2023-03-31-accounts - Durham Wildlife Trust

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Report ofthe Trustees		1-11
Independent Auditors' Report		12 - 14
Consolidated Statement of Financial	Activities	15
Consolidated Balance Sheet		16
Charitable Company Balance Sheet		17
Consolidated Cash Flow Statement		18
Notes to the Financial Statements		19-38

							As restated
		Unrestricted	Designated		Restricted	Total	Total
		funds	funds	-	- funds	2023— 2022
	Notes
Income from:
Donations and legacies		397,405			850,000	1,247,405	347,979
Charitable activities
-Conservation activities		7,236			4,070,447	4,077,683	2,247,997
- Conservation projects		91,732			1,049,211	1,140,943	50,130
- Education projects		12,106			73,869	85,975	71,945
-Visitor centre		72,184				72,184	49,234
Other trading activities		194,804				194,804	324,641
investment income		985				985
Total income		776,452			6,043,527	6,819,979	3,091,926
Expenditure on:
Costs of raising funds
- Donations and legacies		91,256				91,256	92,535
-Other trading activities		186,667				186,667	313,319
Charitable activities
- Conservation projects		368,579	10,891		1,639,307	2,027,927	1,670,044
- Reserve projects		50,168			56,534	106,702	60,530
- Education projects		15,131			87,298	93,279	57,436
—Publications & affiliations		31,142				31,142	40,127
- Visitor centre		57,087				57,087	53,792
Total expenditure		800,030	10,891		1,783,139	2,594,060	2,287,783
Net movement before transfers		( 23,578 )	( 10,891 )		4,260,388	4,225,919	804,143
Transfers between funds	22	73,679	891,940		( 965,619 )
Net movement in funds		50,101	881,049		3,294,769	4,225,919	804,143
Reconciliation offunds
Total funds brought forward		769,051	1,689,530		476,526	2,935,107	2,130,964
Total funds carried forward		819,152	2,570,579		3,771,295	7,161,026	2,935,107
All income and expenditure	derive from continuing	activities.

						As restated
				2023		2022
		Notes
Fixed assets
Tangible assets		16		5,823,464		1,657,151
Current assets
Stock		18	10,031		13,138
Debtors		19	483,505		584,332
Cash at bank and in	hand		1,707,159		1,101,833
			2,200,695		1,699,303
Creditors: amounts	falling due
within one year		20	( 863,133 )		( 421,347 )
Net current assets			1,337,562		1,277,956
Net assets				?,161,026		2,935,107
Funds		22
Unrestricted funds				819,152		769,051
Designated funds				2,570,579		1,689,530
Restricted funds				3,771,295		476,526
				7,161,026		2,935,107

							As restated
					2023		2022
			Notes
Fixed assets
Tangible assets			16		5,823,464		1,657,151
Investments			17		12		12
					5,823,476		1,657,163
Current assets
Stocks			18	10,031		13,138
Debtors			19	467,792		540,823
Cash at bank and in		hand		1,657,213		1,073,967
				2,135,036		1,627,928
Creditors:	amounts	falling due
within one	year		20	( 848,505 )		( 405,989 )
Net current	assets				1,286,53'I		1,221,939
Net assets					7,110,007		2,879,102
Funds
Unrestricted	funds				768,133		713,046
Designated	funds		22		2,570,579		1,689,530
Restricted funds					3,771,295		476,526
					7,110,007		2,879,102

		2023f	2022f
Net cash flow from operating activities:
Net cash provided by operating activities	27	4,800,007	932,622
Cash flows from investing activities
Interest received		985
Purchase of tangible assets Proceeds from sale oftangible assets		( 4,195,666 )	( 861,658 )
Net cash flow frominvesting activities		( 4, 194,681 )	( 861,658 )
Net increase in cash and cash equivalents		605,326	70,964
Cash and cash equivalents at the beginning	ofthe year	1,101,833	1,030,869
Cash and cash equivalents at the end ofthe year		1,707,159	1,101,833
Cash and cash equivalents consist of:
Cash at bank and in hand		1,707,159	1,101,833

