2021-03-31-accounts - Somerset Wildlife Trust

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										Total	Tote I
						Unrestricted	funds	Restricted	Endowment	funds	funds
						General	Designated	funds	funds	2021	2020
					Notes	E	E	E	E	E	E
Income from:
Donations and	legacies				2	1,532,145	196,732	142,369		1,871,246	1,212,643
Charitable activities:
More space	for nature	—nature		recovery		19,079		145,328		164,407	147,083
More space	for nature	—nature		reserves		436,231		190,650		626,881	558,869
A movement	for nature					5,000		410,105		415,105	117,901
Telling Somerset's story						124,467		2,197		126,664	114,884
Other trading Ecology)	activities	(including		First		509,555				509,555	578,282
Investments						13,496				13,496	21,820
Other income						95,265				95,265
Total						2,735,238	196,732	890,649		3,822,619	2,751,482
Expenditure on:
Raising funds	(including	First Ecology)			7	970,216				970,216	1,107,106
Charitable activities:
More space	for nature	—nature		recovery		130,585	2	129,909		260,496	364,171
More space	for nature	—nature		reserves		567,045		231,296		798,341	690,500
A movement	for nature					158,553		202,670		361,223	324,645
Telling Somerset's story						152,349		2,197		154,546	149,244
Current service pension		cost/(credit)									(189,824)
Provision for Ash Dieback liability					18						600,000
Total						1,978,748	2	566,072		2,544,822	3,045,842
Net gain/(loss)	on investments					183,097				183,097	(41,948)
Net income/(expenditure)						939,587	196,730	324,577		1,460,894	(336,308)
Transfers between funds					22	(451,780)	482,626	(138,430)	107,584
Net movement	in funds					487,807	679,356	186,147	107,584	1,460,894	(336,308)
Reconciliation	offunds
Fund balances	brought	forward	at 1 April 2020			692,215	2,833,328	407,095	1,633,849	5,566,487	5,902,795
Fund balances	carried forward at			31March 2021		1,180,022	3,512,684	593,242	1,741,433	7,027,381	5,566,487

						Group	Group	Trust	Trust
						2021	2020	2021	2020
					Notes
Fixed assets
Tangible assets					13	847,651	864,433	832,560	852,910
Heritage assets					13	3,128,562	3,020,978	3,128,562	3,020,978
Investments					14	908,540	732,079	908,543	732,082
						4,884,763	4,617,490	4,869,666	4,606,970
Current assets
Stock					15	1,690	1,659	1,690	1,659
Debtors					16	685,603	760,921	698,147	762,576
Deposit accounts						1,802,732	596,951	1,802,732	596,951
Cash at bank and	in	hand				346,515	586,805	333,459	581,801
						2,836,540	1,946,336	2,836,028	1,942,987
Liabilities
Creditors: amounts		falling due within one year			17	248,493	176,472	233,048	161,758
Net current assets						2,588,047	1,769,864	2,602,980	1,781,229
Total assets less current liabilities						7,472,800	6,387,354	7,472,646	6,387,199
Provisions for liabilities					18	445,419	600,000	445,419	600,000
Total assets excluding			pension	liability		7,027,381	5,787,354	7,027,226	5,787,199
Defined benefit pension			scheme	liability	12		220,867		220,867
Total net assets						7,027,381	5,566,487	7,027,226	5,566,332
The funds ofthe charity
Endowment funds						1,741,433	1,633,849	1,741,433	1,633,849
Restricted funds						593,242	407,095	593,242	407,095
Designated funds						3,512,684	2,833,328	3,512,684	2,833,328
Unrestricted funds						1,180,022	692,215	1,179,867	692,060
Total charity funds					23	7,027,381	5,666,487	7,027,226	6,666,332

						2021	2020
					Note
Cash flows from operating activities
Net cash provided by operating activities					25	1,101,245	225,234
Cash flows from investing activities
Dividends, interest and rental income						13,496	21,820
Proceeds from the sale of property, plant and equipment							6,322
Purchase ofproperty, plant and equipment						(155,886)	(83,759)
Proceeds from sale ofinvestments						139,039	113,403
Purchase ofinvestments						(150,978)	(79,563)
Net cash used in investing activities						(154,329)	(21,777)
Change in cash and cash equivalents	in the	reporting	period			946,916	203,457
Cash and cash equivalents at the beginning		ofthe reporting		period		1,225,509	1,022,052
Cash and cash equivalents at the end	ofthe reporting		period		26	2,172,425	1,225,509

