2023-03-31-accounts

Berkshire Buckinglwnshire & Oxfordshire Wildlife Trust A company Ilmltgd by guarant¢• Company regi¥tsTed number. 680007 Charlty reglstered number. 204330 Annual Report and Accounts Year ended 31 March 2023 Pholograph o Mon Hawkin

BERKSHIRE. BUCKINGHAMSHIRE AND OXFORDSHIRE WILDLIFE TRUST ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 nAARCH 2023 CONTENTS Page Trustees. Annual Reporl IndeF*ndent A￿l￿O￿S Report 15 Statemenl of Finarrjal A¢tNities 17 Balan￿ Sheet 18 Statement of Cash FI￿S 19 Notes to the Financial Staternents 20

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE MLDLIFE TRUST TRUSTEES. ANNUAL REPORT Reference and administrative details of the charity. its Trustees and advisors Charity registered ro. Company registered no. 68CO)7 Address of principal and registered office The L¢￿90 1 AMi￿￿r￿j Road Lrttlèmore Othrd OX4 4XT Tnjstees George Leyvy (Chairl Graeme Thompson {Honorary Treasurer) lan Davwjson (Honorary Seryetary)- resigned 08.10.22 Frances Brindbè IDeputy Chairl Jane Cottc•)- reswne(108.10.22 Natalie Ganpatsingh Chris Mees- resigned 08.10.22 Mike Pdlard- resgned 08.10.22 Gregory Wèbstei Drew Bennell Miles Evans Zoe Han¢(Kk- 8ppointed 27.07.22 Matk Cha<5fiekl- apwinted 27.07.22 Tim D#Y￿S- appointed 27.07.22 Garth Cla￿- appointed 06.12.22 Chief ExecutNe Esteme Bailey Inde endent Audttor Haysmaontyre LLP Chartered Accountants 10 Queen Street Pla London EC4R 1AG Freeths 5CKM) Oxford Business Park South Oxford OX4 2BH Bankers Barclays Bank pk. Oxford Crty Branch Oxford OX1 3H8 Investment Mana e CCLA Investmont Mana9wnwI Ltd Senator Htsusè 85 Quean Vi((Ko Street London EC4V 4ET The Berkshir8, Buckinghamshire and oxfordsh(￿ Wlldltle Trusi (BBOWTr was established in 1959 and I￿rporated in 1960. 10 safeguard wldlife and ￿ldlIfe habitsts in the Ihree cJJunties and lo educate the public about natt2rÈ conservation. Over Ihis time, we have grown into a successful local charity and an adive partner in the Wikllife Trust movemenl. We are cfie of the largest of the UK'S family of WThldlife Trusts, and the only ¢harity coveftng the three ￿unite5 of Berkshire, Bucknnghamshirè and OKfordshire concerned with all aspects of nature ¢onservab"on ed￿atrOn.

Objectives, Activities, Achievements and Performance This year mwked the second fvll yèar of ¢wr cu￿ent strategi¢ ￿lder 2021-2026. which sets orp simple overarching aim.. lo creale mre nature everywhere, for everyone. To do IFMS. we need to w)swe nKKe pecffjjle to lake actIC￿ fornalwe v+tiile (kning all we can to restore wilder landscaFes We w￿1 to seè of the land acsoss Berkshi￿. Buckinghamsl¥re artd OykKdshire well managed for nature by 2030. W• will only achieve this rf we can inspire and empower bcal pe￿e and partners to hdp us put nature in recovery. By workn'ng together. we can creale bigger, wildef. more c￿n¢￿ed laTrJscapes acr053 our thrée c(￿nIS. so nature arKI tW¢ can thrive and our dimal has a chance for recovery. Our kgy acNe¥em•nts agalnst our fi¥eear tsrgtyts in th• y•ar 202243 include thè followlng. Put Nature into Recovery 25ha ol previously leased arable land al Woolley Firs now Under direct B80V￿ management for nature Empower People to Act for Nature Secure our Future Reopened WiThY50r GTeat Parf( Environmental Cenlre. our partnership with the Crown Esiate Developed & kunched our EEDI Plan Recruited arKI onboarded 41 new starters £202,680 01 external funding secured for 10 new projects improving habitats and access on BBowf reserves. Collaborated smth communities In Reading and Slough to promote nature conr￿110 Increased our membership lo a new high 0128,711 memberships ActlOTh-focused communTrcations resulte(I In a 14% In¢￿aSe In sIKial media lollowers and 57% increase in local and nalional media coverage Duxford Old River Habilal Bank had its first agreement signed for the sale of biodwersity units with Trust for Oxtordshire's Environment Launched The Meles Circle and Legacy Society Increased our number of campaigning Wldlife Ambassadors to 719 people tsking action for natvre Installed solar panels al The Lodge Responded lo 56 planning applications where development threatened nature More d8tail on gf thè tl)ree key t￿rneS is set oul below. Put Nature into Recovery Al the start of the Strategic we managed 86 nalure reserves covering 2,667ha Our 9081 is to increase this by al least 200ha ol freehold land during this strategic Flanning penod. We have already made progre55 t¢)wards Ihis wilh the acquisition ol new site at Ludgershal w￿.Ch e￿endS our Upper Ray Me￿I￿￿S reserve and Nalure Recovery Network. Our total hO￿ing is now 65 nature ￿ServeS covering 2,643ha. The overall amount of freehold land has inueased by 25ha Ihiough the acquisition of Ludgersha11, althgu9h we have lost some freehotd land at Fi￿ere and Calvert Jubdee as a result ol the cornpulsory purchase of land by HS2. The overall amount of land managed on lease or management agreement has reduced by 48ha mosyy as a result of rel"nquishing the agreement al Pa￿S Wood {40ha} and the ￿ase at HartskKk E￿ensiOn. The landhdding at UPP￿ Ray IAeadows compiises 221 ha is our third largest rgserve and our second larges1 freehL4d property after Chimney Meadows. These large, interconnected nature reserve3 5UPPOrt a wide range of hatatals from flo￿r-rid) meadows to wet pasture wilh rare wading biids such as curfew ￿e￿Ing here. Since September 2021. we have been develowng The ￿(l11fe Tmsts Habitat BankirMJ Financi￿ Model, in partneT5hip with Cheshire, Vvarwickshire and Surrey Wldlife Trusts. arKI Finance Earth, Ihanks to the 92nèrtsus support of Defra's Natural Environment Investment Readiness Fund. This work has posiiloned BB0￿ as an earty ddivery prothder of BNG to the local market *ross the Ihree counties. Duxford Old Rrver Habitat Bank 15 rK)w selk.ng unrts {￿th ils. firsl agreèment ggned vrtth Trust lor Oxfordshirè's Environmenll, wh'ch 15 the fjrst large scale habrtal bank in Ihe Vae of thite Horse District Countil Ioxfordshire). Throughout 2022-23 we have also been preparing a second halitat bank. L￿19P(shal Habitat Bank n Buckingfwishire. which we aim to launch ahead of November 2023 when BNG VAII become nab"onany maTvJated

This year we delwered the R￿onnecting the Bemwty)d Otrw arKI Ray feasibilty sluty. which rewved £94.9)9 from Buckinghamshire Council. and £22.500 in addib.onal funds from Natural England and the Buckinghamshire and Milton Key￿$ Natural Environrnent Partnèrship. This 3(K)kn12 region I￿JUdè5 BBowf's 8em¥wMI Forest and Ray Valley Living Landscape. Wbth is one of the best rernaining ecdo9￿[lY iMp￿ant but fragmènted landscapes in Southern England. (￿er the Course of the year this project engaged 28 landowners and famiers. 13 community yroups and 132 indivKluals from 44 organisations in workshops and events to idenlfy nature recovery priortbes arKI projeds for the area. This is the first step towards working collaboratively vhth partners and Gommunili8s to s8• a real transfomalK)n in on the ground that suprAyts nature's recovery. Kèy aehi•¥tm•nts agalnst our k•y strat•glc obj￿11¥•8 from 2022-23 ineludè Ensure our nature reser¥ i are rlch In wildllfo and I strat•glcally •xpand our l•ndholding The hay meadow restoration at Upper Cc¥mmon {Chimney Meadows) continues lo develop pO$￿ely, with ofsamples recording abundant herbs. In 2013 pre- Storatic￿ no samples were cOn￿dered to have abjndant herbs. Adders were radio Iraced at GTeenham Common to help establish dispersal distance and populatw connectivty. The lurthesl distance moved was by a male al over 2km. The new liver chanrEI al Duxford Okl River, created as part of a WEG funded projèct Was fvlty opene(l in the summer. Ekntrtrfishing carrEd out Liter by the Environment Agency shrywed a good diver5rty19 species) offish using the channel. Cdlege Lake island supported good numbers of ground nesting birds with 19 ccm)mon I lem nests 8rKI 15 lapwing nests re¢xJrded. The dragonfy tsanse¢t at Parsonage Mwr r￿Orded a rec¥)rd 425 southern damsdflies i on 16 Junè. This is almost fourtimes higher than the prevhws record count! 25h8 of fr￿MeT arab]e land at Woolbey Firs was taken back into direcl management. Grani lunding of £46.739 secured from Veolia Enwronrnental Trust to create grassland. I WC￿land and h￿Yr0￿ h3bita15 frorn 2023. I Creat• blggar, wlldor, I connectsd landscapes and netsvorks wh¥r¢ wildllf¢ We have del￿ered ts)nservab"on projecs arrn a total area oi 93.615 ha. The West Berkshe'Wdd Verg0s' IK4eci WKlertook botarwcal survtrys ovw 25(1(m of road verges. 322 srtès werè suwveyed for water voles. ￿Vering 161krn ofwalercourses. We CA>Ofdinated 228 mink raft5. whth successfulty trapped 23 American rnink to help con$erve our I￿1 wdlervole popUlat￿n5. We vaccanated 49 badgers in West Berkshire and on key sites in Oxfordshire. Through the 0xtordsh1￿ Wldlrfe Sites Proiecl specialist management advice was provided lo 34 L(￿1 Wkllrfe &les. We provided br(J suryeys and SUPFlem8ntary bird feed to 28 famis across the Bernwood Otmoor and Ray region. By workn'ryJ wth landowners in the Upper Thames LI￿n9 Landscape we produced 8 ViSh)n map ol wetland creatKJn opportunities for 45ha adjacent lo Duxford Old River. We hav• re-invigorated the Ukyer Thames farmer duster. bringing together previous members ajong Wrth new K4n(k)wfters all engage¢J in delNering nattJre'$ recovery across their combined 3W2ha. Duxlord Old River Ha￿"tat Bank comm9n￿d operabons in 21x23. with the fir81 agreement sTrgneil for the sale of bthwersity units with Trust for Oxfordshire's Environment. Over 30 years of nature-led managernent. li is anticipated thal Duxford will ueate beiwe&n a swjnfficant uplrfl of a m058ic of key floodplain habitats I that suppm Sp￿.9$ of wikjfowl. 8ongtyrd5 3nd spe¢ialisl welland invÈrtebrès. ' Demonstraté how restorfng L nature ¢an deliver multiple l ènvironmèntsl ￿n•fitS and I h•lp tackl• the climate and I nature emeryencies The'Mé&Jus for the Climate, project ftindèd trjl Ècover and in partnership wrtii tt)è Floodplain Meadows Partnèrship and Long Mead's Thames Valley Wldfiower Meadow Restorat￿ ProJ•ct had its. s*cond year. The BBOWf leam Ilected soil carbon samples from across eight srtes Itotalling just ovet 800 Core sarnples collecaedl. Results from years one and two ol the study show posib.ve correktion in the high levels of soil carbon St￿ed in anoent tkndplain mèadows and reSI￿ed meadows, ccrfnpared to lower amounts ofcarbon in arablè fidds. Thè outcYJmes ol this research wl1 be womoted once Ihe final y&ar of sampling tak•s place I in 2023. BB0￿ have been involved in ts¥o research partnerships with thè UnNèrsity of Oxford I this year, under the umbrella ol the Levert)ulme Centre for Nature Recovèry." 11 BiodNersity aw)unting for people and nature.. 2} Natu￿-baS&g sdutions policy. BB0￿ are inVo￿ed as a local partner, prowding bcal case studies for the researchers to work on, to support a greater un¢Jerstanding of the social outcomes assouated wth BiodNersty Net Gain regulat￿)n, and ecosystem service beneffts of our I nSeNatIc￿ ¥•twe ecosystems have restored.

I Chall•nge houslng and Infrastructure that threatsn$ i I nature's recovery We have respKJndèd to 56 pla￿Ing al)￿K￿l￿$ ithere devèkjpment threateriéd nature d revM¥ed hundreds rrtrore. ¥0 of the planniThJ applicatitxs ￿sIK￿ded lo by B80￿, have been withdrdwn. relused or arn8n￿ 4*ih irryoved consid8Trt￿ns forwiklife, exceedirg our larget of at least 75%. Examp￿ of plannuw appli(2b"ons improved or Tefvsed indude solar farms near sensitive hab"lats. suth as otM￿ in Oxlordshire. housing developments near Greenham Common in Berkshire and new residentral. ¢x)mrner¢bal and education developments at Gomm Valley in Buckingham5hire. Continued to thallenge and ￿mp3￿J￿ against HS2 a￿1 rts damaging plans aid RespoThJed to Local Plan c(KwltatkTh bxo1 aulhority tw)diversity strate￿.e$ to thallenge them when daMagN￿ to nabje atvj recomend inprovements.