		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	2022	2021
	Notes
Income from:
Donations and legacies		347,979			347,979	533,448
Charitable activities
-Conservation activities		57,035	91,000	2,099,962	2,247,997	809,902
-Conserv ation projects		7,095		43,035	50,130	232,439
-Education projects		12,889		59,056	71,945	57,588
-Visitor centre		49,234			49,234
Other trading activities		324,641			324,641	327,094
Investment income						2,264
Total income		798,873	91,000	2,202,053	3,091,926	1,962,735
Expenditure on:
Costs of raising funds
-Donations and legacies		92,535			92,535	102,296
-Other trading activities		313,319			313,319	271,786
Charitable activities
-Conservation projects		346,750	91,849	1,231,44 5	1,670,044	906,648
-Reserve projects		32,610		27,92 0	60,530	151,990
-Education projects		13,911		43,52 5	57,436	27,185
-Publications 8 affiliations		40,127			40,127	25,404
-Visitor centre		53,792			53,792	40,671
Total expenditure		893,044	91,849	1,302,890	2,287,783	1,525,980
Net movement before transfers		( 94,171 )	( 849 )	899,163	804,143	436,755
Transfers between funds	22	( 44,997 )	1,547,823	( 1,502,826 )
Net movement in funds		( 139,168 )	1,546,974	( 603,663 )	804,143	436,755
Reconciliation offunds
Total funds brought forward		908,219	142,556	1,080,189	2,130,964	1,694,209
Total funds carried forward		769,051	1,689,530	476,526	2,935,107	2,130,964

Donations and	Donations and	legacies
					2023f	2022 f
Subscriptions					229,129	257,369
Donations					1,018,276	84,110
Legacies						6,500
					1,247,405	347,979
Income from charitable			activities
					2023f	2022 f
Grants					5,177,054	2,390,498
Events income					72,184	5,888
Conservation income					9,387	13,492
Reservation income					91,732	2,605
Educational visits					12,656	6,823
Other income					13,772
					5,376,785	2,419,306
Summary ofgrants
Durham County	Council				135,053	307,434
The National Lottery Heritage				Fund	873,015	827,822
The Environment		Agency			100,000	130,000
Northumbrian Water					89,945	155,062
Gateshead Council					181,472	50,000
Groundwork North		East				27,227
County Durham	Community		Foundation		11,200	4,000
The Garfield Weston Foundation					25,000
Sunderland City	Council				68,668	66,958
The Scotto Trust					12,500
RSWT					24,707	95,000
Suez						35,000
Veolia						600,000
DWP						9,909
RPA						42,479
ALA					24,000	14,143
Believe Housing					4,600	3,000
South Tyneside	Council					11,150
Daniell Trust					4,000	4,000
Hoare Trustees					25,000
Zephyr Charitable		Foundation			65,200
Scottish Power					90,831
Natural England					3,408,144
The Linder Foundation					10,000
Darlington Building		Society			7,500
Other					16,219	7,314
					5,177,054	2,390,498

6.	Other trading	activities	activities
					2023f	2022
	Other trading	income			15,492	24,786
	Income from trading		subsidiary		179,312	305,885
					194,804	330,671
7.	Investment income
					2023	2022f
	Bank interest				985
8.	Raising funds
					2023f	2022f
	Raising donations		and legacies
	Staff costs				74,064	83,527
	Fundraising expenses				17,192	9,008
					91,256	92,535
	Other trading	activities
	Purchases				18,525	22,111
	Promotional expenses				5,955	7,434
	Support costs	for generating		funds
	Trading expenditure		from subsidiary		162,187	283,774
					277,923	405,854

		Activities
		undertaken	Support	Total	Total
		directly	costs	2023	2022
	Conservation projects	1,972,965	54,962	2,027,927	1,669,994
	Reserves projects	106,702		106,702	60,530
	Education projects	93,279		93,279	57,436
	Publications and affiliations	217	30,925	31,142	40,127
	Visitors centres	12,576	44,511	57,087	53,792
		2,185,739	130,398	2,316,137	1,881,879
10.	Support costs
		Management	Governance	Total	Total
		Costs	Costsf	2023	2022 f.
	Conservation projects	28,910	26,052	54,962	54,962
	Publications and affiliations	25,238	5,687	30,925	38,905
	Visitors centres	36,325	8,186	44,511	44,511
		90,473	39,925	130,398	138,378
11.	Governance costs
				2023	2022
	Auditors fees			9,000	5,630
	RWST Membership			12,371	10,450
	DWT Magazine 8 Marketing			18,554	28,455
				39,925	44,535

