2024-03-31-accounts

Farming and Wildlife Advisory Group South West Ltd (A Charitable Company Limited by Guarantee) Annual Report and Financial Statements For the Year Ended 31 March 2024 Company Number: 07865031 Charlty Registered in England and Wales Number: 1146071

Farming and Wildlife Advisory Group South West Ltd Contents For the Year Ended 31 March 2024 Pa Reference and Administrative Details Trustees, Annual Report 2-11 Independent Auditors, Reporl 12-15 statement of Financi21 Activities 2023124 16 Statement of Financi21 Aclivilies 2022123 17 Balance Sheet 18 Statement of Cash Flows 19 Notes lo the Financial Statements 20-33

Farming and Wildlife Advisory Group South West Ltd Reference and Administrative Details For the Year Ended 31 Ma￿h 2024 Charity name Farming and Wildlife Advisory Group South West Limited Other names FVVAG SW Charlty number 1146071 Company number 07865031 Trustees and Direetors A Daros C Fowle A Hosford M Morris S Walker M Humphry C Wilson H Webb (Chair) (resigned 8 November 2023} (appointed 8 November 2023} Interlm Chief Executive Officer A Lockyear Reglstered Office Hawkridge House Summerfield Way Chelston Business Park Wellington Somerset TA21 gJE Auditors Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA12PX Bankers Na￿est Bank PLC 26 - 27 For8 Slreel Taunton Somersel TA1 1JQ Page 1

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 The Iruslees, who are also directors for the purposes of the Companies Act, present their report and the financial statements of the Charity fol the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and compty with the charity's memorandum and arli¢les of association. The provisions of the Statement of Recommended Practice Accounting and Reporting by Charities" ISORP FRS 102 implemènted 1 January 20191 have been adopted in preparing the annual reporl and financial slalements of the charity, and they are in accordance with the special provisions relating lo small companies within Part 16 of the Companies A¢1 2006. structure, govemance and management Farming and Wldlife Advisory Group South West Ltd I'FWAG SW'I, is a charity registered with the Charity Commission in England and Wales, and is a company limited by g￿arantee, incorporated on 29 November 2011. The governing d￿Ument of FiniAG SW is the memorandum and articlès of association dated 29 November 2011. The trustees. who are also the directors for the purpose of company law. who served thioughoul the year, unless otherwise staled, were". A Daros C Fowle AB Hosford M Morrts S Walker M Humphry C Wilson H Webb {Chairl {resigned 8 November 20231 Ivice Chairl (appointed 8 November 20231 New Iruslees are invited lo become Irijstees by the existing trustees and al the subsequent Annual Gener81 Meeting they are formally elected lo the Board by the existing trustees. Trustees resign after each three-year apFK)inlmenl and can be re~appointed for each ftjrther Ihree-year term, initially serving a maximum of nine years. None of the trustees has any beneficial interest in the company. All the Iruslees are members of the company and gltaranlee.to contribute £1 in the event of winding up. Recruitment of Trustees FWAG SW seeks lo have a mix of professional experience on the Board of Trustees Ithe Board} as well as a broad gional representation from the farming community. The Memorandum and Articles of As50cialion of FWAG SW stale that all members of the Board should give their tlme voluntarily and receive no benefits trom the charity. Trustees may claim reasonable oul-of-pockel expenses. Trustees are elected to the Board al the Annual General Meeting and are pul forward by cuffent trustees. Potential trustees are selected lo provide a wide range of differing experience and ski115 that can benefit FWAG SW strategically and lo ensure effective governance. Trustees are also being sought based on recommendations from legal and other professional firms. Trustee induction and trainin Trustees are selected from those that have subscribed lo a FWAG SVV membership package, work. or have worked. in partner organisalions or have a specialism that is ol practical use lo FWAG SW. They are usually dedicated lo the conservation of wildlife, alongside their commercial or professional activitie5. Therefore. new Trustees are already conversant with the aims and objeotives ol the charity, prior to their appoinlmenl. FWAG SW Farm Environment Advisers are invited lo selected agenda items al Extraordinary General Meetings lo provide pra¢lical experience and training to the Board of Trustees on the activities that FWAG SW is engaged in. Page 2

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 Trustees ale given copies of the Charities Commission's "The Essential Trustee.. Ihfftal you need to know ICC31" °Publi¢ Benefit: the public bènefit requirement IPB11" °Public Benefit.. running a charity (PB21" Public Benefit: reporting IPB31" and the Charity Governance Code to provide them with the knowledge to LJnderst8nd their roles and responsibilities a5 a trustee. Trustees are encouraged to reread Ihis regularly and they are sent to all trustees on an annual basis by the Chief Executive Ofticer ICEOI. Additionally trustees are provided with copies ofthe Memorandum and Articles of Association of the Charity so that they may familiarise themselves with the governing principles of the charity. FWAG Sws accounlanls (Albert Goodrnan LLPI provide the Iruslees with an annual overview of the accounts, and training and support is provided to understand the technicalities of charitable accounting and the specialist terms used. The Financial Controller prepares management accounts and presents them lo the Iruslees al board meetings lo provide further training and assistance on how the accounts are slruclured. Or anisalional.structure of the charil FWAG SW currently has a Board of seven trustees that meet al least quarterly and are responsible for the strategi¢ direction. policy and governance of the charity. To remain quorale. the Board musl have al least three Irustees present at any meeting. Meetings are held in person and remotely and the charity's Memorandum and Articles of Association have been amendèd lo reflect this change, A scheme of delegation is in placè and the CEO has day-lo-day responsibility for the provision of all aspects of the services of the charity. FWAG SW managers and senior advisers are invited to board meetings regularly to discuss the issues they face and lo provide feedback to the board on the charity's aclivilies. Related arlies and coo eralion with other or anisalions None of the trustees receive remuneration or other benefit from their voluntary role with the charity. Any Connection between a trustee or senior manager of the Charity and any client, contractor or supplier musl be disclosed to the full board of trustees. Any ielaled party transactions would be disclosed in note 7. The charity is a founding partnèr of the national FWAG Association, with other FWAG organisations, as well as LEAF and GWCT. FWAG SW advisers have been involved with the RPA Agii-Environment Stakeholders Working Group IAESWGI and Defra Farming and Countryside Programme forum lo give feedback on current and future agri- environment schemes as well as providing feedback on policy al all levels. FWAG SW has partnered and worked with county councils across the south wesl region, National Landscapes (formally AONBSI, DEFRA, The Wildlife Trusts, The Woodland Trust, vvwr Slimbridge, Exmoor NPA. The Game and Wildlife Conservan¢y Tru51 IGWCTI, Bristol Avon River Trusts, Internal Drainage Boards, National Trust, Natural England, the Environment Agency and many others. Risk mana ement The Iruslees have identified the risks lo which the charity is exposed in a Risk Register which is ￿vieWed al least annually. The major threats that the trustees believe could cause a significant impact on the charity and the poli¢ies, procedures and other measures that are in place to miligale those risks are included within the Risk Register, Ke Mana ement Personnel Remuneration The Iruslees consider that the key management personnel for FWAG SW is restricted lo the CEO and Head of Advisory Sefvices. Their remuneration for this financial year is detailed in note 6 of the accounts. The CEO'S starting remuneration was established 10 years ago when Gary Rumbold entered this post and was set based on market considerations and what the charity could afford. The board have reviewed the CEO'S remuneration against other comparable role5 Wlthin the south wesl region. Based on this review, a pay increase was awarded lo the CEO effective from 151 April 2023. As more data becomes available for compaTable posts at charities of a comparable size and scope. the CEO'S salafy will be reviewed annually by the board of tiustees lo ensure that il remains commensulate with the role and within the FWAG SW budget. Page 3

