2022-03-31-accounts

Berkshire Buckinghamshire & Oxfordshire Wildlife Trust A Company limited by guarantee Company registered number. 6B0007 Charity registsr•d number. 204330 Annual Report and Accounts Year ended 31 March 2022 Photograph @ Jason Bu

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE WILDLIFE TRUST ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2022 CONTENTS Trustees. Annual Report Independent Audrtorfs Report 13 stste￿nt of FinancEal Acttwbes 15 Balance Sheet 18 ststement of Cash Flows 17 Notes to the Finanaal Statements 18

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE ￿LDLIFE TRUST TRUSTEES, ANNUAL REPORT Reference and administrative details of the charity, its Trustees and advisors Charity re￿$te￿rt ￿. Comparw r&aister&J no. 68(M)J7 Address of principal and wislered olke The L(NJge 1 Amistrong Road Lrtuemts Oxford OX4 4XT Trustees George Lewy ICha"rl-appointed 28 July 2021 Giaemè Thompson {Honofary Treasuierl lan DavKlson (Honorary Secretary) Fran(s Blind (Deputy Chair Jane Cottc Natal Ganpat￿ngh Joanna Davidson- resigned 9 trlthr2021 Chris Mees Mike Pollard Gregory Webster Drew Benndli(- appointed 28 Juty 2021 Miles Evans- appointed 28 July 2021 Chief Executive Estelle B81 Inde or Haysmaontyre LLP Chartered Accountan 10 Queen Street Place London EC4R 1AG Freeths 5(1)) Oxford Busines5 Park South Oxford OX4 2BH nkers Barclays Bank plc. Oxford City Branch Oxford OX1 3HB Investment Mana ers CCLA Investment Management Ltd Senator House 85 Queen Vicioria Street London EC4V 4ET The Berkshiie. BuckirKJhamshire and Oxfordshire Wldlife Trust IBBowfi was eslatAy5hed in 1959 and incorporated in 1￿￿. 10 $8feguard wildlrfe and wildlife habitats in the Ihiee counbes and lo educale the public aiK)Ut nature w)servation. Over this time, we have grown into a succe55fiJl local charity and an actNe partner in the Wldlife Trust m0ven￿nI. We ale tsne of the largest ol the UK'S family of Wildlif8 TIu515. and the only chanty ttjvering the three counlies ol Berkshire. Buckingham$hire and Oxlordshire concerned with all aspects of nature conservab.on and education.

Objectives, Activities, Achievements and Performance This year we have launched our Strategic Plan, "Mler2021-2V, wh￿h sets one simple oveiaFching alm." to create more nature everywhere. To do this, we need to inspire people to take actK)n for nature %thile doing all we can lo restore wilder landscapes. We want lo see 30% of the land across Berkshire, Buckinghamshire and Oxfordshire well tnanaged for nature by 2030. We will only ach￿Ve this if we can inspire ￿ empower local people and partners lo help us put nature in recovery. By workirrfJ together, we can ueale bigger. wilder, more C￿)nected landscapes ￿ our three countie5. so nature and F￿p}e (xn thrive and our dimale h85 8 chan￿ foi rewv8ry. Our 'Wiklerf vision Mll build on the ambrtion and 8chievements of our 2016-2021 plan '8e PartofNatures Recovery, to continue the journey lo our new 2030 goals and beyond We have thr stiategic goals." Put NalU￿ into Recovery. Ernpower People to Act for Nature 8nd Secufe our Fubjre. These goas guhle ow wiyk over the coming five years. Our achievements against our fivè-year lary•ts indude the following. Put Nature into Recovery Acquisition of 31 ha of intenyve grassland within the Upper Ray ving Landscape Empower People to Act for Nature Secure our Future Two addib.onal communty projetts started, iesulting in a presence in six of our 13 target utban areas Appointed first Managing Director of our Future Nalure ecological consultancy compleb.on of £2m Water Environment Grant Fish Pass Channel at Duxford giving migratory fish access to an addityonal 22km of the Thame$ Athon.focused communicat￿S resulted in a 13% increase in socaal media fr￿lOwers and 32% Increase in local and nabonal media covertye SIK¢essful implementation of our salary benchmating plan. Recrurted and onboarded 57 new Starters Wesl Bethshire 'Wld Verges. project undertook botanical surveys over 170km of road verges Increased our number of campaigning Wldlif Ambassadors lo 538 taking action rk*ure Increased our membership to a new high of28.539 memberships Responded to 56 planning applications where develcpment threatened nature Installed new trail and t4.rd h•Jes at the Nature Discovery Cenlte in Thatcham Introduced a third electn"c Veh￿ie to our fleet Key aspects of our work urider eath of the theffEs in the 2021-26 Strateo•c PL￿ are detasled below. Put Nature into Recovery A5 w8 launched our new Strategic Plan, we managed 86 nature feser¥es covering 2.667 ha. Our wal is lo increase this by at least 2(K)ha during this strategic planning period. We have alreaoy made progre5S towards this witth the acquisition of a new sile at LLJdg&rshall whth extends our Upper Ray Meadows reser¥e and Nature Recovery Nelwork. OUF total holding is now 2,7C4) ha. The landholding at Upper Ray Meadows comprises ol over 200ha and is our third largest reserye This LHrge. interconnected nature reserve supports a wide r8r¥Je ol habitats from fflower-rich meadows to wet paslure with rare wading biids such 8s curlew breeding here. Since Septemb81 2021, we have been developirv3 The Trusts Habitat BankiThJ FinarKial Mtyjel, in partnership with Cheshire. Watwid(shire and Surrey ￿ld1rfe Trusls, and Finance Earth_ We aim for th4S to be a viable model to help us acquire manage more nature iesetves whid) can also help deli¥er Biodwersity Net Gain. We have also contritmjted to Local Planning Authorities work on the strategic roll out of Biodiversty Net Gain. hel￿n9 inform biodNer51ty unit PTI(ing. and testing the Defra metric on potential hal￿'tat banking siles This year we completed Ihe £2m Water Environtnent GTant Welland ReSI￿ation and Fish Pass Channel wojecl at Chimney Meadows giving migratw fish a￿$5 to an addth.onal 22km ofthè Thamès. The proieci also ueated 17ha ofwel 9ra5sland

f8alures ideal for vrddiTrJ lyrd5 suth as rJJrfew as well as hdwn9 provide natural flood storage. We have undertaken a baselir assessrnent of the carbon storage acr055 our landholding ar￿ in floodplain me￿OwS and we are Trrrying out deiailed reseafch into just how effective this habitat can be at lothiThJ up c8rbon deep in the stxl. In this era of dimate nature emergency, our natUTe serves continue lo provide a haven foi ￿ldlife. from the rare and beautrful milrtary orchid lover 8rMI flowers were count￿1 last year} to mor8 abundant species such as gatekeeper buttertiies arKI blue b.ts. Key achievements against our key strategic objectives Ircth 2021-22 in¢lud• Acqutsition of 31 ha of intenswe grasslan(l * Ludgershall ¥wthin ihe Bemwood FO￿$t aThJ Ray Valley LNiryJ Landscape, some of whith will te restored to tradrtional hay me&Jow aThJ some areas will be W to provKle more tU5socky pasture for birds and invertebrates. Redshank bred for the firsl al our Upper Ray Meadows site. Two pairs each successfulty fledged two you1￿. A new fvngi speoes ft)r the UK was found at Rushbeds Wood- Irt￿Ybe sti7d(eipan. This is the third new UK fungi speaes in two years for the reserve. Water voles wefe ie(x)rded foi the first time in ¢he fen at Dry Sandfoid Pit. The adder populalion at Pa(h￿rth Common cOntir¢U￿ to do well, vAth a maximum count of five irKlividuals Secure(l ovei £400.WO of extemal funding lor projects on ￿serVeS to create hedges. ponds and ￿ppI(￿ woodland lo benefit domiice. bals and bUtte[fi￿5. Ensure our nature reser4es i are rf¢h In wlldlife and strateglcally èxpand our I landholding I Create bSgg&r. wlldèr. i Connected landscapes and I networks where wildlife can We have delNered conseNation projects armss 8 total area of 77.111 ha. The 3.5 year Hedgerow Havens Project in Buckinghamshire was completed. The Proieci Offi￿r along with 25 landowners and over 100 volunteers delivered over Skm of hnew habrtal ￿tor81￿CreatKjn An thtKywI 10Ha of hatxlat I￿1[￿11ng ponds, mekn5, wcxyjland and scnjb was 8ts0 reslored or (xeated Th& prgeci hÈd form five Iwal groups. prov¥JiryJ a for the Pfoieci The Wesl Bethshire'whj Verges, kwojecg und¢rt¢)ok bot4nica s￿￿Y3 over 17C4(m ol ad veiges 344 srtes We￿ sweyed lor water ¥rAes, cothffd 172km ofwat8rcC￿￿. Ih C￿￿nated 2eii mink rafts. SLKcesslulky Iwped S8 m￿k to help core¥ve ￿￿al vole popU￿t￿n5. va¢onated 42 badgs m West Berkshire 8Tr1 on key in Oxfotdshire We suc£essfulty Ini￿le￿ a￿1 ddNered Ihe fwEt ba(b3Br schane to lake plac on NatLwal England L3nd Through Ihe oxfords￿.￿ w￿rfe Sites PKie( managemthrt vras PTo¥Hl•J to 27 LOC￿ Wddlile &"ies. D•mongtrnt• how r•tyt¢rlno naturn can dellver multlple l environmgntsl bgnefft¥ and holp tseklè thè cllmots artd rraturn gm•rgencl•s Ccffithion 01 £2m Waler Erftmonment Granl F15h P835 ch￿191 81 Duxford Old RNer Chimney Méa(kn¥s gmng nwgratory fish access ￿ an addl￿"Onal 22km ol Ihe Thames. The propd also u&ited 17ha of wet grassland features Ideal lor wading biids gs as well as hdpirvJ provle natu[* flrxxl stooge A th￿e.year ftm(led by Eg)¥er and woth.ng wilh Ihe Floodplain Meadows Partr￿tshIp 8nd Loffj Mearfs Thames Vaney Wk1fl￿￿er Meadow Re5torntion Prol￿t was started. 144 s￿1 samples weie collected lo look at carbon storage in floodplain meadw systems. Pidiminary resutts suggest floodplain meadow5 could be as nportanl as woodLind in sloring carbw. I Challenge liousing and infrastructure that threatens I naturé's recovery Responded to ￿ ￿annIng aptAi(xtions Whe￿ devdoF¥nent threatened nature and reviewed hundreds more. 85% 01 the planning applicatioris reSp￿ded to by BB0￿. have been wilhdiawn, refused or amended wtth Improved o)nSKlerathons for wildlife, exceeding our target of at least 75/.. Continued to thalleThJe aThJ campaign ￿8￿nsI HS2 and its damaging pL7ns and practices. Res￿nded to Local Pkn consuttations arKI lo￿1 auth￿ltY bK>diVe￿tY slrategies lo d￿lenge thèm when damaging to nature and recommend inprovements

Empower People to Act for Nature This past year has seen the tea￿ f<xxJs on enabling community groups to ad for nature with BBOVW support. This has ￿￿ant staff helping groups wild their local patc17, for examFYe in a care home in Buster or a churchyafd in the Chillem5. We have also delivered we￿narS and online evenls on wlldlrfe gardening and nature connectedness. The Engaging Unth Nature project has énabled us to work with new audiences io promote wellbein9. foi example wilh the hwsing and mental W￿1￿ng charity ReSp￿se at Carramar House In Thatcham, Beth$h1￿. Team Wilder was launthed to enabk people to aci for wldlrfe. Tra￿u￿ sessions and re50urcEs created and available on our website allow ￿esS to additional material to rnake aclion accessibk for more peop￿. The weby.te enatAe$ people to showcase their acion and share tIEir slory lo inswre others to do the Same. Our educaion centres operaled throughout the year, delivering in a Covid $￿jre way. Thi8 saw 5.073 schoolchildren take part in sessions led by our leam of prOfeSs￿nal outdoor ed￿10[s_ We restarted ¢)ur n8tUTe clubs for Tols, Tangers a￿1 teens and reimagined family events lo enal￿e rnore self-led provisK)rh on our reserves_ This year. we have signffi(xnlty irKTeased our nurrrt)eT of (ampaigning Wldife Ambèssadors to 538 pec)le laking action for nature. We have also CaMpa￿ned on shortcomings of Ihe Environment Act by meetiThJ our local MPS and inspiring members of the public to join the campaign. Finally, a Oxfordshire LC￿al Nature Pathership {LNPI was launthd in Novernber 2021, folltswng BBOWFS involvement in a working group to estabk.sh il. ThLS IS 8 cr￿"(￿ slep tsken in Oxfordshire in prewaration for tr developmEnt ofa forthcowning LOC￿ NatutE Recovery Strategy. Key achlovements from 2021-22 include i Fieconn¢¢t p¢oplo with nature Nth¥ ath.fv (xeated to enable people to (x)nnect vnth natu￿ in a variety ofways. including adult e￿￿tIOn 8cb"vrties. online worksh(¥)s and community outread) activityes. A Level prOvis￿n has been created IInk￿9 to Ihe curriculum, enat4irKJ teachers to creat8 8 package to suit theiT dass needs. Our bursary programme delwers to the mosl deprived 5(KK)Js in our ￿￿1t1&S and enabled 48 prThary school dasses to parbcapale In our ft)rm81 educth.on sessions. i Engage and $ukiport diverne i • Communty was dèiNered to two 8d(iitK)nal urban arèas: Bi(stef and local eommunltSes to act for I Aylesbury I nature Activities working wrth rnen￿ health thanb.es (Respor￿. Eight eells lor Mental Health s￿1 Style Auel has helKd partirypan15 ￿aM lo gieen their own sites. ' Use trdnsfom)atlonal I communicatlons and I campaigns to protsct I wildlife and put 170ture into I r&covgry More than 5.0(M) people in (xjr three countses s¥Jned up to be part of 30 Days taking action for nature eath day in June. Media w¥erage increased 3PA. with BBOWt staff and k)(2tK)ns used for national t￿￿1510n appearan(zs rfudiThJ Channg14'$ Grpat GaAlen R8voluti(N) aThJ BBC'S Gounlryfile. A 13% increase in sooal media followers helped to spread the word about our campaigns. induding The Wildlife Trusts. Vote for Nature rampaign, the State of Nature petition. and awareness of the use of neonwbnoids. I Influence deci¥lon making i on evèry level to prSorltlse I nature Imased our Fwknof carywvJThrwJ Wkffliie Arrthssadors 10 538 p￿18 iaking aclion for nature. Campaigned on shorlo)mivJs of the Environment by meeting oul locsl MPS and inspiring mernbers of the public lo join ihe campaign. Wofked with parlners lo establish Ihe Oxlordshire Local NalLJie Partnership so all three I unties now have an LNP lo influence all levels of decisi￿ makers.

