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2022-03-31-accounts

Page
Trustees'
Report
—Report from		 the Chair
Trustees'
Report
Independent
Auditor's
Report		 22
Group Statement
of Financial		 Activities 26
Balance Sheets 27
Statement
of Consolidated
Cash Flows		 28
Notes to the Group Accounts 29

Note Unrestricted Restricted Endowment Total Total
Funds Funds Funds Year ended Year ended
31 March 31 March
2022 2021
(As
restated)
Income
Donations
and legacies		 1,923,199 573,063 2,496,262 2,528,057
Charitable
activities		 1,179,798 1,599,723 2,779,521 2,421,839
Other trading activities
Commercial
trading		 operations 407,363 407,363 350,946
Investment
income		 8,603 4,142 12,745 8,796
Other income 70,980 6,314 77,294 195,336
Total income 3,589,943 2,183,242 5,773,185 5,504,974
Expenditure
Costs ofraising funds
Fundraising
and membership		 7a 478,582 478,582 394,968
Commercial
trading		 operations 4 331,188 331,188 307,998
Charitable
activities		 7b 2,517,880 1,823,532 5,212 4,346,624 3,676,266
Total expenditure 3,327,650 1,823,532 5,212 5,156,394 4,379,192
Net gains I(losses) on
investments 35,234 30,583 58,366
Net income/(expenditure) for
the year before transfers 297,527 359,710 (9,863) 647,374 1,184,148
Transfers
between		 funds
Net movement
in funds		 297,527 359,710 (9,863) 647,374 1,184,148
Fund balances
brought		 forward 5,260,566 3,884,485 1,258,093 10,403,144 9,218,996
Total funds carried forward 5,558,093 4,244,195 1,248,230 11,050,518 10,403,144

Group Charity
2022 2021 2022 2021
(As
restated)
Note
Fixed assets
Tangible
fixed assets		 11 2,497,833 2,298,686 2,493,882 2,294,735
Heritage assets 12 4,377,677 3,816,476 4,377,677 3,816,476
Investments 13 1,347,621 718,350 1,347,921 718,650
8,223,131 6,833,512 8,219,480 6,829,861
Current assets
Stocks 3,000 14,208 3,000 3,000
Debtors 14 1,222,286 1,304,823 1,175,396 1,233,374
Cash at bank and in hand 2,341,945 2,983,048 2,263,166 2,960,159
3,567,231 4,302,079 3,441,562 4,196,533
Creditors: amounts falling due
within one year 15 739,844 732,447 (678,187) (684,279)
Net current assets 2,827,387 3,569,632 2,763,375 3,512,254
Net assets 11,050,518 10,403,144 10,982,855 10,342,115
Endowment funds 16 1,248,230 1,258,093 1,248,230 1,258,093
Restricted funds 18 4,244,195 3,884,485 4,244,195 3,884,485
Unrestricted funds:
—Designated 20 798,158 869,207 798,158 869,207
- Free reserves 20 801,205 1,124,657 737,493 1,063,330
—Fixed asset reserves 20 3,958,730 3,266,702 3,954,779 3,267,000
Total funds 11,050,518 10,403,144 10,982,855 10,342,115

2022 2021
Note
Cash provided
by operating
activities		 26 861,680 1,148,176
Cash flows from investing
activities
Dividends,
interest
and income from
investments		 4,634 8,796
Purchase
of tangible
fixed assets		 (973,917) (316,750)
Proceeds on disposal
of tangible
fixed assets		 66,400
Purchase
of investments		 (600,000) (424,238)
Proceeds on disposal
of investments		 100 20,802
Cash used
in investing
activities		 (1,502,783) (711,390)
Increase
in cash and cash
equivalents
in the year		 (641,103) 436,786
Cash and cash equivalents
at the beginning
of the year 2,983,048 2,546,262
Cash and cash equivalents
at the end of
the year 2,341,945 2,983,048

Freehold
property		 -2%ofcost
Motor vehicles —25% of reducing balance
Computer
equipment		 -33.3%ofcost
Improvements
to property		 - 2 to 20% ofcost
Other equipment -25%of cost
Freehold
land is not depreciated.

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
P.
Subscriptions and related donations 1,382,060 1,382,060 1,278,788
Gifts and donations 82,748 538,136 620,884 445,320
Charitable trusts 17,543 17,543 12,690
Local group income 1,324 1,324 1,092
Legacies 430,694 30,627 461,321 788,162
Corporate donations 8,830 4,300 13,130 2,005
1,923,199 573,063 2,496,262 2,528,057

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
'Z
Grants 54,288 1,062,647 1,116,935 1,163,762
Lottery 291,856 291,856 368,489
Charitable trusts 175,799 175,799 98,454
Landfill tax credits 51,793 51„793 62,911
Commercial income 1,125,510 17,628 1,143,138 728,223
1,179,798 1,599,723 2,779,521 2,421,839

