2021-03-31-accounts - Nottinghamshire Wildlife Trust

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CONTENTS		Pages
Reference and Administrative Details
Chair's Annual Report
Trustees' Report		3-10
Auditor's Report		11-13
Consolidated Statement	of Financial Activities	14
Consolidated and Charity	Balance Sheet	15
Consolidated Cash Flow Statement		16
Notes to the Consolidated	Accounts	17-39

N Parsons	(Chair)
M Spencer	(Trustee, Vice Chair)
M Willis	(Trustee, Vice Chair)
R Armitage	(Trustee, Honorary Secretary and Chair of Nature	Recovery Committee)
CGibson	(Trustee, Honorary Treasurer)
C Keetley	(Trustee and Chair of People and Nature Committee)		(Resigned 21.11.20)
W Logan	(Trustee and Chair of Resources Committee)
D Schwarz	(Trustee and Chair of Nature Recovery Committee)	(Resigned 7.10.20)
G Dyne	(Trustee) (Resigned 21.11.20)
SShah	(Trustee)
R Thurgood	(Trustee and Chair ofPeople and Nature Committee)
K Wilson	(Trustee)
S Clifton	(Trustee) (Appointed 20.11.20)
K Eaves-O' Connor	(Trustee) (Appointed 21.11.20)
R Richards	(Trustee) (Appointed 21.11.20) (Resigned 15.9,2021)
ESherburn	(Trustee) (Appointed 21.11.20)

						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2021	2020
			Notes	f	f	f	f	f
Incoming and endowments		from:
Donations and legacies				777,460	27,388	3,143	807,991	1,267,387
Charitable activities				303,978	1,347,646		1,651,624	627,500
Other trading activities				3,772,316			3,772,316	1,790,446
investments				255	11,322		11,577	23,225
Other				27,152	6,366		33,518	26,020
Total				4,881,161	1,392,722	3,143	6,277,026	3,734,578
Expenditure on:
Raising funds				3,426,489	11,984		3,438,473	1,851,991
Charitable activities				350,771	1,220,906		1,571,677	1,281,840
Other				31,994	3,499		35,493	17,512
Total				3,809,254	1,236,389		5,045,643	3,151,343
Net gains/(losses) on investments			16	23,400	145,257		168,657	(87,349)
Net income/(expenditure)				1,095,307	301,590	3,143	1,400,040	495,886
Other recognised gains/(losses):
Actuarial gains/(losses)	on defined
benefit pension schemes			21	75,505			75,505	100,861
Minority interest
Revaluation of property			14					(392,119)
Net movements in funds				1,170,812	301,590	3,143	1,475,545	204,628
Reconciliation offunds:
Transfers between funds				151,214	(51,455)	(99,759)
Total funds brought forward				1,318,754	3,108,547	284,826	4,712,127	4,507,499
Total funds carried forward			22-24	2,640,780	3,358,682	188,210	6,187,672	4,712,127

			Group
			2021	2020	2021	2020
		Notes	f	f	f	f
Fixed assets
Tangible assets		14	2,303,187	1,710,647	2,237,932	1,668,902
Heritage assets		15	1,339,062	1,339,062	1,339,062	1,339,062
Investments		16	1,167,051	748,393	1,167,251	748,593
Total fixed assets			4,809,300	3,798,102	4,744,245	3,756,557
Current assets
Stocks		17	68,463	83,220	38,821	36,729
Debtors		18	863,652	741,989	690,410	614,899
Investments		19	2,000	2,000	2,000	2,000
Cash at bank	and in hand		1,544,732	938,137	1,299,602	826,679
Total current	assets		2,478,847	1,765,346	2,030,833	1,480,307
Liabilities
Creditors:
Amounts falling due within one year		20	(1,047,746)	(769,360)	(611,254)	(545,051)
Net current	assets		1,431,101	995,986	1,419,579	935,256
Creditors
Amounts falling due
after more	than one year
Net assets excluding
provisions	for liabilities		6,240,401	4,794,088	6,163,824	4,691,813
Provision for	liabilities	21	(52,729)	(81,961)	(52,729)	(81,961)
Total net assets			6,187,672	4,712,127	6,111,095	4,609,852
The funds of	the charity
Restricted income funds		22	3,358,682	3,108,547	3,358,682	3,341,186
Endowment		23	188,210	284,826	188,210	284,826
			3,546,892	3,393,373	3,546,892	3,626,012
Unrestricted	funds	24	2,640,780	1,318,754	2,564,203	983,840
Minority interest
Total funds		26	6,187,672	4,712,127	6,111,095	4,609,852

