2022-03-31-accounts - Worcestershire Wildlife Trust

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		Page
Report of the	Trustees	2 to 10
Statement of Trustees Responsibilities
Report of the	Independent Auditors	12to 14
Consolidated	Statement of Financial Activities
Consolidated	and Charity Balance Sheet	16
Consolidated	Cash Flow Statement	17
Notes to the	Cash Flow Statement	18
Notes to the	Financial Statements	19to 42

						31.3.22	31.3.21
			Unrestricted	Designated	Restricted	Total funds	Total funds
			fund	fund	funds
		Notes	E	E	E	E	f.
INCOME AND ENDOWMENTS
FROM
Donations and legacies			871,048	268,800	685,306	1,825,154	1,838,965
Charitable activities
Education			460			460	623
Land Management Grant			288,863		92,456	381,319	314,269
Education &. Communication			14,723		124,950	139,673
Other trading activities			315,553			315,553	336,087
Investment income			78,386			78,386	63,839
Other income			37,871		14,418	52,289	41,961
Total			1,606,904	268,800	917,130	2,792,834	2,595,744
EXPENDITURE ON
Raising funds			756,655	55,483		812,638	738,493
Charitable activities
Education Et Communication			132,184	40,378	47,647	220,209	220,844
Wider Countryside			169,398		201,151	370,549	383,029
Reserves			635,836	61,732	68,564	766,132	775,199
Total			1,694,0?3	157,593	317,862	2,169,528	2,117,565
HET INCOME/(EXPEHDITURE)			(87,169)	111,207	599,268	623,306	478,179
before gains/(losses)
Het gains/(losses) on				(43,089)		(43,089)	519,239
investments
NET INCOME/(EXPENDITURE)			(87,169)	68,118	599,268	580,217	997,418
Transfers between funds		22		~101,9993	101,999
Other recognised gains/(losses)
Actuarial gains/(losses)	on
defined benefit schemes			43,413			43,413	11,240
Net Movement in Fund			~43 756	~33 881	701 267	623 630	1 008 658
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported			5,580,670	4,051,456	7,055,072	16,687,198	15,678,540
TOTAL FUNDS CARRIED			5,536,914	4,017,575	7,756,339	17,310,828	16,687,198
FORWARD


			31.3.22	31.3.21	31.3.22	31.3.21
		Notes	E	E	E
FIXED ASSETS
Tangible assets		15	13,124,415	12,159,470	13,123,501	12,158,250
Investments		16	3,557, 130	3,607,367	3,567,130	3,617,367
			16,681,545	15,766,837	16,690,631	15,775,617
CURRENT ASSETS
Stocks		17	34,460	55,057
Debtors		18	266,364	172,995	314,690	250,984
Cash at bank and in hand			513,952	867,756	484,959	820,969
			814,776	1,095,808	799,649	1,071,953
CREDITORS
Amounts falling due within	one
year		19	(185,493)	(92,587)	(180,295)	(80,265)
NET CURRENT ASSETS			629,283	1,003,221	619,354	991,688
TOTAL ASSETS LESS CURRENT
LIABILITIES			17,310,828	16,770,058	17,309,985	16,767,305
PENSION LIABILITY		23		(82,860)		(82,860)
NET ASSETS			17,310,828	16,687,198	17,309,985	16,684,445
FUNDS		22
Unrestricted funds			9,554,489	9,632,125	9,570,900	9,636,177
Restricted funds			7,756,339	7,055,073	7,739,085	7,048,268
TOTAL FUNDS			17,310,828	16,687,198	17,309,985	16,684,445

						31.3.22	31.3.21
					Notes	E	E
Cash flows from operating	activities:
Cash generated from operations						545,721	656,874
Net cash provided by (used in) operating						545,721	656,874
activities
Cash flows from investing	activities:
Investment income						78,386	63,839
Purchase of tangible fixed	assets					(994,541)	(54,873)
Purchase of fixed asset investments						(230,686)	(1,148,579)
Sale of tangible fixed assets						2,250	1
Sale of fixed asset investments						245,065	617,001
Net cash provided by (used in) investing			activities			~899 526)	~522,61))
Change in cash and cash	equivalents	in the
reporting period						(353,804)	134,263
Cash and cash equivalents	at the beginning			ofthe
reporting period						867,756	733,493
Cash and cash equivalents	at the end	of	the
reporting period						513,952	867 756

