2023-03-31-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

						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2023	2022
			Notes	f	f	f	f	f
Incoming and endowments		from:
Donations and legacies				761,867	2,764	5,000	769,631	926,457
Charitable activities				216,670	935,825		1,152,495	1,177,304
Other trading activities				2,048,611			2,048,611	2,751,108
Investments				29,315	17,144		46,459	38,335
Other				14,358	4,404		18,762	10,578
Total				3,070,821	960,137	5,000	4,035,958	4,903,782
Expenditure on:
Raising funds				2,357,644	6,342		2,363,986	2,721,586
Charitable activities				947,616	1,272,257	5,000	2,224,873	2,009,135
Other								6,964
Total				3,305,260	1,278,599	5,000	4,588,859	4,737,685
Net gains/(losses) on investments			16	(37,987)	(59,525)		(97,512)	(13,000)
Net income/(expenditure}				(272,426)	(377,987)		(650,413)	153,097
Other recognised gains/(losses):
Actuarial gains/(losses)	on defined
benefit pension schemes			21	(32,816}			(32,816)	18,811
Minority interest
Net movements in funds				(305,242)	(377,987)		(683,229)	171,908
Reconciliation offunds:
Transfers between funds				(335,511)	335,511
Total funds brought forward				2,872,819	3,298,551	188,210	6,359,580	6,187,672
Total funds carried forward			22-24	2,232,066	3,256,075	188,210	5,676,351	6,359,580

			Group
			2023	2022		2023	2022
		Notes	f	E		E	f
Fixed assets
Tangible assets		14	1,478,578	1,512,373		1,350,708	1,394,531
Heritage assets		15	2,089,062	2,089,062		2,089,062	2,089,062
Investments		16	1,056,539	1,154,051		1,056,739	1,154,251
Total fixed assets			4,624,179	4,755,486		4,496,509	4,637,844
Current assets
Stocks		17	135,432	119,993		48,256	43,426
Debtors		18	1,098,888	630,770		794,431	722,631
Investments		19	2,000	2,000		2,000	2,000
Cash at bank and in hand			1,019,340	1,755,000		889,843	1,477,105
Total current assets			2,255,660	2,507,763		1,734,530	2,245,162
Liabilities
Creditors:
Amounts falling due within one year		20	(1,104,488)	(903,669)		(581,704)	(634,936)
Net current assets			1,151,172	1,604,094		1,152,826	1,610,226
Creditors
Amounts falling due
after more than one year
Net assets excluding
provisions for liabilities			5,775,351	6,359,580		5,649,335	6,248,070
Provision for liabilities		21	(99,000)			(99,000)
Total net assets			5,676,351	6,359,580		5,550,335	6,248,070
The funds ofthe charity
Restricted income funds		22	3,256,075	3,298,551		3,256,075	3,298,551
Endowment		23	188,210	188,210		188,210	188,210
			3,444,285	3,486,761		3,444,285	3,486,761
Unrestricted funds		24	2,232,066	2,872,819		2,106,050	2,761,310
Minority interest
Total funds		26	5,676,351	6,359,580		5,550,335	6,248,071
The e a ts were approved	by the	Board on	2.gl I~/~4
Chairman - Nick Parsons			Treasurer	- olinGi	on

			2023	2023	2022	2022
		Notes	f	f	E	E
Cash flows from operating	activities:
Net cash provided by (used in)
operating activities		31		(584,901)		318,084
Cash flows from investing	activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment			(150,759)		(113,316)
Proceeds from sale ofplant and equipment					5,500
Proceeds from the sale of	investments
Purchase ofinvestments
Net cash provided by (used in)
investing activities				(735,660)		210,268
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				(735,660)		210,268
Cash and cash equivalents	at the
beginning ofthe reporting period				1,755,000		1,544,732
Cash and cash equivalents	at the
end ofthe reporting period				1,019,340		1,755,000

Depreciation rates	are reviewed	are reviewed	annually	and have been computed to write off the cost of tangible	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/o, 10/o and 20/o per annum	of cost
Leasehold buildings				2/o per annum of cost
Wilwell Cutting lease				Equal instalments over the period ofthe lease
Plant, equipment &vehicles				20/o per annum ofnet book	value and 20/o ofcost
Project-specific assets				Various —Written off in line	with the length of	the project's
				funding.
Impairment- assets	are assessed		at the year	end asto whether there is any indication	that an asset may	be impaired.

