2021-03-31-accounts - The Herefordshire Wildlife Trust Limited

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CONTENTS	CONTENTS
CONTENTS
1.	Introduction to Report ofthe Trustees
2.	Charitable Objectives and Purpose.
3.	Achievements and Performance
	3.1 CARING FOR WILDLIFE AND WILD PLACES
	3,1,1 Managing and improving	our Nature	Reserves for wildlife and people.
	3.1.2 Managing and improving	Queenswood	for wildlife and people
	3.1.3 Managing and improving	Bodenham	Lake for wildlife and people.
	3.1.4 A Wilder Herefordshire.
	3,1.5 Addressing the climate crisis
	3.2 INSPIRING PEOPLE TO ACT FOR NATURE
	3.2.1 Encouraging more people	to act for wildlife
	3.2.2 Bringing people closer to	nature		10
	3,2.3 Advocacy for wildlife			14
	3.2.4 Getting our message across			15
	3.2,5 Helping our staff to thrive			17
	3.3 GREATER INVESTMENT IN WILDLIFE AND PEOPLE			17
	3.3.1 Commercial activities			17
	3,3.2 Fundraising			18
4.	Delivering public benefit			19
5.	The Impact ofCoronavirus and Looking to the future			19
6.	Going concern. .			20
7.	Financial Review.			20
	7.1 Review ofthe financial position	at year end		20
	7.2 Financial effect ofsignificant events.			20
	7.3 Financial reserves policy.			21
	7.4 Investment performance.			21
8.	Governance and Management			21
9.	References and Administrative Details			22
10. Statement oftrustees' responsibilities				24
11.Independent Auditor Report				25
12.Financial Statements				29

Trustees
Debbie Beaton	Elected 15/10/2020
Jake Bharier	Elected 15/10/2020
Will Bullough	Vice Chair
Richard Cryer	Elected 15/10/2020. Treasurer from 02/12/2020
Pete Ford	Treasurer to 02/12/2020
Peter Garner
Jim Hardy
Brian Hurrell	Chair
Alison McLean
Stuart McMaster
Liz Overstall
Nick Smith
Matt Williams
Associate Trustee
Becca Hadaway	Co-opted 15/10/2020
Company Secretary		vacant
Chief Executive		Helen Stace
Senior Staff
Finance Manager		Amanda	Eckley
Conservation Senior	Manager	Andrew	Nixon

Statement of Financial Activities
Incor oratin anlncomeandEx	enditureAccount
for the Year Ended 31March 2021

for the Year Ended	31March	2021
						31.3.21	31.3.20
				Unrestricted	Restricted	Total	Total
			Notes	funds f	fundsf	funds f	funds f
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	367,730	444,761	812,491	319,344
Charitable activities
Landscapes				119,585	293,721	413,306	414,351
Queenswood site					228,300	228,300	218,469
Engagement					321,095	321,095	137,734
Other trading activities				48,749	11,592	60,341	132,907
Investment income				7,809		7,809	7,218
Other income				4,220		4,220	155,504
Total				548,093	1,299,469	1,847,562	1,385,527
EXPENDITURE ON
Raising funds			6	197,190	9,578	206,768	310,332
Charitable activities
Landscapes				166,367	409,956	576,323	652,888
Queenswood site					194,444	194,444	312,148
Engagement				60,941	303,031	363,972	156,114
Total				424,498	917,009	1,341,507	1,431,482
Net gains/(losses)	on investments			61,621		61,621	(40,408)
NET INCOME/(EXPENDITURE)				185,216	382,460	567,676	(86,363)
Transfers between	funds		21	(32,467)	32,467
Net movement in	funds			152,749	414,927	567,676	(86,363)
RECONCILIATION	OF FUNDS
Total funds brought forward				312,919	3,355,182	3,668,101	3,754,464
TOTAL FUNDS CARRIED FORWARD				465,668	3,770,109	4,235,777	3,668,101

