R•ghter•d number: 00561833 Charlty number: 210531 LEICESTERSHIRE AND RUTLAND WILDUFE TRUST LIMITED (A company Ilmlted by guarantee) Trustees. rnport and financlal stalernents For tho y•ar •ndod 31 IAarch 2022
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST UMITED (A wnpany IlmM•d by guarnnteel Page R•f•r•nc• nd admlnl8trtfv• doth1 the TnbS( its Tru*t••s and thl$•ri Trusts••' r•port Indep•nd•nt ¥udltorn' r•port on th• fln•nclal stat•ments cons0lld•t 5tat•m•nt of final1•1 •thlU Con•olldal•d b81once shwl Trust b•l•nce Jheet 3-25 26-29 30-31 32-33 34-35 Coniolld•ted stalem•nt ol ¢uh flows Not•• to th• finaneial 8t•tern•nl• 37-70
LEICESTERSHIRE AND RUTLANO MLDUFE TRUST UMITED IA company Ilmlt•d by guar•nte•) R•f•r•nc• •nd •dmlfilstrth• d•talls otlh• Tn1 Its Tryst••8 aml •dvls•r¥ Forlh• yvar •nd•d 31 M•r¢h 2022 P•tron• &r Dad AttbOrough OM. CH. CVO. CBE, FRS Lady Gtt0Th DCVO. JP Dr LaUrU Howard KCVO. OBE Vl¢• Prnlldont hAr H F Dtxon FCA (deceased June 2021) r P Lwarfl IAA LLB cour11 of Manag•rn•nt Mr R D Beorr l•hct•d by Hom1¥ of Dr A J 8lde th• Charltyl Mr J Bleby MrA S Moffat Ms IA Morfand (resigned 26 Aprt 2022) MsHMRNott Dr S Petrovan lappolnted 17 Novem1 2021) Ms B Smiih lappolnted 17 Novamber 20211 A J Thprpe (appjinted 17 Novomb•r 20211 Mrs E A Tomlinson Ms A Wilkin (appointed 17 Novwnb•r 20211 Mr P D Willkqms Mr M Youngs (ap1 17 November 20211 Mr A Clarke {resigned 25 August 20211 Di A P Cotton {re33ned 17 November 2021) Ms L M Jones Iresiwgd 19 January 20221 Mr W R Morris Ir9$1gn 17 Wiernbgr 20211 Df I P Selmes Iresiuw)ed 17 November 20211 Comp•ny r•gl8t•r•d numb•r LW61833 Charlty r•glst•r•d numb•r 210531 Reglst•rnd offl The ad IA41 9 Soar Lane Lelcester LEJ SDE Chalr f A aarke (to August 2021) Dr A J BMJle (August- Nov8mber 20211 Mrs E A Tomlinson lfrom November 20211 N•noMry S•cr•tsry Ms M Mortand (to April 2022) Mr P D Wiliams (fnmn April 2022) Honor•ry Tr•a8ur•r Mrs E A TLThnTinson (to November 2021) Mr A J TIK>rpe (from Novernbgr 20211 Chlef Execulfv• Offlc•r Mr T Gt8ham (to November 2021) Mr M A Siryh Ilnlerirnl (Decembor 202110 April 20221 r M Hunt linlerfml Imay 2022- ALyusI 20221 Mr M Carter (from Augusl 20221 Paoe 1
LEICESTERSHIRE AND RUTLAND LDUFE TRUST LIIITED (A ¢omp•ny Ilmll•d by gu•r•nt••) R•f•r•Tr •nd admlnl8lr•tlv• d•t•lkn of th• Trurt tts Trust••$ •nd advl¥•r8 (conllnu•d) For th• y•aY •nd•d 31 M•rch 2022 Ind•p•ndont audltovs PKF Smslh Cooper Audit LiThMte Slalutory Auditors 2 Laca Market Squ8re Nottingham NG1 1P8 8•nk•r• HSBC Bank plc 31 Granby Slreel Leicestsr LEI 6EP Soll¢ltor4 Kr¥t$ PIC 34 Pocwinglon Wa Loices¢ér LW168U Inv•stment Advi••r• Brniin tk4plMn T4 Colton S¢Trwe Le*ester LE1 1QF P8w2
LEICESTERSHIRE AND RUTLAND IJMLDUFE TRUST LIMITED IA company Ilmll•d by gu•rnkn•) Trust••s' r•port For lh• y•ai •nd•d 31 M•r¢h 2D22 Thg CounGI. beiro Truslees an(i diTedors of Le1$trshlre arKI Ruland Wibjlife Trust (the Trust) present Ih8lr annual report together with the alled financial stat8monts ol the Trust for tho 1 Aprm 2021 to 31 March 2022. The Annual report $tsrves t purpose$ of both a TNste8s' r•ptsrt and a direclors, rèport under company law. The Trustees that the Annual rnport and finanual statements of th6 charilablgt company comply with the current $lalutory requirements, the requirements of the charita• companls qoveming document, the pmi8ion5 of Iho Slatemenl of Re)Mmended Prnciice ISORPI ap[lCab]e to charilie8 preparing th8ir accounts in accordance with the Financk41 Reportry StarKSard applublg in th8 UK and Republic of Ireland IFRS10211?ffect6ve l January 201918rKI Il Companles Act 2(J)6. Siru th• group and the Trust qualrFy as smal under tiOn 383 of th& Companlas Act 26. Ihe Group $lraleglc report required of metlium and large wnpanies undw the Companies Act 2( (Stratggk Report and Directors. Report) Ragulatws 2013 has been ornilted. Oblfrctlves and xtlvltl•• Pollcle and obl•¢llv•s Thg Trust works fw tho protoctknn and enhancement of wlditf8 and wld pl¥es in Lelceslershirg and Rulland. The chartty ts dedicatod lo s8cJJriry a future for wildlife, as wel as Impfoviry people's understandlng, aPpreallOn and •njoyment olwihjlrfe by Ca9 out the fdlowing obi8cts: o) For the benefit of Ihg public. lo advatK•. Pfrynots and furth8r Iho (>JnseNatsn. malntenance and protectlon of.. (l) Wildlif6 consider to be worthy of proteclion lor tho pul1¢ nefit. and ts halytals., <11) H8¢e5 of zo0l0ga1. bolanicol. gedogicd OT physiographul valua.. In any ways that are available w) law and in particular, bui not exdusivgty, by PfOmOting bwJversity and naturé con8eNation. bl To advance the edtKatDn ol the public in". <1) The plhclples and practice of sustalnable development., (111 Th8 wlndplBs and pracllce of biodlversSty and n8tUTe conservallon. c> To promote res•8r¢h in 41 branthes of th8 Stwjy of lh• nalural which wtrll bè for the public benefit, and lo record and wblish Ihe usefid results thereof. Our Purpose Our purp08e i8 to brir¥J wildrf• back, to empower people to lake meanlryfvl actKM for nature, and lo create 8ociaty whero nature matter8. Our Vllon Our vlslon Trs of • 1hrtryj natural worfd, wth our wikllrfe arky habitsts playirvJ a Vall rcle In addresslng the dlmale and ecological emergencles. and p•ople Inwred aThJ empowered to lak ackn for naturo. Ourwoik The Trust works to S8feLKbard wdrfe by. Prottrcling precious plaGe Wo c8r8 for 35 n8turo serveS ¢ovemg over 1,300 hedarns (over 3210 8cresl Sp4d across LeItershire and Rutland. From woodL3nd to mèa(IrMs. **lland to healhs. these reseNes contain a rlch varioty of anlmal and plant $pecK8s, many rare. Encouraging peopl8 to onioynalurn We offer ev6rn8 Ihe Ghance to expwlence some of L&Ice$tehIre and Rutland's fantgslic wMdHfo and vAld plac8$, Ilyough our eryagemenl vth, &Uvitie$ and ovenh. ¥olurt••dng. our vlsilor centres. 8NI worklng within our local comnwnitles. InsrIng and educatyro Page 3
LEICESTERShlRE AND RLITLAND MLOUFE TRU8T LIMITED IA company Ilmll•d by gr•Th•) TnMl••J' rnport l¢onllnu•d) Fort y••r •nd•d 31 March 2022 ObJe¢llv•• •nd •cllvlU•• l¢oThtlnu•d We ara passicrnt• atout InspiTiVJ aver. of aH from 41 WgrOurs. to 8NI care lor Mkllrfti and wild places. We offer a broad aThJ varied education programTh with lots ol aGVilS. groups and evenls for familres an¢J chikjren. We work across L•tter5hlre a1 Rullar1 with al communllios and ltures. b•¢au8¢ we beliève Ihal natur8 shOd bo accessible to 1. Research and8uNey Wg monltor. sw(ty and survey ts wathrfB of our COLJntses to klenlfy spocial pkAces ar¥J Important spgdes, t¥ inform martagement and prC4te natura conservatlon. orKI lo piutecl l¢Kal biodN•rslty. Speaking otrt We campaign for W18, protectiry Ihreakned habilats like ¥Adlltrw meadows 8fKI ram 8c$ such as 08préys, otto. bats. arbj water volgs. Publ1¢ 8•n•llt Stat•m•nl The Councl confiim that they have ¢omplled V•rylh the duty in soclion 4 01 the Charthes Aci 2006 to have regard to Ihts Charity Commi98ion'g general guidatKe on public benefit.. Charities 8nd PubliG Benofft.. The TN$t's pubk ben&fft Is eftshrhd in ils charflable ObCts as ouulrkid 8t)vè. The Twst filfils Ils objects and dglivers Ils public benefit through Its core activitie$ ol prolectlry and gnhandng the wNdlWe and ld places of Lelcestershlr• and erq¥rwJ peopjts wilh natwe. b. Grant-m•klng poll¢le• Tho Tru8t operated a small grants scheme ur)d8r 118 TharrTh Fc1 LNiryJ L8ndscap&s" projecL to assist farmers and landowners in thal ar¢a praclical natyre o)nservatiin schemas. c. Charltabl• and Polltlcal Donatlon• Durfng the year the Trust made a donation of £15.005 to Birdif• Intwnalional in respad of tts project"Savln9 th• Holmsted Farnbr. This donatlon C($"{18d fund$ Fa¢s8d by Ihe 2020 Vwlual Blr(Ifair. For reasons explalned elsewhgre in this Amual Roport, ts Twsl has rw ce8sad lo optsrate Btrdfair. and no further donations ol Ihts kind 11 be made. Slr•t•gl¢ Report a. IntrodurAlon The in10mtiOn bekwl, Indlir¥J Revtew of Achi8vements ar Perforrnance. Flnartk41 Revigw. Risk Manag•menl Statsmenl and SurNnary of Futuro Plans, forms the StraC Report for the wrposes of th Companies Act 2006. b. R•vl•w of •chlev•m•nl• and p•rformnce for th• y••r This Annual Report revi8ws period 1 2021 to 31 M8r¢h 2022 and ouuknes the progress and 8chiowJmenls ovor the course ol th8 yew. HilIghts includa.. CelebrabrKJ 25 oflh8 Ruoand OsFry Prw 2001h chkk Securing a wlkyflower meadow for nalure The discovery of Ihe wortd's lary8$1 fossrfi89d ichthyo8aur at Ruttand Waler P•38 4
LEICESTERSHIRE AND RUTLAND WILOUFE TRUST LIMITED (A¢omp•ny Ilmlt•d by gu•rants•l TnMt•M' r•port Iconllnu•dl For th• y•ar •nd•d 31 March 2022 Strat•gle R•port l¢ontlnu•d) ChallervJes include.. Recovering and cal¢hing up across all WO ar8as foknng Iho impact of COVKI and multiple lod(down8 Managing tho fin closure of Birdfair after 31 yearn ol excaptional success Morg dela$ on th• abov• are gn in the tster pwgph& This Report ¢ovef8 th8 Trust's main 8ciivilies and achvÈrnenls in Iwo prinrypal 8traltyic obiedivos: S•lequ•rdlng wlldlme •WdPlac•S Insplrlnqp•ople These key dms arn irrpt•d Into th• Trusfs anN501 work mjentiS the prtorlt69$ for the year, and sets out the work Ihat needs lo be cjrrled out lo #cve thom. Pr(yress against this d8ta118d work plan Is sublect lo regular r8vkw by managenwnl and Iho Councl ol the TrusL The effects of the COVID-19 globa pan(lem¢ coniinued to bo apparent throughout the riod coveTèd by Ihis Annu81 Report. Wh¢r¢ appropriaté. Ihese irnpa¢ts and their mitigal)n TS covered under the InolvbJu81 hèadmgs befow. SAFEGUARDING MLDLIFE AND WILD PLACES Nature R•s•fv The Trusl CUtrTently m&noges 35 n8ture reseryes Cong moTr th8n I.3 heGtsres f3272 0¢$j induthg 19 Sltes olSpe¢ial SdtrntifiG Intgrest (SSSI). N8tlonalNalure R6seNe$ and a Spodal ProteC1k Alpa. The Trusls nafvre prowde prOlKI lor an amaJng thvorw olwldlrfe. somo ram and threaten. as w81185 gmng pgopls Ihg opportunity lo experienc8 and le8m about the rich varffjly of h8bitals Ih81 were once wid•spr•8d. uls Purchase of a 1.45ha ollOwr meadow. cha Meathjw 2 foln9 a SLscces$ful furbdral&ng app&al In 20221. The meadow iy adiacnt to cham¥1 Lodg8 Nare Resarvo and slts thln a mosaic of other gcod quallly me&lows induding an SSSI. 11 i8 therefore part of an Imptsnt wldlife corrKlor. Thanks to a genèrous donation, we were also able lo Sec1 an acrn of land adlacenl to Cossington PAeadows. endIng the reserye. itst man A hug& amount ol effort from staff alld voluntogrs goes inlo practtal nature conservalion Work on Ihts Trust'8 nalLire reserves to ensure th•y rnach th¥ir full natural wt•ntlal as wik16fe hayw. Key d•menls of habll81 managgmenl ¢anied out duriry th• year Incld.. Chamwood LLJge - work to scarce open frealh gra9and hatmtat continued with an exciting trial Using prgs lor bracken control. were mixed: they redu¢&d the strength of tho bracken but did not dear 11. Lea Meadows - groèn hay cJJt tsken a1 spread Èl sardPlIs Lodge la site CA¥d by 8 private landowner) to enatrde gra$and tOr8n. Chas¥ Meadow 2- Shel18nd calue were brought on to graz• meadw. UlveThcTgft - sWNng project und&rtok¥n ty vdunts•ts as part of the Chwnwcod For•sl Regi¢al Park Pr0Ct. Cossirolon meado FlantiTrJ ot h•vAhorn. trfacklknm and l¥Jckthom to create1&4ifV 8Thns beh¥een the footpath and w8der scnpes. Wanlip m•ad0 - • now I8nd for ov•Thvinl•rwwJ wadgrs and wiThSfu*l wa5 created which wlll IpOlU able Avocets to bwd in the fLrture. Pag0 5
LEICESTERSHIRE AND RUTLAND WILOUFE TRUST UMITED (A ¢omp•ny lknll•d ty qu•r•nt••) Trust•u' r•port Icontlnuvdl For tha y•ar •nd•d 31 Ilareh 2022 Str•tsglc R•port {contlnu•d) Ongolng removal of scnkn and rank vegetatKJn al Cribb's Meth. Ketton Quarry and t Hofrwel nature reserye8 to piutect and ènhaw the wkfflower-rth grasdand. Worklng with thyd paty gwers to help car• for the larger grassland re$w86, using graarvj andlor hay cmpplng (M•rrf$ Meadows. Qibb's IAeadow. W0ndhaM Rough and Co¢)mbs Mgadov+31. Hol oxtewon- Woothand anting bhxks have been drawn up grnj a kxèl nursery has been appToach•d to secure Ihe neco4ary stock for tree In AuDJmnfwinteT 2022. Laundo Big Wood. Laundg Park Wood. Pib)rs Copplce. Great M8thble W<M)d - mNtng of rfde5 and ¢oppidng of rklg shrubs lo maintain acce88 aTrJ increase hab)1818tructwe. Tilton cun9- ¢hwing of thts gec4ogal lkns. Trusl's lonwlanding partneh1p wth Anglfjan Waler to rnan ihis lilemationaly import1 welland saw Jriher exlonsNe habitat management during the year includirvJ th8 folky•w.. A w0j1ad projact was abl• to ¢ommence thanks to generou5 lew fdIng. wllh Ihe an11 of SOO new trees in an area of the reservo ch)5e to Ldon Visllor Centre. magernent of the fringing vegetatn on lagom 2 ha$ turned the tland to a mor8 opèn habital, favouring many of tho speoes lor which th• ros8Ne ts fafflous. and th8 reason why tt holds v8rious de$ignalions, such a5 SSSI. 11 has also vaslly inueased Ihe w5 from a nUfflr of hldes, moklng tht M8ilor Oxperience better and the We6S (W&tland Blrd Survey) count nre accurate. Existing Tawny Owl nest boxes Wote reWaced. ready for birds to stsrt findlng terr4knrf0S. Feuing. extracthjn klanting wilh¥i th8 n&wer woo(laThJs opened up the canopy. whkh will allow lor nalural regenèrdlkjn. AddrttoTha ptanting has also taken provKIo a Y+ryder variety of species of Irtts and Shrubs. A sikrificant amounl of limber Igft on sile wll provi(ie do8thvc¥)d hots'tal, whkh will complomenl the stsnding deadwc¥)d and provKl& fantastic h•bital fi)r wrfdlile. Hayrnaking arKI mwing the banks of Iho lagoorts in preparation lorthe arrtV of w?nterirwJ wigeon. R¥ed managem•nt on lagoons 2 ?j 3 and scmb managemtsnt on lagcM)n 2. Island landscaping arKI pradator gaio instauation on Lawon 4 from the ffious winter has re&dted kn 30 fledged Avocet ¢hKks. A lotsl of eKJhl ba(3&rs were vac(4nated as 8 continuan of our rtnershIP work Nolb'nghamshire Wildlif& Trust. Voccinalion work h8$ nrrw gThJed Tru8t propgty. Fk)wever. w8 are contining to work with N0ttinghamshe Wibjlrfe Trust to $p¢t the sèthnwp of a w project are8 Ihal will str•ddSe the NottinghaMshirethS1ér8h8 tAKder. In nds ect• w1re n09ds room to thrlva 8nd must hav8 mom OPtity to Mo 4cmss thg ¢ountysido In ordor to adapt lo whatever Gondltlon5 artse in the future. Llvlng Landscws restorn. rn-creato and fgconnect fragmented habltals to creats 8 sustaale n81th aTrl w nMont fuAf ol wddlmg and rIGh in opportunitlos forlg8ming, health 8nd well4&ry. The Soar and W8ke LivirwJ d$cape ntinO th davelopm•nl of a draft stratsgy and b8s•1ine data. holped by COtal wllh k8y parfrnryJ 8rKI slakehold•r8. A communty nI was held to bring tcgolheir local ¢ornmuni1i&s. landners. parishes, blnesseS and others lo explore vthal a wkler landscape mlghl look like the Wreake Valley ard th6 Soar wea. An expr$& of intsresl for • Nanal Lottery Heritag• FurKI grant scheme was also up. Ch LFVI The Chamwood Forest Landscape Partnership Scheme Is part ol p £3.7 rnlthon Nat1 Lottery H8ritag8 Fund bjnded project wilh 18 IlnkwJ projects and 18 partner organlsatkms. projocl Is runniTrJ from 2020 10 June 2025. 11 is a project c•l•brab"ng the CharrMc¥NJ Forest area wth gac4Jgy being 8 c*ntral topic 8nd there are main Ihenxs.. Empknre Chamwood; Un(kn¢JrwJ ChamW(.. ar#J C•re for Chamwojd. The Trust Pagg 6
LEICESTERSIIRE AND RUTLAND WILDUFE TRUST LIMITED IA company Ilmlt•d ty gu•rnnt••) Tnwt•••' r•port l¢onlInuj For the y•ar •nd•d 31 M•r¢h 2022 str•l•glc R•port leontlnu•d) partTcipales In the project steering group and hès respolb11ty to delN•r vnrk that fomis part of tho Car8 for Chamwood theme, design•d around invc4¥ng peop in managir)o and proto¢ling the landscape. Our work for Ihis tkme 18 dNided into throa main se¢Aions: WiKllif6 RocordKYJ: Spikn sur¥. Grassland Mnagwnt'. Wildlrfe Recordlng.. Owlng to CoMd-19, had to ¢haw our plans Irum on-s11g Iraii¥rfj tt> clIn& tralnlng for wkllife Idenllfication. Thls coryrised monthty idenlrficalkin courses on zoom. We delfvered nln? of these In total. ranging from introduction to insects and wnter tree i(lenlifttth)n to sprlno flower idw)lificalion and common garden binlsotYJ, all of whith w8r¥ reo)rd8d and mèye available lo watch via Iha Trust websile. We dso prc¥lu¢fjd tlownloadable spottor sheets to accompany the training, created w•ekly social medkn1 posls abwt species that make the Chamwood Forest specid. In addthon to this. the Landscape Partnership Schemg has onabled to conllwe to support our ex65liry volunteer toam and WMe new team mombers. Our volunteei team carry oirt knng4em moniforing ol butterfies and bkd$ In thg Chornwoo¢J FOTBSI, arKI Ihls ar contributed over 850 hrMJf¥ of trir tsrne carryirs out SLFrvey3. Tre are plans lo continue with v¢g8t8tMJn monltOFing nexf Ir. Spid8r Survey6'. Survey3 were compleleil on four k•y gles. The snifiCant spedes recorded was the rwtrJnallwarc• mon8splder. Evènski rner•n$, which may a dodrwng $peoes. Thls 5s a rare Wer in Ldcestershtre. with 0Y one e0rd in the CeO)Unty in the last 30 years. n&ar Doni8thoipe. Gr8ssland M¥nag8ment'. The grassland5 prt)j8d aims to Imwovg th• qudity and (wantity of spec>rith gr0s5L9rxl wrfhin Iho Chamwood Forest through improved Magement. Th858 8reBs of habilat, oftgn small, need to be man8g8d Carefulty to ensure that Ihay malnlain a hhJh dhersty of wil(ffiowers. In 2021, 8 total of 48ha ol grasslarnls were suNeyed by Trust staff and vc4unte8rn. The ld suryeyed bek)ng¥J lo nir landown8r51managers. In total 11 volLtnleeT8 carried oyt Surve 99 ov•r 610 hours of their twno. In wJdilk)n to the grassland surveys. the projèct also enatAed us to fr4VO days of trainiTrJ courses. and io purcha88 equipment such as Styl$ and rakes. Training in us• of hand scffts was providod to 11 yo11198T5. one landowner and four Trust staff. The volunte•ts train8d thon conb.nuod to help us manago some of Ihe gras51ands surveyed as part of the [1•¢t, through sWhiTh3. We also managed 44.14ha of grasslands. This invofv8d 8 'cul4nt collecf machinè, swNng, and cuttlng for hay. We tr41d green hay spTeath"ng. together th hand.coll8Ctlng and ¥owing local wJflM 88•Js to inyove speci88 rfN8r8ity on two Sites. For•8 Ivln Lan Work continued on the 88rba$tslle Bal Projèct w) partnership wilh Ihe Ahrton Proi•ct •1 LothlirWI.' Bal detector5 were placed on %wx)dland T15, edges of woodland copses. hedgercws of different sizes. and on 9rassy strips in and around the Launde wcK#Js. Of 338.CNJO record8 of bat actNity. Marty 700 were of barba$le118 bals. Voluntgers al Launde Park Wcthl construd8d 54 Kent-tyP8 bat boxes, Some of whh werg plac8d on the Allerton Estate. in LaundÈ Park Wood, Laun Big Wood and Prb)rfs Coppru. Sur¥w and v•Mrdlng Accurata habitat and specios data are vital to infDmi m¥n8gomfjnt poWd8s, prnctkes and proGgdurns. and help protsGI and onhonc8 bknlNersty. rn r•s•rv There was evldènc8 of a gd breeding year in Ihe use of bam breeding boxes aL¥oss our roseN•s. P3ge 7