				Endowment	Total	Total
		Unrestricted	Restricted	Fund	2023	2022
		f	f	f	f	f
Membership	income	492,606			492,606	432,400
Donations		116,830	2,764		119,594	232,590
Legacies		152,431		5,000	157,431	261,467
		761,867	2,764	5,000	769,631	926,457

						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2023	2022
				f	f	f	f	f
Grants	and	contracts		136,907	885,469		1,022,377	1,145,128
Primary	purpose trading			79,763	50,356		130,118	32,176
				216,670	935,825		1,152,495	1,177,304
Other trading activities
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2023	2022
				f	f	f	f	f
EMEC —Consultancy			Services	990,936			990,936	1,747,674
NWTT-	cafes, retail		and
conferencing				1,057,675			1,057,675	1,003,434
				2,048,611			2,048,611	2,751,108
nvestme	nt	income
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2023	2022
				f	f	f	f	f
Bank interest				5,105			5,105	131
Investments		listed
on stock exchange				24,210	17,144		41,354	38,204
Rental income
				29,315	17,144		46,459	38,335
ther income
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2023	2022
				f	f	f	f	f
Other				14,358	4,404		18,762	10,578
				14,358	4,404		18,762	10,578

							Total	Total
					Unrestricted	Restricted	2023	2022
					f	f	f	f
Fundraising					91,561	942	92,503	189,152
Membership					208,074	5,400	213,474	192,861
Subsidiary		company	costs		2,058,009		2,058,009	2,339,573
Investment		management
					2,357,644	6,342	2,363,986	2,721,586
Charitable		activities
						Endowment	Total	Total
				Unrestricted	Restricted	Fund	2023	2022
				f	f		f	f
Nature	Recovery			352,956	1,185,982	5,000	1,543,938	1,577,528
People	& Nature			594,660	86,275		680,935	431,607
				947,616	1,272,257	5,000	2,224,873	2,009,135
							Total	Total
					Direct Costs f	Support E	2023 f	2022 E
Nature	Recovery				1,401,191	142,747	1,543,938	1,577,528
People	&Nature				42,755	638,180	680,935	431,607
					1,443,946	780,927	2,224,873	2,009,135
Total expenditure
					Other
					Direct
					Costs	Support	2023	2022
					E	E	f	E
Raising funds					2,362,744	1,242	2,363,986	2,721,586
Investment	management		costs
Nature Recovery					1,401,191	142,747	1,543,938	1,577,528
People & Nature					42,755	638,180	680,935	431,607
Other costs								5,764
Bad debt write-off								1,200
					3,806,690	782,169	4,588,859	4,737,685

					2023	2022
					f	f
Total resources expended			are stated after charging:
Auditor's	remuneration
—audit					14,550	14,525
-other	services				3,000	2,600
Depreciation					184,554	154,131
(Profit)/Loss on sale offixed assets						(7,000)
Amounts	payable	under	operating	leases	56,263	42,888

					Nature	People g.
		Governance	Fundraising	Membership	Recovery	Nature	Total
		f	f	f	f	f	f
		411	2,879	2,467	27,964	7,402	41,123
Finance		303	2,122	1,819	20,614	5,457	30,315
Premises		930	6,513	5,583	63,271	16,748	93,045
Vehicles		258	1,806	1,548	17,542	4,643	25,797
Other Costs
(including
irrecoverable	VAT)	475	3,324	2,849	32,291	8,548	47,487
Staff Costs		4,328	30,297	25,969	294,318	77,908	432,820
Depreciation		102	712	610	6,913	1,830	10,167
		6,807	47,653	40,845	462,913	122,536	680,754

