# The Fourth Reserve Foundaton (Registered CIO: 1186942) 2025 Trustee Annual Report Date: February 2026 Authors: Anna-Maria Cahalane Tommy Radclyfe-Thomas Ruth Bradshaw Wendy Bishop 1 ## Summary The major achievements in 2025 have been: - Winning four major grant awards (with one being payable in 2026) - Ongoing biodiversity and facilities improvements at the Nature Reserve - A highly successful sponsored event that meant we could buy much needed equipment for the ongoing management of the reserve ## Governance In 2024 a 5-year strategy document was approved confirming the charity’s top priorities as maintenance of the reserve and the rescuing and restoring of other local wild spaces especially Gorne Wood. A fundraising strategy and list of potential funders was also approved in 2024 which concluded that grants would continue to be the major source of funding for the charity. During 2024 many funding applications were submitted in line with the above-mentioned strategy. Decisions and follow up actions on these applications largely took place during 2025. At the end of 2024 the trustee board was made up of nine individuals. During 2025 two trustees left and two new trustees were appointed, one joining in October 2025 and the second confirmed in 2025 but not formally approved until February 2026. ## Trustees |Trustees||| |---|---|---| |Name|Tenure|Notes| |TommyRadclyfe-Thomas|May21 -|4-year extension approved Oct25| |Katherine Hughes|Feb22 -|4-year extension approved Feb26| |Laura Cardos|Jan23 -|| |Yael Biran|Jun23 -|| |Susie Rabin|Jun23 -|| |Louis Devenish|Jun23 – Oct25|Resignaton accepted Oct25| |MaryHardcastle|Mar25 – Feb26|Departure confrmed Feb26| |Ruth Bradshaw|Mar25 -|| |WendyBishop|Mar25 -|| |Flora Baker|Oct25 -|| |Daniel Saunders|Feb26 -|| ## New Network Rail lease A new 25-year lease, dependent upon the installation of safety fencing within the Reserve, was negotiated (with pro-bono legal support from Richard Buxton Solicitors) in 2024. Following several rounds of query and amendment, this lease was initially signed off in early 2025, however residual queries were picked up by the issuing solicitors, and an amended lease was issued in December 2025. This was signed off in January 2026. Further amendments to include additional areas of land — verbally confirmed by Network Rail representatives as eligible for inclusion — are still outstanding on this lease. This includes land to the north of the current reserve behind Crofton Gateway as far as the Dalrymple Road bridge and a trackside corridor of land extending from the reserve down to Courtrai Road. 2 ## Finances FRF ended 2025 with assets of £109,378 (of which £108,966 are ringfenced for Gorne Wood). During 2025 there was a total income of £39,480 and expenditure of £47,142. The shortfall of £7.6k was funded from Gorne Wood ringfenced funds plus £2k of unrestricted funding left over from 2024. The expenditure of Gorne Wood funds was approved by the trustee board as being appropriate given the need to pay for the ongoing campaign work. The Gorne Wood campaign was not actively raising funds during 2025. Funds were held in a separate savings account earning interest of £1,626 in 2025. In February 2026 the trustee board approved a strategy to set aside the remaining Gorne Wood funds of £109k and to allow credit interest earned during 2026 to increase this to at least £110k. Going forward we aim to maintain a minimum balance of £110k for the Gorne Wood funds estimating that this will be required to purchase the site and to cover potential legal costs. Any remaining funds after the hoped for purchase would be used towards the costs of site restoration. A detailed business plan for Gorne Wood is being worked on as a priority for 2026. It was further approved that Gorne Wood campaign costs incurred in 2026 will be funded from unrestricted funding. We anticipate fully utilising all unrestricted and grant related funds during 2026 and estimate we will have no reserves other than the Gorne Wood funds at end 2026. Another priority for 2026 is seeking more sustainable