Company registration number: 04398959
Charity registration nurnber; 1091562
THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
(A company limited byguarantee
and not havlng any share capltal)
REPORT OF THE TRUSTEES AND
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Azets Audit Services
Chartered Accountants & Statutory Auditors
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
Contents
Report of the Trustees
1-24
Report of the Independent Auditors
25-28
Statement of Financial Activities
29
Balance Sheet
30
Statement of Cash Flows
31
Notes to Financial Statements
32-57

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
CHAIRMAN'S ANNUAL REPORT
Sittlng down to write this introduction to my first annual report as Chair of WSTWW was a Ilttle daunting, However,
having carefully read the Achievements and Performance below this soon gave way to real pride in what The Wildlife
Trust South & West Wales has achleved over the past year. So, l am delighted to present this report to you. Please
do take the time to look through it,
The achievements are, of course, thanks to the hard work of our staff, volunteers and members, and this Is across all
the teams: Conservation Support staff, Senior Managers, Nature Reserves team, ConseNatlon, Islands and Marine
staff, and the Wilder Engagement team.
The board of trustees has been taking some time to reflect on how we work and how we can develop in our role of
80vernance. A board effectiveness review facilitated by a consultant was a very posltive process for us to undertake.
Perhaps a theme runnlng through the report is one of making connections. Enhancing and enlarging our reserves,
working with partner organisations, linking with landowners, people and commu nities in ou r region, and all this work
undertaken on very Ilmited resources. A testament to the passlon we all hold for our natural envlronment.
Paul Culver
Chalr

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and accounts forthe year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply with the charity's governing document, the Cornpanie5 Act 2006 and Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective I
January 20191
OBJEcfivES AND AcfiviTIES
The Wildlife Trust of South and West Wales Ltd is required by charity and company laws to act wlthin the objects of
its Memorandum of Association, which are as follows:
1.1. For the benefit of the public, to advance, promote and further the conservation maintenance and protection of..
i. terrestrial and marine habitats and their wildlife.
ii. places of natural beauty;
ill. places of zoological, botanical, geographical, archaeological or sclentific interest;
iv. features of landscape with geological, physlo8raphlcal, or amenity value in particular, but not excluslvely,
in ways that further bio108lcal conservatlon.
1.2. To advance the education of the public in..
l. the principles and practice of sustainable development.
11, the principles and practice of blodiversity conservation.
1.3. To promote research In all branches of nature study and to publish the useful results thereof.
Public benefit statement
The Trustees have referred to the guldance contalned in the Charity Commissions, general 8uldance on public
benefit when revlewing the Trust's alms and objectives and in planning its future actlvltles. In particular, the
Trustees consider how planned activities will contribute to the alms and objectlves they have set.
The advancement of environmental protection and lrnprovement is recognised as a charitable purpose and is
regarded universally as producing a public good. The Wildlife Trust of South and West Wales exlsts to promote the
care and protection of the environment and therefore provides a clear public benefit. Our philosophy is based on the
belief that the natural world deserves conserving for its own sake and, since this 15 widely perceived to be a worthy
aim of public policy, it may fairly be regarded as a benefit to the public at large, However, the public benefits
provided by the Wildlife Trust 80 much further.
Firstly, our nature reserves are used by the public, and many have access on way-marked routes. At many sites
information and interpretation is provided to visitors. There are a few cases where there may be a conflict between
management requirements and unfettered access, but where this occurs we strive to keep any restrictions to a
minimum.
Secondly, our education programmes are aimed at schools. colleges. adult groups and the wider public. Education Is
also. of course, reco8nised as a charitable activity in its own right.
Thirdly, our information gathering and provision of expert advice and opinion to local authorities and others helps to
ensure that planning decisions are made on a rational basis taking full account of the public benefit of wildlife.

THE WILDLIFE TRUST OF SOUTH AND WESTWALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Fourthly, we can exert influence through our membership at local level, and nationally through our membership of
the Royal Society of Wildlife Trusts and Wildlife Trusts Wales. It is also our belief that the involvement of many
volunteers in our work provides an outlet for altruistic endeavour which is of special benefit to those invofved as well
as delivering benefits to the wider public.
Promotlng the enjoyment of the natural world is an Important part of what we do: contact with the natural world
and the appreclation of wlldlife and wlld places provides great pleasure to many people and contributes towards
wellbeing and health. Our nature reserves and activities are available to all and provision Is made wherever possible
for people of a51 abilities and socio-economic groups.
The objectlve of our tradins subsldlary, DWT (Enterprlses} Ltd, is to support the work of the Trust through the
businesses of sales, island accommodation and large and special events.
ACHIEVEMENTS AND PERFORMANCE
For further informotlon on our conservotion ond research work, please refer to the reports found on our webslte..
We hl8hll8ht the followln8 achlevements for Aprll 2023 to end of March 2024
Hl8hll8hts from the nature re5erve$
A survey of the whole of the Gwernydd Pembrey SSSI assessed the populatlon of Water Voles followln8 our
relntroductlon projert at Ffrwd Farm Mlre, NRW later confSrmed that Water Voles have been added as a
supporting feature of the protected site, slgnlfylng the success of the project and the fact that there Is now
sustalnable population.
Nature Reserves Management
The reserves staff have been busy Implementlng the Nature Networks fund {round 11 project across 39 of our
nature reserves that are designated as SStes of SpecSal Sclentlflc Interest ISSSI). The work has Included
desilting ponds, erectlng fencing, improvlng pathways and boardwalks, way-marking, buying tools and
equlprnent and undertaklng woodland and grassland management and {along wlth some legacy moneyl, two
new bird hldes at Telfl Marshes. The grant has facllltated Brazlng to be established on some more nature
reserrfes by fundln8 the necessary Infrastructure, includin8 Llyn Fach in Neath Port Talbot.
Our reserves tearn carrled out regular management and malntenance of nature reserves, ably sUPPOrted by
our volu nteers. Work included: litter picks, infrastructure repair5, replacing boardwalks, installing benches
and way-marker posts, cutting reeds and scrub to open up important habitats, planting trees and managing
dangerous trees, copplcln8 trees and scrub for butterflles, stock checks and hedge laylng
We also worked wlth contractors where fundln8 allows or where speclallst skllls or equipment is needed, e.
for management of Ash dleback and repairing roadside walls.
We work closely with Natural Resources Wales {NRW) In the management of our designated sites and have
regular site visits with them to discuss management options and to seek the approprlate licences and
permissions to carry out the work. We also work with NRW to secure section 16 management agreements
wherever posslble to fund work on our SSSIS, although the funding avallable for SSSIS has reduced
dramatically.
Local Nature Partnershlp fundlng helped wlth capital works on a number of our nature reserves, for example
fenclng and grazing infrastructure at Rhydyglyn, pond restoration at Carmel, and a grazln6 report to Infomi
the management plan for Craig Cilhendre. all funded by the Carmarthenshire Local Nature Partnership. The
Vale Local Nature Partnership funded a new tractor plus benches and interpretation panels, and the
Brldgend Local Nature Partnership funded a new, secure tool store for Parc Slip.

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
A Local Places for Nature grant funded tree planting at Teifi Marshes
rainforest in Pembrokeshire and linking habitats.
Many of our nature reserves are grazed in order to provide the best possible habitat for wildlife. Each year
grazing licences need to be reviewed and renewed to ensure that the habitat Is In or moving towards
favourable condition. We are workin8 hard to get grazin8 onto nature reserves that need this style of
management. and at Cors Goch in Carrnarthenshire, we finally have traditional-breed cattle grazing the
habitat for the first time in decades.
We delivered habltat management work for silky wave moth on our South Gower Coast nature reserve in
conjunction with Butterfly Conservation as part of the national Natur am Byth project
A round-up of the total staff and volunteertime spent managing nature reseNes shows:
o Habitat management- 577.1 working days
o Health & safety work = 86.3 working days
o Invasive Non Native Species IINNSI work - 144.6 working days
o Installing / maintaining infrastructure = 334.4 working days
o Species survey / monitoring= 183.5 working days
o Footpath / access malntenance= 232.3 working days
extending the cover of temperate
Research and monltorlng
An Intervlew for the New 5clentlst was held at Telfl Marshes about the Impacts of rlver pollution on reseNe.
Heather samples were taken from Dowro8 Common for the Great Fuel Moisture Survey.
Brown hairstreak e88 counts were carrled out at Telfi Marshes In partnership with Butterfly ConseNation.
Beaver feasibility site visits took place at Telfi Marshes and Llangloffan Fen with Nathan Walton, Adam
Dawson and Alicia Leow-Dyke.
Dormice surveyors developed a monitoring plan for 2024 at Pengelll Forest and we carried out Dormouse box
surveys at Brynna Woods.
Allce Chapman Conservation Officer, Is working with Reserves Manager Duncan Ludlow to develop and
support a reseNes monitoring programme for the survey season.
We had a donatlon for a biological report on the River Usk and catchments. We contracted Brecon
Biodiversity Informatlon Service IBIS) to collate records of species and habitats and to identify where
potentlal data 8aps may be and how we can improve data flow for freshwater species.
We ran Great Crested Newt surveys at Parc Sllp in liaison with Network Rail.
We input to the WCVA scoping project for a National Nature Service.
National Botanical Garden of Wales collecting Wych Elm, Wild Service and Elder seeds from Pembrokeshire
reserves for their M illenium Seed Bank project.
Partnershlp work and networks
Our nature reserves and reserves staff were part of several projects over the year including the Canals,
Communities and Wellbeing Project in Brecknock, the LIFE 'Quaking Bogs, project {Dowrog Common) and
the 4Rivers4Life project (Llangloffan Fenl.
We supported Cwm Arian's 'Growing Better Connections, partnership project which encompassed our Pengelli
Forest Nature Reserve.
We attended various advisory groups, network and partnership meetings including Brecknock COnse￿ation
Advisory Group, Bridgend Green Network, Coppicewood College, and some of the Local Nature Partnerships
and attended webinars including NRW/WG amendments to felling licence regulations.
We organised Invasive Species training for WTSWW staff and partners through the WaREN INNS contract.
Working in partnership with Butterfly Conseniation Wales and NRW discovered four new Marsh Fritillary sites
within Ceredigion (three near Tregaron and one at Capel Cynon -EThv Fachl.
Local Places for Nature grant - Ceredigion Swift project run for the Ceredigion Local Group -60 boxes have
been installed in various locations in the county where swift5 are present.

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Advlte to other landowners
Reserves staff provide management advice to other landowners whenever capacity allows, and thls year thls
ha5 included advice to private land owners and a golf club, covering advice on managing ponds, wet
woodland5, water lilies, pond creation and wildflower management.
Dou8 Lloyd (WTO Ceredlglonl has worked with local landowners near Llanfair Clydogau, Lampeter, to survey
land that is on the proposed route of a new set of power lines and pylons coming from another wind farm
application (near Bryn Cadwgan but in Ceredigion - there are two further wind farms proposed in Ceredigion
plus the power linesl. This area has now been shown to have another "new" Marsh Fritillary populatlon on
the proposed route.
100.5 hours of advice given to landowners on 463.4ha of land. A total of 45 sites, 43 private and 2 community.
Acquisitions and legal work
Trellwyn Fach - site visit with Trustee Mike Davies and Reserves Manager Nathan Walton, and drafted a paper
for RSWT and Conservation Committee, discussed at meetlngs, agreed to purchase, agreed sale price wlth
estate agents, set up meeting with RSWT for next steps. To be completed in 2024-25,
After a series of emails relating to our Redley Cliff nature reserve and the small track that runs alongside which
Is not connetted to our nature reserve, options were considered by the Board and Trust solicitor. It was
declded to sell the track and verges and over the last few months of this reporting period, worked with our
land agent to prepare the papers.
A number of our nature reserves are comlng to the end of thelr lease agreements so we are worklng wlth our
501icitor and land agent to renew the lease5 and are takin8 the opportunity to improve the terms where
necessary.
Network Rail have needed agreements with us to carry out varlous rall Improvements adjacent to Brynna
Woods and Parc Slip and through Pwll Waun Cynon. Our land agent has secured a $106 agreement on this.
Erw Fach, one of the new Marsh Frltlllary sltes In Ceredlglon is now under WTSWW management with a lon8-
term agreement with the land owner.
Nature Recovery and large-scale projects
We met with the new owners of the Aberthaw power station. We have discussed the possibillty of takln8 on
the management of the lagoons a8ain, and have input to ideas for mltigation and site improvements for
wildlife on the site,
Plans for riverside habitat restoratlon and reintroduction of Water Voles In the Vale of Glamorgan started wlth
identifyin8 release site5 on the Thaw and workin8 With the landowners to get written consent. We also
ensured all approprlate partners and collaborators remain Informed and Involved when the tlme comes. The
plans then expanded into the Ely catchment and we secured a contract with NRW to start the process and
produce a scoping report for that river system. We are working closely with SEWRT and INCC, and are being
supported and helped by Kerry Rogers. The Vale of Glamorgan Local Nature Partnership's "Restore the
Thaw" project funded by Nature Networks also includes elements contributing to our water vole
relntroduction work in the Vale.
In our Red Squirrels project work, we have conducted a deep analysis of our historical data in order to improve
our understanding on population dynamics, reviewed the efficacy and eff iciency of the methodologies used
to date, and developed a new strategy for how we take the project forwards. We are explorin8 all aspect5,
from new monitoring techniques, technical analysis opportunities and volunteering opportunities to
collaboration with academic bodies and other stakeholder5. We are grateful to the Carmarthenshire Local
Nature Partnership for approving a two-year grant that contributes to the project costs. We are now looklng
at additional fu nd ing opportunities, and are in the process of building a larger Welsh all-mammal landscape-
scale project, that encompasses red squirrels, in collaboration with other thlrd sector conservation
organisations operating in the wider RS project area.

