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2024-06-30-accounts

1

Our impact - 2024

Avon Needs Trees

Contents

Contents 2
Trustees annual report 3
Welcome 4
Our objectives 5
How we’re different 6
Highlights 23/24 7
Woodland Creation 8
Land - a year of growth 9
Trees planted in 2024 10
Future plans: Lower Chew Forest 11-12
Site Design Concept 13
Lower Chew Forest: Creating Biodiverse Habitats 14
Lower Chew Forest 15
Impact for People 16
Preparing for commercial trading 17
Landscape Recovery in the Lower Chew 18
Achievements & Performance: Towards a new 5-Year Strategy 19
Volunteering 20
Our volunteers 21
Number of people living within 10 miles of our sites 22
People Impact: Case Studies 23-24
Our green skills programme 25
Our frst graduates 26
Outreach 27
Structure, management and governance 28
Our staff demographics 29
Statement of responsibilities of the trustees 30
Finance Review 31
Fundraising 32
Funding and Donations 33
Independent auditors' report 34-35
Audited Accounts 36-45
Final Thanks 46

Avon Needs Trees

Our impact - 2024

Trustees annual report

The trustees present their report with the audited financial statements of the charity for the year ended 30 June 2024.

Reference and administrative details

Principal Office

Canningford House, 38 Victoria Street, Bristol, BS1 6BY

Registered Office

Canningford House, 38 Victoria Street, Bristol, BS1 6BY

Key Management Personnel

Chair M. Funnell CEO D. Wood

Trustees

The following Trustees served during the year:

C.L. Bedford

T. Blanchard

A. Chester

J. Chew M. Funnell

S. Hales N.J.A. Murry A.G. Spittlehouse

Auditors

Godfrey Wilson, Mariner House, 62 Prince Street, Bristol, BS1 4QD

Accountant

Magic Bean Counters Limited

Unit 7,

The Old Co-op 38 Chelsea Road Bristol BS5 6AF

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

The Co-operative Bank p.l.c. P.O. Box 101 1 Balloon Street Manchester M60 4EP

Solicitors

Thrings Solicitors 2 Queen Square Bath BA1 2HQ

Avon Needs Trees

Our impact - 2024

Welcome

Welcome from the Chair

The intensifying impacts of the nature and climate crises are everywhere to see. 2024 was the warmest year on record, the first year temperatures were more than 1.5c above pre-industrial levels. In the UK extreme weather events resulted in more flooding, heat spikes and wildfires. Climate change disinformation and denialism is rife online. And so the need for practical, positive climate action has never been greater.

The good news is that we are seeing people increasingly taking solutions into their own hands. The 1,000 volunteers at Avon Needs Trees planted more trees over the course of 2024 than any previous year, with survival rates of 90% or more – well above average. They repeatedly reported boosts to their wellbeing and mental health, as well as feelings of pride and accomplishment in the difference they are making.

Our charity has also taken its work to the next level, securing our biggest site yet: Wick Farm. Together with Great Avon Wood a mile or so away, the Lower Chew Valley is fast becoming one of the UK’s beacon sites for woodland creation and nature recovery. And with its history of flooding, local communities all the way down to Keynsham on the banks of the Avon will reap wider benefits from these projects, as new woodland traps rainfall and slows the flow of floodwaters into the river system.

A huge thank you to everyone involved in these success stories, from our staff, generous donors, volunteer leaders and of course the heroic volunteers themselves.

Mark Funnell, Chair

Introduction from the Chief Executive

2024 was also highly challenging but successful year for Avon Needs Trees. We assembled cutting-edge public/private finance on an unprecedented scale for creating priority habitats: £7m to purchase Wick Farm to create Lower Chew Forest, the biggest new woodland in the south west in a generation. We were also accepted into the second round development phase of Landscape Recovery, a 25-year plus DEFRA scheme in its new Environmental Land Management programme. Landscape recovery in the Lower Chew will seen ANT join with a group of local landowners to plan ecological and social impact on an unprecedented scale over many years to come.

Our staff team doubled over the course of 2024 to meet the challenges of these significant projects. Projects on this ambitious scale cannot be achieved without the passion and hard work of our staff team, trustees and volunteers. We can also only do what we do with the help of our funders, partners, corporate supporters and the public who gave an amazing £172,000 to a single crowdfunder in 2024 alone. Thank you!

Dave Wood, CEO

Avon Needs Trees

Our impact - 2024

Our charitable objectives are:

i) The conservation, protection and improvement of the physical and natural environment for public benefit by the establishment and maintenance of trees, woodland and complementary habitats in such areas within the Bristol-Avon catchment area as the trustees shall determine.

ii) To advance the education of the public in the conservation, protection and improvement of the physical and natural environment including by promoting woodlands as a means for the public to learn about wider environmental issues such as: sustainability, climate change, ecology and the mitigating need for trees.

Our short- to medium-term strategic aim is to transform our ownership and funding model to build a resilient and sustainable ANT that delivers maximum possible outcomes for nature, climate and people. Our activities that deliver this aim includes:

  1. Fundraising to buy land to create new woodlands and complementary habitats and to meet our charitable objectives through the long-term conservation, protection and improvement of those habitats. ANT is evolving its model to make a greater impact by also creating woodland on land it does not own where legal mechanisms for permanence can be achieved, working in partnership with others. Fundraising activities will contribute to our objectives by facilitating long-term delivery, maintenance and protection of woodlands and complementary habitats.

  2. Meeting ANT’s education objective through public engagement in woodland creation, conservation activities, heritage, ecology and climate change through volunteering opportunities, free-to-access education events, outreach and green skills programmes, as well as participating in research activities.

Our long-term strategic aim is to create a financially selfsustaining ANT that works in partnership with communities to create woodlands and complementary habitats at an increasingly impactful, landscape scale across our catchment area. Fundraising for a growing and stronger ANT operating across a wider geography will maximise impact now and into the long term.

Our organisational values guide our work and inform our organisational behaviours. Our organisational values are:

Ambitious. Our people are nimble and take opportunities, take urgent action to tackle the climate and nature emergencies, are bold in our ambition and scale

Reasoned. We are thoughtful, ethical and reasoned in how we deliver our ambitions

Positive. We are optimistic about the future and our ability to shape it, meeting our mission and challenges with positivity

Avon Needs Trees

Our impact - 2024

How we're different We buy and own land We provide quality aftercare We plant thoughtfully Avon Needs Trees is different because we buy land to ensure that our new woodlands will be around permanently. Because we own most of our land, we can and do plan for the long term care and maintenance of trees. This means our trees have exceptionally high survival rates. We plant thoughtfully. Native trees in suitable places - where they should be. We plant unproductive land Our projects are near cities We don't greenwash We plant on the least productive land, reintroducing space for nature into the countryside, alongside sustainable food production. From planting to pruning, we actively encourage participation from all communities at every stage - especially those with limited access to nature. Our planting isn't just a numbers game. We plant sensitively and appropriately. and not to hit targets to greenwash private finance. Our impact- 2024 Avon Needs Trees

15,000+ trees planted

422 acre

site purchase Located between Bristol and Bath

Volunteer Portal

£4 Million loan secured and £170k raised via Crowdfunder

launched a bespoke information and sign-up service for our volunteers

Avon Needs Trees

Woodland Creation

2024 has been a further substantial year of growth for the charity, with the number of acres of land managed for nature and woodland creation increasing from 169 acres across four sites to 591 acres across five sites.

Our new woodlands this year

On 10th May 2024 we completed purchase of 422 acres at Hunstrete, just south of Bristol, of what will become Lower Chew Forest. The site will become the biggest woodland creation project in the South West in a generation. This purchase was funded by a combination of DEFRA grant, Triodos natural capital loan and community fundraising.