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 Objectives and activities 1. To promote the protection of wildlife and the conservation of nature and landscape, in parlic(Jlar with relation to sustainable agricultural needs. 2. To promote the dèlivery ol competent, independent advice to the agricultural sector on the protection of wildlife and the conservation of nature and landscapè. 3. To promote re8ear¢h on all mallers relating lo sustainable farming, the need lo Conserve nature and landscape, lo protect wildlife on farmland and lo disseminate the usefijl results of such research. 4. To encoLJf2ge understanding belween farmers and conservation interests by promoting liaison and the exchange of information, ideas and experience between individuals and organisalions who are concerned with or interested in the objects of the charity. 5. To promote the objects of the charity by conference5, exhibitions. practical demonstrations, publications, thè delivery of lectures and addresses and the exchange of Tesearch experiences and techniques. 6. To support and co-operate with others in proposals and ach'vities which encourage understanding and co- operation between conservation, wildlife and farming interests and which are calculated to assist the promotion of the charity's objects. lanalion of the chari 's aims FWAG SW is a conservation Char￿tY that focuses on the interaction between wildlife and the farmed enviionment. To do this it seeks lo support, enthuse & inspire fellow farmers to value the environmental assets on their land & use them lo secure sustainable and profitable businesses for the lulure. By using a "Vvhole Farm" approach FWAG SW seeks to ombed conservalton into the commercial farmirig model. Farmer members are passionate about the land that they have stewardship over but may lack the specialist knowledge or resource5 10 implement the best practic8 that would provide the greatest benefit lo the environment. FWAG SW advisers can bridge thi5 knowledge gap and seek possible so¢Jr¢es of funding for farmers lo implement measures on their land that will have the greatest benefit for wildlife. As well as assisting farmers lo be ¢omplianl with environmental legislation, the charity also aims lo give farmer members a voice al policy level by feeding baGk into the processes that determine future legislation changes. By representing the farming Community within conservation stakeholdèr torums FWAG SW can influence practical solutions to wildlife conservation that have a "best fil. with current agricultural practices. Strate ies em ed lo rneel the charitable aims and si nilicant activities The main aims of FWAG SW are to conb'nue to inspire farmers to value the environmental assets on their land and use them to secure sustainable and profitable businesses for the fulure. The strategies Ljsed to meet these objectives include.. Providing a range of advisory services lo farmers, partner organisations and local authorities that allow farmers and the wider public lo benefit from funding programmes that target environmental benefils for wildlile and the public. Maximising the impact FWAG SW has to famers and the conservation of wildlife by seeking funding from project partnerships that address specific ecological challenges. Engaging in reseaich programm8S that benefit farmers and the farmed environment, The provision of a tiered membership system for famers, landowners and donors lo dlsseminale information. educate and provide inspiration. The organisalion of a regional award scheme that recogniges the work contributed by commercial farmers to the environment and promotes conservation techniques lo all. A programme of events across soulh wesl England to edueate and inspire farmers on how they can deliver ecological benefits on land within their stewardship. The publicalion of lileralure and newslellers with informative articles on relevant topics. The Maintenan￿ of a website displaying up lo date infomialion regarding agricultural and conservation issues. Attendance al local and national stakeholder meetings to represent a farming perspective on conservation measures. To assist in the running of a national FWAG Association to give FWAG SW a voice at 2 nallonal policy level and input into the delivery aspect of environmental land management schemes. Page 4

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 To work with volunteer groups lo deliver educational events lo school Children. The provision of a farm plastics recycling scheme for farmers within the south west region. How our actlvities deliver publlc benefit FWAG SW has a farming rnember5hip of approximately 1000 farmers in the south wesl region with various membership level entry points. Membèrs receive the greatest direel benefit from the charity through the provision of free telephone advice, educational I training events. organised environmental competitions and regular newsletters. The WKler impact of the charity's advisory work is a benefit to all resident8 in the south wesl of England. The conservation measures implemented by larmers, following advice from our Farm Environment Advisers, have direct benefits that increase biodiversity, reduce diffuse pollution into water courses, miligale against declining populations of largeled endangered species and reduce the impact of flooding from agricultural land run-off. As well as edu¢aling famers and landowners on the benefits of wildlife conservation, FWAG SW and it5 educational arm, the Kingfisher Award Scheme, have delivered edu¢alional events and award schemes lo stthools in Cornwall. Dorsel, Gloucestershire and Somerset. The Trustees have been provided with the relevant information regarding the Charity Commissioa's guidance on Public Benefit. The charity's 2clivilies have been reviewed against the Public Benefit requirement. Achlevements and performance During the yesr we have continued lo dèvelop our first demonstration and educational site adjacent to the Royal Agricultural University in Cirencesler with our partners Zerodig, demonslraling the use of 'no dig. techniques that improve soil health and carbon storage in horticultural sellings, and beyond. We have been able lo launch a joint venture with the RAU to offer a new MSC in Agroecology. Through our investment in training we have been able to broaden our independent advi¢e, secLtring our tirsl contract delivering infrastructure advice for farmers through Catchment Sensitive Farming in 2024125, we have developed our partnership with the Environment Agency who ale referring advisers who have ￿ceiVed compliance visits lo FWAG for advice and support to improve water quality on their farms. Our work with partner organisalions on local food strategies, especialty in Gloucestershire and Somerset, has developed strongly in 2023124 as local authorities develop their plans for local procurement, food waste reduction and sustainable food production in line with their commitmenls to the 25 Year Environmental Plan. As parl ol our strategy to develop a more comprehensive whole farm approach lo sustainability we have been working more on our farm business knowledge skills, so that we can better understand the business case for conservation and regenerative farming practi￿8 when advising our farmers. Delivery of this approach has been through two projects. The Triple Axe Project is a pioneering pilot in Devon assessing how multiple strands of sometimes conflicting advice can be facilitated lo make a coherent plan for environmental sustainability, profitability, and legal compliance. Additionally, we have been working on the Future Farm Resilience Programme of advice delivery in partnership with Devon County Council and the Business Information Point. Financial performance for the year 2023124 was significantly.below our planned budget for the year. Increasing costs, wage inflation, high post pandemic staff turnover and recruilmenl difticulties have all played their parl in reducing our income and increasing our cosls. A lack of suitably experienced and qualified employees in the marketplace lo lake on mid-senior advisory roles is a challenge within our sector and we have had to develop a fasl-lrack training programme foi giaduale employees lo meet the demands of the industry. This has placed a significant burden on the charity. We have seen a stabilisalion in staffing in the second half of 2023124 and many of the assistant advisers recruited over the past two years have been promoted to advisers and in a stronger position to undertake mo income generating work. We have been working lo formalise and fundraise for our training provision through the Saunch of our New Shoots campaign which aims to raise funds to support the salary ¢osls of new staff. helping them develop Ihe experience and knowledge requirèd to provide independent farm advice. Page 5

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 How we mel our charitable aims achievements and erlormance FWAG SW delivered advisory services across the whole region including an advisory Servi￿ for Countryside Stewardship applications throughout the soulh wesl. Under the Natural England Farm and Land Management Advice Framework contract, the ch8rity delivered 240 one-to-one advice sessions, 2 group online events and we endorsed 105 mid-T￿r options on behalf of Natural England. Additionally. we conducted 18 Calchmenl Sensitive Farming ICSFI visits lo farmers on behalf of CSF. The Esmee Fairbairn lundèd Integrated Farrn Advice project demonslraled the benefits of integrated independent advice to farmers lo help address multiple slralegies and policies that impact the farmed landscape and helped to 51ack funding from multiple sources lo support sustainable food production 2nd agroecDlogical systems. Through delivery ol the Future Farm Resilience programme as sub-conlraclors for Dèvon County Council and Exmoor Hill Farming Ne￿Ork advisers provided 1,726 hours of one-to-one support and 21 group workshops. In Devon we are supporting the delivery of the Axe Landscape Recovery project, part ol the new Environmental Land Management schemes, helping lo develop a delivery plan for the resloralion of habilals and improvement in water quality in the River Axe. On Pawlett Hams in Somerset we have been monitoring breeding waders within and around a 40ha area of wet grassland which has been surrounded by a predator fence. Through FWAG advice the sile now supports the largest population of breeding lapwing in Somerset. Advice delivery was made to 112 south wesl farmers on Natural England's Countryside Stewardship 2023 application round. The total area of applications was 9,240 ha, securing giants for farmers of over £1 Om over the next 5 years. plus £4.9m for capital works. FWAG SW received grant and project funding from European and UK agencies, partner organisalions and grant giving trusts and foundations. In Dorsel FWAG has helped lo found and facilitate several privately fL¢nded farmer cluster groups, with farmers paying a subscription to fund a facililalor lo organise events and training and undertake environmental monitoring across the farms. FWAG SW partnered and worked with County councils across the south wesl region, National Landscapes, DEFRA, The Wildlife Trusts, Wesl Country Rivèrs Trust, The Woodland Trust, Sllmbridge, Exmoor NPA, The Game and Wildlife Conservancy Trust IGWCTI, Bristol Avon River Trusts, Internal Drainage Boards, National Trust, Natural England, the Environment Agency and many others. The charity also worked with partners across national borders to share best practice in finding innovative solutions lo envi¥onment81 issues. The Hills 2 Levels project in Somersel has continued lo form a signrficant parl ot FWAG SW8 work during 2023124. The project is a partnership project which received lunding from several different SOL¢rces in this financial year, including Somersel Rivers Authority. EU Inlerreg and the Environment Agency. The Gloucestershire Regenerative Environment and Agriculture Transition project IGREATI, is a Ihree-year project which started in January 2021, aiming lo boost the transition lo farming methods Ihal restore the soil, water and air. commonly referrecl lo as Regenerative Farming l Agriculture. The project aims lo facilitate the changes needed lo move towards a resilient future for farms. nature and the earth by working with farmer5, communities, advisors and the wider food supply chain lo meet these aims. The project has three core aims.. build evidence, facilitate knowledge exchange and nurture enterprise. In 2023124 FWAG SW continued to deliver ponds suitable for colonisation by great Crested newt in Somerset, Gloucestershire and Willshire ID mitigate against siles lost to development under the new District Level Licencing scheme - a type of biodiversity offselling. A lolal of 25 ponds were created in the 2023124 financial year. FWAG SW continue lo work with the Exmoor National Park to deliver the Headwaters of the Exè Catchment Programme. specifically providing farm 2dvi¢e through one-to-one on-farm visits and group workshops to address water quality issues in the upper Exe catchment. A four-liered membership programme is in place for farmers, landowners and others with an interest in farmland conservation. During thè year FWAG SW hosted more than 20 events on a wide variety of agricultural and conservation subjects, some lor our various proiects, as well as multiple small group meetings held with catchment member gioLFPS Ifacilitalion funds). As well 28 this. FWAG SW ran a number of regional and National FWAG Association webinars, via Zoom, on a variety of agriculture and conservation subjects. Over 400 people attended the events in the year. FWAG SW was very pleased to host Ils four county farmer trophy compelilion5 in 2023124. The competitions recognise excellence in food, farming and nature and the regional Barn Owl Award encourages farmers lo showcase the ecological conservation measures they have introduced on their farms, with the winner entered into the FWAG Association National Silver Lapwing competition. FWAG SW staff have allended multi-agency meetings with a regional focus, as well as at a national level, representing farmers, inleresls. Page6