Secure our future If BBowf is to deliver ts ambrtiorts for wildlrfe across the coming years it ¢s crtul that our finances, peO￿e and infrastru¢ture are resilient tts the challenges we face wthin our i)peratirvJ en¥iionment. We must prepare ourselves for unforeseen arcumstances and ensure that we respond llexibly to a dynamic wortd. This year we have continued to adapt our working pra￿[￿5 arDund the unfolding situation wth Covid-19. ensuring thal our employees and volunteers slay safe at work ar￿ can deliver for nature. We have had Suc￿$ in maintaining our financial security through un￿rtain times thrOL￿h carefijl ffinarMi￿ mana9ernenL Our rnernberstru"p has also reached its h￿he$l ever level ol over 28,SOOmembeiships- an Inspi￿ng sign Ihat morè than ever are ioinirKJ us in acling for nature. We have also benefited particular this year from Unpre￿dented levels of grfts in wlls. We a￿ inspired by and inuedibty gratettll to all our donors and supporters. Our commitment is lo maxNnise the resour￿$ that we have to ensute that they deliver the greatest possitAe ￿paCt for nature. Key achievements from 2021-22 include r Embed effectlve goveffla￿e i • akwrknd Trl￿8e$- Drvw Benr￿I￿k, Miks Evans aThJ Ge￿ge Levvy, l Ind bus1r￿S plannlng with the Eatter lakry on the role of Char Tntstees revwed and agreed a revised rAan. updatod to reled progréss after fK5t year ofihe rAwrenl ¥lwegK pkn. Grow and dlv•rnlfy IM membershlp supporter b•ge | •nd dgv¥lop nvw •ustainable Incom• trnams ¢)ur erd0￿1 ￿￿8￿m&t￿.FU1v￿ Natufe.. Thi$ is operating cul￿nt￿ as a brèrKI from wtthin 880￿ is designed 10 drNe future ¢nccffie to t Trust dso lo achfftie impact for natu￿ ￿rosS our three Coun1￿5. Mefflte￿hIPs al year ervj 2021.22 ￿ched a historic high 0128.539 memberships (rèaching 55.(KX)+ inthv￿Ua1sl, and with £3.1m ￿me from memberships. Llwhall Me&1(Ms appeal raised £XKI.(W Ihrough indivklual gifts. major gifts and trust gTant fundry. us to secwe I￿$ extens￿n lo th• Ipgf Roy Over £1.5m legacy inc(xrTre received in 2021-22. Development work on our Inveslots in Wldljfe wogramrne stralegic shared-value tporale pthw5hitts. Develop a valug$4•d i inclusive workplace for all I stsff and volunteers We developed and our saary be￿hmarkIng pbn in older lo ensure our le8m continue lo be paid fairfy for their hard wortt. We have succe55fulty embedded our ewnployee development programrne. wth five drfferenl Coh￿1$ tunning simukaneiMJS1y. We have created the f(KJndaiions of our Equality, Equity. Diversty and I￿lUs￿)n IEEDI} strategy. We have eNectNely recrurted arKI onboaTded 57 new stsrters. We have centTrlised our volunteer retAJthenl. We continue to evofve our Empbyee Voi(t Forun and have launched the Volunteer Voice Forum. Buil¢i fit for purpose i infrastru¢tur• to support i flexible working We ointinued our investrnent in ICT effjjipment. induding laplops, fo support staff hybrid workirbg. We impkM￿1ed the Xledger finan¢% $ystém. j￿nIng 20 olher Wldlrfe Trusls on thi5 software. We have begun a programme of works lo irnprove wotking at our Offi￿ in Oxfoid and undertaken a prOgramTh￿ of planned arKI ￿8¢￿ve maintenance across our nine operational bases. R¢duce our cwrbon I￿￿%15￿1 l • purchased 8 thwd vehK ts oyrflèel rerithed three tthesel driven i and embed sustalnabllbty vehides to reduce our emissions. practices We Installed LED ￿.ghling al Estovers. Meadow Farrn, Woolley Firs and Chimney Meadows We now have electr￿ vehide dwiging tK>ints to allow raimd charging of the irust's grOwW￿ electric fleeL contsnued to monilor our carbon emissions a(Yoss Ihe trust.

Plans for 2022-23 As we move into the second year ol our Strateg￿ plan we are IcJ)kir¥J to build on the prTrJress we h*e made in the past 12 months across all of our IhrÉ& Strateg￿ ot4"eclives. Put Nature into Recovery Wè will: Ensure our existsng reserves a￿ rith in wildlife al￿ seDJre fwwjing for delivery from govemment grant schemes. ProacDvdy investigate opportunilses lo exparMY our ￿s￿e$ Landholding. Explore where nalural pr￿ss-led management may be possible on both our own reserves. and 8cross the WKJer knds(xpe. vitrk towards implementiro 8BOWT's BKJdwersty Net G8in offerng through one demonstrab'on site. Deve&)p and fundraise for new landscape scale conservation projects in the wider countryside, paitulady in Ihe Bemwood, Otmoor and Ray region. Support the development ofthe new statutory Lo(31 Nature Recovery Strategies in each ¢ounty. Partner wf(h researcJ)ers lo test and gathei evidence aty)ut the muthple benefjts le.g.. natural capital) delivered by our nalure resetves and wder countryside. Empower People to Act for Nature We will.. Further devebp IkeamWILDER communications, focusing th (xlls to aCt￿)n and tsytrway dialogue. Develop and IMp￿ment an events stralegy arKI a(Xion plan. Continue lo support rnembers ol the public lo iestx)nd to Wanning ap￿icatIOnS in a way that supptsrts and defends wkjlife. Activety woth wrth I(￿1 envir￿Ments1 slakehrAder5 10 infiuence how bx)dNersity offsets are delivered Iccally to ensure we see true gains in bi<)di¥ersity in the future. Deliver Team Wlder adwity in two new U￿an areas n Reading and Slough. Create and kn"litate the o)mmunty group netsvork across OLX three Ix)unties. Delwer SeC￿d ￿aSe ofproieLi at WTrJsor Greal Park Envitotjmentsl Centre in our partnership with Ihe Crown Estate. Create ￿ld￿0￿3] volunteering opportunib.es thrcyjgh Team Wlder lo upskill more people to enable action for wildlife. Ci83te nèw acb"vib"es at our educabon centres lo enable more people Io D)nnect to natura. Secure our Future We will= Review and refresh our oxporate membership 8rKI partnership proyrnmme. Plan and implement a long-temi fundraising campaign. Launch the Meles Cirde (Maj￿ donors) and Legacy Swety. Expand major donor research. identif￿tIOn and relats'onship building. Complete internal refurbi5hrnent of Ihe Nature Discovery Centre. Roll out of a phone system. Launch and emw our EEDI strategy acn)ss the org￿lSa(10n. Revw4 and enhance our reixuitrnenl experiertt to ensure it is process-lite, indusive, focussed on ihe canthdate experience and fulty efYJaged managers. Review our FEople syslems lo ensure they add value and adopt a move from people polic￿$ lo people prinaples to ¢￿ate a more ffexible and engaging approach. Review our volunteer plan to establish the focus and capa4ity needs for our expanding team of volunteers to ensure all needs are met.

Structure, Governance and Management nominaled Trustee reports back lo the lull Board on Health and Safety fflatters. BBowf is an actNe member ofthe Royal Society of Mfildlife Trusts IRS￿1. This is the national partnership organisab.on for the 46 indepeThlent Wddlife Trusts operaling across the UK. All the Wldlife Trusts ¢ontribute an annual lewy to fund the Rswf to provKle information and support services as well as advcKacy and 18presentab.on at a nakncnal, UK-wide and ntemational level. The ¢harily is a ¢￿TrpanY limited by guarantee. wvemed by Articles of Ass(ciab"on. last upmjated in 2017. The objects of the charty are for the public benefit to safeguard and enhance biodiversity Imeaning the variety of life in all its forms, levels and combinatK•ns, induding ecosystem diversity, speaes diversity and 9&ieb"c diversrtyl. and in partiwlar al to Lkndertake and pron)Jte the conservation of wildlife species and their habbtats induding the restorthon and creation of such habitats.. b) to promote public uThJerstandMig of, aThJ supwrt for. the natural workj,. and cl to campaign in supporl of sustainable prinoples and praCti￿S for the protectson of the natural environment. The TrLtstees confim that they have cornpl￿ wrth the dkjty in sethon 17 01 Ihe Charities Act 201110 have duè regard to pubh"c ￿nerrt 9uidance published by the Charty Commission in detemining the aclivities undertaken by the charity. Strategic Report The Trvslees, who a￿ also the Directors of bye company, present their report foi the year ended 31 March 2022 The Tnjslees, Rep￿1 inGludes the Strategic Repori required by the Compatwes Act 2(X)6 (strateg￿ Report and Directors, Report) Re￿lationS 2013. The govemin9 body is the Board of Trustees. Tnjslees are diawn from the membership and if there are vacarKies orh the Board then nominations for Twstees are requested frLK the substtiption-paying members our mefflbet5hip magazine and website. Those Inte￿$ted in becoming Trustees are invited to meet the Trusfs Nominab"ons Committee, whih makes recommendations to the Board and the tlletnbership. Risk Assessment and Risk Management Members vote forTnJstees. who are elected lor a thre&year term, but Trustees rnay stand for re-election at the end of this period. In line wrth recommendations ofthe 2018 Charity Govemance Code lendorsed by Charity Commission) the re-appointment of any Trustee who has served mo than nine years will be subject to rigorous review and èxplained in ihe Trustees. Annual ReForl. The Tmstees regularty review the stralegic nsk asstsssmenl and risk management register dealing with the r￿skS thè chatty may and the processes and proTrdures 10 mtye those risks. The cO¥￿-19 pandemi has t￿ught new risks over the past Iwo years. The charity remains highly vigilant about the risks posed to the health and wellbeing of our stsff, volunteers, visiiors a￿1 supporter& The Trustees elect a Chair al their next meeting following the AGM, and Ihey may co-opt mervbers on to the Board of Trustees during the year to fill shortages.. these appointments must be confirmed at the next AGM. O elected, new Trustees folbw an induction programme in whid) they meet senior members of staff and are 8ncourag8d to visit B80v￿ visitor ar)d eduixb.on centr85 and naturè rès&rves. In addth'on to Ihe SkEafic risks brought by Gowd-19. the prinapal risks for ihe charity a￿ in the following Ihiee areas.. OperatK)nal risks induding the loss of key staff. heaf(h and safety risks around managing land and buildings, and safeguarding." FinarKxal risks IndudiThJ fluctuations in donations. membeiship and eatTrd income", and Shifts in the extemal enviionrnent. for example increased antFoual behaviour on our reserves. shffts in environmental policy or the public perceptions ol charities. The Board of Trustees delegates the day-tolay running of BBOWT to its Chief Execulwe. who is supported by the siaff and volunteers of Ihe Trust. The Chief Executive provides the Board with an operational report four bmes a year, and belween Board meetings works dosely wth the Chair, Honorary Offi￿rS and other nominated Trustees on matters of govemance. The Board is also supported by the FinarKe and Audit Cotntnittee. Thi5 comprises TTUStees induding Honorary Offii2is, expert volunteers. the Chief Executive. Finance and Govem3niE Directoi and the Head ol Finanre. The Firnan￿ and Audit Committee is chaired by a Trustee nominated by the Board and is responsible lor monitoring the financial health and the intemal ￿￿trOlS of the Org￿lsation. Measure5 to rnanage and mitigate risks indude maintaining ornpiehettsive insurance and appropnate levels of financial reserves. rewitrng and retaining suitably trained and expen'en"ced staff, imtjemenling a strong policy fiaméwork, and taknng active steps to sustain positive relab'onships with key stakets)Iders. Promoting Safeguarding Bowr has a GOverna￿e Group whth is an ad IK working group that exis¢s to &dress issues needing to i developed outside the rnain Trustee meetsngs.. its rde Is to make reoomrnendatK)ns to the main body of Trustees according to the task in hand. There is also a Reserves Acquisition Group. the purpose of which is to advise the Board on the acquisition and disFX)sal of land. and on related policies, in ac(x)Idance with the Trust's strategic objeclwes. 8BOWT has a separate Health and Safety Commiltee and a Safeguarding i% a key govemance priorty f￿ TTuslees so that the n5k of safeguarding inudents is minimised. and so that rt is safe for Ihose affected to come fotW8rd and report inc4dents and conTrrns wrth the assurance they will be handled sensitively and property. Ovr Safeguarding and Chikl Piotection Policy (Code of Practi￿) is regularly reviewed and updated In the light of experien￿ and thanges In gUid￿ce or regulation_ 880￿ has two appointed

