Registered number: 04399827 Charity number: 1093702 WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WILDWOOD TRUST {A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details of Ihe Charlty, Its Trustees and Advisers Trustees. Report Independent Auditors. Report on the Financial Statements Consolldated Slalement of Financial Actlvltles 2-12 13-16 17 Consolidated Balance Sheet 18-19 Charity Balance Sheet Consolidated Statement of Cash Flows 20-21 22 Notes to the Financial Slatements 23-41
WILDWOOD TRUST (A Company Llmited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Dr S A Black Professor R A Griffilhs T J Murray ADLPrice AKWest J Worger (resigned 1 September 2025) Company registered number 04399827 Charity registered number 1093702 Registered office Wildwood Herne Common Herne Bay Kent CT6 7LQ Company secretary MrADLPrice Independent auditors Xeinadin Audit Limited, Stslutory Auditor Statulory Auditors 12 Conqueror Court Sittingbourne Kent ME10 5BH Page 1
WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019)- Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, Ihe Group Strategic Report required ol medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Acting Chair's Statement After two very economically challenging years for Wildwood Trust, l am very pleased to report that this year has seen a significant and much-needed financial turnaround for the organisation alongside continued progression against its charitsble objectives. Despite continued national economic pressures, which saw visitor attractions and the charity sector deeply affected by the cosl-of-living crisi5, Wildwood has still man3ged to succeed in moving from a deficit posilion to a surplus. This positive result is the direct oulcome of the Trust's financial turnaround strategy implemented at the 51art of the financial year. This Strategy was reviewed monthly and delivered through a wide range of small bul important initiatives and innovations across the Trust, enabling us to diversify income streams and manage our costs more effectively. Those particular efforts, combined with the unwavering loyalty and support of our members, donors and wider community, have slrengthen8d the Trust's finances and improved our long-lerm resilience. l extend my sincere thanks to our dedicated staff team, our exceptional volunteers, our loyal membership network, and our growing 'wilder' community. Withoul Ihe hard work of these people, and their commitment, and belief in Wildwood's mission, the charity simply could not thrive. Alongside this strong financial result, the Trust has made remarkable progress in delivering its charitsble objectives. This year has seen record activity across our conservation and rewilding programmes, with advances in established and emerging projects, involving scientific insighl, world-class practice and active partnerships. The Blean Bison Project continues to attract significant national and international interest. Its success is inspiring other organisations to consider European bison as ecosystem engineers for Iransforming landscapes within large-scale rewilding initiatives. Wildwood has been pleased to advise several prospective projects of this type over the course of the year. While the Bison are our most high-profile initiative, we have continued to deliver an impressively broad porlfolio of rewilding and conservalion programmes including new native species translocation and reintroduclion projects. Wildwood is currently working on 12 aclive native species reintroduction projects, more than any other organisation in the UK. Key highlight5 frotn this year include: Red-billed Chough.. Successful completion of the second year of releases in Kent. The birds have integrated into the growing flock, wilh more than len now flying wild in Kent's skies for the firsl time in over 200 years. This year also saw the first attempt at wild nesting from birds released in the initial year. Blean Blson: The herd continues to thrive. with further calves born this year. White-clawed Crayfish: Completion of the new breeding facility in Devon, with successful breeding achieved for release into newly established ark sites. The Devon ark site was completed this year, with introductions planned for next year. We also secured years of additional National Lottery Heritage Fund support for this work. Pine Marten: The South East Pine Marten Restoration Project progressed well, wilh feasibility and potential release sites under aGtive exploration. European Wlldcat: Eleven wildcat kittens were bred in our new facility created as part of the We15h Wildcat Page 2
WILDWOOD TRUST IA Company Limitsd by Guarantee) TRUSTEES. REPORT {COMTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Project, delivered in partnership with Durrell Conservation Trusl and the Vincent Wildlife Trust. This project aims to reintroduce vlildcals to Wales. Invertabrate Reco¥ery Centre: Planning commenced for a new Native Species Invertebrate Recovery Centre at Wildwo¢Jd Devon. Hazel Dornilce: Four dormice released through the natsonal reintroductson programme this year were bred in our park5. Key figures from the yèar illustrale the breadth of our impact.. 190,290 Vlsitors visited one of our parks 13138 Children attended one of our education courses 209 Adults attended one of eur conservation courses 12 Active Native Species c¢nsèrvation projects 30 Separate item5 of news coverage 331 M511ion Online reath a¢ross social media and news Olrtlets Thege achievements reflect an organisation delivering meaningful conservation QLrtcomes while inspiring and angaging the public al scale. I would like to conclude wtth an appeal to our members and supporters: if you are abk, please consider making a donation to Wildwood Trust. Your support is essential in helping us Continue our vital work lo protect, restore and rewikl Britain'3 mOSt threatened specie3 and habitats. Yours faiihfully, Dr S A Black Acting Chair of Trustees Wildwood Trust Objective¥ and activitieg Pjlisslon Protecting, Conserving & Rewilding British Wildlife Page 3
WILDWOOD TRUST (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 (continued) Vislon To bring the joy of British Wildlife to the publiG through enriched and natural, immersive animal exhibits and effective engagement with our visitors and members. To inspire through education, communication and training the understanding and practical conservation British wildlife. To operate commercially sucGessful visitor centres that generate funds lo support the charitable mission. To lead in native species conservation and rewilding programmes. To reverse the loss of biodiversity. To support research that furthers our mission. To advocale for policies, economic systems and lifeslyles Ihat promote rewilding and the enhancement of ecosystems. The Mission and Vision are achieved through the Strategic Plan. The most recent Strategic Plan sets out the key strategies for the Trust identifying and implementing the activities and decisions that will enable us to achieve our mission and work towards our vision. The Key Strategies are.. Improving the visitor experience. (Vision points 1, 2 and 3) Prioritised infrastructure development. (Vision points 1 and 3} Development of Wildwood's base and network of members and supporters. (Vision points 1, 2, 3, 4 and Expansion of Wildwood membership. {Vision poinls 4, 5, 6 and 71 Extending and developing Education and Training. (Vision