Net income is stated a	fter charging;
		2023	2022
Depreciation		29,353	22,630
Auditors remuneration
Audit ofthese financial	statements	6,000	5,630
Audit ofthe subsidiary	financial statements	3,000	2,850
		9,000	8,480
Non Audit fees		7,900	450
		16,900	8,930

The summary financial performance ofthe char	ity alone is;
	2023	2022f
income	6,662,778	2,849,193
Expenditure	( 2,431,S73 )	( 2,004,009 )
Net income	4,230,905	845,184

The total staff costs and employees benefits were as	follows:
	2023	2022
	F
Wages and salaries	749,384	793,053
Social security costs	63,388	62,163
Other pension costs	29,977	30,068
	842,749	885,284

The average	The average	number	of employees
				2023	2022
				Number	Number
Costs of	generating		funds	3	3
Charitable	activities			35	36
Management		and administration		3	3
				41	42

Tangible fixed assets Group and charity
			Equipment,
	Freehold	Long	fixtures &	Motor
	property	leasehold f	fittings	vehicles	Total
Cost
At 1 April 2022	2,050,458	127,567	989,023	95,267	3,262,315
Additions	4,094,662		82,438	18,567	4,195,667
At 31 March 2023	6,145,120	127,567	1,071,461	113,834	7,457,982
Depreciation
At 1 April 2022	528,822	44,532	942,295	89,516	1,605,165
Charge for the year	3,955		20,590	4,808	29,353
At 31 March 2023	532,777	44,532	962,885	94,324	1,634518
Net book value
At 31 March 2023	5,612,343	83,035	108,576	19,510	5,823,464
At 31 March 2022	1,521,636	83,035	46,729	5,751	1,657,151

The results a	nd summ	ary ofassets and liabilities ofthe com	pany are as follows:
				2023		2022
				E
Turnover				179,312		305,885
Cost ofsales Administrative	expenses		(	159,030 ) ( 3,157 )	( 274,455 ) ( 9,319 )
Profit for the year				17,125		22,111
Distribution to Durham		Wildlife Trust		22,111		63,152
				2023		2022
Total assets				67,099		72,815
Total liabilities			( 16,065 )		(	16,795 )
Shareholders'	funds			51,034		56,020

18.	Stocks
				Group		Charity
			2023	2022f	2023f		2022
	Stocks		10,031	13,133	10,031		13,138
19.	Debtors
				Group			Charity
			2023	2022f	2023		2022 f
	Trade debtors		204,053	183,465	188,340		139,956
	Prepayments		7,265	3,653	?,265		3,653
	Accrued	income	272,187	397,214	272,187		397,214
			483,505	584,332	467,792		540,823

Creditors: amounts falling due within	one year
		Group		Charity
	2023f	2022f	2023	2022f
Trade creditors	131,019	355,712	131,765	348,491
Social Security and other taxes	24,876	20,378	14,410	14,611
Accruals	63,331	35,834	63,331	35,834
Other creditors	11,540	9,423	6,632	7,053
VAT	632,367		632,367
	863,133	421,34?	848,505	405,989

Change t	o the balance sheet
				As		restated
		As	previously			at March
			reported	Adjustment		2022
			F			f,
Funds
Restricted	funds		1,285,981	( 809,455	)	476,526
Designated	funds		1,043,039	646,491 1,689,530
Unrestricted	funds		606,087	( 162,964	)	769,051
			2,935,107		-2,935,107