Our existing woodlands

On our existing sites volunteers planted the next phase of 14,931 trees at Great Avon Wood, bringing the total to 21,088. A further 400 trees were planted at Ed Woods, including 28 orchard trees. Post planting maintenance and conservation continued at Hazeland and Pudding Brook Wood, as well as at Great Avon Wood and Ed Woods.

Maximising ecological and climate impact

Delivering multi-layered benefits is central to maximising impact for climate and ecology. Woodland creation can deliver a range of benefits to biodiversity, wildlife and natural flood management and climate resilience. These factors were considered strongly during site selection and design this year when purchasing Lower Chew Forest. This was achieved through considering Nature Recovery Networks and emerging Local Nature Recovery Strategy when selecting sites, taking advice from the Environment Agency on the natural flood management potential of each site, commissioning independent ecologists to input into site design, as well as assessing site design against outcomes for climate resilience (especially soil improvement in open space land use) and food security.

Future Plans

In the next reporting period ANT’s main focus will be on the first planting season at Lower Chew Forest, completing planting at Great Avon Wood and woodland creation and connectivity opportunities as part of Landscape Recovery in the Lower Chew. ANT also intends to scope funding options to work with communities to identify wider opportunities for woodland creation across our catchment area.

Avon Needs Trees

Our impact - 2024

Land - a year of growth

Purchase of 422 acres between Bristol and Bath, to create Lower Chew Forest, which will see 100,000 native trees planted, the creation of new wetlands, miles of new hedgerows and species-rich grassland habitats.

This 422 acre site will be the South West’s biggest woodland creation project in a generation, and saw huge growth in ANT’s collective estate.

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2020/2021 2021/2022 2022/2023 2023/2024
Purchased Purchased Pudding Purchased Purchased Lower
Hazeland Brook Wood Great Avon Wood
Chew Forest
34 acres 12 acres +
Partnership at Ed Woods
422 acres
123 acres
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Avon Needs Trees
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Our impact - 2024

10

Trees planted in 2024

In the 2023/24 planting season, 14,931 trees were planted at Great Avon Wood.

21,088 total number of trees now planted at Great Avon Wood near Bristol

Post planting Maintenance at Hazeland near Calne

400 new trees planted at Ed Woods including 28 orchard trees near Shepton Mallet

Post planting Maintenance at Pudding Brook Wood nr Chippenham

Avon Needs Trees

Our impact - 2024

11

Future plans: Lower Chew Forest

Our woodlands at Lower Chew Forest

Over 30 different native species, such as Hawthorn, Oak, Hazel, and Willow- a mix of vital habitats for a wide range of birds, insects and mammals. Host to aphids, caterpillars and butterflies, which form the base of many food chains.

An important food source for some of the UK’s vanishing butterflies. Purging buckthorn is the main food source for the brimstone, the beautiful early spring butterfly; large and sulphurous yellow. The spindle is home to the holly blue, an increasingly rare and beautiful blue butterfly.

Planting for a changing climate. Species such as Sessile Oak, Hornbeam and Small-leaved Lime

Benefits to vulnerable and indicator species such as the Lesser Spotted Woodpecker and the Small Pearl-bordered Fritillary (for woodlands.

A focus on species

Large areas of open space will favour notable species such as Brown Hare which are prevalent on site.

Glades and open fields with woodland edge will benefit Barn Owls, Farmland birds and the Bat species that are present on site

Large areas of scrub with Blackthorn will benefit Brown Hairstreak Butterflies, a priority species in the area

Removal of Maize production particularly on the steeper eastern section of the site will benefit river species and reduce silt buildup

Hazel features as a large percentage of the overall species mix and will benefit Hazel Dormouse which are historically recorded as nearby.

Hedgerows

Wetland and waterways

Once a common and essential part of the landscape - but over the last 500 years England has lost 90% of these natural wonders. Species like the Daubentons Bat will use our wetlands to feed. By flying low and skimming over the water’s surface, these remarkable creatures will feed on the Mayflies, Midges and Caddisflies that need wet environments to survive.

In the UK, over the last 75 years hedgerows have declined by as much as 50%. This has had devastating consequences for the creatures that depends on them - some species such as hazel dormouse facing much steeper losses and an uncertain future.

At Lower Chew Forest, we’re planting 4 km of new hedgerows. These restored nature superhighways will provide an invaluable shelter for much of the UK’s beleaguered biodiversity - providing space for nature to rest, feed and ultimately thrive.

Indicator & vulnerable species that will benefit include the otter and European Eel and Atlantic Salmon

They will connect isolated wildlife habitats and provide refuge for farmland wildlife, supporting rare species like the hairstreak butterfly, cirl bunting, and dormouse.

The orchard

We’re creating a traditionally managed orchard for rare heritage fruit trees.

Our wildflower meadows

Traditional orchards have declined by as much as 81% in England and Wales since 1900, taking with them hundreds of years of precious crop diversity.

The UK was once famous for species-rich grasslands, which developed over a period of around 6,000 years. Since the 1930s we have lost 97% of these spaces.

We will be providing space for these historic varieties that are a unique part of our environmental and culinary heritage, creating a living seed bank that bears fruit.

As well as providing homes for native pollinators including bats, bees and birds these trees will allow volunteers the opportunity to learn organic tree care skills.

Our impact - 2024

Future Plans: Lower Chew Forest

Avon Needs Trees

Our Impact - 2024

Site design concept

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Romano British heritage area Grade 2 agricultural land Species rich grassland and strip
preserved through arable reversion reverted to grassland lynchets left open
to species rich grassland and kept and kept in agricultural
free from woodland production with historical
hedgerows re-created
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Productive coppice
Ponds and
woodland created Minimal
wetlands created
adjacent to productive intervention
to provide Natural
Lords Wood woodland
Flood Management
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Land based nature
inspired artwork
Natural colonisation from seed
of Lords Wood creates western
edge of the new woodland Historic area of parkland associated with the
Hunstrete estate recreated with low density
planting of wood pasture and scattered trees
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Species rich
grassland not
planted on and
brought into
management
Hunstrete
Tree free areas positioned
near Hunstrete settlement
and residential properties to
retain views
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Artistic impression of intended scheme. Positions of individual trees will vary as well as scale. © Crown copyright and database rights 2021 Ordnance Survey (100025252)
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Lower Chew Forest: Creating Biodiverse Habitats

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Avon Needs Trees
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Our impact - 2024

In progress: £400,000 Tree Fund for purchase of trees

Avon Needs Trees

Our impact - 2024 Our Impact - 2024

Impact for People

ANT’s objectives of woodland creation and conservation, and education about climate and nature, bring multi-layered benefits to individual people and the wider public. ANT has a particular focus on individuals and communities most likely to be impacted by climate change, for example young people, marginalised communities and the climate anxious.

Over 1,000 volunteers helped meet our charitable objectives, mostly through planting trees, conservation, and providing aftercare. Specialist volunteers and trustees are heavily involved in planning woodland creation, public engagement and outreach. We monitor skills, knowledge and wellbeing outcomes to maximise our impact.

Events: We ran dozens of free-to-access public events at our sites across the year to deliver, monitor and evaluate natural heritage and ecological education, knowledge and wellbeing outcomes. Events range from forest schools to family days to forest schools and story creation events.

Jobs and skills

This year we ran a pilot Green Skills course with funding from the West of England Combined Authority, particularly focussed on long-term unemployed people, young people and those who have faced barriers accessing environmental jobs. 13 people completed the course and 9 went onto employment, further training or volunteering.

