PEAK DISTRICT NATIOI¥AL PARK FOUNDATION FINANCIAL STATEMENrs FOR YEAR ENDED 31 MARCH 2025 Ch•rity NMmb¢r 1182136 PEAK DISTRI￿ NATIOIYAL PARK FOUNDATION YEAR ENDED 31 ￿[ARCH 2015 Contents Page Members of th¢ and prof￿51￿41 advisers Trnsle¢5' annual report Independent Examinw's Rep)rt Staiement of financial activiti Balance sh¢¢1 Notes to th¢ fin8ncial statemeT I￿16 PEAK DISTRicf NATIONAL PARK FOUNDATION The Boxrd of TnL8tees Jenny L￿ul5¢ Lowthrop Vir¥inig Pri¢sd¢y Chair ApFK)intrd 31 March 2024 RCSIgn￿ Jun¢ 2024 James Whistler Berresford Andr¢w Gr¢gory Andrrw Williwn Ril>inson James Alex&t￿tr Waddington Stephen Turner Ruth Swetnam AP￿illled S Juty 2024 Reg￿tered office Ald¢Tn Housc Baslow Road Bakewell Derbyshire DE45 IAE I•d¢￿￿de￿i ELqminer Bridget Kallou5hi ACIE 6 1.ind¢n Road N103DH Barclays Bank UK plc Bolton Wellspring5 Leicester Leicestershire LE87 ?BB PEAK DISTiucf NATIONAL PARK FOUNDATION TRUSTEES. ANNUAL REPORT YEAR EI¥DED 31 MARCH 2025 Afhievemetsts #id wfonn•n¢e Cbair's statement It is a privilege to serve ￿ Chair of the Foundatio￿ a tharity that is dedicated tt) thannelling people's love for the Peak Llstrict into a¢tion that 5ecur&s its fikfIL￿ l am immensely proud of what our skilled Ld pa5sio￿* team have achieved over the year, ￿1$1￿8 over £6l9.(MM) to fund woje¢ts that ¢onseNe natt]r4 improve access and deeiKT cormections with ow natural worl(L This year, we have 5¢en a si8nifi¢ani growth in tKoj¢rt tnclxne. A major 5￿ceSS our National Lottery Heritage Fund bi¢L which will enable u5 to lay the foUnth1th￿ for a volunteer-led prognmn Pr￿¢¢1 ow Park'5 valu3ble ¢u](urai huitage. Equally imFrf)rtJnt h&s been the increase in our unrestric*d inwne. This flexible fundÈng has ￿lowed s to provide seed funding ￿ get ambitio￿5 le55 fundable tKojects off the ground and attract further inve5th1ent io s¢de upand deliver transformation for nature. Thank you to my fEllow thjstres. our tem commynity and imwlantly our th￿or5 for 5UPPOrting ￿ in this journey. Jen IA)wthrw Chatr of TnLSt Imcre*sing resollrtes inv¢s¢¢d in the Pe*k Diitrict NatiDul Park 202412025 w&s the most 5ucce5sful year so far of fijndraising for the Fowkd*ioru wtth the tearn raising £619.(MK) from all funding sources. in addition 10 its annual owattng grani providoj by the Peak I￿$￿¢[N￿]0rt￿ Park Authority. The Foundation tram coniinues to twvide a strong return on invesunenl with a circa £5 to £1 ROI on those invested in raising fimds. Major donor income w&$ our most significant irKome strw wtth Cor￿r*¢ and small ￿ mid-sized individual don*ions followin The Foundation aim5 to grDw i￿Orne forthe Peak Distrtrt Natiotwl Park to £1 million per year by 2028. We are working closely with ￿lleagUeS at the Peak District National Authority and elsewhere to i*st understhnd how to tO8th pbilattthmpic and wivatr funds to most effectively tr￿Sf0m1 the Park for nature and E*ople. D¢velopiDg 8ttd sllpprtlng projeets th*¢ ddiver th¢ Puk Di8tri¢¢ N•tionxl P•rk M•n•gem¢nt Plan121￿21I28) impxt in 20242025 can ￿ di¥td￿ into the following areas: H8bitst rt8tonliDIi We strU￿d additional fwiding to exrAnd the innovative FeatheTbEd Mo&5 Ttsearch project which 15 being deliveffd by Mwrs for the FuLuTe. This five-ye4r project looks at the impact th* density of Spha8nuTn Moss planting can have on ￿￿tland