ANNUAL REPORT AND ACCOUNTS 2021-22
/-."
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|STRATEGIC REPORT .|5|
|---|---|
|More space for nature|6|
|A movement
for nature|.8|
|Telling Somerset's story|10|
|Developing
our charity|12|
|Financial
review
.|.14|
##
|STRUCTURE, GOVERNANCE
AND MANAGEMENT|STRUCTURE, GOVERNANCE
AND MANAGEMENT|20|
|---|---|---|
|STATEMENT OF TRUSTEES' RESPONSIBILITIES||24|
|INDEPENDENT AUDITOR'S REPORT|||
|TO THE MEMBERS OF SOMERSET WILDLIFE TRUST .||25|
|FINANCIAL STATEMENTS||28|
|Consolidated
statement
offinancial activities||29|
|Consolidated
and Trust balance sheets as at 31March 2022||30|
|Consolidated
statement
ofcash flows for the|year ended 31March 2022 .|31|
|Notes forming part ofthe financial statements|forthe year ended 31March 2022|. . 33|
|GIFTS AND DONATIONS||50|
|KEY PEOPLE AND ADVISERS||51|
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For nature to recover we need more
people taking action for nature, a
critical mass of at least one in four to
tip the balance in nature s favour.
|~|Donations
appeals|and|2,052|913|125|
|---|---|---|---|---|---|
||Grants||1,613|1,260|28|
|~|Membership||835|757|10|
||Legacies||637|202|215|
|~|First Ecology||571|473|21|
||Data Services and
SLAs||168|124|35|
||Other||123|44|180|
||Other fundraising
activities||55|36|53|
|~|Investment
income||17|13|31|
|~|Charitable
activities|2,261|1,689|34|
|---|---|---|---|---|
||First Ecology|552|441|25|
|~|Membership
recruitment|288|187|54|
||Raising funds|250|228|10|
||More space|for||||
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|~|nature
—nature||866|798|9|
||reserves|||||
||A movement
nature|for|697|475|47|
||More space|for||||
||nature
—nature||515|260|98|
||recovery|||||
||Telling
Somerset's|story|183|155|18|
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It is only by gathering evidence of the
abundance and diversity of wildlife
and habitat condition that we will be
able to make the best decisions for
nature's recovery.
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*1
With nature and the climate in
crisis. we made a commitment
in ournew strategy to be bold
and act quickly.
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FINANCIAL STATEMENTS
IJ
We grew in 2021-22 to support our
ambitious plans and refocussed.
our work to match ourgoals.
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|income from:|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Donations
and legacies||||2|981,112|237,304|2,306,530||3,524,946|1,871,246|
|Charitable
activities:|||||||||||
|More space|for nature|—nature|recovery||99,652||610.002||709,654|164,407|
|More space|for nature|—nature|reserves||490.077||248.910||738.987|626.881|
|A movement|for nature||||1,300||264,410||265,710|415,105|
|Telling Somerset's story|||||167,623||20,196||187,819|126,664|
|Other trading|activities (including||First Ecology)|4|626.663||||626.663|509,555|
|Investments|||||17.332||||17.332|13.496|
|Other income||||||||||95,265|
|Expenditure|on:||||||||||
|Raising funds|(including|First Ecology]||7|1,089,564||||1,089,564|856,350|
|Charitable
activities:|||||||||||
|More space|for nature|—nature|recovery|7|97.737||416.858||514.595|260.496|
|More space|for nature|—nature|reserves|7|519,859|2|346,359||866,220|798,341|
|A movement|for nature|||7|363.134||334,007||697,141|475,089|
|Telling Somerset's story||||7|162,816||20,196||183.012|154,S46|
|Net gain/(loss)|on investments||||34,344||||34.344|183.097|
|Transfers between funds||||21|(163.064)|558.421|(1.539.682)|1.144.325|||
|Reconciliation offunds|||||||||||
|Fund balances|brought forward at 1April 2021||||1.180.022|3.512.684|593.242|1.741.433|7.027.381|5.566.487|
##
|Fixed assets||||||||
|---|---|---|---|---|---|---|---|
|Tangible assets|||12|1.256.804|847.651|1.231.934|832.560|
|Heritage assets|||12|4.272.386|3128.562|4.272.386|3.128.562|
