2025-03-31-accounts

Farming and Wildlife Advisory Group South West Ltd IA Charitable Company Limited by Guarantee) Annual Report and Financial Statements For the Year Ended 31 March 2025 Company Number: 07865031 Charlty Reglstered In England and Wales Number: 1146071

Farming and Wildlife Advisory Group South West Ltd Contents For the Year Ended 31 March 2025 Pa Reference and Administrative Details Trustees. Annual Report 2-13 Independent Auditors, Report 14-17 Stslement of Finanolal ActNities 2024125 18 Statement of Financial Activities 2023124 19 Balance Sheet 20 Statement of Cash Flows 21 Notes lo the Financial Statements 22-36

Farming and Wildlife Advisory Group South West Ltd Reference and Administrative Details For the Year Ended 31 March 2025 Charlty name Farming and Wildlife Advisory Group South Wesl Llmiled Othor name8 FWAG SW Charlty nurnber 1146071 Company number 07865031 Trustees and Dlrectors M Bradley A Daros C Fowle S Gibson B Hole A Hosford M Humphry S Walker H Webb C ljmlson (appointed 21 May 20251 Irelired 19 November 20251 (appointed 21 May 20251 (appointed 21 May 2025) Irelired 6 November 20241 Irelired 19 November 20251 (Chair appointed 6 November 20241 Chief Executive Officer A Lockyear Reglstered Offlce Hawkridge House Summerfield Way Chelslon Business Park Wellington Somer$et TA219JE Auditors Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA12PX Banke Natwesl Bank PLC 26- 27 Fore Street Taunton Somerset TA1 1JQ Page 1

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 The trustees, who are also directors for the purposes of the Companles Act, present their report and the flnancial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the aceounting policies set out in note 1 and comply with the charity's memorandum and articles of association. The provisions of the Statement of Recommended Practice Accounting and Reporting by Ch8rilies" (SORP FRS 102 implemented 1 January 20191 have been adoptèd in preparing the annual report and financial slalemenls of the charity, and they are in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Structure, governance and management Farming and Wildlife Advisory Group South West Ltd {'FWAG SW'I, is a charity registered with the Charity Commission in England and Wales, and is a Company limited by guarantee. incorporated on 29 Novembor 2011. The governing document of FWAG SW is the memorandum and articles of association dated 29 November 2011. The trustees, who are also the directors for the puipose of company law, who served throughout the year, unless otherwise stated, were: M Bradley A Daros C Fowle S Gibson B Hole AB Hosfofd M Humphry S Walker H Webb C Wlson {appoinled 21 May 20251 (retired 19 November 2025) lappointed 21 May 2025) lappointed 21 May 2025) Irelired 6 NovembeT 20241 Irelired 19 November 20251 (Chair appointed 6 November 2024) New Iruslees are invited lo become trustees by the existing trustees and at the subsequent Annual General Meeting they are formally elected to the Board by the existing trustees. Trustees resign after each Ihree-year appointment and can be re-appointed for each further three-year term, initially serving a maximum of nine years. None of the trustees has any beneficial interest in the company. All the trustees ale members of the company and guarantee to contribute £1 in the event of winding up. Recruitment of Trustees FWAG SW seeks lo have a mix of plofessional experience on the Board of Trustees Ilhe Board) as well as a broad regional representation from Ihe farming community. The Memorandum and Articles of Asso¢iation of FWAG SW slate that all members of the Board should give their lime voluntarily and receive no benefils from the charity. Trustees may claim reasonable oul-of-pockel expenses. Tfuslees are elected to the Board at the Annual General Meeting and are pul forward by current trustees. Potential trustees are selected to provide a wide range of differing experience and skills that can benefit FWAG SW slralegically and to ensure effective goveinance. Trustees are also being sought based on recommendations from legal and other professional firms. Trus eel tion and Ir21nSn Trustees are selected from those that have subscribed lo a FWAG SW membership package, work, or have worked, in partner organisations, have a spe¢iallsm that is of practical use lo FWAG SW or who have applied directly. They are usually dedicated lo the consetvalion of wildlife, alongside their commercial or professional 8Ctivities. Therefore, new Trustees a￿ already conversant with tho aims and objectives of the charity. prior to their appoinlmenL FWAG SW Farm Environment Advisers are invited lo selected agenda items al Extraordinary Gener81 Meetings to provide practical 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 2025 Trustees are given copies of the Charities Commission's 'The Essential Trustee.. What you need to know (CC31°, 'Public Benefit.. the public benefit requirement IPB11" Public Benefit.. runr5ing a charity IPB21 Public B$nefiL reporting IPB31 and the Charity Governance Code lo provide them with the knowledge to understand their roles and responsibilities a5 a trustee. Trustees are encouraged to reread this regularly and they are Sent lo all ITu$tees on an annual basis by the Chief Executive Officer ICEOI. Additionally Iruslees are provided with copies oflhe Memorandum and Articles of Association of the Charity so that they may familiarise themselves with the governing principles of the charity. FWAG Sws accountants (Albert Goodman LLP) provide the trustees 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 trustees al board meeb'n9S together with commentary and explanation$ as required. anisa FWAG SW Currently has a Board of Seven trustees thal meet at least quarterly and are responsible for Ihe strategic ¢Jirection, poliGy and governance of the charity. To remain quorale, the Board must have al least three trustees present al any meeting. Meetings are generally held in person but can be held Temotety if required. A scheme of delegation is in place and the CEO has day-to-(8ay responsibility fof the provision of all aspects of the services of the charity. FWAG SW managers and senior advisers are inviled lo board meetings regulaily lo dls¢uss the issues they face and lo provide feedback to the board on the charity's aclivilies. Related arties and coo eralion with other OT anisations None of the trustees receive remuneration or other benefit from their voluntary role with the charity. Any conr*ection be￿een a Iruslee or senior manager of the charity and any client, contractor or supplier must be disclosed to the full board of trustees. Any related party transactions would be disclosed in note 7. The charity is a founding partner of the national FWAG Association, with other FWAG organisations, as well as LEAF and GVVCT. FWAG SW advisers have been involved with the RPA Agri-Environment stakeholders Working Group {AESWGI and Defra Farming and Countryside Programme forum to give feedback on current and future agrt- environment schemes as well as providing feedback on policy al all levels. FWAG SW has partnered and worked with ¢ounty Councils across the south west region, National Landscapes (formally AONBsl, DEFRA, Westcountry Rivers Trust, The Wildlife Trusts, The Woodland Trust, Slimbridge, Exmoor NPA, The Game and Wildlife Conservancy Trust IGWCTI, 8ristol Avon River Trusts, Intemal Drainage Boards. National Trust. Natural England, the Environment Agency and many others acknowledged in this narrative. Risk mana emenl The Iruslees have identified the risks to which the charity is exposed in a Risk Register which is reviewed al least annually. The major threats that the Iruslees believe could cause a significant impact on the charity and the policies, prO￿dureS and other measures that are in place lo mitigate those risks are included within the Risk Register. Ke Mana ement Personnel Remuneration The trustees considered Ihe key management personnel ofthe charity to be the CEO and Head ofAdvisory Services. Following the Head of Advisory Services promotion to CEO during the year the key management personnel is now cohsidered to be the CEO. RemLsneration for this financial year is detailed in note 6 of the accounts. The board reviewed the CEO'S remuneration and awarded an appropriate pay increase during the prior year. In light of the change of CEO and the proposed Job Evaluation Exercise no specific Key Management Remuneration alterations were required in the period under review. A's more data becomes available for Comparable posts al charities of a comparable size and scope, the CEO'S salary will be reviewed annually by the board of trustees to ensure that il remains Commensurate 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 2025 ObJe¢tivo8 and activities 1. To promote the protection of wildlife and the conservation of nature and landscape, in particular with r81alion to sustainable agricultural needs. 2. To promote the delivery of Competent, independent advice to the agricultural sector on the protection of wildlife and the conservation of nature and landscape. 3. To promote research on all matters relating to sustainable farming, the need lo conserve nature and landscape, to protect wildlife on farmland and to disseminate the useful results of such research. 4. To encourage understanding be￿een 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 conferences, exhibitions, practical demonstrab'ons, publications, the delivery of lectures and addresses and the exchange of research experiences and technique$. 6. To support and co-operate with others in proposals and activities which encourage understanding and GO- operatSon be￿een conservation, wildlife and farming interests and which are calculated to assist the promotion of the charity's objects. Ex lanalion of the chari 's aims FWAG SW is a conservation charrty that focuses on the interaction be￿een wildlife and the farmed environment. To do this il seeks lo support, enthuse & inspire fellow farmers and communities lo value the environmental assets on their land & use them lo secure sustainable and profitable businesses for the future. By u$ing a "Whole Farm Approach" FWAG SW seeks lo embed conservation into the commercial farming model. Farmer members are passionate about the land that they have stewardship over but may lack the Specialist knowledge or resources to implement the best practice that would provide the grealesl benefit lo the environment. FWAG SW advisers can bridge this knowledge gap and seek possible sources of funding for farmers lo implement measures on their land that will have the greatest b8nefil for wildlife. As well as assisting farmers to be compliant with environmental legislation, the ¢harity also aims lo give farmer members a voice at policy level by feeding back into the processes that determine future legislation changes. By representing the famiing communlty within conservation stakeholder forums FWAG SW can influence practical solutions lo wildlife conservation that have a 'besl fil with current agricultural practices. FWAG Sws E¢Jucation and Farmlng Awards champion the natural environment and farming. Through the Kingfisher Award in 2024, 670 children.from 18 schools look part with events taking place in Coinwall, Dorset, Gloucestershire and Somersel. County farming awards were held in Cornwall, Devon, Somerset and Glouceslershire, the winners hosted farm walks and received coverage in local farming press and articles in our digital and printed newsletters. The winners were judged for the regional Bam Owl Award the winner of which went into the FWAG Association national Silver Lapwing Award. Page 4

