Derbyshire ildli:f.e )r.'_ ¥¥ fr, ,jiiildli/c, Derbyshi're 'AABUTL8Q" 2eio8Q.(1?1 COMPANIES HOUSE Al1 #50 TRUSTS Charity 222212 Company 0715675 Raising support Here's a quick summary of our income and expenditure for the year ending 31 March 2021 Investment Income £9k INCOME 2020-21 Grants Contracts Membership Donations & Legacies Fund Generating Activities Investment Income Other Income £1,128,000 £354.000 £471.000 £473.000 £63.000 £9,000 £400.000 Fund Generating Activities Donations & Legaaes £473k Membership £4 Contracts Total £2,898.000 Nature Reserves £4Mk FundraI￿g and Supporter Care EXPENDITURE 2020-21 Fundraising & Supporter Care £482.000 Retail Operations £340.000 Wildlrfe Sites £1.014.000 Operdtions Inspiring People £179.000 Nature Reserves £414.000 nspiring People *J79k Total £2.429.000 Wildlife Sites £1.014k side ofour natu￿ reserves*thve*tare wovking to ￿[G￿n￿£t natwe. You can find more detail in our Financial Statements on pages 48 - 81. CONTENTS 6-7 Our Highlights Trustees. Report 10- 11 A message from our Chair and Chief Executive 12-13 Our focus 14- 33 Our achievements and performance 3& 35 Financial review Govemance 3& 37 Purpose and Charitable Objectives 38- 39 Structure, Governance and Management 40- 41 Fundraising Standards Financials 44- 47 Independent auditorfs report 48 Consolidated statement of financial activities 49- 50 Consolidated balance sheet 53 Consolidated statement of cash flows 54- 81 Notes to the tinancial statements 82 Trustee Directory 4) Derbyshire WildlifeTrust in Brief We're a small charity. with big ideas. Uniquely positioned to lead change in Derbyshire. being bold. grassroots-oriented and local, whilst also being part of a strong. cohesive movement with The Wildlife Trusts. Right now. we're in the middle of a climate and nature crisis. Wildlife continues to rapidly decline despite our best efforts and there is a growing disconnect between people and nature. We're here to change that. To reconnect- landscapes and people. Our goal is to see 33Yo of Derbyshire managed for wildlife by 2030. This is the least nature needs to start to recover. The next five years are critical. e now llive one of the (• most nature d@plleted places on the pllanet. Nature entll needs our hellp to reco and llt can be done." rrtq)&v,ll,d Nature Recovery Networf( Film, 201 in partnership with Cam aign Fil -4¥ JTt SY I.￿-l.11j.kn.; Our Highlights April 2020 4 Bringing back beavers Beavers are set to be reintroduced to Derbyshire after more than 800 years thanks to funding from Severn Trent Water and Biffa Award. as well as huge response to our fundraising campaign. which saw hundreds ol people backing the beavers. Creation of the beaver habitat is well underway and the beavers are set to arrive autumn 20211 David Parkv May 2020 Spring 2020 Getwild at Home sees thousands discover their wild side During the COVID-19 Lockdown we launched the first Get Wild at Home. Trust announces flagship rewilding site Thornhill Carrs is almost ready to be used as a demonstration hub to inspire others to rewild their land. IVS a pretty special place- a 30-hectare area of former farmland. rare within The Peak District National Park for its unmanaged wildness. A mixture of woodland. scrub and wildflower meadows. it's a stunning example of rewilding at its best. Over participants stayed nature- connected through wildlife themed webinars. Q&As and daily wild content based around the wellbeing benefits of spending more time in nature. 5.400 (O Sam Aosp. Re.wilding Britalil July 2020 4 Spectacular visitor settles for summer A bearded vulture calls The Peak District home for summer. Not a bird you'd usually associate with Derbyshire. it came as quite a surprise and only the second time one ever visited the UK. With an impressive wingspan of over 2.8 metres the bird inspired everyone. young and old. and kickstarted conversation around what a Wilder Peak could look like. Indy Greene Autumn 2020 December 2020 Green Social Prescribing funding boost for Derbyshire mental health We're part of just seven 'test and learn, sites for Green Social Prescribing in England. Since Derbyshire was nominated. we've been working with partners to bring together a programme that will improve people's health and wellbeing with nature- based activities. New £5 million project to tackle ash dieback LIFE in the Ravines project launched with the aim of restoring woodlands across The Peak District that are being ravaged by ash dieback. The project includes drones to check tree canopies, experimental drones to plant trees and national partnerships. March 2021 National lead on latest stage of badger cull campaigning We rallied over people in just 14 days to respond to a government consultation and ask for an end of badger cull licences immediately. Our expertise in this area meant that we led the campaign nationally on behalf of The Wildlife Trusts. 