Empower People to Act for Nature This year, our Education Cenlres have increa88d the inftymal I&￿Ir￿j pr(rfi&on offered. Al sites rKJW host wildlife dubs for children Bged &17 years, aiming lo prvmote nature conneclion in young petsp￿ over muthple visits. Activities includo leaming about wildif8. and also taking action lor nalwe SLth as ¢0nServatK￿ skills on our sttes or aCt￿l￿"e$ lo do at home. Our Centres have broadened our au(lien¢e reach. with a Lrfelong Leaming programmè launched in sept￿nber. These athit$ have a range of Ihemes such as arts, wildlife Identificat￿ or am wèllbewvJ based. The aim is to make our Centre5 revant lo moro people in drffgrentways. using a variety ol subjecis. In late spring. the ￿ndSor Greal Park Environrnent Centre reopened its dryxs as part of our partnership with the Crown Estale. A¢￿vI￿.eS include our fom)al learning prCgraTr￿ for prirnage aged thildren and our inforrnal leaming programme nature clubs, nature l(>ls for toddlers and 8 Variety of famity events. The efforts of BBOW and Crown Estate staff lo ¢oordinate and promote the 8CtNiti8s ènabled us to ad)ieve ¢)ur first-yeai arnbiborts. At Ihe Centre. we also have a lrfelong SeamiTh3 provion #nd host foresl Bchods on sile for sew-ted activities. We have worked wrth new in Slough and Readin9 as part of our Nexl-Door NaluTe project. Our leam have ¢ollaborated with a variety of groups and co-created community led acwties lo enable nv)re space ft)r ￿￿kIllfe and promote nature connactK)n in thèse urban ¢entres. The cornrnunity wildlife team continue lo inswre communthes across our three counties 85 part of our Rough Around tha Edges projecl in the Chiltems, (part of the Cha]k. Cherries and Chairs Landscape Ihè Chilterns cOr￿erVation Board) and the Bl￿ter and Banbury projects. This year. we h8ve 8ignifrcanity increased our number ofc8M￿l9rtlng Wl¢Jife Ambassadors to 719 ￿0p1t tsking aciM)n for nature. We have also campaigned 898insl threats to environmental protectic¥)s in the planning 5ySterns. the Governm8nt's Retained EU Law Bill that risks removing hundreds of en￿rOnMental kws and wothad wth ￿lleagUeS a(￿sS Ihe movement lo push fgr improvements lo the applicalKJn of biodNèrsty nel gain_ We have also fomied a n•w Board for the refreshed Berkshire LNP and ¢onlinved lo $upport the new oxfordshi￿ LNP as it bècomes established. We are working dosety lo(al authorities in each of our thr80 counties to ¢ro¥le Local Nature Recovery Strategies to ¢ontn"bute Iow8rds Th ofour Land being protected for nature. Key achievements from 2022-23 Includè Profflote nature connectlon 261 new voiunleers took part i) BBowf work partié3. surveys, learning teams and admin roles Our new Life1c￿9 Leaming prwarrwne launched in September. Workshops COve￿d top￿ such as nature joumaling. wilk)w weavirJ aTrd botanical illustrab"on. Monthly nature clubs (for thildren ages 8-11 and 11-17) were launched from 811 five education centres. Many olthese sessions are fu1fy booked month to [r￿nth. Cfeated and delivèred the Wibj West Berkslire Schools pro)jecl with West Berkshire Counal, tead)ing 218 sludenls and their famdies at¥)ut heatthy, minds, heatthy bodies, and a healthy pL4nèt. Our buTSary programme provided lunded vtsits for 25 dasses from 15 kxal schools from eCo￿￿￿a1ty disadvantaged areas. The Windsor Great Park Environmental Cenlre reg)ened lo visitors. Teaching farililw at tsvo educalion cèntr were improved. to maximise the benefft our I tors the wldlife. The Sutton Courtenay Environmenlal Education Centre nefitted with a new accessible wihjltle garden. and our College Lake Education Centre from acCeS￿bIe dipping ponds. Engagè and $uiiport diverne i • The Community Nèts¥ork launched with reguLar onlne meetings and training for local communltl•s to a¢t for J communty groups across our IhTee 0)Unt￿$. Peer to p8èr support was a150 facilitated I nature by the sockal media group. The Next-Dwr Nature project s&irted, enabling collaboration wth ￿mmunitieS in Sough and Rèading. We coM￿eted our Engaging with Nature project in West Bethshire. fvnded by the National Lgttery Community Fund. Overall, we W0￿éd with 140 participants to irnprove I their physical and mentsl wellbeing throtsgh promoting nature connection and irnproving hxal afeas for wildlile. Groups we cdlaborated wilh tr¥is year, indude a local Hong Kong communty in Reading. British Women's in Reading and people living with Dementia. We have SCO￿ an ErwJagng ￿th Nature propd in Windsor 8rsd Maidenhead. thanks to fuThJin9 from Clirnate Partnership. OelNery_vAII start ea_ty next financial xear.

Us• transformatsonal I communlcations and ¢ampalgns to protect I wildlif• and put natur• brrto I rg¢QVèry ilote S,CKX) people in our three counts spjried up to be part of 30 Days Wld, taking fc¥ nalure each day in June. Loral arml national meda o)verage increased by a lurlher 57% on 2021-2022. National I overage hKJNNJhted Ir￿OrTed HS2 caltsjlati￿s on ￿.0dverSfy loss and the potenti81 effeds of the EU Reiained Law Bill Ilhe'Bulldozer Bill'l. Local stori&s included innovatNtr heatih and natwe th.nked teaching projects. over-foraging on reseNes, and annual surveying results. A lurther 14% iwease in socia media follower5 helped to spread awarenèss about our campaigns, induding (xlling lor action on the Bulldozer Bil, encouraging part￿pa￿￿ in 30 Days Whj. arKI Wwhtiro our in Readin9 and Slough ￿th cal rxjmmunrty groups. I Influ•n¢e decision makln(4 on èvèry lovel to prioritiiè Inueased our numijér of (ampaigning WId1￿ Ainb?$5adors to 719 people taking aclion for nattjrè. Carnpaigned against the Retaine(l EU Law Bill aThJ Aitack on Natuie by me8ling our local MPS and in¥¥ring members of the putAic to join the Campa￿Jrh. We are on Ihe steenr¥J groups ift eath of our three counties Working to create Local Nature Recovery Strategies as in¢Juded in the Environment Ad 2021.Worked with partners to eSta￿lsh the Oxfordshire Local Nature Partnership so all Ihree counties (yw have an LNP to inlluence 1 levels of deasion makers.

Secure our future If BB0￿ is lo deliver its 8mbrtions frwildlife across the coming years rt is ¢AitirAI that our finances. people and infrastrudure are resilionl lo the challenges we face wthin our operatiThJ environmenL We must ￿pare oUrSe￿e$ for unforeseen cirajmstances ar ensure that wè rèsrA)nd ￿eXIbty to a dynamic wortd. We have had success in maintsining our f￿arKI¥l se￿rity through uncertain twngs thrvugh carefrjl fina￿la1 management. Despilg concems on the impaLt of Ihe cost of living on our supporters. our membership has reached another hi9hest ever level of ovèr 28.700 meM￿rships. demonslraling Ihe importancE of nalure to so many people in our Ihree ￿Int￿e5. Our income was also boosted ihrough generous 9ifts in wills, 3 sucossfijl year of trust and grant project funding. and increased engagement from business. We paused our appeal actNity for 2021-22 in order lo plan and Launch a large-sc318 lundraising canpaign. commencing in Octcber 2023. We remain inspired by and incredibty grateful to dl our donors a)d supwrters. Our commitment 15 to maximise the resources thai we have to ensure that thèy ￿e￿"ver the greatest possib￿ IM￿ lor nature. Key achievements from 2022-23 5nclude Embed efieetlvè govfrrn4n￿ i • i and bu8ines8 Pl￿nIng Wè appointed new tnJsts z￿ HancodE, Mark Chacksfielcl. Tim Davies and Gaith Clark. who be￿en them biiro a weamh of financ￿1. al. e&lcoical, estate and land man&Jement experience to the Board. TFuslees reviewed and agreed a r•vised bu$ines5 plan. updated to rellect wogress 8fter Ihe se(￿n￿ year of the cJJrrent Strateg￿ plan. i Grow and diversify our member¥hip ¥upporter base i and develop n sustalnable Income stmqms Our Mlswn-￿ad ecdogThl consLilancy'Future Nature. is n(yw in rts second year. The locJJs during yèar wa5 building up the ecdogical resourcès and growing the Jstomèr base. This is still operatiThJ currentty as a brwd frorn wlhin BBOW and is designed lo drive future incxJne to Trust bui also to a¢hiove impact for nature auoss tsUrth￿e ¢ountw. Mèmbèrships at year end 2￿22-23 reathed a neAf ligh of 28.711 memberships Ireathing 55,000+ inOvidua1sl, with cver £3m inwne ￿et¥ed from memberships. unthe(I the Meles Q'rcle, our new programrne lor indivKlua15 able to ￿ve tran5formaticnal gifts to B80￿. We a150 launched a Legacy Society, aimed al thanking and honouring those indivmluals I who choose to leaveArfts to 880￿ in t1￿"r WIL5 dunryAtheir lifetime. We developed and launthed OLtr EqLrality, Equrty, Divorsity & Indusion IEEDII Plan Wè continued lo devdop OLtr employee dèvèk)pment programme SEEO, with two more I hort5 and laU￿hed a SEED EXTRA prryramme. We created Ihe Four Found"ons- Great C¢￿VerSatiOns, Feedback, Coarhirg & Awareness of you and me. wh￿h will underpin staff training for the nexl yèar. We recruited and onboarded 41 new starters. We irnplemented two new HR platforms- 80B our HR inlom)ation syslem. and Applied I our EEDI speoalist rewilmenl plattorm We continue to evofvè C￿1[ Employee Forum and Volunteer Voice Fixum. We have enhancd our benefits package to reward our staff and to be competitive in the market. We imp￿Mented the 3CX tdephone system. induding creakn.on of automatic phMe trees and creats"c¥) of extengons linked to individual staff Membe￿ regardless of IcKalh)n. This ensure$ the abilty to reach all staff members via a single extension whe￿ver they are workn"ng. We Continu￿ ongoir¥J ¢x)mmi55ioning of mobile ￿n8$ {2S new) and laplops122 newl in order to piomote hybrid worting. The leased telephonè arKI data line at The Lodge was upgraded, and progress wa$ made to improve ¢c￿neCt￿lty 81 bolh College Lake (Bucksl and Estovers (Berksl te$. l Develor* a values-ied i inclusive workplace for all ', stsff and volunteers l Buil(1 fit ft>r purpo I Infrastru¢tur¢ to 8upport l flexible worklng Reduce our carbon footprint i ¥nd embed sustain•bility I pr•¢ti¢os We installed $018r panels at The Lc¥Jge. ith¢h a￿ now in 0￿ra110n to reduce our grid consumption during the day. ¢ontintJed to upgrade LEO1ghts. COM￿th"n9 wowk al The Lodge and Nature Discovery Cenlre ffhatcham). We are rolling o(rt a pkin lo inslall timer s￿l¢h$$ to improve control of water heaters at Warburg. College Lake, and Estovers. A voluntary staff working group was set up to develop and roll oul green inthatNes a¢xoss the Tnjst. Wè continue to rrKJnitor carbon emissk)ns across thè Trust.

Plans for 2023-24 As we move into the third year of our strategc we ain to budd ￿ the progres$ we have made in the paa 12 months across all of our three str81egi¢ obj'eciives. We will review our progress at ihe mkJ-pcnt rfthe current S[rateg￿ piqn and begin OUT thinkiTrJ to plan the next phase of B80￿,$ ¢kveloFffient Put Nature Into Recovery We wlll: En5we our exisiing reseThes are rith in wldlife and secwre frjnding for delivery from t)Ih govemment grant schemes aThl indeP￿ent grant provkjers Focus on opporiunities to expand our nature ￿se￿e hokjing throu￿ wuisiticn$ (und¢d by Biodiversity Net Gain. Seek to identify an 0pFrf￿Unty for a beaver reintrtsj￿l10n project. Commence the operakn.on 0f￿r second habitat bank. Ludgershall Habilat Bank in &JGkinghamshire, and scope up to 3 mole habitat bwking siles wth the aim of comrnencing op8rats.on ol a third habitat bank in 24r25. Develop a)d fundraise for new L4nd5rape Sca￿ CmServa￿0n projects in partnership wth other key organisabons. particularly in Ihe Bemwcmjd Forest and Ray Valley LNing LantsrApe and Upper Thames LNing Lar￿￿a￿. Partner with researchers to gail researth insb)hts inlo nature rec(Nery chalkngès ￿leVant lo BBOWt. Emp¢Mer People to Act f Nature We ￿11. Develop our training courses aTrJ netwothing events for cThnmunty groups and BBO voluntÈefS. Launch volunteer m￿agerr￿￿t system to make it easEr for vdLmteers to find OPFKJrtunilies, Jmfflunicate and regi8ler for events. Provide a year-round prcgramme ol events for adults fr￿￿ all five education centres. buikying on Ihe kno￿edge gained Én the 22-23 launch Fthase. DelNer Engaging wilh Nalvre in the Royal Borough of ￿nd$of Maidenhead. collaborating Wlth partners to prrynote natuie o)nneclion, improve wellbeing and creale space for nature. ContinLE Nexl-Door Nature delivery in Reading and Sl¢)ugh. working (ogether with new ¢x)mmunities. Final year of (lelivery of ouf Rtyjgh Arwnd the Edges al￿ Chiherns Orthafd projects to support CLJmmunity groups vnth hatm.tal creabon. restorab.on and training lo Continue the management of these specpl areas f(x nalure. Develop and lundraisÈ loi new community PToiedS in urt￿n centres in parlnership with other organisations. induding AY￿bury and Maidenhead. Supporl the develowent ol Ihe new statutory Local NalU￿ Recx)very strategies in each o)unty. Continue to Ikvelop the ¥Mlder sPa￿s Oxford wblic engagernent projecl. Secure our Future W• wlll: Undertthe a fvll Board Go¥emance Revsvw. Embed a nèw approath to engageffent wr(h tmjsiness. LaurKh Ihe Natu￿ RecoveryFund. wr aMbrt￿Us fundraisirKJ ￿mpaIgn to cover the second half ol the strategic plan. Further grow membership olthe Meles Circl& Legacy Socaety. Embed dwJital membership recruits￿nI and fundraisng a5 part of otsr portldio of fundiai$irvJ metrwjds. COmp￿te work to irnprove rrmnectmty at salellite sites induding College Lake and Estovers. Conlinue lo develop and embed our EEDI stralegy across the organisation. Continue to embed our w rec¥uilmenl expeller￿ and ￿n￿oyer brarnl lo allracl and retain divwse ialent. Embed our lour foundations". Great conversat￿$. Feethack. Coaching. and Awarenèss of me and you. Identify and intrtyluce rot¥Jst talent plans to gri)w inlemal ta￿nt and future-proof the Trust. Oevebp our v(Aunte•r plan to establish the fr)cus and capacity needs for our expanding team of volunteews. Cw)rbU8 wr carf0￿ foot.prMIt rethK*iffi loum￿. Review our IT hosling arrangements. Revièw ￿￿leS and m￿ltry Risk. Heahh & Salety. Safe￿ard￿9 and Cyber Securty. Manage tyjr finanual health and securrty.