2022 2021
Turnover
Ecological consultancy &advisory (Devon Wildlife Enterprises Ltd) 379,819 256,323
Seaton Jurassic (Devon Wildlife Services Ltd) 27,544 94,623
407,363 350,946
Expenses F
Ecological consultancy & advisory (Devon Wildlife Enterprises Ltd) 279,279 210,103
Seaton Jurassic (Devon Wildlife Services Ltd) 51,909 97,895
331,188 307,998

Unrestricted Restricted Total Funds
Funds Funds 2022 2021
P
Bank, building society and other interest 492 1,492 1,984 1,196
Fixed asset investment income 8,111 2,650 10,761 7,600
8,603 4,142 I2,745 8,796

Other income
Unrestricted Restricted Total Funds
Funds Funds 2022 2021
Profit on disposal of tangible fixed assets 55,320 55,320
Other Income 15,660 6,314 21,974 195,336
70,980 6,314 77,294 195,336

(a)Costs of raising voluntary
income —fundraising
and		 membership
2022 2021
Personnel
costs		 441,259 307,809
Materials
and equipment		 9,500 15,508
Vehicle and travel expenses 787 737
Property expenses 3,449 3,276
Office expenses 7,522 43,485
Depreciation 15,685 7,732
Other costs 380 16,421
478,582 394,968
(b)Costs ofcharitable activities
Charitable Support Total Total
Activities costs 2022 2021
(As restated)
P
Personnel costs 3,253,103 126,175 3,379,278 2,824,749
Materials and equipment 157,551 9,258 166,809 206,806
Vehicle and travel expenses 85,722 2,677 88,399 71,852
Property expenses 94,030 14,658 108,688 97,994
Office expenses 125,667 22,312 147,979 194,973
Depreciation 173,247 13,556 186,803 170,615
Other costs 234,747 299 235,046 76,100
Governance
costs		 25,792 7,830 33,622 33,137
4,149,859 196,765 4,346,624 3,676,226

(c) Gover nance costs
2022 2021
F
Personnel costs 28,372 27,814
Materials and equipment
Vehicle and travel expenses 296
Office expenses 4,954 5,322
33,622 33,137

Y
ear ended 31 March 2022
8 Total resources used —other information 2022 2021
(a) Total expenditure
includes:
Auditor's
fees for the audit ofthese accounts
Auditor's fees —other services
Operating
lease expense		 17,700
3,120
53,589		 15,642
4,500
96,312
(b) Personnel costs
Wages and salaries
Social security costs
Other pension costs
Recruitment		 2,505,265
218,412
122,903
9,929		 2,342,670
190,712
115,129
6,101
Total staff costs 2,856,509 2,654,612
Contractors
and consultants
Training
and development
Volunteer costs		 1,019„030
34,555
3,349		 742,965
21,913
982
3,913,443 3,420,472

(c)
The average number of		 employees,
by function,		 was:
2022 2021
Land Management
Landscape Scale Conservation
8 Projects
Conservation
Advocacy
Education
Devon Biodiversity
Records Centre (DBRC)
DWE (Ecological Consultancy)
DWS (Seaton Jurassic)
Fundraising
Membership
Resources
Directorate
Wilder Communities
(including
communications)
Finance		 11
17
6
5
8
6
1
3
3
8
5
7
4		 12
20
5
5
6
5
4
3
4
10
4
4
4
84 86

11Tangible fixed assets Freehold Improve- Equipment,
(a) Group land & ments to fixtures
&		 Motor
property property fittings Vehicles Total
Cost
Balance at 1 April 2021 2,207,241 1,574,509 1,295,102 395,497 5,472,349
Additions 161,700 101,166 130,225 19,625 412,716
Disposals (273,982) (688,048) (97,708) (1,059,738)
Balance at 31 March 2022 2,368,941 1,401,693 737,279 317,414 4,825„327
Accumulated
depreciation
Balance at 1 April 2021 624,564 1,079,267 1,167,047 302,785 3,173,663
Charge for the year 61,461 53,942 62,350 24,736 202,489
Disposals (273,982) (688,048) (86,628) (1,048,658)
Balance at 31 March 2022 686,025 859,227 541,349 240,893 2,327,494
Net book value at 31 March 2022 1,682,916 542,466 195,930 76,521 2,497,833
Net book value at 31 March 2021 1,582,677 495,242 128,055 92,712 2,298,686
(b) Charity Freehold Improve- Equipment,
land & ments to fixtures
&		 Motor
property property fittings Vehicles Total
Cost
Balance at 1 April 2021 2,203,290 1,574,509 1,283,449 395,497 5,456,745
Additions 161,700 101,166 130,225 19,625 412,716
Disposals (273,982) (688,048) (97,708) (1,059,738)
Balance at 31 March 2022 2,364,990 1,401,693 725,626 317,414 4,809,723
Accumulated
depreciation
Balance at 1 April 2021 624,564 1,079,267 1,155,394 302,785 3,162,010
Charge for the year 61,461 53,942 62,350 24,736 202,489
Disposals (273,982) (688,048) (86,628) (1,048,658)
Balance at 31 March 2022 686,025 859,227 529,696 240,893 2,315,841
Net book value at 31 March 2022 1,678,965 542,466 195,930 76,521 2,493,882
Net book value at 31 March 2021 1,578,726 495,242 128,055 92,712 2,294,735