points 1, 2, 6 and 71 Significantly increasing the positive impact of our conservalion work. (Vision Points 4, 5, 6 and 71 Improving staff team-work and communication. (All Vision points) Communicating our achievements to the public. (All Vision Points) Building partnerships and relationships with key organisations. (Vision points 4, 5, 6 and 7> Enhancing Wildwood's reputation as an organisalion and as a leader in conservation and rewilding. (All Vision Points) Continuing to actively seek opportunities for future additional Wildwood siles. (All Vision Points) 10. Values Wildwood Trusvs Values set out how we work with each olher inside the trust and with those outside Ihe Irust. We are passionate about British Wildlife and its prolection. We inspire people to care about and to feel connected to the natural world and to understand its history and its practical conservation. We value our employees and volunteers, nurturing their development and wellbeing. We value professional partnerships and collaborations to achieve our mission We strive to engage with every visitor to Wildwood and encourage their support of the mission. We are ambitious in our plans to make a positive, measurable difference to British Wildlife. Achievements and performance Key perfomiance indicators The trustees continLfe to develop Wildwood's Key Performance Indicators I'KPI'I, which were titled Executive Information System. That system is a new tab on the monthly Managemenl Information Pack. It focuses on six key strategic areas, with listed objectives.. Finance- generate sufficient funds to support the mission Process- grow the trust in reputation and infrastructure Page 4
WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance (continued) (continued) Customèr- grow trust membership & supporters lo improve the visitor experience People- build and retain a skilled team of employees that value and enjoywhat they do Conservation - to lead rewilding and the conservation of nalive species Education - to inspire and educate children and the public. The regular Irustee sub-committees, in particular the Operations sub-committee ("OSC"). review the KPIS two- monlhly, alongside the monthly management reviews by the Finance sub-committee {"FSC"). Public Beneflt Wildwood Trust is a leading indepèndenl conseNation charity which addresses threats to nature. We do this by promoting ecological processes to restore habitats, education in nature conservation and delivering real conservation of our native fauna and flora. We also promote and support relevant scientific research and projects. The Trustees of the Wildwood Trust have taken account of the Charity Commission's guidance on public benefit. We have considered how our planned programme of work will consistently contribute to the charity's aims and objectives. Our main areas of charitable activity are detailed throughout this report. Trustee Team Wildwood Trust is fortunate to have access to a broad spectrum of knowledge, skill and expertise in its Trustee Team. These skills help Ihe Wildwood Trusl through a highly capable governance structure. One third of the trustees retire each year in accordance with the Articles of Association, but those retiring ar& eligible for re*lection. Trustee Induction and Development Trustees are regularly provided with internal and external information relevant lo the Trusvs govemance and performance and are welcome to make visits to our parks throughout the year. Volunteers Volunteers provide a hugo support for the Wildwood Trust. They work at all levels of the organisation,. playing a vital role in keeping the park in top condition, engaging our visitors, helping deliver our conservation efforts and looking after our focussed collection of British wildlife. Page 5
WILDWOOD TRUST (A Company Llmlted by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfonnance (continued> (continuèd) Community Engagement The Wildwood Trust has formed partnerships with local schools, colleges and universities, thus enabling students to enhance their skills. knowledge and employability. The Conservation and Keeper departments provide long term opportunities for students completing degree level industry placements. Wildwood's Gold Membership Scheme is aimed al disadvantaged groups and special needs schools and offers free access lo the park to over 10.000 local people from over 100 participating organisations. Charitable activities The Trusl has continued an effective delivery of its charitable objectives. We delivered on our charitable objectives by.. Increasing our ability to eduGate people about British wildlife Expanding our training programme, teaching skills to volunteers, trainees and professionals in nature conservation Investing resources in practical nalure conservation schemes that protect endangerod species Continuing our involvement in habitst management programmes on local areas of nature conservation importance Entering inlo a partnership with Kent Wildlife Trust to deliver a range of conservation and rewilding projects across Kent over the next 3 years. Conservation The Conservation & Rewilding Strategy has eight objectives, each of which has explicit links to the Vision Statements listed in the 'Wildwood Business Plan 2019-2025,: Objective 1 Engage, excite and inform the visitor about British Wildlife ConseNation and the restoralion of landscapes and ecological processes. Objective 2 Train and support Conservation Practitioners in order to develop the necessary skills and expertise to conserve, manage and breed Wildwood focal species. Objeclive 3 To lead on and influence best practice husbandry slandards for species within the ICP and to produce BPG'S for species whose breeding programmes are coordinated by Wildwood Trust. Objective 4 Collaborate with partners to underlake scienlific research to improve knowledge and understanding of socio- ecological requirements of threatened native species. Objective 5 To expand and develop partnerships with like-minded organisations to help deliver our conservation and rewilding objectives linked to the reinlroduction of keystone species and restoration of habitats_ Objective 6 Develop the ICP for Wildwood that encourages cross sociely Gollaboralion and enables conservation breeding and reintroduction of focal species. Objective 7 Provide leadership, advocacy, policy advice and demonstration projects in areas relating to green technologies and sustainable lifestyles. Objecllve 8 To raise the profile and reputation of Wildwood as a leader in the field of British Wildlife Conservation and Page 6
