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(￿nI*S. so nature arKI t*W¢ can thrive and our dimal
has a chance for recovery.
Our kgy acNe¥em•nts agalnst our fi¥e*ear 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$￿ely, with ofsamples recording abundant herbs. In 2013 pre-
Storatic￿ no samples were cOn￿dered to have abjndant herbs.
Adders were radio Irac*ed at GTeenham Common to help establish dispersal distance
and populatw connectivty. The lurthesl distance moved was by a male al over 2km.
The new liver chanrEI al Duxford Okl River, created as part of a WEG funded projèct
Was fvlty opene(l in the summer. Ekntrtrfishing carrEd out Liter by the Environment
Agency shrywed a good diver5rty19 species) offish using the channel.
Cdlege Lake island supported good numbers of ground nesting birds with 19 ccm)mon I
lem nests 8rKI 15 lapwing nests re¢xJrded.
The dragonfy tsanse¢t at Parsonage Mwr r￿Orded a rec¥)rd 425 southern damsdflies i
on 16 Junè. This is almost fourtimes higher than the prevhws record count!
25h8 of fr￿MeT arab]e land at Woolbey Firs was taken back into direcl management.
Grani lunding of £46.739 secured from Veolia Enwronrnental Trust to create grassland. I
WC￿land and h￿Y*r0￿ h3bita15 frorn 2023.
I Creat• blggar, wlldor,
I connectsd landscapes and
netsvorks wh¥r¢ wildllf¢
We have del￿ered ts)nservab"on projec*s arrn a total area oi 93.615 ha.
The West Berksh*e'Wdd Verg0s' IK4eci WKlertook botarwcal survtrys ovw 25(1(m of
road verges.
322 srtès werè suwveyed for water voles. ￿Vering 161krn ofwalercourses. We
CA>Ofdinated 228 mink raft5. whth successfulty trapped 23 American rnink to help
con$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
invÈrtebr*ès.
' 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&Ju*s 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 re*vant 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 provi*on #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 ac*wties 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 weavir*J 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 count*s 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 fr*wildlife 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 tnJst*s 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$ines5 plan. updated to rellect wogress
8fter Ihe se(￿n￿ year of the cJJrrent Strateg￿ plan.
i Grow and diversify our
member¥hip ¥upporter base
i and develop n
sustalnable Income stmqms
Our Mlswn-￿ad ecdogThl consLilancy'Future Nature. is n(yw in rts second year. The
locJJs during yèar wa5 building up the ecdogical resourcès and growing the
Jstomèr base. This is still operatiThJ currentty as a brwd frorn wlhin BBOW and is
designed lo drive future incxJne to Trust bui also to a¢hiove impact for nature
auoss tsUrth￿e ¢ountw.
Mèmbèrships at year end 2￿22-23 reathed a neAf ligh of 28.711 memberships
Ireathing 55,000+ inOvidua1sl, with cver £3m inwne ￿et¥ed from memberships.
unthe(I the Meles Q'rcle, our new programrne lor indivKlua15 able to ￿ve
tran5formaticnal gifts to B80￿.
We a150 launched a Legacy Society, aimed al thanking and honouring those indivmluals I
who choose to leaveArfts to 880￿ in t1￿"r WIL5 dunryAtheir lifetime.
We developed and launthed OLtr EqLrality, Equrty, Divorsity & Indusion IEEDII Plan
Wè continued lo devdop OLtr employee dèvèk)pment programme SEEO, with two more I
hort5 and laU￿hed a SEED EXTRA prryramme.
We created Ihe Four Found*"ons- Great C¢￿VerSatiOns, Feedback, Coarhirg &
Awareness of you and me. wh￿h will underpin staff training for the nexl yèar.
We recruited and onboarded 41 new starters.
We irnplemented two new HR platforms- 80B our HR inlom)ation syslem. and Applied I
our EEDI speoalist rewilmenl plattorm
We continue to evofvè C￿1[ Employee Forum and Volunteer Voice Fixum.
We have enhanc*d our benefits package to reward our staff and to be competitive in
the market.