summarise d
as follows:		 d
as follows:
y
Cost at 1
Additions		 April 2012
at cost - 2013
-2014		 2,007,303
1,110,868
229,044
-2015
—2016		 60,934
215,179
-2017 48,724
-2018
-2019
—2020 74,926
- 2021 69,498
-2022 561,201
Cost at 31 March 2022 4,377,677

Investment
in subsidiary
undertakings
Charity
Subsidiary Total
Undertakings
Cost
Balance at 1 April 2021 25,300 25,300
Balance at 31 March 2022 25,300 25,300
Impairment
Balance at 1 April 2021 25,000 25,000
Balance at 31 March 2022 25,000 25,000
Net book value at 31 March 2022 300 300
Net book value at 31 March 2021 300 300

Listed investments
Group and Charity
2022 2021
Market value at 1 April 718,350 260,502
Capital Invested 600,000 424,238
Disposals
Realised gain
/ (loss) on investments		 (100)
6,203		 (20,802)
1,869
Unrealised
gain/ (loss) on investments
Portfolio management
fees charged
against
Income retained
in investments
and accrued		 investments
interest		 24,380
(9,323)
8,111		 56,497
(4,008)
54
Market value at 31 March 1,347,621 718,350
Historical cost at 31 March 1,159,973 226,053
The closing carrying
value offixed assetinvestments		 is analysed
between
different asset types as follows:
2022 2021
Investment
and unit trusts: UK -		 market value 1,347,621 718,350
Investments
in subsidiary
undertakings		 —cost 300 300
Net book value of the charity's investments at 31 March 1,347,921 718,650
See note 25 for further details of the subsidiary undertakings.
14 Debtors Group Charity
2022 2021 2022 2021
(As restated)
E
Trade debtors 925,614 899,446 872,097 807,068
Amounts
owed by subsidiary
undertakings
Other debtors and prepayments		 296,672 405,377 16,382
286,917		 27,014
399,292
1,222,286 1,304,823 1,175,396 1,233,374
Ye ar ended 31 March 2 ar ended 31 March 2 022
15 Creditors —amounts falling due
within one year Group Charity
2022 2021 2022 2021
F
Trade creditors 289,684 160,802 277,334 149,749
Income received in advance 162,984 217,502 162,984 217,502
Other creditors and accruals 287,176 354,143 237,869 317,028
739,844 732,447 678,187 684,279
739,844 739,844 732,447
678,187		 684,279
Income received in advance (deferred income) comprises grant income which relates to the
following financial year.
Balance at 1 April 2021 217,052
Amount released to income earned from charitable activities (220,102)
Amount deferred in year 166,034
Balance at 31 March 2022 162,984

