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2021-03-31-accounts

Company number 00730536

WILTSHIRE WILDLIFE TRUST LIMITED

REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

WILTSHIRE WILDLIFE TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CONTENTS Page
Reference and administrative details 1 – 2
Chairman’s Report 3
Report of the Trustees (including Strategic Report) 4 - 17
Statement of Trustees’ Responsibilities 17
Independent Auditors Report 18 - 20
Consolidated Statement of Financial Activities (including Income and Expenditure Account) 21
Consolidated and Charity Balance Sheet 22
Consolidated and Charity Statement of Cash Flows 23
Notes to the Financial Statements 24 - 48
The following pages do not form part of the statutory Financial Statements
Detailed Charity Income and Expenditure Account 49 - 50

WILTSHIRE WILDLIFE TRUST LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

Registered Charity Number 266202

Company Registration Number 00730536

Patrons

Robert Floyd The right honourable Lord Nigel Jones of Cheltenham

Ambassador

Professor Sir J Lawton

TRUSTEES President Vacant

Chair

Mr M Street

Treasurer

Mr P Luck

Council Members

Mr J Barlow Mrs R Collingborn Mr M Jolley Mrs D Plummer Major General (Retd) C Fattorini Mr M Allez

The President, Chair, Vice Chair, Treasurer and Council Members are Trustees of the Charity. The Patrons and Ambassadors are not Trustees.

KEY MANAGEMENT PERSONNEL

Dr G J Mantle MBE - Chief Executive

Miss L M Hale – Head of Finance & Resources Mr D Haasjes - Head of Business Development & Community Engagement Mrs S Stork - Head of Conservation and Land Management Mr D McNaughton - Head of Fundraising and Communications

Company Secretary

Miss L M Hale

Auditors

MHA Monahans, Fortescue House, Court Street, Trowbridge, Wiltshire BA14 8FA

Solicitors

BLB Solicitors, 1 Edgar Buildings, George Street, Bath, BA1 2DU

Bankers

Barclays Bank plc. 37 Milsom Street, Bath, BA1 1DW

Equity Investment Managers

M&G Charities, PO Box 9038, Chelmsford CM99 2XF and Barclays Wealth, 1 Churchill Place, London, E14 5HP

Pension Advisors

Castle Sundborn, The Old Bank, 10 High Street, Malmesbury, Wiltshire, SN16 9AU

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WILTSHIRE WILDLIFE TRUST LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

Registered Office and Head Office

Wiltshire Wildlife Trust Limited Elm Tree Court, Long Street Devizes, Wiltshire SN10 1NJ Telephone: (01380) 725670

Email: info@wiltshirewildlife.org Website: www.wiltshirewildlife.org

South Wiltshire Office

Wiltshire Wildlife Trust Limited Langford Lakes Nature Reserve Duck Street, Steeple Langford Salisbury, Wiltshire SP3 4NH Telephone: (01722) 790770

North Wiltshire Office

Lower Moor Farm Visitor Centre Oaksey Nr Malmesbury Wiltshire SN16 9TW Telephone: (01666) 861162 or 860772

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WILTSHIRE WILDLIFE TRUST LIMITED CHAIRMAN’S REPORT FOR THE YEAR ENDED 31 MARCH 2021

When (outgoing chair) Mike Hodgkins wrote his introduction to the previous annual review in August 2020 there was still a lot of uncertainty about how the Covid pandemic would continue to affect all of our lives. One thing for sure is that the natural world, including the Trust’s reserves, have been shown to be more important than ever in creating spaces for people to recharge, reflect and gain hope. All this nature provides for us, and we see it time and time again, whether in the fantastic engagement with communities across Wiltshire and in particular in the last 12 months around Swindon, the amazing positive feedback from the activities of the Care Farms as well as the ongoing wildlife recovery successes of projects like Coombe Bisset Down, and the Water Team’s work restoring the jewels of Wiltshire’s river systems - reconnecting them with their communities as well as nature.

Special mention must be made of all the Trust’s staff and volunteers, who have played their part in this so much during the last 12 months: those who have been on furlough, those who have had to manage reserves under unprecedented demand for these spaces, as well as all the volunteers who have had to be patient during lockdowns.

I must also thank all my fellow Trustees who all volunteer a lot of time to steer the work of the Trust, help us build bridges and bring with them experience of many different areas of life. We are very fortunate with all our volunteers that their service is so generous. A number of Trustees and volunteers have served their term of office and we must recognise all they have done.

I do feel optimistic; thanks to the efforts and leadership of the Senior Leadership team we have remained financially resilient during the last year, despite the uncertainty. We have been very fortunate to receive some very generous legacies and have been successful in gaining grant funding to continue to acquire key parts of the nature recovery ‘jigsaw’ - and be able to invest to mitigate Wiltshire’s wildlife and climate challenges. We are seeing much more interest from communities and land managers, with great work from farm clusters across the County which bodes well for the next few years. It is inspiring, and I hope you will continue to support the Trust in whatever way you can.

Mr M Street Chair

11 August 2021

If you believe…

… living on a fair share of the World’s resources…

… then welcome to the Wiltshire Wildlife Trust.

To find out more about how you can help the environment, visit our website www.wiltshirewildlife.org

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

OBJECTIVES AND ACTIVITIES

The Trust’s Memorandum of Association sets out its objects which may be summarised as the promotion of wildlife and its habitats and places of natural beauty, interest or value, particularly to further biodiversity; to protect the environment, particularly by reference to sustainable development and recycling waste; and to advance the education of the public in such areas.

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

How our activities deliver public benefit

Wiltshire Wildlife Trust’s vision is to create a sustainable future for wildlife and people. We care for nature reserves across the county, from woodlands to wetlands. Everyone in Wiltshire and Swindon lives within 10 miles of one of these beautiful places.

Together, we can make sure that our precious wildlife will be here for future generations to enjoy.

Our Mission is “to support the recovery of nature, help people connect with nature and live more sustainably”.

To achieve our mission, we have set ourselves six aims:

  1. Protect, maintain enhance and enlarge our nature reserves

  2. Increase the amount of land, rivers and wetlands managed for the benefit of wildlife

  3. Stand up for wildlife and the natural environment

  4. Enable people to engage with nature to improve their health and wellbeing

  5. Encourage, support and provide outdoor learning

  6. Support people wishing to reduce their ecological and carbon footprints

These aims are supported by ensuring our work is based on evidence and sound science. Our 1,500 active volunteers are an essential part of the Trust’s resources. The 5 Year Strategy identifies the need to invest and train in our volunteers and create a safe, happy, supportive and stimulating working environment. The Trust has good governance and management and strives to make the best use of assets to deliver efficiency.

We now have over 22,000 members and look after 44 nature reserves. This year the Trust has achieved a great deal with the completion of the arable reversion at Coombe Bissett Down and extending the Emmett Hill Nature Reserve to protect the Marsh Fritillary butterfly. Great Meadow at Langford Lakes has been transformed by the wetland scrapes and we continue to restore and protect habitats across Wiltshire.

The gift of Mill Farm at Broughton Gifford has enabled us to extend the Care Farm provision. Promoting engagement through nature has resulted in 1,104 children and young people being directly supported, 351 young people/adults have achieved nature education qualifications, 150 unaccompanied asylum seeking children have been supported and 43 teachers have been trained. In addition, 225 people were sent tailored support materials during lockdown.

We continue to be supported by our membership base and corporate partners, work with schools, local communities and public bodies which enables us to deliver our strategic objectives. Grants awarded by the Big Lottery Community Fund, National Lottery Heritage Fund, European Social Fund and The National Lottery Community Fund enable us to support the recovery of nature, help connect people with nature and live more sustainably.

All our Trustees are volunteers and give their time freely. The list of volunteers is almost endless; without its volunteers, the Trust would not be able to undertake as much as it does or be as effective as it is. Those volunteers working with projects involving children or other vulnerable groups are approved by the Disclosure and Barring Service.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRATEGIC REPORT

The information that follows including the Review of Activities, Financial Review, Principal Risk and Uncertainties and Plans for Future Periods forms the Director’s Report and the Strategic Report for the purpose of the Companies Act 2006.

ACHIEVEMENTS AND PERFORMANCE

Welcome to our review of 2020/21; a year like no other with the Covid pandemic and the challenges it brought. During periods of isolation and anxiety, many people re-engaged with nature and found great comfort and joy. Emotionally, spiritually and physically, nature came to play a more important part in people’s lives. As the UK emerges cautiously from the pandemic, we are entering an unprecedented period of environmental and climatic change.

This change can be felt across the political and social spectrum with a growing recognition that we face inextricably linked ecological and climate crises. As we approach the global climate conference, COP26, our Government has promised that 30% of land & sea will be managed for nature by 2030 and that the UK will cut carbon emissions by 78% by 2035.

Legislation such as the long-awaited Environment Bill is being enacted to enshrine this urgent response into law, ensuring government spending and all planning decisions take into account principles such as biodiversity net gain. The post-Brexit landscape offers the opportunity for a radical overhaul of incentives to farmers and landowners, supporting them to put nature first.

There is a new requirement for local nature recovery strategies and growing recognition of the need for a ‘nature recovery network’; where green spaces are preserved, enhanced and joined up. There is a new energy to find ‘nature-based solutions’ to climate change. This in turn is driving new policies and the need for investment from public and private sources.

The work of the Trust has never been more important as we strive for nature’s recovery. As well as adding to our own nature reserves, we are increasing the amount of land, rivers and wetlands managed for the benefit of wildlife. At the same time we are continuing to help people connect with nature and live more sustainably. Our membership continues to increase, and we are humbled by the amazing generosity of our supporters and donors and the passion and energy of our dedicated volunteers.

With your support we will continue our vital work, offering hope and positive solutions to the challenges that we face.

Dr Gary Mantle MBE Chief Executive August 2021

Aim 1: To support nature’s recovery

Protect, maintain, enhance and enlarge our nature reserves

At the end of the 2020/21 financial year, the Trust’s reserves management and farming operations encompassed the following:

Habitat types were classified as the following:

Grassland 832 ha
Woodland 288 ha
Rivers and Wetlands 36 ha
Marsh and Fen 13 ha
Other 6 ha
TOTAL 1174 ha

Managed for Wildlife totals 1169 ha (by removing Other which includes infrastructure)

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Review of our nature reserves

In 2020 a comprehensive review of the Trust’s Wildlife Reserves established a baseline to help better manage and invest in these reserves and farming operations in the future. Recommendations were made to improve management and planning, to audit stocking rates, determine the viability of farm profitability compared to conservation outcomes, look at farmland acquisition and disposals, and to invest in more and better monitoring of species.

A new annual reporting system for every reserve is being introduced to identify issues and trends on each reserve and how to deal with these. Acquiring new sites will be follow mapping work done to establish where the key sites in the county are for biodiversity, particularly those with key species or which can meet the ‘Lawton principles’ – more, bigger, better and joined.

Coombe Bissett Down Reversion Project

Our multi-year reversion project at Coombe Bissett Down converting arable land to wildflower meadows came to an end in 2021. During the national lockdown the team offered new online resources and virtual events to engage people with the project and added new interpretation including walking routes to the site.

The project has been transformational for the Coombe Bissett Down Nature Reserve developing it into to a valuable, wildliferich resource for learning, recreation, individual well-being and community.

The project delivered a range of outcomes including:

In total over 8,000 participants were engaged in online, public events, activities and talks, 6 training sessions were delivered for volunteers and staff, 84 nature postcard activities were posted to 5 residential care homes, 264 young people were supported, 900 activity packs and 20 nestbox kits were delivered to local families and there were 1,248 visits to the resources webpage.

Wetland Creation at Langford Lakes and sallow removed from East Clyffe

Langford Lakes incorporates four lakes, ponds, ditches, and a stretch of River Wylye - a Site of Special Scientific Interest. During the year additional wetland features were constructed to provide new breeding, foraging, and overwintering opportunities for wading birds and wildfowl.

Visitors to Langford Lakes Great Meadow can now enjoy views across a large wetland scrape, a shallow wet feature with soft muddy margins that provides foraging habitat for wetland birds. Excavated soil from construction of the scrape has been used to form a series of islands on East Clyffe Pond that are visible from the bird hide and to create a shallow shelf feature on the edge of Long Pond.