This year we ran an organised presence at a range of community events to ensure ANT’s opportunities are available to a wider audience. Many of these were stalls at very localised general community events or townwide climate-focused events.

Equity and inclusion

Inclusion is central to our cross-cutting theme of multilayered benefit delivery. National and local government statistics concur that marginalised communities are both less likely to access high quality green space or engage with opportunities, and more likely to benefit from taking these steps. We monitor internal equalities information to establish how representative our direct beneficiaries are of the general population and take action to redress lack of representation. The following communities are less likely to get involved in our activities without proactive steps: disabled people, children, older people and ethnic minorities. Our marketing, use of imagery and design of events has a focus on children and ethnic monitories, with most of our on-site events designed for one or both communities.

Co-design with communities

We embrace the principles of co-design and this year we have been working towards good practice. This

year we held community drop-in events during the woodland creation process to directly engage local people in the design of our new woodlands. We also met with local farmers and landowners to form a group that applied successfully for Landscape Recovery Round 2. We continue to discuss new projects of any kinds widely amongst potential beneficiaries, people who face barriers to involvement, local communities and regional stakeholders

Future plans

In the coming reporting period ANT plans to create an Engagement Strategy to implement the engagement priorities of the new 5-Year Strategy. This intends to have a sharper focus on directing our engagement and outreach to priority communities.

Two further intakes of the Green Skills Course are planned and funded. Recruitment of Volunteer Leaders and other volunteers is a priority.

A focus of the coming reporting period will be designing the implementation of Landscape Recovery in the Lower Chew. This will involved stakeholder engagement on a new scale and designing wide-ranging benefits for people in a project that will last at least 25 years.

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Avon Needs Trees
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Our impact - 2024

Preparing for commercial trading

In June 2024 ANT established Avon Needs Trees Trading Ltd (ANTTL) with two trustees and the ANT CEO as founding directors. Since then a further member of ANT staff and two unconflicted directors have been appointed. ANTTL is a wholly owned subsidiary of ANT and intends to donate its profits to the charity.

ANTTL will undertake commercial activities that are complementary to our charitable objectives and activities, such as ecotourism that is expected to be launched in summer 2025.

ANT is also preparing to market and sell Biodiversity Net Gain credits in the coming reporting period.

Both commercial activities will fund ANT’s charitable activities. In the short term this will include helping ANT to meet its loan obligations from purchase of Wick Farm to create Lower Chew Forest.

Avon Needs Trees

Our impact - 2024

Landscape Recovery in the Lower Chew

The Lower Chew Valley Landscape Recovery Project formally started in April 2024, after ANT was successful in its application to DEFRA for Round Two of its ‘pilot’ roll out of Landscape Recovery Projects. LRP represents the third arm of the government’s Environmental Land Management schemes (the others two being Countryside Stewardship and the Sustainable Farming Initiative), 22 projects were approved in Round 1 in 2023, and another 34 projects, including ANT’s Lower Chew Valley were approved in Round 2 in 2024. ANT, as landowners in Lower Chew, is now leading the project that combines 683 hectares of farmland, woodland and watercourses in 6 farms. An expected addition of one more farm should bring the total area of the project to almost 800 ha.

The story so far

As of April 2024, ANT began a 20-month period of Project Development in preparation for the 20-30 year Project Implementation Period which will start in early 2026 if all the six project plans meet DEFRA’s approval. ANT secured almost £750,000 from DEFRA to finance this project development phase (PDP).

The project intends to have measurable impact in meeting the key objectives of improving biodiversity through the creation, restoration, or continued effective management of a mosaic of wildlife-rich habitats, while also contributing towards Net Zero ambitions for the region. As secondary goals, the project intends to restore water-based habitats to improve water-dependent biodiversity and Natural Flood Management, enhance landscape character and enhance heritage. Additionally, through increasing access and engagement to the project area for people we intend to have a significant social impact, while maintaining a high level of food production from the area

By June 2024, ANT had successfully recruited a core team of 4 staff to manage different aspects of the project, as well as identifying where other existing and new ANT staff would contribute to the work. Project programming, planning and landowner liaison was well underway, not to mention solid working relationships were established with the project-dedicated DEFRA Project Liaison Officer, as well as relevant Forestry Commission, Natural England and Environment Agency staff. Baseline ecological studies and habitat condition assessments had already started. The most productive and impactful period of the project development phase of this LRP will be the July 2024-June 2025 reporting period.

Avon Needs Trees

Our impact - 2024

Achievements & Performance: Towards a new 5-Year Strategy

During the reporting period ANT was operating under its 5-Year Strategy (2021-26), which was given an interim update in September 2023. By the end of 2023/24 ANT had far exceeded several of its 2021-26 goals, whilst others are more advanced:

1. Plant at least two Pudding Brook Wood sized woodlands each year

4. Developing our funding and ownership model, securing long-term care for our woodlands

2. Trustee and volunteer resilience

Future Plans:

3. Staffing for a sustainable ANT

During the reporting period ANT started to develop a new 5-Year Plan (2024-29). This has since been finalised, with a more comprehensive strategy, theory of change and new goals:

  1. Create new woodlands at a landscape scale to tackle the climate and nature emergencies 2. Achieve financial sustainability so we can deliver more

  2. Develop our people for today and tomorrow

  3. Help our communities adapt and mitigate climate change

  4. Extend our impact by our embracing our leadership role

Avon Needs Trees

Our impact - 2024

Avon Needs Trees

Our impact - 2024

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8% aged 17-25
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12% 65 plus years
Our volunteers
2% Asian or
Asian British
3% mixed or any other
multiple ethnic ethnic group
group ●51% aged 26-44
0% African,
Caribbean or
5% prefer not
black.
to say
29% aged 45-64
7% other white
82% white British
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Our impact - 2023
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Avon Needs Trees
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22
Ed Woods
nr Shepton Mallet
148k people
Hazeland
nr Calne
175k people
Avon Needs Trees
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Number of people living within 10 miles of our sites*:

Hazeland nr Calne 175k people Pudding Brook Wood nr Chippenham 184k people

Great Avon Wood nr Bristol 897k people

Lower Chew Forest nr Bristol and Bath 725k people

*according to Population around a point (tomforth.co.uk)

Our impact - 2024

People Impact: Case Studies

Black2Nature

Black2Nature is dedicated to connecting Visibly Minority Ethnic (VME) kids with nature.

ANT has worked with Black2Nature to bring young people to two dedicated tree planting days during both tree planting seasons at our Great Avon Wood site. This has been built on with a summer visit for tree care and nature exploration. We plan to continue this connection with Black2Nature and our woodland creation projects.

www.black2nature.org

Bristol Muslim Home Ed Network

ANT has been connecting with this informal network of Muslim Home Educating Families across Bristol. Women and young people who are part of the network have attended a family nature day, a block of 5 Forest School sessions and a tree planting day at Great Avon Wood. We plan to continue working to build connections with these families.

Bristol University Inclusion Team and LGBTQ student community

Into University

Into University works to break down barriers to social mobility, providing local learning centres where young people can broaden their horizons and are inspired to achieve.

ANT has been working with the Inclusive Communities Officer at Bristol University to welcome LGBTQ students to Great Avon Wood. Students attended an ‘Out in Nature’ Spring Wellbeing session at the site delivered by a specialist art therapist and will return for a follow up in the autumn. These sessions will repeat next year with the hope of including students in tree planting too.

