##
|||||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|
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||||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||
##
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|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|