WILDWOOD TRUST {A Company Llmlted by Guaranlee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance (continued) (continued) rewilding. Notable achievements 2024-2025 in accordance with the above stralegy: Objective 1= In addition to visiting our two wildlife parks in Kent and Devon, we have engaged in a wide variety of public engagement events and activities focussed upon our native wildlife and its complex and diminishing habitats. Conservation staff have delivered talks and presentations to local interest groups, worked with local communities tr) set up citizen science projects monitoring small mammal populations, and developed free online resources and workshops for schools to inform, excite and enable human-wildlife coexistence. Wildwood has also worked closely with many media platforms including TV reports about Wildwood's many projects. ObjeGtive 2- Wildwood continues to offer both online and in-person conservation courses to both the general public and conservation professionals. Work includes training ecological consultants and undertaking mitigation work for water voles during habitat restoration work. Wildwood annually offers conservation student placemenls to ensure graduates have experience working within the industry. Objective 3: Wildwood continues to lead on and influence best practice husbandry standards for native species working wilh partners to ensure standardised methodology is used. We have worked with like-minded organisations to share rnonitoring method5 for species including pine marten and harvest mice. The latter has informed a National survey methodology that is ongoing. Building upon work initiated at Jersey Zoo, we have developed husbandry guidelines for the breeding and conservalion translocalion of the red-billed chough. Objective 4.. Partnership work underpins much of Wildwood's conservation aclivity and collaboration with academic partners ensures our Gonservalion objectives and actions are eviden-based. We work with a large number of universities and museums to gather and analyse data that fills knowledge gaps and improves our ecological understanding of our focal species and their habitat requirements. Partnerships with other organizations also help us to identify SOGiO•eGonomic barriers to species recovery such as human perceptions of missing species. We have collaborated lo investigate human perceptions of beaver and red-billed chough reinlroductions. Academic partnerships include Natural History Museum, the University of Kent Biosciences Lab, Royal Holloway University, Manchester Metropolitan University, Nottingham Trent University. the British Herpetological Society and Canterbury Christ Church University amongst others. Objective 5: Wildwood has expanded and developed partnerships with like-minded organisations to deliver our rewilding objectives of species reintroduction and the restoration and reconnection of important habitats. Wildwood delivered a feasibilily report on a woodland ecosystem restoration project in Cumbria and worked with project partners to scope for suitable release sites for wildcat5 Outside of Scotland. Wildwood worked closely with project partners Paradise Park, Kent Wildlife Trust. and English Heritage on community and landowner engagement relating to the reintroduction of the red-billed chough into Kent. Well-estsblished parlnerships with the People's Trust for Eridangered Species and ZSL have also been expanded to enable the conservation breeding for further reintroductions of the Hazel dormouse. Objective 6.. Wildwood works across the organisation to regularly review the species within the parks to make the best use of the expertise and faciltties to the benefit of threatened native species. The species plan for Wildwood identifies the role of each species as either conservation. education, or research and the document is reviewed three times per year. Following a scoping discussion with conservation organisalions in Devon, Wildwood identified a role of conservation breeding for the White-Glawed crayfish and we developed a project to help the threatened population in Devon and Somerset. Objective 7: Wildwood sits on a number of advisory groups thal aim to advise and influence legislation and policy to increase biodiversity and offset the effecls of climate change. These inclLJde the East Kent Beaver Advisory group and the Large Herbivore Working Group. These groups are set up to help resolve legislative barriers to implementing conservation and rewilding projects. Wildwood is also a member of BIAZA,. the British and Irish Association of Zoos and Aquaria is a professional body representing the best zoos and aquariums in the UK that has Ihe capacity to lobby for relevant legislation and policy. Directors of Wildwood have worked closely with BIAZA and were represented al an All Party Parliamentary reception. Page 7
WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance (continued (continued) Objective 8: Wildwood continues to raise its profile as a leader in the field of native species conservation and rewilding. In collaboration wilh partners we have engaged global audiences in high profile ecosystem restoration projects using Keystone species and have worked closely with policy makers and legislators to return missing species back into our landscape. From managing native species studbooks, to conservation project media launches and TV coverage, Wildwood is at the forefront of species reintroduction (which drives habitat restoration), conservation breeding and protection. Wildwood is a member of BIAZA and staff members sil on Native Species Working Groups and the Reintroduction Advisory Group sharing expertise and best practice. Education The Education departments are doing well despite the ongoing cost of living crisi5. We are continuing to welcome returning schools and groups as well as new ones. New workshops, activities and events have been added to both park'5 programmes, diversifying our offerings and generaling new income streams. Our Kent site is delivering new holiday and loddler clubs. In addition, our other infomial activilies such as junior zoo keeper and night tours are continuing lo run regularly. Many of the existing workshops have been revised and updated and have received excellent feedback. New workshops and tours have been developed such as the Health & Wellbeing tour. This year at our Devon site the team have continued to make more activities available for those outside of our formal education programme such as running regular night tours, small mammal surveys skills courses. and foraging courses. Support Wildwood received considerable funding this year from a range of individual supporters, charilable trusts and foundations. Government funding to help us through the pandemic closures is now, thankfully, being reduced. The totals received in this financial year were- Charitable trusts and foundations: £469,451 General donations £116,430 Wildwood is greatly appreciative for this support, which enables the protection of British wildlife. Financial posltion The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements ofthe charity for the period ended 31 March 2025. The trust is well supported by its members and aclively claims gift aid to maximise donations and membership income. This steady income stream is vital in allowing the trust to support the costs of the animals and park. From the unrestricled reserves, the Trustees have approved the designalion of= £1,250,000 for a contingency fund to protect the charitable activities in the event of prolonged park closure Each designated fund is reviewed annually to ensure its continuing relevance. These are detailed within the accounts. Financial review Page 8