r¢S￿ration and will generate cnlciai data to infomi wice in mwrland Tecovy. Rcstordtion WOTk ort the i¢oni¢ Kinder Scout coniinu£s. Through the planting of two rnillio 5phagnurn plu85. bare ￿al is iring reAored to thriving habiw 3nd Yitaj sp￿1¢$ are returning to this iconi¢ mo￿]￿nd site. Funding w&$ secured throu￿ Wild Spaces. a cinema advertising initiative in parttW5hip with Pear] & tkn. GiffgatTand National Parks Partnership. In Septemtrr 2024. this project saw ow work on Kinder Scout featured in cinemas across the A Biodiversity Net Gain (BNG) Fc&sibility Stsjdy was funtsl to enable the Peak Districi National Park Authority to ulldtr￿d the wential of wowding biodiversiry improveme￿1 habÈi* banks for the sale of BNG wilts to the open markeL Thts could facilitate new flnance ftjr na¢ure restoration in ts Peak Di5tricL PEAK DISTiucf NATIONAL PARK FOUNDATION TRUSTEFS, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 A fl(KMI mana8erneni suryey v4&s carried ts) explore the wwibility of mwrland restoration work io reduce flo(wJ risk in the C&￿Iet0￿ art& Awarded four grants from (wcommunity Nattwe Furf heltrtng to improve S[￿Ces for nature within our National P&*. This includes mHkin8 biodiversity impyovements in Hayfield's Old School Field re5tOTatton of the communiry growing aYe&s ￿ The Beeches, Te5wrauon of the Beeley and plantsng to sUp￿rt Im￿ertlY pTrpulation in Rowl8n Actus Acttmiljility A new bridge was installed at Crc&th(M* Mill in winter 2024. reopen1￿ links between W*er-cuTrJolly Da]e and the MoTrsa] Trail. This i5 a vital ac¢e&8 Toute for local resident& walkers and clirnlEr& aTrJ fijnding was sow¢ed from a variety of s￿rreS includillg Farniing i Protected Landscam the Acce&s and Conservation Tn]SL LL5er groups and the loc4] community. A ch￿gIng P]aces facility opened at Parsley Hay on the traffic-free T￿ington Trail. opening the trail to users with 5eYere dis&bilitit& This included a grant fTom tkrbyshire Environments] dIstriF￿￿ftg fvnds from the TARMAC COMM￿lty Fun An xce&8ible outsloor ¢lassr(KJrn wildlife 8aTden was at the Peak Distrid N*ional Park Authority's ¢OtJsemiion voluntccr bdsc itj fjtindlefonl. The spatt is now up and running and enables Eroplc with ￿YSIcal iy le￿￿n8 disabiliti&S w tske part in conseryation volunieerin& develop grcen skills and enjoy the tr*nefts of lime 5peni in nallll We secured fimdin8 to rtrAir and enhance a p)rdy de￿aded 2.kilometsr section of the pular Dane Valley Way. Of the b￿81£￿ walkin8 routes in the South-west P¢ak. A5 well as ensuring the footyAth is fit for purpx several acce&sibiliry impN)vements will be made to m8ke the route more acce&sible ￿ those with differing levels of mobility. Work will F completed in Aununn 2025. CoDn¢¢iing ￿1* ¥•d eommupities to Mture 7821 children from 25 SC1K￿lS connected TtsDJre throuth the AmEffjssador Sch(MJls nature education pro8fdrnme. This incI￿le0 key S￿h￿]S wthin the Park bui priority focus was given to increasing parti¢ipting schools in areas of high deprivation Surro￿dIng the Park. Teachers w¢r¢ sllp￿rted by rdngers ￿ Int¢￿e n8turc eduC￿lOn In￿ their texhing in a way that best Worked for their local contcxl to bring children out ints) Park and to tnake Ion8-tertn hanges to how nawre features in their sch￿1 currI￿1￿m. Health and wellbeing xtivtti&s