Structure. Governance and Management BB0￿ is an aciNe nRmber ofthe Royal Society ofwldlife Trusts (Rswf). This is the national partnership organisation for the 46 indepeTrJent W'ldlife Trusts operating across the UK. ￿1 the Wldlife Trusts cx)ntribute an annual le￿ to fvnd Ihe Rswf to provhye infomiation and support SerV￿S as well as aiJ¥ocacy and representation at a national, UK-wide and intempt￿oI ￿e1. The charity is 8 company limited by guarantee, governed by Artides of Ass(Ki8knon. last Y￿lated in 2017. Thè objects ofthe ¢harty arè for the public benefft to saf¢guard and enhan¢e biodiv¢rsity Imganin9 the variety of life in all its forms, levels and combinat￿nS. induding ecosystem divefsity, speo8s diverwty 8nd genet￿ diversity). and in particular al to undertake and promote the conseNath"on of wildlrfe species and their habitats i￿luding the restora&"on ar¥J C￿atIon of such habitats.. bl to promote publK underslandng of, and support for, natural workS,' and cl to ￿paIgn in Support of sustaina￿e princgples and practices for the protect￿￿ of the nalural environment. The Trustees conffirm thal they have COrn￿led with the duty in seth.on 17 ofthe Charibes Acl 2011 to have due regard to public lnefit guidan¢e published by Ihe Charity Comrnis5ion in detemiinin9 the actNibès lFndrtak￿ by the charty. Strategic Report The Trustees. vtho are aLw the Directors ofth• company, present their report for the year ended 31 March 2023. The Trustees, RepM)rt ir£lLles ihe Strategic Report requirgd by the Companies Acl 2CQ6 (strateg￿ Report and Dire¢tors' Report) Regulations 2013. The goveming body is the Bcord of Trusiees. Tnjstees are drawn from the membership and if ihere are vaca￿e$ on the Boaril then nominations Trustees are wuested frcffj the 5ubsuipticffl-paying members wa our membership magazine and website. interested in becoming Trustees are inwted to metri the Trust's Nominaiions Committee. wh￿￿ makès rec(Jmmend8tion8 lo the Board and th8 membership. Risk Assessment and Risk Management The Trustees regularfy review the strategic risk assessment and risk management regisier dealing with the risks Ihe charity may face and Ihe processes and procedurès to mitNJate Ihose risks. Members vote for TTUStees, who are decled for a th￿trYear tsrrn, bul Truslees may stsnd for re-election at the end of this period. In line with recoMmendat￿n$ of Ihe 2018 Charity Govemance Code (endot3ed by the Charity Commission) the re-appointment of any Trustee who has seNed more than nine years will be subject to rigorous review and explained in the Trustees. Annual Rep)rt. The winc1￿ risks for the charity are in the follomng Ihree aws.. Operational rtsks induding the loss of kÈy st8ff. he8Nh and safety risks around managing land and buildings, and safeguarding". Financial risks including lluctualions in donalions. membership and earwd income.. and Shrfts in the extem81 environment. for example inueased anti-sooal behaviour on our ieserve5. shift8 in environmentsl policy or the public percepbons of thaniies. The Trustees elect a Chair at l￿'r next Meeting fofiowro Ihe AGM. and they may co-opl members on to the Board ol Trustees during the year to fill shortaJes," these appointments must be o)nffirmed at the next AGM. O elected, new Trustees follow an induction programme in which they meet senlor members of staff and are ncouraged to visit 880￿ visitor and eduGalion (wtses and nature reseThes. Measures to manage 8nd mitVJ8te risks indude maintaining cOmptehen￿? in$uran¢& and appropriate levels offinancjal reserves. recrutb.ng and retaining suitably trained and expetpnwl stsff. implerrenling a strong policy framewort, and takn.ng the steps to sustain positive relat￿shIpS with key Stakeholders. The Board of Trustees delegates the day-tts-day running of B80￿ to its Chief Executive. who 1$ supported by the staff and voluntèèrs of thè Trust The Chief Execvbve provides the Board with an opèrational rew)rt four times a year. aThJ betweèn Board m6tings works closely with the Chair. Honorary Offittrs and other nofflinaled Trustees ￿ rnalte of govern8rKe. The 808r(S is also supported by Ihe Finan and Audit Committee. This comprises Trustees induding Honorary Offi¢er$, ¢xpert volunteer5. the Chief Executive. Finance and Govefnancè Dirèctor and thè Head of Finance. The Finance and Audit Committee is thaired by a Trustee nomined by the Board and is responsible for monitoring ihe fin8n¢ial heallh and thè intemal cmtro15 of the organisation. Promoting Saf¢gu•rdlng Safeguarding is a key govemance priority for Trustees so Ihal the risk ol safeguardin9 inridenls is minimised, and so that rt is safe for t1￿ affÈctèd to corne forward and repc>rt inodents and Co￿rn$ wth the assurance they will be handled sén5th.vdy and properfy. Our Safeguarding and Child Prote(Xion Poliry (Code of Prac11￿> is regularly tevi•*d and updated In the l¥Jhl of experien￿ and thange5 in guidance or re9ulation. 880Wt has two appoint8d d¢wgnated safeguardirvJ leads responsible for ensuring Staff and volunteers arè supN>rtèd to be able to respond lo any safeguarding concem appropriatety. The BBOWt Hearth and Safety Committee, which indudes g rnember oflhè 8tsard tsf Trustees, has the ￿¥)0￿$￿.1￿ ol rtrviewing any reported incidents and reports direthy lo the Board 0fTru51￿S. Thgie BBOWt has a Governan¢ and Nominations Coff￿rttee which advise5 Ihe Board on Iru51ee recruitmenl, skills and succ¢ssion planning, arKI mattef3 of good governan￿. Ther¢ is also a ReseNtrs Acqui￿￿.0￿ Group. the Pltrpose ol which is lo advisè thè Board on Ihe acquisition and disp)sal of land. and on related polioes. in acwrdance wth the Tru51'$ slralègic oty"Èctives. BBowf has a separate Health and Safety Committéé and a nominated Trustee reports badt lo Ihe full Board on Heatth arKI Safety matters. io

were no reported safeguarding inadents invofviThJ the Trusys work during the year. Our Fundrnlsing Standards Our 8pprcch to fundraiwg is to be horEs1 arml transpa￿nt vrith our m￿be[S. donors arKI supporters about Whe￿ their goes and why we ask for donatic4)s. We publish inforniatk)n widety about ¢JJr work and we seek lo keep everyore inforrned. We comnjjnicate clearly why we need donab.ons and whal adiwlies money will ￿ S￿nI on. Through our edueab.on and c(vnmunty engagement prciects we work with thousands of clildren. young people awKI vulnerable adLlts every year. Thousands more peorAe connèct with our WO￿ through attending publ￿ èvents aThJ activities. We sliive to do everything poSsi￿e to make sure that everyone h8s 8 safè F¥)srtive experience when tsy become involved in our work. staff are aware of Iheir dulles in terms ol chld protection and safeguarding. aThl specific training is given to staff who work on education and community projects. We have rigor(xJs systems in pL￿ for our staff recruilment and ensure th41 all Ihe appropriate Disclosure and Barring SeNce IDBS) thecks are carried out. Trustees are aware of Ihe need lo Lyhold th8 highest slaThJards of fvndraising pr8die• to safeguard the good repulalion of the Trust, which has been ￿lIt up through rnarby yes of good wcwk. Whilst day to day resFonsibility for lundraisiThJ is delegated to staff. the Truees remain ulimaldy reS￿n￿b￿ and hjrvjraising prac11￿ ts regularfy discJJssed by the Board. Thè Finarte and Audit Committee meets ￿th the FurMliaTr￿ng, commun￿li0n$ and Marketing Direclor on a quarterfy basis lo revw current and futuro fundraising actNty- induding agreeing our methods of lundraising, reviewng the use of extemal suppliers and examining cosl effectiveres$. FtAndr•$ing is induded on Ihe Trusl's risk registèrwhth is monitored by Trustees. Trustees review cA)mplaints to ensLwe ujr fundraY6ing practice 1$ carried out to Ihè agre8d standards and any le5%￿$ #rè leamed. Measurlng our own envlronrngntal Impact We are tafv'rrfJ step$ lo minirrise (yjr own environmentar impacl. As part 01 this commitment we report on erergy L and ènèrgy generation acfOSS all our buikyings and velides operations. The use and generatw for 2022-2023 {2021-221 were". Eleclricity Use.. 210.571 k￿l258,338 k￿> Electrioty generated- PV panels 40.186k￿..13o.4l 880￿ is a registered subs(¥iber lo both the Fundraising Regulator and the Institute of Fundraising. We comply lully th tre Fundraising R8gulatorfs Code of Fundraising Practice and the six guiding prliaples idenbfied in the Charity comm￿sK)n 9uKlance for Trustees ￿ charrty fundraising {GC201. On Ouf websf¢e and in OLK membership frteralure we promote wr Fundraising Promise outlining how we wll treat our supporters, their data and how wish to be rA)ntaded by us. A Vulnerable Adults p¢Aicy and trainM)g ha$ been put in place to prolect against unreasonaNy inlw5ive or persistent fundraising appioachès. A detailed pri¥y slatement land a complaints procedurè} is highh"ghted on our websile and in OUT p￿liCity to ensu￿ we are ¢ar and iransparenl aiwl our ol data. During 2022-23 we rK8ved a total of 35 wnplaints relating to fundraisirvJ. Gas use." 39,454 k￿12.087 kwh) LPGIOil". 2,554 lit￿$14,155 litresl Motor vehide fvel.. 13,720 INres112.442 lrtresl Mète￿d Water (C￿ 9 silesl.. 2.329 m, {2.562 ftyl) Ovr energy consumption on our estate has1(N¥ered t￿"S year -The installation of LED auoss large parts of the Trust i 2021-2022 and the Mgoing upgradin9 15 shth￿ng through into our ￿11$. We have also been iunning campaigns lo enough staft to ensure ethtrul items are lurned off. Ml of our electricity utility contrts arè from lo¢￿ reneWa￿e source5 with Ecotl￿ty and Smartest Energy. The large recorded in¢rease in gas usage is part explained by a swrt¢h Irom eslitnated to aclual use measurements during the course of 2022-23 gs we improve our data colledion methods. BB0￿ uses two extemal fundraising SUP￿lerS't0 help with recruilmenl ar￿ fundraising. All providers are screeneil 8nd )nrtored to ensuie tt)ey adhere to agreed giidelines duding ihe Fundraisin9 Regulatorfs CLKJe of pract￿ and B8OWT's ethral standards. Our maw) extemal fundraising sUp1￿ler, Wldlrfe F¢Jndraiyng {Centrall Ltd, wa$ set up in 2013 by BB0￿ and seven other Wldlrfe TnJsts as a coffpany limited by guaranlee. The role ol the company is lo carry out membetsh¥) r•cwitment. Along wth the other Trusls. BBowf contr￿￿ted a loan lo support the set-up costs of Ihe t￿mpanY and continues to have a non-executive )sI￿n on the compary's boaTd. BB0￿ is committed to UnderSt￿dry and reknng its carbon f(N)Iprint. We have complÈtÈd three rterations ol a carbon footprinling tool designed by the Royal Sco'ety of Wldife Trusts lo incorporats Scop• 1-3 laclors. The last Iteration of the tool calculated the ouw of Carb￿ into thè environmtsnt as 867 tonnes C02e for the year ended 31 Marth 2022 before any sequestral)n from our wryk is iaken into account. We are expanding our 50L4r gener8b.on with nèw p￿elS at the k)dge and plan to look again to expand Ihis on 2￿23- 2024 with panels at Collage Lake. 2022-23 Financial Review Grazing accounts for 435 tonnes of CO tArt this ￿ ts33ed on 8fNmal prodlthsn ralher than conse1vat￿n graziry This is being review by RWST We still believe there are ihH)gs we can do to reduce our impact. Cakulalin9 Ihè sequestration and carbon storage of our w¢xk is somÈlhing we are exploring, t￿t regard￿sS of Ihis figure we slill ￿leve we must look at how we ai¢ roka51ng carbon and ways to minimise thi5 We are currerfy reMe￿I￿J our waste prc*Juction and lookn.ng * w8y$ to ￿uce this as soJrce. Toial rKorre was £6.882k. TIMS represents a 27% decrease on the pwious year (£9.472kl. Toial expenditure was £7.fj￿k a 5% deL¥ease c•) the pnor year1£8.026kl. The resuttiThJ dÈfiiit before net gainsllosses on investments. Irdnslers and actuarial gainsllosses was £774k compared Ih a su￿uS 01 £1.446k in 2021r22. The move to a deficit was Jargety due to the exceptronal levels of legac￿$ receiv& in 21Y21-22.

