2023-03-31-accounts

Trustees			Mr R Walter (Vice Chatr)	Mr R Walter (Vice Chatr)
			Mrs S I'mn (Sccrctary)
			Mr I M Stephens
			Mr D Rees
			Mr M Leppard	(Chatr)
			Mr I Newton	(Treasurer)
			Miss L (lot)and
			Mr R Howell		(Appointed	21 September 2022)
			Ms K (.(oleman		(Appomted	21 September 2022)
Secretary			Mm S Fmn
Charity	number		242619
Company		number	008(2535
Registered		office	Sad(don House
			Dingestow
			Monmouth
			Monmouthshire
			Umtcd Kmgdom
			NP26 4DY
Au ditnr			~HY Hacker	Young
			Bradbury House
			Mtsston Court
			Neo port
			Gwent
			Untted Ktngdom
			NP20 2D(V

		Page
Trustees report
Independent audttor's	rcport	9 II
Statement ot tmanctal	acttvtttes	12-13
Balance sheet		14
Statement ofcash flows
Notes to the tinanctal	stateutents	16-31

The destbmauons	front Legacy Fun	ds are as follows
Designation		Amount	Designated
Operational		05tl.107
Financial Resets	«s	ftll7,519
Revenue Protection		f101641
In vcstmcnt		f319,374
Total Remalnlng		g1,298,641

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Tntal
					fuads	funds		funds	funds
									As restated	As restated
									(Note 19)	(Note 19)
					2I123	2023	2023	2022	2022	2022
				Notes				f	f
Income and endowments				from:
Donations and		legames
				3	603,540	67,069	670,609	444.675	21.267	465,942
Advanccnwniof
chantable ob)ectives					203,424	969.119	1,172.543	187,718	757,680	945,398
Other trading	activities
					26,497		26,497	7,872		7,1i72
Investments					21,695		21,695	27.737		27,737
Other income								1,977		1,977
Total income					855,156	1,03(,188	1,891,344	669,979	778,947	IA48,926
Acllv lllcs for
generatmg funiLs					135,512	12(,279	261,791	68,083	55,488	123,571
Advancement	of
chat itable ob)ectives				9	747,764	591.214	1,338.978	678,385	429,631	1,108,016
Other				15	12,717		12,717
Total expenditure					895,993	717,493	1.613,486	74/1.46fl	485.119	1,231.587
Net (outgoing)/incoming
resources before			traasfers		(40.1137)	31fi 695	277 f)511	(76,489)	293.82fl	217,339
Gross transfers		between
funds					31,G89	(31.689)		107.49G	(107,496'1
Net (expenditure)/Income				for
the year/
~et mnvement		in	funds		(9,148)	2fi7.006	277.1158	31.007	186,332	217,339
I.und balances		at	1 Apnl	2022
					1,572,465	1,702,072	3,274,537	1,541,458	1,515,740	3,057,198
Fund balaaces		at 31 blarch
2023					1,563,317	1.989,078	3652,395	1,572.465	1,702.072	3,274.537

			2023		2022	2022
					As restated	(Note	19)
		Notes
Fixed assets
Tangthlc assets		17		96,659			62,321
Hentag«assets		18		2,000.184			2,017,727
				2,096.t143			2,080,048
Current assets
Debtors		20	210,400		160.214
Cash at bank and m	hand		1,264,464		1.047,133
			1,474,864		1207,347
Creditors: amouats	faging duc vtitbin onc
year		21	(19,312)		(12.858)
Net current assets				1,455.552			I,194,489
Total assets less current liabBitles				3,552 395			3,274,537
Income funds
Restncted funds		23		1,989,078			1.702,072
Unrestncted funds
f)estgnated funds		24	1.363,603		1„362,254
General unrestncted	funds		199,714		210,211
				1,563,317			1.572,465
				3,552,395			3,274,537

						2023		2022
					Notes
Cash Rows from operating			activities
Cash generated		Rom/(absorbed by)		operations	27		273.549		(27,768)
Investing	activities
Purchase	oftangible fixed assets					(79,071)		(2 I47)
Procculs	from	disposal ofmngiblc		Sxcd assets		(4,867)		1.977
Proceeds	from	disposal ofheritage		assets		6,825
Investment	mcome received					21,695		27.737
Nct cash	(used	in)/generated	from	investing
astir Itlcs							(56,210)		27,467
Net cash	used	In financing	activities
~et increase/(decrease) in cash and cash equivalents							217.331		(301)
Cash and	cmh	cquivalcuts at	bcgmoing ofyear				1,047,133		1,047,434
Cash and	cash	cquivaleats	at end	ofyear			1,264,464		1,047,133