ANT has been working with their Bristol South centre in Withywood. Young people attended a tree planting day last winter at GAW and have followed this up with a Spring and Autumn Forest School session. This schedule is planned to repeat next year with some additional sessions too.

https://intouniversity.org/centre/intouniversity-bristol-south/

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Avon Needs Trees
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Our impact - 2024

Avon Needs Trees

Our impact - 2024

Our green skills programme

83%

ANT’s first ever Woodland Skills training programme ran January - June 2024 with 15 participants and 5 pro-bono training partners. The course consisted of 9 day-long workshops and site visits and 2 webinars. All course participants had the opportunity to shadow a member of ANT or FOAT staff for a day.

75%

92%

58% 41% 83%

have been actively applying for jobs / apprenticeships during the programme

have done volunteering as a have had job or apprenticeship result of the training course interviews during the course (June 2024)

100%

75%

100%

67%

Avon Needs Trees

Our impact - 2024

Avon Needs Trees

Our impact - 2024

Outreach

Events in 2024:

Family Open Day All Things Trees Muslim Home Ed Family Forest Day Muslim Home Ed Family Forest School (x5) Autumn Forest School Pensford Primary Storytelling on site Muslim Home Ed Group tree planting Storytelling online event Soul Trail Wellbeing Hiking group tree planting Black 2 Nature Tree Planting Into University Tree Planting - Hazel Coppice Black 2 Nature Tree Planting Pensford Primary Tree Planting Ancient Forests online event Tales from the Landscape Early Morning Bird Walk Walking the New Great Avon Wood Spring Tree ID walk LGBTQ wellbeing - Spring Forest School with Into University Story Creation Workshop

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27
We ran
more than
20
events
attended by
542
people
in total
Avon Needs Trees
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Our impact - 2024

Structure, management and governance

Constitution

ANT is a Charitable Incorporated Organisation (CIO), formed in April 2019 and registered as a charity in July 2019. The affairs of ANT are governed by its Constitution which established the objects and powers of ANT. In the event of the charity being wound up the trustees have no liability for its debts.

Risk Management policy

The Trustees have identified the potential risks to ANT and ranked them according to likelihood and severity. For each risk they have identified mitigation and a responsible person, and the risk register is reviewed at every regular meeting of the Trustees.

Appointment of Trustees

The governance of ANT is the responsibility of the Trustees who are appointed under the terms of the Constitution. Trustees remain in post until they retire or otherwise cease under the provisions of the Charity constitution. New Trustees are elected by the Trustees then in post after an observation period of at least three meetings, as detailed in the Trustee Policy, along with an induction learning journey and training.

Organisational structure and decision-making policies

Operational decisions are delegated by Trustees to the Chief Executive, in consultation with relevant lead Trustees for HR, safeguarding, health & safety, data protection, fundraising and public engagement and operational reports are reviewed a monthly meetings of Trustees. Policy decisions are made at Trustee monthly meetings with regular and ad hoc Trustee subgroups in operation to advise.

The Chief Executive leads the staffing structure and delegates responsibilities to other members of staff as necessary, based on trustee board decisions and a schedule of authority. The Chief Executive manages the senior leadership team, who in turn manage their own teams. In the year 2023/24 these teams were a) people and operations, b) engagement, communications and fundraising and c) woodland and impact.

During the reporting year a new pay policy was instituted by trustees. Trustees set the salary and terms for the CEO and the CEO sets salaries and terms for other staff. Salary bands for job families are benchmarked to other landowning nature charities, within the same region where possible. These are reviewed annually.

Public Benefit

the Trustees have reviewed the Charity Commission's guidance on the requirement to report on public benefit. They are satisfied that the work of ANT, as described above, accords with its stated objects and provides tangible public benefit to an appropriate section of those who reside within ANT's area of benefit.

The charity maintains service delivery contracts with individuals, funders and partner organisations. Other collaboration with partner organisations are informal, except for a formal collaboration agreement with Forest of Avon Trust governing the joint ownership of Great Avon Wood. On 16th May 2024 ANT registered a wholly owned trading subsidiary, Avon Needs Trees Trading Ltd. The founding directors were ANT trustees Mark Funnell and Theodore Blanchard, and ANT CEO Dave Wood. As at the end of the year 2023/24 the company had not yet traded or entered into any contracts.

Future plans

Trustees are discussing priorities for trustee recruitment.

Since the end of 2023/24 ANT has adopted a formal, comprehensive scheme of delegation to complement the schedule of authority.

Staff numbers have increased from 16 to 26, including a business development and finance team.

Pay progression within salary bands is based on performance against annual objectives and ANT’s behaviour framework.

Risk management has been separated into strategic risks and operational risks, enabling trustees to be most

focused on strategic risk.

Avon Needs Trees Trading Ltd is not trading as of March 2025, but is expected to commence trading in summer 2025. An additional member of ANT staff and two unconflicted people have been appointed as directors.

Avon Needs Trees

Our impact - 2024

Our staff demographics

Avon Needs Trees is committed to the monitoring of the diversity and gender pay gaps of our workforce to understand its changing nature and progress toward greater diversity and equity. ANT is not obliged to publish this data but we are committed to understanding our diversity and paygaps and publishing reasonable amounts information.

Because only sixteen staff were employed at this time ANT has decided not to publish the full results, except for age, to avoid individuals being identifiable.

All staff employed with ANT up to 30th June 2024 completed an anonymous survey monitoring diversity and gender pay gaps. Based on HR records 75% of staff were part-time.

Based on variation from average (mean) FTE salary is reported below. The highest paid demographic is reported in each case, again to reduce any likelihood of individuals being identifiable:

To prevent any risk of individuals being identifiable, the largest groups for demographic are reported below:

Age of staff:

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0% 18-25 years old
0% 56+
26-30
12.5%
51-55
25%
31-35
25%
46-50
6.3%
41-45
25%
36-40
6.3%
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Future Plans:

Since the end of 2023/24 ANT has introduced a new pay policy, including salary bands, behaviours framework and performancebased pay increase and promotion processes.

Staff numbers have increased from 16 to 26 and weaker diversity demographics have improved.

Recruitment diversity is monitored, anonymously, and will be reviewed in the 2024/25 reporting period.

Avon Needs Trees

Our impact - 2024

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the group and the incoming resources and application of resources, including the net income or expenditure, of the charity and the group for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Godfrey Wilson Limited were appointed as auditors to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 29th April 2025 and signed on their behalf by

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and the group and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Mark Funnell, Chair
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In so far as the trustees are aware:

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Avon Needs Trees
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Our impact - 2024

Finance Review

Total funds carried forward in this period were £5,514,522 (2023: £1,275,198: increase of 332%). This was principally due to the acquisition of Wick Farm to create Lower Chew Forest.

The charity maintained a positive financial position throughout the year, with the year closing on an increased general funds position of £3,678 (2023: increase of £27,912)

The charity’s main source of unrestricted income continues to be from donations and unrestricted grants, which increased by 22% on the previous year (2022: increase of 92%). Unrestricted expenditure exceeded income in the year, but predominantly due to professional fees surrounding the planning and acquisition of the site known as Wick Farm.

Staff costs grew in the year by 82% (2023: increase of 176%), a representation of the rapid growth the charity has seen – starting the 22/23 year with three employees and ending the 23/24 year with 14 on payroll.

The charity’s reserves policy must consider the cashflow requirements of the organisations that are impacted by grants claimed in arrears. Major projects like Great Avon Woods require upfront expenditure based on quarterly or annual reclaims from funders, cashflow projections indicate a number of quarters where the capital sums expended but awaiting reclaim will exceed £200,000. In addition to this the charity considered it sensible to hold an additional reserve to cover unforeseen costs or in the event of other changes in circumstance. Based on the factors considered the charity’s current reserves policy is to hold £218,000 of general funds.

