##
##
##
|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|
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||||||||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|
##
##
|||Note|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|during the year was as follows:|||
|---|---|---|---|---|---|---|
||||||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|