Balance Sheet 31March 2021
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
	Notes	funds f	fundsf	funds f.	funds f
FIXEDASSETS
Tangible assets	13	2,086	3,260,175	3,262,261	2,988,146
Investments	14	251,155	55	251,210	190,893
		253,241	3,260,230	3,513,471	3,179,039
CURRENT ASSETS
Stocks	15	18,735		18,735	22,940
Debtors	16	76,852	85,000	161,852	61,842
Cash at bank and in hand		185,783	424,879	610,662	455,683
		281,370	509,879	791,249	540,465
CREDITORS
Amounts falling due within one year	17	(34,801)		(34,801)	(51,403)
NET CURRENT ASSETS		246,569	509,879	756,448	489,062
TOTAL ASSETS LESSCURRENT LIABILITIES		499,810	3,770,109	4,269,919	3,668,101
CREDITORS
Amounts falling due after more than one year	18	(34,142)		(34,142)
NET ASSETS		465,668	3,770,109	4,235,777	3,668,101
FUNDS	21
Unrestricted funds:
General fund				460,668	307,919
Designated Funds				5,000	5,000
				465,668	312,919
Restricted funds:
Restricted				3,770,109	3,355,182
TOTAL FUNDS				4,235,777	3,668,101

for the Year Ended 31Mar	ch 2021
				31.3.21	31.3.20
			Notes	E	E
Cash flows from operating	activities
Cash generated from operations				439,724	(201,561)
Net cash provided by/(used	in) operating		activities	439,724	(201,561)
Cash flows from investing	activities
Purchase oftangible fixed	assets			(321,691)	(149,718)
Purchase offixed asset investments				(33,012)	(141,573)
Sale oftangible fixed assets				1,500	398,096
Sale offixed asset investments				34,316	42,689
Net cash (used in)/provided	by investing		activities	(318,887)	149,494
Cash flows from financing	activities
New loans in year				34,142
Net cash provided by financing activities				34,142
Change in cash and cash equivalents		in the
reporting period				154,979	(52,067)
Cash and cash equivalents	at the beginning
ofthe reporting period				455,683	507,750
Cash and cash equivalents	at the end	of
the reporting period				610,662	455,683

RECONCILIATION OF NE ACTIVITIES	T I	NCOME/(EXPENDI	TURE) TO NET CAS	H FLOW FROM	OPERATING
					31.3.21	31.3.20
					E	f
Net income/(expenditure)		for the reporting	period (as per the
Statement ofFinancial Activities)					567,676	(86,363)
Adjustments for:
Depreciation charges					47,576	47,932
(Gain)/losses on investments					(61,621)	40,408
Profit on disposal offixed assets					(1,500)	(153,846)
Decrease in stocks					4,205	10,045
Increase in debtors					(100,010)	(12,965)
Decrease in creditors					(16,602)	(46,772)
Net cash provided by/(used		in) operations			439,724	(201,561)
ANALYSIS OF CHANGES	IN	NET FUNDS
				At 1.4.20	Cash flow	At 31.3.21
				E	E	E
Net cash
Cash at bank and in hand				455,683	154,979	610,662
				455,683	154,979	610,662
Debt
Debts falling due after 1	year				(34,142)	(34,142)
					(34,142)	(34,142)
Total				455,683	120,837	576,520

OTHER TRADING ACTIVITIES
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E	E	E	E
Fundraising		1,505		1,505	10,820
Shop sales		38,775	792	39,567	105,483
Other sales incl. consultancy	R, orchard	8,469	10,800	19,269	16,604
related income
		48,749	11,592	60,341	132,907

INVESTMEN	T INCOME
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E	E	E	E
Investment	Income	7,809		7,809	7,218

INCOME FRO	M CHARITABLE	ACTIVITIES
					31.3.21	31.3.20
			Queenswood		Total	Total
		Landscapes	site	Engagement	activities	activities
		E	E		E	E
Project grants	and
sponsorship		412,906	47,154	321,095	781,155	602,373
Queenswood	site income	400	181,146		181,546	168,181
		413,306	228,300	321,095	962,701	770,554

