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2021-03-31-accounts

Reference and administrative
details
Chairman's
annual report
Report ofthe Trustees
Auditors'
report		 17
Consolidated
statement
offinancial		 activities 20
Consolidated
and Charity balance sheets		 21
Consolidated
cash flow statement		 22
Notes to the financial statements 23

Mr S P Garland Chair
Ms. H A Ryan Vice-Chair
Mr J 8Jackson Hon. Treasurer
Mr A D J Royce Hon Secretary
Mr 5 Niven
Mr RWade
Mr J M Wells
Mr A J M Berry
His Honour Judge J R Duggan
Professor Philip James
Mr Mustafa
Desai		 Resigned 240 September 2020
Ms Gemma
Grady
Ms Deborah Shackleton CBE
Mr Satyen Sinha
Ms Joan Hunter Elected at AGM 3"October 2020
Mr John Loder Elected at AGM 3rd October 2020
Mr Iqbal Hasan Co-Opted 20'" January 2021
President Mr C G Davies
Vice President Mr E EJackson MBE
Chief Executive Dr Tom Burditt
Company
Registered		 Number 00731548
Entrust Registered
Number		 025077
Bankers Yorkshire
Bank
44 Fishergate, Preston, PR18BH
Investment
Advisors		 Brooks MacDonald Group pic
No 1Marsden Street, Manchester, M21HW
Auditors
and VAT Advisors		 MHA Moore and Smalley
Richard House, 9Winckley Square, Preston, PR1 3HP

~ The impact ofCould-19 on all areas ofthe Trust's work is under constant review,
Coronavirus -impact on cash flow, particularly
in relation to finances, health and safety ofstaff, volunteers		 and all
funding, people and reserves visitors to our sites, and the wellbeing
ofemployees.
Limited staff remain on furlough
and many others continue towork from home.
Staff have been consulted on hybrid working,
morafe and workload.
~ Business critical services have continued to operate, but going forward changes
to processes will be needed to reflect new ways ofworking.
~ Le a
income is subject to delay because ofprobate issues.

' An external organisation
has been.contracted to deliver face toface
Ecoriemic pressures, co'mpetition,
'		 tfundialsing
to enable tjtif goustart
quiqkly as lockdownsrcome'to
an end. This
-.
and corisume'r
beiiafriaftr chariges
!
impact negatively
on voluntary'		 ' ~ alse mitfgates compliance
isgues with written
fundfaisirig
aereenfents
in place.
Online', member
en'gagement
during
lockdowh'figs
be'qn'jtigh
an'd Ihembeiship
in'corn'e
-		 .. ' retention
rates remain steady.
~ Campaigris
ori fhe importarice
'ofcaiing'for
nature
will beilauric4ed
during,
' 2021 inCreaajngin6ibtsgtfiam
Otehtial
Cpr
tt
td
inmberS
Will be priniitiSed,
CaS5flOW andinCOme gerterqtiun .' s . I
The neW FinanCe DiredtOfrhaS
been reVieWing
interrral
COntrOIS and ideritifying
corittnues to dominate our. current i ' gaps to be filled; Advantage
will be taken offurther 'cajtabiljties
within theinew
risk analysis. Loss ofincome cau'sed . finance system, including
improved
project reporting
arid forecasting. :
by the impact ofCoronavirus
bas
2
added, to potential, incqme, lossdue,		 New sources of income
are always
pursued,
iricluding
innovative
financing
ar'ound. caibon capture. -The new Environment'Bill'.
Ia'ndscape
will provide'many
to Fhariges
in public sector and EU		 . opportunities
areund
bio diversity
riet'gain
and naturebas'edsolutions.
funding Monitoring the development
ofthe Environmental
Lan'tl Management
Sche'me
continues.
The rlew Commercial
Director'has
introduced
a new back to basics approach
on
.catering and retail, alongside close monitoring
ofsales;sperids
and cost control
'
which has increased profitabi
and this facus will continue
1'
Attracting,
developing
and . '.
retaining talented
staff, combined
withtherelianceonsignifficant,
levels ofstalw'art
volunteer
support		 .
'		 The focus w'ill c'ontinue
on staff and volunteers
post lockdown. Volunteering
is
b'eing re-introduced
slowly'to
ensure health and safety issues are covered. New
ways, ofworking for staff are', being considered
for th'e mediufn. term. ,
',
:.' .. '.
. .
; " nn
'r
'Our, 'brand
in 'the recruitment
marketplace
is,good
and the trust
generally
atti acts a good range ofapplicants.
iWork
has
begun
on
Equality„Diversity
and, inclusion
strategies
for staff
volunteers
and beneficiaries to broaden
our res'ch,and inclusivjty.
A -job evaluation
panel 'will, jse condqpting
a review
of. internal
.bands
and
benchmarkirig
against comparable
organikations.
:
Employee well-being
will be afocus for 2021/22 in view ofthe impact ofthe I'ast
12 month'.
Child welfare/Safeguarding
vulnerable
persons		 of a
~		 . There, rernairis
a trustee, with
specific. responsifsility
for Safeguarding,
and
Council receives an annual
report covering incidents, actions and training.
A stand-alone
Safeguarding
committee
has been.established,
alongside
a
'- Safeguarding
lead
officer
and
deputy.
Safeguarding
refresher
training
is
currently. takirig place and diarised for the next 6months.
~ The Safeguarding
policy has had a 12-month
review
and updates
agreed
b'y
Council.
~ Risk assessments
are now well established,
alorigside. a reporting
system
for
. concerns.
Climate change undermines habitat Susceptible
hahitats
identified
and significant
imp'acts are being managed
as
management
ba'sis		 far as possible.
~ Working with partners,
such as the Environment
Agency on areas prone to
flooding.
Ready to respond to issues arising, e.g. increasing
numbers
offires on
'
peatlands.
Some success in developing
legacy funding, e.g.for MyPlace.
Successful challenge-funded Project managers
continue to try to identify'options
for further partnerships
to
projects fail to develop legacy continue significant
projects. Culture ofcontinuation
and looking to the future
funding
and end.		 Key contributions continues,
but Coronavirus
has diverted
funding
away from the environment
to LWT's activities cease. towards health-related
issues.
Multiple
lockdowns,
anti-social
behaviour
on reserves
and furlough
have
all
Insufficient
capacity to		 deliver impacted
on capacity and staff wellbeing.
Normal tasks are being re-formulated
strategy/business plan objectives. and prioritised to ensure they are realistic in the new environment.
Excessive workloads
&		 Impact of ~ Work has begun on the new 2021 5-year strategy
and this will result
in clear
Coronavirus ob'ectives to take forward
in the "new normal".

