**REGISTERED COMPANY NUMBER: 00773995 (England and Wales) REGISTERED CHARITY NUMBER: 230772**
**REPORT OF THE TRUSTEES AND**
**CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
**FOR**
## **NORTH WALES WILDLIFE TRUST**
Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
**NORTH WALES WILDLIFE TRUST**
**CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 17|
|**Report of the Independent Auditors**|18 to 21|
|**Consolidated Statement of Financial Activities**|22|
|**Consolidated Balance Sheet**|23|
|**Charitable Company Balance Sheet**|
24|
|**Consolidated Cash Flow Statement**|25|
|**Notes to the Consolidated Cash Flow Statement**|26|
|**Notes to the Consolidated Financial Statements**|27 to 46|
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. Trust nature reserves are open to the public and information and educational resources are promoted at the range of shows and events that we organise and attend. Volunteering opportunities and our events are open to all and a wide range of people get involved in response to our website and local promotion. The community and education projects support local people in creating wildlife-friendly greenspace and better opportunities for wildlife throughout the region. Specific activities are designed to reach less traditional sectors, such as ethnic minorities, those recovering from illness, ex- and youth offenders, company staff and local residents. The Stand for Nature Wales project involves young people from a variety of backgrounds. Members and the public are invited to our activities, which include social and educational opportunities to build local groups of informed, vigilant and environmentally-aware citizens. Many events are designed to inspire people about the natural resource on their doorstep and encourage them to be involved. Our work with schools, on nature reserves, on the coast, on their land and in the classroom engages all sectors of society.
## **Our Vision for the Future**
The Wildlife Trusts' (UK) strategy 2030 is now adopted, and we have now published Bringing Nature Back - North Wales Wildlife Trust's Strategy 2030.
Our vision is of a thriving natural world, with wildlife and natural habitats playing a valued role in addressing the climate and ecological emergencies, and people inspired and empowered to take action for nature.
To achieve this, we have 3 goals, aligned with those of The Wildlife Trusts.
- 1: Nature in North Wales is in recovery, with abundant, diverse wildlife and natural processes creating wilder land and seascapes where people and nature thrive
- 2: People in North Wales are taking action for nature and the climate, resulting in better decision-making for the environment
- 3: Nature is playing a central, valued role in helping to address local and global problems
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Action for our seas and coast**
We continue to provide a voice for wildlife along our coast and sea and have increased our capacity this last year to help counter unsustainable activity in the marine environment through the employment of a Marine Planning Officer. With invaluable input from the Marine Advisory Group we are working with developers to influence large scale tidal energy schemes such as Morlais and offshore wind projects such as the Awel y Môr extension, Morgan and Mona. Our involvement in the Seagrass Ocean Rescue project sees us working with young people and communities in Ynys Môn and Pen Llŷn to plant 10ha of seagrass. Shoresearch, our intertidal Citizen Science project, is upskilling our dedicated volunteers to monitor coastal designated Marine Protected Areas and has also shown its strength in helping to determine the distribution of marine invasive species in the area. Our involvement in Project SIARC sees us providing valuable data to help monitor North Wales' shark, skate and ray species and we continue to provide engaging events and activities to help showcase our incredible coastal and marine environment.
## **Nature reserves**
As the world emerged from the Covid-19 pandemic the tremendous amount of work done on our nature reserves continued. Here with give a small snapshot of the highlights. There was a key staff change in the Nature Reserves team as Rob Booth left us to work with Natural Resources Wales (NRW) and was replaced by Luke Jones. Our skilled volunteers continue to play a major role in ensuring that are reserves are effectively managed and providing the foundational building blocks for nature's recovery.
## **Anglesey/Bangor**
At Cors Goch all the firebreaks on the fen and heaths were cut and another four sections on the fen cut to increase species diversity. Trees were planted to enlarge the woodland and improve connectivity both within the reserve and onto neighbouring land. Fencing was completed at Mariandyrys, enabling a return to cattle-grazing, and we continued to remove the invasive Cotoneaster. There was a very successful season at Cemlyn and an estimated 1,700-1,900 Sandwich tern chicks fledged successfully from 2,200-2,400 nests. An estimated count showed that Arctic terns outnumbered common terns for the first time for many years. Arctic tern pairs were estimated at 240-260, and common tern pairs were estimated at 120-150. One of the other highlights was a black tern visiting the reserve for two days in June. At Porth Diana, spotted rockrose had a bumper year with the highest count since 2009 and Porth Diana is holding approximately 10% of the Wales population.
We took on the management of a woodland neighbouring Eithinog in collaboration with a local primary school who will use it for Forest School activities. Work parties involved members from the local community and scout group. At the Spinnies, Aberogwen, monthly work parties continued to ensure that the reserve remains attractive to wildlife and the public alike. Regular guided walks introduce people to the site and its surrounding area from which new memberships to the Trust stem.
## **Conwy**
We spent much time over the winter with our local volunteers, expanding and maintaining Bryn Pydew's limestone grassland glades, and improving habitat connectivity by widening woodland rides between them. Bird boxes were installed in the relatively young woodland to provide more nesting opportunities. Improvements have also been made to the path network.
At both Rhiwledyn and Gogarth, scrub was cleared to maintain and expand the limestone grassland, and control invasive species, primarily Cotoneaster. Rhiwledyn saw one of its highest counts of spiked speedwell.
Further work was completed at Cors Bodgynydd to maintain the open wetland habitat through felling conifers and pulling saplings. The Carneddau ponies have improved the wetland structure and work has begun on infrastructure to allow grazing in the reserve's middle compartment. At Blaenyweirglodd old piling dams were repaired and extended, and four new dams constructed, to help improve the condition of the peat bog. Work continued to keep the peat clear of scrub, and dense tussocky grass was mulched to allow for the introduction of conservation grazing.
## **Gwynedd**
At Cors y Sarnau we continued our wetland restoration project, with the installation of a bund to help raise water levels on the former Coed Ty Uchaf conifer plantation and the creation of four new ponds to provide habitats for invertebrates.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
At Coed Crafnant, we carried out lichen and bryophyte surveys, and a woodland condition assessment to improve our understanding of the reserve. Tree protection fencing was installed on the ffridd to help the temperate rainforest expand.
Small areas were cut across mature heathland at Gwaith Powdwr to improve habitat structure and diversity, and firebreaks maintained. Trees were planted across the reserve to improve habitat connectivity for the woodland dwelling lesser horseshoe bats. Invasives, primarily Buddleia and Rhododendron were controlled by staff, volunteers, and rope-access contractors on the cliffs. A memorial was installed to commemorate workers of the former explosives factory.
Fencing was fixed at Traeth Glaslyn to allow continued cattle grazing. Caeau Tan-y-Bwlch had one of its highest counts of greater butterfly orchids with 6,849 counted. Coppicing of the wet woodland continued at Morfa Bychan, and the dune scrapes were maintained to stop marram grass taking over.
Around the financial year end, we purchased 178 ha of upland, wetland and lowland at Bryn Ifan, Clynnog Fawr. The funds to acquire the land were in our account before 31st March, while the purchase was made after the year end. This provides a unique opportunity to enhance and bring into wildlife management a significant and iconic landscape developing a large-scale nature restoration project in North Wales. The purchase was made possible through help from a long-term partnership and major donation from Aviva. Bryn Ifan will contribute around 80 ha of woodland to help restore and expand Celtic rainforests as part of a Wildlife Trusts Programme across the British Isles. The purchase and long-term future are also supported by a public appeal to enable us to improve internationally important wetlands to help rare species such as the rare marsh fritillary butterfly, and restore wildlife through agri-ecological techniques.
## **Denbighshire**
At Aberduna, scrub and bracken were managed in areas to preserve the limestone terracing and calcareous grassland for the many butterflies here. Ponds were monitored and managed for amphibians, while new habitats were created for reptiles and a new area of hazel coppice was opened up in the woodland. Building on the previous year, improvements were also made to the major footpaths. At Coed Cilygroeslwyd wild daffodils benefited from woodland management to remove encroaching brambles and create gaps in the woodland canopy, while scything of the grassland gave limestone woundwort the opportunity to flourish. At nearby Graig Wyllt volunteers maintained accessible footpaths through the woodland, erected a new sign and created habitat piles for wildlife following tree safety works.
The management of Gors Maen Llwyd continued to involve grazing, heather cutting and Sitka spruce control. Review of the controlled sheep grazing indicates grazing levels are about right, but that sheep focus on open areas neglecting to push through dense heather clumps. Experimental cattle grazing in fenced-off compartments is being investigated but presents practical challenges. Heather cutting helped us diversify its structure, create new lekking sites for black grouse, and maintain firebreaks. We have partitioned the reserve into sections to manage tree growth on a cycle, preventing new tree establishment and removing older ones, thus improving the heathland habitat. Grouse and adder monitoring continued along with extensive site mapping on GIS (Geographic Information System). This is a critical feature of the Denbigh Moors, and is managed alongside our neighbouring landowners (Dwr Cymru) and their agents on landscape-level projects and in partnership with the Brenig Osprey project.
The key focus at Maes Hiraddug continued to be grassland management, together with minimal tree safety work. Volunteers spent several sessions "tree popping" scrub, and more successfully, digging out lengths of pernicious root from oft-cut rose, blackthorn and bramble. The field was cut and collected by Enfys ecology. Ragwort pulling was done prior to the expected grazing, but the grazier pulled out so we are in discussion with new graziers for the coming season. We installed 2 new entrance signs.
At Y Graig, we supported our neighbour who controlled bramble and bracken on the grassland areas, and grazed them with a small sheep flock. Volunteers coppiced hazel, cut back scrub from around the cliff facing and kiln, erected new entrance signs, brushed up and made safe wind-blown damage to large beech trees, and maintained the fence-lines.
## **Flintshire**
We opened up the hedgerow on the southern boundary of Coed Trellyniau, and filled gaps with hazel from our tree nursery. We installed 2 entrance signs, and made safe, unsafe trees.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
We carried out woodland condition assessments to inform future woodland management, and dealt with unsafe trees on the following Flintshire sites:
At Big Pool Wood, we expanded the area of tree thinning and woodland floor management to encourage wildflowers, and continued with bird feeders and hides which are enjoyed by the public. We improved the access track around the perimeter for vehicles and parking, and improved the boardwalk with non-slip surfaces. Reed-cutting was carried out both for wildlife and to improve wildlife-watching.
At Coed Y Felin, we maintained fencing and steps. Squares of turf were removed and seeded with Deptford Pink, and the site's population were surveyed. Grazing was re-initiated in the western field with three cattle. We attempted to sheep graze eastern fields but the grazier was sadly discouraged by dogs off lead. Our INNS staff controlled Himalayan balsam from Coed y Felin to Rhydymwyn.
At Y Ddôl Uchaf, we replaced the dormouse boxes ready for a fresh round of monitoring, and installed 15 new bat boxes. We replaced an old foot bridge, repaired others, constructed an outdoor lean-to on the main building and erected three new entrance signs. The footpath around the ponds was improved, we thinned the vegetation in the ponds, and scythed and raked off grassland around them. Grass of Parnassus and amphibians were monitored.