We imp￿Mented the 3CX tdephone system. induding creakn.on of automatic phMe
trees and creats"c¥) of extengons linked to individual staff Membe￿ regardless of
IcKalh)n. This ensure$ 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-pc*nt 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 l*nefit guidan¢e published by Ihe Charity Comrnis5ion
in detemiinin9 the actNibès lFnd*rtak￿ 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£lL*les 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 m6*tings 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$, ¢xpert volunteer5. the Chief Executive.
Finance and Govefnancè Dirèctor and thè Head of Finance.
The Finance and Audit Committee is thaired by a Trustee
nomin*ed by the Board and is responsible for monitoring ihe
fin8n¢ial heallh and thè intemal cmtro15 of the organisation.
Promoting Saf¢gu•rdlng
Safeguarding is a key govemance priority for Trustees so
Ihal the risk ol safeguardin9 inridenls is minimised, and so
that rt is safe for t1￿* affÈctèd to corne forward and repc>rt
inodents and Co￿rn$ 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 8pprc*ch 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 ye*s of good wcwk. Whilst day to day resFonsibility for
lundraisiThJ is delegated to staff. the Tru*ees 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 contr*ts 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 melhc*Js 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 ￿ propo*J 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￿.￿￿$:
Dis¢us5itsns w(Ih managtsmertl induding cO￿￿eTaIlOn of known ￿ suspeded insl8nce5 of non-comp11ar￿ with laws and
regulation and fraud.,
Evaluating managemenvs controls designed to prevent and detect irregularities..
Identifying and testing joumals, in particularioumal entn.es posled unusual armunt combin8lK*ns. postings by unusual
usets or with unusual descriptions". and
Challenging assumptions judgements made by management in their critscal ￿Counting estimates
Because of the inherent limitations of an audit. there 15 a risk thal we wll not detect all irregularilies, induding those leading to a
material Th4sstalerNent in the financial statements or non-(*￿pIlance wth regulation. This risk Ir￿reaseS Ihe more that compliance
with a law or reguL4tion is rèmovèd from thè evenis and transarD￿5 rèfe(aed in the fi￿ar￿)07 statemen15. a5 we will b8 less likety to
become aware ol instances of non-cornplk2nce. The risk is also 9￿ater regafdtn9 irre9ulariti.es o(urring due to fraud rather than
error, as fraud involves intentional ConCeal￿￿nI, lorgery, collusion. omission or rrllsrepresentation.
A further description of our responsibilities for the audit of ihe financial state￿ntS is Icuted on the Finanaal Reporting CouncAI's
website al..
. This description forrns part of our a￿J110￿$ 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 man*Jernenl
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$:
Aduaiial gains on defirvéd benefit pension schw%5
Net movement in fthds
222
1.822
13341
11981
Recortclliation of Funds-.
Totel funds brought ftyw8Td
16.486
1.435
17.¥21
16,099
Total funds carried fo￿ard
18.152
1.571
17,723
17.921
The net def￿L f￿1he yeai, togelhef wilh details of irwne expenthture requir•J by Ihe cC￿Panies￿I may be dèh¥od fr
nel IiK<¥neiieypendrturel the StslenRrt ol F￿ants￿ ActAfrt*s at
The note$ on page$ 20 to 34 fomi part ofthese arAxunts There 4*re no reccgnised gains ¥d b5sesothor Ihan those shown in
the above Statement of Finanoal Actmties ￿1 transactws are derNed frtyn contin￿n9 activit*s
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 modrf*d to ir￿ude the waluation of investments al mathet
Val￿. and In accordance the Statement of Recomn*ThJed prath￿ fvr ChatrtE5 ISORP 2015 Second Edition. effectwe l January 20191 and
applicable xcounts.ng siandards IFRS 1021. 8Bowf th¢ ofa l*nefilentty 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 resu*s aTrJ of th& chaiitabbè thmpony as a $irK4*enNy aThJ n(* as tF*group.
