2021-03-31-accounts - Radnorshire Wildlife Trust Limited

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COUNCIL MEMBERS AND OFFICERS:	COUNCIL MEMBERS AND OFFICERS:	COUNCIL MEMBERS AND OFFICERS:	COUNCIL MEMBERS AND OFFICERS:
The Officers and Council of Management				serving	during the year were	as follows:
Chris Ledbury		(Chairman	to 31 December 2020,		Vice Chairman from	1	January 2021))
Jenny Chryss		(Chairman	from 1 January	2021)	Jenny Fox
Bill Stow	(Vice Chairman		to 31 December 2020)		Vanessa Garwood
Edmund Heather	Hayward (Company Secretary) Price (Treasurer)				Pam Knight Stephen Simmonds				(appointed 21 January					2021)
Helen Barnes					Alice Tite
Gafyn Blakeway
REGISTERED OFFICE:					Warwick House
					High Street
					Llanddindod	Wells
					Powys
					LD1 6AG
REGISTERED NUMBER:					2132736
REGISTERED CHARITY			NUMBER:		519021
AUDITORS:					Andrew Jones		&Co
					Chartered Accountants					8 Statutory Auditor
					The Old Surgery, Spa					Road
					Llanddindod	Wells
					Powys
					LD1 6EY
HONORARY		LEGAL ADVISOR:			David T Lloyd
					H VVaughan		8 Co
					Solicitors
					Manchester	House,			High Street
					Builth Wells
					Powys
					LD2 3AD
BANKERS:					Barclays Bank		pic
					Middleton Street
					Llandrindod	Wells
					Powys
					LD1 5DG
INVESTMENT		MANAGERS:			COLA Investment			Management Limited
					80Cheapside
					London
					EC2V 6DZ
STAFF:					D Hardy J Hitchcock				- Trust Director (to 31 January - Chief Executive Officer (from								2021) 1 February 2021))
					J Stone				-	Reserves Officer
					R Podmore				-	Estate Worker
					E Morgan D Hardy A Leow-Dyke				- Administration Officer - Project Manager (from 1 February 2021) - Welsh Beaver Project Officer (to 31 March 2021)
					SECojocaru				-	Community Wildlife Officer
									(from 1 July 2020				to	30	September 2020)
									-	Stand For Nature			Project Officer
									(from 1 October			2020)
					P Evans				-	Gilfach Warden		and		Project		Officer
										(from 1 August	2020			to	15March 2021)
					VGeen				-	Project Manager			(from 1 February to 12April 2021)
					SWoodcock				—	Conservation	Officer			(from		1	April 2021)
					J Mottershead C Jackson				- —	Arts & Heditage Officer (from Assistant Project Officer and							6 April 2021) Gilfsch Engagement 0 fficer
										(from 12 April	2021)
					P Nevige-Evans				—	Project Officer (from				19April			2021)
					SMorris				-	Trainee and Gilfach				Warden			(from 19 April 2021)
					D Griffiths				-	Administration	Assistant				(from 1 May 2021)
					JVincett				-	Community Wildlife Officer						(from 1 May 2021)
					P Ward				-	Wildlife &Volunteer				Officer		(from 1 May 2021)
					L Morton				-	Project Manager			(from 3 May 2021)

						Unrestricted	Restricted	2021	2020
					Note	Funds	Funds	Total	Total
						5	E	5	E
INCOME
Donations and Legacies						140,798	265,307	406,105	402,869
Charitable Activities						64,099	7,186	71,285	67,751
Other Trading Activities						13,992		13,992	23,897
Investment Income						12,113		12,113	12,132
Otherlncome						2,727		2,727	4,000
TOTAL INCOME					2	233,729	272,493	506,222	510,649
EXPENDITURE
Raising Funds						2,954	170	3,124	7,590
Charitable Activities						102,271	174,588	276,859	276,214
TOTAL EXPENDITURE						105,225	174,758	279,983	283,804
Net Gains/(Losses)		on Investments
NET INCOME/(EXPENDITURE)						128,504	97,735	226239	226 845
Transfers between		Funds				25,285	(25,285)
Other recognised	Gains/(Losses)
Unrealised Gains/(Losses)			on Revaluation	of
Investments						70,356		70,356	(11,884)
NET MOVEMENTS		IN FUNDS				224,145	72,450	296,595	214,961
RECONCILIATION		OF FUNDS
Total Funds Brought		Forward				881,006	1,018,605	1,899,611	1,684,650
Total Funds Carried		Forward			15	1,105,151	1,091,055	2,196,206	1,899,611