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Enderl 31 March 2025 strale les em lo ed lo meet the Gharitable aims and si nificant activities The main aims of FWAG SW are to continue to inspire farmers to value the environmental assets on their land and se them lo secure sustainable and profitable businesses for the future. . The strategies used to meet these objeGtNes include.. Providing a range of advisory services to farmers. partner organSsations and local authorities that allow farmers and the wider public to benefit from funding programme8 that target environmental gains for wildlife and public. Maximising the impact FWAG SW has to famers and the conservation of wildlife by seeking funding from project partnerships that address speGific environmental priorities. Engaging in research programmes that benefit farmers and the farmed er¢vironment. The provision of a tiered membership system for famers, landowners and donors lo disseminate information, educate and provide inspiration. The organisalion of a regional award scheme that recognises the work Contributed by commercial farmers lo the environment and promotes conservation techniques to all. A programme of events across south west England to educate and insplre farmers on how they can deliver ecological benefits on land within their stewardship. The publication of literature and newslellers with infomialive articles on relevant topics. The maintenance of a website displaying up lo date information regarding agricultural and conservation issues. Attendance at local and national stakeholder meetings lo represent a farming perspective on conservation To assist in the running of a national FWAG Association lo give FWAG SW a voice at a national policy level and input into the delivery aspect of environmentsl land management schemes. To wo¥k with volunteer groups to deliver educational events to school ohildren. How our actlvltles deliver public benefit FWAG SW has a famiing membership of approximately 1000 farmers in the south wesl region with various membeiship level entry points. Members receive the greatest direct benefit from the charity through the provision of free telephone advi¢e, educational I training event5, organised environmental competitions and regular newsletters. The wider impact of the charity's advisory work is a benefit lo all residents in the south wesl of England. The conservation measures implemented by farmeis, following advice from our Farm Environment Advisers, have direct benefits that increase biodiversity, reduce diffuse pollution into water courses, miligale against declining populations of targeted endangered spe¢ies and reduce the impact of flooding from agricultural land run-off. Climate re$ilienl landscapes are an in¢reasing focusllheme of the charity's work creating OPFX)rlunilies to aggregate funding from multiple public and private sources at a landscape scale. As well as educating famers and landowners on the benefits of wildlife ¢onservation, FWAG SW and ils educational arm, the Kingfisher Award Scheme, have delivered educational events and award schemes to schools in Cornwall, Doiset, Gloucestershire and Somer5et hosts'ng 670 children from 18 schools. The Trustees have been provided with the relevant information regarding the Ch2rity Commission's guidance on PubliG Benefit. The charity's acts'vities have been reviewed against the Public Benefit requiremen*. A¢hievements and perforniancg During the year we have continued lo develop our first demonslralion and educational site adja¢ent to the Royal Agricultural University in Cirencester with our partners Zerodig, demonslraling the use of no dig" techniques that improve soil health and carbon storage in horticultural settings, and beyond. We have been able lo laun¢h a joint venture with the RAU lo offer a new Msc in Agroecology. The sile has hosted 1,000 students from the RAU. Through our investment in training we have been able to broaden ou¥ independent advi￿. securing our first ¢ontr8cI delivering infraslruclure advice for farmers through Catchment Sensitive Farming in 2024125, we have developed our partnership with the Environment Agency who are referring advisers who have received compliance visits to FWAG for advice and support to improve water quality on their farms. Page 5

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 As part of our slralegy lo develop a more comprehensive whole farm approach lo sustainability we have ¢onlinued working more on our farm business knowledge skills, so that we can beller understand the business case for conservation and regenerative farming practI￿S when advising our farmers. Delivery of this approach has been through projects. The Triple Aye Project is a pioneering pilot in Devon assessing how multiple slr8nd$ of sometimes conflicting advice can be facilitated to mak? a coherent plan for environmental suslainabilily, profilabilily, and I￿al compliance. Additionally, we have been working on the Future Farm Res11ience Programme of advice delivery in partnership with Devon County Council and the Business Information Point. Financial performance for the year 2024125 was significantly improved Compared lo the previous iwo years and was marginally ahead of our budget nO￿lthStandIng encompassing both positive and n8gative variances. Income was al a record level and despite a tight labour market costs were controlled. Our New Shoots training program was successfully launched with the aim lo raise funds to SLJPPOrt the salary costs of new staff, helping them develop the experience and knowledge required lo provide independent farm advice. How wo met our charltable alm$, achlevemonts and perfomianco . FWAG SW delivered advisory services across the whole region including an advisory service for applications to the Environmental Land Management Scheme grants throughout the South WesL Under the Natural England Farm and Land Management Advice Framework contract, the charity delivered. 2 group online events and we endorsed 144 SFI options on behalf of Natural England. Additionally, we conducted 44 Calchmenl Sensitive Falming ICSF) vlsils to farmers on behalf of CSF. Through delivery of the Future Farm Resilience programme as sub4ontraclors for Devon County Council and Exmoor Hill Famiing Network advisers provideé 908 hours of one-to-one support and 21 group workshops. Advice delivery was made lo 176 south wesl farmers on Natural England's Countryside Stewardship 2024 application round. The lolal area of applications was 9,400 ha, securing grants for farmers of over £1.5m per year. plus £1.6m for capital works. FWAG SW received grant and project funding from UK agencies, partner organisations and grant gwin9 trusts and foundations. FWAG SW paTlnered and worked with county councils across the south wesl region, National Landscapes, DEFRA, The Wildlife Trusts, Wesl Country Rivers Trust, The Woodland Trust. Slimbridge, 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 partneis across national borders to share b8sl practice in finding Snnovalive solutions to environmental issues. In 2024125 FWAG SW Continued lo deliver ponds suitable for colonisalion by great cfesled newl in Somersol, Gloucesteishire and Wllshire to mitigate against sites lost lo development under the new District Level Licencing scheme- a type of biodiversity offsetting. A total of 26 ponds were created in the 2024125 financial year. During the year FWAG SW hosted more than 37 events attended by more than 685 people covering a wide variety of agricultural and conseNation subjects, some for our various projec15. as well as mulliple small group meetings held with calchmenl member groups Ifacililation funds). FWAG SW was very pleased to host ils four county famer trophy competitions in 2024125. The competrtions 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 Silvei Lapwing competition. FWAG SW staff have attended multi-agency meetings with a regional focus, as well as at a national level, representing farmers, inleresls. FWAG SW advisers have been involved with the DEFRA Agri-Environmenl Stakeholders Group IAESWG), Famiing and Countryside Programme forum and Grassland External Working Group lo evidence and feedba¢k on current and future agri-environmenl schemes as well as providing feedback on policy at all levels. This resulted in increased contributing to changes including greater recognitlon of grassland habrtals within schemes and improved accessibility from year-round application window. Each year FWAG SW partners with the volunteer led Kingfisher Award Seheme {KASI to dellver educational visits to farms and run a competition lo encouFage school children lo investigate the farmed environment for themselves. In 2024 FWAGSW partners and their teams of volunteers have been delighted to be able lo return to hosting schools al four different famis across the region. 670 children from 18 schools were able lo participate in the farm field visits over 15 days. Page 6