Balance at Income Balance at
1 April 2021 and gains Expenditure Transfers 31 March 2022
F F
Permanent
Hawkswood 55,868 (3,976) 51,892
Woodah Farm 587,800 (4,600) 583,200
Expendable
Marsland 614,425 (675) (612) 613,138
1,258,093 (4,651) (5,212) 1,248,230
17 Endowment Funds prior year comparative
—Group and Charity		 comparative
—Group and Charity		 comparative
—Group and Charity
Balance at Income Balance at
1 April 2020 and gains Expenditure Transfers 31 March 2021
Permanent
Hawkswood 56,399 (771) 55,868
Woodah
Farm		 587,800 (4,600) 587,800
Expendable
Marsland 597,863 21,416 (4,854) 614,425
1,246,902 20,645 (9,454) 1,258,093
Notes to the group accounts (continue
Year ended 31 March 2022		 Notes to the group accounts (continue
Year ended 31 March 2022		 Notes to the group accounts (continue
Year ended 31 March 2022		 d)
18.Restricted
Funds —Group and Charity
Balance at Balance at
1 April 2021 Income Expenditure Transfers 31 March 2022
P.
Advocacy and Development 351,495 294,029 (348,799) 296,725
Andrews
Wood		 55,855 55,855
Believer Moor and Meadows 1,500 1,500
Believer Suez Communities Trust 24 (24)
Bridgend Water Meadows 71,385 71,385
Bystock Pools 207,632 207,632
Capital - Vehicles 4,385 (1,316) 3,069
Cricklepit —Hydro Turbine 35,000 (4,376) 30,624
Communications 36,147 9,888 (9,888) (36,147)
Dartmoor
Nature Reserves		 —Capital 6,509 (162) 6,347
Devon Biodiversity
Records		 Centre 77,669 8,500 (54,561) 31,608
Dodd Brook 69,500 69,500
Discover Nature
(Formerly		 Education
and Engagement) 30,282 209,452 (145,657) 94,077
Education
and Engagement		 - Capital 11,808 (4,407) 7,401
Facilities Capital 5,866 (1,173) 4,693
Grants and Major Giving 452,812 2,627 (271,000) 184,439
Greater Horseshoe
Bat Project		 2,661 (662) 60 2,059
Headon
Farm - GrantScape		 53,125 53,125
Headon
Farm - Viridor Credits		 220,000 220,000
Holwell 356,506 356,506
Horsey
Island		 5,000 5,000
Lower East Lounston 74,150 74,150
Land Management 124,129 38,607 (294,685) 273,718 141,769
Magnificent
Mires - Capital		 947 (568) 379
Marsland
Fund		 191,986 (1,248) 190,738
Marsland
Land Rover		 2,814 (634) 2,180
Meeth Quarry
- Viridor Credits		 673,765 673,765
Meeth Quarry —Natural
England		 33,167 (511) 32,656
New England Wood-
Viridor Credits 41,000 41,000
NDNIA 40,049 441,211 (438,847) 42,413
North
Devon Natural
Solutions		 108,984 (114,110) 11,283 6,157
Other Land Advisory 15,581 (25,272) 12,086 2,395
Riggles Farm 161,700 161,700
ROBT - Capital 21,356 (4,906) 16,450
ROBT - Revenue 22,258 230,378 (161,775) 90,861
Southills 28,000 28,000
Speccott Moor 401,818 401,818
Upcott Barton 60,000 60,000
Valley Parks 354,035 51,918 (98,317) 307,636
Visitor Assets 3,458 (1,180) 2,278
Wild Futures
- Capital		 300 (68) 232
Wilder Communities
(Volunteering)		 62,691 43,298 (91,252) 10,000 24,737
Woodah
Farm —Taylor Memorial		 Trust 145,546 (12,294) 133,252
Woodah —Phoebe Wortley-Talbot
Charitable
Trust		 110,786 (5,020) 105,766
Working
Wetlands —Capital		 702 (453) 249
Working
Wetlands —Biffa Award		 3,436 (1,367) 2,069
3,884,485 2, I83,242 (1,823,532) 4,244,195

18
Restricted		 18
Restricted		 18
Restricted		 Funds: Revenue —Group and Charity
Fund Fund Descri
tion
Funds to support conservation
initiatives
including
Catchment
Partnerships
in East
and North
Devon (Environment
Agency and Westcountry
Rivers Trust); health
and
wellbeing
projects
with
Sport
England
Lottery
Funding
via Active
Devon
and
donations,
EDP Drug
& Alcohol Services, and the Local Nature
Partnership.
EU
Urban
Innovative
Actions for the Green
Minds Project in Plymouth;
funding
for the
Nature
Recovery
Network
(from various
local county and district councils,
AONBs
and
Exmoor
National
Park
Authority),
and
Ottery
St
Mary
Natural
Flood
Management
work supported
by Environment
Agency and Devon County
Council.
Funding
for a feasibility
project
for pine
marten
re-introduction
by a corporate
supporter
(Turnstyle
Designs)
and
appeal
income,
and
advance
funding
from
Advocacy
and
Development		 Forestry England
carried forward
for species recovery programmes.
Natural
Flood
Management
work
funded
by Devon
County
Council,
as part of the Flood and
Coastal
Resilience
and
Innovation
Programme
being
funded
by
Environment
Agency
via Devon
County
Council.
Soils and Water Video
is included
to which
de reciation
is a
lied.
Caen
Wetlands:
Funding
in
advance
from
Esmee
Fairbairn
Foundation
for
feasibility
work into a 'green finance' scheme for a wetland
site adjacent to Horsey
Island that DWT
urchased
this
ear.
Saving
Devon's
Treescapes:
Funding
from
National
Lottery
Heritage
Fund,
Woodland
Trust, Turnstyle
Designs,
local authorities
and AONBs; and One Tree
Planted for develo
ment ofa
ro'ect to address ash dieback disease across Devon.
Naturalising
Exeter's Waterways:
Feasibility stage, funded
by Environment
Agency
and Devon Count
Council.
Andrew's Wood Relates to the purchase
of Wizaller Wood, an extension to Andrew's
Wood NR, part
funded
b
the National
Lotter
Herita
e Fund.
Believer Moor and Relates to provision
for the replacement
of a bench on the site.
Meadows
Believer Moor and illustrated
Log Bench at Believer Moor and Meadows
reserve.
Meadows —Suez
Communities Trust
Bridgend Water Land purchased
through
very generous
donations.
Meadows
Bystock Pools Relates to the purchase
of the lease of Bystock Pools nature
reserve thanks
to an
a
eal, ma'or donor, and communit
su
ort.
Ca
ital —Vehicles		 Tractors and
uad bikes
urchased
with income from restricted ca
ital
rants
Cricklepit —Hydro Hydro turbine
installed
at Cricklepit
Mill in 2010, supported
by a range of funders.
Turbine
Communications Funding
from
Strategic
Development
Fund
at RSWT for the Action
for Insects
campaign,
and appeal income to be applied to projects
in 2021/22.
A Locality grant
from
Devon
County
Council
councillors
and
new interpretation
panels
at Horsey
Island
(carried
forward
from
2021/22)
and
transferred
to
Land
Management
restricted
fund.
Dartmoor Nature Relating
to work to improve
habitat
and
public access on key Dartmoor
nature
Reserves —Capital reserves
thanks
to a generous
legacy and
Natural
England
through
Countryside
Stewardshi
Hi
her Tier scheme.
Devon Biodiversity Funds to support
the Ancient Woodlands
Inventory
project from Woodland
Trust,
Records Centre CPRE, Exmoor National
Trust, Exeter Cit
Council and Devon Count
Council.
Dodd Brook Gift of Land —southern
side ofthe Tei
n Estuar
near Coombe Cellars
Discover Nature Funds
to support
work
with
children
and communities:
Nature
Friendly
Schools
(formerly Education and (Defra, Department
for Education
and Natural
England),
Wembury
Marine
Centre
Engagement and
Marine
Wildlife
Champions
(South West Water,
Plymouth
University,
local
authority
partners,
CPRE Devon,
Exmoor
NPA,
Active
Devon,
Wembury
Parish
Council, and other donations),
and South Devon Wildlife Champions
(South Devon
Nature Trust, EDUTECHWYSE
Ltd and donations).
We were supported
again this
year by People's Postcode
Lottery via RSWT to deliver outdoor
learning
sessions