## **Wrexham**
Marford Quarry benefitted from a Landfill Disposals tax grant funded project, known as Marford's Magnificent Minibeasts. This allowed us to make this wildlife haven an even more spectacular place for invertebrates and for people with a whole host of habitat management work carried out, as well as new interpretation in the form of information panels, access infrastructure and enormous chainsaw-carved sculptures! Several successful events were held to engage with the local community, including guided dog walks, art workshops, Welsh learner walks and bug hunts. At Minera Quarry works were underway on a new Landscape Enhancement Initiative project, to make the site more accessible for visitors, and enhance the reserve's value for a broad range of wildlife including reptiles and amphibians, promote the limestone grassland flora and manage woodland through the creation of glades. Further major works are currently being planned to enhance the reserve in the coming year. At Pisgah Quarry routine work continued, while a hay cut was taken at Old Pulford Brook Meadows and cattle grazed the reserve, helping to maintain the rare floodplain meadows.
## **Saving Species and Habitats & Standing Up for Wildlife**
GIS mapping of Living Landscape and INNS project work was undertaken, and opportunity mapping was carried out for the Alun and Chwiler Living Landscape area.
## **Leadbrook Wood**
Our joint campaign with Stamp Out the Red Route, to stop the proposed Deeside corridor 'Red Route' link road, in Flintshire, was successful. We are hugely grateful to everyone who took part in our campaigning through 2020 and 2021 which succeeded in getting our message to the Welsh Government, elected representatives and all election candidates. We are confident that our campaign contributed significantly to the Welsh Government's decision to hold the Road Review and support the recommendation to scrap road proposals and introduce far stricter criteria for the building of new roads in the future.
## **Net Biodiversity Benefit (NBB)**
Our report that discussed the impacts of development on biodiversity and potential measures that could be employed to mitigate for its loss was shared with the Welsh Government and local authorities in North Wales. We are now working on developing a project with Conwy County Borough Council to investigate the processes and requirements for achieving Net Benefit for Biodiversity through development, which we hope will lead to clear guidance for local authorities and developers in Wales.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **Control of Invasive Non-native Species (INNs)**
We surveyed over 40km of riverbank for INNs on the River Dee, between Corwen and Newbridge including the use of eDNA sampling for aquatic INNs. Himalayan balsam and Japanese knotweed were managed on approximately 115km of the banks of the River Dee from Bala to Newbridge by contractors, volunteers and INNS staff. We also successfully trialled conservation grazing of sheep on Himalayan Balsam. On the Afon Alyn we managed Himalayan balsam along approx. 10km of river bank, and we managed over 30 Japanese knotweed sites across North Wales. Volunteers and contractors treated Cotoneaster on 15 Sites of Special Scientific Interest (SSSI) from Conwy to Mold. To help us achieve this, we provided training for over 20 people for pesticides, brush cutter-use and river safety. We launched the Ecosystem Invaders project to increase awareness of INNS and biosecurity across Wales. Our Invasive Species Toolkit was produced with information on: INNS in Wales, best practice management, project planning, biosecurity and awareness raising. The Cotoneaster project launched the Plant Swap Scheme which aims to reduce its spread of onto N. Wales' extraordinary limestone grasslands. Participants are encouraged to remove Cotoneaster from their gardens and replace them with a wildlife-friendly alternative.
## **Swift Conservation**
We installed swift boxes for the Snowdonia National Park Authority (SNPA) in Bethesda, Bala, Tanygrisiau and Penrhyndeudraeth, and consulted on swift provision/protection with Lidl UK, Aldi, Adra, Grwp Cynefin, Williams Homes and Wrexham and Conwy Councils, as well as 27 individuals/organisations across the region. Surveys were done in Menai Bridge, Llanrwst and Holyhead, talks in Bangor, Tregarth and Benllech, and we had a swift stand in the Building Greener Futures conference. Funding was applied for to Zephyr and Swire Charitable Trusts (latter successful), and RSPB and BTO were liaised with regarding research work. There was an article in Wild North Wales, and a broadcast on Radio Cymru. We placed around 100 swift boxes in Flintshire.
## **Welsh Beaver Project**
The WG/ERDF funded Dyfi Catchment Natural Restoration project continued, and we ran consultation activities to support a licence application to release beavers. This was done via site visits, local events, national shows, meetings, presentations, workshops (including online) as well as via public questionnaires. Students from the University of Bangor and George Mason University, Virginia, USA, assisted us with studies on attitudes towards beavers and reintroductions in Wales, and we employed the University of Exeter to run a Wales-wide survey of attitudes towards beavers in Wales. We continued training and informing volunteers and key organisations about beaver management. At the Montgomeryshire Wildlife Trust's Cors Dyfi beaver enclosure we assisted in monitoring work involving students from the Universities of Aberystwyth and Bangor and trialled beaver watch events. We employed K9 consultancy to train dogs to detect beavers. We delivered educational school visits and commissioned Lafan to produce an online beaver educational toolkit for primary schools. We continued training and educating volunteers and other stakeholders in beaver management and have been expressing to Welsh Government the need for legislation to protect beavers in the wild. We secured funding from Nature Networks #2 to continue the project until March 2025.
## **Limestone Woundwort**
We surveyed the status of limestone woundwort at the Glyn Diffwys SSSI, undertook some management for the species and reported to the Trunk Road Agency.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **Living Landscapes**
## **Alun and Chwiler Living Landscape**
The 'Restoring Resilience to Welsh Woodlands' (RRWW) project continued our work to restore and reconnect habitats in the Alun and Chwiler Living Landscape, working with over 100 farms and landholdings. It also allowed us to carry out habitat enhancements and improvements for visitors to our woodland nature reserves. Through our partnership with the Welsh Dee Trust, the project assisted 9 farms by providing soil health reports and/or farmyard assessments to identify potential pathways of agricultural pollution reaching the River Alyn. Following these assessments, 3 solar powered pasture pumps were installed where we fenced off sections of the River Alyn and River Terrig from cattle. We also provided increased slurry storage to ameliorate potential pathways of pollution into the River Cegidog. We renewed our Continuous Cover Forestry Memorandum of Understanding with Natural Resources Wales at Coed Moel Famau and established a further Marteloscope training course at Coed Fron Drain, a farm woodland adjacent to Coed y Felin nature reserve undergoing "Plantations on Ancient Woodland Sites" (PAWS) restoration as part of this project. 46 woodland owners, contractors as well as NRW officers, and 34 forestry students were trained in continuous cover forestry at Coed Moel Famau and Coed Fron Drain. Woodland management was delivered across 15ha on private farm woodlands, as well as 8ha of restoration management on a plantation on ancient woodland site. "Bioblitz" events were held at Big Covert woodlot PAWS site in June 2022. Over 600m of hedgerow were restored by wildlife hedge-laying and new planting, over 2 acres of new woodland and orchard were created, and 46 acres of hay meadow were restored across 7 landholdings. The RRWW project provided funding to develop our tree nurseries at Aberduna, Gwaith Powdwr and Cors Goch. Aberduna tree nursery now has a plant passport and has started selling locally sourced and grown hawthorn to a local garden centre.
## **Wrexham Industrial Estate Living Landscape (WIE LL)**
With funding from Welsh Government (WG) Landfill Disposals Community Fund and WG/ European Regional Development Fund (ERDF) Cadwyn Clwyd Funding, and our own funds, the WIE LL Project continued to promote biodiversity in and around the Estate. A 200m hedge was planted outside Rowan Foods to connect habitat from one side to the other. At Village Bakery's Erlas Black Wood a 230m extension loop to the existing path in the wood was installed and three ponds managed. At Marchwiel Marsh a bird viewing screen was constructed, access improvements made and habitat work undertaken. At Hoya Lens, areas of scrub were cleared to increase the area of wildflower meadow available for native species. 50m of hedging was also added to the existing hedge and access management continued. 50m of hedging was added to the existing hedge at Francis Lane and gaps were filled. Holt Car Park has a seating area created and an area nearby was seeded with wildflowers and sedum turf. Redwither Brook path was opened up and surrounding wildflower strips were managed. The Spatial Green Network Plan produced under the WIE LL Project to highlight priority habitat corridors for great crested newts and other key species is now being used by Wrexham County Borough Council Planning Department to inform the siting and design of new developments.
At Cefn Mawr, Wrexham, we were employed by the Community Council to deliver a Lottery funded project to enhance the local area for wildlife. Working at several locations we created and managed wildflower meadows, undertook woodland management and species enhancement, erected signage, created an edible woodland plant slope with wild garlic, wood sorrel, and borage, planted a 50m hedge, erected swift nest boxes and house martin cups, improved visitor access and led 4 guided walks to show the community the wildlife on their doorstep.
## **Wildlife Trusts Wales and The Wildlife Trusts**
The collective strategy of The Wildlife Trusts movement has bedded in, with a very collective ambition to address the crisis of nature in a concerted way. Our staff are contributing to, and learning from UK-wide strategy groups including improving the terms and conditions of staff, and enabling community organising. To help demonstrate the demand for action and our impact, we are developing a common GIS platform. Priority collaborative work in Wales to enhance nature's recovery and engage with the public included the shared youth Stand for Nature project, the impact of marine renewables, and influencing the critical role the farmed landscape has for nature's recovery (for instance through the Sustainable Farming Scheme, and the Agriculture (Wales) White paper 2021). We are represented on the new Net Zero by 2035 challenge group led by the First Minister, where we will be promoting the value of nature-based solutions to climate change. We were pleased that the Rural Affairs Minister announced the retail sale of peat in horticulture will end in Wales, but frustrated that there is no date by which this will take place.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **People in North Wales taking action for nature and the climate**
## **Inspiring ourselves and others**
Our annual winter beach clean event - Plast Off! proved to be a huge success once again. Not only in its ability to inspire and bring people together in a display of community action for the environment, but also in its broad appeal to different audiences. Taking a lead role in organising the event were members of our newly formed 'Ocean Rescue Champions', a group of young marine ambassadors who have been recruited from across Anglesey as part of the Seagrass Ocean Rescue project. We've also continued to work with dedicated groups of local volunteers at both our Bangor and Aberduna offices, to develop and maintain our flourishing wildlife gardens - the hope being that we can provide more opportunities for public engagement in these spaces in the coming year.
## **Education and citizen science**
We've brought different generations of conservation volunteers together through our monitoring of key species on Anglesey during the past year, a great example of this being the chough surveys that were delivered with a group from Cymdeithas Edward Llwyd and young people from our 'Môn Gwyrdd' forum. We've continued to build confidence in outdoor learning amongst teachers in the region through the delivery of our Learning Through Landscapes training courses, and have also supported ten primary schools in their efforts to improve their spaces for outdoor learning, wildlife and food production thanks to funding from the Jonathon Yeardley Fund and the Edina Trust.