Famiing and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 Pro ect exam les.. Gloucestgrshire FWAG provided expert advl¢e and funding to a large Gloucestershire estate, enabling a long-term conservation plan that also increases income. The estate benefits from habitat assessments, new creation opportunities, and annual income via an HT agreement. Participation in 4 local facilitalion group supports knowledge sharing and practical conservation. such as supplementary bird feeding. FVVAG SW developed a management plan and feasibility study for Stinchcombe Hill, a unique Cotswold National Landscape site. Using advanced surveys. they assessed the site's potential for a Conservation Enhancement Scheme. The report, funded by FIPL and supported by Natural England and Historic England, details ecological value, vulnerabilities, and restoration recommendations. The GREAT MaFkel Garden is a 7-acre agroecological market garden and teaching facility al the RAU, Cirencester. Initial £110k funding enabled zerodig beds and polylunnels. The project, led by FWAG SW, now supports co-head growers, leverages additional match funding, and has hosted 1.196 visitors, including students, volunteers, and international guests. FWAG'S NFM work with Worcestershire County Council fostered strong partnerships, piloting interventions that redu¢ed Ilooding and improved habitats. Collaboration expanded lo Glouce$tershire County Council, with shared learning aod practical solutions showcased at Bredon Hill, inspiring stakeholders and demonstrating the value of nalure-based, ¢ollaborative flood management. Dors9t Dorsel Rural Runoff Project, a partnership betsveen FWAG Southwest and Dorset Council. this project provides independent advice to farmers to reduce agricultural runoff, 5011 erosion, and flood risk. Working with 12 communities and 27 farms, over £185,000 in match funding has 5UPPOrted hedge planting. bund$, woody dams, grassland creation, and olhew nature-based interventions. River Stour Phosphorus Reduction Scheme FWAG Southwest and Wessex Water collaborate lo deliver farm Infrastructure and wetland creation in the Dorsel Slour calchmenl. The project includes sile triage. farm reports, monitoring, and rna1ntenan￿ plans. Strong partnership and knowledge exchange have built trust and showcased FWAG'S environmental expertise through internal INessex Water events. The DoTsel team facilitates three farmer cluster groups.. Bradbury Rings Farmer Cluster {BRFCI, Milton Valley Cluster IMVCI and Purbeck Farmer Group IPFGI. Each group focusses on a range of local environmental priorities such as.. Reducing nilrale leaching and improving soil health through beller land management. Supporting Corn Bunting populations, with a 2024 census recording 21 calling males. indicating sy￿esSfUl breeding. SSSI coastsl grasslands to arable land on the Isle of PurbeGk and the conservation of prjority species found locally, such as bals. Somerset Greater Sedgemoor Landscape Recovery supports over 100 landowners across 5,000 hectares to build consensLts for landscape restoration, sustainable livelihoods, and climate resilience. FWAG provides farm liaison, advice, business analysis, and lidar drone data lo infomi water management and project bids." Hills lo Levels delivers trusted advice to landowners and farmers to'slow the flow, and retain water. Annualty implements 20 capital Natural Flood Management s¢hemes with partners Including Somersel Council, Vvessex Water. and the Environment Agency, helping commuriilies build resilience and develop practical solutions for flood and water management. P81udiculture - FWAG is pilotlng the Commercial viability of growing Typha Ibullrushl on the Somerset Levels and Moors. The project designs low-impacl methods and machinery for harvesting. monitors ecological effects, and measures phosphate reduction. Raising water tables without redu¢ing productivity helps preserve peat and supports carbon emission reduction. Devonlcornwall The Bodmin Moor Natural Beauty and The Beast Project is a parlnershlp with Cornwall National Land5Gape, this project reconnected farmers and local communities with wildlife on Bodmin Moor through bird events and sharing Curlew research. Eight farmers received tailored farm plans. bird suNeys, and habitat advice, resulting in positive feedba¢k from all involved. The Triple Axe Project worked with 19 dairy farms in the Axe catchment to b￿lId trust between farmers and regulators, supporting resilient, compliant buslnesses. Through visits and'workshops, FWAG improved nulrienl management, $e¢ured capital support for 11 farm$, and fostered transparent. solulion-focused dialogue for landscape-scale change. Page 7

Farming and Wildlife Advlsory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 FWAG SW facilitated the Blackdown Hills Farmer GfOUP, shaping priorities and events through member input. Eight events covered agri-environmenl schemes.'soils. bracken management. citizen science, woodland creation, river restoration, and green funding. The group supported the rural economy and fostered collaboration, learning, and connections with six local projects. Engagement Tgam Developing al least three case studies annually, highlighting innovative farmers who align with our nature-friendly objectives. These are identified with county teams and shared widely to showcase our services, team skills, and partnerships. Featured farmers may be award finalists, group participants, or advisory clients, helping promote our work and inspire others. Our new website serves as a vital showcase for farmeTS, fvnders, and potential staff. It's MO￿ cost-effeclwe and easier lo maintain, freeing up the engagement team to create content. We ¢ontinually update resources, monitoi funclionalily, and encourage staff conlribulion$ to ensure it remains relevant and meets client needs. The memberSh￿p and Services working group guides the engagement team, supports branding, awards, membership aclivilies, and promotional materials. They played a key role in developing the new website and logo, provide feedback, and help keep content fresh and up to date, a¢b'ng as a bridge belween County teams. Regional Support Toam The regional support team has focussed on actions lo improve customer experience and prO￿sS efficiencies. Automating membership processes has increased time available to focus on more personal engagement with members. The team has also improved the referral pro¢ess for email and telephone enquiries to advisers to improve response rates. Wth further innovations planned for 2025126 Flnan¢lal review Following two years of finan¢ial deficit we have achieved a suiplus of £215,244 In 2024-25. To comply with the requirements ofcharitable accounting, in certain situations, such as when accounting for restricted funds, income musl be recorded in the year in whiGh il Is received, despite the delivery under such projects OCCUFring in futufe periC￿S. For this reason, it is beneficial to view income and expenditure over several years in order lo gel a balanced view of the financial situation. The accumulation of the charity's Current reserves of £419,266 {2024125'. £204.0221 and the analysis of retained income beiween restllcled and Ltnrestricted funds are shown in table 1. Restricted funding received in the year can be seen in note 12 on page 30. Total restricted lunds on 31S1 March 2025 amount to £58,475 {2024125.' £131,800). Table q: Income, expendIlu￿ and retained income 201110 2025 To31st Mar 2020 2021 2022 2023 2024 2025 To date Income 9,870,509 9,S38,770 331,739 2,918,030 3,859,059 3,549393 3,363,565 3,885,922 2,584,305 3,650,006 3,839,301 3,744,152 3,670.678 333,725 209,053 1289,9081 1380,5871 215.244 Expenditu¥e Retslned I ncome Restrlcted funds 121,001 210,738 331,739 74,270 232,290 1138,6571 1157,1041 173,3251 259,455 123,2371 1151,251 1223,4831 288.569 333,725 209,053 1289,9081 1380.5871 215,244 58,475 360.791 419,266 Unrestricted funds Retained income Desplle the surplus achieved in the current year. the funding environment and increasing costs are both challenging for a small charity, making increasing reserves to a secure level parti¢ularfy difficult to achieve. The charity is focussed on increasing core, unreslricled income to address this. whilst continuing to prioritise our key aims and objectives and embrace new reslricled funding income streams. The charity continue5 to pursue a mix of conlra¢t, grant and consultancy revenues for 2025126 to maintain a balance of diverse income streams, which remains a core element of our risk management. Page 8

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 The increasing level of the national minimum wage together with a tight market for experienced staff has resulted in cost inflation impacting the charmy's ability to build its reserves. and increasing the gap he￿eeTr unre51ricled reseNes and the target reserves level. However, the Board are confident, given the current and budgeted surplus together with plans pul in place lo generate core funding and manage costs, that Ihey would be able lo continue the activities of the charity in the event of a signifieanl drop in funding, albeit il lo a prudently lesser extent. The Board has also considered the exlenl lo which costs could be reduced and existing acts'vities could be curtailed, should such circumstances a¥ise. The strategy is to build reserves through planned operating surpluses as market conditions allow, and through a concerted fundraising campaign to raise core. unreslricled funds, helping lo ensure the longer term financial stability of the charity. The Reserves Policy is reviewed annually by the Board to reflect the changing requirements of the Charity Commission. Princi al fundin sources The principal funding sources for FWAG SW come from fee earning chargeable consultancy work, the Gornpletion of contracts on behalf of NGOS, agencies and water companies, grant fundlng for project related work and. lo a lesser extent, income from membership. All the charity's funding sources and Ihe contractual I project work that FWAG SW undertakes fit with its charitable aims and objectives. Financial Effect of Si nificanl Events and Goin Concern Inflatlonary Pre88ure8 We continue to keep a watchful eye on inflats'onary pressures, the largest impaot to the charity being on salaries as our main overhead. We provided a 3Yo COSt-of-Ilving increase to staff in September 2024. The increase in Empk)yer's National Insurance contribulSons effective from April 2025 will have an adverse effect on FWAG SW in 2025126 alongside the implementatlon a job evaluation exercise foT all roles. Recruitment Recruitment competition has been a challenge for FWAG SW, impacting both retention and reGruilment for the charity, particularly when looking lo recruit stsff wilh'more experience. We recruited 8 new members of staff during the year. Retention is above average for the sector with the average tenure of existing 51aff 5.3 years. The charity continues to develop an enhanced and accelerated training programme for new employees so that they can be upskilled quickly to meet the demand for our 8eNices and fulfil their own development needs. A Job Evaluation Exercise has been undertaken in 2025 to support improvement recruilmenl and staff retention, we were able to fully implement the recommendatlons alongside other work lo strengthen our culture and career offer. Agrlcultural Transltlon 2021- 2027 The Basic Payment Scheme {BPS) which pays direot payments to farrn9rs is being phased out through progressive reductions in payments until the final payment is made in 2027. In 2024 BPS was replaced with delinked payments removing the need lo own or manage land lo remain eligible for payment with payment rates based on previous claims. Eligible farmers received approximately 65°h of their 2021 payment. The impact on farm businesses of reducing 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 it is vital we support farmers in accessing new funding streams through the Sustainable Farming Incentive and developing Higher Tier offers can help lo offset these reductions and protecuimprove financial viabilty in the future. We are upskilling our advisers lo be able lo offer an integrated service that provides both business support and conservation advice, thus offering a rounded package ofwhole farm advice. Page 9

