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2022-03-31-accounts

CONTENTS .
1.
Introduction
to Report ofthe Trustees.
2.
Charitable
Objectives and Purpose.
3.
Achievements 5 Performance
3.1 Caring for wildlife and wild places
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
3.14 A Wilder Herefordshire
3.1.5 Addressing
the climate crisis
3.2 Inspiring
people to act for nature.		 10
3.2.1 Encouraging
more people to		 act for wildlife. 10
3.2.2 Bringing people closer to nature
3.2.3 Advocacy for wildlife 14
3.3 Greater investment
in wildlife		 and people 17
3.3.1 Fundraising.
3.3.2 Commercial
activities		 18
4.
Delivering
Public Benefit.		 18
5.
The impact ofCovid and looking to		 the future 19
5.1 Operational
impacts.		 19
5.2 Financial
Impacts
5.3 Plans for the future 20
5.4 Going concern. 21
6,
Financial
Review .
6.1 Review ofthe financial
position at		 year end.. 22
6.2 Financial effect ofsignificant events. 22
6.3 Financial
Reserves policy
6.4 Investment
performance
6.5 Fundraising
compliance.
6.6 Complaints.
6.7 General
Data Protection
Regulations. .
7.
Governance
and Management
8.
References and Administrative
Details. ....		 25
9.
Statutory
Information
10.
Statement ofTrustees'
Responsibilities		 ..... 27
11.
Auditors
report		 28
12.
Financial statements. .....		 31

rustees
Debbie Beaton
Jake Bharier
Will Bullough Vice Chair to 03.03.22
Richard Cryer
Pete Ford
Peter Garner
Jim Hardy
Rebecca Hadaway
Brian Hurrell Chair to 03.03.22
Alison McLean Chair from 03,03.2022
Stuart McMaster
Matt Williams Vice Chair from 03.03.2022
Company Secretary vacant
Chief Executive Helen Stace
Senior Staff
Finance Manager: Amanda Eckley
Head ofConservation: Andrew Nixon

31.3.22 31.3.21
Unrestricted Restricted Tota! Total
funds funds funds funds
as restated
Notes E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 300,674 361,574 662,248 782,130
Charitable
activities
Landscapes 97,384 318,428 415,812 413,306
Queenswood site 19,999 19,999 (28)
Engagement 131,499 131,499 321,095
Other trading activities 173,203 11,127 184,330 58,623
Investment
income		 6,913 6,913 7,809
Other income 1,166 1,166 4,220
Income relating to joint ventures 165,479 165,479 161,308
Total 579,340 1,008,106 1,587,446 1,748,463
EXPENDITURE ON
Raising funds 326,451 4,793 331,244 206,?68
Charitable
activities
Landscapes 231,268 397,578 628,846 576,322
Queenswood site 26,025 26,025 41,818
Engagement 212,923 212,923 363,972
Expenditure relating to joint ventures 213,856 213,856 83,944
Total 557,719 855,175 1,412,894 1,272,824
Net gains on investments 8,504 8,504 61,621
NET INCOME 30,125 152,931 183,056 537,260
Transfers between funds (456) 456
Net movement
in		 funds 29,669 153,387 183,056 537,260
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported 465,668 3,770,109 4,235,777 3,668,101
Prior year adjustment 13 (13,212) (17,204) (30,416)
As restated 452,456 3,752,905 4,205,361 3,668,101
TOTAL FUNDS CARRIED FORWARD 482,125 3,906,292 4,388,417 4,205,361
Balance Sheet
31March 2022
31.3.22 31.3.21
as restated
Notes f
FIXEDASSETS
Tangible assets 14 3,345,963 3,262,261
Investments 15 242,269 251,210
3,588,232 3,513,471
CURRENT ASSETS
Stocks 16 28,352 18,735
Debtors 17 164,143 161,852
Cash at bank and in hand 832,119 610,662
1,024,614 791,249
CREDITORS
Amounts
falling due within one year		 (149,264) {65,217)
NET CURRENT ASSETS 875,350 726,032
TOTAL ASSETS LESSCURRENT LIABILITIES 4,463,582 4,239,503
CREDITORS
Amounts
falling due after more than one year		 19 (34,142)
PROVISIONS FOR LIABILITIES {75,165)
NET ASSETS 4,388,417 4,205,361
FUNDS
Unrestricted
funds:
General fund 482,319 447,456
Designated
Funds		 5,000
482,319 452,456
Restricted funds:
Restricted 3,906,098 3,752,905
TOTAL FUNDS 4,388,417 4,205,361
Cash Flow Statement
for the Year Ended 31March 2022
31.3.22 31.3.21
as
restated
Notes f
Cash flows from operating activities
Cash generated
from operations		 326,648 439,724
Net cash provided
by operating
activities		 326,648 439,724
Cash flows from investing activities
Purchase oftangible fixed assets (122,636) (321,691)
Purchase offixed asset investments (8,013) (33,012)
Sale oftangible fixed assets 1,500
Sale offixed asset investments 25,458 34,316
Net cash used in investing activities (105,191) (318,887)
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		 221,457 154,979
Cash and cash equivalents at the beginning
ofthe reporting
period		 610,662 455,683
Cash and cash equivalents at the end of the
reporting
period		 832,119 610,662