		2023	2022
		f	f
The movement	in the year is stated after charging:
Salaries and wages		2,010,313	1,872,747
Social security	costs	172,654	149,549
Other pension	costs	318,575	171,869
Other staff costs
		2,501,542	2,194,165

Nature Recovery	20	23
People Ik Nature	7	7
Fundraising, Marketing 5Comms	8	8
Trading	13	12
Consultancy	24	21
Business Support &Development	9	3
	81	74

2023	2022
f	f

Corporation	tax
Deferred tax

Group
						Reserve
		Freehold	Leasehold		Fixtures,	Plant &
		Land,	Land		Fittings	Machinery
		Building 8	Er	Improvements		and Motor
		Reserves	Buildings	to property	Equipment	Vehicles	Total
		f	f		f	f	f
Cost or donated	value
1April 2022		4,463,736	1,588,325	31,834	395,777	265,405	6,745,077
Additions				18,213	9,808	122,738	150,759
Revaluation
Disposals
At 31March 2023		4,463,736	1,588,325	50,047	405,585	388,143	6,895,836
Depreciation
At 1April 2022		1,946,800	662,855	20,143	333,810	180,034	3,143,642
Charge for the year		91,858	30,644	8,430	23,138	30,484	184,554
Disposals
At 31March 2023		2,038,658	693,499	28,573	356,948	210,518	3,328,196
Net book value
At 31March 2023		2,425,078	894,826	21,474	48,637	177,625	3,567,640
At 31March 2022		2,516,936	925,470	11,691	61,967	85,371	3,601,435
NBV carried forward
includes
Heritage assets		2,089,062					2,089,062

Charity
					Reserve
		Freehold			Plant &
		Land,	Leasehold	Fixtures,	Machinery
		Building &	Land &	Fittings &	and Motor
		Reserves	Buildings	Equipment	Vehicles	Total
		f	f	f	f	f
Cost or donated	value
1April 2022		4,463,736	1,588,325	207,125	180,036	6,439,222
Additions					93,211	93,211
Disposals
At 31March 2023		4,463,736	1,588,325	207,125	273,247	6,532,433
Depreciation
At 1April 2022		1,946,800	662,855	201,859	144,115	2,955,629
Charge for the year		91,858	30,644	3,040	11,492	137,034
Disposals
At 31March 2023		2,038,658	693,499	204,899	155,607	3,092,663
Net book value
At 31March 2023		2,425,078	894,826	2,226	117,640	3,439,770
At 31March 2022		2,516,936	925,470	5,266	35,921	3,483,593

Quoted and listed investments	2023	2022
Group
	f	f
Quoted investments	1,030,510	1,124,870
Cash held as part ofthe portfolio	26,029	29,181
	1,056,539	1,154,051

		2023	2022
		f	f
Market value at 1April		1,154,051	1,167,051
Additions at cost
Disposals at market value brought	forward
Unrealised gains/(losses)		(97,512)	(13,000)
Miscellaneous charges
Market value at 31March 2022		1,056,539	1,154,051
Historic Cost at 31March 2022		1,111,785	1,111,785

Stocks
				Group	Group	Charity			Charity
				2023	2022	2023			2022
				f	f	f			f
Catering and retail				87,176	76,567
Livestock				48,256	43,426	48,256			43,426
				135,432	119,993	48,256			43,426
Debtors
					Group			Company
					2023	2022	2023		2022
					f	f	f		f
Trade debtors					719,548	295,420	41,541
Grants and other items						115,767			115,767
Amounts due	from subsidiary		companies				467,065		423,465
Other debtors					93,514	8,945
Prepayments	and accrued income				285,826	210,638	285,825		183,399
					1,098,888	630,770	794,431		722,631
Investments	—Current assets
Group and Company
							2023		2022
							f		f
Artwork							2,000		2,000
							2,000		2,000
Creditors: Amounts		falling due within one year
					Group			Company
					2023	2022	2023		2022
					f	f		f	f
Loans and Overdrafts
Hire purchase	contracts
Trade creditors					303,681	399,342	116,711		267,025
Other creditors					342,033	154,325	21,879		31,581
Social security	and other taxes				143,176	63,939	127,516		50,267
Accruals and deferred		income			315,598	286,063	315,598		286,063
					1,104,488	903,669	691.764		634,936