					Note	2021		2020
FIXEDASSETS
Intangible Assets					8		2,018		2,018
Tangible Assets					9		244,917		160,767
Heritage Assets					10		1,004,305		1,021,755
Investnents					11		403,774		333,418
							1,655,014		1,517,958
CURRENT ASSETS
Stocks					12	1,435		1,535
Debtors					13	260,401		242,911
Cash at Bank and	In	Hand				288,436		147,097
						550,272		391,543
CREDITORS: Amounts			falling	due
w	ithin		one year		14	(9,080)		(9,890)
NEf CURRE347 ASSETS							541,192		381,653
TOTAL ASSETS LESS			CURRENT LIAIELITIEB				2,196,206		1,899,611
NET ASSETS					16		2,196,206		1,899,611
FUNDS
Unrestricted Income			Funds:
Designated Funds					15	733,226		578,883
Revaluation Reserve					15	65,992		(3,365)
General Funds					15	304,933		305,488
Total Unrestricted		Income		Funds			1,105,151		881,006
Restricted Funds					15		1,091,055		1,018,605
TOTAL FUNDS					16		2,196,206		1,S99,611

Field Plant and Equipment	10'/o on Cost
Motor Vehicles	10'/a on Cost
Furniture and Equipment	10'/a on Cost
Computer Equipment	25'/a on Cost

INCOME			Unrestricted	Restricted
			Funds	Funda	2021	2020
			6	8	6
Incorre from Donations		and Legacies:
Voluntary Income:
Grants and Donations			48,372	265,282	313,654	172,598
Legacies			64,849		64,849	201,118
Gift Aid			8,154	25	8,179	11,157
Members Subscriptions			19,423		19,423	17,996
			140,798	265,307	406,105	402,869
Charitable Activities:
Welsh Governrrent	- Glastir		32,107		32,107	31,736
Welsh Government	- Basic Payrrent Scheme		31,992		31,992	33,260
Fees, Courses and	Events			7,186	7,186	2,755
			64,099	7,186	71,285	67,751
Other Trading Activites
Sale of Goods and	Refreshrrents		4,846		4,846	11,842
Fund Raising Receipts			1,560		1,560	4,435
Grassletting			446		446	455
Rents Receivable			7,140		7,140	7,165
			13,992		13,992	23,897
Investment Incorre and		Interest:
Interest Received			70		70	314
Investmsnt Incorre			12,043		12,043	11,818
			12,113		12,113	12,132
Other Incorring Resources:
Insurance Claim			2,627		2,627
Sale of Seep Profit on Sale of Landrovsr			100		100	4,000
			2,727		2,727	4,000
Total Income			233,729	272,493	506,222	510,649

	Unrestricted	Restricted	2021	2020
	Funds	Funds	Total	Total
		f	6	E
INCOME - continued
The follow ing grants and donations are acknow ledged:
Natural Resources Wales		53,577	53,577
Heritage Lottery Fund - Delivery Stage of Gilfach				26,485
Heritage Lottery Fund - Stand for Nature Wales		20,639	20,639
Heritage Lottery Fund —Green &Resilient Future		9,050	9,050
People's Postcode Lottery	4,689		4,689	5,027
P opia's Postcode Lottery —Beaver Project		18,000	18,000
P opia's Postcode Lottery —Carbon Footprint		10,000	10,000
People's Postcode Lottery - Wilder Future		10,000	10,000
Welsh Governrrwnt —ENRaW Grant Beaver Project				27,873
Welsh Government —ENRaW Greener Connections		2,396	2,396
Welsh Governrrwnt —SMSGrassland Managerrent		92,861	92,861
Welsh Governrrant —SMS Rhos Pasture		16,943	16,943
Arw sin Wildlife Sites Project				1,834
Landfill Developrrwnt Tax - Resilient Reserves		22,707	22,707	7,922
Hayley Group Lirrited - Dolyhir Meadows Powys County Council - Toads on Road Project Llandrindod Wells Tow n Council - Gardening Project		2,000 350	2,000 350	2,000 1,468 255
Fronwen Wood - Management Grant Fronw en Wood - Managerrwnt Grant				65,000 10,000
Llysdinam Trust Powys County Council- Coronavirus Grant HMRC - Job Retention Scheme Grant	20,000 3,325	1,000	1,000 20,000 3,325
Other Donations and Grants	20,358	5,759	26,117	24,734
	48,372	265,282	313,654	172,598
RAISING FUNDS
Fund Raising Costs Purchase of Goods	259 2,695	170	429 2,695	1,493 6,097
	2,954	170	3,124	7,590