RECONCILIA	TION OF NE	T INCOME/(EXPEN	DIT	URE) TO NET CASH FLOW FR	OM OPERATING ACTIV	ITIES
					31.3.22	31.3.21
					E	E
Net income/(expenditure)		for the reporting		period (as per the	623,630	1,008,658
statement of financial activities)
Adjustments	for:
Depreciation	charges				27,346	34,220
Losses/(gain)	on investments				43,089	(519,239)
Investment	income				(78,386)	(63,839)
Movements	in settlements	pending			(7,232)	(58,835)
(Increase) /	decrease in	stocks			20,597	17,760
(Increase) /	decrease in	debtors			(93,369)	290,358
(Decrease)/increase in creditors					10,046	~52,209
Net cash provided by (used in) operating			activities		545,721	656 874

			31.3.22	31.03.21
				E
Restricted Fund
Other Donations	Received		557,666	549,209
Grants			127,640	121,118
Designated
Legacies Received			218,533	158,035
Other Donations	Received		25,000
Grants			25,267	69,829
Unrestricted Fund
Membership giving			655,106	628,872
Gift aid			145,732	168,671
Other Donations	Received		37,629	57,671
Grants			32,581	85,560
			1,825,154	1,838,965
Grants received,	included	in the above, are as follows:
			31.03.22	31.03.21
				E
Restricted Fund
Heritage Lottery	Fund			111,118
RSWT			10,000	10,000
Rowlands Trust			3,000
Banister/Ludlow	Trust		112,500
Severn Trent Water			2,140
			127,640	121,118
Designated
Heritage Lottery	Fund			69,829
Severn Trent Water			25,267
			25,267	69,829
Unrestricted Fund
The Norman & Evelyn Proffitt Trust			4,805	11,346
Wychavon DC			18,000
Severn Rivers Trust			7,500
Heritage Lottery	Fund			64,214
Wychavon DC				10,000
Other & f,1,000			2,276
			32 551	85,560
Total grant income			185,488	276 507

			31.3.22	31.3.21
			E	E
W.N,C.T. Enterprises		Ltd	229,446	301,409
Rental	Income		10,482	10,482
Timber	sales		48,247
Sundry	Income		27,378	~24 196
			315,553	336,087

			31.3.22	31.3.21
			E	E
Income from Stock Exchange	Investments	- UK	78,386	63,839
Bank Interest
			78,386	63,839

					31.3.22	31.3.21
		Activity			E	E
Education		Education			460	623
Land Management	Grants	Land Management		Grant	381,319	314,269
Education		Education	ft Communication		139,673
					521,452	314,892

			31.3.22	31.3.21
			E	E
Gain on sale of tangible		fixed assets	2,665
Wider Countryside	Team	Income	48,624	40,961
Rent Received			1,000	1,000
			52 289	41,961

					31.3,22	31.3.21
					E	E
Staff costs					163,437	154,605
Repairs and		maintenance			32,443	44,078
Membership		publications			56,597	61,033
Recruitment					160,589	86,915
Membership		costs			22,674	12,504
Fundraising		and marketing			36,260	29,139
General office costs					52,997	45,235
Depreciation					26,920	33,655
					551,917	467,164
Investment		management		costs
					31.3.22	31.3.21
					E
Portfolio management					13,511	11,512
W.N.C.T. Enterprises			Ltd		247,210	259 817
Aggregate	amounts				812,638	738,493