Farming and Wildlife Advisory Group South West Ltd Truslees, Annual Report For the Year Ended 31 March 2024 The charity is a founding partner of the national FWAG Association, with other FWAG organisalions, as well as LEAF and GWCT. FWAG SW advisers have been involved with the DEFRA Agri-Environment Stakeholders Group IAESWGI, Farming and Countryside Programme forum and Grassland External Working Group to evidence and feedback on Cufrenl and future agri-environment schemes as well as providing feeolback on policy al all levels. Each year FWAG SW. partners with the volunteer led Kingfisher Award Scheme IKASI lo delive¥ educational visits lo farms and run a ¢ompelilion lo encourage school children to investigate the farmed environment for themselves. In 2023 FWAGSW partners and their teams of volunteers have been delighted lo be able lo return lo hosting schools al four different farms across the region. Almost 900 children from 29 schools were able to participate in the larm field visits over 15 days. In spring 2023 the charity organi5ed 12 waste farm plasb'c recycling events across the SomerseL Dorset and Devon region with 436 farmers participating. successfully recycling over 200 tonnes of plastic. Financlal review With the ongoing impacts of the Current economic climate and the cost of living crisis on our activitie5, the year-ènd accounts were in deficit in 2023124 for the second consecutive year. To comply with the requirements of charitable accounting. in Trrtain situations, such as when accounting for reslricled funds, income musl be recorded in the year in which it is received. despite Ihe delivery under such projects occurring in future periods, For this reason, il is beneficial lo view income and expenditure over several years in order lo get balanced view of the financial situation. The accumulatiDn of the charity's current reserves of £204,022 {2023124'. £584,6D91 and the analysis of retained income between restricted and unreslricled fvnds are shown in table 1, Restricted funding receNed in the year can be seen in note 12 on page 28. Total restricted funds on 31si March 2024 amount to £131,800 12023124.. £288,904}. The movement in restricted funds represents the net expenditure of funding received in previous years, and accounts for over 400/0 of the deficit in 2023124. Table 1- Irlcome, expenditure and retained income 2011 to 2024 To31st Year-end 315t March.. Mar 2018 2019 2020 2021 2022 2023 2024 To dale I ncome 6AIO,367 6,018,896 391,471 1,531,096 1.929,046 2.918,030 3,859,059 3.549,393 3,363,565 1.584.517 1.92r 357 2.584,305 3.650,006 3,839,301 3,744.152 153,4211 16.3111 333,725 209,053 1289,908 1380.5871 Expenditure Retained income Restricted fund5 185.749 205,722 391,471 147,7171 117.0311 15.7041 10,720 153,4211 16,3111 74,270 259,455 333,725 232.290 1138,6571 1157,1041 123.2371 IISI,251 223,4831 209,053 1289,9081 1380,5811 131,800 72,222 204,022 Unre5trieted funds Retained income Followlng several yeaTS ol growth in income, reflecting the steadily growing delivery of the charity over lime. but also some significant one-off reslricled fundin9 projects that Ihe charity has been engaged in. the last years has seen the charity's in¢ome fall significantly below the 2021122 high. High staff absence, staff turnover of almost 20010 during the reporting period and the impact of the wel weather on the creation of Great Crested Newl compensation ponds have all had a delrimenlal effect on delivery. CoLJpled with the recent uncertainty relaling lo agri~environmental schemes and a freeze or reduction in some government agency rates for service deliveiy, the impact on the charity's income has been compounded. Retained income for 2023124 is also disappoinllng for the charity, once again, and will have a significant impa¢l on finances in 2024125 as we rebuild the charity's reserves. However, this was partially mitigated by income accounted for in Sustainable Farming Incentive and developing Countryside Stewardship offers ean help to offset these reductions and prolecuimprove financial viability in the fulufft. Vve are upski51ing our advisers lo be able lo offer an inlegraled service that provides both business support and conservation advice. thus offering a rounded package of whole farm advice. d day rales and membership fees. Page 7

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report. For the Year Ended 31 March 2024 The recent growth rale alld increasing costs are both challengirng for a small charity in different ways and signifi'cantly increasing reserves has been particularly difficult. The charity is focussed on increasing core. unreslricled income lo address this, whilst continuing to priorilise our key aims and ohjeclives and embrace new restricted funding income streams. The charity continues lo pursue a mix of conlracl, grant and consultancy revenues for 2024125 to maintain a balance of diverse income streams. which remains a core element of our risk management. The cost of living crisis over the past two years has impacted the charily's ability lo bLJild its reserves, bul has also resulted in cost inllalion, thus increasing the gap between unreslricled reserves and thè target reserves level. However, the Board are confident, given the plans pul in place to generate core funding and manage costs. that they would be able lo continue the activities of the charity in the event of a significant drop in funding, albeit il to a prudenlly lesser extent. The Board has also considered the extent lo which costs could be reduced and existing activities could be curtailed, should such circumslanTrs arise. The strategy is to build reserves through planned operating surpluses as market ¢onditions allow. and through a concerted fundraising campaign lo raise core, unrestricted funds, helping to ensure the longer18rm fi'nancial stability of the charity. The Resetves Policy is reviewed annually by the Board lo reflect the changing requirements of the Charity Commission. Princi al fundin sources The principal ftjnding sources for FWAG SW come from fee earning chargeable consultancy work, the completion of contracts on bèhalf of NGOS, agencies and water companies, grant funding for project related work and, lo a lesser extent. income from membership. All the charity's funding sources and the conlraclual I project work that FWAG SW undertakes fil with its ¢h8rilable aims and objectives. Financial Effe t of Si nificant Events and Goin Concem Inflationary Pre$sures and Cost of Llvlng Crls We continue lo keep a watchful eye on inflationary pressures, the lafgesl impact to the charity being on salaries as our main overhead. We have always aimed to provide a cost-of-living increase to staff and in 2023124 we have provided a minimum 7'/ts cost of living increase to staff, understanding the increased costs that have irNp8Gted employees over the last year. Similarly, consultant and sutKontiaclor rates have substantially increased. Recruitment Arguably," Covid, along with Brexit. has impacted on the ability lo re¢rL5iI staff across all sectors. A simultaneous increase in funding availability in the conservation sector has also increased recruilmenl competition for FWAG SW, impacting both retention and recruilmenl for the charity, particularly when looking for recruits with more experience. The charity has developed an enhanced and accelerated Irairling programme for new employees so that they can be upskilled quickly to meet the demand for our services and fulfil their own development needs. Recruilmenl issues have forced us lo look in rnore detail at our salary ranges and we invested a significant amount in increasing pay in 2023124 to miligale against the effects of a shortage in skilled stsff. This has an ongoing impact on our largest cost going into 2024125 and, as a result, we have been forced lo increase our chargeable rates and membership rates accordingly. Agricultural Transition 2021- 2027 The 8asic Payment Scheme which pays direct payments lo farmers is being phased out through progressive reductions in payments until the final payment is made in 2027. The impact on farmers of losing their Basic Payment Scheme payments is both a risk and an opportunity for the charity. Reduced payments will impact on farmers. ability to pay for advice. bul we believe il is vital we sUPPOrt farmeis in a¢cessing new funding streams through the Sustainable Farming Incentive and developing Countryside Slew2rdship off8rs Gan help lo offset these reductions and prolecuimprove financial viability in the lulure. We are upskilling our advisers lo be able lo offer an integrated service that provides both business support and conservalion advice, thus offering a rounded package ol whole farm advice. Page 8

