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2020-12-31-accounts

Page
Legal and administrative information
Trustees' Report
Auditor's
Report		 14
Consolidated
Statement		 ofFinancial Activities 17
Consolidated
and Parent		 Charity Income and Expenditure Accounts 18
Balance sheet 19
Statement ofCash Flows and Consolidated Statement of Cash Flows 20
Accounting
Policies		 21
Notes to the Financial
Statements		 23

Unrestricted funds Total Total
Undesignated Designated Restricted Endowment funds funds
funds funds funds funds 2020 2019
Note
Income and endowments from:
Donations
and legacies		 884,315 884,315 1,227,445
Chaiitable
activities		 505,766 1,249,345 1,755,111 1,597,398
Other trading
activities		 5,449,076 5,449,076 4,995,698
Investment
income		 6,693 6,693 16,009
Total income 6,845,850 1,249,345 8,095,195 7,836,550
Expenditure
on:
Raising funds 5 5,140,152 107,985 5,248,137 5,416,154
Charitable
activities		 6 263,446 337,948 1,624,279 16,135 2,241,808 2,241,255
Total expenditure 5,403,598 445,933 1,624,279 16,135 7,489,945 7,657,409
Net income/(expenditure) 1,442,252 (445,933) (374,934) (16,135) 605,250 179,141
Transfers between
funds		 24 (1,329,888) 945,933 383,955
Net movement
in funds		 112,364 500,000 9,021 (16,135) 605,250 179,141
Total funds brought forward
at 1 January 2020 1,790,223 3,016230 47202 1,704,088 6,557,743 6378602
Total funds carried forward
at 31December 2020 1,902,587 3 516230 56,223 1,687,953 7,162,993 6 557,743

Group Charity
2020 2019 2020 2019
Income from:
Donations,
legacies		 and other trading activities 6,340,084 6,239,152 1,090,340 1,290,570
Charitable
activities		 1,755,111 1,597,398 1,755,111 1,597,398
Total income 8,095,195 7,836,550 2,845,451 2,887,968
Expenditure
on:
Raising funds 5,248,137 5,416,154 607,970 567,228
Charitable
activities		 2,225,673 2,223,075 2,225,673 2,223,075
Total expenditure on continuing operations 7,473,810 7,639,229 2,833,643 2,790,303
Net income/ (expenditure) for the year 621,385 197,321 11,808 97,665
Donations
under gift aid		 from subsidiary 599,537 651,000
Net income for the year - parent charity 611,345 748,665

Group Charity
2020 2019 2020 2019
Note
Fixed assets
Tangible
assets		 11 2,139,223 2,197,829 2,104,129 2,126,359
Investments 12 100 100
Total fixed assets 2,139,223 2,197,829 2,104,229 2,126,459
Current
assets
Stocks 13 11,552 22,828 11,552 22,828
Debtors 14 1,665,508 1,918,464 1,214,784 728,813
Cash at bank and in hand 15 5,216,699 4,098,198 3,564,248 3,319,752
6,893,759 6,039,490 4,790,584 4,071,393
Creditors: amount falling due within
one year 16 (1,864,979) (1,668,546) (1,110,402) (1,008,651)
Net current assets 5,028,780 4,370,944 3,680,182 3,062,742
Total assets less current liabilities 7,168,003 6,568,773 5,784,411 5,189,201
Provision for liabilities 17 (5,010) (11,030)
Total net assets 22 7,162,993 6,557,743 5,784,411 5,189,201
Funds
Endowments 18 1,687,953 1,704,088 1,687,953 1,704,088
Restricted funds 19 56,223 47,202 56,223 47,202
Unrestricted
designated		 funds 20 3,516,230 3,016,230 3,516,230 3,016,230
Unrestricted
funds		 21 524,005 421,681 524,005 421,681
Non-charitable
funds		 21 1,378,582 1,368,542
Total funds 7, 162,993 6,557,743 5,784,411 5,189,201

Group Charity
2020 2019 2020 2019
Note
Cash provided
by/ (used		 in) operating 29 1,160,228 536,196 264,937 226,203
activities
Tax palcl (2,784)
Net cash provided
by/ (used in)		 operating 1,160,228 533,412 264,937 226,203
activities
Cash flows from investing activities
Interest from investments 6,693 16,009 6,693 15,288
Purchase oftangible fixed assets (51,197) (163,702) (27,134) (84,971)
Proceeds from sale offixed assets 2,777 8,750
Cash (used in)/ provided by investing (41,727) (138,943) (20,441) (69,683)
activities
Increase/ (decrease) in cash and cash
equivalents
in the year		 1,118,501 394,469 244,496 156,520
Total cash and cash equivalents at the 4,098,198 3,703,729 3,319,752 3,163,232
beginning
ofthe year
Total cash and cash equivalents at the
end ofthe year 5,216,699 4,098,198 3,564,248 3,319,752
Analysis ofchange in net funds
At 1.1.2020 Cash flow At 31.12.20
Net cash
Cash at bank and in hand 4,098,198 1,118,501 5,216,699
4,098,198 1,118,501 5,216,699

