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2023-03-31-accounts

Page
Reference and administrative details ofthe Trust, its Trustees and advisers 1-2
Trustees'
report
3-19
Independent
auditors'
report on the financial statements 20-23
Consolidated
statement
offinancial activities 24 - 25
Consolidated
balance sheet
26-27
Trust balance sheet 28-29
Consolidated
statement
ofcash flows 30
Notes tothe financial statements 31 - 63

(Acompan (Acompan y
limited
by guarantee)
Reference and administrative
details
ofthe Trust, its Trustees and advisers
For the year ended 31 March 2023
Patrons Sir David Attenborough OM, CH, CVO, CBE,FRS
Lady Gretton DCVO, JP
Dr Laurence
Howard
KCVO, OBE
Vice President Mr P LWard MA LLB
Council of Management Mr R D Beams
(elected by Members of Dr A J Biddle
the Charity) Mr J Bleby (resigned 22nd October 2022)
Mr A S Moffat
Ms M Morland
(resigned 26 April 2022)
Dr H M R Nott
Dr SPetrovan
Ms 8 Smith (resigned
Mr AJThorpe
14th October 2022)
Mrs EA Tomlinson
Ms A Wilkin
Mr P D Williams
Mr M Youngs
Company
registered
00561833
number
Charity registered 210531
number
Registered office The Old Mill
9Soar Lane
Leicester
LE35DE
Chair Mrs EATomlinson
Honorary Secretary Ms M Morland
(to April
2022)
Mr P D Williams
(from
April 2022)
Honorary Treasurer Mr AJ Thorpe
Chief Executive Officer Mr M ASingh (interim) (December 2021 to April 2022)
Mr M Hunt (interim) (May 2022 —August 2022)
Mr M Carter (from August 2022)

Restricted Unrestricted Total Total
funds funds funds funds
Note 2023 2023 2023
f
2022
5
Income from:
Donations
and legacies
4 104,900 1,043,213 1,148,113 1,03/,618
Charitable
activities
5 623,175 106,958 730,133 //04, / 78
Other trading
activities
6 76,894 76,894 27,253
Investments 7 62,980 62,980 40,792
Total income 728,075 1,290,045 2,018,120 1,903,841
Expenditure
on:
Raising funds:
Cost ofgenerating
members
subscriptians/voluntary
income
305,802 305,802 346,395
Cost ofgoods sold and other casts 39,724 39,724 17,167
Investment
management
fees 3,702 3,702 3,213
Charitable
activities
9 837,163 853,175 1,690,338 1,772,801
Total expenditure 837,163 1,202,403 2,039,566 2,139,576
Net (expenditure)/income before net
(losses)/gains
on investments
(109,088) 87,642 (21,446) (235,735)
Net (losses)/gains
on investments
17 (15,264) (15,264) 2,464
Net (expenditure)/income before
taxation (109,088) 72,378 (36,710) (233,277)
Taxation 14 (3,573) (3,573) (1,732)
Net (expenditure)/income after
taxation (109,088) 68,805 (40,283) (235,003)
Transfers
between funds
23 (74,677) 74,677
Net movement
in funds
before other
recognised
gains/(losses)
(183,765) 143,482 (40,283) (235,003)
Other recognised
gains/(losses):
Losses on revaluation
of
fixed assets 15 (6,710) (6,710) (4,115)
Actuarial
(losses)/gains
on
defined
benefit pension schemes 29 (74,420) (74,420) 143,733
Derecognition
ofdefined
benefit
pension asset 29 51,642 51,642 (98,01I)
Net movement
in funds
(183,765) 113,994 (69,771) (193,396)

Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
Note E E E
Reconciliation offunds:
Total funds brought
forward
2,598,250 2,871,128 5469378 5552774
Net movement in funds (183,765) 113,994 (69,771) (193,3g5)
Total funds carried forward 2,414,485 2,985,122 5,399,607 5,469,378

Consolidated Consolidated balance sheet
As at 31 March 2023
Note 2023
6
2022f
Fixed assets
Tangible assets 15 3,400,389 e,efs,es2
Investments 17 198,331 213,364
Investment
property
16 620,000 620,000
4,218,720 4,350,216
Current assets
Stocks 18 5,764 5,492
Debtors 19 317,792 283,993
Cash at bank and in hand 1,190,253 1,211,427
1,513,809 1,500,912
Creditors: amounts falling due within one
year 20 (299,509) (340,037)
Net current assets 1,214,300 1,160,875
Total assets less current liabilities 5,433,020 5511091
Creditors: amounts falling due after more
than one year 21 (33,413) (41,713)
Total net assets 5,399,607 5,469,378
Charity funds
Restricted
funds
23 2,414,485 2,598,250
Unrestricted
funds
Designated
funds
23 2,611,927 2,487,794
Accumulated
charitable
funds 23 318,913 274,614
Unrestricted
funds
excluding pension liability 23 2,930,840 2,762,408
Pension reserve 23 54,282 106,720
Total unrestricted funds 23 2,985,122 ze71,12e
Total funds 5,399,607 5,469,378

