Annual Report and Accounts for 2020-21

posted on September 6, 2021

We have published our Trustee’s Report and Independent Accounts for the year 2020-21.

The trustees of Sylva Foundation are pleased to release the formal report from the board for 2020-21 and the independent accounts produced by our financial auditors. Click to download in full, or read the summary below.

2020-21 at a glance:

download Sylva's annual report and accounts for 2020-21

download Sylva’s annual report and accounts for 2020-21

  • appointed two new trustees: Dr Mary Barkham and Jim Waterson
  • expanded our IT team
  • ran a new British Woodlands Survey exploring awareness, action, and aspirations among land managers to environmental change
  • continued to play a strong role in supporting the work of the Forestry & Climate Change Working Group
  • supported Defra by conducting research for the Resilient Treescapes project
  • started work on the Future Oak project with Bangor University
  • supported 2,149 environmental educators across Britain via our myForest for Education platform
  • supported 7,084 woodland owners and more than 1,000 forestry agents  in caring for 126,693ha across Britain via the myForest Woodland Manager
  • continued work developing a new IT platform to support woodland creation, working with both Defra and Scottish Forestry
  • delivered multiple environmental auctions across England for partners using our NatureBid platform, including the third Woodland Carbon Guarantee
  • supported more than 20 SME wood businesses at the Sylva Wood Centre
  • launched our new Professional Course and taught 5 students to work with home-grown timber to batch produce for commercial clients
  • completed renovation work on the Grain Store at the Sylva Wood Centre, including fit out of a state-of-art machinery and teaching unit
  • continued to engage with visitors to our small estate in Oxfordshire, providing interpretation and events to advocate our mission

Financial Summary

Income

Income (£496,959) increased by 5% compared to the previous financial year (£472,374).

12% of total income was received in donations. The majority of income for Charitable Activities (£309,809) came from performance-related grants (£212,039). Income from Trading Activities was £120,758, the majority of which was from business leases at the Sylva Wood Centre.

Expenditure and Additions
Total expenditure was £437,22, 65% of which was spent on salaries.

Our overheads, comprising income generation, admin, and governance, represented 13% of expenditure.

Funds

The charity’s Designated funds (87% of which are operational fixed assets comprising land and buildings at the Sylva Wood Centre) were £1,625,604 at the end of the 2020-21 financial year. Restricted funds were £88,425, and Unrestricted funds £140,325.


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