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Pengelli Forest nature reserve is part of an arc of remnant Celtic rainforest fragments that run through the
Gwaun Valley, towards Fishguard. We are developing a large4cale habitat project to expand, connect and
restore the rainforest across this area. We had a meeting in December with partners organisations and
landowners to discuss ideas and to explore how we could work together. The future purchase of Trellwyn
Fach as a new Nature reserve will contribute to the aims of this project.
Advocacy and Standing Up for Nature
We have worked with our colleagues throughout Wales to input to the Sustainable Farming Scheme
consultation and attended some of the local consultation events. We also attended a meeting with Welsh
Government to discuss SSSIS in relation to the SFS and were pleased to have the opportunity to explain the
difficulties in sourcing funds for managing designated sites, and to advocate for SFS support for SSSIS.
We sit on the Technical Advisory Group Agricultural Advisory Group and the Rivers Stakeholders Group that
are part of the West Wales Nutrient Management Board. The group has reviewed excellent research on the
sources of pollution in the Teifi, Tywi and Cleddau but it is apparent that there is a lack of resources to deal
WFth the Issues presented.
Clyne Common - we have objected to a de-registration of the common, next to The Dranges nature reserve.
Paul Thornton, Resenies Manager, worked wlth the Gower Society to prepare a statement for the public
Inquiry.
We were alarmed to hear about the Bryn Cadwgan energy park and wlnd farm proposal because it is in the
middle of the most important woodland block for red squirrels withln the Red Squirrel project focal area. It
is also adjacent to SACS and SSSIS. We are working with RSPB and an experienced planning volunteer to
compile a catalogue of ecologlcal and soclal/cultural data In objectlon to the development and have met
with the developers to discuss our grave concerns.
Partnership work and networks
We carried on working on the pllot prlorlty habltat management project in Ceredigion and North
Carmarthenshire in partnership with ADAS and the Welsh Government, We are working with 11 landowners
to advise on improvements to the management of their MG5 grasslands and teaching them how to monitor
the changes.
• Through a project with Cardlff North Woodlands we are developing a reduced network of tralls wlthin the SAC
and 5SSI to reduce habltat dama8e and species disturbance. As part of this work we are liaising Wlth
representatives from Breedon Group to discuss the ecological nuances of their quarry site at Garth Woods,
and give them a better understanding of the project alms.
We attend many of the Local Nature Partnerships Steering Groups. These groups are vital in bringing together
local organisations with a deep knowledge of their area to plan nature recovery at a county-wide scale.
We are also involved with projects that have arisen from the LNPS eg the Vale of Glamorgan 'Hedges and
Edges, project and we attend many of the Nature Recovery Action Plan steering groups.
We attend the Cardiff University ERBAP meetings: which is looking to move towards the University achieving
biodiversity improvements.
We also attended the Cardiff City Nature Network meeting, which is looking to map core zones for nature
recovery in the city.
Contracts
We take on a limited number of contracts that generate income and help us deliver our strategy. This year
through our contract work we have:
Drawn up plans for a number of wildlife and food-growing projects for communities across Wales via the
Keep Wales Tidy Local Pla￿$ for Nature Grant wildlife package community scheme.

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The delivery team (Nature Recovery Team} are now working with the Wilder Engagement Team to
develop resources that can be provided to groups engaged through this scheme, and retain them within
the Team Wilder system.
o Contract work for Oxygen Conservation at Esgair Arth. nr Aberarth In Ceredigion- surveyed with
volunteers for veteran trees and rarer tree species in this 5SSI small leaved lime, 8uelder rose, spindle,
wild seNice. Site Is one of the best sites in the county for these species.
o Through a contract with NRW for mink control on the Thaw and Kenson Rivers we created a database
and map showlng opportunity areas, land ownership details, and monltorln8 raft locations. We also,
liaised with la ndowners/farmers, and deployed 10 new monitoring rafts in various holdings. Flnallyi we
collated a short final report a nd applied for a FRAP (flood risk activity permit).
o Thlrd phase of our water vole work on the Thaw and Kenson catchments, Created/lmproved habitat on
Cadoxton River and Cold Brook, including erecting 200m of fencing and 2 livestock gateways. We
contlnued nurturlng and developlng new relationships with key landowners/farmers, as well as other
key stakeholders such as LNP members and the 'Restore The Thaw, Project. We also continued our mink
monltorin81control work throughout, and concluded with a reportlhabitat improvement ￿vIeW.
Hl8hllghts from ourTeam Wllder work
Most of our Team Wilder work is delivered through grant-funded projed(s:
Standfor Nature Woles Project (Cardlffl
Students Started a ne5t-box monitorin8 scheme at Forest Farm, 12 boxe5 were occupied with built nests.
• Youth forum members attended a youth campaigning event organlsed by WTW, and also supported the Urdd
Eisteddfod in Ju ne.
A 3 day Youth Summit was held in Llangrannog lat the Urdd Centre} with 84 young people atlendlng from
across Wales. The summlt was a success wlth a varlety of workshops, guest speakers and wlldllfe activities.
Next year's su mm it will be held in Cardiff, with a political angle.
The Youth forum planned a campalgn raising awareness of rlver pollution In Cardlff and we helped organise a
Senedd event where the forum met wlth MS, to talk about the wlder Wales pestlclde campaign. The forum
designed a river pollution themed Christmas tree lo highlight their river pollution campaign at the Penarth
Christmas tree festival. They won the silver award in the Charity Category. Linked to rivers, we organised
rlver fly monltorin8 trainlng and otter surveyln8 tralnlng.
Alex Griffiths (Wilder Engagement Officer) attended the Cardiff University Fresher's Fair, and has run a follow-
up event for new forum members in Roath Wild Gardens.
We attended the Chlldren's Rlghts Fest held at Cardlff Clty Football Stadlum - thls was a good opportunSty for
networking, and to gather young people's hopes for nature in the city.
We attended two planning meetings for the Cardiff LNP NRAP youth engagement workshop day. The
workshop went well with seven schools in attendance, a mlx of primary and high schools, wlth good
feedback for the action plan and good sixth form/high school connection5 for our Stand for Nature project.
Stondfor Nature Wales Projert (Coostal Ceredlglonj
Marine Conservation Project Officer, Laura Evans and our marine conservation interns, have organised and
delivered events for the public which have ranged from beach cleans to climate cafes as well as attending
external event5 such as the New Quay Carnival and "An Evening with Nature"
One of our Marine Conservation Interns joined "Generation Sea" a youth planning group established by The
Wildlife Trusts to develop the Trusts social media plan for National Marine Week. The theme was "young
people In marine conservation". The Interns also asslsted wlth marlne specles surveys. training of and
supporting of volunteers in biological data collection, and in the audit and analysis of specles data collected.
Members of the Living Seas Youth Forum travelled to Porthdinllaen to team up with North Wales Wildlife
Trusts, Youth Forum to collert seagrass seeds as part of Project Seagrass, restoration project.

THE WILDUFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
11 members of the Living Seas Youth Forum and two Interns attended the Stand for Nature Wales Youth
Summit with Laura.
Laura worked closely with the Living Seas Youth Forum to create and film content for the -stand Up For Our
Future" documentary and to start the planning of the premiere events whlch will take place on World
Oceans Day In June 2024. One youn8 person, Elllott aged 11, used Canva to create animations to feature In
the documentary. These animations will convey scientific principles such as carbon storage in seagrass in a
more dlgestible and understandable way. The group have also been workin8 on fundraising ideas for the
events and the continuation of the youth forum afterthe end of the S4NW project.
My Wild Cordiff Projert (Cardlffl
Through the Cardiff LNP we have picked up the Green Walls and Volunteer Tralnln8 projects wlth the training
programme organlsed from May to September. Alex has been contacting new and old schools for the green
walls. An Orchard Course was run in March at Forest Farm as part ot the training project in the last financial
year. Alex also ran 2 dormouse footprint tunnel sessions, three grassland ID sessions as well as pollinator ID
session, and tree ID sessions
Alex has been helping the Cardlff Local Group run practical conservatlon events in Cathays Cemetery and
clearin8 invasives in Roath Wlld Gardens. He also ran a butterfly session for Cardlff Local Group at Cathay5
Cernetery.
We ran the followln8 events:
o A marlne-themed event at Red Dragon Centre alongslde an eco<raft sesslon. Thls was a good locatlon
for attractlng dlverse audlences.
o A stall at the Forest Farm Open Day {worklng wlth councll rangers team) and the Maes y Derl communlty
day {workin8 wlth a housln8 association).
o Ajolnt stall wlth Coed Caerdydd/Cardlff LNP at the Rhlwblna Eco Day.
o A bat and moth nlght at Hlghflelds Allotment.
o A bat walk at Cathays Cemetery.
th
The Unknown Wales conferen¢e17 October 2023) had -90 people attend In person and-15 people onllne.
Nextdoor Nature Swansea Projert (Swansetij
• Swansea LNP gave us just under £4k to dellver nature projects In Swansea; We engaged the YMCA Swansea In
planting for pollSnators at Swansea Museum. The Uplands community group engaged resldents In Penlan
Crescent and tO8ether planted wlldflower plugs and fruit trees {provlded by the council). We also held a
Nextdoor Nature Celebratlon event at the Swansea Brynrnlll Cornmunity Centre Garden. We have been
worklng wlth thls group to develop their garden area as part of the Swansea LNP work. We interviewed one
volunteer,
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Marianne ran a successful Welsh Language walk In Swansea and Is planning more Welsh language walks in the
future.
We attended the Chinese New Year festlval event organised by Chlnese In Wales Assoclatlon.
• We had a site vislt to Townhill woodland project and wlll be running two survey training sessions with the
group In partnershlp with Coed Lleol.
• We had a change of staff this year, wlth Marlanne Evans starting In July. Marfanne has attended several
Swansea LNP meetings and events, and Is bullding a good network of contacts through this partnership.
Education
Catherine Lewis (Wlldllfe Education Officer) has been running weekty hollday wlldllfe sessions/club at
Cadoxton Ponds and regular work parties for volunteers. We also hosted a Bumblebee Conservation Trust ID
sesslon for volunteers and found many brown-banded carder bee speclmens and some interesting cuckoo
species (collected for further species ID}.

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Paullne Hill {People and Wildlife Officer) has started a Brecon Wildlife Watch group which will run In school
holldays, in partnershlp with the Brecon Library, following a successful launch event in July.
We have delivered a water vole suNeying training session at Cosmeston Lakes on behalf of the Vale Restore
the Thaw project, including producing a survey guide forvolunteers.
Core Wllder Engagement Work
We attended events to bulld contact5 and attended meetings across South and West Wales with potential
Team Wilder Groups. There are a lot of communitles and young people interested in wildlife and
wlldlife/environmental action in Carmarthen and the surroundin8 area so we would like to find funds for a
Team Wilder Offlcer In the area.
We attend meetlngs wlth other Wlldllfe Trusts to look at best practlce, and how to measure and monltor our
Impact wlth Team Wllder.
We ran 3 women-only events with GROW Cymru for October, a session with YMCA and Welsh-language
nature walk wlth Menter lalth Abertawe In November.
• A few elements of Green Connectlons Powys project were carried on past the end of the project; eg
Introducing school puplls to Wern Plemys through the medium of Welsh. This was followed up with some
creatlve wrltlng In class.
• Swlft boxes are being put up on Bullth Wells Flre Statlon and Brecon Leisure Centre. The Brecon Swlft Group Is
plannlng an appllcatlon to LPfN fundlng for more swlft boxes, callers and contractors to put up the boxes.
This will be part of the greater project for the Brecon Gateway to Nature project funded through thls grant.
Wlld In Ystradgynlais (LPfN) ha5 funded access and engagement on Ystradfawr Includlng walks to introduce the
reserve to new groups, one In Welsh, and hopefully engage a few new volunteers wlth a taster sesslon
We have 12 actlve Local Members, Groups around south and west Wales, some are speclal-lnterest groups
such as the Aberystwyth Botanlcal Society, or the Friends of Skokholm and Skomer, and olher are based on
an area such as the Cardlff, Swansea and Brecon Local Groups. More Informatlon on each of the groups and
contact detalls can be found on our website:
The Wll
les
wel hwil
.or
They all run a programme of events Includlng talks and guided walks, and some groups such as Cardlff, run
practical conservatlon work parties. We are 8rateful to all the Local Groups for extendln8 the reach of the
Wlldlife Trust Into local communltles and encouraglng more people to take an actlve Interest in wildllfe.
Hl8hll8ht$ from our Llvlng Seas work
Our marine residential volunteering schemes continue to be hugely successful and oversubscribed thanks to
the dedication and organisation of our staff who make It happen. Skomer welcomed 152 volunteer5,
Skokholm 24 and Cardigan Bay Marlne Wlldlife Centre 117 volunteers. Across marlne and Islands that
equates to a massive 19,572 hours of volunteer Involvement during the 12 month perlod.
The marine team continues to represent the Trust and deliver a significant percentage of our people
engagement actlvity. Over 15,000 visltors came to our visitor centre in New Quay, over 24,000 people vislted
Skomer and Lockley Lodge and 370 stayed ¢)verni8ht on Skokholm Island.
• The Kittiwake colony counts that staff carried out at New Quay gave us a chance to check out Cardlgan Island
but we were concerned by the lack of Lesser Black Backed Gulls. WTSWW staff also completed the seabird
cliff-count5 on Midland island for NT Cymru.
A CBMWC intern represented the marine team at the Wildlife Trust Federation Conference, and interviewed
CEO CralB Bennet on sta8e.