All of these features have been designed to benefit wildfowl and waders that breed or rest on the ground to refuel on migration routes. Flocks of lapwing and nine greenshank were spotted following completion of the works, showing they were attracting birds of conservation concern.

Farming Operations

During the year of this review, the Trust invested in machinery and new buildings/livestock handling to ensure that our farming operations are more flexible and reactive to the needs of grassland sites, providing better meadow maintenance. We enhanced our grassland sites using topping, hay cutting and grazing cattle and sheep to control dominan vegetation and allow wildflowers to flourish.

Improvements will also allow for the changing climate over the coming years, ensuring the resilience of our farms.

Ash Dieback Disease

This continued to be a major challenge across the Trust’s estate, causing both financial and Health and Safety concerns. External contractors are helping us to deal with the issue and where safe to do so trees have been left as standing dead wood.

Each reserve follows a tailored plan according to the relevant conservation outcomes, but Ash Dieback continues to challenge our team as we work to balance wildlife and conservation and safe public access.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Marsh Fritillary Restoration Project

Reacting to the availability of land, the Trust grasped the opportunity to make an immediate difference for wildlife. When the land became available to purchase our team realised it was perfectly placed to increase the size of our Emmett Hill reserve and provide more joined up habitat for the threatened Marsh Fritillary Butterfly.

After a successful public appeal in 2020 the project launched in 2021 with volunteers soon out in force to plug plant the butterflies’ larval food plant, Devil’s Bit Scabious.

Increase the amount of land, rivers and wetlands managed for the benefit of wildlife

The Wiltshire and Swindon Biological Records Centre (WSBRC)

The WSBRC collects biological records for the county and has been working closely with other organisations on a Nature Recovery Network Map for Wiltshire and Swindon, which will form part of a Local Nature Recovery Strategy for Wiltshire.

Over the year staff have audited the data held and identified species record gaps, planning new data recording campaigns, such as the lapwing and pollinator counts, to increase knowledge within the county.

Wild Landscapes

Our wildlife-friendly gardening service Wild Landscapes has created or restored 6 ponds, and undertaken woodland and scrub habitat improvements works at Mouldon Hill Country Park and Rivermead. This included scrub clearance, tree felling, grassland management and creating scallops and rides with volunteers.

The team also created wildflower meadows in Chippenham and a dipping platform at Salisbury Cathedral School, assessments and garden design projects for private, commercial and school based clients such as Chippenham Town Council, with a range of follow up reports, management plans, design work or project delivery.

Our water team is busy across the county

Our Water team along with the Ministry of Defence (MOD) and the Services Dry Fly Fishing Association (SDFFA) improved habitats for river species on the banks of the River Avon. At Tank Crossing Charlie, permeable wooden structures were installed within the river to narrow the channel and speed up the water flow, reducing silt deposition and creating areas for fish to spawn.

“The WWT Water Team are highly skilled and well equipped to carry out this work. Thanks to their ongoing hard work and the contribution from a team of DIO volunteers, we have been able to improve this stretch of the river, which is widely known as one of the best chalk streams in the UK." Olly Howells, Senior Ecologist, Defence Infrastructure Organisation

The River Bourne restoration project with Milford Preservation Society, was a project working with local volunteers to build habitat structures in the river using woody material sourced from the site. These structures enhance river flow diversity and create refuge for young fish and invertebrates, making the river channel more resilient to low flows during the summer and improving habitat for a range of river wildlife.

Dealing with the impact of the pandemic

The impact of lockdowns due to covid: furloughing staff, pausing group volunteering and curtailing some fundraising, had a significant effect during the year. However the health and safety of staff and visitors was maintained during this time and key maintenance tasks continued.

One upside of lockdown and travel restrictions has been that more local people became aware of and accessed their closest reserves – increasing their connection with nature, although this also presented other issues such as anti-social behaviour and greater pressure on the reserves and wildlife that lives there.

The Trust lost 1,000 volunteer work hours (equivalent of 133 working days) every month due to the Covid-19 restrictions, however we received many new applications to volunteer, often from people discovering our reserves during lockdown. Volunteering was recommenced later in the year, with regular contact to volunteers and groups through email.

The work programme was dramatically affected across our estate, and emergency budgets were created for both reserves and farming. Tasks such as erecting fencing while socially distancing was one of many usually straightforward jobs that became much more difficult.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Wildlife Guardians

During the period of review, a new scheme to generate funding to help us access Landfill Tax monies at ten times the value of the donation was launched. Three Wildlife Guardians joined at a higher level of giving through the year, with more recruited since.

Stand up for wildlife and the natural environment

Responding to local conservation issues

Last year the Trust worked hard to positively influence planning and development decisions which would impact on wildlife and the natural environment across Wiltshire and Swindon. The scale of such a task is huge, and while it was impossible to respond to each individual application, we attempted to influence the overall approach being taken by local authorities and others, providing expertise and scientific information such as species data and habitat mapping.

We also helped to shape Wiltshire Council's 'Blue and Green' environmental strategy and climate change policies, and where possible responded directly to specific planning applications where they would impact directly on nature reserves, such as those near our own Smallbrook Meadows and Roundway Orchard sites, and the proposed housing development at Corston. We also provided expert input into local consultations, responding to scoping reports for the proposed Melksham bypass, eastern bypass for Chippenham, and the change of grazing regime at Salisbury Plain being planned by the Ministry of Defence.

Curlew Call addresses declines

The Curlew Call project was established in 2019 to protect Curlew in the Braydon Forest and north Wiltshire. Curlew Call works closely with landowners to locate, monitor and protect the remaining Curlew as well as ensuring a long-term future for the species by addressing the causes of decline (up to 80% during the last 50 years). In 2020 the team was able to record a successful breeding attempt by one of the pairs breeding at Blakehill Farm Reserve.

Campaigning for wildlife

Throughout the year, the Trust campaigned for wildlife and nature’s recovery, not only at a local level, but nationally too. The Action for Insects campaign, which originated in Wiltshire but was adopted nationally as part of The Wildlife Trusts’ ‘Wilder Future’ advocacy work, saw some solid results as the ban on pollinator- killing neonicotinoids was upheld in the UK and more local authorities were keen to show their insect-protecting credentials.

The ’30 by 30’ campaign – calling for 30% of land and sea in the British Isles to be protected for nature and wildlife – also secured a significant victory, with Boris Johnson’s government adopting this target across government, ahead of the longawaited passing of the long awaited passing of the Environment Bill into legislation and the ‘Cop 26’ climate change convention to be hosted in Britain later in 2021.

Our membership recruitment roars back

Despite a long period of furlough our membership recruitment company South West Wildlife Fundraising Limited (SWWFL) was able to operate for many months throughout the year, capitalising on a heightened appreciation for nature among the general public, and bringing in in excess of 1,000 new members to support the Trust's work.

Aim 2. To help people connect with nature and live more sustainably

Enable people to engage with nature to improve their health and wellbeing

Signage and interpretation funded through the National Lottery Covid-19 Emergency Fund

In 2021, new signage and interpretation for our reserves went into production. This is a major piece of work to standardise information across all our reserves, it will ensure there is a welcome sign at every entrance on every reserve (some 136 signs) and new interpretation on most reserves helping connect people with and undersand the wildlife and natural features of these sites.

HQ works and improvements

During the review period, there were a range of adaptations and improvements made to our Headquarters in Devizes. These included the installation of a smart screen in our boardroom to allow remote meetings, a new telephone system to support homeworking and repairs to the leaking roof.

Staff trained in Mental Health Awareness and Mental Health first aid

Mental Health First Aid and Awareness training was delivered online and has been a success with participants. Those attending reported an increase in the knowledge and confidence to support others with a mental health issue.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Connecting people digitally with nature

Also in 2021, we launched a programme to digitally connect people with nature during the UK lockdown – to improve people’s health and wellbeing during this difficult time. The programme involves live tours of the reserves, highlights from webcams and trailcam footage, and live interactive video events on social media (eg Facebook Live), collected in the 'Caught on camera’ section of our website.

Website, email and social media

Improvements to our website functionality and content quality drove increased visitor numbers up 29% and new visitors up 31% with the number of pages viewed dramatically increasing over 43%. More people are engaging for longer session with our website due to content and functionality enhancements.

Enhancements to our social media content has also driven more referrals to our website (up 83% compared to last year) primarily driven by Facebook. We've grown our Facebook followers by 35% with Instagram following suit (up 46%), and our email marketing list currently has 19,500 subscribers. This is an increase of 58% compared to last year, meaning we are reaching more and more engaged supporters with our conservation, wellbeing and sustainability messages.

Unaccompanied Asylum-Seeking Children

After a significant delay due to the UK lockdown, a new programme was launched which has helped looked after young people fleeing unsafe areas of the world such as conflict zones, designed to integrate them and make them feel at home in Wiltshire. The programme uses Green Prescription techniques to overcome this trauma, as well as outings to help the children integrate into their new society.

Around 30 children are part of the programme at any time, but it is open to all. Staff are already reporting that some children are feeling better able to integrate, are learning English and generally feeling hope after what have been often devastating childhoods.

Wild Wellbeing tackles Mental Health issues

In the last year our new Wild Wellbeing programme launched to support participants to move on to mainstream naturebased volunteering opportunities, mitigate the mental health impacts of covid and to train organisations offering nature therapy in mental health issues.

Thanks to the programme three participants have applied to rent their own allotment plots, another is now volunteering for the Trust and one has applied to be a paid support worker for Wiltshire Wildlife Trust.

The project gives online mental health training to organisations that offer nature-based volunteering. Attendees gain a better understanding of mental health and illness, generating a range of skills and that can be used in the workplace and everyday life.

In October the Mental Health First Aid course delivered internally at the Trust, resulting in seven newly qualified Mental First Aiders across the Trust.

Brockbank Exhibition Centre and Gallery

The Kingfisher café hosted in the Brockbank Centre is now an established community hub for visitors to appreciate nature and a gallery for exhibitions such as the Wylye Valley Art Trail. Langford Lakes is now a popular wedding venue and is helping to increase and diversify our membership.

Lakeside Nature Centre

The building of this centre was completed during the year, however due to lockdown it was unable to open until July 2021. The Trust held a competition to name the centre and after much conversation and many votes, it is now officially called Dragonfly Café and Nature Centre. It is quickly becoming a real hub for visitors and staff at our Lower Moor Reserve.

Naturehood

Our Naturehood Programme, which we delivered in partnership with Earthwatch Europe helped people to engage with nature on their front doorstep and consider the small changes they could make to ensure increased biodiversity.

Over lockdown we adapted by creating virtual communities where people could share ideas and information about how to do everything from build a pond to identify butterflies. The Naturehood programme funding finished in August 2020 but the virtual communities are able to carry on and other Naturehood communities have been developed across the country.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Building Bridges wins award

Our Building Bridges programme, which is funded by the European Social Fund and The National Lottery Community Fund also went online, easing isolation through soft skill, craft and nature-based activities. Not only did this result in more participants, but also its first national award, jointly named ‘Team of the Year’ at the ERSA Employability Awards 2020. This award recognises the outstanding work of the team and wider partnership led by Community First in helping people overcome barriers to employment and education across Swindon and Wiltshire.

Encourage, support and provide outdoor learning

Swindon Forest Meadows Project

The Swindon Forest Meadows is a joint project with Swindon Borough Council which has been creating, restoring and enhancing grassland sites in and around Swindon covering approximately 170 hectares.

Volunteers have cleared invasive species, built bridges, bird and bat boxes, created scallops for butterflies and new glades to improve diversity. The project works very closely with volunteers and an area that has grown over the last year is surveying and monitoring.

Youth Education and Wellbeing

Our Youth Education and Wellbeing programme also went online during the pandemic with tools and videos, bespoke letters, activities and weekly calls from staff to maintain contact during the lockdown.

Forest School packs were sent to vulnerable children from disadvantaged backgrounds or with special needs.33 primary school staff in Pewsey were also trained to include nature in their curricula for better health and wellbeing, and work experience participants gained a greater appreciation of nature with young people also better understanding the natural world.