LEICESTERSHIRE AND RIITLAND MU)UFE TRUST LIMITED (A comyny Ilmlted ty guarants•l TnMl•M' r•port Icontlnu•d} For the y•ar •nded 31 March 2022 Strat•ql¢ R•port {con¢lnu•d) t• Indu•trhB - Banlon As part of our ono)ing work monitoring thg vildlife and habitsts al Barth)n. wa Mpleted a iarvJe of 8urveys including hedgerows. heatNaThl, grassland. bre&Jin9 birds arKI reptles. A ¢omprehensive report dolalled the findiros of the and recommend9d son adju51merts to site rnanageffnt folowiryd the surv8y results. 8iYrl monStoring-. Tho rrtr)sl SLKcesslul y8ar in the 8rtifick?I sand martin n&sling banks. situ•tod on Lagoons 2 and 5. wTrlh 1.648 sand rnartin chKks reared from the banks. W88S count recordad 1ZJ,003 bwds of 67 spede5. Hhjhlights indLhYed the largest Count of re in 25 years 12,1281. tho largesl count of Pintsd since 200S (288). and the hlghèst ever count of Great White Egret (41). 5,580 bird5 of 51 specie8 Te riryd at Rutland Water durww 2021 rx)mpared with 3.679 in 2020. The Con$lanl Effort Siles (CESI at Lagoon 3 arnl Fd 16 proc88ged 1,113 rs. R&traFyng Adults for Suryival IRASI 8essh)ns for the Sand Martin banks wer• able to restart after missing yoar lo Covi(k19. 342 adts were caught. 8Vh of t bèing rguptures Irorn pulli ringed here or adu118 avghl in prev•)u$ RAS sessbjns. Nesl box monllorfjng of smal hcle nest boxes tho proce$5ed 109 birds. Gull Roost Count. As wlls are mtssed on Ihe montrly Weyand Bird Suryey6 (because trY leav8 the roost before IpJhtl it was deLided that an anr4Jal winler roost counl shOd ¢atri811 out. In January 2022, a team of slaff and vokjnteèrs carvied out the first of such counts arKI r8cord8d over 50.OCrt) gulls including $0rn8 40.000 8lack410ad8d Gulls Iwdl abovo tho Ihrgshold for inl8rnational Importa$) ng wlth 12.51Xt Common Gulls (above t threshold foi na1¥ inportancel. If the roost counts iemaln high ov•r subsequont year5 there wll bo good rea50n lo indudo winleriThJ gull roosts in the siles thsignation - allor(ling the gulls grèatsi protecknn. Wintsr Watèr Rad Survoy- As Water Rails arè an Itiwtant'umbr8118 $p8cies' for reedbèds and indicator of weland habitat quality, it was d&ided thal a spacific Watsr Ilw'l Playback Survey shoukj caryied out during the winter and Spr[1 lo provrde a mtye accurate number of birds present on the site. The survey Used MP3 players to imitate the bird's 115 al t( melr• inteN•ls and elcil a rpOnSO from any bird present in the wetland. A lotsl of41 bird8 responded- n)re than had evgf bn rncord•J on the srte bef. Invertebrates: Aquotic Inverlebrsle sUy- Whle ov•r 80% of Rutsnd Water Nature Resorve Ls a w•Uand, very Ilule is krthvn about the sp8¢les that liv8 in Ihe water. A team of volunlears Yas set up to study the heallh of the elghl lagoons and srnalor pmds by hyentrng fresPwator Invertebratos and 8corkng them based on thek varyin9 toleran¢e$ to aqLotic p)Ilulion. The ongth? wl also help to ¢xeate a bagelne of aquatic invertebrate specios presenl on Ihe site. l)ver 400 species of moth were recorded, 23 of whb are for Reserye, brir4Jir¥J th& over811 numb•r of moth specles recorded on fv sfte to 757. Wilow Em•rakJ Damselfly IChal¢c48stss MrKItsI 15 rmyw confirnd to be bwdirvJ on the Rewvo. New s¢6 ftyjnd through roeor(knrg Survery.. A suNey of mar&¥nal ve9etalK)n in Ihe sumtrnr thnlifed a host of wetland be•lles from the lanlY ChysomelhJa8. known commonty as reed beeS IDona¢iinae). FNe $pg¢ies were recorde(l as new to Ruuand Walor. on8 new to L8i¢estsrshTe and Rtthnd {Donaoa ar*ro0), one wa8 th8 fr'r81 record in Ihe counll88 since 1907 (Do%1& marginatal and arthr (Donacia thalassina) was tha first record since 1895. In thè autumn. o tegm of vdunto8rs was up to r8Mrd lJ••d8s on glo. In just IIwo9 s•ssions through the winter almosl 250 species wefe recorded. induding many scarc• w&tlard spèci81isls. some of which had been r•ctyded only a handlul of MeS in Lokestwshtre a1 Rulknd and fgur of th V+tre new to I counvès. In June. a rare fvnws was r&I WQIVWVJ at th8 edg9 d one of p(Yth h Cherry Woods. P8alhyrella typhae 1$ a Scar spe¢x assrfialed wilh ihe decawng material of twlrv¥hes Typha spp. There ar8 only s8v•n records wth tho N8tiJnal BA)dNersty Ntstwork and just records in thè Kew database. Th Page 8
LEICESTERSHIRE AND RUTLAND IAILDLIFE TRUST LIMITED IA ¢omp•ny Ilmll•d by grIn1••I Tnwt•M' Y•port Iconllnu•d) For tho yw •nd•d 31 Il•r¢h 2022 Slval•gl¢ R•ptsrt (¢onllnu•d) 8pecles 6dBnlOficakn. nthv for Lwcesler8hir8 arnl Ruuarnl. wa8 confirmod by voluntsér 8XP8rt Roy Lemmon after examining spores. A swcimen has SI boon rtrquested by Kaw Garden8 for indUsn in their fung8rium, a referen ¢ol•ction of lurvji conlalning 1.25 mdlion dried speamen8 from ur1 thè world. AdvorA¢y and Inlluonc• A whole rang& ofpoli¢i•s and ¢knsions w? affo¢t our Wife 8nd rf1dpla$. With 8w8raincrn8sing ognculturol. housing, and other dovelopnnl pressurgs in L&i¢•storshlrn and Ruuand. it is cwci81 th81 th8r6 is an effeGtiva volco for vrt7dlll8 at a local. county. and regicjnal leml. rGollN LRWT slls on the Greener &AI steering woup. a neeslablished 0Up of gdfers from various dubs in Leicestershire and RLrtland w) want lo th more for wldlife and thè environmgnl. In Sèptember and Febrlsary. the partnership hekl conferences fof golf chjb repr&qBnlalives about vamus aspects of bKJdiversity and how golf dubs ¢8n do their part to help the natural envlronrnent Tho ¢c4jnb3SOd group Is the only one of its kind in England and is seen a$ a leMat8 by Eryjland (¥f. The group have put a bt of work into getting fundbng for and creating a webse reSrC• whih will offer examp$ adwce lo golf b5 across a rangg ol envSronm8nt81 Issuès. Bl dlv•r•l ralnln W8 ran sessioTrs for over a thzen parbh councls in two countieg lo provid• thèm wth IralnSng (on behall ollunder contract lo LeesterShIr8 Cwnty Councll on their Dblwaalions. powers and opportunities to conserve bio¢liver8ity (which irKIleS a requiremwl under th8 2006 NERC Aet). Local Natu R•¢0 This involves partnership working with Nalurd ErL, Leic88terthtro Cwnty COU1. th8 Nallonal Forest, the Environment Agency, Leicest8r City Councl and CharTrwood Bor0 Counul. 11 Is funded by N8tural England. Lelcestershire County Councl. Nat6onal For•st an(1 TvyUOSS Zoo. Togoth?r we arp working wilh the company FPCR to Cfeale maps exploring Ibjw we mlght hyenlty thg most approprlal? aroas lor t1 proloclion and u•alion ol habi¢al$. Two workshops Invofvir@ more than 40 different slakeholders were held. Tsvycross Zoo so funded research into detsmining Ihe surtabilty of parts of Leicestsr5hire and Rudand for the presen¢0 01 dormice. tEonal Cam Support was provided to vaTPJJ$ Wlolrfe Trust national pelifions and campatgns. including the peliuon lo end the salè of peal and campaign against the Govemment's de¢ision to use a bee-killin9 P8$1icid&, Ihiamethoxam. W also shared information allnd COP26. encouraging our supporters to leam more about climate l$iS and how they can help lobby for acth)n. We ts)ntlnued to Support efforts again8t the buldln9 01 Ihe HS2 railway. w01ng wllh The WMdlif8 Trusts otsr local Twsts. INSPIRING PEOPLE En¢ourng• p•opl• lo •ngag• wlth n•tUM through volunt••rlng Volunteoring pmYSS trin ben6fft$ through imwoved heallh and W4glng. ènd enabl6& LR wr to achiev• more fornatur• conswv8ti0n. LRWT is very appreciative of the hard worK commitment and dedication of all our vdunl88rs, provld& vltal 8UPPOrt by undertaking a wid8 rarye of tasks a¢ross all areas of the Trusvs aclivits and inilialives. T1[ skills and knowledge undefpin our •ChSments and progre As always. our volunie8rs rgmain8d resi11gnt ar#J continued to wtrk as much as posslbkn durfrvJ the yncortalnli88 of Covid. At am twne$ we onSud fvy did 80 in a Covknafe gnvlronmonl. DLtring the war. n•8rty 16,000 v(4unteer r¥ wer• J¢ws Leiceslwshirn and Rulland. Volunteers d8lNered 1,552 hours wrfh i)ur survey arrfl monitoring work ai Rullarbd Wat•r, wh¢h InVod aquatic monitoring, Wo8S IW•lland 8Kd Suryeyl, Broeding Blrd SuN8y. Breeding W&Y•r SuThey. Gul Roost Count, Poge 9
LEICESTERSIIRE AND RLITLAND WILDUFE TRUST LIIrn IA Ilmll•d by qumnt••) TnMt•••' rnport {eDntlnu•d) For the yobr ¢nd•d 31 March 2022 Str•t•gl¢ Roport (¢ontlnu•d butterfty monitrKing. moth IrapixThJ. be•le 0)[. pFant gals. rerAydlng and ants1 suNeyro. The bird group carried out 782 hours arKI thè RutlaThl Oswey volunteers deliveod 2,164 P)urs.' monitoring Iha aebwty of lh6 bird$ a dady basis from durirg th6 osprny w%>n. RullaThl Water Msitor Centre vdunleers carrigd out 2,059 hows at Lyndon Visltor Centre and 1,824 at thg knglian Water Wrdwatchlng Centre. arnl ln our L&ster Office •Jmin ¥olunte0 gave 108 hours. The Wldw Counlryskle vdunl•er tearn in LeFceslershlre with bam OVA and breethng blnj sulveys and hedgerow 8nd healhl•)d survey7 wlh over 262 vdunteer hows spent on bullerfy survfjys 8nd Iransecl work. Across our resèrvos. Lirnestor Group Volunteers lmd8 685 hours of work the K•tton Quarry volunlèer sh8pherd3 (wl7 help monitor the Ketton Ilock) Carried out 260 IrS of work. The Ch8rnwo¢xl Lodg volunleer team cathed out a total of 6.088 hours. W8 conlnued io host trainees on long-tenn placement, with crn based al the Leicester office and h¥0 al RutlarKI Water Nalur8 Reserve. wuNing the 8kilFs and exwrlence neede(I to work in the nature nserVatioN seor whle at the sam• lJme provkylro a vuablg contn"butlon to the TDJst's Mrk. Educallon and Otstr••¢h LRWT believes Ihot It is wtal lo opporturti•8 forpe& to lewn abo¢rt thg natvrnl worfd and Ihg n8ed to EBfeguard ils firture. We have a respwsibility to edu¢gle the noxt goneralwi so thal they in tum play cw¢lalrolè as lulure guarthans olown8turo1 harrt8g6. regls h Work w)linued on our Wd FcK681 SCJMl propct, gernrrAJ8ty supported by pl8yefs of Peopb's Poslcod$ Lottery. Through For881 SetNJol sessions. we enabl8 chldren to have posilNa, hand&on experience8 in the outdoors. connectir@ wilh. arwj learn abwl. lh8 natw81 worfd. The projecl supported 5 school groups. 3 Wild Tots groups ar¥J 5 kyoups of homeweduc8led chdren. Over 170 Wild Tots aNJ Forest S¢lwl 5955ions chldren aged 2 - 16 wem delivefed. We worked Mih a lurlher 7 primary schools and 4 nurseiies. rwhnirvJ Forest SCI1 sessKJn$ ts)Ih In the $ch)ol grounds and off4it•. Work with of th68e 8¢htrS8 was made rrt)ssible thanks lo fuThJing from th8 Central ENJlafyJ Coop8ralive Sowty. and anothef was tha3 to IJIr from Ih Community Foundalion. s part of Ihe WI Forest prcl, we rnn a Wld Art uynpethh)n. Challenr¥ L•icèsler Clty Prtmary school pupls lo create a p¢¢ of art that represented UK wlclife. Tlwrteen schools submitted 59 pieces of art. The lop prize was a wldlifo graffili murd lor thg winnels schcths. W• creot•d a virtuo1 •xhlbition of all of Ihg entriès and a lim84apso vidoo of the painlng ol tho syaffili mur81. nln u• rs Pro The Gi8èn Inlluencers Project funded by Ihe Eme8t Cook Tru8t conlinwd this yew. aim of Ihe ptoject is to inspife groups of young peotA8 to ueale thIed environmental s(Nial aion prot$ within 8chool8. youlh groups and loeal commu1[e$. In the last yaar. 7 gYcrt¥Js h8ve be•n est8bli8h•d. with 79 yourg p• engw and 60 510n$ completed. TY group5 b)Ih raceN•d neaty £51)YJ to luThJ th•ir orooing pfDjecs as a result of S¢8$s1ul largor project granl fundlng appllcaiknns. One group used £360 fvnding to croa1• 2XI native wMaoBr 808d pknlng kits, whh w8re handed to feTrow puplls in the schcd. One group used £380 lunding to create natwo playground bags {WIdle exph)rer kits) kn enurage pupas within th sth)ol to lèam about th8 wiljlito th81 is prgsont wilhin ther sth)ol grounds. WMdlN• Wat¢h Wildfif& W8tch. tho Twsts juriw dub, wovKIo8 V81uabts opportunihes for clikn 8rn1 young wople to oxK end discovtbrlo¢81 wAldlifo 8ndgettdn f[ ltere$llngty& Pagè 10
LEICESTERSHIRE AND RUTtAND WILDUFE TRUST UMITED IA cOMnY Ilmlt•d ty gur•Thts•) TnMloM' r•port (¢ontlnu•d} For tho y•¥r •nthd 31 W•r¢h 2022 str•t•glc R•port leontlnu¢dl The ongoino Wildlife Watch groups continued to meet OLrtsido. su.9¢1 to Covi&secur8 measure8. Thera were 21 meelings engaging wmh a tow over thts yèar of 54 Childn. chihJr8n aro regular attendees and LRWT Family Members who have been worklw towards a Wldrfe Watch award. Wrfdllfe Wotch188der Iralning was al held in peOn for three new volmtoors. Ev•nt• and a¢tlvllhs for all and bacl¢grounds Conn8cling peo& wilh nature is es$6ntio1 lo Saleguarduw it. Delwering a mn99 of intero8ting and im89inali¥o ov8nts and a¢tiwtns wdl enable people of all 8g•s and backgmunds to exp8rf8n¢a and enjoy the Idlife ofLdcestershlrn ènd Rutland first hand, and g&n ? groaterwre4tiOft and Unde13ndIng of nalure. l•er The Trust's sèvèn Local Groups Chamwood. Great Bowden. Humberstone. Oadby & Wigslon, Mèlton Mowbray, North Wesl and Rudand as wall as the 8ifrfiat8tl LerAslershiTe and Ruuand Badgèr Group remained active throughout the year providing a valuable community prese and focus with popular programmgs of talks. walks and various fund-raising aclbwties. Folknwg the SLKCeSS of the Local Group online talks held last year during lo¢kdown. the groups conb'nued to hold events or11 duriry the first part of the year, with 32 talks tskhg place and 1.754 people att9ndkng. Towath trt end of t year. Several groups resumed face-to.face ever¢ts. with 13 tsks aThJ walks held. Wild Play in the school hdhlay6 was ablg lo rnsume thi5 yvar Covld-securo musureg èt Burbag Commn, HinckleyaTrJ Attenboro ArboTetum, Leicester: Elghl Wild aY sessions were delwernd at Burbage Comn¥Jn {in partnershlp with Hlnckley and Bosworth Borough Council) w(th a total of 71 child atterldances. 14 Wild Pky sessions werè delivered al Alt8nl)Orojh Arboretum in Leic88ter 8Uppted by Leicast•r City Council's Covid Securo Communiknes Fund. Over 65 famili95 attended Wld Play s¢s$i(, wth a totat 01201 thikl attondances. 50% of tse families 8ttende(f 2 or nx)ro Wld A•y s•s$ions, and $8vorn1 attended 3- 5 $8sslons betsve•n June and octur. Ke51rel Award sessions were trk?Ilod wlth se5skns wnning at Ruttarvj Wator th fvo chldr8n attendlng. A Family Member Wlllow Lanlem event in October hawtemi was atte1&d by slx famlli8s. Two ol the planned Famlly Mernber events did take place due to CoviLk19 staff illness or re$tricllon$. The adLlI Festivo Wilh)w Worksliop at AttenboroLgh Arborelum was fulty twked with 12 people. •t•r •v In total 73 publ ovenls were hdd al Rutland Water urKler CovthetsJr8 guhleliM8. with 1679 8ttendee8. Time in Nature, in partnefship with Ag• UK, resumod in May. Particijants werts welcomed into the cenlre lo $pgnd time 8ryoyiry the vtews in the new seating area. before joining volunt¢•rs in Teal hide lo watch wildlife and sharo sloties. In lotd. ov•r lfy) participants look part, whh over 90 I)UrS of vOluntr Ilma. Thaso sgssions gernratsd £1.148 incorne for the Trust. Over wintsr, we trlallgd new inftktfves lo 8ncourag• PaOFlè to spend ltsne at LOn Vosilor C8ntre. On9 of th088 was our weekly Adt Craft Cljb. wharè attendees hiin for a few hours to work on a personal craft pmject, or for a collethe activity. So far, dub have Iried TrynakirwJ. lirtspthting and p•per- maklng. Craft Club has soen jug1 over 50 parbTrp•nls since il slarted. Comm r•ich Several gukled walk$ and activitt k)ok pjace to •ThJage lo¢al communlty groups, In¢JL*Jlng gulded walks at Crlbb's Me8dow for the RuU8nd Natur81 History Soclety, 81 Holw•l RoseNe for t1 Kefvrn U3A, and al Launde Paik Wotsd in partnership with Abbey. In addition. a number ol talks within th• community hdped to raise aw8reness of the Trust's work, indudir4J talk$ for Halhom Churth. Somerby Gorden Society, Ltrthslgr Literary and Phllosophi¢81 So¢iety and Burbago H•rilag0 Group, and a prgsentalh?n was gNen 88 part of Rulland County C,5 Climate Aclion programmé. Pago 11
LEICESTERSHIRE AND RUTLAND MLDUFE TRUST UMITED IA company Ilmlt•d by warnnts•) t0. r•port IrtInU•d) For th• y••r •ndBd 31 Mah 2022 3tr•l•glc Report IMn¢lnu•d) Work wilh local organt8atM)ns Thluded re¢))rdiThJ a gLMded w4lk for the'Explore the Soar'_ Lernster Clty Council Walk F8StNal - a1 advisffffj Blaby Church on wShJThywèr meathjw managernont. W8 $UPPOrt•d a PhD s¢ud¢nt from Leicester Universty a plastics Study at Narborough Bf>J inviled a group of studenlg from Notlingham Trent UnNersty lo Ruland Waler Natuo Rer¥0. where ttY parttclpaled in a weU8ThJ bird Survey and bwd Id8nllfkallJn activlty. Support was prowded lo various Wildlife T1 notK)n81 campaigns end aclNilres induth'rvJ WAd About Gard8ns d A¢ln lor In$t5. ¢)4ei 2,700 househokys partKtpated in30 Days Wdd, vh)th was our highe51 number of particpanls ever. We also supported the Wildlrfe Trust's annul fundraising event. Blo Wrfd Walk, duriry thts Octobèr half4oim. In Lwceslorshire and Rutland, 33 p808 took part and rèisbd over £480. Blrdfalr In October 2021, after 31 JèTS of Successf events. the TrLtyt m•Je th8 sad deaon to Cease operallng Birdfair. Ther8 w8r8 a nurnbef of reasons behind this (18(asion. Blrdfalf over three decades r81sed over £5 mill for overseas consoryatlon wolec15, arKt 11 Is 3 record of which the Trust Is exlrerrly pro(Kl. However. as explairnd In Previou$ Annual Reports. onset of the Covid-19 global pandern cessit0¢¥d the cancellallon of the event In 2020. 8Th1 ihe conllnuatbn of knkdown re$lrklkJns made holding OnI impossiblg in 2021. Tho Tntst8es d•cthd at tha tim• of first carKeMalion that n vw of tho pot•nttal that 8irdfair had for connecting the Trust wer and morv diverse audierw&, and for focusir4J on toca as well as intemation81 Conserva0 efforls. I1 Tnl woubj conlinu• to and prnpare for a Tetum lo largMcal8 op8n4r evt¥. AS $xplained in the last Annual Report. wr Birdfair leam worked hard to producè an extrtsmely suce•ssfiJl 'Viriual Birdla during 2020. whth help&J keep the momentum of Birdfair afwe. Cc¥nlro out of Covkl restrk140ns. Ttte¥ then had to d•cKle Iv)w 8irdlalr woukl look in fiJtui8. Piitsr ts the pandemi¢, Trustees h•J already been di8aBslng tho IM[8 of evdviThJ Birdl8lr into an event whlch had 8 better fft with ttrK Trusfs overall mlssp)rtr. Ai the sam8 lime ther& were concgms about the Impact Ih31 continuing to ts>kl the evenl 8t Rud8nd Water Nature Rese was having on ground compaction. 11 was 8180 felt thal the ev8nl in future woufd rwd lo move away from one whKh h8d 8 slror¥J locus on intemaitonal travel, as s••n 8t Birdfairs In Ihe past, in vigw of Ihe Climate Grisis and Ihe carbon foolpr5nl ol the travel v0fved. in IKtth event Itself and the servkes being prornted Ihere. Trustee$ were also ca)rmed Ihal in a lar riskigr enNknnmnl. post£ovkl, wh8n carttmalions and logislkal protlems could be far mern Prevent Ihan in Ihe pas1. contmuing to hdd the evenl would place an unacceptable burden on Ihe Tru81. The Tru51 had athys bom the fu15 expenses and1>3bilili88 ol •venl in thg pa81. and had never rgcefved any monoy from IL With ttus new inheront uncertainty. tho Ve1 of risk irwofved becomg dwficull t¢ jusufy, if the Trust were to Contin to deliver Su5$ty all its charil8bK8 Ot4IW'ons. Fundlng was rethed from the Natlonal Lottery Heritage Fund to try to find è rthv fornial and governance structure for the event, indudirvj Ihe F)ssibility ol parlnersF¥'p nvdvement lo spr8•J risk. but uhirnalely this foled. Aftgr detailed delthralkrfb, and ¥Thng in 811 th8 lactors Mted above, ihe Truste¢8 decided in October 2021 that to continue to run the event VY)ukl pul the Trust in ¥b untsnabl8 p08itK)n ol r15k ar1 il would Ihereforo ease to run Birdfalf. This was a Sad day for 8véryrne involvad. and we wero partia unhappy to have to say goodbp to dethcated Bir(Ifair tsam wcrted 80 Iwd a1 so suc¢essfuUyov•r manyyeaTS. The fln81 donallon male by the Trust in rnspect of Birdlalr w8s an amount of £15.( whlch was ralsed durlDg Vlrtual Blthlr for Bkdlrf• Int•rnatbTral's ProJBGt Eryvlng Holmotsd Fr1r. TNS amourn wa8 over to that Organation in December 2021. Page 12