|Investments|||13|935,695|908,540|935,698|908,543|
|||||6.464.885|4.884.753|6.440.018|4,869,665|
|Current assets||||||||
|Stock|||14|1.329|1.690|1.329|1.690|
|Debtors|||15|1.099.864|685.603|1.127.960|698.147|
|Deposit accounts||||2.153.802|1.802.732|2.153.802|1.802.732|
|Cash at bank and in|hand|||967.220|346.515|956.063|333.459|
|||||4.222.215|2.836.540|4.239154|2.836,028|
|Liabilities||||||||
|Creditors: amounts|falling|due within one year|16|615,977|248,493|608,204|233,048|
|Net current assets||||3r606,238|2,588,047|3r630,950|2602,980|
|Total assets less current||liabilities||10,071,123|7,472,800|10,070,968|7,472645|
|Provisions for liabilities|||17|288.819|445.419|288.819|445.419|
|Thefunds ofthe charity||||||||
|Endowment
funds||||2,885,758|1,741,433|2,885,758|1,741,433|
|Restricted funds||||1,386,188|593,242|1,386.188|593.242|
|Designated
funds||||4,308,407|3,512,684|4,308,407|3,512,684|
|Unrestricted
funds||||1,201,951|1.180,022|1,201,796|1,179.867|
|Cash ffows from operating activities||||||
|---|---|---|---|---|---|
|Net cash provided
by operating
activities|||25|2,54',261|1,101,245|
|Cash
ow from investing activities||||||
|Dividends,
interest and rental income||||17.332|13.496|
|Proceeds from the sale ofproperty,
plant and equipment||||35,000||
|Purchase ofproperty,
plant and equipment||||(1,634.007)|(155.886)|
|Proceeds from sale of investments||||96.684|139,039|
|Purchase of investments||||(101.599)|(150.978)|
|Net cash used in investing activities||||(1,586,590)|(154,329)|
|Cash and cash equivalents
at the beginning|ofthe reporting|period||2.172.425|1.225.509|
There is now a r41
opportunity to better align
nature. food production
and sustainable livelihoods
that will benefit us all.
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|Membership'|Membership'||835,332||835,332|756,831||756,831|
|---|---|---|---|---|---|---|---|---|
|Donations|and|appeals|145.780|1,906,530|2.052,310|775.314|137.369|912,683|
|Legacies|||237.304|400.000|637.304|196.732|5.000|201.732|
##
|More space fornature - nature recovery|More space fornature - nature recovery|||||||
|---|---|---|---|---|---|---|---|
|Natural
England|||29,331|29,331||12,732|12,732|
|Statutory
body grants|||93.923|93.923||30.715|30.715|
|Othergrants|||486,748|486.748||101.881|101.881|
|Consultancy
fees||99,652||99,652|19,079||19,079|
|||99,652|610,002|709,654|19,079|145,328|164,407|
|More space fornature - nature reserves||||||||
|DEFRA||469,823||469,823|411,269||411,269|
|Statutory
body grants|||76,577|76,577||4,150|4,150|
|Landfill tax credit scheme|||35,705|35,705||65.422|65,422|
|Othergrants|||136.628|136.628||121.078|121.078|
|Grazing licences and property|lettings|15,709||15,709|14,506||14,506|
|Wood and firewood sales||4,545||4,545|10,456||10,456|
|||490,077|248,910|738,987|436,231|190,650|ege,ssf|
|Amovement fornature||||||||
|Education
provision||1.300||1.300||||
|Statutory
body grants|||68,333|68,333|5,000|120,478|125,478|
|Other grants|||196,077|196,077||289,627|289.627|
|||1,300|264,410|265,710|5,000|410,105|415,105|
|Telling Somerset's story||||||||
|Statutory
body grants|||4,000|4,000||200|200|
|Othergrants|||16.196|16.196||1.997|1.997|
|Service level agreements||82.625||82,625|78,861||78.861|
|Data services||65.247||65,247|43,336||43.336|
|Sales income||19.751||19.751|2,270||2.270|
|||167,623|20,196|187,819|124,467|2,197|126,664|
##
|Shop sales||2,345||2,345|2.433||2,433|
|---|---|---|---|---|---|---|---|
|Fundraising
events||16,142||16.142|3.270||3.270|
|Other fundraising|activities|36.853||36.853|30,586||30.586|
|First Ecology|||571,323|571,323||473,266|473,266|
##
|Dividends
receivable
from equity shares|15.393|15.393|11.778|11.778|
|---|---|---|---|---|
|Interest receivable from investment
funds|||934|934|
|Interest receivable from bank and deposit accounts|1,939|1,939|784|784|