			2021	2021	2020	2020
		Notes	f	E	E	f
Cash flows from operating	activities:
Net cash provided by (used in)
operating activities		31		1,610,783		596,801
Cash flows from investing	activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment			(807,793)		(7,274)
Proceeds from sale of plant and equipment			53,605		55,308
Proceeds from the sale of	investments
Purchase of investments			(250,000)
Net cash provided by (used in)
investing activities				(1,004,188)		48,034
Cash flows from financing	activities
Repayments of borrowing
Net cash inflows from new	borrowing
Net cash used in financing	activities
Change in cash and cash equivalents
in the reporting period				606,595		644,835
Cash and cash equivalents	at the
beginning ofthe reporting period				938,137		293,302
Cash and cash equivalents	at the
end ofthe reporting period				1,544,732		938,137

Depreciation rates are reviewed	Depreciation rates are reviewed	annually	and have been computed to write off the cost of tangible	fixed assets to their
estimated realisable	value after	their useful	lives using the following rates:-
Asset Category			Annual Rate
Freehold land			No depreciation
Freehold buildings &	reserves		1%,10%and 20%per annum ofcost
Leasehold buildings			2%per annum of cost
Wilwell Cutting lease			Equal instalments over the period ofthe lease
Plant, equipment &vehicles			20%per annum ofnet book value and 20%of	cost
Project-specific assets			Various —Written off in line with the length of	the project's
			funding.

				Endowment	Total	Total
		Unrestricted	Restricted	Fund	2021	2020
		f	f	f	f	f
Membership	income	397,993			397,993	366,086
Donations		199,684	27,388	3,143	230,215	726,611
Legacies		179,783			179,783	174,690
		777,460	27,388	3,143	807,991	1,267,387

						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2021	2020
				f	f	f	f	f
Grants and contracts				290,435	1,290,924		1,581,359	569,770
Primary purpose		trading		13,543	56,722		70,265	57,730
				303,978	1,347,646		1,651,624	627,500
Other trading activities
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2021	2020
				f	f	f	f	f
EMEC —Consultancy			Services	3,262,980			3,262,980	933,214
NWTT —cafes, retail			and
conferencing				509,336			509,336	857,232
				3,772,316			3,772,316	1,790,446
nvestment	income
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2021	2020
				f	f	f	f	f
Bank interest				255			255	581
Investments	listed
on stock exchange					11,322		11,322	22,644
Rental income
				255	11,322		11,577	14,978
ther income
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2021	2020
				f	f	f	f	f
Other				27,152	6,366		33,518	26,020
				27,152	6,366		33,518	26,020

								Total	Total
						Unrestricted	Restricted	2021	2020
						f	f	f	f
		Fundraising				238,855	11,122	249,977	170,631
		Membership				81,128	862	81,990	67,194
		Trading	company		costs	3,106,506		3,106,506	1,609,702
		Investment		management					4,464
						3,426,489	11,984	3,438,473	1,851,991
8	Charitable			activities
								Total	Total
						Unrestricted	Restricted	2021	2020
						f	f	f	f
		Nature	Recovery			282,173	1,067,123	1,349,296	881,835
		People	8 Nature			68,598	153,783	222,381	400,005
						350,771	1,220,906	1,571,677	1,281,840
								Total	Total
						Direct Costs f	Support f	2021 f	2020 f
		Nature	Recovery			1,042,891	306,405	1,349,296	881,835
		People	8 Nature			153,783	68,598	222,381	400,005
						1,196,674	375,003	1,571,677	1,281,840
9	Total expenditure
						Other
						Direct
						Costs	Support	2021	2020
						f	f	f	f
Raising funds						3,360,728	77,745	3,438,473	1,847,527
Investment management					costs				4,464
Nature		Recovery				1,042,891	306,405	1,349,296	881,835
People		8.Nature				153,783	68,597	222,380	400,005
Governance costs						18,929	4,573	23,502	17,512
Bad	debt write off					11,992		11,992
						4,588,323	457,320	5,045,643	3,151,343