Idl Going Concem
The Trustees conyderthatthere ale no material uncertaint*s regarding th? thaws a￿ltyl0 ¢onkn"nu¢ as a goin9 ¢orbrem. The Covid-19
pandemK has had far reaching C￿seq￿nceS for UK chathes overthe past three years and infiation is puityng pressure ¢n ex￿nditure bul
Ihe Trustee5 havo assessed the possible fina￿181 consequen￿$ 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 ￿¢￿$s#ry lo deliver an butwhich do ncl cJ)nstituie its Output, aro
allocated lo each heading on the basis ole*imoied siaff
Governance costs a￿ those relate ttr tre general running of tl* thanty ratherthan fuTrJrai%ir¥J or c*aniabk aLlThiity. These indud8 8L*1rt
fee$. 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 actNit*s during the year indudirvJ fundraising and Underta￿n9
reserye rnanagernent on our natu￿ reserve5. Three of these gmps hobj the*thvn 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 oprfal6*1 ￿ the balance Depre¢iaiion i%
Calculated $0 as t¢ write off Ihe ¢￿t of tangibk frAed assets overtherexF*d•J whtl Tl* principal annual rates and base$
used for this purpose are..
Plolor vohides and rewNes equiprrnnt- 25% red￿Ing balance
Lea$eho￿S- over Ihe periLKI of Ihe kase
CDmpuler and office eq￿1pment-￿ 51ra¥ht lir
Freehohy buildings excluding bams- 75 years Stra￿t* kne
Barns- 25 yeats SlraKJht line
Capilal addition5 to buikYiTrJs- 10 yeaFS Stravjht Iw
Freehokj Land- not <*rec4ated
111 Nature Roser
Nature Resefves that have been purchased by the chanty ha¥e been cap"rtaltsed at the purcthase Cost NaluR Reserves that have be¥n
donaied to the chaiity have beem ¢aprt¥14sed at the best eStin￿ ol cost had tw been purc*8sed ty the thanty.
Im) lfivestmonts
All Invest￿nts art stoled ot theirtsirval￿ at the bakrKe sheel date. Th8 fail ¥ak￿ of in¥eslment proFety i* assessed ty managem8nt8t the
net tKe3enl value of future tssh fiows a5$￿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 Slaterr*nt 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¢rt*e an econcffjK aLtsity that k% $ubiectiololnt
control". lhal Is. when Ihe strateg￿ finawal aThJ poknry de(asrons reming ￿ the ￿l11t*S tho unaninYJus consent of the partie5
shariry control Investments In j¢int ¥enlures are rrea5ufed at eosr Impalm￿Trt
lol $t*xk$
Slr**s are stat8d at the h7*v 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 exF*thd to r8ceved and 3re riui discounted. Trade
uedilor5 are rreasurtd at amwnt ofc4sh orolherconsTderat￿s exrmtsd to te pa*J arhy are not (h5cwnied ItWe$D￿nI funds are
measu￿￿ atfair volu& ￿ ￿￿rdance wth the on inves1￿.
Irl Credltors and provlslon8
Ciedilors and piovi&005 8re rocowised the charty has a pr85ert tmm a past event that wil probabty resull in tt
transfer of lund5 lo a t￿"rd party arKI th• •7wunt+kn to th8 Ot4gatwM ran est•n8ted rdiabty
151 Fund accountino
un￿str￿￿ed fund5 c£xnprise awumulabj suWu8e5 and defiats ￿geNeral fiJThls. TW are 8¥aiWfor use atthe disuebon olthe Trustees
in fUrt￿ranCe of the general chaiit*le c&'edive5 Deyynated fu￿$ unrest￿led funds earrnarked by T￿￿tee$ for a specffic purpose.
Re$trKthd i￿1￿)* and eThJcrtwnent funds are fuTrls subieLI to ￿trthj LYJThJlions rnkk75ed by the dont)rs and further ex￿anationS of
the Tratu￿ and puwe of 8ach fuTrJ is N(*e 17 represert caMal thafi reverwje l￿d5.
111 Eryloy•e Bweffts
Short lerrn ben&fts."