in thc South of the N￿$01￿1 Park were rolled ou( triallin8 new active events for communities who have barriers to accessing the health and well￿]ng benefts of visiiin& walkin& wheelin8 and cy¢lkng in the Peak Distria. This in¢lllded the first ranger guided run. ranger wellbeing walks ￿￿] nats￿ mindfvlness sessions. Sessions were also focused ￿ building 5ki115 and learnÉng amongst wic1￿lIng community groUp￿]eaderS. Over 7(M) people from b￿kgrOWIds typIc￿]Y under￿e￿¢sented in the outdoors were 5UPPQrted io vislt the Pawk through our Connect Fund. This included srnall lo sch¢)ols in ProteetSMg the P*rk'J c￿￿rA1 Herit We were awarded to launch Landsca[￿ Uftlock￿ a Fmjeci to cats]08ue and open to the public a rernarkable colleaion of over 40.(MM) 5paDDingthe 2￿ century. The PEAK DISTRicf NATIONAL PARK FOUNDATION TRUSTEFS. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 archive offer5 an extraoTdinary visual record of the Park's development and the ￿oPle who have lived WOTked and visited overthe deud¢5. This ts t*ing made wible by funding from The National Lottery Heritsge Fwjd The Pi18rirn Trusu The Wolfson Fowidatioo and The National Archive& We werr awarded a tkvelotmjart Phase rn fmrn The National Lotty Hwe Fund for People of the Peak: W Prcsenl Future. a major new volwtteering initiative to protect the Peak District's unique cuiturai herits8e. In this ph&se. the t￿oJe￿ ieam will explore aDd t&st a range of approaches to increase volunteer and community involvemenL le¥4Jing lo a fi￿1 Delivery Phase bid in 2027. V¥itor ￿per1etree Thanks to a major mulu.year gift fr(Mn an atK)nymous donor, we have been able lo work c105efy wth the Peak Di5trici Naiional Park Authority to crtate a new. sustainable model for visitor and bike hire cenlres. This fill￿J]ng has hel￿￿ cover the irnmediate shortlail tn keeping visiior ¢entres OTmtional whi]si a consultstion and development progrdmme tske5 place. Visilor centrt8 will become places that iThspire visit￿5 to learn al￿t protttt the Peak Distri¢L whi15t being underpinned by a fanan¢ial model seawes their long-tenn future. If successful. Lt could FKcome a model for visitor centrc5 xro&s otherNational Parks. Working ill partTr¢r¥hlp to ackieyt ch* Our funding appnwh is infornied by the Peak DistrictNatkontil Pa￿ Management Plan- a shar long-Th vision that sets out how the Nation￿ Park and its partners will work iogetherlo achiev¢ shared objectives for the future of the National Park We make m to our key delivery pArtner the Pe4k DisErict National PaTk Authority, or to other organIs￿l0n$ and gro4)5 where is itrfonned by the S￿[alist knowledge held by wlogirt Scientis￿ engagement or other specialists WOTking forthe Peak District National Park Authority. This includcs the tffovision of grants io gr&8sroots org8ni5atÉons. parish council& voluntary gmups and smallholders to creatr Ixner outromes for n*ure arwj Fwle. The Peak DistrirtNational Pth Fowld￿l0n's Olmting costs are ￿ld for through ￿ ann￿al grdnt f￿M the Peak DÉ5tria N￿lonaL Park Allth￿1ty until 2028 (with the m de￿￿l￿g in size frorn 2026 onwards). The Tnjs￿eS hav¢ the Foundation's requirern￿ for reserves in lightof the ffttial future withdrawal of the atmual grant from the N￿l￿n81 Park Authoriry. It is impyrtant to grow reserves to allow the organisau¢)n