designated Safeguarding leads respon&ble for enS[￿Th3 Staff and volunteers are supported to be to resrK>nd to any safeguarding con￿r￿ appropriatety The BBOWT HeaKh and Safety Comniitee. which include$ 8 member ofthe Board of Trustees, has the responsibilty of reviewing any ￿￿)rted incidents and reports directly to the Board of Trustees. There were no reported safeguarding inudents involving Ihe Trusfs work during the year. vehicle to our fleet. and instal￿￿ LED lighiing and electri¢ vehide charging points at a nurnbgr ol sjtes. Our Fundraising Standards Our approach lo fvndr8igng IS to be honest and transparent wrth our membefs, donors and supporters about where Iheir money goe5 and why we ask for don8ts"tsns. We publish infom)atrJn wwjely aboul our work and we seek to keep everyone inlomied. We communicate dearfy why we need (lonatrTh and what adivitss money w￿1 be spent on. Through our education and communty ￿ga9ernent prc¥ects we work with thousan(ts of children, young people aT¥J vulnerable adults every yeat. Thousands more people onnecl with our work thrtsugh attending publ￿ events and activities. We strNe lo (k) everythFng po&8ible to make sure that everyone has a safe and positsve experien￿ when they become Involved in our work. All slaff are aware of Iheir duties in terms of child protedion aThJ safeguarding. and Specific training 15 given lo staff who work on education and community projects. Vve have rigor￿5 Systems in ￿a£e for Our Staff re(xuilment and ensure that all the approprklte Disdosure and Batring servi￿ IDBSI checks are carried out. Tnjslees ale avrare of the need to uphold the highest starKlards of fundraising practice to safeguaid Ihe good reputabon of the Trust, whith has been built up through many years of wod w)fk. ￿lIst day lo day ￿ponsIbIlity for fundraising is delegated to staff. the Trustees remain ultunatety res￿)n￿b￿ arKI fundraising practice is reguSarfy discussed by the Board. The Finance and Audit Committee meets wth the Fundraising. cowmunicab.ons and Marketing 01￿clOr on a quartejly basis to review (xjrrent and fvture fundrai&ng athvity- induding agreeing our meihods of fLmdraiwng. reviewing the use ol extemal suppliers and examining cost effectiveness. FundTai5ing is induded on the Trusfs risk register which Is monitoied by Trustees. Trustees view cclnplainls to er￿Ure our fundraising praCt￿e is carried c￿t to the agre8Y stsndards and any lessons are leame(J. Measuring ourown environmental irnpa¢t We are taking steps lo minirnise OLJf (Y•¥n environmental irnpact. As part of this corT¥nitrnenl we TeFXJrt on energy use and energy generalh)n all (Kjr buildings 8nd Veh￿jeS operations. The use and generation for 2￿21r22{2o20r2ll BBowf is a registered substhber to both the Fundraising Regulator and the Institute ol Fundraising. Vve cornply fully th the Fundraisiro Regulatorfs Code of Fundraising PraCt￿e and the six guKling principles identif￿d in ihe Charity Cornmissh)n guidance foi Ttustees on charity fiJndra1￿ng ICC201. Orh oui website and in our membership literature we prcmole our Fundraising Ptotllise outlining how we wll treat our supporters. theii data and how they wish to be o)nlacied by us. A Vulnerable Adutts pdicy and training has been put in place to proted against unreasonably intrusi¥e or persistent fundraising approaches. A detailed privacy statement land a complaints procedure) is highlighted on our website and in our publicity to ensure we arE dear and transparent about our use of data. During 2021r22 we re￿iVed a totaj 0126 ￿M￿aIntS ielab'ng to fundraising. Electrtcity use. 258.338 ￿￿1197.558 kv￿> Electricity generated- PV panels: 30.4(￿ kw) 127,117 kWh> Gas use." 2,067 k￿11.743 kwh) LPGIOil. 4,155 litres11.290 litresl Motor veh￿Ie fuel.. 12,442 litres112.62315tr&$) Metered Waler lon 9 sites).. 2,562 m (1.(X18 m } The prior year12020-211 saw unusually low erergy consumplion on our estate- largety caused by the Covid-19 pandemic which saw many buildings under-utilised. As staff hève relumed to site this year, so our consumpb.on has increased alth￿9h having irNesled sign"fficantly in LED Iighling we hope to see dectricity consumpbon again drop off next year. We always expect significant fluclualions in gasloil figures as these are impacted by timings for when we fill up tanks. All of oui electricity ublty contr￿lS are from IC()% r￿n￿able sources wth Ecolriaty. BBOWf uses two extemal fundraising suppliers lo help with recruitmenl and fundraising. All providers are screened and monrtored to ensure they adWre to ¥g￿ed guidelines induding the Fundraising Regulalorfs C(Kle of Practi￿ and B80￿'S ethical standards Our main extemal fundraising suprAier. Mdlife Fundrai￿ng (Centrall Ltd. was set up in 2013 by BBOWt and seven other Wildlrfe Trusts as a company lirniied by guarantee. The role ol the company is to carry oul membership reL￿rtMent. Along with the oth8T Trusls. BBowf conltibuted a loan to support the set-up costs of the company and conb.nuès lo have a non-executive pO￿tion on the company s board. BBOWt 15 cornmitted to understanding and reduryng its caibon footprint. We have completed two iteralions of a caibon footpnnling tool designed ty the Royal Society of Idlilè Tiusls to inciKporate Scope 1-3 faiaors. The last iteration of the t(K)I calculated the oulput of carbon into the environrnent os 808 tonnes Coze for the year ended 31 March 2021 befor8 any sequestration from our work is taken inlo account. It is oui intention to run a new loowinl for 2021-22 bul this wll be lalei in the year. Inteies*"ngly. a Jarye portion of this carbon is created by INestoth wlhin our conservaiion grazing operab.ons txjt we still believe there are things we can do lo reduce our impact. Calculating the sequestration and carbon storage of ow work is something we are exploring, but Tegardless of this figure we still bdieve we must look at how we are re￿aSing Cart)on ar￿ ways to rninimis8 Ihis. We have operated solar panals on our buildings for many years but a￿ lookirKJ at expanding our arrays in the future. In the past year we added a third electric 2021122 Financial Review Toial income was £9.472k. This represents a 35°/D increase on the previous year1£7.015kl. Tolal expe￿lture was £8.026k which was also an increase on the pnor year {£6.438kl. The resulting surplus before net gainslk)$ses on investments. Iransfe15 and actuarial gainsllosses was £1.446k c(rfnpar&Y with a surylu5 of£577k in 2020r21. A3

noted above, this surplus was driv￿ largety by excepb.onal levèls ol income froffl legaaes. £451k for land PUTchase that tsyo legtLie5 have contribLrted to this year. Income Unrestricted income {£5.692kl was 60% 01 total incom& £3,1(6k of Un￿s{r￿ert income was raised Irom our members in the form ol Me[[tt￿&h¥1 aThJ mertbLwth"p donations. Legacy income1£1.5S2kl wa5 up on the prior year 1£647kl and reflects our highest e¥er legacy tolal. Restricted incorne1£3.780kl fflade up 40Yo of tota income, this was boosted In particular by £1.374k for Ihe Water Environmènt Grant for Chimney Meadows. Defined BÈnefrt Pension Scheme Li¥bblity The lotal defined benefit pension scheme liability al 31 March 21Y21 is £556k. As outlined in Note 16 to the finarKial statements this ielales to the Royal County of Berkshire Pension Fund. Financial Reserves All tharib.es are tequir81t lo dèvelop a pOI￿Y whith Èstablishes a ￿Ve1 of fin￿r￿131 reserves that is right for the charrty and to explain why holding these reserve5 is Expenditure Our tr811ing costs- includiThJ cost of sales- of £883k mad8 up 11 P/0 of tolal expendiiure (2020121 £434k, 7Qknl. These have increased a5 they now include costs from our Futuie Nature ecological consultary and because our visitor centres had fewer dosures due lo Covid-19 restrictions than in Ihe prior year. Mfithin our Trading Cost5 are t[￿￿ed the cost5 sso¢iated with running our visitor centres. Taken s cornplele siles. including donation5 Irom visilors, $018r generabon and asso(xated grant incorne. we 8re pleased thal these are now covering their costs bul under the SORP definilK)r of trading income and expenditure, this is not irvrnediately apparent tt) ttsers of these accounts. Gosts of raising fvnds- exCI￿11ng these tradiftg c05tS- at £1,295k represen116°k of total expenditure12020r21. £967k. 15%}. This kr￿ludeS the costs of recnjiting and retaining rnembers. funilraising arKI a share of supwrt costs. charitab￿ activities1£5,848kl were 73°A of total expenditure178/o in 2020r211. This is broken down into ihree categories that ￿flect our core activities wilh each area induding a propo￿.0￿ ofsupport Servi￿ alIc￿ted on the basis of slaff time. The areas are". Nature reserves management134%1 i￿L¥JeS the costs of improving puL4ic access to our nature reseNes, nature conseNab"on work, INestock management and ol Yeh￿les, tools and equipmènt. Wildlife awareness and eduotion122Qk) which includes the ¢osts of running our edui2lbon and V151tor centres. public information campawns and Wild. our mernbership magazine. Looking after Ihe wder countryside117%} which indudes Ihe cosls of stsff who work on plannit¥J issues. specie5 and habitat monitoring. and worknng togelher wilh othei oiganisations and landowners to prolecl habitats. The Truslees have Con￿de￿d the minimum level of financ4al re5etves and adopted an approach Ihal link$ thal level wrth Ihe nsks 18ung the organisation as idenb.fied in the organi5ational ii$k regisler as well as our budgeted unlestr￿ted opeoling costs for the year ahead. Based on this 8ppToath, al Mard) 2022 the minimum of reserves that the TrLJStees consider to bè wlable is £1,687k based on our 2022-23 budget. In addth.on to Ihe minirnum level ol reserves, the Ttustees have also identified our optimum level of reserves, cAaJlated (o be be￿een the minimum levd up lo the equivalent of six tllonlhs of unrestricied operabThJ costs. The actual of free ￿serveS at 31 March 2022 was £3.531k (general UnreStr￿ted funds less the net unrestn.cted pension liability). This falls jusl atK)ve our optThuffl ran9e. constitubng 6.3 mcmlhs ofoui unreslricted costs based otj approved 2021122 budget. Resetves werè boosted this year by unprecedented levels ol legacy gNing. The Trustees consider this levd of reserves to be acceptable given the unceriain e￿c￿l¢ situatson we ale operating within. Pay and Remuneration The managetnent of the Trust was led by the Chief ExecufNe and a Direcloi Teatn including a Land Management Directoi, C(xnmunity Engagement Director, ConsetvatK)n Strategy Ditector, Fundraising, Communrations and Marketing Director. Finance and Operations ThrectOT and a People Director. The pay and remunerabon for the Chief Executnie is overseen by the Board and set through a piwEss Ihal involves evaluath)n ofjob rdes and benthmarkmg against comparable roles in simHar organisati(Ms Iinduding data from the Croner Charity Reward Survey) All job ro￿$ are evaluated against the Croner JET evaluation criteria whith indude complexity. ￿0)untabIlitY. PToven 8b.lity and Independen￿ of action. Unrestricted Funds BBOIW held £16,486k in Unresir￿1ed funds induding designated funds. Designaled funds are uniestr"Kaed funds whith have been used for fixed and illvestment assets1£5.012kl. nature reserves1£7.309kl and other purw)ses (see Note 17 to the financial statemenls) General funds are unrestricted funds have yet been used. Investment Policy Decisions on the Trust's investments are made on the basis of ihe purpose ofthe investment, 3￿ptable levels trf risk and retum, and ethical considerations arising frotn the TtU5t's chai¥iable objectives. The Trust's overall Investment Objectwe Is lo produ￿ the best finawal relum wrthin an acceptab￿ level of risk". Ethic21 consbderalK*ns are irnFK>rtant to the Tiusl and will be considered in all investment deotsion5. A5 fai as is reasonat4y possit4e, preferen￿ wll be givèn to inveslments that safeguard and enhance biodNersity, Restricted Fund$ BB0v￿ held £1,435k in restricled incOff￿ funds. up from £954k in the previous yeai. Thè use of the funds has been restricted by the donor or grantor for specific purposes. Induded in this amount is a restricted fund ol 10

promote the conservation of wkjlrfe speaes aThJ Iheir habitals and support sustainable prinaples and practices for the protection of the en¥ironmenl. Overall. the policy is not to invest in companies thal are in breach ofthe UN conv￿￿.0￿ on Bidwcal Diversty ICBDI. Total investmenl income for the year was £177k, dov slightly from £193k the previous year. Our investmenl income includes income from inveslments managed by CCLA, from rental properb'es and from ￿￿r photovolta installations. Trustee'$ In$uran¢ BBOWt provides insurance to its Trustees 8gaiv liability in re5ped ol actions brought by third parlies, subject lo the conditions set out in the Companies A 2006. Such qualrfying third-party Indemnity insurdnce remains in force as at the dale ol appro¥M)g the Trustees, Report. Liability of Members The members of the u)mparhy agree to c￿tribUte sum, nol exceeding £1. in the event ofthe company being wound up