financing options with the aim of reducing the reliance upon project specific grants and building reserves sufficient to cover at least 3 months of core running costs of the charity and its activities. The current average monthly running costs are £4k per month. ## Income The primary income sources in 2025: - £26,009 – from grants/ awards. Made up of the following: - £10,000 – Year 1 of a 3-year grant from City Bridge Foundation to cover core costs, site access improvements and bio-diversity improvement - £10,000 – A grant from the John Laing foundation – to cover community engagement activities - £5,000 – a grant from the Access Foundation - £1,009 – a one-off grant from an individual to fund wildflower meadow areas - £11,544 – unrestricted donations from events, public donations, Lewisham Lottery, and corporate site hire charges. Included in this figure is the income from the membership scheme launched in December 2024 which raised £1,070 during 2025. - In line with the strategic aim of developing sustainable income streams, during 2025 two corporate sponsorships were developed. One with the St Dunstan’s Alumni Association and another with local estate agents Bryan & Keegan. The value of these sponsorships will be finalised in 2026. 3 ## Spending In 2025 the key areas of spending were: - £37,200 – on the managing agent for management of the Gorne Wood campaign, general nature reserve management, open day planning and event management and hosting/ leading community groups on site. This was funded by a combination of grants, unrestricted funds and Gorne Wood funds. - £4,307 – on tools which included the purchase of two large pieces of equipment funded by a sponsored fundraiser - £2,172 – on materials and plants - £415 – for a professional report to be produced on the Brockley Jack Whalebone - £401 – on new signage ## Below a breakdown of the income and expenditure in 2025: |Sub-Category
Sum of Amount|Sub-Category
Sum of Amount|Sub-Category
Sum of Amount| |---|---|---| |Grant award
|26,009.21
£|Mgmnt Agent Fees
37,200.00
-£| |Just Giving Donatons
|3,654.12
£

|Tools
4,307.60
-£| |Open Days|2,275.76
£|Materials /Plants
2,172.69
-£| |Local Giving Donatons|1,627.94
£|| |||Subscriptons
500.80
-£| |Deposit interest|1,626.20
£|| |||Professional fees
415.00
-£| |Site hire|1,325.00
£|| |Memberships via Wix|799.84
£|Merchandise
347.40
-£| |Local Giving Gifaid|607.81
£|Rubbish clearance
316.02
-£| |Give as you live donaton|390.00
£|Signage
401.02
-£| |Lewisham Lotery
|285.00
£|Campaign Costs
7.00
-£| |Memberships|270.52
£|Local Giving Fee
180.00
-£| |Local Giving Fee|180.00
£|| |||Memberships
10.00
-£| |Donatons|138.20
£|| |||Open Days
640.12
-£| |Direct donaton|120.00
£|| |||Site hire
525.00
-£
| |Writng workshop|120.00
£|| |Benevity donaton|50.00
£|Writng workshop
120.00
-£| |Year end Balance
39,479.60
£||Year end Balance
47,142.65
-£| 4 2025 achievements In addition to the highlights shown on the last page: - Biodiversity improvements: orchard restoration; new meadows; improved steps and paths; hedge laying and a new tree nursery/greenhouse. - Gorne Wood Campaign – Multiple meetings held with council to progress CPO process. Lewisham Local Plan was adopted, giving the site Metropolitan Open Land designation and protection. - Four well attended community open days with over 2000 visitors - Highly successful sessions at the Reserve for local primary schools and Drumbeat (a local charity and special needs school). We hope to build on the success of these and extend this offer to more schools/children and community groups however this is often dependent on securing funding. - The Brockley Jack whalebone was secured. A professional conservation report was sponsored. And we hosted a visit and inspection from Natural History Museum experts leading to an ongoing working partnership. - A Tree Preservation Order was obtained to protect trees that sit within garden extensions and the Buckthorne Cutting Nature Reserve. - Regular pattern of twice weekly volunteer sessions established. With high levels of attendance, the extra