Short term benefrts. 1ndl￿1￿ holidays atha ¢)ther smiLir non-rTh)r￿I￿ berh%fft5 are recowts&l as an e¥pen8e in the per*Jd in Ihe
sem￿ ts rece￿￿.
Defined conlnthrtts7pen￿
The charty operates a defined errtnbut￿n scheme *jMin￿lere￿ by AvN3. Tl* tor#rlxJts"fm are reccgnised 85 ￿ expense wF*n ihey lall
due Th• a5set5 ofthe pensiM plan a￿ hehd separntsty from thwty th irK1epethrtty athinistered lurth.
DefinetAberJefilpenw s¢hem8$
The ¢h8nty operalÈs one defined t*nefit 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 t*nefit 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 perK*J ofthe luture ￿ri¢>J$ I"d95count rate")
The fair va1uB offv assets is measwad ift acoydar￿8 *rylh ihe FRS 102 1*"r vah* h*rarthy aTrJ ￿dude$the we ofappropriate
valugtK>n techniqups.
Actuarial 9ain$ atha bsges a￿ng fvom expeMc* &JjLtsbY*rts arm1 f*anges 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 stAi*nents. manageft*rt has ma(lejudgeft*nts. 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 stal8rr*nts. 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$. Manag￿ent estimates Ihese faclors In delerrninirvJ the pertsion cèltyJab"on in balance sheet as advised by an
I￿jependent aduarial •Jvs¥ei. The assum￿5 r8fiect historical experience aTrJ current trerth.
Investment propert￿.. The fair Value of in¥estrt*nt pr¢Jparty has estimated on the basi5 of the net present value of di8counled c8sh flow5
ovÈr a period of 30 years The cakulat*Jn of net present value requirestho use of as5uffj￿n5 suth as discount rale and ￿tUre income5 and
¢ost$. The amounts recogni98d in these attounts have t4en estThai•Y by rnaft4eff￿nt bas*J 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 btsJ*s
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 wft*nt 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$IIMjI Imknjiro amphyftrs. Nl and pens*Jn contribubonsl was £507k
12021122 £443k and seven slaffj.
The average numtwofwrobyee5 cabjlated ￿ a f￿￿￿rree9U￿a￿rt ba55. 8naty5ed by func1￿. was".
20TJ
2023
2023
UnrvJtri¢t¢d Restricted Ttst
63
29
2022
2022
Unre$trlcW Restrld8d
57
25
13
95
2022
Tthl
Charitable actiwt.es
Generating lunds
Support. managwnent aThJ 8dfftnislr*on
71
25
13
101
The a¥¢rage Mc￿t￿Y nurr*erofemkloyees on a l*adcountbass 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 Ri*Jusi 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 ry*mbershp 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$ fy*ned 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$￿ bast reium lor TnA5t *th45t rnakn.ry invesknerAs that fil ￿th
our Chanta￿ puipose The Trust he*J Inveslm8nl wtfolK6 with CCLA. the LArgerofts bvu1£1m al tthtl represents som ￿strIded
and general fund$. 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 sc*em8 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 investvJatir*J whetr*r 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 8rrangeff*nts 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$pe(x ofths ￿heme is Imrted to an oblgatron to make payrrEnt5 when they faw d￿.
R alcou
of Beth5hlr8 P•fis1
Tha charity has a number of empbyees who are par￿¢pants in the Royal County of Beth5hire definèd bÈnefrt. muttioryloyer, pensK)n scheff*.
Th8 scherne 15 dosed to new enlr¥nts. atthou9h sort* staff who transfer￿ empwient to BBowf frorn West Berflshire Council bul %¥ho ar8 nol
m8mber5 retaiTh the nghltojtyn the sd)erne whth ts contrJ(ied out of the state se¢oTrJ pons￿.
