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2021-02-28-accounts

Page
Reference and administrative
information		 I -3
Report ofthe Council
(including
Strategic Report)		 4- 10
Independent auditors'
report		 I I - l3
Consolidated statement
of financial
activities		 l4
Charity statement
offinancial
activities		 I5
Consolidated and charity
balance sheet		 l6
Consolidated cash flow statement l7
Notes to the consolidated
cash flow statement		 IS
Notes to the financial
statements		 l9-45

Reference and adm Reference and adm inistrative
information
Chief Executive: Carolyn
Cadman
Principal and registered address ofthe charity: Five Acres
Allet
TRURO
Cornwall
TR4 9DJ
Website: www. cornwallwildlifetrust. org.uk
Auditors: RRL LLP
Peat House
Newham
Road
TRURO
Cornwall
TRI 2DP
Solicitors: Stephens
Scown
I High Cross Street
STAUSTELL
Cornwall
PL25 4AB
Bankers: Lloyds Bank
7 Boscawen Street
TRURO
Cornwall
TR I 2QT

(incorporating
income and expend		 (incorporating
income and expend		 (incorporating
income and expend		 iture
acco		 unt)
For the year ended 28 February 202 I
Notes Unrestricted Restricted Total Total
Funds Funds 202 I 2020
Income and endowments from:
Donations
and legacies		 536,956 112,3IS 649,274 321,876
Membership
Subscriptions		 509,102 756 509,858 565,133
Charitable
activities:
Nature
conservation		 705,814 1,668,588 2,374,402 2,229,391
Other trading
activities:
Consultancy
income and		 sales 835,073 62,256 897,329 694,010
Fundraising
and event income		 41,627 98,696 140,323 135,355
Other income 31,317 2,950 34,267 42,515
Investments 5,992 1,756 7,748 11,549
Total income and endowments 2,665,881 1,947,320 4,6 I3,201 3,999,829
Expenditure
on:
Raising funds:
Consultancy
expenses		 590,601 590,601 493,581
Livestock purchases 265 265 164
Fundraising
and publicity		 446,238 6,036 452,274 511,418
Charitable
activities:
Reserves management 686,995 262,656 949,651 933,850
Conservation 541,623 1,574,893 2,116,516 1,902,535
Total expenditure 2,265,722 1,843,585 4,109,307 3,841,548
Net gain on investments (36) 2,622 2,586 2,604
Net income for the year 400,123 106,357 506,480 160,885
Transfers
between
funds		 5,000 (5,000)
Net movement
in funds		 405,123 101,357 506,480 160,885
Funds at
I March 2020		 1,510,070 6,460,750 7,970,820 7,809,935
Funds at 28 February 2021 I,915,193 6,562,107 8,477,300 7,970,820

(incorporating
income and expend		 (incorporating
income and expend		 (incorporating
income and expend		 iture
acco		 unt)
For the year ended 28 February 202 I
Notes Unrestricted Restricted Total Total
Funds Funds 202 I 2020
E
Income and endowments from:
Donations
and legacies		 536,956 112,318 649,274 321,876
Membership
Subscriptions		 509,102 756 509,858 565,133
Charitable
activities:
Nature
conservation		 705,814 1,668,588 2,374,402 2,229,391
Other trading
activities:
Consultancy
income and sales		 120,466 62,256 I82,722 151,580
Fundraising
and event income		 41,627 98,696 140,323 135,355
Other income 94,269 2,950 97,219 104,261
Investments 11,901 1,756 13,657 20,171
Total income and endowments 2,020,135 1,947,320 3,967,455 3,527,767
Expenditure
on:
Raising funds:
Livestock purchases 265 265 164
Fundraising
and publicity		 446,712 6,036 452,748 511,418
Charitable
activities:
Reserves management 690,291 262,656 952,947 942,788
Conservation 548,468 1,574,893 2,123,36I 1,946,530
Total expenditure 1,685,736 1,843,585 3,529,321 3,400,900
Net (loss)/gain
on investments		 (36) 2,622 2,586 2,604
Net income for the year 334,363 106,357 440,720 129,471
Transfers
between
funds		 5,000 (5,000)
Net movement
in funds		 339,363 101,357 440,720 129,471
Funds at
I March 2020		 1,522,251 6,460,750 7,983,001 7,853,530
Funds at 28 February 2021 1,861,614 6,562,107 8,423,72 I 7,983,001