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Floating Offshore Wind project Erebus has been delayed by l year, after the company responsible
declined to bid for a government licence but we dealt with requests for engagement and comment from two
offshore FLOW developers. Lisa Morgan (Head of Islands and Marine) contributes to several federation wide
marine renewables working groups, including floating and tidal development and comments on all asperts of
planning in the Celtic Sea from cable impacts to environmental monitoring plans.
We attended a meeting with RSPB about the new Biosecurity for Wales project (grant funded by NNF Round
21. This is being led by ex-WTSWW staff member Sarah Kay-Purdon and we are a delivery partner. The
projert now covers seabird SSS15 as well as SPA'S and will involve St Margaret's and Cardigan Islands in this
second phase. The conservation detection dog visited Neyland to check Skokholm work-party boat and
Skomer barge. Lisa became the team leaderfor the Haverfordwest hub.
We were part of the Pembrokeshire Marine Code review meeting in Pembroke Dock. We contributed content
for island maps and general seabird, seals and wildfowl and waders code. This will be useful in light of the
increasing number of queries and complaints coming in about marine recreational activities; includin8
coasteering and eco tour boats swimming with puffins.
In late March 2023 we found out that our Nature Networks Fund Round 2 marine bid had been successful. Lisa
Morgan and Sarah Perry worked on the £560k application that wlll fund much of our seabird and cetacean
monitorin8 and research work for the next 3 years and grant delivery 8Ot underway in April 2023. Year I
projerts Included Improved biosecurity at Lockley Lodge, speclallst boat klt for our island and CBWMC based
staff, boat servicing and storage improvements.
NNF2 Grant funding allowed the Marine Conservatlon Team to add acoustic monitorlng tethniques for Bottle
Nosed Dolphin to their existing photo-ID work, the only project of its kind in Welsh waters. The grant covers
boat time, acoustic deployment, staff and researcher time and interpretation and education activities linked
to the project.
• At CBMWC, we delivered weekty education sessions for the Nurture Group at Ysgol Uwchradd Aberteifi,
focused on species including dolphins, sharks and seabirds. The sessions were also developed to allow the
young people to improve essential skills such as literacy, numeracy& problem solving and teamwork. The
team delivered 9 weekly sesslons for the Year 7 Nurture Class111-12 year olds) covering various climate
change in the marine environment themed topics,
A Marine Conservation Intern was involved with the plannlng and dellvery of an event at the Senedd in
November 2023, as part of the project wide pesticide campalgn. She was responsible for designing the event
invitations, which were distrlbuted to all members of the Senedd, and in the planning of the event, travelllng
to Cardiff to meet with other project staff and youth forum members. The group held a drop-ln session to
discuss our pesticide-reduction initiatlve with Members of the Senedd in the Pierhead building,
In March 2024 the team welcomed a new marine conservation intern to the staff team based at CBMWC. The
internship will provide a paid opportunlty for a young person to receive training, and to increase thelr skills
and knowledge to become the next generation of marine ecologists, conservationists and environmentally
conscious aduhs.
Blrd Flu/HPAI
Lisa Morgan (Head of Islands and Marine Conservationl continued attending the regular Welsh Government
HPAI approach group meetings. Lisa also attended the first WG Seabird Emergency Expert working group-
set up as a result of the Black Headed Gull mortality events in north Wales, We also shared information with
other sites, eNGO's and universities.
During the season we worked with partners to develop a protocol for dealing with any bird carcasses. There
was no government/ NRW fundin8 for PPE or any commercial arrangements for carcass incineration and no
legal means to dispose of carcasses.
We attended a training session held by Animal and Plant Health Agency, with island wardens so that we are
competent to take Swab samples from dead birds for PCR testing and have test kits on both islands.
The situation continued to deteriorate in North Wales with mass mortality rising in Black headed gulls and
terns and some RSPB sites were closed.
io

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
• Over a 3 week period from 8 July the number of Guillemots collected by the local authorities alone was 1.060
for Pembrokeshire and over 500 for Carmarthen5hire. After a small number of Gannets tested positive on
Grassholm in late July, no further deaths were reported at the colony and no report from the Manx colonies.
We put out a joint press release with PCC and other eNGO's and recorded a piece for BBC World service
'Sclence In Actlon,.
• The Seabird Emergency Response Group was stood down by Welsh Government at the end of the breeding
season when most birds would have left colonies,
It was dlfficult to Judge the Impact of HPAI when our seabirds returned because of the terrible weather In
March. A couple of guillemots have washed ashore live, but likely a result of the rough weather.
By the end of this reporting period, HPAI prevalence in the UK was low but there are some signs It Is still
present with the recent death of a Peregrine and a Herrlng Gull on the Farne Islands from the sub type
H5N5, $0 we still need to be vigilant.
Hl8hli8hts from Skomer and Skokholm Islands
Skokholm hosted an Alder Flycatcher (an Amerlcan passerlne dropped In by the tail end of Hurrlcane Leel-
first for Wales and just the third for Britain.
Skomer recorded 142 bird species during the 2023 season. Cattle Egret and Glossy Ibls were both only second
island records.
Red-billed chough numbers hit record highs on both islands, 8 territories were conflrmed as beln8 occupied on
Skomer Island and 5 on Skokholm.
Llsa Morgan gave a talk about the work of WTSWW on the Islands to an open meetSng of the Dale and Marloes
peninsula Wl group. Around 30 people attended.
We hosted NRW visitor experience mana8er, Stephen Richards-Price on Skomer for the day to look at
revamplng the vlsltor centre and interpretation on the island. Thls was a con5tructSve day spent runnln8
through his previous audit and hearing ideas from staff. A plan will follow for work next year.
We dealt wlth lots of calls and emails about stranded Manx Shearwaters during fledging season and spoke to
several busine55es and campsltes about theSr Ilghtlng durln8 this period.
We attended a stakeholder meeting to discuss an increase in incidents of Grey Seal disturbance in 2023,
organised by PCNPA and attended by RSPB/NT and the rural crlme off Icers from Dyfed Powys Pollce. Several
Jolnt actions were agreed.
We worked with NRW staff at the Skomer MCZ to remap new access restrictions in Skomer North Haven, to
protect the growin8 colony of Gulllemots here. Marlne Code maps have now been reissued onllne, printers
are making signs to 80 on marker buoys on the water during the summer and the MCZ team have been
engaging with local boat companies and fishermen to inform them of the new voluntary codes.
• A grant application to Friends of the PCNP for £1,200 for new optics for our long-term volunteers on Skomer
was successful. The equipment now bein8 used on island.
We took our Monitoring Officers from NHLF to Skomer for the day (accompanied by Craig Bennet and Sarah
Kesselll and were able to tell them about our grant funded work, the issues we face and plans for the future,
We experienced higher than average no-sail day5 in both Julyl41 and Au8UStI6} with 6 from the 9 available
Saturdays cancelled.
Activities and events held on Skomer included:
o Guided walks Inon residential}- fully booked all season- 2 cancelled, 6 successful.
o Welsh Learnerfs guided walk (non residential) I cancelled, I successful
Shearwater Week- sold out 3x2 night Stays.
o Yoga retreat- excellent feedback received 2x2 niEht stays- sold out
o Young Birders Week - sold out with two groups staying for 3 nights each. Subsidised by the Nature
Networks Fund and Pembrokeshire Bird Group.
Black to nature - this event was also well received by the group and the 3 night stay on Skomer well
organised by Ceris. Accommodation and travel was subsidised by the Nature Networks Fund.
A residential visit by Avon Wlldlife Trust with excellent feedback
li

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Skomer closed tor the season on 30 September- a qulck tally gave us roughly 23,400 day vlsitors in 2023 and
just under 1,000 over-night guests. The Skomer Annual report and Bird report for 2022 completed and
published on our website
Th Wildl.
213 8rey seal pups born on Skomer by start of October, 10 more than the same time last year. Sadly, we were
informed that because of budget cut-backs, NRW is withdrawing funding for our Seals monitoring contract,
whlch has been going since the 1980$. We had a follow-up meeting with Skomer MCZ to discuss options for
minimal monitoring of a sample sites, but this has capacity lrnpllcations for staff with no additional
recruitment posstble without the grant. We also explored the involvement of 'year in industrf students from
Swansea Universlty to assist with scaled back fieldwork.
We had a number of meetln8s wlth JNCCIBTO and internally wlth Unlversity of Gloucestershire about the
Seabi¥d Monltorlns Programme and Skomerf5 ongoing Involvement as a UK Key slte and secured addltlonal
funding to ensure our costs are fully covered.
Bulldlng Recognltlon of our Role:
• We attended the Urdd Eisteddfod (Llandoveryl to hlghll8ht our conservatlon work, research, volunteerin8
actlvlties and to engage wlth a younger audlence. We were the only nature / conseNatSon organisation at
the event.
We attended the Royal Welsh Agricultural Show In Builth Wells to raise the proflle of our Trust, promote
mernbershlp, wlldlife friendly gardening and lo campalgn for a wilderfuture with the other Welsh Trusts.
We meet regularly wlth other Trusts In Wales to coordinate our communications and campaign work and to
share best practlce. All Welsh Trusts supported the Agrlcultural Bill and Members of the Senedd were
Impressed with the 3000 signatures generated In a week. We also support UK Wlldlife Trust campaigns such
as the 'No to Neonlcs, campaign.
• The 30 Days Wild Campalgn was very successful and we have recelved our hlghest number of sign up's at over
4,000, includlng 390 schools. The NHS partnership was new for 2023 and they supported the campalgn from
a national perspectlve.
Parc 511p was awarded wlth a Green Flag People's Cholce Award at the vlrtual ceremony. Thls was voted by
members of the publlc.
We worked wlth Valleys Reglonal Park and Brldgend Councll on thelr promotional campalgn whlch Included
Parc Slip.
• We represented the Trust and attractions at the Vlsit Wales South West Wales Tourism Forum meetings.
• We developed a new standard WTSVWI Interpretatlon template destgn to Increase consistency wlth our
reserve panel deslgns. Designls adaptable for indlvldual reser4e informatlon, maps and symbols.
We developed and ctrordinated our monthly V￿5ww e-newsletter to an audience of over 6,LXX) subscrlbers.
52.7% of subscrlbers are women and over 70% of subscrlbers are In the 45+ age cate80ry.
We launched our Skomer Island web camera appeal to ralse £5k to purchase new web cameras to allow online
Ilve streamlng vla YouTube.
We held a Wlld Words Poetry competitlon In partnership with BBC Radio Presenter and conseNatlonlst Dan
Rouse to flnd out what nature means to our audlence, thelr experiences with nature, and why nature Is
Important to them. There were 2 categorles - under 12 years old, and 12 to 16 years old, and the winner
received a signed copy of Dan's new book.
12

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Over the course of the year we were mentioned in 1,110 media articles and we delivered the following:
o Radio Intervlews: 4
TV Broadcasts: 89
o Local press: 186
o Regional press: 69
o National press: 65
o Web-based media: 613
o Features: 85
Some of our media highlights:
o Wild Isles series launched on Sunday 12th March and featured Sir David Attenbourough on Skomer in 2
eplsodes.
o Filming with lolo Williams at Melin Cwrt Nature Reserve.
o A new series of Weatherman Walkin8 was filmed with Derek Brockway and Llzzie Daly at Parc Slip and
Telfl Marshes Nature Reserves,
S4C fllmlng at Teifi Marshes in August.
o Lots of excitement and medla interest recelved regardlng the vlsltlng Waxwing's at Telfi Marshesl
More S4C filming thls time wlth lolo Willlams at varlous v￿SWw locations- Llangloffan Fen and Skomer
Island. Programme focus on effects on cllmate change on Welsh wildlife.
o BBC Radio Wales recordings on Klttiwakes for thelr serles on Red Llsted blrds In Wales.
Followers on our Facebook and X soclal medla accounts have remalned stable, but followers on Instagram
have increased by 20% over the course of the year. Bilingual social media posts are doing well, and we had
15,000 views on our Deaf Awareness month post.
Growin8 Our Resources
We have been successful with several grant applications this year, several of which had a very short
applicatlon window:
• Two grants from the UK Government through the UK Shared Prosperlty Fund; one focussed on urgent work at
the Welsh Wildlife Centre and one on the Islands of Skomer and Skokholm to help increase accessibility and
help reduce our carbon footprlnt. These were lust startlng at the end of this financlal year and had to be
delivered by December, so it was an interesting logistical challenge. The first tasks delivered were a new hot
water 5VStem for Skomer North Haven and new battery storage facility for Skomer farm.
Carmarthenshire Local Nature Partnershlp Is 8lvln8 £10,000 for two years towards our Red Squlrrels project,
funding staff time and capital costs and capital work on nature reserves in Carmarthenshlre. The Powys
Local Nature Partnership has funded work on the Brecknock nature reserves including a new entrance and
cattle pen on Ystradfawr and to increase accessibilityto the nature reserve for a local school.
The NLHF development grant started at the Welsh Wildlrfe Centre. Through the year funded by the project,
we are developing a programme of capital improvements for the centre, surroundlng bulldlngs and
infrastructure to improve accessibility and sustainability, and we are working with a consultant to engage
with new audiences and seeking their input to the capital works and to changes we can make to our offer, in
order to encourage repeat vlsits. For the first few months of the project we ran a tender exercise to appolnt
the capital design tearn and the audience engagement consultant.
We were accepted into the Habitat Scheme Wales that replaces Glastir in the interim period until the new
Sustainable Farming Scheme is introduced. However, the funds through the scheme are only 30% of the
funding we had from Glastir.
13

