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 Pf*e 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<)uce5tershir*lSuslainable 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