##
##
|Legal and administrative
information||
|---|---|
|Introduction
from the Chairman||
|Trustees' Re ort consistin
ofthe followin||
|Structure and management|4|
|Environmental,
Social &Governance|6|
|Risk Management|7|
|Trust vision, objectives and strategic plans|9|
|Review ofyear ended 31 March 2022|10|
|Financial
review and results for the year|16|
|Trustees'
responsibilities
and approval|21|
|Independent
auditor's
report|22|
|Statement offinancial
activities|26|
|Balance sheet|27|
|Cash flow statement|28|
|Notes to the financial statements|29|
##
##
##
##
|Affinity Water|||||||National
Lottery Community
Fund||
|---|---|---|---|---|---|---|---|---|
|Arts Councii England|||||||National
Lottery Heritage
Fund||
|Christopher
Laing Foundation|||||||People's Postcode Lottery||
|Dacorum
Borough Council|||||||Postcode Planet Trust||
|Environment
Agency|||||||Royal Society of Wildlife Trusts||
|Friends ofTewin|||||||Rural Payments
Agency (DEFRA)||
|Graham
and Henrietta
Somervell's|Wildlife||Trust||||Seeds of Change||
|Great Big Green Week Community|Fund||||||StAlbans City &District Council||
|Green Recovery Challenge
Fund delivered
Heritage
Fund
in partnership
with Natural|||by The National
England
and the|||Lottery
Environment|Stevenage
Borough Council
Tarmac Limited||
|Agency|||||||Tesco Community
Grants||
|Harpenden
Town Council|||||||Thames Water||
|Hertford Town Council|||||||The Banister Charitable
Trust||
|Hertfordshire
Community
Foundation|||||||The Debs Foundation||
|Hertfordshire
County
Council|||||||The Linder Foundation||
|Hertfordshire
County Council Locality Budget||||(Cllr|Crofton,|Cllr Eames-|The Tree Council||
|Petersen,
Cllr Kaye, Cllr Stevenson)|||||||Three Rivers District Council||
|Highways
England|||||||Veolia Environmental
Services||
|HS2 Caine Valley Regional
Park Panel|||||||Waitrose
&Partners||
|HS2 Ltd|||||||Wetford Borough Council||
|John Davis|||||||Welwyn
Hatfield
Borough Council||
|Kate
Ay lett|||||||West Herts Environment
Forum||
|Lee Valley Regional Park Authority|||||||Wild Trout Trust||
|London Borough of Hillingdon|||||||Woodland
Trust||
|We continue to champion
wildlife through||our advocacy work||||with local government,
MPs and business leaders||on|
|specific subjects such as the impact of Brexit and the future ofagri-environment
funding
and wildlife legislation.||||||||We|
|continue
to play a full role within the Wildlife|||Trusts federation|||in national campaigns.
We have continued
to engage|||
|with Natural
England,
the Environment|Agency,|||the|Colne Valley Regional||Park, the Lee Valley Regional Park||
|Authority,
the Chilterns
AONB, local authorities||||and|businesses
in order to||support ajoined-up
approach
to delivering||
|nature's
recovery and recognise that|the future|||ofwildlife
is integrally
linked|||to addressing
climate change.||
|Working
with local authorities
continues to||be a||priority for the Trust in terms ofhaving
local impact and benefiting|||||
|local communities.
Special thanks go|to County|||Cllrs Croffon,||Eames-Petersen,
Kaye, and Stevenson
for their support|||
|through
their Locality Grants.|||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2022|2021|
|||||Note|f000|f000|f000|f000|
|income from:|||||||||
|- Donations
and|legacies:||||||||
|Membership
subscriptions||||2|1,170||1,170|1,057|
|Donations,
gifts|and grants|||4(a)|84|488|572|476|
|Legacies|||||82|5|87|3|
|- Other trading|activities:||||||||
|Fundraising
activities|||||58||59|182|
|Investment
and|other income||||34||34|59|
|Income from charitable||activities:|||||||
|- Fees and contracts||||4(b)|24|483|507|399|
|Total income|||||1,452|977|2,429|2,176|
|~EChih|||||||||
|Costs ofraising|funds|||5|655|10|665|464|
|Expenditure
on|charitable||activities:||||||
|Conservation
and nature|||reserves|5|874|771|1,645|1,561|