THE WILDUFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The first round of Nature Networks projects were completed and two projects in Round 2 received funding
and were started:
o The marine project focuses on the globally important populations of seabirds on our seabird islands and
bottlenose dolphins in Cardigan 8ay. Our bottlenose dolphin acoustic research is the only project of its
kind in Welsh waters. Using long-term acoustic recorder deployments we will determine the presence of
dolphins throughout the day at 5pecrfic sites. Recording dolphin signature whistles will allow us to track
individual dolphin movements at unprecedented spatial and temporal scales, inside and outside of the
SACS. Simultaneous acoustic and photo-identification Surveys will provide behavioral, social and life-
history data, providing valuable biological context for our acoustic detections. On the Islands we will
undertake annual monitoring of the internationally important breeding seabird populations on Skomer
and Skokholm Islands. The demographic data collected, including numbers, breedin8 success and adult
survival will allow the statutory nature conservation agencies and Welsh Government to evaluate the
condition of these colonies but also detect any changes in trends over the long-term. Our seabird
projects on Skomer are considered best practice examples of monitoring and Skomer is one of only 4 kev
sites contributing data annually to the UK Seabird Monitoring Programme. Data from the islands and our
cetacean work in Cardigan Bay is made publicly available and is a vital source of information for the
statutory nature conservation bodles when condition scoring features, assessing the imparts of marine
development and tracklng the impacts of novel threats like Avian Influenza. The projects also offer an
opportunlty to develop our growing volunteerln8 schemes and burgeoning youth engagement pro8rams,
We are excited to trial new Ideas and facilitate the active involvement of under-represented groups in
our work and have marine staff dedicated to our EDI vislon.
• The grasslands project will fund direct improvements to 11 designated grassland nature reserves and will help
us manage a network of 18 other grassland nature reSe￿e5. Semi-natural grasslands are important for
ecosystems 5ervice5, particularly connected with biological diversityi carbon storage, pollution control,
cultural heritage and crop pollination. The grasslands in this project support a wide diversity of plant species
such as Devil's-bit scabious, Dyerfs Greenweed, Whorled Caraway, Moonwort, Frog and Bee Orchid and
invertebrates including Marsh Fritillary and Brown Hairstreak butterflies. Our grassland nature reserves are
mostly close to local populations, so the project will allow us to make Ilnks wlth people not normallv
Involved in 8rassland conservation. As an organlsatlon we are learning that increasing partnershlp type
workln8 wlth grazlers rather than just letting the land Is the preferred way forwards- creatlng a network of
livestock keepers land welfare checkers from the local communltyl who understand our aims, have the right
livestock and are advocates for conservation and grasslands. Natures Networks 2 at Darren Fawr and Allt
Rhon8yr -concentratin8 on Allt Rhongyr at the moment and carrying out habitat mappin& no-fence collars,
fencing, and a change of grazier.
We also had a good year for fundraising:
o The Pen8elli Nature Reserve Appeal received over £25k in donations and wlth addbtional funds raised
from the Ecological Restoration Fund, we had sufficient money to buy the extension to this nature
reseNe. Unfortunately, the legal work has been severely delayed by the sellerfs solicitors and so we have
not yet completed on the sale.
o NRW put a freeze on their Nature Networks funding for NNR'S, which included fundin8 for the new
remote cameras and live feed from Skomer. The whole team worked together to launch an appeal to
raise the £4,5Crf) required to fund the urgent work and the appeal was successful.
o We were also grateful to our major donors for their generous support and Sarah Kessell (CEO) was very
pleased to bump into one of them when he visited Parc Slip.
14

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Managing Ourselves effectlvely
The Board Effectiveness Revlew was completed. Several changes were made as a result, Includlng appolntlng
an external. expert Chair for our Health and Safety committee and increasing the number of Trustees sitting
on the committee, and setting up a Conservation Committee comprising of a Trustee Chair, Trustees and
consepiatlon staff. One of the commlttees first tasks was to update the Reserves Acquisltlon Policy.
Mike Alexander trained all conservation staff in the production of management plans to an agreed format and
is mentoring staff as they update management plans for nature resetves. We have set a deadllne of 2027 for
the update of all IO0+ management plans.
Our project and financial management skills were commended by the NLHF team who consider us one of the
rnost efficient organisations they work with.
We are working with WCVA to gain an accredltatlon 'lnvestln8 in Volunteers, and over the course of this
financial year met with our assessor and staff to carry out an audit and write an action plan covering all areas
of working with volunteers. We have improved the Volunteering page on website and the volunteer sign-up
process.
The Tondu office had some refurbishment and our Finance Officer liaised with builders and bat experts. The
bats have been protected to the satisfaction of the bat expert, and later bat counts proved that the
populatlon was healthy.
• The new membershlp database is now working well and we are focussing on added features that wlll help wlth
recrultment, retentlon and managing donations.
The Welsh Chalrs and CE05 have been meetln8 to discuss ways of worklng together more efflciently and
effectively. We explored common problems with lack of capacity and reduced future grant funding and
identified some priority areas of work. Each CEO signed up to leadin8 a Task and Finish group to investigate
the prlorSty Issues and to develop some proposals for a way fo￿ard. Thls work was supported by staff from
RSWT.
Given the increase in mental health issues we had a staff training session with PAPYRUS on suicide prevention
and awarene5S.
Welsh Language - there are three levels of worklng 8roups that our staff attend: an Internal staff working
group, and all-wales group and an RSWT-led group.
Catrin Evans, Welsh lan8uaBe champion for the Trustees, chairs the staff and all-wales worklng groups. Work
has Included..
o Reviewing Welsh language use on all reser¥e/lnterpretatlon s18ns,
firming up the current Welsh Language'scheme, into formal pollcy
o supporting Welsh language events and activities
o establishlng a Welsh Language staff champlon and the champlon role
As well as the formal work, the all-wales group runs paned a sgwrs meetings - casual meetings to use Welsh
with colleagues and discuss Wales-wide policy.
Carbon and livestock emlsslons data contlnues to be sent to RSWT vla a spreadsheet from which they calculate
our carbon footprint each year. The figures show a downward trend, but it is difficult to compare data
across the first few years as the spreadsheet is refined, and new data is added. It is clear that we need
sIEnlflcant Investment In renewable energy In order to reduce our carbon footprint significantly, and thls Is a
focus of our current grant applications.
We continue to benchmark staff salaries and the employer pensions contribution against other Wildlife Trusts
and have made progress in improving both so that they are in line with the average across the Wildlife Trust
movement. This will help with staff retention and is important in valuing our staff for the excellent work
they do.
15

THE WILDUFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
EDI
Our EDI policy was approved by the Board. Rosey Grandage, our Trustee EDI Ambassador and Diana Clark
(Executive Officer) are working through our policies to update them in line with our EDI policy.
• A set of five foundational EDI courses were organised through the EDI team at R5WT and all staff and Trustees
were signed up. The trainin8 Started in February 2024 and will be completed by October 2024.
• The staff EDI working group continued to meet with Rosey Grandage to progress delivery of our EDI work.
This year, thi5 has included events and activities with specific groups with protected characteristics,
awareness-raising amongst the staff of specific groups, and a spotlight on case studies in our
cornmunications. For example, a focus on hearing impairment and deaf people one month included
signposting for staff to BSL courses, and a sign-language video by a Skomer visitor about his trip.
Our Heritage Lottery Fund development project at the Welsh Wildlife Centre incorporates audience
development work and we engaged a consultant to help us reach out to community groups that are not
currently well represented at the centre. This engagement work will continue through 2024.
FINANCIAL REVIEW
The results for the year show a 8roup surplus of £497,531 (surplus £169,660 20221231. This is a good result showlng
that we have to a large extent returned to more normal operations.
Income
Total income during 2023124 was £3.2m compared to £3.1rn In 2022123,
Trading income has Increased 18% on previous year due to the openlng of the café in Tondu forthe summer.
The islands has welcomed an increasing number of visitors to the islands, we generated over £400,000 of income
from landing fees.
Appeals, Donation and Legacies amounted have increased to £378,000 compared to £262,000 in the previous
year. This is due to a successful appeal for Pengelli Woods and an increase in legacy income.
Membership income has fallen slightly from £241,000 in 2022/23 to £235,000 in the current year
Grant Income has fallen slightly to £950,000 compared to £1,208,000. It is still our main source of income.
Expenditure
Expenditure has decreased from £2.8m to £2.7m due to slightly reduced grant activity.
Expenditure on charitable activities makes up almost 60% of total.
• Trading expenses have increase to £893,491 as trading has returned to more normal levels
Membership and fundraising costs have increased with increased costs of producing the membership
magazine.
Fund balances and reseThes
At the year end, unrestricted funds increased to £4,Im and restricted funds increased to £1.6m. Endowment funds
remain unchanged at £135,826. Total funds of the Trust increased to £5.75m.
Tradin8 subsidlarles
There has been an InC￿aSe in trading income at the visitor centres. But there are increasing costs of trading too so
profitability is reduced at the WWC visitor centre, We reopened the Parc Slip visltor centre for the Spring and
Summer but had to close in the Autumn due to staffing shortage5. The islands have seen increased overnight visitors
and accommodation has been in great demand in the puffin season. As a result trading income in DWT (Enterprises)
Limited for the financial year increased again to £789,000 from £590,000 in the previous year and generated
surplus of £179.000, most of which will be donated to the charity.
16

THE WILDUFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Investment polity
Funds will continue to be invested in low risk, interest bearing deposit accounts. Due to uncertainties we redeemed
our Investment In the Charitles Property Investment Fund in a prlor year. These funds have been relnvested In temi
deposits with varlous financlal institutlons.
Flnanclal Reserves Pollcy
The financial reseNes pollcy of the Trust is considered in the light of the main rlsks of the organlsatSon, There Is
contlnuing risk to our 8rant income due to uncertainties in the future. Therefore we have set up a number of
designated rese￿e5 In order for us to support and develop the charttles actlvltles. In addltion we have bullt up our
unrestricted rese￿e5 in order to provide a buffer to enable us to continue our work over the short term rf we suffer
a loss of grant Income. For a number of years we have been developing our strategy for Improvln8 the flnancial
position of the Trust and build a level of unrestricted reserves to malntaln 3-6 months running costs.
The Trust currently has reserrfes of £5.75m of whlch £4.Im are unrestrlcted reserves. We have free reserves of
£1,586,645 (£1,258,681- 2022/231. Therefore, we are meetlng our reserve pollcy to build our unrestricted reserves
to malntaln running costs and our focus Is to contlnue to develop our unrestrltted Income to improve and dlverslfy
our buslness for the future.
Rlsk Management
The Trustees have examined the prlnclpal areas of the Trust's operatlons and consldered the major rlsks arlslng In
each of these areas. In the opinion of the Trustees, the Trust has established processes and systems whlch under
normal clrcumstances should allow the rlsks to be Identffled by them to be mitigated to an acceptable level In Its
day-to-day operatlons.
The major r15ks the Trust currently faces and mStl8atlon are:
l. Avlan Flu- thls disease has had a severe impact on seabird Islands throughout the UK Including Grassholm, a
8annet colony close to Skomer and Skokholm Islands. Our Head of Marine and Islands has regular meetln8S
wlth partners In Wales to dlscuss the on8olng rlsk and mltS8atlon measures, should there be a dlrect Smpact
on our151ands. There is also a suggestion that the disease is startlng to affect marine mammals, so we are
also keeping a close eye on the situation at Cardigan Bay Marine Wildlife Centre.
2. Ash dleback - due to the hlgh number of woodland nature reserves in our portfolio, this imported dlsease
contlnues to pose a sl8nSflcant risk and flnanclal Impact and may impact on publlc access. Nature reserves
have been sur￿eYed and trees are belng dealt wlth on a rlsk-prlorlty basls.
3. Major Infrastructure-There are a growing number of major, renewable energy infrastructure projects on land
and at sea that could severely Impact wlldllfe and staff resources, especlally as we don't have dedlcated
plannin8 officers.
PLANS FOR FUTURE PERIODS
Our future plans are laid out in our Strategy 2020-2030 htt
www.welshwildlife.or
our-strate
Over 2024-25 we wlll continue to build detailed plans for delivering our 10-year strategy.
In particular we will:
Build the digital tools needed to deliverTeam Wilder across our whole area.
Develop the framework for ensuring our nature reseNes afe moving towards favourable condltlon by 2030.
Continue to develop our landscape-scale projects, focussing on the Celtic Rainforest in Pembrokeshire.
17