The charity had total funds of £5,514,522 at year end (2023: £1,275,198) which is comprised of £5,002,273 restricted funds (2023: £837,419), £216,346 designated funds (2023: £145,554) and £295,903 general funds (2023: £292,225). All designated funds relate to fixed asset values held and so do not relate to future expenditure, but do represent funds that could only be realised by disposing of those fixed assets.

The charity’s growth in activities is predominantly funded via restricted grants. While total grants each year are often heavily skewed towards those received for land acquisition, underlying this there has been a consistent growth in grants for activities. The 2024 year-end saw activity-based grant income of £508,431 (2023: £202,970) representing an increase of 150% (2023: increase of 152%).

The largest financial impact on the year related to the acquisition of Wick Farm which was funded through a combination of grant and debt funding.. Development plans for the site were drawn up prior to purchase and a period of development is underway.

Current reserves exceed the stated policy amount, this is due to the charity building funds for the development of what will be Lower Chew Forest on the site of Wick Farm.

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.

Avon Needs Trees

Our impact - 2024

32

Fundraising

ANT’s fundraising approach was a combination of grant applications and receipt of donations from individuals, companies and trusts.

All fundraising took place either through a formalised process, for example grant applications, or by promoting through email or websites any opportunities to give online, or by responding to direct requests from potential corporate or individual givers. ANT did not undertake any fundraising that would require persistent contact, unreasonable intrusion on personal privacy, or undue pressure on a person to give money or other property.

ANT undertakes a rigorous process of vetting any company that may want to enter into an informal partnership with the charity involving a donation. This process particularly focusses on greenwashing – being the attempt by a company to improve its image by marketing rather than by greening their operations. ANT only accepts donations from vetted companies that the charity is happy to be publicly linked to. ANT regularly rejects potential partnerships in this way. Prior to accepting donations the charity also completes checks on individuals who would like to donate £10,000 or more, including cumulatively, for due diligence. The charity is also mindful of the background of any source of trust funding before making funding applications.

All fundraising activity was undertaken by in-house ANT personnel. The standards of fundraising followed were those outlined by the Charity Commission. In the future if the charity planned to engage in more proactive ways – for example through public collections, lotteries, events or by direct verbal communication – then ANT would voluntarily register with an appropriate scheme.

There were no complaints received by the charity about fundraising activity and no known failure to comply with fundraising regulations

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Avon Needs Trees
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Our impact - 2024

Funding and Donations

ANT is very grateful to the grant-makers, members of the public and companies who helped make our work possible in the reporting year. Along with our generous CrowdFunder givers, Genetts Charitable Trust and the Vernet Trump Charitable Trust , this includes:

Avon Needs Trees

Our impact - 2024

Independent auditors' report to the members of Avon Needs Trees

Opinion

We have audited the financial statements of Avon Needs Trees (the 'charity') for the year ended 30 June 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows, and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Independent auditors' report to the members of

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 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 with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

(7) We assessed the risk of fraud through management override of controls and carried out procedures to address this risk. Our procedures included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(2) We reviewed the charity’s policies and procedures in relation to:

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Date: 29th April 2025

Godfrey Wilson Limited

Godfrey Wilson Limited

Chartered accountants and statutory auditors

5th Floor Mariner House

(3) We inspected the minutes of trustee meetings.

62 Prince Street

Bristol

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

BS1 4QD

Godfrey Wilson Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Audited Accounts

Statement of Financial Activities for the year ended 30 June 2024

Balance Sheet at 30 June 2024

Avon Needs Trees

Our impact - 2024

Statement of Cash flows for the year ended

30 June 2024

Notes to the Accounts

Avon Needs Trees

Our impact - 2024

38 Income rcx)gnrti(n of inoyne Allctyaicffl of WFWt uDveM￿(o￿S Income is indudgj in of fina)cia Alivitias{&FAlwh&) the dHity b￿)trS￿1tjéd to. wrtuaiy certan to r￿Ve. the1n(L41￿￿KL t￿mInI the ino)me with ￿ffi0￿1 rdiility. 0)as¥ethC￿fW￿￿Kfftsthat th8wcfk ofth8 th¥ity but do not dir•lly und8rt8 th￿1t￿e￿i￿lies &)￿n￿￿￿)￿S￿eIhe wrth the g)v￿n￿￿￿r￿￿rpnls0fthe ctoity. 1nd￿'r￿jtheIl)&S0fr￿1[A￿1rOwlth Irmattuticma aautorywuIr￿ents￿￿j ￿Y o)as wth the of thè d￿tIS￿lI}ntIeS The costShavetr￿ert ai(x betw￿ o) of rasngtundS￿ ewditurecn chwf(4e aliMt1e5ba￿d on dir&1 alribution d. avj oth￿"aY3XdIfYjtoIh8 pwcart￿oI th"r&alyatribui&J (oasto ea ivity asfoll(ws ctsmewilh r￿at￿ inmhasrdat￿l ewdilLYethe is e>wJiture ryrtaj gO￿1n the CbnationsaKI lepi volunt￿ iTh)Jne tywayof dcrtlc¥￿aXfj 9ftsislThd￿kn1 in t the &FAWTr￿ cdy when the Clwity hasurK0ndit￿￿ entillwnenl to income. T& r￿JamS0n Incomefrom ta< r&lansisindLbY&J in the the onetimèasthe donations￿d gfts gftliknatic¥) lo whith it rdaes D)nataJ lh￿￿eOnlY indudaj in Inc￿ Ivthh an 8]ui￿a￿ arc￿nI in ewth'turel fa2liti8s wherethe tsa￿•t tothe fvity isr￿4Y wtifialq Ma￿r￿4e a)J materia. Voluntew hdp Ihe wdue of a)ywluntew hdp rax%eJ is￿ I￿aud￿ in the ￿0￿Int& knve&mart irmTh Ihisisindud&J in a))Juntswhen receiv￿e. FègTrJfLnts IIAealiMties Mantan exalNJwctsJl￿d rEwwrtsJl￿d L&¥J ￿￿9110n re+¥w￿)￿l￿d cp/ 5Y¢ 4￿/0 45% 4% 18% 0% .￿y&relY￿1rltIJtde ￿pF￿t to Fèsrg fun( Taxati Thethwltyise￿ fr(xn ta%on rtsthwi14e ￿l￿tle& &wditure Fcog1￿11￿ of e4)&Yliture p￿dIt￿re isr9x￿7•j 1ndL￿a￿VATWh7th not 1xf￿lYr￿￿I. ayj aspat of Ihee¥mlitureto it rda E¥perK5ture jh￿l¥￿nr￿lthe with atIr&tirvJvolwrt￿ irKxYne. fwKtrasr rasr4JluTrJs traJirgO)aS￿ in￿￿￿￿nt perKliture¢x) Ihat(¥ntxithe ￿￿$1n￿[￿￿j bythe￿￿.tYin the deliwyof itst1￿tIes￿d itle&li￿tI￿￿ in the furth￿￿ ol itscty&l4 t￿M￿l.￿jcrf gaitsa) T￿tlefIXe3 deprgiaw)n Lwenaic￿ a Ihefc41￿￿iTrJrn￿ rat& in orthrtOWTile off itse&imat u￿ul Irf Fred￿d [Y2%l￿￿a iS￿d Jxl ry)t IkprWiat￿, E￿ildIng5￿K4 a￿Jated mthimy xture4 fittir￿s& uiw dq￿￿&1on isthwpj on surth thdopTtht. The Lthwrty ha5aJcV8J aFdicyof c4italli￿ of ￿￿S￿￿lIe ￿lId￿j￿e under devdOp￿t. The thJitlsc4ilaiaion thrth￿d i5£2DJ r￿t of VATfcff It￿￿nsdered to promde 8￿r￿liCI￿errt wnwMIF4e￿S 25%FbJuLiTrJ ba Q￿spa5&1e Al ewditure isa))JJnl8J fcrf C￿ ￿ alua Fad tagsF4uS￿ a)Jua f St￿ h￿b￿4￿0￿￿tryIh8ll￿4￿a the￿￿ crfthe￿1xJt tY)t pad. G)Yun￿￿ ¢))s lh￿ lThyudeth￿Q￿$a￿?at￿1wlh wingthe ¢)tsrtuticffla aut r6]uire￿￿tSOf the Ch¥ity, irbjuding wad1t1iTre￿t e¥rrin&ion fe slink8J toth&araegcm&kWl¥rt ofthe Owity. IcWIRrwth a)¥eof Oth￿ a￿￿￿ni￿ration co& Cthw e￿￿lture a￿S alcKAgJ to a kH1iaA¥all￿ty. a0(Klyh￿rInaKj￿ ￿Sa￿lfi￿a li"litiesof a ￿"nd t￿ quaifyaslw'cfimiaa Ir￿rl￿￿nt￿ inaruments&e initiaiyrwiJ a tr￿S￿l0n vaue sJbwL￿ntIY a th&r ttlm)t wrth thèeXc£ptlL￿ of b￿k I￿$W￿l￿ e ￿￿tlY r￿1￿1 a arutiJ u9ngthe eff&Xiwè intete& mahcx3. TraJeaKI d)lors Trajeavj Oth￿ ¢y&t￿s￿e a the￿I&M￿rt anrjjnt dueater ￿tr￿je di9)JJnt offer&J. FtwWs¥erJwJ # I￿arount n c￿￿tra￿e diwurrtsdu8. Our impact- 2024 Avon Needs Trees