across Exeter, through
primary
and secondary
schools,
and a variety
of groups
includin
re-schools,
outh
rou s, scouts, holida
clubs and after-school
clubs.
Discover Nature Capital
items were purchased
for outdoor
education
work with children
in Exeter
formerly
Education
and
Engagement
—Capital		 and a new outdoor classroom
canopy constructed
at Meeth Quarry,
funded
by the
players
of the People's Postcode
Lottery via RSWT and a Devon County
Council
Locality grant.
Refurbishment
works at Wembury
Marine Centre funded
by National
Lotter
Herita
e Fund.
Facilities —Capital Grant delivered
through
Royal Society of Wildlife Trusts to help replace the boiler in
line with workin
towards
our Carbon Zero strate
Grants and Major Giving A restricted
Legacy was confirmed
during
this year relating to the purchase
of land
of ecological
significance.
Drawdown
of funds
contributed
to the purchase
of
S eccott Moor
Greater Horseshoe
Pro'ect		 Bat Bat appeal money to support
ongoing costs of web hosting
and bat camera stream
after
ro'ect corn
letion.
Headon Farm-
GrantSca
e		 Relates to the purchase
of part of Headon
Farm (Dunsdon
NNR extension)
in 2011,
financed
b
GrantSca
e via the Landfill Communities
Fund.
Headon
Farm —Viridor
Credits		 Relates to the purchase
of land at Headon
Farm (Dunsdon
NNR extension),
part
funded
b
Viridor Credits via the Landfill Communities
Fund.
Holwell Relates to the acquisition
of land
at Holwell
Farm
(Emsworthy
Mire NR), partly
funded
throu
h Natural
En land.
Horse
Island		 Individual
ma'or donor relates to the ac uisition
of Horse
Island
Land Management A range offunds to support
work on DWT nature reserves: Basic Payment
Scheme
and
Environmental
/ Countryside
Stewardship
grants
provided
through
the Rural
Payments
Agency
and
Local
Authority
Grants.
The
Phoebe
Wortley-Talbot
Charitable
Trust supports
the long-term
volunteers
programme
at Woodah
Farm.
Funds carried forward
from the previous
year supported
an interpretation
project at
Emsworthy
Mire. Biffa Award funded a project to improve
habitats
for invertebrates
on our South Devon and Dartmoor reserves.
A Devon County Council Locality grant
(carried
forward
from 2021/2022)
provided
funds
towards
a new boardwalk
and
steps at Uppacott Wood.
Siemens
Mobility funded
biodiversity
net gain (on behalf
of Network
Rail) for grassland
restoration
at Higher
Kiln Quarry.
People's Postcode
Lottery via RSWT funded the 'Wilder Woodah' project to trial nature-based
solutions
to climate impacts.
Our nature reserves
work has also continued
to benefit from a
range of charitable
trusts, major donors, and income from appeals.
Includes capital
items to which de
reciation
is a
lied.
Lower East Lounston Relates
to funding
from
donors
for the
acquisition
of Lower
East
Lounston
extension.
Magnificent
Mires-
Capital		 Relating
to the
capital
costs of interpretation
equipment
and
features
for the
Magnificent
Mires project supported
by National
Heritage
Lottery
Fund,
Dartmoor
National
Park Authorit,
Duch
of Cornwall
and Dartmoor
Preservation
Association.
Marsland
Fund		 Funds for the
ur ose of conservin
the Marsland
nature reserve.
Marsland
Land Rover		 Purchase
of a new Land Rover for Marsland
nature reserve
Meeth Quarry
—Viridor
Credits		 Relates to the acquisition
of Meeth Quarry
nature reserve with the support of Viridor
Credits via the Landfill
Communities
Fund.
Viridor Credits
holds a charge against
this land.
Meeth Quarry —Natural
En
land		 Relates
to capital
work to turn
Meeth
Quarry
into a nature
reserve,
funded
by
Natural
En
land.
Meeth Quarry —Devon
Waste Management		 Relates
to
building
improvements
at
the
reserve
funded
by
Devon
Waste
Management
(now Coastal Recycling) through
the Landfill Communities
Fund.
DWM
New England Wood-
Viridor Credits		 Relates to the purchase
of New England
Wood with the support
of Viridor Credits
via the Landfill Communities
Fund and Banister Charitable
Trust.
Northern
Devon Nature		 A range ofprojects focused on improving
the natural
environment
of northern
Devon
Improvement
Area
(NDNIA)		 and
engaging
communities
in its care. Supported
by the
Environment
Agency;
European
Agricultural
Fund
for Rural
Development
(RDPE Water
Environment
Grant);
Devon
County
Council;
EU
Interreg
Two Seas
Programme;
Natural
England's
Countryside
Stewardship
Facilitation
Fund,
and
other
donations.
Com
uter e
ui
ment
urchased
for the Torridge
River Restoration
Pro'ect.
44