		2.	DONATIONS	AND	LEGA	CIES
					Total			Total
			Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
Membership'			756,831		756,831	733,114		733,114
Donations	and	appeals	775,314	137,369	912,683	96,359	168,911	265,270
Legacies			196,732	5,000	201,732	214,259		214,259
			1,728,877	142,369	1,871,246	1,043,732	168,911	1,212,643

				Total			Total
		Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
					'Z	'Z
More space for nature —nature	recovery
Natural England			12,732	12,732		5,938	5,938
Statutory body grants			30,715	30,715		14,615	14,615
Other grants			101,881	101,881		101,385	101,385
Consultancy fees		19,079		19,079	25,145		25,145
		19,079	145,328	164,407	25,145	121,938	147,083
More space for nature —nature	reserves
DEFRA		411,269		411,269	510,112	2,500	512,612
Statutory body grants			4,150	4,150		7,724	7,724
Landfill tax credit scheme			65,422	65,422
Other grants			121,078	121,078		6,633	6,633
Grazing licences and property	lettings	14,506		14,505	20,076		20,076
Wood and firewood sales		10,456		10,456	11,824		11,824
		436,231	190,650	626,881	542,012	16,857	558,869
A movement for nature
Education provision					180		180
Statutory body grants		5,000	120,478	125,478		52,399	52,399
Other grants			289,627	289,627		65,322	65,322
		5,000	410,105	415,105	180	117,721	117,901
Telling Somerset's story
Statutory body grants			200	200		300	300
Other grants			1,997	1,997
Service level agreements		78,861		78,861	76,602		76,602
Data services		43,336		43,336	37,982		37,982
Sales income		2,270		2,270
		124,467	2,197	126,664	114,584	300	114,884
		584,777	748,280	1,333,057	681,921	256,816	938,737

4	. I	NCOME	FROM O	THER T	RADIN	G AC	TIVITIE	S
				SWT (Sales) Ltd	Total		SWT (Sales) Ltd	Total
			Trust	(see note 24)	2021	Trust	(see note 24)	2020
							S	S
Shop sales			2,433		2,433	2,905		2,905
Fundraising	events		3,270		3,270	25,234		25,234
Other fundraising		activities	30,586		30,586	35,067		35,067
First Ecology				473,266	473,266		515,076	515,076
			36,289	473,266	509,555	63,206	515,076	578,282

							Total			Total
					Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
						S
Dividends	receivable		from equity shares		11,778		11,778	16,640		16,640
Interest receivable		from investment		funds	934		934	836		836
Interest receivable		from bank and		deposit accounts	784		784	4,344		4,344
					13,496		13,496	21,820		21,820

				Total			Total
		Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
Government	grants	95,265		95,265
		95,265		95,265

					Activities			Activities
					undertaken directly	Support costs	Total 2021	undertaken directly	Support costs	Total 2020
					E				E	E
Expenditure		on raising		funds
Cost of raising funds					167,660	49,829	217,489	175,456	53,772	229,228
Membership		recruitment		and retention	251,521	49,051	300,572	332,157	51,530	383,687
Merchandising		costs			2,094		2,094	2,362		2,362
Investment	management			fees	8,838		8,838	5,236		5,236
First Ecology					343,481	97,742	441,223	388,032	98,561	486,593
					773,594	196,622	970,216	903,243	203,863	1,107,106
Charitable	activities
More space	for nature		-	nature recovery	204,616	55,880	260,496	284,211	79,960	364,171
Mores space		for nature		- nature reserves	701,702	96,639	798,341	584,602	105,898	690,500
A movement		for nature			243,866	117,357	361,223	219,630	105,015	324,645
Telling Somerset's story					116,707	37,839	154,546	110,800	38,444	149,244
					1,266,891	307,715	1,574,606	1,199,243	329,317	1,528,560
					2,040,485	504,337	2,544,822	2,102,486	533,180	2,635,666

				Costs of	Membership		More space	More space
				generating	recruitment		for nature —	for nature —	A	Telling
				voluntary	and	First	nature	nature	movement	Somerset's	Total	Total
				income	retention	Ecology	recovery	reserves	for nature	story	2021	2020
						E		E		E	E	E
Finance				8,758	6,128	19,929	11,923	21,299	14,777	7,716	90,530	106,159
HR/staff support				2,787	1,952	6,346	3,796	6,782	4,705	2,454	28,822	40,727
Office costs				7,986	5,589	18,170	10,872	19,420	13,472	7,032	82,541	69,498
Property vehicles	and		motor	4,904	3,428	11,151	6,671	11,917	8,268	4,318	50,657	53,472
Recoverable			VAT	(12,123)			(2,598)	(17,319)	(2,598)		(34,638)	(17,272)
Marketing				20,135	19,792	2,594	1,552	12,270	49,410	1,005	106,758	98,250
Information		technology		5,998	4,197	13,649	8,167	14,588	10,119	5,284	62,002	54,737
National support	and		regional	4,464	3,123	10,157	6,076	10,854	7,530	3,932	46,136	52,940
Insurance				498	348	1,133	678	1,211	840	439	5,147	3,447
Governance				6,422	4,494	14,613	8,743	15,617	1,0834	5,659	66,382	71,222
				49,829	49,051	97,742	55,880	96,639	117,357	37,839	504,337	533,180

