2021-03-31-accounts

	**2021 **	**2020 **
	**£'000 **	**£'000 **
Investmentproperties	620	543
Investments	223	179
Currentassets	532	331
	1,375	1,053

15/10/2021

			**Unrestricted **	Resbicted
			**Funds **	**Funds **	**Total **	**Total **
	Notes		**2021 **	**2021 **	**2021 **	**2020 **
			£	£	£	£
**Income from: **
Donationsandlegacies		4	838,523	389,983	1,228,506	1,124,035
Charitableactivities		7	190,626	640,264	830,890	1,495,452
Othertradingactivities		5	6,709		6,709	91,721
Investments		6	32,742		32,742	38,062
Otherincome				254	254
**Total **			1,068,600	1,030,501	2,099,101	2,749,270
**Expenditure on: **
Raisingfunds:
Costsofgenerating members
subsriptions/voluntaryincome			168,444		168,444	201,971
Costofgoodssoldandothercosts			2,515		2,515	80,454
Investmentmanagement fees			2,885		2,885	3,450
Charitableactivities			748,633	879,714	1,628,347	2,312,157
Taxationcharge		10	(1,732)		(1,732)
**Total **		8	920,745	879,714	1,800,459	2,598,032
Netgains/(losses)oninvestments		15	118,333		118,333	(17,239)
Net income			266,188	150,787	416,975	133,999
**Grosstransfersbetween **
**funds **	23/24		(9,753)	9,753
**Net income before other **
**recognised gains and losses **			256,435	160,540	416,975	133,999
**Other recognisedgains/losses) **
Gains/(losses)onrevaluation of
fixedassets		14	3,195		3,195	(5,850)
Actuarialgainson definedbenefit
pensionscheme		20	11,342		11,342	263,616
**Net movement in funds **			270,972	160,540	431,512	391,765
**Reconciliation of funds **
Totalfundsbrought forward			2,754,805	2,476,457	5,231,262	4,839,497
**Total funds carried forward **			3,025,777	2,636,997	5,662,774	5,231,262

			Group	Group		**Trust **	**Trust **
			**31 March **	**31 March **		**31 March **	**31 March **
		Notes	**2021 **		**2020 **	**2021 **	**2020 **
			£		£	£	£
Fixed assets
Tangibleassets		14	1,273,027		1,334,871	1,230,972	1,267,796
Heritageassets		14	2,177,811		1,932,586	2,177,811	1,932,586
Investments		15	843,088		721,935	843,188	722,035
		-------		-------		-------
Totalfixedassets			4,293,926		3,989,392	4,251,971	3,922,417
Current assets
Stocks		16	6,732		7,022
Debtors		17	181,993		190,740	221,889	177,245
Cash atbankandinhand			1,675,426		1,709,039	1,475,658	1,401,974
		-------			..	-------
Totalcurrentassets			1,864,151		1,906,801	1,697,547	1,579,219
**Liabilities **
Creditors:Amountsfalling
duewithinoneyear		18	(408,334)		(529,749)	(173,997)	(131,054)
		-------				-------
Netcurrentassets			1,455,817		1,377,052	1,523,550	1,448,165
						-------
Totalassetslesscurrentliabilities			5,749,743		5,366,444	5,775,521	5,370,582
Definedbenefitpension
schemeliability		20	(86,969)		(135,182)	(86,969)	(135,182)
				-------		-------
Total net assets			5,662,774		5,231,262	5,688,552	5,235,400
The funds of the charity
Restrictedfunds		23	2,636,997		2,476,457	2,636,997	2,476,457
		-------		-------		-------
UnrestrictedFunds
-Accumulatedcharitablefund			269,563		282,088	295,341	286,226
-Designatedfunds-	includes
Investment/revaluationreserve
(seenote15)of£578,230
(2020:£473,385)			2,756,214		2,472,717	2,756,214	2,472,717
		-------				-------
Totalunrestrictedfunds		24	3,025,777		2,754,805	3,051,555	2,758,943
		-------		-------		-------
**Total charityfunds **			5,662,774		5,231,262	5,688,552	5,235,400