39.000 • Jon Hawkins Sur¥ev Hill8 Photographv Trustees. report For the year ended 31 March 2021 The Truslees present their Annual Report together with the audited financial statements of the Trust for the 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees. Report and a Directors. Report under company law. The Trustees confirm that the Annual Report and financial ststements of the charitable company comply with the current slatutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) leffective 1 January 20191. Since the group and the Trust qualify as small under section 383 0* the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. A message from our Chair and Chief Executive Chair Sue Mayer Chief Executive Jo Smith Swift action combined with active support and understanding from our staff team, volunteers and funders allowed us to quickly deal with the immediate impacts of the pandemic and enabled us to adapt to an ever- changing external environment. As a result. we are very pleased to end a difficult and challenging year in a stronger and more resilient place. Now the worst of the pandemic is hopefvlly over, it is time to ensure that the natural world is We are especially pleased to be central to a leading on one of seven national pilot green DEFRA social prescribing projects, recovery from looking at how to use nature to the crisis. improve happiness and wellbeing. with healthy communities and Looking forward. there are exciting a more resilient opportunities presented by changes in and sustainable UK legislation and at the delayed 26th economic approach Conference of the Parties, due to b8 at its heart. held in the UK in November 2021. There were few benefits to the unprecedented lockdown, but many more people connecting with nature was certainly one of them. We were excited to be able to quickly develop and run a series of virtual events which engaged and inspired thousands. As we return to a more familiar way of life we are now at a pivotal moment, and it's more important than ever before to connect more people to wildlife, to work closely with others across the conservation sector and beyond, and to mobilise people to act to ensure nature is not forgotten as we look for solutions. We are therefore delighted to be involved in many new and exciting partnership initiatives to create and connect habitats and communities. 10 Chair Sue Mayer The world has changed dramatically over the past 18 months. The global pandemic has affected all of our lives. sometimes with tragic consequences. •• We must use these opportunities to Thank you for your put wildlife and the planet first, both support and for playing locally and globally. We must restore an important part in nature's and reconnect our natural resources, recovery. investing in win-win natural climate solutions such as protecting the UK'S vast peatland stores and enabling more tree cover. Please also look out for other ways you can help to shape a greener world. Not just for the sake of our wildlife, but for a thriving and healthy planet. Thank you, Dr Sue Mayer and Dr Jo Smith Our nature reserves remain essential to achieving this vision. They enable us to showcase best practice, they allow us to safeguard and connect existing species and habitats and they bring people closer to nature. As always, our work requires funding. Our income streams are increasingly varied, which helps to ensure a level of stability enabling us to commit to long-term work programmes. Without grants from institutional bodies, amazing corporate partnerships, generous philanthropic donations, gifts left to us in Wills and people buying from our charity shops and cafés. we wouldn't be able to do our work. We are also grateful to have more members than ever