During th	e previous financial year, the 9.	Trust recognised OTHER	a %600k p CO
		Total	Total
		2021	2020
Depreciation		65,084	62,164
Auditors'	remuneration
Audit	fees	14,392	11,850
Taxation compliance		1,110	2,082
Loss on	disposal offixed assets		954

10. STA FF CO	STS
	Total	Total
	2021	2020
Wages and salaries	1,378,719	1,367,654
Social security costs	120,687	115,173
Pension costs	92,927	69,211
	1,592,333	1,552,038

Total	Total
2021	2020

		2021	2020
		Number	Number
Charitable	activities	49	53
Raising funds
Governance
		59	62

	Total	Total
	2021	2020
At 1 April 2020	220,867	460,700
Cash contributions in the year		(62,338)
Section 75debt cash payments	(220,867)
Finance cost:
Unwinding ofinterest		13,831
Movement in discount rate		(1,502)
Section 75debt adjustment		(189,824)
At March 2021		220,867
Discount rate (IBoxx15year Sterling Corporates AA rated bond yield)		2.35%

		Total	Total
		2021	2020
Discount rate	pre-retirement		4.45%
Discount rate	post-retirement		2.2%
Price inflation	(RPI)		3%
Price inflation	(CPI)		2.2%

			Freehold and
	Nature	reserves	leasehold	Plant and		Office
	Freehold	Leasehold	property	equipment	Vehicles	equipment	Total
					F.
Cost
At 1April 2020	3,020,978	103,946	739,830	391,700	164,024	157,254	4,577,732
Additions	107,584			7,082		41,220	155,886
Disposals						(722)	(722)
At 31March 2021	3,128,562	103,946	739,830	398,782	164,024	197,752	4,732,896
Depreciation
At1April 2020		103,758	91,037	268,958	98,799	129,769	692,321
Charge for the year			14,885	18,763	16,307	15,127	65,084
Disposals						(722)	(722)
At 31March 2021		103,760	105,922	287,721	115,106	144,174	756,683
Net book value
At 31 March 2021	3,128,562	186	633,908	111,061	48,918	53,578	3,976,213
At 31March 2020	3,020,978	188	648,793	122,742	65,225	27,485	3,885,411
Charity
			Freehold and
	Nature	reserves	leasehold	Plant and		Office
	Freehold	Leasehold	property	equipment	Vehicles	equipment	Total
Cost
At 1 April 2020	3,020,478	103,946	739,830	369,486	164,024	115,237	4,513,501
Additions	107,584			3,456		37,244	148,284
Disposals						(722)	(722)
At 31March 2021	3,128,562	103,946	739,830	372,942	164,024	151,759	4,661,063
Depreciation
At 1 April 2020		103,758	91,037	253,274	98,799	92,745	639,613
Charge for the year			14,885	17,692	16,307	12,164	61,050
Disposals						(722)	(722)
At 31March 2021		103,760	105,922	270,966	115,106	104,187	699,941
Net book value
At 31 March 2021	3,128,562	186	633,908	101,976	48,918	47,572	3,961,122
At 31March 2020	3,020,978	188	648,793	116,212	65,225	22,492	3,873,888

	2021	2020	2017
Cost ofacquisitions	107,584	500	14,709
Value ofdonated assets
Carrying amount ofdisposals			54,938
Proceeds ofdisposals			120,709
Value of impairment