Income and endowments from:
' Donations and legacies 1,125 348 ' 'L
eg7$		 ' 1,342
Charitable
activities		 2,72$ 3,330 3,769
Other trading activities 68$ 688 1,127
Investments 22
Other 528
Total
Expenditure
on:
Raising funds
Charitable
activities		 7
8		 1,074
990		 67
3,234		 4
24		 1,145 .
.1,7$7
"'4,2484,423
Other ,9 42 42 43
Total 10 2,106 3,$01 29 SWB ' 6,253
Net incoming /(outgoing)
resoyrces
Before other recognis'ed
gains &losses
Net (losses)/gains
on Investments
Net Income / (expenditure)		 308
.0
$33308		 ~
(29)
.
607
0;
5
',(29),612		 . '
7
(15)
(8)
Transfers between funds
Net movement
In funds		 $33308 (29) 612 (8)
ReconciliatIon offunds
Total funds brought
forward		 978 $0r89$ 673 12$26 122$4
Fixed esse'1st
Intangible
fixed assets
Tangible fixed assets		 14
15		 50
6453		 58
'
.
'
If&
7,386,6&&2%		 58
'
.
'
If&
7,386,6&&2%		 58
'
.
'
If&
7,386,6&&2%		 tf&
':yd&8&		 tf&
':yd&8&
Heritage assets 16 5.133 $.1$3 . .))42533&18&
Investments- 17
Total fixed assets 10~5. . '
20,79IL		 ~0 %8 20&F62
Current assets:
Stocks 19 16 $2' 0 3
Debtors 20 949 1,$42 904 1,281
Cash at bank and ln hand 2,287 962. 2,268 947
Total current assets 3,252 2&336, 3172 2,251,
Uab&ltles:
Creditors: falling due within one year ':RiL )909) )793j {871) (BSB)
Net current assets 2,3431,543 2,300 1,$75
Creditors: falling due after mor'e than bnb year 0 (107) 0 t107)
The funds ofthe char&y:
Endowment
funds		 24 644 678 644 . 678
Restricted funds 84 . 10,883 Xf)+V& 20&&&5 10&575
Unrestricted
funds		 .24 1 28 .878 'LAE82 &52
Cash flows from operating activities:
Net cash provided by operating
activities'		 29 1,619
Cash flows from investing activities:
Dividends,
interest and rents from investments		 5 4
Purchase ofproperty,
plant		 and equipment . (246) (995)
Purchase ofintangible
assets		 (53) (16)
Sale ofHeritage Assets 25
Net cash used in Investing activities (294) (982)
Cash flows from financing activities:
Loan repayment ' (75)
Net cash used In flnandng activities (75)
Cash and cash equivalents at the beginning ofthe reporting
period 962 1,706