Income Unreslricted r￿Ome {£5.076k) was 74% oftotal inccqne. £3,065k of unrestrictod income was ratsed from our members in thè form of membership membership donations and was broadty fiat on wior year. Legacy income1£391 k) was down on the prior y8ar 1£1,552kl and cther to our histo￿ loNJ term annu legacy income. R6Stricted income of £1,8￿ was signifThnlby l(Mer than prior year (£3,780k) primarity due to the £1.374k Water Environment Grant for Chimney Meadows in 2021-22. F5nanclal Reserves AJI charitiès a￿ ￿qUI￿d to ¢Yev$lop 8 poli¢y which est￿lIsheS a lèvel of financial rèsèrvès that is right for the charity and to explain why holding these resetves 1$ The Trustees have cOn￿dered the minimum of nancial reserves and adopted an approach Ihat link$ that levd wrth the risks facing the organisation 8S identified in the or￿lSa1￿?na risk regist8r as well a$ our budgeted unrestricted operalng costs for the year ahéad. Based on this approath. at March 2023 ihe minimum ￿v￿ of reserves that the Trustees consid8r to be ￿pt$bre is £1.7￿k based on our 2023-24 budget. Expenditure Our trading costs- including cost of sales- of £1.105k made up 14°h of total expenditure12021-22 £883k, 11%). These have irueased as Future Nature increased its actNilies. Costs of raising fvnds at £1,341 k represenl 18% of loial expend¢ture (2021-22. £1.272k. 16%). This indudes the costs of recruiting and retaining members. lundraising and a Sha￿ of support costs. Charita￿e acbvities {£5,200k) were 68% oftota expendiiure173% in 2021-221. This is broken down into th￿e categories that reflect our core activ?lies with e￿h area including a proportion of support services allc(ated based on staff time. The areas are.. Nature reseNes management {31%) thch indudes the CLJsls of improving public access to our nabj Teserves, nature conservation work. livestock management and ofveh¢cles, lools and equipmenl. Idlile awareness and educalion126%1 which indudes the costs of running our edLThtion and visilor centres, public infomiation campaigns and d, our membership magazine. Lookn"ng after the wider country$Kle {11%1 WPM includes the costs of staff who work on planning issues, 4)e¢ios and habtst monitoring. and w0￿1n9 together with other organisati￿5 and iandovmer5 to ¥oled h&)ilats. In a¢Sthlitin lo the minimum level of reserves. the Trustees have so idenlthed our optimurn level of reserves, GOI￿la￿d to bo be￿e8￿ the rninimurn level up to the equivalent of six month$ of unr&stri¢ted operab.ng costs. The actual level of free ￿SeNe$ at 31 March 2023 wag £3,048k (being the general unrestricted funds). ThL8 equates to S months of tyjr unrestrict•d costs basèd ¢)n the approved 202&24 tr￿dget. The nel resetves redudKJn of £483k was in line with the budg¢l tsr9el. The Tnjstees con&der this ￿Ve1 of reserves to bè acceptable gNen the uncertain ewnomic situalk)n w& are operating wrthin. Pay and R•munerntion The management of the Trust was l•d by th8 Chief Exe(xrtive and a Dire(*or Tearn induding a Land ManagerTEnt Dire¢lor. Comfflunity Engagement Director, ConseNation Stratègy Dirèctor. Fundraising, Marketin9 and CommunicAlions Director. Finance and Operations Direclor and a People Director. The pay and remuneration for Chief ExecutNe is overseen by the Board and set through a p10Tr5S that involves èvaluatK)n of job rdes and benchmarking against ¢ompaiatAÈ roles in similar organisalions linduding data from the Croner Charity Reward Survey). All job roles 8re evaluated agwnsl the Croner JET evaluaticffj crileria whth include cornplexity, acryJunlabi1ity, proven ability and Independen￿ ofath'on. Unrestricttrd Funds B￿0￿ held £16.152k in unrestricled fvnd5 indudiThJ designated fvnds. Designated funds are unrestricted funds which have been used fof fixed and inveslment assets1£4.904kl. nature reserves1£7,309k) aThJ other purposes (see Note 17 to the financial statements). General funds are unrestricled funds which have not yet b8an used. Investment Policy Decis￿n5 on the TTUSt's investments are made on Ihe basis of the purpose of the investment, acceptable ievds of risk arhd relum, and ethical considerations arising from Ihe Trust's charitable obiectives. The Trust's overdl Investment Objective is'to produce the best fina￿1￿1 retum within an a￿ptable level of risk-. Ethical CAMsiderations are important ￿ the Trust and will be (Xy￿Idered in all investment decishms. As faf as is rea$￿￿tty p05S1t￿e, preference will be given to investment5 that safeguard and enhance biodiversty, promote tIE (x)rIse￿alI0n of wildlrfe species and their habrtxts and support SU51ainatrAe principles and prBCtices for the p￿te(liOn of the environment. Overal, the is rK)I lo invest in cJ)mpanies Ihal are in breath ofthe UN Convention on Bidogical Diversty ICBD). Totsl rNestrnenl income for the year was £218k, up slighlty froffl £177k the previous year. Our investment incorne indudes incvme trorn ￿vestmentS marbaged by CCLA. from ￿rnIa1 pmpèrbè5 and from our photovoltaic installations. R•strictsd Funds B80￿ held £1.571k in reslitied irtome funds. up from £1.435k in the previous year. Thè use of the f￿dS has been reslricted by th• donor or grantor for S￿OriC purposes. Induded in this arnount is a restricted fund of £453k for land purchase. Defined Benefit Pension Scheme AssetllLiabilityl The total defined benefft pension scheme assel at 31 March 2023 was £73k, a marked improvement on a deficit of £556k at 31 March 2022. This relates to the Royal Counly of Berkshire PenswM Fund and the improvement was primarily driven by the large i1￿￿#$• in Inte￿$t rates during Ihe yeaf which decreasès Ihe present value of the future pensKJn liabilrb"es. 12

Trustee's Insurance 880￿ provides insurance to ils Truslees against liability in respect of actKJns brought by third parb"Ès, subject lo the conditions sel out in thè C(xnpan*s Ad 2006 Such qualifyin9 Ihir&party indemnrty insurance remains in for￿ as at the (lale of ar4WOVmg Ihe Trustees, RepcxL Liability of M•mb8r8 The members of the (x)mpany agree locontsibule a sum, not exce8d¥YJ £1. in the evenl of tre company being wound up. 13

BERKSHIRE, BVCKINGHAMSHIRE AND OXFORDSHIRE WILDUFE TRLK8T STATEMENT OF TRUSTEES RESPONSI8ILITIES YEAR ENDED 31 MARCH 2023 Statement of Trustees, Responsibilities The Trusteès Iwhts are also D1￿ctO￿ of Berkshire, Buckinghamshire and OxfordshiTe Wldltfe Trust for the purpose5 of company lawl are responsible fof preparing thè Trustees, Report and the finartkal statements in accordance with appliCa￿e law and Unil Kingdom A￿0￿￿ting Slandards (United Kingd(￿ Generalty Accepted AcCO￿￿•ng PlaC￿Ce1. Comp¥ny law requires the Trustees to prepare finanoal stalements for each finarKial year that give a twe and fair view of ihe stale of affairs of the charrtable company and of the incoming resources and applutin of resour￿, induding the irKome and expenditure. of the Charitab￿ C￿panY for that perh)d. In preparirrfj these financial stalements. the Trustees are reqwred to.. Select suitable accounling Pol￿e$ and ihen apply them consistenity Observe the melhcJs and prin¢Ap￿S in the Chanties SORP Make judgements aThJ estimates that are reasonab￿ and prudent Statè whether appliCa￿e UK Accounling siaThJards have been followed, subj'ect to any ffoterial departures disclosed •xplained in the financial statements Prepare the ffinan￿￿ statemenls on a gcing C(￿cern basi8 rt is inappropriate to presume that the ¢aritsble company VAII continue in busness The Trusta&s a￿ responsible for keeping prcper accounting records that disdose with reasonable ac￿raCY at any b.me the financial position of the chantable cornpany and enable them to ensure that the financial stslemenls compty wth the Cornp8niès Act 2CK)6. They are also respOn￿￿e for safeguarding Ihe assets ofthe Charitab￿ cornpany and hence for taking reasonabbe steps for the prevention and detect￿ of fraud and oiher irregularilies. In so far as we are awa￿.. Thèrè is no relevant audit information ol which the charitable companls audrtor is unaware, and The Trustees have taken all steps that they ought to have tsken to make theMse￿eS aware of any relevant audit infomiatw arKI to ¢slablish ihat the auditor is awar• of that i)fomiai Auditorn A resoluts)n appointing extem91 au4rt0￿ wll ￿ propoJ atthe AGM Mi accordarte with Section 485 of Ihe Companies A¢a 2C(6. Approval In appro￿ng the Trustees. rep(Nt the Trustees are 81$0 approving tl Strateg￿ On behalf of the Board of Trustees on 2P Juty 2W23 George Levvy - Chair of Board ofTfUStees 14

BERKSHIRE, 8UCKINGHAMSHIRE AND OXFOIIDSMRE lAryLD￿£ TRUST INDEPENDENT AUDITQRS REPORT INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BERKSHIRE. BUCKINGHAMSHIRE AND OXFORDSHIRE WILDUFE TRUST Opinion Wè have audited the financial slatements ol Bwkslire. B￿￿1￿arnShlre and 0xtordsh.rè INldlifè Trust for the year ended 31 March 2023 which comprise the Staternent of Finan(ial A¢￿v￿"eS. Balance Sheel. Statemenl of Cash Fknws and notes to the financial statements, includin9 a summary of Signif￿￿t awjunting FK)I￿es. fina￿￿al repothng Ifamework that has been applied in their preparation is applicable law and United Kingdorn A(x(Mmkn"ThJ Standards. induding Financial ReFN)rtirrfJ Standard 102 The Financial Repoth"ng Standard apphcable in tl UK and Reput oflreland (United ￿n￿￿0M Generalty A￿epted AcC￿nting Practi￿1. In our opinion. the financial statements.. give a true and fairvwofthe state ofthe chaniable oynpwry's affairs a5 at 31 M¥¢h 2023 and oflhe charttable company's net movefflent in fu￿ls. indwliny th& incom¢ and expenditure, fof the yeai then ended". have been woperly prepared in ar£ortlants vnth Unrted ￿"n￿10M Generally Accepted Accounting Pr￿1￿.. and have been wepared in acCOrdar￿ vrith the requirement5 01 Ihe Companies Ad 2fth. 8asis for oplnion We wnducted our audit in accordance 1nlemth.onal Slandards on AudI￿ng (UK) IISAS (UK)) ar)d 8ppIKable law. Our responsibilikn.es Und￿ those standaf¢Js are further described in the Auditorfs ￿[￿)nSibl1￿•eS for the atyyif of the finanaal $18temenls section of our report. We are Indewdent ofthe chaiitable cornpany in accordan￿ wilh th8 ethical requirnments that ara relevant to our audit of the financial ststements irb the UK. induding the FRC'S Elhitxl Stsndarf, and we have lulfilled other ethical responsibilities in aGcordarKe wth these reowremenis. We believe th the a￿j11 evidence we have obtain&J is sufficienl and appropriate to provide a basis for our opinK)n. Conclusions r•latin9 to going conc•m In auditing the financial stalements. we have cothjed thal the trustees. use of the go¥￿ concem basis of 3cLounling in the preparation of thè financkal statements is appropriate. Based on the work we have performed, we have rKJl identifth any malerial uncertaintTres rdatsn9 to events or W￿1¢#JnS that. individually of collectively. May cast ￿n￿lCan1 dwbt on the charitalJe o)mparbWs ability lo ￿ntinUe as a going ¢on¢ern for 8 period ol at least months frcffl when the financlal stalements we authorised for issue. ()Jr responsith'lities and the resporribilitie5 oflhe trustees T￿th res[e￿ (x>rwn arè desult￿ in the relevant seclions ofthis report. Other informatson The Iruslees are responsible for the olher infrjmwtim. Tl other infoM￿"0n CC¥nKwises the infomith.on indud&Y in the Twstees. Annual Rèport. Our opiThon c4) the finanoal statemenls does nol ower Ihe olher inlormaiion and. excepl lo the extent otherwi50 expliritly stsled in our report. we do not express any form of assuiance conclusion the￿￿. In conn8clion with our audit of the fmanoal statements. our responsibility is to read the other inforniabon and. in drAng SO, Consider whether the other information is malerialty inconsistent wlh Ihe fjnancial staterren15 or ¢)ui knowledge obtained in Ihè audit or otherwise appears to be materialty misstated. If we idaitify such material inconsslencies or apparent material misstatements. we ar8 required to detemiine whelher there is a material misstatement in the ffinanaal statements or a material misstatement of the other information. If, based on Ihe woth we have ￿fOrmed. we Co￿l￿de that Ihere 1$ a material misstatement of this other information, we are required lo report that fact. We have nothir¥ to rwrt in this regard. Oplnlons on other matiers prescribed by the Companies Act 21)06 In our opinion. based on the work undertaken in the course of the audrt.. lh& infomats'on gNen in the TnJstees' Annual Re￿i Iwhich indL*Jes the strategic ￿port and the direclors, report prepared fof the puwoses ofojmpany law) for the ffinanoal year lorwhth the finanaal statements are prepared is congstenl with the rinancia slatements," and the slrategic repori and Ihe direct(￿$, repori indlthd ￿thIn the Tnjslees, Annu4 Report have been prepared in ¥ccordanc8 wilh awuble ￿gaI requirements. Matters on which we are required to report by exception In the light ol the knowledge under51arxling ol the thatilable company its environment obtained in the course of Ihe audit, we have not identified rnaler+al misslatemen15 in the Trustees. Annual Rewrt (which i￿OrporateS the strategic report and the directOTS' rtk%Jti. We have rK)Ihing lo report in ￿Spect ofthe folokn"n9 matters in relabon towhwth the Ccryarmes Acl 2CX)6 requires us to report to you if, in ouf opinion.. adequate accounting recorils have not been kept by the charitatle company, ¢y Tetums adeouate for our 8udil have not been received from branches not w&ted by us,. or the tharita￿e Company financ4al statemènts are not in agreement lhith the accountw reryjrds and retums., or ertain disdosures of tr￿tee$. remunerabon speufied by law are not made,. or we have not received all Ihe informaty.on and explanation$ we roquire for our audit. 15

8ERKSHIRE. BUCKINGHAhlSHIRE AND OXFORDSHIRE YILDUFE TRUST INDEPENDENT AUDITORS REPORT Respon8lbllliles ol trustees for the financial statements As explaned more fully in the Irustees, responsitslibes statement set OLrt ￿ page 14. the trustees {who are also the dir•G¢ors of the charitable company for the purposes of company lawl a￿ responsible for the preparation of the finanaal statements and for being satisfied thal they give a ITue and tsir view, and for such internal control as the iruslees deter￿ne is necEssary to enable the preparation of financial statements that are free from material misstaternent. whether due to fraud or error. In preparirg the financial stslernents. the trustees are responsible for assessing the charitable ￿mpanIS ability to continue as a going concern, disdosing. as applicabfe. rnatters retated lo going wncem and using the gjing cY•ncem basis of aco)unting unless the truslees either intend to liquKlate the tharitable cornpany or lo cease operdtions, or have no realistic altemative but to do so. Audltorfs responsibilitie3 for the audit of the frTran¢ial ststements Our obje¢tives are to obtsin rea$￿able assur8n¢e a¥A)ut whether Ihe finan¢Aal sMements as 8 whole are free from material rnisstalernent. whether due lo fraud or error. and to i￿u8 an auditorf$ report tlw In¢I￿leS our o[Mni￿. Reasonable 88surance is high level of 855urance. but is not a guarantee that an aulrt rxjndurted in ac£ordance with ISA5 {UKI will always detect a material misslatement whèn it exists. Misstatèm8nts (2n arise from fraud or etror and are (¥Msdered rn8terial if. individualty or in the aggregate. thèy ￿ld r•asonably b• •xpeci•d to influèncè th• econom￿ of users tsken on basis of these financial slalemenls. IrTegularih"e$, Induding fra￿1. are instances of non-(¥Jmplian¢e wth laws 8ThJ ￿gUla110A$. We design pro¢ethj￿$ rn lirE with our responsibilities. outlined above, to detect material miSstatem￿tS in respeci of irwularities. including fraud. The extent to whi(th our procedures a￿ capable of deiecting irreguLqrities. including fraud is detaiw tthi.. Based on our understanding of the charilat4e company and the envrronmenl in which it 0￿rat&s. we considered Ihè exlenl lo whth non-compliance might have a malerial effe£a on the finanoal slalements. We also considered those laws and regulations that have direcl impact on the preparation oftt financial slatements suth as the Charity's Royal Charter. the Charities Act 2011, payroll tax and s8188 tsx. We evaluated managernenys ￿centIveS and OppOrt￿lI1eS ts fraUd￿nt Mar￿pUlat￿ of the finanoal statements (induding Ihe risk of override ol controls). Audit procedures perfofjne(l ￿gagernenI leam I￿￿ded.. In$ps¢ting ¢orre$pondgn¢e regulalors and tsx out￿.￿￿$: Dis¢us5itsns w(Ih managtsmertl induding cO￿￿eTaIlOn of known ￿ suspeded insl8nce5 of non-comp11ar￿ with laws and regulation and fraud., Evaluating managemenvs controls designed to prevent and detect irregularities.. Identifying and testing joumals, in particularioumal entn.es posled unusual armunt combin8lKns. postings by unusual usets or with unusual descriptions". and Challenging assumptions judgements made by management in their critscal ￿Counting estimates Because of the inherent limitations of an audit. there 15 a risk thal we wll not detect all irregularilies, induding those leading to a material Th4sstalerNent in the financial statements or non-(*￿pIlance wth regulation. This risk Ir￿reaseS Ihe more that compliance with a law or reguL4tion is rèmovèd from thè evenis and transarD￿5 rèfe(aed in the fi￿ar￿)07 statemen15. a5 we will b8 less likety to become aware ol instances of non-cornplk2nce. The risk is also 9￿ater regafdtn9 irre9ulariti.es o(urring due to fraud rather than error, as fraud involves intentional ConCeal￿￿nI, lorgery, collusion. omission or rrllsrepresentation. A further description of our responsibilities for the audit of ihe financial state￿ntS is Icuted on the Finanaal Reporting CouncAI's website al.. . This description forrns part of our a￿J110￿$ repm. Use of our rgport This report is rn8de solety 10 the ¢h8rtsble compan￿$ members. as a body. in accordancewilh Chapter3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so Ihal we might state to Ihe tharitable cornpany's rnernbers those matters we 8T iequired lo state to them tn an Auditorfs report and for no olher purpose. To the ftjllest extent pemiitted by law, we do not 8cc8pl ar 855urne ￿S￿)nSIbIlity to anyonè other Ihan thè charitsble r￿parry arKI ch8ritaLAe cofflpany's members. as a body, for our audit work, for this report, or for the opiThons we have I0￿ed. Adam Halsey {Senior Statutory Auditty) For and on behalf of Haysmacintyie LLP. Stalutory Auditor 10 Queen Street Place London EC4R 1AG Date.. 10 August 2023 16