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 Going Concern Currently our unreslricled reserves are significantly below our Reserves Policy tsrgeted level and the task of increasing them is a fundamental priorily. FWAG SW has a strong support base in the farming community. in the corporate sector and within government bodips, and an excellent reputation built over many years by our experienced and professional workforce. We are encouraged by our resull in the current year that by incremental improvements in our operations together with appropriate funding initiatives we will rebuild our reserves leve15 in order to guarantee our future stability and a¢hieve our charitable objectives. We will continue lo focus on.. sl8ndardisalion of delivery ensuring that chargeable services are informed by best practi￿ and performed effi¢ienlty. Improved lime recording ensuring that advisers, lime is accurately recorded and charged for. Enhanced focus on cash management with weekly reports and interim billing where appropriate. Grant applications made in Tespecl of core funding and training, replicating the success of our New Shoots campaign. Enhanced project appraisal to pliorilise activilies with belter chargeable rates or higher charitable value. The trustees have considered the level of reserves, cashftow and recovery plan, in addition to the ongoing financial impact of inflation. agricultural transition and other risks lo the charity. They continue lo believe that the charity remains a going concern and that no adjustments to the accounts are necessary. Significant Income Significant income streams {in excess of 5Yo oftolal income) during 2024125 were through contracts and grant fundlng from Natural England1£732kl, Somerset Rivers Authority1£389kl, The Environment Agency {£320kl. Wessex Water (£248k) and Devon County Council (£198kl. Plans for future porlods The Sustainable Farming Incentive ISFII 2024 offer opened to all farmers after a pilot in 2022 and a limited offer in 2023. The scheme closed with no prior nolificalion on the 11th March 2025 and is not expected lo reopen until 2026. This had limited irrTrpact on the 2024125 financial year but has required careful reviewing and planning for future periods. In response lo the scheme closure and uncertainty over timescales for the review of SFI there has been signifi'Ganl loss in confidence within the farming sector over government funding. However due lo the financial pressure farm businesses are under and the drive towards more nature friendty famiing systems within supply chains and other markets il is likely there will be significant demand when the seheme reopens. Due lo a diverse income base our teams have been able lo develop other projects as described in the narrative. where staff have resigned due to relocation or retirement we have carefully assessed the business case for reeruilmenl and Sought lo redeploy staff where possible. In future periods several Landscape Recovery projects, if successful in moving from the development phase into delivery. will create new opportunities for the charity. This will require a careful review of Tisks both repulalional and financial from involvement in the Single Legal Entity responsible for operating individual Landscape Recovery Scheme5 with participating farmers. The opporlunty these schemes present are the potential for 20 year contracts with Defra providing secure roles for multiple staff. In the last year we have seen significant growth in demand for Agroforeslry services and we expect this to continue lo be a priority for public funding and a business opportunity for farmers. We continue to invest in our teams in gaining the experience required to improve our success in tendering for Calchmonl Sensitive Farming contracts under the Environmental Training and Farm Facililalh)n framework contract. With increasing focus on improving compliance with Farming Rules for Water regulations and public interest in water quality we expect this work lo continue lo expand. We have experienced growth in the demand for wetland creation projects and wide¥ Natural Flood Management measures, we expect this work to grow as funders seek lo improve water resllience in calchmenls. Page 10

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 Green finance continues lo be a focus of govemmenl and most organisalions in our sector. We have been dev8loping opportunities for aggregated finance from public and private sources through our Natural Environment Investmonl Readiness Fund project in Gloucestershire, we also continue to deliver Great Crested Newl Dislri¢l Level Licensing ponds across the east of the region and expect this work to continue In the future. Development of capacity lo delivere our Integrated Local Delivery Model and promoting our holistic ￿ole Farm Approach is central lo maximising the delivery of our plans for future periods. The priority 15 to facilitate the transformation of farming systems and landscapes lo be climate resilient In response to the climate emergency and the biodiversity crisis by influencing and advising on measures that can jointly tackle these problems on faimland. To this end we anticipate increased demand for advisory services on woodlands and trees outside of woodlands. We will continue lo invest in this important aspect of our work. Soil carbon 5equeslration and soil health generally are also a prior¢ty for the charity and we will develop more proje¢ts around these joint themes in future periods. The charity continues to commit to investing in our training programme with salary reviews based on knowledge uptake for new and trainee advlsers, aiming to miligale against recruitment and retention issues being faced by our industry, and many others. This programme is now being delivered 88 8 rolling programme and its second year has been hugely successful and well re¢eived. We hope to learn from the development of the programme to provide industry leading training for the development of highly qualified Farm Environment Advisers. In 2025126 we will be working towards gaining accredilats'on for our training through BASIS in recognition of the quality of our training approach. Further project funding will be sought from a variety of sources lo supplement the potential increase in chargeable work and to find replacement funding streams for projects where funding is coming to 8 close. The strategies that have been employed to dale to meet our charitable objeclives.will continue for the foreseeable future. Fundralsing FWAG SW predominantly seeks grant funding from government agencies and from charitable Irusls. Team Leaders in each county are responsible for identifying local grant funding and there is a shared responsibility to identify regional opportunities which a￿ raised at fortnighlly management team meetings. Bid preparation is shared belween relevant staff. Fundraising from these sources is becoming a more significant part of our income generation and will continue to grow over the coming year, requiring greater input from senior management. Fundraising from the public is not a core strategy of the charity. We do not engage in large scale public fundraising campaigns or in street, dcx)r-lo-door or private sile fundraising. In some instances, donation buckets will be displayed al FWAG SW membership events, for people who may wish to make an additional contribution. Recently following the creation of a short film showcasing the aGtivities of our Kingfisher eduealional project we have benefited from generous donations towards the project and hope to replicate this success in the future. The trustees monltor this situation and will adapt their fundiaising policy aG¢ordingly should the situation change. No third party fundraisers have been employed, and no Complaints have been received in respect of the charty's fundraising activities. We were successful in raising £80k toward5 our New Shoots training programme with a mixtUTe of prThiale donations and gr8nl from the Garfield Western Foundation. We entered a fundraising agreement with Good Loop who are an advertising agency that donates a proportion of ils revenue fiom campaigns to select charities. In 2024125 this provided £16,514 for FWAG Southwest Page11

Farming and WildlÉfe Advlsory Group South West Ltd Trustees, Annual Report For the Year Ende(f 31 March 2025 Our Supporters In addition to the many grant makers and collaborators who have supported FWAG Sws work in 2024125, the FWAG SW Iruslees wish lo give special thanks to the following individuals and organisalions for their financial support during 2024125.. Albert Goodman Chartered Accounlanls, Alice Ellen Cooper Dean Charitable Foundation, F Appelbe, Blackdown Hills National Landscape, Blue Research. Breathe, Bridgwater Agricultural Society, J&A Cawley, Cirencesler District Coun¢il, Clarke Willmotl Solicitors, Cornish Mutual, Cornwall Council (including Forest for Cornwall leaml, Cornwall Food, Cornwall National Landscape, Darlington Cattle Breeding Trust, Defra, Devon County Council, Devon Wildlife Trust, Dorsel Council, Dorsel National Landscape. Duchy of Cornwall, Dunster Show. Environment Agency, East Devon National Landscape, Esmée Fairbairn Foundation, Exmoor Nation81 Park Authority, The Farm Consultancy Group, Farming in Protected Landscapes, Finnis-scott Foundation, Garfield Weston Foundation, The George Veterinary Group, Gloucestershire Agri¢ultural House Foundation, Gloucestershire Council, LandApp, H&R Lang, Lilllewoods. Lower Severn IDB, Michelmores, MullerlWD Farmer5. National Trust, NFU Mutual South Cotswolds, Natural England, Nelson and Dean Dance Wll Trust, Nestle Good Loop, A Nichols, Old Mill Accounlanls. Perdix Partnership, Renishaw Plc, Royal Agricultural University. Royal Cornwall Agricultural Association, The Royal Bath and Wesl of England Society, Royds Withy King Solicitors IBalhl, RSPB. Somersel Council, Somerset Rivers Authority, South West Water, Somersel Wildlife Trust, South Devon National Landscape. stuckeridge Literary Festival, Thames Water Utilities Ltd. W. Tucker, Valentine Charitable Trust, Wailrose Partnership Setwices Ltd, D R Warner, Wessex Water Services Ltd, White Avon Ltd, Wills Foundation, Woodland Trust, Woolly & Wallis, Yeo Valley. Thank you also to all our members and Friends, sponsor8, donors. volunteers and supporters, old and new, who continued lo generously help FWAG SW in what has been, financially, a very challenging year. Auditors Albert Goodman LLP ale deemed to be re-appointed in ac¢ofdance with Section 48712} of the Companies Act 2006. Small company provisions This report has been prepared in a¢Gordance with the small ¢ompar¢ies regime under the Companies Act 2006. Page 12

Farming and Wildlife Advisory Group South West Ltd Trustees, Annual Report For the Year Ended 31 March 2025 . statement ol Trustees, Responslbllltles The trustees (who aré also directors of Farming and Wildlife Advisory Group South West Ltd for the purposes of company lawl are responsible for preparing the Trusteés, Annual Report (incorporating the Directors, Report) and the financial slalements in accordance with applicable law and United Kingdom A¢counling Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the Iruslees lo prepare financial statements for each fi'nancial 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.charilable company for that peri(Jd. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and then apply them consistently., obsetve the methods and principles in the Charities SORP., make judgments and estimates that are reasonable and prudent., slate whether applicable United Kingdom Accounting Standards have been followed subject lo any material departures disclosed and explained in the financial slatemenls., prepare the financial. statements on the going concern basis unless it. is inappropriate lo presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that dlsclose with Feasonable accuracy al any time the financial position of the chaTilable corllpany and enable them lo ensure that the financial stalemenls 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 detection of fraud and other irregulaiilies. In so far as the Ifiislees are aware.. There is no relevant audil1nformalion of which the charitable Company's auditors are unaware., and The trustees have taken all steps that they ought lo have taken to make themsefves aware of any relevant audit information ahd lo establish that the auditors are aware of that information. Approved by Ihe Board of Tiustees on 191h November 2025 and signed on ils behalf by.. S Walker, Chair of trustees. Page 13