31.3.22 31.3.21
as
restated
E
Net income for the reporting period (as per the Statement of Financial
Activities) 183,056 537,260
Adjustments
for:
Depreciation
charges		 38,932 47,576
Gain on investments (8,504) (61,621)
Profit on disposal of fixed assets (1,500)
(Increase)/decrease in stocks (9,617) 4,205
Increase
in debtors		 (2,291) (100,010)
Increase
in creditors		 125,072 13,814
Net cash provided by operations 326,648 439,724
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
E E E
Net cash
Cash at bank and in hand 610,662 221,457 832,119
610,662 221,457 832,119
Debt
Debts falling due after 1 year (34,142) 34,142
(34,142) 34,142
Total 576,520 255,599 832,119

DONATIONS
AND LEGACIES
31.3.22 31.3.21
as
restated
Unrestricted Restricted Total Total
funds funds fu nels funds
f f f f
Donations 62,537 346,948 409,485 309,517
Gift aid 35,197 14,626 49,823 58,784
Legacies 10,899 10,899 108,148
Grants 11,423 11,423 146,139
Membership 180,618 180,618 159,542
3OO,674 361,574 662,248 782,130

OTHER TRADING ACTIVITIES
31.3.22 31.3.21
as
restated
Unrestricted Restricted Total Total
funds funcls funds funds
E E E E
Fundraising 4,540 6,037 10,577 1,505
Shop sales 128,880 128,880 38,775
Orchard Origins sales 3,684 5,090 8,774 19,269
Timber sales 36,099 36,099 (926)
173,203 11,127 184,330 58,623

INVESTMEN T INCOME
31.3.22 31.3.21
as
restated
Unrestricted Restricted Total Total
funds funcls funds funds
E E E E
Investment Income 6,913 6,913 7,809
31.03.21 —E7,809 Unrestricted, ENil Restricted
INCOME FROM CHARITABLE ACTIVITIES
31.3.22 31.3.21
as
restated
Queenswood Total Total
Landscapes site Engagement activities activities
E E E E E
Project grants and
sponsorship 415,812 19,999 131,499 567,310 733,973
Queenswood site income 400
415,812 19,999 131,499 567,310 734,373

Raising dona tions
and		 legacies
31.3.22 31.3.21
as
restated
Unrestricted Restricted Total Total
fUncis funds funds funds
f f f f
Staff costs 18,1S5 18,155 42,216
Fundraising, marketing and appeal costs 101,908 4,793 106,701 51,608
Support costs 74,231 74,231 36,341
194,294 4,793 199,087 130,165

31.3.22
as
restated
Unrestncted Restricted Total Total
funds funds funds funds
f f f f
Purchases 38,451 38,451 14,626
Staff costs 38,057 38,057 23,461
Ledbury shop expenses 25,009 25,009 21,007
Queenswood shop expenses 3,351 3,351 2,915
Support costs 25,314 25,314 13,647
130,182 130,182 75,656
Investment management costs
31.3.22 31.3.21
as
restated
Unrestricted Restricted Total Total
funds funds funds funds
f f f f
Investment management costs 1,975 1,975 947
31.03.21-f197,190Unrestricted, f9,578 Restricted
Aggregate amounts 326,451 4,793 331,244 206,768