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Investigate ways to reduce the carbon footprint of our visitor centres.
Work with other Wildlife Trusts in Wales to improve our unrestricted income to grow our resources to deliver
our charitable objectives.
Continue with our EDI journey through training for staff and trustees and trialling inclusive events and
activities.
STRucfuRE, GOVERNANCE AND MANAGEMENT
The Charity was formed from the merger of The Glamorgan Wildlife Trust Ltd Ire8lStered November 1961, Charity
No: 200653) and The Wildlife Trust West Wales Ltd (registered May 1962. Charity No: 2279961. The Wildlife Trust of
South and West Wales IWTSWW) was registered with the Charity Commission for England and Wales on 8 April
2002; it is a company limited by guarantee (incorporated on 20 March 20021 and governed by Memorandum and
Articles of Association which were last amended on 14 September 2015. On I, April 2018 Brecknock Wildlife Trust
(registered Oct 1964, Charity No,. 2396741, merged with The Wlldlife Trust of South and West Wales.
The Memorandum and Articles of Assoclatlon gives the Board of Trustees responsibility for determlnlng the pollcles
and direction of the charity, and to govern the affairs of the charity. The Board of Trustees are also dlrectors for the
purposes of company law.
As WTSWW'S governln8 body, the Board of Trustees is ultlmately responslble for the Trust's activities. It is directly
accountable to the charit¢s members.
The Board operates a sub-commlttee, the Finance Committee, which has delegated powers and acts as the Executive
committee overseeing the runnin8 of the Trust, and has responsibility for detailed financial decisions and for making
recommendations to the Board, whilst the whole Board is responsible for overall financial scrutiny. The Finance
Committee reports to the Board after every meeting, which ensures complete transparency and full engagement of
all Trustees in all decislons. The Chief Executive and Finance Manager also attend the Finance Commlttee.
The Board of Trustees also receive reports from other commlttees: Health & Safety, Local Groups Forum,
Conservation Committee, Islands Conservation Advisory Committee, and the Equality, Diversity and Inclusion group.
There may also be a number of Task and Flnish Groups appointed as and when required by the Board who report
directly to the Board.
There are eight members of staff who make up the Senior Management Team ISMTI who also attend the Board
meetings at the invitation of the Board. The SMT are responsible for the day to day management of the Trust. The
majority of the Trust's work is undertaken by a team of staff, reporting to the Chief Executive who is accountable to
the Board of Trustees for achieving VdTSWW's aims and objectives and complying with Trust policies.
Arrangements for setting the pay and remuneration for the key management personnel and any benchmarks.
parameters or criteria used in settlng thebr pay
The charity has a Rewards and Remuneration Policy which details the 'total reward, approach under whlch all
aspects of workin8 for the charity are recognised. Prominence 15 8iven not only to remuneration and tangible
benefits but also to less tangible rewards which are important factors in employee engagement and satisfaction.
The policy sets out the factors and approach for determining the salary levels of all staff.
18

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The key management personnel who make up the Senior Management Team are..
Sarah Kessell
Margaret Drury
Llsa Morgan
Jon Cooper
Gina Gavigan
Dlana Clark
Rhodri Irranca-Davies
Megan Howells
Bethan Hopkins
- Chief Executlve Offlcer
Finance Manager
Head of Islands & Marlne
Membership Development Mana8er
Marketing Manager
Executlve Offlcer
Nature Recovery Manager
Wilder Engagement Manager {resigned March 20241
- Wilder Engagement Manager {started Aprll 20241
The total figure for pay of key management personnel is in the notes to the accounts.
Appointment, Induction and tralnlng of Trustees
Trustees are nominated and appointed by the membership. All Trustees must be members of the Trust. The Board
shall tomprlse of the Chalrman, Vlce-chalrman, Treasurer, who are all Trustees, and be made up of a mlnlmum of 6
and a maximum of 12 Trustees, The Board may also co-opt from time to time additional members possessing
speclallst skills, knowledge or expertise, as ht thinks flt.
Detalls of Trustees terms of offlce are lald out In the Memorandum & Artlcles of Association but in summary a
Trustee shall not be eligible to serve as a Trustee for more than 3 consecutive terms of 3 years. The Chair shall be
elected for not more than 2 consecutive terrns of 3 years each. At the Annual General Meeting one thlrd lor the
number nearest to one thirdl of Trustees shall retire from office.
The 21st Annual General Meeting was held online on Zoom on 16 November 2023. No new Trustees were
appointed. Following the AGM, the Board of Trustees reappointed Mike Alexander as Chair, stuart Bain as Treasurer
and Paul Culyer as Vice Chalr. During the course of the year Mike Alexander stood down as Chair and followin8 a
robust Internal recrultment process whlch started In March 2024, the Board of Trustees appolnted Paul Culver as
Chair and Rosey Grandage as Vice Chair in July 2024.
As part of thelr Inductlon, all Trustees are Issued wlth the charlty's key documents: Memorandum and Artlcles of
Association, Responsibilities of Trustees (Charity Commission), Code of Conduct for WTSWW Trustees, Annual
Report and Accounts, Corporate Strategy, Trust staff and management structures, Trust policies and other
documents and informatlon to enable new Trustees to gain a good understanding of the charlty and buslness.
At the first meeting of the Trustees followin8 the AGM the Chairman reminds all Trustees of their responsibilities as
Trustees and Dlrectors. Trustees attend 8-10 meetlngs per year, with occasional additlonal meetings and
involvement with Sub-committees, Task and Finish Groups or ad hoc Working Groups as appropriate. Trustees also
attend Development Days. They rnay also represent the Trust on other occasions. Trustees are offered the
opportunlty to attend external tralnlng courses and Open Day events organised by Royal Society of Wildlife Trusts
IRSWTI specifically for Wildlife Trust Trustees and staff. Since March 2020 the Board meetings have been held
online on Zoom.
Patron, President and Vice Presidents
At the Annual General Meeting the Trust members may, on the recommendation of the Board, also elect a Patron,
President and Vice Presidents, and they shall hold office for a term of 5 years and be eligible for re-election. At the
AGM on 161h November 2023 no appointments were made. No honorary appointments are being made until the
Board reviews the roles.
19

THE WILDUFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Related parties
The charity has a wholly-owned active trading subsidiary. DWT (Enterprises) Ltd (Company No: 02702793). It also
wholly owns a dormant subsidiary, Autumn Peaks Ltd {Company No: 032626901
It also operates three charities as inactive companies, Glamorgan Wildlife Trust Ltd (Company No: 00693495),
Wildlife Trust West Wales Ltd (Company No: 00728044) and Brecknock Wildlife Trust Ltd (Company No.. 00824844}.
In March 2022 the WTSWW Board of Trustees, following consultation with the Charity Commission, discussed
working towards closing the 'parent' charities Glamorgan Wildllfe Trust and Wildlife Trust West Wales. This work
continued in 2023124 and contact was sought with any remaining members of the parent charities to Inform them of
the Imminent closure of those charities and to asslst thern to transfer payments to The Wildlife Trust of South and
West Wales. The Charity Commission was kept Informed of progress.
The Trust has a close relationship with the other four Wildlife Trusts in Wales and the Wales Committee of Royal
Society of Wildlife Trusts IRSWTI, working together to develop their partnership, with staff expertise and
representation on national bodies shared throughout the Trusts. The Wildlife Trust of South and West Wales is
represented on the Wales Committee by the Chief Executive and by the Chairman. WTSWW contributed 35%_to the
overall WTW levy in the year 2023-24.
The Trust also works closely with the Royal Soclety of Wlldllfe Trusts IRSV4T) and all The Wildlife Trusts {TWTI, to
ensure that national Aims and Objectives are met, workin8 towards our joint vision of an environment rich in wlldlife
for everyone.
20

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMrrED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered name:
The Wildlife Trust of South and West Wales Limited
Also known as:
Wlldllfe Trust of South and West Wales
sv
Reglstered Charlty Number:
1091562
Re8lStered Company Number;
4398959
Trading subsidiaries..
DWT {Enterprisesl Llm ited
Reglstered Office:
The Nature Centre
Fountain Road
Tondu
Bridgend
CF32 OEH
Board of Trustees
Chairman
Treasurer
Vlce Chalr
Mike Alexander
Stuart Bain
Paul Culver
Mark Brian
Rosey Grandage
Shlrley Matthews
Mike Davies
Catrin Evans
Leonora Thomson
Jenny Hughes
Jess Moore
Lucy Grifflths
Resigned 19 February 2024
Appolnted Chalr July 2024
Resigned 5 September 2023
Appointed Vice Chair Jul 2024
Resigned 9 September 2024
W- Trustee of wrww
G- Trustee of GWT
B- Trustee of B
Chlef Executlve
Sarah Kessell
Company Secretary
Diana Clark
Prlnclpal Bankers:
Lloyds TSB
7 Victoria Place
Haverfordwest
Pembrokeshire
SA612JZ
21

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Solicitors:
Hains & Lewis
7 St James Street
Narberth
Pembrokeshire
SA67 7BZ
Auditors:
Azets Audit 5eNices
Cardiff Gate Business Park
Ty Derw
Lime Tree Court
Cardiff
CF23 8AB
22

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ndix I
23

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Responsibilities of the Board of Trustees
The trustees (who are also directors of The Wildlife Trust of South and West Wales Limited) for the purposes of
company lawl are responsible for preparing the Trustees, Report (incorporating the directors, report) and the
financial statements in accordance with applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102., The Financial Reporting St(3ndord opplicoble in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accountin8 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 charitable company and the group and of the income and expenditure, of the
charitable group for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting policles and then apply them consistentlyi
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the goln8 concern basis unless it is inappropriate to presume that the
charitable company will continue In business,
The trustees are responslble for maintaining proper accounting records which disclose with reasonable accuracy at
any time the financial posltlon of the charitable company and enable them to ensure that the flnancial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charltable
company 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 the corporate and financial Information Included
on the charitable company's website. Legislatlon In the United Kingdom governln8 the preparatlon and
dlssemlnatlon of financial statements may dlffer from le8islation in other jurisdictlons.
In so far as the trustees are aware:
there is no relevant audit Information of which the charitable company'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,
Audltors
Azets Audit Services were re-appointed as the charitable company's auditors durin8 the year and have expressed
their wlllingness to continue in that capacity,
Approved by the Board of Trustees on 15 October 2024 and 5i8ned on Its behalf by:
Mrs D Clark {Secretary>
24

REPORT OF THE INDEPENDEMf AUDITORS TO THE MEMBERS OF
THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
FOR THE YEAR ENDED 31 MARCH 2024
Opinion
We have audited the financial statements of The Wildlife Trust of South and West Wales Llmited (the 'parent
charitable company'} and its subsidiaries Ithe 'group') for the year ended 31 March 2024 which comprise the
consolidated Statement of Financial Activities, the consolidated and parent Balance Sheet. the consolidated
Statement of Cash Flowsand notes to the financial statements, including significant accounting pollcies. The
financial reporting framework that has been applied in their preparation is appllcable law and Unlted Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standord applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and falr vlew of the state of the group's and parent charitable company's affairs as at 31 March
2024, and of the group's incoming resources and application of resources, Including Its income and
expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit In accordance with International Standards on Auditing {U KI {ISAs IUKII and applicable law.
Our responsiblllties u nder those standards are further described in the Auditor's responsibilities for the audit of the
financial statement5 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'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evldence we have obtained is sufficient and approprlate to provide a basis
for our opinion.
Concluslons relatln8 to 8oln8 concern
In auditing the financial statements, we have concluded that the trustees, use of the golng concern basls of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identlfied any materlal uncertainties relating to events or
conditlons that, Individually or collectlvely, may cast significant doubt on the group's or parent charitable company's
ability to continue as a going concern for a period of at least twelve months from when the flnanclal statements are
authorised for issue.
Our responslbilltles and the responsibilities of the trustees with respect to goln8 concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the information included in the Report of the Trustees, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained
withln the annual report. Our opinion on the financial statements does not cover the other Informatlon and, except
to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information
is materially inconsistent wlth the financial statement5 or our knowledge obtained In the course of 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 this glves rise to a material misstatement in the financial
statements themselves. 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.
25

REPORT OF THE INDEPENDEKf AUDrroRS TO THE MEMBERS OF
THE WILDUFE TRusf OF SOUTH AND WEST WALES LIMITED
FOR THE YEAR ENDED 31 MARCH 2024
Oplnlons on other matters prescribed by the Companies Art 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustee5' report {incorporating the directors, report) for the flnanclal year for
which the financial statements are prepared is consistent with the financial statements. and
• the directors, report has been prepared in accordance with applicable legal requirernents.
Matters on which we are requlred to report by exceptlon
In the light of the knowledge and understandlng of the group and parent charitable company and its environment
obtalned in the course of the audit, we have not identified materlal misstatements in the dlrectors, report.
We have nothing to report in respect of the following matters in relatlon to which the Companies Act 2006 requires
us to report to you If, In our opinion:
• adequate accounting records have not been kept by the parent charitable company• or returns adequate for
our audit have not been recelved from branches not vhslted by us; or
• the parent charitable companWs financial statements are not in agreement wlth the accountin8 records and
returns. or
certain disclosures of dlrectors, remuneration specrfled by law are not made; or
• we have not recelved all the Informatlon and explanatlons we requlre for our audit.
Responslbilltles of trustees
As explalned more fulty in the trustees, responsibilities statement, the trustees (who are also the directors of the
parent charltable company for the purposes of company law) are responslble for the preparation of the flnanclal
statements and for belng satisfied that they glve a true and fair vlew, and for such Internal control as the trustees
determlne is necessary to enable the preparation of financlal statements that are free from materlal mlsstatement,
whether due to fraud or error. In preparlng the financlal statements, the trustees are responslble for assessing the
group's and parent charltable companws abllity to contSnue as a EoinB concern, dlsclosin8, as appllcable, matters
related to golng concern and usin8 the 8oln8 concern basis of accountlnB unless the trustees esther Intend to
Ilquldate the 8roup or parent charltable company or to cease operatlons, or have no reallstlc alternative but to do
so.
Audltor's re5ponslbllltles for the audlt of the financlal statements
Our objectives are to obtain reasonable assurance about whether the flnanclal statements as a whole are free from
materlal misstatement, whether due to fraud or error, and to Issue an audltorfs report that includes our oplnlon.
Reasonable assurance Is a hl8h level of assurance, but 15 not a Buarantee that an audbt conducted in accordance
with ISAS {UK> wlll always detect a materlal mlsstatement when it exlsts. Mlsstatements can arlse from fraud or error
and are consldered material If, Indlvldually or in the aggregate, they could reasonably be expected to Influence the
economic declsions of users taken on the basls of these financial statements.
A further description of our responslbllltles Is avallable on the Financlal Reporting Councll's website at:
htt
www.frc.or
Our-work
Audit
Audit-and-assurance
Standards-and- uidance
Standards-and- uidance-
for-auditors
Auditors-res
onsibilities-for-audit
Descri
tion-
dltors-res
onsibilities-for-audit.as
Thls descriptlon forms part of our auditorfs report.
26