Provision for liabilities
		Group	Group	Charity	Charity
		2023	2022	2023	2022
		f	f	f	f
Defined benefit pension	liability	(99,000)		(99,000)

			2023
			E
Defined benefit pension	plan asset		578,183
Defined benefit pension	plan liability		(548,719)
Net defined benefit asset/(liability)			29,464
Restriction on net scheme asset			(29,464)
Total assets/ (liabilities)	recognised
es in the present value	ofthe defined benefit obligations	are as follows:
			2023
			f
At 1April 2022			628,181
Interest expense			16,066
Administration costs			21,935
Benefits paid			(44,157)
Remeasurements:
Actuarial gains and losses			(73,306)
At 31March 2023			548,719

Changes in the fair value of plan assets are as follows:	Changes in the fair value of plan assets are as follows:	Changes in the fair value of plan assets are as follows:	Changes in the fair value of plan assets are as follows:
					2023
					E
At 1April 2022					687,605
Interest income					17,787
Benefits paid					(44,157)
Contributions by	employer				33,031
Remeasurements:
Return on plan assets, excluding		amount	included	in interest income	(116,083)
At 31March 2023					578,183
The total costs for the	year in relation to	defined	benefit plans are as follows:
					2023
					E
Recognised in profit or loss:
Net interest expense					(1,721)
Administrative expenses					21,935
Past service cost
					20,214
Recognised in other comprehensive		income:
Remeasurement	ofthe liability:
Actuarial gains	and losses				73,306
Historic cost adjustment					9,961
Return on plan	assets, excluding	amounts	included	in net interest	(116,083)
					(32,816)

					2023
Discount rate					4.68
Mortality rates:
Current pensioners	at 65 —male				22.50
Current pensioners	at 65 —female				23.80
Future pensioners	at 65 —male				25,00
Future pensioners	at 65 —female				26.40
Rate of increase 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 of increase of	pensions	in deferment			2.70

Year Ended 31March 2023	Year Ended 31March 2023	As at			Gains/		As at
		31.03.22	Incoming	Outgoing	(Losses)	Transfers	31.03.23	2022
		E	f	E	f	E	E	f
Funded Land		1,569,015					1,569,015	1,569,015
Duke's Wood		39,821	1,394	1,394			39,821	39,821
Funded Charitable	Delivery
Ragged School		379,918		12,002			367,916	379,918
Beacon Hill		450,000	15,750	15,750			450,000	450,000
Attenborough
Visitor Centre		859,797		30,474			829,323	859,797
		3,298,551	17,144	59,620			3,256,075	3,298,551
Year Ended 31March 2022		As at			Gains/		As at
		31.03.21	Incoming	Outgoing	(Losses)	Transfers	31.03.22	2021
		f	E	E	E	f	E	E
Funded Land		1,569,015					1,569,015	1,569,015
Duke's Wood		39,821	764	764			39,821	39,821
Funded Charitable	Delivery	14,286		14,286				14,286
Ragged School		387,998		8,080			379,918	387,998
Beacon Hill		450,000	8,637	8,637			450,000	450,000
Attenborough
Visitor Centre		897,562		37,765			859,797	897,562
		3,358,682	9,402	69,533			3,298,551	3,358,682

Year	Ended	31March 2023	As at			Gains/		As at
			31.03.22 f	Incoming E	Outgoing E	(Losses) E	Transfers	31.03.23	2022 f
Ploughman		Wood	102,708	2,008	2,008			102,708	102,708
North	Muskham		28,749	1,006	1,006			28,749	28,749
Woodthorpe		Meadow	56,753	1,986	1,986			56,753	56,753
			188,210	5,000	5,000			188,210	188,210
Year	Ended	31March 2022	As at			Gains/		As at
			31.03.21	Incoming	Outgoing	(Losses)	Transfers	31.03.22	2021
			E	f	E	E			f
Ploughman		Wood	102,708	1,971	1,971			102,708	102,708
North	Muskham		28,749	552	552			28,749	28,749
Woodthorpe		Meadow	56,753	1,089	1,089			56,753	56,753
			188,210	3,143	3,143			188,210	188,210