BERKSHIR& BUCKINGHAMSHIRE AND OXFORDSHIRE bMLDUFE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES YEAR ENDED 31 MARCH 2022 Statement of Trustees. Responsibilities The Trustees Iwho are aLs0 Directors ol Berkshire, B￿kInghamshire and Oxfordshire Wildlife Trust for the purpx)ses of company lawl a￿ responsible for preparing the T¥ustees' Report and the fu)anc3al statements in accoidance wilh applioble law and Untted Kingdom Accounting Stsndafds (United Kingdom Generauy Accepted AccountirvJ Practi￿1. Company law TequKes ts Twstees to KKepare ffinartial slathents for ew ffinanoal year that give a true and fair view olthe state of affairs ol the charitable company and oflhe incuning resources and awicatson of resources. induding the income and expenditure. of the charitable wmpany for that period In preparing these finan(ial statements, the Trustees are required lo.. Selecl suitable accounting poliaes and then apply them wnsisleFitty Obsetve the methods and prinaples in the Charities SORP Make judgements and eslimates that are reasonable and prudent Stale whether applicable UK Accthjnting slarmlards h￿e been followed. sut¥￿t tr) arry material departures disclosed and explained in finanaal statements Prepa￿ the finanijal statements ￿ 8 going IxM)(rn basi8 unless it is irwprowiate to presume that the charitsble company will continue in business The Tru5tee$ 8re respon&ble for keeping proper accounbng rpwrds that disclose with reasonab￿ accuracy at any lime the financial position of the charitable company and enable them to ensure that the finanaal statements comply with the Companies Act 2006. They are also iespwsitAe for safeguarding the assels of Ihe chatitablè company and hence fortaking reasonable steps for Ihe prevention and detection of fraud and other Irregulanb'es. In so far as we are aware.. There is no relevant audrt itrfoFmaknon ofwhich the tharitable cofflpany's auditor is unaware. and The Trustees have taken Èll steps Ihat they oughl to have laken to make themselves aware of any relevant audit informalion and to establish Ihat the audrtor is aware ol that ￿fOrmati Auditors A resolution appointing exlemaj auditors will bè proposed atthe AGM in ￿)[dance vthh Seclion 485 of the Companies Act 2006. Approval In approving the Trustees, rewt the Trustees are also approving the Strateg￿ reporL On behalf of the Board of Trust Juty 2022 George Levvy- Chair of Board ol Trustees 12

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE Y￿Lf￿￿E TRUST INDEPENDENT AUDITORS REPORT INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BERKSHIRE, 8UCKINGHAMSHIRE AND OXFORDSHIRE WILDLIFE TRUST Opinion We have audited the financia staternents of Berkshiie, BuckwvJham5hiie and Oxfotdshi18 ￿1￿lIfe Trust for the year ended 31 March 2022 which Gompiise the Statement of FInal￿￿j Activities. Balan￿ Sheet. Statement of Cash Flows and notes to the financial statements, including a summary ol stgnTrficant ￿coUn[1ng FN)lioes. The finanual reF¥)rting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. induding Finanaal Reporting Standaryl 102 The Finanual ReportNng Standard applicable in the UK and Republic of Ir8land (Unrted lfjogdom Generally Accepted Accounting Prac[1￿). In our opinion. the ffinancial 5ts1ernents'. give a true and fair view ofthe state of the dHritable (xynpany's affairs as at 31 March 2022 and ofthe tharitable D)mpany's net movement in lunds. Ir￿l￿ding the InC￿rne and eX￿ndItUre. for Ihe year Ihen ended,- have been propedy prepared in accordance with United ￿ngdoM Generally Accepted Accountiru Pradice.. and have been prepared in aCt0rdar￿ wilh the Nulreff￿nts ofthe Companies Act 20C6. Basis for opinion We conducted our audit in aCCordar￿e with Intemalional StandaTds on Audthng IUKI IISAS {UK)l and ap￿ICable law Our responsibilibes under those standards are further described in the Audrtorfs res[M)n￿bILltles for the audit of Ihe financial st8tements section of our report. We are independent of Ihe charitable company in accordan￿ wrth the ethical r￿uIreMeNtS that are relevant lo our audit of the financial statements in the UK, induding the FRC'S Eth￿?1 Slandard, and we have fuifjlled our other ethical responsibil￿.eS in aco)rdance with these reqUireMe￿t$. We belteve that Ihe audit evhlence we have obtained is sufficient and appropriate to prOV￿e a basis for ow opinion. Conelusion# relatiry to 90ing wncem In auditing the financial slalements, we have Cond￿ thal the Irustees. use of the going COn￿M basis of accounting in the preparation of Ihe finanual stalemenls is aF4)ropriate. Based on the Wofk we have perfomied. have mt identified any material uncerta4ities relating to events or conditions ihal, individually or Ix)Ilecbvdy. may casl significant doubt on the tharitable ¢x)mpany's ability lo conlinue as a goin9 Ix)ncem for a period of 8t least twelve rrK)nths from when tIE finan(ial statwnents are a￿￿15ed for issue. Our responsl)ilrfcies and the responsitM"Idies of Ihe trustees wlh TestEd lo going con￿rn are described in relevant sectK&ns of this Feport other infomiation The trustees are responsible for the othef inlorn)ation. The other information comprises the inforniation induded in Ihe Trusiee5' Annual Report. Our opinion on the financkAI statements does not cover the other inlom)abon and. except to the extent othe￿ise expliatly stated In our ieport, we do not express any lom) of assufarte condusion thefeon. In ¢xnnedion wih our audt of the financjal sialemenls, our respongbilty is lo read the other inlomwtion and. in d￿ng so. consider whether the other infomialion is materially inconsistent wth the finanaal stalemenis or our knowledge obtained in Ihe audit or otherwise appears to be materially misstated. If we Idenbfy suth mateftal inconsistenaes or apparenl material misstatements, we are requI￿d to determine whether there is a materkal misstatemènt In Ihe financ4al statements or a ma(erial misstatement ol the other infomation. If, based on the work we have perftsmied. we condude hat there is a malerial mi8statement of this other informalion. we are required to report that fact. Vve have nothin9 to teport in this regard. Opinion# on other rnatte￿ pre8¢ribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audrt". the inlormalion given In the Trustees. Annual Report (which indudes the strategic repoTI and the directors. report prepared for the purposes of company lawl for the finanoal year for whith Ihe finanaal sialements are prepared is consistent with the financial slalements., and the SIrateg￿ report and the diredors. re￿rt Ir￿￿ded within the Trustees, AJ)nud ReFx*l have been prepared in accordan with appI￿at￿8 18ga r8quiremenls. Mattèrs on which we are required to report by exception In the light ol the knowledge and understanding of the charitaNe company and its enwronment obtained in the course ol the auiliL we have not identified material misslalernents in the Trustees. Annual Report (which IrKorFX)rates the strategic report and Ihe direc#ors' report}. We have nothing to repTht in rtspe(a ofthe foll{￿7[¥j matte[5 in relalioFTr to which the Cornpanies Act 2CQ6 requires us lo report to you if, in our opinion.. adequate acttiunling records have ntrl been kept by the charitsbk company. or ￿turnS adequate for wr audit have nol been re￿ved frixn branches not vi￿ted by us". or the charitable company finanaal statements are not in agfeemenl the accounting reo)rds and retums,. or certain disd05ures of trustees. remunet31K)n speufied by law are not m￿je,. ot l3

8ERKSHIRE. BUCIUNGHAMSHIRE AND OXFORDSPllRE V￿LOuFE TRLIST INDEPENDEMf AUDITORS REPORT we h8¥e nol r8ceNèd all the infomiation and eX￿anatkjns we require for our audrt. Respon¥ibilitie$ of trustees for the financial statements As explained more fvlly in the trustees. responsibilibes statement sel oul on page 12, the Iruslees (who are also the directors ol the charilable (x)mp8ny for the purposes of ¢ompany law} are responsible for the pieparation of the financial statements and for being saiisfied that they give a true and fair view. and for suth intemal control as the trustees determine 15 nectrssary to enab￿ lh8 preparation of financial statements that are free from rnaterial misstalemenl, whether due to fraud or error. In preparing the financial statements. the twstèes are resFM)nsible for assessiro the charilable companls abilty to continue As a going concem, disclosing. as applicable, maiters related to going concem and ugng Ihe going con￿rn basis of aco)unting unless the trusteès either intend to liwidale the chgrtsble cofftpany or lo cease c4)erations. or have no realislic altern8tNe ixjt to do 60 Auditor's responsibilities for the audit of the financial statements Our objectives are to obiain rea$￿alle as5uiance about whether the fina￿la1 statèments as a whole are free from material misstatement, whether due to fraud or error. and to issue an audito¢s report that indudes our opinion Reasonable agsurance is a high level ol assurance, bul is not a guaranlee that an audil condLKted in wth ISAS IUKI will a￿vaYS detecl a mateTo1 misstatement when it exists. Misslalements Ggn arise from fraud or error and are wnsidered matetial il, indiv￿UallY or in the 8ggiégatè, they ctyjld reasonably be expected to influenc£ the eCOrK)m￿ decisions ol users taken on the bas￿ of these financial stgtemenls. Irregularities, induding fraLKI, are ￿sla[￿S of nOn-¢A)MpJian￿ with Laws and regulations. We design procedures in line with our responsibilities, outlined aiK)ve. to dete(a material misstateM￿tS in respect of irregularities, Ind￿Jing fraud_ The extent to which our procedures are capaNe of deiecling itregularib"es, Ir￿￿r￿￿ fraud is delailed bel¢)w'. Based on our understanding ol the charitatAe corTwany and the environment in whKh Èt operates, we considered the extent to wh￿h non-complian￿ mighl h8ve 8 rnateri81 effeu on the finanaal statements. We also ¢Onside￿d those laws and regulations th81 have a direct imp8¢t on the proparalion of the financial statements 5uth as Chariws Royal Charter, the Charities Act 2011, p8yro11 tax and sales tax. We evaluated mana9emenYs In￿n￿'ve$ and op1￿￿n￿.es for fra￿du￿nI marripulation of the finaKkal ststements (including the risk of override of contTolsl. ALJit pro￿ureS performed by the Èng8yÈment team induded.. Inspecting cOrreSp￿deNce wth regulato￿ ar￿ lax authoribes". Discussions with management induding consideration of krvwn or susp￿ted InStan￿S of non-(x)mpl1an￿ with laws and regulalion and tr8ud'. Evaluating managemenfs conlrols designed to prevent and deteci iTheguLartbes', Identrfying aThJ testing ioumals, in particularjoumal entries posted wilh unusual a￿OUnt combinations, poslings by unusual users or with unusual descriptions. and Challengln9 assumptions and judgements rn￿le by management In their crritscal awountirKJ estimates Because of the inherent limitations of ar7 audil. r3 a risk that we will not detecl al irregularities, Ind￿lIng those leadirYJ to a material misstatement in the financial statements or non-wmplk3nce wth regulation. This risk irtreases the more that complian ilh a law or regtl1al￿n is removed from the events and transactions refiecled in the finanoal statements. as we will be less likely to become aware of instances of non-u>Mp1kgn￿. The risk is also greater regaTdiny Irregularibes occurTing due lo fraud rather than errol. as traud involves intentional coTKealmenl, forgery. collusTrw, (xnÈ55K)n or miSrep￿senta￿"0n. A further dascription of our respcKw'￿lll￿s for the auth"t of the financhal slatemenis is kKated on the Finanual Reporting CouncAYs website al.. n$1￿li￿eS. This Ilexripliw foms patl ofour auditorfs rew)rt_ Use of our report This report is made solely to the thar￿table companls members, as a bcmty. in accoT(lance ¥￿th Chapter 3 of Part 16 olthe Companies Act 2006. Our audit work has been undertaken so that wè might state to the charitable cornpany's members those matters we are required to state lo thern in an Audrforfs ￿port and lor no other purFK)se. To Ihe fvlkst extent pettnilted by 18w, we do not accept or a5surne responsibility to anyone other than the charitable company and the charitaNe company's members, as a body. for our audit work, for this repart. or for the opinions we have fO￿￿ed. Richard Weaver (Senior S(aknlory Athlilor) For and on behalf of Haysmacantyrè LLP, Sialulory Auditor 10 Queen Street Pl&e London EC4R 1AG Dale.. 01 August 2022 14