|Total expenditure|||||1,529|781|2,310|2,025|
|Net gains/(losses)
on investments||||12(a)|22||22|161|
|Net income|||||(55)|196|141|312|
|Transfers|||||||||
|Net movement|in funds|||6|(55)|196|141|312|
|Fund balances|brought||forward||2,001|3,241|5,242|4,930|
|Fund balances|carried|forward|||1,946|3,437|5,383|5,242|
##
##
|||31 March|31 March|31 March|31 March|
|---|---|---|---|---|---|
|||2022|2022|2021|2021|
||Note|8000|5000|FOOO|EOOO|
|Fixed Assets||||||
|Tangible fixed assets|9||243||258|
|Intangible
Fixed assets|10||33||42|
|Nature reserves|11||1,857||1,853|
|Investments|12||1,255||1,247|
||||3,388||3,401|
|Current Assets||||||
|Debtors|13|224||271||
|Short term investments|14|251||249||
|Cash and cash equivalents|14|1,733||1,522||
|||2,208||2,042||
|Creditors: Amounts||||||
|falling due within one
year|15|~213||201||
|Net Current Assets|||1,995||1,841|
|Net Assets|||5,383||5,242|
|Funds||||||
|Unrestricted
funds:||||||
|General funds|17||765||914|
|Designated
funds|17||1,181||1,087|
|Restricted funds|18||3,437||3,241|
|Total Funds|||5,383||5,242|
##
##
|||||||31|31|31|31|
|---|---|---|---|---|---|---|---|---|---|
|||||||March|March|March|March|
|||||||2022|2022|2021|2021|
|||||||f000|f000|EOOO|OOOO|
|Cash flows from o eratin|activities|||||||||
|Net movement
in funds||||||141||312||
|Adjustments
for:||||||||||
|Depreciation||||||38||21||
|Losses / (gains) on fixed and||current investments||||(22)||(177)||
|Investment
manager fees||||||||8||
|Investment
and interest income||||||(34)||(59)||
|Movement
in debtors||||||47||32||
|Movement
in creditors||||||13||7||
|Movement
in provision||||||||||
|Cash generated
from operating|||activities||||183||144|
|Cash flows from investin|activities|||||||||
|Investment
and interest income||||||34||59||
|Repayment
offixed asset investment
Purchase
oftangible
fixed assets
Purchase
of nature reserves||||loan||15
(15)
~4||(75)
~199||
|Net cash used in investing||activities|||||30||(215)|
|Change
in cash and cash||equivalents|||in the||213||(71)|
|reporting
period||||||||||
|Cash and cash equivalents|at the||beginning||ofthe||1,771||1,842|
|reporting
period||||||||||
|Cash and cash equivalents||at|the|end|of the|||||
|reporting
period|||||||1,984||1,771|
##
##
##
##
##
##
##
##
|2. Household
memberships|2. Household
memberships|2022
No.|2021
No.|
|---|---|---|---|
|Total Memberships|at the start ofthe year|12,319|12,342|
|Net change||634|(23)|
|Total Memberships|at the end ofthe year|12,953|12,319|
##
##
|3.Comparative
Statement ofFinancial Activities|3.Comparative
Statement ofFinancial Activities|Unrestricted
Funds|Restricted
Funds|Total
2021|
|---|---|---|---|---|
|||6000|f000|6000|
|Income from:|||||
|- Donations
and legacies:|||||
|Membership
subscriptions||1,057||1,057|
|Donations,
giRs and grants||69||76|
|Legacies||3||3|
|-Other trading
activities:|||||
|Fundraising
activities||174||182|
|Investment
and other income||59||59|
|- Income from charitable|activities:||||
|Grants|||400|400|
|-Fees and contracts||30|369|399|
|Total income||1,392|784|2,176|
|~Ex
Cht|||||
|Costs of raising funds||||464|
|Expenditure
on charitable|activities:||||
|Conservation
and nature|reserves|811|750|1,561|
|Total expenditure||1,260|765|2,025|
|Net gains/(losses)
on investments||161||161|
|Net income||293|19|312|
|Transfers||(36)|36||
|Net movement
in funds||257|55|312|
|Fund balances brought|forward|1,744|3,186|4,930|
|Fund balances carried forward||2,001|3,241|5,242|
##
##
|4.(a) Donations,
gifts and grants|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||2022|2022|2022|2021|
||8000|EOOO|8000|8000|
|Affinity Water||58|58||
|Astonbury
Wood Appeal||207|207||
|Bannister Charitable
Trust||||12|
|CJRS (Job Retention Scheme)||||19|
|Environment
Agency||48|48|89|
|Heritage
Lottery Fund||100|100|156|
|Hertford