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|Expenditure|on raising|funds|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Cost ofraising funds||||186,906||53,832|240.738|167,660|49,829|217,489|
|Membership|recruitment|and retention||260,080||27,426|287.506|156,310|30.396|186,706|
|Merchandising|costs|||1.713|||1,713|2,094||2,094|
|Investment
management||fees||7.915|||7,915|8,838||8.838|
|First Ecology||||447,781||103,911|551,692|343,481|97,742|441,223|
|||||904,395|185,169||1,089,564|678,383|177,967|856,350|
|Charitable activities|||||||||||
|More space for nature - nature recovery||||447,010||67,585|514,595|204,616|55,880|260,496|
|Mores space|for nature - nature||reserves|764,085||102,135|866.220|701.702|96,639|798.341|
|A movement|for nature|||545.306|151.835||697.141|339.077|136.012|475.089|
|Telling Somerset's story||||145,309||37,703|183,012|116,707|37,839|154,546|
|||||1,901,710|359,258
2,260,968|||1,362,102|326,370
1,688,472||
|upport cost breakdown|||by activity||||||||
|Finance|||7,558|1,758
20,388||13.570|20,085|21,038|7,397
91.794|90,530|
|HR/staff support|||3.399|791|9.169|e.toe|9.035|9.465|3.326
41.291|28.822|
|Office costs|||7,281|1,694
19,638||13,069|19,345|20,268|7124
88,419|82,541|
|Property and
vehicles|motor||4,701|1,093
12,687||8,444|12,499|13,097|4,605
57,126|50,657|
|Recoverable|VAT||(3,155)|||(1.577)|(9.464)|(1.577)|(15.773)|(34r638)|
|Marketing|||18,781|18,540|848|564|10,069|47,043|308
96,153|106,758|
|Information
technology|||5,811|1.351
15.673||10.432|15.439|16,176|5,687
70,569|62.002|
|National
and
support|regional||3,612|840|9,743|6,485|9,598|10,056|3,535
43,869|46,136|
|Insurance|||560|130|1.510|1.005|1.488|1.558|548
6.799|5.147|
|Governance|||5,284|1,229
14,255||9,487|14,041|14,711|5,173
64,180|66,382|
##
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|Depreciation||81.030|65,084|
|---|---|---|---|
|Auditors'
remuneration||||
|Audit fees —current|auditor|12.450|14.392|
|Audit fees —previous|auditor|(1,749)||
|Taxation compliance|—current auditor|330|1,110|
|(Profit) on disposal offixed assets||(35.000)||
##
|Wages and salaries|1,666,840|1,378,719|
|---|---|---|
|Social security costs|149.040|120,687|
|Pension costs|111.254|92.927|
|Charitable|activities|58|49|
|---|---|---|---|
|Raising funds||10||
|Governance||||
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|Reimbursement
ofTrustees' travel and
subsistence costs|969||
|---|---|---|
|Donations received from Trustees|1.389|1.053|
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|Cost||||||||
|---|---|---|---|---|---|---|---|
|At1April 2021|3.128,562|103,946|739,830|398,782|164.024|197,752|4.732,896|
|Additions|1.143.824||395.858|35.820||58,505|1434.007|
|Disposals||||||||
|At31March 2022|4,272,386|103,946|1,135,688|434,602|164,024|256,257|6,366,903|
|Depreciation||||||||
|AtlApril2021||103.760|105.922|287.721|115.106|144.174|756.683|
|Charge forthe year|||22.803|20.161|12,234|25.830|81.030|
|Disposals||||||||
|At31Mareh 2022||103,762|128,725|307,882|127,340|170,004|837,713|
|Net book value||||||||
|At31March 2021|3,128,562|186|633,908|111,061|48,918|53,578|3,976,213|
|Charity||||||||
|Cost||||||||
|At1April2021|3,128,562|103.946|739,830|372,942|164,024|151,759|4,661,063|
|Additions|1,143,824||395,858|22,192||55,882|1,617,756|
|Disposals||||||||
|At31March 2022|4,272,386|103,946|1,135,688|395,134|164,024|207,641|6,278,819|
|Depreciation||||||||
|At 1April 2021||103,760|105,922|270,966|115,106|104,187|699,941|
|Charge forthe year|||22.503|16.923|12.234|22.596|74.558|
|Disposals||||||||
|At31March 2022||103,762|128,725|287,889|127,340|126,783|774,499|
|Net book value||||||||
|At31March 2021|3,128,562|186|633,908|101,976|48,918|47,572|3,961,122|
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|Cost ofacquisitions||1,143,824|107,584|500|
|---|---|---|---|---|