Feedback from the staff training was overwhelmingly positive with comments such as:

“a very useful and informative day” “very knowledgeable and flexible staff”

“lots of really good explanations about how being outdoors can improve children’s wellbeing” “great practical advice and tips, thank you”

Reading University reveals the impact of the Milestones Programme

The Milestones programme achieved some important outcomes for young people on wellbeing and schooling engagement, as well as delivering AQA qualifications to young people and teachers. Ten young people went on to start the ambassador training programme with Youth Action Wiltshire and the programme has helped to build a workforce for conservation for the future.

Strand 1 of Milestones offered our long term participants digital resources, encouraging young people to use their gardens and local green spaces to continue engaging with nature to learn, explore and most importantly maintain their physical and mental health. Some lecturers and teachers have used the resources and activities as content for their online lessons.

The Willows and Lakeside Care Farm

Building on the success of our first care farm, Lakeside at Lower Moor, we expanded with the creation of a second care farm, called The Willows, at Mill Farm in Broughton Gifford. In total 107 young people were helped over the past year across both care farms.

Building works at the site included installation of an air source heat pump, raised beds and polytunnels near the converted stable block classroom. This increased capacity meaning more young people can be supported through engagement with nature.

Alternative provision was provided for looked after children; and a higher than average number of students attended The Willows, as they were then helped to transition back into school or to Lakeside Care Farm, ahead of the autumn. Both Care Farms also took on three ‘emergency’ students from Wiltshire Council and Kent Council during the year.

Support people wishing to reduce their ecological and carbon footprints

Reducing our carbon emissions and helping others to live sustainably

In November 2020 Trustees agreed that the Trust should adopt the target to be 'carbon net zero' by 2030, in line with wider The Wildlife Trusts movement. Calculations were made based on the national template developed by The Wildlife Trusts.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

In addition to calculating emissions, we estimated the carbon captured and stored by the Trust’s nature reserves and the amount of carbon avoided by use and generation of renewable energy. This excluded the renewable energy generated by WWCE as the Renewable Energy Guaranteed Origin (REGO) certificates have not yet been returned to the Trust.

Calculations show the Trust already captures and stores more carbon than it emits. Total carbon emissions during 2019 - 2020 were 1,036 'tCO2e' (tonnes of carbon dioxide equivalent) but our nature reserves capture and store between 1,419 to 3,855 tCO2 per year.

We avoid 26 tCO2/yr by purchasing 100% renewable electricity and our carbon budget is further strengthened by generating nearly 6MW of electricity via Wiltshire Wildlife Community Energy Company, which avoids a further 1.727 tCO2e.

We also estimate that our nature reserves store 245,000 tCO2e, of which only 1% is in biomass above ground, the majority being in the soil.

A plan to further reduce emissions was scoped during the period of review, with a due date of summer 2022. Ideas considered include switching to electric tools and vehicles, further reduction in staff and volunteer travel and eliminating the use of fossil fuels, as well as optimising the use of livestock.

The Trust’s mission is also to help people live more sustainably. In this respect we have been encouraging people to do so through a variety of methods:

FINANCIAL REVIEW

For the year ended 31st March 2021 the Trust is reporting a surplus of £2,294,226. Donations and legacies have increased by £1,479,587 when compared to 2020 with the gift of Mill Farm and an increase in legacy income. Charitable activity income has increased by £193,061 with the acquisition of Emmett Hill and funding secured from Biffa Award. The Trust also secured grant income to develop the site at Mill Farm.

We are thankful for the ongoing financial support from our grant funders, local authority, environmental agencies and the landfill tax contributions from The Hills Group and Crapper and Sons. Along with the support from our 22,000 members we have been able to enhance our nature reserves and keep them open for visitors to appreciate the natural environment during this challenging year. Our hardworking and dedicated staff and volunteer teams have excelled in ensuring the Trust aims and charitable objectives have been delivered.

Expenditure has increased in the year by £174,696 when compared to 2020. During the year we have invested in the infrastructure at Mill Farm and opened The Willows Care Farm. Engaging with Nature through Education has been developed with additional staff costs incurred. Langford Lakes has been transformed by new wetland scrapes and capital works at Coombe Bissett have been completed.

The accounts show a gain on investments of £237,445 reflecting the increase in value of the investment properties and investments held.

During the year £1,153,184 was expended on capital acquisitions, of which £976,675 was associated with land holding and £103,325 infrastructure. The remainder was in line with the capital replacement programme including updating farm and IT equipment.

The Trust Consolidated Balance Sheet at the end of March 2021 remains strong with assets in excess of £14 million. This consists of £11.9 million fixed assets including £287,124 in the Charifund managed independently by M&G Securities Ltd. The bank balance of £1,565,628 is easily accessible therefore liquid assets are available to meet the creditors liability.

Notes 22 and 23 show the range of projects undertaken by the Trust and the remaining balances at year end in the Restricted, Designated and Unrestricted Funds.

The Trust’s financial base remains strong and we continue to seek opportunities to raise additional funding, look for efficiencies and create flexibility to ensure we can easily adapt to future challenges.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Investment Policy

The Trust’s policy regarding cash not immediately needed for working capital is to place it in a range of investments, depending on the Trust’s requirements in the medium to long term and on the economic outlook. Thus, the Trust has investments in short-term money funds, in equities and in property. The property investments include development of disused buildings on Trust property adjacent to its reserves into residential accommodation which is expected to generate rental income. The purpose of the investments in equities and property is to provide the Trust with a higher total return than available from money on deposit, reducing risk by investing across a range of investments.

As at 31 March 2021 the Trust had £22,545 invested in the Charities Official Investment Fund (COIF), a short-term and immediately available money fund (2020: £22,519) and £3 in a savings account with Barclays Wealth (2020: £3). A further £1,543,080 (2020: £734,885) was held in easy access deposit accounts mainly with Barclays to provide immediate regular needs.

At the end of the year the Trust retained 19,500 Charifund units which had a market value of £287,124 (2020: £233,120). Charifund is an independent fund managed by M & G Securities Limited.

The Finance Committee reviews the performance of the Trust’s investments and reports to the Council on a quarterly basis.

Financial Reserves Policy

At the year-end date the group had total funds of £14,338,349 of which £10,968,713 were restricted, £1,193,789 designated and £2,175,847 unrestricted. Details of restricted and unrestricted funds are provided in notes 23 to 24 to the accounts.

Restricted funds will be realised according to the funding agreements in place and the time remaining for the project. At the year-end £524,944 is held as unspent income Restricted Funds.

The Land Acquisition fund is held solely as funding to acquire new areas to create living landscapes. At 31 March 2021, there are plans to release £30,000 from the fund as match funding for the acquisition of Bay Meadows.

The total “free” reserves at the year-end date is £1,284,817. This takes into consideration the amount of reserves the group holds after making allowance for any restricted funds, the amount of any designations, commitments (not provided for as a liability in the accounts) or carrying amount of functional assets which the group considers to represent a commitment of the reserves they hold.

The Trustees have adopted a policy regarding financial reserves which should ensure that:

The level of reserves is reviewed on a quarterly basis by the Finance Committee.

Performance of the Trading Subsidiary

Wiltshire Wildlife Trust Limited has a 100% shareholding in a trading subsidiary called Wiltshire Environmental Enterprises Limited. No activity was undertaken during the financial year. Only interest and accounting adjustments have been recorded.

Market Value of Land and Buildings

The nature reserves owned by the Trust represent areas of land held for conservation purposes. These are all stated either at cost or, if gifted to the Trust, at the market value at the date of the gift.

The freehold buildings comprise the offices out of which the Trust operates, together with farmhouses and other buildings acquired with nature reserves which are not held to earn rentals. These are stated at cost.

Properties held to generate rent are treated as investment properties and these are stated at fair value.

Page 12

WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Principal Risks and Uncertainties

The Trustees have examined the principal areas of the Trust’s operations and considered the major risks that may arise in each of these areas. In the opinion of the Trustees, the Trust has established resources and review systems, which under normal conditions should allow the risks identified by them to be mitigated to an acceptable level in its day-to-day operations. At each meeting of the Council and of its committees, those present are asked to disclose if they are aware of any new risks or any material change in the level of likelihood of any existing risk or in the impact of its occurrence.

Challenges facing the Trust

In addition to the environmental and societal challenges, the Trust faces a number of other significant challenges over the coming years. It is still unclear what the lasting impact of the coronavirus pandemic will have on society and attitudes towards the natural environment.

Additional challenges include:

PLANS FOR FUTURE PERIODS

It is clear that the next few years are going to be challenging with the continuing economic pressures and the rising threats to the environment. The departure from the EU and introduction of new environmental legislation will impact the way in which the Trust operates. It is clear that the importance of our reserves and the delivery of health and wellbeing work during the coronavirus pandemic has been hugely valuable, therefore the Trust will continue to support and build havens for people and wildlife.

Our vision for Wiltshire and Swindon is simple; we need a sustainable future for wildlife and people. This means reversing the loss of wildlife, restoring ecosystems, using natural solutions to help tackle the climate crisis, halting toxic chemical use, reducing waste, using renewable resources, living within the limits of finite natural resources, conserving soils, protecting air and water quality, and providing opportunities for people to benefit from a healthy natural environment.

To help achieve this vision the focus of the Wiltshire Wildlife Trust over the next 5 years will be to support the recovery of nature, help people connect with nature and live more sustainably.

The Trust will continue to lead and support the transition of society to live more sustainably, continuing to raise awareness of the likely impacts of climate change and the need to develop adaptation and mitigation measures. We will seek to get our ideas integrated into the mainstream, e.g. in education, public health, planning policy, waste management, construction industry, green economy, so that they become part of the ‘norm’ – as household recycling has in recent decades, for example. As well as showing that our ideas work in practice, we will develop our communications and advocacy to help environmentally friendly behaviours become adopted within mainstream thought.

People are part of nature. But we're losing touch with it and this is causing us great harm. Children are suffering from 'nature deficit disorder'. Adults and children need to reconnect with nature. The evidence shows that getting out into nature improves our mental and physical health. Urban green spaces that are rich in wildlife boost our immune systems. We must fill the spaces close to where we live with wildlife. Prevention is better and cheaper than cure.

We want to see an increased abundance of nature, experienced by people in their daily lives. We will support nature’s recovery through our nature reserves and by working with farmers and other landowners and create nature recovery networks based on spatial connectivity and ecosystem function. We will ensure that our work is based on sound knowledge and evidence and that we use this to influence and inform decisions made by others.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

For the five years April 2020 to March 2025, we have set ourselves two main aims:

Aim 1. To support nature’s recovery .

To achieve this aim we have set ourselves the following objectives:

  1. Protect, maintain, enhance and enlarge our nature reserves. We have protected some of Wiltshire’s most important areas for wildlife by acquiring them and managing them as nature reserves. They are wonderful examples of some of the most threatened habitats in Wiltshire and, through our careful management, they are ‘hotspots’ for biodiversity as well as providing places where people can experience wildlife. The Trust will continue to add to the land it manages, particularly where we can increase the size of an existing reserve, help create an interconnected nature recovery network, have outstanding wildlife value that is under threat or provides valuable places where people can easily access nature.

  2. Increase the amount of land, rivers and wetlands managed for the benefit of wildlife. Nature’s recovery will depend on the creation of a network of wildlife habitat and implementing natural climate solutions. We need to halt and reverse the loss of habitats and the overuse of pesticides and build links between existing areas of high quality habitat, and the creation of new wildlife-rich areas. This includes creating wilder urban areas through green infrastructure and developments providing net biodiversity gains, including the creation of new nature parks. We will work with, advise and support landowners, farmers, riparian bodies, government agencies, Local Authorities, catchment partnerships, water companies, developers and others.

  3. Stand up for wildlife and the natural environment. We will champion the value of nature and seek to influence plans, policies and proposals to safeguard and enhance wildlife and promote sustainability principles. Based on sound science and evidence we will monitor and report on the state of Wiltshire’s environment, build partnerships to increase our effectiveness and maximise the outcomes for wildlife through the planning system.

Aim 2. To help people connect with nature and live more sustainably

To achieve this Aim we have set ourselves the following objectives:

  1. Enable people to engage with nature to improve their health and wellbeing. We will promote the health and wellbeing benefits of the natural environment and offer opportunities for people to have greater engagement with nature and green exercise.