## **Empowering communities and individuals**
Through the Stand for Nature and Next-door Nature projects we are championing youth voice and empowering communities. We now have two staff members and one key volunteer who are accredited Community Organisers, and they will help to roll-out these principles to all of our work as we make our way to inspiring 1 in 4 people in North Wales to act for wildlife. We also have a number of staff who are actively engaged in Wildlife Trusts Wales' new Welsh Language Network, which is helping to develop a more coherent approach to Welsh language engagement and promotion by all of the Trusts across Wales.
## **Volunteering**
The volunteering element of our work continued to thrive throughout 2022 -23. The total number of hours given by over 485 individual volunteers and 256 corporate and group volunteers was an impressive 23,897 hours. This represents a 23% increase on our 2021 -22 volunteer figures. More volunteer work parties took place out on our nature reserves and as part of our Living Landscape and Living Seas projects, and our shops at Breakwater Country Park and the Great Orme were able to re-open once again. Whether you were bracken bashing, fixing fences, searching the shorelines or helping out in our offices or shops, we really can't thank you enough!
## **Nature playing a central and valued role in helping to address local and global problems**
Humanity is facing multiple challenges from the collapse of natural systems, and a warming global climate. We have a role in raising awareness about how nature can help society address these challenges and drive positive change. All our work to improve and expand wildlife habitats on land and at sea is helping to restore ecosystems, so that natural habitats can sequester carbon, help prevent flooding, reduce soil erosion, improve soil fertility, stabilise global temperatures, provide pollination services and improve human health and well-being. Our new strategy puts diversity of people central to our mission. Society's problems require innovative thinking, and this will only come from bringing people together with different backgrounds, beliefs, experiences, ideas, and outlooks. This requires us to become more inclusive in our work, and trustees and staff are working hard to ensure Equality, Diversity and Inclusion is a way of being. In the year, this was partly borne out through our new partnerships with Asylum Link Merseyside, NACRO, Boots on the Ground, and Man Coed VM - which have allowed us to work with passionate volunteers for whom the opportunity to work in nature provides increased confidence and personal fulfilment, while we are learning different ways of viewing the natural world and its challenges.
Wildlife restoration projects which are also especially valuable in sequestering Carbon include peatland restoration at Cors y Sarnau, seagrass habitat expansion, and woodland restoration. Through the acquisition of Bryn Ifan, we took our first steps as a partner in the Atlantic Rainforest Restoration Programme; a 100-year vision to restore the lost temperate rainforests to the British Isles thanks to a long-term commitment to nature-based solutions by Aviva. The expansion of British rainforests provides huge potential for storing carbon, and restoring nature. To support this work, Wildlife Trusts Wales are also leading on developing a Celtic Rainforest Alliance in Wales, with partners, including RSPB, Woodland Trust, Plantlife and Snowdonia National Park Authority.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
Through Wildlife Trusts Wales, we entered into a new partnership with Climate Cymru, with our focus being a call for a Nature Positive Bill, which seeks statutory nature targets and a new environmental protection agency. We've called for our local authorities to publicly recognise the ecological crisis and to build robust responses into their strategic plans. A 'climate and ecological emergency' has been declared in Denbighshire and 'climate and nature emergency' in Gwynedd; whilst authorities in Conwy, Anglesey and Wrexham have declared 'climate emergencies' and Flintshire has a 'climate change strategy'.
|**Mitigating against climate change**|**Mitigating against climate change**|**- Carbon Emissions**|**of North Wales Wildlife Trust**|
|---|---|---|---|
||**RESULTS**||**LIKE-FOR-LIKE****_excluding_ new elements**
**(Well-to-tank, waste, recycling, material use)**|
||Total footprint t CO2e|Total
LIVESTOCK
footprint t CO2e|Total footprint t CO2e|
|2019-20|347.00|
199.10||
|2020-21|199.35|78.57||
|2021-22|255.23|
92.32|
216.13|
**NB these are total figures, whilst our level of activity has increased between 2019-2022, illustrated by an increase in FTE staff from 37 to 48.**
We continue to do what we can to reduce our Carbon footprint, although have failed so far to make major changes in electrification of our vehicle fleet, insulation and installation of renewable energy supplies for our office premises (rented).
## **Transformation 2: Undergoing a 'root and branch' digital transformation**
We now have in place an all-Wales digital team who are seeking input from all Wildlife Trusts in Wales on our digital needs, including back of house alignment funded by National Heritage Lottery Fund, which we intend will inform our digital strategy.
Subscribers to our weekly newsletters, Wild Weekly/ Wythnos Wyllt, increased to 15,102 (+43%, maintaining steady growth). There was a 48% increase in subscribers opting to receive our newsletter in Welsh. Our monthly volunteer newsletter now reaches 2,791 people (approx. 38% growth). Average open rate for both newsletters is 39% compared to an average of 31% for similar organisations.
Our social media channels (Facebook, Instagram, Twitter) continue to reach and engage with more people with total followers of around 33,645 (+21%). Our Facebook reach has grown by 64% and reach on Instagram has grown by 81%. Engagement rates on Facebook (likes, comments, shares, clicks on posts) are averaging 3%, compared to an estimated standard rate (in wider industry) of 0.7%. Visits to our website increased dramatically, with 381,000 annual unique users (+105%). 85% of these were new users, compared to 70% last year (+21%).
## **Funding for Nature's Recovery**
The ambition expressed within our Strategy 2030 is such that nothing short of a step change in incoming funding will be required in order to meet it. Our Wildlife Trust movement-leading annual membership growth contributes to this (we expect to expand from 9,400 members in 2023 to 14,000 by 2030), whilst legacies continue to make a crucial contribution to our work - we are grateful to all who make personal decisions to support us. Efforts continue to expand our other existing sources of unrestricted income, including Enfys Ecology and NWWT Trading Ltd, and we continue to work closely with grant-giving funding partners. However, diversification will also be key. A renewed fundraising strategy, scheduled for completion in 2023-24, will set out the steps we'll need to take; whilst our proposed land management advisory service will contribute both financial and non-financial input into to achieving our mission.
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**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **Achievements and Performance**
||**2022-23**|**2021-22**|**% change**|
|---|---|---|---|
|Members|9,377|8,515|10.1|
|Members of Natural Partners (Corporate Scheme)|37|33|6|
|Nature reserves|35*|35|0|
|Area of land owned and managed|773 ha**|773 ha|0|
|Number of volunteers (excluding external groups)|485|452|7.3|
|Total volunteer hours|>23,897|>19,400|23.2|
|Volunteer hours on our nature reserves|>16,581|>15,898|4.3|
|Schools worked with|121|170|-28.8|
|Subscribers to Wild Weekly digital magazine|15,102|10,600|42.5|
|Direct interactions with the public (including virtual)|>26,142|>21,226|23.2|
|Members of Staff (full-time equivalent)|48|42.5|12.9|
|Branches|3|3|0|
*The purchase of Bryn Ifan happened just after the year end 2022-23 and brings total no. of sites to 36
**The purchase of Bryn Ifan brings total to 951 ha
## **FINANCIAL REVIEW**
## **Financial position**
North Wales Wildlife Trust had a successful financial year, getting back to some form of normality after pandemic-related disruption and expanding our operations to meet new demand for our services. Despite the cost of living crisis, our membership has continued to grow to 9,377 at year-end: a net increase of over 800 during the year which maintains our position as one of the best performing Wildlife Trusts. The income and support received provide a considerable contribution towards our success, and we continue to be grateful to our members for their generosity. Turnover grew steadily throughout the year but, in the final quarter, was boosted enormously by a significant donation from Aviva towards the purchase of Bryn Ifan: 450 acres of land near Clynnog Fawr. The receipt of these funds pushed our turnover to over £6.1 million (up from £3.7 million last year) and this has rather inflated our cash reserves in the end-year figures. The actual purchase of the land did not complete until 4 days after our books closed, and accounting standards rule out the inclusion of the £1.5 million property in our Fixed Assets until the current financial year. We were again able to increase funding towards our conservation work (£2.5 million, up from £1.7 million) and education (£933,000 from £858,000) and our number of staff grew to 48 (from 42.5). Our subsidiaries, Enfys Ecology and NWWT Trading, had challenging years, with the former contributing £45,000 and the latter making a small loss because of the late reopening of the retail stores. Both expect a significant upturn in 2023-24. Overall, a busy year - for which the staff, volunteers and all North Wales Wildlife Trust supporters deserve congratulations and thanks for all that has been achieved!
As at the 31 March 2023, unrestricted funds have increased by £195,569 to £2,332,729 and restricted funds have increased by £1,412,940 to £2,308,422.
Included in restricted funds is £192,933 relating to the Cors Goch nature reserve, which can only be realised by disposing of this tangible fixed asset.
## **Principal funding sources**
The Trust benefits from key funds via a variety of sources. Unrestricted income from membership, donations, legacies and our subsidiary companies are critical, whilst our main sources of grant income are from Welsh Government, Natural Resources Wales, National Lottery Community and Heritage Funds, Landfill Disposal Tax Communities Fund, and The Wildlife Trusts. Businesses also support our work in various ways.
Page 9
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The Trust has the power under the Articles of Association to invest all monies not immediately required for the furthering of the objects of the Trust in such a manner as may be deemed expedient, provided that monies subject to the jurisdiction of the Charity Commissioners for England and Wales shall only be invested in such securities and with such sanction as may for the time being be prescribed by law.
## **Reserves policy and risk management**
Sufficient cash reserves need to be held to cover ongoing expenses and potential cash flow delays arising from, amongst other circumstances, grants being paid in arrears and by slow payers. The Trustees believe that the level of reserves required to maintain the necessary liquidity should take account of likely 3 months' expenditure (restricted and unrestricted) which, for 2023/24 financial year, is budgeted at £848,180.
At the end of 2022/23 the cash reserves held in net current assets amounted to over £3.0 million but this was inflated by the £1.5 million required for the impending purchase of Bryn Ifan. The Treasurer assesses the cash liquidity position on a monthly basis when reporting the financial position to the Trustees and any concerns are flagged at that time. The Trust's risk register, which covers financial and operational risks is reviewed annually, and the trustees review high risks quarterly. The Trustees have set up a designated contingency fund within the unrestricted reserves – this has currently been set at £1,168,210.
## **FUTURE PLANS**
Bringing Nature Back - North Wales Wildlife Trust's Strategy 2030 (see "Our Vision for the Future" on p.4) has defined three 2030 Goals and some strategic transformations. We are developing further plan elements such as milestones and desired results for the next 4 years. We have also gone some way to define key indicators of success for baseline, 2026 and 2030 targets.
In 2023-24, we intend to:
- Finalise and implement a monitoring and evaluation approach for the plan
- Adapt our strategic planning in response to progress, risks and opportunities
- Make progress in defining a Land Management Advisory Service which relates to the Sustainable Farming Scheme and our role in delivering it.