The
charity
has
a wholly		 The
charity
has
a wholly		 owned owned trading trading subsidiary, subsidiary, Middlemarch Middlemarch Middlemarch Environmental Environmental Limited (company
number
02593908),which is incorporated in the UK. The principal activity ofMiddlemarch Environmental Ltd is to provide
ecological consultancy services. The company pays aproportion ofits taxable profits to the Trust by way ofgift aid.
A summary
of their trading		 results is shown below. Audited financial statements are filed with the Registrar of
Companies.
2020 2019
Turnover
including
anil		 intercompany (2019:anil) 5,340,487 4,947,861
Cost ofsales (788,745) (1,122,998)
Gross profit 4,551,742 3,824,863
Other operating
income		 44,373
Other operating
expenses		 (3,984,183) (3,718,752)
Investment
income		 721
Net profit 611,932 106,832
Taxation (2,355) (7,176)
609,577 99,656
Gift Aid donation to Warwickshire Wildlife Trust (599,537) (651,000)
Retained in Subsidiary 10,040 (551,344)
Aggregate
assets, liabilities		 and funds 1,378,682 1,368,642
Donations
and legacies		 income
Unrestricted Restricted Total Total
funds funds 2020 2019
Subscriptions 613,461 613,46] 587,655
Corporate
subscriptions		 3,057 3,057 12,486
Donations
and gifts		 23,878 23,878 34,778
Income tax recovered under gif't aid 135,212 135,212 133,673
Legacies 108,707 108,707 458,853
884,315 884,315 1,227,445

Unrestricted Unrestricted funds
Designated Undesignated Restricted Endowment Total Total
funds funds funds funds 2020 2019
Visitor centres 277,419 277,419 267,165
Reserves and connnunity 131,939 310,100 442,039 339,892
engagement
Living landscapes 72,029 712,835 784,864 673,451
Habitat biodiversity audit 110,673 110,673 111,477
Health and wellbeing 24,379 105,737 130,116 205,413
Nature recovery strategy 10,000 10,000
505,766 1,249,345 1 755 111 1 597 398

Unrestricted Unrestricted funds
Designated Undesignated Restricted Endowment Total Total
funds funds funds funds 2020 2019
Subsidiary trading company 5,384,860 5,384,860 4,947,861
Fundraising 64,216 64,216 47,837
5,449,076 5,449,076 4,995,698

Unrestricted Unrestricted funds
Designated Undesignated Restricted Endowment Total Total
funds funds funds funds 2020 2019
Marketing 10,171 116,141 126,312 226,675
Membership servicing 97,814 248,728 346,542 340,553
Subsidiary trading company 4,775,283 4,775,283 4,848,926
107,985 5,140,152 5,248,137 5,416,154

Charitable
activities expend		 it ure
Unrestricted funds
Designated Undesignated Restricted Endowment Total Total
funds funds funds funds 2020 2019
Visitor centres 46,785 232,480 16,135 295,400 412,747
Reserves and community 143,389 536,899 680,288 555,534
engagement
Living landscapes		 89,138 787,563 876,701 858,411
Habitat biodiversity
audit		 105,693 105,693 111,450
Health and wellbeing 52,636 188,165 240,801 275,675
Nature recovery strategy 5,959 5,959
Governance
costs		 6,000 6,000 15,469
Volunteer
costs		 30,966 30,966 11,969
337,948 263,446 1,624,279 16,135 2,241,808 2,241,255
2019comparatives
include visitor centres costs of6349,762 in unrestricted
undesignated
funds and f,18,180in endowment
funds; Reserves and community
engagement
costs off416,433 in restricted funds; Living landscapes
costs off771,906 in
restricted
funds;
Habitat biodiversity
costs of 5.111,450 in restricted
funds;
Health
and wellbeing
costs off223,865 in
restricted
funds;
and Volunteer		 costs of 611,969 in unrestricted undesignated
funds,		 All other expenditure
was recorded
within unrestricted
designated		 funds.
Total resources expended Total Total
Staff costs Depreciation Other costs 2020 2019
Direct charitable
expenditure		 1,128,306 31,320 755,816 1,915,442 1,816,539
Visitors centre 144,910 13,355 137,135 295,400 412,747
Expenditure
on raising funds		 262,549 4,689 205,616 472,854 567,228
Volunteer
costs		 28,986 1,980 30,966 11,969
1,564,751 49,364 1,100,547 2,714,662 2,808,483
Middlemarch
Environmental		 Limited 3,303,897 60,439 1,410,947 4,775,283 4,848,926
4,868,648 109,803 2,511,494 7,489,945 7,657,409
2020 2019
Total resources expended are stated after charging/
(crediting):
Directors'
remuneration		 178,890 317,271
Settlements
paid to former directors		 165,882
Auditors'
remuneration		 11,500 11,250
Depreciation 109,803 107,821
(Profit)/ loss on sale offixed assets (2,777) (8,750)
Government
grants re: COVID-19		 (277,339)
Amounts
payable under operating		 leases 49,378 49,279

