##
##
##
||||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||
##
##
##
##
||||||NW
E0|NW
E0||Dl
Ol|CV||CD|T|IO
CD|r
E
r|cl
IO
DI|DI|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||IO|EEI
CV||EO|IO|CD|IO
Ol|DI
Ol|IO
CD|CIO||
||||||||CC|||||||||I|||
|||||||||||||'ll|||||||
||||||JC
00|W|CI
ID|O
CDn|O
r||CI|Cr|||||Cl|CDO|
||||||NO||IO||||Cl|I|||||||
|||||'0 ~ W
co
N
O
NE0.
00 E0'|||IO
CD
OI
CD|'Ct
IO
O
IO|IO
O
CC
CD|||EO
CI
I
IO|O
CD
EO|EO
Gt
E|'ltO
CEI
Et|CEI
CD
EEI|CI
OC
'lt
CEI|OD|
||||||Ol||||||||||||||
|||||ID
jO
CD3
0.
-E
N 0
O 0
0 '0||EIJ|EO
CD
CI
ED
~0|00
Ol
Ol|EO
CD|||CI|CD
CD
O
I|Ol
IO
Cl
'0
CG|IO
ID
E
ED||CI
r||
|CI
LUI-||||X
LL|C||||||||||||||
|R
CO||||o
0
5|JNW
0
'C
Ol||CI
Cl
I
CC||CD
~0|||EO
Ol
IO
CD|ED
O
O
ED
IO|CV
I
OD
r|Et
OD
OD|CD
Ol
CEI
CC|Ol
CV
IO
IO
E||
||Gl||||||||||||||||||
||Gl||||||||||||||||||
|LU|C
ID
ID|CI FE
Ec0||Gl
CD
8|g
Gl
rD|W||I|Ol
CV|||ID
CI|||||CI
EO
CI||
||||Gl||OI||||ED|||IO|||||EO||
|g
CIZ
Q
z|OO
E
Gl
0|Gl
0
C
Gl
O
N
O|CD
O
O
OC
ID
NC
Gl
4|X
10
C
N
10
3|N
ol
C
tE
Zl|Erl|IO
ED
CI|||IO
EO
EO
I|I|Ol
Ol'0|00
CC
CD
O|O
~||CI
CI|CC
DI
CO
I
CI||
|Z||0
Z|0
LL||||||||||||||||
|CO|||||||||||||||||||
|ILI|||||||||||||||||||
|I|||||||||||||||||||
|CO|||||||||||||||||||
|ILIO|||||||||||||||||||
|IU|||||||||||||||||||
|||||||||cc0I-|4J|O
CO
Ol
O
O|'0
CO
IO|It
Ol
CO
It
CO||EOI
EO|Cc
EO||coO
CA
CO
IO|Ol
Ol
00
I|O
IO|Cl||EO
'lt||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||Pc||
|||||||||O!
EJ0|W|O
O
IO|O
CO
I|O
ID
O||CcIh|Cc
CO|||||||N
CFI|0
loO|
|||||||||O0||CO
CV||C0||EO|||||||||Fl|
||||||||O|C
O||I
CD|0
O|0
CO
EO|||O||Ol
Ol|CO
N|Ctl
IO|CO
IO||I||
||||||||0.
l00'
Ct
0|||I
CO|IO|CO|||IO||IO|N|00|CI
C0||N||
|O
LU
I
K|||||||Cl $W
Cg
p
CL
-E
Cl 00
0 '0|||I
CC
Ol|c|00
N
O|||CV
CII
~0||N
Cl
I|EO
~0
Ol
CO|I
Ol
O|||||
|||||||||C||||||||||||||||
|IO|||||||U.|||||||||||||||||
||4I
CO|9
0
E|cv
N
C||||0 OW
O
0Kc
Cl|||I
O
I||0
O
Ol
IO|||I
CI||I
~
N
O
I||0
O
N
Cl|CI
CI||||
||IC|||||||||||||||||||||||
||?n||Cl|||||||||||||||||||||
|m
Z
g
D|J0
~
8
E
C|CC
O
C
IC
C
LC
O|C0
40
0
40
C
4I
I
IC||||OgW
CS O
Ci
OO
CI
X|||ct
Ol
Ol
I
CC
Of|'|Ol
Ol
Ccl
ED|IO
IO
ED
CO||CD
CI
EO
I
OI||I|I|I|||Cc
IO
CI
IO
II
OI|CC
C4|
|Q
Z
Z
OJK|Cl
0|Cl
8o
Z|EO
0
L
0
U.||||47
C
Cl
47
Cl
4|CIW
Q
C
40
5
Jt||EO
CI
I||I|IO
EO
CO
I
CO||Cc
EO
I
Ctl
'ct||CO
CC
CO
O
IO|O
I||CI
Cl
CI'0||CC
Ol
CI||
|LUI-||||||||||||||||||||||||
|OJ||||||||||||||||||||||||
|LU||||||||||||||||||||||||
|U||||||||||||||||||||||||
|LU||||||||||||||||||||||||
|||||00||||||||||||||||||||
|||||C||||||||||||||||||||
|||||C0|||||||||ul|||||||||||
|||||EJ|||||||||Cl|||||||||||
|||||8|||||||||EA
CC
Cl|||||||||||
|||||Cl|||||||||EJ|||||||||||
|||||Cl
Ol
CD
EO
EC
Cl
CO
e
I|I|Cl
2|||C0
g
IC
Io
Ol
O|N
NO
CC
a
IL:|ch
C
0|Cl
Cl
0
0
Cl0|Cl
Cl
M
C|ECC0
CC
Cl
Cl
LL'|Cl
N
0
4!|C0
IC
IJ
4l
I0.