REPORTOF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF
THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMITED
FOR THE YEAR ENDED 31 MARCH 2024
Extent to which the audit was considered capable of detectin8 irregularities, including fraud
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.
We obtain and update our understandlng of the entlty, Its actlvities, its control environment, and likely future
developments, including in relation to the legal and regulatory framework applicable and how the entity is
complying with that framework. Based on this understandlng, we Identify and assess the risks of material
misstatement of the financial statements, whether due to fraud or error, design and perform audlt procedures
responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our
opinion. This includes consideratlon of the rlsk of acts by the entity that were contrary to applicable laws and
regulations, including fraud.
In response to the risk of irregularltles and non-compllance wlth laws and regulatlons, Includlng fraud, we desS8ned
procedures which included:
Enqulry of management and those charged with governance around artual and potentlal Iltl8atlon and
claims as well as actual, Suspected and alleged fraud;
Reviewing mlnutes of meetings of those charged with governance;
Assessing the extent of compliance with the laws and regulatlons considered to have a dlrect material effert
on the financial statements or the operations of the entity through enquiry and inspection;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulatlons;
Performing audit work over the risk of management bias and override of controls, Including testing of
Jou rnal entries and other adjustments for appropriateness, evaluatin8 the buslness rationale of significant
transactions outside the normal course of buslness and reviewlng accountln8 estlmates for Indicators of
potential bias.
Because of the Inherent1Smltatlons of an audit, there is a risk that we wlll not detect all irregularltles, Sncludlng those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financlal statements, as we wlll be less Ilkely to become aware of instances of non-compllance. The rlsk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud mav
involve collusion, for8ery, intentional omissions, m isrepresentations, or the override of internal control.
27

REPORT OF THE INDEPENDEMf AUDITORS TO THE MEMBERS OF
THE WILDLIFE TRUST OF SOUTH AND WEST WALES LIMrrED
FOR THE YEAR ENDED 31 MARCH 2024
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 50 that we might state to the charitable companvs
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 charstable
company and the charitable company's members, for our audit work, for this report, or for the opinions we have
formed.
Katherlne Parkln
Senlor Statutory Auditor
For and on behalf of
Azets Audit Services
Chartered Accountants
Statutory Auditor
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8A8
Date: 4 November 2024
28

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(In¢orporatin8 the Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
Total
lunds
2024
Total
funds
2023
Unrestrlcted
funds
Restrlcted Endowment
funds
fund5
Note
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total Income and endowments
463,970
541,665
914,626
141,957
22,853
2,085,071
149,962
950,211
613,932
1,491,876
914,626
142,269
22,853
3,185,S56
504,064
1,664,128
776,426
71,392
54,486
3,070.496
312
1,100.485
Expendlture on:
Raising funds
Fundraisln8
Trading
Charitable activities
Total expendlture
227,960
893,491
766,599
1,888,050
4,494
232,454
893.491
1,614,259
2,740,204
303,551
639,063
1,881,997
2,824,611
847,660
852,154
Net gains/{losse51 on
Investments
Net Income/lexpendlture)
13
52,179
249,200
52,179
497,531
176,2251
169,660
248,331
Transfers betweenfvnds..
Net movement in fvnds
18
73,799
322,999
173,799)
174,532
497,531
169,660
Reconclllatlon of Funds
Total funds brought forward
Totalfunds carrledforniard
18, 19
18, 19
3,734,440
4,057,439
1,387,984
1,562,516
135,826
135.826
5,258,250
5,755.781
5,088,590
5,258,250
The statement of financial activities includes all gains and losses recognlsed in the year.
All incoming resources and resources expended derive from contlnuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.
The notes on pages 32 - 57 form part of the financial statements
29

THE WILDUFE TRUST OF SOLwfH AND WEsf WAIES LTD
BALANCE SHEET AS AT 31 MARCH 2024
Group
2024
Charity
2024
Group
2023
Charity
2023
Notes
Flxed assets:
Tangible fixed assets
Heritage assets
Investment: Quoted
Unquoted
li
12
13
13
79.997
2.011.972
628.607
78.175
2Jlll.972
628,607
40
116,480
2,011,972
576,428
115,667
2.011,972
576,428
40
2,704,107
2,720,576
2,704,880
Current assets:
Stock
Debtors
Cash at bank and in hand
49.164
251,361
3.149,755
3.450,280
35,199
285,902
2,717,725
3,038,826
14
443,798
2,786,011
3,229,809
466,132
2,390,026
2,856,158
Liabllltles:
Creditors: Amounts falllng due wlthln
one year
Net current assets
15
(415,079
3,035,201
(213,561)
3,016,248
479,957}
2,558,869
1316,249)
2,539,909
Total assets less current Ilabllltles
5.755,777
S,735,042
5,263,749
5,244,016
Creditors: Amounts fallln8 due after
more than one year
15,499}
(5,4991
Net assets
20
S,755,777
5,735,042
5,258,250
5,238,517
The funds of the charfty:
Endowment funds
Restrlcted incorne funds
Unrestricted Income funds
Deslgnated funds
Unrestricted Incorne funds
Fixed assets
Totsl charlty funds
20
18,20
135,826
1,562.516
135,826
1,562,S16
135,826
1,387,984
135,826
1,387,984
19
20
20
637,817
1,586.655
1,832,963
5.755,777
637,817
1.567.741
1.831,142
5,735.042
637,817
1,258,681
1,837,942
5,258,250
637,817
1,239,766
1,837,124
5,238,517
These fflnanclal statements were approved by the Board of Directorsnrustees on 15 October 2024.
Paul Culver
Chair
Company no.: 04398959
The notes on pages 32- 57 form part of the financial statements
30

THE WILDUFE TRUST OF SOUTH AND WEST WALES LTD
STATEMEMf OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Note
2024
2023
Net cash provided by operating activitles
23
331.063
46,576
CashflowsArom Investlng artlvitles..
Dividends, interest and rents from investments
Proceeds from the Sale of investments
Proceeds from the Sale of property, plant and equipment
Purchase of property plant and equipment
Net cash provlded by/ (used In) Investlng actlvltles
142,269
71,392
334,320
2,333
132,5181
375,527
13
li
16,618)
135,651
Coshflowsfrom financlng actlvltles..
Repayments of borrowing
Cash inflows from new borrowin8
Net cash used in financing activities
23
23
(34,684)
140,0211
(34,684)
140,0211
Change In cash and cash equlvalents In the reportlng perlod
432,030
382,082
Cash and cash equivalents at th• beglnnlng of the reportlng
perlod
2,717,725
2,335,643
Cash and cash equlvalent$ at the end of the reportlng period
23
3,149,755
2,717,725
The notes on pages 32 - 57 form part of the financial statements
31

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Legal form and address
The Wildlife Trust of South and West Wales Limited is a private company limited by guarantee
incorporated in England and Wales. The registered office is The Nature Centre, Fountain Road,
Tondu, Brid8end, CF32 OEH.
Basis of preparatlon
The financial statements have been prepared in accordance with the charity's governing document,
the Companies Act 2006 and "Accountin8 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 (FRS 1021 (effective l January 20191 The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The charity has availed itself of Paragraph 3 {3) of Schedule 4 of the Companies Act and adapted the
Companies Act formats to reflect the special nature of the charity's activities. No separate SOFA has
been presented for the charity alone as permitted by s408 of the Companies Act 2006.
Group financlal statements
The financial statements consolidate the results of the charity and Its wholly owned subsidiary DWT
(Enterprises) Limited on a line by line basis.
Company status
The charity is a company limited by guarantee. The members of the company are subscribers
paying a membership subscrlptlon. In the event of the charity being wound up, the Ilabllity in
respect of the guarantee Is Ilmlted to £1 per member of the charity.
Golng concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future, Cash flow
and budgets are monitored on a regular basls, thus the trustees continue to adopt the going
concern basis of accounting in preparing the accounts. Future plans and forecasts for the charity
aim to further increase the charity's unrestricted reserves.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in
the furtherance of the 8eneral objectives of the charity and which have not been designated for
other purposes.
Endowment funds are subject to speclfic conditions by donors that the capltal must be rnaintained
by the charity.
The capitalised value of the nature reserves transferred into the charity from The Glamorgan
Wildlife Trust and The Wildlife Trust (West Wales) have been treated as unrestricted fund5 by the
trustees.
32

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
Restricted funds are funds which are to be used in accordance with specific restrlctions imposed by
donors or which have been raised by the charity for particular purposes. The cost of ralslng and
admln15tering such funds are charged against the speciflc fund. The alm and use of each restrScted
fund 15 set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
Income recognltlon
Income is recognised when the charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has
been notlfled of the donatlon, unless performance condltlons require deferral of the amount.
Income tax recoverable in relation to donatlons recelved under Gift Ald or deeds of covenant is
reco8nised at the time of the donatlon.
Legacies are recognlsed on receipt or otherwise if the charity has been notified of an Impending
dlstribution, the amount is known, and receipt is expected. If the amount is not known, the legacv
is treated as a contingent asset.
Income consists of the involced value (excluding VAT) of goods sold/5upplied to third parties and
members.
Membership and Subscriptions income is credited to the Statement of Financial Activities in the
year In whlch they are due. Income received in advance is deferrÈd to the approprlate flnanclal
year.
Income from grants, whether 'capllal' grants or'revenue, grants, Is recognlsed when the charlty has
entitlement to the funds, any performance conditions attached to the grants have been met, it is
probable that the income will be received and the and the amount can be measured reliably and 15
not deferred. Capltal grants are released to the Statement of Flnanclal Actlvities in the year of
receipt. Fixed assets relating to capital grants are capitalised, and depreciation charged is offset
against the grant income, in a restricted fund.
Income from local groups, trading and nature reseNes is credited to the Statement of Financial
Activities in the year in which they are due.
No amounts are included in the financial statements for servlces and time donated by volunteers.
Interest on funds is included when receivable and the amount can be measured rellably by the
charity; this is normally upon notification of the interest paid or payable by the bank.
33

THE WILDUFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
Expendlture recognltion
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. All expenditure is accounted for on an accruals basis and has been classrfied
under headings that aggregate all cost5 related to the activity. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on the basis of staff
numbers within the activity which is supported,
Costs of raising funds comprise the costs in relation to generating income such as fundraising
activities.
Expenditure on charitable activities includes all costs relating to the furtherance of the charity's
objectives as stated in the trustees report.
Other costs comprise the costs In relatlon to the charity's trading subsidiary.
Governance costs are those incurred in the governance of the charltable company and Its assets
and are primarily associated with constitutional and statutory requirements.
Support costs are those costs incurred directly in support of expenditure towards the furtherance
of the charity's objectives and includes project management carrled out at the Trust offices.
Irrecoverable VAT is charged as a cost a8alnst the activSty for whlch the expenditure was incurred,
Taxatlon
As a registered charlty The Wildllfe Trust of South and West Wales Llmlted Is entltled to the
exemption from taxation in respect of income and capltal galns recelved with sections 478-489 of
the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the
extent that these are applied to its charitable objects, purposes only.
Taxable profits generated by DWT (Enterprises) Llmited are gifted to the charity under a deed of
covenant.
Fixed assets
Tanglble fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impairment losses or in cases where fixed assets have been donated to
the char5ty, at valuation at time of acquisition.
Fixed assets costing more than £1,000 are capitalised.
Fixed assets include 'new build, properties but renovation and restoration works are not
capitalised.
34

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES Icontinued)
Propertles are valued In the accounts as follows:
Freehold bu ildings
Welsh Wildllfe Centre
cost of acquisition (including legal and professional fees)
value at 1999 cornmercial value to The Wildlife Trust {West Wales)
as at 1st January 1999 (being £10,000 a year over a useful life of
20 years) taken as deemed cost on transltion to FR5102
Depreciation is provided on all tangible fixed assets at rates calculated to write-off the cost on a
stralght line basis over their expected useful economk Ilves as follows..
Freehold nature reserves
WWC & Vlsitor Centre: Teifl Marshes
Plant and equipment
Computer equipment
Motor Vehlcles
Project plant and equipment
over 20 years
over 5 years
over 3 years
over 4 years
over the Ilfe of the Project
Herltage assets
Heritage assets related to the charity's nature reserve are recorded at cost wlth no depreclation
being charged due to the assets having an indefinite life.
Nature reserves are valued in the accounts as follows:
Leasehold Nature Reserves
Teifi Marshes Nature Reserve
cost of acqulsltlon
value at 1999 Market Value by The Wildlife Trust {West Wales)
taken as deemed cost on transition to FRS102
cost of acqulsltlon
Other nature reserves
The heritage assets have been reviewed at the reportlng date with no Impalrment noted.
Investments
The charity owns 100% of the share capital of the DWT IEnterpri5es} Limited, the shares of which
are recognised at cost. A subsldiary Is an entlty controlled by the charity, Control Is the power to
govern the f inancial and operating policies of the entity so as to obtain benefits from its activities.
Flxed asset investments are initially rneasured at transactlon prlce excluding transactlon costs, and
are subsequently measured at fair value at each reporting date. Changes in fair value are
recognised in net income/lexpenditure) for the year. Transaction costs are expensed as incurred.
Stocks
Stocks are valued at the lower of cost and net realisable value. Net realisable value is based on the
estimated selling price after taking into account all further costs and exce5S Stocks that are slow
moving.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
35