Farming and Wildlife Advlsory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 Going Concern The Iruslees are aware of the significant reduction in the charity's reserve5 over the last two years, partly as a result of the draw down of restricted and other upfront project funding and partly due lo the impact of the inllalionary ettonomic environment, as iéentilied above. Curtently our unrestricted reserves are signilicanlly below our Reserves Policy tsrgeled level and Ihe risk of further depletion is a 5ignifi.canl matter for us to consider. To address this, in 2024, trustees have supported the senior management team lo implement a wide range of measures intended to improve the financial position of the charity and increase reserves over the short, medium and long term. FWAG SW has a strong support base in the farming community, in the corporate sector and within government bodies, and an excellent repLJtalion built over many years by our expeiienced and professional workforce. We are confident that by incremental improvements in our operations together with appropriate funding inilialives we will rebuild our reserves levels in order to guarantee our future stability and achieve our charitable objectives. Specific measures taken include.. s18ndardisalion ofdelivery ensuring that chargeable seNices are informed by best practice and performed efficiently. Improved time recording ensuring that advisers, time is accurately recorded and charged for. Enhanced foGLES on cash rnanagemenl with weekly reports and interim billing where appropriate. Grant applications made in respect of core funding and training. already resulting in funding foi our New Shoots campaign. Enhanced project appraisal lo prioritise activities with better chargeable rates or higher charitable value. The Iruslees believe that the cumulative effect of the above measures will return the charity lo a surplus in 2024~25 and this is reftecled in our budget surplus for the year and our management accounts for the six months to 30th September 2024. The trustees have considered the level of reserves, cashflow and recovery plan, in addition to the ongoing financial impact of the cost of living crisis, inflation, agricultural transition and other risks to the charity. They continue lo believe that the Charity remains a going concern and that no adjustments lo the a¢counts are necessary. Significant income Significant income streams lin excess of 5Q/o of total income) during 2023124 were through contracts and grant lunding from Natural England 1£623kl, Somerset Rivers Authority 1£465kl. DEFRA 1£320kl, The Environment Agency (£21 Ok) and Devon County Council1£207kl. Plans for future period5 The Countryside Stewardship application window in the past 6 years has offered an increasing Bmount of work for FWAG SW and the scheme is transitioning into the Environmental Land Management scheme which includes the Expanded Sustainable Farming Incentive during 2024tt5. These schemes are also moving lo a year-round application window and we will continue lo ensure we have the resources lo meet this increasing demand during 2024125. The main locus of our work is tackling the climate emergency and the biodivefslty crisis by influencing and advising on measures that can jointly tackle these problems on farmland. To this end we anticipate increased demand for advisory services on woodlands and trees outside of woodlands. We will continue to invest in this important aspect ol our work. Soil carbon sequestration and soil health generally are also a priority for the charity and we wi15 develop orè projects around these joint themes in future periods. Page g

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 The charity h85 developed a slaged training programme with salary reviews based on knowledge uptake for new and trainee advisers, aiming lo mitigate against recruilmenl and relenb'on issues being faced by OLJr industry. and many others, This programme is now being delivered as a rolling programme and ils first year has been hugely successful and well received. We hopè to learn from the development of the p￿ramme lo provide industry leading training for the development of highly qualified Farm Environment Advisers. Further project funding will be sought from a variety of sources b supplement the potential increase in chargeable work and to find replacemenl funding streams for projects where funding is Coming lo a close. The strategies that have been employed to dale lo meet our charitable objectives will continue for the foreseeable future. Fundiaising FWAG SW predominantly seek grant funding from government agencies and from charitable trusts. To this end, we employ a part-lime fundraiser who is directly managed by the CEO. Fundraising from these sources is becoming a more signilicanl part of our income generation and will continue lo grow over the coming year. requiring greater input from senior management. Fundraising from the public is not a core strategy of the charily. We do not erEgage in large scale public fundraising campaigns or in 51reel, door-to-door or private sile fundraising. In some instances, donation buckets will be displayed al FWAG SW membership events, for people who may wish lo make an additional conlribulion. In recent months and in 2024125 we are embarking on some largeled donation campaigns through our website and directly with our membership. The Iruslees rrK)nitor this situation and will adapt their fundraising policy accordingly should the situation change. No third party fundraisers have been employed, and no complaints have been received in respect of the charity's fundraising activities. Our Supporters In addition lo the many grant makers and collaborators who have supported FWAG Sws work in 2023124, including Natural England's grant of £243,985 towards our Paludicullure Exploration Fund, the FWAG SW trustees wish lo give special thanks lo the following individuals and organisalions ft)r their financial support during 2023124.. Thames Water Community Fund,. Wes8ex Water Services Limited, Environment Agency, Natural England. Wailrose Partnership Services Ltd, Bridgwaler Agricultural Society, Burges Salmon Charitable Trust. Cornish Mutual AssuranGe Co, Cornwall Food and Farming Group, Dartinglon Catile Breeding Trust, Dorset Council, Gloucestershire Agricultural House Foundation, Lipson Lloyd-Jones. Lloyds Bank, Nineveh Trust, PKF Francis Clark. Royal Cornwall Agricultural Association, The Soil A8socialiDn, Somersel Council, Somersel Rivers Authority, Three Counties Agricultural Society, The Valentine Charitable Trust & D R Warner. Thank you also lo all our members and Friends, sponsors. donors, volunteers and supporters. old and new. who continued to generously help FWAG SW in what has been, financially, a very challenging year. Auditors Albert Goodman LLP are deemed to be Te-appoinled in accordance with Section 48712) of the Companies Act 2006. Small company provlslons This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 10

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2024 Statement of Trustees, Responsibilities The Iruslees (who are also directors of Farming and Wildlife Advisory Group South West Ltd for the puiposes of company lawl are responsible for preparing the Trustees, Annual Report lincorporaling the Directors, Report) and the financial statement5 in a¢¢ord3rtce with applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic Df Ireland {United Kingdom Generally Accepted Accounting Practicel. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charitable company and of the income'and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to.. $elect suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgments and estimates that are reasonable and prudent., Stale whether applicable United Kingdom Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basi5 unle55 It is inappropriate lo presume that the charitable company will continue in business. The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial slatempnls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. 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 lo make themselves aware of any relevant audit information and to establish that the auditors are aware of that information, Approved hy the Board of Trustees on 61h November 2024 and signed on ils behalf by: LU A Hosford, Chair of Iruslees Page 11

Farniing and Wildlife Advisory Group South West Ltd Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2024 Opinion We have audited the financial st8tements of Farming and Wldlife Advi8ow Group South Wesl Ltd (the 'charitable company'l for the year ended 31 March 2024, which comprise the Slalement of Financial Aelivilies, the Balance Sheet, the Statement of Cash Flows. and Notes lo the Financial Slalemenls, including a summary of significant accounting policies. The financial reporling framework that has been applied in their preparation is applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard .102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted, Accounting Praclicel- In our opinion the ftnancial statements- give a true and fair view of the stale of the charitable company's affairs as al 31 March 2024 and of its incoming resources and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been PTepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Stand2rds on Auditing IUKI {ISAs {UKII and applicable law. Our rÈ8ponsibilities under those standards are further described in the Aurliloff s responsibilitie8 for the audit of the financial Statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have lulfilled our.olher ethical responsibilities in accordan￿ with these requirements. We believe thai the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing Ihe financial slalements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial slaterllents is appropriate. Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the entity's ability lo continue as a going concern for a period of al least 12 months from when the financial slalemenls are aulhorised for issue. Our responsibilities and U)e responsibilities of the directors with respect to going concern are described in the relevant seclK)ns of this report. Other informatlon The trustees are responsible for the other information. The other information comprises the information included in the Trustees, Report, otherthan the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form ot assurance conclusion Ihereon. In connection with our audit of the fi'nancial slatemenls, our responsibility is lo read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the audit or othÈrwise appears to be msterially misstated. If we identify such material inconsislen¢ies or apparent materi81 misstatements. we 8re required to determine whether there is a material misslalemenl 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 misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. Page 12

Farming and Wildlife Advisory Group South West Ltd Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2024 Opinion on other matter prescribed by the Companies Acl 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report, which includes the Directors. Report prepared for the purposes of company law for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Directors, Report included within the Trustees, Report have been prepared in accordance with applicable lega1 requirements, In the light of the knowledge and understanding ofthe charitable company and its environment oblained in the course of the audit, we have not identified material misstatements in the Directors, Report included within the Trustees, Report. Matters on which we are requlred to report by ex¢eption We have nothing to reFX)It in res￿¢1 of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us., or the charitable company financial statements are not in agreement with the accounting records and returns.. or certain disclosures of trustees, femuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit., or the trusle8s were not entitled to prepare the financial statements in accordance with the small companies, regimg and t8ke advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities set out on page 11. the trustees (who are also the directors of the charitable Company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair yiew, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mis51alement, whether due to fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessing the 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 lo liquidate the charitable company or to cease operations, or have no realistic allernalive but lo do so. Auditor's responsibSllties for the audit of the financial statements Our objectives are to Dbtain reasonable assurance about whether the financial statements as a whole are free from rnalerial misstatement, whether due to fraud or er¥or. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assLJrance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalemenl when il exists. Misstatements can arise from fraud or error and are considered material il, individually or in the aggregate, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slatemenls. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design prO￿dureS in line with our responsibilities, outlined above, to detect material mis51alemenls in respect of irregularities, including fraud, The exlenl lo whtch our procedures are capable of detecting irfegularilies, including fraud is detsiled below.. Page 13