						Listed	Cash	Total	Total
						securities	holdings	2021	2020
Cost
At1April 2020						638,393	41,753	680,146	667,463
Additions						150,978	195,343	346,321	203,971
Disposals						(135,601)	(213,918)	(349,519)	(191,288)
At 31 March 2021						653,770	23,178	676,948	680,146
Revaluations
Unrealised	gains	at 1 April 2020				51,933		51,933	112,644
Net gains	/(losses)		arising on revaluations	in the year		183,097		183,097	(41,948)
Disposals/reverse			revaluations			(3,438)		(3,438)	(18,763)
Unrealised	gains	at 31 March 2021				231,592		231,592	51,933
Fair value	at 31 March 2021					885,362	23,178	908,540	732,079
Charity
					Subsidiary	Listed	Cash	Total	Total
					company	securities	holdings	2021	2020
Cost
At 1 April 2020					3	638,393	41,753	680,149	667,466
Additions						150,978	195,343	346,321	203,971
Disposals						(135,601)	(213,918)	(349,519)	(191,288)
At 31 March 2021					3	653,770	23,178	676,951	680,149
Revaluations
Unrealised	gains	at1 April 2020				51,933		51,933	112,644
Net gains/(losses)		arising on revaluations		in the year		183,097		183,097	(41,948)
Disposals/reverse			revaluations			(3,438)		(3438)	(18,763)
Unrealised	gains	at 31 March 2021				231,592		231,592	51,933
Fair value	at 31 March 2021				3	885,362	23,178	908,543	732,082

	Group		Trust
	2021	2020	2021	2020
Stocks	1,690	1,659	1,690	1,659
	1,690	1,659	1,690	1,659

			Group		Trust
			2021	2020	2021	2020
Trade debtors			88,035	133,178	37,429	27,204
Other debtors			25,020	13,685	18,809	10,969
Prepayments	and accrued income		365,114	335,462	319,404	278,350
Legacies receivable			207,434	278,596	207,434	278,596
Amounts owed by subsidiary		company			115,071	167,457
			685,603	760,921	698,147	762,576

		17. C	R E D I	TO RS
		Group		Trust
		2021	2020	2021	2020
		6
Amounts	falling due within one year
Trade creditors		155,670	86,981	144,935	82,195
Other creditors and accruals		92,823	89,491	88,113	79,563
		248,493	176,472	233,048	161,758

				Group		Trust
				2021	2020	2021	2020
Provisions
At 1 April 2020				600,000		600,000
Provisions	recognised		in the year		600,000		600,000
Provisions	released	in	the year	(154,581)		(154,581)
At 31 March 2021				445,419	600,000	445,419	600,000

	Group		Trust
	2021	2020	2021	2020
Within one year	10,847	18,488	10,847	18,488
Due one to five years		15,057		15,057
	10,847	33,545	10,847	33,545

	21.	STATE	MENT	OF FU	NDS
		At				Investment	At
		1April 2020	Income	Expenditure	Transfers	gains	31March 2021
Unrestricted funds
Income fund		692,215	2,735,238	(1,978,748)	(451,780)	183,097	1,180,022
Tote I unrestricted funds		692,215	2,735,238	(1,978,748)	(451,780)	183,097	1,180,022
Designated funds
Nature reserves		1,387,317		(2)			1,387,315
Operating freehold		647,988			(14,885)		633,103
Nature reserves development		16,354					16,354
Development reserve		539,067	196,732		500,000		1,235,799
Innovation fund		42,602			(2,489)		40,113
Nature reserves fund		200,000					200,000
Total designated funds		2,833,328	196,732	(2)	482,626		3,512,684
Restricted funds
More space for nature —nature	recovery	22,132	145,328	(129,909)			37,551
More space for nature —nature	reserves	279,610	330,739	(231,296)	(108,944)		270,109
A movement for nature		105,353	412,385	(202,670)	(29,486)		285,582
Telling Somerset's story			2,197	(2,197)
Total restricted funds		407,095	890,649	(566,072)	(138,430)		593,242
Endowment funds
Nature reserves		1,633,849			107,584		1,741,433
Total endowment funds		1,633,849			107,584		1,741,433
Total funds		5,566,487	3,822,619	(2,544,822)		183,097	7,027,381

				Unrestricted	Designated	Restricted	Endowment	Total
				funds	funds	funds	funds	funds
								E
Tangible	and heritage		fixed assets	214,362	2,020,418		1,741,433	3,976,213
Investments				908,540				908,540
Current	assets			751,032	1,492,266	593,242		2,836,540
Current	liabilities			(248,493)				(248,493)
Provisions		for liabilities		(445,419)				(445,419)
				1,180,022	3,512,684	593,242	1,741,433	7,027,381

		2021	2020
Turnover		475,301	527,825
Cost ofsales		306,541	336,783
Gross profit		168,760	191,042
Administrative	expenses	77,974	96,188
Interest payable			1,665
		90,786	93,189
Net profit		90,786	93,189
Taxation
Net profit after taxation		90,786	93,189
Paid under gift aid to Trust		90,786	93,189
Profit brought	forward	152	152
Retained profit carried forward		152	152