				**2021 **			**2020 **
	**Note **		£		£	£	£
**Cash flows fromoperating **
**activities: **
**Net cash providedby **
**operating activities **	27			182,200			237,584
Interestpaid							(121)
Income taxespaid							(5,397)
				-----
Net cash inflow from operating
**activities **				182,200			232,066
**Cash flows frominvesting **
**activities: **
Dividends,interestandrentsfrom
investments		32,742				38,062
Proceedsfromthesaleoftangible
assets			3,182			700
Purchase oftangibleassets		(294,329)				(43,319)
Proceedsfromthesaleofinvestments		35,277				17,667
Purchase ofinvestments		(34,398)				(23,532)
**Net cash used in investing **
**activities **				(257,526)			(10,422)
				-----
Cash flows fromfinancing
**activities: **
Proceedsfromotherborrowings		41,713
		-
Net cash used in financing
**activities **				41,713
				-----
**Cash and cash equivalent movement **
in the reporting period				(33,613)			221,644
**Cash and cash equivalentsat the **
beginning of the reporting period				1,709,039			1,487,395
				-----
**Cash and cash equivalents atthe **
end_of _thereporingperiod				r 4e 1,or,1o			1,709,039

Heritageassets	Nil
Freehold buildings	50years
Leaseholdbuildings	25years
Toolsandequipment	5Years
Motorvehicles	5Years
Fixtures andfittings	5Years
Computersequipment	5Years

					**2021 **	2020
					£	£
	Legacies				258,694	52,436
	Donationsandsimilariname				398,178	525,124
	Memberssubscriptionsincluding			GiftAid	571,634	546,475
					------
					1,228,506	1,124,035
S.	Other trading activities				**2021 **	2020
					£	£
	Shopsales				6,709	91,721
6.	Investment income				**2021 **	2020
					£	£
	Income	fromlistedinvestments			4,066	4,725
	Income	fromcashinvestments			1,367	7,837
	Income	frominvestment	properties		27,309	25,500
					------
					32,742	38,062

		**2021 **	**2020 **
		£	£
Consultancyfees		287,810	394,268
BritishBirdwatchingFair		45,281	848,684
Grants		490,276	237,136
Livestok		1,153	5,517
Rentalincome		6,370	9,847
		830,890	1,495,452
Grants		**2021 **	**2020 **
		£	£
AggregateIndustriesLimited		28,607	32,799
HeritageLotteryFund		149,900
HansonCement		2,500
DEFRAEnvironmentalStewardshipScheme			7,061
DEFRASingleFarmPayment		91,507	62,744
DEFRACountrysideStewardship		37,846	46,996
ErnestCookTrust		18,650
Grantscape		17,917
RoyalSocietyofWildlifeTrustsandPeoples'PostcodeLottery		69,095	69,244
TheNationalForestCompany		1,157	8,997
RutlandCountyCouncil		42,064
RutlandCommunityFoundation			2,500
DementiaAdventure			5,495
Others		3,072	1,300
UKGovernment CoronavirusJobRetentionScheme	Grant	27,961
		-------
		490,276	237,136

		**Wildlife **	**Inspiring **	**Wildlife **	**Generating **	Retail	**Investment **	**Total **	Total
		**Havens **	People	**Champions **	**Funds **	**Operations **	**Mgt Costs **	**2021 **	**2020 **
		£	£	£	£	£	£	£	£
8.	**Analysisof expenditure **
	Naturereserve	241,928	47,146					289,074	246,959
	Consultancywork			31,399				31,399	95,296
	BritishBirdwatchirgFair		40,028					40,028	494,735
	Shopexpenditure					2,515		2,515	62,007
	Membershipcommission				29,702			29,702	100,819
	Subsidiarysuppartcosts		403	9,169				9,572	10,607
	Trustsupportcosts	114,142	163,935	106,658	64,009			448,744	399,943
	Salarycosts(includingpersionandNICs)	336,020	349,223	172,706	73,094			931,043	1,014,376
	Grantsanddonationsmade			17,229				17,229	169,719
	Stockbrokerfees						1,238	1,238	1,220
	Rentalcollection						1,647	1,647	2,230
	Interestpayable								121
		692,090	600,735	337,161	166,805	2,515	2,885	1,802,191	2,598,032
	Taxationcharge							(1,732)
								1,800,459	2,598,032