Raising do	nati	ons an	d l	egacies
							31.3.21	31.3.20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					f	f	f	f
Staff costs					42,216		42,216	65,351
Travel and	volunteer		expenses					717
Fundraising,	marketing			and appeal costs	42,151	9,457	51,608	48,702
Support costs					36,220	121	36,341	44,561
					120,587	9,578	130,165	159,331
Other trading		activities
							31.3.21	31.3.20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					f	f		f
Purchases					14,626		14,626	45,712
Staff costs					23,461		23,461	48,874
Ledbury shop		expenses			21,007		21,007	26,070
Queenswood		shop expenses			2,915		2,915	3,161
Support costs					13,647		13,647	25,878
					75,656		75,656	149,695
Investment	management			costs
							31.3.21	31.3.20
					Unrestricted	Restricted	Total	Total
					funds	funcls	funds	funds
					f	f	f	f
Investment	management			costs	947		947	1,306
Aggregate	amounts				197,190	9,578	206,768	310,332

CHARITABLE	ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs E	note 8) f	Totals E
Landscapes		454,716	121,607	576,323
Queenswood	site	181,863	12,581	194,444
Engagement		316,517	47,455	363,972
		953,096	181,643	1,134,739

			Charitable
		Raising	Activities	31.3.21	31.3.20
		Funds
		E	E	E	E
Staff wages	costs	26,966	101,493	128,459	145,015
Office and other costs		22,341	77,589	99,930	116,852
Governance,	legal and prof.	680	2,562	3,242	9,700
		49,987	181,644	231,631	271,567

	31.3.21	31.3.20
	E	E
Depreciation —owned assets	47,576	47,929
Surplus on disposal offixed assets	(1,500)	(153,846)
Auditors —audit fee	8,440	9,990
Pension charge	26,368	26,876
Operating leases	14,830	16,605
Gains/(losses) on investments	61,621	(40,408)

STAFF	COSTS
		31.3.21	31.3.20
		f	f
Wages	and salaries	545,074	562,571
Social	security costs	40,647	40,789
Other	pension costs	26,368	26,876
		612,089	630,236

COMPARATIVE MARCH 2020	S FOR THE CH	ARITY STATEMENT OF	FINANCIAL ACTIVITIES YEAR	ENDED 31
			Unrestricted	Restricted	Total
			funds	funds	funds
			f	f	f
INCOME AND	ENDOWMENTS	FROM
Donations and	legacies		227,506	91,838	319,344
Charitable activities
Landscapes			118,033	296,318	414,351
Queenswood site			171,093	47,376	218,469
Engagement			12,389	125,345	137,734
Other trading	activities		132,346	561	132,907
Investment income			7,218		7,218
Other income			742	154,762	155,504
Total			669,327	716,200	1,385,527

COMPARATIVES F	OR THE CHARITY STATEMENT OF F	ACTIVITIES - cont	inued
		Unrestricted	Restricted	Total
		funds	funds	fu nels
			f	f
EXPENDITURE ON
Raising funds		299,859	10,473	310,332
Charitable activities
Landscapes		152,892	499,996	652,888
Queenswood site		239,393	72,755	312,148
Engagement		95,229	60,885	156,114
Total		787,373	644,109	1,431,482
Net gains/(losses)	on investments	(40,408)		(40,408)
NET INCOME/(EXPENDITURE)		(158,454)	72,091	(86,363)
Transfers between	funds	37,594	(37,594)
Net movement in	funds	(120,860)	34,497	(86,363)
RECONCILIATION	OF FUNDS
Total funds brought forward		433,778	3,320,686	3,754,464
TOTAL FUNDS CARRIED FORWARD		312,918	3,355,183	3,668,101
The above relates	to the year ended 31March 2020
TANGIBLE FIXEDASSETS
				Improvement
	Freehold	Short	Long	to
	property f	leasehold f	leasehold f	property f
COST
At 1April 2020	1,738,380	4,750	851,992	375,957
Additions	321,691
Disposals
At 31March 2021	2,060,071	4,750	851,992	375,957
DEPRECIATION
At 1April 2020		4,750	6&,160
Charge for year			17,040
Eliminated on disposal
At 31March 2021		4,750	85,200
NET BOOK VALUE
At 31March 2021	2,060,071		766,792	375,957
At 31March 2020	1,738,380		783,832	375,957