										2021	2020
										f	f
Total resources expended				are	stated after		charging:
Auditor's	remuneration
-audit										13,450	10,875
-other	services									7,163	3,325
Depreciation										161,243	170,310
(Profit)/Loss		on sale offixed assets								405	(43,901)
Amounts	payable		under	operating		leases				47,422	35,624
0 Analysis		ofsupport costs
									Nature	People 8
				Governance f			Fundraising f	Membership f	Recovery f	Nature f	Total f
						326	3,262	2,284	21,857	4,893	32,622
Finance						251	2,509	1,756	16,812	3,764	25,092
Premises						290	2,902	2,031	19,443	4,354	29,020
Vehicles						327	3,269	2,288	21,900	4,903	32,687
Other Costs
(including
irrecoverable		VAT)				713	7.127	4,989	47,750	10,690	71,269
Staff Costs					2,520		25,203	17,642	168,862	37,805	252,032
Depreciation						146	1,460	1,022	9,781	2,190	14,599
					4,573		45,732	32,012	306,405	68,599	457,321

											2021	2020
											E	f
The movement	in	the	year is	stated after	charging:
Salaries and wages											1,783,271	1,595,457
Social security	costs										151,171	122,550
Other pension	costs										147,342	136,999
Other staff costs												2,007
											2,081,784	1,857,013
Employees
The average	number		of	employees,	calculated	on	the	basis	of	full-time
equivalents, analysed			by function was:
Nature Recovery											17.7	16.5
People & Nature											3.8	3.3
Supporter Journey,		Marketing		& Comms							7.9	6.5
Trading											17.2	18.2
Consultancy											19.4	21.1
Operations											9.4	6.4
											75.4	72.0

2021	2020
E	E

Corporation	tax
Deferred tax

Group
						Reserve
		Freehold	Leasehold		Fixtures,	Plant 8
		Land,	Land		Fittings	Machinery
		Building &		Improvements	8.	and Motor
		Reserves f	Buildings f	to property	Equipment E	Vehicles f	Total E
Cost or donated	value
1April 2020		3,776,881	1,588,325	18,098	341,478	177,600	5,902,382
Additions		750,000		13,736	9,946	34,111	807,793
Revaluation
Disposals		(63,145)					(63,145)
At 31March 2021		4,463,736	1,588,325	31,834	351,424	211,711	6,647,030
Depreciation
At 1April 2020		1,782,348	604,115	5,908	306,897	153,405	2,852,673
Charge for the year		95,546	30,646	6,037	10,145	18,869	161,243
Disposals		(9,135)					(9,135)
At 31March 2021		1,868,759	634,761	11,945	317,042	172,274	3,004,781
Net book value
At 31March 2021		2,594,977	953,564	19,889	34,382	39,437	3,642,249
At 31March 2020		1,994,533	984,210	12,190	34,581	24,195	3,049,709
NBV carried forward
includes
Heritage assets		2,089,062					2,089,062

Charity
					Reserve
		Freehold			Plant 8
		Land,	Leasehold	Fixtures,	Machinery
		Building &	Land &	Fittings &	and Motor
		Reserves f	Buildings f	Equipment f	Vehicles f	Total f
Cost or donated	value
1April 2020		3,776,881	1,588,325	207,125	153,681	5,726,012
Additions		750,000			9,100	759,100
Revaluation
Disposals		(63,145)				(63,145)
At 31March 2021		4,463,736	1,588,325	207,125	162,781	6,421,967
Depreciation
At 1April 2020		1,782,348	604,115	196,610	134,975	2,718,048
Charge for the year		95,546	30,646	3,007	6,861	136,060
Disposals		(9,135)				(9,135)
At 31March 2021		1,868,759	634,761	199,617	141,836	2,844,973
Net book value
At 31March 2021		2,594,977	953,564	7,508	20,945	3,576,994
At 31March 2020		1,994,533	984,210	10,515	18,706	3,007,964

	2021	2020	2019	2018	2017
	f	f	f	f	f
Cost brought forward	1,339,062	1,339,062	1,339,062	1,339,062	1,339,062
Purchases in year	750,000
Depreciation
Cost carried forward	2,089,062	1,339,062	1,339,062	1,339,062	1,339,062

Quoted and listed investments	2021	2020
Group	f	f
Quoted investments	888,040	724,542
Cash held as part ofthe portfolio	279,011	23,851
	1,167,051	748,393

	2021	2020
		f
Market value at 1April	748,394	836,108
Additions at cost	250,000
Disposals at market value brought forward
Unrealised gains/(losses)	168,657	(87,349)
Miscellaneous charges		(365)
Market value at 31March 2021	1,167,051	748,394
Historic Cost at 31March 2021	1,111,785	838,476