								Direct costs	Direct costs	Support costs	Totals
										(See note 9)
									E	E	E
Education	& Communication								220,209		220,209
Wider Countryside									370,549		370,549
Reserves									570 780	195,352	766,132
									1,161,538	195,352	1,356,890
See the Statement			of	Financial	Activities for the	above	split between		funds.
ANALYSIS	OF TOTAL			EXPENDITURE
								Auditors
					Staff			remun-		Other	31.3,22
					costs	Depn		eration		costs
					E	E			E	E	E
Raising funds					163,437	26,920				361,560	551,917
Investment	management									13,511	13,511
costs
W.N.C.T Enterprises				Ltd	133,781		306		1,500	111,623	247,210
Charitable	activities				786,596		120		6,250	563,924	1,356,890
					1,083,814	27,346			7,750	1,050,618	2,169,528
SUPPORT	COSTS
						Charitable		Governance
					Raising	Activities			Costs	31.3.22	31.3.21
					Funds
					E		E		E	E	E
Administration		staff wages			17,481		37,876		2,914	58,271	56,414
General office expenses					41,124		89 103		6 854	137,081	115,136
					58,605	126 979			9,768	195,352	171,550

			31.3.22	31.3.21
			E	E
Auditors'		remuneration	7,750	8,075
Depreciation - owned assets			27,346	34,220
Operating		leases	4,887	8,158
Surplus	on disposal of fixed assets		~2,665)

		31.3.22	31.3.21
		E	E
Wages	and salaries	881,410	857,234
Social	security costs	77,041	73,374
Other	pension costs	125,343	125 191
		1,083,794	1,055,799


2022	2021	2022	2021
No.	No.	No.	No.
38	38	33	33

						31.3.21	31.3.20
			Unrestricted	Designated	Restricted	Total funds	Total funds
			fund	fund	funds
		Notes	E	E	E	E	E
INCOME AHD ENDOWMENTS
FROM
Donations and legacies			940,774	227,864	670,327	1,838,965	1,877,745
Charitable activities
Education			623			623	23,312
Land Management Grant			263,008		51,261	314,269	286, 312
Other trading activities			336,087			336,087	347,682
Investment income			63,839			63,839	71,665
Other income			29,931		12,030	41,961	45 303
Total			1,634,262	227,864	733,618	2,595,744	2,652,019
EXPENDITURE ON
Raising funds			680,254	26,287	31,952	738,493	732,214
Charitable activities
Education Et Communication			127,005	61,781	32,058	220,844	124,631
Wider Countryside			151,407		231,622	383,029	166,853
Reserves			603,024	69,749	102,426	775,199	888,354
Pension adjustment
Total			1,561,690	157,817	398,058	2,117,565	1,912,052
Net gains/(losses) on				519,239		519,239	(247,092)
investments
HET INCOME/(EXPENDITURE)			72,572	589,286	335,560	997,418	492,875
Transfers between funds		22	~25,246)	29 238	~3992)
Other recognised gains/(losses)
Actuarial gains/(losses) defined benefit schemes	on		11,240			11,240	~5661)
Net Movement in Fund			58 566	618 524	331 568	1 008 658	487 214
RECONCILIATION OF FUNDS
Totalfunds brought forward
As previously reported			5,522,104	3,432,932	6,723,504	15,678,540	14,959,833
Prior year adjustment		26					231 493
			5,522,104	3,432,932	6,723,504	15,678,540	15,191,326
TOTAL FUNDS CARRIED			5,580,670	4,051,456	7,055,072	16,687,198	15,678,540
FORWARD

The Charity has a wholly owned	The Charity has a wholly owned	trading	subsidiary,	subsidiary,	which	which	incorporated	the United	Kingdom.	The principal	The principal	The principal
activity of W.N.C.T. Enterprises		Limited	is that of		environmental consultancy			work. The Company		covenants		its
taxable profits to Worcestershire		Wildlife	Trust. A		summary		of trading results	is shown	below. Audited		accounts
are filed with the Registrar of Companies.			This	summary		includes transactions		with Worcestershire		Wildlife Trust
which have been eliminated	on	consolidation.
							31,3.22				31.3.21
							E
Turnover
Sales and services - External					229,446			301,409
Sales and services - Internal					1D 60D				3,660
							240,046				305,069
Cost of Sales
Cost of goods sold - External					(86,740)			(98,376)
Cost of good sold - Internal					5 254			~25,200)
							~81,486)				~123,576)
Gross Profit											181,493
Administrative expenses
General administrative expenses Depreciation				(160,164) ~306)				(161,034) ~407)
							~160,470)			~161,441)
Net profit for the year							(1,910)				20,052
Retained profit in Subsidiary	b/fwd
Covenanted to Worcestershire
Wildlife Trust										~20,052)
Retained profit in Subsidiary	c/fwd										2,753
Net assets held in Subsidiary							10,853				12,753