Farming and Wildlife Advisory Group South West Ltd Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2024 The extent to which the audit was considered capable of detecting irregularities including fraud Our approach lo identifying and assessing the risks of material misslatemenl in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations.. we identified the laws and regulations applicable to the company through discussions with 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 financial statements or the operations of the company, including the Companies Act 2006. Charily AGt 2011, Charities SORP 2019, anli-bribery, employment, data protection and health and safety legislation., we assessed the exlenl of compliance with the laws and regulations tdentified above through making enquiries of m2nagemenl and inspecting legal Corresponden￿.. and identifi'ed laws and regulations were communicated within the audit team regularly and the team remained alert lo instan￿S of non.compliance throughout the audit. We assessed the susceptibility of the company's ftnancial statements lo material misstatement, including obtaining an understanding of how fraud might occur, by.. making enqLJiries of management as lo where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal conlrols in place lo 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.- perfomied analytical procgdures to identify any unusual or unexpected relationship5., lesled journal entries to identify unusual Iransaclions.. assessed whether judgements and assumptions made in determining the accounting eslimales were indicative of potential bias.. and investigated the rationale behind si9.nificanl or unusual Iransaclions. In response to the iisk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial slalement disclosures lo underlying supporting documentation., reading the minutes of meetings of those charged with govemance., enquiring ol tnanagement as lo actual and potential liligalion, claims and breaches of relevant legislation., and reviewing correspondence with the Charity Commission and other relevant regLtlators including the company's legal aolviso¥s and insurers. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financlal transactions, the less likely il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulallons lo enquiry of the directors and other management and the inspection of regulatory and1￿al correspondence, if any. Material misslalemenls that arise due to fraud can be harder lo detect than those that arise from error as they may involve deliberate ¢oncealmenl or collusion. A further description of our responsibilities lor the audit of the financial slalements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description forms parl of our audilorfs report. Page 14

Farming and Wildlife Advisory Group South West Ltd Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2024 Use of our report This report is made solely lo the charitable company's membefs, as a body. in aecord2nce with Chaplei 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable COTnpany's tnembers and Iruslees those matters we are required to State to them in an auditof s report and for no other puipose. To the ftjllest exlenl permilled by law, we do not accept or assume responsibility lo anyone other Ihan the charitable company and the charitable company's Members 2s a body and the charitable company's trustees as a kK)dy, for our audit work, for this report, or for the opinions we have formed. Michelle Ferris Bsc (Honsl FCA DChA (Senior Slalutory Auditor} For and on behalf of Albert Goodman LLP, Chartered Accounlanls, Statutory Auditor Goodwood HoLJse Blackbrook Paik Avenue Taunton Somersel TA12PX Dale. aUI113oa4 Page 15

Farming and Wildlife Advisory Group South West Ltd Slatement of Financial Activities including Income and Expenditure Account For the Year Ended 31 March 2024 TOTAL TOTAL 2023 Notes Unrestricted Funds Restricted Funds 2024 FLJnds Funds I ncome froTn: Donations and legacies Trading actimtes.. e)Ent income In￿stment income.. bank interest Other income 132.9D1 4,214 730 1,634 139.479 30,208 163,109 4.214 730 168,448 11,966 442 2,044 182,900 1,634 169,687 30,208 Charitable a¢tiMties 2,885.376 308,502 3,193.878 3.366.493 Total income 3,024,855 338,710 3,363,565 3,549,393 Expenditure on: Raising funds Charitable actimlies 12.450 3,275,872 32,007 423,823 44,457 3,6gg,695 40,192 3,799,109 Total expendlture 3,288,322 455,830 3,744.152 3,839,301 Net in¢omellexpendilure) before transfers {263.4671 . 1117.1201 (380,5871 1289,908) Transfer between funds 12 39,984 (39,984) Nel M0￿Ment in ftjnds (223,483) 1157, 104) 1380,5871 128g,9081 ReconGilialion of funds: Total funds brought fotward 295,705 288,904 584,609 874,517 Total funds cairied forward 12 72,222 131,800 204,022 584,609 The results for the year derive from continuing activities and there are no gains or losses other than those shown above. Page 16

Farwing and Wildlife Advisory Group South West Ltd statement of Financial Activities including Income and Expenditure Account For the Year Ended 31 March 2023 TOTAL 2023 TOTAL 2022 Funds Notes Unrestricted Funds Restricted Funds Funds InGome from: Donations and legacies Trading aGtiMles'. event income Iniestment income: bank interest Ot￿r income 131,275 11,966 442 37.173 168,448 11,966 442 2,044 182,900 127,858 7,488 19 2.044 145,727 37,173 135.365 Charitable actimties 2,600,908 765,585 3.366,493 3.723,694 Total Incorne 2.746.635 802.758 3,549,393 3,859,059 Expenditure on: Raising funds Charitable acti￿tieS 11,294 3.061,258 28,898 737,851 40.192 3,799,109 15,984 3.634,022 Totsl 8xpendlture 3,072,552 766,749 3,839,301 3,650,006 Net incomel(expenditure) before transfers (325,917) 36,009 {289,908) 209.053 Transfer between funds 12 174.666 1174,866) Net M0￿ment in fvnds 1151,251) {138.6571 (289.908) 209,053 Reconciliation of funds.. Total funds brought forward 12 446.956 427,561 874.517 665,464 Total funds cairled forward 12 295,705 288,904 584,609 874, 517 The results for the year derive from continuing aclivllies and there are no gains or losses. other than those shown abDiIe, Page 17

Farming and Wildlife Advisory Group South West Ltd Company Registration Number.. 07865031 Balance sheet As at 31 March 2024 Notes 2024 2023 Fixed Assets Tangible Assets 38,292 18.728 Current Assets Debtors Cash at bank and in hand 653, 156 300,285 953.441 1.058,603. 236,921 1,295,524 Creditors falling due within one year 1757.643) (694,1901 Net Current Assets 195,798 601,334 Credltors falllng after more than one year 130.068) 135,4531 Total Net Assets 13 204,022 584,609 Funds of the charity Restricted Funds Unrestricted Designated Funds Unrestricted General Funds 12 131.800 56,317 15,905 288,904 18,728 276.977 12 12 Total Charity Funds 13 204,022 584,609 The financial slalements have been prepared and delivered in accordance with the special provisions relating to small companies within Parl 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The notes on pages 20 to 33 fotm part Df these accounts Approved by the Board foi issue on 6lh November 2024 and signed on ils behalf by: A Hosford Trustee A Daros Trustee Page 18

Farming and Wildlife Advisory Group South West Ltd Statement of Cash Flows For the Year Ended 31 March 2024 2024 2023 Notes Net cash provlded by l {used in) operating activities 16 105,457 (117.5121 Cash flows from Invesllng activities Interest income 730 442 Purchases of tangible and intangible fixed assets {42,823) 117.124) Proceeds from sale of fjxed assets 250 Net cash provided by l (used inl Investing activities 142,0931 (16,432) Cash flows from financing activltiès Cash inlowsl{outnowsl from new borro￿ng Change in cash and cash equivalents in tho year 63,364 1133,9441 Cash and cash equivalent at the beginnlng of the year 236,921 370,865 Total cash and cash equi￿lent al the end of the year 300,285 236,921 Page 19

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 Accounting policies General Information and basis of accountlng Farming and wildl￿fe Advisory Group South West Limited is a company limited by guarantee incorporated in the United Kingdom under the Companies Act. The maximum liability of each member is limited lo £1. The address of the registered office is given on page 1. The nature of the charity's operations and ils principal activities are set out in the Trustees, Report on pages 2-11. The financial statements have been prepared in £ sterling and in aGcordance with accounting and reportlng by Charities-. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191- Icharilies SORP IFRS 10211 and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost 01 transaction value unless otherwise stated in the relevant accounting policy. Income All income is included in the Slalement of Financial Activities when the charity is entilled lo the income and the amount call be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income.. Donation income is received by way of general grants, donations and gifts and is included in ftjll in the Slalement ol Financial Activities when receivable. Membership amounts are deferred across the duration of the membership. Other trading activities iricome includes income in relation to fundraising and is in¢luded in the Statement of Financial Activities when receivable. Investment income is included in the Statement of Financial Activities when receivable. Income from grants (including govemmenl grants). relatin9 specifically lo the provision of goods or services as parl of charitable activities are included in full in the Slalement of Financial Activities when receivable and Ir) the period lo which they relate. Grants are deferred when monies have been received in advance of the period lo which they relate. Where no period is specified, grants are recognised to the extent lo which the charity has the ability lo carry OLJt the activities within their Control, Performance related grants are included within Charitable Activities income. Donated seYvl¢¢s In accordance with the Charities SORP IFRS 1021, the unpaid volunleertime is not reGognised in the financial stalemenls. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. All expenclilure, gross of any irrecoverable VAT, is reported as pail of the expenditure lo which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services lo clients. Costs that can be allocated directly lo activities and costs of an indirect nature necessary to support them are allctaled across indlvidual expenses. Admin services relates to costs which the charity charge lo projects for administrative time where permitted by the funding. Fixed assets Tangible fixed assets are staled al cost less depreciation, Depreciation is provided al rates calculated to write off the cost less eslimaled residual value of each asset over ils expected usefLtI life. as follows.. FurrTriture, Iixtures and plant Computers and equipment over 4 years straight line over 3 years straight line Page 20