BERKSHIR& BUCKINGHAAISHIiE AND OXFORDSHIRE Y￿LD￿FE TRUST STATEMENT OF FINANCIAL ACTIVITES IINCORPORATING THE INCO¥E AND EXPEN0￿uRE ACCOUNT) YEAR ENDED 31 MARCH 2022 Unrestrlct8d R•strl¢tsd Funds Total 2022 rooo ri#)0 Total 2021 £000 Funds rooD I￿oMe and endowmients from: Donations and legaGE5 DMions and legaryes frcffj iTrJwSuais embershp and ffmbership donations Grants and corporate donations OIIW trading activi1￿5 Inv6strnentS 1,091 22(X) 11r 2.764 3.IC 75 2.732 2,319 220 2,689 177 177 Charrt8bl8 actwities AgrFÈnvironmènt s¢hen grants Clher income 474 138 205 205 Total 72 Expendflure on.. Raising funds Costs ol generating dOnal￿1n5 8TrJ ￿980￿$ Donatitr)s ènd legacs Membsrship membetship donat￿$ Grants and cowrate donatiNs Co$ts of othertrading a￿￿￿eS Costs a550uated with iD¥estrnents CharilatAe aciwrtias 158 158 120 702 147 1>2 13? 434 23 Nature reserve5 TnanwJeTnent Wik11ife awareness and education Lookjng after tha wh1er countysNIè 2.759 1.671 1.418 2.205 1,824 978 1.443 228 Total 018 Net18xp8n(litur8yincome b8for8 investment gain8 13161 1,762 577 Nel gains on investments Net (ex￿ndituTe1nncorne TTansfer5 between lund5 154 297 874 11621 1.762 11.1811 1,600 Other rocognised gains- Actuarial gainslllossesl on defined benefft pwsion sch&7)es Net movement in funds 222 30 1,241 581 1A22 ReGon¢iliation of Funds: Total funds broU￿t forward 17 15.245 16.099 15.555 Total lunds carried forward The nel Surplus for the year. togelherwlh details of in(Jm8 and exFeThliture required by Ihe CompanEs Ad rnay be derive(l frc¥r net incomellexkEnditurel in Ihe Stalernenl of Fin3rKoI ACMES aix)ve. The notes on pag8s 18.33 forrn part of these accounts. The￿ were w recognEed gain5 I(ksses otherthan those shown In the above statement of FinanrJal A¢tSvitE$ All Iransion$ a￿ ¢JerNed from ￿n￿nu1￿j arthit& 15

8ERKSHIRE, BVCKINGHAMSHIRE AND OXFORDSHIRE ¥￿LouFE TRUST BALANCE SHEET YEAR ENDED 31 MARCH 2022 2022 tooo £￿)0 2021 £'ooo Note fo Fixed as$ets Tangible 8ssels Nature T￿eNe5 Investments- Pr¢Jperty Inveslment5- Lher 11 12 13 13 3.425 3,584 6,819 1.587 1.587 14.217 13.732 Current a$s¢ts Sto¢k$ Debtor5 Short lèm deposRs Cash at bank and in hand 32 1.142 762 1.655 3.591 14 1.102 2234 1,543 4.922 credito￿.. amounts falling dut vAthln ono year Net CUrrent￿sets 15 662 3.108 DÈfined bènefft p8nslon sch8mes liabllity Net assets 16 741 16.099 The funds ofthe Charity Unreslri¢ted funds Restricted funds 16.486 1.435 15.245 854 Total rhity funds 17 Appro¥8d and authoiised for tssue by ts Board olTrustees on 27 Juty 2022. on IheK tehaw by VOJ Ge¢xge Le￿y. Char G￿rne Thixnpson. Honorary Treasurer Company registrabon fftumbw lK￿(￿X)I IEng&nd and Wale51 16

BERKSHIRQ BUCKINGHAMSHIRE AND QXFORDSHIRE WILDUFE TRUST STATEMENT OF CASH FLOIIIS YEAR ENDED 31 MARCH 2022

)22 2021 £'OLVJ Cash Ilows from op8rating activities". Net cash provided by opefating a¢ti¥ities 401 Cash flows from investing aGlivilie5 Investyneni IntomÈ received ln 193 A¢qutsitK)n of investmertts Purchase of tsn9Ib￿ ffxed a55ets A¢qui%itK)n of naturè reseTves Pro￿8d$ from Nature ResÈrve compulsory purthase Prpc8ds from dtsposal of tangib￿ fixed a55ets Net cash used in investry &ti¥its Change in cash and cash equIva￿nts in Ihe year Cash and Cash equivalents al the beginnir¥J ofthe year Change in cash and cash 8qui¥aknlsdue lo 8xchar¥J8 rate mcfrmnwts Cash and wh equivaiertts at the ofthe year 1691 14901 1631 11561 21 1.360 2.417 391 2.026 3.777 NOTES TO THE CASH FLOW STATEMEKr al RecorKlllatlon of net Income to net cash Ilow Irom opernung acU¥lUes 2022 2021 roDO rooo Net I1n¢om8V&¥￿nd1*llrn Adlustments lor. Investrnent gair Depre¢K41ion Charges Investrnent in¢ l.WJO 874 11541 226 129n 245 117n 1331 1193) Profit on ￿te of asset5 Pr￿ed5 frorn Nature Reserve ccryL50ry purthase l1ncreaseyd￿r6ase In d8btors Ilncreaseydecfease In stock Increas8lldecr8asel In rx8ditors Increa5elldeGreasel in defir￿d ￿0$￿￿n ￿he￿ Ik4)ility Aduarial galnsllknssesl on defined benefrt pensK)n scheme Net cash Ius8d in) I provided by operatlrg adivitles 21 40 12611 1Tg 11851 353 401 bl Analy8is of ca8h aThJ cash equivalents 2022 2021 É'ooo £￿00 S￿rt terrn deposits Cash 2.234 762 1,655 3777 cl Analysis of changes In net debt At $tsrt of year Al end tsf year £'ooo 1.543 ash-l10￿% Cash 1.655 Cash equivaknts Tctsl 762 2.417 2.234 3.777 1.360 17

BERKSHIRE. BUCKINGHAMSHIRE AND OXFOROSHIRE V41LDUFE TRUST NOTES TO THE FINANCIAL STATEIENTS YEAR ENDED 31 MARCH 2022 1.1 Accounting Policiès lal General lThfoThation Berkshi￿. Buckiwharnshire and Oxtothre Wldlrfe f880￿ 1$ a tharital￿ (xxnpany limrted by gu¥ante8 incorporated in England atKI Wa￿$ Ico. nwther [￿68￿7) and wistered wth the Chanty Commwon (Chaniy R6gtstration rw). 204WI. Tht￿ Charitls registe Uff￿e ad(Ifess 15 The L(￿ge. 1 AnrtstroThJ Road. Lrtt￿ore, Oxford OX4 4XT. Ibl Basis of prtwatl¢)n finar￿131 slatÈmenls a￿ prepared under the hL5toiral cost convenknn as m(x1rfd to ¢ndL¥Je the rÈ¥alualion of investynenls at market valL. 8nd in accordance the Slatemenl of RecfXnrr￿nded PrH(thts for Charits ISORP 20151 and applKxble accounting standards IFRS 1021. BBowf meets th8 definitKn ofa publK berEft erlty under FRS 1tr2. 1¢) Exemption from p￿parIN￿ group accounts BBOWT has a wholly Own￿ Subs￿lary Futurè Nature Wtc Ltd IfNtrwty Ser¥Mx Linrtedl. In thp ojrrentyear the ccfflpany wa$ dLYm8nt. In the opIn￿n ofthe truslees the srLe arKI assets of tr sutsidiary uTKJert3knngs mean ihat the weSentat￿n of the c￿bired re5uk$ and fin8ncKg1 position in Consolidat￿ finarKial Suleff￿nLS is not mater￿1 forthe puttK)sè of giving a true and fair v￿W finanual statements present resuts and positw)n of Chartab￿ cthwny as a sry18 enlity and not as the gro￿. Idl Going Concem The Trustees consKlerthat th￿￿ ar& Do rnater1￿ uwrtainties r89ardirrfJ the chaws th.ify to o)ntr"n￿ as a 90in9 Gw1￿m. The Covh4-19 P￿LdeM￿ has had far reachiTrJ c0fj5equBntrs for UK tharits w8r the past years arKI infiabon s puiting pressure on expenditure bul the Trustees have assessed the possib￿ f￿anCIal Corwi￿nceS I￿the charity. They have undertÈkÈn a revw ofour 15-month eash flow f0￿caStIng thre￿arTinancial scenaih) ￿nTri￿. The Ttuses remain conM￿lthaI B80￿ isa going correm. l•) Income Sub5CriPtK)ns and from voluntary gfft5 and MdU￿ li Ihe accounts On a re￿1[￿ basB. Re5ttided projed Income is Included in accounts on the basis of amounts expended aThllor invoic&Jldaimed but not re(¥ed. Legacy incotrE i8 inrjuded when re￿Ipt is deemed lo be Pfobable and prebate has been granl•l_ In(x)w has been t￿ated as'defeff8d' where il relates lo an aciDIty taking pixe in the following finanaal year. ￿￿nD￿nt grants are x(J)utbted lorwhen receivablB, as lorwJ as th8r8 L8 evhjenca of entilbmenl, receipt is probaNe and its amount can te Trasur8d refiabty. IQ Government Grants (furlough Coveinment gr&nts ale a¢¢owiEed lor retyvable. as Img as fvre ￿ Wxler￿ 0fen1￿￿Ment. pr(￿lab￿ and ts amounl can meaSU￿d ￿11￿1￿. 191 ExFendlture All &xpenditure Is Induded on an accruaLs basis and Is re¢tsJntsed there a ￿gaI or ￿)nstruCtI1? oblHJalion lo pay Diredty attnbutabk expendrture 6 charged lo the cost of gentrahrvJ fuThls. tharilable actNitS or governan￿ costs a5 approprfale. Suppori costs Including governarKe costs. whKh are defir￿ a$ those ￿lS rw£ssary to delNer3n adNty butwhic do not constitute is QLttput, are alk)catAI to each heading on the basis of eslynated statrtrne. Governan¢e ¢osis are those wthich reTrale to the ger￿ra1 running ofthe charty rnther than fiJndrai5irvJ ordwitable adjvity. These Indud8 audit fEes. adv￿ for trL6tees and costs assLKk￿8d with conslrtulional and statutory wuirerrents. Ihl Temilnatlon paymonts Terminabon payments are xcounied for on ao XLyuais t)asts are tecoJnised wh8n there a ￿921 oi Constructive obligation tD Pay. Events Events are not intended to generate a SUFpIu5 ixrt are at raigThJ aware￿55 abwt ￿kI￿e.. t￿refore, I￿rre 15 Sh(￿￿ wilhin resources ¢hartyNe lolher In￿Jme1. Exp8rKlure on events is wfthin w1b￿lIe awareness arMI educabon. Volunte8r Groups BOW has a number of lorA grNps ofvolunieefs who carry out ¥￿JuS during lh8 year fftduling fvndraNng and undertaking serv8 manageryEnt on our natu￿ ￿SerVeS. Three of I￿se groups hokl Iheir ￿ bank actounts and rnana9e income and expenditure for the58 activitEs which is incorporated into the financk?I statements. Ikl Fixed assets and d8weciation Assets with a cost In extrss ofE5,Q(M) and with a useful lrfe exteedirg one year are cafftlEed on tre balance sheet. DepreGiab'on L8 calculated 50 85 to wiite off the cost of larmjible ftyed assets overthÈir exFeded useful econixnr INes. ThÈ principal annu81 rates and bases Sed for this purpose are mgl0rvehic￿S and reseNas eqUIr￿L- 25% redwng b8￿n Le$seholds- over per￿￿ of the ￿ase Conwutor and offtt ￿u1pmÈnt- 20% strah3ht I Freehold bu1￿1￿$ excludiw barns- 75 years str8vJht I Bams- 25 years 51raight line Capital addit￿nS lo bu1￿1n9$- 10 yèars stravjht FreebolLI Land- not depre¢ia 111 Nabjre Reserv85 Nature Reserwes that have been purchased by the ¢harfty have baw (3ptslsed al the s4￿chase cosL Nature Reseryes that have been donat￿ to the ¢harity have ￿en cgpitaltsed at the best estimate of o)sl had they been purchased by thè charity. Iml Investments All Investments are Stat￿ 91 t￿[ fair valuè at the balan￿ sheet date_ The lair value of invesiment prokErty ts assessed by m8n2gement al the nel present value of the future cash ffows asswatEd wlh rental ol the pr¢)p8rtES co￿erned. The fair value of 1nvestrr￿nl funds is their 18