WILDWOOD TRUST (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance (contrnued) Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate reSoUrS to continue in operational existence for the foreseeable future. For this reason, they Gontinue to adopt the going conrn basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Honorary Treasurer's Statement Beiween April 2024 and April 2025, the UK economy continued lo experience sustained inflationary pressures, rising household costs, and constrained consumer spending. These conditions have presented significant challenges for the charity seclor as a whole. Operating costs increased across the board, while many individuals and families had less discretionary income to spend on charitable donations or days out at attractions such as Wildwood Trust. In this contexl, the delivery of charitable objectives while maintaining financial stability required a careful, strategic, and proactive approach. l am pleased to report that, despite these challenging conditions, Wildwood Trust achieved a surplus of £145,714 for the year. This surplus comprises an operating loss of £14,172 and a positive movement in restricted funds of £159,886. This marks a significant turnaround following two conseculive years of financial losses and reflects the resilience, commitment, and ingenuity of our staff, volunleers, Trustees, and supporters. At the start of the financial yèar, the Trustees and Executive agreed a comprehensive financial turnaround strategy. The purpose of this strategy was to address rising cosls, diversify and expand income streams, and establish a sustainable financial trajectory for the Trust. The strategy was reviewed regularly throughout the year to ensure effectiveness and agility. Across the organisation, a programme of iniliatives was implemented, focusing on both cost management and income generation. Key aspects of the strategy Included: Revenue Diversificalion.. A range of new initiatives were trialled across the Trust, from commercial activities to charitable fundraising campaigns. Successful projects were expanded and refined, while those that did nol meet expectations were discontinued. Marketing and Digital Innovation= The introduction of a refreshed marketing and digital plan strengthened Wildwood's visibility and engagement with the public, supporters, and potential donors. This conlributed direclly to increased commercial and charitable income. Cost Control and Operalional Efficiency: Close moniloring of operational costs across all departments enabled the Trust to achieve efficiencies without compromising its charitable delivery. The results of this strategy have been highly encouraging. After several years of relatively flat income, both commercial and charitsble income streams increased, contributing materially to the surplus. At the same time, rigorous cost control and careful financial oversight enabled the Trust lo deliver a positive operating performance. While the economic environment remains ¢hallenging, the strategic changes implemented by the Trustees and Execulive have reversed the downward trend and positioned the Trust on a sustainable financial path. Looking ahead, thè year to April 2026 is expected to present additional challenges. Increases in Employers. National Insurance contributions and the National Minimum Wagé will place further pressure on operational costs. Against this backdrop, maintsining a flexible and responsive approach lo income generation will be essenlial. Key areas of focus will include continued development of digital fundraising, expansion of inGorne- generating inilialives, and stricl management of costs across the organisation. Despite these challenges, Wildwood Trust continues to deliver exceptional charitable outcomes. The organisation remains al the forefront of native species reintroduction and conservation in the UK, with 12 aotive projeds undetway, alongside education and community engagement inilialives. The resilience demonstraled Page 9
LDWOOD TRUST {A Company Llffllted by Guarantee) TRUSTEES. ItEPORT {CONflNUÈD> FOR THE YEAR EMDEO 31 MARCH 2026 oiiar the past yBar provides ¢onfidentr Ihatthe Tfu is we1kposiQA@d to maintaift and ?xpand its iMpacL vthlle .sefeguarOing long-ierm financi81 stabillty. I would Nke to lake thls oppornty 10 extend my sincere thank8 to au staff. velunteer5, Tru8tee% rnembets, and supporters. Your d8(flcalion, expertise, and ¢ommltfftent have been pivot81 iry securing this yeafsftnantsal success and ensur.lng that Wildwood Trust continue5 to thrlve. dalwerlng yiia ¢on6rvation and educallonal outwmes. AD LPFiCe H(thor¢ry Tfe89Jrer ReseTVU Pollcy Wik4>3 T.Nsfs SErVeS poliGy i& to rnwntoln suffioient contingenGy fvTrdlng to en3ble operating activities tobe aÉnl8inad, takn'n¥ aecount of potential risks and evènlualities that may arisè from time b tsme. The 1$ reviewed annu8lly by the Trustees.. The charity has overall In¢rÉas¥d le8ery In tha year by £14S,714, wlth aft In¢m£è..in feslrlcted funds.of. £159,888 and a (JecTrase in unft8triotèd funds of£14,172. The Iru8t¢es 8 happy with the IuDd$ as Ihe are sufficionl ttingencY for oper8tiDg adlviliBs. PtJndpAI rtsks and un¢iJrtolDttg9 The.Tfugtees are s8tis16d that the eXeti team have 8s86ssedth8 rh91or risk6. Itj whth tho tharityls eXF¢sed and have establlshed systems to mlligale th058 iisks, These prJure3 are peri¢<llc81ty reviewe410 ensuré ttt Ih8y slll meet the ngéds of the cherity. Risk management is an intsgrated part oFaU org8ni$atlonai ectlwtles and vocedUr havé beeh eslabllshad for the moniloTing and mibg8tion ol ri. As part of annual inwrance ¥law. Ihe 4nsurefS ¥equlre complellon of a rl¥k gupstna}re, whith if con51d¥red inadeqy8te would result in refvsal of cover or Iwè36ed premiums. The trust's appr08th Is to manage nsks rathor than to alk)w th9m to overtaxo 11. InspoCtIor uDder th? zoo Iwr o eXn]lle n8kB ond preparedness. In Ixrtb gr989. the lrtfsi has found to be impl8rnonlh)g bèst Pfxti Prlnclp41 rlgk8 and uficertalntles detslled contlnulng.unceitsintiey an$ing. fr) Ihe or¢oirg imp3cI on wsitor tl1mr¥ Elue lo the CowÈ$19 pandemic; Uncertainty impgcting on the trust rel8lmg to an outbreak of animal dseasfrof esc8P8', Weather"impacts lo enviroTrthent, infrastruGturè and surface water., changgs.ln the 8¢onomic environment. Cyborsèeurtty ant Data'Prot&Xit)n". edth and Saty Tt¢ tst 18 also tpnO0.us ofthe fin4fs¢iallmp8¢tDPthe risks'and rlves to mainTain gdéquateK88h reseryeF to allow ItID' conttnue to trsts in the evpnl of risks whlGh may Imp8Ct ils atsthty to generate e8shf£ow. Rl8k A38e8sment Rtsks a as5es¥od awrding lo IhelF likebhood to ocrju and their potential Impad on the twsl, This providès 8 Sre that identifies the principal risk5 and the crealon of Controls to mitigats Ihosè risk$. Re911 are ariangeLI lo ensule that stgff and )lUnteerS Ternain curfent and vigtlant. P8ge 10
WILDWOOD TRUST {A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Future Plans The Trust implemented. in 2021. a 5 Year Strategy following wide consultation with staff and Trustees. The mission, vision, key strategies and values have already been set out above. The strategy and related business plan are to be reviewed and rewritten in the next financial year setting the next long temi strategy for the Trust. Structure. governance and management Constitution Wildwood Trust is registered as a charitable company limited by guarantee and was set up by a Trust deed. Methods of appointment or election of Truslees The management of the Group and the Charity is the responsibility of the Trustees who are elected and co- opted under the terms of the Trust deed. Organisational structure and decision-making policies The truslees have delegaled day-to-day running of the charity to the Director General, Paul Whitfield, who is supported by the executive team. Policies adopted for the induction and training of Trustees On appointment, new Trustees, have an induction programme lo familiarise themselves with the work of the trust and their