CHARITY
		Nature
		reserves h
		freehold	Leasehold
		property	property	Solar panels
		E	I:	E
COST
At 1 April 2021		12,055,130	45,000	9,637
Additions		987,434
Disposals
At 31 March 2022		13,042,564	45,000	9,637
DEPRECIATION
At 1 April 2021			3,472	5,782
Charge for year			496	964
At 31 March 2022			3,968	6,746
NET BOOK VALUE
At 31 March 2022		13 042,564	41,032	2,891
At 31 March 2021		12,055,130	41,528	3,855
	Office
	equipment		Computer
	and fittings	Motor vehicles	equipment	Totals
	E	E	I:	E
COST
At 1 April 2021	213,742	72,683	148,927	12,545,119
Additions Disposals		~4,500)	7, 107	994,541 ~45001
At 31 March 2022	213,742	68,183	156,034	13,535,160
DEPRECIATION
At 1 April 2021	191,884	64,407	121,324	386,869
Charge for year Eliminated on disposal	5,472	3,013 ~2,250)	17,095	27,040 ~2250)
At 31 March 2022	197,356		138,419	411,659
NET BOOK VALUE
At 31 March 2022	16,386	3,013	12 615	13,123,501
At 31 March 2021	21,858	8,276	27,603	12,158,250

GROUP
		Nature
		reserves B.
		freehold	Leasehold	Solar panels
		property	property
		E
COST
At 1 April 2021		12,055,130	45,000	9,637
Additions		987,434
Disposals
At 31 March 2022		13,042,564	45,000	9,637
DEPRECIATION
At 1 April 2021			3,472	5,782
Charge for year			496	964
Eliminated on disposal
At 31 March 2022			3,968	6,746
NET BOOK VALUE
At 31 March 2022		13 D42,564	41,032	2,891
At 31 March 2021		12 D55 130	41 528	3 855
	Office
	equipment	Motor	Computer
	Et fittings	vehicles	equipment	Total
	E	E	f.	E
COST
At 1 April 2021	221,863	87,198	148,928	12,567,756
Additions Disposals		~4,500)	7,107	994,541 ~4,500)
At 31 March 2022	221,863	82,698	156,035	13,557,797
DEPRECIATION
At 1 April 2021	198,784	78,922	121,326	408,286
Charge for year Eliminated on disposal	5,778	3,013 ~2,250)	17,095	27,346 ~2,250)
At 31 March 2022	204,562	79,685	138,421	433,382
NET BOOK VALUE
At 31 March 2022	17,301	3,013	17614	13 124,415
At 31 March 2021	23,079	8 276	27,602	12,159,470

GROUP
					Cash and
				Listed	settlements
				investments	pending	Totals
				E	E	E
MARKET VALUE
At 1 April 2021				3,503,260	104,107	3,607,367
Additions				230,686		230,686
Disposals				(245,065)		(245,065)
Revaluations				(43,089)		(43,089)
Movement on cash					7,232	7 232
At 31 March	2022			3,445,791	111,339	3,557,130
NET BOOK	VALUE
At 31 March	2022			3,445 791	111,339	3,557,130
At 31 March	2021			3,503,260	104 107	3,607 367
The Market	Value of	listed investments	can be analysed	as follows:
					31.3.22	31.3.21
					E	E
UK Government Stocks					42,198	40,706
UK Equity Shares					756,947	877,880
UK Corporate Bonds		&. Unit Trusts			385,010	363,732
Foreign bonds B.securities					386,995	386,874
Foreign equity					1,483,059	1,461,674
Alternative	investments				391,582	372,394
					3,445, 791	3,503,260