2. Donations Donations and legacies
Merpbershlp 951 951 956
Donations 106 454 242
Legachss : 31 51 111
Donated goods and services 3
Other, 3 3
3. Charitable activities
.Bsargfs 260 2/51 2,721 2422
Ptfm'sfifr, i10 0'sdt Efgdlffg 342 267 609 942

;:52githdi@Tffsifbfdgfitre
Visitor;:,		 62st, 655
,
efitdpajte@		 4 '4
8iplt jfnd f0fdhifgaa 12
AS
Investment
income
24

grockholes visitor centre 609 609 1594
Membership recruitment 79 81 229
Marketing and advertising 367 406 425
Other 19 49 39
Operations and people 221 1,546 10 1,777 1,774
engagement
Conservation 651 811 10 1~72 1&420
Education 118 877 4 999 1.229

s
Operations aad pedple- ' gr777 +774
engagement
Cense'rvation',		 1,316 1S7 Rd)72 "
Education 929 70

RSE(fTlevy 42 42 41
Loan:ldthrest

Raising funds Raising funds Igig, 1,150 27787
Operations and people 702: 1,781
engagement
Conservation 889 660 151 'Sl470' 1r420
Education 68S 259 67 11014 11229
Other .42

Eh)crise ga . a)7i . (gf
Htp)tt(FLT(65vugfteg 26 Z1 'SII
'78		 (gf
lfriane~tgtt
6@ier'Ranci
prengsgs		 2(1
8
7		 86
16		 61
"6
56		 ,56
4Ni
15:162
7,44		 (2)
(2)
(1')
(i)

Sa)sr(es arid wages gr'55'4
Redundancy
payments		 0
sacral security costs ' 558
Other pension costs 825
Operations and people engagement 87 48
Conservation ?5
Education 85
Fundraislng 54 '12
Brockholes visitor centre 88 46
Management and administration :15 16

COSt
At'1» April 1029
Addhtoos
Dhpeseta
At 31"Morah 2821
Dpprogtdtiort
At te Aprii2020 10
Chargts fdr', yeo 8
DtspostIIS
At htd tcgorph 8082 18
Cost
At 1OApdi 2028 54
Additlore
0hposais
At814Morch 2818 54
Depreciation
At 1oApril 2018
Charge foryeai
Dhposals
At31» Mereh 2818 12
Net book value
At 31"March 2020

pit4: 2(prlf2020 44%((8' ' Btpt '1~ 2rg)28$
sra(l)f8Stns bi 2T2 5'8
'
9(spiders [sl' (18) (18)
AE82",Qaith:2022
Ogprpc)fg)op
At 2"Apjsf'2020 227 Sr150 8s872
Charge fbr'yggr 67 '69(7
Bhppspls (5) (13) (18)
At 829i@arch2021 4,969 1,204
Net book value
At 32"IWifbi.2020
.At1nApril 2028 11,606 803 1,173 28,982
Afh(itipns 81 .22
Rispesals
Atgge. ggarch 2822		 ' 11,886 (8) .:(18) rse
28s627
Erejres(at(00
.At2"'Ahv(82020 rfsf(85 1,023 Sa788
C@ergefegyaar 474 47 568
9hpesA. (fe}
Atgg".Sgar(gt 8822 4,9'85 1,888 6,288
Net book value
At 31» March 2020

Cost brought forward 8,188 4784 2F778 2,778
Purchases
in year		 888
.Dipgoglip:IAtsMr 688)

Market value at 1"April Market value at 1"April 2020
Additions 887
MOvernent in valuation from investment management N
Collective investment funds 482
Cash held as part of the portfolio awaiting re-investmant 7

r
Fundh (nvtjsted ln UK Sgd
Funds tnvegted outs(de UK 98::

Tulrlovef 522
Out(tgtjt(COTITR
Tpgal lttepmtt.
Ovefhea((a		 68
(g»)		 gd2(s
(T,~)
Ltfsskeyote. fftFRNit . (gs}
(bteFNt pay'a(ffe / receivable