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST LIMITED (A compaThy Ilmll•d by gu•r•nt••l TnMle••' r•port l¢ontlnu•d) Fortho y••r ended 31 Mareh 2022 8trnt•gle R•port (contlnu•d) Rutland O•pr•y ProJ•¢t The Rulland Osprey Proj&ct, a Partnersh belw8en LRWT and Ary1n W8ler. has 8UGce&sfully 8sl•blish8d a breIng ¢olonyolospreys in Rutland. Thg pn48cl has gen8fat8da huge amounl ofpublicinterest and attracts a hwh volume of vlsilors ev8ryyearlo Lyndon Viwtorcentre. The proiecl has been able to ongago wilh a range 01 P80ple and tknr v8luable opportunibes to broadon knoMl8dq8 and undorsf8ndlng of ospreys •nd tha natural wortd. The Ruttand Osprey Project celebrnled 25 )015 slnce it began hatchirvJ of the 200th Ghlck. The Manlon Bay Ospreys. Maya and 33111, paired up for Ihe S?nth conseNilive year and successlully r8ared tsvo chicks, male and a female. Seventeen chicks were reared from sovon nes18 in tha surroundiw 18ThJsc8pe arKI 30 birds returned lo Rulland overall (iK4uding Rutland birds thai wore sighlod olsewhor8 in Ihe UK). The Rutland 05pr•y P)$¢1 of the T1 websitè provhl8d o)mprthn8Trve knformation on Ihe behaviour of the ospreys through the INe b¢aM footag6 ol t1 osprey nest in the Manion Bay èffja ol the R8seM. This ar we Instalted new camera equipment, folth¥irvJ a successful fvndraising appeal held In th8 previous year. The new camera streams her-qu81ty video footage and the abilty to zth)m, pan and tilt the camera. 11 also and incorporates sourKI. enatllng eWerS were to h8ar Iho osN8>s on Ihe rhesl. Thls r. the webcam had almost 1 mlllknn vltsws. Educatlon Worfd Osprey Week (WOW) in March saw a h3h demand for school 8988mblies, onlinè prosentatbons and adLdt talks. Osproy edltstional materlals, 8cb"vilw. tsGts w80$ w8r8 shared through LRWT social merjia ¢hannols and the Trusl website, and over 170 people Swed up k) p8rb"cipal8 from homB. Throughoul the o$prey season. over 2,9JO students aged 6 ~ 16 wgrg eTrJ8g8d with presenlallons. eitlwr 'lfve' In their $¢hool or at Lyndon Visitor Centre, or vla Zoom. Twentrlour schools, uth organ5881ion5, wikllile dubs. gTOUPS and one 9roup of home-8ducaled children and parents look advantage of ono or of our pr¢sentatic&ns and programm88. Tèams of Osproy Ambassad$, drawn mainty from local s¢hoc4$ 4ad ba8&ft about 9 and 14. ar8 formed each season. and 'refreshèd'. as young people cange schools or expTrss 8 wish lo leave at th& end of the summer. We meet with them and thelr parents, On 8 month a Sunday 8ftemoon. from March to Juty, wlth an 'ond of soason. paty September. L ndon Vl•ltor Centre AS we carne out of lockdown mvjway Ihrwh April. Lsryth Viqitcrf Contre was abb to reopBn folbwing th building refresh and redecoratKJn ¢arrk?d out ihe previDUS wintsr. In lolal. tearn wdcA)med 24.159 visitors- the most we have seen in one year SIre 2018. Thi8 has 450 been the fir8t year w8 h&ve trialled oponing the Centre all y8ar round. wllh openlry h)Uryd o11Mpm. The wbliG. vohJnteer and member support lor thls has bn posltlve, and In the Pfjfk)d of September to M8rGh we W over 8,600 vtsltors. W• 81$0 exparxled our r8ng& of products al Lyndon, In lin8 wilh our ethos of prorrotirwj and suslain8Lle shopping. Sales In cards artd slallonery are th• h¥hesl they hav• ever been, th wel over 1.OTrJ items purchasad, and ovgr 1.500 lubs of local ice cream wo sold. We also opened a rw seaiirvJ at*a 8rKI startod lo s1 locan{0a$Ied coffee and h•ndmode cake, knadirwJ to over 1.000 sltis of cak• boing sold arKI 2.500 drinks poured. EnJoyable. Inforrn•tlvo and S•f• Natur• R•Mrv•• LR nalure r&sèrv8$ affj our MostpreCs $01¢e gnd also our $17owc•ses. Tho opportuThti8s to maximise their value lorboth people and 4wldrf• shoukl be eXOr9d. Trust $taff and voiunte8r teom8 worked conslanlty thro the to maintain paths, Iraus, l¢nces. gates, InteratiOn boarits and viewir4J areas. The ypar h88 s•en varfous works hicluding: Cutting back and slrimmlng hlde entran$ vkn%, as well as Wound ber89 lo maintain xco8s across RullaThJ Wat8r Nature Reservè. Ramp improvem8nl$ on Fi8ldfgr8 hhJ• al Ruljarvj Watsr Natuffj Fieserve. A Iltter lence al wa1P Mea¢kNs Snslakd Io pwo¥ent 10r from Inundallnp tha reservg. Page 13
LEICESTERSHIRE AND RUTLAND WLDUFE TRUST UMITED (A ¢onw•ny lknlt•d by w•rants•) TnMla•s' rnport (contlnu•d) For th• y•ar •nd•d 31 PAv¢h 2022 Str•l•pl¢ R•port lcontlnu•dl At Cosslryton Meadows. lurther acces8 knpr0Vents to ts fmths u8ifKd Crhed granfte to fill wet al5 and po1hole8. Improvemnts to driveway at ChomwcJd Lodge. VoluNt••r Tr•inlng C•ntr• The Volunl•er Trnininq Cenfrn fvfc) olTer3 an exthtiw twportuiity to d&fver an 8ff•ctM hub forprKlical naturft consoNo1ion and rvGLvthng a1 tryIng at R¢rtland W8ler. and oth8r nature fft88rves in Lei¢estershlm and P05t-CovhJ restrictions. were able to reln51ate some of our vdunteer Ih8nk you, events thi8 year. SLKh as our 'Fe$tive Gel Tcseth8rf al our Volunteer TnIng Cenlr8 and our vary powEar'Cuppa. Cake and Catch-up. whi¢h was a greal opportunity for Mvofunteer5 to be togeth8r again aftol a diffrult Iwo years. We Introduced Wild WeAb•irwJ Days. al Rutlarwj Wal8r for wporalo groups lo S the day Immersed In nature. stsrting and finish9 at th8 C. Our Iwsl sesslons were wth group$ from Mollon kqowbray Buildirvj So¢ty. Communlcatlon• A strong PADfile andpre8ence are ?wntial in Ihe modem ¥yld to ensure LRGan Infomi Pe9, and gngage them with its work. Our communlcalion work has been uitical in èThJayng slaff. ¥teers, rnembws and supportars with our work. Uslng varfous communical)n channels. ith Onkn" aTrJ offi1r, we have been abbe lo communicate key me8sages. grow our reach aryl o)ntinue to buikl our profle. 0 Annual Rewew, ma9azlne and fortnighuy emal newslotters cOntiTr lo kYovMJe rear communlcallon and upd8te$ lor members. We have also used em1 lo engage Wlh contacts who ore nol yet members, and used vahou$ lead generalbn meihods to gather new amal dala. We NJ44 have over S.3LYJ supporter em311 contacl$, a growth of 3,300 sinc 2020. and Ihis resource continues to grow. Th6 LRWT wpbsito is a highty viyted platfom, and is us8d to shar8 bbgs. nows and Inf0MtIOn. Our high&st numbèr of visitors at one time peaked at 132.186 in May 2021 tts the popularity of Ihe ospr8y webcam. Thls year we also devdop8d an orjirte shop through the website and L4uncld osprey Sponsorsh packs vAth proceads suppOng the 05prey Prw So far. we hav6 scld 22 sponsorship packs totaming £660. The number8 of fc4lowers conlnue to rfse ac¥oss LRl+Yf sodal media platfomi8. Facebook lo1)w8rs hav8 increased by 2.086 to 6.480. Inst•Jrnm by 790 to 2.770 and Twitler by 528 to 9.630. The f0s5ilised remalns of Britakn's laigosl ichlhsrjsaur, 1rty krthyn 8 'Sea Drapn,, were discove ot Ruljand Watw Nature Rose in earfy 2021, and news shared with the publK In late 2021. 11 is the biygest and most ¢omFdete skdeton ol its kind found to dat• in Ihe UK and is so thout to bo the firsl hIhy0$auT of its specles lound kn tho county. ththyo88ur was discovarnd during th• roub.no draining of a lagoon island for rlandsCaping. The excavation of the fossd featur on BBC Dygry tor Brilawi Ihe story of the dhcov¢ry had Intornational coverage. includry news outlets in Koroa. the US, Spain Dubai whith pthd up the story. Th8 story wa$ also on nattonal n5 stalKXW - ITV, 88C arKI Sky. f)48rdl we recorded lusl over 60 dKf8rent 8ppe8ranc*s of the Sry xross TV. radh). Onlino news arKI printed n8ws, publcislng the Trust. TIMS year. w& have been on irry0¥9 our relabons. We had 79 recorded n8ws siorles in addI16on to Ihe Sea Dragon coverag•. The nows of Ihe 2(MJth osprey Ghi¢k was enthu&astically Tg¢0iveil, and tF aellat of BSr(Ifalr ¢overage across local and n8lbMI rad. TV and oth•r nèws medla, with gwLer8lly rrilivo oxplwtions of lh& Trust's dock8ion. P0 14
LEICESTERSHIRE AND RUTLAND IMLDUFE TRU87 LIMITED IA Comp Ilmlt•d by 9nlI TTu•t••s' r•pDrt (cgTrllnu•d) For the yo•r •nd•d 31 Mar¢h 2022 Str•t•glc R•port Icontlnu•d) 8randln Togelhar wh our felthv Wldlife Trusts. laUndd an ulated var8ion of our 'Badgerf 1090 in F•bruary. Followng o)nsuStation over ts last f8w yaars m&mbgrs arJ suptMxtsTs from acr088 The Wildlife Truyts mvemont. the current braThng was gen a I. nwjdem look. DEVELOPING AND BROADENING THE TRUST'8 SUPPORT 8ASE In ordar Io G8ny out ks work any chanty n$ a strong ond enthusi8stK supwl ba, and LRWT is no éxception. Members are the lrfeblchxl of LRWT. ¢ontributV47 in m8ny dIfffil ways- pmvi(ng inGome. glving lunte8r ho. offering moral support and trxerung influence. A committed and 8ngaQ8d memb8rship that is repr&s8ntafive ol th• bc81 community is wtal to Ihe suc¢6s$ 01 th• Tnist. In addition. Support from donors, lSIneSS•$ and legaws is Grucial to g6neralin9 income to supwrt the Trusts vth. All Ihese elemtrrts complemonl Ihe central C olrtsour¢• pDvitled by the Trusf st•ff wgVemanC6 structures. LRWT is lortunale to r•cer4o support from many diffar8nt and St 18 extrgThJly tsvateful lo all those help us kn our work, In YwaY they ctr>)se. Membtrrshlp Increa$e(I signlfKanlly thls r. a nel ir850 011,525 new members we •ThJed Ihg year on 17,910 (compared lo 16.385 in 2021). This y8•r, wo Iriallgd S•ra1 now m•mbwshlp recNilnI molhLts. ulilisiNd paid advertistrwj Ihrough Facèl)ook, and running or4ine promolh)ns. We gave a gift of a box of segdbals every new membership in June and Augu81, offered 30% off membership to anyon8 who to)k w in 30 Days Witd. and for thè fourth year running, we held a hallrica sale througlw January. Th6 varmyjs prOmotnS mutted in 259 new m6mbeTs and the paid odvertsstng hdped ncr•ase awargnos¥ and digital sillrH through our websTI6. We also trtajled a 'dooT drop.. where we sent a local wlo4if8 survey and membershlp lorm to hous8hohls in Ihg Charnwood ar•a of Leusbrshlre. We wtwked w6th five Olher Wl¢Jrfè Trusts on a (l&sign already 1rled aTrJ tested. The process resutted on ov•r 300 new Tnomberships and 2.200 responses to tha survoy, therefo rai$lng our profile lo a Ngh nurnber of househokls. In Èny year, without our membors. LRWT vh)ufd not exist. The es88nlial support prvvida and the vital financlal rosourc85 ttY contribute k8 gr•ally apprfjciated. Fundr Isln We ran a fundrausing appèa in celebration of our 65th annfverEary. in thlch wo 88ked for donations to help o)ver the increasing costs we in earing for ow rwluro rgserves. This received a very gonerous respo• aThJ raised jusl ovor £23,000 linduding Grfl AKJI. Thls year we akn applied for Bh3 Givo Match Fund campalgn. open to any environmentsl charllie$ to lun a fyndralslng appe and recalve match lunding. We wer? accepted to havo up to £2,500 malch-funded. We 3sked fcr donations to hdp'Pr0lI pur Pouinatots. and faS8ed £S.843 {incIng malth fvnd¥). TtrHs year welcomsd five ngw Corwate members ard had iwo existing members rgnow for a second year. We also recaNed (knnations from a number of ctyporate supporters acroys a rany of induBlrie$. Boyotxl corporate membarship, have grown our partnetship with ma0n Buildinp Society, Wh during this year funded tha production of our new Nabjre Reserv68 Guhlo, attended two Wollbeing Days, helped wtlh tree pl8nb.ng al Rutland Water. and sel up a mombership promotion. They hav• aL80 committed lo fundirKJ educalion programme8 In 2022-23. We have developed a n8w partnershlp i•Jlth kIety$ P* w. as wdl as Joining os corporats rnembers. are wnnlng a scheme in which they have committed to gve £1 S) the Twsl for evw piec4 of th•ir packaging sgnt Pag• 15
LEICESTERSHIRE AND RLrrLANO MLDUFE TRUST UMITED IA ConY Ilmlled by gu•rnrtw) TNg1••s' T•POrt {contlnu•d) For th• y••r 8ndod 31 MNrch 2022 Strt•glc R•port Icontlnu•d) b•Sf for re. ¢ nd m•mori•l fundln We launched a new service with a tnY called Guarthan Angol. whkh alkTWS our 8UPPOrter8 to Jat up a free Will, whether okn8, by phon8. or In person. and ancouraqos Ihern to pkd98 to leave a donathon to LRWT In Ihglr Wlll in r&tum lallhough is rwJl corTwIWI. So far. IIw8 has r85ult8d in thr99 w1$ Greatgd uslng Ih service. h¥0 with pledges worth £173.OtKI. LRWT is •spec ale1u1 for th• of sUprtoIS ronbr ts Trust in thèir wi115, and p&"c3Y in thè last year the late James BanfJ. Sheha Margaret Bockingham. Valewie Gates, Norm8n Ajan Hall. Gordon Howkins. Had8 Maud Kingslon, Barbara Kay Pochin arJ Andrea Susan T•butt. Wè aré also graklul to hovo rè¢eNtd a number of donat6 from friands and lamly In m•mory of bved ona8. Legacies and In Memoriam natlS mak• a tr•m•ndous diffèrènce to the amount ol cons8rva¢K)n work Ihts Tru8t is able lo achte¥6. Supportlng Lelcesternhlre •nd Rutland Wlldllh Trust The Trust iolles the SUPFK)rt atKI loyalty ol Jr members: the d&Jkatsd th of I gmups ttwl PTovlde guided watk8, leclures and t4ks. lundraising and swal events throughout the year. Wildlife Wakh groups that orgar41s• a¢lltlS lof our luw memljers,. 8rvJ more 540 volunt•ern who aro hwclved In virtualy every aspect of the Trust's work. Tha financial slaloments of thg Trust irK4tyJ• am monetsry lrnn53(knns. wi partiC4Aar donatnS and simllar ¢onlributions, but Ihe value of the tim8 and efforts of the hulred¥ of unpaid volunleers who 8UPPOrt the wofk of the Trusl Is not quanlifled. The Trust's volunteer3 a active in numerous areas of Ihe Trusys work. Thèy provlde major assistance. indudin9 in areas such as cons0411¢n V•t1, wldlile mormtorij and recording. retail a¢tivib68. adminlstrallon, Id-raIsi[V), ttmmunity awaterSs, youth invdvement, govemance. aThJ finanThal and technical I and help. ActNrties such as the Rulland Osprey Project woukl not be possible wthout the lai90 number of volunteer IK)urs trIbUted. In atl. we estimate more than 16.01)) vdunleer hours across tha whole of tha Trust's work weie given during the ar. As spedfied by the Charltles SORP {FRS 102). no monetsry value Is put on such ¢tbUton$. varled 88 they are, nor (bes Ihe Trust feel il is helpfLd or productive do so. Howover. ihe sheer scal8 of vc1unlee. input is de?r. 11 Is Ihorèforn appropriats that this help is formalty xkn¢xrfedged. and gratitude expressèd, for whal our vclunteers help Ihe Trust to ¥hlovo. Th¢ part pkqy¢d by volunteers remains a vilal eknent of lhe Twst's work. and Such gra8swToots xtbwty. the continsJirvJ success of the Twst would Th)t be possible. The Tru81 gratgfvty a01ge$ al th0 WI have thofr supwt over 202112022, KLjIng a range of busin•ss•s OryanLsalto. Impprtant chang•s In sl•ff •nd gov•rn•nc• Yol Chi8lExeculNe OIfiGOr (CEO).. Tim Grah8m. was appKJinted CEO in November 2019 resvJn•d his post left ihe Trust in November 2021. MiThJful of nggd to onsure cortlnued offecllve 18adétship, as well as keoplrvj ¢he organls3lton on a stable foollng while il recovered from the impacts of the pandem. th8 Tru$hes appointed an Interim CEO whl$l rectuitment exercise was wied out to id8nb.fy x eaThJ•Jale for the permanent rol•. chael SlrwJh took up as Interim CEO in Decarnber 2021 but unfortunJtety had to step dothty) for trthllh reasons in Apn'l 2022. He was reacad in thg Inlorim CEO rde by Matin Hunl. The Twsf5 now pormorwnl CEO. M81 Cwlgr. came Post on 30th Auw$12022. P48 16