Class of share:	Class of share:	Class of share:	holding
Ordinary			100
				31.3.22	31.3.21
				E	E
Aggregate	capital and reserves			12,753	12,753
Profit/(Loss)		for the year		~1,910)

for th	e Year Ended 31	March		2022
17,	STOCK
	GROUP
					31.3.2022	31.3.21
					E	E
	Stock				34,460	55,057
					34,460	55,057
18.	DEBTORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
	CHARITY
					31.3.22	31.3.21
					E	E
	Trade debtors				88,269	37,615
	W.N.C.T. Enterprises		Limited		62,524	99,252
	Other debtors				4,114
	VAT				31,851	20,266
	Accrued income				119,791	85,130
	Prepayments				8,141	8,721
					314,690	250,984
	GROUP
					31.3.22	31.3.21
					E	E
	Trade debtors				110,230	62,901
	Other debtors				4,114
	VAT				24,088	16,243
	Accrued income				119,791	85,130
	Prepayments				8,141	8,721
					266 364	172,995
19.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
	CHARITY
					31.3.22	31.3.21
					E	f.
	Trade creditors				119,713	46,265
	Social security	and other taxes			27,357	18,801
	Deferred income					524
	Accrued expenses				33,225	10,749
	Other creditors					3,926
					180,295	80,265
	GROUP
					31.3.22	31.3.21
					E	E
	Trade creditors				122,091	48,545
	Social security	and other taxes			27,357	18,801
	Deferred income				1,620	6,091
	Accrued expenses				34,425	15,224
	Other creditors					3,926
					185 493	92,587

Deferred income	for the year ended 31 March 2022	for the year ended 31 March 2022	for the year ended 31 March 2022	Charity	Group
				31.3.22	31.3.22
				f.	E
Deferred income at		1 April 2021		524	6,091
Resources deferred Amounts released	in the year from previous		year	~524)	1,620 ~6,0915
					1,620
Deferred income relates to the			following;
Charity				31.3.22	31.3.21
School trips received		in advanced
Rental income					524
					524
Group
WNCT - Deposits received				1,620	5,567
				1,620	6,091

	Other operating	leases
	31.3.22	31.3.21
	E	E
Expiring:
Within one year	4,847	4,847
Between one and five years	1,212	6,059
	6,059	10,906

					31.3.22	31.3.21
		Unrestricted	Designated	Restricted	Total funds	Total funds
		fund	fund	funds
		E	E	E
Fixed assets		5,927,538	142,691	7,054,186	13,124,415	12,159,470
Investments			3,557,130		3,557,130	3,607,367
Current	assets	(205,131)	317,754	702,153	814,776	1,095,808
Current	liabilities	(185,493)			(185,493)	(92,587)
Pension	liability					~82,860
		5,536,914	4,017,575	7,756,339	17310828	16 687,198

				Net movement	Transfers	Transfers
			At 1.4.21	in funds	between	funds	At 31.3.22
				f.		E	E
Unrestricted funds
General fund			5,580,670	(43,756)			5,536,914
Designated	fund		4,051,456	68 118	~101,999)		4,017,575
			9,632,126	24,362	(101,999)		9,554,489
Restricted	funds
Restricted	funds		7,055,072	599,268	101,999		7,756,339
TOTAL FUNDS			16,687,198	623 630		—	17,310,828
Net movement in funds,		included	in the above are as follows:
			Incoming	Resources	Gains and		Movement in
			resources	expended		losses	funds
			E	E		E	E
Unrestricted funds
General fund Designated fund			1,606,904 268,800	(1,694,073) ~157,593)	43,413 ~43,089)		(43,756) 68 118
			1,875,704	(1,851,666)		324	24,362
Restricted	funds
Restricted	funds		917,130	(317,862)			599,268
TOTAL FUNDS			2,792, 834	)2,169,528)		324	623,630