Staff Costs
2020 2019
Wages and salaries 4,156,533 3,860,055
Social security costs 394,839 299,799
Pension costs 317,276 450,659
4,868,648 4,610,513
The average number ofemployees, analysed by function was: 2020 2019
No No
Trust activities 60 60
Fundraising and publicity 5 6
Management and administration 7 7
Subsidiary
trading
company		 81 78
153 151
The above average number ofemployees comprise
Warwickshire Wildlife Trust 72 73
Middlemarch Environmental Linuted 81 78
153 151

Charity Trading Company
2020 2019 2020 2019
No. No. No, No.

2020 2019
Pension contributions in respect ofthe above employees are 9,610 22,889
The number ofemployees accruing retirement benefits included above is

The tax charge on the profit for the year was as follows:
2020 2019
Current tax (charged at 19%):
UK Corporation tax 8,375
Deferred tax (6,020) 7,176
2,355 7,176

Freehold Leasehold Plant and Motor
Group Property Property Equipment Vehicles Total
K
Costs
I January 2020 1,328,316 923,252 529,845 330,21] 3,111,624
Additions 37,203 13,994 51,197
Disposals (25,000) (25,000)
31December 2020 1,328,316 923,252 567,048 319,205 3,137,821
Depreciation
1 January 2020 223,541 375,480 314,774 913,795
Charge for the year 10,147 83,901 15,755 109,803
Disposals (25,000) (25,000)
31 December 2020 233,688 459,381 305,529 998,598
Net book value
31December 2020 1,328,316 689,564 107,667 13,676 2,139,223
31 December 2019 1,328,316 699,711 154,365 15,437 2,197,829
Charity
Costs
1 January 2020 1,328,316 923,252 341,509 63,148 2,656,225
Additions 27,134 27,134
Disposals
31 December 2020 1,328,316 923,252 368,643 63,148 2,683,359
Depreciation
1 January 2020 223,541 243,177 63,148 529,866
Charge for the year 10,147 39,217 49,364
Disposals
31 December 2020 233,688 282,394 63,148 579,230
Net book value
31December 2020 1,328,316 689,564 86,249 2,104,129
31December 2019 1,328,316 699,711 98,332 2,126,359

12.Investments
The Trust owns 100N ofthe equity ofthe following company: 2020 2019
Middlemarch
Environmental		 Limited, incorporated in England
100 ordinary
shares off.l each		 100 100
13.Stocks
Group Charity
2020 2019 2020 2019
Goods for resale 11,552 22,828 11,552 22,828
14.Debtors
Trade debtors 1,110,312 1,488,703 51,394 55,081
Amounts
due fiom subsidiary
undertaking 660,737 273,253
Other debtors 504,584 391,833 452,041 362,551
Prepayments 35,612 22,928 35,612 22,928
Investment
—Wildlife Fundraising
(Central) Ltd 15,000 15,000 15,000 10000
1,665,508 1,918,464 1,214,784 728,813
15.Cash at bank and in hand
COIF Charities Deposit Fund 2,620,700 2,414,006 2,620,700 2,414,006
Other bank accounts and cash 2,595,999 1,684, 192 943,548 905,746
5,216,699 4,098,198 3,564,248 3,319,752
16.Creditors
due within
one year
Trade creditors 128,697 350,346 74,487 180,242
Corporation
tax		 8,375
Other taxation and social security 388,212 346,642 123,698 87,671
Pension contributions 66,638 70,373 66,638 70,373
Other creditors and accruals 439,890 247,824 12,412 17,004
Deferred income 833,167 653,361 833,167 653,361
1,864,979 1,668,546 1,110,402 1,008,651
Deferred income represents grants in advance
on		 2020
2020 projects,
Balance at 1 January 653,361
Amounts
released to incoming		 resources (283,608)
Amounts
deferred
in year		 463,414
Balance at 31December 833,167