Northern Northern Devon Natural Devon Natural A multi-year
project focused
on
increasing
water
quality,
improving
flood
risk
Solutions (NDNS) management,
increasing
biodiversity
and meeting
carbon targets across northern
Devon.
Supported
by the Environment
Agency, appeal income (carried forward for
use in future years of the project), Devon County
Council,
Devon County
Council
Natural
Ca
ital Challen
e Fund, a charitable
trust and donations.
Other Land Advisory Wider advisory
work
in the Avon Valley is supported
by South Devon Nature Trust,
several ma'or donors, a
eal income and a cor orate su
orter.
Ri
les Farm		 A
enerous
donation
of land to su
ort our conservation
strate
River Otter Beaver Trial Pulsar Axion Key Thermal
Imaging
Camera and a Mitsubishi
L200
—Ca ital ROBT
River Otter Beaver Trial Funding to support the River Otter Beaver Trial from Defra, RSWT, Natural
England,
—Revenue (ROBT) Lister Charitable
Trust, appeals,
donations,
and corporate
support.
Funding
also
from South West Water,
Devon
Environment
Foundation,
The Benindi
Fund
and
donations
to support the River Tamar Beaver Project. Advance funding
from Esmee
Fairbairn
Foundation
carried
forward
for use from 2022/23. Beaver reintroduction
suitability
mapping
project funded
by various
individual
Wildlife Trusts, and RSWT.
A part of the River Otter Beaver Trial forms part ofthe Flood and Coastal Resilience
and Innovation
Programme
being funded
by Environment
Agency via Devon County
Council.
Southills A
iece of land
enerousl
donated
throu
h a
ift in will
Speccott Moor This piece of land was purchased
through
a number
of very generous
donations
and appeal
income,
in addition
to drawdown
of a gift in will received the previous
financial
ear
U cott Barton A
iece of land
enerousl
ifted
Valley Parks Maintenance
of the Valley Parks supported
by Exeter City Council; Basic Payment
Scheme
and
Environmental
Stewardship
grants
through
the
Rural
Payments
Agency, and The Foxglove Trust; and Viridor Credits and other donations
providing
for funding
for a project to improve fences, hedgerows
and wildflower
meadows
at
Mincin
lake Valle
Park.
Wilder Communities Conservation
Communities:
Funding
received
in advance
from
National
Lottery
(formally known as Heritage
Fund for a project to bring people together to discover and protect wildlife
Volunteering) in eleven
adjoining
parishes
along the banks
of Devon's
River Torridge.
West
Devon Borough
Council and Devon County Council also funded the project.
Volunteering:
Donations
towards
training
ofvolunteers.
Team Wilder: People's
Postcode
Lottery
money
received
and carried
forward
for
use in 2022/23 to engage and empower
people to act for natures'
recovery.
Wilder
Communities:
Donations
received
to help towards
engaging
people
and
communities
and
giving
them
the tools to act for wildlife
and
nature
recovery.
Appeal income carried forward for use in future years towards the project's aims.
Wild
Paths:
training
bursaries
and
associated
materials
for project
funded
by
National
Lotter
Herita e Fund and led b
Dorset Wildlife Trust.
Visitor Assets Tesco Bags
of
Help
Centenary
grant
(via
Groundwork)
for Seaton
Jurassic
Communit
Hub to install a
liosaur model as
la
feature on the cafe terrace.
Wild Futures —Capital Relates to a vehicle purchased
for the use of project trainees.
Project funded
by
National
Lottery Heritage
Fund 'Skills for the Future' programme
and led by Dorset
Wildlife Trust.
Woodah Farm Relates to funds to benefit Woodah
Farm —Taylor Memorial Trust.
Courtyard —Taylor
Memorial Trust
Woodah Farm Represents
the net book value of capital work to develop the courtyard
at Woodah
Courtyard Project— Farm and funded
through
the Phoebe Wortley-Talbot
Charitable
Trust with some
Phoebe Wortley-Talbot support
from the Dartmoor Sustainable
Development
Fund.
Charitable Trust
Working Wetlands Relates
to
Fleming
Aerator
purchase
and
acquisition
of a vehicle.
Additional
Capital payment
received
from the
Environment
Agency
for ongoing
management
and
maintenance
of Flemin
Aerator.
Working Wetlands- Relates
to vehicle
and
equipment
funded
through
Biffa Award
via the
Landfill
Biffa Award Communities
Fund.