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE y￿LD￿FE TRUST IIOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 market V￿￿e (bid pnLtl ¢orfjTrig to the furKI managets. strt￿￿nt of Athths i￿￿￿e$￿￿ r￿t g&ns and b55es arising on revaluat￿￿5 and Llisposals throwhout the year Inl Invg8bMonts In Idnl ven￿￿¢$ A ￿Int ¥enIu￿ is a ¢onlraclual arrangennl wlreby the thatity and Other part undertake an e￿n0M￿ ath¥rty that i8 subject lo control,. that ￿, when the stralegK fin3rKral ar￿ (yerating ¢JecEions relatsry to the rwuite the unarjimous consenl ofthe parties sharing control. Investments in pint venlures are ￿Easu￿j at C£￿ ss Ir¥bair￿￿￿l lo> St¢¢ks st￿ks are slated at the kwerdcost rEt rea115at vaL Ipl Gash at bank and in havKI Cash at bank and cash ￿ h3tvJ In￿￿e$ cash and short twm h¥Jhty W4uNI uNesbMntswith a short maturty ofthree months or ￿55 from the dale of aL¥uisilion ￿ openirrfJ of the (JepositorsimiL3r account Iq) Flnanclal Instrwnents diarrty has financpal assets arKJ finanual liabilthes of a kind that qualfy as bas￿ financial Instruments. Debtors. Short te￿ deposits and cash al bank aThl in haThl are rrasured at amount of cash LY c4her ￿ns¥jeratIOn exrÉced to te received and are not discounted Trade creditors are measured at amounl of cash or other conshJeralMs expected to bo pa.hj and are nc< dEcounted In¥estrnenl funds are measured al fair value in accordan￿ with the acctyJntirvJ p)Iw ￿ invesknnts. If) Crodltors and provi$lons C￿￿110￿ and provi5K)n5 we recogntsed %￿ere the tharity h35 a present &)bgthn osuhL'ng fr(Mn a past event that probably resutt in the transf8r offunds to a third paty aThJ the ￿OUnt due to 5ett obl¥Jation can LE measured orestirnaled reliably. 1$) Fund a¢¢ountsng un￿SIn￿￿ funds ¢onwns¢ awmuk1￿ $utpluses and Ort general funds Thty a￿ availa￿e for use atlhe dscretron of the Trustee5 in furtherafjce of the genefal chaiitsble objeclwes Dpsgnateil funds are unrestr&knJ futmjs eattnarked by Trustees for a specific purpose. ReStr￿ted Incom8 and endvhTnent funds a￿ fvnds sut¥edto spectk resirKteLI crrfyJ￿ns imw5ed by Ihe donoB and furttrÈr explanabons or the nabjre and purpose ofeach fijnd i8 ￿dL#led in Note 17. End￿￿K￿nI fuods represent cJkMlal tthr than revenue funds. It) Employe8 Beneflts Short t8rm I￿[Jo￿ls. Short term benefits, induding holKkn arwj thr$￿ilar IKXH￿r￿tsry bwEfts are rec￿n￿e￿ as an expe￿ In th8 penod in whith the service 15 Tecewed. The charty operates a ttefined eonlrtulion scheme administered by A¥pda. The wnthbubons are recogni5eLI as an expwse when they fal due. asset5 of the pension plan a￿ hekl separatety from the tharty ui inderThlently admintsiered funds. Defingdbenefitpen&u) The charty operates defined trEnefrt [erts￿n ¥Chen￿ beirbj the Royal Courtyof BerkshirE Pension ScherT% IRCBPS The Royal Cowilyof8&rkshirn PÈnsNon Scheme IRC8PSJ' The liability recagnised in Ihe tsala￿￿ sheet ￿ res[￿1 of the dèfr[￿ bweffl pension is the pres8nl ¥alu& of the defined benefit oblKJaliw at Ihe end of the reportsrvJ dai ￿$$the fairvalL olthe schen assets the repfAI)g date. The defined benefit obligation is calcui4ted uwng the prOj￿1￿J uni(credit rVEth￿j by the ScherYE'S ￿￿aries. The p￿Sen1 value is detemined by dLwunling the e81inaied fvture payments usiThJ market yÈkts hi9h qua¥ty cwrate tR)Th1s that are dencwnifjated in Slertng and lfvat hav616nns approxinating tho estThabl perk)d ol the lthjre I"dw>unt ratel. fairvalue ofthe xheme ￿et5 ts ttEasut&l in the FRS 102 lair value hErarthy ano In¢Judes the of appropr￿18 valualb)n lechnwues. Actuarial gain5 and losse5 arising from experience adju51rnenls changes in actuatial assutnptions ats tharged or credited lo other compr£hensv8 incorne. These a[r￿￿nIS together with Ihe tpturn on plan asse15. ￿55 arr￿Unts indud&l in nel interest, dTsdosed as .￿Ctuar￿al gainsllbssesl on deffin￿ benefrt pension liabirty". The (xyJt ofthe defined be￿fft Is rgcLyJnEed in Ihe SOFA as wnployee costs and corypri50S I￿￿#$t In pension ￿ne[rt abilty ansing from 8tiipbyee seryice duriThJ the year." and the cost of plan Introductions. be￿fil change5, Curtailments and setllemen&. e nei inteiest cost LS caleulaled by apptying the dtscounl rale to the rEI balarKe of me defined benefft oblNJation and the fair value of the gcheme assets. The cost is recognised in the SOFAwttlMn 51aff pensK)n costs. Dela& of Ihe scheff assets and liabilitses and major assumptions ar8 shown in Note 1qcl. lul Foreign currency translation The charty's functional and presentation C#Jfrency Is sterfl￿. Monetsry assets and Ikqbilts denominaled in foreign ￿[rents¢$ a translated Into erlin9 at Ihe rates of exchange ftjling at the bala￿ sheet de_ Transactx)ns in forevJn currencles are rewrded atthe rate rulirvj at the date of the trartsacion. Am ￿rffe￿n￿ ￿ tewgntsed ￿ Ihe SOF Iv) L•a$8d assets Rental payrfftnl$ un(Ser operating ￿ase5 s￿ charged to Ihe SOFArm a stra￿]hl-￿"ne basi5 tr4er term of lease. 19

BERKSHIRE, BUCKINGHAMSHFRE AND OXFORDSPMRE y￿LOuF£ TRUST NOTES TO THE FINANCIAL STATEIIENTS YEAR ENDED 31 htARCH 2022 1.2 Cyltlcaj accounting I￿lgaments and e5timaiBS In preparing these finanaal stalemenls. management h3s made jutjgements. estimates and assumptions th81 affect the application of the eharty's accounting policE5 and Ihe reported assets. IKgbilrtti. and expenditure and the dtsck)sures made in the financial stslernents. Estimates and judgements are continually evaluated and a￿ based on hi￿orts1 expe[￿￿ ¥rKJ othÈr facots. inrknirvJ expectatwts offulure events that are believed lo be ieasonable undei the CIr￿M$18nce$ areas subject io I￿ge￿nt and estnnation a￿ as folkrw> DefineLI benefrt pensvjn scheme fkgbilitses BB0￿ has oblwations io pay pertsKin berfits to certain empk)yees. The c05t oflhese bgneffts and the present value ol the ob￿gat￿rt depend on a numbÈr of fadots. irKluding lrfe expettanLy. salary weases.. asset valLratiorks'. and the dis¢ount rate on co￿Orate bonds Management esbmales these facaors ￿ (selet￿nIng rt pen$K)n Qbtsga￿n in baLqnce shaet as alvEed by an Independent actuarial adviser. TrÈ assumptsons r¢fie(t hstoti¢al expenerKe #t￿ current trends. Inve5bnent Properties. fair value of Miv&tment propÈrty ha$ been e51wn3￿ on of nèt present value ofdiscounted c85h flows over a peri(KJ of 30 yÈats. The Caltulat￿n of net present value wuirES the use ofassumptr'on5 such as discount rale and futu￿ incxjmes and costs. The amounts re￿niSed In these accounts have been estimat￿ by managennt based on the fvtUTe p&ns of the ¢harfty. These (8l¢ulabons a￿ su&t lo tevvw and re￿510￿ ateaL re￿rtIng date ￿ crfdeito measure any thanges in fairvalue of thB Iwesbnwrt propertie5. 2. DONATIONS AND LEGACIES 2022 2021 Di>nation$ Legac 292 647 939 22fy3 The receipt of a IsJacy i5 recognised when rt Is [￿bab￿ that rt ￿11 te rerthl and thwe has teen a grant of Probate And any conditkins attached to the legacy are either wlhin the cenlrd olthe T{￿81 or have been rrw. 3. GRANTS AND CORPORATE DONATIONS 2021 Char5table trusts Local authofils )Vern￿￿nt Grarrt- fvrfough Companies Grant making bodBs 744 743 343 35 4. INVESTMENT INCOME 22 h1&￿$t re¢elvabk on ¢ash d&w$liS Dividends and interest en listed Invastmerts Renewable energy Rent from investment preparty 48 16 177 S. NET MOVEAIENT IN FUNDS 2022 rooo 20 The net movertEnt in fu￿5 is amved al aftercharyiro." Depretiaknon and amorttsaiion Audilorfs remuneration- audit 0[￿ratIng ￿ase fenlaL5 243 15 20

BERKSHIRE, 8LICKINGHAMSHIRE AND OXFORDSHIRE V4ILDUFE TRUST NOTES TO THE FINANCIAL STATEIAEKrs YEAR ENDED 31 AIARCH 2022 6. STAFF NUM8ERS AND COSTS 2022 2021 Staff costs Wages and salar National Insurance Costs Pension Costs 2.931 2,803 234 163 There were no reduThJ8ncy payments made, but Or￿ terrrdftalh?n PayTrenl of £11.566. In 2W21 8 reduTrJaKies rnade. wth ytnenis iolallinu £8,818.88 aTh1 one terminalN)n payment of £9.OL)). One ern￿OYee retsived tolaT employee ténefits lexdthjing ￿￿0Yer penwn c05ts1 of beiween É9J,0L￿> and £100,￿0 during the year. two Iween £60.IXIO arms £70.CW. (One eryk)yee bewn £80.0(M) and £85.W) 202￿211. Key management personrl numterseven peop￿ aThJthewtLal c(ryensation (Ind￿ty emthrs, Nl and c¢ntrbutKYtsI was £443k12D20f21 £384k and $ix aft). The averdge number oferfybyaes cJlated on a fulmine equivaknf basi%. anaty5ed byf￿￿tion. was.. 2022 Unrestricttd 57 25 2022 2022 2021 Restricted Tota UnrestriGted 2021 2021 Yotal Rtsstritted Chariiablo adwrt Generating fund5 Support, mJnagerynt and adrrinistsab.on 25 13 101 21 15 92 21 15 98 The averwJe rnonthty number of employees ￿ a heacktyjnt basts was 1361137 ￿ 202tYd11. 7. TRUSTEES. REIMBURSED EXPENSES AND RELATED PARTY TRANSACTIONS During the year 2021122 no travd expenses were inuJrred by ovr Tr￿lee$. 1202(W21 the value was £ni11. No TDJstws were remunerated or, eceived b8nefil from an emp￿Yn￿OI with B80W. During the year 2020121 no related part￿$ were engJed by BB0￿ 12019120 no re￿Ied p3rts were eThJagedl. Robust mea5ure5 are in pl8C to ensure that any Trustee conllicts of inter8sI ar8 managed ￿ actordance with Chariy CorrYntssKsn GuNlance ICC111 and in Ine wrth the organisationsArtK￿ of A5wation. . EXPENDITURE N)teto Support Costs Dire¢t Activityes 2022 2021 Total Total Costs of raising furKIs Costs ofgenerating donation5 and ￿gaCS DOnat￿nS and kgacies Membership and menershy donalioThs Grants cx)rporale donath)Ths Other trading activities Cost of good5 sokl lftvÈsbn8nt costs rooo r(#Jo £'ooo 119 158 120 702 147 91 104 132 719 165 28 charits￿e activities Nature ￿se[ve5 fflanagnent life 8wareness and eduGabon Looking afterthe wbrcountry5hYe 321 318 2.759 1.671 2,205 1,824 978 i.J53 1.328 6.974 1.052 6,438 21

8ERKSHIRQ BUCKINGHAMSHIRE AND OXFORDSHIRE W4lLDUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 WIRCH 2022 9. GOVERNANCE COSTS 2022 Total 3021 Totsl ALKlito¢s rernunerat￿n Legal and professional fEes Staff costs 15 17 21 A11o¢atK>n of Rswf L Other ex￿￿Se5 13 13 10. SUPPORT COSTS Fina￿8 Human Offi¢e Alanagement Qjwrnance & Legal ResourcvJ SUp￿rt 202Z 21121 Total Total ptwjo rooo rooo Costs of raising funds Cost5 Qfgenerating donations & gacies Donat￿￿ 8TrJ ￿9a￿Es M￿be￿hiP & membership dw•uons Grants & coiporate donat￿￿$ Olher Iraéing actnirtvas Charita￿e activit 31 91 18 37 165 116 Nature res£￿e5 manrfemènt kllrf8 wareness and education 18 16 321 315 2Q7 18 16 318 Looking alter the widar countrySkY8 54 52 1.052 1 W23 All noTTr4iredty attributable costs are allocated to the bags ofstaff nUrnL￿ invofved ￿ each athlty. 11. TANGIBLE FIXEO ASSETS Freehold L6a5ehold Land a￿1 Land and lkntor Reserves OffKe Bulldlngs Building5 Veh Equipment £.0(￿* Equipment Total OST Al 01 April 2021 Addibons 1,750 3.512 495 77 6.327 69 31 31 DISp￿alS At 31 March 2022 32 1.750 492 DEPRECIATION At 01 April 2021 Charge for year E1irnin3l￿j on disposal Al 31 March 2022 1.378 120 2,743 226 52 24 31 5$$ 391 74 75 NET BOOK VALUE Al 01 April 2021 1.246 2.134 Ico 3.584 Al 31 March 2022 1.194 2.021 22