Farming and Wildlife Advisory Group South West Ltd Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2025 Opinion We have auLliled the financial slalements of Farming and Wildlife Advisory Group South West Ltd (the 'charilable company'l for the year ended 31 M8reh 2025 which eomprise the Statement of Financial Aclivilies. the Balance Sheet, the Slalemenl of Cash Flows, and Notes lo the Financial Slalements, including a summary of significant accounting policies. The financial reporting 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 Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as al 31 March 2025 and of ils incoming ¥esources and application of resources for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pracll¢e', and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit in accordance with Inlernalional Standards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We are independent of the eharitable company in a￿OrdanCe 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Materlal uncertainty relatlng to golng concern We draw attention to Note 1.14 in the financial statements, which sets out the matters arising from assumptions made by the trijslees in adopting the going concern basis of accounting. These matters that indicate that 2 material uncertainty exists that may cast significant doubl on the charity's ability to continue as a going cOn￿rn. Our opinion is not modified in respect of this matter. In auditing the financial slalements, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appfopriale. Our responsibilities and the responsibilities ol the directors with respect lo going concern are described in the relevant sections of this repoil. Other inforrnalion The trustees are responslble for the other information. The other information comprises the information included in the Trustees, Report, other than the financial statements and our auditor's report Ihereon. Our opinion on the finaneial slalements does not cover the olher inft)rmation and. except lo the exlenl otherwise explicilty slated in our repott, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial slatemenls, our responsibility is lo read the otheT information and, In doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the audit or othe￿iSe appears lo be maleiially misstated. If we identify such malerlal inconsislencie5 or apparent material misslalernents, we are required lo determine whether there is a maleiial misslatemenl in the financial slalemenls or a material misslalement of the other information. If, based on the work we have performed, we conclude Ihal there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Page 14

Farming and Wildlife Advisory Group South West Ltd Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2025 Opinlon on other matter prescrlbed by the Companles Act 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 ¢ompany law foi the financial year for which the financial statements are prepared is consistent with the rinancial statements,, and the Directors, Report included within Ihe Trustees, Report have been prepared in a¢¢ordance with applicable legal requirements. In the light of the knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstalemenls in the Directors, Report included within the Trustees, Report. Matters oh whlch we are requlred to report by ex¢eptlon We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us to ￿pOrt to 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 recefved from branches not visited by us. or Ihe charitable company financial slalemenls are not in agreement with the accounting records and returns., or certain dis¢lo$ures of Irustees, remuneralion specified by law are not made., or we have not r¢ceived all the information and explanations we require for our audit., or the trustees were not entitled lo prepaie the financial statements in accordance with the small companies, regime and take advantage of the small companies, exempliorls in preparing the Trustees. Report and from the requirement to prepare a Strategi¢ Report. Re8ponslbllltles of trustoes As explained more fully in the Statement of Trustees, Responsibilities sel out on page 13, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the pieparation of the financial statements and for being salisfied that they give a true and fair view, and for $u¢h Internal control as the trustees determine is nece55ary lo enable the preparation of financial statemen15 that are free from material misslalement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for as5es51ng the ¢haritable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate Ihe charitable company or to Gea$e operations, or have no realistic alternative but lo do so. Audltor's responsibilities for the audlt of the tinancial statements Our objective5 are to obtain reasonable assurance about whether the financi81 statements as a whole are free from material misstalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance 1$ a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstalemenl when il exi$ts. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line wrth our responsibili1165. outlined above, to delecl material misslalemenls in respe¢l of irregularities, including fraud. The extent to which our Pro￿dureS.are capable of detecting irregularities, including fraud is detailed below.. Page 15

Farming and Wildlife Advisory Group South West Ltd. Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2025 The extont to which the audit was considered capable of dets¢ting irregularitie5 includlng fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement 18am collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.. we identified the laws and regulations applicable lo the company thmugh 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, in¢luding the Companies Act 2006, Charity Act 2011. Charities SORP 2019, anti-bribery, employment, data protection and health and safety legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed Ihe susceptibility of the company's financial statements to material misstatement, Sncluding obtaining an understanding of how fraud might occur, by.. making enquiries of management a5 to where they considered there was susceptibility tcs fraud, their knowledge of actual, suspected and alleged fraud.. and considering the internal Gonlrols in place to miligale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls. we.. performed analyllcal procedures to identify any unusual or unexpected relationships., lesled journal entries to identify unusual transactions. assessed whether judgements ond assumptions made in determining the accounting estimates were indicative of potential bias., and investigated the rationale behind signlfiGanl or unusual transactions. In response to the risk of irregularits'es and non-compliance with laws and regulations, we designed PrO￿dureS which included. but were not limited lo.. agreeing financial statement disclosures to underlying supporting documentation. reading the mlnules of meetings of those charged with governance.. enquiring of management as to actual and potential litigation. claims and breaches of relevant legislation- and reviewing correspondence with the Charity Commission and other relevant regulators including the company's legal advisors and insurers. There are inherent limitations in Ouf audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely il is that wewould become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspeGlion of regulatory and legal correspondence, if any. Material misstatements that arise due lo fraud Gan be harder to detect Ihan those that arise from error as they may involve deliberate concealment or Gollusion. A further description of our responsibilities for the audit of the financlal statements is located on the Financial Reporting Council's website al www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditorfs report. Page 16

Farming and Wildlife Advisory Group South West Ltd Independent Auditors' Report to the Trustees and Members For the Year Ended 31 March 2025

Use of our report

This report is made solely to the charita.ble company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body and the. charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Michelle Ferris 8Sc (Hons) FCA DChA (Senior Statutory Auditor) For and on behalf of Albert Goodman LLP, Chartered Accountants, Statutory Auditor

Goodwood House Blackbrook Park Avenue Taunton Somerset TA12PX

Date: 19 November 2025

Page 17

Familng and Wildlife Advisory Group South West Itd Statement of Financial Activities including Income and Expenditure Account For the Year Ended 31 March 2025 TOTAL 2025 Funds TOTAL 2024 M)tes Unrestricted Funds Restric Funds Funds Incon from: Donations and legacies Trading acMtes.' ev8nl incon Investrnent Inco￿.. bank interest Other incon 192,143 81,575 253.718 50 2,129 163,109 4,214 730 2,129 3,230 197,552 828 62,403 259.955 169,687 charitab￿ acthvitie$ 3,395,515 230,452 3.625,967 3,193,878 Total inGon 3.593 067 292,855 3.885 922 3,363,565 Expenditure on: Raising funds Chalitable a¢thiAties 14,457 3.295,024 32.250 328,947 46,707 3,623,971 44,457 3,699,695 Totsl expenditure 3 309.481 361 197 3670678 3 744152 Net inCo￿(8￿nd11UreI before transfers 283 586 Transfer I￿kneen fund$ 12 4,983 {4,983} Nel m0Ven￿nI in funds 288.569 173,325) 215,244 (380,5871 Reconciliation of funds.. Totsl funds brought fO￿ard 12 72,222 131,800 204,022 584.609 Total funds carried fowdrd 12 360 791 419.266 204,022 .The results for the year derive from continuing aotivlties and there are no gains or losses other than those shown above. Page18

Farming and Wildlife Advisory Group South West Ltd Statement of Financial Activities including Income and Expenditure Account For the Year Ended 31 March 2024 TOTAL 2024 Funds Notes. Unreslricled Fund$ Restricted Funds Income from: Donations and bgacies Trading acli)Ates.' event incomg Investment income.. bank inleresl Oiher incon 132,901 4,214 730 1.634 139,479 30,208 163,109 4,214 730 1.634 169,687 30.208 Charilabk actiifilies 2.885,376 308,502 3,193,878 Total income 3,024 855 338,710 3 363 565 Expenditure on: Raising funds Charitsble acliirities 12.450 3,275,872 32,007 423.823 44,457 3,699,695 T(rtal expenditure 3 288 322 3744 152 Net illCOTrEI(expendilurel before transfers 117 120 380,587 Transfer beknn funds 12 39,984 (39.9841 Nel nkivament in funds {223,483) {157,104) 1380,587) Reconciliation of funds.. Total funds brought fornord 12 295,705 288,904 584,609 Total funds c4rried foward 12 131800 204 022 The results lor the year derive from continuing a¢tlvilies and there are no gains or losses other than those shown above. Page 19

Farming and Wildlife Advisory Group South West Ltd Company Reglstration NumbeT.' 07865031 BalanTr sheet As at 31 March 2025 2025 2024 Fixed Assets Tangible Assets 91,554 Current Assets Debtr)rs Cash al bank and in hand 790.287 260,211 1,050,498 653,156 300 285 953,441 Creditors falling due within one year 10 698,239 Net Current Assets. 195 798 Credltors falllng after more than one year 10 {24,547) {30,0681. Total Net Assets 13 419.266 .204 022 Funds of the charKy . Restricted Funds Utirestricted Designated Funds Unreslficled General Funds 12 58,475 193,481 167,310 131,800 56,317 15,905 12 12 Total Charlty Funds 13 419266 204,022 The financial statements have been prepared and delivered in accordance with the spe¢ial provisions relating lo small companies within Part 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 22 to 36 form part of these accounts Approved by the Board for issue on 19th November 2025 and signed on its behalf by.. er Tiuslee C Fowle Truste Page 20