role requirements. Inductions cover their core responsibilities plus a tailored section. personalised for their individual needs. Ongoing training is available through memberships of organisab'ons such as Charity Finance Group. Charity Tax Group and British and Irish Association of Zoos and Aquariums. These organisations provide online access to CPD courses regularly. Pay policy for key management personnel The pay policy of the trust is approved by Ihe Remuneration Cottbmittee. which may seek external legal advice. The Remuneration Committee is a sub-committee of Ihe Trustee Board. It is made up of one Trustee. the director general and director of finance. The committee reviews Ihe remuneration levels as part of the annual pay review, Gonsidering.. the prevailing market conditions- relevant extemal benchmarks," staff retention and satisfaction,. the charity btjdget., future plans and past performance. It includes an annual review of executive team pay in line with performance. a. Related party relationships Trading subsidiary (non<haritable activities) In April 2023, a new company was formed as a wholly owned subsidiary of the charity. Wildwood Retail Limited took over running the shop and café in Kent, following best practice guidance from Ihe Charily Commission, having consulted both the auditors and counsel. Page11
WILDWOOD TRUST (A Cornpany Limited by Guarantso} TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 statement of Trustsas. responsibiliti8S The Trustees (who are also ihe directors of Ihe Chaiity fr>r the purposes of company law) are responsible for preparing ihe Tn¢stees' Report including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each finanual . Under (xjmpany law, Ihe Trustee5 must not approve the financial statements unless Ihey are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of reSoUs, including their income and expenditure, for that peri&J. In preparing these financial statements. the Trustees are required to= select suitable sccounting policies and then apply them cK>nsistenty-, observe the methods and principles of the Charib'es SORP (FRS 102}', make judgments and accounting estimates that are feasonable and prudent., state whether applicable UK Accounting StarKlards IFRS 102) have been followed, sutyect to any material departures disclosed and explained in Ihe financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group wll continue in business. Trustees are responslble for keeping adequale accounting records that are sufficient to show and explain the Group and the Charity's Iransa¢tion$ and disclose reasonable accuracy al any time the financial position ofthe Group and the Charity and enable them to ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Chartty and hence for taking reasonable steps for the pr8v&nlion and detection of fraud and other irregularitiès. Disclosure of inlomiation to auditors Each of the persons who are Trustees at thè time vknen thFs Trustees. Report is approved has Gonfimed that.. so far as that Trustee is aware, the is no relevant audit infom7ation of which the ¢harilable group's auditors are unaware. and that Trustee has laken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audil information and to eslablish that the charitable group'5 auditors are aware of Ihat informalion. Auditor The audi10, Xeinadin Audit Limited, Statutory Auditor, have indicated their willingness to continue in office. Approved by order ot the members of the board of Trustees and signed on their behalf by.. Drs A Black (Trustee) Date.. 18 March 2026 Page 12
WILDWOOD TRUST IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILDWOOD TRUST Opinion We have audited the financial statements of Wildwood Trust (the 'parent charity,) and its subsidiaries (the 'group'} for the year ended 31 March 2025 set out on pages 17 to 41. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slarkdards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slatements: give a true and fair view of the state of the Group's and of the parent charitable companys affairs as at 31 March 2025 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 acwrdance with United Kingdom Generally ACpted Accounting Practice" and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI (ISAS (UK}) and applicable law. ur responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements thal are relevanl to our audit of Ihe financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the Trustees, use of the going concern basis of accounting in Ihe preparation of the financial statements is appropriate. Based on the work we have performed. we have not idenlified any material UnrtaIntieS relating to events or conditions Ihat, individually or collertively, May cast significant doubt on Ihe Group's or the parent charitable company5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. ur responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 13
WILDWOOD TRUST (A Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WILDWOOD TRUST {CONTINUED) Other infomiatlon The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statemenls and OLAr Auditors, report thereon. Our opinion on the financial stalements does not cover the other information and, except to the extent othewise explicitly stated in our report. we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whethér the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 there is a material misststement in the financial statements or a material misstatement of the other information. 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. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audil: the information givèn in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, report has been prepared in accordance with applicable legal requiremenls. Matters on whlch we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstalements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. the parent charity has nol kept adequate and sufficient accounting records, or returns adequale for our audit have not been received from branches not visited by us- or the parent charity financial statements are not in agreement with the accounting récords and returns. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audil; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a GroLJP Strategic report. Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being salisfied that Ihey give a Irue and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but lo do so. Audltors. responsibilities for the audit of the financial statements Our objectives are to obtsin reasonable assurance about whether the financial statements as a wholè are free Page 14