BERKSHIRE, BLICKINGHAMSHIRE AND OXFORDSHIRE h￿L￿FE TRUST STATEMENT OF FINANCIAL ACTIVITES IINCORPORATIMG THE INCO1 AND EXPENDITURE ACCOUNTI YEAR ENDED 31 MARCH 2023 Unrnstrkted Ile¥trlcted Funds FuThJs To¢•1 2023 rooo Total 2022 £'ooo rooo Income and 9ndo￿ts from: Donat￿$ and legac￿$ Oonalk)lls and ￿a￿•S fr(xn irwlr¥bJua IAembershp and members￿p donatiorr Grants and corporale don8kn.ons Other Iradiry activrt¢e5 Investments hartsb1e aCtivit￿S Agti.environrrent grants (knr incoN 133 642 3.065 1.733 3.C65 1.673 2.764 662 177 667 218 218 222 Totsl S.076 9.472 Expenditurn on: Raising fund5 Costs of generating don8tKsns and Wcxs Donations and le93¢S Membership aTrJ Mernt￿thp donabor Grants an4J ¢otporaie dmab.ons Cos15 of other Ira(5ing aCtsV￿8$ Costs assooated with in¥estrn8rts Charitable activit185 Nature reserves manJernenl Imldlife awaiene55 and educath)n LwkirvJ 8ft8r Ih&whJ&r countyside 192 158 982 132 883 23 1.022 127 1.105 10 127 1.105 10 2.032 1.707 619 315 317 210 2.347 2.024 829 2,759 1,671 1,418 fotsl 6.814 842 7.856 8.026 Nat lexpondltureylncomo baforn in¥esIm￿l Iltsssesyg•lrts 11.7381 17741 1,446 Net Ilossesvgains on in¥e5kneiiis Net18xpendltureylnccffie Transfers befv488n fund5 13 1871 11.8251 828 1871 1.6(Kl 18281 Olh¢r ro¢ognlswl 9aln$: Aduaiial gains on defirvéd benefit pension schw%5 Net movement in fthds 222 1.822 13341 11981 Recortclliation of Funds-. Totel funds brought ftyw8Td 16.486 1.435 17.¥21 16,099 Total funds carried fo￿ard 18.152 1.571 17,723 17.921 The net def￿L f￿1he yeai, togelhef wilh details of irwne expenthture requir•J by Ihe cC￿Panies￿I may be dèh¥od fr nel IiK<¥neiieypendrturel the StslenRrt ol F￿ants￿ ActAfrts at The note$ on page$ 20 to 34 fomi part ofthese arAxunts There 4re no reccgnised gains ¥d b5sesothor Ihan those shown in the above Statement of Finanoal Actmties ￿1 transactws are derNed frtyn contin￿n9 activits 17

BERKSHIRE. BUCKINGHAMSHRE ANO OXFORDSHIRE ￿LDUFE TRUST BALANCE SHEET YEAR ENDED 31 MARCH 2023 2023 2022 tooo rooo Flxed ￿$•ts Tang1ble assets Nalure reserves In}￿SIm8ntS- Property Inveslments- Cther 3.317 7,309 1.587 1.BCVJ 3.425 7.3(13 1,587 1.896 14217 12 13 13 Currentass•ts stc¢ks Debtors Short l&m deswits Cash al bank and in haThl 43 1.102 2.234 1.543 4,922 14 856 4.177 Crodltors: smounts falllng duewlthln on• y•ar Net Current Assots 15 1549} (6621 3.628 D•fin•d b•n•fft s*n$iM schemes asseulliabllityl N¢t 0s$0ts 16 1556) 17.921 17.723 fund$ of the ¢harlty Unr8slricted fiJnd5 Re5trKted funi15 16.152 1.571 16.4e6 1A35 Totsl charlty funds 17 17.723 17,921 Approvad and autho1￿￿ lor ￿le by Boarf olTwste6s on 2Tr X123. Swjnthl ￿ ththr bohal by". Georg? Lewy. Chalr Ctmpany ￿9￿tra￿￿ nuntsf rKfj8cK)07 IEnglaTh1 and Wal9$1 18

BERKSHIRE. BUCKINGHAMSHnE AND OXFOROSHIRE y•￿Du￿ TRUST STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2023 2023 2022 Cash fftows from op•rnting •¢bvibes: Net eash lus•d in) I provided by owrntlbvj a¢U¥ltles lal 15291 1.707 Cash flows from Inv05tin9 acbvititS Inveslrnenl IncM)È retaved Acquisithjn of irweslmtnts Purchase of laryibk fLKed assets A¢quisit￿n ol natuie ieseNes Preceeds from disposal of larvJth ftted assets Net cash In In￿ting actNities Change In cash athd cash equNa￿nts tn the year Cash and eAsh equi¥alenls at Ihe beginning of the >wr Cash and ¢a$h equNabnls atthe and Of1￿ yea 218 177 1691 14901 35 13 13471 1.360 2.417 3.777 14161 3.777 3.361 NOTES TO THE CASH FL￿ STATEMENT al Reconclllatl¢)n of n•t In¢om¢ll•xp•ndituw•l to neicash fiowfrom 0￿￿9 acll¥lllgs 2023 2022 Net Income Adjustments Iw. In¥eslmeDI105585 1 (gain51 Depreoatnn chai985 In¥esMienl inccrne Profil w sale of assets Decrease ai detlors I1￿￿8$e) In (DecYea5e)r￿¢reaSe ￿ ¢redrtor5 Ioeueasel n defined pen¥on stheme141blty Adu￿al gains on dofined terefil penstijn scherr Not cash Iusod Inll wovldeil lry ¢)per*lrwJ a¢ihiii¢s 87 225 12181 1121 1541 226 11771 1321 39 191 16291 663 15291 222 1.707 bl Analysis of Cash and ¢•8h •qulvabnls 2023 rooo 2.X15 2022 £'ooo 2.234 Short temi deposbts Cash 3.361 3,7TI cl anatysh ofchaTrJe5 In net debt At 5tsrt of year )sh.Ilows At end of year £'ooo 856 2,505 3,361 Cosh Cash eowvakrts Total 1.543 2.234 3.777 16e71 271 14161 19

8ERKSHIR& BUCKINGHAMSHIRE AND OXFORDSFIRE ￿LDUF£ TRitsT NOTES TO THE FINANCIAL STATEMEPITS YEAR ENOED 31 MARCH 2023 1.1 A¢¢oyntlNJ P¢>ll¢los {al General Infomiation Berkshire. Buthinghamshirt and oxfordshi￿ Imklhle Tru f880￿ 15 a tharilabkn ccryany limhed by guarante? iwporaled in Enylartd and Wales Ico. number i)0680C(Jn arNI wi$iered with Ihe Charrty cornm￿5￿)n ICh¥ty Regstrakn no. 2043301. The Chanty's r8gist&rthl orrt¢ add￿$$ 1$ The Lodge. 1 Amisir¢w Road. LittknK)rp. Oxlord OX4 4XT. (bl 8asls of preparnyon The finanual stalemenls are prepared under the htstorital tost convent￿n a5 modrfd to ir￿ude the waluation of investments al mathet Val￿. and In accordance the Statement of RecomnThJed prath￿ fvr ChatrtE5 ISORP 2015 Second Edition. effectwe l January 20191 and applicable xcounts.ng siandards IFRS 1021. 8Bowf th¢ ofa lnefilentty uTKknr FRS 102. Icl Exempdon from prepartng group accounts BBOWT has a wholty owned subsdiary Future Natu￿ wrc Ud (loft￿ty WKllrfe Sefyiw Lrniredl. In t￿rrent year the ccfflpany was domianl. In the Opinion of Ihe tmstees Ihe srie and assets of Ihe subsKliary undertaking5 rrean thatttr￿ presentation olthe cornlined results and finanaal posit￿￿ in consolidated financial slalements t5 net mater￿?1 lorthe purpose of gNing a ttue and lairviw4. Thse fingncial statements present the resus aTrJ of th& chaiitabbè thmpony as a $irK4enNy aThJ n( as tFgroup. Idl Going Concem The Trustees conyderthatthere ale no material uncertaints regarding th? thaws a￿ltyl0 ¢onkn"nu¢ as a goin9 ¢orbrem. The Covid-19 pandemK has had far reaching C￿seq￿nceS for UK chathes overthe past three years and infiation is puityng pressure ¢n ex￿nditure bul Ihe Trustee5 havo assessed the possible fina￿181 consequen￿$ tor Ihe tharty. They have undertaken a of our 15-mortth c4$h fk forecasting gnd Ihree-ye8r finan¢ial scena1￿ ￿ning. Th6 Tmst6es rgmain r&rfTrJ¢nl Ihat BB0￿ 1$ 0 ￿r￿orn. lel Income Subscriptions incorne and from voluntsry gffts and dMations are i￿auded in the ar£4unts on a basi5. Reslrithd project incorne is included in the accounts on the ofamounts exp8nded an(Vor but ncl Tecew. Legacy in¢(m i% induded when receipt is deerDed to be probabte and probate has teen granted. Income has teen treated a$'deferrgd' wh&re il ffjlaie$ to an 3ctivty taking place in the folloY4ing finanaal year. In GoveTnm8rt Grants Ifurfoughl Government grants are accounted forwhen le￿Nable, as bxKJ as is evthrt¢ olentitlvnent. terwpt 15 wobable and it5 arnounl be measured reliabty. Igl Expondituro All expendrture is induded on an accru basts and o recogn￿ when there Ls a k9al or ¢or¢tru¢twe cl)Ih)ation to pay. Directly 8ltiibutabl& eXpendrtu￿ Is charged to the cost of generaiing fvnds. tha¥ilaiAe ¥cb¥ibEs or go¥ernanc• costs 85 appropriate. Supp)rt costs including governanc costs, which are defirEd a$ t￿sse costs ￿¢￿$s#ry lo deliver an butwhich do ncl cJ)nstituie its Output, aro allocated lo each heading on the basis oleimoied siaff Governance costs a￿ those relate ttr tre general running of tl thanty ratherthan fuTrJrai%ir¥J or caniabk aLlThiity. These indud8 8L1rt fee$. legal advice for trustees and ￿$ts asx¢iate¢J wth and st8luW rwuYeThnts. Ihl T•rmifiation paym¢nts T&m)inal￿Th payments aro ￿CoUnted for on an basi% are tecoynisad fien thgre va a bJal w cons¢Fuclw• obli9atityi to pay. lil Events Events are nol intended to gererate a surplu5 but aro aLl￿d at ra￿1￿ awareness 8br¥Jt wibjfife." therefore. irthre & sh(ywn wllhin ￿0YrreS Irom tharitsble a¢AMtES lother income). Exp•ndiur• on event5 ￿ sh￿n wlhn wbjlrfe •areness and educath)n. Ul Volunt88r Grou BB0￿ has a number of lo¢a1 groups of ￿lUnteerS cary out va￿5 actNits during the year indudirvJ fundraising and Underta￿n9 reserye rnanagernent on our natu￿ reserve5. Three of these gmps hobj thethvn bank accounts aThJ managÈ incomE and expenditure for Ihe5e activities whth vs incorporated into the ￿anCIal stat￿￿nIS. Ikl Flxed a55et5 a￿1 d¢prerlatlon Assets with a cost in excess of £5.(#)O and wrth a useful lrfe exc8edirvJ year are oprfal61 ￿ the balance Depre¢iaiion i% Calculated $0 as t¢ write off Ihe ¢￿t of tangibk frAed assets overtherexFd•J whtl Tl principal annual rates and base$ used for this purpose are.. Plolor vohides and rewNes equiprrnnt- 25% red￿Ing balance Lea$eho￿S- over Ihe periLKI of Ihe kase CDmpuler and office eq￿1pment-￿ 51ra¥ht lir Freehohy buildings excluding bams- 75 years Stra￿t kne Barns- 25 yeats SlraKJht line Capilal addition5 to buikYiTrJs- 10 yeaFS Stravjht Iw Freehokj Land- not <rec4ated 111 Nature Roser Nature Resefves that have been purchased by the chanty ha¥e been cap"rtaltsed at the purcthase Cost NaluR Reserves that have be¥n donaied to the chaiity have beem ¢aprt¥14sed at the best eStin￿ ol cost had tw been purc8sed ty the thanty. Im) lfivestmonts All Invest￿nts art stoled ot theirtsirval￿ at the bakrKe sheel date. Th8 fail ¥ak￿ of in¥eslment proFety i assessed ty managem8nt8t the net tKe3enl value of future tssh fiows a5$￿ated with the rental of the proFertvès o)ncemed. The fairvalue ol Inve$brnnt funds ts Ih•r market value (b￿ prieel ￿lding to the fund manager5. The Slaterrnt of Fin8nc4al AcaNths IndLwJes the nÈtgains and knsses arising on 20