volunteer hours have allowed for significant progress in many areas of the reserve. - We estimate 100 volunteer sessions during 2025 with an average of 5 attendees; some sessions have had as many as 15 volunteers. This represents over 1000 work hours spent on habitat creation and maintenance. - Our volunteer sessions became part of the social prescribing pathway ## Plans for 2026 - Biodiversity projects and facility improvements at the Reserve – including extending hedges, wildflower meadow areas and new ponds. - Continue the Gorne Wood campaign pushing for a CPO and developing plans. - A comms and social media push to further highlight the Gorne Wood campaign and the ongoing need for funding to maintain the existing Reserve. - Continue to seek grant funding, especially to cover core costs - Develop more sustainable unrestricted funding streams to cover core costs and build reserves - Host four open days and continue our community engagement activities including finding a partner group to use/maintain our foraging garden area. - Commitment to increasing volunteer numbers to include people recovering from illness or via collaboration with local well-being groups - Build on the success of the school sessions to ensure more children and groups can benefit from access to the Reserve - Progress the Brockley Jack Whalebone project – includes possible new local history display. - Rebuild the Eddystone Road public sitting out area following completion of building works of new flats at the old British Legion site. - Plan Great North Wood-themed arts project(s) to link to other local woodland, and extend community engagement 2025 highlights 5 2025 JuM2025 R•l•as4 of 4 r4suJ•d si￿[￿9 h•dyhags. P••nu¢ thbJlLCha*nut nd Gi99l•s prfrvJ Op•nlng forowr4WTrAgko I with pooty &tslk¥bDUt hiJttyK Slow%Yorm Si9htlng- l of 7 rocord•d , Access Foundation Grant
Alun White Grant
City Bridge Foundation Grant
CPRE Hedgerows
Direct donations
Donations via Local Giving
Giftaid on Donations via Local Giving
Gorne Wood Campaign funds ‐ deposit interest
John Laing Foundation Grant
Just Giving Donations
Lewisham Local Lottery
Mayors Greening Phase 1 (Orchard restoration)
Memberhsip scheme
Merchandise sales
Tesco Bags
**Grants and Donations**
Open day receipts
**Income from Fundraising Activities**
Site Hire
Just Giving Fee
Writing Workshop ‐ onward payment
**Other income**
**TOTAL RECEIPTS**
**PAYMENTS**
Tools
Gardener (Funded by CPRE Hedgegrows)
Lead Gardener (Funded by Mayors Greening)
Material & Plants
Merchandise
Open day supplies
Rubbish Clearance
Septimus ‐ Hedgeing (Funded by Mayprs Greening)
Signage
Site hire
**Project & Maintenance Payments**||**2025**
**Restricted**
5,000
1,009
10,000
1,626
10,000
**27,635**
**0**
**0**|**2025**
**Restricted**
5,000
1,009
10,000
1,626
10,000
**27,635**
**0**
**0**|**2025**
**Restricted**
5,000
1,009
10,000
1,626
10,000
**27,635**
**0**
**0**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||| ||||**27,635**||**11,844**|**39,480**||**22,529**| |||||522
1,215
97
210
**2,045**|3785.61
957
347
543
316
191
**6,140**||4,308
2,173
347
640
316
401
**8,185**|346
450
800
4,830
117
544
460
4,275
820
833
**13,475**| Page 1 of 2 |Postage on application grants
**Fundraising Payments**
Management Agent Fees
Professional Fees
Business Plans (Gorne Wood campaign)
Campaign costs (Gorne Wood)
Local giving fee
Events ‐ onward payments from site hire
Subscriptions
**Administration Payments**
**TOTAL PAYMENTS**
Net Receipts/(Payments) for the Year
Add Cash Balance at 1st January
**CASH BALANCE at the END of the YEAR**
Gorne Wood Campaign
Alun White Grant
My Space Award
Tesco Bags for Life
Unrestricted Charity Funds
**RESERVE FUNDS at the END of the YEAR**||**0**
31,595
**31,595**|7
**7**
5,605
415
180
645
511
**7,356**|7
0
**7**
**0**
37,200
9,300
415
4,800
800
180
180
645
511
473
**38,951**
**15,553**| |---|---|---|---|---| |||**33,640**
**13,503**||**47,143**
**29,028**| ||‐6,004
‐1,659
‐7,663
‐6,499
115,389
1,652
117,041
123,540|||| ||**109,385**
**‐7**
**109,378**
**117,041**|||| ||108,966
108,966
115,072
411
411
167
150