CHARITABLE ACTIVITIES COSTS
Support
Direct costs {see
Costs note 8) Totals
E E E
Landscapes 506,766 122,080 628,846
Queenswood site 26,025 26,025
Engagement 189,790 23.133 212,923
722,581 145,213 867,794

Management
E
Raising donations and legacies 74,231
Other trading activities 25,314
Landscapes 122,080
Engagement 23,133
244,758
Raising Charitable
Funds Activities 31.3.22 31.3.21
E E E E
Staff wages costs 99,544 37,775 137,319 128,459
Office and other costs 103,971 103,971 99,930
Governance, legal and prof. 3,468 3,468 3,242
99,544 145,214 244,758 231,631

31.3.22 31.3.21
as
restated
E E
Depreciation
-		 owned assets 38,934 47,576
Surplus on disposal offixed assets (1,500)
Auditors
-audit		 fee 8,700 8,440
Pension charge 19,161 26,368
Operating
leases		 16,130 14,830
Gains/(losses) on investments 8,504 61,621

STAFF COSTS
31.3.22 31.3.21
as
restated
f f
Wages and salaries 483,372 497,799
Social security costs 40,449 37,807
Other pension costs 14,835 23,728
538,656 559,334

31.3.22 31.3.21
as
restated
Average Employees 40
No employees received emoluments in excess off60,000.
COMPARATIVES
FOR THE CHARITY STATEMENT OF FINANCIAL		 ACTIVITIES
Unrestricted Restricted Total
funcls funds funds
as restated
f
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 367,730 414,400 782,130
Charitable
activities
Landscapes 119,585 293,721 413,306
Queenswood site (28) {28)
Engagement 321,095 321,095
Other trading activities 48,749 9,874 58,623
Investment
income		 7,809 7,809
Other income 4,220 4,220
Income relating tojoint ventures 161,308 161,308
Total 548,093 1,200,370 1,748,463
EXPENDITURE ON
Raising funds 197,190 9,578 206,768
for th e Year Ended 31March 2022 e Year Ended 31March 2022 e Year Ended 31March 2022 e Year Ended 31March 2022
12. COMPARATIVES
FOR THE CHARITY STATEMENT OF FINANCIAL ACTIVITIES		 - continued
Unrestricted Restricted Total
funds funds funds
as restated
E
Charitable
activities
Landscapes 166,366 409,956 576,322
Queenswood
site		 41,818 41,818
Engagement 60,941 303,031 363,972
Expenditure
relating		 tojoint ventures 83,944 83,944
Total 424,497 848,327 1,272,824
Net gains on investments 61,621 61,621
NET INCOME 185,217 352,043 537,260
Transfers between funds (45,680) 45,680
Net movement
in		 funds 139,537 397,723 537,260
RECONCILIATION OF FUNDS
Total funds brought forward 312,919 3,355,182 3,668,101
TOTAL FUNDS CARRIED FORWARD 452,456 3,752,905 4,205,361

TANGIBLE FIXEDASSETS
Improvement
Freehold Short Long to
property
E		 leasehold
f		 leasehold
E		 property
E
COST
At 1April 2021 2,060,071 4,750 851,992 375,957
Additions 118,500 3,412
At 31March 2022 2,178,571 4,750 851,992 379,369
DEPRECIATION
At 1April 2021 4,750 85,200
Charge for year 17,040
At 31March 2022 4,750 102,240
NET BOOK VALUE
At 31March 2022 2,178,571 749,752 379,369
At 31March 2021 2,060,071 766,792 375,957
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
E f f E E
COST
At 1April 2021 87,670 61,717 84,490 52,903 3,579,550
Additions 724 122,636
At 31March 2022 87,670 62,441 52,903 3,702,186
DEPRECIATION
At 1April 2021 66,194 38,561 69,947 52,637 317,289
Charge for year 7,635 8,628 5,631 38,934
At 31March 2022 73,829 47,189 ?5,578 52,637 356,223
NET BOOK VALUE
At 31March 2022 13,841 15,252 8,912 266 3,345,963
At 31March 2021 21,476 23,156 14,543 266 3,262,261

FIXEDASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
f f f
MARKET VALUE
At 1April 2021 55 251,155 251,210
Additions 8,013 8,013
Disposals (24,850) (24,850)
Revaluations 7,896 7,896
At 31March 2022 55 242,214 242,269
NET BOOK VALUE
At 31March 2022 242,214 242,269
At 31March 2021 55 251,155 251,210
Listed investments 31.3.21 31.3.20
f
UK Fixed interest securities 39,199 38,135
UK Equities and equity funds 71,336 49,912
Overseas equity funds 140,620 102,691
251,155 190,738
Cost or va lua tion
at 31March 2022 is repr		 esented
by:
Shares in
group Listed
undertakings
f		 investments
f		 Totals
f
Valuation in 2022 242,214 242,214
Cost 55
55 242,214 242,269

Nature of bu siness: Conservation
0/
Class ofshare: holding
Ordinary 55
31.3.22 31.3.21
f E
Aggregate capital and reserves (20,366) 37,176
(Loss)/profit for the year (57,542) 59,279

16. STOCKS
31.3.22 31.3.21
as
restated
E E
Finished goods 28,352 18,735
17. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as
restated
E E
Trade debtors 41,707 51,303
Other debtors 35,938 20,398
Accrued income 76,916 85,000
Prepayments 9,582 5,151
164,143 161,852
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as
restated
E E
Trade creditors 84,611 21,629
Amounts owed to JV participating interests 44,835 30,416
Social security and other taxes 10,295 274
VAT 5,254 5,464
Other creditors 2,336 1,500
Deferred income 1,736 5,000
Accrued expenses 197 934
149,264 65,21?

Deferred income
31.3.22
E
Deferred income at 1April 2021 5,000
Resources deferred
in the		 year 1,736
Amounts released from previous year (5,000)
1,736
Deferred income for the year ended 31March 2021relates to grant funding.
19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
as
restated
Other loans (see note 20) 34,142
20. LOANS
An analysis ofthe maturity of loans is given below:
31.3.22 31,3.21
as
restated
E
Amounts falling due between two and five years:
Other loans - 2-5 years 34,142

31.3.22 31.3.21
as
restated
E E
Within one year 8,857 14,091
Between one and five years 8,857
8,857 22,948

31.3,22 31.3.21
as
restated
E E
75,165
23. ANALYSIS O F NET ASSETS B ETWEEN FUNDS
31.3.22 31.3.21
as
restated
Unrestricted Restricted Total Total
funds funds funds funds
E E E E
Fixed assets 978 3,344,985 3,345,963 3,262,261
Investments 242,214 55 242,269 251,210
Current assets 343,362 681,252 1,024,614 ?91,249
Current
liabilities		 (104,429) (44,835) (149,264) (65,217)
Long term liabilities (34,142)
Provision for liabilities (75,165) {75,165)
482,125 3,906,292 4,388,417 4,205,361
24. MOVEMENT IN FUNDS
Prior Net Tl'ansfers
year movement between
At 1.4.21 adjustment in funds funds 31.3.22
E E E E
Unrestricted funds
General fund 460,668 (13,212) 30,485 4,184 482,125
Designated Funds 5,000 {360) {4,640)
465,668 (13,212) 30,125 {456) 482,319
Restricted funds
Restricted 3,770,109 (17,204) 152,931 456 3,906,292
TOTAL FUNDS 4,235,777 (30,416) 183,056 4,388,417

Net movement Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses lA fUAdS
f f f f
Unrestricted funds
General fund 579,340 (557,359} 8,504 30,485
Designated Funds (360) (360}
579,340 (557,719) 8,504 30,125
Restricted funds
Restricted 1,008,106 (855,1?5) 152,931
TOTAL FUNDS 1,58?,446 (1,412,894} 8,504 183,056
Net Transfers
movement between At
At 1.4.20 lA fUACIS funds 31.3.21
f f f
Unrestricted funds
General fund 307,919 185,217 (45,680) 447,456
Designated Funds 5,000 5,000
312,919 185,217 (45,680} 452,456
Restricted funds
Restricted 3,355,182 352,043 45,680 3,752,905
TOTAL FUNDS 3,668,101 537,260 4,205,361
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses IA fUACIS
f f f f
Unrestricted funds
General fund 548„093 (424,497) 61,621 185,217
Restricted funds
Restricted 1,200,370 (848,327) 352,043
TOTAL FUNDS 1,748,463 (1,272,824) 61,621 537,260