39 cath ￿U1ValentS Cath and 8]uwaentSc￿￿i￿ C￿ a ba￿￿d on h￿. drnd dwtswth vjrt-term hithly liquid inve&mentswrth origna Mauriti￿Of threerr1￿1￿or les￿d b￿k0Verdraft& In the atement of [in￿0a owdrts¥e within tmxr￿￿i￿oraX￿ liaM"IIti In the of ￿ Hows (a ￿￿1￿￿entS￿e4x?￿n rt of t￿koN￿drats1ha ryy&l@on dem￿ ￿ fC￿M ￿ int8Ja dth8th¥itlsca nna￿￿t. 2 98tn&rt of fin￿aa Pdiwities- pncrf Lknrerid& fund5 2tr23 F￿r1ded fU￿lS Tota funds 20Y3 InCCffl￿￿d eTrJcA¥mentsfrom: Tre•de ￿ Oth￿ (T8Jitcfs term CTJitors￿8 m8a9Jr•J at th￿tra￿alon pri￿. CXh8r CffitusaThJ woMsicrts¥e where IF￿￿altY ha5aprewrt Obli￿1￿ le￿￿1r0 from ap tha will woby rewlt in I offund5to athird pwlY￿ thernint due lo tllethe ot41￿10n ￿ te or 8ima￿ rdiayy. Q￿rtors3nd FXOMgr￿S•e ￿m￿lY at their ttt•nent ater alloNiThJfor traje dixountsdue. 28,067 677,970 .393 677.970 Ckntealiwtie5 In¥eaM￿S T￿￿ 59,153 7C6,037 765.19) litureon.. Fè"sTrJfLTra5 (]Hita4èaliMties 297 FÈngon cx)sts The tharityowaesa 0jntr1but￿ fcf itsow Adefin8J ￿￿rtn￿￿tIOn pltn isa penson Pl￿ under whith the th¥ity paysfix8J Contribjti(￿S into a wewrtily. t CtY)trlVxrtionsh￿ ￿ pad the chityhasrKJ furthw paww)isctAiudion& Ihe ts)ntrilxrtic￿s•e reaywid a%exP￿￿Wh￿ theyfai due. An)jurrtst￿l pad ae in a2xdsin thè a￿81. The &￿SOf the are hdd wJatdy from the thJity in Indep￿tty aJmInia￿eJ fund& 2K2,852 262,852 3(fi.057 3C6.354 irL>)￿ 15,651 443,185 4S8.836 113,FA9 13,669 1Th￿me tefweot n¥llowl (Aher￿ans￿ lo )v￿1 in fur 453,854 ￿.836 P￿APt of thJnat8d food& fa2lit1es￿d wvi Al d¢Thi8J 9))d& fa21il1e5￿ Je rawl￿￿ within irDJrirvJ re￿￿￿¥￿ ewditure a an egimateof the rduetothe ￿ty. 4S8,854 4S8.836 ALu)untiroe1maes￿d keyiu(JgEThrrts In the i(aion oflhe thari(l5WXQUntirrJwJiae4 thet￿￿￿￿e r￿￿1r￿ lo me1￿4 e&Imes￿d awmptionsxrt thec￿￿ng ￿aueS0f 1ikn1rtiest￿ we rally from other I￿eStiM￿eSa￿ Un￿lying &gJmptions¥È hi￿1 ewer￿e￿ othw falorsthat weCo￿der8d to te r￿￿. regjtsmy drffer frcffl t e#imat FbXJrhiliatic￿ of fLmds Tota furXtstX￿ty fw Tcrta furndscarigj ftxw¥d 415,797 W,565 816.362 437.779 837,419 1.275.198 3 Intt¥nefrcth d￿atic￿s￿d Iwes Lknreariotè Fè&ricè Total TrÈimaes¥trJ U1￿￿y1r￿Ja•JMpt1C￿se r&ieNed ¢)n ￿￿Tr)ba9￿ Fkns¢)rtsto a)￿ntir￿J eaimaes¥e rewiil in the wic1 in whith the eimate Isrew￿l if thè remson al￿s(￿ly1 I(￿, ￿ in the pwic¥J ofthe rarigon ￿ future witstsif the I￿90n af￿lsl￿)th oJ[r￿tt future peri(￿& The kw 9x1r￿Of eiMal￿ unrmanlylha h&e ag￿lf1(art IheaThxthtts rwil in t1fin￿0a st8teffntsisd4Y¥iaion Ssd￿1￿ urKJ&the Atsth*. 2￿24 IndI￿dUa donations le￿,823 220,358 15,404 15,4( 105,433 1&).87a ithrestrid•J Tota Individua 19,S29 21.548 17,148 58.325 19,474 41,022 17,148 &3,393 L￿estri￿a￿ garts Our impact- 2024 Avon Needs Trees