Stocks
				Group	Group	Charity		Charity
				2021	2020	2021		2020
				f	f		f	f
Catering and retail				29,642	46,491
Livestock				38,821	36,729		38,821	36,729
				68,463	83,220		38,821	36,729
Debtors
					Group		Company
					2021	2020	2021	2020
					f	f	f	f
Trade debtors					451,781	265,324
Grants and other items					174,145	66,840	174,145	66,840
Amounts due	from subsidiary		companies				324,346	213,549
Other debtors					42,736	163,324		101,500
Prepayments	and accrued income				194,990	246,501	191,919	233,010
					863,652	741,989	690,410	614,899
Investments	—Current assets
Group and Company
							2021	2020
							f	f
Artwork							2,000	2,000
							2,000	2,000
Creditors: Amounts		falling due within one year
					Group		Company
					2021	2020	2021	2020
					f	f	f	f
Loans and Overdrafts
Hire purchase	contracts
Trade creditors					355,805	217,259	182,374	101,993
Other creditors					261,629	108,801	19,587	13,260
Social security	and other taxes				130,670	76,641	109,651	63,139
Accruals and deferred		income			299,642	366,659	299,642	366,659
					1,047,746	769,360	611,254	545,051

Provision for liabilities
		Group	Group	Charity	Charity
		2021	2020	2021	2020
		f	f	f	f
Defined benefit pension	liability	52,729	81,961	52,729	81,961

			2021
			f
Defined benefit pension	plan asset		652,155
Defined benefit pension	plan liability		(704,884)
Net defined benefit asset/(liability)			(52,729)
Changes in the present value	ofthe defined benefit obligations	are as follows:
			2021
			E
At 1April 2020			635,267
Interest expense			14,147
Administration costs			10,386
Benefits paid			(23,437)
Remeasurements:
Actuarial gains and losses			68,521
At 31March 2021			704,884

Changes in the fair value	of plan assets are as	of plan assets are as	of plan assets are as	follows:	follows:
										2021
										E
At 1April 2020										553,306
Interest income										12,528
Benefits paid										(23,437)
Contributions by employer										30,513
Remeasurements:
Return on plan assets, excluding			amount		included		in interest income			79,245
At 31March 2021										652,155
The total costs for the year in relation to			defined benefit			plans are as follows:
										2021
										E
Recognised in profit	or loss:
Net interest expense										1,619
Administrative expenses										10,386
Past service cost
										12,005
Recognised in other	comprehensive		income:
Remeasurement of	the liability:
Actuarial gains and losses										(68,522)
Return on plan assets, excluding			amounts		included			in net interest		79,246
										10,724
The principal actuarial assumptions			as at	the	statement			offinancial	position date were:
										2021
Discount rate										1.95
Mortality rates:
Current pensioners	at 65 —male									22.70
Current pensioners	at 65 —female									25.00
Future pensioners	at 65 —male									24.00
Future pensioners	at 65 —female									26.40
Rate ofincrease of pensions		in payment		—pensions		accrued before 1July
1996										5.00
Rate ofincrease of pensions		in payment		- pensions		accrued after 1July
1996										3.20
Rate ofincrease of pensions		in deferment								2.65

Year Ended 31	March 2021	March 2021	As at				Gains/		As at
			31.03.20 f	Incoming f	Outgoing f		(Losses) f	Transfers f	31.03.21 f	2020 f
Funded Land			619,015	750,000				200,000	1,569,015	619,015
Duke's Wood			51,094	665				(11,938)	39,821	51,094
Funded Charitable		Delivery	180,416	623,665	1,231,183			441,388	14,286	180,416
Ragged School			769,239	10,878				(392,119)	387,998	769,239
Beacon Hill			586,015	7,514			145,257	(288,786)	450,000	586,015
Attenborough
Visitor Centre			902,768			5,206			897,562	902,768
			3,108,547	1,392,722	1,236,389		145,257	(51,455)	3,358,682	3,108,547
Year Ended 31	March 2020		As at				Gains/		As at
			31.03,19 f	Incoming f	Outgoing f		(Losses) f	Transfers f	31.03.20 f	2019 f
Nature Reserve	Funds,
Acquisition Grants
and Donated
Reserves			619,015						619,015	619,015
Duke's Wood			51,094						51,094	51,094
Estate Management,
Conservation	Policy,
Education and
Community			534,417	477,730	831,731				180,416	534,417
Ragged School			781,241		12,002				769,239	781,241
Beacon Hill			646,302	22,644		1,393	(81,538)		586,015	646,302
Attenborough
Visitor Centre			933,202		30,434				902,768	933,202
			3,565,271	500,374	875,560		(81,538)		3,108,547	3,565,271