Devon Wildlife Trust Devon Wildlife Trust Devon Wildlife Trust Devon Wildlife Trust Devon Wildlife Trust
Notes to the group accounts (continued)
Year ended 31 March 2022
19 Restricted Funds prior year comparative —Group a nd Charity
Balance at Balance at
1 April 2020 Income Expenditure Transfers 31 March 2021
Advocacy and Development 315,571 356,830 (320,906) 351,495
Andrews
Wood		 55,855 55,855
Believer Moor and Meadows 1,500 1,500
Believer (Suez Communities Trust) 318 (294) 24
Bystock 207,632 207,632
Capital - Vehicles 6,599 (2,214) 4,385
Cricklepit —Hydro Turbine 39,376 (4,376) 35,000
Communications 32,839 55,166 (51,858) 36,147
Dartmoor
Reserves —Capital		 9,347 (2,838) 6,509
Devon Biodiversity
Records		 Centre 28,169 78,000 (28,500) 77,669
Dodd Brook 69,500 69,500
Education
and Engagement		 19,151 129,935 (118,804) 30,282
Education
and Engagement		 —Capital 2,877 11,803 (2,872) 11,808
Grants and Major Giving 4,000 548,101 (99,289) 452,812
Greater Horseshoe
Bat Project		 6,836 119,736 (125,910) 662
GHBP Bat Appeal 5,000 (3,001) 1,999
Horsey Island 5,000 5,000
Headon
Farm —GrantScape		 53,125 53,125
Headon
Farm —Viridor Credits		 220,000 220,000
Holwell 356,506 356,506
Land Management 69,378 273,992 (219,241) 124,129
Lower East Lounston 74,150 74,150
Magnificent
Mires —Capital		 4,502 (3,555) 947
Marsland
Fund		 193,232 (1,246) 191,986
Marsland
Land Rover		 3,752 (938) 2,814
Meeth Quarry —Viridor Credits 673,765 673,765
Meeth Quarry —Natural
England		 43,541 (10,374) 33,167
Meeth Quarry —DWM 140 (140)
New England
Wood —Viridor		 Credits 41,000 41,000
NDNIA 41,308 367,621 (368,880) 40,049
ROBT Capital 1,775 21,070 (1,489) 21,356
ROBT Revenue 4,590 111,132 (93,464) 22,258
Valley Parks 379,038 64,248 (89,251) 354,035
Volunteering 191 65,579 (3,079) 62,691
Visitor Assets 7,088 36,708 (40,338) 3,458
Wild Futures —Capital 401 (101) 300
Woodah
Farm —Taylor Memorial		 Trust 157,816 (12,270) 145,546
Woodah —Phoebe Wortley —Talbot
Charitable
Trust		 115,806 (5,020) 110,786
Working Wetlands —Capital 7,235 (6,533) 702
Working Wetlands —Biffa Award 4,582 (1,146) 3,436
3,192,991 2,309,421 (1,617,927) 3,884,485

Balance at Movement
in		 Balance at
1 April 2021 the year 31 March 2022
Designated
funds
Development
and		 land management 43,311 (289) 43,022
Property
Repairs and		 Maintenance Fund 41,500 (37,224) 4,276
Capital
Investment		 Fund 62,946 62,946
Record Centre Development 40,650 66,557 107,207
Strategic Project Completion Fund 63,593 (36,708) 26,885
Strategic Development Fund 617,207 (63,385) 553,822
869,207 (71,049) 798,158
General funds
Free reserves 1,124,657 (323,452) 801,205
Fixed asset reserves 3,266,702 692,028 3,958,730
5,260„566 297,527 5,558,093