before. Chief Executive Jo Smith fl o èpJf s Our focus We're in a time of crisis: a nature crisis- a climate crisis.wildlife continues to rapidly decline despite our best efforts and there is a growing disconnect between people and nature. Right now, we are in the middle of another crisis- COVID-19.We need to ensure that out of this pandemic comes a new normal, a green recovery- one that sees nature thrive alongside our economy. Business as usual is not an option.The next five years are critical. We are uniquely a movement of people We will ensure our staff, positioned to lead change who will collaboratively supporters and volunteers in Derbyshire, being bold. create a Wilder Derbyshire. are motivated, rewarded grassroots-oriented and and have the right skills. local whilst also being Our goal is that by 2030: part of a strong, cohesive 330/0 of Derbyshire will be We will encourage an agile movement. Over the last managed for wildlife and ambitious culture and five years we've doubled There will be at least 1 enhance opportunities in size and substantially million wild connections to enable us to be ever increased our influence each year more diverse, relevant and and impact - but we need 1 in 4 people will act for resilient. to do so much more. wildlife We will demonstrate Our core purpose is to The Trust will be carbon leadership by substantially lead nature's recovery. We Positive reducing our carbon must be increasingly bold, footprint and ensuring brave and imaginative. To achieve this, we will we are carbon positive But we cannot do this by explore alternative models by 2025 - as well as ourselves. We need to to meel our aims and we empower, support and will take forward detailed encouraging and supporting others to do learn from others and actions linked to four the same. We will work we need to improve our main strategic objectives more closely than ever resilience. outlined below. before with existing and We will: new partners, individuals 1. Lead nature's recovery and communities to 2. Inspire more people to ensure we collectively achieve a Wilder Future. notice and care 3. Mobilise people and communities to act 4. Ensure an agile and influential culture We strongly believe everyone has a role to play. We will work together with communities, local authorities, businesses. landowners and organisations. New and exciting opportunities will be developed to enable everyone to connect with wildlife, and as the connections grow. so will The goals and achievements set out in the following pages show some of the impact and difference we're making. We will run the Trust effectively, setting and measuring performance against targets. Our achievements and performance In this section we outline a selection of our achievements and performance against our objectives for the year ended 31 March 2021.This does not cover the full scope of our work. Visit our website to find out more: www.derbyshirewildlifetrust.org.uk 1* *r. "0urWifii 'tori,Wetlari turelRes Goal 1 33 % of Derbyshire will be managed for wildlife Our natural worfd continues to be in trouble. with wildlife disappearing at an alarming rate and the threat of climate catastrophe a constant wory.That is why we're calling for at least 33Yo of land across Derbyshire to be connected and protected for nature's recovery by 2030. 2020- 2021 Target Key outcomes We have.. 1. Established a baseline of how much of Derbyshire is good for wildlife (less than and habitats and they bring people closer to nature. We secured a grant of £538.000 from the Government's Green Recovery Challenge Fund. putting us in a much stronger position to support a Green Recovery. Work started immediately and has already seen significant improvements for water voles at Woodside Farm as well as new wildlife habitats and a Forest School facility near Buxton. Work also began on the Wild Peak project. Funded by Rewilding Britain. this ambitious project looks at the potential to manage and rewild large areas of land across the Dark Peak. This year Progress we built relationships with local land Our headline goal is that 33Yo of land owners and communities, and started will be managed for wildlife by 2030. In work on a management vision and order to measure our progress between monitoring framework. Once complete now and then. our priority