Deferred taxation Group Charity
2020 2019 2020 2019
Balance at 1 January 11,030 3,854
Profit k loss account (6,020) 7,176
Balance at 31 December 5,010 11,030
The deferred tax liability is made up as follows:
2020 2019 2020 2019
Accelerated
capital allowances		 5,010 11,030
.Endowme nts
Movement in Resources
Balance Balance
31Dec 31Dec
2019 Incoming Outgoing Transfer 2020
Wappenbury
Woods		 135,033 135,033
Brandon Marsh Headquarters 23,792 (1,663) 22,129
Whitacre Heath 29,707 29,707
Meadows Appeal 30,868 30,868
Rough Hill Wood 54,339 54,339
Cock Robin Wood 11,274 (46) 11,228
Wire Hill 1,760 1,760
Alvecote Pools 49,623 49,623
Brandon Marsh Visitor and Education Centre 355,023 (5,147) 349,876
Parkridge Centre 218,026 (3,291) 214,735
Radway Meadow 70,881 70,881
Tasker Meadow 77,379 77,379
Reserves Tractor 18,565 (5,988) 12,577
Reedbed Bird Hides 5,100 5,100
Bubbenhall
Wood Fund		 622,718 622,718
1,704,088 (16,135) 1,687,953

Movement in Resources
Balance Balance
31Dec 31Dec
2019 Incoming Outgoing Transfer 2020
Reserves and Community Engagement 310,100 (536,899) 226,799
Habitat Biodiversity Audit 27 110,673 (105,693) 5,007
Living Landscapes 712,835 (787,563) 74,728
Health and Wellbeing 105,737 (188,165) 82,428
Nature Recovery Strategy 10,000 (5,959) 4,041
Sensory Garden 4,583 4,583
Peregrine
Appeal		 4,345 4,345
Badger Vaccination Appeal 4,407 4,407
Hedgehog
Campaign		 Appeal 23,710 23,710
Landfill Appeal 3,677 3,677
Reserves Appeal 6,453 6,453
47,202 1,249,345 (1,624,279) 383,955 56,223

Movement in Resources
Balance Balance
31Dec 31Dec
2019 Incoming Outgoing Transfer 2020
Charity Projects Fund 945,649 (445,933) 445,933 945,649
Nature Recovery Fund 1,000,000 500,000 1,500,000
Infrastructure Investment Fund 25,581 25,581
Covid-19 Recovery Fund 315,000 315,000
Contingency Fund 730,000 730,000
3,016,230 (445,933) 945,933 3,516,230

Movement in Resources
Balance Balance
31Dec 31Dec
2019 Incoming Outgoing Transfer 2020
Unrestricted fund 421,681 1,460,990 (628,315) (730,351) 524,005
Non charitable fund 1,368,542 5,384,860 (4,775,283) (599,537) 1,378,582
1,790,223 6,845,850 (5,403,598) (1,329,888) 1,902,587

Net
Tangible Current
Fixed Assets Assets Total
Endowments 1,687,953 1,687,953
Restricted funds 56,223 56,223
Designated funds 3,516,230 3,516,230
Unrestricted funds:
Charitable 416,177 107,828 524,005
Non-charitable trading 35,093 1,343,489 1,378,582
451,270 1,451,317 1,902,587
Total 2,139,223 5,023,770 7,162,993

Reconciliation
ofnet		 moveme nt in funds to net cash flow from op erating
activities
Group Charity
2020 2019 2020 2019
Net movement
in funds		 605,250 179,141 611,345 748,665
Add back tax charged 2,355 7,176
Deduct arnortisation
ofendowments		 (16,135) (18,180)
Add back depreciation charge 109,803 107,821 49,364 55,161
Deduct interest income shown in investing
activities (6,693) (16,009) (6,693) (]5,288)
Profit on sale offixed assets (2,777) (8,750)
Decrease/ (increase) in stock 11,276 (7,783) 11,276 (7,783)
Decrease/ (increase) in debtors 252,956 189,509 (485,971) (294,158)
Increase/ (decrease) in creditors 188,058 85,091 101,751 (242,214)
Net cash provided
by		 operating activities 1,160,228 536,196 264,937 226,203