  2. Encourage, support and provide outdoor learning. We will provide Forest Schools activities, develop the use of the Trust’s Nature Centres, expand our successful Care Farm operation with new centres at Broughton Gifford and Coombe Bissett and provide opportunities for adults and young people to learn about, enjoy and take action to sustain nature.

  3. Support people wishing to reduce their ecological and carbon footprints . We will make the connections between the way we live and the need to avoid compromising the environment for future generations; providing the tools and inspiring people to take action. This will include promoting waste minimisation and encouraging wildlife friendly gardening and good eating habits. We will raise awareness of the need to tackle the causes of climate change using natural climate solutions and adapt to the changes that will occur. We will support community based renewable energy generation and will work with others in encouraging people to take action.

Business Development

To enable the Trust to fulfil our mission and achieve our aims and objectives we need:

Page 14

WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust is a company limited by guarantee incorporated in England and is governed by its Memorandum and Articles of Association. It is also a charity registered in England. It is subject to both the Companies Act and the Charities Act.

The Trust is governed by a Board of Trustees known as the Council who are elected by the Trust’s members. The Trustees are the directors of the company for Companies Act purposes. The Council meets at least four times per year. Its work is supported by a number of committees (Finance, Personnel, Conservation Management, Conservation Policy, Health and Safety and Sustainability, Education and Wellbeing), each of which has its own terms of reference. Some committees include co-opted experts who are not Trustees.

Overall responsibility for all aspects of the leadership, direction, performance and probity of the Trust is vested in the Council.

In particular the Council has responsibility for:

Council has delegated to the Chief Executive Officer the following responsibilities:

The Council has determined that decisions on certain matters are reserved to the Council (or, in certain cases, to specified Committees of the Council or, where expedition is required and subject to certain safeguards, to the chairman or other designated member of that Committee). Such matters include major unbudgeted expenditure not covered by matched funding, major long term arrangements or contracts, significant changes in investments and major changes to the Trust’s management structure or to employee benefits, as well as approval of strategies, budgets and other matters directly relevant to the Council’s fulfilment of its functions described above.

The Council has also delegated to Committees the task of monitoring various aspects of the Trust’s performance and of reporting back to the Council (with recommendations where appropriate). All Committee minutes (excepting Personnel) are presented to the Council together with any recommendations for decision requiring the approval of Trustees.

Selection and Appointment of Trustees

The Council reviews at least once a year the skills and experience that the Trust needs amongst its Trustees. When a vacancy arises for a Trustee, a selection process is undertaken with a view to filling any unmet need. The Trust will place advertisements onto the website, relevant publications or individuals will be approached on an informal. A recruitment search agency will be used if appropriate.

Trustees are elected at the AGM for a three-year period and are permitted to complete two consecutive three-year terms following which they must stand down for at least one year. A special resolution may be sought if a Trustee continues to serve on the Board. A person may be appointed as a Trustee by the Council between AGM’s but must offer him/herself for election at the next AGM. All nominations for a person to be elected as a Trustee at the AGM are presented to the members of the Trust together with the names of their proposer and seconder.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

A prospective Trustee submits a curriculum vitae which is considered by the currently serving Trustees. There is also an interview with the Chairman, a Trustee with similar experience and the Chief Executive of the Trust before the nomination as Trustee is submitted to Council for approval. Trustees are encouraged to join the Trust via the various Committees.

Trustee Induction and Training

New Trustees are provided with an induction pack, which includes information on Wiltshire Wildlife Trust Limited and its activities, as well as an explanation of their responsibilities as Trustees. They are also invited to meet the SLT. An existing Trustee will normally be identified to act as a mentor to the new Trustee. After the new Trustee’s first meeting, the Chair will discuss with him/her any issues arising, any training needs and which committee/activities of the Trust the Trustee would like to support.

Arrangements for setting the pay and remuneration for the key management personnel

The Trust considers the key management personnel comprise the Trustees, the Chief Executive, Head of Business Development and Community Engagement, Head of Conservation, Head of Fundraising and Communications and the Head of Finance and Resources. The key personnel of the Charity are in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees give their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in notes 9 and 34 to the accounts.

Trustees are required to disclose all relevant interests and register them with the Chief Executive or Head of Finance and Resources in accordance with the Trust’s policy withdraw from decisions where a conflict of interest arises.

The pay of the charity’s Chief Executive, senior personnel and all other staff are reviewed annually and cost of living increase considered as part of the budgeting process. Annually the Trust receives notification of the cost of living and salary levels of chief executives and senior staff across the Wildlife Trust movement. This helps individual trusts make informed decisions regarding future remuneration of staff. This is fully considered as part of the full budget process for the following financial year. The remuneration is also bench-marked with similar charities in the sector of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

Relationship with the charity and related parties including its subsidiaries

The Trust has a wholly owned trading subsidiary, Wiltshire Environmental Enterprises Ltd (Company No 01674944), which has not traded in 2020-21.

The Trust is a corporate member of the Royal Society of Wildlife Trusts. This consists of 46 wildlife trusts across the British Isles, working towards a common vision of ‘an environment rich in wildlife for everyone’.

The Trust is a member of South West Wildlife Trusts Limited, a charity whose objectives are primarily to promote biodiversity and environmental policy in the South West on a regional basis and to strengthen the individual wildlife trusts’ capacity in their activities by acting as a combined force where appropriate.

The Trust is a corporate trustee of the Keeper’s Trust, a charity set up to promote biodiversity in North Wiltshire.

The Trust is one of 10 members of the South West Wildlife Fundraising Limited (SWWFL), which provides membership recruitment services.

The Trust holds two Directorships with Wiltshire Wildlife Community Energy (WWCE) which is a community-owned sustainable energy company. The purpose of the company is to benefit the local community through increased resilience, cheaper energy costs, greater local value added and through the recycling of the profits into projects that will mitigate against climate change.

Fundraising Practices

Wiltshire Wildlife Trust is a member of the South West Wildlife Fundraising Limited which provides membership recruitment services. The contact preferences for new members are recorded upon registration and adhered to with regards to communications and appeals. Other supporters opt in to receive information from the Trust under our GDPR policy.

Our Head of Fundraising and Communications and Trusts and Grants Officer are employed to apply for Trusts and Grants from recognised bodies for new projects and match funding. In addition appeals and campaigns are undertaken in line with the Institute of Fundraising Code of Conduct.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The Trust is registered with the Fundraising Preference Service and supports the work of the Fundraising Regulator. The Telephone and Mail Preference Service are also adhered to.

The Charity protects vulnerable people and members of the public by having strict policies in place and consent for communication. There have been no complaints to date.

Statement of Trustees’ Responsibilities

The Trustees (who are also the directors of Wiltshire Wildlife Trust Limited for the purposes of company law) are responsible for preparing their Report of the Trustees (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and the group and of the incoming resources and application of resources, including the income and expenditure, of Trust and the group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to Disclosure of Information to Auditors

In so far as the Trustees are aware, there is no relevant audit information of which the Trust’s auditors are unaware, and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Auditors

A resolution to reappoint MHA Monahans as auditors will be put to the members at the Annual General Meeting.

In approving the Report of the Trustees, we also approve the Strategic Report included therein, in our capacity as company directors.

By order of the Trust Council

Mr M Street Chair

Mr P Luck Treasurer

Date: 11 August 2021

Page 17

WILTSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS REPORT TO MEMBERS OF WILTSHIRE WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2021

Opinion

We have audited the financial statements of Wiltshire Wildlife Trust (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2021 which comprise the Consolidated Statement of Financial Activities, the Group and the Parent Charitable Company Balance Sheet, the Group and Parent Charitable Company Cash Flow Statement and related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the academy trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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WILTSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS REPORT TO MEMBERS OF WILTSHIRE WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2021

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 17 the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to health and safety, employment law and company legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements of the Company. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the audit engagement team included:

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WILTSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS REPORT TO MEMBERS OF WILTSHIRE WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2021

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

James Gare Senior Statutory Auditor For and on behalf of MHA Monahans, Statutory Auditor Chartered Accountants Fortescue House, Court Street Trowbridge, Wiltshire, BA14 8FA

23 December 2021 Date: …………………………………….

Page 20

WILTSHIRE WILDLIFE TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other
Total income
Expenditure on:
Raising funds
Recruiting new members
Fundraising, donations and
legacies
Charitable activities
Creating living landscapes
across Wiltshire
Lead and support
the transition of society
towards more sustainable
living
Ensure our work is based on
sound knowledge and
evidence
Support of members
Total expenditure
6
Net gains / (loss) on
investments
Net income
Transfers between funds
24
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
2,434,965
2,092,017
36,243
78,589
35,563
4,677,377
90,509
138,828
1,121,103
1,251,664
37,009
214,197
2,853,310
237,445
2,061,512
(569,798)
1,491,714
1,877,921
3,369,635		 Restricted
£
27,806
1,210,192
-
-
9,158
1,247,156
-
-
368,973
568,152
77,317
-
1,014,442
-
232,714
569,798
802,512
10,166,202
10,968,714		 2021
£
2,462,771
3,302,209
36,243
78,589
44,721
5,924,533
90,509
138,828
1,490,076
1,819,816
114,326
214,197
3,867,752
237,445
2,294,226
-
2,294,226
12,044,123
14,338,349		 2020
£
983,184
3,109,148
31,019
92,044
21,028
4,236,423
160,874
133,284
1,324,934
1,709,537
169,336
195,091
3,693,056
(57,243)
486,124
-
486,124
11,557,999
12,044,123

The statement of financial activities contains all gains and losses recognised during the year. All income and expenditure derive from continuing activities. The notes on pages 24 to 48 form part of these accounts

Page 21

WILTSHIRE WILDLIFE TRUST LIMITED CONSOLIDATED AND CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021

Note
Fixed Assets
Tangible assets
12
Heritage assets
13
Investments
14
Mixed motive investments - properties
14
Current Assets
Stocks and work in progress
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
18
Total net assets
Charity Funds
Capital Fund
Restricted nature reserves
22
Other Funds
Restricted funds
22
Unrestricted funds
Unrestricted funds
23
Designated funds
23		 Group
2021
2020
£
£
2,151,323
2,109,973
7,224,473
6,247,798
356,946
233,120
2,211,604
2,031,964
11,944,346
10,622,855
180,520
191,110
1,138,004
826,946
1,565,628
757,407
2,884,152
1,775,463
(428,519)
(280,822)
2,455,633
1,494,641
14,399,979
12,117,496
(61,630)
(73,373)
14,338,349
12,044,123
8,484,766
7,546,549
2,483,947
2,619,653
2,175,847
1,341,324
1,193,789
536,597
14,338,349
12,044,123		 Charity
2021
2020
£
£
2,151,323
2,109,973
7,224,473
6,247,798
366,946
243,120
2,211,604
2,031,964
11,954,346
10,632,855
180,520
191,110
1,137,784
827,435
1,543,489
733,971
2,861,793
1,752,516
(427,919)
(280,322)
2,433,874
1,472,194
14,388,220
12,105,049
(61,630)
(73,373)
14,326,590
12,031,676
8,484,766
7,546,549
2,483,947
2,619,653
2,164,088
1,328,877
1,193,789
536,597
14,326,590
12,031,676		 Charity
2021
2020
£
£
2,151,323
2,109,973
7,224,473
6,247,798
366,946
243,120
2,211,604
2,031,964
11,954,346
10,632,855
180,520
191,110
1,137,784
827,435
1,543,489
733,971
2,861,793
1,752,516
(427,919)
(280,322)
2,433,874
1,472,194
14,388,220
12,105,049
(61,630)
(73,373)
14,326,590
12,031,676
8,484,766
7,546,549
2,483,947
2,619,653
2,164,088
1,328,877
1,193,789
536,597
14,326,590
12,031,676
10,632,855
191,110
827,435
733,971
1,752,516
(280,322)
1,472,194
12,105,049
(73,373)
12,031,676
7,546,549
2,619,653
1,328,877
536,597
12,031,676

The financial statements were approved and authorised for issue by the Trustees on 11 August 2021. Signed on behalf of the board of Trustees:

………………………………… ……………………………………… Mr M Street Mr P Luck

Mr M Street The notes on pages 24 to 48 form part of these accounts Company number: 00730536