Year Ended	31March 2021	As at				Gains/			As at
		31.03.20 f Incoming f		Outgoing f		(Losses) f	Transfers f		31.03.21	2020 f
Pioughman	Wood	180,735	1,715				(79,742)		102,708	180,735
North Muskham		46,796	480				(18,5271		28,749	46,796
Woodthorpe	Meadow	57,295	948					(1,490)	56,753	57,295
		284,826	3,143				(99,759)		188,210	284,826
Year Ended	31March 2020						Gains/
		As at 31.03.19 f	Incoming f		Outgoing f		(Losses) f	As at 31.03.20 f		2019 f
Ploughman	Wood	180,735							180,735	180,735
North Muskham		46,796							46,796	46,796
Woodthorpe	Meadow	57,295							57,295	57,295
		284,826							284,826	284,826

Group	Group
Year Ended 31March		2021	As at			Gains/
			31.03.20 f	Incoming f	Outgoing f	(Losses) f	Transfers f	As at 31.03.21 f	2020 f
Financial	Contingency	Fund	100,000				100,000	200,000	100,000
Pension	Fund						52,729	52,729
General	Reserves		1,089,840	1,108,845	703,198	98,905	717,082	2,311,474	1,089,840
Trading	Subsidiaries		128,914	3,772,316	3,106,056		(718,597)	76,577	128,914
			1,318,754	4,881,161	3,809,254	98,905	151,214	2,640,780	1,318,754
Charity
Year Ended 31March		2021	As at			Gains/
			31.03.20 f	Incoming f	Outgoing f	(Losses) f	Transfers f	As at 31.03.21 f	2020 f
Financial	Contingency	Fund	100,000				100,000	200,000	100,000
Pension	Fund						52,729	52,729
General	Reserves		883,840	1,956,386	550,637	23,400	(1,515)	2,311,474	883,840
			983,840	1,956,386	550,637	23,400	151,214	2,564,203	983,840
Group
Year Ended 31March		2020	As at			Gains/
			31.03.19 f	Incoming f	Outgoing f	(Losses) f	Transfers f	As at 31.03.20 f	2019 f
Financial
Contingency Fund			100,000					100,000	100,000
General	Reserves		455,912	1,443,758	666,081	(297,069)	153,320	1,089,840	455,912
Trading	Subsidiaries		101,490	1,790,446	1,609,702		(153,320)	128,914	101,490
			657,402	3,234,204	2,275,783	(297,069)		1,318,754	657,402
Charity
Year Ended 31March		2020	As at			Gains/
			31.03.19 f	Incoming f	Outgoing f	(Losses) f	Transfers f	As at 31.03.20 f	2019 f
Financial
Contingency Fund			100,000					100,000	100,000
General	Reserves		533,246	1,622,627	1,266,222	(5,811)		883,840	533,246
			633,246	1,622,627	1,266,222	(5,811)		983,840	633,246

Profit and Loss Year Ended 31	Accou March	nt 2021
						2021		2020
						f		f
Turnover						3,281,640		967,945
Cost ofsales						(2,229,988)		(647,192)
Gross profit						1,051,652		320,753
Administrative expenses						(248,091)		(178,194)
Trading profit						803,561		142,559
Operating (loss)/profit		on ordinary	activities before taxation
Tax on profit on	ordinary	activities
Profit on ordinary	activities after taxation					803,561		142,559
Reserves brought	forward					75,438		78,653
Charitable Donation						(809,345)		(145,774)
Reserves carried	forward					69,654		75,438
Balance Sheet
As at 31March	2021
				2021			2020
					E			E
Fixed assets					10,626			13,155
Current assets
Debtors			452,655			269,682
Cash at bank and	in hand		211,806			73,973
			664,461			343,655
Creditors:
Amounts falling due within one year			605,333			281,272
Net current assets/(liabilities)					59,128			62,383
Total assets less	current	liabilities			69,754			75,538