LEICESTERSHIRE AND RUTLANO MLDUFE TRUST UMITEO IA COmnY Hmlt•d ty grInt••} TnMt••s' r•prJrt IcontlTru•d) F+X th• y•ar •nd•d 31 PA•r¢h 2022 Slr•t•glc Report {¢ontlnu•dl Conwany se18. After many years of exceptional contributhjn lo the Trusfs mission a$ an Honorary offr, Maggie Morland stepped dovm 08 Honorary Secrntary in April 2022. Peter Wilh?m8 succeeds her In that rolo. The Trustfjgs would Ilke to express Ih81r appredatkn to all Ihese Indhklualg for thèir (>)ntribUTr to thg work of th8 Trust duriry their respe1ve lonures. FIn•TraI r•vl•w . ¢)v•r•ll r•8ult8 lor th• y••r The Consdidated Slalement of FinarKk?l Activiti85 for tho Tru$l and 11$ subsi(Irary, L61f951ershire Wildlife (Sal88) Limited, (together ¢onsliluling The Group'i shows a net red110 in funds for the year of £249.396 12021.. r6a8e in funds £431,512) aftar fevaluation of investments. and total res•rv•s of £5,413,378 {2019'. £5.662.7741. The Trust's core Incom8. obtsined vla membership subscriptn$. donations and lega¢ias, allows the Tru8t to contlwe its cèntral work of m8lntslnlNJ and expanding its nature reserves and carrying on Its educatbnal and advocacy wr)rk. Other sourcgs of ful1n9 fyceNod duriro th• ar8 In Ihe m8ln applled to spethc proig¢ts, generalkng matrhlno expenditure. The results for Ihe year, showing on exc8ss of exp¢nditure over income lore tax, transfers b•eeTh lunds and various gains and loss&s on unrgstridJ of £201.51512021.. surplus £146.1231, arg in lino with th8 Trust's OPeTalKJnal budget. budget was set with an aSsumptn of ullising around £180.000 (£173.162 was actual utilisedl of the de&gnatod Trust Development Fund to cover r)ew support staff posts and costs to enhanc8 busin•ss developmanl in a number of key stratsgic areas to help build b afttsr the siwificanl impacts from obal COVID-19 pandemic. These aim to, over time, inueaso our granl r6vonue8, dNn this year by 36Vo as Ihe signlficanl covid support grants in 2021 wer8 not replicated. ConnUe lo protect arvj onhance th8 momb8r8hlp revgnugs whlch gréw by 7% ov8r 2021 desplte the chaNenglrwJ conditions. The other significant change on Incorne was that l¥gacy Income. whlch by tts TlUre Is voiatilo and unpredthble, was dn 36%. Th8 consolldeted balance ¥he•l 81 thtr yearvend continues lo show the Group rn a strong èssgt posllion. Cash balan¢95. alllb)ugh duwn, wll allow the Group lo continue to invest in busin•ss devekjpment for Ihe next ypar or . #nd also provide the lead4imo rnoded to start g8netat5ng tho incr¢ase in unrestricted income slre8ms Jrising from Ihis and eartler inv•stmenL The unrest1•d firbancial roswves of ltr Group ara dls¢uss8d below. The prirK¥pal aclivty of th8 wtrKtrowned subsldiwy. L8icester8hire Wldlrfe IS8lesl Limllod. is natur8 conservation ctsnlracts and wrfdrfe nSUltancy. retaliry operalions. 11 has also previousty run lh8 annuAI Birdfair at Rulland W818r. Thg subsidlary made ovgrall Ios5 for the year. b6for8 tsx, of £7.798 (2021.. £23.3481. aNI rn donatlon was made in Ihe year to Ihe trust under Grft {2021.. £nll. The aclrviiles related lo the subsldiarys owr8tknns 81 RuU•nd W8tsr Nature Reserv2, In¢ludir¥J Its relall aclNilies made a profil of £28,601 12021.. loss £4.2011. Th¥ sfgnificant improvement wgs ljrgoly due lo 8 bounce4)a¢k in ret81 aththes orJ ogprey crutses whith had beon rgY curta11 due lo Covi&19 In the wbr year. Birdf8ir was established by Ihe Trust in 1989 a wew to en¢ourngbng greater 5UPPOrt for intemattonal ColerVatiOn proj•¢ts. To thi$ end, the subsidiary donated dl the profft8 from each Blrdfair to cons8rvaiion inlliatN88. Follcw4ing the transforrnalion of tho 2020 event inlo a Virtual 8irdfairf, th coninuètlon of lockdown slrictions Mi earty 2021 made hok19 the event impossie during 2021. Than in Octob8r 2021 Ihe Trust made the sad decision to cease operaurw Birdlair las descrfbed mor8 ILAly eartltsr in this rnportl. Work hod conllnued, fuThJed party by a Natkinal Lott Heritag• Fund grant. to try lo rd a new format and yovemancè slruGlure bul fcltowing th• decÉsion to cease event all Blrdlair adTvitb$ weTo wound do. inclutjkng unfortunately h•ving to mako three staff redund•nL For year ended 31 March 2022. Blrdfèir m8de 8 Pap 17
LEICESTERSHIRE AND RUTLAND WILOLIFE TRUST LIMITED (A company Ilmft•d by guw•ntsol Tntyl••s' r•ptsrt (conllnu•dl For the year •rKbod 31 2022 loss of£36,39912021: knss £19.147}. 1118 the Intention of the Trustees and the dirnctors of LeKest8rshwe Wiklife Isabsl Llmited that ovfjr th8 coming year the subsidiary Mll seek to recyjver fvrther wind in ts continuing aCtmt with a view to beNvJ able lo resume making 14¥trl)ubww to ils p•r•nt ¢ompy ¢¢)ur8e. The TTU8tses constder the ul13 of the sub"1)ry uNlert8kwwJ. are stsled in nDle 14 to the finala1 slalennts. lo be as satisfaclory as coubd be expect8d for this finan(ial yaar. given Ihe factors noted above. Fln•nclal r•Mrv•s The Chwities SORP {FRS1021 requires a tharity to state amount and type of finanGi81 fgsgNes it holds. and to Mpar8 how the ¥¥1 of Ihoso ro96ry0s matc$ up to lthl of r6seNès th6 Iruslèès 18el is approprialg given Iheir plons for the futlrn ac1m1 of lh8 charity. Whwe it lalls short. th• trust••s ne lo explain what steps they are taking to rectity the siluèbon. In conlexl the Trust wews financwl reserv88 as th080 ld in its unrestrlsd funds. In èYditk)n lo thè Charitab18 Aecumulated FufKI. the ban of whlch Slood al £274,614 al the year-end12021.. £269.563), furiher uiwestrKaed fu are lkl within the DesvJnaled Fund$ de$Gribed In tho p¥agrap below. The Iruslees estsblish the JpproprkAle level ol unrestrlcled roseNe$ {over and above thos? alTeady rlng-lencgd fut fvlur¢ F4an$ or known liabAilie$ within Ihe DKjnat¢d Funds) by $8•kir4J to &n$uro that th• I•V Df the Trust'$ Ire8 reseryes, meets a chosen benchmark roLqted to Ihe bJg01ed expendilure lor unreslrlcted a¢b'vitles. The trustees define 'free reserves. as tho unr8slrKled nel assets of ts Group. plus cash or negr-c8sh reserves and list¢d investmts Ihal cOd be ld al short rnlice held wilhbn the Trust Dev8lJpmont Fund (sog bfrbwl. The chosen benchmark is a figure equivalenl lo four m¢)nlhs' bted expenthture for Ihe year ahead. This level win conlinue to be reviewed foi adequxy and robuslness 10 8n5uie Ihè Trust mainkins ad8quate flnances lo meèt day-lo-day oparating eosts and to prowde adroOM for 51ock. dèbtors and Castrflow fluclualions. Al 31 Marth 2022. the Trf9 Yree reserves. stood ai £899.014 (2021.. £1.024.S161. iesullhg a surrdus ol £374,86312021.' £558.347) wh¢n conwared with the current bgnchmark of £524.151 12021: £466.1691. Cov5&19 has impacle(I some irwne streams gewatad wJdilhl costs SLth 85 the dosure costs of Blrdfalr thls has reduc the surFAus. Therefore, the Tiuslees continue lo believe11 1$ Importanl to Invest furth¢r lo onhanc• bu$in?ss delOpMnI airning fw mlUM-t?m7 inLTraS• in incom? d•spit• fad Ihat this will in thè short term reduce further the Yrets reseryes.. Thls slratsgy wll ol course continue lo requir6 doso nnIlOrIV and conlrc4 by staff and IrL$ ol the Twsfs financial positr)n. otr risks whth have an impa¢t on fmancial r&stsNes, and TrusV$ 8tratagy for management and mitigation. are dr8cu99ed in the Risk Marogement ¥e¢thJn bekn. D•$lgnat•d lund• Wilhln ts total unrestricted reseNes. the Tntst. 8s peTmitted by Charits SORP IFRS 102), has set up number ol deskjnatad funds as a means of ritenn9 ffinandal res8Nes to rneel anticlpated rSt8 or liablllttes. These IndlvWual d¢sionated furKJs are 85 follm.. Herit8ge Ass•ts 8p>1 Ollw Rel8t•d Flx8d Assots This fund hokls am the Trusfs natwa reserve propgrties Tr)t otherwise held in the rgstrict8d financlal reserves, tog•th•r wilh oth•r wop•ty fomNrwJ an int•gral part of TN8f8 oTaIlr& rèqunnwls. The aT-61 larKe on th6 Herita98 ar¥J Fixed Assets FurKI8 Sto(xl at £1.243.39412021: £1,257A551. Tnlst Devdopment Fund Thls fvThJ comprises a$sots may t Used b) wovlde Iala1 wsoulS towards pro5ècts furtherlng thB Trust's charitable objects. or key operath)nal requlr8m8nts for th8 Trust's totmi d8velopmenl. Thls could Indude land owui%lion lor nature re$,. lar¥J ondlor prowty acqur&ilw to allN the Trust to carry IMJt Its work effecuvely, maintenance arKI enhancement work on exisbng nature rgsorv•s", 8duc8lbn pra¢t8. 8dvoc8Cy wth,. opera1¥¥1 supm. Page 18
LEICESTERSHIRE AMO RufLAND WILDUFE TRUST LIMITED IA comp•ny Ilmlt•d by gu•rwt••l TnMtMs' rnport leontlnu•d) For th• •r •nd•d 31 March 2022 This fund wll bg supplornentod over linwl by ranl from the Trust's invostm8nt propartias. incomo from the Trust'$ investment portfolio, and surUSe5 from the Trust's unrestricted operations to the extent to which the Trustees deem such transfers to bè apwjpriète. having taken into a¢counl the exi8ting ¢¥JeratKJnal requirèmenls of thè Tru81. This Yr, no additlonal income has been transferred from the AGcurnulated Charftabfe FLtnd. In addS1ion. a$ explalned above, £173.162 01 the Development Fund has boen Lrtlised lo cover 5UPPOrt staff posts and costs related to buslness d&v0pment In a number of k8y strataJi¢ areas. Tho balance on the Trust Dov•10pml al th• year-end stocxl al £1.244,400 (2021.. £1,374.953) and is made up •s follows.. 2022 2021 Investment propae5 Invgslments Current assets 620.LWJO 213.364 411,036 620,01]o 210.848 544,105 1,244,400 1.374.953 Pension Costs Fund This designated fund is designed to help rneet the incmsed peftsion costs associat wilh the closur6 of the defined benefit Section of the WiklKe Trusts Pansion Scheme. and relaled defKit in Ih3t Scherné's assets. The Tru8lees aun lo désignate reserves wilhin thi% fund. as appropriate and availablo. to provide a cushion against fLrtura r8valualion8 of the Scherne which re8uII in a charge to the Income and ExpeThJilur8 account. over and above the estswishod annual charg8 to dMInate the dgffc As explalned In nots 26 to the financial stat8m•nts. the liablities relaiing lo eaGh cornpany in the Scherr can b separately kdenlilled. However. In the opinion ol the Tr91•e5 and dtrectors of bolh Ihts TTLisI and 118 subsldiary, Lolcestershiro Wildlife (Sales) mile6, Ihe oblvJa1n relating lo setllemgnt of any liabililles and ContributnS duo in reSpt ol the defined bènefrt section of the Scheme. indudw t$8 of subsidiary, resvJes with tha parènt ompany. L&i¢oslershir• and Rulland Wldlif• Trust. T p8n8ion chw99 T•loliry to the subsidiary, and that ompanVs remainirvJ liability to the Scn, are thérefore aggregaled whh those of the Trust and Iude in the Tw$t's a¢unIs. Thè Trustees will aim lo ensure that th8 Pan91n COS De8ignatsd Fund wll continuè lo hdd suff•t io cover 110 2 years, worth of future Ir4blitios in ro$p8cl of boih compankns. At the year-end. the baance on the Penston Costs Fund sloc4 at E108.72012021.' £120,196). FixedAss8t Deprnc1 Fund This fund provides for future deprnciation charges on $pery"k. laryo. fixed a55•1 rtoms. Doprecialvn wsls on key 0ss8ts. including ruters, toots, equipmenl vehidès, re#ted in a ywrénd balance ol £nil 12021.. £3,510). Pagg 19
LEICESTERSHIRE AND RUTLAND WLDUFE TRUST UMITED (A c¢Mnpany lknll•d by w¥•Trt••) Tn•t•••' v•port (c•ntlnu•dl For th• y••r •nd•d 31 March 2022 . Fundrnl$lng polky ind pr•c• A gKJnific8nl amount of the Tntsvs income comes frorn iThJN¢du8ls by way of membership recruitment and IP consequent recA8iPt of subscrlpdons. As part of bts membership strakn, the Trust er¥aa9es Ihe SerV8S of Wildile Fundraising (Centrall Limited IWFCL"). a ¢ompany set up by lh& Trusl in cornmon with eight olher Wilthife Trusts within the reg•?n. Both tlg company ènd the Trust are regLlered with the FundraisiThJ Regulator and adhere to th8 FundraLsing Code ol Pr&tsce. The Trust works dosèty with WFCL racgN8s regular ports on th¢ porforrnance of its re¢yufters. The buSIsS strategy in pbce does not perrywt intrusive, persl$tenL or pr8ul1sed recruiliry methods. No complaints have been received during the course of the year by either Trust or WFCL In rnsp8¢t of rocrullmenl and kndrnlsiry. 'FaGe-IrAace' recwllmenl carried out ty WFCL on behalf of the Trust r•sumed in the fIn¢ year as Covld-19 lo¢kdown restriciions 8as•d aThl then lomov. Hc•Never, the TnJs1 has conbnued to dfrvgkp its diwtal recruitment through socaal medig and online channets Started in the pr1 3¢. d. Invtrtm•nt pN•r• and pollcy The Trusvs knvestments are made up of inv8stm8nl PTopert•es arKi frlandal in$tnJm8nts. The Tru51 holds è number of Investrnenl pfoperties. with a Mts1ned valu8 of £620.00012tf21". £620.0001. These comprise a part of the Trvsfs headquarters twlkltNJ whlch is1gt to Ihir&paty teftts, and bulldlngs and related land 8t Charnworyj Lodp nature rnsorve whth were hqueathed to Trust. Whilst mntal incom¥ is obtsined rrom the Ch¥nW properties. th• Tnt nfftrthe10s5 regards them as an •i18gr81 part ol thè Nature Reserve. The Tru$l's ffwestm8nt porffdio, originaling frcwn a b8quest, stood at £228,045 al th8 year-8nd12021.' £223,088). The portfc4FO value remaned relatively stable 8¢ross the year. The overall eld was 1.7%. The TTusI'$ strategy 15 to hold the portr0.0 in Foolod investment products. helpiNJ to streamline inv&stment d8¢ision8. and sprèad risk. Over lim¢. these inv&stmenls are also beir4J swtched inlo in¥e8trnenl funds Ihal airn lo lolk)w ecological princiF4es. The Trustees con$Klgr that Ihe r4s¢rves r¥w8$enl8d by thè portfdk wnl provide important asslslance in ensuring Ihe Trust ne$ to develop arKI gmw de5plte very thfficutt ecor#Jrnlc circumstances natlonally and slobalty. Othen¥is8, the Trusys over8N fn(la1 re8ervos are held In c8sh. Ihe hbh cash.lkn¥ requlrernenls of the org8nis3lb)n and the need lo be re&Jy lo respond to aCqUiSTbon and engagement opportunibès. Subject to this ggnerd principlè, Tnts$ ¢ontinue to Tevièw thè ne•ds of the specinc calegorios of financial resoTve5 described above a viw to ensuring Ihal the assets alocated lo them are managed to Ihoir best advaniag*, according to whelher income or ¢apilal gTowlh is the pri)rity, aFMI bearirvJ in mind both the economic envlronmenl, irb vthich the Tru81 operales, and Ihe to ensure Tru81 continues lo fulf of ils charitab obi9cts. Page 20
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST LIIAITED (A campany Ilmlt•d by 9nItel TnMl•M' v•port leonllnu} For th• yMr •nd•d 31 M•r¢h 2022 e. Rhk m•n•ymnt As èn orydng exercise, Councd examines the principal 8re88 of thts Trust's operalions during th• year and consi¢Jers th8 major risks that may aris8. In the OpinTr ol Ihe Courol, the Trust ha$ ¢$tabli%hed procedur&s and systems that, under nom1 ¢ondthn¥. shwkl alkn ts rtsks KIentld by ltrem to be miligatod lo an acceptable vel in day-knday operatTons As port of Its g6n8ral wocesses. ts Tr1 comprfes 8 Risk Regrater whlch Is re9ularty rovth¥ed by COU1. Thg Reglslei klenlifies ri%ks a numbor of key areas W Quul5 control procedures and 8ctKtrn$ lo manage and mib'gato t$& rkS.. Funding and économic needs ragujar review of funding T6quir¢monts; rArefui monitoring d financl81 reseryés.. clo contacl with wide rarye of key lunders: orwng membership r8crurfft)enl campaigns. G0Veman and managemont - good commLmÈcalp)n and flow of inlormatNJn with Coundl, staff and volunteers,. review of pc4icles and procedures. Opgratlonal otsrb'veness and pfjrfomianco ~ rnonltoiing PTogre5s wJ8lnsl annual woik Flan ar Ffvtry•8r Developrnenl Strategy,. 8ffectrve Heallh aThJ Safety guhJelThs and pro¢edures.' robust IT sy8tem8 and backup procedures," staff and volunteer training and devdopmènl.. ass¢t managemènt. Financbal 8y8tems and controls - acwrale and up-tthdate fin8nci81 reportiTig'. dose mMitOTing of intemal ¢onlrots. Exlernol relatlonships and per¢eplN - tJevoh)Ixnent of PLbl1cab"or. websrfes socwl media; conlacl and liaison with key p8rtr5. Compllance th laws reg.on5 - rying monrtoriry and r•vbw of changes,. adhence to b&st acli¢a. Pension Scheme Ikgbilty ~ ongoro moniloring of ihe sCme vatuat¥)ns (u• ftole 29 10 tha finon¢ial statemonts) lo 8Ure ad•quèt6 provisK)nirYJ is mèd•. sIe end ol the financial year 2021122. new govefflar pr558$ havo been in$tytuted. This indudes the ¢re8llon ol a Iwstee-led Risk Management Commltteg whKh WIN cary out stroteglc ovetslghl of rL%k managgment throughoul the group, feportirvJ to Councl. A lurther staff4od Risk Working Group wlll ¢o¢rdin•18 and 8¢bon rrsk managemanl al the operatn81 levd. bJs•d the Ri8k Règister. #nd wll rèport its •ctivitk•s and findirYJs to the Risk maeMent Committeo. 8trudurei gov•m•nc• and fflanag•m•nl •. Comtltutlon Lel¢e$tershire arKI Rulland Wldllfe Trust was founded h 1956 and a regfj5ted chaty (no. 21053118r&l company Ilmiled by guarantee Ino. 005618331. 11 Is a mombership orgenlsafjon 9ovam&d by its Memorandum and Arttcles ol Assocwtion. As at 31sl March 2022. a totsTr of 179101update figuresl Membe $Ltpportod Ihg Twsl's work. Trust Is managed by o Courd of Trustees Cound'}. Qcled frorn the membership of th8 Tfu81, wl provW6 the over1 dir?clion for th• d8velopn6nl of Trust. Tho Counc¥l. as govgrning body, hos ullimalo iespon8ibility IOT the operation ol the Tt. Wwe appropriate, summItte•S exist to advi$¢ the Counc. Page 21
LEICESTERSHIRE AND RUTLAND WéLDUFE TRU8T LIMITED IA comp•ny Ilmlt•d ty gu•r•nt••) Tru•t••S' T•POrt (co1) For lh• y•ar •nd•d 31 March 2022 8tructUW•p grnan •nd ffl•n•g•m•rf Icontlnu•dl b. Method# of •ppolntm•nt or d•cllon of TMte•• Thè appointment of Trustees 18 by the Artiel•s ofAssocialion of the Tryst. whh inG14Jde a provisi for the retirement by rolalKJn of onethd of Truslees at each Annual Ge81 Meeting. New Tru$l8gs aty appoinled lo rL)mF4emenl and slr8rothen existing skllls on CoyncN or brir4J n8w expefie lo Ihe Tfust. New TNslee8 usually havo prfoy knvolvement wilh the Trusfs wo. but undergo further irKILtIOn as awleable. All new Trustees ceive th• approprtate constitullonal, finanual leg4 h)fornIk)n regarding the work of the Trust and ihelr OblatiOnS as Truslees. New Trustees wtrrt) are COOPted onto th• Councl during year have Ihelr appointment r81ified al the next Ann1 Genernl Meeting. e. Ory•nls•tlon•l •lructyrn and d•cl¥lon4naklng pollel•• The dato4ay running 01 the Trust is carried oul by 8 leam of 41 emplwd staff, headed by the Chhf Executbve Officer (CEO), reportkng to the Councrf. Pay ar#1 rèffMJratfjD of the Trust's oper81ional staff. induding key management Pers11. is 08tsblishod by TeleTer to an ove1 grading structure eslabllshed ty tha Coundl. The salary baThJ$ 4th1n Ihls StrucbJTe arg r8vwed perkjdicalrfwlth relate to market condllons. Trusteès fornulate. In Consultstic wtth slaff. the overall slrategy for the Trust. Its work and 4ts development. Th& Council th&n 1$¥¢5 the delivery ol overall stratsgy. as well as gnsuring 8M nawory govemanc requirements are met. Progrgss against ihis $trale9y i% monilored rogLlarty by cou1 slaff. aThJ L% measured agaln$t pèrfomanca tarpts. Moro dot8 on Ihis Is given in the strateg R9POrt bo. The Trust's W110wnad subsxlbary. Lestershre Wldlrfè (Sales) Limited. provides an Inteord contributKJn lo the d¢very of the T¥usYs thafltat4e objects, and Ihe gJbsidiary'$ surpkws. ari8iThJ from ils ¢onsullancy and retail operations. go to support the Tmst's operalKins. The Trusl Ss assisted by rrnre than 540 volunteers. In aJdi1, bocal members. groups provwje •Md8d walks. lectures and tslks. educalk)nal and soclal events throwJhcJt the year. Lekeslershire Rulland Wddife Trusl is one of 46 indfvklud Wd11fe Tnts that form a pjwerful conservation nehvoth of l¢xal charllie5 laking effectkve acb.on to proteGt t UK'S nalural heritage. Tc4JQlher this neork h8s Ovèr 800.000 members. manages mre Ihan 2,300 nature reseryes, wns Ilwand5 of PTojects and ents. and works leoelher lo on8ure th81 both Icul and nalional p1 and decisn3 are in the best inlerost ofwildlifè and wild places. Whilst the Trust rÉmain8 an independent eharity. it works with this nalional network in progressing its major corwNali)n iThliaves. Pl•n8 lor fulur• p•rfods At th• ar of March 2022. Ihe Tnt adopted Its Stral•gy to 2030.. BriThJThJ NatUTO Back. Thls Slralegy18 our response to Ihe nature emergency. 11 rec4)gnlse8 that the threats of dimate br881(down and •cological coltapsg are the rno$l importwl issues of our timg. work ovor Ihe pos166 yearB has wotectsd somo of lh8 most important Flacas for neture. btrt now our work musl slep up a gear. As well as protectmig the fragmènts ofwldlife•rich habltat1hal we hÈYè left. we noed to stort restaring wtam8 at scde . VR need lo put nauiè inlo re¢oNw. Lelcestershlre and Rulland Wildlile Trust is unbjuely powtimed lo inspire and kad tho PO3TINe ecological change that Wdl be needed acfos$ our counties. 11 is local, W Iso part of a strong. cohe5fve movement of WHdllle Trijsts across the county. It has a huge OPFrf)rlunlty to enat4e vc4unt88rs. mombgrs and dNgfso SUPPOrters to drlve Gharo8 thelr commw¥tss. 'Team Wld8V. Pag8 22