		Wildlife	**Inspiring **	Wildlife	**Generating **	Retail	**Total **	**Total **
		Havens	People	**Champions **	**Funds **	**Operations **	**2021 **	2020
		£	£	£	£	£	£	£
9.	Analysis of governanceand supportcosts
	Trust SupportCosts
	Officecnsts	70,319	104,076	65,246	36,332	-	275,973	239,007
	RSNClevy	7,716	11,421	7,160	3,987	-	30,284	32,321
	Depreciation	20,663	30,582	19,172	10,677	-	81,094	85,237
	Pensionfinancechargesand
	administrationexpenses	5,028	7,440	4,664	2,597	-	19,729	11,014
	SubsidiarySupportCosts
	Officecnsts	-	-	11,392	-	-	11,392	10,266
	Depreciation	-	403	29,718	-	-	30,121	34,297
	Profiton disposaloffixedassets	-	-	-	-	-	-	(700)
	Amortisationofcapitalgrant	-	-	(31,941)	-	-	(31,941)	(33,256)
	Governance costs	10,416	10,416	10,416	10,416	-	41,664	32,364
		-------
		114,142	164,338	115,827	64,009	-	458,316	410,550

10.	**Taxation **	**2021 **	2020
		£	£
	**Current tax **
	Adjustmentsinrespectofpreviousperiods	(1,732)
11.	Analysis of staffcostsand members	**2021 **	2020
		£	£
	Totalstaffemolumentsfortheyearwereasfollows:
	Salaries costs	816,709	854,116
	Social securitycosts	67,525	70,292
	Pensioncontributions(seenote 20)	46,809	65,730
	Terminationpayment		24,238
		--
		931,043	1,014,376

		**2021 **	2020
		Number	**Number **
£60,001	-£70,000	1

	**Group **	**Group **	**Trust **
	**2021 **	**2020 **	**2021 **	2020
	**No. **	**No. **	**No. **	**No. **
ManagementandAdministration	12	11	9	8
CharitableActivities	23	28	15	16
	35	39	24	24

Thisisarrivedaftercharging/(crediting):-			**2021 **		2020
			£		£
Depreciationofownedfixedtangibleassets			111,215	119,534
Operatingleaserentals			5,473		4,774
Profitondisposaloffixedtangibleassets			(254)		(700)
Amortisationofcapitalgrant			(31,941)	(33,256)
FeespayablenetofVATtORSMUKAudit	LLPand	itsassociatesinrespectofboth		audit	andnon-
auditservices asarefollows:
			**2021 **		2020
			£		£
Auditservices- statutoryauditoftrustandconsolidatedaccounts			22,500	17,000
**Other services: **
Audit services- statutoryauditofassociatesoftheTrustcompany			1,600		1,500
Taxationcompliance service			1,850		1,800
Allothernon-auditservices			12,200	11,500
			----
			38,150	31,800

					**Fixtures **
	**Land and **	Heritage	Motor	**Toolsand **	**fittings and **
Group	buildings	assets	**vehicles **	**equipment **	**computers **	Livestock	**Total **
	£	£	£	£	£	£	£
Cost/Valuation
1April2020	1,410,015	1,938,627	301,104	239,666	322,635	33,480	4,245,527
Additions	-	245,225	-	9,249	39,415	440	294,329
Disposals	-	-	(5,677)	(3,078)	(6,122)		(14,877)
Revaluation						3,195	3,195
	-----	-----	------	-----
31March2021	1,410,015	2,183,852	295,427	245,837	355,928	37,115	4,528,174
	-		------
Depreciation
1April2020	250,868	6,041	241,579	200,499	279,083		978,070
Chargefortheyear	49,730	-	30,177	13,698	17,610		111,215
Disposal	-	-	(5,014)	(2,411)	(4,524)		(11,949)
	-----	-----
31March 2021	300,598	6,041	266,742	211,786	292,169		1,077,336
					-----
Netbook value
31March 2021	1,109,417	2,177,811	28,685	34,051	63,759	37,115	3,450,838
					-
31March2020	1,159,147	1,932,586	59,525	39,167	43,552	33,480	3,267,457