to SUp￿rt itself in the future. TnL$t￿ have thercfore created an objective of building a d¢di¢ated contingency reserve equivalent to three months nwming ClKsts. This policy will reviewed at the Annual Tn￿te¢ Away Day exh year. as well as * any kk)ard mee¢ingth* consider5 thc future funding grrangements for the FoUnd￿l0[L On 31 March 2025. we held unrerrictoj fim(b of £119.012. ofthese fimd& uusree5 have ring-f¢n¢ed £45,683 to cover wnd4own costs itl the eveni of the ¢105ure of the clwity. Our desi8natrd stood ai £112.5(Kl and are all to for named proje¢ts during the coming year. Our restricted funds StsXKt at £127.47] and a￿ ail ￿ be ￿e￿ for named projeds during this wming year. Totsl fvnds held * 31 March 2025 arnowrted to £35&983. PEAK DISTrICT NATIONAL PARK FOUNDATION TRusfEES' A]¥NUAL REPORT YEAR ENDED 31 MARCH 2025 In the year ended 31 Ma￿h 2025 i￿ome was £754.1(K). of whith £134,309 w&5 uttrestrictryl and £619.791 was rtstricted In Comparison. in th¢ twelve-rnonth wiod ended 31 March 2024 income was 88,824 of which £134.346 was unr¢5tricted and £454.478 w&8 ffstrictod. ExFnditure in the Y￿ ended 31 March 2025 £651580 of which £51.212 was unrestricted and £601.368 was restricted. In comparison in the ￿e1ve month period cnded 31 March 2024 eX￿￿lI￿re was £4W.494. of Twhich £87.762 was wtr¢stric￿l and £401732 restricte Approved by the Board of Tntstres on IW November 2025 aTMI si￿1 OD its behalf by: Jenlly Imhrop Chair of Tr￿￿treS Alu W*ddingtots Trt￿tte PEAK DISTRICT NATIONAL PARK FOUNDATIO INDEPENDENf EXAMtNER'S REPORT TO THE TRu￿EEs YEAR ENDED 31 MARCH 2025 I r¢port on the accoutts of the compgny for the year ended 31 March 2025 which are set out on page7to 16. Respective r¢spD#¥STrMlititA oftrlstets *nd euminer As the clwity tn￿tts of the TrusL you re5ponsiThle for the preparation of the accounts in accordance with the rcquirements of the Chariiies Act 2011(Ihe Act'j. I report in respect of my wmination of the Tnsst's accounts carried out under Section 145 of the 201 IcAct and in caThying out my examinatior4 I have followed the applicable Di￿110nS given by th¢ Chartty commi￿10n under section 145{5Xb) of the ACL I have compl¢¢¢d Tny examination. I confwm that nknial m4tt¢rs ￿ve ¢om¢ ￿ my 4tt¢niion in conn¢¢tion with the examination Twhtch gi￿5 m¢ CA￿$¢ kn believe that in. afty material respect: accounting records ￿'¢re not keN in accordance with Secti￿ 130 of the Act or the accowits do not accord with the accounting r¢cord5 I have no concerns and have come across no other matters in ¢onne¢lion with th¢ examinalion to which atkniion shouki be drdwn in order ￿ enable 4 proper understsnding of the o¢¢ounts EO be reached. EriGlget iaiLLobishb Bridget K*lloushi ACIE 6 Linden Road London NIO 3DH Date: 19th November 2025 PEAK DISTRicf NATIONAL PARK FOUNDATIOIY STATEMEIYT OF FINANCIAL ACllVITIFS YEAR ENDED 31 MARCH 202S UArutiieted Rejtricttd To¢*1 Year to31 Mar 2025 Totsl Funds Yearto31 Mar 2024 Note IDeome from: Donation5 Charitable arttvitie5 Investsnen( income 134J09 458,168 161h23 592,477 161h23 447,824 141.000 Total incomlug r¢wur¢es 619.791 754.1(Kl S88.824 EIpeDditure on: Raising funds 14340 14540 3,638 Charitsble activilies SJ212 63&040 486,856 Total expeudTtwr¢ 51212 601J68 652J80 490,494 Net income [￿￿1d1tibrc) IV23 98J30 Transfer