- In key plan areas, research the scope, and capacity needed to deliver our ambitions
- Build partnerships to help deliver our plan
- Develop digital and fundraising strategies
- Improve how we recruit and look after our staff
The trustees recognise ongoing risks with our operations and manage these through a risk register which is continuously updated to reflect changing risks, and key risks are considered at each Council meeting.
The key risks which are being managed continue to be;
- Absence/Turnover in Council/Leadership Team, where loss of institutional knowledge, contacts, or skills leads to worsening performance of NWWT
- Nature in recovery where continued declines in wildlife result in ecological collapse
- Operational deficit, insufficient financial reserves, and cash flow issues where NWWT run out of cash and go bankrupt
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Charity constitution**
North Wales Wildlife Trust (NWWT) is a registered charity (Charity No. 230772) and a company limited by guarantee and incorporated under the Companies Act (Company No. 773995).
Page 10
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
A Council of trustees of around 11 members meet bi-monthly, to govern the Charity. There are subcommittees covering finance, conservation (east and west), and marine. The Trust Chief Executive Officer (Frances Cattanach) is appointed by the trustees with responsibility for operational management. The Trust has two trading subsidiaries. The activities of NWWT Trading Ltd (No. 2453752) and Enfys Ecology Ltd (No. 2535184) are highlighted on pages 12-14.
## **Structure, Governance and Management**
The directors of the charitable company are its trustees for the purpose of charity law and throughout the report are collectively referred to as trustees. The governing body of the Trust is its Council. The Council is composed of all trustees who are volunteers and is authorised to appoint new members to fill vacancies arising through resignation or death of an existing member. The Articles of Association of the Trust govern the appointment of trustees, and are available on request. On appointment, trustees are provided with an induction pack, and are directed to the Charity Commission website. The Council agrees the Trust's annual budget and strategic plan, while the day-to-day management of the Trust is delegated to the Trust CEO, Frances Cattanach. Salaries of all staff, including key personnel are calculated and reviewed through a detailed salary evaluation process. This considers a range of factors and criteria giving the Trust a consistent, transparent and equitable method of evaluating the relative worth of different jobs within the Wildlife Trust.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Trust and of the incoming resources and application of resources, including income and expenditure, of the charitable group for that period. In preparing those financial statements, the trustees are required to:
- Select suitable accounting policies and then reasonably apply them consistently;
- Observe the methods and principles in the Charities' Statement of Recommended Practice (SORP);
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Statement of Recommended Practice for Charities and the charity's governing document. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware, and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **Fundraising Management**
Adhering to the Charities (Protection and Social Investment) Act 2016, we conform to the Code of Fundraising Practice as detailed by the Fundraising Regulator. Amongst other things, this provides guidance to ensure vulnerable people and others are protected from unreasonable intrusion on their privacy, unreasonably persistent approaches or undue pressure to give. In order to assess the impact our fundraising has on the general public, aside from close staff management, we have a complaints policy in place, which enables us to log and analyse any complaints we might get. We note that 2 complaints were received during the year, neither of which were related to fundraising, and both were successfully resolved.
Page 11
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties**
The charity is a member of The Wildlife Trusts (registered as the Royal Society of Wildlife Trusts, registered charity number 207238) which acts as an umbrella body carrying out representation at a UK & Wales level, public relations and joint projects on behalf of the Wildlife Trusts. Each member has the use of the Wildlife Trusts' logos and benefits from the resources, best practice and specialised experience of other member trusts. Membership gives the charity a UK and in particular a Welsh voice and profile, as well as respectability by association for those unfamiliar with its particular work. However, each member remains entirely independent.
## **REPORT ON ACTIVITIES OF THE SUBSIDIARY COMPANIES**
## **N.W.W.T. Trading Limited (Registered Company No. 2453752)**
The Directors present their report and accounts for the year ended 31st March 2023
Following months of closure due to the Covid-19 pandemic, we were finally able to open our main shop at the Gt Orme in mid-June '22; this followed a period of closure earlier in the season due to refurbishment and the acquisition of new stock; a number of new volunteers also had to be recruited, following the understandable decision by some older volunteers not to return. There followed some busy trading months, with profit margins holding up well despite the fragile state of the economy. Due to the large investment in new stock by the previous Trading Officer, purchase of stock was limited to lines that were selling well.
The re-opening of the other shop at Breakwater Park Holyhead, was dependent on new refurbishment work and was constantly delayed by Anglesey council, frustratingly missing the promised date of early July (to catch the crucial summer months trading); the shop finally opened in mid-September allowing only a few weeks trading before it had to be closed for winter. Again, a whole new team of volunteers had to be recruited and trained, as the majority of the older staff did not want to return due to age, ill health, family commitments etc. Due to the very short selling period, it was decided not to introduce the much-needed new suppliers for Ice cream, fresh coffee, confectionary etc. and leave this until the 2023 season, however in the short time the shop was able to trade, daily takings were good and margins very healthy.
A new point of sale/payment/stock control system (Shopify) was introduced, and whilst there was initially some negativity and scepticism from volunteers, they soon got used to the idea and the provision of new data the system provides has proved invaluable.
Sales at our online shop have remained constant, with good success on our "Adopt a species" gift certificates and Christmas cards and calendars during the usually quiet winter months. Our concession at the Wild Elements store produced consistent monthly revenue, and our outdoor membership events team also provided some welcome extra revenue to bolster our overall profitability.
## **End of year financial review**
Given the delayed start to the season at Gt Orme (and even later at Breakwater), the shops gave a creditable performance, with sales totalling £34k across all sites, with a healthy gross margin of 54%.
Unfortunately, due to the shops being closed for such a long period due to Covid-19, Trading still carried forward a cumulative loss of circa £10k into the new financial year, so the Trust decided to inject a further £15k to provide working capital, and therefore allow the business to carry on trading into the 2023/24 season. A lot of work has taken place over the last 12 months; a new team of motivated volunteers has been recruited and trained, a more focused product range is now in place, new suppliers taken on and Shopify, which we hope will bring dividends in terms of increased revenue and higher profit margins this season.
Page 12
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **REPORT ON ACTIVITIES OF THE SUBSIDIARY COMPANIES**
## **Enfys Ecology Limited (Registered Company No. 2535184)**
The Directors present their report and accounts for the year ended 31st March 2023.
## **Principal Activity**
Enfys Ecology's principal activity is "the provision of wildlife and habitat surveys, habitat creation and habitat management and advice, providing services which encourage engagement of people with the natural world."
## **Directors' Report**
Enfys had another very busy year under challenging circumstances, with two key staff members on maternity leave and continued difficulties to recruit the additional permanent, full-time, senior member of staff (with appropriate qualifications and experience) that the business truly requires. However, we were able to take on two further, ecologists (both previous subcontractors), an apprentice and our first long-term placement student; whilst the ecologists, habitat management team and support staff continued to work exceptionally hard, with the quality of their work being praised by numerous external clients.
Overall, the number of projects Enfys worked with and the number of quotes required continued to increase year on year. The most frequent survey works required were still smaller-scale, independent bat and phase 1 habitat surveys, whilst the amount of supervision/'ecological clerk of works' work continued to increase. Meanwhile, Enfys took on a number of new project/report types, including Biodiversity Net Gain, UK Hab and Shadow Habitats Regulations Assessments, with a view to expanding this offer to further clients going forwards. Significant clients included Enfinium, Parc Adfer, ARC, NWWT itself and wind farm operators, as well as those cited below.
Enfys continued to work closely with several Local Authorities; have good relationships with the County Ecologists; and are repeatedly the first port of call for many council departments when surveys are required or advice is needed. We also worked alongside the Gwynedd County Council planning department, assisting their ecology team in assessing planning applications from an ecological perspective, and undertook large-scale meadow-planting, tree-planting and landscaping across Wrexham and Flintshire for the respective councils.
Our relationship with Natural Resources Wales continues to grow, with several members of staff coming directly to us for ecology work on a repeat basis. A strong relationship with the species licencing officers also proves beneficial in many instances with regards to complicated projects and being able to provide clients with the best possible advice. One particularly prominent NRW commission involved mapping the mines in Gwydyr and Coed y Brenin Forests and assessing their potential for bats: work which was highly regarded not only by NRW but also by local bat groups, councils and the Bat Conservation Trust.
2022-23 featured notably less work with other Wildlife Trust Consultancies than had been the case during some previous years, as the majority of available projects were either too geographically distant or of too large a scale given current staff circumstances. However, Enfys continued to keep in touch with the wider movement, with several staff members participating in courses provided by the network.
Enfys continued to be accredited under Safe Contractor, ISO 9001 and ISO 14001, whilst all staff and regular sub-contractors held Construction Skills Certification Scheme cards.
Profits of more than £45,000 will be covenanted to North Wales Wildlife Trust and the funds will be paid over prior to the end of the current calendar year: a significantly smaller figure than the £133,472 relating to 2021-22 that was covenanted across during 2022-23, but welcome nonetheless. North Wales Wildlife Trust in turn injected a further £60,000 of capital into Enfys to maintain cash liquidity levels. Enfys ends the financial year with a healthy order book and, with staff returning to work and a new Commercial Director post in place for 2023-24, the Directors are confident that the business continues to have a firm foundation for future growth.
Page 13
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
00773995 (England and Wales)
## **Registered Charity number**
230772
## **Registered office**
Llys Garth Garth Road Bangor Gwynedd LL57 2RT
## **Trustees**
I M Dunsire B Beech D W Bos (appointed 24.2.23) G A Coates D W Davies H C Davies A C Forman (appointed 14.4.22) F E Hobro A Lord (appointed 22.10.22) G E Mills F L Mitchell-Langford (appointed 1.5.23) S F Mills (resigned 22.10.22) C J Robertson (resigned 22.10.22) L E Williams (resigned 14.4.22)
## **Company Secretary**
I M Dunsire
## **Auditors**
Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
## **Solicitors**
Gamlins 14/15 Trinity Square Llandudno Conwy LL30 2RB
## **Bankers**
HSBC, 274 High Street, Bangor, Gwynedd, LL57 1RU Aldermore, 1st Floor, Block B, Western House, Lynch Wood, Peterborough, PE2 6FZ Shawbrook, Lutea House Warley, Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE Close Brothers, 10 Crown Place, London EC2A 4FT
Page 14
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Key Management Personnel**
Frances Cattanach Chief Executive Officer Graeme Cotterll Fundraising Director
|**Honorary Officers & Company Directors 2022-23**|**Honorary Officers & Company Directors 2022-23**||
|---|---|---|
|**President**|**Honorary Secretary**|**NWWT Trading Directors**|
|Dafydd Elis-Thomas|James Robertson (R 22.10.22)|Mo Blackburn|
|||Frances Cattanach|
|**Vice-Presidents**|**Company Secretary**|Elspeth Wagstaff|
|Geoff Radford|Ian Dunsire||
|Goronwy Wynne||**Enfys ecology Directors**|
|Pippa Bonner|**Trustees/Directors**|Philip Bennett-Lloyd|
||Bethan Beech**(3/5)**|Frances Cattanach|
|**Chairman**|Gillian Coates**(4/5)**|Gillian Coates|
|Howard Davies|David Davies**(5/5)**|Ian Dunsire|
||Howard Davies**(5/5)**|Angus Garbutt|
|**Vice Chairman**|Ian Dunsire**(4/5)**|Bob Gorzinski|
|Vacant|Alasdair Forman (A 14.4.22)**(5/5)**|Roger Thomas|
||Frankie Hobro**(2/5)**||
|**Honorary Treasurer**|Alexandra Lord (A 22.10.22)**(3/3)**||
|Ian Dunsire|Gina Mills**(5/5)**||
||Simon Mills (R 22.10.22)**(3/4)**||
||James Robertson (R 22.10.22)**(2/4)**||
||Lyndell Williams (R 21.4.22)**(1/1)**||
||Daniel Bos (A 24.02.23)**(1/1)**||
(A) Appointed
(R) Resigned
## **Trustee attendance at Board meetings**
Trustee board meeting attendance in the year is indicated above in the form e.g. **(4/5)** , where this example shows a trustee attended 4 out of the 5 meetings held during their term as a trustee.