Farming and Wildlife Advisory Group South West Ltd Statement of Cash Flows For the Year Ended 31 March 2025 2025 2024 Notes Net cash provlded by I Iu8ed In} op&rating actlvlties 16 47,955 105,457 Ca8h flows from Inve￿n9 aetlvltle8 Interest income 2,129 730 Purchases of tangib18 and intangible fixed assets 190,1581 {42,8231 Proceeds from $81e of fixed assets Net cath provlded by I Iugad In) Investlng actSvltle8 188.0291 {42.0931 Ca8h flow8 from financTng actlvitie8 Cash inflowsl{oulflowsl Irom new borrowing 10 Change in cash and cash equiwdlenls in the year 140,0741 63.364 Cash and cash eqUI￿lent at th8 beginning of the year 17 300,285 236,921 Total cash and cash equI￿alent at the vnd of the year 17 260,2f1 3LK).285 Page 21

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Accounting polic188 General Snforniatlon and basis of accounting Farming and Wildlife 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 15 limited lo £1. The address of the registered office is given on page 1. The nature of the charity's operations and ils principal 8elivilies are set out in the Trustees, Report on pages 2-13. The fi'nancial statements have been prepared in £ sterling and in accordance with accounting and reporting by Charities.. Statement of Recommended Practice applic8ble to chaTilies preparing their accounts in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}- (Charities SORP IFRS 10211 and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assols and liabilities. are initially cognised al histolical cost or transaction value unless otherwise staled in the relevant accounting policy. Income All income is included in the Slalemenl of Financial Activities when the charity is enlilled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income.. Donation income is received by way ol geneial grants, donations and gift$ and is included full i the Slalemenl of Financial Activities when receivable. Membership amounts are deferred a¢ross the duration ol the membership. Olh8r trading activities income includes income in relation to fundraising and is included in the Statement of Financial Activities when receivable. Investment income is included in the Statement of Financial Activities when receivable. Income from grants (including government grants), relating 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 in the period to which they relate. Grants are deferred when monies have been received in advance of the period to whieh they relate. Where no period is specified, grants are recognised to the extent lo which the charity has the ability lo carry out the activities within their control. Performance related grants are included within Chaiilable Activities income. Donated 8ervlces In accordance with the Charities SORP IFRS 1021, the unpaid volunteer time is not recognised in the financial statements. Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. All expenditure, gross of any irrecoverable VAT, is reported as part of the expenditure lo which it relates. Charitable expenditure comprises those costs incuired by the charity in the delivery of ils acllvities and services to clients. C051s that can be allocated directly to activities and costs of an indirect nature necessary to support them are allocated across individual expenses. Admin services relates lo costs which the charity charge lo projects for administrative lime where permitted by the funding. Fixod assgts Tangible fixed assets are slated at cost less depreciation. Depreciation is provided at rates calculated lo write off the cost less estimated residual value of each asset over ils expected useful life. as follows.. Furniture, fixtlfres and plant Computers and equipment over 4 years slraighl line over 3 years slraighl line Page 22

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Debtors Trade debtors are re¢ognised al the settlement amount due after any trade discount Offe￿d. Accrued income is recognised al the settlement amount due. Other debtors comprise prepayments, which are valued al the amount of expense relevant to future periods and other debtors, which are ￿cOgniSed at the settlement amount due. Cash at bank and in hand Cash al bank and in hand comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible lo a known amount of cash and are subject to an insignificant risk of change in value. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resull in the transfer of funds to 2 third party and the amount due to sellle the obligation can be measured or estimated reliably. Creditors and provisions are recognised attheir settlement amount. Taxation The company is a registered charity applying all income and gains to charitable purFX)ses and is therefore not liable to corporation lax. 1.10 Pension contributions The charity operates a defined contribution pension scheme. The scheme and ils assets are held by independent managers. Contributions are recognised in the Statement of Financial Activities in the period in which they become payable in accordance with the rules of the scheme. 1.11 Fund a¢¢ouDfing General funds are unrestricted funds receivable or generated for the objects of the charity without further specified purpose and ale available as general funds. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. The trustees have designated certain unreslricled funds, representing the net book value of the unrestricted fixed assets used to enable FWAGSW lo fulfil its chari18b1e activities. Reslricled funds are lo be used for specific purposes as laid down by the donor. Expenditure which meets this criterion is charged lo the fund, together with a fair allocation of management and support coals. 1.12 Loa$lng and hire purchas¢ ¢ommitment$ Assets obtained under hire purchase contracts and finance leases are c8pilalised 8S tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included ir¢ creditors nel of the finance charge allocated to future periods. The finance element of the rental payment is charged lo the Statement of Financial Activities so as lo produce a constant periodic rale of charge on the net obligation outstanding in each period. Rentals payable under operating leases are charged lo the Statement 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 23

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 1.14 Going Concern The trustees sel out in the Trustees Report their assessment of the applicablllty of the going Concern assumption to the charity. Following two year's deficits, some significant changes were made lo woiking practices with a surplus achieved in the Cur￿￿1 year and a further surplus budgeted for 2025-26. Results for the first quarters of 2025-26 show a reduction in income, and Iheiefore a performance below expectations. which is expected to largely feverse in the final two quarters. Significant challenges including the withdrawal of the Sustainable Farming Incentive ISFI} scheme and increased staff costs will impact the financial result for 2025-26 bul miligalion measures have been ' implemented. 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. Weekly working capital reports will be provided lo the Iruslees in the event that balances fall beneath 8n agreed level. By far the largest portion of the charity's costs are monthly salaries with limited fluctuation be￿een months. The viability of the charity lo remain a going concern therefore depends on the extent and rate al which staff are charged lo projects without suffering significant gaps in chargeable work performed. The nature of the work available in the charity's sector is such that there is rarely ￿rtaIntY of income in advance. However the charity has a history of generating income and results over the last year have demonstrated that the changes made have resulted in the charity being able to generate surpluses from ils revised model of working. There are no indications that this situation will not continue but in the event that il were not to, further steps are available to be taken. Accordingly. the trustees are satisfied regarding the charity's ability to Continue in operational existence foi the foreseeable future, having reviewed the financial position, level of reserves and future plans. In foTming this opinion, the trustees have considered the difficult funding environment, need to re¢ruil and relain staff and other risks lo the chaiity. Trustees continue lo believe that the charity remain$ a going concern, Ihat the going concern basis of accounting is appropriate and that no adjustments lo the accounts are necessary. They do, however, note that in¢ome for the ¢harity is not guaranteed and the assessment made relies upon no signifi'cant changes lo the Charity's ability lo generate illGome. 1.15 Flnanelal Instruments The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows.. Financial assets trade and other debtors are basic financial instruments and ale debt instruments measured at amortised cost. Prepayments are not financial inslrumenls. Cash at bank- is classified as a basic financial instrument and is measured al face value. Financial liabilities - loans, trade CTedilors, accruals and other creditors are financial inslrumenls, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed lo be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Page 24

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Net incomellgxpgnditure) before transfers The nel inc¢)ming resources for the year are slated after charging.. 2025 2024 Operating lease rentals Depreciation and amortisalion of owned tangible & intangible ffixed assets Loss on disposal offfixed assets Audilots remuneration - audit feas other seNGes 37,054 36,8S6 36,197 23,259 9,250 630 5,850 600 Income from government grants comprises grants made by Government agencies and local authorities to fund specific piojects. No performan￿ related grants recognised in income have had any unfulfilled conditions or any other contingencies attaching to them. Donations and legacies . Unrestricted 2025 Restricted 2025 Total 2025 Qonalions and gifts Kingfisher scheme MeM￿rshiP subscriptions 74,493 40,OLKI 21,575 114.493 21,575 117,650 117.650 192,143 61,575 253,718 Unrestricted 2024 Restricted 2024 Total 2024 Donation8 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 Page 25

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Income from charitable actlvlties - 2025 Unreslricled 2025 Restricted 2025 Tot81 2025 Core work Project fft)rk 359,547 3,035,968 359,547 3,266,420 230,452 Total income from charitable actiifities 3,395,515 230,452 3,625,%7 Project work ¢onsists ofr. Unrestricted 2025 Reslficted 2025 Total 2025 1knrnrr￿nt grants OtheT grants (knernm8nt contracts Olher contr&ts Farm PLgslic Recycling 1.239.339 27.7 1,134,219 573,458 61,156 131,060 91,509 2,883 5,000 1,370,399 119,305 1,137.101 578,458 61,156 3,035.968 230.452 3 266 420 Income from charitable activities - 2024 Unreslrirtsd 2024 R6stricted 2024 Total 2024 Core wvrk . Proi8cl wrk 283.450 2.601,926 283.450 2,910.428 308,502 Totsl inoome from charitable actimlies 2,885 376 308,502 3,193,878 Project work consists of: Unrestricted 2024 Restricted 2024 Total 2024 Government grants (Aher grants ￿)￿rnm￿nI contracts other contracts Farm Plastic 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 26