TANGIBLE FIXEDASSETS - c	ontinued
		Fixtures
	Plant and	and	Motor	Computer
	machinery f	fittings f	vehicles f	equipment f	Totals f
COST
At 1April 2020	87,670	61,717	93,882	52,903	3,267,251
Additions					321,691
Disposals			(9,392)		(9,392)
At 31March 2021	87,670	61,717	84,490	52,903	3,579,550
DEPRECIATION
At 1April 2020	58,932	26,759	68,185	52,319	279,105
Charge for year	7,262	11,802	11,154	318	47,576
Eliminated on disposal			(9,392)		(9,392)
At 31March 2021	66,194	38,561	69,947	52,637	317,289
NET BOOK VALUE
At 31March 2021	21,476	23,156	14,543	266	3,262,261
At 31March 2020	28,738	34,958	25,697	584	2,988,146

FIXEDASSET INVESTMENTS
	Shares in
	group	Listed
	undertakings	investments	Totals
		f	f
MARKET VALUE
At 1April 2020	155	190,738	190,893
Additions		33,012	33,012
Disposals	(100)	(28,602)	(28,702)
Revaluations		56,007	56,007
At 31March 2021	55	251,155	251,210
NET BOOK VALUE
At 31March 2021	55	251,155	251,210
At 31March 2020	155	190,738	190,893

Registered	office:	office:
Nature of	business: Conserve		and manage	orchards
Class ofshare					holding
Ordinary					100
						31.3.21	31.3.20
						f	f
Aggregate	capital and reserves						100
Queenswood		and Bodenham	Lake C.I.C
Registered	office:
Nature of	business: Conservation
					o/
Class ofshare:					holding
Ordinary					55
						31.3.21	31.3.20
						f
Aggregate	capital and reserves					55	55

15.	STOCKS
			31.3.21	31.3.20
			f	f
	Finished goods		18,735	22,940
16.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
			f
	Trade debtors		51,303	32,356
	Other debtors		20,398	15,226
	Accrued income		85,000
	Prepayments		5,151	14,260
			161,852	61,842

CREDITORS: AMOU	NTS FALLING DUE WITHIN ONE YEAR
		31.3.21	31.3.20
		f	f
Trade creditors		21,629	29,769
Social security and	other taxes	274	10,479
VAT		5,464	2,644
Other creditors		1,500	1,098
Deferred income		5,000	5,000
Accrued expenses		934	2,413
		34,801	51,403
Deferred income
			31.3.21
			f
At 1April 2020			5,000
Resources deferred	in the year
Amounts released	from previous year
At 31March 2021			5,000

CRED	ITORS:	AM	OUNT	S FALLING DUE AFTER MORE TH	AN ONE YEAR
					31.3.21	31.3.20
					E	E
Other	loans	(see	note	19)	34,142

					31.3.21	31.3.20
					E	E
Within one year					14,091	15,121
Between one		and five years			8,857	22,948
					22,948	38,069
MOVEMENT		IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.21
			E	E	E	E
Unrestricted		funds
General fund			307,919	185,217	(32,468)	460,668
Designated	Funds		5,000			5,000
			312,919	185,217	(32,468)	465,668
Restricted funds
Restricted			3,355,182	382,459	32,468	3,770,109
TOTAL FUNDS			3,668,101	567,676		4,235,777

		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	in funds f
Unrestricted	funds
General fund		548,093	(424,497)	61,621	185,217
Restricted funds
Restricted		1,299,469	(917,010)		382,459
TOTAL FUNDS		1,847,562	(1,341,507)	61,621	567,676

			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.20
		f	f	f	f
Unrestricted	funds
General fund		428,778	(158,453)	37,594	307,919
Designated	Funds	5,000			5,000
		433,778	(158,453)	37,594	312,919
Restricted funds
Restricted		3,320,686	72,090	(37,594)	3,355,182
TOTAL FUNDS		3,754,464	(86,363)		3,668,101

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f	f	f	f
Unrestricted	funds
General fund		669,327	(787,372)	(40,408)	(158,453)
Restricted funds
Restricted		716,200	(644,110)		72,090
TOTAL FUNDS		1,385,527	(1,431,482)	(40,408)	(86,363)