Page 22

WILTSHIRE WILDLIFE TRUST LIMITED CONSOLIDATED AND CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flow from operating activities
30
Interest paid
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed
assets and heritage assets
Receipts from sales of tangible fixed
assets
Receipts from sales of investments
Dividends and interest received
Rents received from investment
properties
Net cash flow from investing activities
Cash flow from financing activities
Repayment of long-term loans
Repayment of hire purchase
Net cash flow from financing activities
Increase / (decrease) in cash & cash
equivalents
Cash and cash equivalents at 1 April
2020
Cash and cash equivalents at 31
March 2021
Cash and cash equivalents consist of:
Cash at bank and in hand
Cash and cash equivalents at 31
March 2021		 Group
2021
2020
£
£
1,886,692
163,796
(1,049)
(1,706)
1,885,643
162,090
(1,153,184)
(280,141)
8,708
231,500
-
100,000
13,849
20,471
64,740
71,573
(1,065,887)
143,403
(11,535)
(11,051)
-
(7,694)
(11,535)
(18,745)
808,221
286,748
757,407
470,659
1,565,628
757,407
1,565,628
757,407
1,565,628
757,407		 Charity
2021
2020
£
£
1,888,000
169,247
(1,050)
(1,676)
1,886,950
167,571
(1,153,184)
(280,141)
8,708
231,500
-
100,000
13,839
20,419
64,740
71,573
(1,065,897)
143,351
(11,535)
(11,051)
-
(7,694)
(11,535)
(18,745)
809,518
292,177
733,971
441,794
1,543,489
733,971
1,543,489
733,971
1,543,489
733,971		 Charity
2021
2020
£
£
1,888,000
169,247
(1,050)
(1,676)
1,886,950
167,571
(1,153,184)
(280,141)
8,708
231,500
-
100,000
13,839
20,419
64,740
71,573
(1,065,897)
143,351
(11,535)
(11,051)
-
(7,694)
(11,535)
(18,745)
809,518
292,177
733,971
441,794
1,543,489
733,971
1,543,489
733,971
1,543,489
733,971
167,571
(280,141)
231,500
100,000
20,419
71,573
143,351
(11,051)
(7,694)
(18,745)
292,177
441,794
733,971
733,971
733,971

Page 23

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1) Accounting policies

a) General information and basis of preparation

Wiltshire Wildlife Trust Limited is a charitable company limited by guarantee registered in England and Wales. The address of the registered office is given in the legal and administrative information on page 2 of these financial statements. The nature of the charity’s operations and principal activities are provided in the Report of the Trustees.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Group financial statements

These group financial statements consolidate the results of the charity and its wholly-owned subsidiary Wiltshire Environmental Enterprises Limited, both of which make up their financial statements to 31 March. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006.

Cash held at the year end by supporter groups is incorporated within the financial statements where amounts have been advised to the Trust.

c) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. The Trustees have considered the potential impact of the Covid 19 pandemic and have concluded that this will not affect the going concern status of the charity.

d) Funds

Unrestricted funds - Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

- Designated funds Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds - Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Restricted Nature Reserves Capital Fund - All income which increases this fund is dealt with in the income and expenditure account. Expenditure is of a capital nature and thus represented by an addition to the nature reserves owned by the charity and included in tangible fixed assets on the balance sheet.

e) Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity, for example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Page 24

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1) Accounting policies (continued)

No amount is included in the financial statements for volunteer time in line with the Charities SORP (FRS 102). Further detail is given in the Report of the Trustees.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

Landfill tax income is credited to the income and expenditure account and is recognised when entitlement has occurred.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Other income includes any income not falling into other income categories.

f) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

g) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include management, finance, information technology, human resource, volunteering, corporate, governance and contribution towards RSWT and SWWT costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Salaries are allocated by reviewing time spent by each employee on the activities and attributing cost accordingly. Other costs are allocated on a percentage basis as detailed overleaf.

2021 2020
• Raising funds 2% 2%
• Creating living landscapes across Wiltshire 41% 37%
• Lead and support the transition of society towards more sustainable living 49% 48%
• Ensure our work is based on sound knowledge and evidence 3% 5%
• Member support 5% 8%

The analysis of these costs is included in note 7.

Page 25

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1) Accounting policies (continued)

h) Tangible Fixed Assets Fixed assets are stated at original cost less accumulated depreciation or, if donated, the value at date of receipt less accumulated depreciation. Expenditure on assets is capitalised if the expenditure amounts to £500 or more.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset evenly over its expected useful life as follows:

Freehold buildings and improvements - between 25 years and 50 years
Agricultural buildings - over 25 years
Vehicles, equipment, furniture and fittings - between 3 years and 10 years
Computer equipment - over 3 years

i) Heritage assets

The Charity’s objects include the conservation of nature for the purpose of study and research and to educate the public in understanding and appreciation of nature, the awareness of its value and the need for its conservation. As such the Charity owns and maintains a number of nature reserves that fall into the definition of heritage assets in accordance with FRS 102. These assets have been capitalised at cost at the date of acquisition, and being land in nature have not been depreciated.

The costs of maintaining the heritage assets are expensed through the Statement of Financial Activities as incurred, as part of the Trust’s charitable activities.

j) Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in ‘net gains / (losses) on investments’ in the Statement of Financial Activities. Where investment properties are reclassified as functional fixed assets due to change of use they are transferred at the prevailing market rate.

k) Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the Statement of Financial Activities if the shares are publicly traded or their fair value can otherwise be measured reliably.

Investments in the subsidiary are stated at cost less any provision for impairment.

l) Mixed Motive Investments A mixed motive investment is an asset held by the charity that provides a financial return but also contributes to the investing charity’s purposes.

The Charity holds a number of residential properties which generate a commercial rent. These properties are located on the Charity’s nature reserves, and retaining ownership allows the charity to better control how these sites are maintained and developed - thereby helping protecting these important sites. Mixed motive investments are valued at fair value.

m) Stock and Work in Progress

Livestock are included at discounted market valuation. Other stocks and work in progress are stated at the lower of cost and net realisable value.

The cost of work in progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

p) Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Page 26

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1) Accounting policies (continued)

q) Concessionary loans

Concessionary loans include those payable to a third party which are interest free or below market interest rates and are made to advance charitable purposes. Loans are repayable on demand within one year and are measured at cost, less impairment.

r) Financial Instruments

The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method and investment properties and listed investments which are measured at fair value.

s) Leases

Assets acquired under hire purchase agreements are capitalised and depreciated over the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals paid under operating lease commitments are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

t) Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

A Group Personal Pension scheme (on a defined contribution basis) is offered to the employees of Wiltshire Wildlife Trust Limited and its subsidiary. Contributions payable for the year by the employer are charged in the Statement of Financial Activities.

u) Tax

The charity is a charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

v) Judgements and key sources of estimation uncertainty

The key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities include investment property valuations (note 14) and stock (note 15).

2) Income from donations and legacies

Membership income
Donations and appeals
Gift Aid
Legacies
Total
Income from charitable activities
Grants
Landfill tax
Charitable Trust (project specific)
Other
Total		 2021
£
580,522
870,172
125,966
886,111
2,462,771
2021
£
1,405,061
846,838
58,939
991,371
3,302,209		 2020
£
563,653
177,213
129,739
112,579
983,184
2020
£
1,422,006
676,478
49,559
961,105
3,109,148

3) Income from charitable activities

Page 27

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3) Income from charitable activities (continued)

A breakdown of grant income received is as follows:

Unrestricted Restricted 2021 2020
£ £ £ £
Natural England - 27,953 27,953 15,416
Local Authorities
Wiltshire Council - 49,976 49,976 100,747
Swindon Borough Council - 96,110 96,110 38,815
Environment Agency - 29,273 29,273 168,139
Wessex Water - 27,132 27,132 38,665
National Lottery Heritage Fund 151,100 156,321 307,421 148,821
National Lottery Community Fund - 269,862 269,862 290,981
National Lottery Community Fund
and the European Social Fund - 60,437 60,437 66,095
Rural Payments Agency (European
Agricultural Fund for Rural
Development and Defra) 236,124 17,080 253,204 158,947
Higher Level Scheme / Single
Farm Payment - - - 283,704
Crest Strategic Projects - 31,779 31,779 6,250
Groundwork UK - - 1,000
Animal & Plant Health Agency - 6,500 6,500 31,930
Bristol Avon Rivers Trust - - - 4,000
Greensquare Estates - - - 48,996
Thames Water - - - 5,000
Wiltshire & Swindon Community - - - 12,000
Westbury Town Council - 3,000 3,000 -
National Trust - 5,870 5,870 -
Defence infrastructure organisation - 7,500 7,500 -
New Forest Park Authority - 16,543 16,543 -
Wessex Rivers Trust - 16,834 16,834 -
The wildlife trusts - 30,000 30,000 -
HMRC coronavirus job retention
scheme - 162,276 162,276 -
Other grants - 3,391 3,391 2,500
387,224 1,017,837 1,405,061 1,422,006

Page 28

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4) Income from other trading activities

Fundraising Events
Retail
Total
Income from investments
Rental income
Income from UK investments
Bank and building society interest
Other interest
Total		 2021
£
12,609
23,634
36,243
2021
£
64,740
13,806
43
-
78,589		 2020
£
20,794
10,225
31,019
2020
£
71,573
20,142
318
11
92,044

5) Income from investments

6) Expenditure

Activities Support
undertaken costs 2021 2020
directly (note 7)
£ £ £ £
Expenditure on:
Raising funds
Recruiting new members 87,933 2,576 90,509 160,874
Fundraising, donations and legacies 131,105 7,723 138,828 133,284
Sarsen Trail - - - -
Total 219,038 10,299 229,337 294,158
Charitable activities
Creating living landscapes across
Wiltshire		 1,281,413 208,663 1,490,076 1,324,934
Lead and support the transition of
society towards more sustainable 1,564,978 254,838 1,819,816 1,709,537
living
Ensure our work is based on
sound knowledge and evidence		 98,316 16,010 114,326 169,336
Support of members 188,834 25,363 214,197 195,091
Total 3,133,541 504,874 3,638,415 3,398,898
Total expenditure 3,352,579 515,173 3,867,752 3,693,056

Page 29

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7) Analysis of support costs

Charitable Activities Raising funds

Lead and
support the Ensure our
transition Work is
Create of society based on
living towards sound Fundraising,
landscapes more Knowledge Support Recruiting donations
across sustainable and of new and
Wiltshire living Evidence members members legacies Total
£ £ £ £ £ £
Year ended 31 March 2021
Management 49,165 60,045 3,772 5,976 607 1,821 121,386
Finance 38,883 47,488 2,983 4,726 480 1,440 96,000
Information
Technology		 38,286 46,759 2,938 4,654 473 1,418 94,528
Human Resources 7,674 9,372 589 933 95 284 18,947
Corporate 51,936 63,427 3,984 6,313 640 1,919 128,219
Volunteering 5,169 6,313 397 628 64 191 12,762
Governance 3,333 4,071 256 405 41 123 8,229
Contribution towards
RSWT and SWWT		 14,217 17,363 1,091 1,728 176 527 35,102
Total 208,663 254,838 16,010 25,363 2,576 7,723 515,173
Year ended 31 March 2020
Management 51,491 66,443 6,581 10,345 688 2,064 137,612
Finance 43,985 56,757 5,622 8,837 588 1,763 117,552
Information
Technology		 27,066 34,926 3,459 5,438 362 1,085 72,336
Human Resources 6,317 8,151 807 1,269 84 253 16,881
Corporate 62,950 81,231 8,046 12,647 840 2,523 168,237
Volunteering 791 1,021 101 159 11 32 2,115
Governance 3,113 4,017 398 626 42 125 8,321
Contribution towards
RSWT and SWWT		 17,624 22,741 2,252 3,541 236 707 47,101
Total 213,337 275,287 27,266 42,862 2,851 8,552 570,155

Page 30

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8) Net income for the year

Group net income for the year is stated after charging / (crediting)

2021 2020
£ £
Depreciation of tangible fixed assets 133,328 122,356
(Profit) / loss on disposal of tangible fixed assets (6,879) (6,518)
Operating lease rentals 15,483 25,921
Auditor’s remuneration for audit services 15,000 13,750
Auditors’ remuneration for accountancy and other services 9,400 7,830

9) Trustees’ and key management personnel remuneration and expenses

The Trustees neither received nor waived any remuneration during the year (2020: £nil).