LEICESTERSHIRE AND RUTLAND MLOUFE TRUST UMITEO (A ¢omp•ny Ilmlted by guar•nts•l Tru•t•M' r•port Icontlnu•d) Fgr th• y•ar •nd•d 31 M•r¢h 2022 Pl•n• lor futUM porlods (conllnu•d) Tho Trust wil work in clos• cclabornlion wilh the Roy4 Sw6ty of Wihkn Trusts and oth&r Wldlile Trusts, as well ès olher partners. individuals ar ¢ommuiwti88. to 8thVe a wild•r future, whlL81 supporting others to be part of this team. The fc41owSng paragraphs summarises Iht Tntst's Stratsgy 2022-2030: Briiging Nature Bac. Detslled Wofk progrèmmes for each year w41 dtive its aThs and oty'tctlves. Our Approach: We are amblllous in OUT desire to revew th• dediw in nature. We need to hKrea88 abundance and diversity by restoring arKI creating habitats 31 scale. We speak authenlicalty with g bc4d and confnt ¥cK•. we commit to tell thè truth gbout the stalè ol nature gnd be cknar about what $ to dono to pul11 in recovery. Firnly roole¢J in our bcal communi118s. we look after vlld pLgces. Increaslrg peoFle's understsndfvJ of. pmd connection to, the nalurd wortd. We look to establish common cause and work in pwtharship wth others to davelop new, innovative way8 to pul nature in recovery. We tJornon51rato what is possIe. and Inspire. empowor. and enabla people from all b8¢kgrounds, Gulturès. idenhltes, and 8t4"lilEs to bring aljout our Msion wth us. embracing the dNerstty of Our $0ry8ty lo thango Ihe natural worfd lor Ihe belter. 11 wo gel our approach rh1 in Leicestershire and Rulland. and each Wildlite Trust does the same, wè will h8ve a colleclive impact thal 9818 it right nalionally and helps address global problems. Our Qoaf$.' Nalure in Lei¢e8t¢r8hir8 and Ruljand i8 in recovary thtyth abundant. dwers8 wiklrfe and natural processes creating wikjer Fand where people and nature thrive. 2. People in Leicestershire and Rutland are tsking action for rklture and Iho clinmts, resultTrng in better dedsion rnaking for tho environment al both the loGal level and naIal level. 3. Nature in Leicester8hro and Ru#and i8 pknyng a Centr and v8lu8d role in h8lpiny lo address local and global probM5. The Requlred Translormatiwts.. 1. D•vek>piThJ our role as a trusted source of krv>Aedge and oxportbse 2. Working effectively n8l>onalty and Ialty 3. InSiring, organising and mobilising peopl6 and oJmmunith•s 4. Undergolng a 'fooI and branch. dhaital Iransfomialbn 5. Ddiverin9 a $lep-change in tha scale and drversity of fuThJirwJ for Thare'S reco The El*Ing Priorib88'. R8spondiry to Ihe cllmate and 8cologscal omergoncy- getting our own hous8 In order 2. Ensuring our nature reserves and landscape4cale inatiVeS are th& fouraOn for naturo'$ rgcovery 3. D¢volop dear and consLst8nl gvkJ&nce-based polides 4. Invosl In a hlghly4kllled and diverse slaff ard voluntser mtrrk. arKJ bulkl a movemonl•whle le8mlrwJ culture 5. Speak wth Jjlhority and • rn[onI voicé. instilling twst ond furthei in¢ro8sffw tyjr impxt and inilu8nGo Page 23
LEICESTERSHIRE AND RUTLAND WILOUFE TRUST LiIArrED IA company Ilmlted by gu•r•nts•l Trust•u' vort leontlnuod) F•r th• y••r •nded 31 M•rch 2022 Pl•n• lor futur• porlod• {contlnwd) Saf•guardlno the Tr1, Ilmnclal rMour¢•• A¥ èxloined elsewhere in thi8 repjrt, th6 inwa¢t of the global CO19 pardarn on the Group'8 opbrallons and CnsequenY its financs over the Iwo fmanc4al Fars lo the date ol this report have been shjnificanl. DurirwJ the course of Flnandal Year 2021122 and ueIty 11 has been knrortanl Ihat the Trust ensured that consolldated its resource$ to create a stsble environmenl from whi¢ ts Group (Uld ffjo)ver and lurthef dgvelop. caref manag8mgnl ol finances Fknancial Y•ar 2021r22 has meant that. as at the date of thls pOrt, Ihe Trust and its subsldkqry owrathS ¢1)ntiN to be n a solid po$rt. ¥hlh adèqu8t• Imls ofliquidity. The Tfustw and stsff ara eager lo b•gin deli¥?ry of thg rw Slrat6gy lo 2030, bul are also Conscious of thè need to do so in a way which is sustainable. and Mll ensure responsible use of the Trust's assets. as has always been the case. Progress in imKleftwlirg the Strategy to 2030 Ihe¥efore hlbw a lim$tabl8 ¥¥ch koeps th6 need lor financial r•senCe ar#J stablity firmly in mind. Statement of Tru8t••8' r•sponslblllllo• The Trust••$ (who are also the dlrectcws of the Trusl for I PLKP05es of company law) are reBpDnStt> for preparing the Twslefrs, roport and Iha financlal slatorTwJnls in xconJan¢ wilh applkablg law and Unitsd Kingdom knountitvj StsrKlards (Uniled Kin9Jorn Gerteraly Accepted AccwntsTVJ Praclicél. Companylow requir85 the Truslees to Propa fmandal statements for oach finanrial ygar. Under ¢ompany law, the Twslg96 musl not approve the statements urless they are 5ali8fd that they gNé 8 truè and fair vièw of ihe state of affairs of the Gioup and the Trust of tPir ircoming resources and apph'cation of re80urce¥, in¢luding their income and e¥penth¢ure. lor th p8ri0(L In preparing these finar£ial 8tat8ments, th& Trusiees are required to.. select sultsble 8ccountry polic5 In apply th8m 0)n$t¢nty. obserye the methods and pn"ndF4es of the Charltles SORP {FRS 102).. m8ke IgMen1S and aCutIng esb"rroles that are reasonabl8 arKI rdent., slatè whether applKable UK Accounbng Stan¢J¥d$ (FRS 1021 been lolowed. gubj'ecl to any m818rsal departures disdostsd a1 explained in the fina181 statements: prepare the financk?I statennts on the wng concem bosis uresS it inapprowiate ty) presum& th81 tho Group will nIlu• in busin. The Trustees respunslble for keewng reDJrds that are sufficient to Sh1 and expEakn th• Group and the Trusfs trènsa¢tiofts and dlsdosa wilh r•asonab18 accuracy al any lime the lnanElal posilkjn of the Group and the Trust and ¥nablg them to •nsure that the financial stalamonts conwy wilh tho COmpanS Act 2006. They ar¢ also responsie for s8fe9uarthng th• a$$•ts of tha Group and the Trusl and hrte for takkng reaa1)I $tgps for Iho we¥entr&n and detsen of fraud and olher irregularities. DIKlo$ur• ol infornmtion lo •udltorn Exh ofthé per80rf who are Trustees al Ihe IlTh 4¥then thi6 Tntstsès. rop * approvod ha8 confirmed thal.. 80 far as ihat Twstee is aware, Ihere 19 Tr) relev8rt audil inforMat3n of whth the charItab group's LKlitorn aro unowar•. Ihat Trusleo has takon tho sty Ihat outhl to ha been tskon 88 8 Trustèè li ord•r to bo awaro of any relovanl 8utht inlorm8ts)n to tabliSh Ih•t th• charitsi48 audrtors afe aw8ro ol Ihot infomialhJn. Pag8 24
LEICESTERSHIRE AND RUTLAND WILOUFE TRL18T LIMITED (A¢ompAny lknhod by gu•r•nts•) Tnlo•8' l•POrt1¢gntlnu•d) For th• ymr •nd•d 31 March 2D22 Audl¢orn Towards the end of 2021, RSKWK infomd the Trust th8t tr) a reorgani$8tion of Iheir Cl1 portfolio and tbr staff resource$ avadatl6, they would no er be aL4e to act as auditors of the Trust and its subsidiary company. A pioctsss headed by the Honorary Tr8asur8r s pul in place to Mjentsfy caThJidale fimi$ tt) be appolnled as the new auditors. This led to I aprM)inlrront in March 2022. ratif by Coundl. of PKF Srnith Coop8r Audrt Limrted. Al that polnl. RSM-VK formdly r•skJned as auditors. In accordance wilh th• Compani•s Acl 2006. a lesduti proposiry ts r84ppoknlmenl of PKF Smith Cooper Audit Lmited as Audi wl be put to Ihe momb•rs at Annual General Mgetry. Approved by ord8r of the rthrymbers ol the board Of Tnmlees syn8d on thèir behalf by.. Ir8 E A Tomlln$on Chalr of Trustee81 Dale: Page 25
LEICESTERSHIRE AND RUTLAND MLDUFE TRUST LIMITED (A comnY Ilmlt•d by gu•rants•) Ind•p•nd•rt •wlltors' r•port to th• 14•mb•r• of L•k•stsr•hlr• •MI Rulljnd Wlldllfo Twst Llmll•d Oplnlan We have audited the financia Sratements Of Leice8ler8hire and RulaTrJ Wlldlife TrLtst Umlted Ilhe 'par6nt charit company) and its Sut6idkS (the 'group'l for the yaar 31 March 2022 vthich compri59 th• Consc41dal8d $temenl of financkal actiwties. the c$011d8¢Od balance #heel, the Tru8t balancè sheet, the Consolidated staternent ol cash flowg and the ated notes. indudkng a 8umrnary o18Jnificant accounlin9 policles. The financ&81 r8POrtlro framewort that has been applled in thetr preparation ts applicable law and United King&Jm Accountirg Starxlards, indudry Finanthl Rop(tir¥J Stsndard 102 'The FInara1 R•portlng Standard applicabl• in the UK and Republlc of IrdaNJ' IUftlt•d Kin)rn Generalty Accepted A¢nIng Practicel. In our opinKJn the fan¢I slateTrnts'. glve a true and fair waw of the state of the Group's of th8 pamnl ¢harilabl8 con4)anl8 8ffalr8 a8 al 31 March 2022 and of the GTOUP'S incomlng resour and apFdulion ol resources. iJudIng its i1orne and expenditure lor the Yar thon ended.. have be8n propwly wopared in ac£ordaTrx wllh United K•Wcm Genwally Accepted Accounlkng Pracllce., ar¥J have been prepad In accordènce wdh tha r8qutremenls of th8 COmpeS Act 2006 and th8 Charftles Act2011. 8•1ls lor •)plnlot) We conduGted our audil in accordance with Inlemalional SlaThJards on Audiling (UK) (ISAS IUK}) appli¢able law. Our respon54biliti•s urKltrr th 5LindaFds are furlher described in the Audrtors. responsibilities for the 8udit ol the financial $latÈmènts section ol our re[. We are independent of the Group in accordancè with the 6lhical requirements thal are relevant lo our aJ ol Iha ffinaal Statents in the United lQThJdorn. includir¥J Ih8 Flnanclal Reportiw Coun¢ls Elhical Stsndard. and we have ILlfirfed our other ethical resFonsibilits"es in accordance wbth these requirement& We beleve that th6 aLAI evid•r have obtshed is suffident and appropriate to provid8 a basis for our opinn. Conclu4lon• r•tsUng to golry ¢•nc•rn In audthng Ihe Ilnanciol sla¢wnenis. we hava condudad that the TNSt•es' use of the golng co•M bosi$ of accounting in the preparalTon of financial stat¢menis is appropnate. Based on tha work we have p8rformed. havg nol any matsrHI uncgrtainties relating to ev8nl8 or condltlons that. indmdualty or cdlectNdy, may cast $lgnffi¢xnt ¢Joubt on the Gmup's or the parfrnt charitabk companls abllty to conllnue as a corttm for a Fwiod of at least tsplve monlhs from when the financial ststemgnts 8r8 authorlsed for Issu8. Our responsibrtS and th8 regrnb18S of thB Trttees wilh resr*ct to g(MNJ c0M are de5¢ribed In thg rel8V8nt seGtions of Ihis report. Pag& 26
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST UMITED {A company Ilmll•d by gu•r•nl••l Ind•p•ndent wdltorn. rnport to th• IA•rnb•rn ol L•lc•stsf¥hlrn and Rulland WlldllfD Trust Umlt•d l¢ontlThu•dl Other 5nform•tion The olher information comtNS8es the Mifomwtson wlUded in tha Annual report othgr than the finanryal $lat•m8nls and OIJT AudrtOf8' report ltrereon. Thè Trustees are responsible for thè otheT information containèd within tha Annual rnport. Our OpinK on the financial stateThnts does not ¢)>ver the olher infom8tK>n 8nd, except to tho extent other5e explidljy staled In OUT report. we do rK)l express any form of assurance concluslon thereon. Our responsibdity is to read the other inftymalion and. in thirrfJ so. conshsfrr whgthei the olhar information Is materialy inconsiytenl wlth th? financk4 ststements or our kncNAedge oblained in th8 course of Ihe audll, or otherwlse appears to be mjtertalty mlsstated. If we Klentify Such materlal inconsi%tgncies OT apparent material misslalements. we are r8quifed lo determine Wther Ihis gives w to a Materi mis$tat•ment in Iho financial sl8lements thomse5. If, based rffi the work wo have p•rfomed. w8 condud• that thor8 is a material misslètsment of Ihis other information. ar• required kn Yoport that fact. We have nothin9 to report in Ihis rtyard. Oplnlon on othèr fflattern pmcrlbed by th• C•xnpanl•8 Act 2D06 In ¢)ur opinion, based the vndertak•n in th• course of the audtL" thé informal•Jn gr¥en in tho Tru51ees' rewl for tho fina117 for whth the fina181 statements orè prepared is conststent with Ihg financial stalemgnts. the TA1888, roport has been prepared In accordance ith •pplicable legal rgquirements. M•ttern on whlch w• •rn r•quir•d to report by •x¢eption In Ilght of our knoAledgg and undwstanding of the charitai40 company and tts envlronmenl obtained In the course of Ihe audit. we have not hdenlified m8terlal mwtaltsmnts in T1¢¥s. r•port. We havg nollwn9 lo rgF4)rt in respect of th¢ mait•r5 in relatim to WWI Companles Act 2006 requires us to r8port ks il, in our opkwon.. the Wjrant chafitable company has not kopt adequaie arJ suffirygnl accountirq recofds. or rglum$ adequats for our audit havè rnl been TeCeNed fffjm branch88 not Visited by us,. or the parent ch8ritsbl8 comp3ry financi81 statements are not in a4Yeement with the aOUntIng rerdS and returns- or ertaln dlscknsLKeS of Truslees. r•mun8r•ion speclfwd by Iw4 PA8 Th)t mad8; or we have not recefved am the Informatlon and 8xplarothJns roqulre lor our audit., or Trustees wore not enJtl8d to prepare tho financlal statements In accordance with the small compan188 rogime and take advantag6 ol Ihe small e4)mpaAie8' oxemptions in prepariro th6 Tru8te68' reporl and from the requiremenl to pr8pare a straleg report. Rospon8lblMtI•8 ol tru•t••* As exF4ained rnore lully In the Trustees. responsibitilies slatemtsnt. the Twstees (W 8fe 81s0 Ihe directors ol thg ¢haritabl8 ComnY for the purposos of rnPany 18w} arg responsiblo for Ihe preparalion of the financial $t8lements and for bn9 sat&d that they give a tnje and lair M8w. and for such intsrnal control 8$ the Trustees delarn)ine is necessary to enable the pwparatTon of financial stslemènts that are Iree from moterial misStatemen[ whether thje to fraud or error. In wèparhg th& finandal 8tst¢menl8. thg Trust••s are re8FrfMl for asse8g¥vJ the GUp,8 arKI Ihe parent thafilable compan¥s ability to continue as a going concern, dlsdosirg. as appluble. matters r61al8d lo yolng conwn ond using tho going concem basis of accounkng urdass tho Trustees eithor Intend lo Ifquldate tho Group or the paronl ch8rltsblo company or to cease oporallons. or havg r rnalL4tk alt•mativ8 but tD do SD. Page 27
LEIC&8TERStrIRE AND RUTLAND WLDUFE TRUST LIMITED IA company Ilmll•d by 01•• Ind•p•nd•nt Judllorn. r•port lo th• M•mb•rn pf L•lFo8t•rnhlv• and Rutlwnd Wldllf• Tru¥1 Llmlt•d (contlnu•d) Audl¢oTS' rnspon•lbilitt•• for the •u(11 of th• ffiMn¢lal sl•t•m•nts Our ObCtr¥eS are to obtakn reasonable assurnrtt about whethor th8 fmancial 8ta¢8ftwnls a$ a whole arg free from rnalerial mi8Statemenl. whelher to fraKI or error. and to kssue an Auditors, report that In¢kJde5 our opinion. Reasonable a$$uranc• Is a h]gh le of as$uranc8. bul bs not a gunIe8 Ihat an audit conducted in aCldanCe wlth ISAS IUKI WW ay5 detecl a maierial mlsstslem8rbt when tt oxlsts. Mlsstatements can arls8 from fraud or error a1 are consklered materfal If, Inthvldualy or In the aggregale, thèy could roasonabty b expect•d tts inlluence the econoffdc deci51ons of usets taken on th• bosis ol these financlal statements. Irrggularltias, including fraud. are instances of non-compliance writh kws and re9ulaUDn$. Based on OL kn¢yMedge of th• Trust and Iho $ector. we idgntify the key13 8ftsctirpJ Ihe Trust to indud• tho Charitbtis 8ORP IFRS 102). Comp8nO6s Act 2006. Charikns Act 2011 and tho p8ront ctrrit8b19 9)mpan8 govornlrwJ docum•nt. We desKJn procedures in line vith out responsbihtks, aullined above. to delecl rnater misstalemenl$ in r•specl ol irregularities. induding fraud. The extenl 10 whith our pr¢xaduI are cape of detsctlrva irregdarllies. induding frwJd is delalod bekn¥: We identtfied that pri1paI risk of fr8ud or r0mplIanc8 wtth I•ws 8NI regula115 relatsd to: management bl88 In respect Of9Ount11vJ eslim8las andhmgnts mado; management override of ¢onlrd' posting of unusual ioumals or IT$8ClI0rffj: nonwcompliance wllh Charity Law. We fcussed on those areas that ts)d give risg io a material misstatenwnt in Group finarti•l stattsm8nts. Our prOdleS included, bul w•iè limited to: enquiry of Manmr+I th8 ch8roed Tth g)vemancel aUnd lu81 artrJ potenlla 1Sltion arKI lalms, includin9 instaA¢S of rKTrcOM1ance vJOth 18ws aThJ wulauons and fra1.. . rev1ng mlnutes ol meetiws of those chty wllh govemance whgre ovaHable'. reviewng legal exp&ndilure n the sear lo k4•ntify instances ol non-complance ilh laws and regulation8 aTrJ fraud: revlevAng flnanGial slatement thsdosurns and tesling lo suppty11NJ doCunt8tft lo as$ ¢ompli8n¢o wilh apF4ICae laws and regwlalws., perfornwng audtl w(k over Ihe risk of marwont overrwje of controls. Including tostrng ol ioumal entr6e8 an(J Ottrr adjustW[S for approprieness, evathtlng th• busin8ss raknonale of sSgnificanl transactlons outside ttte Thjrmal COUT88 of bu51r$S ar¥J revi8wing XcOL11rIA ostimal•s for bias. In partKul•r defined Mfjt n$4)n Ilablllw aThJ in¥eslmenl IKoperty vatuatK)ns. 11 Is the pr1rn reSponsibty of manement, wth Ihe overstght of those chargèd with gDv8rn8nce. lo en$urè that the Ontitys oporations aro fp)nducted ¥1 aGcordm with tho provisiC of Iws and regu1)n$ and for the prevenfjon and detection ol liaud. Because of the Inherent Ilmltstions Df an audil. ther618 a rfsk that detect all Irregularit8, IndudirwJ ihose lea(Ing to a material misstalomont in the finalat statements or Th)nwcompliance with regulthn. This rigk increases the more that comF4iarte wrth • law Of regLlalion Is removed from thè avants aTrJ transacllons r•flo¢led In tho finanelal 8tatsmanls. as wg VAI bg18s5 Ilkety to becom& awar8 of inslarc05 of nonwcomplianc8. The risk Ss also greater r8gardir¥J irregL18riti85 occurring to fra1 rathor than error. os fraud Invofve8 Intsnlbnal concealrrnt. forgery, colluslm, omission or misrewesentslon. A further desuipts.on of our re8p(wibdits for the audil Df the fin8nual stalgments Is loc8t¢d on the Finanal Reporting Counays website al: www.f This doscrip1 fom)s part of our Auditors, repo Pago 28