Trust balance sheet Trust balance sheet
As at 31 March 2023
Note 2023
6
2022f
Fixed assets
Tangible assets 15 3,344,776 3,454,524
Investments 17 198,431 213,484
Investment
property
16 620,000 620,000
4,163,207 4,287.988
Current assets
Debtors 19 356,311 321,291
Cash at bank and in hand 1,067,419 1,076,950
1,423,730 1,398,24'I
Creditors: amounts falling due within one
year 20 (161,970) (139,829)
Net current assets 1,261,760 1,258,412
Total assets less current liabilities 5,424,967 5,545,400
Creditors: amounts falling due after more
than one year 21 (33,413) (41,713)
Total net assets 5,391,554 5,504,587
Charity funds
Restricted funds 23 2,414,487 2,598,251
Unrestricted
funds
Designated
funds
23 2,611,927 2,487,794
Pension
fund
54,282 108,720
23
Designated
funds
23 2,666,209 2595,514
Unrestricted
funds
23 310,858 309,922
Total unrestricted funds 23 2,977,067 2,905,436
Total funds 5,391,554 5,504,ee7

F or t he year ende d 31 March 2023
2023 2022
8
Cash flows from operating
activities
Net cash used
in operating
activities
(75,653) (349,847)
Cash flows from investing
activities
Dividends,
interests
and rents from investments
62,980 40,792
Proceeds from the sale oftangible
fixed
assets 7,200 11,450
Purchase oftangible
fixed assets
(15,932) (178,782)
Proceeds from sale of investments 61,688 20,728
Purchase ofinvestments (61,457) (20,780)
Net cash provided
by/(used
in) investing
activities 54,479 (126,592)
Cash flows from financing
activities
Net cash provided
by financing
activities
Change in cash and cash equivalents in the year (21,174) (476,239)
Cash and cash equivalents
at the beginning
ofthe year 1,211,427 1,687,686
Cash and cash equivalents
at the end of
the year 1,190,253 1,211,427
The notes on pages 31 to63form part ofthese financial statements

Restricted Unrestricted Total Total
funds funds funds funds
2023
K
2023
6
2023
f.
2022f
Donations and similar income 99,900 228,007 327,907 255,372
Legacies 5,000 168,688 173,688 165,033
Members subscriptions including gift aid 646,518 646,518 611,213
104,900 1,043,213 1,148,113 1,031,618
Total 2022 187,488 844,130 1,031,618

Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
8 E
Consultancy fees 516,952 516,952 424,669
Grants 106,023 106,958 212,981 372,020
Livestock 200 200 7,489
623,175 106,958 730,133 804,178
Total 2022 668,088 136,090 804,178

2023
E
Hanson
Cement
2,500
DEFRA Single Farm Payment 59,366
DEFRA Countryside payment 42,432
Royal Society of Wildlife Trusts (PPL) 98,183
Trent Rivers Trust 10,000
Wild Flower Society 500

Unrestricted Total Total
funds funds funds
2023 2023 2022
6
Shop sales 73,163 73,163 27,253
Other income 3,731 3,731
76,894 76,894 27,253

Unrestricted Total Total
funds funds funds
2023
F
2023 2022f
Income from investment
properties
41,631 41,631 36,251
Income from listed investments 5,282 5,282 3,894
Income from cash investments 15,497 15,497 647
Profit on sale offixed assets 570 570
62,980 62,980 40,792

Generating Retail Investment
Funds
6
Operations
6
mgt costs
6
Total 2023 Total 2022f
Shop Expenditure 39,724 39,724 17,167
Membership Commision 158,254 158,254 184,206
Trust Support Costs 53,173 53,173 58,808
Salary Costs 94,375 94,375 103,381
Stockbroker fees 1,479 1,479 1,388
Rental Collection 2,223 2,223 1,825
300 002 39724 3 702 349 220 366.775