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Expenditure on charitable actlvitles - 2025 Unreslricled Reslricled 2025 Salary costs Subconlraclor costs 1,957,766 3.414 966,276 68,589 70,689 169.899 64,871 (6,480) 193.835 2,151,601 3,414 1,089,519 72,073 72,594 169,899 64,871 Project and core direct costs Travel and subsistence Employee training and welfare Office costs Admin costs Admin seNces 123,243 3.484 1,905 6,480 3,295,024 328,947 3,623,971 Expenditure on charitable activities - 2024, Unrestricted Restricted 2024 Salary costs Subcontractor costs Project and core direct costs T￿1 and subsistence Employee training and welfare Office costs Admin costs Admin senices 1,953,653 32,773 936.174 62,819 90,664 161.903 42,212 (4,326) 171,471 240 241,400 6,386 2,125,124 33,013 1,177,574 69,205 90,664 161,903 42.212 4,326 3.275.872 423,823 3.699,695 Admin servi¢es are the transfer of ¢osls to reslricled funds. In 2024125 grants of £85,057 were paid to landowners 12023124: £232,300) and £6,807 to institulions12022123.. £49,110) on behalf of grant making Govemment agencies. charities and watei companies. Governance Gosts of £14,05712023124- £10,750) have been incurred, including exlemal audit £10,175 {2023124.' £6,450), accounlan¢y fees £693 {2023124.' £6451 and trustee indemnity insurance £3.152 12023124.. £3,600). The cost of trustee meelings in 2024125 was £3612023124.. £54). Governance costs are included within expenditure on charitable activitie5 in the Statement of Financial Actsvities. Page 27

Famiing and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Wages and salaries 2025 2024 Solaries and wage8 s￿la1 Security costs Pension costs 1,910,462 167,753 73,386 1,892,664 161,250 71,210 2,151,601 2,125,124 The charity operates a defined contribution pension scheme. The pension charge for the year represents contributions payable by the Charity to the scheme and amounted to £73,38612023124'. £71,210). Conlributsons of £6,27212024'. £5,894) were payable to the scheme at the end of the year. No employee was paid over £60,000 {2023124.' one, wlth total employee benefits be￿een £60.000 and £70,000). During the year, no trustees were reimbursed travel expenses {2023124.' none). No remuneration was paid to any trustees during the year12023124.' none). The key management personnel of the charity weTe ¢onsidered to be the CEO and Head of Advisory Servi¢es. Following the Head of Advisory Services promotion to CEO the key management personnel is the CEO. The lolal cost to the charity of employee benefrts for the key management personnel was £74,91212023124'. £125,204). The average n￿rtthty nun*)er of employees during Ihe year, and th￿r full-ts'n￿ equiKglent8 {FfEI ther¢ 2025 2024 FTE Total Total Project work Adninistration 47 47 57 10 53 64 55 67 Related parties Theie were no related party transactions requiring disclosure12023124'. none). Page 28

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 Tanglblo assets Fumilure. fixtures and plant Computer and other equipment Total Cost.. Al 1 April 2024 Additions Reclassification Disposals At 31 March 2025 8.515 1,929 116,945 88,229 125,460 90,158 18161 204.358 18161 214.802 10,444 Depreciation-. Al 1 April 2024 Charged in the year R6classificalion Disposals At 31 Ma￿h 2025 6,000 1,757 81,168 35,139 87,168 36,896 (816} 115,491 {8161 123,248 7,757 Nel book %8lu8'. At 31 March 2025 2,687 88,867 91,554 Al 31 March 2024 2,515 35,777 38,292 Debtors 2025 2024 Trade debtors Accnjed income 420,562 345,790 23,935 316,653 312,467 24,036 Other debtors 790.287 653,1 $6 Page 29

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 10 Creditors Creditors: amounts falling duè within one year 2025 2024 Loans and borrowngs Trade creditors Accrua Tayalion and social se¢urity Deferred incon Other creditors 5,521 179,748 151,759 177,839 31,597 151,775 5.385 190.877 110,034 226,431 25,338 199,578 698 239 757.643 Creditors.. amounts falling due after more than one year 2025 2024 Bank loans Les5.' Sh￿ as due within on8 year 30,068 5,521 24,547 35,453 5,3851 30,068 Spll as.. Due ¥Mthin kn to five years Due after than 5 years 23,516 1,031 24,547 22,935 7,133 30,CE8 On 27 May 2020 FWAG SW look advantage of the Government backed Bounceback Loan Scheme in order lo help protect the charity's cashflow in such uncertain times. An unsecured loan of £50,000 was received from Nalwesl Bank plc. The loan is being repaid over a nine year period, which commenced in June 2021, following the initial 12 months in which no interest accrued and no repayments were due. A fixed nominal interest rale of 2.5% is applied, resulting in total interest of £5,945 over the term of the loan. 108 n￿nthlY repayments of £518 are being made, with the final inslalment due in May 2030. 11 Deferred In¢ome Where amounts are received in advan¢e, for a specified period, these funds are deferred and recognised in the periocl lo which they relate. Deferred income compnses of. 2025 2024 Included wlhin donations.. Mernbership sub8CllPtions 31.597 25.338 Deferred income as at 31 March 2025 31,597 25.338 Delerred income as al 31 March 2024 Released in year Deferrèd in year 25,338 {25.3381 31,597 24,855 124,8551 25,338 Deferred income as al 31 March 2025 31,597 25.338 Page 30

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 12 statsment of funds 2025 1 April 2￿24 Transfer Incorne Expendlture between fiJnd8 31 March 2025 R8Strlctsd fvnd8 Aller Moor SFP Bwe HeaoWdler8 Multi-Benefil CPF Catchm￿1 Partnership CPF Upper Thames Dorsel Wild ft1￿1$ Ederi Pioje¢l Soils TrainiNJ Glryjcestershire Grèen Inleslmenl Portfdio Feeding GIOL￿eSterShlre Sustalnable Food Places GREAT WcK>ds GREAT Zerodig Zemdig Equipment Funding Zerodig Shared Prosperity KAS - GèneMI Fund KAS - Comwall KAS - Dewn KAS- Dorset KAS- Glos KAS - Somerset KAS - Wil18hire Local N8lure Partner8hip Moortinch Moors AssfKiation Moortinch Moors Association Gateways MooTwood Shellert)ell- Tree Council New Shoots s8￿ng Dewn's Treescapes Somerset Frome IS.1061 UK Fund bid preparation Wild Relised Wwdland Twsl Shelterbdl 828 20,815 25,000 7,500 7.460 828 120.0231 125,CM)01 (7,5001 (9,7931 (792) 2,632 3,O¢J) 299 3,000 40,204 136,2111 14.8IY21 122.4461 117,0481 190,3301 118.0281 11.1331 11,5S91 15.2271 13.9931 4,802 14,6881 25,134 21.505 4,685 2.￿0 101 4,457 56,524 18,025 15,OCK) 1,000 2.700 29,121 10) 113.8671 7.757 8,344 7.198 5,817 856 6.589 2,491 4,696 1,237. 10.000 382 160 2,007 297 7,938 9,29) 6,757 2.300 16.224) 18,7071 19,1591 11,3741 110,0001 3,083 2.294 2.183 542 11,1481 125,9671 114,8951. (5.239} P.1281 112,7851 (4,4711 13271 532 40.000 7,500 14.330 101 101 4,773 (01 16.0771 13.0991 14,2201 11.8461 11,316 10,000 17,(K15 5.COO 1,317 101 . R•strlcted fvnds 131.8( 292,855 1361,1971 14.9831 58,475 Unregtrlcted fvnd8 Designaled fvnds - fixed assets Desionaled funds - other Gener81 fijnds 38,292 136,8961 18,025 144,514 118,4731 15,905 3,448.553 13,254,112) 90,158 142,1391 143.0361 91,554 101,927 167,310 Totsl Funds 204.022 3,885,922 3,670.6781 419.266 Page 31