beNeen funds {ih36) Net mov¢m¢nt lty fullds 81A61 20,059 IOlJ20 98,330 Fund bA]aD¢es at l Apr 2024 150,051 107,412 257,463 159,133 Fund balances at 31 March 2025 231J12 127.471 358.983 257.463 The company had no new or disconiinued activities during the year. Tht notu on pates 9 to 16 form ofthe5e fiDaD¢ial stat¢nbeul& PEAK DISTRicf NATIONAL PARK FOUNDATION BALAI¥CE SHEET YEAR ENDED 31 MARCH 2025 2025 2024 Note Fixed ajsets Current IS￿ts Debiors Cash at bank and in hand io 1161x1 254,507 363,798 368.702 267,107 Creditors". fxlllnt due within One year (9,719) (9,644) Net cttrrtnt ￿ets 358,983 257,463 Totxl amets lem ¢urren¢ li•bllltl 358,983 257,463 Net asstts 257.463 The lunds of tbe charity: Restricted reserves Unrestricted- General Reserves Unrestrictrd - Doffl￿nI Fund5 Unrestricted - ConliTtg¢ncy Fund Designatd Funds 13 13 13 13 13 127,471 119,012 107.412 85,849 15.032 49,170 112JIM) TOTAL CHARTfY FUNDS 257.463 These financial ststem¢Dts w¢re ar4)roved by the director5 and authoris¢d for issue on 19th November 2025 and are sipied on their behalf by: JeDny LowtbTOP Chair of Trnstees Alex WaddiNg¢o• Charity Registration Numlxr. 1182136 The notes pxgeA 9 to 16 forn part of thue finAB¢iAI statemeDI& PEAK DISTiucf NATIONAL PARK FOUNDATION NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 MARCH 2023 Aeto•Dting policies The principal accounting ￿)lIcIeS adopte(L judgements and key sources of estimation ncertainty in the preparation of the financial st#t¢ments are &s follows: 1.1 Accoulltint CODventiOD These accounts have been Prepared itt accordance with FRS 102. -The Firtsancial Rep)rting Stsndard applicable in the UK and Rcpubli¢ of ITEland- (-FRS 102.), -Accounting and Reporting by Charitie5" the Stsiemeni of Recommended Practice for charities applying FRS 102. the Companies Act 2(K16 and UK G¢n¢rnSly Accepted Acwunting Pwtic¢ a5 it applies from l Januar). 2016. The charity is a Public B¢nefii Entity as der￿ed by FRS 102. The accounts 81¢ prep8red in Sterling which is the functional cU￿encY of the company MondJry amounts in these fmancial Statem￿ to thc nearcsi £. The accounts have been pryrcd on h15kn1￿1 ¢onv¢ntion wrt fiom fixd a55 investments wthich are cattied at mthet value. The wincipal accounting policias adopted are sei out below. 1.2 Goin% eoncern Ai th¢ time of approving the account& the tru5*e5 have a reasonable ex&*c￿lOn that the ¢hatity has adequate re9)ur￿S to wntinu¢ ift OFwationai existence for the foreseeabl¢ firtur¢. Thus. the T￿￿ wntinu¢ to adopt the going concern b&sis of accounting in preparing th¢ a¢c0E￿ts. IJ Charitable Funds Unr¢stricted fijnds are available for use at the discretion of the ITUStees in fiwtherance of the general objectives of the charity. tksignatrd fim&s are unrestricted funds earnwked by the tsusttts for particular purwses. Restricted funds are subjectd to rcstrirtion5 on th¢ir ¢xpendiWY¢ impos¢d by thc doTJor or through the ¢¢rms of appeal. 1.4 Intoming rtyourres All incoming re￿UrceS are included in the SOFA when the charity is legally entitled to the income and th¢ amourtt ¢an be quafflified with reasonable accuracy. Gifts in kind have been in¢luded at market value of gilts received and in asscts acquir￿. No amounts are included in the financial stat¢m¢nts for sffvi¢es donatrd by vohmteers. 