Gains /Losses Gains /Losses
Opening Incoming Outgoing and Closing
Restricted
Funds		 Balance Resources Resources transfers Balance
Fixed Assets
Core 15,493 {5,698) 9,795
Marketing 1,774 (710) 1,064
Nature Reserves (b) 2,066,209 (239} 122,592 2,188,562
Orchard
Origins		 1,769 (705) 1,064
Play Rangers Office 2,543 (1,579) 964
Queenswood 26,632 (10,925) 15,707
QW shop 1,232 (308) 924
Queenswood
and
Bodenham
lake		 (e) 766,792 (17,040) 749,752
Tretawdy
farm		 375,957 375,957
Wildplay 1,774 {578) 1,197
3,260,175 (37,782) 122,592 3,344,985
Net Current Assets
Building Better
Opportunities (7,648) 17,471 {17,064) (7,241)
Carbon Reduction Fund 3,575 10,000 {3,953) 9,622
Children
in Need		 (3,360} 10,000 {14,881) (8,241)
Delivering the nutrient (143,486) 503 (744} (103,746)
ice Age Pond {32,611) 92,233 (124,367) (64,745)
Lower House Farm (a) 47,994 (5,846) 42,148
Lugg
Living		 Landscapes
Projects {d) 67,923 65,718 (50,802) (50,091} 32,748
Mgmt and Upkeep of
Nature
Reserves		 259,302 304,096 (89,876} (24,349) 449,173
Nature
Nurture		 Nourish 71,511 92,183 (154,841) (49) 8,804
Network 4 Nature 35,216 (46,084) (10,868)
HWT's share of
Queenswood
reserves		 37,175 165,479 (223,021) (20,366)
The Goggin 85,000 (194) (84,806)
Tretawdy
Reserve		 71,693 {5,584) 66,109
Weobley Wildlife 53,968 (5,482) 48,486
Wilder Herefordshire 134,750 (37,525) 97,225
Wildplay
Rangers		 21,940 16,157 {21,841) (2,148) 14,108
Individual
funds		 less than
E5,000 13,722 10,332 (15,288) (674) 8,090
492,730 1,008,106 (817,393) (122,136) 561,307
Total Restricted Funds 3,752,905 1,008,106 (855,175) 456 3,906,262

Opening Incoming Outgoing Gains and Closing
Balance Resources Resources Transfers Balance
Fixed assets 2,086 (1,152) 44 978
Current assets 445,370 579,340 (556,207) 12,644 481,147
Total Unrestricted Funds 447,456 579,340 {557,359) 12,688 482,125
Designated
Bird donation 5,000 (360) (4,640)
5,000
Unrestricted and
Designated Funds 452,456 579,340 (557,719) 8,048 482,125
Total Funds Charity 4,205,361 1,587,446 (1,412,894) 8,504 4,388,417

Hectares
Birches Farm 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 Vallet Wood 3.4.
Clifford Common 3A
Common
Hill		 1.6
Coughton
Marsh		 1.2
Court Wood 2.4
Crow Wood 8 Meadow 9.4
Davies Meadow
Ernie Gilbert Meadow 1.9
The Goggin
Hampton
Meadow		 24.5
Hampton
Park Road		 0.8
Holywell
Dingle		 3.6
King Arthur's
Cave		 1.5
Lea 8 Pagets 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
Lower Wood 1.0
Lugg Meadows 62.8
Merrivale
Wood		 5.1
Miners Rest 3.1
Motlins Hole 6.0
Norton Orchard
Nupend
Wood		 4.9
Oak Tree Farm 12.6
Pages Pasture 3.3
Parish Field
The Parks
Parky Meadow 8.8
Pentaloe Glen 0.6
Pool Ellocks OA
Quebb Corner Meadow 1A
Queenswood
Country		 Park 68.8
Romers Wood 12.2
Rookhill Coppice 0.5
Rudge End Quarry OA4
Stockings Meadow 4.0
The Sturts 47.3
Titley Pool
Tretawdy 11.0
Upper Swingley Wood 0.8
Upper Welson Marsh 0.8
Weobley Wildlife Meadow 1.26
Wern Wood
Wessington
Pasture		 11,3
White Rocks 0.9
Woodside 6.2
Wyevale Wood