4lO|N
Cc
N
o.|C
U|O
CO
EC0
CL
N
'0
C
0|0!
N
O
C
IL|O
CI
00
JO
ClZ|N
CoN
0
4!
EO|Ccl
ON
I|
##
##
##
|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|
|||||||r
IC
Q
EC|C
m|C
m|EC
N
ED
N|W|||N
I||N
EO
r"
IO|to
I
t0
ut"
E|r
00
tn
E"
E||r
IA|EO
N
O
d|Er
IO
O
EO|||rCI
IQ|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||IC
III|EC||||||||||||||||N||
||||||||||IC
Cl|W||||||||||||||N
IO|
||||||||||Cl||||||||||||||||
||||||||||Cl0||||||||||||||||
||||||||Cl||0|W|00
CC
EO|N
N
IO|I|t|EC
N|I||EC
IO|IO
Cn||||||
||||||||ICC
IC||C||CC|'N||||||ION|IO||||||
||||||||I||||||||||||||||||
||||||||||C
0|W||||||||||||||I|
|||||||||||||||||||||||||EO|
||||||||||Cl|||||||||||||||~0|
|O|||||||||||||||||||||||||
|EU|||||||||||||||||||||||||
|E|||||||||||||||||||||||||
|COD
IL'
EU|Cl
3||04
CI
04||||||Cl
'C
C
ID
CL
IC|W|~0
O
Ol
'll||IO
N|Cn
EO
IO|IO
EO
EO|IO
Ol|N|00
00|Cl
IO
Ol
00
IO|I|cc
CC|O
ml
CC
En
EC||EO
EO
IO
Ol
CI
Etl|
||||||||||IU||||||||||||||||
|C,
m
CIZ|cn
CQ
E|Cl
Q
C
m
L|Q
EC
Cl
CD
m
'Q||||||Cl W
E0
QC||EO||O
OO
CIr||Ol
IO
OI|IO
00
h|O
ml
EC||lm
O|||||CI
CC
00
CI
CC|
|Cr
Ul
Rz|C
IC
3|4
Cl
m
~
IC
s~
mc
E
oo
Z IL||||~
CC W
E
CC
Cl O
m Ol
Cl—EC
IC
rU|||||h
r|N
N
'0
N|e
N
CC|Ol
CO|N
Cr
Ol
EO|IO
EC
N
CC|EO
cn
Olo|N
lo
ml
Ol|CC|EO
N
O|||||
|CO|||||||||||||||||||||||||
|tU|||||||||||||||||||||||||
|I|||||||||||||||||||||||||
|EO
IUO|||||'D|||||||||||||||||ED
ID
E|||
|IU|||||4I||||||||||||||||||||
|||||||||||||||||||||||Cl|||
|||||||||||||||||||||||Cl|||
||||||C0
Q|||||||||||||||||m
M|||
||||||CI||||||||||||||||L||||
||||||Cl||||||||||||||||||||
|||||Cl
Co|L
Q||||||ID
E|||(o
Z|Cl
Cl
IC
err|||||Cl
C
'D
Cl|'L
m
Cl|Q
C|||
|||||Cl
C
0
0
EC
Cl
E
8
lo|Cl
'C
C
0
L
4l
E
Cl
ro||||||EI
CO
Q
EEC
Cl
CE
0|D
m
(9|Q
m
v)|C
OO
Cl
Q
Err
tUz|ED
I
Q
Q
'O
C
cl
tr|Q
C.