|Value ofdonated assets|||||
|Carrying
amount ofdisposals|||||
|Proceeds ofdisposals*||35,000|||
|Value ofimpairment|||||
|*Proceeds ofdisposals|in 2022 represents|the sale of land that was donated tothe|Trust.||
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|Cost||||||||||
|---|---|---|---|---|---|---|---|---|---|
|At1April2021||||||653.770|23.178|676.948|680.146|
|Additions||||||101,599|146,188|247,787|346,321|
|Disposals||||||(74,981)|(158,292)|(233,273)|(349,519)|
|Revaluations||||||||||
|Unrealised|gains at||1April 2021|||231,592||231,592|51,933|
|Net gains|/(losses)||arising on revaluations|in the year||34,344||34,344|183,097|
|Disposals/reverse||revaluations||||(21.703)||(21.703)|(3,438)|
|Charity||||||||||
|Cost||||||||||
|At 1April|2021||||3|653,770|23,178|676,951|680,149|
|Additions||||||101,599|146,188|247,787|346.321|
|Disposals||||||(74.981)|(158.292)|(233.273)|(349.519)|
|Revaluations||||||||||
|Unrealised|gains at||1April 2021|||231.592||231.592|51.933|
|Net gains/(losses)||arising on revaluations||m the year||34,344||34,344|183,097|
|Disposals/reverse||revaluations||||(21,703)||(21.703)|(3.438)|
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|Trade debtors||420.513|88.035|365.239|37.429|
|---|---|---|---|---|---|
|Other debtors||64,032|25.020|60.113|18.809|
|Prepayments
and accrued income||485,419|365,114|379,930|319,404|
|Legacies receivable||129,900|207,434|129,900|207,434|
|Amounts
owed by subsidiary|company|||192.778|115.071|
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|Amounts
falling due within one year|||||
|---|---|---|---|---|
|Trade creditors|265,065|155,670|263,007|144,935|
|Other creditors and ace ruals|350,912|92.823|345,197|88,113|
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|Provisions|||||||
|---|---|---|---|---|---|---|
|At1April2021|||445,419|600.000|445.419|600.000|
|Provisions recognised||in the year|||||
|Provisions released|in|the year|(156,600)|(154,581)|(156,600)|(154.581)|
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|Financial assets measured
the income and expenditure|at fair value through
account|935695|9Q8|540|935f98|9Q8 543|
|---|---|---|---|---|---|---|
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|2022|||||||
|---|---|---|---|---|---|---|
|Financial assets measured||at fair|||||
|value through|the income|and|15.393|34.344|15.393|34.344|
|expenditure|account||||||
|2021|||||||
|Financial assets measured||at fair|||||
|value through|the income|and|12,712|183,097|12.712|183.097|
|expenditure|account||||||
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|Within one year||||10,847||10,847|||
|---|---|---|---|---|---|---|---|---|
|Due one to five years|||||||||
|20.STATEMENT OF FUNDS|||||||||
|unrestricted
funds|||||||||
|Income fund|||1.180.022|2.383.759|(2.233.110)|(163.064)|34.344|1.201.951|
|Totalunrestricted
funds|||1,180,022|2,383,759|(2,233,110)|(163,064)|34,344|1,201,951|
|Designated
funds|||||||||
|Nature reserves|||1.387.315||(2)|||1.387.313|
|Operating
freehold|||633.103|||373,055||1.006,158|
|Nature reserves development|||16,354|||||16,354|
|Development
reserve|||1.235.799|237.304||90.841||1.563.944|
|Innovation
fund|||40,113|||(6,571)||33,542|
|Nature reserves fund|||200,000|||||200,000|
|Honeygar||||||35.000||35.000|
|Somerset Environmental||Records Centre||||66.096||66.096|
|Total designated
funds|||3,512,684|237,304|(2)|558,421||4,308,407|
|Restricted funds|||||||||
|More space for nature|—nature recovery||37.551|2.832.126|(416,858)|(1.539,682)||913.137|
|More space for nature|—nature reserves||270.109|310.590|(346.359)|||234.340|
|A movement
for nature|||285,582|287136|(334,007)|||238,711|
|Telling Somerset's story||||20,196|(20,196)||||
|Total restricted funds|||593,242|3,450.048|(1,117,420)|(1,539,682)||1,386188|
|Endowment
funds|||||||||
|Nature reserves|||1,741,433|||1,144,325||2,885,758|