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 Debtors Trade debtors are recognised at the settlement amount due after any trade discount offered. Accrued income is recognised al the selllement amount due. Other debtors comprise prepayments, which are valued al the amount of expense relevant to future peTiods and other debtors, which are recognised at the selllemenl amount due. Cash at bank and In hand Cash at bank and in hand comprise cash on hand and call deposits, and other 5hort-term highly liqtjid investments that are readily convertible lo a known amount of cash and are subject lo an insignificant risk of change in value. Creditors Creditors and provisions are recognised Whe￿ the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due lo settle the obligation can be measuied or estimated reliably. Giedilors and provisions are recognised at their selllemenl amount. Taxatlon The company is a registered charity applying all income and gains lo eharitable purposes and is therefore not liable lo corporation tax. 1.10 Pension contylbutions The charity operates a defined contiibulion pension scheme. The scheme and ils assets are held by independent managers. Contributions are recognised in the Ststemenl of Financial Activities in the period in which they become payable in accordance with the rules of the scheme. 1.11 Fund accountlng General funds are unrestricted funds receivable or generated for the objects of the charity without further specified purpose and are available as gener25 funds. Designated funds are unreslricled funds earmarked by the trustees for particular purposes. The trustees have designated certain unrestricted funds, representing the net book value of the unreslri¢lecl fixed assets usèd to enable FWAGSW to fulfil ils charitable activities. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets thls criterion is charged to the fund, together with a fair allocation of management and support costs. 1.12 Leasing and hlre purchase commitments Assets obtained under hire purchase contracts and finance lease5 are capitalised as tangible assets and depreciated over the shorter of the lease term and their usetul lives. Obligations under such agreements are included in creditors nel of the finance charge allocated lo lulure periods. The finance element of the rental payrnenl is charged to the Statement of Financial Activities so as lo produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals payable under operating leases are charged to the Slalemenl of Financial Activities as incurred over the term of the lease. 1.13 VAT The charity has a partial exemption from VAT. Irrecoverable VAT is included in the costs of those items to which it relates. Page 21

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 1.14 Going Concern The trustees sel out in the Trustees Report their assessment of the applicability of the going concern assumption to the charity. Successive delicits in the last two financial statements and a significant reduction in free reserves result in increased 5Grutiny being required. Measures to improve financial performance have been implemented and are showing positive results. Detailed budgets have been prepared for 2D24-25 which indicate a surplLÈS for the year. and initial results are also reporting a surplus. Liquidity has been modelled on a monthly basis with no requirement indicated for the need for additional working capital or other sources of financing within the period or subsequently. Accordingly, the trustees are satisfied regarding the ¢harFty's ability to continue in operational existence for the foreseeable future, having reviewed the financial position, level of reserves 8nd ftjture plans. In forming this opinion, the trustees have considered the ongoing financial impact of the cost of living crisis, Inflationary pressures and other risks lo the Charity. Trustees continue to believe that the charity remains a going concern, that the going concern basis of accounting is appropriate and that no adjustments lo the accounts are necessary. 1.15 Flnanclal Instruments The charity only holds basic financial instruments as defi'ned in FRS 102. The financial assets and liabilities of the charity and their measurements are as folk)ws'. Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured al amoTlised oosl. Prepayments are not financial inslrumenls. Cash al bank- is Classified as a basic financial instrument and is measured at face value. Financial liabilities - loans, trade creditors, accruals and other creditors are financlal inslrumenls, and are measured al amorlised cost. Tsxalion and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed lo be a ftnancial liability, as the cash selllemenl has already taken place and there is an obliyalion lo deliver services rather than cash or another financial instrument. Net incomel (expenditure) before transfers The nel incoming resources for the year are stated after charging.. 2024 2023 Operatir)g lease rentals Depreciation and amortisation of owned tangible & intangible fjxed assets Loss on disposal of fixed assets Auditoffs remuneralion audit fees other ser￿CeS and irreco)Erable VAT 36,197 23,259 34,106 15,447 34 5,570 998 5,868 1,227 Income from government grants comprises grants made by Government agencies and local authorities to fund specific projects. No performance related grants recognised in income have had any unfulfilled conditions or any other contingencies allaching lo them. Page 22

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 Donatlons and legacies Unrestrtcted 2024 Restricted 2024 Total 2024 Donations and gifts Kingfisher scheme Membership subscriptions 13.606 307 13,913 29.901 119,295 29,901 119,295 132,901 30,208 163,109 Unrestiicled Restricted 2023 Total 2023 2023 Donations and gifts Kingffisher scheme Membership subscriptions 17,883 1,450 35,723 19,333 35,723 113,392 113.392 131.275 37,173 168,448 Income from ¢haritable activities - 2024 Unreslricled 2024 RestTicled 2024 Total 2024 Core work Project work 283,450 2,801,926 283.450 2,910,428 308,502 Total income from charitable actiirilles 2.885,376 308,502 3,193,878 Project work consists of: Unrestrlcled 2024 Reslricled 2024 Total 2024 G0￿Mment grants Other grants GO￿rnMent contracts Other contracts Farm Plasli¢ Recycling 1,013,980 61,517 1,088,649 380,244 57,536 165,395 128,107 1,179.375 189,624 1,088,649 395,244 57,536 15,000 2,601,926 308,502 2,910,428 Page 23

Farming and Wildllfe Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 Income from charilable activities - 2023 Unreslricled 2023 Restricted Total 2023 2023 Core work Project work 340,928 2,259.980 340,928 3,025.565 765,585 Total Income fr(xn charitable actimlies 2,600.908 765,585 3,366,493 Project work consists ofr. Unrestricted 2023 Restricted 2023 Total 2023 CO￿rnment giants Other grants GO￿rnrnent contracts Other contracts Fam Plastic Recycling 1,150,704 34.257 714,115 306.722 54,182 450.397 301,197 3.991 10,000 1,601,101 335.454 71.8,106 316,722 54.182 2.259,980 765,585 3.025.565 Expenditure on charitable activities Unreslri¢led RestTlCted 2024 Salary costs Subcontractor costs Project and core direct costs Travel and subsistence Employee training and welfare Office costs 1,953,653 32,773 935,174 62,819 90,664 161,903 42,212 14,3261 171.471 240 241,400 6.386 2,125,124 33,013 1,177.574 69,205 90,664 161,903 42,212 Admin costs Admin senrices 4.326 3,275.872 423,823 3,699,695 Page 24

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 Expenditure on charltable activities (continued) Unreslricled Restricted 2023 Salary costs . Subcontractor costs Project and core direct costs Tra￿[ and subsistence Office costs Admin costs Admin seNces 1,520,013 31,753 1.198,753 58,673 148,563 116,694 11,191) 299,345 1.853 408,083 17,319 1,819.358 33,606 1,606,836 74,052 148,563 116,694 11.191 3,061,258 737,851 3,799, 109 Admin ServI￿S are the transfer of costs to restricted funds in line with the individual funding agreements. In 2023124 grant5 of £232,300 were paid lo landowners12022123. £136,811) and £49,110 to inslitulions12022123,' £34,511) on behalf of grant making Government agencles. charities and water companies. Governance costs of £10,750 12022123.. £9,856) have been incurred, including external audit £6,450 12022123.. £6,127), accountancy fees £64512022123.. £4411 and trustee indemnity insurance £3,60012022123'. £3,1251. The cost of trustee meetings in 2023124 was £5412022123.. £1631. Governance costs are included within expenditure on charitable activities in the SL9temenl of Financial Activities. Wages and salaries 2024 2023 sala￿es and wages Soclal Setturily costs Pension costs 1.892,664 161,250 71,210 1,620,276 134,017 65,065 2,125.124 1.819.358 The charity operates a defined contribution pension scheme. The pension charge for the year represents contributions payable by the charily lo the scheme ar¢d atnounled lo £71,21012022123.' £65.065}. Contributions of £5.894 {2023'. £5,800) were payable lo the scheme al the end of the year. One employee was paid over £6D,00012022123'. nonel, with total employee benelils be￿een £60,000 and £70.000. During the year, no Irusiees were reimbursed travel expenses12022123'. none). No remuneration was paid lo any trustees during the year12022123'. none). The key management personnel of the charity are considered lo be the CEO and Head of Advisory Services. The 10181 cost to the Charity of employee benefits for the key management personnel was £125.20412022123.' £107.5501. During the year. no settlement paymenls12022123'. £2,688) nor enhanced notice paymenls12022r23.' £4,481) were made in full and final settlement of employment issues. At 31s1 March 2024, the payments outstanding were £nil 12D22123.' £nill. Page 25