BERKSHIRE. BUCKINGHAAISHIRE AND OXFORDSHIRE W•lLOUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2022 12. NATURE RESERVES Toiaj COST At 01 April 2021 Addit￿nS 6.573 6.825 4￿1 Oisposalsladiusthnts At 31 March 2022 252 DEPRECIATION At 01 Apiil 2021 Charge for year Al 31 March 2022 NET B￿￿ VALUE Al 01 Ayil 2021 Al 31 March 2022 246 6.819 246 Nature reserves owned fre0h0￿ by the Tnjst rx)ver 1339 h￿￿re The totsl a￿8 of natts￿ reserves Under8green￿llts OT ￿aSed is 1361 he{￿a￿S. 13. INVESTMENTS Listed Investhjents Pr¢)￿¢ Tolal Irw•5tmgrrf5 Market ValuE Market Value Markeivaluo At Cost £'ooo £'oc 1,742 1.1￿2 Inv881mont Pr￿rtY Al Cost rooo 1.138 Totsl At Cost £'ooo 2.320 Al 1 April 2021 Inveskn8nts aequired in year Unrealised gains in year Al 31 March 2022 154 154 1.587 1.182 1,138 2,320 The Tmstees have continwl to Ènsure the investrnent stsaiegy delNers Ihe best retum forthe Trust whi&t makmg Inv88tm8nts that fil wlh our tharitabb purpose. The Tw5t hdd Investsnent portfol￿5 Wrth CCLA. the larger of tK>1£1.649k at matketva1￿I rep￿sents some restricted and general funds, ¥+hilst the SMal￿r of Ihe two has the solè purpose of Pi0Vk1ing for any potential future pension liabilities arisiw from the transfer ofstaNfrom West 8ethshire Counrjl. Any ino)ff related 10 ths portfolio ts reinvested. Th& chty own$ the 2 oftjinary £1 Sha￿ in Futu￿ Natu￿ wrc Ltd Ifotmaity krTr(Y￿ as Bethstsire. BU(￿￿haMshi￿ and Oxfordshire Wildlrfe Services Ltdl. its wholly Own￿ 5ubswJiary %￿h￿h ha¢J been Lk>tmant Sin￿ 2005.11 i% a private limited ctynpany in¢orporaled in EwLqnd & Wales (company registrat￿ nurnber 026487281 BBOWT has lo operate an ￿￿cgIcal consUna￿Y setvice. tradin9 und8r trTe brarKJ of Future Nature but to * have not yel made the de(ison to Ihi8 yratK¥n into the separate tpding subsi15kqry. 14. DEBTORS 2022 2021 D8blors Accrued Incom8 Gift Gloit Recoverab￿ VAT Prepayments WBC PensK)n tr￿m￿ty Loan to joint venture 171 436 149 142 102 101 207 207 35 Yo￿ lojoint venture It￿te5 to awrK)unts towklkle FUrKl[a￿￿g (Centrall Lld arkj was rEpaiJ in Ivll in FeLuary 2Q2 as detai*d in Note 22 to the accounts The WBC Pens￿nS Indemnity of £207.OCrf)12020r21.. £207,(￿) LS r￿0Verable more ihan a year after 31 March 2022. This would only be actNa18d in the event that ￿nS￿)rt scheme Ikqlmlty tecame payab￿ aTh1 there was a I￿?bIlty ￿ the scheme at thai wint 23

BERKSHIRE. BUCKINGHAMSHIRE AND OXFORDSHIRE VILDUFE TRUST NOTES TO THE FINANCIAL STATEMEiirs YEAR ENDED 31 MARCH 2022 15. CREDITORS: Amoumfs FALLING DUE virrHIN ONE YEAR 2022 2021 rty)o £000 217 163 Trale Gredilers Accruals and Deferred In¢omÈ Other PenS￿rt Payments Other T¥xe5 &ial s￿rty 41 67 15b COnt5n￿￿t Llabllity The tharrty pre¥iousty partiupated in the defin￿ wtion orthe Wikjlrfe Trusts Pen5K>n a muttiefflployer pension seh8me DuriNJ the year ended 31 March 2022. the Trustees ofthe charty yÈ aware oFa potentral i55ue telating to thL4 scheme. A detailed investigation Is cuirÈnUy underw8y lo lablish the exlenl to whKth this coukj resuk in financial14ibility lo BBowf arx1 other partiupaling Èmployers. As il is not possible lo reliabty eslirnale the ¥ue of any FNAentkal liablty. rn pro¥w)n has been rnade for IhL% in Ihe f￿aDUal 5￿t￿￿nts. 16. PENSION COSTS The Chanty orrat8s h¥0 pens￿￿ affang&TEnts as outh"n&J bekw. on BBowf uses Avwa aThJ contributpjns lo the Schw￿ are recc#)ni5ed as ex￿ndIu[8 in the ¥counts when they fal due. The Ikqknlty of the chaity in re5pert orthis scheme is Iimrted to an obligation to make paY￿￿[S when they fall due. é chanty has 8 nuffber of empbyees %¥tto a￿ pathpants in Ihe Royal County of Beth$h1￿ defined be￿ffl, muttimpbyer, pension 5cherne. s¢heme is closed lo new entrants. atthough wne staff who tsansferred empioynEDt to BB0￿ West Berkshire Counol but who are not merTth)ers retain the rwJht to )￿n the sCr￿e whKh k5 COotra￿ outof the 4ate S￿nd p8nson. At the point of transfer, a notional fuThJ within the Royal Cwnty of Bèkshife penS￿n fund was establiEh2d The valLE oftht5 fund was detemined by an actuary in accordance wth the approach set out In the pension fut￿ 8dmtssion WI￿. whereby the value of th& notion818ssets Wtt￿ equal lo the Val￿ of the liabi1rt￿s, cakulaled on an ongoirvJ lundfftg basis. Thi% ba￿ ig Used lo ensuts Savel of ongoing contributions Is SUff￿￿nI tts meet fLrture benefit payments and those cont[kn￿ltins afe shtr•m as expenditure w¢hin the Statement of FInar￿la1 ActiwlES. The liability al the point of Iransfer was vabjed al £207,(MJ) whKh 1$ Shown With￿ RestrKled I￿rrE FurKs bet2use. under the tetm$ of th8 agreerTEnl with West Betkshre Council. the has BB0￿ agairtst ths funding defiLiI In the 2019120 financial statements a prior year adjust￿Ent has been Vnp￿mented In order lo ￿￿}Se the adual indpmnty abngside the ￿"abl1￿ rtsewwlhin tlÈ reslrKtsd funds See Note 23 forfijtherdelats A full actuarial valualion of Ihis fund was carr￿d out at 31 Marth ￿13 and each year 5Ttr. in accordance with FRS 102 The di8closure a$ at 31 March 2022 now shows Ihal the defi￿ 5tand$ ai £556k. The moven)ent B shown as a Ir3n5fer fiom Unrestr￿tWj funds as I has arisen since the dai& oftransfer of the employees lo 8B01￿ Under the terms ol the ￿$1 BerkshKe Grant Agre￿ent. BBowf are reqUI￿d to d&signate a sum of morw to cover any failur8 to meet our finan031 obluaiH)ns 10 the pensKin fund. This"￿ent￿)n 3rn0unf has been inve5t&Y wrth CCLA and is kjentified as • DeswJnaied Fund in th8 fiJnds statement loote 171- Balance sheet position a$ at 31$t Mar¢h 2022 2021 Fair value of plan asse15 Present value offunded oNigk)n$ Net liabilty 1.170 1.042 1.783 741 24

BERKSHIRE BUCKINGHAMSHIRE AND OXFOROSHIRE v￿LDuFE TRUST NOTES TO THE FINANCIAL STATEAIENTS YEAR ENDED 31 klARCH 2022 16. PENSION COSTS (Royal County of Berkshire Pension Fund ¢onlirndl Impaci on Stztèmènt ol Financial Acti¥iti85 lor the year to 315t March 2022 2021 Ser¥￿e (xjst Net inttriest on the defined habifity AdtnIni51rat￿n expen5e5 T￿1 anount charged witlu'n irK¢rrElexperKJriure Actuarial Igains)Aosse8 Total chargellcreditl lo Stat&)￿l of FInanC￿Ar¥￿S 32 14 42 372 Actual roturn on sthemeassets 142 118 Reconciliation of movemonts in the defin8d benefft obligaion 2022 Defined benefft O￿lga.0ft at 1 Current seThice cost 1,783 1.321 ConirlbuDons by scheme part￿p￿ts Charye in ¢Jermgraphic a55ufTVtion$ Experience lossjlgainl on {Jefin￿ benefft Ob￿￿1￿)N Estimated benefrts paKi net of transfer5 Past seM¢£ costs, Ind￿Jir￿a Curt8￿mants Interest mst Chawe in financial assurylM)ns Ofyfined benefil oljwation at 31 Mar¢h 1131 31 io 1.726 Reconcillatlon of movements in the fair value of fvnd assets 2022 20 Fair Value of Scherr assets at 1 April Intsiest on assets 21 1X Relum on assets less ￿terest other actuarial gainslllossasl Administration exrnses Conlribvtk?ns by ernpknyer Contributions by stherrE part￿pants Estimated terefrts paid plus unlunded net ol transfers Fair value of st￿M￿ asstts at 31 Mare 17 19 1.170 1.042 The major ¢atsgories of plan assets at 31 March **re as follows.. 2022 2022 20 2021 727 189 140 24 624 170 129 Other Bonds Property C88h T•rgel Return Portfolo Commodities Infrdsliuctuie Longevity Insuiance 16% 16% 12¥ 5% 4% 143 12% 5% B% 57 100% 25

BERKSHIRQ BUCKINGHAMSHIRE AND OXFOR05HIRE VdlLDUFE TRLIST NOTES TO THE FINANCIAL sTATEAETr￿s YEAR ENDED 31 MARCH 2022 16. PENSION COSTS IRoy County of Be￿$b￿re Penslon FuThJ Cont1r￿dI The major assumptions ofthe aduary al 31st Marth werE". CPI Increases Salary Increa50S Pension Increases Diswunt Rate 2022 3.2% 42% 20 2.9% 3.9% 26% Ass￿e4 life e¥p￿tancIeS al aje 65 are". Retirirtg t￿laY Males Females Retiring in 20￿￿5 Males Femafes 2022 21.3 20 21.2 23.9 25.4 2022 2021 The tot4 liability for deffi￿ pen￿)n schemes is ¥ lolows: Royal County of Berkshire Pension Fund- UnrestrLt•J Income FuThJ Royal County of Berkshire Pens￿ Fund- RestrKted Ir￿&￿e FUTh 534 207 207 26

BERKSHIRQ BUCKINGHAIISHIRE ANO OXFORDSHIRE IVILDUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENoeD 31 IAARCH 2022 17. MOVEMENT IN FUNDS Asat1 April 21 Incoming Resource5 R8cognlsed Transfe Resourc8S Expended Galn I (Lossl (note 211 r(K)o É'ooo Asat31 March 22 r￿)0 21 111 Unrestritted Incom¢ Funds General D&signated. FA4 & InYestnfftt PropErty D&svJnated- Natur8 ReseThes De5vJnated- Prqect Oevekipn￿nl Designated- Strategic DeveIJFMr￿nI Designated- Fixed Asset Inv8thnt Designated-WBC PensK)n West 8erkshire Pension Reserye 3.180 5,765 6.819 5.692 15.7051 12261 128 3,633 5.012 7,309 74 73 1401 250 510 247 222 1111 R08trict8d Income FuTrJs RèstTicled Prqects West 8ed(shire Pension Indemnty West geVrt5hire Pension Reserve 3.780 12.0181 1.435 018 Total Funds 376 Asat1 Aprfl 20 I￿r￿In￿ Resources Recognised TTW15fers sÈatÈd Resource5 Expended Gain I ILoss1 (note 211 ro Asat Marth 21 £'ooo 111 Unre8trfcted Incom& Funds General Desi9naled- FAS & Inveslrnenl Property Designated- Naiure ReseNes Designated- Project D￿elOp￿nt Desgnated- WBC Pens tksgn8ted. WBC Pens Wesl 8erkshire Pension Reserye 1585 5.347 6.704 102 5.052 15.0121 12451 254 301 3,180 5.165 6,819 178 221 534 TT1 1111 Restricted Income Fund5 Restricted ProFcts Wesl Berkshire Pension Indemnity Wesl Berkshire Pension Reserve 11.15BI 17711 Z07 207 771 Total Funds 15.555 6.438 33 111 Unfystri¢ted IrKom& Fun(ts Designated- Projed OevelopmEnl Fund. Th15 Fut￿ rs to FmKle foi speofic INe restTKted projects which reqUire'Matth￿ funding. frrxn eBOv￿5 own reseNes to ¢tXy4)￿le. Th$ turKI rel￿dS Ihe sum tolal of these i￿1￿4dUal althatiorB. 08signat8d- StrntegK Development Fund The pu￿Se of th￿ fund 15 lo provide Se￿ funding for new lnrt￿fves or prcgrammes. as well as fi￿aD￿ng for strategic opportunities for BB0￿ we a￿ Unab￿ to S￿re sufficxent external finanung to ￿rI￿n￿nCe. D¢sign81ed- Fixed Asset InvestrrEnt. Th￿ relatesto underspertd on ourfryed asset twiJet wll be Carr￿ ￿er inio th8 ￿Xtyear and sperKI on spe¢ffi¢ itwn$. 27