Year ended 31March 2023
	Brought					Carried
	Forward	Income	Expenditure	f	Transfers	Forward
Unrestricted Funds
General fund	769,051	776,452	( 800,030 )		73,679	819,152
Designated funds
Volunteers	49,920		(5,941	)		43,979
Repairs and Maintenance Rainton Meadows	60,000 132,636		(4,950	)	(22,028 )	33,022 132,636
Catchment management					25,000	25,000
Land	1,446,974				888,968	2,335,942
Total unrestricted funds	2,458,581	776,452	( 810,921	)	965,619	3,389,731
Restricted Funds
Discover Bright Water Heart of Durham Land ofOak and iron	( 3,870 ) 16,424 10,959	735,500 45,486	( 816,218 ( 43,542	) )	56,077	( 28,511 ) 18,368 I0,959
Naturally Native Low Barns Conservation Projects Education Projects Living Landscapes Projects	50,544 11,665 140,740 57,067 100,095	104,224 3,885,386 73,869 1,049,211	( 144,762 (261 ( 470,116 ( 87,298 ( 56,273	) ) ) ) )	( 7,696 ) ( 3,216,052 ) ( 20,550 ) ( 902,430 )	2,310 11,404 339,958 23,088 190,603
Healing Nature Great North Fen Seascapes Natural England Land	39,334 54,380 (812)	58,578 21,928 69,345	( 91,042 ) ( 73,627 )		( 80,662 ) 3,205,694	6,870 (4,354 ) ( 5,094 ) 3,205,694
Total restricted funds	476,526	6,043,527	( 1,783,139)		( 965,619 )	3,771,295
Total funds	2,935,107	6,819,979	( 2,594,060 )			7,161,026

22.Analysis offunds	(Continued)
Year ended 31March	2022as restated
		Brought				Carried
		Forward	Income	Expenditure	Transfers	Forward
			E		E.
Unrestricted Funds
General fund		908,219	798,873	( 893,044 )	( 44,997 )	769,051
Designated funds
Volunteers		9,920			40,000	49,920
Repairs and Maintenance					60,000	60,000
Rainton Meadows Land		132,636	91,000	( 91,849 )	849 1,446,974	132,636 1,446,9?4
Total unrestricted funds		1,050,775	889,873	( 984,893 )	1,502,826	2,458,581
Restricted Funds
Discover Bright Water Heart of Durham Land of Oak and Iron		26,968 17,946 10,959	489,749 43,820	( 625,855 ) (45,352 ) (884 )	105,268 10 884	( 3,870 ) 16,424 10,959
Naturally Native Low Barns Conservation Projects Education Projects Living Landscapes Projects Healing Nature Seascapes Great North Fen		60,904 49,134 211,787 29,915 571,239 100,931 406	148,830 9,858 272,151 59,056 33,177 276,856 67,224 801,332	( 217,430 ) (2,523 ) ( 181,693 ) (43,525 ) (25,397 ) ( 91,474 ) ( 68,757 )	58,240 ( 44,804 ) ( 161,505 ) 11,621 ( 478,924 ) ( 246,979 ) 315 ( 746,952 )	50,544 11,665 140,740 57,067 100,095 39,334 (812) 54,380
Total restricted funds		1,080,189	2,202,053	( 1,302,890 )	( 1,502,826 )	476,526
Total funds		2,130,964	3,091,926	( 2,287,783 )		2,935,107

		Unrestricted	Unrestricted	Designated	Restricted
			Fundsf	Fun sf	f	f
Tangible	assets		281,828	2,335,942	3,205,694	5,823,464
Current assets			1,400,457	234,637	565,601	2,200,695
Creditors	amounts	due within one year	( 863,133 )			( 863,133 )
			819,152	2,570,579	3,771,295	7,161,026
Year ended 31March 2022 as restated
		Unrestricted		Designated	Restricted
			Fundsf	Fundsf	Fundsf	Totalf
Tangible	assets		210,177	1,446,974		1,657,151
Current assets			980,221	242,556	476,526	1,699,303
Creditors	amounts	due within one year	( 421,347 ).			( 421,347 )
			769,051	1,689,530	476,526	2,935,107
Operating	leases
The future	minimum	lease payments under	non-cancellable	operating leases are as follows;
					2023f	2022f
Not later than one		year				3,665
Later than	one and	not later than five years
Due more	than five	years
						3,665

		2023f		2022f
Net income forthe year		4,225,919		809,269
Adjustments for:
Interest received		(985)
Depreciation on tangible assets		29,353		22,629
increase in stock Decrease in debtors Increase in creditors		3,107 100,827 441,786	(	( 5,532 ) 199,747 ) 306,003
Net cash flow from operating	activities	4,800,007		932,622