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 The a￿Tage monthly nuFllber of employees during the year, and their fvll-time èquivalents IFTE} were.. 2024 FTE 2023 Total FTE Total Project work Administration 47 57 46 55 67 53 Related parties There were no related party transactions requiring disclosure12022123'. nonpl. Tanglble assets Furniture, xtLtres and plant Computer and other equipment Total Cost= At 1 April 2023 Additions Dlsposals Al 31 March 2024 7,459 1,056 77.118 41,767 11,940) 116.945 84,577 42,823 {1,9401 125,460 8,515 DÈpre¢iation'. At 1 April 2023 Charged in the year Disposals At 31 March 2024 4,450 1.550 61,399 21.709 (1,9401 81,168 65,849 23,259 (1,9401 87,168 6,000 Net book"value.' At 31 March 2024 2,515 35,777 38,292 Al 31 March 2023 3,009 15,719 18,728 Debtors 2024 2023 Trade debtors Ac¢rued Income other debtors 316,653 312,467 24,036 588.597 443,990 26,016 653,156 1,058,603 Page 26

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 10 Creditors Creditors: amounts falling due within one year 2024 2023 Loans and borrowngs Trade creditors 5,385 190,877 110,034 226,431 25,338 199,578 5,252 157,927 130.835 107.941 24,855 267,380 Accruals Taxation and social security Deferred income Other creditors 757,643 694,190 Creditors: amounts falling due after more than one year 2024 2023 Bank loans Less.. shown as due wthin one year 35,453 15,3851 30,068 40,705 {5,2521 35.453 Split as.. Due within two lo fiiE years Due after more than 5 yea18 22.935 7,133 30,068 22.370 13,083 35,453 On 27 May 2020 FWAG Swtook advantage ofthe Governmènt backed Bounceback Loan Scheme in order lo help protect the charity's Gashflow in such uncertain limes. An unsecured loan of £50,000 was ieceived from Nalwest Bank plc. The loan Is being repaid over a nine year period, which commenced in June 2021, following Ihe initial 12 months in which no interest accrued and no repayments weTe due. A fixed nominal interest rale of 2.5Q/o is applied. resulting in total interest of £5,945 over the term of the loan. 108 monthly repayments of £518 are being made. with the final instalmenl due in May 2030. 11 Deferred income Where amounts are received in advall￿, for a specified period. these funds are deferred and recognised in the period lo whlch they relate. Deferred income comprises of.. 2024 2023 InclLsded within donations.. Membership subscriptions 25,338 24,855 Deferred illcome as al 31 March 2024 25,338 24,855 Deferred income as al 31 March 2023 Released in year Deferred in year 24,855 124,855) 25,338 23,680 123,680} 24,855 Deferred income as at 31 March 2024 25,338 24,855 Page 27

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 12 statement of funds 1 April 2023 Transfer Income Expenditure tetween funds 31 March 2024 Restrlcted funds AnlEn8llon Thirty Percy Integrated Local Deli￿ry Brue Priority Catchment Project Carrant 0￿[bury Collaboration Coln Ri*rs & Wetlands Cornwall Farmlan¢J Bird Project CPF Catchment Partnership CPF Upper Thames Dilerse Winter Forages Dorset Wlld RI￿r8 Eden Project Soils Training Fwm Adwce Project Feedi￿ GIoucest8rshir8 Sustainablo Food Places GREATWtsods 6,084 13,8311 123,0721 12.2531 14,7671 17,6041 12.3571 12,9571 27.839 7.604 5,000 3.500 15.000 7,$00 11,6431 12,9751 115,0001 17,5001 15701 14,3681 2,432 570 7,000 2.822 3.000 3,000 37,381 150,000 21,642 130.8591 1132.0001 124,5081 18,5221 120,0001 20,000 18,4951 '2,WO 8.000 30.000 5S.010 6.000 8,000 25.134 21,505 4,685 7.757 8.345 856 GREAT Zerodig KAS - General Fund KAS - Cornwall KAS- De￿n KAS - Dorsel KAS~ Glos KAS . Somerset KAS - Willshire Local Nature Partnership Long Bredy Famier Group Moorlinch Moors Association Moorlinch Moors Association Gateways Moorwood Shdterbelt - Tr8e Council New Shoots 15C>.3251 17811 16,1881 9,662 5,533 856 17,1241 1,000 8,526 4,882 716 1,650 9,98 8,325 5.258 6,568 18.2621 [7,6491 18,7141 14121 19,9861 114,7851 17,4781 6,589 2,491 4,694 1,238 10,000 6,124 .10,000 16,481 100 11,6981 7,760 160 382 160 2.007 297 2,007 297 sa￿n￿ Oewn's Treesc8P6S Somer5et Frome Multi-Benefil WEIF Somerset From8 IS. 1061 UK Fund l)id preparation WILD Phase 2 Year 4 WEIF Woodland Trust Sheltetbelt 5,302 7,500 8,740 79,163 10,000 6,422 5,000 15,4071 18.8391 173,4211 7,395 11011 5,574 11,318 10,000 13,6201 13,8371 12,802 1,317 RestrlttÈd funds 288,9D4 8,710 1455.8301 139,9841 131.8OD Unrestrlcted fund8 Designated funds - fix6d assgts Designated funds - other General fund5 18,728 123.2591 42.823 18.025 120,8641 38,292 18.025 15,905 276.977 3,024,855 I3,265,[￿3) Total Funds 584,609 3,363,585 13,744,152) 204,022 Page 28

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 12 Staternent of funds- 2023 1 April 2022 Tran8 Income Expenditure between ￿ndS 31 March 2023 Restrlcted ftsnds Aniwlion Tririy Percy Inlegraled Local Deli Bledingion & Weglcote Br￿￿ WILD B￿dingIC>n & Weslcole Brook WILD 2 WEIF B ￿e Priority CalchtDOnt Proiecl Carr8nt 0￿rbury Collaborati Coastal Le￿15 Prqecl Comw811 Farrnlaryt Bird Pr(¥ecl CPF Calchmenl Partn9rship CPF UpperThames DèKil's Brook WEIF Pfe 2 Diwse Winter Forage ODr3el Wild RI￿rS Eden ProjBCI Soi18 Training Exmw Allanlic Rginfr>rest Farrn Ad%ice Proje FeeLllng G1￿CestershIrelsU&tairnab1e Food Places Feeding Gl<)uce5tershirlSuslainable Food Places Filllng Ihe Gap CPRE Flourishing Fl(x)dpl¥ins GREAT Pro1￿1 GREAT Pro1￿t- Glos Fo￿* P¥rtnerstrip KAS- Gener￿1 Fund KAS- Cornwall 15.000 76 18,9161 6,084 1761 30.482 37.471 130.4621 145.8fj01 8, 139 7.604 1.389 15,850 29,459 125, 1891 (5,8141 135.0001 {7.5001 11.fj741 111.8331 114,OQ)I 15,6591 17,6041 2,432 3S,OJO 7.50Q 1,271 11,833 14,000 3.000 1.600 50,000 1971 3.000 11.8001 112.6191 180.0001 18,3581 12,0001 1166.8031 1131,0081 111,9531 12,3151 15,7471 13, 1911 11.9741 12.1181 19.5511 14.0021 1271 37.381 150,IJ)O 21,642 250.000 120,0001 20,000 141 114,4501 10,DOO 3,027 1111.253 148.000 7.000 5.000 3,603 3,000 10,500 6.0(X) S,583 2.037 11.0231 102.159 4,953 6,977 7.877 1,047 9.662 5.533 856 KAS - Do￿￿ KAS - Dorsel KAS - Glos KAS- SoMer8et KAS- Willshire Lwal AulhDrily Treescap& Fund .Loc£l Nature partnershlp Long Bredy Farmer Group Moorlinch MO0￿ A$sttialion Moortinch Moors Association Gatfft¥ay Moorwood She11etbell- Tree Council Network Rail EnhanC￿￿ent Corridor Sa%qng Be￿￿,8 Treescapes Somersoi Frome 0￿￿11-Benefit WEIF Sometsel Frome IS.1061 s￿nerSel Water Forum Trep Council l NR Cornmunity Tr¢È Planting Trees Seeding Trial Uppw Th¥mes Hedge5 & Tr WILD 2 EA WILO Ph8se 2 Year 4 WEIF WILD Weslbuty Brook I Wslmore Ci)mmon WEIF W(vdlsnd Trust Shdleib8lt Yealm Esiuary to Moor 8.528 4,882 718 1,850 1,000 4.684 3,615 11401 167 10.000 9.923 5,880 9.986 15.8291 14,0941 1.880 160 7.760 160 11,452 3,991 11,2SO 30.821 23.533 2.000 630 111.452) 12,7211 12.9661 l?.S,1611 121,1251 12,1281 160DI 1,2701 12,9821 IS,0781 5.302 616 3.1e$ 1,000 1.825 256 5,574 18721 11.8551 12561 12,4551 14.8051 14291 11.1421 2,455 4,605 29.166 25.6Q7 11,450 3.125 128.7371 124.4651 112.6881 11.6991 1.392 154 11,4281 R•8tri¢ted funds 427,561 802,758 1766,7491 1174.6661 288,9)4 Llnrestrlcted fund r)e$ignaled General fimds 17.267 429.689 115,6631 13.056.889) 17, 124 157,542 18.728 276,977 2.746.635 Total Funds 874,517 3.549,393 13.839.301) $84,609 Page 29