s at 28 February 202/
The Group The Charity
2021 2020 2021 2020
Notes E E.
Fixed assets
Tangible assets /3 1,205,592 1,180,382 1,205,592 1,180,382
Heritage assets /3 3,758,314 3,119,703 3,758,3 14 3,119,703
Investments /4 57,675 55,089 57,675 55,089
5,021,581 4,355,174 5,021,581 4,355,174
Current assets
Stocks and work in progress 45,442 40,041 15,751 15,874
Debtors /5 1,668,316 1,381,745 1,622,721 1,424,986
Cash at bank and in hand 2,314,900 2,781,718 2,255,918 2,730,710
4,028,658 4,203,504 3,894,390 4,171,570
Creditors:
amounts		 falling due within one
year /6 (420,541) (422,939) (339,852) (378,824)
Net current assets 3,608,117 3,780,565 3,554,538 3,792,746
Total assets less current liabilities 8,629,698 8,135,739 8,576,119 8,147,920
Creditors:
amounts		 falling due after more
than one year /7 (152,398) (164,919) (152,398) (164,919)
Net assets 2/ 8,477,300 7,970,820 8,423,721 7,983,001
Charity funds
Unrestricted
funds		 - General funds 494,346 284,844 440,767 297,025
- Designated funds 1,420,685 1,225,028 1,420,685 1,225,028
- Revaluation reserve 162 198 162 198
Total unrestricted funds /8 1,915,193 1,510,070 1,861,614 1,522,251
Restricted
funds		 20 6,562,107 6,460,750 6,562,107 6,460,750
Total charity funds 8,477,300 7,970,820 8,423,721 7,983,001

Consolidated
cash flow stat		 Consolidated
cash flow stat		 emen t
For the year ended 28 February 202 I
Note 2021 2020
Net cash inflow from operating activities I 329,797 525,489
Cash flows from investing activities
Interest received 7,748 11,549
Payments to acquire fixed assets and investments (8 I3,660) (543,894)
Receipts from disposal offixed assets 27,637
Net cash used in investing
activities		 (778,275) (532,345)
Cash flows from financing activities
Repayment
of hire purchase		 contracts 5, I95 (4,195)
Repayment
of bank loans		 (20,554) (19,764)
Interest
paid		 (2,981) (3,628)
Net cash (used) in financing
activities		 (18,340) (27,587)
Change
in cash and cash eguivalentsin		 the
reporting
period		 (466,818) (34,443)
Cash and cash equivalents
at		 the beginning of
the reporting
period		 2,781,7 I8 2,816,161
Cash and cash equivalents
at		 the end ofthe
reporting
period		 2,314,900 2,781,718
Relating to:
Cash at bank and
in hand		 2,314,900 2,781,718

Reconciliation
ofnet inco		 me to net cash inflow fro m operating
activities
202I 2020
Net income for the year 506,480 I60,885
Interest receivable (7,748) ( I 1,549)
Interest
paid		 2,98I 3,628
Depreciation I22,202 60,3 I2
(Gain) on investments (2,586) (2,604)
(Increase)
in stocks and work		 in progress (5,40 I) ( I2,268)
(Increase)
in debtors
Increase
in creditors		 (286,57 I)
440		 250,972
76, I
I3
Net cash inflow from operating activities 329,797 525,489

3 Prior year statement
offinancial		 Prior year statement
offinancial		 activities —Group Unrestricted Restricted Total
funds funds 2020
E.
Income and endowments from:
Donations
and legacies		 60,455 261,421 321,876
Membership
Subscriptions		 558,144 6,989 565,133
Charitable
activities:
Nature
conservation		 816,934 1,412,457 2,229,391
Other trading
activities:
Consultancy
income and sales		 637,129 56,881 694,0I0
Fundraising 64,065 71,290 I35,355
Other income 34,913 7,602 42,5 I5
Investment
income		 9,665 1,884 I 1,549
Total income and endowments 2,181,305 1,818,524 3,999,829
Expenditure
on:
Raising funds:
Consultancy
expenses		 493,581 493,581
Livestock purchases 164 164
Fundraising
and publicity		 502,011 9,407 5 I I,418
Charitable
activities:
Reserves management 849,709 84,141 933,850
Conservation 597,816 1,304,719 1,902,535
Total expenditure 2,443,281 1,398,267 3,841,548
Net (loss) I gain on investment (81) 2,685 2,604
Net (expenditure)
I income for		 the year (262,057) 422,942 I60,885
Transfers
between
funds		 (76,860) 76,860
Net movement
in funds		 (338,917) 499,802 I60,885
Funds at
I March 2019		 1,848,987 5,960,948 7,809,935
Funds at 29 February 2020 1,510,070 6,460,750 7,970,820