LEICE8TERSHIRE AND RLrrLAND WILOUFE TRUST UMITEO IA Mmpany Ilmlt•d by gu•rnnt••l Ind•p•nd•nt •udltors' Mport lo Ihe Ih7mb•r• ol L•lc•sl•rshlr• and Rulland WlldlM• Trult Llmlt•d (contlnu•d} Usè ol Our Mport Th1$ report iy mthyè solely to the charltable compJnYB rnernbe. 88 a body. in accordanch ¥wth Chapter 3 of Part 16 01 thè Companies Act 2CKJ6. and to th8 Charitab company$ trustees. as a body. Part 4 of Iha Chaiitles {Accounls and Repts> Royulatkjns 2008. Our audit work has been undert8k#n so that ml9ht state lo th8 ¢haritable companls member¥ those matters we are required to slate to th&m in an ALsd51ors' rewrt and for no other purpose. To tho lullèst extent pemltted by1gW. We do not accept or 8s$ume responsiblty to anyone othar thon the charilaLO company and its members. as a bc#, for our audll work. lor this report, or for Ihe opinions Wg havg forn. Sarah Flear IS•nlor stslulory •udllor) for and on be1 of PKF Srnlth Coop•r Audlt Llmlt•d Slalutory ALJllors 2 Lace Markel Sq* Nottityham NG1 1PB Date. Lllg ILL Page 29
LEICESTERSHIRE ANO RUTIAND WILDLIFE TRUST LIMITED IA CnY Ilmlt•d by guarnte•) Consolldatsd Stst•m•nt olllnanclal •ctfvitl•s Ilncorpor•tlng Incom• •nd •xp•ndltur• account) For tho y•ar •nd•d 31 M•rch 2022 R••trlctsd Unre•trfct•d funds funds 2022 2022 Tot•1 lund 2022 Total funds 2021 Incom• from: Donations and leg8¢s Charitable activitl Other Ir¥ding a¢tNities Investmenls Other income 187.488 841130 136,090 27.253 40.792 1.031I1 804.178 27353 40.792 1,228,506 830,890 6.f09 32.742 254 Total Incom• 855.576 1.048265 1.903,841 2,099. 101 ExpondMur¢ OTr: Ralslng funds.. Cost of generating mernb8rs subscriptKJn5fvoluntary income Cost ol goods otr $ts Investment managernenl fees Charilat4e 8ctN51ies 346.395 17,107 3213 883.006 .395 17,167 3,213 1.T12,801 168,444 2,515 2.885 1,628.347 889,790 Total •xp•ndlturn 889.796 1.249,780 2,139.576 7,802. 191 N•t l•xp8ndltur•TrAncom? b•for• n•t galns on Iwi•stm•nts Net gains on irwe8lm8nts Net (•xp•ndltur•lllThcom b•lor• taxatlon {34220) (201,5151 1235,7351 2,464 296.910 118,333 1342201 q199.051) 11,7321 1233.271) (1,732) 415.243 1,732 Taxalion 14 Net l•xp•ndltur•lllncom• after taxatlon Tr8nslgr$ bfjhveon lun&s 134320) 14,527) 1200.783) 4,527 123511031 416,975 Net mov•m•nt In funds b•lor• oth•r rocognls•d 0in{lO*s•s) {38.74n 1196.256) 1235,0031 416.975 Oth•r rffognlmd galn•lllo••••}: {Lossesygalns revaluatlon olfixed assets Aetuarial gains on ¢Jef¥wl benofil penslon s¢hgmes DerecognilwJn ofdefined b8n•fft p•nslon asset 15 14.11S} 3, 195 143,733 143.n3 11,342 29 198,011) 191.011 N¢t movenwnt In funds (38,74n 1154,649 1193.3961 431,512 P•Je 30
LEICESTERSHIRE AND RUTLAND LDuFE TRUST UMITEO IA compAny Ilmtt•d by gu•r•nt••) CoMvMdat•d Stat•m•nt ollln•n¢b•l •ctfvltl•s IITr¢oTpor•llng Inrn• •nd •xp•ndllur• •ccountl {¢ontlnu•dl For lh• y•*r •nd•d 31 ktsrch 2022 R••trlthd Unr••lrlGt•d lund• fund• 2022 2022 Tolal lund• 2022 Tol81 funds 2021 R•conclllatlon of funds: Total lunds brought foThvard Net movemenl Sn funds 2,636.997 138,7471 3,025.777 (154649) 5,662,774 1193,3961 5,23f.262 431.512 Totsl fvnd• ¢arrl•d forw•rd 1598250 2,871.121 5,469.378 5,662,774 The Consolldated statsmenl of fin¢181 aclivits8s irtknes 811 gains losses rocognisgd in the y88r. The noles on pag8$ 37 to 70 form part of Ihests financial statements. Page 31
LEICESTERSHIRE AND RUTLAND IMLDUFE TRUST UMITED IA comyny 1knIt by gu•r4nt••) R•glster•d numb•r: l)0561833 A at 31 March 2022 2022 Flx•d aM•ts Tangiblè assets Inv8slments Investment property 15 17 16 3,516,852 213a64 0000 3.454.238 210.648 620.000 4.350.216 4.285.086 Curr•Tht as•t$ Stocks Deblors Cash al bank aThl in hand 18 19 5,492 283.993 12flA27 6.732 17&5gt3 1.687.666 1.50012 1.872.991 c Llllors.. amounts famiry the within one year 1340,0371 f408,334J M•t current •¥*ets 1.160M75 1.464,857 Total ass•ts léss curr4nt Ilabllltles 5,511,091 5,749,743 Creditors.. amounts du8 after mre than one year Not •s$•ts •x¢ludlng pen•lon ••get I Ilablllty Defined benefit pension Schorrn amo11 Irdbillty 21 141.713) 5,469.378 5, T49,743 (86,969) Totsl n•t o¥8ets 5,469,378 5,662,774 Charfty fund• Rt5tii¢led fund8 Unre$trW fijnds 1598,25D 2,636.997 Dosw8ted fvrds ACcnu1aled tharitable funds 23 2,596.514 274,614 2. 756.214 269,563 Toial unrestricted 271,128 3,025,777 Total fund¥ 5.4S9,378 5,662,774 Pag0 32
LEICESTeRSHIRE AND RUTLAND WILDUFE TRUST UMITED IA comp•ny Ilmll•d by gr•ThI0¢) R•glJt•r•d numb•i: 00561133 Con¥olld•t•d b•l•nc• he•t {contlnu•d) As •131 March 2022 The Trustoes ackrwlgdga Ihoir responsibilitiès for Iho requiromènts of Act wlh ffj5ped to accounting records and preparatft of financi81 statements. The finandal statemenls yre appr(Ned and aulhod8ed for issuo bytr Trustees and siJned on their bohalf by: Mr$ E A Tornlln•on ICh8ir olTrust••sl Date". .21, 20 11 . The noles on pages 37 to 70 lom part of Ihest ffinanci ststements. Pago 33
LEICESTERSHIRE AND RirrLAND Y4lLOUFE TRUST UMITED IA company Ilmlt•d by guar•nl••) R•glst•r•d numb•t: 00561833 Trl b•lanc• shwt •131 2022 2022 2021 Flx•d ••$•ts T8j1018 ossots Inveslments Investment property 15 17 16 3,454,524 213.464 620,000 3,408.783 2qO,948 620,000 4.287.988 4,239,731 Curf•nt a$•ls Debtors Cash at bank ard in harKI 19 321391 1.076.950 221.889 1.487.899 1.398.241 1.709.788 Crgditors.. amounts faling dug wilhin QF ye8r (139,829) (173.998J N•t ¢urr•nt a•$•ts 1.258A12 1.535,790 Total asets h¥8 curr•rf Ilabllltles CreditOfS'. ant$ lalllng du8 after more than one year Not agsets •xcluding p•nsion assel I liablllty Defin¥d benefft PenSn scheme asset I liabilty S,546hQO 5,775,521 21 (41,7131 S.S04.6a7 5,775.521 (86,969) Total n•t S.504.6I7 5.688.552 Ch•rlty funds R88trkted fLmds Unre81rkted funds DeSiat¢d lunds Unre81ricted fundB 23 2.542,2$1 2,636.997 23 2.596,514 3Q9,922 2,756,214 295.347 23 Total unrnslrthd funds 23 2,962.436 3,051.555 Total fund• 5,504,687 5.688,552 Page 34
LEICESTERSHIRE ANO RUTLAND MLOUFE TRUST UMITED IA ComnY Ilmll•d by guar•nte• R•glst•r•d numlw: 00561833 Tru•t b•lancé she•t {contlnu•d) As It 31 March 2022 Thg TrusV3 net movem&nl In fwKls for t ar was £(183,866) (2021- £453, 128). The TrusIS acknowledge their reSpolbilItIeS for comyj V*ith the M4utMants of Ihe Act wth respect to aGcounling records and preparatk)n of financial stalements. The financial $18teThnts have b88n prnpfjrtd In acL¥yda0 whlh tho proviryttins applieablo lo entities tsubject to the srnal companies regime. The financl81 stAtements were approved and authorLs&J for Issue by Ihe Trusts85 and sNJned on thelr behaw ty. Mrs E A Tomllnson (Chair of Tru8teesl Dal6-. The notes on pw385 37 to 70 form part ol lh flnancial slateTrrants. Pag8 35
LEICESTERSHIRE AND RUTLAND LDUF£ TRUST LIMrrED (A ¢ohwny Ilmlt•d by gu•r•rt••l ¢onsolld•l•d •tatsm•nl ol 114 Forth• y•af •nd•d 31 M•r¢h 2022 2022 2021 Cash fl¢)ws from op•r•tlng •ctlvltl•$ Net cash used In operoling Kbvitios 1341.U 182,200 C••h Ilow• Ifom Inv•stlng acllvlll•8 DIvKlends. interests and rents from Mivestrnents Proce5 Irc*n the sale of langit4e fryed assets Purcha80 ol tsngible fixed a59ets Proceeds liom salo of inv8slmants Purchase of Inveslmnls 40.792 32.742 11.45Q 3,182 1178,7811 (294,329) 20,728 35.277 120,7801 (34,398) N•t u$•d In inv•stlng •ctlvltl•s (126,5021 (257,S261 Cash flows frnm fln•nclng •cllvltl•s Cash inllows from new borroYAryJ 41.713 Nèt Gash provldèd by financing •ctlvitl•¥ 41,713 Change In eash and cash •qulval•nts In the year Cash aThJ cash equivalents at the trtginnirwJ of the aT (476.239} 1.687,666 133,613} I,T21,279 Cash •nd c••h equbval•nts at th• •fKI of th• or 1211,427 1,687,666 The noles on paggs 37 to 70 fomi part ollhe8e financial stsl•m8nts Pago 36
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST LIIIITED (A ¢omp•ny Ilmlted ty gu•r•r•ts• Notes to th• lln•nCl stat•m•nts For th• y•ar •nd•d 31 M•rch 2022 General Inlormatlon L•ic¢$tershire and Rulend Wildlrfe Trust Lhniled 18 an irted charity and 8 règhtèred Charty in England 8fKI Waks. United Kingdom. The company and charity regBtration numbers and the address of Ihe regi8ter8d orfKe can Itnd in the ftefergr avKI AdministratNe Detals page of these financial 8talemenls. Th8 Tn1 Is a compony Ilmlted by guaranteo and as swh has Issued share capltd. Th• Tr1 works for the prolectlM and anhancement ol 1lite ard ld plac•s in Lalcastershlre and Ruyand. The Trust ty dedicated to securing a poslb.ve futuro for wihylrfe as wdl as improving people's undèfstsnth"ng. 8ppwat)n enioym8nl olvrrilthife. A¢countlno pollcles 11 8Bsl8 ol pr•p•ratlon of flnanclal stst•m•nt• fancial stslements ha t>•en prepared in pAord8nce wth tho Charities SORP IFRS 102) - ArLOLbnting and Rep)rting by Charities". Stalemenl of Recomwnded PractiGo applicable to charities preparing their accounts in accord8nc• wTrlh lh• Finan¢ Rgporting Standard applicablo in tho UK and Republic of Irdand IFRS 1021 (effective 1 jary 2019), the Finan¢t81 Reporting Slandard applicablts in tho UK and ReputAic of Ireland IFRS 1021 and the Companies Act 2DJ6. Letestfjrshire and RUllal Wildrfe Trust Limited meets the deffinrtp)n ol a wA)It benefit Mtty under FRS 102. Assets and liats'lilies are inilially recogni3 al hsstorical cost or transaction Value unless otherwlse stated in the relevanl accountsr¥J polKy. Group fancial ststements Th•$0 financL81 statements comprfse the results 01 tho Lelcostershlre 8rKI Ruttar Wlldmfe Trust Limited and its subsidiory. consolidated on a Iln&&y4ir& tMsr&. AH the fInarK ststgwffjnls arg mad? up to 31 Marth 2022. All inlra4Jroup Ir8nsa¢lh)ns. balances and unrealised gains on Iransactlons wllh the subsidiary ar elwnlnated on consdidation. Unrealised h)sses are also olimmated unless the transaclh)n provid•s 0vfvJ8rfj of an imp•innl of the as581 ISlerT•d. Tho Trusfs SlatementolFinanual A13 As pemiitted by Sect 408 of the Compan18$ Act 2006, the Trust has not pr8sentsd its own Statement of Flnanci81 Activities as il prepared group accounts and the Twsfs I1VIdUal balance $18t shows Ihe Twsfs nel nvent offiJnds fmandal year. In accordance 7thlh FRS 102, the Trust has takerb a¢fv8ntage of ihe exempln$ from the IdIn0 disdosure ffjquirements.. S•clion 7 'Stafement of Cash Flows'_ Prnsontalion off a Statement ol Cafjh and related nolej and disclosur&s for the Trusl. S•cllon 33 ' Relatgd PartyDisdosurns'. comp8ftsa1h fthvkeYManagenlIP9150nfteI. The flnanclal ststements are prsp¥ed in stsrflng, Is the fu1)nal cuffency of the charlty, ar¥1 ar& rounded lo th8 neare £1. The fcllowlnu pthclpd accountiry policigs have been applbod: Page 37
LEICESTERSHIRE AND RUTLAND MLDUFE TRUST LIMITED IA campany IlmSt•d by guar•nt••) Not•s lo th• Iln•ncbal •tat•ments For tho y••r •nd•d 31 M•r¢h 2D22 A¢)1¥ polk1 l¢•nUnu•d) 12 Golnq eanc•rn Tho Group o)ntinues to tx4ld bxk folhy•ing Ihe imp¥ts of Cov115 aThJ tr) stall lo impl&monl Ils Strategy to 2030: BringlrMJ Na1? Back n a sU51ainablg vray. This indudes a continuin9 Invesknent lo onhanc8 busirw d•vekpment kn a planned and pruderbt way thot is wllhln tha fnanci81 means of the &oup to alow fvrth&r g¥th kn Later sears. The ImFlementslth of thg n8W strategywill folu4V a tSmetsble vthich keeps the need lor flnanck81 rasIn¢9 firrY in rnlnd. The Twst's subsKliary, Leicesternhire Wlthilè (Sales) Limited fLWS'I. has been partlculaty imp8Cted wilh Ihe dosvre ol Birdlair 8nd the costs assocoted vAth rTriJ down Iheso athilies. but Ihis was partialty offset by rocovory of the contfftuing op9rat)ns of tho $ubsliary in the ffinancial year. However as thè 8ubsKfjary has rwl htstor1fy hekl retald reserves. the Tru81 ha8 plèdged financk418UPPOrt lo LWS. 48 required. for al lèast 12 mmths from the dato of approval ol the finandal statements. The Trust continues to have heallhy osh baanc¢$ and Ihe Trustees have revlewed the Group's lulure Flans for Ihe next finarKial years. d8ta51ed in prudent and conseNatlve forecasts of actfvty and Telated cash.llow ffnpacts In a stil uncertain wcffld. 8ased on thls and Ihe avallable cash resems. tt)e Trustees consider Trth%l has adequa funds and suffnI Qsh flows to me81 its lobililies, and those of its subskjiary undertakirJ as rgquirod. as they f811 du• for at least 12 month$ Iroffl tho dale of apwoval of financiyl stateThnts. The Trusttr&s also consider that the Trusl's anticipated lulure Objectiv can b8 met. The f3ral stst8ments have therefore beon proparad on a goiry COnM bask8. Z3 In¢om• Al inrne is recc¥Jni88d once the Trust has enlillement to tho I[. il is probable that th8 income wlll be rece8 and Ihg amount ol incom8 receivable can be measured rdiat4y. Volunlary Ie, irdudwlg fkn8lls. member subscriptJns 8nd legadtrs, aro recognod whore Iherv 1$ entittemertl, PrObabty cl r¢eipt. and the amount can b& measured reliabty. Donat5 of larKI or other assets aro indud&J at fr v8KJe al dal• of recelpt. Any ¢nOrnent 18 tak8n as the ealior ol: the date on wh• the Trust is aware that probate has been granted: the 8stsle has been fmi8ed and nOti[l10n hos b8en made by the ex&cutorlsl to IINI Tnt that a distribution wi# be ml8'. or a ¢stributw Is r8c8w6d from th8 est81•. Ro¢8ipl of a legaw. in whole or in part. is orty ¢cSIdered wobat4e when the amount can b8 mea5ur•d r¥lL•bly aThJ Trust has been of t1 executorfs Intention to make dlslribullon. VVher8 a legacy has been noufied to the Trusl or tho Trust is aware of the granlNJ of probate. but the criteria for income regn[tIon have rNJI been mel. then thal18gacy is Irealed as contngenl asse( and dis¢k)wl if mat•ro1. Its arn Induded the Sl8tsm4nt of aclivllies on a r8ceivable basis. The balance of IrKome re¢er¥ed for sp8cific purph)ses but Th)1 exp8r¥Jed durir@ p&riod is shown kn Ihe r61evant on the $h8•L Wher• irKonw is rocaed In alln of enlitlernonl of recelpl, bts reccwitbn 18 del8rred and auded h ¢reditorn as deleffed income. Where Rental on lèased op8ralirwJ l•asos is roco9nised on a straigh14ino be$ ¥estrMnt inrAJme is recognlsed on a fecefv8lA8 basls. Pago 38
LEICESTERSHIRE AND RUTLAND LDUFE TRU8T LIMITED (A compwry Ilmlt•d by Ir•te•l Not•• to th• lth•n¢l•l Jlat•m•nts Farth• ye•r•nd•d 31 M•rch 2022 Ae¢ountlng pollchs Icontlnued 2.3 In¢om• l¢ontlnu•d) Inrnme dlrect from charttablo athiti•s1s fecTrJnlsed th& Trust Ls legalty entltknj to Inrne and th8 arno1 cèn be SUred reliabty. 2A Expendlturn Expenditure is recognised onc8 is a legal or eA)nslw¢tNe obgaI}n to Iransftr enDM1¢ benefit to a third party, il is probable that a transfer of economic benefit$ wil be required In settlemenl and Ihe amount of the obligatbon can be maasured reliably. Exp8ndlbJrg Is ¢la$sifigd under charitable aclivity ralhor than the of oxpenso. In order to provkje useful informatK>n to users of Ihe financbl $tal$mgnls. Expendrture on falslng funds Includes 8118xpendSlure Incurred by tho lo iaise luThJs lor its challtablg purposès indudes costs of Hll fundrai%ing adNits•s gvents nonwcharitabkn trading. Expendiluf• on charitaU8 actwits comprise both dir8cl axponditure. Ind[1 dlrecl Staff costs attributable to the 8¢tNity, and support ctsts. Wheffj costs cannot be direclly attributed lo particular twadings tw have been amacated lo aclNilios on a basis consistent w¥lh use of t resources. Support and goveman¢e ¢08ts whKh cannot be direcuy a1jIed to a sFttific activity have been spllt across the tO8t C8tewrie8 on the same percentsge as stsff costs Incurred. All expenditure 1$ indus1 of IrrecoYorabl• VAT. IS Voluntsry h•lp In accordance with the Charilies SORP IFRS 102). no value has been pul on tho help rec8fved by Ihg Tru$t during thè y881 from volLmtsèf3 of tho Twsl. Additional informalh)n about tho contribution mad8 by voluntèers is given in Iha Rert ol Ihe CourKI. 2.6 Taxatlon The Trust Is conshderèd to pass the losfs sol out In Parag¥aph 1 S¢W8 6 of th8 Finance Act 2010 and Ih8reforo it megts th? d•finitMJn of a charrtabl8 compary for UK corporali¢)n lax purposes. A¢cordiWy, Ihtr Trust i8 PJtenti8ty exempt from taxation In respect of Income or capltaS gJinS recelved With catego5 covered by Chapter 3 Part 11 of the Corporalw)n Tax AGI 2010 or Se¢tlun 256 of the faxalion of Chargeabbg Gains Acl 1992, 10 th• 8xt8nl that such income or gains are appli9d exdusN•ly to charithblg PUTf•)S•S. The non<h•ritat4e 8ub8hliary ¥11 be subject to cratIon Tax w any profits Th)1 gift aided to the charitable parenL 17 T•nglbl• Ilxed KI deprn¢latlon Tar&W fixed ¥ts $ting £500 mre are Pitals•d and reoJgnLsed vthen futur• economlc benofils are probable and th• cost or value of the 88S8t can be m8a$ured rellabty. All other expenditure is charg•d to the SOFA in the ye8r InvJrred. Tangibts fixed assets are iniiiylly recognised al cost. After recognil'on. und•r lh• cost model, t8ngiblo rixfjd assets 8r• measured at cost lèsg acMU18ted d•prnC4atW and any accumulated Impairmgnt losses. All costs incurred to brirvJ a taryiblo fixod amot into it6 Ditond•d w01n9 condition should b& included In Ihè mÈa8urernnl of cosL Page 39
LEICESTERSHIRE AND RUTLANO WILDUFE TRUST LIIAITEO IA comp•ny by w•r•nte•) Not•s lo th• flnJnelal st¥t•m•nts Forth• y••i •nd•d 31 March 2022 A¢¢ountlng poll¢l•• leondnu•d 2.7 Tanglbltr fixed •••ets and d•pr•clatlon (contlnwd) Depreaalion is tharged go as to a¥ocate the of Iwqlbk fL%ed assets. l•u Iheir residual vabJ8, over Iheir aslimated lives. Oeprecktion is on the folbknJ basos: .Yea . 26 yews Freehold bu'ldirys Leas¥hc4d buil¢thng$ Heritage ass815 Motor vehK4es Fixtures and fittw Compuler eqUipnI Tools and aquwnt Herfla asset8 rspresent the naTe reserves portfcllo of th8 Ttusl and ave capitalised al co$1 al th8 dale of additK)n. Heritsge assets are not daprecTrated a5 Ihe fvJuTe relates lo sand maklng up lh8 Trusvs nature re5eNes. Where bulld1$ occw on those reseNts. tre Tw51ees consKJw the anKJunt insignlfiwt and thus any deprecialbon WOLAd be immalerfal. The Tru$l M81nn9 its herilage &ssets 41 a[dance with ts char[tse objects and its $tateil Development Slralegy. Thè livestl 1$ Vol at its exiytwig use valuo by tho Trustees. Revalu#lIo are shown 86 other recognised gains and losses wilhin the SOFA LNe$tock is used Ni the management of the nalure resefves and not as a comrnorcial venturé. - Sar$ -SarS -5yBa - Sar$ Inwaum8nl The assets. resldua values. usafvl h'¥8s and depffjdatw)n Meth3S are reviawed, and adjusted prospecuvety If approprfat•, N If there Is an kndlcaith of a slgnlfi¢ant thwge sinG• tho lasi r¢kw)rting dole. Shorrfdls belwèen tho cwyiry of fNed asyts recoverable amounis being Ihe higher ol fair value les$ w$ts lo $811 and value-inryuse. arts r8cogrused as impairmonl losses. Impairments of revalued •ssgts arn trgatgd as a raluthn 1058. Wl othor impawmènt k)sse¥ are recognlsed Wi tho SOFA. Recoursed nrmentIO$S¢S ar8 r8ver8ed if, arxl onty If. Ihe rèasons for the irryirment1086 havg ceasad to 8ppty. Rever8als ol impainnenl k)sse$ are reco88d in the SOFA or, for revalued assats, a$ a revaluation gain. On revwsal of an impairm8nt loss. Iha d8pred8tion 15 adj41 lo allocate the assets rwsed carwry amount (less any resklua vau8) over Its remalniF¥J life. 18 Inv••tm•nts Listed 1veS1men1S ar• st8ltoJ 8t f•r vakn. Bolh realisèd aNI unrei5od gwns and losses are Shown the SOFA. logglher with nat gns and h)sses arising from rayaatn$ and dispos81s throughout year. The lair vauo of an investhrt qwted on a I09n1 $ck 0xdnge is deemed to bé the quotation from that Sd( exchange. Inve8lmgnt wawti6s are ¥iiliay meosured al cost and UenrfY measwed al faw vahje at each balance sho8t date. Changes in laVa* aro rer4inised Ihe SOFA. Inveslments In subsrflbath wo VaMd at cost less prtrAsk)n for Impaknwnt Page 40