WILDWOOD TRUST (A Company Limlted by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WILDWOOD TRUST (CONTINUED) from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material tnisstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. The extenl lo which our procedures are capable of detecting irregularities. including fraud is detailed below: -the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-Gompliance with applicable laws and regulations., -we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the charity sector., -we focused on specific laws and regulations which we considered may have a direct material effect on the accounts or the activities ofthe charity. These included but were not limited to the Companies Act 2006, Charities Act 2011,. Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019),. Employment Law- Data Proteclion Legislation,. The Code of Fundraising Practice., and Safeguarding Regulations as they affect the direct charitable activities of the charity,, -we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence where necessary. We assessed the susceptibility of the charitys financial slatements to material misstatement, including obtsining an understanding of how fraud might occur, by: -making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., and -considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we= -performed analytical procèdures to identify any unusual or unexpected transactions; -tested the appropriateness of journal entries- -tested authorisation of expenditure: -assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias- and -investigated the rrationale behind significant or unusual transactions. To address the risk that revenue could be misstaled due to fraud, we.. -obtained an understanding of the charivs revenue recognilion policies and compared these to the accounting slandard; -performed a walkthrough to confimi our underslanding of the processes and controls through which the charity iniliates, records, prosseS and reports revenue transactions; -tested a sample of revenue transactions to supporting evidence- and -tested, on a sample basis, revenue related balances in the balance sheet. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to- -agreeing financial statement disclosures to underlying supporting documentation- -reading the minutes of meetings of those charged with governance- -enquiring of management as to actual and polential litigation and claims- and -reviewing correspondence with HMRC, relevant regulators, and the company's legal advisor5. There are inherent limitations in our audit procedures described above. The more removed that laws and Page 15
¥YILDWOOD TRUST IA Company Limited by Guarantse) INDEPENDEHT AUDITORS. REPORT TO THE MEMBERS OF WIL0 TRIIST qCONllNUEDI oriy. A further dE$rJIl0ft ot IXK 55&bIlitieS for Ihe audrt of Ihe fiftar slalements is 5otxled cn Ihe F4wKial Reporting Council's website al.. www.frc.o .ukJaudrt0reS nsikn'litss. This dexy1p1 forms part of our Audith. Rep. Us• rA our Y•port This roport is made solely VJ the ehwrtable memtJeTS, 45 a btyjy. in accordanca wilh Chapter 3 of Part 16 of th8 Compans Act 2(106, and to the charitable ¢ompanis Tntstees. as a boty. Part 4 of Ihe Chwili8s (Accounts antj RepNts) Re9alS 2008. Our audit wrmk has boen ]ndortaktA SO ttol JNght stste lo Ihe itharitab* companys membeTS those matters are iequired 10 stale to Ihem in an Audrtots. rermxt aJJd for rK• Olher puwo. To the fullesiextenl pem)itted by law. we do not accept or assiKne lo an>rm other than the ¢hariLth 4a)mpany arml its membern, as a body. audtt rf lor this retrfxt. or fcrf th8 OF4ris Siatutory Ath10T 12 CDnqtwor Court Kenl ME10 5BH XeNfSm Audit Limjled. StabAtsy Auditor are ek9ible to act as wJdilfXS fft igrffls of secilon 1212 of the Conwaniès Act 21Th, P¥8 16
WILDWOOD TRUST IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities Inveslmenls Other income 116.430 2,965.668 858.820 1,500 20,537 469.451 585.881 2.965.668 858.820 1,500 20,537 242,210 2, 750,423 700,987 2, 640 11,940 Total income 3,962,955 469,451 4,432,406 3, 708,200 Expenditure on: Raising funds Charitsble activities 1.812,978 2,164,149 1,812,978 2,473,714 1,847,807 2,391,834 309,565 Total expenditure 3,977,127 309,565 4,286,692 4,239, 641 Net movement in fund5 114,172) 159.886 145,714 (531,441) Reconciliation of funds: Total funds brought forward Net movement in funds 1,772,049 114,172) 67,417 159,886 1,839.466 145,714 2,370,907 (531,441) Total funds carried forbyard 1,757,877 227,303 1,985,180 1, 839,466 Page17
WILDWOOD TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 04399827 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets 13 14 37,953 1,576,435 57,667 1,647,607 1,614,388 1,699,274 Current assets Stocks Debtors Cash at bank and in hand 16 39,124 370.083 446,531 57,953 354,065 248,235 17 855,738 654.253 Current liabilities Creditors.. amounts falling due within one year 18 (301,719) (317,571) Net currenl assets 554,019 342, 742 Total assets less current liabilities 2,168,407 2,042,016 Creditors: amounts falling due after more than one year 19 (183,227) (202,550) Total net assets 1,985,180 1,839,466 Page 18
WILDWOOD TRUST (A Company Limitsd by Guaranteo) REGISTERED NUMBER.. 04399827 CON80LIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Note Charity funds Restricted funds Unrestricted funds 20 227,303 67,417 Designated fvnds General fiJnds 20 20 1,250.000 507,877 7,250.000 522,049 Total unrestricted funds 20 1,767.877 1, 772,049 Total funds 1,985,180 1,839,466 The financial statements have been prepared in accordance with the provistons applicable to entities subject to the small companies regime. The financial ststemenls were approved and authorised for issue by the Trustees and signed on their behalf by.. Dr 3 A Blaeit (Trusleel Date.. 18 March 2026 The notes on pages 23 to 41 fomi part of thesa financial statements. Page 19
WILDWOOD TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 04399827 CHARI BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets Investments 13 14 37,953 1,506,945 45,766 51,667 1,569,859 45,766 15 1,590,664 1,667,292 Current assets Debtors Cash at bank and in hand 17 725,873 359,801 690,429 214,375 1,085,674 904,804 Current liabilities Creditors- amounts falling due within one year 18 (151,478) (200,325) Net current assels 934,196 704,479 Total assets less current liabilities 2,524,860 2,371,771 Total net asset5 2,524,860 2,371,771 Page 20
WILDWOOD TRUST (A Company Llmited by Guarantee) REGISTERED NUMBER: 04399827 HARITY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Note Charity funds Restricted funds 20 227,302 108,283 Restrrthd fvnds Unrestricted fijnds 20 227,302 108,283 Designated funds General funds 20 1,250,000 1.047,558 1,250,000 1,013,488 2Q Total unrestricted funds 20 2,297.558 2.263,488 Total funds 2,524.860 2,371,771 The Chartys nel rnovement in funds for thè year was £238,615 (2024 - £(388, IOOJJ. The financial slalements have bèen prepared in accordance with the provisions applicable to enlities subject to the small companies regime. The financial statements were approved and auth0ri5ed for issue by the Trustees and signed on their behalf by-. Dr S A Bla¢k (Trustee) Date: 18 March 2026 The note3 on pages 23 to 41 fomi part of these financial statement5. Page21
WILDWOOD TRUST (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net cash used in operating activities 234,389 (525,465) Cash flows from investing activities Dividends, interesls and rents from investments Purchase of intangible assets Purchase of tangible fixed assets 1,500 2,640 (13,680) (42, 176) 137,593) Net cash used in investing activities 136,093 153,216) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 198,296 (578,6811 826,916 248,235 Cash and cash equivalents at the ènd of the year 446,531 248, 235 The notes on pages 23 to 41 form part of these financial ststements Page 22