The total amount of employee benefits received by key management personnel is £268,953 (2020: £240,178). The Trust considers its key management personnel comprise the Trustees, the Chief Executive, the Head of Business Development and Community Engagement, the Head of Fundraising and Communications, the Head of Conservation and the Head of Finance and Resources.

Expenses were reimbursed to no (2020: one) Trustees during the year for travel and accommodation costs totalling £nil (2020: £51). No expenses (2020: £313) were paid directly to third parties.

10) Staff costs and employee benefits

Total staff costs and employee’s benefits were as follows:

Salaries and wages
Social security costs
Pension costs
Other employee benefits
Death in service
Permanent health insurance
Staff costs for the charity
Staff costs for Wiltshire Environmental Enterprises Limited
Total staff costs for the group		 2021
£
1,694,797
134,650
143,985
27,682
18,981
2,020,095
2,020,095		 2020
£
1,636,876
127,820
139,422
26,549
17,586
1,948,253
-
1,948,253

No redundancy payments (2020: £12,234) were made during the year.

During the year one employee received total employee benefits (excluding employer pension costs) of between £70,000 and £80,000 (2020: one employee £70,000 to £80,000).

Page 31

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10) Staff costs and employee benefits (continued)

The average actual number of employees during the year was as follows:

Trust officers and support staff
Consultancy activities
Total		 Group
2021
2020
99
94
-
-
99
94		 Charity
2021
2020
94
94
-
-
94
94

The average number of full time equivalent employees during the year was as follows:

Trust officers and support staff
Consultancy activities
Total		 Group
2021
2020
61
60
-
-
61
60		 Charity
2021
2020
60
60
-
-
60
60

11) Comparative Group Statement of Financial Activities (including income and expenditure account)

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other
Total income
Expenditure on:
Raising funds
Recruiting new members
Fundraising, donations and legacies
Sarsen Trail
Charitable activities
Creating living landscapes across
Wiltshire
Lead and support the transition of society
towards more sustainable living
Ensure our work is based on sound
knowledge and evidence
Support of members
Total expenditure
6
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
888,381
1,972,172
30,961
92,044
20,940
3,004,498
160,874
133,284
-
-
854,533
1,169,752
48,569
195,091
2,562,103
(57,243)
385,152
(297,970)
87,182
1,790,739
1,877,921		 Restricted
£
94,803
1,136,976
58
-
88
1,231,925
-
-
-
-
470,401
539,785
120,767
-
1,130,953
-
100,972
297,970
398,942
9,767,260
10,166,202		 2020
£
983,184
3,109,148
31,019
92,044
21,028
4,236,423
160,874
133,284
-
-
1,324,934
1,709,537
169,336
195,091
3,693,056
(57,243)
486,124
-
486,124
11,557,999
12,044,123

Page 32

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12) Tangible assets Group and charity

Freehold
buildings		 Vehicles &
Equipment		 Furniture
& Fittings		 Total
£ £ £ £
Cost
At 1 April 2020 2,454,726 539,696 196,743 3,191,165
Additions 129,556 33,362 13,592 176,509
Disposals - (38,529) (8,143) (46,671)
At 31 March 2021 2,584,282 534,529 202,192 3,321,003
Depreciation
At 1 April 2020 496,748 456,851 127,594 1,081,193
Charge for the year 68,921 44,835 19,572 133,328
Eliminated on disposals - (36,699) (8,142) (44,841)
At 31 March 2021 565,669 464,987 139,024 1,169,680
Net book value
At 31 March 2021 2,018,613 69,542 63,168 2,151,323
At 31 March 2020 1,957,978 82,845 69,149 2,109,972

13) Heritage assets

The Trust’s nature reserves are held to advance the conservation objectives of the charity and therefore are recognised as Heritage assets. Such assets are central to the achievements of the Trust. Purchased heritage assets are included in the balance sheet at cost. Donated assets are only included in the balance sheet where a reliable valuation can be obtained at the date of donation. Other nature reserves are leased or rented at a nominal value.

36 different nature reserves have been purchased or donated throughout the life of the Trust. In addition, a further 9 nature reserve sites are being leased or rented at a nominal rental.

Public access to the sites is generally unrestricted subject to health and safety, temporary operational or other restrictions such as within leases or conveyance documents.

Five year summary of heritage asset transactions

Group and charity 2021 2020 2019 2018 2017
£ £ £ £ £
Cost brought forward 6,247,798 6,247,798 5,326,090 4,526,090 4,526,090
Purchased additions in year 380,000 - 921,708 800,000 -
Donated additions in year 596,675 - - - -
Cost carried forward 7,224,473 6,247,798 6,247,798 5,326,090 4,526,090

It is not practical to separately identify the amount spent on maintaining these assets as it is so integral to the general work of the Trust.

Page 33

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14) Investments

Investments
Mixed
motive
investments		 Listed
investments		 Other
investments		 Total
- properties
£ £ £ £
Charity
Cost or valuation
At 1 April 2020 2,031,964 233,120 10,000 2,275,084
Additions - 66,021 - 66,021
Disposals - - - -
Gains / (losses) on revaluation 179,640 57,805 - 237,445
At 31 March 2021 2,211,604 356,946 10,000 2,578,550
Carrying amount
At 31 March 2021 2,211,604 356,946 10,000 2,578,550
At 31 March 2020 2,031,964 233,120 10,000 2,275,084
Group
Cost or valuation
At 1 April 2020 2,031,964 233,120 - 2,265,084
Additions - 66,021 - 66,021
Disposals - - - -
Gains / (losses) on revaluation 179,640 57,805 - 237,445
At 31 March 2021 2,211,604 356,946 - 2,568,550
Carrying amount
At 31 March 2021 2,211,604 356,946 - 2,568,550
At 31 March 2020 2,031,964 233,120 - 2,265,084
Investments at fair value comprise:
Group Charity
2021 2020 2021 2020
£ £ £ £
Mixed motive investments -
properties		 2,211,604 2,031,964 2,211,604 2,031,964
Listed investments - Equities 356,946 233,120 356,946 233,120
Other investments - - 10,000 10,000
2,568,550 2,265,084 2,578,550 2,275,084

Page 34

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14) Investments (continued)

Mixed motive investment - properties

Investment properties were subject to an independent, professional valuation at 31 March 2016. The valuation was undertaken by James Del Mar BSC Hons, FRICS on behalf of Knight Frank LLP. The fair value of investment properties is determined by reference to market value as defined within RICS Valuation – Professional Standards. The Land Registry house price index has been used to estimate movements in the market within Wiltshire, the movement in value during the year was insignificant and no adjustment to the values have been applied. Full professional revaluations will be conducted with sufficient regularity to ensure that the carrying value in the accounts does not differ materially from the fair value of the asset.

The historic cost equivalent of investment property included at fair value is as follows:

Cost
Accumulated depreciation
Net book value		 2021
£
1,309,716
(509,487)
800,229		 2020
£
1,309,716
(483,293)
826,423

Equity investments

Equity investments are held in the M&G Charifund – Equities Investment Fund for Charities (Income) and traded in quoted public markets. The charity was gifted shares in 16 different companies during the year. The fair value of these investments is determined by reference to the equivalent market value, using the bid price at the balance sheet date.

Other investments

Other investments are measured at cost less impairment on the basis that they represent shares in entities that are not publically traded and fair value cannot otherwise be measured reliably. Included within other investments is a shareholding in a 100% owned subsidiary, Wiltshire Environmental Enterprises Limited, a company incorporated in the United Kingdom. At the year end date, the aggregate capital and reserves of the company amounted to £21,760 (2020: £22,448). Further details concerning the activities and assets of this company are given in note 28.

15) Stock

Group Charity
2021 2020 2021 2020
£ £ £ £
Livestock and hay 180,520 191,110 180,520 191,110

Page 35

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16) Debtors

Group Charity
2021 2020 2021 2020
£ £ £ £
Trade debtors 366,931 344,189 366,931 344,189
Grant debtors 91,064 322,737 91,064 322,737
Gift aid debtor 93,000 33,000 93,000 33,000
Other debtors 1,019 3,787 1,019 3,787
Prepayments and accrued income 581,731 113,551 581,731 113,551
VAT debtor 4,259 9,682 4,039 9,579
Amounts owed by group undertakings - - - 592
1,138,004 826,946 1,137,784 827,435

Included within prepayments and accrued income is £15,243 (2020: £nil) due in more than one year.

17) Creditors: Amounts falling due within one year

Mortgage
Trade creditors
Other creditors
Other taxes and social security
Accruals
Deferred income
Concessionary loan		 Group
2021
2020
£
£
11,331
11,123
84,066
34,522
23,328
25,919
35,580
33,638
161,471
87,971
32,743
37,649
80,000
50,000
428,519
280,822		 Charity
2021
2020
£
£
11,331
11,123
84,066
34,522
23,328
25,919
35,580
33,638
160,871
87,471
32,743
37,649
80,000
50,000
427,919
280,322		 Charity
2021
2020
£
£
11,331
11,123
84,066
34,522
23,328
25,919
35,580
33,638
160,871
87,471
32,743
37,649
80,000
50,000
427,919
280,322
280,322

Included within creditors above are pension creditors of £15,254 (2020: £13,983). The concessionary loan is repayable on demand and is interest free.

Page 36

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18) Creditors: Amounts falling due after more than one year

Mortgage
19)
Deferred income
Charity and group
Balance deferred at 1 April 2020
Amount released to income
Amount deferred in the year
Balance deferred at 31 March 2021
20)
Secured creditors
Mortgages repayable by
instalments:
Within one year
Within one – two years
Within two – five years
In more than five years
Total		 Group
2021
2020
£
£
61,630
73,373
Donations,
legacies and
grants
Other
trading
activities
£
£
30,006
7,643
(14,190)
(7,643)
13,000
3,927
28,816
3,926
Group
2021
2020
£
£
11,331
11,123
11,544
11,331
35,944
35,283
14,142
26,759
72,961
84,496
72,691
84,496		 Charity
2021
2020
£
£
61,630
73,373
2021
2020
£
£
37,649
127,600
(21,833)
(110,308)
16,927
20,357
32,743
37,649
Charity
2021
2020
£
£
11,331
11,123
11,544
11,331
35,944
35,283
14,142
26,759
72,961
84,496
72,691
84,496		 Charity
2021
2020
£
£
61,630
73,373
2021
2020
£
£
37,649
127,600
(21,833)
(110,308)
16,927
20,357
32,743
37,649
Charity
2021
2020
£
£
11,331
11,123
11,544
11,331
35,944
35,283
14,142
26,759
72,961
84,496
72,691
84,496
84,496
84,496

The mortgage is secured on the property known as Elm Tree Court, Long Street, Devizes, and is for a term of 20 years from April 2008. Interest is charged at 1.125% above bank base rate and monthly repayments are made. The net book value of Elm Tree Court as at 31 March 2021 was £255,642 (2020: £264,781).