					**Fixtures **
	Land and	Heritage	Motor	**Toolsand **	**fittings and **
**Trust **	buildings	assets	**vehicles **	**equipment **	**computers **	Livestock	**Tot.al **
	£	£	£	£	£	£	£
Cost/Valuation
1April2020	1,410,015	1,938,627	113,886	239,666	279,513	33,480	4,015,187
Additions	-	245,225	-	9,249	32,053	440	286,967
Disposals	-	-	-	(3,078)			(3,078)
Revaluation						3,195	3,195
	-----	-----		-----
31March2021	1,410,015	2,183,852	113,886	245,837	311,566	37,115	4,302,271
			------
Depreciation
1April2020	250,868	6,041	103,536	200,499	253,861		814,805
Chargefortheyear	49,730	-	6,388	13,698	11,278		81,094
Disposal	-	-	-	(2,411)			(2,411)
31March2021	300,598	6,041	109,924	211,786	265,139		893,488
	-----	-		-----
Netbook value
31March 2021	1,109,417	2,177,811	3,962	34,051	46,427	37,115	3,408,783
31March2020	1,159,147	1,932,586	10,350	39,167	25,652	33,480	3,200,382

Additions	£
2020-2021	245,225
2019-2020
2018-2019	18,000
2017-2018
2016-2017

Fixed assetinvestments
	**Group **			**Trust **
	**2021 **	2020	**2021 **	2020
	£	£	£	£
SharesinLeicestershireWildlife
(Sales)Limited			100	100
Listedsharesandothersecurities	223,088	178,707	223,088	178,707
Investmentproperties	620,000	543,228	620,000	543,228
	------	------	------
	843,088	721,935	843,188	722,035

tradingresultsisshownbelow.
	**2021 **	**2020 **
	£	£
**Profit andloss account **
Turnover	341,440	1,336,263
Expenditure	(462,346)	(1,339,962)
Otherincome	97,456
Interestreceivable	102	800
Interestpayable		(121)
**Lossbeforetaxation **	(23,348)	(3,020)
Taxation	1,732
**Loss forthe year **	(21,616)	(23,348)

15.	**Fixed assetinvestments( continued) **
		**2021 **	**2020 **
		£	£
	Balance sheet
	Fixedandcurrentassets	265,138	420,732
	Creditors:amountsfallingduewithin oneyear	(290,817)	(424,795)
		------
	**Total net liabilities **	(25,679)	(4,063)
	**Capital and reserves **	**2021 **	**2020 **
		£	£
	Calledupsharecapital	100	100
	Profitandlossaccount	(25,779)	(4,163)
		------
	Total equity	(25,679)	(4,063)
	**Listed shares andother securities **
	Investmentsinquotedcompaniesarestatedatmarketvalue.		£
	Valueat1April2020		178,707
	Additions		34,398
	Disposals		(35,277)
	Fairvaluerevaluation		45,260
	Valueat31March 2021		223,088

Thefollowinginvestmentseach exceed5%ofthetotalvalueofshareinvestments:	%
JupiterFundManagersUKInc	6.57
JPMorganAMUKLtdUSEquityInc	9.69
JupiterUTManagersEcologyInc	6.79
ImpaxEnviroMarkets	6.46
TBaileyFund	6.49

leasedtoathird party.
	£
Valueat1April2020	543,228
Fairvaluerevaluation	76,772
Valueat31 March2021	620,000

16.	**Stock **		Group			**Trust **
		**2021 **		2020	**2021 **	2020
		£		£	£	£
	Shopstock	5,199		5,437
	Birdfairstock	1,533		1,585
		6,732		7,022
17.	**Debtors **
		Group				**Trust **
		**2021 **		2020	**2021 **	2020
		£		£	£	£
	Tradedebtors	28,058	61,083		27,299	37,939
	AmountsowedbyLeicestershire
	Wildlife(Sales)Limited				56,480	26,100
	Incometaxreœivable	39,303	49,442		39,303	49,442
	Corporationtaxreceivable	1,732
	LoantoWildlifeFundraising
	(Central)Limited	10,000	10,000		10,000	10,000
	Prepaymentsand accruedincome	102,900	70,215		88,807	53,764
		181,993	190,740		221,889	177,245

	Group	Group		**Trust **
	**2021 **	**2020 **	**2021 **	2020
	£	£	£	£
Tradecreditors	61,382	75,072	53,678	64,301
Othertaxationandsocialsecurity	19,344	16,773	14,636	11,762
Otherloans	41,713		41,713
Accrualsanddeferredincome	285,895	437,904	63,970	54,991
			------
	408,334	529,749	173,997	131,054