WILDWOOD TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting and Rgporting 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 1 January 2019), the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Wildwood Trust meets the definition of a public benefit entity under FRS 102, Assels and liabililies are initially recognised at historical c05t or IransaGtion value unless otherwise stated in the relevant accounting policy. The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial stalements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Charity has taken advantage of Ihe exemption allowed under section 408 of the Companie5 Act 2006 and has not presented ils own Statement of Financial Activities in these financial statements. 1.2 Going concern The trustees, having made appropriate enquiries, consider that adequate resources exist for the charitable company to continue in operational existence for the foreseeable future and that, therefore, il Is appropriate to adopt going concern basis in preparing the financial stalemenls as at and for the period ended 31 March 2025. The trustees have made this assessment in respect to period of one year from the date of approval of these accounls. The trustees have concluded that there are no material uncertainties related to event5 or Gonditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees are of the opinion thal the charitable company will have sufficient resources to meet the liabilities as they fall due. 1.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation to investment income is recognised at the time the investment income is receivable. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that 3 transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single aclivity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between Ihose activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreGiation charges allocated on the portion of the asset's use. Expenditure on Gharitable activities is incurred on directly undertaking the activities which further the Group's objectives. as well as any associated support costs. Page 23
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polieles (continued) 1.4 Expenditure (continued) All expenditure is inclusive of irrecoverable VAT. 1.5 Interest receivable Interest on funds held on deposil is included when receivable and the amount can be measured reliably by the Group- this is normally upon nolification of Ihe interest paid or payable by the institution with whom the funds are deposited. 1.6 Inlangible assets and amortlsatlon Intangible assels costing £1,000 or more are capilalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible 8ssetS are measured at cost less any accumulated amortisation and any accumulated impaim)ent 105ses. Amortisation is provided on intsngible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life. Amortisation is provided on the following bases.. Computer software Goodwill 20 O/D slraight line 20 % slraight line 1.7 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capilalised and recognised when future economic benefits are probable and Ihe cost or value of Ihe asset can be measured reliably. Tangible fixed assels are initially recognised at cost. After recognition, under the cost model, tangibl& fix&d assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimaled useful lives, Depreciation is provided on the following basis.. Freehold property Long-term leasehold property Plant and machinery Motor vehicles Fixtures and fittings 2°/D on cost 100/0 on cost 100/0 on cost 10°/o on cost 10°/o on cost 1.8 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured at fair value al the Balance Sheet dale, unless the value cannot be measured reliably in which case il is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gains/(Losses) on investments, in the Consolidated Statement of Financial Activities. Page 24
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 1.9 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowan for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.11 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.12 Llabilities and provisions Liabilities are recognised when Ihere is an obligation at the Balance Sheet date as a r8suIt of a past event, it is probable that a transfer of economic benefit will be required irb settlement, and Ihe amount of the settlement can be estimated reliably. Liabilities are recognised at the amount thal the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligalion. Where the effect of the time value of money is material. the provision is based on the present value of those amounls, discounted at the pre-tax discount rate that reflects the Fisks specific la the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Aclivities a5 a finance cost. 1.13 Financial instruments The Group only has financial assets and financial liabililies of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised Gost using the effective interest method. 1.14 Pensions The Group operates a defined conlribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year. Page 25
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued> 1.15 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Designated funds Gomprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by Ihe Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the noles to the financial statemenls. Investment income, gains and losse5 are allocated to the appropriate fund. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 116,430 469,451 585,881 242,210 Tolal 2024 87,488 154, 722 242,210 Income from charitable activities Unrestricted funds 2025 Tolal funds 2025 Total funds 2024 Animal collection - Admi5sion5 ar¢d events Animal collection - Membership subscriptions Conservation programmes Education 953,226 1,876,342 38,441 97,659 953,226 1,876,342 38,441 97,659 927,464 1,543,307 50, 650 229,008 2,965,668 2,965,668 2, 750.423 Total 2024 2, 750,423 2, 750,423 Page 26
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading activities Income from non Gharitable trading activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 Sales Other Ir)come 846,196 12,624 846,196 12.624 694, 897 6,090 858,820 858,820 700,987 Total 2024 700,987 700,987 Investment income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Bank Interest receivable 1,500 1,500 2,640 Total 2024 2,640 2,640 Other Incoming resources Unrestricted funds 2025 Total funds 2025 Total funds 2024 Olher operating income 20,537 20,537 11,940 Total 2024 11,940 11,940 Page 27
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Other trading expenses Unrestricted funds 2025 Total funds 2025 Total funds 2024 Office expenses- Other Cost of other trading activilies Administration expenses Administration staff costs Administration depreciation 23,345 459,900 456,279 868,369 5,085 23,345 459,900 456,279 868,369 5,085 153,549 510, 747 320, 774 860,974 1, 764 1.812,978 1,812,978 1,847,808 Total 2024 1,847,808 1,847,808 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 Restrl¢ted funds 2025 Total 2025 Total 2024 Animal collection costs, education and conservation 2,164,149 309,565 2,473,714 2,397,834 Total 2024 2,000, 850 390,984 2,391,834 Page 28
WILDWOOD TRUST (A Company Limited by Guaranlee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Total funds 2024 Animal collection costs, education and conservation 2,458,811 14,903 2,473,714 2.391, 834 Total 2024 2,385,834 6,000 2,391,834 Analysis of support costs Total funds 2025 Total funds 2024 Activities 2025 Governance costs 14,903 14,903 6, 000 Total 2024 6,000 6,000 10. Auditors, remuneration 2025 2024 Fees payable to the Charity's auditor for the audit of the Charity's annual accounts 9,750 7,594 11. Staff costs Group 2025 Group 2024 Charity 2025 Charity 2024 Wages and salaries Social s8curity cosls Other pension costs 2,050,773 161,021 54.356 1,881,536 150,449 50. 549 1,248,217 109.927 39,637 1,080,681 101,699 39, 180 2,266,150 2, 082, 534 1,397,781 1,221,560 Page 29