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (contlnued)
Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party
to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and there is
an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price includin8 transaction costs and are subsequently carried at amortised cost using
the effective interest method unless the arrangement constitutes a financing transaction, where
the tran5attlon Is measured at the present value of the future recelpts dlscounted at a market rate
of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financlal assets
Financial assets are dereco8ni5ed only when the contractual rights to the cash flows from the asset
expire or are settled, or when the charity transfers the fina ncial asset and substantially all the risks
and rewards of ownership to another entity, or if some significant risks and rewards of ownership
are retained but control of the asset has transferred to another party that is able to sell the asset in
its entiretyto an unrelated third partv.
Flnanclal Ilablllties
Basic f inancial lia bilities, includlng creditors and bank loans are initially recognised at transactlon
price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operation5 from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or less. If not, they are presented as non-current Ilablllties. Trade creditors
are recognised initially at transaction price and subsequently measured at amortised cost using the
effective Interest method.
Derecognltlon of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
36

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those
costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's
services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to termlnate the employment of an employee or to provide termlnatlon benefits.
Penslons
The charitable company and its subsidiary operate a defined contribution penslon scheme. The
assets of the scheme are held separately from those of the charity. Payments to defined
contribution retirement benefit scheme5 are charged as an expense as they fall due and are
allocated between u nrestricted and restricted funds.
Operatin8 Leases
The charity classifies the lease of a franking machine as an operating lease. Rental charges are
charged on a straight line basis over the term of the lease.
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the appllcatlon of charlty's accountlng pollcles, the trustees are requlred to make Judgements,
estimates and assu mptions about the carrying arnount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experlence and other factors that are consldered to be relevant. Actual results may dlffer from
these estimates.
The estlmates and underlylng assumptions are revlewed on an ongolng basls. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revlsion affects both current and future perlods.
37

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
Restricted
funds
Total
2024
Total
2023
Membership subscriptions
235,650
235.650
235.650
235,650
241,567
241,567
Donatlons and gifts
Individuals
Appeals and events
Local groups
135,782
2,703
8,370
76,205
52,387
136,962
144,152
78,908
52.387
275,447
164,204
13,751
58,093
236,048
138,485
Legacles
NFry
M E Phillips
J Raum
S Graham
S l Leitch
E F Butcher
P Edwards
K Hudson
25,IX)O
25,000
3,000
851
1,000
10,000
13,394
49,590
851
(8801
10,000
13,394
49,590
26,829
500
26,449
89,835
13,000
102,835
463,970
149,962
613,932
504,064
38

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
Re5trlcted
funds
Total
2024
Total
2023
Conservatlon and education
Charitable trusts under £10,000
Charltable trusts over £10,000
Dow Corning Foundation
The National Lottery Heritage Fund
Local Government
Shared Prosperlty Grant
The National Lottery Community
Fund
Natural Resources Wales
PPL Foundation
S 106 Grant
WCVA- Volunteer co-ordinator
Welsh Government
Other
Income from nature reserves
7,834
7.834
15,000
16,000
76,467
49,648
16,000
56,900
123,251
26.841
16,000
56,900
123,251
26.841
99,318
20,758
66,161
187,810
99,318
20,758
66,161
187.810
124,541
104,531
112,136
807
709,190
345,338
345,338
541,665
541,665
541,665
1,491,876
455,808
1,664,128
950,211
INCOME FROM OTHER TRADING AcfiviTIES
Unrestrlcted
funds
Restrfcted
funds
Total
2024
Total
2023
Fundralslng Income
Trading activities (see below)
914,626
914,626
914,626
914,626
776,426
776,426
2024
2023
The Wildlife Trust of South and West Wales Ltd
DWT (Enterprises) Limited
125,141
789,485
914,626
185,511
590,915
776,426
39

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM OTHER TRADING ACTIVITIES l¢ontinued}
Commercial trading operations and Investment In tradlng subsidiary
The charity owns the whole of the Issued ordinary share capital of DWT {Enterprisesl Limited,
company registration number 02702793 a company registered in Wales. The subsidiary is used for
non-primary purpose tradin8 activities
namely the provision of holiday accommodation on
nature rese￿es, catering for visitors and the retailing of bought-in goods to visitors. All activities
have been consolidated on a line by Ilne basis in the SOFA.
2024
2023
Profft and Loss Account
Turnover
Cost of sales
Gross profit
Administrative expenses
Profft/(loss) for the financial year
789.484
(255,055)
534,429
(355,417)
179,012
590,912
{176,399}
414,513
{234,292}
180,221
Statement of Chan
eslnE
Balance brought forward
ILossl/profit and total comprehensive income for the year
Distributions to parent charity under gift aid
Balance carrled fonvard
uit
19,618
179,012
(178,008)
20,622
20,491
180,221
1181,0941
19,618
Balance Sheet
Fixed assets
Current assets
Creditors: amounts falling due within one year
Total assets less current liabilities
1,822
417,265
1398,465)
20,622
818
363,760
1344,9601
19,618
Called up share capital
Profit and loss reserves
Total equity
40
20,582
20,622
40
19,578
19,618
40

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM INVESTMENTS
Unrestricted
fvnds
Restricted
fvnds
Total
2024
Total
2023
Investment Income
Dividends receivable
Interest receiva ble
Rents receivable
43.855
40,537
57,565
141,957
43￿55
40W9
57.565
142,269
49,889
5,464
16,039
71,392
312
312
INCOME FROM OTHER SOURCES
Unrestricted
funds
Restrlrted
funds
Total
2024
Total
2023
Other Income
Proflt on sale of flxed assets
Insurance claim
Sundry income
583
1,390
20.880
22,853
583
1,390
20,880
22,853
333
29,516
24,637
54,486
41

THE WILDUFE TRUST OF SOUTH ANO WESTWALES LTD
NOTESTO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2024
EXPENDITURE
Ch•rlt•bleA¢tlvttles
UIR
Tradlng
UIA
UIR
Total 2014
Total 2023
Costs dlr•¢dy i11o¢ated to a¢tfvltleJ
Staff costs
Staff development
Membershlp costs
Admlnistraisve costs
Audlt lees
Bank char8es ajd Interest
Bad debts
Contractors and materials
Depreclatlon
Equlpment
Fundralslr¢8 Costs
Legal and profÈsslonil
Other cost5
Premises overheads
Promotion and advertlsln
Tradlng costs
Travel #nd vehltle runnlne cvsts
110,525
520
53.501
195
4A94
302,789
1,163
2,145
440,146
515
367,221
102
1,215,175
4,810
56,346
1354
7309
29,775
1,041.191
5,621
61.218
2,139
1,900
24,324
2.625
802,292
39,127
8,093
49,765
4,432
47.478
81,478
10,513
176,528
72.524
I,JiJ
6,500
14,942
709
1,732
95.620
24,461
IA90
>07.754
19,245
4,4)9
619
13,240
407,81>
31,461
14,730
64,851
129
1394
1,197
7,922
102
690SY
2,666
14h51
41
1.981
19.976
45.4J7
105,776
9,055
255,056
67,650
56,IlJ
415
155,056
1,511
54.310
2.557
42

THE WILDUFE TRUST OF SOUTr1 ANO WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 1024
EXPENDITURE I¢on¢inu•dl
Fundr•lsl
ChorltsbleActlvltles
UIA
Tridlnl
UIA
UIR
Totsi 2024
Total 2023
Supportcosts •llo¢ated to •dfvltles
Staff costs
Admlnlsiraiive cost5
Audlt lees
Bank char8es and lfiteresi
Depreclatlon
LeRal and profe55IonJl
OthertOSts
Prembes overhead5
Tr•vel •nd vehlcle rvnnln8 Costs
Wales parrnershlp support coJt5
Tot•1 r•sour¢•s •xp•nded
lJ,17
2,119
78.194
10,594
6,104
62,715
151.7
143.227
19,811
7,400
4,312
10.235
7,481
36,794
130,210
1,452
32,441
2,824.611
4.Ll83
1,287
1,156
1.99J
18.553
15,a21
12.208
5,218
4,640
7,481
46,381
113,302
2,223
33.533
2,740,ZQ4
322
464
741
4,6Jl
ii,Js0
222
3.553
227,960
3,741
23,191
56,651
iii
16,767
766,599
lJ,413
893,491
4N94
2024
2023
A¢¢ouMln8 4nd audlt leex
Auditor's remuneratlon
Fees In respect ol other serwlces
18.000
750
10,000
Governance costs In the year totalled £42,22512023.. £31,340I.
43

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY
MANAGEMENT PERSONNEL
2024
2023
Staff costs and trustees, remuneration
Wa8e5 and salaries
Social security costs
Penslon costs
1,230,371
100,085
51,560
1,382,016
1,046,207
77,545
46,785
1,170,537
One employee had emoluments of £60,000- £70,000 per annum durin8 the year12023: none).
No remuneration has been pald to any of the Charlty's trustees and no expenses have been
reimbursed to them12023: £136}. In the prior year one trustee carried out work and was paid £700
for the consultancy,
Redundancy payments totalled £Nil during the year 12023: £Nill. There were no amounts
outstanding at the current or previous year end.
Key management personnel
Total remuneration of key management personnel durin8 the year was £329,669 {2023; £299,914).
Pension
The charlty operates a defined contrlbution stakeholder pension scheme for its employees,
administered by the People's Pension, which is outside the control of the charity. At the year-end
there were 52 (2023: 52) employees who were members of the scheme. The balance outstandin8
at the year-end totalled £nil12023: £Nill
io.
STAFF NUMBERS
The average monthly head count was 58 staff 12023: 491 and the numbers of the full-time
equivalent employees (including seasonal and part-time staff I during the year was made up as
follows..
2024
2023
No
Fundraising and membership
Trading
Charitable activities
Administration
io
33
10
30
52
49
44

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ii.
TANGIBLE FIXED ASSETS
Grou
Welsh
Wlldllfe
Centre
Plant
and Computer
machlnery equlpment
Freehold
buildings
Motor
vehlcles
Total
Cost
At l April 2023
Additions in year
Disposals in year
At 31 March 2024
4,313
270.482
351,076
6,618
(117,3141
240,380
11,270
191,902
829,043
6,618
1136,244)
699.417
111.270)
17,660)
184.242
4,313
270,482
Depreclatlon
At l April 2023
Charge for the year
Released on disposals
At 31 March 2024
3,017
431
232,876
3,524
327,111
15,037
(117,314)
224,834
11,270
138,289
24,109
(7,660)
154.738
712,563
43,101
1136,244)
619,420
111,2701
3,448
236,400
Net book values
At 31 March 2024
865
34,082
15,546
29.504
79,997
Included in above
restrlcted assets
7.340
2.987
10,327
At 31 March 2023
1,296
37,606
23,965
53,613
116,480
Included in the above figures are fixed assets at a cost of £19,95412023: £18,330} and accumulated
depreciation charged at £18,132 12023: £17,513) relating to the charity's trading subsidiary DWT
(Enterprises) Limited.
45

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12,
HERITAGE ASSETS- Group and charity
Freehold
Nature
Reserves
Leasehold
Nature
Reserves
Total
Cost as at l April 2023
Cost as at 31 March 2024
1,901,412
1,901,412
110,560
110,560
2,011,972
2,011,972
Included in the above restricted assets
148,678
I￿,000
248,678
Heritage assets represent the cost of the charity's nature reseNes at the date of acquisition, which
are held in pursuit of its conservatlon objectives.
Five year summary
Freehold
Nature
Reserves
Leasehold
Nature
Reserves
Total
Cost at 31 March 2020, 2021, 2022, 2023 & 2024
1,901,412
110,560
2,011,972
46

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
INVESTMENTS-Group and charity
UK
listed
Investments
Shares In
Subsidiary
(charity
onlv)
Total
Market value at l April 2023
Dlsposals
Revaluatlon
Market value as at 31 March 2024
576,428
40
576,468
52,179
628,607
52,179
628.647
40
Acquisition value at 31 March 2024
628,607
40
628,647
Investments are represented bv:
DWT (Enterprlsesl Llmited Shares
Llsted Investments
Total
40
628,607
628,607
628,607
628,647
Charlty
Investment
Funds
Total
Market value 31 March 2024
628,607
628,607
Market value 31 March 2023
576,428
576,428
14.
DEBTORS
Group
2024
Charlty
2024
Group
2023
Charity
2023
Trade debtors
Grant debtors
Prepayments and accrued income
Amounts owed by subsldlary undertaklng
Amounts owed by subsidiary undertaking
Gift Aid
72.874
80,200
98,287
72,874
80,200
93,930
18,786
178.008
174,472
110,566
864
163,701
110,566
10,771
181,094
251,361
443,798
285,902
466,132
47

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2024
Charity
2024
Group
2023
Charity
2023
Trade creditors
Taxation and social security
Bank loans
Accruals and deferred income
Amount owed to subsidiary undertaking
167.621
48,152
1,813
197.493
129,270
30,646
1,813
51,832
203,312
47,906
30,998
197,741
177,179
30.3S9
30,998
72,938
4,775
316,249
415,079
213,561
479,957
Included In deferred income are deposits received in advance In relation to 5komer and Stockholm
Islands Whe￿ the visits will take place during the 2024125 financial year as well as 8rant payments
received in advance and deferred in accordance with the terms and conditions of the grant.
2024
2023
Balance brought forward
Income received in the year
Income released in the year
Balance carried forward
42,970
295,973
1134,855)
161,118
85,819
142,662
1185,5111
42,970
16.
LONG TERM LIABILITIES
Mort
At the date of the Balance Sheet, the trust had taken up the followin8 bank loans:
A loan from Lloyds TSB of £322,700 was secured against properties at Teifi Marshes Nature Reserve
in April 2004. The loan was for a period of 240 months at an interest rate of 1.5% Over Base Rate.
Bank
loan
Other
loans
Total
Le5S than one year
Between l and 2 years
1,813
1,813
1,813
1.813
The mortgage is secured by way of a flxed charge over certain assets of the charitable company.
48