	**Group **	**Group **	**Trust **
	**2021 **	2020	**2021 **	**2020 **
	£	£	£	£
**Deferredincome **
Deferredincome at1April2020	92,511	428,150	814
Resourcesdeferredintheyear	152,646	50,011	400	814
Amountsreleasedfrompreviousyears	(91,761)	(385,650)	(64)
Deferredincomeat31March2021	153,396	92,511	1,150	814

Financial instruments
	**Group **			**Trust **
	**2021 **	**2020 **	**2021 **	**2020 **
	£	£	£	£
Financial assets
Instrumentsmeasuredatfairvalue
throughstatementoffinancialactivities	223,088	178,707	223,088	178,707

Thebalanceismade up asfollows:
	£
Balancebroughtforward	135,182
Administrationcosts	17,130
Netinterest	2,599
Employercontributions	(56,600)
Actuarialgain	(124,357)
Returnon assets	113,015
Balance carriedforward	86,969

		**2021 **	**2020 **
		%	%
Discount rate		1.95	2.25
Futureexpectedrateof	increaseofpensions	2.65	1.70
Future expectedrateof	increaseinsalaries(RPI)	3.45	2.70
Post-retirementmortality		1.25	1.25

	**2021 **	2020
	Years	**Years **
Retiringtoday
-Males	22.7	22.5
-Females	25.0	24.8
Retiringin20years
-Males	24.0	23.9
-Females	26.4	26.2

AmountsrecognisedintheStatementofFinancialActivitiesinrespectofthe	AmountsrecognisedintheStatementofFinancialActivitiesinrespectofthe	definedbenefit
schemeareasfollows:
	**2021 **	**2020 **
	£	£
Current servicecost
Administration expenses	17,130	7,434
Netinterestondefinedbenefitliabilities	2,599	3,580
	-----
Amountschargedtonetincome	19,729	11,014
	-----
	**2021 **	2020
	£	£
Actuarialgain	124,357	23,030
Returnonassets	(113,015)	(29,209)
	-
Netgain/(loss)intheyear	11,342	(6,179)
Netgainontransition at1April2019		269,795
	-----
Otherrecognised gain	11,342	263,616
	-----

	**2021 **	**2020 **
	£	£
Presentvalue ofdefinedbenefitobligations	(1,162,601)	(1,047,778)
Fairvalue ofplanassets	1,075,632	912,596
Deficitin scheme	(86,969)	(135,182)

Movementsinthepresentvalue ofdefinedbenefitobligations:
	£
Liabilitiesat1April2020	1,047,778
Administrationcosts	17,130
Interestcost	23,334
Benefitspaid	(38,656)
ActuariaIloss	113,015
Liabilitiesat31March2021	1,162,601
Movementsinthefairvalueofplanassets:	£
Fairvalue ofassetsat1April2020	912,596
Interestincome	20,735
Returnonplanassets(excluding amountsincludedinnetinterest)	124,357
Benefitspaid	(38,656)
Contributionsbytheemployer	56,600
Fairvalueofassetsat31March 2021	1,075,632

	**2021 **	**2020 **
	£	£
Equityinstruments	620,640	444,434
Bonds	416,270	419,794
Property	22,588	22,815
Cash	16,134	25,553
	-----
Totalfairvalue ofassets	1,075,632	912,596

				**Group **		**Trust **
			**2021 **	2020	**2021 **		**2020 **
			£	£	£		£
Within	one	year	3,452	4,584	836		836
Within	2-5	years	2,971	6,424	2,089		2,925
			-----	-----	-----
			6,423	11,008	2,925		3,761

	**2021 **	2020
Amountsreceivable:	£	£
Lessoneyear	18,400	16,500
Betweenoneandfive	9,500	18,600
	----
	27,900	35,100

		Group			**Trust **
	**2021 **		2020	**2021 **	**2020 **
	£		£	£	£
Acquisitionoftangiblefixedassets			240,000		240,000