4 Income from donations
and legacies —Group and		 Income from donations
and legacies —Group and		 Income from donations
and legacies —Group and		 Income from donations
and legacies —Group and		 company
Unrestricted Restricted 2021 2020
Donations 52,322 9,219 61,541 71,913
Coronavirus
Job Retention
Scheme		 125,691 6,037 131,728
Legacies
-James Bennett		 21,000 21,000 71
- Elizabeth Anne Nicholas 70,000 70,000 143,000
- Betty Elsie Benney 1,879
- Held by Local Group accounts 6,062 6,062
- Diana Phoebe
Ball		 1,600 1,600 100,000
- Graham
Edward
Brinsden		 500
- Linda Margaret
Fenner		 3,513
- Lucinda Amy Cattran 1,000
- Susanne Gertrud
Helene Thompson		 315,000 3 I5,000
-Jean-Marie
Wallerstein		 42,093 42,093
- Robert Alan Babb 250 250
536,956 112,318 649,274 321,876
5 Grants receivable:
nature conservation		 —Group and Charity
Unrestricted
funds		 2021 2020
E.
Bourne Leisure grant towards
SAC Officer		 7,000
Cornwall
Council contribution
to ERCCIS		 40,000 40,000
Cornwall
Council —COVID-19 Grant		 10,000
Cornwall
Council —Pacific Oyster Monitoring		 3,500
DWP Access to Work (3,763) 5,853
Environment
Agency contribution
to ERCCIS		 9,137 9,137
John &Tessa Fearnley Charitable
Trust		 1,000
Marine Conservation
Society —Crawfish		 Boat Charter 1,910
Marine Strandings
Network		 10,500 14,345
Natural
England —Intertidal
SSSI		 4,000
Natural
England —Marine &Costal Code		 Project 4,990
Natural
England
- MSN		 2,155
Natural
England —Pacific Oyster Project		 9,995 11,881
Penhale County
Council —NVC &Condition		 Survey 6,942
Royal Society ofWildlife Trusts —COVID-19 Grant 4,950
Royal Society ofWildlife Trusts —Wilder Future 8,562
Rural Payments
Agency		 601,463 682,900
South West Water —ERCC IS 8,500
The Dingwall
Trust		 500
The Tanner Trust 8,000
Tesco Bags of Help 11,000
University
of Exeter —Employer
Subsidies		 2,600 1,300
Other grants 4,391
705,814 816,934

Grants receivable:
nature conservation - G		 ro up and Ch ar ity (contin ued)
Restricted
funds		 2021 2020
f.
Big Lottery Fund (National
Lottery) —Your Shore		 Beach Ranger P rolect 248,076 151,446
Cornwall
College Industrial
placement
Employer
Support		 Funding 1,125
Cornwall
Council —Land Hub Phase
I		 20,000
Cornwall
Council —Penwith
Landscape
Partnership		 Project 97,573 114,240
DEFRA - Environmental
Land Management
(Tests		 8& Trials) 20,520
EMFF —Cornwall
Good Seafood Guide		 9,420 30,893
Environment
Agency —Catchment
Partnership		 30,000 30,000
Environment
Agency —Hayle Estuary Catchment		 2,000
Environment
Agency —Land Hub Phase
I		 10,000
Environment
Agency —Ridgeway Wetlands
Monitoring		 Project 20,000
Environment
Agency —River Cober		 25,000
Environment
Agency —Upstream
Thinking		 2,500
Fishmongers'
Company's
Fisheries Charitable
Trust		 - CGSG 7,000
Groundwork
UK (Tesco) - StAustell
Bay: Marine		 Strandings I,OOO
Groundwork
UK (Tesco) - Wildlife Watch		 I,OOO
Heritage
Lottery Fund —Dynamic
Dunes		 72,495 85,298
Heritage
Lottery Fund —Penwith
Landscape
Partnership		 (Delivery Phase) 334,520 524,717
Marine
Management
Organisation
(MMO) - CGSG		 13,626
National
Lottery Community
Fund —COVID-19 Grant		 9,6 I6
National
Lottery Heritage
Fund —COVID-19 Grant		 56,200
Natural
England —Marine Recreation
Disturbance		 Project 4,583
Natural
England —Nature
Recovery Seedcorn
Funding:		 LNRS 4,583
Natural
England —WEIF Tresillian
R Carrick Roads		 47,253
Oxford Innovation
Cornwall —Looe Island		 3,748
Royal Society ofWildlife Trusts —Carbon Footprint Project 10,000
Royal Society ofWildlife Trusts —Reserves Drone Filing Project 15,376
Rural Payments
Agency - Muchlarnick		 307
Rural Payments
Agency —Looe Island		 175,232
South West Water —Upstream
Thinking		 360,034 361,568
Tanner Trust - PLP 10,000
TEVI 52,416 45,077
The Banister Charitable
Trust —Looe Island Project		 30,000
Tin Coast Partnership
Coastal Communities
Fund		 Grant N Trust 22,500
UFAW —Strandings
Bycatch Project		 2,500
University
of Exeter —A21 WP Employer
Subsidies		 1,300
University
of Exeter —Strategic Priorities
Fund		 4,800
Volunteer
Cornwall —Cleaner Seas		 (1,734)
Other grants 4,640 8,597
1,668,588 1,412,457
Total grants receivable —Group and Charity 2,374,402 2,229,391