1.5 ReAourtes expended All expenditu￿ 15 aecounted for on an accn]als basis and has been classified under headings that aggregate all costs relating kn the calegory. Where costs ¢annoi be directly attributed to particular headings, th¢y hav¢ b¢ffi allo¢a*d th aciiviiies on a basis consis￿nI with us¢ of th¢ rwurtrs. Fund-raising costs are those incurred in seeking voluntary contributions and do not include th¢ costs of di55eminAting inforniation in the slip1￿ of the charitable xtivities. PEAK DIsTlU￿ NATIONAL PARK FOUNDATIOIY NOTES TO THE FINANCtAL STATEME]YTS YEAR E]¥DED 31 MARCH 202S 1.6 D¢blor5 Trade and other de￿or5 arr recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount pr¢paid nd of any trad¢ diswunts du¢. 1.7 Cash and eqwiv•l¢nts Cash and cash equivalents in¢lude c&sh in hart deposits held at call with banks. other 5hort- terni liquid investsnents with original maturities of thre¢ months or less. Bank overdrnli8 are shown within E4)rrowings in rurreni liabilities. 1.8 Credilorj ¥Dd provi8Fou Creditors and provisions ar¢ r￿lS¢d where the charity has a prtsent obligation resulting from a past ¢vent thAi will probabty result in the tran5fcr of funds to a third party and th¢ amouni due to settle the obligation can k meLsured or estimated reliably. Creditors And provisiotjs Are nOM￿llY recogniscd ai their selllement amount after allowing for any trade discounts du¢. 1.9 FiDaD¢i*I iuJtrllm¢ttts The charity has financial ass¢ts arld financial liabilities of a kind that qualify as basic flljancial instrum¢nts. B&sic financial instruments arc inttially rccognl5￿ at transactlOD valu¢ and subsequentty m¢&sured at their senlement value. Dérteognilion offinoncial liqbililies Financial liabilities ar¢ derecogrtised when the company's contrxtyal obligations expire or are discharg¢d or ¢Jncelled. 1.10 Kmployet bemefits The cost of any wjwsed I￿1]daY entitlement is recognised in th¢ pcriod in which th¢ employrf's s¢rYices are received. Termination benefiLS are recognised immediatrly &5 cxpertse when the company is demonstrdbly ¢ommRlled to terniinate the employment of an ¢mploy¢c or to provid¢ t￿IDaTIon benefits. 1.11 Taxation The charity is exempt from lax on incorne and gain5 falling with section 505 of the Taxes Act 1988 or se¢lion 252 of the T￿tion of Chargeabk Gain5 Art 1992 to th¢ ￿l¢DI that th¢x applied to its charitable obj￿ts. 2. Crltlcal aeeollDtimg ¢s¢imatu #ttd Slldgements In th¢ appltcation of thc chartty's a¢¢ounttng p)Ix¢1￿. th¢ IT￿5 are r¢quird to make judgements. estimates and assumptions aFM)Ut the canying amount of assets and liabilities that are not r￿lty apparent from other sources. The ¢stimat¢d and a55QCiatcd a55umptions arc bL8ed on historical experienc¢ and othw f#¢knts that are considered to be relevant. Actual results may differ from these estimate& PEAK DISTRI￿ NATIONAL PARK FOUNDATION F40TES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Donations Total Funds Yearto31 Mar 2024 Unrejtrirted ReSt￿ted Funds Ye#r to 31 MAr 2025 Gitis and tknations 134J09 45&168 591477 592,477 447.824 447,8?4 134J09 45&168 Grn•ts R¢tefvable Totsl Funds Totsl Funds U•r¢¥trieted Re45tiicted Ye*r to 31 Yearto31 Funds Fulldj Mar 2025 Mar 2024 National Park Authority Grant The British MouDtainttrin8 Council Alpkit Foundation The National Ar¢hiv