this year was the framework will set the standard to establish a baseline. It shows that less nationally for monitoring changes than 5 /0 of Derbyshire is currently good brought about by rewilding. We will for wildlife. The next step is to work officially launch the project in 2021. with partners to include land that they Further, we ran a successful public manage. and to map Derbyshire's Nature appeal to ensure our flagship rewilding Recovery Network. Achieving this will allow us to see where we need to focus site. Thornhill Carrs, is accessible and our efforts over the next five years. engaging. Thanks to funds raised it is set to become a key site where we can Our nature reserves remain essential to demonstrate the potential for rewildling. achieving this goal. They enable us to showcase best practice. they allow us to safeguard and connect existing species 16 2. Begun work to influence and enable rewilding with our Wild Peak project 3. Successfully bid for grant funding from Grcen Recovery Challenge Fund 4. Made huge gains with beaver reintroduction 5. Begun work to identify existing Nature Based Solutions across Derbyshire Much has been achieved on projects the size of the beaver habitat at which ensure vulnerable local species Willington Wetlands from 20 hectares are in recovery. In the White Peal we to 40 hectares. Beavers are set to call started work on the EU Life funded, LIFE Derbyshire home from autumn 2021. in the Ravines project to protect and enhance ash woodlands. The White Peak Our Living Rivers programme continued has been identified as an area which is as we worked to resolve issues in the being devastated by ash dieback disease. River Amber. Our water vole, otter and The project is hosted by Natural England mink monitoring volunteers were able to and work on the ground will begin in restart their surveys following COVID-19 summer 2021. lockdowns and we continued to improve wetland areas at High Ashes Farm and Wingfield View. A large part of our work over the next five years will be establishing nature- based solutions. They protect, restore or enhance habitats that hold carbon. y doing this. they reduce carbon in the atmosphere and help tackle the biodiversity and climate crises. We're Discussions around birds of prey working to identify areas where we need continued as the webcams were restored to introduce new nature-based solutions. at Derby Cathedral - reconnecting the urban community with their much-loved One of the areas identified as an existing peregrines. We also recruited a Peregrine nature-based solution is the Trent Valley. Protection Trainee thanks to funding Our work here has continued with the through the Green Recovery Challenge Transforming the Trent Valley Project. As Fund - immediately enabling us to stand well as landscape scale improvements firmer on issues around bird of prey across three counties. we continue to persecution and wildlife crime. engage young adults in conservation through a training scheme, and promote Our badger vaccination programme improved mental wellbeing with our continued. despite COVID-19. with just a Connecting with Nature scheme. Both two-month delay, and our advocacy work will run until 2022. helped to establish badger vaccination projects in Cumbria, Scotland. Lancashire and Northamptonshire. Work to reintroduce beavers began. Thanks to a huge response from the public. Severn Trent Water and Biffa Award, we were able to double In July a bearded vufture made its way from the Alps to The Peak District. During its stay we were at the forefront of celebrating this incredible bird. We received national media over many weeks and used it as a platform to highlight what a Wilder Future could look like. 33% OF DERBYSHIRE IS MANAGED FOR WILDLIFE BY 2030 Ha of land we have dlrect infiuenoth￿r z Haof new land being Thi]ded that we have 2030 alm: 7000120-￿ alm: noo l aetuaL" 10401& 4 iDfiueno over NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Analy$ls of •xpendiNr• by adivili•s Total furbds 2021 £000 Toial funds 2020 £cKJo 2021 £000 Wildlife sites 1Jn4 747 Inspiring people 133 179 385 Nature reserves 273 141 414 272 1.249 358 1.607 1.404 Total 2020 1.070 1,404 Analysls of support ¢osts Inspiring P•opl• 2021 Totsi fvnds 2021 £000 Total funds 2020 £000 wI￿r￿* si1•5 Stsff costs 75 75 175 130 