nvestment
inco		 me
Unrestricted Restricted 2021 2020
E E
Bank interest 5,992 1,756 7,748 11,549
Total investment income - Group 5,992 1,756 7,748 11,549
Gift Aid from trading subsidiary (note 8)
Interest from trading subsidiary re loan 5,909 5,909 8,622
Total investment income —Charity 11,901 1,756 13,657 20,171

summary
ofth		 e trading resu lts
is shown		 belo w:
2021 2020
Turnover 74I,910 604,994
Operating
costs		 (676,150) (573,580)
Profit for the year 65,760 31,414
Consolidation
adjustments
Gift aid donation
Sales to charity (10,615) (52,933)
Costs recharged from charity 74,472 64,540
Purchases
from		 charity 5,168 6,837
Interest on intercompany loan 5,910 8,622
74,935 27,066
The assets and liabilities ofthe subsidiary were:
Current
assets		 242,341 220,335
Amounts
owed		 to Cornwall Trust for Nature Conservation Limited (104,461) (175,261)
Other creditors (84,30I) (57,255)
Net assets 53,579 (12,181)
Reserves 53,579 (12,181)
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2021 2020
Management I I
Administration II 9
Conservation and Reserves 42 42
Marketing 12 12
Consultancy II II
77 75
he aggregate staff costs ofthese persons included within the accounts were as follows:
2021 2020
E E
Wages and salaries 2,076,852 1,932,856
Social security costs 174,240 154,577
Pension costs 57,106 52,985
Redundancy costs 40,022
Holiday
pay provision		 movement 14,978 (4,215)
2,363,198 2,136,203

Quoted UK shares UK Equities Other Listed Total
Investments
E. E
Market value at I March 2020 286 54,803 55,089
Revaluation (36) 2,622 2,586
Market value at 28 February 2021 250 57,425 57,675
Cost at 28 February 2021 88 48,500 48,588
Debtors
The Group The Charity
2021 2020 2021 2020
E
Trade debtors 1,627,389 1,288,034 I,477,864 1,158,520
Income tax recoverable 2I, I05 58,227 2I, 105 58,227
Amounts
owed		 by Cornwall
Environmental Consultants Limited I04,461 175,261
Other debtors including taxation 531 18,955 16,449
Prepayments 19,291 16,529 19,291 16,529
1,668,316 1,381,745 1,622,721 1,424,986

I 6 Creditors:
amounts
falling		 due within one due within one due within one year
The Group The Charity
2021 2020 2021 2020
E
Bank loans (see note 17) 22,589 22,589 22,589 22,589
Hire purchase
(see note 17)		 5,I78 8,0 I6 5,178 8,016
Trade creditors 166,379 96,745 164,437 103,093
Other creditors
including
taxation
and social security 70,124 76,799 31,586 41,079
Accruals I53,204 110,203 112,995 95,460
Deferred
income (see below)		 3,067 108,587 3,067 108,587
420,541 422,939 339,852 378,824
202 I 2020
E
Deferred income —Group and Charity
Total deferred
income brought		 forward I08,587 567
Amounts
released from previous		 years (108,587) (567)
Incoming resources deferred in the current year 3,067 108,587
Total deferred
income carried forward		 3,067 I08,587
Deferred income comprises of:
Rental income relating to 2021-22 invoiced in advance 567
Donation
towards 21-22 survey		 work 2,500
Total deferred
income carried forward		 3,067

I 7 Creditors: Creditors: amounts amounts amounts falling due after more than one year —Group and Charity falling due after more than one year —Group and Charity
2021 2020
E
Bank loans 140,787 161,341
Hire Purchase I 1,6 I I 3,578
152,398 164,919
Analysis of loans
Not wholly repayable within five years by instalments I63,376 183,930
163,376 183,930
Included in current liabilities (22,589) (22,589)
140,787 161,341
Loan maturity analysis
In more than one year but not more than two years 22,589 22,589
In more than two years but not more than five years 67,767 67,767
In more than five years 50,431 70,985
140,787 161,341
The bank loans are secured loans are secured by a fixed charge over by a fixed charge over some of the charity's freehold properties,
namely,		 Five Acres
and Two Burrows which
have a carrying		 value of 6630,000 (2020:6630,000) within the balance sheet.
The bank loans are repayable by monthly instalments. Interest is chargeable at 1%above the Lloyds Bank base rate.
2021 2020
E E
Net obligations under hire purchase contracts
Total future
minimum
hire purchase
lease payments		 are as follows:
Repayable within one year 5,178 8,016
Repayable between one and five years 11,611 3,578
16,789 11,594
Included in current liabilities (5,178) (8,016)
11,611 3,578