Group
Year Ended 31March	2023	As at			Gains/
		31.03.22 f	Incoming f	Outgoing f	(Losses) f	Transfers f	As at 31,03.23 f	2022 f
Financial Contingency	Fund	250,000					250,000	250,000
Sustainability and Commercial
Investment Fund		470,000		36,000		(300,000)	134,000	470,000
Rejuvenation Fund		167,000		84,000		(83,000)		167,000
Pension Fund			99,000				99,000
General Reserves		1,874,310		634,260		383,000	1,623,050	1,874,310
Trading Subsidiaries		111,509	14,507				126,016	111,509
		2,872,819	113,507	754,260			2,232,066	2,872,819
Charity
Year Ended 31March	2023	As at			Gains/
		31.03.22 f	Incoming f	Outgoing f	(Losses) f	Transfers f	As at 31.03.23 f	2022 f
Financial Contingency	Fund	250,000					250,000	250,000
Sustainability and Commercial
Investment Fund		470,000		36,000		(300,000)	134,000	470,000
Rejuvenation Fund		167,000		84,000		(83,000)		167,000
Pension Fund			99,000				99,000
General Reserves		1,874,310		634,260		383,000	1,623,050	1,874,310
		2,761,310	99,000	754,260			2,106,050	2,761,310
Group
Year Ended 31March	2022	As at			Gains/
		31.03.21	Incoming	Outgoing	(Losses)	Transfers	As at 31.03.22	2021
		f	f	f	f	f	f	f
Financial Contingency	Fund	200,000	50,000				250,000	200,000
Sustainability and Commercial
Investment Fund			300,000			170,000	470,000
Rejuvenation Fund						167,000	167,000
Pension Fund		52,729				(52,729)		52,729
General Reserves		2,311,474	197,107	350,000		(284,271)	1,874,310	2,311,474
Trading Subsidiaries		76,577	2,751,108	2,716,716			111,509	76,577
		2,640,780	3,298,215	3,066,176			2,872,819	2,640,780
Charity
Year Ended 31March	2022	As at			Gains/
		31.03.21	Incoming	Outgoing	(Losses)	Transfers	As at 31.03.22	2021
		f	f	f	f	f	f	f
Financial Contingency	Fund	200,000	50,000				250,000	200,000
Sustainability and Commercial
Investment Fund			300,000			170,000	470,000
Rejuvenation Fund						167,000	167,000
Pension Fund		52,729				(52,729)		52,729
General Reserves		2,311,474	197,107	350,000		(284,271)	1,874,310	2,311,474
		2,564,203	547,107	350,000			2,761,310	2,564,203

Year Ended 31	March		2023
					2023	2022
					f	f
Turnover					1,139,244	1,865,157
Cost ofsales					(816,493)	(1,213,591)
Gross profit					322,751	651,566
Administrative expenses					(274,243)	(273,943)
Trading profit					48,508	377,623
Operating (loss)/profit		on ordinary		activities before taxation
Tax on profit on	ordinary		activities
Profit on ordinary	activities after taxation				48,508	377,623
Reserves brought	forward				128,945	69,654
Charitable Donation					(34,001)	(318,332)
Reserves carried	forward				143,552	128,945

Balance Sheet As at31March 2023
			2023			2022
				E			E
Fixed assets				11,338			15,063
Current assets
Debtors		722,462			306,924
Cash at bank and in hand		44,401			223,624
		766,863			530,548
Creditors:
Amounts falling due within one year		(634,649)			416,566
Net current assets/(liabilities)				132,214			113,982
Total assets less current	liabilities			143,552			129,045