Town Council||||30|
|Herts Community
Foundation||||15|
|Highways
England||10|10||
|HS2 —Caine Valley Bats||||26|
|Linder Foundation||||13|
|People Postcode Lottery
Rural Payments
Agency (Defra) *|35|10|10
35|10
40|
|Other|49|55|104|66|
|Total|84|488|572|476|
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|4.(b)Fees and contracts||2022
8000|2022
EOOO|2022
EOOO|2021
OOOO|
|Affinity Water —Biodiversity|Management||59|59|62|
|Rent for Angling
Licences||||11|11|
|Consultancy|||19|19|11|
|Hertfordshire
County Council|- HERC||45|45|44|
|HS2/HLF —Colne Valley|||180|180|78|
|Harpenden
TC - People 8 Wildlife Officer|||||22|
|StAlbans
District Council|||33|33|25|
|Tarmac - Panshanger
P &WO|||52|52|21|
|HERC Data search invoices|||60|60|52|
|HERC Annual
Licences|||24|24|19|
|Stevenage
Borough Council|||||10|
|Other||13||24|44|
|Total||24|483|507|399|
##
##
||||||Expenditure|Expenditure||||
|---|---|---|---|---|---|---|---|---|---|
||||||on Raising|on Charitable||||
|5.Analysis oftotal|expenditure||||funds
2022|activities
2022|Governance
2022|Total
2022|Total
2021|
||||||8000|FOOO|8'000|8000|8000|
|Direct costs:||||Note||||||
|Staff 8 volunteer
costs|||||291|745||1,044|970|
|Nature reserves
and|project|||||393||393|338|
|expenditure||||||||||
|Publications,
newsletters|||& publicity|||102||110|104|
|Annual
contribution|to RSWT*|||||47||47|48|
|Depreciation||||6/9|7|24||38|21|
|Membership
recruitment|||8 servicing||255|||255|115|
|Audit and accountancy||fees|||2||3|11|11|
|Council expenses|||||||1|1||
|Sub total|||||563|1 317|19|1,899|1,607|
|*Royal Society ofVttldlife|Trusts|||||||||
|Supportcosts:||||||||||
|Staff &volunteer costs||||7|41|137|43|221|232|
|Finance|||||4|1||5|5|
|Office|||||22|70|20|112|96|
|Information
technology|||||11|34|9|54|61|
|Legal and professional||fees|||2|14|3|19|24|
|Sub total|||||80|256|75|411|418|
|Total|||||643|1,573|94|2,310|2,025|
|Allocation
ofGovernance|||costs||22|72|(94)|||
|Total (post allocation)|||||665|1,645||2,310|~2025|
##
##
||||||
|---|---|---|---|---|
|8.
Net movement|in funds||||
||||2022|2021|
||||EOOO|6000|
|Net movement
in funds is stated after charging:|||||
|Auditors'
remuneration|||||
|-statutory
audit|||||
|—other services|||||
|Operating
lease rentals|||||
|- plant and machinery|||11|8|
|Depreciation —owned|assets||29|21|
|and crediting;|||||
|Interest receivable|||5|8|
|7.Staff costs and numbers|||2022|2021|
||||6000|6000|
|Salaries
Social security costs|||1,018
96|1,016
99|
|Employer's
pension|||80|73|
|Total|||1,184|1,188|
||||2022|2021|
|The average
number|ofemployees|during the year was:|No.|No.|
|Conservation
and Nature Reserves|||12|12|
|Support and Administration|||7|6|
|Fundraising
and Publicity|||11|9|
|Projects|||8|8|
|Total|||38|35|
##
##
##
##
|9.Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|
||Land,|||||||
||Buildings|&||||||
||Reserves||Office|Office|Motor|Plant and||
||Infrastructure
f000||Equipment
6000|Refurb
K'000|Vehicles
6000|Equipment
FOOO|Total
6000|
|Cost||||||||
|At 1 April 2021|256||137||47|29|469|
|Additions|5||3||||15|
|Disposals||||||||
|At 31 March 2022|261||140|7|47|29|484|
|Depreciation||||||||
|At 1 April 2021|67||48||47|29|211|
|Charge for the year|7||22||||29|
|Eliminated
on disposals||||||||
|At 31 March 2022|94||70||47|29|240|
|Net Book Value||||||||
|At 31 March 2022|167||70||||244|
|At 31 INarch 2021|169||89||||258|
|10.Intangible Assets|10.Intangible Assets||Net Book|Cost|Depreciation|Net Book|
|---|---|---|---|---|---|---|
||||Value|E'000|K'000|Value|
||||1 April|||31 INarch|
||||2021|||2022|
|Customer|Relationship|Software|42|||33|
|11.Nature|Reserves|||Cost|Additional|Cost|
||||1 April 2021||Blagrove|31 March|
|||||E'000|6'000|2022 K'000|
|Cost of Nature Reserves||||1,853|4|r 857|
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|12.