Dgpreciation 19 Governan¢e Inote 111 22 15 23 IT ¢osts 15 Office eosts Oih¢r ¢osts 75 171 334 Totjl 20ZO 164 85 85 Support costs are alloeated on the basis of staff numbers DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11. Gov•man¢• costs unre￿￿ethd funds T¢)t•l lunds 2021 Total funds 2020 £000 £000 Auditor's remuneration 13 13 Legal fees Other professional fees 22 40 Total 2020 12. Auditor s remuneration 2021 2020 £000 Fees payable to the Tnjst's auditor for the audit of the Trusvs annual accounts 13 13. Siaff ¢Mts Group Group 2020 CompBny 2021 tooo Comp8nv 2020 Éooo Wages and salaries 1218 1.19d 1218 1,194 Social security costs 93 93 Contribulion to defined contribution panslon sehèmes 97 103 97 la84 1.384 Included within the above are redundancy costs of £4.84212020: £18A841. 65 DERBYSHIRE WILDLIFE TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Staff costs Icontinuedl The averège number of persons employed by the Trust during ihe year was as follows.. Group Group 2020 No. 64 The number of employees whose employ¢e benefits Itx¢lvding vJmploy¢r pension ¢ostsl exceeded 60.000 was: Group 2020 No. GTOUP No. In the band 60.001 - 70.000 In the band 70,001 - 80.C We depend hugely on our volunteers arKI that has continued through the Covid crisis. The number of volunteer hours fell, due to restrictions. to 14,45412020- 48,5421. These volunteers support all aspects of our work. Assuming an average equivalent day of five hours volunteering and a day rate of £50 this equates io an in-kind value to the Trust of £144,54012020- £485.4201. Total employee benefits of fJ13.934 {2020: £199.7131 were paid to the key management personnel in Ihe year. The key management personnel are the senior management ieam. 14. TN$te89' rnmun•Ation and •xp•n During the year. no Trustees ￿e1Ved any remuneraiion or other benefits12020- NILI. During the year ended 31 March 2021. expenses totalling £394 were ￿1Mb￿r$ed or paid directly to one Trustee. 12020.. £236 to one Trusteel. The expenses were for reimbursement of travel costs. 66 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Tangible fixed assets Growl •nd Companv leasehold Motor FIxtsr￿ ¥rMI hid•s ffttings £000 Other ffixed Total £000 £000 Cost or v¥lu￿10￿ Ai 1 April 2020 173 656 Additions 15 28 Disposals 1581 At 31 March 2021 401 115 223 D•pMeiation Ai l April 2020 134 144 88 70 436 Charge for th8 year 71 On disposals 1581 1581 At 31 March 2021 141 136 78 Net book v•luo Ai 31 March 2021 21 21 Ai 31 March 2020 254 108 420 67 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Herits9e assets Group andTNgt A$$ets recognlsed at eost H¢rTtagg asstrts 2021 £000 Carrying value gt 1 April 2020 1.339 1.339 The Trust'$ nature reserrfes are held to advance the ¢onservaiion objectives of the charity and therefore are recognised as heritage assets. Such assets are central to the achievements of the Trust. Purchased heritage asseis are included in the Balance Sheei at Co￿. Donated assets are only included in the Balance Sheet where a reliable valuation can be obtained at the date of donaiion. The following nature reserves have been purchased or donated throughout the life of ihe Trust: Barton Pool Gang Mine Ipartl North Win9figld Broadhurst Edge Wood Hartington Meadows Ipartl Overdale Carr Vale Hillbridge and Park Woods Ipartl Priesicliffe Lees SSSI Cheg Dale SSSI Hilton Gravel Pits SSSI Risley Glebe Ipartl Cramside Wood SSSI Ladybowor Wood SSSI Rose End Meadows Deepdale and Topley Pike SSSI Lea Wood Willington Gravel Pit5 Duekmanton Railway Cutting SSSI Long Clough Woodside Erewash Mgadows Morley Brictyards SSSI In addition. the followng are being leased or renied at a nominal rental: The Avenue Washlands Hadfields Quarry Brockholes Woods SSSI Hartington Meadows Ipart} Carvers Rocks SSSI Hillbridge and Park Woods Ipartl Cromford Canal LNRISSSI Hollinhill and Markland Grips Drakelow Holly Wood Gang Ming Ipartl Hopion Quarry SSSI Golden 8rook Storage Lagoon Lock Lane Ash rip Mapperley Wood Millers Dale Quarry SSSI Oakerthorpe LNR Risley Glebe Ipartl Rowsley Sidlings Spring Wood SSSI Watford Lodge LNR Witches Oak Water Wyver Lane Public access to the sites is generally unrestricted subject to health and safety, temporary operational or other restrictions such as within leases or conveyance