			Uarestrlcted	Restricted	Total	Total
			funds	funds	2023	2022
						f
Donanons	and gths		10,355	67,069	77,424	44,014
Legactes	recetvable		345,316		345,316
Government		granu				509
Membershtp		fees	204,030		204,030	194,755
Donated	land					176,000
Gtd atd			43,031		43,031	43,640
			603,540	67,069	670,609	465,942
For tbe year		ended 31 March 2022	444,675	21,267		465,942
Grants receivable for core activities
Job rtuentton		scheme				509
						509

							2023	7077
							f
	Sales ofservices hy beneficiaries						117.017	68,947
	firants						1,055,526	876,451
							1,172,543	945,398
	Analy»s by	fund
	Unrestncted	funds					203,424	187,718
	Restricted hiiuls						969.119	757,680
							1,172.543	945,398
	Grants
	RSPBWales						10,358	47,096
	Aiicurin Bcvan		Um					25,001
	NRW						6,730	100,390
	Blaenau Gwent		CBC				197,536	119,757
	National Lottety Hentage			Fund			197,853	68,868
	Idris & Margaret Jones Chantable					Trust		9030i0
	People's Postcode Lottery						58 050	69,830
	National Lottery Commumty				Fund		65,144	43,852
	Welsh Government						124.029	150,914
	Wye Valley	AOIIB					10(1,804	50,065
	Nurth Wal«s	Wildhfe Trust					117,682	103,966
	Swire CT						55,102
	Wt'VA						44,795
	Millennium	Stadnim					7.500
	Other						69,943	6,712
							1,055,526	876,451
5	Other trading		activities
							Linrestrlcted	Unrestricted
							funds	funds
							2023	2022
								f
	Fundmiving						26.497	7,872

								Unrestricted	Unrestricted
								funds	funds
								2023	2022
									8
	Rents received							13,521	10,370
	Hohday lemngs								12,926
	Intere t receivable							8.174	4,441
								21.695	27,737
7	Other lacome
								Total	tinrestrlcted
									funds
									2022
									f
	Net gam on		dispus«I oftangibl«		tixed assets				1,977
8	Actlmtles	for generating		funds
						L'nrestrlcted	Restrlctctl	Total	Tots I
						funds	funds	2023	2022
								8	8
	Rent, rates		and water			1.167		1,167	4,043
	Contractor	costs				98,459	12(,279	224,738	106,852
	OITice and	esmblishmeni		coen		102		102	102
	Recruitment		and iundraismg			1,051		1,051	1,119
	Statf costs					34,733		34,733	11,455
	Fundraismg		and pubhcity			135,512	126,279	261,791	123,571
						135,512	126,279	261,791	123,571
	For tbe year ended 31 March				2022
	Fundmtsmg		and pubhcity			68,083	55.488		123,571

							Direct Costs	Direct Costs
							21)23	2022
	Statt costs						801,634	688,767
	Iyeprectatton and nnpairment						48,401	54,119
	Matenals &equipment						71,680	17,9tl I
	Legal & profcustonal						5,352	5,453
	Oftice &estabhshment		costs				114,355	83,721
	Irrecoverable VAT						45,28tl	14,891
	Travd &subsistence						10,607	4,592
	Publicauons						27,488	13,319
	Promotional expenses						8,012	5,662
	Financial management						50,797	51,055
	Staff & volunteer developm«nt				co~t~		23,821	21,159
							1,207,435	960,719
	Grant fundmg ofactivities			(se«note 10)			10,(59	39,614
	Sharc uf suppon cutis		(scc note			I I)	3,744	3,744
	Share ofgovernance	costs		(see	note 11)		117,640	103,939
							1,338,978	1,108,016
	Analysts by fund
	Unrestncted funtLs						747,764	678,385
	Rcstnctcd I'unde						59(,2(4	429,631
							1.338.978	(.108,016
10	Grants payable
							Direct Costs Direct Costs
							2023	2022
							f	f
	(Jrallts to Illstltutlotls.
	Montgomeryshire )Vildhfe			Trust				5,(88
	Royal Society ofWildlife			Trusts		for Wildlife Trust Wales		17,824
	North Wales Wildhfi:		Trust					9,719
	National Lottery Heritage			Fund				6,883
	Durrell Wildlife Conservation				Trust		10,159
							10,159	39,614