The charity holds 100%	The charity holds 100%	The charity holds 100%	ofthe issued	ofthe issued	ofthe issued	share capital	share capital	of Nottinghamshire	of Nottinghamshire		Wildlife	Trust Trading	Trust Trading	Ltd (NWT	Ltd (NWT	Trading	Ltd)	a
company registered		in	the		England	and Wales		having	the same	registered		office as the		charity.		Commercial	activities
undertaken by	the company				are conferencing,		catering,		retail and engagement.				Their profits		are given to the Trust by			Gift
Aid, the amount paid		and payable				for 2021 was		fnil (2020:f7,546).			A summary		of the results of the subsidiary				is shown
below:
Profit and Loss	Account
Year Ended 31	March	2021
													2021			2020
													f			f
Turnover													361,922			859,513
Cost ofsales													(425,874)			(582,354)
Gross profit													(63,952)			277,159
Other income
Administrative	expenses												(111,072)			(258,978)
Trading profit													(175,024)			18,181
Other operating	income												148,475
Operating (loss)/profit			on ordinary			activities	before taxation						(26,549)			18,181
Tax on profit on ordinary				activities
Profit on ordinary activities after taxation													(26,549)			18,181
Reserves brought forward													33,472			22,837
Charitable Donation																(7,546)
Reserves carried forward													6,923			33,472
Balance Sheet
As at 31March	2021
									2021						2020
										f						f
Fixed assets										54,629						28,589
Current assets
Stocks								29,642					46,491
Debtors								44,933					70,957
Cash at bank and	in hand							33,324					37,485
								107,899					154,933
Creditors:
Amounts falling	due within			one	year			155,505					149,950
Net current assets/(liabilities)										(47,606)						4,983
Total assets less current		liabilities								7,023						33,572

Year Ended 31March 2021		Restricted
	Unrestricted	Income	Endowment	Total
	f	E	E
Tangible fixed assets	164,740	3,477,509		3,642,249
Long-term investments	838,602	140,239	188,210	1,167,051
Other assets and liabilities	1,637,438	(259,066)		1,378,372
Total net assets	2,640,780	3,358,682	188,210	6,187,672
Year Ended 31March 2020		Restricted
	Unrestricted	income	Endowment	Total
	E	E	E
Tangible fixed assets	333,236	2,716,473		3,049,709
Long-term investments	(10,468)	567,301	191,560	748,393
Other assets and liabilities	995,986	(175,227)	93,266	914,025
Total net assets	1,318,754	3,108,547	284,826	4,712,127

	Land and Buildings	Land and Buildings
	2021	2020	2021	2020
	E	f	f	f
Expiring within 1year			39,493	34,801
2-5 years			36,917	80,072

Comparative information	Comparative information
							Endowment
				Unrestricted		Restricted	Fund		2020
					f	f	f		f
Incoming and endowments		from:
Donations and legacies				1,249,970		17,417			1,267,387
Charitable activities					167,187	460,313			627,500
Other trading activities				1,790,446					1,790,446
Investments					581	22,644			23,225
Other					26,020				26,020
Total				3,234,204		500,374			3,734,578
Expenditure on:
Raising funds				1,841,084		10,907			1,851,991
Charitable activities					421,286	860,554			1,281,840
Other					13,413	4,099			17,512
Total				2,275,783		875,560			3,151,343
Net gains/(losses) on investments					(5,811)	(81,538)			(87,349)
Net income/expenditure					952,610	(456,724)			495,886
Transfer between funds
Other recognised gains/(losses):
Actuarial gains/(losses)	on defined
benefit pension schemes					100,861				100,861
Taxation
Revaluation of property				(392,119)					(392,119)
Net movements in funds					661,352	(456,724)			204,628
Reconciliation offunds:
Total funds brought forward					657,402	3,565,271	284,826		4,507,499
Total funds carried forward				1,318,754		3,108,547	284,826		4,712,127
Reconciliation ofnet	income/		{expenditure) to		net cash flow from operating		activities
							2021		2020
							f		f
Net income/(expenditure)		for	the reporting	period	(as per the statement of
financial activities)							1,475,545		204,628
Depreciation							161,243		170,310
Losses /(gains) on investments							(168,658)		87,736
Loss/(profit) on the sale	offixed		assets					405	(43,901)
(Increase)/decrease in stock							14,757		6,148
(Increase)/decrease in debtors							(121,663)		(357,396)
Increase/(decrease) in creditors							278,386		238,018
Increase/(decrease) in	provision		for pension	liability			(29,232)		(100,861)
Revaluation of property									392,119
Net cash inflow from operating			activity				1,610,783		596,801