LEICESTERSHIRE AND RUTLAND LDUFE TRUST UMITED IA eonwThy Ilmlt•d by guarnnt•• Nots4 to th• flnanclal ststsm•rrt8 For th• y••r ond•d 31 Mah 2022 Ac¢ountlng pol1cl {¢onllnu•dl 2.9 stock• and work in progress Slo¢ks consists ol shop slo¢k pUd for resale. Stock is Vaed al the lower ol cost and rb8t reolisabl8 value after making dua 8llovJnc8 obsolete and slow-mving 8to¢ks. At #ach reporting d810. the Trustees bss8ss wh&lher stocks are Impaired or If any Knpalrm•nl l)ss r•cognised in Prr periods has revets•d. Any excess of the carrwng amount of stock over ils Srnald sgFliwJ prlco less costs to CoMet9 and s•11 * rncognlse(18s an impairment 10s8 In the SOFA. 2.10 Debtorn Trade and other debtor$ linduding aCCFu8d irwff) which are recelvable thIn one year aTe recognised al the setuemert amount after why tr&Je discount off¢rgd. Short-term debtors ar& subsequ¢ntly measured at amorttsed ¢osl, boing th8 transa¢tK>n pri1•s9 any amounts 88ttled and any impaiThnenl losses. 2.11 C••h at bonk and In hand Cash al bank and in h8ThJ IrKludes cash arhj $Irt-1¥1M highty h'quwj invesiments with o short malurlty of three months Of less from Ihe dale of acqui$ilKJn or openmg ol Ihe dsposit OT similar account. 112 Ll•bllltl•s and provllon• Liabilities are recegnised Wft thore k8 an otd1gatn al the Balance sht datts as a r8sull of a past evènt, it l¥ probabl8 that a transfer of econom benefil wdl be required in 8etll8m8nt. and th8 amount of the settlement can be o$timated rgliabty. 2.13 Flrwnclal In8trnm•nts The Group onty has finar181 assels finand81 Irdbllitigs of J kind th81 quallfy as b8slc financlal inslrumtrnts. 88slc finanrial in$lruments are initially recognis•d al lrnnsa¢tion value and $ub$equ&ntly measured al their setdem&nl value with tM ex¢eplior4 of irwèstm•nt5 in share and property. The investments are inikn'alty recognBed al IrnnSacTh velug and subsequ•nty measured 81 fair v8lu through th• SOFA 114 Op•ratlng l••••s Rentals pa¢d undef operab'ng ka8es aro tharged to the Congolbjaled Jlaternent of finanGial a¢iwilie$ on a strah141 basls ¢)vet thè leasg lerm. Page 41
LEICESTERSTrIRE AND RUTLAMO Y•lLOUFE TRUST LIIATED IA company Ilmft•d by guarnnt••l P4ot•s to th• Iln•Klal Btsl•m•nts For th• yaw •nd•d 31 March 2022 AKountln9 polle1 {¢ondnwdl 115 P•n•lo Current Trusl pgrsonnel participale in a derm conlfibulK)n $takehoPJer scheme. Some Trust p8rsonn&l partpated in a defrnd benafit scheme that has be ¢bsed to nèw m8mber& and further a¢¢rual of penslon. ThB pensK>n charge represents the amounts pay8ble by Ihe Group to the fund In respect of the y8ar. The assets of the schem8 are h8kl separatety from IFw)se of the Trust in sn indopendenl admlnislared furKI. Differences beTr ntributIonS payatAe in ar and wntTibulltsns paid aro shown dther •s ¥TU$ of prop8. Defmed norIt scheme The Trust partithpates in The WALlits Trust PensiDn Scheme, tlch is a m1•Mpy8r pensl 8cheme whth provide8 benefit$ to its m•mber8. Typically deflrtd b8nefrt rlans d9ffi an amount of pension benofit ihat an emtyoyee wim receive on retirement. usuoly doJen1 C ong or more factrys suth as age. years of s8Nice and cornpensalknn. The 118bility ree(Jnlsed on the balarr4 sho91 in respecl of defitwd benefit penSn plans 18 the present value ol the defin¢d bonefil oNigalKJn 8t th8 end of the reForting p6riod 18$s tho fair value of plan assels. The dgfnèd befil 0WJ8t 18 c•lgJ8ted annually by independent actUaS using thè PTOje¢tad unil crèdit method. The presènt value of the defined bMfit obligatitsn is delermlned by discounting the estimaied future cash oufflow5 using inknsl rates ol higrqualitY corporalo bonds that are danominaled in the currency IN which the knefits will be pa1. and thal have terms of malurity approximating lo tenns of the rdated penSn oblwion. R8-measur8menl galns losses arislny from experience adluslments and chwggs In actuaiial as5wnptkn are chargetl to other gains and losses kn the perb)d In Wch IY arise. The amunl charged or cxedil to inleresl $xpenses bs 8 net inlernsl •wK>unl le)joI9 by appwng the ablity discount rate to tho Mt dtrfin8d benefrt ligblity or 8ssel. 116 Fund •c¢ounllnq A¢cumLAated chaTttaW funds funds are whreslricted lurth whth are available for use al th discretion of Tnlslees in furlF of Ihg general objectives of the Group and vthich h8v8 not been designated for ots pu()$8$. DeSnated funds compiise unrestrcted funds thal have boen Set aslde by the Truslees for partlcular purp)ses. The alm aThJ of each de$Val¥d lund 15 set ¢xrt in the notos lo the financlal staternènts. Rgstricled funds are fiJ$ whic* ar• to b• used In accordance with specific r•slrthn$ Imposed ty doncrfs or whth havo been raisgd by Ihe Group for particular purposes. The Costs of roislNd arKI adminL%tsring suth fijnds are charged against the speafic lund. aim and use ol eaGh restricted fund is set out in fv notes to lh8 fifiala1 stai8Thnts. Page 42
LEICESTERSHIRE AND RUTLAND WbLDUFE TRUST LIMITED A ¢ompany Ihtt•d by yrIn1•e) Notss to th• fln•fi¢l slal•m•nts Forlh• y••r •nd•d 31 lA•h 2022 Crllk•l •¢¢ountlng Htlm•t•• Ind •rou ofJudgm•nl E81imat8s afvj 9nnIS ar8 Djnlinualy ovaluated and arè tmsed on histariral experl8nce 8nd other faclors. inchjding expedalK>n$ of fvlure events that are bolwod lo be rea80nablo under tho cii¢umsIan. Cillca acCon9 estimates and assumptb)ns: The Trust Makes estimates 8rnd 095umpth)ns concerning tho future. The ia$ulting axovnlhg estimotes d assumptron$ wll, by definition. sekjom equal the rtrlatsd actL$81 results. The esllmates and assumpbons that hove a sbJnifKanl risk of causwiy a m8terial adjuslmer¢l to the orrying amounts of assets arKI lb.1S Wtthin thè rxl financial are diwsed b•b)w. penSn scheme The present valuo of Iho defined tértefrt liabilty on 8 number of Ir8 ihat afe delem)w)gd on an actuarial basis using a varitsty of assumptions. The assumptions used in determining Ihe nel cost or incom8 for pensn3 It)d Ihe discount rale. Any charMJes in these assumptions. whith are disdosed In Note 29, wil impact the carrying amount of the pension liability. FLJrtherrMfe. a ronforward approach which projects results from the lalesl full aCarial valuation perf0ml on 1 April 2019 has been used by thet actuary In valuing the ponsion liabilty al 31 March 2022. Any tllffgrences between the figures derlved from the roll forward 8pproach and a frjl actuarBI valuation WOLld impact on th• carrying amount olthe penslon liability. ytic81 arnas ofiudgmonl.. The Trustèes (*) not consi(ier thal there ffj any area of crikn'c£l judgmenl whlch would h8Ye a $NJnifwt effect on amounts Cognised in the financial slatements. Page 43
LEICESTERSHIRE ANO RUTLAND WILDUFE TRUST uMifEO (A conyany Ilmitsd by gu•rts• Ngt•8 10 th• Ilnancl•l %tatem•Tht¥ For th• y•Jr •nd•d 31 M•rch 2022 Incom• from don•tlon• •nd leycle8 R•trictsd Unr•$trlctod funds fund 2022 2022 Tot41 funds 2022 Total funds 2021 DonatiC and slmllar Income Legaoes Members subsryipltys indudirwJ gift • 177.671 9.817 77.701 155,216 611213 255.3n 165.033 611.213 398,178 258.694 571.634 187,488 844.130 1,031.618 1,228.506 Total 2021 389.983 838,523 1.228,506 IrKgm• Irom charltable xtlvltl•¥ R•strlcted Unre•trkt¢d lund¥ funds 2022 Totsl fund¥ 2022 Total funds 2021 Consult8rry fee8 British Bithalching Fair Grants Liveslock Rental ineome 424.669 424,669 287,810 45,281 490,276 1, 153 6.370 235.930 7.489 136,09D J72.020 7,489 668,088 136.090 804,178 830.890 Total 2Q21 640.264 190,626 830,890 Pagè 44
LEI¢E8TERSHIRE ANO RUTLAND WILOUFE TRUST UMITED IA ¢omp•Thy Ilmlt•d by guarnTht•el Not•¥ to tho flnonclal $tal•m•nts For th• y•ar •nd•d 31 M•rch 2022 Qr•nts 2022 Pogreg819 ItMlustr*8 Limited H•riWè Loitery Fund Hsc Cement DEFRA Single Farm Payment DEFRA cntry5Je payThent Emest Cook Twst GranIapO Royal Society of Wildllfo Trusts Charnwood Fofesl Llving Landscape Natural Engl8nd Twycross Zoo RuNand County Counal D8Partmgnt for Work and Pensions UK Govemm8nl Coronavirus Job R8tenlion S¢heme Grant othors 30.013 40,388 2,736 69.890 38.052 18,011 9.158 77.309 28,821 10,000 8.000 8,000 SNI3 18,214 7,985 372,020 Income Irom other tr•dlng •¢iMtI• Unr•strlct•d fvnds 2022 Total lund$ 2022 Total funds 2021 Shop $018s 27.253 27253 6.709 Pag8 45
LEICESTERSHIRE AND RUTLAND MU)UFE TRUST LIMITED IA CorynY Ilmll•d by guw•nl••) Nots5 to th• Ilnanclal •tat•rn•rbts For lh• y•aT •nd•d 31 MJfch 2022 Invtslnnl Income Unr•itrict funds 2022 Total funds 2022 Tt)tal funds 2021 Incom• fr¢#n inv8slm8nt proFerties Irhcome liom IlsleLI knveslmenls Incthne from cash inve$lments 36.251 3,894 36,251 27.309 4.006 1.367 647 40.792 40.702 32,742 AnJtysl8 ol •xpendlture on r•l8lng funds Gen•r•tlTrg Funds Retsll Op•1•onI In¥e4Jn•nt mgt cots Tol•l 2022 T&1 2021 Shop ExndItUrn k1amr$hIp C(ynrT4510n Trust Support Casts Salary Cosls sto¢kbrc*er fees Rental Cdlecli 17,16T 17,167 184,206 58.806 103,381 1,388 1,825 2,515 29,702 65,648 73.094 1,238 1.64T 184.X 103.381 1.388 1.825 17.167 3,21) 366,775 173.844 Page 48
LEICESTERSHIRE AND RUTLAND WILOUFE TRUST LIMITED IA ¢gmpany Ilmll•d by guarnnt••) Nots to th• tln8n¢lal stst•rnnl• Forth• y•ar •nd•d 31 IA•rch 2022 Amlysls of •xp•ndllurn on ¢h#rltsb •etlvltl•s WSld15f• In1119 Wllthlf• P•opl• cmpIOn8 Totsl 2022 Tol&l 2021 Noturt Res COVItcY 8rilish 8irdw¢hlng Fair Subsidiwy swJp)rt costs Tw3t SUp[rt Costs Sdary Costs Grants •)d (hjnations mle 1tr2,WJ 86.192 289,115 118.097 9,053 1fj.065 377,019 903,381 289.074 31.399 40.028 9.5T2 383, 096 857.949 17.229 118,097 16,( 87.Y5 202.832 107.489 293.078 181. 467.472 583.561 764.7111 424.539 1,m.101 1,628,34T 10. Analysls of gmm•nce and •upport co•ts Wlldllh In•plrfng WlldlM• n•fAllg P•opl• Champk4 Funds Totsl 2022 foral 2ffdf TNst Support c¢>s Office Costs R8 Ls) 08PTecktwJn Loss on di$posg1 Pen¥hJn tynd 71.Cfj5 7,258 21.282 15 1830 120,3 12,289 36,032 57.871 S.912 17.333 12 1305 38.875 3,971 11,644 280.100 20,430 16391 62 11.478 275,973 34284 81.094 4,792 1.549 19,729 Sub¥thiry wpport 11* OrnGo Costs Dopwialion PIL on distwl Amortlsatkn ol wltal gwant 26.923 24.703 110,WI 124.7031 20,923 24,703 110,8581 1247031 11,392 30, 121 (31,94iJ Go¥•rn•n co•1• 547 4,111 2,783 20,466 41,664 181.985 103.610 58.808 451,892 458.316 Pa98 47
LEICESTERSHIRE AND RIFtLANO MLDUFE TRUST LIMITED (A eompany lknll•d by gunI?0} to th• flnancl¥l •1aI•nts For th• yut •ndod 31 March 2022 11. Audlto¥•' r•mun•r•tlon 2022 2G121 Fe98 payable to the Trusys auditor for the 8udil of the Trusf$ anN81 accounts 16.500 22,500 Fees payable io Ihe Trusfs audttor In respKI ot. Audit of subsidk3ry Company Tax complonce service Other nonvaudit servic8s 6Noo 800 1,600 1,850 12.200 11 Staff ¢o$ls Gmup 2021 TTUSI 2022 Trnst 2021 2022 Wages and salarles Social security costs Pen51on ntributI)n5 951.016 79,004 56,743 816,7C 67.525 46,809 668,212 57.057 40.891 SS0.980 47.506 31. 184 1.086.763 931.043 766.160 629,670 Tha avorage number of persons employed by the Trust thJrhFV the yw was os foll$.. Oroup 2022 Group 2021 Trust 2022 Tmst 2021 No. Managemenl and Adminislratk)n Charitablè ACtryt1•S 15 26 12 23 12 15 41 30 24 The 8vwggo number of employees in Ihe Group dwro th8 >wr was 34 12021.. 321. on a fUltime equival8nt b5. The numbfA of empknyees whose omFkne benefts l•xduding •mpknyer pènsirln cost$) excèeded £OO.01)O was: Group 2022 No. Group 2021 No. In t baThJ £60,001- £70.0j Pago 48
LEICESTERSHIRE AND RUTLANO WILOUFE TRUST UMITED IA GarnpaThy Ilmll•d by guarnntsel Not•¥ lo th• IInanC+ Bt•t•m•nts For th• y•ar •nded 31 MJrch 2022 13. Trusl••#' r¢mun•rnllon and •xp•nM• The Trustees re¢E4Ned no remuneration and were not reimbur8ed for any of their 8xp•ns8s in the ar. The key management personnel of the GrDUP comprise the Trusleos the senior slaff, namety the Chief Exoculive Officer, Head ol ConseNa1 and Head ol Engagemanl. The 88nior 8tsff are fe8ponsible for Ihg day-ta-day ruMlThJ of Group. Tha total of key man&ment personnel benefits for yoar was £158.26312021.' £140,250). 14. Taxatlon 21122 2021 COryratIon tsx Current lax w nel leXwndhurenCOrne for the ypar Adjustmenls in respect of previous parkxts {1.732) 1,732 T•xatlon r*n n•1 l¢xpendltw•)nncomt 1,732 (1,732) As rted in tho attounlfjro the Trust is polenliamy exempt Irom taxation in respècl ol income or capital gains r$c4hv¢d within categories covered by Chapter 3 Part 1101 the Corporalitsrt Tax Act 2010 or Section 256 of the Taxattsjn of Chargeable Ga5 Act 1992, to th8 extènl Ihal such in¢om& or gains are applied ex¢lusively to charilatle purposes. Th8 nonthrltsbkn subshjwy Is subjed to CorporatM)n Tax on any proffts not grfi aKled to the tharitable parent. Page 49
LEICESTERSHIRE APID RUTLAND WLDUFE TRUST LIMITED (A camp•ny Ilmlted ty gu•rant•• Not•• to th• fln•nGW stslwn•nts For th• y••r •nd•d 31 M•r¢h 2022 Lriasto¢k Is vatued al ther fair value at 31 March 2022 by the Tw8te65. Induded wilhin land arJ buldmg8 above is freehokl ld arJ buildings wtth a nel book value al 31 March 2022 01 £228.605121Y21- £232,376) and long leasehold buildir48 With a nel book value al 31 March 2022 01£831.082 (2021.. £877.0411. H•rlt•g• Herilap assets ropresenl tho TrUS nature reserv95. maintained in acc(wdanc8 with the Tnjsfs charilable obiecls and slated dwdopment strategy. wIKh irKlude public accgss and educaOn81 purposes. The Trust conlinually seek to expaTrJ its portlolio of nalurg re58rvgs. in Ie with the above 8nd k41owing Ils acqui8ithJn Fdy. Tle nature reserves ale an 8ssenb.al part of th& Trust's work aru ¢Jnsequ8ntty li is rK>t tho Trusl's polcy lo dlspose ol any. Flvè y•ar Summary of hertt•ge w•t transactlom: (knup and Tr¢ 2021-22 102,133 245.225 2020-21 2019-20 2018.19 2017.18 18.000 Poge $2
LEICESTERSHIRE AND RUTLAND YOLDUFE TRUST LIMITED A comp•ny Ilmlted by quar•nl••) Not•s tg th• fln4n¢W •t•tsmw For thè y•ar •nd•d 31 March 2022 16. In¥Htm•nl prop•rty Group and Tru8t The Group's and Trust'8 Inve51nt PTOPertlos ¢omprfse bulldings and r818lbd land al or near Ch8rnwood Lodge Nature Res•Nt, and part of The Old Mll, 9 Soar Lane. L6$t&r which is kased to Ihlrd pety. Inv•$tm•Trt prgperthj Valuatlon At 1 ApFil 2021 620,0011 At 31 M8rch 2022 62D,000 The buildings and related land 8t or n8ar Chamwood Lodgo Natu Reseprfe w•re revalued ai £520.000 by Malher Jamie. Chartergd SuNeyors on tré 31 March 2021. Th8 part of the propety 8t The Obj Mil. Soar L¥. Leicestsr whth is 1g•$ed oul and treated as an Inveslmenl proparty was revalued al a fait value 01 £1C4).000 by Mather Jamie. ChartÈrèd Surveyors, as at 31 March 2016. Thts Trustees ai¢ ol th¢ opinion that the fair vakne has not materially changed at the balance she•t dale. The hlstorlcal cosl of Investrnent propetti88 Is £181.183 {2021'. £181.1831. The Revalualton Reserve of £478.030 (2021.. £478,230) knduded in D•$vdnated Funds 1h1n tha 881anc Sh¥el arises from tho swr-end revaluatio ol Investmenl proporties and investments, less th8ir hlslorkal costs. 17. Flx8d aM•t InStMents Llstod Inv•stm•nts Group CoBt or valuatlon At 1 April 2021 Additions Disposals R•volu81ions 210,048 20.780 120.728} 2.464 At 31 March 2022 213,364 Pag? 53
LEICESTERSHIRE AND RUTLAND V•lLOUFE TRUST LIMITEO IA comp•Thy Ilmll•d ty gu4rnnt••) Not•s lo th• Ilnanclal stthm•nts For th• ygJr fjnd•d 31 M•rch 2022 17. Flx•d at Inv•stm•nts Icontlnu•d) Inv•Btsn•nt In Irading Inlnents •ubgidiary Total Trust Cost or valuallon At 1 A4)rll 2021 AddilDns Disposds Revauatio 210.048 20,710 (20,7281 11x1 210.948 20,780 120,7201 At 31 March 2022 213.364 100 213,464 Thè historical cost of shares held al 31 Marth 2022 is £173,63512021.' £183,676). Th& fO1)wing nstments gach ex¢eed 5% of the tota value of shale Investments: Jupller Funds Managers UK Inc JP Morgan AM UK Ltd US Equity Inc Impax Envko Markets Jup¢ler UT Manager5 Ecology Inc T Bailey Fund 5.14 11.23 6.75 6.95 7.02 oth•T Inv••tm•nts Th8 Trust, abng with six olher Wihjfrfe Tru$ts. ha$ estat4i$h8d Wildlrfe Fundraising Icentrall Limited (company numb8r 083722181. ompany Smiled by guarantee. Thig company undertak•$ m?mbgrship recrullment lor the severt Wlthlfe Trusts involved. As a member of the company, thè Trust's liabilltles are limlted to t1, being the arnount that each memb8r urKlertak85 to conlribule to the assets of the company in the *v¢nt of it beitYJ wound up. The Twsl. in comrnn the other participaling Trusts. has also contrlbuted loan financ8 to the compary. This is reflected in the debtors for both th& Tiust and Ihts Group (see Nole 19) and b described furlher In Note 32- Related Party Transactlons. Page 54
LEICESTERSHIRE AIIO RLrrLAND WILDUFE TRUST LIMITED (A ¢omp•Thy lknll•d by gu•r•ht••) Mot•s to lh• Ilnancl•l statam•nts For th• y•ar •nd•d 31 March 2022 Inv•#tm•nt In tr8dlng suhldlwy The investment in Leice$lèrshire Wildlile (Sales) Limited Icomp¥ny number 023475731. 0 company inoJrporat8d in the UK. represent8 a 100% hohjing of the trading xub$tdiaWs share capilal. The companV8 registered office is at Th8 Okl Mill. 9 Soar Lan8. Leitéstar. LE3 5DE. Leicesler8hire Wildlife (Sales) Limited undertakes natwe nservat1n ¢ontracl8 wikllife consultancy. tther with ils retailino operatk)n8 arKI the Nnnkng ol the annual Birdlair at Rulland Water. The tradirvJ company donètas Its tsXae profit to the Tnl A summary of rt5 trading resLttts is shown below: 2022 2021 Profft and lom accaunt Turnover Expendbture Other irKorne Interesl recefvable Fair valu8 movomonls 421A96 1480,9851 47,761 30 3,500 341.440 (462.346) 97.456 102 Los• b•lw• t•x•tlon {7.79a} 3.348) TaxalK)n {1.n21 1,732 Loss for the yex {9,$301 f27,616J the betow $haws a summary of it8 balance sheot posi1 as at 31 March 2022.. 2022 2021 8al•nc• ih••t Flxed and current assets Current Ikgbi1ft188 238.655 1273,8641 Z65. 138 P90.816) Tot•1 n•t Il•bllltl•• 135.209) (25.678) Caled up shart capltal Profil and bss reserve5 100 135.309) 100 (25,ZT8) Tot•1 •qulty 13S.209) (25.678) Pago 55