40 4 Incune from tharitle alivities 8 EyP￿lture(￿ th￿rta￿e i￿111e9 Lknre&rideJ Fknlridg Tota Tota Lknre&rideJ Fèaridaj Tot 24 Manlan existirYdwcoJlaKI Elith MVWOCJld 28.129 •123 443,114 443,114 1,￿ 4.043,￿) 4.045, 37,188 37,1 4.552.311 4,5S3,811 15,787 187.183 475,C d ￿U1stiOn Ibrrwem￿t￿Y prOJ￿t5 Mantan e>?stitYJw(xJYl¥KI Faii#) 315 d,2S8 677,970 13x1 4uigtion 5,872 35,974 37.322 Thetotasfor Iheryior WiCJ13Y231 ai rdaeto reri¢xaY inco￿. 7,873 Faat ihreride 351.¢W2 358,9 FÈataY Fèat rid&1 Total 2023 5 Inc£¢me fr¢ym inve#menl$ Unr8slridgJ Total Tota 2024 &wKture(¥)dwilaSe liities k interest 17eA) 2.7fAJ 278) 27￿) Mantan ￿￿1[￿al￿1aVj 37.625 19J,842 10, 239,0 Thetotasfor Ihewior period13)231 al rdaeto Lmreriot8J irKCffle. 1￿,842 10,589 237.7TJ 4uigtion 6 Gjvernment The th¥ily r￿￿9Wnm￿I defi￿j a5fUTrJirVfr￿ the W. ￿lTe 0￿1￿11, Wttthire C￿ntY c￿n01. axl Ihe Wea of cli￿"￿1￿rt￿￿"ly, tofuNI ttwitleaJiMtie& Thetota vaue of 9Jth ￿￿tS in the wicxj erKliro&)￿￿ 2￿24wa$£4,￿,O29 (2023.. £6Ckl,8581. ro LnfulfIll￿ 0)Yliti0￿￿ o)rrtiwcie54t¥hir#Jlo thw gsin the rrent or prior ￿. 1,333 Lhr8rid•J Fèstrid Tota 2024 SppJt 0￿$ FiiliatyaKI ￿￿tiC 7 ￿ndIture on raisngfunds 3.435 1916 Unreslritl8J Tota ￿at￿j 3)24 T￿￿ zrYJ 3,415 4,034 118 Clhw int&e& Pwle gwating ￿lL￿t .771 Incl￿ Individua donations traA ¢x&s 1518 18.173 3,391 ,039 F¥anistx&s 4norti￿1on, d￿￿￿1(￿, imF44rment, wrfitlloson di•￿ offtxal s ¢kn &lrTNniraisea)&s 8,8)1 8,601 Thetotasfor I￿Vior kwic¥l13r231 al rdaeto ￿le*r1(tel1 QWKlitur 9,124 78,317 5.525 14,649 78,317 ey￿rIn￿Sfe itorfsf 1e6,277 54,388 220,e65 Our impact- 2024 Avon Needs Trees

41 Fèaed Lknr8&rid& FstateJ ridgj T￿￿ 2￿ 11 irLDmE tforet￿￿￿5 3)24 7IN"sisa￿ aRwdwg"rYJ ]alc￿ of fixed as 8.￿1 16,2￿) FI￿￿l01Y￿d PrOn￿tIon Jilorg ranunw&icfft led. VATI FAaninetrs fee lexd. VAT) Qhw fee5Fod lo the￿￿1t￿ cf 57 1.979 Qher intw p4e 37,Ck14 Mot(Y ax1 Ir8A (oas Ffgniso)as rti￿lOn, depr&iatIC￿, imFarment, wofitllwc ¢JIW￿ of fix￿1 ￿lMInIstra1ve Losts 3.248 12 Tnjaee ranuntraticffj ews OY r￿feC￿the1￿I￿ee5h&È￿ pad r￿￿r￿r&Icfi in theoJTr￿ OT wior wic#J& 2.186 Q185 (4,942) 14,9121 Tru# 24 11549 16,841 2.loj professond 0￿S nanoo)s 1,1CM] Al ay￿nt$werekX￿ in rew of owicx) offorest thK)I ￿OnS81 one ofthe stesthwn￿j bythe ttw'ly. F&ixJwati￿ to'd in aThdaKewth ttM)n 185 of IhefviliesAtl as ￿￿1￿j byt1 dwit￿s￿l7￿￿UIi￿l. C￿ nTrJecrf t￿t￿L#ees￿t￿ pad e>F￿sIn1￿￿1rent Cf pri￿ 41,872 25,129 67,C()1 10 &rnmy a)ayssof expern1iture ivily u pr(uanme Und￿t dif&XIy wrt Tota mt Numb Jmtw oftlu4￿5[od e%pms rmlxJrwJ Al in rewl of tr￿d or re1mkxjr￿ of cn bthaf ofthe th¥ity. Manlan exlThJW￿ll￿KI Ealith Mv wcKlla 11,267 1CD.616 365,212 128.7 872 d ￿QuISt10n Fyojaas 37,322 358,935 Lo.eJ5 579. Fèaed iwties unduten dir8lly F￿at ivily (Y prwanme [*at￿l Ct&s 2073 Mantan eyig1￿JWcthl￿d nEwwcOJl￿d 37.￿25 19J,842 10.S89 T39.C&8 11.899 53.897 244,7 11.7 3C6.057 d a4uistion 67.￿1 Our impact- 2024 Avon Needs Trees

42 13 Saff co#$ 15 Invastmerrts In¥￿&m&￿ le$￿W 153,229 4.031 3,1XJ 21,144 5.131 2,425 Tot Fw9'0n Cba or revaualic diti(K A JJ ￿r3)24 emplosee r&ewl ￿Um￿rt$1n eY￿Of £&).(M)J in tFwrr&rt ￿. Tota ampbyl￿ef[lsr￿Is￿1 by p￿￿n￿ .4T2 ￿￿r￿21T24 The nKttNynunts offull tinw9]Li￿a￿tt wrwowdurir9they￿￿a4f￿l¢￿5 2024 NLTht Invement in &bsdi¥ies 1he0)mp￿ ha5thefc41oMTrJWtadiJymJertth Ip aa)d re￿e$# Ftofitl (loss dofthe I for th& r￿e￿t rdevant minisirion IlJnwvion EduL￿n a￿Of ares hdd 9hweshdd of ￿M￿Y The Ckn¥rtyopwaesaddin￿j ujntribution wfjon ￿￿￿. N&TrsTraJi 14 Twgt4efixed itd CIdin￿Y 1( Layl and xl buildir m&inery xture4 frttiTh>& NÈ8tsTrsTriNJ Ltd wasIrwa￿I on 11th ￿ne 3)24. It ha5b￿ eXd￿ from Cr￿Id￿l￿ a5it thisde thethwilW5y¢w ￿. Total 16 t￿orS Cb or revauation 1 ￿lY2￿23 dilicns At XI￿ne2024 CwÈxiation impairment 3)24 972,070 7.073.270 8.C45,340 972,070 4.407 7.152.8&3 4,407 &124.733 74.986 74.986 Cllw debt￿5 14.￿) 191,259 7,2 207.2 17 ￿￿1t< Jwrtsfaiiroduewthin c￿Y th¥Gelor the 7.499 1.102 A ￿￿rE2024 7.499 1.102 8.fA11 book TraYecY8Jrtus ATr)untS(Jv&lto C1￿18xesa￿d ￿(Ja ￿lritY ￿editOrS 3.247 )JJre 2024 )￿n&2023 8,045,340 972,070 3.X6 8.116,132 97Z070 6,174 d aKI tyJildinLEIndL￿S£4,B7o,￿I2orJ". £826,516) of wr￿)￿ wrth r￿nd￿j I￿¥jinga¥j whith re&fidI￿￿aIt tern￿&111 y. 15.910 71.871 2,542 12,928 Our impact- 2024 Avon Needs Trees