23.	Restrictedfunds	**Balanœat **	**Balanœat **	**Balanœat **			**Balance at **	**Balance at **
				**1/4/20 **	Income	Expenditure	Transfer	**31/3/21 **
				£	£	£	£	£
	RutlandWater			69,549	23,102	(33,820)	8,583	67,414
	RutlandOspreyProject			15,896	4,652	(10,297)		10,251
	SponsoraCow			12,229	862	(1,895)		11,196
	CharnwoodWoodland			18,182				18,182
	HolwellNatureReserve			255,293		(126)	(245,225)	9,942
	RutlandWaterVolunteer
	TrainingCentre			148	10,000	(16,375)	6,227
	CharnwoodForestLiving
	LandscapeProject			7,697	28,607	(26,379)	(1,000)	8,925
	CloudWoodLocalGroup			11,246		(727)	(978)	9,541
	LaundeWoods			9,994	3,226	(1,826)	(7,395)	3,999
	FoxWood			174				174
	TraineeReservesOfficerScheme			8,312	10,000	(3,025)	(500)	14,787
	GrowWild			658	145,306	(136,259)	(4,053)	5,652
	ForestSchool-People'sPostcode
	Lottery			88,584	66,900	(45,473)	(3,636)	106,375
	MountsorrelandRothleyMarshes			28,282		(2,617)	(500)	25,165
	Badgervaccinationprogram			403		(403)
	Outreacheducation						4,009	4,009
	Recordingandsurvey			2,639		(250)		2,389
	CharnwoodWildflower
	MeadowsProject			8,948				8,948
	Appeals -Meadows				102,985		10,000	112,985
	CossingtonMeadows			2,766	200		887	3,853
	NatureReservesFightingFund			1,866				1,866
	Greeninfluencers scheme				18,650	(1,947)	(846)	15,857
	CapacityBuildingFund			23,547	10,000	(18,370)	(3,162)	12,015
	FreshAirThiri<Tari</GrandIdeas			1,598			(1,598)
	RutlandWaterTrainee
	ReserveOfficescheme			13,250		(6,590)		6,660
	WiderCountryside			54,988				54,988
	CFUrbanJungle			1,255				1,255
	BattersbyWatsonreCharnwood
	AndRutland			25,000		(9,620)	(10,932)	4,448
	TimeinNatureDementiaAdventure3,260							3,260
	RutlandLogsWoodlandFund			2,967	3,000			5,967
	NLHFCovidfund				81,067	(35,192)	(34,769)	11,106
	DavidCokFoundation				53,000			53,000
	Otherfunds			29,390	49,014	(37,009)	(8,795)	32,600
	Landheldwithrestrictedfunds		1,058,645			(1,678)	245,225	1,302,192
	Fixed assetsheldwith
	restrictedfunds		719,691		2,515	(53,220)	39,010	707,996
			-----			-----	-----
	Total - Trust only		2,476,457		613,086	(443,098)	(9,448)	2,636,997
	AnglianWater-Leicestershire
	WildlifeSalesLimited				311,182	(311,182)
	Birdfair				106,233	(125,434)	19,201
			-----			-----	-----
	Total - Group		2,476,457		1,030,501	(879,714)	9,753	2,636,997

					**Other **
	**Balanœ at **			**Revaluation **	Recognised		**Balance at **
	**1/4/20 **	**Income **	Expenditure	**Movement **	**Gains/(losses) **	Transfers	**31/3/21 **
**Group only **	£	£	£	£	£	£	£
AccumulatedCharitableFund	282,088	983,549	(789,470)	-	14,537	(221,141)	269,563
Designatedfunds:
-Heritageassetsand otherrelated	fixed
assets	1,271,717	-	(14,162)	-	-	-	1,257,555
-Trustdevelopmentfund	1,053,029	85,051	(92,848)	118,333	-	211,388	1,374,953
-Pensioncostsfund	139,925	-	(19,729)	-	-	-	120,196
-Fixed assetdepreciationfund	8,046	-	(4,536)	-	-	-	3,510
		-----
	2,472,717	85,051	(131,275)	118,333	-	211,388	2,756,214
	2,754,805	1,068,600	(920,745)	118,333	14,537	(9,753)	3,025,777

24.	**Unrestricted funds (continued) **
						**Other **
		**Balanceat **			**Revaluation **	**Recognised **		**Balance at **
		**1/4/20 **	**Income **	Expenditure	**Movement **	**Gains/ (losses) **	Transfers	**31/3/21 **
	Trust only	£	£	£	£	£	£	£
	AccumulatedCharitableFund	286,226	1,025,956	(829,438)	-	14,537	(201,940)	295,341
	Designatedfunds:
	-Heritageassetsand otherrelated	fixed
	assets	1,271,717	-	(14,162)	-	-	-	1,257,555
	-Trustdevelopment fund	1,053,029	85,051	(92,848)	118,333	-	211,388	1,374,953
	-Pensioncostsfund	139,925	-	(19,729)	-	-	-	120,196
	-Fixedassetdepreciationfund	8,046	-	(4,536)	-	-	-	3,510
		2,472,717	85,051	(131,275)	118,333	-	211,388	2,756,214
		2,758,943	1,111,007	(960,713)	118,333	14,537	9,448	3,051,555