0
O
C
m
K|0O
Cl
m3|IC
C
0
Q
C
0
IC
~
ID
ID
Cl
No||'C
IC
ID
C
Cl
C
m|'Q
Q
C
I
m
'ED
.U
LL|Q
m
Q
L
EC
c||Cl
0
00|
|||||||ct
(I
(0
(0|0L
g
CD|0L
g
CD|cc Lt
O|CD
IO
O|Ct
I
(|0(
IA
0
DI|Dt
CC
((I
Dl|Ct
00
IA|0(
Cl
IA
(D|CC
CC|Dc
Dl
O|C(l
IA
(0
(0
C(l|'CC
CC
Ct
(
00|I
CC
tD
Di
O|00
ID
CD
cO||Ct
IA
00
IA||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||QI|||||||||||||||||C(l||
||||||||f0
LO
(0
(U|
|04I
La
!|c(I|||'O
O
O|I|0
'0
IA|(0
(D
Ol
((I|||IL
Dt|c-
Cu
O|IA
Dt
O||||
||||||||||C ((C
0||||||||I|I|I|||I|||
|0|||||||||(tllc(0||||||||||||||||
|LUI|||||||||||||||||||||||||
|I
Ol||||||||P tk
'8||||~0|IO
CV|O
'N|00
c|||||00
IL
(O|I
Ol
IA|O
Di||co
IL
IQ
Dt|
||||||||||||||||CV||||||IA||||
|Dl|4(
4(
L|Ct Cc
E?||||||LU|||||||||||||||||
|Cl
I
g5
CD
~
Z|4
CD
Cl
E
o0|Cl
CO
CO
0 40
L 0
C C
(4 OD
IN
Cl
Ct
~
IO
o 00
N?
0
0
0 0
?IL|||||(00
Ol
Ct|c- I+I
O
'C
0.||(0
(0
00
Icl
(0
O
(|Ch
IAO
Ci
c
IA
ID
(|cc
IA
CC|(0
IA
CC|O
O
O
00
c|Ol
(
Cc
(
CC
IL
(0|0(
O
Cc
IA
Dl
O
c|IA
Cc
(0
c|00
00
Ch|Cc
O|Cu
Dl
Oi
O|(O
Ot
Ol
O|O
Cc||OD
00|
|CO|||||||||||||||||||||||||
|IU|||||||||||||||||||||||||
|I|||||||||||||||||||||||||
|Ol|||||||||||||||||||||||||
|IU||||||||||||||||||||||ID|||
|LI||||||||||||||||||||||E|||
|LU|||||||||||||||||||||||||
||||||Cl|||||Cl||||||||||||(0
IU|||
|||||||||||0||||||||||||(0|||
|||||||||||||||||||||||co|||
||||||L00|||||Ct
1300|||||||||||(0
L|'0|||
|||||0
C
L
0
Ol
'0
C
0
0|e
0
IO
0
0|||||0
O.
O
0~
N8o|Cl
E
Cl
00
0
Oc||g
m
X|COKZ
c
10
C
C|Ct2
IU
Ct
IU
IO
(U|Cl
D.||CD|Ol
C
v-
7l|'0
N
'0
Cl0
fj|0
0
0
c
'0
ID
Ol|co
Ct
Cl
Ol||Oll3|
|||||C
Cl
C
Ol
CO|0
Cl
E
CO|||||C0
N
0
Ill|C
C
Ct
IU
G|6|4l
Ol
CO|O
co
Z|0
'0
C
ttl
LC|o
'0
C
(4|0
N
Cl
~Z|0
LI
(D
R|N
0
O|Cl
C
(0|Oc
(U
'0
0
.t(
LL|C
Ol
Ot
C
CC||0
0
nl0I-|
|CI
IUI-
(0D
IY
UJ
Cl
m
Z
z
Z
WJ
IU
I(IJ
IUO
IU|4l
C
W
8
E
Oi
E0
O|g cv
CI
QC
Ec
V
(0
OlE
Vl
Cl IO
V 'Cl
C S
Cl '0
6
4l
IO
~
Cl
S
SJ
0 0
Z IL|g cv
CI
QC
Ec
V
(0
OlE
Vl
Cl IO
V 'Cl
C S
Cl '0
6
4l
IO
~
Cl
S
SJ
0 0
Z IL|C
Cl
E
'U
Cl
C
c
0
V
Ol
h0|'0
irl
L
'D
'55
V!
Cl
0!
L
3
0
0
Cl
th5
'0
Vl
P-0|'0
irl
L
'D
'55
V!
Cl
0!
L
3
0
0
Cl
th5
'0
Vl
P-0|(43
U
IO
Cl
E
3
ID
IO
3
ClS
Ql
0
CL0
Dt
C
Vl
Ol
C
IL
30
'O
Cl
Cl
(0
Ct
CL|Ql
C
Ql
E
ClUt
(0
ClE
ID2
OC
Ol
Dl
00
Cl
(0
rhN
(D
0
E
E
E
0
O.
Cl
CC
Cl
C
Cl
Cl
Cl1!0
Ul
'0
C
(4
Cl0
U.