Unrestr ict ed funds - Group
At
I		 Incoming Resources Gains, losses At 28
March resources expended and transfers February
2020 202I
E
General funds 284,844 2,664,389 (2, 194,966) (259,921) 494,346
Designated funds 1,225,028 1,492 (70,756) 264,921 1,420,685
Revaluation reserve 198 (36) l62
1,510,070 2,665,881 (2,265,722) 4,964 1,915,I93
Unrestricted funds —Group —Prior Year
At
I		 Incoming Resources Gains, losses At 29
March resources expended and transfers February
2019 2020
E
General funds 626,765 2,181,305 (2,363,120) (160,106) 284,844
Designated funds 1,221,943 (80,161) 83,246 1,225,028
Revaluation reserve 279 (81) I98
1,848,987 2,181,305 (2,443,281) (76,941) 1,5 I0,070

The Cornwall The Cornwall Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Trust for Nature
Conservation		 Limited Limited
(Limited
by guarantee)		 Trading as Cornwall Wildlife Trust
Notes
(forming part ofthe financial statements)
20 Restricted
funds		 —Group and Charity
All restricted
funds promote		 nature conservation
in Cornwall		 and the Isles of Scilly via the various projects as specified
above. Legacy Funds will be used for the future purchase and maintenance of land and nature reserves. Any funds with
a negative
balance		 at the year-end will be eliminated
by receipt of income or transfer		 in the next financial year.
At
I		 Incoming Resources At 28
March resources expended Transfers February
2020 2021
f.
Capital Funds
Grants: received pre I March 1991 46,501 46,501
Arthur
Denis Ellory Legacy		 408,280 (5,391) 402)889
Aston
Land Purchase		 247,813 (19,109) 228,704
Bakers Pit 20,506 20,506
Beales Meadows 33,500 33)500
Bostraze Bog &Bartinney Downs 278,903 278,903
Bosvenning 4,400 4,400
Cabilla —Lottery 111,340 I I I)340
Caer Barn 53,388 53,388
Carn Glaze Farm 405,115 405,115
Chun 29,469 29&469
Creddacott 16,165 16,165
Crift 41,264 41)264
Dynamic
Dunes		 84,700 (21,175) 63)525
Environment
Agency		 Land Purchase 18,515 18,515
Higher Trevilmick
Farm		 157,522 157,522
Juleff Legacy Fund 81,200 81,200
Land at Breney Farm, I anlivery 69,014 69)014
Land at Higher Bartinney 79,438 79,438
Land at Helman Tor 87,035 87)035
Land at Kenidjack 19,065 19,065
Land at Lanvean
Bottoms		 100,000 100,000
Land at Middle Amble Wadebridge 33,603 33,603
Land Purchase
Funds		 —Various Minor 500 (500)
LEADER Fund 35,529 (13,147) 22,382
Local Group Assets 313 (926) (613)
Loggans Moor 22,350 22,350
Looe Island 1,250,000 1,250,000
Looe Island Capital Project 221,369 221)369
Lower Lewdon 11,000 I I)000
Lower Penhale,
Lostwithiel		 10,000 10,000
Lowertown
Moor		 11,286 11,286
Middle Amber
Marsh		 Bird Hide 10,947 (1,397) 9,550
Macr Lake 5,067 5,067
Minack Chronicles 2,400 2&400
Muchlarnick
Farm		 4,734 4,734
Nicholas
Legacy —Land Purchase		 686,921 70,000 10,017 (474,130) 292)808
Penwith
Landscape
Partnership		 33,005 (6,274) 26,731
Power for Wildlife 19,684 (2,461) 17,223
Priddacombe
Downs		 306,574 306,574
Prideaux Woods 49,920 49&920
Rosenannon
Downs		 40,000 40,000
Shangri
La		 100,000 100)000
Shepherd
Legacy Fund		 427,311 427)311
Sylvia's Meadow 8,260 8,260
Upstream
Thinking		 21,299 (6,745) 14,554
Walter Alexanda
Marsh		 Estate 100,000 (9,532) 90,468
Windmill
Farm		 151,743 151,743
Your Shore Beach Ranger 2,284 (372) 1,912
5,263,734 70,000 (24,515) 168,871 5,478,090