0
0
1,652|||| ||**109,378**
**0**
**109,378**
**117,041**|||| ## **NOTES:** The above cash balances represent the entirety of the Trust's assets and there were no liabilities at year‐end. - Signed: Tommy Radclyffe-Thomas (Mar 2, 2026 14:02:36 GMT) Tommy Radclyffe Thomas Tommy Radclyffe‐Thomas ‐ Treasurer/Chair of Trustee Board Date: 02/03/2026 I have examined the above financial statements and certify that they agree with the Trust's records and documents as shown to me. Signed: Ali Dezyanian (Mar 2, 2026 13:48:22 GMT) Ali Dezyanian Date: 02/03/2026 Ali Dezyanian FCCA (Chartered Certified Accountant) ‐ Independent Examiner Page 2 of 2 ## **FOURTH RESERVE FOUNDATION (Charity number: 1186942)** ## **23 Abbotswell Road, London SE4 1ED** ## https://www.the4threserve.com/ |**RECEIPTS**
Access Foundation Grant
Alun White Grant
City Bridge Foundation Grant
CPRE Hedgerows
Direct donations
Donations via Local Giving
Giftaid on Donations via Local Giving
Gorne Wood Campaign funds ‐ deposit interest
John Laing Foundation Grant
Just Giving Donations
Lewisham Local Lottery
Mayors Greening Phase 1 (Orchard restoration)
Memberhsip scheme
Merchandise sales
Tesco Bags
**Grants and Donations**
Open day receipts
**Income from Fundraising Activities**
Site Hire
Just Giving Fee
Writing Workshop ‐ onward payment
**Other income**
**TOTAL RECEIPTS**
**PAYMENTS**
Tools
Gardener (Funded by CPRE Hedgegrows)
Lead Gardener (Funded by Mayors Greening)
Material & Plants
Merchandise
Open day supplies
Rubbish Clearance
Septimus ‐ Hedgeing (Funded by Mayprs Greening)
Signage
Site hire
**Project & Maintenance Payments**||**2025**
**Restricted**
5,000
1,009
10,000
1,626
10,000
**27,635**
**0**
**0**|**2025**
**Restricted**
5,000
1,009
10,000
1,626
10,000
**27,635**
**0**
**0**|**2025**
**Restricted**
5,000
1,009
10,000
1,626
10,000
**27,635**
**0**
**0**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**|**2025**
**2025**
**2024**
**Unrestricted**
**Total**
**Total**
5,000
1,009
10,000
998
698
698
1,435
1,628
1,628
2,848
608
608
453
1,626
1,890
10,000
3,654
3,654
285
285
298
7,187
1,070
1,070
58
397
1,000
**7,943**
**35,579**
**16,564**
2,276
2,276
1,282
**2,276**
**2,276**
**1,282**
1,325
1,325
4,683
180
180
120
120
**1,625**
**1,625**
**4,683**| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||| ||||**27,635**||**11,844**|**39,480**||**22,529**| |||||522
1,215
97
210
**2,045**|3785.61
957
347
543
316
191
**6,140**||4,308
2,173
347
640
316
401
**8,185**|346
450
800
4,830
117
544
460
4,275
820
833
**13,475**| Page 1 of 2 |Postage on application grants
**Fundraising Payments**
Management Agent Fees
Professional Fees
Business Plans (Gorne Wood campaign)
Campaign costs (Gorne Wood)
Local giving fee
Events ‐ onward payments from site hire
Subscriptions
**Administration Payments**
**TOTAL PAYMENTS**
Net Receipts/(Payments) for the Year
Add Cash Balance at 1st January
**CASH BALANCE at the END of the YEAR**
Gorne Wood Campaign
Alun White Grant
My Space Award
Tesco Bags for Life
Unrestricted Charity Funds
**RESERVE FUNDS at the END of the YEAR**||**0**
31,595
**31,595**|7
**7**
5,605
415
180
645
511
**7,356**|7
0
**7**
**0**
37,200
9,300
415
4,800
800
180
180
645
511
473
**38,951**
**15,553**| |---|---|---|---|---| |||**33,640**
**13,503**||**47,143**
**29,028**| ||‐6,004
‐1,659
‐7,663
‐6,499
115,389
1,652
117,041
123,540|||| ||**109,385**
**‐7**
**109,378**
**117,041**|||| ||108,966
108,966
115,072
411
411
167
150
0
0
1,652|||| ||**109,378**
**0**
**109,378**
**117,041**|||| ## **NOTES:** The above cash balances represent the entirety of the Trust's assets and there were no liabilities at year‐end. - Signed: Tommy Radclyffe-Thomas (Mar 2, 2026 14:02:36 GMT) Tommy Radclyffe Thomas Tommy Radclyffe‐Thomas ‐ Treasurer/Chair of Trustee Board Date: 02/03/2026 I have examined the above financial statements and certify that they agree with the Trust's records and documents as shown to me. Signed: Ali Dezyanian (Mar 2, 2026 13:48:22 GMT) Ali Dezyanian Date: 02/03/2026 Ali Dezyanian FCCA (Chartered Certified Accountant) ‐ Independent Examiner Page 2 of 2