**Changes in Directors** holding office, since the AGM 2022 are as follows;
Daniel Bos was co-opted by the Board of Trustees on 22 February 2023 Ffion Mitchell-Langford was co-opted by the Board of Trustees on 20 April 2023 Rhian Hughes was appointed a Director of Enfys ecology on 27 April 2023 Graeme Cotterill was appointed a Director of Enfys ecology on 27 April 2023 Frances Cattanach resigned as a Director of Enfys ecology on 27 April 2023 Mo Blackburn resigned as a Director of NWWT Trading on 14 September 2023
Page 15
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
|**Staff 2022-23**|||
|---|---|---|
|**_Living Landscapes_**|**_Nature Reserves_**|**_Community Engagement_**|
|**Living Landscape Manager**|**Senior Reserves Manager**|**People & Wildlife Manager**|
|Adrian Lloyd Jones|Chris Wynne|Chris Baker|
|**Alun & Chwiler**|**Anglesey Reserves**|**Stand 4 Nature Officers**|
|Jonathon Hulson|Matt Cole|Charlotte Keen|
|Sarah Ellis|**NE Wales Reserves**|Megan Parkinson (A)|
|**Wrexham Industrial Estate**|Jordan Hurst|Andy O’Callaghan (L)|
|Henry Cook|Paul Furnborough|**Education & Community Officers**|
|Laurence Maxwell|**Gwynedd & Conwy Reserves**|Iwan Edwards (East)|
|**Beaver Re-introduction**|Luke Jones (A)|Ben Stammers (Anglesey)|
|Alicia Leow-Dyke|Rob Booth (L)|Anna Williams (West)|
|**_Invasive Species Control_**|Katy Haines|**Well-being Officer**|
|**INNS Manager**|**Care Peat Officer**|Helen Carter-Emsell|
|Lyn Byrne|Richard Cutts||
|**INNS Project Manager**|**Cemlyn Wardens**|**_Enfys ecology Ltd_**|
|Jen Heard (A)|Mark Morris|**Principal Consultant**|
|**INNS Project Officer**|Sam Prettyman|Keymar Wake|
|Kirsty Brown||Rhian Hughes (Maternity leave)|
|Gemma Rose|**_Support Staff_**|**Ecological Consultants**|
|**Cotoneaster Project Officer**|**Chief Executive Officer**|Lucy Boyett (Maternity leave)|
|Hannah Everett|Frances Cattanach|Richard Cutts|
|**INNs Project Assts**|**Fundraising Director**|Joe Franklin|
|Carl Williams|Graeme Cotterill|Ash Payne|
|Craig Wade|**Finance & Admin. Manager**|Tim Yardley|
|**Biosecurity Officer**|Julia Travis|**Habitat Managers**|
|Charlie Richards|**Communications Officer**|Laurence Maxwell|
|**Wales INNs Manager**|Ian Campbell|Jez Squire|
|Tomos Jones|**Digital Marketing Officer**|**Administrator**|
|**Wales INNs Officers**|Lin Cummins|Saskia Webster|
|Jessica Minett|**Volunteer Support Officer**|**Finance Officer**|
|Gareth Holland-Jones (A)|Katy Haines|Louisa Roberts|
||**Project & IT Support Officer**|**Project Oversight Support**|
|**_Living Seas_**|Harry Joyce (L)|Katy Read|
|**Living Seas Manager**|Sarah Worley (A)||
|Nia Haf-Jones|**Legacy Development Officer**|**_NWWT Trading Ltd_**|
|**Living Seas Project Officers**|Mike Flaherty|**Trading Officer**|
|Dawn Thomas||Peter Kearton (A)|
|Reece Halstead|**Administrators**|Rhiannon Bryan (L)|
|**Marine Planning Officer**
**(Wales)**|Gwyn Thomas||
|Ben Smith|Bleddyn Williams||
||Sarah Callon||
|**_Membership Recruitment_**|Rosemary Mortimer||
|**Membership Manager**|Jayke Forshaw||
|Mark Roberts|||
|**Membership Recruiters**|||
|Kim & Giuseppe Boccato|||
|Caroline Bateson|||
|Mark Travis|||
|Sandy Holland|||
||||
(A) Appointed (L) Left
Page 16
**NORTH WALES WILDLIFE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of North Wales Wildlife Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Williams Denton Cyf, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 26 October 2023 and signed on its behalf by:
........................................................................ H C Davies - Trustee
Page 17
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH WALES WILDLIFE TRUST**
## **Opinion**
We have audited the financial statements of North Wales Wildlife Trust (the 'parent charitable company') and its subsidiaries (the group) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the group’s and parent charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 18
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH WALES WILDLIFE TRUST**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group and parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page 19
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH WALES WILDLIFE TRUST**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the group and parent charitable company and the environment in which it operates, we considered the risk of acts by the group and parent charitable company that were contrary to applicable laws and regulations, including fraud, and designed audit procedures in response to this risk. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, Companies Act 2006 and Charities Act 2011.
Our tests included:
- enquiring with management of any known or suspected irregularities, including fraud;
- evaluating the adequacy of internal controls designed to detect or prevent irregularities, including the risk of management override;
- agreeing the amounts and disclosures in the financial statements to underlying supporting documentation;
- testing journal entries to identify unusual transactions;
- evaluating whether there was evidence of management bias on key judgements and accounting estimates;
- reading the minutes of meetings of those charged with governance; and
- enquiring of management as to actual or potential litigation and claims.
There are inherent limitations in the audit procedures described above. The more removed that financial transactions are from the laws and regulations, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of trustees and management, and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those resulting from errors, as fraud may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 20
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH WALES WILDLIFE TRUST**
## **Use of our report**
This report is made solely to the group and parent charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group and parent charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and parent charitable company and the group and parent charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Owain Ap Elfed (Senior Statutory Auditor) for and on behalf of Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
Date: 30 October 2023
Page 21
**NORTH WALES WILDLIFE TRUST**
## **STATEMENT OF CONSOLIDATED FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Conserving and protecting wildlife
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
6
**Charitable activities**
7
Conserving and protecting wildlife
**Total**
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
23
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
**340,103**
**17,394**
**520,571**
**65,668**
**943,736**
**686,569**
**511,660**
**1,198,229**
**180,000**
**(74,493)**
**270,062 **
**195,569**
**2,137,160**
**2,332,729**|Restricted
funds
£
**37,761**
**5,186,505**
**6,407**
**-**
**5,230,673**
**43,367**
**3,504,304 **
**3,547,671**
**-**
**1,683,002**
**(270,062)**
**1,412,940**
**895,482**
**2,308,422**|**2023**
**Total**
**funds**
**£**
**377,864**
**5,203,899**
**526,978**
**65,668**
**6,174,409**
**729,936**
**4,015,964 **
**4,745,900**
**180,000**
**1,608,509**
**-**
**1,608,509**
**3,032,642**
**4,641,151**|2022
Total
funds
£
516,009
2,574,933
609,442
35,991
3,736,375
649,671
2,590,941
3,240,612
-
495,763
-
495,763
2,536,879
3,032,642|
|---|---|---|---|---|
Comparatives with the 2022 figures for restricted and unrestricted funds are shown in note 12 to the accounts.
The notes form part of these financial statements
Page 22
**NORTH WALES WILDLIFE TRUST**
## **CONSOLIDATED BALANCE SHEET 31 MARCH 2023**
|Notes
**FIXED ASSETS**
Tangible assets
13
Heritage assets
14
Investment property
15
**CURRENT ASSETS**
Stocks
16
Debtors
17
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
18
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
19
**PROVISIONS FOR LIABILITIES**
22
**NET ASSETS**
**FUNDS**
23
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**35,789**
**388,837**
**350,000**
**774,626**
**17,124**
**1,384,860**
**374,783**
**1,776,767**
**(202,026)**
**1,574,741**
**2,349,367**
**(10,833)**
**(5,805)**
**2,332,729**|Restricted
funds
£
**5,950**
**192,933**
**-**
**198,883**
**-**
**20,833**
**2,716,980**
**2,737,813**
**(463,915)**
**2,273,898**
**2,472,781**
**(164,359)**
**-**
**2,308,422**|**2023**
**Total**
**funds**
**£**
**41,739**
**581,770**
**350,000**
**973,509**
**17,124**
**1,405,693**
**3,091,763**
**4,514,580**
**(665,941)**
**3,848,639**
**4,822,148**
**(175,192)**
**(5,805)**
**4,641,151 **
**2,332,729**
**2,308,422**
**4,641,151 **|2022
Total
funds
£
40,607
581,770
170,000
792,377
6,350
1,018,854
2,149,737
3,174,941
(477,482)
2,697,459
3,489,836
(457,194)
-
3,032,642
2,137,160
895,482
3,032,642|
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2023 and were signed on its behalf by:
............................................. ............................................. I M Dunsire - Trustee H C Davies - Trustee
The notes form part of these financial statements
continued...