20 Restricted
funds —Group		 and Charity (continued)
At
I		 Incoming Resources Transfers At 28
March resources expended February
2020 2021
E E.
Revenue
funds
A~ea/s:
Badger Vaccination
Appeal		 26,134 3,642 (4,616) (3,181) 21,979
Cornwall
Nature
Reserves		 Fund 14,415 33,400 47,815
COVID-19 Appeal 10,729 (10,729)
Hedgehog
Appeal		 71 35,974 (1,197) 34,848
Marine Strandings
Appeal		 365 50 415
Protecting
Cornwall's
Mammals		 5,784 63 (639) 5,208
Other:
Adopt a Bat (Puddiphat
Legacy)		 47,025 47,025
Alexanda
Recorders
Fund		 61,380 4,360 (975) 64,765
Badger Vaccination
Project		 (3,181) 3,181
Beaver Project 3,768 2,641 (1,124) 5,285
Branch Accounts
(Local Groups)		 25,996 11,586 (10,628) 926 27,880
Building with Nature
Standard		 1,882 (960) 922
Bude Project (2,870) 2,870
Bycatch Evidence
Evaluation		 2,500 (2,500)
Protocol
Carbon Footprint Project 10,000 (614) 9,386
Catchment
Partnership
Catchment
Partnership		 28,513
44,845		 30,000 (23,660)
(21,336)		 34,853
23,509
(Perranporth)
Cornwall
Plastic Pollution		 Coalition 3,368 1,994 (256) 5,106
County
Farm Advice		 900 900
CPPC - Suez 6,037 (6,037)
Dynamic
Dunes		 (623) 72,495 (87,035) 21,175 6,012
East Looe Project 2,271 (2,271)
ELMS —ERCCIS Project (9,021) 69,702 (60,681)
Environmental
Growth for		 6,473 53,435 (78,493) (18,585)
Business (TEVI)
Good Seafood Guide 20,936 31,509 (61,574) (9,129)
Groundworks
(Tesco) Marine		 1,000 (1,000)
Strandings
Groundworks
(Tesco) Wildlife		 1,000 (1,000)
Watch
Fund
Highways
England
Environmental		 6,521 8,600 (15,125) (4)
Fund
Land Hub Phase
I		 30,000 (1,644) 28,356
LEADER Fund (356) (12,791) 13,147
Looe Island Development Project 90,130 175,232 (96,049) (213,868) (44,555)
Macr Lake Flood Defence 3,800 (190) 3,610
Middle Amber
Marsh
Bird		 Hide (1,397) 1,397
Minack Chronicles 27,984 390 (2,964) 25,410
Muchlarnick 172,538 22,700 (9,175) I86,063
Nature
Recovery Seedcorn		 (LNRS) 4,583 (773) 3,810
Nature
Recovery Seedcorn		 4,583 (4,583)
(Marine)
Nature
Reserve
Filming Project		 15,376 (6,036) 9,340
NLCF Covid Grant 9,616 (9,616)
NLHF Emergency
Fund		 56,200 (56,200)
Osprey Project 149 149
Oxford Innovation
—Looe		 Island 7,500 (7,500)