					Net movement	Transfers	Transfers
				At 1.4.20	in funds	between	funds	At 31.3.21
Unrestricted funds
General fund				5,522,104	83,812		(25,246)	5,580,670
Designated	fund			3,432 932	589,286		29 238	4,051,456
				8,955,036	673,098		3,992	9,632,126
Restricted	funds
Restricted	funds			6,723,504	335,560		(3,992)	7,055,072
TOTAL FUNDS				15,678,540	1,008,658			16,687,198
Comparative	net movement	in funds,	included	in the above are as follows;
				Incoming	Resources	Gains and		Movement in
				resources	expended		l,osses	funds
				E	E		f.	E
Unrestricted funds
General fund Designated fund				1,634,262 227,864	(1,561,690) ~157,817)	11,240 519,239		83,812 589 286
				1,862,126	(1,719,507)	530,479		673,098
Restricted	funds
Restricted	funds			733,618	(398,058)			335,560
TOTAL FUNDS				2,595,744	)2 117,565)	530479		1,008,658

			Net movement	Transfers	Transfers
		At 1.4.20	in funds	between	funds	At 31.3.22
		E	E		E	E
Unrestricted funds
General fund		5,522,104	40,056		(25,246)	5,536,914
Designated	fund	3,432,932	657,404	~72,761)		4,017,575
		8,955,036	697,460		(98,007)	9,554,489
Rest:ricted	funds
Restricted	funds	6,723,504	934,828		98,007	7,756,339
TOTAL FUNDS		15,678,540	1 632,288		-	17,310,828

		Incoming	Resources	Gains and	Movement in
		resources	expended	losses	funds
		E	E	E	E
Unrestricted funds
General fund Designated fund		3,241,166 496,664	(3,255,763) ~3)5,410)	54,653 476,150	40,056 657,404
		3,737,830	(3,571,173)	530,803	697,460
Restricted	funds
Restricted	funds	1,650,748	(715,920)		934,828
TOTAL FUNDS		5,388 578	~4, 287 093)	530 803	1,632,288

Unrestricted	funds cons	ist of th	e reserves of the subsidiary and g	eneral fund ofthe charity.
				31.3.22	31.3.21
					E
General fund	of Charity			5,555,476	5,586,871
Reserves of Subsidiary		company		843	2,753
				5,556,319	5,529,396
Unrestricted	funds eliminated		on consolidation	(19,403)	(8,954)
				5,536,914	5,580,670

			Balance at	Incoming	Resources	Transfers	Balance at
			1.4.21	Resources	Expended	Between	31.3.22
						Funds
						E
	Fixed Assets:
a	Gwen Finch		214,860				214,860
b	Hunthouse Wood		252,210				252,210
c	Penorchard		230,248				230,248
d	Hill Court Farm		1,637,855				1,637,855
e	Lower Smite Farm		1,660,334		(119)		1,660,215
	Sands Lane Meadows		110,245				110,245
	Baynhall Meadow	- Land	21,120				21,120
	Purchase
	Boynes Meadows		157,689				157,689
	Hollybed Farm (Purchase)		394,661				394,661
	Blackhouse Wood	(Purchase)	436,779				436,779
	Grafton Wood		237,063				237,063
	Martley Hillside Wood		37,800				37,800
h	SP —Vehicle Replacement- Severn Waste		1				1
	Merries Farm		17,553				17,553
	Helen Mackaness	Reserve	23,408				23,408
	Hardwick Green		367,998				367,998
	Nash's Meadows		234,880				234,880
	Woodland at Tor Coppice		60,000				60,000
	Rosebank Coppice		3,500				3,500
	Mob Squinton Wood		30,000				30,000
	Rawlings Meadow		28,200				28,200
	Dropping Well Farm					897,902	897,902
			6,156,403			897,902	7,054,186