documents. DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Hgritage assets l¢onlinu•dl Analysi$ of heritag• ass•t tranuctlons Group and comp•nv 2021 2019 00 2018 £OOD 2017 £000 Purchasgs Heritage ass$t$- 4t cost Toial additions Disposals Heritage ass•ts- at cost Total disposals 17. Fixed as¥et inv•stm•nts Listed investments £oTrJ Group Cast or v•luatioTh At l April 2020 431 Additions Disposals 1751 ReValu￿10ns 79 At 31 Ma￿h 2021 518 Not book value At 31 March 2021 518 At 31 March 2020 431 69 DERBYSHIRE WILDLIFE TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Fixed asset investm•nts l¢onlinued) bskliary ¢ompanles Llsted Investments Total £000 Twst Cost or valuation 461 At l April 2020 B3 Additions (751 1751 Rgvaluations 79 79 At 31 March 2021 30 518 Net book valu• At 31 March 2021 30 518 At 31 March 2020 30 431 461 Princlpal subsidiarle$ The following was a subsidiary undertaking of the Trust: Nam• Company R•gistmd olfi¢e •r Class of shar•s prindpal pla¢• ol bu5ine55 Holdlng Derbyshire Wildlife Resources 02262893 As parent ordinary 100% The financial results of the subsidiary for the year were- Name N•t assets Derbyshir• Wildlife Resources 28 70 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Group 2021 Group 2020 £000 Comp•ry Companv 2021 £000 Finished good$ and goods.for resale 28 28 19. Debtor$ Gro Comp• 2021 Company 2021 2020 Trade debtors 161 161 Oth¢r debtors 313 313 Prèp8ym8nts and accruèd income 61 34 61 410 470 470 cr￿ltOrs. Amounts falling due within one ￿ar Gvoup Group 2020 Comwrry 2021 £000 Company 2021 £000 £OOD Trad8 creditors 164 150 164 150 Amounts owed to group undèrtakings 28 Chher taxation and social security 29 Other creditors 17 17 Accruals and deferred income 29 225 2S3 71 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21, Creditors: Amounts falllng due after morn than one year Gmup 2021 Group 2020 Compjny 2021 £000 Company 2021 £000 D¢fined benefit pension deficit liability 36 36 In prior years ihe Trust contributed io a Growth Plan available through the Pensions Trust for previous chief executives. Underthe terms ofthe Pensions Trust scheme. where an employer withdraws from the Pension Trust, a lump sum contribution to the overall scheme deficit becomes due. As at 31 March 2021, the Trust's lump sum would amount to approximately £36k. This has been provided for in the accounts. The toial pension charge relating to this scheme 1$ nil12020: £nill. 72 DERBYSHIRE WILDLIFE TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Statem•nt of funds Statement of fundy Balaft¢e at 1 April 2020 Galnsl B•lance Ot 31 (Losses) March 2021 £OOD £000 Inlout £000 Unr•sbl¢t•d lu• All general funds 1J41 79 Pension reserve 700 935 Restrictrd fvnds Nature ieseTh¢ assèt B8d9er Edge Vaeeination scheme 25 Longdendale Trail Restoration Working for N•￿T& 11171 River Amber Catchment Project 173 Badger Vaccination DV Peak Shopping Villag• 13 13 Green Recovery Challenge fund 135 Willington Wetlands 16 79 Aqueduct Cottage & Lea Wood Gateway Clear amber 15 1271 12 Other restrithed funds 337 1.726 957 Tot•1 of lunds 2A26 12.4291 2.979 73 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Statement of fvnds Stal•ment ol funds - p￿Or year Balance at l Awil 2019 Transfers Inlo £000 Galnsl ￿laTr¢e tht 31 ILosse51 MoTch 2020 £000 Unrnslri¢t*d lunds All general fvnds 1J10 12J1541 Pension reserve 156 11431 726 lJ10 12m91 61 700 Reslriet•d fwK15 Nature reseThe asset Badger Edge Vaccinaiion scheme 1471 Longdendale Trail Restoration 30 Working for Naiure 11611 River Amber Catchmeni Project 197 174 Badger Vaccinaiion DW 36 Avenue Washlands Reserve Peak Shopping Villagg 1121 13 Aqueduct Cottagt & Lea Wood Gateway 1261 Cleaf amber Other restricted funds 197 99 513 1.726 Total otfvnd 1472 61 74 DERBYSHIRE WILDLIFE TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Statement of funds Icontinugdl Restricted Funds Badger Edge Vaccination Scheme: Working across Derbyshire with the National Trust. farmers. landowners and volunteers to ensure our badgers remain bovine TB free. Longdendale Trail Restoration: A project to restore and enhance grassland habitats along ihe Longdendale Trail and provide advice and assistance on managemenl of the Trail to United Utilities. Working For Nature- A seheme to train 24 trainees across 4 years. from hard to reach backgrounds. to achieve a Level 2 Diplorna