20
Restricted
funds —Group and		 Charity (conti nued)
At
I		 Incoming Resources Transfers At 28
March resources expended February
2020 2021
E
Revenue funds (continued)
Pendarves
Project		 5,000 5,000 10,000
Penwith
Landscape
Partnership		 302,801 465,718 (571,135) 1,274 198,658
Delivery
Power for Wildlife (2,461) 2,461
Prideaux Woods 225 225
Re-Open
Nansmellyn
Marsh		 1,857 1,857
Project
Ridgeway Wetlands
Monitoring		 20,000 (20,000)
Project
South West Marine Ecosystems 2,143 104 (300) 1,947
Suez Enforcement —Nature 11,139 (3,413) 7,726
Reserves
SWW Marine Sponsorship 10,000 (10,000)
Towans Project 6,608 1,200 (7,808)
Tregothnan
Project		 822 (822)
UOE Strategic Priorities
Project		 4,800 (3,200) 1,600
Upstream
Thinking
Project		 180,598 368,743 (355,216) (11,088) 183,037
Upstream
Thinking ("Capital		 67,280 (7,593) 17,833 77,520
project")
UST: Devon
8& Cornwall
Soils		 (35) (35)
Alliance
Waste to Woodfuel
Project		 2,726 (8,426) (5,700)
WEIF —Tresillian
and Carrick		 47,253 (25,501) 2I,752
Roads
Wilder Cornwall
Museum		 2,000 2,000
Windmill
Farm Restoration		 31,773 (6,434) 25,339
Your Shore Beach Ranger Project (5,200) 248,281 (205,735) 372 37,718
YSBROBF Sub-Project (7) 7
Total of revenue
funds		 1,197,016 1,879,942 (1,819,070) (173,871) 1,084,017
Total restricted
funds		 6,460,750 1,949,942 (1,843,585) (5,000) 6,562, 107
*Adjustment to income total (2,622) *The revaluation reserve movement
is
to included
in the fund		 breakdown above
remove
Revaluation
Reserve		 to display the correct balance for the
*Income as per the Statement
of Financial Activities		 1,947,320 'Alexanda
Recorder's
Fund',
removed
from the final total		 but is then
of
restricted
income		 and shown separately
on the statement of financial activities
as again (loss) on investments.
The The Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Cornwall
Trust for Nature
Conservation		 Limited Limited
(Limited
by guarantee)		 Trading
as Cornwall		 Wildlife Trust
Notes
(forming part ofthe financial statements)
20 Restricted
funds —Group		 and Charity —Prior Year
All restricted
funds promote		 nature conservation in Cornwall and the Isles of Scilly via the various projects as specified
above. Legacy Funds
will		 be used for the future purchase and maintenance of land and nature reserves. Any funds with
a negative
balance at the		 year-end will be eliminated
by receipt of income or transfer		 in the next financial year.
At
I		 Incoming Resources At 29
March resources expended Transfers February
2019 2020
E
Capital
Funds
Grants: received pre
I		 March 1991 46,501 46,501
Arthur
Denis Ellory Legacy		 408,280 408,280
Aston
Land Purchase		 247,813 247,813
Bakers Pit 20,506 20,506
Beales Meadows 33,500 33,500
Bostraze Bog & Bartinney Downs 279,632 (729) 278,903
Bosvenning 4,400 4,400
Cabilla —Lottery 111,340 111,340
Caer Barn 53,388 53,388
Chun 29,469 29,469
Creddacott 16,165 16,165
Crift 41,264 41j264
Dynamic
Dunes		 84,700 84,700
Environment
Agency
Land		 Purchase 18,515 18,515
Higher Trevilmick
Farm		 157,522 157)522
Juleff
I egacy Fund
Land at Higher
Bartinney		 81,200 79,438 81,200
79,438
Land at Helman Tor 87,035 87,035
Land at Kenidjack 19,065 19,065
Land at Lanvean
Bottoms		 100,000 100,000
Land at Middle Amble Wadebridge 35,000 (1,397) 33,603
Land Purchase
Funds —Various		 500 500
Minor
LEADER Fund 48,676 (I3, I 47) 35,529
Local Group Assets 563 (250) 313
Loggans Moor 22,350 22,350
Looe Island 1,250,000 1,250,000
Lower Lewdon I I,000 11,000
Lower Penhale,
Lostwithiel		 10,000 10,000
Lowertown
Moor		 11,286 11,286
Middle Amber
Marsh		 Bird Hide 10,947 10,947
Macr Lake 5,067 5,067
Minack Chronicles 2,400 2,400
Muchlarnick
Farm		 68 4,666 4,734
Nicholas
L.egacy —Land Purchase		 735,500 143,000 (6,041) (185,538) 686,921
Penwith
Landscape
Partnership		 9,955 23,050 33,005
Power for Wildlife 22,145 (2,461) 19,684
Priddacombe
Downs		 306,574 306,574
Prideaux Woods 49,920 49,920
Rosenannon
Downs		 40,000 40,000
Shangri
La		 100,000 100,000
Shepherd
Legacy Fund		 415,662 11,649 427,311
Sylvia's
Meadow		 8,260 8,260
Upstream
Thinking		 2,033 19,266 21,299
Walter Alexanda
Marsh Estate		 100,000 100,000
Windmill
Farm		 152,910 (1,167) 151,743
Your Shore Beach Ranger 4,384 (2,100) 2,284
4,902,295 243,000 (6,041) 124,480 5,263,734