MOVEMENT IN FUNDS	- continu	ed
					Gains /Losses
		Opening	Incoming	Outgoing	and		Closing
Restricted Funds		Balance Resources		Resources	transfers		Balance
Fixed Assets		f	f	f	f		f
Core		21,645		(6,152)			15,493
Marketing		2,236		(462)			1,774
Nature Reserves (b)		1,747,015	90,000	(2,498)	231,692		2,066,209
Orchard Origins		2,319		(550)			1,769
Play Rangers Office		4,148		(1,605)			2,543
Queenswood		35,230		(8,598)			26,632
QW shop		1,756		(524)			1,232
Queenswood and Bodenham
lake		783,832		(17,040)			766,792
Tretawdy farm		375,957					375,957
Welcome to our future		5,523		(5,523)
Wildplay		2,236		(462)			1,774
		2,981,897	90,000	(43,414)	231,692		3,260,175
Net Current Assets
Building Better Opportunities		(5,730)	15,749	(17,667)			(7,648)
Carbon Reduction Fund			10,000	(6,425)			3,575
Children in Need		5,332	3,847	(12,539)			(3,360)
Delivering the Nutrient		(110,226)	49,600	(90,609)	7,749		(143,486)
Management Plan
Gillian Bulmer		(113)				113
HCDT —Dist offunds		14,292	15,510	(3,403)	(15,300)		11,099
HWT Emergency Fund			147,400	(176,071)	28,622		(49)
lce Age Ponds		(7,313)	59,334	(84,632)			(32,611)
LEMUR Bursary Scheme		1,915					1,915
Lower House Farm (a)		58,706		(10,712)			47,994
Lugg Living Landscapes	Projects	38,726	24,512	(28,933)			34,305
(d)
Mgmt and Upkeep of Nature
Reserves		279,966	140,503	(84,823)	(87,443)		248,203
Nature Nurture Nourish			154,071	(82,560)			71,511
Oak Tree Farm		(977)	196,677	(34,047)	(151,791)		9,862
Project Green Child		190		(190)
Queenswood reserve		(21,580)	274,178	(176,479)	(21,740)		54,379
Queenswood Engagement		500	700	(330)			870
Queenswood Heritage Gateway		(29,741)			29,741
QW Pollinators		3,840	(80)			27	3,787
The Goggin			85,000				85,000
Thrive —employee wellbeing		2,315		(120)			2,195
Tretawdy Reserve		82,270	10,818	(21,395)			71,693
Wetland Vision / Lugg Wetland
Gem (c)		34,744	3,488	(8,757)	(5,719)		23,756
Wildplay Rangers		29,620	2,400	(18,400)	8,320		21,940
Yazor Brook Project		(7,708)	14,913	(15,377)	8,196		24
Yazor Brook Extension		4,257					4,257
30x30-General Fund			849	(126)			723
		373,285	1,209,469	(873,595)	(199,225)		509,934
Total Restricted Funds		3,355,182	1,299,469	(917,009)	32,467		3,770,109

						Gains /Losses
			Opening	Incoming	Outgoing	and	Closing
			Balance	Resources	Resources	Transfers	Balance
Fixed assets			6,247		(4,161)		2,086
Current assets			301,672	548,093	(420,337)	29,154	458,582
Total Unrestricted		Funds	307,919	548,093	(424,498)	29,154	460,668
Designated
Bird donation			5,000				5,000
			5,000				5,000
Unrestricted	and Designated
Funds			312,919	548,093	(424,497)	29,154	465,668
Total Funds	Charity		3,668,101	1,847,562	(1,341,507)	61,621	4,235,777