Assets	127,956	182,327
Liabilities	(127,801)	(182,172)
Funds	155	155

			O	P ERAT I N G	ACT	IVITI ES
							2021	2020
Net income/(expenditure) for the		reporting		period (as per the statement	offinancial	activities)	1,460,894	(336,308)
Adjustments for:
Depreciation charges							65,084	62,164
(Gains)/losses on investments							(183,097)	41,948
Dividends, interest	and rents from investments						(13,496)	(21,820)
Loss on disposal of	fixed assets							954
(Decrease)/increase	in provision	for liabilities					(154,581)	600,000
(Decrease) in defined benefit pension			liability				(220,867)	(239,833)
Decrease in debtors							75,318	82,006
(Increase)/decrease	in stocks						(31)	354
Increase in creditors							72,021	35,769
Net cash provided	by operating	activities					1,101,245	225,234

		2021	2020
Cash at bank and	in hand	346,515	586,805
Deposit accounts	(less than 3 months)	1,825,910	638,704
		2,172,425	1,225,509

									Total
				Unrestricted		funds	Restricted	Endowment	funds
				General	Designated		funds	funds	2020
				E
Income from:
Donations and legacies				829,473		214,259	168,911		1,212,643
Charitable activities:
Inspiring people and communities				180			58,072		58,252
Rebuilding ecological	networks			139,729			124,451		264,180
Standing up for nature							57,436		57,436
Nature reserves				542,012			16,857		558,869
Other trading activities				578,282					578,282
Investments				21,820					21,820
Total				2,111,496		214,259	425,727		2,751,482
Expenditure on:
Raising funds				1,100,928		5,315			1,106,243
Charitable activities:
Inspiring people and communities				189,533		8,135	57,165		254,833
Rebuilding ecological	networks			347,739			118,061		465,800
Standing up for nature				59,431			58,858		118,289
Nature reserves				607,044		1,925	81,532		690,501
Current service pension		cost/(credit)		(189,824)					(189,824)
Provision for Ash Dieback liability						600,000			600,000
Total				2,114,851		615,375	315,616		3,045,842
Net gains on investments				(41,948)					(41,948)
Net income/(expenditure)				(45,303)		(401,116)	110,111		(336,308)
Transfers between funds				284,279		(284,279)
Net movement in funds				238,976		(685,395)	110,111		(336,308)
Reconciliation offunds
Fund balances brought	forward		at 1 April 2019	453,239		3,518,723	296,984	1,633,849	5,902,795
Fund balances carried forward			at 31March 2020	692,215	2,833,328		407,095	1,633,849	5,566,487

	At				Investment	At
	1April 2019	Income	Expenditure	Transfers	gains	31March 2020
	E		E		E	E
Unrestricted funds
Income fund	453,239	2,111,496	(2,114,851)	284,279	(41,948)	692,215
Total unrestricted funds	453,239	2,111,496	(2,114,851)	284,279	(41,948)	692,215
Designated funds
Nature reserves	1,386,819		(2)	500		1,387,317
Operating freehold	662,713			(14,725)		647,988
Nature reserves development	16,354					16,354
Development reserve	1,404,648	214,259	(10,058)	(1,069,782)		539,067
Innovation fund	48,189		(5,315)	(272)		42,602
Ash Dieback fund			(600,000)	600,000
Nature reserves fund				200,000		200,000
Total designated funds	3,518,723	214,259	(615,375)	(284,279)		2,833,328
Restricted funds
Inspiring people and communities	47,109	61,170	(57,165)			51,114
Rebuilding ecological networks	66,133	130,460	(118,061)	(7,560)		70,972
Standing up for nature	7,064	57,436	(58,858)			5,642
Nature reserves	176,678	176,661	(81,532)	7,560		279,367
Total restricted funds	296,984	425,727	(315,616)			407,095
Endowment funds
Nature reserves	1,633,849					1,633,849
Total endowment funds	1,633,849					1,633,849
Total funds	5,902,795	2,751,482	(3,045,842)		(41,948)	5,566,487

			FUNDS 2	020
			Unrestricted	Designated	Restricted	Endowment	Total
			funds	funds	funds	funds	funds
Tangible	and heritage fixed assets		216,257	2,035,305		1,633,849	3,885,411
Investments			732,079				732,079
Current	assets		141,218	1,398,023	407,095		1,946,336
Current	liabilities		(176,472)				(176,472)
Provisions for liabilities				(600,000)			(600,000)
Defined	benefit pension scheme	liability	(220,867)				(220,867)
			692,215	2,833,328	407,095	1,633,849	5,566,487