OlC0
OlZ
(0
O.
WL0
Ut
Cl
Vl
ID0
IL
003C
m
0
IL'
Z
IL
IL'
LL
CJ|NS
0
0
0
C
(0
(J|U003
Itl
(J
0
(4
(6
ID
W
Ct
rhC
N
rh00
(0
Cl
ClC
S
N
Cl
0
Vl
ClC
0
11
C
Ql
0
ih
4lE
4l
CL0
Cl
Cl00
C
0
0
I-
.0
O
4j
IO
rh0
C
Dt
'N
Vl
Cl0
IL
0
0
C
m
(J|Ih
Cl
'C
C
m
8!
Cl
Cn
QL'
CI
S
ID
JD
N
6!
C'6
CL
Vt
rE
N
0
u|00
(0
O
C
0
ID2
Cl
rh
ID
S
(0
30
m
Cl
E'0
C
Ql
'D
C
Ol
00
0
UC
IL
N0
W
ID
ctD
'D
C(6
0
003
Ol
(J|ID2
ClN
CI
Cl
(6
Cl
0
6!
C0
Cl
IhC00
U
tO
(4
C
Cl
E
0
CLE
Cl
0O.
O.
N0
ChC
IL
C0
ClUC
0
IL
O0
CI0
N
Ql
CI
Cl
0|OS0
(L
N
0
ClU
QlE
Cl
CS
Ol
ih
Ql
L
Cl
0
Cl'000
ch0
IL
Ch
Cl
CL0
Cl
IL
Vl
Cl
Ql
1!
Ol
Vl
Ct
00
0
UJ
Vl
Cl0
LL
0O.
O.
Vl0
Vl
C
LL
ch00
0
GO
IO
ID0
IL
C
Ql
C0
m0
UJ|Ql20
CL
E
0
Ct
S
Itl
S
'U
C
0
0
CI
11
Cl0!
(0
Cl
CL0
Cl
CD
C
0
3
C
Ol
IO
Cl
8
'D
C
Ol
ClUC
0
Cl
0
U.
00
CJ
N
ClC
UJ
Ql
E
ID
0
(IJ
Vl
IDO
Cl
C
C
Cl
Cl
&3|C0
0(0
4l
Cl
llL
6I
C
CIE
3C
Cl
Cl|Vl
QtO(0
(4
00
0
S
V0
Vt0
E
Cl
4I
(0
E0
N
0
(0
IA
C(0
Ol0
00
0
0C
Cl
0
'D
C
W
IA
CL
0
CO
C
E
E
Irj00
0
Vl
OlL
0
CL
O.
Vl
ID0
LS
ih
ChCj
Ut 3
6I
A=
C
S
Ql
N 0.
0 S
m (E
0|Vl
QtO(0
(4
00
0
S
V0
Vt0
E
Cl
4I
(0
E0
N
0
(0
IA
C(0
Ol0
00
0
0C
Cl
0
'D
C
W
IA
CL
0
CO
C
E
E
Irj00
0
Vl
OlL
0
CL
O.
Vl
ID0
LS
ih
ChCj
Ut 3
6I
A=
C
S
Ql
N 0.
0 S
m (E
0|S2
Ct
rh
Ct
Qt0
(0
(4
Cl
Vt
6!
ID
0K
'D
C(0
L
Ct
0
Vl
C
0
C0
Ch0
Vl
Vl0(J
IO
0
ClE
Cl
(0C
E
'D
C
Ol
C0
N
Cl
C0
(6
Cl0
(0
I0
IA0C
IL
Ol
Cl
ID
(0
I
Cl0
(0|L0
ih
v3
IO
O.0S
S
U0
(0
C
Cl
Cl
rrj
Cl
Vl
ClO
4!
E
0
Cl
N
Cl
C
Cl
CO
C
IU
(0
ClZ
Ol
Cl
((J
C
00
Cl
ID
(0
(000
UJ
Z
8
'D
C
U00
0
0
UJ
IU
Z|(4
ID
rZ
O
JJ|Cl2
ID
Vl
Cl
Qt
(0Z
S
'0
C(0
'0
C
0
IO
Cl
C
Vl
ID
0
V0
0
(0
Cl.0
CL
11S
Cl
IO
C9
6!E
C
W
Vl
(0
rh
Cl0
IhUC
D
0
Cl
0
Cl
0
UC4!|Cl
Clih
Cl
Ct
mZ
Cl
C
Cl
K
Cl
0
Ol2
lhC00
ID
tO
0
IhOC
LL
ID
ID
Vl
ID
IY
Cl
IO
ID
C
Ol
K|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||IO||Cl||||||||||||||||||
|||||(0|IC|||||||||||||||||||
##
##
##
|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|
##
##
##