					Balance at	Incoming	Resources	Transfers	Balance at
					1.4.21	Resources	Expended	Between	31.3.22
								Funds
								E
f	Net Current assets:
	Woodland Fund / Mr &.		Mrs	Clark	10,955				10,995
	Emp of Officers funded		by	STW	1,430	116,280	(107,979)		9,731
	David Glaze Legacy - for new				403,644			(403,644)
	reserves
	Emp of Officers funded		by	ESIF	(1,018)	46,033	(46,643)		(1,628)
	UW Infrastructure, Flashes			Et	(39,511)			39,511
	Hen Brook improvements
	Appeal - Dropping Wells Farm				342,925	118,071	(500)	(149,563)	310,933
	Land at Dropping Wells		Farm		(16,649)	364,973	(3,629)	(344,695)
	Dropping Well Farm						(64,627)	64,627
	Development Stage
	Dropping Well Farm Delivery						(4,593)		(4,593)
	Phase
	Mettis Aerospace Ltd donation				5,000				5,000
	Enhancing Public Goods		in	the	(28,410)	94,184	(45,316)		20,458
	FoF
	Saleway PC re trenchwood				1,428			(1,428)
	Pound Green Common	grazing			711			(711)
	Pound Green common				10,130	2,140	(10,450)		1,820
	restoration 2020
	Support for delivery of		Carbon		10,000	10,000			20,000
	reduction
	SP - Land at Green Farm,				191,225	10,000		17,809	219,034
	Adjacent to Monkwood
	Green Farm Appeal					17,809		(17,809)
	Land management trial Wilder Worcestershire	GRCF				12,690 124,950	(1,400) ~43,053		11,290 81,897
					891,862	917,130	~328,190	~795,903	684,899
	Charity				7 048 266	917,130~328,309		~101,999	7,739 085
	Restricted funds eliminated				6,806		10,448		17,254
	on consolidation
	Total Restricted Funds		of		7,055,072	917,130	(317,861)	(101,999)	7,756,339
	Group

The am	ounts	recognised in the Statement of Financial Activit	ies are as follows:
			Defined	benefit
			pension	plans
			31.3.22	31.3.21
			E	E
Current	service cost
Net interest		from net defined benefit
asset/liability			1,222	2,483
Past service		cost
			1,222	2,483
Actual	return	on plan assets	(4~6982)	13~8664

Changes	in th	e	p	resent v	alue of the	defined	benefit obligation are as follows:
								Defined	benefit
								pension	plans
								31.3.22	31.3.21
								E	E
Opening	defined			benefit	obligation			1,107,675	998,275
Interest	cost							21,296	22,232
Actuarial	losses/(gains)							(110,469)	107,676
Benefits	paid							(41,071)	(36,830)
Administration			expenses					9,711	16,321
Opening	defined			benefit	obligation	(detail	not provided)
								987,142	1,107,674
Changes	in the		fair value		of scheme	assets	are as follows:
								Defined	benefit
								pension	plans
								31.3.22	31.3.21
								E	E
Opening	fair	value of scheme assets						1,024,815	869,480
Contributions		by		employer				50,380	53,500
Expected	return							20,074	19,749
Actuarial	gains/(losses)							(67,056)	118,915
Benefits	paid							(41,071)	(36,830)
								987,142	1,024,814
The amounts		recognised			in other recognised		gains and losses are as follows:
								Defined	benefit
								pension	plans
								31.3.22	31.3.21
								E	E
Actuarial	gains/(losses)							43,413	11,240
								43,413	11,240

					Defined	benefit
					pension	plans
					31.3.22	31.3.21
UK Equities					4.7%	4.3%
Overseas	Equities				31.5%	29.9X
Diversified	Growth		Funds		23.0X	23.5%
UK Government		Fixed Interest		B	12.5%	14.3X
UK Government		Index Linked		Bon	15.3X	14.7'X
UK Corporate		Bonds			8.6%	9.7X
Property					2.5X	2.1X
Cash					1.9%	1.5X
					100.00K	100.KC

Princip	al actua	rial assumptions at the Balance Sheet d	ate (expressed as weighted averages):
			31,3,22	31.3.21
Discount rate			2.65%	1,95K
Future	salary	increases	3.65%	3.45K
Future	pension	increases	2.85K	2.65'X

					At 31	At 31
					March	March
					2022	2021
Life	expectancy	of	a	male aged 65 at the Balance Sheet Date	22.4	22.7
Life	expectancy	of	a	male aged 65 in 20 years from the Balance Sheet date	23.7	24.0
Life	expectancy	of	a	female aged 65 at the Balance Sheet Date	24.9	25.0
Life	expectancy	of	a	female aged 65 in 20 years from the Balance Sheet Date	26.3	26.4