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Bank
loan
Other
loans
Total
Less than one year
Between l and 2 years
17,298
5,499
22,797
13,700
30.998
5,499
36,497
13,700
17.
TRANSFERS BEfwEEN FUNDS
Durln8 the year the charlty match-funded some restrlcted funded prolects, These are shown as
transfers.
Some grants also funded the charit¢s overheads and these are shown as transfers.
49

THE WILDUFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
RESTRICTED FUNDS
Balance
asat
l April
2023
Balance
asat
31 March
2024
Transfer
between
funds
Income Expenditure
Restricted funds: Glamorgan
Betty Church Fund
Restrlcted funds: South & West Wales
Appeals and donations
Castle Woods
Dow Corning
Legacies
Local groups
Local places for Nature
Nature Reserves
Nature Networks Fund
Nextdoor Nature
Shared Prosperity Fund
Skokholm Appeal
Red Squirrel
Stand for Nature
Waterloo Trust- Islands
Welsh Government {PNCPA & ERDC)
WWC Development Fund
Restrlcted funds: Brecknock
Allt Rhongyr Fund
Bat group
BRARG group
Otter group
Pwll y Wrach Fund
40,650
40,650
235,389
8,465
84,576
(17,6621
302,303
8,465
16,000
13,000
S2,387
102,688
282,563
277,092
37,522
26,841
312
20.562
99,318
(16,0001
(23,2661
(63,4571
1101,7481
1130,3421
1225,389) (31,964)
122.067)
114,008)
144,953)
11,444)
615,153
72,488
604,887
61,418
940
297,908
11,040)
13.727)
119.556)
28,326
145,687
(20,779}
(5,174}
28,014
120,562)
192,478)
80,523
30,500
2,655
124,392)
62,971
30,500
2,655
(8,597)
68,246
19,378
168,246)
125,984)
11,991)
106,178
322
248
5,165
42,500
106.178
322
248
5,165
42,500
Total restrlcted funds
1,387,984
1,100,485
(852,154)
(73,7991
1,562,516
Restricted funds: Glamor
an
Betty Church
The Betty Church fund is a restricted fund for the maintenance and acqulsition of nature reserves in West
Glamorgan.
Restrlcted funds: South & West Wales
Appeals and donations
For specrfic projects run by the charity.
Castle Woods
For the improvement and maintenance of Castle Woods.
50

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
RESTRICTED FUNDS (Continued)
Dow Cornlng
Support from Dow Corning to enable employment of an Education Officer, working part-time at the
Dow Corning Cadoxton Ponds Nature Centre.
Legacles
Funds received for specific projects or activitles.
Local Groups
Local Groups funds are raised by various local groups for specific projects or activlties.
Local Places for Nature
Grants from Local Authorltles to support our work on specific projects.
Nature Reserves
General funds applied forthe protection and enhancement of our nature reserves.
Nature Networks Fund
Funds to support work on our nature reserves and Islands to enable us to build resilience and
sustalnable nature resen4es.
Nextdoor Nature
Fund from NLHF to engaging communities in undertaking transformational micro-projects to help
nature thrlve.
Shared Prosperlty Fund
Funds to support for existing shtes to improve to access and facilltles to improve access and
accesslblllty for vlsltors.
Skokholm Appeal
This fund represents grants and donations received for the purchase and future management of
Skokholm Island and Lighthouse.
Red Squirrel
Fund5 from Local Authorltles to support the protectlon of Red Squlrrels on our Nature reserve
Stand for Nature
To encourage and support young people to engage in activities to stand for nature and make positive
impact in their communlties and wlth the support of our staff to develop projects Sn their local areas.
Waterloo Trust- Islands
Funding from the Waterloo trust to support the on8oln8 work on the Islands.
Welsh Government
Funds received for ENWRaW projects and Glaistir grant scheme.
WWC Development Fund
Fund from NLHF to explore the future develop and enhancement of the WWC to investigate
improvements in accessibility and raise awareness of the Welsh Wildlife Centre for use In outreach
and engagement events.
51

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. RESTRicfED FUNDS (contlnued
Re5trl¢ted funds: Brecknock
Allt Rhongyr Fund
Monles recelved have been used to purchase land and will be held untll dlsposal.
Bat group, BRARG group and Otter group
These are funds held for species groups.
Pwll y Wrach Fund
Monies received have been used to purchase land and will be held untll disposal.
Previous
Balance
asat
l April
2022
Balance
asat
31 March
2023
Transfer
Unrealised between
8ain/loss
funds
Income Expenditure
Restrlcted funds; Glamor8an
Betty Church Fund
Restrlcted funds: South & West Wales
Appeals and donations
Castle Woods
Coastal Communitles
Dow Corning
Emergency grants
Green Connections
Green Recovery
Legacies
Local groups
Marine Wildlife Centre
Nature Reserves
Nature Networks Fund
Nextdoor Nature
Skokholm Appeal
Stand for Nature
HNLF- Healthy Reds
Waterloo Trust - Islands
Welsh Government IPNCPA & ERDCI
Restricted funds: 8recknock
Allt Rhongyr Fund
Bat group
BRARG 8roup
Otter group
Pwll v Wrach Fund
40,650
40,650
240,526
8,465
28,319
133,4561
235,389
8,465
26,376
16,000
(25,0101
(16,0001
(28,2881
(57,5381
11,366)
28.288
112,0791
{861
654,787
64,003
2,779
155,136
172,4151
69,617
86
500
58,093
807
266,229
548,007
25,011
58
124,541
51,456
119,9951 {20,1391
149,6081
13.5861
1275,6781
1472.8111
122.0131
{108,6481
{80,4381
146,7551
615,153
72,488
145,687
{20,7791
15,1741
28,014
80,523
123,5601
{8,1721
136,604
Ell,814
14,7011
30,5C()
3,846
124,3941
30,500
2,655
65,190
{66,3811
106,178
322
248
5,165
42,500
106,178
322
248
5.165
42,500
Total restrlcted funds
1,491,530 1,280,290 11,306,205) 120,139) 157,4921
1,387.984
52

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
DESIGNATED FUNDS
Balance at
l April
2023
Balance at
31 March
2024
Income
Expenditure
Transfers
Asset purchase reserve
Matched funding reserve
Income support fund
Reorganisation and
development fund
125,000
200,000
loo,000
125,000
200,000
loo,000
212,817
637,817
212,817
637,817
Asset purchose reserve
The asset purchase reserve fund Is to enable the charlty to purchase vehicles to asslst staff Sn
carrylng out work safely on the nature reserves.
Motchedfvndlng reserve
The matched funding reserve are funds deslgnated from general funds to provide match fundlng for
any shortfall on restricted fu ndin8 received.
Income supportfvnd
The charity anticipates that this will be a period where they will try to revive and develop aspects of
the charity and the fund will provlde support for thelr operatlons In the Interim.
Reorganlsotlon and developmentfvnd
The reorganisatlon and development fund Is to support the cost of addltlonal staff resources to
develop the charity's income generating capacity to provlde the resources to deliver the charity's
charitable objectives,
Previous
or
Balance at
l April
2022
Balance at
31 March
2023
Income
Expendlture
Transfers
Asset purchase reserve
Matched funding reserve
Income support fund
Reorgani5ation and
development fund
125,000
200,000
loo,000
125,000
200,000
100,000
212,817
637,817
212,817
637,817
53

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20.
ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS
General Designated
funds
funds
Restrlrted Endowment
funds
funds
2024
Total
Fund balances at 31 March
2024 are represented by:
Tangible fixed assets
Heritage assets
Investments
Current assets
Current liabilities
69,669
1.763,294
367,176
1,634,558
(415,079)
3,419,618
10.328
248,678
125,605
1.177.905
79,997
2,011,972
628.607
3A50,280
(415,079)
5,755,777
135,826
637,817
637,817
1,562,516
135,826
Pr
us
eor
General Designated
funds
funds
Restrlcted Endowment
funds
funds
2023
Total
Fund balances at 31 March
2023 are represented by:
Tangible fixed assets
Heritage assets
Investments
Current assets
Current liabilities
Long term liabilities
74,648
1,763,294
314,997
1,429,140
1479,9571
{5,4991
3,096,623
41,832
248,678
125,605
971,869
116,480
2,011,972
576,428
3,038,826
1479,9571
(5,4991
5,258,250
135,826
637,817
637,817
1,387,984
135,826
54

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21.
OPERATING LEASE COMMITMEfrirs
At the reporting end date the charity had outstanding commitments for future mlnimum lease
payments under non-cancellable operating leases, whlch fall due as follows..
2024
2023
Due in less than one year
22.
RELATED PARTIES
The charity owns the whole of the issued ordinary share capital of DWT IEnterprlses} LSmlted, a
company re8lStered in Wales, company number 02702793. The subsidiary is used for non-primary
purpose trad ing actlvities
namely the provlsion of holiday accommodation on nature reserves,
caterlng for visitors and the retailing of bought-in goods to visitors. All actbvltles have been
consolidated on a line-by-line basis into the Statement of Financial Activities.
Durlng the year DWT (Enterprlsesl Llmited covenanted £178,008 to the charlty12023: £181,094).
At the year end the charity owed £Nil12023: £4,775) to DWT (Enterprlsesl Ltd. At the year end DWT
{Enterprisesl Llmlted owed the charlty £196,79412023: £187,090). Durlng the year the charity
Invoiced DWT (Enterprises) Limited £40,31812023: £35,135) in relation to varlous recharges. During
the year DWT (Enterprises) Llmited invoiced the charlty £6,34512023: £4,616}.
It also wholly owns a dormant subsidiary, Autumn Peak Limited and also operates two charities as
inactive companies, The Glamorgan Wildlife Trust Limited and The Wildlife Trust (West Wales) Ltd.
The Trust has a close working relationship wlth the other wildlife trusts in Wales and the Royal
Society of Wildlife Trusts IRSWTI, workin8 together to develop their partnerships, with staff
expertise and representation on national bodSes shared throughout the Trust.
55

THE WILDLIFE TRusf OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23.
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO CASH FLOW FROM OPERATING
AcfiviTIES
2024
2023
Net Income for the reportlng perlod
497,531
169,660
Adjustmentsfor..
Depreciation charges
IGainsl/losse5 on investments
Dividends, interest and rents from investments
Lossllprofitl on the sale of f ixed assets
{Increasel/decrease in stocks
Ilncreasel/decrease in debtors
Increase/ldecreasel In creditors
Net cash provlded by operatin8 actlvltles
43,101
(52,179)
(142,269)
49,362
76,225
171,3921
13331
15,3691
1184,777)
13,200
46,576
(13,9651
34.541
(35,697)
331,063
Anal sis of Cash and Cash E
uivalents
Current accounts and notice deposits l< 3 months)
Total Cash and Cash Equivalents
3,149,755
3,149,755
2,717,725
2,717,725
Anal I fn
At l Aprll
2023
Cash
Flows
New
Asat31
Borrowlng March 2024
Cash
Bank loans falling due within one year
Bank loans falling due after more than
one year
2,717,725
130,9981
432,030
29,185
3,149,755
11,813)
15,4991
2,681,228
5,499
466,714
3,147,942
Previous
eor
Anal sis of net debt
At l April
2022
Cash
Flows
New
Asat31
Borrowing March 2023
Cash
Bank loans falling due within one year
Bank loans falling due after more than
one year
2,335,643
(32,9711
382,082
1,973
2,717,725
130,9981
143,5471
2,259,125
38,048
422,103
15,4991
2,681,228
56

THE WILDLIFE TRUST OF SOUTH AND WEST WALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24.
RESULTS OF THE PARENT COMPANY
As permitted by section 408 of the Companies Act 2006, the income and expendlture account of
the parent company is not presented as part of these financial statements. The parent company's
surplus for the financial period was £496,532 (2023: surplus of £5351,
25.
COMPARATIVE STATEMENT OF FINANCIAL AcfiviTIES
Total
funds
2023
Unrestrlcted
funds
Restricted Endowment
funds
funds
Income and endowments from:
Donations and legacies
Charltable activities
Other trading activlties
Investments
Other
Total Income ond endowments
417,152
470,808
776,426
71,334
54,486
1,790,206
86,912
1,193,320
504,064
1,664,128
776,426
71,392
54,486
3,070,496
58
1,280,290
Expendlture on:
Raising funds
Charitable activitles
Other
Total expendlture
278,861
600,482
639,063
1,518,406
24,690
1,281,515
303,551
1,881,997
639,063
2,824,611
1,306,205
Net 8alns/(lossesl on Investments
Realised
Unrealised
Net Income/(expenditure)
123,2841
132,8021
215,714
{21,636)
1,497
146,054)
144,920)
(31,305)
169,660
Transfers betweenfvnds..
Net movement infvnds
57,492
273,206
157,492)
1103,5461
169,660
Reconclllation of Funds
Total funds brought forward
Totalfvnds carriedforword
3,461,234
3,734,440
1,491,530
1,387,984
135.826
135,826
5,088,590
5,258,250
26. EVENTS AFfER THE REPORTING DATE
After the balance sheet date grant funding was received to fully fund the purchase of land at
Trellwyn Fach for a purchase price of £730,000.
57