21) Commitments under operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

Group and charity
Not later than one year
Later than one year and not later than five years		 2021
£
18,055
16,300
34,355		 2020
£
15,483
16,760
32,243

Page 37

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22) Restricted funds

Year ended 31 March 2021

CAPITAL FUND
Nature Reserves Capital Fund –
Land
Nature Reserves Capital Fund –
Buildings
OTHER FUNDS
Water Team Core
Green Lane Wood
Swindon Reserves Management
Help For Heroes
WSBRC - Bio Records
Recycle for Wilts
Lakeside Care Farm
Milestones
Building Better Opportunities
The Swindon Wellbeing
Programme
Purchase and Restoration of Chalk
Grassland, Coombe Bissett
Wild Paths
Wellbeing Project
Morningside Farm
Semley Woodlands
Naturehood
West Wiltshire Reserves
UASC
The Willows Care Farm
Emmett Hill Braydon Marsh
Investment Properties (including
revaluation reserve)		 Balance
1.4.20
Capital
£
6,247,798
1,298,751
7,546,549
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,947,468
1,947,468
9,494,017		 Balance
1.4.20
Income
£
-
-
-
98,205
80,339
47,003
3,158
58,188
6,117
4,740
(1,411)
(1,503)
8,773
112,329
103
12,060
28,715
40,775
(734)
37,700
30,993
106,635
-
-
672,185
672,185		 Net
movement
in funds
£
976,675
(38,458)
938,217
(3,951)
(17,501)
31,362
(3,158)
28,834
(6,117)
(4,740)
(88)
1,503
12,119
(60,283)
(103)
8,477
(138)
(6,710)
734
-
(19,215)
(106,635)
(1,631)
11,535
(135,706)
802,511		 Balance
31.3.21
Capital
£
7,224,473
1,260,293
8,484,766
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,959,003
1,959,003
10,443,769		 Balance
31.3.21
Income
£
-
-
-
94,254
62,838
78,365
-
87,022
-
-
(1,499)
-
20,892
52,046
-
20,537
28,577
34,065
-
37,700
11,778
-
(1,631)
-
524,944
524,944

Page 38

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22) Restricted funds (continued)

Year ended 31 March 2020

CAPITAL FUND
Nature Reserves Capital Fund –
Land
Nature Reserves Capital Fund –
Buildings
OTHER FUNDS
Water Team Core
Green Lane Wood
Swindon Reserves Management
Special Projects
Help For Heroes
WSBRC - Bio Records
Recycle for Wilts
Lakeside Care Farm
Milestones
Building Better Opportunities
The Swindon Wellbeing
Programme
Purchase and Restoration of Chalk
Grassland, Coombe Bissett
Wild Paths
Wellbeing Project
Morningside Farm
Semley Woodlands
Naturehood
West Wiltshire Reserves
UASC
The Willows Care Farm
Investment Properties (including
revaluation reserve)		 Balance
1.4.19
Capital
£
6,247,798
1,079,295
7,327,093
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,936,417
1,936,417
9,263,510		 Balance
1.4.19
Income
£
-
-
-
34,103
62,027
32,408
619
13,167
71,387
15,035
19,498
(6,235)
(1,987)
6,300
165,832
-
1,734
5,083
46,676
403
37,700
-
-
-
503,750
503,750		 Net
movement
in funds
£
-
219,456
219,456
64,102
18,312
14,595
(619)
(10,009)
(13,199)
(8,918)
(14,758)
4,824
484
2,473
(53,503)
103
10,326
23,632
(5,901)
(1,137)
-
30,993
106,635
11,051
179,486
398,942		 Balance
31.3.20
Capital
£
6,247,798
1,298,751
7,546,549
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,947,468
1,947,468
9,494,017		 Balance
31.3.20
Income
£
-
-
-
98,205
80,339
47,003
-
3,158
58,188
6,117
4,740
(1,411)
(1,503)
8,773
112,329
103
12,060
28,715
40,775
(734)
37,700
30,993
106,635
-
672,185
672,185

This note gives details of some of the areas of work for which the Trust receives Restricted Funds. It should be noted that the figures shown refer only to the Restricted Funds allocated to an area of work and do not reflect the total income applied to that area of work.

Income and expenditure for all areas of work are also funded from designated and unrestricted income. Any small deficit balances at the year end reflect expenditure in advance of related income being received.

Page 39

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22) Restricted funds (continued)

The Nature Reserves Capital Fund: Is represented by the nature reserves owned by the charity. Any decision taken to dispose any of these nature reserves may be subject to discussions with the original funders. It also includes the value of the farmhouse and buildings acquired at the same time as the land at Clattinger Farm, Blakehill Farm and Langford Lakes Nature Reserve.

The Water Team Core: Delivers various projects and programmes throughout Wiltshire and Swindon to improve waterways.

Green Land Wood: Funds for Green Lane Wood are to be used to mitigate the effects of a large housing development adjacent to the woods.

Swindon Reserves Management: A project to maintain the Nature Park at Tadpole Farm Housing Development and undertake work in association with Swindon Borough Council to enhance and maintain the Meadows in and around Swindon.

Special Projects: Are a combination of funds raised from appeals and donations which are for very specific pieces of work.

Help for Heroes: A project funded by Help for Heroes which connects servicemen and women with the natural environment through a range of practical conservation activities

The Wiltshire and Swindon Biological Records Centre (WSBRC): Is a ‘One Stop Shop’ for biological records and other data in Wiltshire and Swindon.

Recycle for Wiltshire: A project to encourage reduction of waste, increase recycling rates in Wiltshire and review the carbon footprint.

Lakeside Care Farm: Based at Lower Moor Farm, enables young people to work with nature in a farming and horticultural environment. It promotes physical and mental health and wellbeing through therapeutic and educational activities. This restricted fund is held to improve the buildings and physical space at the Care Farm.

Milestones: The programme connects vulnerable young people aged 11-24 to their local, natural environment by offering opportunities to participate in practical activities and widen their knowledge and appreciation of local green spaces.

Building Better Opportunities: A project funded by the National Lottery Community Fund and the European Social Fund to support people in Swindon and Wiltshire to develop their skills, access education and/or move towards the world of work.

The Swindon Wellbeing Programme: Funded by the National Lottery Community Fund to support mental and emotional wellbeing through nature based activities.

Purchase and Restoration of Chalk Grassland, Coombe Bissett: The project reconnects the SSSI and the County Wildlife Site at Homington and Coombe Bissett. The project funded by the National Lottery Heritage Fund will restore the land to chalk grassland and further protect, maintain and enhance the priority habitat and threatened species it supports. In addition, it will provide improved access, volunteer, training and education activities.

Building Capabilities Fund: A grant from the National Lottery Community Fund (in connection with The Swindon Wellbeing Programme) to build the capabilities of Wiltshire Wildlife Trust and have a lasting impact on our work by improving skills and knowledge.

Wild Paths: Provides traineeships in surveying and monitoring, volunteering and community engagement and practical conservation.

Wellbeing Project: Is funded by Wiltshire Council and uses outdoor activities in nature as a therapeutic measure to prevent ill health and support mental health recovery.

Morningside Farm: Funds held to undertake essential capital works, improve the site condition and support the volunteer group with conservation and monitoring.

Page 40

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22) Restricted funds (continued)

Semley Woodlands: Monies set aside to undertake essential works to the woodlands at Semley and for ongoing maintenance.

Naturehood: A partnership with Earthwatch which aims to engage local communities with the wildlife on their doorstep and empowers them to take collective action. The project develops a delivery plan for Naturehood which supports the national Naturehood objectives and the approved purposes of our Heritage Lottery Fund Our Heritage grant award.

West Wiltshire Reserves: Funds held for monitoring, improvement and capital works of reserves in West Wiltshire.

UASC: a project funded by Wiltshire Council to support the Social and Emotional Mental Health for Unaccompanied Asylum Seeking and Refugee Young People in Wiltshire

The Willows Care Farm: monies held to undertake the capital works at the new Care Farm based at Mill Farm, Broughton Gifford

Emmett Hill: A project to support the long term recovery of the Marsh Fritillary Butterfly.

Included within the investment properties fund are net unrealised gains of £1,179,346.

Page 41

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23) Unrestricted funds

Year ended 31 March 2021

Designated funds
Land Acquisition
Fund
Langford Lakes
Development
Recycle for Wilts
Lower Moor Farm
Development
Lower Moor Farm
Conservation
Care Farm
Operations
Adult Wellbeing
Climate Change
Swindon Allotment
Landscape
Ecology
Swindon Lagoons
Natures Recovery
Bay Meadows
Youth Education &
Wellbeing
Unrestricted
funds
General fund
(including
revaluation
reserve)
Funds of charity
Funds of subsidiary
company
Funds of group		 Balance
1.4.20
Capital
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
895,716
895,716
-
895,716		 Balance
1.4.20
Income
£
126,203
77,683
1,063
53,937
77,126
30,000
2,766
15,000
6,706
120,658
10,455
-
-
15,000
536,597
433,161
969,758
12,447
982,205		 Net movement
in funds
£
-
(378)
(1,063)
41,913
-
3,441
(2,766)
36,591
(1,053)
(169)
(10,455)
527,563
60,000
3,568
657,192
835,210
1,492,402
(687)
1,491,715		 Balance
31.3.21
Capital
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
963,991
963,991
-
963,991		 Balance
31.3.21
Income
£
126,203
77,305
-
95,850
77,126
33,441
-
51,591
5,653
120,489
-
527,563
60,000
18,568
1,193,789
1,200,096
2,393,885
11,760
2,405,645

Page 42

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23) Unrestricted funds (continued)

Year ended 31 March 2020

Designated funds
Land Acquisition Fund
Langford Lakes Development
Recycle for Wilts
Lower Moor Farm Development
Lower Moor Farm Conservation
Care Farm Operations
Adult Wellbeing
Climate Change
Swindon Allotment
Landscape Ecology
Wiltshire lowland calcareous
grassland improvements
Swindon Lagoons
Youth Education & Wellbeing
Unrestricted funds
General fund (including
revaluation reserve)
Funds of charity
Funds of subsidiary company
Funds of group		 Balance
1.4.19
Capital
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,194,977
1,194,977
-
1,194,977		 Balance
1.4.19
Income
£
126,203
25,882
7,958
34,961
-
8,172
5,408
13,000
4,982
50,803
23,151
-
-
300,520
282,276
582,796
12,966
595,762		 Net
movement
in funds
£
-
51,801
(6,895)
18,976
77,126
21,828
(2,642)
2,000
1,724
69,855
(23,151)
10,455
15,000
236,077
(148,376)
87,701
(519)
87,182		 Balance
31.3.20
Capital
£
-
-
-
-
-
-
-
-
-
-
-
-
-
895,716
895,716
-
895,716		 Balance
31.3.20
Income
£
126,203
77,683
1,063
53,937
77,126
30,000
2,766
15,000
6,706
120,658
-
10,455
15,000
536,597
433,161
969,758
12,447
982,205

The charity’s income includes funds that are designated by the charity in agreement with the funder for use on particular activities and projects.

This note gives details of some of the areas of work for which the Trust receives Designated Funds. It should be noted that the figures shown refer only to the Designated Funds allocated to an area of work and do not reflect the total income applied to that area of work. Income and expenditure for all areas of work are also funded from restricted and unrestricted income.

Land Acquisition Fund: Appeal, legacies, donations and land sale proceeds to be used for future land acquisitions.

Langford Lakes Development: Funds set aside for the enhancement of the visitor facilities at the nature reserve lying alongside the River Wylye at Steeple Langford.

Recycle for Wiltshire: A project primarily funded by Wiltshire Council to encourage reduction of waste and increase recycling rates in Wiltshire. The project also undertakes some private workshops.

Lower Moor Farm: Funds are to support and develop visitor facilities and conservation objectives at the Lower Moor Farm complex.

Page 43

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Care Farm Operations: Includes lakeside based at Lower Moor Farm and The Willows based at Broughton Gifford. The Care Farms enable young people to work with nature in a farming and horticultural environment. It promotes physical and mental health and wellbeing through therapeutic and educational activities.

Adult Wellbeing: Uses outdoor activity as a therapeutic measure to prevent ill-health and support mental health recovery.

Climate Change: Monies allocated from the WWCE Community Fund and other grants to support climate change mitigation in Wiltshire.

Swindon Allotment: Funds received to support the Swindon Allotment group in association with the Swindon Wellbeing project.

Landscape Ecology: Grants and donations received to support the employment of a Landscape Ecologist.

Wiltshire lowland calcareous grassland improvements: The projects aims to improve lowland calcareous grassland across Wiltshire through creation, maintenance and enhancement of biodiversity on reserves.

Swindon Lagoons – a project to enhance the reserve at Swindon Lagoons.

Natures Recovery – a designated fund to support the recovery of nature across our nature reserves.

Bay Meadows – monies received from The Hills Group to undertake capital works on the Bay Meadows site.

Youth Education and Wellbeing - offers a wide range of workshops, events and training to schools and community groups through nature based activities

Included within general reserves is net unrealised gains of £229,324

24) Transfer between funds

Transfers totalling £569,798 from unrestricted funds to restricted funds were made to reflect movements to restricted fixed assets and the long term loans used to finance them. This included the land holdings at Emmett Hill and Mill Farm.