Page 23
**NORTH WALES WILDLIFE TRUST**
## **CHARITABLE COMPANY BALANCE SHEET 31 MARCH 2023**
|Notes
**FIXED ASSETS**
Tangible assets
13
Heritage assets
14
**Investments**
Investments
15
Investment property
15
**CURRENT ASSETS**
Debtors
17
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
18
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
19
**NET ASSETS**
**FUNDS**
23
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**6,528**
**388,837**
**145,200**
**350,000**
**890,565**
**1,273,254**
**194,999**
**1,468,253**
**(82,671)**
**1,385,582 **
**2,276,147**
**-**
**2,276,147**|Restricted
funds
£
**5,950**
**192,933**
**-**
**-**
**198,883**
**20,833**
**2,716,980**
**2,737,813**
**(463,915)**
**2,273,898**
**2,472,781**
**(164,359)**
**2,308,422**|**2023**
**Total**
**funds**
**£**
**12,478**
**581,770**
**145,200**
**350,000**
**1,089,448**
**1,294,087**
**2,911,979**
**4,206,066**
**(546,586)**
**3,659,480**
**4,748,928**
**(164,359)**
**4,584,569**
**2,276,147**
**2,308,422**
**4,584,569**|2022
Total
funds
£
8,160
581,770
70,200
170,000
830,130
918,055
1,941,350
2,859,405
(297,818)
2,561,587
3,391,717
(386,383)
3,005,334
2,109,852
895,482
3,005,334|
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2023 and were signed on its behalf by:
............................................. I M Dunsire - Trustee
............................................. H C Davies - Trustee
The notes form part of these financial statements
Page 24
**NORTH WALES WILDLIFE TRUST**
## **CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Tax provision
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by investing activities
**Cash flows from financing activities**
Loan repayments in year
Capital repayments in year
Net cash (used in)/provided by financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2023**
**£**
**964,178**
**5,805**
**969,983**
**(14,239)**
**15,657 **
**1,418**
**(25,000)**
**(4,375)**
**(29,375) **
**942,026**
**2,149,737 **
**3,091,763**|2022
£
585,273
-
585,273
(8,171)
35,991
27,820
-
-
-
613,093
1,536,644
2,149,737|
|---|---|---|
The notes form part of these financial statements
Page 25
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Revaluation of investment property
(Increase)/decrease in stocks
Increase in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**|**2023**
**£**
**1,608,509**
**13,107**
**(15,657)**
**(180,000)**
**(10,774)**
**(386,839)**
**(64,168)**
**964,178**|2022
£
495,763
7,573
(35,991)
-
4,216
(333,408)
447,120
585,273|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash at bank and in hand
**Debt**
Finance leases
Debts falling due within 1 year
**Total**|At 1.4.22
£
**2,149,737 **
**2,149,737 **
**(10,573)**
**(25,000)**
**(35,573)**
**2,114,164 **|Cash flow
£
**942,026**
**942,026**
**4,375**
**25,000**
**29,375**
**971,401 **|**At 31.3.23**
**£**
**3,091,763**
**3,091,763**
**(6,198)**
**-**
**(6,198) **
**3,085,565**|
|---|---|---|---|
The notes form part of these financial statements
Page 26
**NORTH WALES WILDLIFE TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
North Wales Wildlife Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Basis of consolidation**
The accounts have been prepared under the historical cost convention as modified by the inclusion of fixed asset investments at market value, and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, issued in October 2019.
The charity has taken advantage of paragraph 3(3) of Schedule 4 of the companies Act and adapted the Companies Act formats to reflect the special nature of the Trust's activities. No separate SOFA has been presented for the Trust alone as permitted by Section 408 of the Companies Act 2006.
## **Income**
Donations and grants are recognised when receivable, unless there are donor-imposed restrictions as to the timing of the related expenditure. In these circumstances, the income is recognised in the same period as the related expenditure.
Legacies are recognised when it becomes reasonably certain that the legacy will be received and any conditions associated with it have been fulfilled.
Deficits on restricted projects are borne ultimately by unrestricted funds. Surpluses on restricted projects that are not repayable are absorbed by management charges or are transferred to unrestricted funds.
Membership subscriptions are dealt with on a receipts basis. Gift aid is accrued for in the year of account.
## **Expenditure**
All expenditure is accounted for on an accruals basis and classified under appropriate cost categories. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources in accordance with the best estimate of the Trustees.
## **Costs of generating funds**
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shops and kiosks.
## **Charitable expenditure**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Allocation and apportionment of costs**
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are allocated on an appropriate basis e.g. salary costs on the basis of time spent.
continued...
Page 27
**NORTH WALES WILDLIFE TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 12.5% on cost Motor vehicles - 20% on cost Computer equipment - 33% on cost
Individual items costing less than £10,000 are capitalised and fully depreciated in the year of purchase. All other fixed assets are depreciated over their estimated useful life.
## **Heritage assets**
Heritage assets comprise nature reserves, buildings and related improvements, which are held under a policy of long-term retention as part of the objects of the Trust.
Nature reserves held at 31 March 2001 are only capitalised to the extent of any historical cost to the Trust. Reserves so held are not revalued because conventional revaluation bases are not considered reliable for this purpose. Since 1 April 2001, new nature reserves are capitalised where acquired for a known cost or where a reliable value can be attributed to any asset gifted or bequeathed to the Trust.
Buildings held in heritage assets owned by the trust have not been depreciated, as in the opinion of the trustees, the programme of improvement and repair maintains the assets to a standard whereby the total residual value will be maintained. Consequently the amount of any depreciation would not be material.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Investment property is valued initially at cost and subsequently at fair value as valued by the Council in accordance with their best judgement.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
## **Unrestricted funds**
Unrestricted funds are expendable at the discretion of the Trustees for the furtherance of the Trust's objects.
## **Designated funds**
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
## **Restricted funds**
Restricted funds are subject to specific trusts, which may be declared by the donor, with the donor's authority or may be created through legal process, but still be within the wider objects of the Trust. Restricted
continued...
Page 28
**NORTH WALES WILDLIFE TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES - continued**
## **FUNDS OF THE CHARITY AND PRINCIPAL OBJECTIVES**
The nature of various funds is indicated on the Statement of Financial Activities. The purpose of the funds is to meet the principal objectives of the Trust, these being: -
## **Fund accounting**
i) For the public benefit, to record, study and protect places and objects of ornithological, botanical and other scientific interest, or of natural beauty;
ii) To establish, form, own, maintain and manage nature reserves for conservation, propagation and control of wild plants and creatures living naturally therein;
iii) To promote and encourage study and research for the advancement of knowledge and natural sciences.
## **Hire purchase and leasing commitments**
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Going concern**
The Trust’s cash reserves exceeded £2.9m at 31 March 2023 and as such, the Council see no reasonably possible scenario in which the Trust or its subsidiary companies would be unable to meet their financial obligations for a period of at least 12 months from the date of signing the accounts. In view of this, the accounts have been prepared on a going concern basis.
## **Irrecoverable VAT**
Where relevant, costs include the portion of attributable VAT which is irrecoverable.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid
Legacies
Membership income|**2023**
**£**
**61,895**
**50,896**
**21,675**
**243,399**
**377,864 **|2022
£
67,758
50,749
191,061
206,441|
|---|---|---|
|||516,009|
continued...
Page 29
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
|**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Sales of goods
Branch income
Trading subsidiaries
**4.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Service income
Conserving and protecting wildlife
Education & training income Conserving and protecting wildlife
Income for materials
Conserving and protecting wildlife
Other income
Conserving and protecting wildlife
Grants
Conserving and protecting wildlife
Grants received, included in the above, are as follows:
National Government
Local Government
Other|**2023**
**£**
**8,984**
**4,746**
**715**
**512,533**
**526,978**
**2023**
**£**
**50,011**
**15,657 **
**65,668**
**2023**
**£**
**140,493**
**14,125**
**3,497**
**10,169**
**5,035,615**
**5,203,899**
**2023**
**£**
**3,266,534**
**7,918**
**1,761,163**
**5,035,615**|2022
£
13,302
1,606
3,050
591,484
609,442
2022
£
30,818
5,173
35,991
2022
£
157,687
5,715
1,127
16,233
2,394,171
2,574,933
2022
£
1,204,313
40,411
1,149,447
2,394,171|
|---|---|---|
continued...
Page 30
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **6. RAISING FUNDS**
|**Raising donations and legacies**
Fundraising
Legacy
Marketing
Membership
**Other trading activities**
Trading subsidiary
Aggregate amounts
**7.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Conserving and protecting wildlife
**4,000,804 **
**8.**
**SUPPORT COSTS**
Conserving and protecting wildlife
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Auditors' remuneration for non audit work
Other assurance services
Depreciation - owned assets
Depreciation - assets on hire purchase contracts and finance leases
Hire of plant and machinery
Other operating leases||**2023**
**£**
**17,812**
**6,857**
**43,647**
**178,360**
**246,676**
**2023**
**£**
**483,260**
**729,936**
Support
costs (see
note 8)
£
**15,160**
**2023**
**£**
**8,400**
**4,930**
**3,500**
**8,369**
**4,738**
**4,022**
**32,449**|2022
£
4,199
4,760
26,258
146,188
181,405
2022
£
468,266
649,671
Totals
£
**4,015,964 **
Governance
costs
£
**15,160**
2022
£
9,600
5,875
-
5,142
2,431
1,370
31,434|
|---|---|---|---|
|||||
continued...
Page 31
**NORTH WALES WILDLIFE TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
During the year 1 Trustees was reimbursed for expenses totalling £49.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|**31.3.23**
**£**
**1,439,480**
**120,987**
**81,863**
**1,642,330 **|31.3.22
£
1,196,697
98,116
62,541
1,121,489|
|---|---|---|
The average monthly number of full time equivalent employees during the year was as follows:
|Charitable objectives and support
Governance|**31.3.23**
**65**
**1**
**66**|**31.3.22**
**51**
**1**
**52 **|
|---|---|---|
No employee earned more than £60,000 per annum.
The charity considers its key management personnel comprise the Chief Executive Officer and the Fundraising Director. Total emoluments, including employer pension contributions, of the key management personnel were £107,548 (2022 - £99,255)
During the year the Trust contributed £155,174 (2022 - £62,541) to the defined contributions pension scheme.
The contribution of volunteers to the work of the Trust is critical. They support us in many ways, e.g. through practical work, events, advice and administration. Volunteers contributed at least 23,897 hours of their time in 2022-23, which at Real Living Wage rate is worth £227,022 of which £157,520 was carried out on our nature reserves
continued...
Page 32
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES – YEAR ENDED 31 MARCH 2022**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Conserving and protecting wildlife
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Conserving and protecting wildlife
**Total**
**NET INCOME**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
482,368
177,082
599,511
26,791
1,285,752
613,629
221,900
835,529
450,223
(57,373)
392,850
1,744,310
2,137,160|Restricted
funds
£
33,641
2,397,851
9,931
9,200
2,450,623
36,042
2,369,041
2,405,083
45,540
57,373
102,913
792,569
895,482|Total
funds
£
516,009
2,574,933
609,442
35,991
3,736,375
649,671
2,590,941
3,240,612
495,763
-
495,763
2,536,879
3,032,642|
|---|---|---|---|
continued...