Year Ended 31M	arch 2	0	23
					2023	2022
					E	f
Turnover					1,051,304	993,057
Cost ofsales					(738,106)	(678,619)
Gross profit					313,198	314,438
Other Income
Administrative expenses					(311,772)	(274,630)
Trading profit					1,426	39,808
Other operating	income				9,054	22,164
Operating (loss)/profit		on ordinary		activities before taxation	10,480	61,972
Tax on profit on	ordinary		activities
Profit on ordinary	activities after taxation				10,480	61,972
Reserves brought	forward				(17,436)	6,923
Charitable Donation					(10,480)	(86,331)
Reserves carried	forward				(17,436)	(17,436)

	Balance Sheet
	As at 31March 2023
			2023			2022
				f			f
	Fixed assets			116,533			102,779
	Current assets
	Stocks		87,176		76,567
	Debtors		82,556		24,680
	Cash at bank and in hand		85,097		54,271
			254,829		155,518
	Creditors:
	Amounts falling due within one year		388,698		275,633
	Net current assets/(liabilities)			(133,869)			(120,115)
	Total assets less current liabilities			(17,336)			(17,336)
26	Analysis ofnet assets between	funds
	Year Ended 31March 2023			Restricted
			Unrestricted	Income	Endowment		Total
			f	f	f		f
	Tangible fixed assets		597,040	2,970,600			3,567,640
	Long-term investments		378,508	489,821	188,210		1,056,539
	Other assets and liabilities		1,256,518	(204,346)			1,052,172
	Total net assets		2,232,066	3,256,075	188,210		5,676,351
	Year Ended 31March 2022			Restricted
			Unrestricted	Income	Endowment		Total
			f	f	f		f
	Tangible fixed assets		512,111	3,089,324			3,601,435
	Long-term investments		476,020	489,821	188,210		1,154,051
	Other assets and liabilities		1,884,688	(280,594)			1,604,094
	Total net assets		2,872,819	3,298,551	188,210		6,359,580

			Land	and Buildings			Other
			2023	2022		2023		2022
			f	f		f		f
Expiring within 1year						25,766		25,359
2-5 years						10,757		22,297
The total commitment	outstanding		at 31March 2023 was f36,523.
Comparative information
					Endowment
			Unrestricted	Restricted	Fund			2022
			f	f	f.			f
Incoming and endowments		from:
Donations and legacies			914,461	8,853	3,143			926,457
Charitable activities			210,153	967,151			1,177,304
Other trading activities			2,751,108				2,751,108
Investments			12,321	26,014				38,335
Other			5,07&	5,500				10,578
Total			3,893,121	1,007,518	3,143		4,903,780
Expenditure on:
Raising funds			2,708,897	12,689			2,721,586
Charitable activities			337,737	1,671,398			2,009,135
Other			3,765	56	3,143			6,964
Total			3,050,399	1,684,143	3,143		4,737,685
Net gains/(losses) on investments			(11,000)	(2,000)			(13,000)
Net income/expenditure			831,722	(678,625)				153,097
Other recognised gains/(losses):
Actuarial gains/(losses)	on defined
benefit pension schemes			18,811					18,811
Taxation
Revaluation ofproperty
Net movements in funds			850,533	(678,625)			171,908
Reconciliation offunds:
Transfers between funds			(618,494)	618,494
Total funds brought forward			2,640,780	3,358,682	188,210		6,187,672
Total funds carried forward			2,872,819	3,298,551	188,210		6,359,580

Reconciliation of	net income/	(expenditure)	(expenditure)	(expenditure)	net cash flow from operating	net cash flow from operating	activities
							2023	2022
							E	f
Net income/(expenditure) for		the reporting		period	(as per the statement	of
financial activities)							(683,229)	171,908
Depreciation							184,554	154,131
Losses /(gains) on investments							97,512	13,000
Loss/(profit) on the	sale offixed	assets						(5,500)
(Increase)/decrease	in stock						(15,439)	(51,531)
(Increase)/decrease	in debtors						(468,118)	232,882
Increase/(decrease)	in creditors						299,819	(144,077)
Increase/ (decrease)	in provision	for pension	liability				99,000	(52,729)
Net cash inflow from operating		activity					(584,901)	318,084