Wildlife Wildlife Inspiring Inspiring Wildlife
Havens People
6
Champions
Total 2023f Total 2022
Nature Reserve 91,761 53,799 145,560 269,185
Consultancy Work 143,407 143,407 118,097
British BirdiNstching Fair 9,053
Subsidiary
support
costs 16,906 16,906 16,055
Trust Support Costs 175,733 180,822 59,714 416,270 377,019
Salary Costs 448,454 371,703 148,039 968,196 983,382
110048 606324 300 006 1 600 338 1 132801
Analysis ofgovernance and support costs
Wild8fe Inspiring Wildlife Generating
Havens People Champions Funds Total 2023 Total 2022
6 6
6
6
Trust Support costs
Office Coals 106,034 109,105 36,031 32,084 283,254 288,100
RSWT Levy 10,302 10,600 3,501 3,117 27,520 29,430
Depreciation 29,571 30,427 10,048 8,948 78,994 86,291
Loss on disposal 6,633 6,825 2,254 2,007 17,718 62
Pension fund 11,852 12,195 4,027 3,586 31,660 11,476
Subsidiary
support costs
Office Costs 24,016 24,016 26,923
Depreciation 16,723 16,723 24,703
P/L on disposal
Amortsaiion
of
capital grant (7,110)
(16,723)
(71110)
(16,723)
(10858)
(24,703)
Governance costs 11,341 11,670 3,854 3,432 30,297 20,468
175733 180823 76620 53173 486349 451,892

2023 2022
6 6
Fees payable to the
accounts
Trust's auditor for the audit of the Trust's annual 16,100 16,500
Fees payable to the Trust's auditor in respect of:
Audit ofsubsidiary company 6,915 6,400
Tax compliance
service
865 800
Staff costs
Group Group Trust Trust
2023 2022 2023 2022
6 E 2 5
Wages and salaries 750,265 668,212 750,265 668,212
Social security costs 67,996 79,004 49,692 57,057
Pension contributions 44,940 56,743 33,234 40,891
863,201 803,959 833,191 766,160
The average number of persons employed by the Trust during the year was as follows:
Group Group Trust Trust
2023 2022 2023 2022
No. No. No. No.
Management
and Administration
13 15 10 12
Charitable
Activities
20 26 15 18
33 41 25

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2022-23
2021-22 102,133
2020-21 245,225
2019-20
2018-19 18,000

o/x
JP MORGAN
FUND ICVC JPM US EQUITY INCOME C2
11.31/o
NINETY ONE FUNDS SERIES III GLOBAL ENVIRONMENT K 6.89'/a
IMPAX FUNDS (IRE) ENVIRONMENTAL
MARKETS(IRE)
6.87'/a
TBEVENLODE INVESTMENT FUNDS ICVC GLOBAL INCOME 6.39'%%d
FINSBURY GROWTH & INCOME TRUST ORD GBPO.25 5.00'%%d

2023
6
2022
f
Profit and loss account
Turnover 475,498 421,896
Expenditure (429,416) (480,985)
Other income 47,751
Interest receivable 848 30
Fair value movements 3,500
Profit/(loss)
before taxation
46,930 (7,798)
Taxatian (3,573) (1,732)
Profitl(loss) for the year 43,357 (9,530)
And the below shows a summary of its balance sheet position as at 31 March 2023.
2023
6
2022f
Balance sheet
Fixed and current assets 194,146 238,655
Current
liabilities
(185,998) (273,864)
Total net liabilities 8,148 (35,209)
Called up share capital 100 100
Profit and loss reserves 8,048 (35,309)
Total equity 8,148 (35,209)
18. Stocks
Group Group
2023
6
2022f
Shop stack 5,764 5,492

Group Group Trust Trust
2023f 2022 2023f 2022f
Due within one year
Trade debtors 108,024 69,084 105,395 35,744
Amounts
owed by group undertakings
48,969 73,656
Other debtors 7,816 3,018
Prepayments
and accrued income
151,324 144,631 151,319 144,631
Tax recoverable
on
gift aid 50,628 67,260 50,628 67,260
317,792 283,993 356,311 321,291
Creditors: Amounts falling due within one year
Group Group Trust Trust
2023f 2022f 2023f 2022f
Trade creditors 130,341 98,442 105,150 74,199
Corporation
tax
3,573
Other taxation
and social security
14,744 18,274 10,807 14,038
Other creditors 9,511 18,548 9,511 18,548
Accruals and deferred income 141,340 204,773 36,502 33,044
299,509 340,037 161,970 139,829
Group Group Trust Trust
2023f 2022f 2023f 2022
Deferred
income at
1 April 2022 99,778 153,396 1,150
Resources deferred during the year 47,497 42,728 400
Amounts
released from previous
periods (99,778) (96,346) (1,150)
47,497 99,778 400