43 18 Cledit￿S tsf7JliTrJthaft¥ ftlwet￿ ¢)re 19 infuNIs In￿4￿1[￿j resjjr lindLKlir#J I1￿lY other 2Q23 pn￿10￿) o At ￿ne 2024 k I￿$￿￿1 ts￿draft$ &224,424 3,224.424 exp￿￿￿j abilities reptya)lein MOreth￿ aft￿ theb￿￿￿ theet date knunt repwe by instaments fuThJ& 3,224.424 3,224,424 l￿furnA% d purth 8￿.516 4.193, 123.4821 {125,9031 4.870,396 CknrirvJthe yeJthe th￿tY aJeed a loan ￿lIltywIth Tricthsknk ofupto£3.8YJ,CO) fcf the FUP ofthe wui9ticn of Wdt F¥m. TricKts ￿￿k ￿)Id$a lega C￿￿ Wdt F¥m alk)#1￿ ovw al Und￿t￿n￿Of t￿th￿tY in rewtt ofthe lo•. The loa) Iwm 1$ 155￿￿1th a) Int¥￿ rae of 2.75%¥M ba The dw.tYtc￿adr￿VdClWn failityof £3.3C¢).OCQ dL￿r￿j the yew, Lxrt £1&1,CQO ofthelcw ￿a5￿g￿d toaLwk Int￿￿￿t15ri￿rEto be W ¥sa loan rewvefund. The rèmandu of thèfxilitywasrewvwl to intiia int¥est 3ynst the loan for Ihefira two yews (>pila repaYTr￿1S￿e ¢knlo frun sxlh of lo￿ a stra￿t lim ba9& ￿dItI(￿ rep￿Th￿s￿lI tedue durirothe temi of the lo￿ b&￿1 the net 5aesproceeYsof ￿0c1¥erStY W (n units9￿d in relaicfi to Wl¢ FJM. The IC￿ baaKe I fees￿1th inter&< a)Ju& a ￿ eff8ll￿￿nua ratecl 8.3% infrarudure FiNliro KbcKts. ¢walC￿ irrfrruciLre Av)n Wct¥ts. opvaiC￿ avj infr&nJdwe inlrrurture Ed Wocth. tree ￿￿￿•r￿J 1305 115,1S81 12,853 2.r37 7,401 631 I￿,346) 126,W21 174,7521 81,CE1 25.3g2 Owalc￿ ￿ infr&nJdLre 43,385 43,385 tota Int￿e& expm to the &aenMt d fin￿￿ iwtie5in the £37,ts1. Fbw Ftoje Itthire Ctxjnal WW- ￿th 28.267 3,¥21 128.26n I3,￿) {191 {5,CWI Tclal 837.419 4.713.140 1405.49JI 1142.8361 S.(n2273 Lknre5tridad funts 1169,4S81 63,443 235,￿3 fwds xaj fund 145,554 I8,￿1) 1178.CE￿I 79,393 216,346 Tcrta unrerirt￿ fuTrJs 437.TTg 142.836 512249 Tda fLK 1275.198 4.822.833 1583.X81 5.514,522 £83518ofachwdfuTrJ&J dOnatiC￿St￿￿￿dSthe pur0 o)g50f Imdo Fm di%h¥pJ lo futwJsfcllowrKJ £43,335 of dfund8J dJnaionsto'Lw thew Forea-waion infrrudurd. LaKI purth infrarudure A￿n WcKyJs. aKI infr￿n￿ll￿e inlrrutture £12853 ￿be81 t1￿￿erro￿ to IhefurKlto a ￿101. £74,752ofm ¢tsscaylaiJ as[1￿￿ beiThJ infrarLK*ure on Our impact- 2024 Avon Needs Trees

Avon NwJsTr9es e$lot￿￿nIS 6J ￿j$- tree platting £1.6LDh lo t￿1{￿1 to (wa￿01. F1￿ reg)ur r8rittionsin r￿atIC￿ tothefuThJ ri¢lJ funds L￿d purth lindudi At1￿lY ¢Xhw Fègjjr 2022 gen¥10￿} &055 At 30 Jjr )t fundirrfJ aKI (knnaionsto Ix dir&#ly inVe￿j in I￿XI. RnJ5 In)Ra￿ in fcr whith tFEfuThr retar￿￿ or#sro ri9ht to dav th8funds xJld t￿(￿tY brea la￿1 restritt1ons¥e￿led fc(wwd, IhisiTrJudesrnnts in theojrrent yw frcffl (WPCfc the purch￿ ofWic Fam. ￿erethe fu￿ or th&stu)t rdan d) riytt r￿at￿l rerictl￿S￿eConsdereA IJ) pwfth￿. 14rittgJ furbjs 1aritt￿ itKx)mefurnl% iwKI purd 351.516 475,IKM) 826,516 7￿￿d. waion aTr inlrrurture Rjddiro &cx)k Wc)Js. Iwaion and infraructure ea Av)n W¢￿d5. and infrrLKture To e#i mantan thew0)(l￿1J 4 PJJdiry &o)kW infrrucure Ed Woods- tree platting irrfr&rudure FiKkling &cx)k Wo(Mts. alon aNJ infranwJw8 ¢>ea Abt)n W¢xxts. on Infrr￿￿e infrrutture 1141 (28,8&51 To ahj mantan thew(tsJa>J a HtdaJ. 21211 {14.2441 To &4i) mantan thewc<%Ja￿ a ￿￿￿J1￿j &¢y)kWc￿w1s 153,717 s2.￿8 7Cfj,037 1163.Wl {￿,187) 1262.8521 10,45) 3,219 13,669 631 Ed Woolts. trFlwrting T￿al To awCtsjl￿ at the 9te kThM &Ed WcoJ& 837,419 opwaion and infrructure Environmgrt Wcy. Laxl pl￿$With crthw laxl Lwmersto ￿pp￿t &J#anelaK To e#ith mantan thew￿JaYl # Lw ￿. Lknrestrid&J funds al f￿d$ 2e4.313 59.153 {43.ST21 12,261 225 f￿d& fiyA1 a fuThJ Wiltthire Ibjnal VVENP- ￿thi￿ with ure ￿0pM￿t (>￿t [k9￿￿ell funds fund ath & wdlt4ingworktys& 171.484 125,9Y)I 113,6691 145,554 437,779 T(al unre&riceJ luTrJ5 435,797 $9,153 (43.￿2) ¢)wis4iona de￿. T(a fwKIs 816,3 7&5,190 1.275,198 To r4v￿rrt vaueof unre￿nd￿j fundswj in fiyAI * Kutt) e￿￿lI￿1r¥J3nyl0rrfjlerm liiIilies￿jr?y fixgj The a¥Uigtiu) of W(k Fm I￿the￿M I￿£7.073,270 Isr￿ rqxeWl￿I in thisfund due to thiSa￿Jnt teing o)veral by restridej funds￿ k twm liJilitiesl>è Nbte 18). ) knarisof awtsts4ww fu Lknrerid8 funds Fricted funds Tota x8J aEt5 Invem￿tS 3.245.736 4.870,￿ 8.116.132 rrent s Q8J1tc￿sdU2in One￿ 131,87T 622,813 {3,224,4241 13.Z24,4241 512,249 5,Cl)2,273 5.514,522 Lknre*rid8J funds Fèaricted funds Tot 145.554 2.225 437,7T9 826.516 972,070 10, )3.128 837,419 1,275,198 Our impact- 2024 von Needs Trees

45 21 Féconaliaion of net d￿t Atl￿ty 3J24 ( and 1(B. 1CQ. 379.8)1 379,831 488,&31 488,631 k l¢)a)sfalirodue ater onè 3.187.13)1 13.187,1XII Interea due {37,￿¢) {37,2941 3224,4241 13224,4241 (2,844,593) {1735.7&41 22 Cbmmitments F￿gon cy)mrnilnrts The ￿￿on o) lo IheLDrrpJ arrK)LnlgJto". 3,120 Lhpad cJntributionsdue to th8fuThJ ae IndUd￿ in olhwugjitorsayj ￿￿nt￿￿ to: ZJ ￿atthI ptydi%lo￿reS ThwewwerK) r￿￿￿ WtytrJ￿1c115In theojrrent pwioj. O)ntrc41iro party The Owrtytso)ntrdlèJ bythe Truaeesasa Lt•*. Our impact- 2024 Avon Needs Trees

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