Atthe point of transfer. a notional fund wthin the Royal County of 8erkshire penS￿n fuTrJ was estatrdisW. The v81u8 ofthis fund was detemingj
by an actuary in accordan¢x> with Ihe 3pprooch set tsul in the Pe￿￿n fund poliy. whereby the Value of the not*Jnal assets equ81
the value olthe liabilitstss. ¢a1culated on an oNJ¢iÈ¥J fundiw bass Ths basis is used to ensure the level ol ongoirvJ contribution5 is suffiuenl
rr*etfuture benefil payments and those Nntributi￿$ are sho*n 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$ler of £207.0￿ which rs vlrthin Resiricled Ir￿Orr* Funds because. under th• t8￿r￿ of the agreement with West
Berkshire Counol, th& (x)unol has Indemnfvd 88OWt againsl thi% fvTrJing def
A full xlvarial valuation of thr3 fuTrJ was car￿d out at 31 March 2013 aTrY each yearwTKe. In xwrdance wrth FRS 102. The di*dJsure as ai 31
March 2023 rtew Shows that a surplus of£73k has t4en ach￿ed Th• moverr*nt as a Iran5ferfrom unre51rthd fund5 a$ 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 identif*d 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￿ r*t 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 r*t 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
M*es
Fema
Retmg in 20y*8
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 riab*ty 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 Exr*nd•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$KJnated. Nature ReseNes
OesvJnaled- Project DevelcprrHJrt
Designated- Strategic
Desi9noted- Fixed Asset Inve*n*nt
Oe51gfjated . Royal County of BethShI￿ Petsk)n
Royal County of Berkshire Pension Reserve
3.174
5,171
6.819
5.692
15.7051
12261
343
67
490
1201
250
3,633
5.012
7.309
74
510
1401
221
15341
15.245
247
13491
16,486
13n
16.(X181
376
{ill R•strl¢ted Income Funds
Restrided Proie(ts
Reyal County of Berkshire Pension Indemnty
Reyal County of Berkshire PenSIc￿ Re9eNe
3.779
12.0181
1.435
207
12071
1,435
12071
3.779
12.0181
Total Fund8
16,1)99
9,4n
18.0261
376
01
17,921
111 Vnrss¢rl¢tsd Income Funds
D&swt&d- Project t>ev8lopment Fund. £52k was re￿aSed badE general lurKl$ beavirY4 £22k 10 appl*d 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 indN*Jual 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 suifK*nt ext&m81 finarKaw to (x￿MMen￿.
Des1&￿a1ed- Royal Cwnty of Bethshire Pens*Jn'. 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￿ irK*mè 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 ￿$1 Betshire Council to covei this
liab*ty.
17 Ibl Analysis of Reslricted Funds 2022123
1￿mIng
1 Apr413J22 Re8wrces Expended
Transfer8
A$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￿$8 improv8rr*nts
College Lake educab.on pty
Crookham Poc48
Oancersend Cdebpion Roihschild
Dormou88 ￿'ttre Llndlord Woods
Engaging NaturE
Hakn'lal bankin9
lffiey Meadows irFyrovw￿nI
Inkpen Ccthrron replacerrent boarthwa
Land acqui$thon fundirKJ
Letcombe Vall8y
Ludgersh41
Malvem ShN Garden
Momng & M¢olng in the N Wessex Dr*m5
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 in*rwetstion
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 ai*vity (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 w*hin 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$at
31 March 2022
ro
Sionifi¢ant Projects
£'ooo
Badger Vaccinat￿ Lwra hjnded
Bernwood Olrnoor Ray fe*ibility St
Carbon F￿)rIn1
Calthrnent- C￿￿￿1
DO￿r98nd Celèbration Rothschild
Domiou8e Mrtigalv)n Litk LiTrJford WrK#Js
Engaging Natu
Habitat banking 5cher*- IRF
Haymill Valby
Hedgerew Have
Hosehill CIL irnprovernents
lffley Meadows man•Jem8nt
Kintbury Newt Pond
Land fund ￿$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
Buf*s
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 rf*dose 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 pa*J 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¢y*th. 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 from*ilJlrfe 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 liabilit*S 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¢y*w 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 endo*Thents 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 avaiL*Ae w rwr%￿bsrte". MWJAwM¥.tkntorg.ukJpU￿￿tIO[
34