Fixed asset investments|||||||6000|EOOO|
|Listed investments
(a)|||||||1,255|1,233|
|Loan to Wildlife Fundraising|(Central)|||Ltd (b)||||15|
|Total|||||||1,255|1,248|
|a)
Listed investments|||||||2022|2021|
||||||||f000|EOOO|
|Market value at 1st April|||||||1,233|1,064|
|Additions|||||||||
|Gross Unrealised
(losses)/gains|||||||22|177|
|Investment
manager fees||||||||(8)|
|Market value at 31 March|||||||1,255|1,233|
|Analysis
by type offund|||||||||
|Sarasin —Alpha CIF for Endowments||||||||791|
|Sarasin —Growth
Fund|||||||806||
|Sarasin —Alpha CIFfor Income||& reserves||||||315|
|Sarasin —Climate Active Endowment||||Fund|||317||
|Black Rock —Charinco Common||Investment|||Fund||56|57|
|Black Rock —Charishare
Restdicted|||Common||Investment|Fund|76|71|
|Market value at 31 March|||||||1,255|1,233|
|Historical costat31 March|||||||||
||||||||978|978|
##
##
##
|13.Debtors||||
|---|---|---|---|
|Due within one year:||2022
OOOO|2021
6000|
|Trade debtors||55|61|
|Gift Aid debtor||64|36|
|Prepayments|and accrued income|105|174|
|As at 31 March||224|271|
##
|14.Short term investments
and cash and cash|14.Short term investments
and cash and cash|equivalents|2022
EOOO|2021
FOOO|
|---|---|---|---|---|
|Short term investments:
Fixed notice accounts (notice exceeding 3months||*)|251|249|
|Funds are held in a 12month notice account with|Close Brothers.||||
|Cash at banks:|||||
|Current accounts|||1,733|1,522|
|Total Cash 8 Cash equivalents|||1,984|1,771|
|15.Creditors: Amounts
falling due|within one year||2022|2021|
||||8000|FOOO|
|Life Members'
Subscriptions|||10|12|
|Trade creditors|||23|24|
|Other creditors, accruals and deferred|income||154|133|
|Taxation and social security|||26|32|
|As at 31 March|||213|251|
||||2021|Releases|Additions|2022|
|---|---|---|---|---|---|---|
|Deferred|Income||8'000|K'000|K'000|8'000|
|Rattys Lane S.106|||58|||58|
|Contractual|Income (prepaid)||40|(18)|30|52|
|Corporate|Memberships|(Annual)|6|(6)|7|7|
|Event Income (prepaid)
Total|||104|~24|7
44|7
124|
##
##
##
|Fund balances at 31 March 2022|Restricted|Unrestricted|Funds|Total|
|---|---|---|---|---|
|as represented
by:|Funds|Designated|General|Funds|
||6000|6000|EOOD|8000|
|Fixed assets|142||134|276|
|Nature reserves|1,818||39|1,857|
|Investments|200|449|606|1,255|
|Cash and cash equivalents|1,395|608|(270)|1,733|
|Short term investments||124|12?|251|
|Other net current assets/(liabilities)|(118)||129|11|
|Total Net Assets|3,437|1,181|785|5,383|
|Fund balances at 31 March 2021|Restricted|Unrestricted|Funds|Total|
|as represented
by:|Funds|Designated|General|Funds|
||6000|8000|6000|8000|
|Fixed assets|169||131|300|
|Nature reserves|1,817||36|1,853|
|Investments*
Cash and cash equivalents|215
1,137|443
521|590
(136)|1,248
1,522|
|Short term investments||123|126|249|
|Other net current assets/(liabilities)|(97)||167|70|
|Total Net Assets|3,241|1,087|91?|5,242|
##
##
|17.Total funds|At at
1stApril
2021
8000|Income
FOOO|Expenses
8000|Investment
gsinsl
(losses)
EOOD|Transfer
sf000|As at
31"March
2022
EOOO|
|---|---|---|---|---|---|---|
|Unrestricted
Funds|||||||
|General
Fund|914|1,370|(1,526)|7||765|
|Endowment
Fund*|791|||15||806|
|Legacies Fund*|296|82|(3)|||375|
|Total Unrestricted
Funds|2,001|1,453|(1,529)|22||1,946|
|Restricted
Funds
(note 19)|3,241|977|(781)|||3,437|
|Total Funds|5,242|2,429|(2,3'I0)|22||5,383|
##
||||||Investment||At|
|---|---|---|---|---|---|---|---|
|||At
1stApril|Income|Expenses|gsinsl
(losses)|Transfers|31stMarch
2021|
|||2020 KOOO|5000|8000|FOOO|OOOO|f000|
|Unrestricted|Funds:|||||||
|General
Fund||763|1,389|(1,260)|21||914|
|Endowment|Fund|651|||140||791|
|Legacies Fund||330|3|||(36)|296|
|||1,744|1,392|(1,260)|161|(36)|2,001|
|Restricted|Funds|3,186|784|(765)||36|3,241|
|Total Funds||4,930|2,176|(2,025)|161||5,242|
##
##
##
##
##
##
##
##
||2022|2021|
|---|---|---|
|Operating
leases which expire:|Other
fQQO|Other
f000|
|Within one year|13||
|Between one and five years|29||
||42||
##
##
##