Page 33
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **13. TANGIBLE FIXED ASSETS Group and charitable company**
|**COST**
At 1 April 2022
Additions
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022|Plant and
machinery
£
**99,800**
**14,239**
**114,039**
**84,391**
**6,333**
**90,724**
**23,315**
15,409|Motor
vehicles
£
**163,482**
**-**
**163,482 **
**138,284**
**6,774**
**145,058**
**18,424**
25,198|Computer
equipment
£
**25,402**
**-**
**25,402 **
**25,402**
**-**
**25,402 **
**-**
-|Totals
£
**288,684**
**14,239**
**302,923**
**248,077**
**13,107 **
**261,184 **
**41,739**
40,607|
|---|---|---|---|---|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
||Plant and|
|---|---|
||machinery|
||£|
|**COST**||
|At 1 April 2022 and 31 March 2023|**19,450**|
|**DEPRECIATION**||
|At 1 April 2022|**4,052**|
|Charge for year|**4,738**|
|At 31 March 2023|**8,790**|
|**NET BOOK VALUE**||
|At 31 March 2023|**10,660**|
|At 31 March 2022|15,398|
continued...
Page 34
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **13. TANGIBLE FIXED ASSETS Charitable company only**
|**COST**
At 1 April 2022
Additions
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
**14.**
**HERITAGE ASSETS**
**Group and charitable company**
**MARKET VALUE**
At 1 April 2022 and 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022|Plant and
machinery
£
**72,439**
**6,800**
**79,239**
**72,439**
**850**
**73,289**
**5,950**
-|Motor
vehicles
£
**128,022**
**-**
**128,022**
**119,862**
**1,632 **
**121,494 **
**6,528**
8,160|Computer
equipment
£
**25,402**
**-**
**25,402 **
**25,402**
**-**
**25,402 **
**-**
-|Totals
£
**225,863**
**6,800**
**232,663**
**217,703**
**2,482 **
**220,185**
**12,478**
8,160
Total
£
**581,770**
**581,770**
581,770|
|---|---|---|---|---|
**5 year summary of Heritage Asset Transactions**
||**2023**|**2022**|**2021**|**2020**|**2019**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Purchases|0|0|0|0|0|
The comprise of nature reserves, buildings and related improvements, which are held under a policy of long-term retention as part of the Trust's objectives.
Page 35
continued...
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **15. INVESTMENT PROPERTY Group and charitable company**
|**INVESTMENT PROPERTY**
**Group and charitable company**||
|---|---|
||**£**|
|**COST OR** **FAIR VALUE**||
|At 1 April 2022|**170,000**|
|Revaluation|**180,000**|
|At 31 March 2023|**350,000**|
|**NET BOOK VALUE**||
|At 31 March 2023|**350,000**|
|At 31 March 2022|170,000|
|The investment property was valued at market value (£350,000) on 21 November 2022 by Dafydd Hardy Esta||
|Agents who are independent of the charity. The Trustees are of the opinion that there has been no impairment||
|this valuation as at 31 March 2023.||
|Fair value at 31 March 2023 is represented by:|**£**|
|Valuation in 2019|**96,235**|
|Valuation in 2023|**180,000**|
|Cost|**73,765**|
||**350,000**|
The investment property was valued at market value (£350,000) on 21 November 2022 by Dafydd Hardy Estate Agents who are independent of the charity. The Trustees are of the opinion that there has been no impairment to this valuation as at 31 March 2023.
**INVESTMENTS Charitable company only**
|**INVESTMENTS**
**Charitable company only**||
|---|---|
||Shares in|
||group|
||undertakings|
||£|
|**MARKET VALUE**||
|At 1 April 2022|**70,200**|
|Additions|**75,000**|
|At 31 March 2023|**145,200**|
|**NET BOOK VALUE**||
|At 31 March 2023|**145,200**|
|At 31 March 2022|70,200|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
## **Enfys Ecology (Company No.02535184)**
Registered office: Llys Garth,Garth Road,Bangor,LL57 2RT Nature of business: Environmental Consulting Activities
|%
Class of share:
holding
Ordinary
**100**
Aggregate capital and reserves
Profit/(loss) for the year|**2023**
**£**
**180,800**
**45,145**|2022
£
81,460
(1,290)|
|---|---|---|
Page 36
continued...
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **15. INVESTMENTS - continued Charitable company only**
## **N.W.W.T. Trading Limited (Company No.02535184)**
|Registered office: Llys Garth,Garth Road,Bangor,LL57 2RT
Nature of business: Retail
%
Class of share:
holding
Ordinary
**100**
Aggregate capital and reserves
Loss for the year
**16.**
**STOCKS**
**31.3.23**
31.3.22
**£**
£
Stock
**17,124**
6,350
**Group**|**2023**2022
**£**
£
**20,982**
16,048
**(10,066)**
(8,964)
**31.3.23**
31.3.22
**£**
£
**-**
-
**Charitable company**|**2023**2022
**£**
£
**20,982**
16,048
**(10,066)**
(8,964)
**31.3.23**
31.3.22
**£**
£
**-**
-
**Charitable company**|
|---|---|---|
||||
## **17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**----- Start of picture text -----**
Group Charitable company
31.3.23 31.3.22 31.3.23 31.3.22
£ £ £ £
Trade debtors 1,359,539 935,642 1,238,568 701,371
Accrued income 1,057 32,623 1,057 32,623
Prepayments 38,908 27,316 38,908 27,316
Other debtors 6,189 23,273 3,208 23,273
Amounts owed by group undertakings - - 12,346 133,472
1,405,693 1,018,854 1,294,087 918,055
**----- End of picture text -----**
## **18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other loans (see note 20)
Hire purchase (see note 21)
Trade creditors
Social Security and other taxes
VAT
Deferred income
Accrued expenses|**31.3.23**
31.3.22
**£**
£
**-**
25,000
**4,375**
4,375
**137,508**
171,210
**21,715**
21,985
**49,874**
63,782
**384,152**
151,634
**68,317**
39,496
**665,941**
477,482
**Group**|**31.3.23**
31.3.22
**£**
£
**-**
25,000
**-**
-
**121,116**
117,908
**21,715**
21,985
**927**
5,727
**345,154**
117,134
**57,674**
10,064
**546,586**
297,818
**Charitable company**|
|---|---|---|
continued...
Page 37
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Hire purchase (see note 21)
Deferred income
**20.**
**LOANS**|Hire purchase (see note 21)
Deferred income
**20.**
**LOANS**|**31.3.23**
31.3.22
**£**
£
**1,823**
6,198
**173,369**
450,996
**175,192**
457,194
**Group**|**31.3.23**
31.3.22
**£**
£
**1,823**
6,198
**173,369**
450,996
**175,192**
457,194
**Group**|||**31.3.23**
31.3.22
**£**
£
**-**
-
**164,359**
386,383
**164,359**
386,383
**Charitable company**|
|---|---|---|---|---|---|---|
|||||||**164,359**|
||||||||
|An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
**21.**
**LEASING AGREEMENTS**
**Group and charitable company**
Minimum lease payments fall due as follows:
Net obligations repayable:
Within one year
Between one and five years
Within one year
Between one and five years
**22.**
**PROVISIONS FOR LIABILITIES**
**31.3.23**
31.3.22
**£**
£
Provisions
**5,805**
-
**Group**||||**2023**
2022
**£**
£
**-**
25,000
**Hire purchase contracts**
**2023**
2022
**£**
£
**4,375**
4,375
**1,823**
6,198
**6,198**
10,573
**Non-cancellable**
**operating leases**
**2023**
2022
**£**
£
**30,353**
39,536
**74,795**
55,636
**105,148**
95,172
**31.3.23**
31.3.22
**£**
£
**-**
-
**Charitable company**|||
||**31.3.23**
31.3.22
**£**
£
**5,805**
-
**Group**||||||
continued...
Page 38
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS Group and charitable company**
|**Unrestricted funds**
General fund
Designated - contingency
**Restricted funds**
Fixed Asset - Rhuddlan Fawr
Corporate
Donation/Legacy
Environment Act Wales (2016)
Interreg North-West Europe
Landfill Disposal Tax Communities
Scheme
Local Nature Partnerships
National Lottery Community Fund
Natural Resources Wales
Sustainable Development Fund
The Wildlife Trusts
Welsh Government
Peoples Postcode Lottery
Section 106 Planning Obligation
Service income
Grant - funding course varies
Multiple funding sources
**TOTAL FUNDS**|At 1.4.22
£
**2,137,160**
**-**
**2,137,160**
**192,933**
**14,170**
**301,521**
**1,534**
**(92)**
**59,467**
**2,238**
**81,066**
**2,002**
**-**
**34,000**
**73,310**
**17,954**
**5,088**
**30,128**
**14,615**
**65,550**
**895,482 **
**3,032,642**|Net
movement
in funds
£
**(74,493)**
**-**
**(74,493)**
**-**
**26,903**
**(66,655)**
**23,614**
**1,756**
**(32,040)**
**2,920**
**95,848**
**2,336**
**(8,758)**
**47,816**
**77,725**
**28,958**
**3,752**
**20,987**
**9,607**
**1,448,233**
**1,683,002 **
**1,608,509**|Transfers
between
funds
£
**(898,148)**
**1,168,210**
**270,062**
**-**
**(21,291)**
**(8,795)**
**(5,961)**
**1,220**
**(6,849)**
**(1,200)**
**(52,408)**
**-**
**8,758**
**-**
**(99,819)**
**(31,138)**
**(3,068)**
**(29,855)**
**(1,599)**
**(18,057)**
**(270,062)**
**-**|At
31.3.23
£
**1,164,519**
**1,168,210**
**2,332,729**
**192,933**
**19,782**
**226,071**
**19,187**
**2,884**
**20,578**
**3,958**
**124,506**
**4,338**
**-**
**81,816**
**51,216**
**15,774**
**5,772**
**21,260**
**22,623**
**1,495,726**
**2,308,422**
**4,641,151 **|
|---|---|---|---|---|
continued...
Page 39
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS - continued Group and charitable company**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Corporate
Donation/Legacy
Environment Act Wales (2016)
Interreg North-West Europe
Landfill Disposal Tax Communities
Scheme
Local Nature Partnerships
National Lottery Community Fund
Natural Resources Wales
Sustainable Development Fund
The Wildlife Trusts
Welsh Government
Peoples Postcode Lottery
Section 106 Planning Obligation
Service income
Grant - funding course varies
Multiple funding sources
**TOTAL FUNDS**|Incoming
resources
£
**943,734**
**48,413**
**8,513**
**73,773**
**33,550**
**60,318**
**22,801**
**1,155,575**
**9,428**
**6,157**
**50,426**
**1,970,687**
**65,438**
**12,691**
**35,223**
**35,604**
**1,642,078**
**5,230,675**
**6,174,409**|Resources
expended
£
**(1,198,227)**
**(21,510)**
**(75,168)**
**(50,159)**
**(31,794)**
**(92,358)**
**(19,881)**
**(1,059,727)**
**(7,092)**
**(14,915)**
**(2,610)**
**(1,892,962)**
**(36,480)**
**(8,939)**
**(14,236)**
**(25,997)**
**(193,845)**
**(3,547,673)**
**(4,745,900) **|Gains and
losses
£
**180,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**180,000**|Movement
in funds
£
**(74,493)**
**26,903**
**(66,655)**
**23,614**
**1,756**
**(32,040)**
**2,920**
**95,848**
**2,336**
**(8,758)**
**47,816**
**77,725**
**28,958**
**3,752**
**20,987**
**9,607**
**1,448,233**
**1,683,002 **
**1,608,509**|
|---|---|---|---|---|
continued...