8ERKSHIRE, 8ucKINGHAMSH￿E AND OXFORDSHIRe ￿LDL￿E TRLIST NOTES TO THE FINANCIAL STATEMENTS YEAR ENOED 31 MARCH 2023 revaluallons and d￿s￿S 1hrO￿hOLrt the year. Inl In¥88tm8nts Injdnt ventur85 A joint venture 15 a contrJ¢Xual arlorvw￿nt the char dher par￿ thJ¢rte an econcffjK aLtsity that k% $ubiectiololnt control". lhal Is. when Ihe strateg￿ finawal aThJ poknry de(asrons reming ￿ the ￿l11tS tho unaninYJus consent of the partie5 shariry control Investments In j¢int ¥enlures are rrea5ufed at eosr Impalm￿Trt lol $txk$ Slrs are stat8d at the h7v of et)st and w re•tsat4e ￿1￿8. (pl Cash at bank and in hand Cash at bank and cash ￿ hand iThJudes cash and shcrt term WWKI wTrvestrrnnL8 a shortmalurity of tt¥ep monihs or ￿$8 from the dale ol a4utsrtiM or epeniThJ of depos"¢l c¢ siwr acgw Iql Flnanclal In8trument8 The charrty has finarKval assets at#1 finar#ial lat4thes of a thatqualty as b•s1¢f￿￿1 withiments. Debt0￿. shortterrn ¢kpo$its and sh at bank and ￿ hand are moasured atthe arrthjnt of cash c txMr oxsvJerntv)n exFthd to r8ceved and 3re riui discounted. Trade uedilor5 are rreasurtd at amwnt ofc4sh orolherconsTderat￿s exrmtsd to te paJ arhy are not (h5cwnied ItWe$D￿nI funds are measu￿￿ atfair volu& ￿ ￿￿rdance wth the on inves1￿. Irl Credltors and provlslon8 Ciedilors and piovi&005 8re rocowised the charty has a pr85ert tmm a past event that wil probabty resull in tt transfer of lund5 lo a t￿"rd party arKI th• •7wunt+kn to th8 Ot4gatwM ran est•n8ted rdiabty 151 Fund accountino un￿str￿￿ed fund5 c£xnprise awumulabj suWu8e5 and defiats ￿geNeral fiJThls. TW are 8¥aiWfor use atthe disuebon olthe Trustees in fUrt￿ranCe of the general chaiitle c&'edive5 Deyynated fu￿$ unrest￿led funds earrnarked by T￿￿tee$ for a specffic purpose. Re$trKthd i￿1￿) and eThJcrtwnent funds are fuTrls subieLI to ￿trthj LYJThJlions rnkk75ed by the dont)rs and further ex￿anationS of the Tratu￿ and puwe of 8ach fuTrJ is N(e 17 represert caMal thafi reverwje l￿d5. 111 Eryloy•e Bweffts Short lerrn ben&fts." Short term benefrts. 1ndl￿1￿ holidays atha ¢)ther smiLir non-rTh)r￿I￿ berh%fft5 are recowts&l as an e¥pen8e in the perJd in Ihe sem￿ ts rece￿￿. Defined conlnthrtts7pen￿ The charty operates a defined errtnbut￿n scheme jMin￿lere￿ by AvN3. Tl tor#rlxJts"fm are reccgnised 85 ￿ expense wFn ihey lall due Th• a5set5 ofthe pensiM plan a￿ hehd separntsty from thwty th irK1epethrtty athinistered lurth. DefinetAberJefilpenw s¢hem8$ The ¢h8nty operalÈs one defined tnefit per￿ bwg ts Rwal County d 8erkshire Permin S¢eme IR¢8PSI. The ROW C£wty￿aert(sh￿ Pensm s￿￿￿0 fRCBPS).' The liability recognised In Ihe balance sheet in re¥)Ed of the defined benofrt per￿￿ sche￿￿ 15 Ihe posent value 01t￿ defined benefrt obligation at the eThJ ofth8 repO￿rrfJ Llale IB5S the lair value olthe scheme asseis al the reprytiry date Th8 defined tnefit oblvJalwJn Ls cakulated uswJ the wiqethd urAt methc#J by the s￿e￿.$ uafies. The wesant value k5 deteTminetl by discountiThJ Ile eslimaled fuiure paynwts market yiebjs on hKJh q￿￿ty ￿)ThJ$ lh are denominated in sterfiry and Ihal have temis approximalir¥ Ihe esbmoted perKJ ofthe luture ￿ri¢>J$ I"d95count rate") The fair va1uB offv assets is measwad ift acoydar￿8 rylh ihe FRS 102 1"r vah hrarthy aTrJ ￿dude$the we ofappropriate valugtK>n techniqups. Actuarial 9ain$ atha bsges a￿ng fvom expeMc &JjLtsbYrts arm1 fanges in xtuaiial a55urnpbo￿ are tharged or ¢redi18d to clher comprehenswe Inc￿ These arrnunts Ic9ether wth the rfum on plan assets. les5 arno￿ts indLKled in nei Intere$t. are disclosed a5 "adyarial gainslllossesl on defined benefil pens￿￿ liabilty" The cost of the defined benefit ￿an 1$ rewnBed in the SOFA as wnployee costs arKI ¢4MT¥)Irses the increase in th? pOns￿n benefft liability ansing from employee seTVi¢e dunng lh8 year. aThJ ￿ 0)5t of plan Intr¢xlwxxyts. bÈnefrt changes. curtailments and 5ettkrnents. The r￿1 interest C05t Is calwlatsd by applyiw the d60)unt rate to the ￿ bala￿ oftl benetsl oNi98ts"on and the fwrvalue or the 8chern? assets Tho c051 F ￿rTr￿ed In the SOFA staff pension cos15 DeiaiL4 of the s¢heft assets aTrJ aTrJ mw 855umpbon5 we Sh¢￿ in Noie 16(cl. lul Foreign euwren¢y tr•nskètbn Th& thanly'$ fUr￿K)nal and kyesenlation oJrrerKy L5 pound klafietary asseis aThJ148ts"1ts5 ￿e￿Inatel in fNeY4n ￿rrenC1￿ are tranS￿le￿ into slerfing al the rates of exthange ruhng •ttTr￿ balar￿ sheet date. in ftyewjn CUr￿n¢$ arg reo)rd8d at the rate ruling a¢the dale of the tran$XtI￿ ￿1 drfferertts are rewised in Ihe SOFA. Iv) Lea88d a88ats Rental payment5 under weratrg ases are f*arged totha SOFA(￿ a straNJht4Tw bass tenn olthe kase. 21

BERKSHIRE, BUCKINGHAMSHIRE AND OXFORDSHIRE V•1LDUFE TRUST NOTES TO THE FINANCIAL STATEIIEKrs YEAR ÈNDED 31 MARCH 2023 1.2 Crfttcal aGGounVng ludgThnts and osumatss In preparing these fin8n¢ual stAinents. manageftrt has ma(lejudgeftnts. estsnate$ arKI assurwion$that aff￿lthe apty5UtKJn ofthe charl￿$ accounting politAES and rewrted assets. Ih1billies. irthne and expeThJrture 8ThJ the d￿losuraS In fifia￿la1 stal8rrnts. Eslim8t6S and judgemen15 are conlillualty evaluated and are b&ed on hthital eXper1er￿ and olher fxtots, Ind￿11￿9 exFedations of futur8 events thal are believed to be reas¢nabie under the rir¢umstances. Key areas subj￿1 to I￿g￿nI and estimthon are as foll Defined benefrt Pens￿ scheme l￿bilitieS.. BBOWT has ¢￿al￿)n$ io pay wnstrjn ￿Tr￿fits to cwiain ernFW. Th• cost ofthese benefits and the present value tsf the ObL￿atIOn depeThY on a number of facaors, irKludiry' Irfa expeL#ancy.' salary Irueases,. asset valuations,. and the diso)unt r910 on corporot¢ bond$. Manag￿ent estimates Ihese faclors In delerrninirvJ the pertsion cèltyJab"on in balance sheet as advised by an I￿jependent aduarial •Jvs¥ei. The assum￿5 r8fiect historical experience aTrJ current trerth. Investment propert￿.. The fair Value of in¥estrtnt pr¢Jparty has estimated on the basi5 of the net present value of di8counled c8sh flow5 ovÈr a period of 30 years The cakulatJn of net present value requirestho use of as5uffj￿n5 suth as discount rale and ￿tUre income5 and ¢ost$. The amounts recogni98d in these attounts have t4en estThai•Y by rnaft4eff￿nt basJ on lh• futuro plans of Ihe charity. The58 ¢•l¢ulatK)n$ a￿ subjeclto re¥￿W and re¥iyon al eacb reporting date in rthr to nwsure any chaTrJe5 in the fairvalue of the investrnent properties. 2. DONATIONS AND LEGACIES Donations Lega¢$ 251 391 1.552 642 The receipt of a ￿acY i5 recognised whBn it k% protsab￿ that rt wil te receprtj and thère has ta) 4 of wth8ie. An(1 gny wrKlitions attached ¢0 Ihe legacy are either wthin the control of Ihe Tfttsl Of halrè teen m8t. 3. GPANTS AND CORPORATE DONATIONS 2023 rooo 128 2022 rooo Charitable truslB Local authorilio$ GovernrTEnl Grant- lurfwgh Companies Grant making btsJs 744 558 1.733 1,816 2.764 4. INVESTMENT INCOME 2023 2022 Intero51 receivab￿ on ¢ash d8POSits Dniidends and interest en listed inYests)*nls Renewab18 energy R8nt from inveslment pmpety 31 48 16 107 218 177 5. NET MOVEMENT IN FUNOS 2023 £'oTr) 2022 The net movwnent in funds B aNiveil at arter thargry.. Deprecaaknon and 8￿rti￿at￿)n Auditor's iemuneratw- audit Operating ￿ase rnntsL8 19 65 22

8ERKSHIR& BUCKINGHAMSHIRE AND OXFORDSHIRE ￿LDUFE TRUST NOTES TO THÉ FINANCIAL sTAT￿NTs YEAR EMDED 31 MARCH 2023 6. STAFF NUMBERS AND COSTS 2023 2022 Staff ¢osls Wages and saL41ie$ Naiional Irtsurance Costs Pen>on Costs 3.352 312 2.931 174 3.8 3.365 Theie were no redundancy ￿ lerrination payTherts dunng 22r23 In 21r22 th¥e w#$ rodwklaw wftnt of£1,327 due to the eThJ of a fixed iemi ¢￿tract and or le￿Inab"On pa￿rrt of £11.566 One employ88 received lot empbyee i%nefitslexthth'rywr¢aryer o)s151 ofbehveen £g).CW ond £105.C¥)O during the year. five between £60.¢￿0 and £70.eoo (One erroloyee £¥J.(xx) and £1C(i.rD) and ts¥o bet￿en £60.c¥X) aThY £TO.Cth in 20211221. Key managen%nl peisonnel number seveth kwye ￿tr￿l¢l¥]￿en$IIMjI Imknjiro amphyftrs. Nl and pensJn contribubonsl was £507k 12021122 £443k and seven slaffj. The average numtwofwrobyee5 cabjlated ￿ a f￿￿￿rree9U￿a￿rt ba55. 8naty5ed by func1￿. was". 20TJ 2023 2023 UnrvJtri¢t¢d Restricted Ttst 63 29 2022 2022 Unre$trlcW Restrld8d 57 25 13 95 2022 Tthl Charitable actiwt.es Generating lunds Support. managwnent aThJ 8dfftnislron 71 25 13 101 The a¥¢rage Mc￿t￿Y nurrerofemkloyees on a ladcountbass was 148.$1136 tn 2021122). 7. TRUSTEES. REIMBLIRSEO EXPENSES AND RELATKJ PARTY TRAWCTIONS Dunng the year 2022123 travd expenses ¢>f E126 We￿ iN)Jrred by our T￿Ste£s. {2021r22 value %rd$ £nill Trus￿$ We￿ ￿MUnerated or received benefjl from on t￿￿oy￿￿nt￿th BBOWr. OwirYJ tho year 2022123 no ￿l￿ed Pa￿?$ ere ervJaged by BBOWf 12021r22 no rElateY pa￿.¢5 weffj RiJusi measures are in rAact lo ensure that any Trustee o)nth"cts of inter881 are marb•3•Y n actorfance wth Ch¥ty CLXNYMSSK)n ￿￿jan( ICG111 and tn line ith the organisaiions Albe￿ 0fAssooatif￿. 8. EXPENDITURE Note 10 Direct sUp￿rt 05ts 2023 2022 A¢tknties T(Jial rooo rooo T+>tal fol Costs of raising fvnds Costs ofgeneralry dorwlon5 3fKI ￿9a DOna￿on$ legaoes Membership and rymbershp donaoons Gran15 aw¥J don"or 141 51 158 924 101 1,022 127 132 Olher trading aknti8s Co$t ofgocth sofvj Inv85trneni ¢osts Charitable activities 9J3 1.105 10 10 Natur? reseNes manage￿rt fiklhfe awareness and educats.on LO¢￿r$ afietthewthr countfysi 2,018 1,678 2.347 2,024 2.759 1.671 1.418 148 6.456 23

BERKSHIRE. BUCKINGHAMSHIRE AND OXFOROSTrllRE IMLOUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 9. GOVERNANCE COSTS 2023 2022 Total Totsl rooo Auditols remuneration 15 Legal an¢ Professi￿81 f885 Staff costs Allo¢ation ol Rswf Levy Olh8r 6xpenseJ 17 14 13 19 197 10. SLIPPORT COSTS Not¢ 9 Finan¢ Offi¢ Man•gement Govem•n¢e a Legal R050urco5 SU￿Ort & Othor rooo 2023 2022 Total Total £'ooo £'ooo £'o Costs of raisng funds Costs olge￿ratIng dcnaknssnd ￿gac105 Donati¢n$ and ￿98&e$ Membership and membe15hp donations Crants and corpor818 donations Othertradin9 a¢twit Charitable 8Ctiwlies 10 13 51 98 39 16 26 28 41 16 202 165 Natu￿ ￿Se￿eS management Idlrfe awareness and edu¢atson Looking after the countrys￿8 329 346 321 318 90 70 103 57 12 243 197 1.200 I non4irodty attributabk cosis ￿ •kncaied to aolNitM on the bas￿ o13taff nwrthr5 imiow in e￿ actNty. 11. TANG18LE FIXED ASSErs Freehold Natur• Land and Land and Offlce Bulldir Buildin Veh￿leS Equipment Total rooo £'ooo £'ooo COST At 1 April 2022 AdditKJr 1.750 3.519 492 77 6,300 118 Cispo$alsladjustments At 31 March 20rJ 1251 437 (251 6.393 3519 77 DEPRECIATION Al 1 April 2022 charge for year Elminated on disposal At 31 Ma￿h 2023 1,498 122 391 74 2,875 225 1241 3,076 1241 355 1,620 420 NET 8OOK VALUE At 1 Apiil 2022 1,194 2.021 3,425 At 31 March 2023 1.196 1.899 82 3,317 24