in Environmenlal Conservation and provide employability skills. River Amber Catchment Project: Working to reduce diffuse agricultural pollution currently resulting in high phosphate levels across the Amber c￿Chment due to the amount of sediment entering the watercourses. Badger Vaccination Dwf.. This project receives funds from public donations to help vaccinate badgers and ensure that as many badgers as possible across Derbyshire are bovine TB free. Avenue Washlands Reserve: A project to provide conservation management ai the Avenue Washlands Nature Reserve. Whistlestop.. A project to renovale and convert the old ticket office at Matlock Bath stalion. Peak Shopping Village.. Five-year project to create and manage a new nature reserve at the site. including people engagement aGtivilies. Aqueduci Conage & Lea Wood: As a DerwenThvise legacy project. we staned the resioraiion of this . historic building on our Lea Wood nature reserve. This reserve is a key gateway site in the Derwent Valley and we continue to raise funds. working in partnership with oihers, to restore the building to become an interpretation centre. as V￿11 as improving interpretation throughout the area. Clear Amber. Severn Trent via the Environment Agency have fvnded this project to improve waier quality in the Amber catchment, predominantly by working with farmers to reduce diffuse agricultural pollution. It also supports our role as the Derbyshire Derweni catchment partnership host. Willington Wetlands.. a programme lo develop the site as key gateway site in the Trent Valley. It is made up of various projects. including the beaver reintroduction project and access improvements. Green Recovery Challenge Fund: funded by Defra. through the National Lottery Heritage Fund. It is undertaking a series of projects across the eounty to deliver natu￿.$ recovery, as well as irnproving internal processes. developing a pipeline of projects and de-catbonising. where possible, land management. 75 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis ￿ n•t assets b*tw••n funds Analysis ol n•t assèts betw•en lunds. euThont yknr 2021 £000 Totsl Funds £000 Tangibl• fixed as$ets Fixed #ss8t investments 518 518 leritsg• ossets IA38 1239 Curr8nt assets 706 Creditors due within one year 12521 12521 Crediiws due in more ihan one year 1361 1361 Provisions for liabilities and ¢har9es Tot*1 2,979 Analysis of net osyts betw••n funds- prior year VnRstii¢ted lunds 2D20 £000 Tot•1 Fuftds £000 Tangible fixed assets 420 420 Fixed assèt investments 431 431 Heritagè a$$$t$ 1.338 1J39 Curr&nt assots 216 388 Creditors due within one year 12251 12251 Crediiofs due in more ihan one year 1361 1361 Provisions for liabilities and charges 11071 11071 Total 1.726 2.426 76 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 24. Re¢onciliation ol n•t movement in fund5 to not ush flow from op•rnting a¢tlvitie$ Group 2020 £000 2021 £000 Net incomelexpendTrlure for the year las per Siaiement of Financial Adivitiesl 12021 Adlustm•thts lor: Depreciation charges 71 78 (Lossesvgains on invesiments 1791 95 Dividends. interests and ienis from investments 1861 IProliiVloss on the sale of fixed assets De¢r&aso in 3to¢ks Iln¢reaselldecrease in debtors 1321 Increa$8 in creditors 65 Defined benefit pension adjustments 1251 N•t cash pmvided byllused Inl ¢)pw•tln9 acti¥lll 25. Analysi$ of cash and ¢ash •quivalents Group 2021 Group 2020 £000 Cash in hand 106 Total ￿5h and ￿$h equlvalents 106 26. Analysis ol chonges in n•t debt At 1 Ap￿1 Cash Flov 2020 £o(MJ At 31 March 2021 £(￿)0 Cash ai bank and in hand 546 652 546 652 77 DERBYSHIRE WILDLIFE TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 27. Pension ¢ommitm¢nts The Group operates a defined benefit pension scheme. Under the requirements of FRS 102. the Tru￿ includes the assets and liabilities of these arrangements in its balance sheet. Current service costs, curtailment and settlement gains and losses, and net financial returns are included in the statement of financial activities in the period which they relate. Actuarial gains arKI losses are recognised in the statement of financial activities. The most recent full Actuarial Valuation was at 31 March 2019 by a qualified independent actuary in accordance with FRS 102. As required by FRS 102. the defined benefit liabilities have been