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 12 Statement of funds- continued The transfers made are management charges and release of SLtrplus on the projects, as permitted by the relevant funding providers. Material reslricled funds inclLJde-. Bledington & Weslcole Brook- this restoration project addressed water quality issues. 11 involved engagement with farmers and landowners to improve land management, as well as installing leaky woody barrièrs to tip water inlo a meadow lo create a wetland. reducing scouring and erosion issues. Tree and hedge planting created habitat links and pollarding reduced overshading. 11 enhanced priority habitat and restored ditches to reconnect the river to the flood plain, with the benelit of Improving water quality by removing sediments trom the river and depositing them on land. Brue Priority Catchment Project is ￿nt￿d on identifying opportunities for implementing 'Groundwater Working with Natural Processes, within the upper Brue Calchmenl. 11 is also developing an integrated landscape headwaters approach with our partners looking al the Brue, the stour, and the Somersel Frome to maximise environmental outcomes and elficiency of resources. Coastal Levels - The overall aim of the project, known as Enhancing Climate Resilience on the Somersel Coast, was lo protect and enhance the Somerset coast's natural heritage by delivering landscape-scale inlervenlions lo create and restore habitat for biodiversity and ecosystem setvices, and enhance resilience to climate change. CPF Catchment Partnership funding is monies provided by the Environment Agency lo FWAG SW for hosting. establishing and developing a Catchment Partnership for the South and West Somersel rivers catchment. Farm Advice Project- The aim ofthis partnership project has been lo deliver a pilol that demonslrales how farm and community advi￿ provision can be efficient to deliver societal transformational change. At ils heart was support for agro-ecological farming practice that delivered nulrienl dense food that also delivered multiple public goods for society. 11 had the opportunity lo demonstrate lo both national and local government how to create a systems approach to enabling farmers and communities lo act now for climate emergency and how they might become resilient both economically and environmenlalty. Feeding Gloucestershire - this project aimed to campaign for food equity across Gloucestershire and facilitate emergency food provision to corrtrnunilies across the county.11 supported organisalions supporting communities lo address food issues and other cost of living challenges, and developed Sustainable solutions lo food equily for example through connecting with lood and farming. The Sustainable Food Places project has linked the shared learning from the national Sustainable Food Places initiative lo the Feeding Gloucestershire Project and the Gloucestershire Food and Farming Partnership. The aim was lo facilitate Gloucestershire as a case study for the implemenlalion of.the national food strategy. Flourishing Floodplains- The overall aim of the project was lo restore the vibrant landscape, heritage and biodiversity associated with the Severn & Avon Vales. 11 restored priority wetland habitats in the farmed landscape, used recovery of the much-loved curlew as a flagship, built local capacity for floodplain restoration and marFagement, and increased community engagement and citizen science. GREAT Woods -The people and woods programmes aims lo address the lack of skilled labour in the forestry sector. These valuable skills are needed, as these new woodlands need planting and managing by trained individuals, in order lo meet climate targets and improve biodiversity. The programme aims lo provide practical training and offer experience for people from a diverse range ot backgrounds, without the necessary skill sel, qualifications or funds required to achieve career Iransilion. The programme will also aim to provide management and restoration ol live woodlands with the focu8 on bringing these back into sustainable Production and will become self- funding, by providing be8poke sustainable. Page 30

Farmtng and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 GREAT Zerodig- The Project is an exemplar case study. demonstrating agro-ecological farming and growing. showing the essential role of nature fiiendly land management. This includes climate change adaplalion through food security, carbon capture. biodiversity recovery. social inclusion and water management. The Project also conlribules lo delivering the adopted Gloucestershire Food and Farming Pailneiship Vision, and the developing Acl¢on Plan. GREAT Projects - These projects centred on working with regensrative farmers and growers in Gloucestershire on four streams of work.. building evidence, sharing knowledge, nurturing &nlerprise and co-ordinating the Good Food Revolution Partnership. The aim was to move towards a regenerative system that rebuilds soils, habitals, landscapes and communities. The funder advised that restrictions on this funding were removed during 2022123 and a transfer created lo reflect this transition lo unreslricled funds. In 2023124 the £18,026 balance of this funding has been designated as match funding for an English Rural Pioleclion Fund grant due lo be received in 2024125. S Corriwall, Devon, Dorset, Gloucestershire, Somersel and Willshire. These funds all relate lo the monies raised lo fund the Kingfisher Award Scheme in each of the counties listed. The scheme provides 'hands on" edu¢ational days on farms for primary school children to leach them the importance of farrning and wildlife, Somerset Frome Mulli-Benelil - works lo improve water quality and reduce dirfuse pollution in the headwaters by improving infrastructure, water and nulrienl management on c21chment farms., giving advi￿ through bespoke farm management plans, providing grants and monitoring outcomes. Somerset Frome {S.106) - To develop a robust calchmenl scale hydrological model which can be used lo assess the impact on flood risk from the implementslion of a variety of Nalural Flotxj Management measures within the catchment. WILD Phase 2 - The project engages with farmers within the WILD projeel area through the year lo understand challenges and opporlunilies. Direct actions are to improve and restore biodwersity within the riparian corridors along all waterbodies Ihrotjgh riverbank restoratior¢, creation of fish habitat, a balance of shade, reductions in sill to rivers, improved ditch networks and in-channel work to deflect, improve flow, slow flows along the water course and improve water quality. addressing smaller tributaries leading into rivers as well as main rivers. VMLD Westbury Brook- The aim of the project was lo engage with landowners and deliver whole farm appraisal plans for forty famis within the Vveslbury Brook and Walmore Common SSSI calchmenls. The project plan was to reduce sediment from entering walerbodies across the catchment. In addition lo reslrittted funds, trustees have created a designated fund of £18.025 as match funding for the Rural England Proleclioll Fund grant applied lor al the end of the financial year. This funding will be ulilised to purchase equipment for Ihe Zerodig project. Page 31

Farming and Vvildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 13 Analysis of net assets between funds As at 31 March 2024 Unrestricted Restricted Total Fixed assets Current assets Creditors due within one year Creditors due after more than one year 38,292 761.653 1697,655) 130,0681 38.292 953,441 1757,643) (30,068) 191.788 159.9881 72,222 131,800 204,022 As at 31 March 2023 Unreslticled R8slricled Total Fixed assets 18,728 913.518 1601.088) 135,453) 18,728 1,295.524 1694, 1901 135,453) Current assets 382,006 {93.1021 Creditors due wlhin one year Creditors due after more than one year 295,705 288,904 584,609 The trustees have established a designated fund equivalent lo the net book value of tangible fixed assets used lo enable FWAG SW lo Garry out its charitable work. In the year £42,823 was spent on capital from unresl¥icled funds 14 Company limited by guarantee The Company was incorporated as a company limited by guarantee and has no share capital. The guarantee lo the company is £1 per member on the winding up of the company. At 31 March 2024 the company had seven members and the total atnount guaranteed is therefore £7. 15 Financial commitments Al 31 March 2024 the charity was commilled lo making the following paymen18 under non-cancellable operating leases.. PREMISES Payments falling due.. 2024 2023 Wilhin one year Between two and year5 In more than years 23,417 24,559 30,312 42,688 47.976 73,000 OTHER ASSETS Payments falling due: 2024 2023 Within one year Between two and file years In more than five yèars 4,327 6,490 3,895 1,947 10,817 5,842 Page 32

Farmlng and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2024 16 Note to the cash flow statement 16{a) Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net M0￿ment in funds Add back." Depreciation charg Lossllprofltl on disposal of fixed assets Deduct., Deposit interest Decreaselllncreasel in debtors Incr&asellDecreasel in creditors 1380,5871 23,259 1289,9081 15,447 1341 14421 495,039 1337,6141 17301 405.447 58.068 Net cash proMd8d by I Ius8d (nl operating actlMIios 105,457 1117,5121 17 Net debt reconclllatlon Start of year Ga$hflows At year end Cash at bafftk and in hand 236,921 63,364 300.285 Bank loan falling Mrithin 1 year Bank 108n falling due in less than S years Bank loan falling due after 5 yeaTS {5,2521 {22, 3701 {13,083} 11331 15661 5,950 15,3851 (22.9361 (7.1331 196,216 68,615 264,631 Page 33