BERKSHIRE, 8UCKINGHAMSHIRE AND OXFOROSHIRE IMLDUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 PIARCH 2023 12. NATURE RESERVES FrEehold COST Al 1 Aprll 2022 Additions DL8posalsla4usiments Nei B￿￿ Value 31 Marth 2023 246 246 Naturè res&rve$ fyned f¢eehobJ tythe Trust CSV8r 1330 h8(are5 Th8 area ol nalurB ￿eryeS mwaged under a9￿mentS or18as8d is 1313 hectafes. 13. INVESTMENTS In¥•Btments Property 1l¥krfv•l￿ M¥ketValue Valu8 Prop8rty At Cost Total At Cost rooo 2.320 At Cwt At 1 April 2022 In¥estm8nts a￿Uired in year Net11055esl IgairB in year At 31 March 2Q23 1.587 1.182 1.182 2,320 The Tw5tee5 hasy conbnued to ￿SU￿ the investrmrt slrntegy del￿er$￿ bast reium lor TnA5t th45t rnakn.ry invesknerAs that fil ￿th our Chanta￿ puipose The Trust heJ Inveslm8nl wtfolK6 with CCLA. the LArgerofts bvu1£1m al tthtl represents som ￿strIded and general fund$. whi￿[ the SMal￿r of th8 h¥0 has sok purF¢)se ol wovidir¥ for ary potenti•l hjlure penS￿n liaknlities ansing fr￿ the transfer of statt1r￿ V¥Èsl Berkshire CwrKil. Any y￿(¥￿e ielaled to p￿10 15 reM￿sted The chanty owns the 2 ordinary £1 shares in FU￿re Nalure wrc Lld llorrna1lykrKfi￿ as Berkshio Bu¢wvJhanshirB aNJ Oxlordshire IMl¢Jlife SeNices Lldl. ts wholty owr6d subsithary %•thKh had been thrfrnanl sinre 2t>)5. 11 a pThv limiied c¢¥np8ny irKLYporaled in EThJland & Wales {cow￿anY iegL5tratk)n nufnter028487281 14. DEBTORS 2023 rfy)o 2022 Trade D8btors Sundry Debto Accrued in¢off Gift Aid Claim Re￿er&b￿ VAT Prepayrnents WBC Perts￿n ind8mnty 157 14 436 149 48 32 201 207 1.102 Wac Pensons Indemnity of£207.(YJ12021r22." £207.(W 6 recovwobb ffwlhan a yaaf after 31 2023. Thi4 would only be actNated in the event Ihat the pensKn 5d￿ne liablty ￿¢Me payabk arKI there was a liabilrty on the scem8 at that pthnt. 1S. CREOITORS: AMOUNTS FALLING OUE WtTHIN ONE YEAR 2023 Ttade Credittir5 Accruals Other Othev Taxe5 and Soryal SerJJrity 275 127 78 41 75 67 549 15b CONTINGENT LIABILITY The Roy31 ol ￿'1￿life Trusts IRswf) is ¢)Jnenty investvJatirJ whetrr add￿￿al pa￿￿￿ts lo the Wdlile Trusts Pen$ion by BB0￿ arE required 10 rneet historic pefi5ion liabl￿t$ R￿.$ investsgations may wuire legal pr￿￿dIr￿)5 ayain5t otlEr third parties The IKrt¢tTh ofthi$ process not expecaed to be knwi lor 12to 24 rtwths. 25

BERKSHIR& BUCKINGHAM5HIRE AND OXFORDSHIRE I4ryLDUFETRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 16. PENSION COST5 The thanty operates two Feysion 8rrangeffnts as out)Bd w￿.. 8Bowf Deflnod cOnt￿bUt10n Scheme BBowf uses A¥wa and ￿ntrIbutIOnS to the scherre a￿ recognised a$ eX￿ndrtUre in ac¢ounts then t￿ fal dug. Th? liabilty of charity In re$pe(x ofths ￿heme is Imrted to an oblgatron to make payrrEnt5 when they faw d￿. R alcou of Beth5hlr8 P•fis1 Tha charity has a number of empbyees who are par￿¢pants in the Royal County of Beth5hire definèd bÈnefrt. muttioryloyer, pensK)n scheff. Th8 scherne 15 dosed to new enlr¥nts. atthou9h sort staff who transfer￿ empwient to BBowf frorn West Berflshire Council bul %¥ho ar8 nol m8mber5 retaiTh the nghltojtyn the sd)erne whth ts contrJ(ied out of the state se¢oTrJ pons￿. Atthe point of transfer. a notional fund wthin the Royal County of 8erkshire penS￿n fuTrJ was estatrdisW. The v81u8 ofthis fund was detemingj by an actuary in accordan¢x> with Ihe 3pprooch set tsul in the Pe￿￿n fund poliy. whereby the Value of the notJnal assets equ81 the value olthe liabilitstss. ¢a1culated on an oNJ¢iÈ¥J fundiw bass Ths basis is used to ensure the level ol ongoirvJ contribution5 is suffiuenl rretfuture benefil payments and those Nntributi￿$ are shon as expendrture thin the Statement of FInar￿al ACt￿￿leS. BB0￿ is required ￿ reptxt on the l￿b￿lty lor ¥th8me in •)))rd8nce with F￿anC4a1 Rep)TtiThJ Standard IFRS1021. the puw of whKh is to allow the pension obligatv)ns of drfIe￿nt enwkny8rs to compafed in a consi%lent and market-related basis. Tttvs rnelhod ofvalualion shows the liabilty al the wnt ¢1 Iron$ler of £207.0￿ which rs vlrthin Resiricled Ir￿Orr Funds because. under th• t8￿r￿ of the agreement with West Berkshire Counol, th& (x)unol has Indemnfvd 88OWt againsl thi% fvTrJing def A full xlvarial valuation of thr3 fuTrJ was car￿d out at 31 March 2013 aTrY each yearwTKe. In xwrdance wrth FRS 102. The didJsure as ai 31 March 2023 rtew Shows that a surplus of£73k has t4en ach￿ed Th• moverrnt as a Iran5ferfrom unre51rthd fund5 a$ it ha5 ¥Tisen since the dale ol transfei ofthe employees to BBOWT. UTrJw the terrr6 of the W85t Berkshire Grant A9reerrent. BB0￿ are requirtd to designate a Sum of money to cover any failure to ourfinancial ￿vJat￿ns to the perts￿n fund. Thi5"retenb'Oll arrh)unt ha$ been invesled with CCLA and is identifd as a DesvJnated Fund in thB fuTrJs Stat￿rt Irth 17). The value ofthi% fvThJ exc¢ets the Ikqbility in the West Berkshire Pension ReseNe. BalanGe sheot posllion as at 31st htsT¢h 2023 2022 £'ooo 1.170 1.726 Fair value of plan assets Present value of lunded eblpaatior Net asset I Iliabilty 1.169 73 556 ImpaGt On Statement of FInanC￿ Acttvitles forthe yoar to 31st March 2023 2022 rooo 37 15 Current Serv￿ cost Net interest on the defined liablty Administration expenses Totsl amount charged With￿ rt in¢omelexpenditure Actuarial (gains} Total Icredrti to Statement of Financ￿1 AclNit 39 14 222 610 Actual r•tum on ￿￿emè assets 142 Reconclllation of mo¥ement5 in the dDfin•d b•n•fft dbliwion 2023 2022 C(￿0 1.783 39 D8fined oblTraation al 1 April Cu￿rtt service Cost ContriiMJli¢n$ by s¢heme part￿1panIS Change irt tIemograph￿ a$*1M￿.0n$ ExperkirKe loss on defined ber￿ft olJty3atK)n Estimated t4rEfrts paid nei of transfer5 in Past seNice cc6ts. Ind￿j￿g curtailments Interest Cost Chawe in finanryal asSuMpt￿n$ Dtfined benefit oblwjotion at 31 Mar¢h 37 1511 27 1251 45 103 26

BERKSHIRE, BUCKINGHAMSHIRE ANO OXFORDSHIREV•lLDUFE TRi NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 21123 16. PENSION COSTS IRoyal County of Berkslwre Pension Fund r0nlirK￿dI R•cDnciliation of movemenls in th8 fair value ol fund ￿$•￿ 2023 Fair val¥e of Scherne assets at l &DriI Interest on assets 1.170 1,042 21 Return on 35sels less mierest Olher acluanal gain￿{10558$I Ad￿nistrab￿ expenses ConlriiMJlion5 by enwoyer Conlnbulions by Sche￿ parttipants E51imalal bÈnefts pad ￿u5 unfunded rt c41r8nsfws in Fairvdue ofS¢heme assets 8t 31 M8 (29) 19 25 1.170 Tho major eat•gorl•¥ of plan $80ts at 31 M•r¢h as follo." 2023 2023 2022 rooo 734 194 22 EquttJ"e$ 733 63% 170 63% 16% 12% Pfowty Cash Infvastructu LoNJevrty Insurance 13% 18 1% 161 14% 61 5% 1.169 100% 28 149 13% 1.170 The m4or assuffpl.ons olthe at 315t Cfl Increases s￿ary Increases Pension Ircrease5 rh"5Gwnt Rats 2023 2022 3.2% 4.2% 3.2% 2.6% 4.8% A85urned lrfe exp&tsnoes at age 65 a￿". R8lwiw Ic¥Yay Mes Fema Retmg in 20y8 Males Fema16S 2023 21.1 23.9 2022 213 240 24.3 25.4 flnèd Benefi P 2023 rooo 12801 207 73 2022 The tota riabty for deffir￿ pension srheme5 15 as 101ows $t Berks Pension Scheme- Unrestricled Incow Fund st eefks Pen¥on Sd%rrf. RésuNxéd Fund 349 207 $56 27

BERKSHIRE. BUCIQNGHAMSPllRE AND OXFORDSHIRE IMLDUFE TRUST NOTES TO THE RNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 17. M¢)VEMENT ON FUNDS 1 Aprll 2022 Incrxnlng RoourcesOth¢r Recognlsed T￿&1•19 31 March 2023 R•8owco Exrnd•d Gakn IILo•81 (note 21} 2022r23 rrM)o rwo rooo 111 Unr•$tri¢ted In¢tyn• Fund$ Geneial Designated - FA5 & Invesirnent Propety Designa￿ . N8t¢re Reserves Designated- ProJe¢X Deve1opm8nl Desigrtated- Strategi¢ Oevek)pr)t Designated- Fixed Asset InVe4￿Trt Designated- Royal Counly of BerW¥re Pertsb Roy81 County of Berkshire Pens￿￿ Rese 5.076 (6.3931 (2251 1821 813 117 3,Q48 4.904 7.309 22 347 5.012 74 510 1521 11631 1501 247 13491 16.486 151 242 1341 16.8151 280 16.152 5.076 576 628 1111 Restrlcted Income Fund8 Restriclefj ProjefAS Royal County of Berkshire PensiN Intknnty Royal County of 8erkshire Pensim Rese 1.435 207 120n 1.435 (8411 1.571 207 12071 1.571 18411 (8281 Total Fund5 17.921 6.882 17,6561 $76 17,723 1 Aprfl 2021 IncomSrvJ Resourc880th8r R•cogr¢l8ed Transfws 31 March 2022 Resources Expended Galn I ILos$l Inote 211 to eooo lil Vnrestri¢teil In¢omt Fur General DeS￿nated- FA5 & Investment Prcwty De$KJnated. Nature ReseNes OesvJnaled- Project DevelcprrHJrt Designated- Strategic Desi9noted- Fixed Asset Invennt Oe51gfjated . Royal County of BethShI￿ Petsk)n Royal County of Berkshire Pension Reserve 3.174 5,171 6.819 5.692 15.7051 12261 343 67 490 1201 250 3,633 5.012 7.309 74 510 1401 221 15341 15.245 247 13491 16,486 13n 16.(X181 376 {ill R•strl¢ted Income Funds Restrided Proie(ts Reyal County of Berkshire Pension Indemnty Reyal County of Berkshire PenSIc￿ Re9eNe 3.779 12.0181 1.435 207 12071 1,435 12071 3.779 12.0181 Total Fund8 16,1)99 9,4n 18.0261 376 01 17,921 111 Vnrss¢rl¢tsd Income Funds D&swt&d- Project t>ev8lopment Fund. £52k was re￿aSed badE general lurKl$ beavirY4 £22k 10 appld ft)r a ￿#￿ThINg proierA lundir shortfall in 202>24. Thts FuTrJ 1S8llocaled te w￿￿￿efor$peth INe reslrKaed require'maid￿ funding, frun BB0￿$ own ￿Se￿oS lo complet8. This fund refiects the surn totsl ofthese indNJual allocab￿ Dfr$ignat8d- Slr8t6gK DevalOprn￿nt Fund. The puw of th5 luThJ s to pro¥Ale seed fijnding fo¢ inilAtives or pro9rammes, 88 W811 aj finanaThJ forstrategic OFgOrtunities for BBOWT thatwe are unable to seDJre suifKnt ext&m81 finarKaw to (x￿MMen￿. Des1&￿a1ed- Royal Cwnty of Bethshire PensJn'. bJTrJs set asNJe under requyernents of the agre&nenl with Berf[shi￿ Council to meet pension fund obl'gations. Royal County 01Be￿￿hlre PeTrs￿ ReseNe.' thi5 represerts Ihe ffl¢Mment in the FRS102 lund ¥8tuatYJn s￿( Ihe ptynt oftransler of staff from the counul January 201415ee Th)te 16cl. 28

