# ## |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<les:|||||||| |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|