CHARITABLEACTIVITIEB
				Unrestricted	Restricted
				Funds 5	Funds K	2021 6	2020f
Staff Costs				35,857	106,109	141,966	156,019
Travelling Expenses				1,313	3,588	4,901	6,478
Vehicle Expenses				2,192	441	2,633	3,459
Field and Reserve Expenses				1,107	20,704	21,811	17,400
Publicity, Advertising, Interpretation		and	Education	3,151	358	3,509	4,908
Training and Course Fees				824	1,031	1,855	2,476
Repairs and Maintenance				657	252	909	2,146
Professional and Consultancy	Fees			857	8,744	9,601	1,863
Licences and Copyright				465	302	767	327
WTW and RSWT Levy				3,443		3,443	3,765
Rates and Water				432		432	1,465
Light and Heat				986		986	1,090
Telephone and Broadband				397	493	890	873
Printing, Stationery and Office	Supplies			464	2,202	2,666	669
Insurance				5,644		5,644	4,346
Corrputer Costs				4,844	599	5,443	5,385
Membership Costs				2,425		2,425	2,875
Bank Charges				919		919	919
Payroll 6Pension Adntnistration	Costs			(820)		(820)	2,260
Other Costs and Subscriptions				1,690	696	2,386	814
Depreciation				3,000	29,003	32,003	24,669
Health and Safety				462	66	528	300
Project Management Costs RWS Debtor w ritten off (part)				10,296		10,296	3,361 10,296
General Support Costs (see note 5)				12,965		12,965	10,402
Governance Support Costs (see note 5)				8,701		8,701	7,849
				102,271	174,588	276,859	276,214
ANALYSIS OF SUPPORT COSTS
				General	Governance
				Support	Support
				Costs	Costs	2021	2020
					8	K	8
Staff Costs (Managerrent)				11,805	3,372	15,177	11,182
Office Accorrrmrdation:
Rates and Water				54	15	69	95
Light and Heat				282	81	363	456
Repairs and Maintenance				258	74	332	926
Telephone and Broadband				566	162	728	715
Annual General Meeting					250	250	310
Accountancy Fees					500	500	500
Audit Fees					3,800	3,800	3,620
Trustees Inderrnity Insurance					447	447	447
				12,965	8,701	21,666	18,251

STAFF CO	STS
		2021	2020
		6	f
Total Staf Costs were:
Wages and	Salaries	141,582	132,268
Employers	National Insurance Costs	7,154	6,740
Pension Contributions		8,407	7,902
Redundancy	Payment		20,292
		157,143	167,202

				2021	2020
				Numbers	Numbers
+ Trust Director (part time)				1	1
+ Reserves Officer	(full	time)		1	1
~ Estate Worker (part time)				1	1
People and Wildlife Officer (part time)					1
Exporing Gilfach	Project Manager (part time) (part year)
Administration and Publicity Officer (part time)
Project Manager	(part	time) (part year)
Project Manager	(fug time) (part year)
~ Project Olticer (full time time) (part year)
v Seasonal Warden	Gilfach (part time) (part year)
TRANSFERS BETWEEN		FUNDS		Unrestricted	Restricted
				Funds	Funds
				6	6
Transfers in the year	are:
Transfer ofProject Funds		to Core Funds		5,000	(5,000)
Transfer ofCore Costs to		Projects		20,285	(20,285)
				25,285	(25,285)
Project Funds transfered		to Core Funds are for volunteer	time spent on projects.
Core costs transferred	are an allocation of management		and office costs to projects.
INTANGIBLE FIXED	ASSESTS
				BPS
				Entitlements	Total
				6	6
Cost
At 1 April 2020				2,018	2,018
At 31 March 2021				2,018	2,018
Net BookValue
At 31 March 2021				2,018	2,018

					Incoming	Outgoing
					Resources	Resources
				At 01/04/20	(inc gains)	(inc losses)	Transfers	At 31/03/21
Unrestricted	Income Funds:
Designated	Funds:
Wildlife Trust Development			Fund	177,973			4,614	182,557
Conservation Fund				400,910			149,730	550,640
Revaluation	Reserve			(3,365)	70,356			66,991
General Funds				305,488	233,729	(105,225)	(129,059)	304,933
Total Unrestricted		Incorra Funds		881,006	304,085	(105,225)	25,285	1,105,151
Restricted	Funds:
Restricted Restricted	Capital Incorra	Funds Funds		959,282 59,323	96,258 176,235	(29,003) (145,755)	(25,285)	1,026,537 64,518
Total Restricted Funds				1,018,605	272,493	(174,758)	(25,285)	1,091,055
Total Funds				1,899,611	576,578	(279,983)		2,196,206