8ERKSHIRE. BUCKINGHAMSHIRE AND OXFORDSHIRE VALDUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 17. MOVEMENT OM FUNDS l¢0ntyn￿d1 VYBC Pen￿0￿. funds sel a$￿e undei requiremenls ofthe agreen%nt wth INest Berk5hyti Cothc41 lo meet ￿nsIon fund (knIgat￿n$. The variation in value refiects inVeStr￿￿t gainwloss on th6 sp￿¢ fund. 11è518erkshire Pen&w Rese￿e. this ￿p￿entS Ihe ryK)vYnt in the FRS102 fund Valuab"C￿ since the point of transfer of staft fr¢yn the counol January 2014 (see Note 16cl. 1111 Restricted Income Funds RestrttedProie¢ts. rÈpresent$ the balar￿ offvnds hekl forpTcpd5 frjnded frm restrthd Anatys"s oftheselunds i$ sh￿n n Note 17b We5t8ethshI￿ PeAisvn Rpxrve 8 KtrstB8thsth Pension lThJemThtr. the Pewon Reserve. represenis the FRS102 liability atthe point of transfer ofstaff from Ibe couwl In January 2014 and t￿.Pe￿n Indemnty, represertsthe irthmnty rrfowded by Tr￿￿$t Berkshire Council to BOWT lo cx)veF this Ikqbrfity. 17 Ibl Anatysi5 of R8strlct8d Funds In¢￿Ing RewurGès Transfers 1 April 21 Resour¢os Expenrltd lili} 31 March 22 rLK)O £'ooo Significant Projects Badger vaccinahon Defr8 funded Bernwood. Otmoor Ray feasibilty Study Carbon Footprint Catthmenl- Cherwell Dan¢eisend celebraknon R£4hsehlbJ Dormouse MitigalKsn ￿ndtsrd Wwd Eryaying N31ure Habftal banking Sche￿￿- IRF Haymill VaNey Hedgerow Havèns Hosehill Lake CIL ￿proven￿nts lffiey Méadows management Kinlbury Newt PonLIs Land Fund re5tri(a¢d Lelcomb8 Valley Ludgpr5hall Meadows Land Pur<ase Mead¢M Farm thpwells Railtrad Nature's Vision for Ox-cam Corrkkn NOC lake re51oralion Oxon Wildlrfe Sites Photography exhibit￿￿ Prxey Mead Rivermead Rough around the Edges SCEEC- Ed Warburg Nature Reserve Wardening & Aecess CIL funded Wardening Greenharn ComrTK)n W Betks Council latKJ management l)1 EG Chwnney Meadows Wild and Free bu[Sa￿e$ Wild Banbury Wild Bicesler Wild Verges W1￿M(￿l Heath BoaTrMlk Woodla￿￿ Wonders of Moor Cortse STnaller fi1ndit￿ Ifi) Cross county Cross county Cross county Oxon BuLs Jcks 10 io f5 41 {51 10 120} 181 (21 161 1251 35 102 16 213 14 53 Cross eounty 145 18 Bucks 1351 1101 Isi io Oxon 23 18 Cross county Oxon BuLs Bu¢ks Oxon 451 451 192 24 193 524 1101 12) 149]) 24 71 27 (211 1221 175 175 Bu(s 27 15 178 113 161 178 1921 Beiks Oxon Cro$s (x)unty 14651 1131 1101 1,374 11.3611 (91 {81 121 1281 {541 13 15 Bucks 1221 1141 12 erks eerk5 12 62 14 143) 63 1401 42 lil West Beths Covnul Land Management- B80WT rer£Nes an annual grant in foi the managementojsts of ￿rtaiN srtes. Iiil Small funding is a surnmary of those byith adivity IineoN*, eX￿en￿lU￿ or balarKesl bel¢M f10.000 liiil Transfers recDJnise the fundwy of unrestrK￿ ¢ore work by restrirAed grants or donabtsns and a￿ anatysed in rnore deiail within note 21.

8ERKSHIRE. BVCKINGHAMSHIRE AND OXFORDSHIRE WILDLFE TRUST NOTES TO THE FINANCIAL sTATE￿NTs YEAR ENDED 31 IAARCH 2022 17. MOVEMENf ON FUNDS Icortinuedl 2020121 As at ITh¢(￿￿9 Resourc88 Tr￿￿fe 1 April 20 R6souY¢88 ExpeThJ¢d roLW) Slgniflcant Projects 31 March 21 rooo £'oc4J 1361 1641 Am£x)tt Bridge MeadrI•￿ ￿nd purchase Ash dieback appèal Badger vacanat￿n program Catchment- c￿￿well Catchfflent- Wndrush Chimry Meadows Bird h Engaging Nature H8dgtrow Havens HLF Covid Support If[￿Y MÈadows Inveslbi le Land8CAP8S ntbury Newt Ponds Lands￿pe Connections Let￿rnbe Val￿Y Nature Diswvtry Centr8 ￿ke wtorats.on INI Ox-cam Corlldor Oxon ￿ld1118 Stss Photography exhibitio Pixey IAead land purchase Rivermead Nature Park ResteratJn Rtsugh around the Edges SCEEC Thatnes Water COV￿ Support W Berks Council manag￿ent (Il Wardening for Greenham Convnon Chimney Mead¢)ws ¥Yetland rest0B￿n Wild & Free education fiJrKJing Id Clxford li¥) Wild Banbury WI1# Bic8Ster STDalkrfunding lill Jfs 14 15 (141 (741 18 &Jths (541 12391 161 31 239 Oxon 28 (81 18 18 Bucs Qrton 15 (151 193 71 23 27 Oxon Oxon (21 01 19 Oxon Oxon 161 161 1171 1731 175 22 23 15 161 Oxon 131 14541 37 602 (231 1588 Oxon {141 31 Oxon Oxon Oxon (391 16 32 73 74 820 54 1,158 45 lil West Betks Cwncil Land •Aana9ement- BBOWT rKeNes an anNal granl in forth8 rnan￿e[￿tCQ$ts of certain ste5. lill Small fUnd￿g is a surmiary ofth05e wlh acIN￿l lincrm. exFend1U￿ or bakin￿) fRky£10,Q￿). liiil Transfers recognise the funding of unr8StThXed Core work by reStr￿ted grants or don8t*)ns and are 8natysed in more detail wthin note 21. INI There was one transfer be￿88n restricled furM15, ourfunder agreeirpJ to transfer furKJing from the (Ixford prciect lo Ihe NOC lakes toration project folk)w¥ig issues in ttJAfinnMvJ theelKJkn"lrty ofthe Oxford works for thi8 path￿￿TfUnd1ng Stream. 29

BERKSHIRE. BUCKINGHAMSHIRE AND OXFORDSHIRE Y•1LDUFE TRUST MOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 18. ANALYSIS OF NET ASSVS BEf¥￿EN FUNDS Unrestrfcted R88tricted Totsl Unrestricied Restricted Funds F￿r￿S Fun115 FL￿d$ Funds 2022 2022 2021 ro(NJ rooo ewo 3.425 Totsl Funds 2021 £'ooo 3.584 6,819 3.329 3J84 14831 207 741 2022 2021 £'o 3,584 6.819 3,329 2.530 1483 Fixed Assets Nature R95etves Investments CUr￿n1 Assets Currertl LIabil￿e8 Long Tem Assets Long Tetrn Liabilitles 3.425 3,483 3.280 16621 3.483 4,715 16621 207 207 207 1435 17¥21 16099 19. QPERATING LEASE COMMITMENTS Al 31st March 2022 fillu￿ mnHnum renta15 Payab￿ n ￿5[￿Of￿0n-¢an￿1L¥j1È operatw kases %we' 2022 ¢)ffi¢a Equipment 2021 Oflice Equiprnènt Minirwm kase rentaL8 fallirvj due in. less than on8 year between iwo anrj fiye years Total cornrnitrneni 39 65 82 There were no ￿aSe wtal £•)mltff￿IS to d￿c￿Se as kssoras at 31st Marth 2021 20. CAPITAL COMMITMENTS There were no tAprtal commrt￿ntS as at 31st Marth 2022. 21. TRANSFERS Tiansfets ￿leen each category of furKJs are shown ￿1¢1 Unrestricted Restrfj¢t Funds Fund5 r￿0 rotrf) al Transfers: ￿$t￿ted io core 1.181 1.181 al Some cere unre5tnGled a¢bvit*S are fvnded by restricted 9rants and donalK)r 30

BERKSHIRE, BUCKINGHAIiSHIRE ANO OXFORDSHIRE VILDUFE TRUST NOTES TO THE FINANCIAL STATEAENTS YEAR ENDED 31 IAARCH 2022 22. JOINT VENTURE BBom￿ entered Into a joint V8nlur8 ￿th seven other ￿kIr￿a Trusts to form ￿￿Erfe FurKlraL8irrfJ Icentrall Limil&J CWFC'I, a private company liniled by w￿MberS guaianlee registered In Effjland and Wa￿$ l(xxnpany number 083722181. Th8 cMnpany was fomied in January 2014 to provide membership recmtrnl seNiw to It foundiNJ membÈgs. fvn LiYth. a prevKxJs Trustee of BBowf. has b8en a director of WFC sin Ilovetr&)or 2017 As * 31st M¥r¢h 2022 the￿ aTe seven rr￿￿￿ ￿ iOtaT. one haviry witlxlrwn from arrangeffnt. No initial Investrnent Wds made in the o)nyany by the fourbjing merters thewefore no invethant ￿ indudwj in the BB0￿ balanca sheet. Instead, the foundets prts¥vJed IhB ccThpany with a ban lo erth l io c¢jrrWen￿ tr&Je. Thi5 loan was lulty repa￿ to B80￿dUrir￿ 2021122. The surnmarised resutts oflfvFC are set out trRIow'. Pro￿$10￿al 2022 Atsthtsd 2021 Profitandloss K¢ourt Tumov8r AdrninislratNe exper￿e$ Inleiesl payaNe Surplus for the year 716 (802 11.124) 91 Ba14nee sheet Fixed assets C￿r￿nt a$$ets'. Debtors Cash at bank and in hand Credthrs". amounts f811ng due ￿thin r￿e year Net Current A8sets 53 381 279 Long tetm (xeditot5- k)ans fttynwkjtrfe ttV5t rwrtxr5 11051 Net assets 386 182 As BBOWt doe$ not prapare Consol￿at￿l financial statements rt to Y￿rtak9 equ.ty ￿Unt￿9 to re¢oanise a proportion ofWFC's results for the y8ar, assets and Ivabil￿e5 In these fi'rTaDoal statetYEnts The artic￿$ of assooalion OFWFC provkde BBOWT to the 5urplu5es arising in lo the extent of ItE conlrbutions rnade in exchange for the member recfutment ServI￿S prov¥Jed by On the bas￿ of BBowf beirvj ￿e out of the seven Whjlife Trust members, 8 one $8venih proportion of the iesulls and nel assets ¢f￿C would be reccgnise¢ In consol#Jal8d accounls of ￿￿0￿ if equity accountin9 W35 aPpl￿d The impact on BBowfs finanoal siat8nnis wou￿j be su¥plus of £29k12021. £13k in the ragJK lor the year and irKreas8 In nel assets and reserves of £55k12021.. £26kl Tran$ath0￿ wlth WFC Duriw the year WFC charyed BBOW cornrniss￿n of£28C on rTVTtht5hip incotrE tolalling £62k12020.. £71k on £17kl. The cornmission charged refie#s Ihe IcNyletrn Value of thes0 new ttEtr)et5hip sub5CllPtIW5 to 88OWr. A hosting charge of £76912021.. £1611 was charg1 lo WFC durmg the year. the baLqn( slet dale an nounl of £Dil12020.. £nill was owed to 88OWr. The ¢(mpany able lo make Inte￿t repaynnts lo tha ftyJThJers. BBowf receiv&J £1.Q85 L¥) (2020.. £1.3041 as as the full repayrrent of the enginal founders loan. 31

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE YILDUFE TRUST NOTES TO THE FINANCIAL STATEIAENTS YEAR ENDED 31 MARCH 2022 23. ACKNOWLEDGMENTS The Boa￿ of TrnEte85 Wi5he5 to ad[n¢￿￿ grants and donations fr(￿ Ihe tx]d￿S. An extended list of donor5 B Ind￿1￿ within the Annual Rewew. Local a￿h￿Iti￿& 8uckinghamshits County Counrj 818&knell Forest Counc Chewell Dlstritt Coun¢1 South Oxfordshire DElrid Councl Oxfoidshire County Council Vale of WthiLe Horse Distr￿ Council West Beth$h￿e Counc45 Wesl Oxfordshiie thstrict Counul Grant Ilaking Bodies Chltems Con5etvatK>n Board Nat¥)nal Lottery Ccrnunty FUNI The Royal Sooety or￿dIale TrLSts (Rswr) The Canal and RNer Trust Cury Fund Ge￿wistAs￿latKJn) Qu31ernary Research Assoc#atKin IQRAI The Crown Estala Lan(Ifill Cimnrn￿hI0s F￿￿ Brffa Award Grundon Wasle Manageftnt Ltd Veoha EnwronrrEntal Fund statutory organfsat6on8 EnvironmentAgen¢y Natural EngL•nd DEFRA CharitablÈ Tnjsts The Swire charitab￿ Tr￿*1 Rothschi￿ Foundation Syder Foundation E B M charitab￿ Trust Sir Ralph Vemey Mwnorial Trust Th? RKhard Raddiffe Charitsble Trust The Ceol Pl￿1n9ten Charitable Twst 32

BERKSHIRE. BVCKINGHAMSHIRE AND OXFORDSHIRE VILDUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 ￿R¢H 2022 24. STATEMENT OF FIPWICiAL ACTMTIES YEAR ENDED 31 MARCH 2021 Unr¢stri¢ted Restrided FuThJ& Fund5 Total 2021 Income and endowmènts from: Donaiions and kg￿¢￿$ from IndNhJuaLs Membership and membetshp donatK)ns Grants aThJ Cwfate donations Ot￿r trading a¢bvft In￿StmentS Charitable aumties A9n-environffnt schw grants (￿her income 859 2.732 436 2.319 231 193 474 Total Expendlture i)n'. Raising funds Costs of generating donalions and ￿a￿e5 Oonalions and ac￿$ Membership and MeMbershpd￿tions Grani$ and ¢otporate dMatK)n$ Cosb of othertrading a¢¢N￿e& Cosls •$50cialed wrth lnvesfrn￿ts CharitablÈ adivities N81ure reserves management Idlife wwareness and education LookiNJ after the ￿der o)untrysth 120 702 1X> 702 147 434 434 379 2.2C6 1.824 978 487 49t Total Net le¥penditure)finG(Nne Net gainsllloss8sl on investments Net lexpenditurellincoma aftergain on investmerts 12281 297 577 297 874 A full 8natysis of ffte 2020r21 accounts i% avaikble on ourwebsiie: httpsJAw.bbvA.(Mg ￿pUb￿a￿"OnS 33