|Total endowment
funds|||1,741,433|||1,144,325||2,885,758|
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|Designated funds|||||
|---|---|---|---|---|
|Operating
freehold reserve|||373,055|(14,885)|
|Development
reserve|||90.841|500.000|
|Innovation
fund|||(6.571)|(2.489)|
|Honeygar|||35,000||
|Somerset Environmental||Records Centre|66.096||
|Restricted funds|||||
|More space for nature|—nature recovery||(1.539.682)||
|More space for nature|—nature reserves|||(108,944)|
|A movement
for nature||||(29,486)|
|Endowment
funds|||||
|Nature reserves|||1.144.325|107.584|
|Unrestricted
funds|||(163,064)|(451,780)|
##
|Tangible and heritage lixed assets|249,961|2,393,471||2,885,758|5,529,190|
|---|---|---|---|---|---|
|Investments|935,695||||935,695|
|Current assets|921,091|1,914.936|1,386.188||4.222.215|
|Current
liabilities|(615.977)||||(615.977)|
|Provisions for liabilities|(288,819]||||(288,819)|
##
|Turnover||573,188|475,301|
|---|---|---|---|
|Cost ofsales||403,265|306,541|
|Gross profit||169,923|168,760|
|Administrative|expenses|97.432|77,974|
|Taxation||||
|Net profit after taxation||72,491|90,786|
|Paid under gift|aid to Trust|72,491|90,786|
|Profit brought|forward|152|152|
|Assets|197.990|127.956|
|---|---|---|
|Liabilities|(197.835)|(127.801)|
##
##
|Net income/(expenditure)
forthe reporting|Net income/(expenditure)
forthe reporting|period (as per the statement|oflinancial activities)|2,754,923|1,460,894|
|---|---|---|---|---|---|
|Adjustments
for:||||||
|Depreciation
charges||||81,030|65,084|
|(Gains) on investments||||(34.344)|(183.097)|
|Dividends,
interest and rents from investments||||(17,332)|(13,496)|
|(Profit) on disposal offixed assets||||(35,000)||
|(Decrease) in provision for liabilities||||(156.600)|(154.581)|
|(Decrease) in defined benefit pension|liability||||(220.867)|
|(Increase)/decrease
in debtors||||(414,261)|75,318|
|Decrease/(increase)
in stocks||||361|(31)|
|Increase in creditors||||367.484|72.021|
##
|Cash at bank and in hand|967,220|346,515|
|---|---|---|
|Deposit accounts (less than 3months)|2,153,802|1,802,732|
|Investment
cash holdings|11,074|23,178|
##
|Income from:|||||||
|---|---|---|---|---|---|---|
|Donations
and legacies||1.532.145|196.732|142.369||1.871.246|
|Charitable
activities:|||||||
|More space for nature|—nature recovery|19,079||145,328||164,407|
|More space for nature|—nature reserves|436.231||190.650||626.881|
|A movement
for nature||5,000||410,105||415,105|
|Telling Somerset's story||124,467||2,197||126,664|
|Other trading activities||509,555||||509.555|
|Investments||13.496||||13.496|
|Other income||95,265||||95,265|
|Expenditure
on:|||||||
|Raising funds||970,216||||970,216|
|Charitable
activities:|||||||
|More space for nature|—nature recovery|130.585|2|129,909||260,496|
|More space for nature|—nature reserves|567.04S||231.296||798.341|
|A movement
for nature||158,553||202,670||361.223|
|Telling Somerset's story||152,349||2,197||154,546|
|Current service pension cost/(credit]|||||||
|Provision for Ash Dieback liability|||||||
|Net gains on investments||183,097||||183,097|
|Transfers between funds||(451.780)|482.626|(138,430)|107.584||
|Reconciliation offunds|||||||
|Fund balances brought forward at1 April 2020||692,215|2.833.328|407.095|1.633.849|5.566,487|
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|Unrestricted
funds||||||||
|---|---|---|---|---|---|---|---|
|Income fund||692.215|2.735.238|(1.978.748)|(451.780)|183.097|1.180.022|
|Total 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|
|29.ANALYSIS OF GROUP NET||ASSETS BETWEEN FUNDS 2021||||||
|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)|
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34 Wellington Road
Taunton
Somerset TA15AW
01823 652400
somersetwildlife.org
Charity numbar 238372
Company number 818162
Somerset
Wildlife Trust