		Hecta res
The Birches		24.3
Bodenham Lake		44.5
Brilley Green Dingle		4.7
Canon Tump Common		1.1
Cethins Meadow		2.2
Christopher Cadbury		4.9
Clay Vali et Wood		3.4.
Clifford Common		3.4
Common Hill		1.6
Coughton Marsh		1.2
Court Wood		2.4
Crow Wood 8 Meadow		9.4
Davies Meadow		8.3
Ernie Gilbert Meadow		1.9
Hampton Meadow		24.5
Hampton Park Road		0.8
Holywell Dingle		3.6
King Arthur's Cave		1.5
Lea 5Pagets Wood		8.9
Leeping Stocks		8.1
Little Marises		2.0
Littley Coppice		3.3
Lord's Wood Quarry		1.3
Lower House Farm		16.0
Lugg Meadows		62.8
Merrivale Wood		5.1
Miners Rest		3.1
Motlins Hole		6.0
Nupend Wood		4.9
Oak Tree Farm		12.6
Pages Pasture		3.3
Parish Field		0.9
The Parks		8.3
Parky Meadow		8.8
Pool Ellocks		0.4
Quebb Corner Meadow		1.4
Queenswood Country	Park	68.8
Romers Wood		12.2
Rookhill Coppice		0.5
Stockings Meadow		4.0
The Sturts		42.5
Titley Pool		9.9
Tretawdy		11.0
Upper Swingley Wood		0.8
Upper Welson Marsh		0.8
Wern Wood		0.8
Wessington Pasture		11.3
White Rocks		0.9
Woodside		6.2
Wyevale Wood		4.1
		474.7

						31.3.21	31.3.20
						E	E
INCOME AND	ENDOWMENTS
Donations and legacies
Donations						320,150	38,091
Gift aid						58,797	37,852
Legacies						108,148	91,368
Grants						165,854
Membership						159,542	152,033
						812,491	319,344
Other trading	activities
Fundraising						1,505	10,820
Shop sales						39,567	105,483
Other sales —incl. consultancy					and orchard related income	19,269	16,604
						60,341	132,907
Investment income
Investment Income						7,809	7,218
Charitable activities
Project grants	and	sponsorship				781,155	602,373
Queenswood	site income					181,546	168,181
						962,701	770,554
Other income
Gain on sale oftangible				fixed assets		1,500	153,846
Other Income						2,720	1,658
						4,220	155,504
Total incoming resources						1,847,562	1,385,527
EXPENDITURE
Raising donations		and		legacies
Wages						38,524	56,363
Social security						1,984	4,938
Pensions						1,708	4,050
Travel and volunteer			expenses				717
Fundraising, marketing				and appeal costs		51,608	48,702
						93,824	114,770
Other trading	activities
Shop purchases						14,263	40,565
Orchard Origins costs						363	5,147
Wages						21,670	44,110
Carried forward						36,296	89,822

Detailed Statement of	Financial	Financial	Financial
for the Year Ended 31	March 2021
				31.3.21	31.3.20
				E
Other trading activities
Brought forward				36,296	89,822
Social security				1,009	2,799
Pensions				782	1,965
Ledbury shop expenses				21,007	26,070
Queenswood shop expenses				2,915	3,161
				62,009	123,817
Investment management		costs
Investment management		costs		947	1,306
Charitable activities
Wages				375,357	333,748
Social security				25,167	22,885
Pensions				17,428	14,363
Travel				5,540	10,153
Office costs				111,789	93,034
Training and Education				4,428	8,635
Repairs, maintenance	and		hire	17,635	55,824
Sundry				55,616	43,556
Legal and professional	fees			16,092	5,349
Queenswoods land management				35,710	28,541
Reserves land management			costs	181,945	174,308
Project Based Consultancy				61,115	76,468
New Leaf Consultancy				9,364	16,808
Long leasehold				17,040	17,040
Plant and machinery				6,909	7,349
Fixtures and fittings				11,802	11,802
Computer equipment				159	159
				953,096	920,022
Support costs
Management
Wages				109,523	128,350
Social security				12,487	10,167
Pensions				6,450	6,498
Office costs				76,207	86,438
Training and Education				321	2,884
Repairs, maintenance	and		hire	11,603	892
Travel				132	15,056
Legal and professional				3,242	9,700
Plant and machinery				353	1,181
Motor vehicles				11,154	7,870
Computer equipment				159	2,531
				231,631	271,567
Total resources expended				1,341,507	1,431,482
Net income/(expenditure)			before gains and
losses				506,055	(45,955)