Support c	osts
		Support costs	Governance	2023	2022	Basis ofaHocatioa
			costs
		2	f.
Operating	lcasc charges			3,744	3,744	Support Governance Governance
Audit fees			9,130	9,130	8,750
Cons ~Itancy and legal fees			106.020	106.020	94,056
Meeting co~t~			2,173	2, 173	1,133	Governance
Trustee expenses			317	317		G0vcmaircc
		3.744	117,640	121,384	107.683
Analysed	beuveen
I'hantable	activities	3,744	117.640	121,384	107,683

	Remuneratloa of	Remuneratloa of	key	raanagement	raanagement	personael	personael
	The remuneration		ofkey management			personnel		is es tollens
									2023	2022
										f.
	Ag ucgutc cumjxxtsattun fur 5				mdieiduals		(2022.	5)	182,013	184,590
15	Other
									2023	2022
										f
	Net loss on disposal oftanbuble				tixed	meets			12,717
16	Taxation
	The charity	is exempt		for rex
17	Tangible fixed assets
									Plant end equipment
										8
	Cost
	At I April 2022									339,396
	Additions									79,871
	Dispoxals									(29,434)
	At 31 March	2023								389,833
	Depreciation	and	impairment
	At I April 2022									277,075
	Dcprcciation	charged		m thc )car						37,683
	Eliminuted in respect			ofdisposuls						(21,584)
	At 31 March	2023								293,174
	Carrying amnunt
	At 31 March	2023								96,659
	At 31 March	2022								62,321

He	ritage assets
		~ature
		reserves
		f
		As restated
		(Note 19)
At	I Apnl 2022	2,017,727
Depreciation		(10,718)
Dtsposals		(6.825)
At	3I 111arch 2023	2,000,184

	2023	2022	2021	2020	2019
At I Apol	2,017,727	1,852,604	1,863,481	1,746,009	1,384,863
Purchases				128,349	369,552
Donated assets		176,000			2,471
Dcpra:tattoo	(10,718)	(10,877)	(10,877)	(10,877)	(lb.877)
Disposals	(6.825)
At 31 March	2.000, 1'14	2,017,727	1,852.604	1,863.481	1,746.009

211	Debtors
					2023	2022
	Amounts falling due»lthin			one year:
	Trade debtor				76.373	101,792
	Other debtors				52,489	29,975
	Prepayments	and accnied	mourne		tl1.538	2ti,447
					210,400	160,214

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25	Aaalysis of	net assets betweea funds	net assets betweea funds	net assets betweea funds
				Unrestricted	Restricted		TotalUnrestricted		Restricted		Total
				2023		2023	2(123	2022		2022	2022
										As restated	As restated
										(Note 19)	(Note 19)
											g
	Fund balances		at 31
	March 2023	are
	represented	by
	Tangible assets			3,914		92.745	96,659	16,955		45,366	62,321
	Hcntagc assets			480,523		1,519,661	2.000,184	480.523		1,537,204	2,017,727
	Cun ent assetsf(liabilitiesl			1.07fl,880		376.672	1,455,552	1.074,987		119,502	1,194.4fi9
				1,563.317		1,989.078	3,552,395	1.572,465		1,702.072	3,274,537

						2023	2022
	Within one year					1.872	3,744
	Between nvo and five	years					1,872
						I 872	5,616
27	Cash generated from	operations				2023	2022
							g
	Surplus for tlie year					277,858	217,339
	Adlusimenb f'or
	Imesnnent mcome iecogmsed		m	statement offinancial	activities	i21,6951	(27,737)
	Loss)(gain) on disposal	oftangible		tixed assets		12,717	(1.977)
	(iihed hentage assets						(176,000)
	Depreciation and impairment		oftanmblc tixcd assets			48,401	54, 11'1
	Movomcnts m workmg	oapitak
	(Increase) in debtors					i50.186)	(72,166)
	Increase'(decrease) in	creditors				6,454	(21,346)
	Cash generated from/(absorbed			by) operations		273,549	(27,76fl)