Page 40
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS - continued Charitable company only**
|**Unrestricted funds**
General fund
Designated - contingency
**Restricted funds**
Fixed Asset - Rhuddlan Fawr
Corporate
Donation/Legacy
Environment Act Wales (2016)
Interreg North-West Europe
Landfill Disposal Tax Communities
Scheme
Local Nature Partnerships
National Lottery Community Fund
Natural Resources Wales
Sustainable Development Fund
The Wildlife Trusts
Welsh Government
Peoples Postcode Lottery
Section 106 Planning Obligation
Service income
Grant - funding source varies
Multiple funding sources
**TOTAL FUNDS**|At 1.4.22
£
**2,109,852**
**-**
**2,109,852**
**192,933**
**14,170**
**301,521**
**1,534**
**(92)**
**59,467**
**2,238**
**81,066**
**2,002**
**-**
**34,000**
**73,310**
**17,954**
**5,088**
**30,128**
**14,615**
**65,550**
**895,482 **
**3,005,334 **|Net
movement
in funds
£
**(103,767)**
**-**
**(103,767)**
**-**
**26,903**
**(66,655)**
**23,614**
**1,756**
**(32,040)**
**2,920**
**95,848**
**2,336**
**(8,758)**
**47,816**
**77,725**
**28,958**
**3,752**
**20,987**
**9,607**
**1,448,233**
**1,683,002 **
**1,579,235**|Transfers
between
funds
£
**(898,148)**
**1,168,210**
**270,062**
**-**
**(21,291)**
**(8,795)**
**(5,961)**
**1,220**
**(6,849)**
**(1,200)**
**(52,408)**
**-**
**8,758**
**-**
**(99,819)**
**(31,138)**
**(3,068)**
**(29,855)**
**(1,599)**
**(18,057)**
**(270,062)**
**-**|At
31.3.23
£
**1,107,937**
**1,168,210**
**2,276,147**
**192,933**
**19,782**
**226,071**
**19,187**
**2,884**
**20,578**
**3,958**
**124,506**
**4,338**
**-**
**81,816**
**51,216**
**15,774**
**5,772**
**21,260**
**22,623**
**1,495,726**
**2,308,422**
**4,584,569**|
|---|---|---|---|---|
continued...
Page 41
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS – continued Charitable company only**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Corporate
Donation/Legacy
Environment Act Wales (2016)
Interreg North-West Europe
Landfill Disposal Tax Communities
Scheme
Local Nature Partnerships
National Lottery Community Fund
Natural Resources Wales
Sustainable Development Fund
The Wildlife Trusts
Welsh Government
Peoples Postcode Lottery
Section 106 Planning Obligation
Service income
Grant - funding source varies
Multiple funding sources
**TOTAL FUNDS**|Incoming
resources
£
**431,200**
**48,413**
**8,513**
**73,773**
**33,550**
**60,318**
**22,801**
**1,155,575**
**9,428**
**6,157**
**50,426**
**1,970,687**
**65,438**
**12,691**
**35,223**
**35,604**
**1,642,078**
**5,230,675**
**5,661,875**|Resources
expended
£
**(714,967)**
**(21,510)**
**(75,168)**
**(50,159)**
**(31,794)**
**(92,358)**
**(19,881)**
**(1,059,727)**
**(7,092)**
**(14,915)**
**(2,610)**
**(1,892,962)**
**(36,480)**
**(8,939)**
**(14,236)**
**(25,997)**
**(193,845)**
**(3,547,673)**
**(4,262,640) **|Gains and
losses
£
**180,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**180,000**|Movement
in funds
£
**(103,767)**
**26,903**
**(66,655)**
**23,614**
**1,756**
**(32,040)**
**2,920**
**95,848**
**2,336**
**(8,758)**
**47,816**
**77,725**
**28,958**
**3,752**
**20,987**
**9,607**
**1,448,233**
**1,683,002 **
**1,579,235**|
|---|---|---|---|---|
continued...
Page 42
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS - continued Group and charitable company**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated - contingency
**Restricted funds**
Restricted
Fixed Asset - Rhuddlan Fawr
Corporate
Donation/Legacy
Environment Act Wales (2016)
Big Lottery
Interreg North-West Europe
Landfill Disposal Tax Communities
Scheme
Local Nature Partnerships
National Lottery Community Fund
National Lottery Heritage Fund
Natural Resources Wales
Sustainable Development Fund
The Wildlife Trusts
Welsh Government
Peoples Postcode Lottery
Section 106 Planning Obligation
Service income
Grant - funding course varies
Multiple funding sources
**TOTAL FUNDS**|At 1.4.21
£
1,744,310
-
1,744,310
-
192,933
42,950
102,977
1,235
45,351
(14,149)
44,152
1,000
42,136
29
6,025
-
30,000
175,132
22,607
6,227
26,631
21,115
46,218
792,569
2,536,879|Net
movement
in funds
£
375,730
-
375,730
(257,525)
-
39,045
130,865
35,127
(48,930)
25,481
(757)
21,017
185,877
3,240
(460)
(12,768)
52,372
28,479
24,305
2,841
25,279
7,395
1,467,659
1,728,542
2,104,272|Transfers
between
funds
£
(955,521)
1,168,210
212,689
257,525
-
(62,213)
(7,771)
(17,175)
3,579
(8,448)
(22,817)
(18,059)
(103,507)
(3,269)
(1,227)
12,768
(556)
(152,395)
(31,138)
(3,296)
(30,650)
(5,887)
(18,151)
(212,689)
-|At
31.3.23
£
1,164,519
1,168,210
2,332,729
-
192,933
19,782
226,071
19,187
-
2,884
20,578
3,958
124,506
-
4,338
-
81,816
51,216
15,774
5,772
21,260
22,623
1,495,726
2,308,422
4,641,151|
|---|---|---|---|---|
continued...
Page 43
**NORTH WALES WILDLIFE TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS – continued Group and charitable company**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
Corporate
Donation/Legacy
Environment Act Wales (2016)
Big Lottery
Interreg North-West Europe
Landfill Disposal Tax Communities
Scheme
Local Nature Partnerships
National Lottery Community Fund
National Lottery Heritage Fund
Natural Resources Wales
Sustainable Development Fund
The Wildlife Trusts
Welsh Government
Peoples Postcode Lottery
Section 106 Planning Obligation
Service income
Grant - funding course varies
Multiple funding sources
**TOTAL FUNDS**|Incoming
resources
£
2,229,486
-
82,131
277,567
140,789
(19,234)
90,833
145,956
80,486
1,783,097
9,719
22,252
13,597
60,426
3,083,702
65,438
12,691
58,822
41,421
1,731,608
7,681,298
9,910,784|Resources
expended
£
(2,033,756)
(257,525)
(43,086)
(146,702)
(105,662)
(29,696)
(65,352)
(146,713)
(59,469)
(1,597,220)
(6,479)
(22,712)
(26,365)
(8,054)
(3,055,223)
(41,133)
(9,850)
(33,543)
(34,026)
(263,949)
(5,952,756)
(7,986,512)|Gains and
losses
£
180,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
180,000|Movement
in funds
£
375,730
(257,525)
39,045
130,865
35,127
(48,930)
25,481
(757)
21,017
185,877
3,240
(460)
(12,768)
52,372
28,479
24,305
2,841
25,279
7,395
1,467,659
1,728,542
2,104,272|
|---|---|---|---|---|
**Restricted Funds**
## **Fixed Asset - Rhuddlan Fawr**
Grant from Garfield Weston Foundation for Purchase of land at Cors Goch.
## **Corporate**
Funding from corporate businesses to support the objectives of the charity.
## **Donation/Legacy**
Funding from individuals to support the objectives of the charity.
## **Environment Act Wales (2016)**
Funding received to carry out the Section 106 land management service agreements with Natural Resources Wales.
continued...
Page 44
**NORTH WALES WILDLIFE TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS - continued**
## **Big Lottery**
Funding from National Lottery to support the objectives of the charity.
## **Interreg NW Europe**
Funding from Interreg NW Europe towards the European Territorial Cooperation programme.
## **Landfill Disposal Tax Communities Scheme**
Tax distributed to support public services in Wales.
## **Local Nature Partnerships**
Funding for Local authority projects to build a nature recovery network across Wales.
## **National Lottery Community Fund**
Funding from National Lottery to support the objectives of the charity.
## **National Lottery Heritage Fund**
Funding from National Lottery to support the objectives of the charity.
## **Natural Resources Wales**
Funding from Natural Resources Wales, a government body responsible for duties under Natural Resources Body for Wales (functions) Order 2013.
## **Sustainable Development Fund**
Funding for projects administered by, and in Areas of Outstanding Natural Beauty.
## **The Wildlife Trusts**
Funding via or from the Royal Society of Wildlife Trusts to support the objectives of the charity.
## **Welsh Government**
Grants administered by Welsh Government to support the objectives of the charity.
## **WWF**
Funding from the Worldwide Fund for Nature to support the objectives of the charity.
## **Peoples Postcode Lottery**
Funding from a subscription lottery which raises money for charities to use in furthering their charitable. objectives
## **Section 106 Planning Obligation**
Funding to support the delivery of a contract between a developer and planning authority.
## **Service Income**
Funding from NWWT supply of services to use in furthering their charitable objectives.
## **Grant - funding source varies**
Funding from grant providers to support the objectives of the charity.
## **Multiple Funding sources**
Funding from various sources to be used in furthering the objectives fo the charity.
## **Designated Funds**
## **Designated - Contingency**
This designated fund represents ring fenced funds put aside by the Trustees to cover operational running costs of the charity.
Page 45
continued...
**NORTH WALES WILDLIFE TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **23. MOVEMENT IN FUNDS - continued**
## **Transfers between funds**
Transfers between funds represent overhead allocations.
## **24. RELATED PARTY DISCLOSURES**
The Trust charges its subsidiary companies for occupancy, administration, salary recharge and other costs incurred by the Trust on their behalf. During the year, such costs for NWWT Trading Limited and Enfys Ecology Limited were £30,414 and £38,359 respectively.
During the year Enfys Ecology Limited charged the Trust £86,036 with regard to work done on projects directly attributable to the Trust, and NWWT Trading sold goods to the Trust equating to £220.
No amounts were gifted to the Trust by NWWT Trading Limited during the year. At the balance sheet date an amount of £3,744 was owing to the Trust, representing outstanding amounts for costs incurred by the Trust on Trading's behalf.
No amounts were gifted to the Trust by Enfys Ecology Limited during the year. The Directors of Enfys Ecology Limited intend to make a covenant payment of £45,881 to the Trust in respect of the year to 31 March 2023. At the balance sheet date an amount of £8,602 was owing to the Trust, representing outstanding amount for costs incurred by the Trust on Enfys Ecology Limited’s behalf.
Page 46