LEICESTERStrIIRE AND RLrrLANO MLOUFE TRUST LIMrrED IA coDwny Ilmtt•d by gu•ranl•• Not•J lo th• Iln•n¢l•l 8tat•m•nts For Ihe y•¥r •nd•d 31 M•rch 2022 Group 2022 Group 2021 Shop 3ck Brdlair slock SA92 5,199 1,533 5.492 6,732 19. D•btor• Group 2022 Tnt 2022 Trust 2021 2021 Du• wllhln on• yur Trade deblors Amounts owed by group (mdor&1rS CorporalKin tax ffjcoveratde Loan lo Wildfile FUrl•Ll1n9 (Centrall Lirniled Piepayments and accrued IrKome Tax recoverable on gift 8ld 69,0 28,058 35.744 73056 27.299 56.480 1,732 10,CI30 88.807 39.303 147.649 67260 144,631 87380 39.303 283.993 178,593 321,291 221.889 The loan to Wildlife ICentraS1 Llniled was repawj during the year. This is explalned further in Note 32- Related P8ty TranSacn8. Pag8 56
LEICE8TERSHIRE AND RUTLAND MLDUFE TRUST LIMITED (A company Ilmll•d by gu•r•nl••) N•)le• t• th• fln•nclal ststwD•nts Farth• y•aT •nd•d 31 March 2022 Cr•dltorn: Amoun1• f•lllng due wlthln one y••r Group 2022 Group 2021 Trn•t 2022 Trust 2021 Other loans Trade creditors Other taxation and social seci¥ity Other creditors Accwa15 and deforred InM0 41.713 61.382 19.344 41,713 53.678 14,636 98.442 18,274 18.548 204773 74.199 14038 18,548 33.044 285,895 63.971 340,037 408,334 139,829 173,998 Group 2022 Group 2021 Trust 2022 Tnisf 2021 Deferred income al 1 Apr 2021 R?50urces d8ferred during th• yfrar Amounts reieas•d from provbJus POriC# 153.396 98.728 196,346 92.511 152,646 (91.761) 1.150 51,000 (1,150) 874 400 (64J 155.778 153,396 56,000 1.150 Deferred incomè relateg to athlances with r8sp8et to consullanw foes, grants paid in advance of enlillement and Osprey cluise bookings for future years. 21. CMdltOfS: Amounts falllng pft•r mor• Ih•n on• y••r Group 1022 Tru•t 2022 Trust 2021 2021 Olher loans 41,713 41.713 The aggregat• amount of Ikablitses payabkn or repayaile or IA Part more than five r5 after the porflng date Is= Group 2022 Gmup 2Q21 Tnmt 2022 rm¥t 2027 Pable or r¢pabIe by In¥lalm•nts 8.513 ,513 Other 108rts relate to a ban from Ihe Royal Society of W"Idlrfe Trusts. Th8 108n Is Interest Iree and Is repaya8 in onnual inslaimgnls. with the final paym1 du8 in S•ptamber 2027. Page 57
LEICESTERSHIRE ANO RLITLAND WILDUFE TRUST LIMITED IA compny Ilmlt•d by guar•nt••) Not•s to lh• fln•ncl¥l stat•Tn•rrts For tho yur •nd•d 31 Mar¢h 2022 Flnanclal Intrum•nts Group 2022 Gmup 2021 Tru•t 2022 Trust 2021 Flnanclal sèts Fin¢181 assets ma5ured al lair vak* thiough iome and expènditure 1.424,791 1,898,514 1290.314 1.698.T47 Finani¥l assets measured at fwr value thrwgh incryne #NJ expenditure Compri86 bafth and cash In hand and listed investmonls. Page 58
nnn ¢• ¢0 ¥8E
l{ii!tllf 511 Ilkl 21 -If
LEICESTERSHIRE AND RUTLANO WILDUFE TRUST UMITED IA company Ilmltsd by guar•nth• Ngt•s to lh• Iln•n¢l •tatsm•nts For lh• y•or •nd•d 31 March 2022 23. Stsl•rn•nt ol fund• l¢on¢lnu•d) Statsm•nt of funds- prlor yr 8818nc& 81 31 March 2021 88lance at l Aprtl 2020 Trnnsfers i0¢ Ga$1 (Losso&J Incomè Exp8ndrtur8 Unr•strl¢lod ftsnds D•slgnated fund• Herit8ge assets and tslher idaled fixed assets Trust dev•lopm•nt fund Penslon costs rund Fixed a$$*1 depreciation fund 1.271,717 (14.762) 1,257,555 1.053.029 8S051 (92,848) 211.388 118.333 1.374,953 139.925 (19, T29) 120, 196 8,046 (4.536) 3,510 2,472. 717 85,051 (131.275) 211,388 118.333 2,756,214 G•n•ral funds cumulated charitabl8 fur 282,088 983.549 (789.470J (221.141) 14.537 269.563 Tot•1 Unre•lrlct•d funds 2, 754.805 1.068.6 (920,745) (9, 753) 132.870 3.025.TTT Re8trlct•d fund8 App•al8- 102,985 10.0 112,985 Charnwwd Foresl L6vlng Landsc3p8 Projèct chaMw¢1 Wlldllower Meadows ProiKI CharnWd WoodlaTrJ T,696 28.607 (26.379) (1,000) 8,924 8.948 18,182 18, 182 Page 61
LEICESTERSHIRE AND RUTLAND WILOUFE TRUST LIMITED IA comp•ny Nmft•d ty graTh•) Notss tg th• Ilnanclal 5t•t•m¢nts For th• y•ar •ndffjd 31 March 2022 3t•tsm•nl 01lund• (c¢)ntSnu¢d) stat•rn•nl ol lund•. prlor year (oonllnu 8alance 81 31 March 2021 8818n¢e 8t l Aprll 2020 In¢ome ExIdTr Galn (LoSsj ioUt D8vld Cock Found81 Forest SCI8 (PPL) Green Inlluencers Scheme (knv Wld Mountsorrel & RotN8y Marshes Rulland Waitsr Nalu¥e ReS$e Rulland Osprey Project Sp(SOr a Cthv Wider Countttle Other restricted funds Land hekl 1h reslrlcled lfftls Fixed assets held wilh restricted fLThJ8 Anglian Water- Leicestsishirè Witdlll8 Sales Limited Birdfair 66.9 (45.473) f3.636) 106.375 18,69) 145.306 (1.947) (136,259J (846) (4,053) 15,857 11.123 6,129 28,282 (2.617) () 25, 165 69,549 23. 102 (,820) 67.414 15.896 12.228 4,652 (10.297) (1.895) 10,251 11.195 54.988 54.988 387.639 766.507 (129.513) (3tr2,261) 122.372 1.058.645 fl.678J 245,255 1.302,222 719,691 2.515 153.220) 39.010 701.996 311.182 106.233 (311.182J (125.434J 19,201 2.476.457 I.030,1 (879.714} 9,753 2.636.997 Totsl ol lund8 4231,262 2.099.101 (1.800.459) 132,870 5,662,774 Pap 62
LEICESTERSHIRE AND RUTLAND MLDUFE TRUST LIAIITED IA eomp•ny Ilmll•d by gu•r•nt••) Not•s t¢ th• flnan¢W •tatsm•nts For th• y••r •nd•d 31 Mar¢h 2022 8t•l•rnenl of funds {¢ontlnu•d> R••trldad funds: Tha Trusl IldS Ihe fc41ovAng restrthd furth: Appe818- Mead¢)ws: FuNlraisiro lo puffthaae al4lsk wldknw mea(h)V. CFRP NF: Nati0Th Forest frjnding to delp4er annual pwgr8mwne of kYa881and. recording and suThey management in the Charnwood ForesL chamW)d For•sl Liry Landscape Proiecl: To work with k¢èl 0P10, fanners landownws to restor• nalure across exter6r48 areas of Charn0d Forest. Charnwood Wihjfiw Meadow¥ Propct: FuThts for purchase of larp machlnery whlch w411 enable management of wildfiower meadm. Ch¥mwc)d WocJland.. FuThJs for vK)dknnd natw• reserve work In Chamwcoj. Day Cock Foundallon." Fjiry to support habltst ImpTovem&nls and consorvatkjn wort( at Holwell Natufe ReseNe. Fortsl Sthools.. Funds to support Foresi SclKJof xbwties 1rdti8lvs. Green Influencers S¢heme'. En$t Cr)k Foundatnlunde0 engagoment coqlesign wilh young people aged 10 to 14 to undertake prryects to imwrv• their environment and lako aGlion. Grow Wild.. Wi[11 gardenTrng service gupporlry se)015, community grosjps and other rl-fOr-profiI orqanisalKJns to make the mosl ol trir ouldoor spaces for tth peoplg and wldlrfe. Mountsorrel and RotNey Marshes.. FurKls for hobital lJO¥tion. resknralion end manogeménl work at Mountsori81 and RotN&y Marshes nature reserve. NE Seedcorn Fur¥J for LNRS.. Nabnl Englar#J furwjed suryey work In Lel¢estarshlr• and Rulland to develop a vIsn for br1ver8. Rutland Osprey Prc¥oct: Funds to establish and mainlain a breethng POPLlal)n of Ospreys around Ruuand Wat•r Nalure Res8fW. RLrfand Watèr Nature Res8ThE.' FLhids for natyrg w)$8rvation at Rutlaryl Waler Nature Rese. Spowr a Cow.. F(rnd$ to SWK)rt Iho work of lh• Trusfs conservatw)n gTozirYJ cèdfe. Wid•r Counlrysid6'. Funds to support naturo ConsepA1K projècts and InknaliS In th• wider ¢ounlydide of L?Kestershire and Rutland. Other restricted furth.. ksc¥llaneous fu18 for varknus nature )ervath)n Irk. Expenditur8 on capitd assats is i)cludgd in T•d a5sots and deprnoated over fv Ilfe of thé as881 in acrdanCe with the accounting rdici88. The depwi•tion is S6t off against the resirld funds whlch1118 reeognised in the accounts. Th¢ tran8f•r• between furhjs are wilh r6sFert to tho mov•monl betswen rè&tri¢lod funds #NI the alocation of stsff costs aNJ overheads pwmllt1 agarnt cèrtain Test¥icl•d funds. Pagtr 63
LEiCESTERSTrIRE AND RIITLAND WILDUFE TRIJST LIMITED IA w•ny Ilmlt•d by guw•) Not•¥ to tho flTr•nC Btat•nwnts For tho ondod 31 March 2022 St•t•rn•nt of fund• (contlnued) Tho folknwiry reslrthd (unds are wiihln (>oup only. An9an Woler - LeolshOre Wlhfif• Ss Umed.' Management of Ruoand W8ter Naiure Rosenrn. Birdfair. F15 related to anrrtwl &rdlaif held at Rulland Water Natu Rtrrve evèry August. Unregtrlctod Funds Wilh the exceplion of Ihe ACCUMsted Charilable Fund hobjs al r)f Group¥ unrestriclod funds whi¢h have not been dewgnaled, the unrestrthd funds rorrt&nI ffinancial res•rves earmerked to mael spocific ¥sw¢t5 of tho Group's o148cts. Deslgnad Fundy Tha de&gnaied fvnds. which are desurbed in detal in the Report of Ihè cTrol, have the folbwing puTroses: Herftsge assets and other rglated fix8d assel3.' Thls fvnd kJene3 those assets mprtso or wlIa to ature reserves, or olher propgrty lorffing inl M of TrtJsV$ operlng rgqulremgnts. whlch Ile thin lh¥ Trusfs ovgrall unreslncted reserves. Trust d•velgpmenl fund.. Thi8 fL)d 1n$e3 assets may ba used to provide fin8ndal r9$0urces towards proi8Cts fwthoring the Twsfs charitable objects,. oi kty operational requirements for the Tru5fs g-term devoknprnenl. This cOd inclde.. land acqui¥th)n for n•tur• r&SerS.. land andlor propoty acquisitb)n to alkn¥ Tru8t lo carry out bts wo¥k effectively, mamten9re enhareM8nI work on existing nature reserves: ethCan projects: ath)¢acy aThJ operational support. At the ar Qnd. the bala Ihis lund was male up a5 Idlows.. 2022 2021 Inwslrnent pror*rtles In4estm•nts 01r cwrent assets 620 723 532 228 1.244 1.375 Ponslon Gosts lund." To Pfovkje 89gknsl IrKreases arisry from pertoth actuarfal revalualkns ol th• defined bertlil ol the Wldlife Tntsts Penslon SchaTh. In th# TrS overall Nabllity towards e11minalg the dofiol vn th• s¢hem? Is•e Note 29). Flxed 8ssel deprecialYJn 11.. To deprecialw)n on S¢lfi¢ lems of slr#tegio ¢apbtal gxpenditure. TraMf•r b•tw••n ftmd8 Where ndiwdl restrfct•d funds hav¢ been used duriNJ the year for capital expendilurè with a re81ri¢18d purp¢$e, IhB expenditure has baen transferred into speuf4c fttrnds Trpr8sentrry all sh restrlcled land hdd and all such restricted fixed assets, as appropriale. The resLAbn9 balances on the indNidual rtistricled funds are thus a dearer r•V•¢tion of ts resowc•s avaikbio to Ihe Trust for exp8ndlture wRhln &a¢h fund. P•ge 64
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST LIMITED mp•ny IlmM•d by gu•rants•l NotsB to th• fln•nclal sl•t•m•nt• For th• y•ar •nd•d 31 March 2022 24 An¥ly•l# of n•t •sset• b•tw•en fund• An•lysl• of n•t a••ts b•tavttn fvnds . curr•nt y••r Restrkt•d Unmlrlct•d lund• lundB 2022 2022 Total funds 2022 Tanglble frxed assets Flxed 8888t inv88lmonts Invostment propoty Current assets cditOrS due within or yvr Credllc¥s In morè than one Or 2,086.231 1,430,621 3.516,152 213,364 243.364 620,000 620,000 624,578 876.334 1,500,912 (112.5591 (227.4781 (340,0371 141,7131 141.713) Totsl 2,598,250 2,871,128 5,469,378 Analysls of net a*8éts bIteTh furth - prlor y••r Res117¢ted Unrestricted funds runds 2021 2021 Tot81 funds 2021 Tanglblo fixed assets Flxed a88et inveStntS Inveslmenl property Current assets Cre<litorB due on• yeai Pn)vtsion$ for liabllllie$ gnd ch 2.007.607 1,446,631 3,454,238 210.848 210,848 620.000 620.OQO 1,243.601 1.872,991 f408,334) (408.334) (86.969) (86,969) 629.390 2,636.997 3,025. 777 5,662, 774 Pagè 65
LEICESTERSHIRE AND RUTLANO WILDUFE TRUST LIWTED (A company Ilmlhd ty guar•nlea) Ngt•s l• Iho flnanclal ststomnts For th• y•ar •nd•d 31 Mareh 2022 2& R•Gonclll•tlon of n•t mov•m•nt In lunds to n•1 ¢••h kn from oper•tlng octlTAtle Group 2011 Gmup 2021 Net in¢omlexp8ndibJe for tho y8w (as per StalornA* of Finanual tThfilies) 1235.003) 416,9T5 AdJu8lM•nts for. Deprecaaknn charges Gains on Investments Divid8nds, inte$1S and rènts fiom investments Profil on the sale of fixed a55ets Decrease in Stocks De¢reaselllncreasel in (leblo Decrease in credStots Defined benefil p¢nsion 8chem¢ st loss con1nbIcrf pay4ble Pension fina Charges arKI adminislraiion costs Taxalion chafge 110,993 Ilf,215 (2,4641 (122,032J (40,7921 (32, 742) 110,390) (254J 1,240 290 1105,400} 10,479 126,584} (163. 128) 152,n31 148.213) 11,476 11,342 (1,732) M•t ¢4¥h provid•d by1(8 In) apernting activiti 1349,6471 182,%KI 26. Analysls of cash and ca$h •qu6v•lents Croup 2022 Group 2021 Ca6h kn hand 1.211,427 1,687.666 Analysls of ¢hang•s In n•t d•bt Othtrr non- C•5h At 31 M•Tch ¢hang•g 2022 At 1 Aprll 2021 Cash Ilow4 Cash at bank and in hand Debt due ¥4ithln 1 year Dabl due after 1 year 1.687.866 (41.713) 1476.239) 1,211,427 41.713 141,713) (41.7131 1.645.953 1476,2391 1,169.714 Page 66
LEICESTERSHIRE AND RUTLAND WILDUFE TRUST LIMITEO IA COMnY Ilmhd by guar4nl••) Nots¥ lo th• fln•ncTral st•t•m•nts For lh• y•ar •nded 31 Ilarch 2022 la. Contlng•nl Il•blllil¢• The Trust is a partklpating eMpt0r ol thg dgfirnd bfil soctKJn of Th Wildlife Twyts Pensic Scheme, a multithemployer penSn SCme, as deScrIt in Note 29. Durry the year ended 31 March 2022. ts Truslèe8 of the Trust were marte awafft of a polenlial is5U8 relating lo Ihe defined benefit sedion of the Scheme. A detailed investvJal)n is ojrrenlty urthTh¥ay to eslablish tho extent to which thig could rèsult In financial liatmlity to lh Trust and other rArttctsttng employers. A8 it 18 not posslble to rellably eslim8ts the valuo of any pJt&ntial bablity, no provIS ha5 made for this In the financlal ststements 8tove tho $ettJng aside ol a designated fuThJ to cover Iner•as8s artsing from perK)dlc aduarlal revaluations of the defined benefil strdion of th8 Sthme {a$ described Notg 23> 29. P•nslon commttm¢nts Tho Tnjst currèntly oper$ t4¥0 schemes: al a Slakehold¢r deffined contrthution sche operntsd by Standard Life aThJ available to all stage. Ptrnsion conlfibulws foi th8 year w9re £53,305 (2021: £46.8091", and l The Wildltre Tw8ts Pensi¢)n Scheme. whkh is devthbtd in d•larf bek)w'. Th• Wlldllf• Tr1¥ P•n•lon Sch•rn• The Trust. togettr wllh a number of olher employers. partdpate$ in the defined benefit sèction of Ihè Wildlife Trusts Pension Sch•me Ith8 Schomel. Capitg Hgrtsh8ad 8dmini$tsrs tho Schgm• and ils assgls, which are held separatety from those of the TrusL The liabi15ties s&1 out in Ihis Th)te have been calculated based ori results of the Scheme Funding Asses8menl as at 1 April 2019. Ltpdated lo 31 Marth 2022. The present valu8 of the defined benefit oNyation was measur8d usY¥J the projecw unil credit method. The Employers have 8gre8d a lunding plan wllh the Trusle8s. vtherety contribukns are mle into the S¢h¥m8 n order lo ramove Ihe lundlno efftclt based on each Employer's share of Ihe tolal Sch¥m• liabl1t1$. culated by the Scheme Actuary as al most re1 Scheme FuTrJlng Assossment {currenlly. 1 April 20191. Th? disclosures sel out below are bastrd on Calculat$ carrd out as al 31 March 2022 by an independenl qLl1fied actuary. The ContributnS pable by thè Trust to thg Schème for lh• w8s £52,72312021: £56,600). Princp actuari assunwtions al th& &*nce sheet date (pSsed as w6ffJht8d avarogesl.. A131 March Al 31 March 2022 2021 Dls¢ounl rale Future salary Inueasès IRPI) Future pension increases Po$t-retireffnt mort81 2.15 3.65 2.85 1.25 1.95 3.45 2.66 1.25 Page 67
LEIGESTERSHIRE ANO RUTLAND YIILDUFE TRUST LIMITED (A Company Ilmlt•d by gUarnnI Not to th• Iln•nclal sl¥t•m•nts For th• y•ar •nd•d 31 March 2022 Pèn¥lon ¢omrnltments l¢onllnu•d) At 31 Mareh Al 31 March 2022 2021 Y••rs Y68rs ytolty rat•s In ye8rs} - fcr a Ma aged 65 now - at 6S for a malts aged 45 rb - for a female ag8d 65 now - al 65 for a female aged 45 Th)w 22.4 22.T 25.0 24.0 23.7 24.9 26.3 26.4 The Grw's shwe of the a55ets in the Sch8 was: At 31 March At31 March 2022 2021 Equities 8oThls 671,388 412.813 28,353 21.548 620,640 416,270 22.588 16. 134 prOTty Cash Totsl f•tr v¥lu• of •sBets 1.134.102 1,075.632 The acknal rolum on assets vms £48.855 (2021- £145.092). The motI recognlsed Sn the Conxlthtsd stslemil of11n8¥aI acthwts ar& as fDHows.' 2022 2021 Current service cost Nel inter¢$t rosl AfJmlnislralNe expenses T•tal omount re¢ognl••d In th• Con$olld•tsd •t8tém•nt of Ilnancl•l a¢tlvltl•i 1.214 10.192 2,599 17,130 11,476 19.729 Page 68
LEICESTERSHIRE AND RVTLAND MLDLIFE TRUST UMITeD A comp•ny Ilmll•d by guarnnt••l Notss ts th• fln•ncl•l sts1om•nts F•x th• yr •nd•d 31 Mar¢h 2022 P•n8lon commltmants Icontlnu•dl Movements in the pr•s•nt valug of the b8rnfi1 otligation were as lo1)W8. 2022 2021 Openlng defthed ben8fil obligatn Actuarial IgoinsyIos868 8enefits paid Adminslralion colts Interest cosl Derecognilion of sulplus 1.162,801 1115,947} (43.1081 10.192 22,352 98.011 1,047.778 113.015 (38,656) YT,130 23.334 Closlng d•flMd beneflt obllyllon 1.134,101 1, 162.601 Movements ift the lair value ofths Group's share of schgme essets wer8 as fdlows.. 2022 2021 OpeniTrJ fair voluo of scheme assets Intere$l incorn? Actuarial gains Conldbub'ons by emplwr Benefits paid 1.075,632 21.068 27,788 52.723 143.108) 912.596 20,735 124.357 56.600 (38.656) Closlno f¥lf valu• of gch•m• •ss•ts 1,134.101 1,075,632 AmrAtnts charyed to net irKome'. The amounts induded in th• Sh¢¢t arisiry from the Trusfs obl*331ions In r8$pecl of dofined b¢n¢fft plans are as fk¥S.. 2022 2021 Prosenl value ol dn¢ b¢Mfft Ot480Th Fwr value of plan assets 11,134,101) fl, 162,601) 1.134,101 7,075,632 f86.969J Pag8 69
LEICESTERSHIRE AND RUTLAND LDuFE TRUST LIAIITED IA Mp•nY Ilmlled by gu•rwrt•el No•Dg to th• Iln•nelal •t•t•m•nts Forth• y•ar •nthd 31 March 2022 30. Opratlno lease ¢ornmltm•nts At 31 March 2022 the Group and the Tt had Commitnnts lo make futwe m5nimum lea88 payments under nonwcanc8llable operating lease$ a5 folhm.. Group 2022 Tru•t 2012 Tfu$l 2021 2021 Not latsr than 1 ytrar Later than 1 and not later than 5 1.1B9 t.783 3.452 2,971 836 1,2S4 836 2,089 2,972 6.423 2,090 2.925 oup and Trust •• L•¥¥or Al the year end. the Group and Trust W conlr8Cted with tenants. under nnCe118ble operalirwa leases, for the folh)wiNJ future ryMnMnum1gase paymonts.. 2022 2021 Less Ihan one ye8r Later than 1 wr and not laler trn 5 years 29,000 13.958 14400 9,500 42,9S8 27.900 31. Council of Trustees Thg Twslees relerred to h th8 in&)rmalion tr) the arurts consllute the dlrncth of thg compary. 31 R•l•tsd paity trnnu¢llo Durin9 the year. the Trust red)arged management charg•s and certain expgnses to ils trading sub$idiary L8icostershir• Wildlilo Isdes) Limited 8mounliry lo £W199 12021.. £81,028) and wero roch96d expenses 01 £38,215 {2021.. £nl) Ai the yaw eThl, tre trust was £73,656 {2021'. £56,480) Irom Leicestershi Wikllife (Sales) Limitad. The Tmst. in parllcipalM)n with sTrx other Wli dlif& Trusls. has established Wildlife Fundrai$h)g Icenliall Llrnlled fwFCLI. whlch pdeS membership re(xuilmnt sep4lces to thosg Wilolife Trusts. In common th t olher participallrvJ Trusts, the Trust has a180 conlTbuled finance to Ihe company. The loan was repaMI dLtrring th8 year an(1 refOre at the yeat-end the bance of thls loan stood al £nll 12021.. £10.0001. The loan ac£wed Interest of 3% above thg Cooperntive Bank pk basg l•rtrJlng ralp. tYJ the sar. the Trusl was cwged £140,486 (2021: £23.247) by WFCL lor s r8cruilrrnnt g•NIc•s. IrK4uded wilhin creditors 8131 Klarch 2022 w8s an ?n01 of £18.96812021.. £nill tyY•d to WFCL. Iring the yaar, Ihe Trust r•c8W dona1K8 totaHirvJ £20,00012021: from tr%1086. P•Je 70