Group Group Trust Trust
2023f 2022
E
2023
E
2022
Other loans 33413 41,713 33,413 41 713
Group Group Trust Trusl
2023 2022f 2023
E
2022
Z
Payable or repayable by instalments 8,513 8,513

Group Group Trust Trust
2023 2022f 2023
E
2022f
Financial assets
Financial assets measured at fair value
through income and expenditure 1,388,584 1,424,701 1,265,750 1,290,314
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Analysis ofn et assets between funds -current year
Restricted Unrestricted Total
funds funds funds
2023 2023 2023
6
Tangible fixed assets 2,007,988 1,392,401 3,400,389
Fixed asset investments 198,331 198,331
Investment
property
620,000 620,000
Current assets 453,594 1,060,215 1,513,809
Creditors due within one year (47,097) (252,412) (299,509)
Creditors due in more than one year (33,413) (33,413)
Total 2,414,485 2,985,122 5,399,607
Analysis ofnet assets between funds -prior year
Restricted Unrestricted Total
funds funds funds
2022 2022 2022
6
Tangible
fixed
assets 2,086,231 1,430,621 3,516,852
Fixed asset investments 213,364 213,364
Investment
property
620,000 620,000
Current assets 624,578 876,334 1,500,912
Creditors due within one year (112,559) (227,478) (340,037)
Creditors due in more than one year (41,713) (41,713)
Total 2,598,250 2,871,128 5,469,378

Group Group
2023 2022
E
Net expenditure
for the year (as per Statement ofFinancial
Activities) (40,283) (235,0I/3)
Adjustments
for:
Depreciation
charges
95,717 110,993
(Losses)/gains
on investments
15,264 (2,464)
Dividends,
interests
and rents
from investments (62,980) (40,792)
Loss/(profit)
on the sale offixed assets
10,608 (10,390)
Decrease/(increase)
in stocks
(272) 1,240
Increase
in debtors
(33,799) (105,400)
Decrease
in creditors
(37,130) (26,584)
Defined benefit pension scheme cost less contributions payable (54,438) (52,723)
Pension finance charges and administration costs 31,660 11,476
Net cash'used
in operating
activities (75,653) (349,647)

At 31 March At 31March
2023 2022
Years Years
Mortality rates
(in years)
-for a mals aged 65 now 22.5 22.4
- at 65for a male aged 45 naw 25.0 23.7
-for a female aged 65 now 23.8 24.9
-at 65for a female aged 45 now 26.4 26.3
The Group's sha re ofthe a ssets
in the schem
e was:
At 31 March At 31March
2023 2022
6
Equities 223,838 671,388
Bonds 484,981 412,813
Property 25,477 28,353
Cash &LDI's 175,612 21,548
Total fair value ofassets 909,908 1,134,102
The actual return on scheme assets was a loss ofK209,138(2022: gain af648,855).
The amounts recognised in the Consolidated statement affinancial activities are as follows:
2023 2022
6
Current service cast
Net interest (income)/expense (2,861) 1,284
Administrative expenses 34,251 10,192
Total amount recognised in the Consolidated statement offinancial
activities 31,390 11,476

Moveme nts
in
th e presen t value ofthe defined
benefit obli
gation
were as follows:
2023 2022
Opening defined benefit obligation 1,036,090 1,162,601
Actuarial gains (164,120) (115,947)
Benefits paid (69,492) (43,108)
Adminstration costs 34,521 10,192
Interest cost 26,541 22,352
Closing defined benefit obligation 863,540 1,036,090
2023f 2022
Opening fair value ofscheme assets 1,036,090 1,075,632
Interest income 29,402 21,068
Actuadial (losses)/gains (238,540) 27,786
Contributions by employer 54,438 52,723
Benefits paid (69,492) (43,108)
Derecognition ofsurplus 51,642 (98,011)
Closing fair value ofscheme assets 863,540 1,036,090
2023 2022
6
Present value ofdefined benefit obligation (863,540) 1,036,090
Fair value of plan assets 863,540 (1,036,090)

Group Group Trust Trust
2023
E
2022f 2023
E
2022
Not later than 1 year 1,189 1,189 836 836
Later than 1 year and not later than 5years 594 1,783 418 1,254
1,783 2,972 1,254 2,090

2023 2022
5
Less than one year 15,750 29,000
Later than 1 year and not later than 5years 13,958
15,750 42,958