measured using the Projerted Unit actuarial cost method. The Trust's contributions for the year were £97.00012020: £103.0001. The Trustees are keeping under review the disclosed deficit in the Scheme. The next full actuarial valuation will be ai 31 March 2022. Principal ¥c￿¥rial assumplions •t the Balance She￿ dats lexwossed as weighted •v•r•gesl: At 31 M•r¢h At 31 March 2020 Oiwount rats 2.25 Retail Price Index IRPII inflation 3AS 2.70 Consumer Price Index ICPII inflation 1.70 Future pension increases 5.00 At 31 MaY¢h 2021 Ai 31 March 2020 Years Mortality rates lin yèarsl . for a male aged 65 now 22.5 - at 65 for a male aged 45 now 24.0 2&9 - for a female aged 65 now 24 - at 65 for a female aged 45 now 2&4 26.2 78 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 27. Pension l¢onlinuedl The Group's share of ihe assets in the scheme was: At 31 Mar¢h 2021 At 31 March 2020 Equities Gilts 30 22 Corporale bonds 22 Propety 14 19 Cash and other liquid assets 16 17 D8rivativ8s 10 Investmeni funds Asset backed securities Total f•lr TAlue ol •M•ts 100 ioo The amounts re¢ognised in the Consolidated statement of financial activities are as follows: 2020 Current service cost 14 Interesl income 1171 Interest cost 20 Administrative gXPgns•S 13 Tolal amount recognised in the ConsolFdated ￿alement of financial artivities 15 79 DERBYSHIRE WILDLIFE TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 27. Pension ¢ommitm•nts Iconlinu•dl Movemenis in the present value of the defined benefit obligation were as follows: 2021 £000 Opening defined benefii obligation 827 Interest cost Benefits paid 1301 Administration costs 13 Remeasurement losses Closlng d•fined b•nofft obllgatlon 917 Movements in the fair value of the Group's share of scheme assets were as follows: 2021 £000 Opening fair valu8 of ￿eme assets 720 Expe￿e￿ r￿uM on •ss•ts 15 Affluarial gainslllossesl Contributions by employer BenÈlrlS paid 1301 Remeasurement losses Closlng faSr vdu• of sth•me aM•ts Defined benefit pension s¢heme li•bility 2021 £000 Defined benefit obligation 917 Fair value of scheme as$rfs 80 DERBYSHIRE WILDLIFE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ￿e￿gnIS•d in oth•r compr•honsivg incom• Total funds 2021 £000 lunds 2021 £000 Athuarial loss on liabTrlilies Aetuarial gain on as5$ts 1941 Isi The Trust also contributes to a defined contribution scherne for both the deferred members of the Wildlife Tru￿5 Pension Scheme and new entrants. The total pension charge relating to these defined contribution schemes for the year was £97K12020.. £97kl. Operating l•as• commitm•nts At 31 March 2021 the Group and the Trust had commitments to make future minimum lease payments under non-cancellable operating leases as follows: Group 2021 Group 2020 Compary 2021 £000 Company 2021 £000 Not later than 1 y¢ar Later than I y•ar and not later than 5 years 184 105 253 105 253 30. R•lat•d party Iransactions The Trust has not entered into any related party transaction during the year, nor are there anv outstanding balances owing between related parties and the Trust at 31 March 2021. 81 Trustee Directory Trustees of the charity The directors of the charitable company are its trustees for the purpose of charity law. The trustees who have served during the year and since the year end were as follows: Dr S J Mayer. Chair Mr P A Bradbury. Treasurer MrDSCutts Mrs K M Bosley. Treasurer Ms C C J F Cremers Professor L Crowe Dr H A Edwards Miss A Elahi Ms G Foxcroft Dr N P Huish, Vice Chair Professor P T Lynch Mr C F Pickering Mr D Renwick Mrs J E Sterland Ms C Turton-chambers (retired 12 December 20201 {resigned 9 July 20201 lappointed 1 September 20201 (appointed 1 September 20201 lappointed 1 September 20201 (appointed 1 May 2020) Registered office Sandy Hill, Main Street, Middleton, Matlock, Derbyshire, DE4 4LR Chief executive officer Or J Smith Independent auditor BHP LLP. 57- 59 Saltergate. Chesterfield. S40 1 UL Leav agift FOR NATURE Ji 15 "A legacy to your local Wildlife Trust is a very special gift that can do remarkable things to help the wildlife treasures on your doorstep. Sir David Attenborough After providing for your loved ones, p-le-a-sTr-rèThÈmber the. Derbyshire Wildlife Trust. When you are ready,- we are here to talk. 01773 881188 enquiries@derbyshirewt.co.uk www.derbyshirewildlifetrust.org.uk