Trade debtors
prepayments and accrued Income
Other debtors
Amounts
due		 from subsidiary undertaking
Group Charity
Trade creditors 370 232
Social segurrlyand other tages :N 56 $6
Accruab and deferred income ' !I,ygi f@' 132 301
VAT 26 28
Other Creditors ' .'646: 61 24% 61
Loan due to RSYYT '9. 0
Amounts
dwed to		 subsidiary undertaking 0

Group CharIty
Deferred income et 1April 6 34
Released from previous years (6) (6) (34)
Resources deferred in the year 6

tfn'~ tfn'~
' tsaenefd)', fbagdh 978 2,434 ,f9446) —. ' ' '6 1.$11
Restricted
Raising funds 288 .40 'fN'). 261
Operations
engagement		 and people :Sr$$7 fg)969? 9,094
Conservation 872 .%,*018: '(8'l1)' 1,079
Education 112 -131st . ,(f)7% '
3,609 '@,gt)1) . =
-0		 10,8$$
Endotpfnent
211
Permanent endowment
funds
Expendable endowment 4$3
funds
Qigetal ft0LCh 1,919 3,$91 fg.ggs)) 978
Restricted
Raising funds l66 fW?
Operations
engagement		 and people 9816 9,'$92 f4rs15) 9,30$
Conservation ,f382) 872
Education .(¹3) 112
tsse sass f2? 10,111
Endowment
Permanent endowment 211
funds 211
Expendable endowment 501 (28)
funds {115 462
712 (28) )2S) 673

752 2r851 L232
Restricted
Raising funds 388 80 '(88) 261
Operations
engagement		 and people 9,503 ga837 I{%,"845)} 9,094
Conservation lr818 :l(ii1) 1,079
Education 1'1'2, 1,218
'
ears nsu !(LEANT s 10WS
Endowmerit
Permanent endowment 211
funds
ERPendabte endowment
funds 433
(38)
(2,6(3)) 0 752
Restricted
Raisins funds 166 1tt8 288
Operations and people 9,416 1s5@ 9,303
engagement
Conservation 453 N3) 872
Educattbn 120 785 '(883) 112
'gr665 '484865) . 0 8 10,S75
Endowment
Permanent endowment 211
funds
Expendable endowment (28} (15) 462
funds 712 4 ~28 ~15 673

Intangible
Axed assets		 .58 '
Tangible fbted assets :8,$6'4 f(,888:
Hefitage essetS 8526 3.288
Investmertts 246''
Net current assets :558 '2'l68 .'8PJ4: 'lr848
Long term liabilities 0 '(207j
Group
intangible
fixed assets		 .88 '$8
Tangible fixed assets '287 EEI8
Heritage assets . 846 222 .Sc288. .R,Vvfg
Investments
Net current assets		 228
29		 828
ge848		 '~7
Long term liabilities (207) (1071 (208)

Intangible
fixed assets
Tangible fixed assets 7?, g,gs(g 7sggg
Heritage assets ?„576 222 B135 32133
Investments ,318 BES
Net current assets .S27 1'1 '24322 Xrg?S
Long term Iiabllgges i(207)
Charity
Intangible
Fixed Assets		 I(7
Tangible f)xed assets .55' '7;;i@2
Heritage assets gtg78 . .St@S' 2777B
investments 22B
Net susrent asSets BY! fgW 2r7()g
Long tenn liabilities (i'); (2))7J. @()8,

Etta~at
Wltttln 1year B g
Between 1and 2years 2 2
Between 2and 3years 1 2

Depreciation
and amortisation
Loss on dispose( oftangible fixed assets,
Losses/(gains)
on investments		 tg) 10
(Increase) / decrease in stocks g'6 (gggj,
(Increase)/decrease
in debtors		 ,(80};
Increase/(decrease)
in creditors		 '92.7

Income and endowments from)
'
Donations
and legacies
Charitable
activities		 1,202
1,244,		 . 140
2,525		 1,342
3,769		 1t279
3,632
Other trading activities 1,127 1,127 1,145
Investments 18 22 6
Total 3581. . 2665 4 6260 ' 6062
Expenditure
on:
Raisingfunds 1,767 16 4 1,787 1,630
Charitable
activities		 1,824 2,575 24 4/23 3,991
Other 43 43 43
Total 3,634 . 2591 28 6r253 . . 6,664
Net Incoming /'(outgoing) resources
Befo're other recognised gains and
losses (43) 74 (24) 7 -398
Net (losses)/gains
on Investments		 (15) (15) 10
Net expenditure 74
Transfers between funds 2 (2)
Net movement
in funds		 (41) 72 (39) (8) 408
Reconciliation offunds
Total funds brag, tforward 712 82r28'4 21s826