WILDWOOD TRUST {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Staff costs (continued) The average number of persons employed by the Charity during the year was as follows.. Group 2025 Group 2024 Average number of staff 97 99 The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was: Group 2025 Group 2024 In the band £90,001- £100,000 The key management personnel of the Charity comprise the trustees, the Director General and Directors of Zoo Operations, Conservation, Extemal Relations and Finance. The total employee benefits of the key managetnent personnel of the charity were £250.41012024- £241,660). 12. Trustees. remuneration and expenses During the year. no Trustees received any remuneration or other benefit5 (2024 - £NIL). Trustees were reimbursed expenses amounting to £Nil during the year {2024 - £575}. No charity trustee feceived payment for professional or other seNices supplied to the charity (2024 - £Ni51. Page 30
WILDWOOD TRUST IA Company Limiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Intangible assets Group Website and brand Cost Al 1 April 2024 74,820 Al 31 March 2025 74,820 Amortisation Al 1 April 2024 Charge for the year 23,153 13,714 Al 31 March 2025 36,867 Net book value Al 31 March 2025 37,953 At 31 MarGh 2024 51,667 Page 31
WILDWOOD TRUST (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Intangible assets (continued) Charity Computer software Cost At 1 April 2024 74,820 At 31 March 2025 74,820 Amortisatlon At 1 April 2024 Charge for the year 23,153 13,714 At 31 March 2025 36,867 Net book value At 31 March 2025 37,953 At 31 March 2024 51,667 Page 32
75 VJJ
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Flxed asset investments (continued) Unllsted investments Charity Cost or valuation At 1 April 2024 45.766 At 31 March 2025 45,766 Net book value At 31 March 2025 45.766 At 31 March 2024 45, 766 16. Sto¢ks Group 2025 Gmup 2024 Stocks 39,124 51,953 17. Debtors Group 2025 Group 2024 Charity 2025 Charity 2024 Due within one year Trade debtors Amounts owed by group undertakings Prepayments and accrued income Gift aid reclaimable 249,065 106,416 219,375 449,567 56,931 75, 753 412,969 56,057 145,656 121,018 707,993 145,656 370,083 354, 065 725,873 690,429 Page 35
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Creditors: Amounts falling due within one year Group 2025 Group 2024 Charity 2025 Charity 2024 Trade creditors Amounts owed lo group undertakings Other taxation and social security other creditors Accruals and deferred income Pension control 155,498 132,886 79,276 3,345 83,163 25,941 27,520 85,485 7,275 27,829 75,870 67,979 7,007 25,356 36,226 7,275 75, 625 34.530 T,OOT 301,719 311,511 151,478 200, 325 19. Creditors: Amounts falling due after more Ihan one year Group 2025 Group 2024 Other creditors 183,227 202,550 Page 36
WILDWOOD TRUST (A Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Statement of funds Stalement of funds - current year Balance at 31 March 2025 Balance al 1 April 2024 Income Expenditure Unrestricted funds Designated funds Designated Funds - all funds 1,250,000 1,250,000 General funds General fund 522,049 3,962,955 (3.977,127) 507,877 Total Unreslricted funds 1,772,049 3,962,955 (3,977,127) 1,757,877 Restricted funds Endangered species 67,417 469,451 (309,565) 227,303 Totsl of funds 1,839,466 4,432,406 (4,286,692) 1,985,180 Page 37
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Statement of funds {contlnuedl Slatement of funds - prior year Balance at 31 MarGh 2024 BalanGe at l April 2023 Transfers in/out Income Expenditure Unrestricted funds Designated funds Contingency fund Inveslmenl fund Legacy stabilisation fund School of rewilding fund 1,250,000 500, 000 163, 140 200, 000 1,250,000 (500,000) (163, 140) (200, 000) 2,113,740 (863,140) 1,250,000 General funds General fund (45,912) 3,553,478 (3,848,657) 863, 140 522,049 Total Unrestricted funds 2,067,228 3.553,478 (3,848, 65T) 1, 772,049 Restricted funds Endangered species 303,680 154, 722 (390, 985? 67,417 Total of fLtnds 2,370,908 3, 708,200 (4, 239, 642) 1,839,466 Page 38
WILDWOOD TRUST {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Summary of funds Summary of fund5 - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Designated funds General funds 1,250,000 522,049 67,417 1,250,000 507,877 227,303 3,962,955 469,451 (3,977.127) (309,565) Restricted funds 1,839,466 4.432,406 (4,286,692) 1,985,180 Summary of funds - prior year Balance al 31 March 2024 Balance at l April 2023 Transfers in/out Income Expenditure Designated funds General funds Restricted funds 2,113,140 (45,912) 303, 680 (863, 140) 863. 140 1,250, 000 522. 049 67,417 3.553,478 154, 722 (3,848,657) (390,985) 2,370.908 3, 708, 200 (4,239.642) 1,839,466 Restricted funds During the year, the Gharity received donations and grants to be applied to specific purposes as listed below: Chough: to release chough in Dover area as part of an ongoing conservation project Bear: to cover the cost of bringing bears to Devon park and their ongoing care Wildcat: for research into wildcat behaviour Wildcat appeal: to expand the breeding facilities in Kent park eaver: to build a beaver rescue enc105ure in Devon park Crayfish- to rescue, survey and captive breed white-clawed crayfish in Devon Blean: ongoing costs for bison conservation project Kent Harvest Mouse: to cover ongoing care and survey work Pine Marten: lo care for species on sile for future rewilding project Gordon Honor: lo refurbish specific areas in devon park incl red squirrel walkthrough, café, and pathways citizen zoo deposit: for Watervole Contract in 2026-27 Page 39
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Intangible fixed assets Current assets 1,349,132 37,953 855,738 {301 ,719) (183,227) 227,303 1.576.435 37,953 855,738 (301,719) {183.227) Creditors due within one year Creditors due in more than one year Total 1,757,877 227,303 1,985,180 23. Reconciliation of net movement in funds to net cash flow from operating activities Group 2025 Group 2024 Net incomelexpenditure for the year (as per Slalement of Financial Activities) 145,714 (531,441) Adjustments for: Depreciation charges Amortisation charges Dividends, interests and rents from investments Decrease in stocks Increase in debtors Increasel(decrease) in creditors 108,765 13,714 11,500) 12,829 (16,018) (29,115) 709,869 18,064 (2, 640) 10,740 (217,846) 87,789 Net cash provided byl{used in) operating activities 234,389 (525.465) 24. Analysis ol cash and cash equivalents Group 2025 Gmup 2024 Cash in hand 446,531 248,235 Total cash and cash equivalents 446,531 248.235 Page 40
WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 25. Analysis of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 248,235 198,296 446,531 248,235 198,296 446,531 26. Members, liability The charily is a company limited by guarantee. The members of the company are the Trustees named on page l. In the event of the charily being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 27. Related party transactions The Charity has not entered into any related party transaGlion during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025. Page 41