BERKSHIRE, 8UCKINGHAIASHIRE AND OXFOROSHIRE ￿LDUFE TRLL8T NOTES TO THE FINANCIAL STATEIJIENTS YEAR ENDED 31 MARCH 2023 17. AIOVEMENT ON FUNDS (tortin￿dI lill Rostrlcted Income Funds Rasbicred pw$." represethts the balarKe olfuTrJs hehy for hJrKJed fr¢Jm restsid￿ irKmè Anatysks of these fun05 P5 shows in nole 17b. Roy&l CountyolBerkshKe pens￿ R•seN8 the'Pwsw Resefft. iements Ihe FRS102 habilty at the pclnt oltiafftsler ofstaff Irem Ihe c¥JurK41 in January 2014 15ee note 16cl aTrJ the'Pensth relyesenls the lThJemnty PfovideLI by ￿$1 Betshire Council to covei this liabty. 17 Ibl Analysis of Reslricted Funds 2022123 1￿mIng 1 Apr413J22 Re8wrces Expended Transfer8 A$at 31 March 2023 £'o¢)o Slgnlllcant Pr4ects Arta Ash diebad( apFeal Aston c￿nIon conseryabon Batlger va¢onal￿n programm Bernwood Otmoor Ray feasbilty st￿1 BOR larmei auster blrd FeedirvJ Catdwnen(- Cherwel Colege Lake a￿$8 improv8rrnts College Lake educab.on pty Crookham Poc48 Oancersend Cdebpion Roihschild Dormou88 ￿'ttre Llndlord Woods Engaging NaturE Hakn'lal bankin9 lffiey Meadows irFyrovw￿nI Inkpen Ccthrron replacerrent boarthwa Land acqui$thon fundirKJ Letcombe Vall8y Ludgersh41 Malvem ShN Garden Momng & M¢olng in the N Wessex Drm5 Natuie s Msion for Oxlam corridor NDC lake resloralion NOC refu￿ & intelpretalion Nexi Door Nature- Re&ing aTrJ Sknbjh Oxon Wwkfe Srtes Photography ¢xhib￿On Pwey Ro￿h aiound the Edges SCEEC Wldlrfe ga￿len iegenefaknn Sndsmore CommoTh Thaicham Reedbeds Warburg Wardening & attess Wardening al Greenh￿ WBC sites funded grani (Il Wld arid Free bursari85 Wild BafvJury Id ￿teSter Id Vergas Wildmoorgtsiing r¥nirodutlity) ¥Mndsor Great Park VVoodlaThl W￿derS ofmw Ccpg¢ Wodky Firs arabk re¥er&on Woc41ey Firs inrwetstion Smaller funding Iiil 1291 Bu¢$ 45 14 39 1631 (91 1251 10 15 131 12 19 41 BLKks PAJ(5 1321 181 1241 1371 151 1221 23 81 15 17 47 181 (91 (21 Cross cour 16 rks Cross ujur Ox J￿5 Cross ￿￿nty 451 192 24 453 186 32 141 37 1291 13 Oxon 20 10 125 23 191 Oxon 25 1231 131 22 17 175 Oxon 175 1281 1191 (71 141 16 14 1101 Oxon Bwks 178 1131 1131 165 137) 41 474 14741 (71 191 Cross 0)l￿ty Oxon Oxon 8erks Berks 13 51 12 1321 21 1481 11301 13} 141 181 14 137 37 14 14 Cioss o)urt4 1341 18411 1731 1828) 1,435 lil ￿$¢ Berk$ Covn¢il L8nd Alanagen￿l- BBOWT rtteNes ￿ annual grant in for Ihe mafiagemenl costs of certain s&es Iiil Sfflal funding ra a su￿ary oltrH)5e wth aivity (in¢1￿. expend(¢ure or balarttsl beky•£10. (iiil Transfefs recogThse the fmdiry of unrestrKaed core work by restrKlvAJ grants ordonabms aTrJ are analysed In rTr)re detail whin note 21 1.571 29

BERKSHIRE. BUCKINGHAMSHIRE AND OXFORDSHIRE V•lLOUFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 IAARCH 2023 17. MOVEMENT ON FUNDS (co￿n￿ed) Ibl Analy8ls of Re8tr1ctsd Fund8 2021122 kncomlng R080urc8S l Awl 2021 R•sour¢es Expended £'ooo Transfern A$at 31 March 2022 ro Sionifi¢ant Projects £'ooo Badger Vaccinat￿ Lwra hjnded Bernwood Olrnoor Ray feibility St Carbon F￿)rIn1 Calthrnent- C￿￿￿1 DO￿r98nd Celèbration Rothschild Domiou8e Mrtigalv)n Litk LiTrJford WrK#Js Engaging Natu Habitat banking 5cher- IRF Haymill Valby Hedgerew Have Hosehill CIL irnprovernents lffley Meadows man•Jem8nt Kintbury Newt Pond Land fund ￿$tir¢ted L8trA)mbe Val Ludger5hall Meodow Farm Raittr Nature's Msion for Ox-cam Corridor NDC lakn rost0fab.on Oxon ￿￿llife Srtes Photography exhitsb'on Pixey Riverm88d Rough aiouThJ the Edges SCEEC- Ed Wa￿￿rg Wardening & Ar￿$$ CIL [v￿j￿j Wardening Greenham CemThJn Wac siles funded grant inccrne VVEG Chimney Wild and Fr8e b￿r$a￿S Wild Banbury Wild BI￿ster Wilj Verg VVlk1moor 8oaidwaN inyioverrÉnt5 Woodland Worxlets of M￿r Cop5• Smallerfunding litl 14 10 10 15 41 213 14 53 Isi 10 [201 QAon Budts Buck5 121 161 1251 151 IBI 1861 102 15 25 1461 8ud(s 32 1351 10 on 28 18 151 23 Cross ccwrrty <on 451 192 24 193 524 14901 10 24 71 28 121 Oxen 41 20 1821 (221 Oxon Berk5 Oxo 25 20 175 175 21 1251 1201 ¢$ Oxon Oxon 27 15 178 113 178 1921 14651 Oxon Cross county Oxon Bufs 1,374 11.3601 191 13 10 15 1221 1131 1281 12 12 62 181 1391 12.0181 141 1441 Cross munty 62 42 854 3.779 1,436 lil West 8eTks Counol Lané Man4ernent- BB0￿ ￿￿elVeS an annual grant in tsthB man•Jerrent Costs of ￿rtain stss. lill Small fundirrfj ￿ a summary of those with actNty IinccffE. expeThJrture or balaKesl tekJw£10,0 liiil Transfers rerA)gn6e lundirq of Vnrestn¢X￿ wotk by wtrKxed gmnts or donatw6 and are anatysed in more detail within note 21. 30

BERKSHIRÉ, BUCKINGHAMSHIRE AND OXFORDSHIIIE ￿LDLIFE TRUST NOTES TO THE FINANCIAL STATEMEPffS YEAR ENDED 31 MARCH 2023 18. ANALYSIS ￿ NET ASSETS BETWEEN FUNDS Tow Fund# 2022 rooo 3.425 FunLts Funds F￿d$ 2023 202J rooo rooo 3.317 Funds 2022 roots 2023 2022 Fixed Assets Nature Reserves Investments Currenl Asstts Current Lia￿￿1￿5 Long Term Assets LoTrJ Term Liab'lit 3.317 3.425 3.3 2.399 15491 3,3 3.970 15491 3.4&1 3.483 4.715 1.571 1.435 18621 207 207 349 556 16.152 17.723 19. OPERATING LEASE COllhllTMENTS At 31s1 M￿h 2023 future miThmum rent payat4e in resk￿ rwatrrwj kneswe." 2023 onk• Equlwrt 2022 t)1fi¢o Eq￿[Thrt Minimwn lease rentsL8 laling du8 less than one yeai between and five years Total cm)Itff￿nt 18 40 39 65 Thtre w￿8 no ￿age rent81 corrfflrtmenls to rfdose as ssor as at 31st March 2Q23 20. CAPITAL COMMITAIENTS Ary Insl8lP8b"on of 3olar panef5 at Th2 Lodge was in progress as 8131st Marth 2023 aTrJ rnnplded in l Awl hnal Invoice was f¢r £9,300 wlich vi8s ieceived and paJ on ¢ory￿￿on of the ¥wk5. 21. TRANSFERS Transfe15 beN¥een each category offvrth sh(th￿ telLY Funds Funds al Transfers. restnded to core 828 828 828 al core unrestiict*J are furthd by restyKted grwts dWat￿ 31

BERKSHIRÉ. 8UCKINGHAMSHIRE AND OXFOROSHIRE VaLDUFE TRUST NOTES TO THE FINANCIAL STATEIEKr$ YEAR ENDEO 31 MARCH 2023 22. JOINT VENTURE BBW entered ￿t0 a joint venbjre ￿t￿ seven other llrfe trL6tsto foTh ￿h￿Irfe Fundraising (Centrall fWF¢I, a pri¥ae cthmpany limited by members guarantee registered in ErvJLand and Wak$ luyrwany number 083722181 The corroanywa5 fomed in January 2014 to provide rnemkrship recruthient seNices to the founding mtynbers. Tim L¢yth. a previous Tfttstee of BBW. has been 8 ¢jI￿(lorD1￿Fc Sin￿ NoV￿ber 2017. There are S￿en fflernb￿ in totsl. orte hawNJ the arrarfjeTreDt. No initial inveslmentwas made in th8 c￿npanY by the fcwnding rwbpts therefore no invesbnent ts Ind￿jed In the 880￿ baknee sheet. Instead. the four(r$ provided the o)mpany with a loan to enable it to cwwrence trade. Thi8 loan was luny repaid to BBowf5 2021122. The 5umrnarEed ofWFC ale set out bel￿.. Provlslonal 31 IAafch 2023 Audltsd 31 IAuGh 2022 Prolltaftilloss ¥ttounl Turnover Adrnini5tratwe expenses Interest payab IDofflcltVSurplu$ for th• y•ar 1,302 11.3291 1.333 11,1241 204 B•lènce sheet Fi¥ed assets Curnenl assets.. Oebtors Cash 81 bank and in hand 333 255 CTEditors." amounts falling due witlm'n ￿ar Net CuThenlAssets 232 192 Lon9 tarn credlors- loans fromilJlrfe Iw4 members Net a$$ets 358 As 880WT does not prepare uinsolKlatwl finanual statements rt s not to undertake equty 3tt0uniing to rwrti$e a kyoportion ofWFC's resu￿ foi the year, assets and liabilitS ifi these finan￿1 $uements. The artides of asSttlat￿n of pro¥hYe 8Bowf entitlement to ihe surwuses in to the extent ol the 0yrtri￿JtIon$ made fft ￿ChaThg9 fvr the metnber recruitment servKe5 provhjed by On the ba￿ of BBowf ￿Ing one out ofthe seven wildlife trust rnembers, a one $gvenlh proportion of the resutts and net assets 0f￿c woukl ￿ reCOgn￿ed in the conthKlated acxounts ol B8owf if equrty accounting wa5 applied The impact on B80wfs finanaal statements a defDt of £4k12022 £29k $wpI￿) in Ihe ￿su￿ for th? year and inciease in nel as5e15 ond reserves of £51k12022.. £55kl. Transactlons Ylth V•F Ouring the year WFC charged BBowf Corr￿￿￿ Of£2￿ on m￿rshIp tctslh.ng £55k12022.. £2811( on £62kl. The conNn￿81O￿ charged reflects the long-ttrmi v8kJÈ ofthese new membership subscnp￿s to B80W. A h051ing chargo of £9212022.. £7691 was tharged to durllw tl* yeat. At the baLqnce sheet dale an wnount of £nl12022". £nill was owed to B80V￿. B60￿ re¢¢N￿ £nil ban inleresi rw4Y￿nt{2022". £1.1181. The knan via$ lulty repaha 17 2021122. 32

BERKSHIRE. BL￿￿1NGHA￿s￿lftE AND OXFORDSHIRE V•lLDLFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2023 2J. ACKNOWLEDGMENTS The Boaid 01 Trustee5 wishes 10 atht£&Je gr￿ts and ¢JorHtions Ircffj the fc41¢yw toliBs. An extended list of donors B induded wit￿n the Annual Re¥￿. Local authorftl•s B￿ingham$h1r& County cO￿til Chethell &strict Counul Swlh Oxfordshwe OBlftct Cwnc Oxlordshire County Cowul Vale ol White Horse Clstnct Crrtmcl $1 Berkshi￿ Counol st Oxfordshire fistricl CwnG Chiltems C￿servatI￿ Board Nats"onal Lottery Cumwnrty Furn1 The Royal S￿1 oIWkMe IRSWf) Conserv)n Prwi Thames Wa￿r Landhll C(¥nrnunltles Fw Veol EDwrorffi8nlal Trust Gotsndon Wasle Man4ement Ltd ststutory organls•tlons Enwronment A9en¢y Naluial En9ll￿d DEFRA Charflablo Trusts The CLA Charitab Trust Rolhxhild Foundation The 8a¢ii$ler Trust The Joe aThJ Rosa Fienkel Charitth Trust The 0.0￿Y Carte Charitable Trust The Richard Rad¢h"ffe Charrtat4e Twst Greenham Twsl The Ou Plessis Famty FouTh1atv)n Mr 8 Mrs J A W's Ch8ri18Ne Sel¥emenl Biian D NewrThan Feundabon Environn*nt The Dorothy H￿￿5 Charita￿8 Twsi The Dawd Brojke Chaity 33

BERKSHI￿ eucKINGHAMSHIRE AND OXFORDSHIRE ￿LDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 24. STATEmETr￿ OF FINANCWACTMTIES YEAR ENDED 31 MARCH 2022 Unr05trictod ft￿￿¢1•d Funds Funds Total 2022 rooo Tot•1 2031 Incc4no aThJ endoThents from.. Donat￿n$ and ￿9￿CleS Donations aTrJ le9aues fr¢m ￿d￿xIUats Membefship and mernbership dOnat￿S Cfanls and Co￿$rate donatyen5 ott￿rtradIThj acbvth'es Investments charita￿ activit Agii4nvironrrnnt xhorne grants Other inc(xne 1,109 3.1C6 75 22 3,1[ 2,764 939 2.732 2.319 220 193 2.689 177 358 205 474 138 Total 692 72 Expondllure on.. Raising funds Costs of generating donaknns and gaoes Denations and legac Membership and membership Grants and cxjrporate donatio Costs of ¢thertradity aaivittes Cosi$ aS￿l2t8d wrfth Investm￿ts Charilabk8 activit￿$ Nature reserves managemenl ¥Mldl¢f8 awarene55 and educat￿￿ Looking after the widef ¢(xJnlrys 1$9 158 120 702 147 434 132 132 23 1,929 830 228 9eiJ 2,759 1,671 1,418 1,824 978 458 Total 1018 Net lexpenditure)Iincort Net gains on irwestments Net lexF4ndrtureYincorDe aftergain cffj Inves￿￿ts 13161 1,762 1.446 154 577 297 162 874 A fu118natysis ofthe 2021r22 accounts 6 avaiLAe w rwr%￿bsrte". MWJAwM¥.tkntorg.ukJpU￿￿tIO[ 34