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 12 Statement of funds - 2024 1 April 2023 Transfer Inccne Expenditure belwetsA Tund8 31 M8r¢h 2024 Restrleted funds Animation Ihirty Percy Integr8led Local Doli¥ery Brue Prlorily Catchment Project Carrant Ov8rbury Collaboration Coln Rlrs & Wetlands Cornwall Famland Blrd Prolècl CPF Catchment Partnership CPF Upper Thames DI￿￿e Winter Forages Dorset Wlld RIKer8 Eden Prolect Soils Trainlng Fami Adiice Proleel Fètrding GIouc6Ster8hlre Sustainable Food Places GREAT Woods GREAT Zerodig KAS - General Fund KAS - Comwall KAS - Dewn KAS - Dorset KAS - GI08 KAS - Somerset KAS - Willshire Local Nature Partnershlp Long Brtrdy Famier Group Moorflnch Moors Ass¢xiation Moorllnch hlloors Associatlon Gateways Moorwood shelte￿ell- Trèe Council New Shoots Samng Dawtrn* Treescap&s Somerset Frome Multi-Benofit WEIF Somersal Frome IS. 1LE} UK Fund bid prepaiation WILD Phase 2 Year4 WEIF Woodland Trust Shelterb&lt 6,084 13,831} 123.0721 12.2531 {4,7671 17,6041 13,3571 12.957} 27,839 7,604 5,000 3,500 15,000 7,500 {1,6431 12,975) 115,OW} 17.5001 15701 14,368) 2.432 570 7,000 2,632 3.(K)O 3,000 37,381 150,000 21.642 130.8S91 (132.0001 (24,5081 {6,5221 {20,0001 20,000 18.49S) 2.000 8.000 30,000 55,010 6,000 8,000 25,134 21.505 4.685 7,757 (50,3251 r1811 18,1881 9,662 5,533 856 8,526 4,882 716 17,1241 1,000 856 6.589 2,491 4,694 1,238 10,OC¥J 6,325 5.258 8.568 I8,￿2 17,6491 18,7141 {4121 19,986) 114,7e5} 17.4781 6,124 9.986 10,000 16,481 100 11,6961 7,760 160 382 160 2,007 297 7,500 8.740 79.163 10,000 6,422 5.000 2,007 297 7.395 5,302 IS.407} 18.6391 {Y3.4231 11011 5,574 11,318 10.000 13,6201 13.8371 {2.802} 154 1,317 Restrlcted fund5 288,904 8,710 1455,8301 139,984) 131,800 Unrestrlctad fund¥ Designated - fixed assets D6signated fijnds - olhor G8ner81 fvnds 18,728 123,2591 42,823 18.025 120,8641 38,292 18,025 15.905 276.977 3.024,855 {3.265,083} Total Funds 584,609 3,353,565 13,744. 1521 204,022 Page 32

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 12 Statement of funds - continued The transfers made are management charges and release of surplus on the projects, as pemiilled by the relevant funding providers. Material restricted funds include.. Brue Headwaters Mulli-Benefil - Following the previous year's Brue Priority Catchment Project this project seeks lo provide further nature based solutions to slow water flow, provide monitoring and assessment of previous works and develop methodology for identifying the most suitable sites for future capital works. Brue Priority CalGhment Project is centred on identifying opportunities for implemenling'Groundwater Working with Natural Processes, within the upper Brue Calchment.11 is also developing an integrated landscape headwaters approach with our partners looking at the Brue, the Slour, and the Somersel Frome to maximise environmental outcomes and efficiency of resources. CPF Calehment Partnership fijnding is monies provided by the Environment Agency lo FWAG SW for hosting, establishing and developing a Catchment Partnership for the South and West Somerset rivers catchment. Farm Advice Proje¢l- The aim of this partnership project has been lo deliver a pilot that demonstrates how farm and ¢ommunity advice provision can be efficient lo deliver societal Iransformalional change. At ils heart was support for agro-ecological farming pracb¢e th81 delivered nutrient dense food that also delivered multiple public goods for society. It had the opportunity lo demonstrate lo both nationa and local governmenl how to create a systems approach to enabling farmers and communities lo act now for climate emergency and how they might become ￿8111ent both economically an environmentally. Feeding Gloucestershire- this project aimed to campaign for food equity across Gloucestershire and facilitate emergency food provision to communities across the county. It supported organisalions supporting communities to address food issues and other ctssl of living challenges, and developed sustainable solutions to food equity for example through connecting with food and farming. The SLStainable Fo( Places project has linked the shared learning from the nallonal Sustainable Food Places initiative to the Feeding Gloucestershire Project and the Gloucestershire Food and Farming Partnership. The aim was lo facilitate Glouoeslershire as a case study for the implementation of the national food strategy. Gloucestershire Green Investment Portfolio this Pfoject funded by the Natural Environment Investment Readiness Fund INEIRFI seeks to develop fundable nature projects in Gloucestershire initially from farmer identified projecis bul using the Integratsd Local Delivery {ILDI model to quantify and assess their allracliveness lo external investors. GREAT Woods -The people and woods programmes aims lo address the lack of skilled labour in the forèstry sector. These valuable skills are needed. as these new woodlands need planting and managing by trained individu81s, in order to meet climate targets and improve biodiversity. The programme aims to provide practical training and offer experience for people from a diverse range of backgrounds, without the necessary skill set. qualifications or funds required to achieve career transition. The programme will also aim to provide management and restoration of five woodlands with the focus on bringing these back into sustainable production and will become self- funding, by providing bespoke sustainable. Page 33

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 GREAT Zerodig - The Project is an exempla¥ case study, demonslraling 8gn>eGological farming and growing, showing the essential role of nature friendly land management. This includes climate change adaptation through food security, carbon capture, biodiversity recovery, socpal in¢lusion and water management. The Project also contributes to delivering the adopted Gloucestershire Food and Faming Partnership Vision, and the developing Action Plan. GREAT Projects These projects centred on working with regenerative farmers and growers in Gloucestershire on four streams of work.. building evidence. sharing knowledge, nurturing enterprise and co-ordinating the Good Food Revolution Partnership. The aim was to move towards a regenerative system that rebuilds soils, habitats, landscapes and Gommunilies. The funder advised that reslriclions on this funding were removed during 2022123 and a transfer created to 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 Protection Fund grant due lo be received in 2024125. KAS Cornwall, Devon. Dorset, Glouceslershire, Somerset and Willshire. These funds all relate to the monies raised to fund the Kingfisher Award Scheme in each. of the ¢ounlies listed. The scheme provides "hands on educational days on farms for pnmary school children lo teach them the importan¢e of farming and wildlife. New Shools - following the identification of the cost of developing advisors in the early stage of their career both in sliuclured training and the greater lime needed to complete assignments, we appealed for funding to support the creation of new Environmental Advisors. Generous contributions have been received, in particular from the Garfield Weston Foundation. Somersel Frome Mulli-Benefht - Works to improve water quality and reduce diffuse pollulior¢ in the headwaters by improving infraslruclure, water 8nd nutrient management on calchment farms.. giving advice through bespoke farm management plans, providing grants and monitoring out¢omes. WILD Phase 2 The project engages with farmer5 within the WLD projeGt area through the year lo understand challenges and opportunities. Direct 8clion5 are lo improve and restore biodiversity within the riparian corridors along all walerbodies through riveibank restoration, creation of fish habitat, a balance of shade, reductions in sill to rivers, improved ditch ne￿orkS and in-channel work to deflect. improve flow, slow flows along the water course and improve water quality. addressing smaller tributaries le8ding into rivers as well as main rivers. Wild Revisited - Building on WILD Phase 2 the continuation of the WILD project aims lo create improved riparian habitat on the river Churn, reduce riverside tree Gover lo increase light penet￿tIOn and weir management lo improve fish access. In addition lo restricted funds, a designated fund of £18,025 created last yeaf was employed as match funding for the Rural England ProteGtion Fund grant used to purchase equipment for the Zerodig project. A second designalod fund was created this year following an Enforcement Undertaking relating lo restoratson of the Blue and Sheppey. Al the year end £101,927 remained of the £103,000 initial funding. Page 34

Farming and Wildlife Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 13 Analysls of n8t assets between funds A8 al 31 March 2025 Unrestricted Restricted Total Fixed assets Current assets Creditors due within one year Creditors due after more than one year 91,554 932,035 {638,2511 {24,547} 91,554 1,050,498 1698,2391 124,5471 118,463 {59,988) 360,791 58,475 419,266 As al 31 March 2024 Unrestricted Restricted Total Fixed assets Current a88ets CTedilors due within one year Creditors due after more than one year 38,292 761.653 1697.655) I30.￿) 38,292 953,441 1757.6431 130,1%81 191,788 (59,9881 72,222 131,800 204,022 The trustees have established a designated fvnd equivalent to the net book value of tangible fixed assets used to enable FWAG SW to carry out its charitable work. In the year £90,158 was spent on capital from unreslricled ftjnds 14 Company limited by guarante8 The company was incorporated as a company limited by guarantee and has no share capital. The guarantee to the company is £1 per member on the winding up of the company. Al 31 March 2025 the company had six members and the total amount guaranteed is therefore £6. 15 Financlal commitments Al 31 March 2025 the charity was committed to making the following payments under non-cancellable operating leases: PREMISES Payrrents falling due: 2025 2024 Wilhin one year BelKeen and fi￿ years In n￿re than fi￿ years 25,617 17,631 23.417 24.559 43,248 OTHER ASSETS Payments fallng due.. 2025 2024 Within one year Bemeen tm) and five years In more than five years 4,327 2.163 4,327 6,4 Page 35

Farming and Wildllfe Advisory Group South West Ltd Notes to the Financial Statements For the Year Ended 31 March 2025 16 Reconciliation of net movement in funds to net cash flow from operating actlvltles 2025 2024 Net M0￿ment in funds Add back.. Depreciation charge Lossllprofill on disposal of fixed assets Ded￿cl.. Deposit intere81 DecreaseJ{Increasel in debtors IncreasellDecreasel in creditors 215,244 36,896 {380,587} 23.259 12,1291 {137.13ti 164,9251 17301 405,447 58,rK8 Nel cash prowded by I (used inl operating actiiAlies 47,S55 105,457 17 Net debt reconclliation Stsrl of year Cashflx Al year end Cash at bank and Sn hand 300,285 140,0741 260.211 Bank ban falling due within 1 year Bank ban falling due in bss than 5 years Bank loan falling due after 5 years 15,385) {22,936) {7,133) (136) (5,521) (580) 123.516) 6,102 11,0311 34.688 230,143 Page 38