Page 44

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

25) Group analysis of net assets between funds

As at 31 March 2021

As at 31 March 2020
Tangible fixed assets
Heritage assets
Investment property
Other investments
Stock and work in progress
Debtors
Cash
Current liabilities
Creditors more than one
year
Tangible fixed assets
Heritage assets
Investment property
Other investments
Stock and work in progress
Debtors
Cash
Current liabilities
Creditors more than one
year		 Designated
£
-
-
-
-
-
128,159
431,608
(23,170)
-
Designated
£
-
-
-
-
-
527,563
679,440
(13,214)
-
1,193,789
 General
Fund
£

811,222

-

-

233,120

191,110

174,075

147,237

(215,440)

-

1,341,324
General
Fund
£
891,030
-
-
356,946
180,520
389,078
693,444
(335,171)
-
2,175,847		 Nature
Reserve
Capital
Fund
£
1,298,751
6,247,798
-
-
-
-
-
-
-
7,546,549
Nature
Reserve
Capital
Fund
£
1,260,293
7,224,473
-
-
-
-
-
-
-
8,484,766		 Other
Restricted
Funds
£
-
-
2,031,964
-
-
524,712
178,562
(42,212)
(73,373)
2,619,653
Other
Restricted
Funds
£
-
-
2,211,604
-
-
221,363
192,744
(80,134)
(61,630)
2,483,947		 Total
Funds
£
2,151,323
7,224,473
2,211,604
356,946
180,520
1,138,004
1,565,628
(428,519)
(61,630)
14,338,349









536,597

26) Contingent liabilities

At the balance sheet date the Trust Council were not aware of any material contingent liabilities (2020: £nil).

27) Contingent assets

As at 31 March 2021 the charity had been notified of 12 outstanding legacies which are estimated to be a maximum of £929,451 however due to the complexity of the legal situation only the amounts received of £525,763 have been accrued.

Page 45

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

28) Subsidiary company – Wiltshire Environmental Enterprises Ltd

The charity has a wholly owned trading subsidiary, Wiltshire Environmental Enterprises Ltd, company number 01674944, which is incorporated in the United Kingdom. The principal activity of Wiltshire Environmental Enterprises Limited was environmental consultancy work, no activity was undertaken in 2021. The company is able to gift aid its taxable profits to Wiltshire Wildlife Trust Limited.

A summary of the financial performance of the subsidiary is shown below:

Turnover
Cost of sales and administration expenses
Gross profit
Administrative expenses
Operating profit
Interest receivable
Amount gift aided to Wiltshire Wildlife Trust Limited
Loss on ordinary activities before taxation
Tax on loss on ordinary activities
Loss for the financial year
The aggregate of assets and liabilities were:
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves		 2021
£
-
-
-
(698)
(698)
10
-
(688)
-
(688)
22,360
(600)
21,760
21,760		 2020
£
-
-
-
(570)
(570)
52
-
(518)
-
(518)
23,540
(1,092)
22,448
22,448

29) Financial results of the charity

The gross income for the year of the charity alone is £5,924,537 (2020: £4,236,371) and the surplus for the year of the charity alone is £2,294,914 (2020: £486,642).

30) Reconciliation of net income to net cash flow from operating activities

Net income for the year
Rents received from investment properties
Dividends and interest receivable
Interest payable
Depreciation of tangible fixed assets
Profit on disposal of tangible fixed assets
Gift of shares
(Gains) / losses on investments
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities		 Group
2021
2020
£
£
2,294,226
486,124
(64,740)
(71,573)
(13,849)
(20,471)
968
1,706
133,411
122,356
(6,879)
(4,962)
(66,021)
-
(237,445)
68,375

10,590
(14,235)

(311,058)
(304,845)

147,489
(98,679)
1,886,692
163,796		 Charity
2021
2020
£
£
2,294,914
486,500
(64,740)
(71,573)
(13,839)
(20,419)
968
1,676
133,410
122,340
(6,879)
(4,804)
(66,021)
-
(237,445)
68,376
10,590
(14,235)
(310,349)
(299,935)
147,389
(98,679)
1,887,998
169,247		 Charity
2021
2020
£
£
2,294,914
486,500
(64,740)
(71,573)
(13,839)
(20,419)
968
1,676
133,410
122,340
(6,879)
(4,804)
(66,021)
-
(237,445)
68,376
10,590
(14,235)
(310,349)
(299,935)
147,389
(98,679)
1,887,998
169,247
169,247

Page 46

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

31) Reconciliation of net cash flow to movement in net debt

Group and charity

Group and charity
2020 Cash
flows		 2021
£ £ £
Debt due within one year (11,123) (208) (11,331)
Debt due after one year (73,373) 11,743 (61,630)
Total debt (84,496) 11,535 (72,961)
Cash and cash equivalents
757,407		 808,226 1,565,633
Total net funds 672,911 819,761 1,492,672

32) Financial commitments

Contractual commitments for the acquisition of tangible fixed assets contracted for but not provided in the financial statements amounted to £nil (2020: £nil).

33) Related parties

The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

A trustee, Mark Street, and the Chief Executive, Gary Mantle, are both trustees of South West Wildlife Trusts Limited (SWWT). Wiltshire Wildlife Trust usually contributes to the running costs of SWWT, however no subscription fees were paid to SWWT during the year (2020: £10,000).

Wiltshire Wildlife Trust is one of 10 members of South West Wildlife Fundraising Limited (SWWFL). Dugald McNaughtan, Head of Fundraising and Communications is a director of SWWFL. During the year payments totalling £88,158 were made to SWWFL in respect of commission payable on member recruitment.

A Trustee, Julian Barlow is a Trustee on the Wiltshire Wildlife Community Energy Limited (WWCE) Board with Damian Haasjes, Head of Business Development and Community Engagement and Louise Hale, Head of Finance and Resources as Wiltshire Wildlife Trust Representatives. Income of £9,995 (2020: £2,256) was received from WWCE during the year and income of £1,390 (2020: £1,390) was received from Wiltshire Wildlife Community Solar, a 100% subsidiary of WWCE. Income of £5,000 (2020: £9,915) was received from Chelworth Community Solar, 100% subsidiary of WWCE.

34) Financial instruments

The carrying amount of the charity’s financial instruments are as follows:

Group
Financial assets
Measured at fair value through net income:
- Fixed asset listed investments (note 14)
Debt instruments measured at amortised cost:
- Trade debtors (note 16)
Financial liabilities
Measured at amortised cost:
- Mortgages (notes 17 – 18)
- Trade creditors (note 17)
- Hire purchase (notes 17)
- Concessionary loans (note 17)		 2021
£
356,946
366,931
72,961
84,066
-
80,000
237,027		 2020
£
233,120
344,189
84,496
34,522
-
50,000
169,018

Page 47

WILTSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

34) Financial instruments (continued)

Charity
Financial assets
Measured at fair value through net income:
- Fixed asset investments (note 14)
Debt instruments measured at amortised cost:
- Trade debtors (note 16)
- Amounts owed by group undertakings (note 16)
Equity instruments measured at amortised cost less impairment:
- Fixed asset unlisted investments (note 14)
Financial liabilities
Measured at amortised cost:
- Mortgages (notes 17 - 18)
- Trade creditors (note 17)
- Hire purchase (notes 17 - 18)
- Concessionary loans (note 17)		 2021
£
356,946
366,931
-
366,931
10,000
72,961
84,066
-
80,000
237,027		 2020
£
233,120
344,189
592
344,781
10,000
84,496
34,522
-
50,000
169,018

35) Ultimate controlling party

The Trustees consider that the charity is jointly controlled by the Trustees and that there is no ultimate controlling party.

Page 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

INCOME
Donations and legacies
Membership subscriptions
Gift Aid
Donations and appeals
Donations
Appeal income
In Memoriam donations
Legacies
Total donations and legacies
Income from charitable activities
Grants
Landfill tax
Hills Group
Other Landfill tax
Charitable Trust
Other
WSRBC Income
Income generated from WWT facilities
Nature Reserve Income
Grounds and Education services
Repair academy
Total income from charitable activities
Income from other trading activities
Group events
Sarsen trail
Other Fundraising activities
Retail
Total income from other trading activities
Income from Investments
Rent receivable
Income from investments
Bank and building society interest received
Other interest
Total income from Investments
Other income
TOTAL CHARITY INCOME
TOTAL CHARITY EXPENDITURE
(LOSS) / GAINS ON INVESTMENTS
NET INCOME OF CHARITY FOR THE YEAR		 2021
£
£
580,522
125,966
820,910
44,354
4,908
870,172
886,111
2,462,771
1,405,061
350,000
496,838
846,838
58,939
65,572
126,924
798,875
-
991,371
3,302,209
-
-
12,609
23,634
36,243
64,740
13,806
33
-
78,579
44,735
5,924,537
(3,867,068)
237,445
2,294,914		 2021
£
£
580,522
125,966
820,910
44,354
4,908
870,172
886,111
2,462,771
1,405,061
350,000
496,838
846,838
58,939
65,572
126,924
798,875
-
991,371
3,302,209
-
-
12,609
23,634
36,243
64,740
13,806
33
-
78,579
44,735
5,924,537
(3,867,068)
237,445
2,294,914		 2020
£
£
563,653
129,739
141,748
31,242
4,223
177,213
112,579
983,184
1,422,006
440,000
236,478
676,478
49,559
61,799
115,228
745,772
38,306
961,105
3,109,148
929
49
19,816
10,225
31,019
71,573
20,142
266
11
91,992
21,028
4,236,371
(3,692,486)
(57,243)
486,642		 2020
£
£
563,653
129,739
141,748
31,242
4,223
177,213
112,579
983,184
1,422,006
440,000
236,478
676,478
49,559
61,799
115,228
745,772
38,306
961,105
3,109,148
929
49
19,816
10,225
31,019
71,573
20,142
266
11
91,992
21,028
4,236,371
(3,692,486)
(57,243)
486,642
350,000
496,838		 440,000
236,478
2,462,771
1,405,061
846,838
58,939
991,371
3,302,209
36,243
78,579
44,735		 983,184
1,422,006
676,478
49,559
961,105
3,109,148
31,019
91,992
21,028
65,572
126,924
798,875
-		 61,799
115,228
745,772
38,306
-
-
12,609
23,634		 929
49
19,816
10,225
64,740
13,806
33
-		 71,573
20,142
266
11
5,924,537 4,236,371
(3,867,068)
237,445		 (3,692,486)
(57,243)
2,294,914 486,642

This page does not form part of the statutory financial statements

Page 49

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

EXPENDITURE
Salaries
Pension contributions
Staff recruitment
Travel
Training
Reserve maintenance and improvements
Rent and rates
Light, heat and cleaning
Telephone
Printing and stationery
Insurance
Wiltshire Wildlife Magazines
Display and publicity
Resource materials
Repairs and renewals
Software support
Event costs
Meetings
National and regional contributions:
- RSWT
- SWWT
Subscriptions
Fundraising
Legal fees
Audit, accountancy and VAT consultancy
Bad debts
Sundries
Depreciation
(Profit)/Loss on disposal of fixed asset
Mortgage interest
Bank charges
ENTRUST
Irrecoverable VAT		 2021
£
1,829,447
144,018
1,832
33,094
26,160
829,272
18,732
30,269
31,538
34,708
92,812
9,994
117,825
61,575
133,896
12,117
19,921
499
35,100
-
12,234
159,685
16,929
33,002
6,857
25,732
133,416
(6,880)
968
15,981
11,581
(5,246)
3,867,068		 2020
£
1,764,696
139,422
5,271
70,998
31,896
620,291
20,949
34,701
30,223
38,123
91,099
14,179
72,652
89,661
135,805
16,255
16,778
2,136
37,100
10,000
29,752
193,674
6,186
29,921
3,643
34,546
122,340
6,518
1,676
9,844
12,297
(146)
3,692,486

The acquisition of Nature Reserves and other capital assets is not shown in the expenditure figures above which represent revenue costs only. These acquisitions are added to the balance sheet figure for heritage assets or fixed assets as shown in notes 13 and 12 to the statutory accounts. During the year capital additions were as follows:

Funds expended on capital additions
Donated assets
Funds expended on heritage asset additions		 176,509
596,675
380,000
1,153,184		 280,141
-
-
280,141

This page does not form part of the statutory financial statements

Page 50