Balance at Movement
in		 Balance at
1 April 2020 the year 31 March 2021
(As restated)
E
Designated
funds
Development
and		 land management 46,632 (3,321) 43,311
Property
Repairs and		 Maintenance Fund 50,000 (8,500) 41,500
Capital
Investment		 Fund 62,946 62,946
Record Centre Development 11,070 29,580 40,650
Strategic Project Completion Fund 84,494 (20,901) 63,593
Strategic Development Fund 735,019 (117,812) 617,207
990,161 (120,954) 869,207
General funds
Free reserves 1,000,000 124,657 1,124,657
Fixed asset reserves 2,788,942 477,760 3,266,702
4,779,103 481,463 5,260,566

Unrestricted Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
Fund balances at the year end are represented by:
Tangible fixed assets 1,617,866 690,916 189,051 2,497,833
Heritage assets 1,132,419 2,325,258 920,000 4,377,677
Investments 1,208,442 139,179 1,347,621
Current assets 2,339,210 1,228,021 3,567,231
Current
liabilities		 (739,844) (739,844)
Total net assets 5,558,093 4,244,195 1,248,230 11,050,518
Unrestricted
funds are analysed as follows:
Fixed & Investments Net
Heritage assets assets Total
Designated
funds		 (see note 20) 798,158 798,158
General funds 2,750,285 1,208,442 801,208 4,759,935
Total unrestricted funds 2,750,285 1,208,442 1,599,366 5,558,093

Unrestricted Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
(As restated)
F
Fund balances at the year end are represented by:
Tangible fixed assets 1,631,148 475,137 192,401 2,298,686
Heritage assets 1,061,035 1,835,441 920,000 3,816,476
Investments 574,519 143,831 718,350
Current assets 2,462,820 1,836,249 3,010 4,302,079
Current liabilities (468,956) (262,342) (1,149) (732,447)
Total net assets 5,260,566 3,884,485 1,258,093 10,403,144
stricted
fun		 ds are analysed as foll ows:
Fixed & Investments Net
Heritage assets assets Total
(As restated)
Designated funds (see note 20) 869,207 869,207
General funds 2,692,183 574,519 1,124,657 4,253,879
Total unrestricted funds 2,692,183 574,519 1,993,864 5,260,566

Group Charity
2022 2021 2022 2021
P.
Land and buildings:
Within one year 23,500 23,500 23,500 23,500
In two to five years 15,000 38,500 15,000 38,500
Other Operating leases
Within one year 9,568 19,830 6,234 16,496
In two to five years 5,521 14,481 3,020 8,925
53,589 96,311 47,754 87,421

DWE WCCL DWS Total Total
2022 2021
P F
Turnover 379,819 25 33,591 413,435 282,417
Cost ofsales (12,174) (15,123) (27,297) (30,787)
Gross profit 367,645 25 18,468 386,138 251,630
Administrative expenses (276,401) (33,517) (309,917) (294,807)
Other operating income 12,161 12,161 88,639
Net interest (3,269) (3,268) (4,204)
Net profit /(loss) for the year 91,246 25 (6,157) 85,114 41,258
Gift aid to parent charity (78,156) (78,156) (20,000)
Net profit /(loss) for the year 13,090 25 (6,157) 6,958 21,258
The aggregate of the assets and liabilities was:
Assets 135,445 5,627 6,669 147,741 146,358
Liabilities (72,627) (5,022) (1,805) (79,454) (222,423)
Shareholders' funds 62,818 605 4,864 68,287 (76,065)

from operating
activities
2022 2021
F
(As restated)
Net incoming
resources		 647,374 1,184,148
Depreciation 202,489 178,344
Loss / (profit) on disposal of fixed assets (55,320)
(Gains)/losses
on investments		 (30,583) (58,366)
Dividends,
interest and rents from		 Investments (12,745) (8,796)
Portfolio management
fees charged		 against investments 9,323 3,956
(Increase)
/ decrease
in stocks		 11,208 3,953
(Increase)
/ decrease
in debtors		 82,537 (415,699)
(Decrease) / increase
in creditors		 7,397 260,636
Net cash provided
by operating		 activities 861,680 1,148,176

29 Reconciliation of net debt
At 1 April Cash flow Foreign Exchange At 31 March
2021 Movements 2022
Cash and cash equivalents 2,983,048 (633,856) (7,247) 2,341,945
Total 2,983,048 (633,856) (7,247) 2,341,945

Page
Trustees'
Report
—Report from		 the Chair
Trustees'
Report
Independent
Auditor's
Report		 22
Group Statement
of Financial		 Activities 26
Balance Sheets 27
Statement
of Consolidated
Cash Flows		 28
Notes to the Group Accounts 29