	**2021 **	**2020 **
	**£'000 **	**£'000 **
Investmentproperties	620	543
Investments	223	179
Othercurrentassets	532	331
	-
	1,375	1,053

			**Accumulated **
	Restricted	**Designated **	**Charitable **
	**funds **	**funds **	**fund **	**Total **
**Group **	£	£	£	£
Fundbalanceat31March 2021
arerepresentedby:
Tangiblefixedassetsandheritage
assets	2,007,607	1,261,269	181,962	3,450,838
Investments		843,088		843,088
Netcurent assets	629,390	651,857	174,570	1,455,817
Definedbenefitpension scheme
liability			(86,969)	(86,969)
		-------	.
	2,636,997	2,756,214	269,563	5,662,774
			**Accumulated **
	Restricted	**Designated **	**Charitable **
	**funds **	**funds **	**fund **	**Total **
**Trust **	£	£	£	£
Fundbalanceat31March 2021
arerepresentedby:
Tangiblefixedassetsandheritage
assets	2,007,607	1,261,269	139,907	3,408,783
Investments		843,188		843,188
Netcurrent assets	629,390	651,757	242,403	1,523,550
Defined benefitpensionscheme
liability			(86,969)	(86,969)
	-------	-------	-------
	2,636,997	2,756,214	295,341	5,688,552
**Reconciliation of net income tonet cash flow **		from operating activities
			**2021 **	2020
			£	£
**Net income for thereportingyear **			416,975	133,999
Adjustmentsfor:
Taxationcharge			(1,732)
Depreciationcharges			111,215	119,534
Net(gains)/lossesoninvestments			(122,032)	19,631
Dividends,interestandrentfrominvestments			(32,742)	(38,062)
Interestpayable				121
Profitonsaleoftangiblefixedassets			(254)	(700)
Defined benefitpensionschemecost	lesscontributionspayable		(48,213)	(54,744)
Pensionfinancechargesandadministration costs			11,342	11,014
Decreaseinstocks			290	20,022
Deceaseindebtors Decreaseincreditors			10,479 (163,128)	132,848 (106,079)
			-----
Net ash provided byoperatingactivities			182,200	237,584

**31 **	March2020	**Cash flows 31 March2021 **	**Cash flows 31 March2021 **
	£	£	£
Cashatbarkandinhand	1,709,039	(33,613)	1,675,426
Loansfal ingduewithinoneyear		(41,713)	(41,713)
	-----	-----
Total	1,709,039	(75,326)	1,633,713

	**Unrestricted **	Resbicted
	**Funds **	**Funds **	**Total **
	£	£	£
**Income from: **
Donationsand legacies	635,146	488,889	1,124,035
Charitableactivities	142,599	1,352,853	1,495,452
Othertrading activities	91,721		91,721
Investments	38,062		38,062
	-------	-------
**Total **	907,528	1,841,742	2,749,270
**Expenditure on: **
Raisingfunds:
Costsofgeneratingmembers
subscriptions/voluntaryincome	201,971		201,971
Costofgoodssoldand othercosts	80,454		80,454
Investmentmanagement fees	3,450		3,450
Charitableactivities	703,508	1,608,649	2,312,157
	-------	-------
**Total **	989,383	1,608,649	2,598,032
	-------	-------
Netlossesoninvestments	(17,239)		(17,239)
	-------	-
**Net income/(expenditure) **	(99,094)	233,093	133,999
Grosstransfers between funds	18,460	(18,460)
**Net income/ ( expenditure) before **
Other recognisedgains and losses	(80,634)	214,633	133,999
Other recognised(losses)/gains
Lossonrevaluationoffixed assets	(5,850)		(5,850)
Actuarialgainon definedbenefit
pension scheme	263,616		263,616
	-------
Net movement in funds	177,132	214,633	391,765