Restricted
funds —G		 r o up and Charit y —Prior Year (c ontinued)
At
I		 Incoming Resources Transfers At 29
March resources expended February
2019 2020
Revenue
funds
A~Is:
Habitat 17,684 (17,684)
Protecting
Cornwall's
Mammals		 50 10,133 (4,399) 5,784
Cornwall
Nature
Reserves		 Fund 25 13,620 770 14,415
Badger Vaccination
Appeal		 16,418 27,979 (19,333) 1,070 26,134
2018 Marine Strandings
Appeal		 365 365
Hedgehog
Appeal		 71 71
Qther
Adopt a Bat (Puddiphat
Legacy)		 48,782 (1,757) 47,025
Alexanda
Recorders
Fund		 57,396 4,570 (586) 61,380
Badger Vaccination
Project		 (3,321) 140 (3,181)
Beaver Project 4,893 3,938 (5, 1 64) 101 3,768
Bostraze Bog &Bartinney Downs 11,649 (729) (10,920)
Building with Nature
Standard		 4,800 (2,918) I&882
Branch Accounts
(Local Groups)		 11,446 28,390 (14,090) 250 25,996
Bude Project (1,734) (1,136) (2&870)
Catchment
Partnership		 24,913 30,000 (26,400) 28&513
Catchment
Partnership
(Perranporth)		 53,476 (8,631) 44,845
Cornwall
Plastic Pollution		 Coalition 3,800 (432) 3,368
CPPC - Suez 13,500 (6,463) (1,000) 6,037
Dynamic
Dunes		 85,298 (1,221) (84,700) (623)
East Looe Project 22,422 (20,151) 2,271
ELMS —ERCCIS Project (9,021) (9,021)
Environmental
Growth for		 Business (2,179) 45,077 (36,425) 6,473
Good Seafood Guide 12,653 36,951 (28,668) 20,936
Hayle Estuary 2,778 2,000 (4,778)
Highways
England
Environmental		 Fund 6,750 49,900 (50, 129) 6,521
LEADER Fund 23,037 (13,554) (9,839) (356)
Looe Island Development Project 30,500 59,630 90,130
Macr Lake Flood Defence 5,300 (1,500) 3&800
Middle Amber
Marsh Bird		 Hide (1,397) 1,397
Minack Chronicles 36,981 (6,597) (2,400) 27,984
Muchlarnick 165,858 306 (13,235) 19,609 1721538
Osprey Project
Oxford Innovation
—Looe		 Island 149 3,748 (3,748) 7,500 149
7,500
Pendarves
Project		 5,000 5,000
Penwith
Landscape
Partnership		 Dev't (791) (250) 1,041
Penwith
Landscape
Partnership		 Delivery 185,324 639,357 (497,789) (24,091) 302,801
Porth Project 359 (359)
Power for Wildlife (2,461) 2,461
Prideaux Woods 500 (275) 225
South West Marine Ecosystems 1,274 4,168 (3,299) 2,143
Suez Enforcement —Nature Reserves 16,075 (4,936) I I)139
Towans Project 6,589 7,500 (7,481) 6,608
Tregothnan
Project		 3,722 750 (3,650) 822
Upstream
Thinking
Project		 169,487 387,832 (325,224) (51,497) 180,598
Upstream
Thinking ("Capital		 project") 76,038 (42,289) 33,531 67,280
Wilder Cornwall
Museum		 2,000 2,000
Windmill
Farm Restoration		 33,862 (3,256) 1,167 31,773
Your Shore Beach Ranger Project 41,354 151,090 (200,944) 3,300 (5,200)
YSBROBF Sub-Project (7) (7)
Total of revenue
funds		 1,058,653 1,578,209 (1,392,226) (47,620) 1,197,016
Total restricted
funds		 5,960,948 1,821,209 (1,398,267) 76,860 6,460,750
*Adjustment to income total to
remove
Revaluation
Reserve		 (2,685) *The revaluation
reserve
fund breakdown
above to
the 'Alexanda
Recorder's		 movement
display the
Fund', but		 is included
in the
correct balance for
is then removed
*Income as per the Statement
of Financial
Activities		 1,818,524 from the final total ofrestricted
income and shown
separately
on the statement
offinancial activities as a
gain (loss) on investments.

21 Analysis ofgroup net assets between funds Unrestricted Restricted Total funds
funds funds
f. E. E
Fund balances at 28 February 202 1 are represented by:
Fixed assets 982,043 4,039,538 5,021,581
Current assets 1,385,559 2,643,099 4,028,658
Creditors: amounts falling due within one year (300,011) (120,530) (420,541)
Creditors: amounts falling due after more than one year (152,398) (152,398)
1,915,193 6,562,107 8,477,300
Analysis ofgroup net assets between funds —Prior Year
Unrestricted		 Restricted Total funds
funds funds
E.
Fund balances at 29 February 2020 are represented by:
Fixed assets 1,007,178 3,347,996 4,355,174
Current
assets		 927,302 3,276,202 4,203,504
Creditors: amounts falling due within one year (259,491) (163,448) (422,939)
Creditors: amounts falling due after more than one year (164,919) (164,919)
1,510,070 6,460,750 7,970,820

Land and buildings Land and buildings Other
2021 2020 2021 2020
E
Not later than one year 23,201 18,259 12,001 19,674
Later than one and not later than five years 46,365 43,430 23,163 21,842
Later than five years 8,964 3,792 5,202 6,755
78,530 65,481 40,366 48,271

Financial instruments
Group Company
202 I 2020 2021 2020
E. E
Carrying amount of financial assets
Measured at fair value through profit and loss 57,675 55,089 57,675 55,089
Debt instruments
measured		 at amortised cost 1,840,468 1,292,391 1,848,453 1,335,018
Carrying
Measured		 amount of
at amortised		 financial
cost		 liabilities 636,198 475,704 519,770 459,115
Group Company
2021 2020 2021 2020
E.
Income and expense
Financial liabilities
measured		 at amortised cost 2,981 3,628 2,981 3,628
Net gains and losses
Financial assets measured
at		 fair value through
profit and loss 2,586 2,604 2,586 2,604