2025-03-31-accounts

Registered Company Number: 217338 Registered Charity Number: 208734 Norfolk Wildlife Trust Annual Report and Financial Statements for the year ended 31 March 2025

Norfolk Wildlife Trust Contents Page No. 3-32 Council's Report (incorporatlng the Strategic Report) Report of the Audltor Consolidated Statement of Financial Activities 33-35 36 37 Consolidated and Trust Balance Sheet 38 Consolidated Cashflow Statement 39-61 Notes to the Flnanclal Statements

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees of Norfolk Wildllfe Trust. collectively known a5 Council. who are also directors for Ihe purpose5 of company law, present theirAnnual Report and audited Financial Statements of the charity for the year ended 31 March 2025 which are a150 prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The Financial Statements comply with the Charitie5 Act 2011. the Companies Act 21X)6, the Memorandum and Articles of Association, and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102- effective 151 January 20191. Reference and Administrative details Name: Norfolk Wildlife Trust Company number: Charity number: President: 217338 208734 Patrick Barkham Vice Presidents: Michael Baker Ben Garrod Garth Inman Jon Humphreys Jeff Price Sue Roe OBE Martin Shaw OBE John 5nape Angela Turner Alice Liddle Ichairl John Sharpe Ivice Chalrl Jennie Ffrench-constant (Vice Chair- resigned 7 November 20241 Lyndsay Whiteman (Treasurerl Greg Beeton Matthew Bradbury IAppointed 19 March 20251 Harry Buscall (Appointed 7 November 2024} Richard Carter (Appolnted 7 November 2024} Andrew Clarke Kathy Gill Glenn Houchell Mandy Loadman Rob Lucking (Resigned 7 November 20241 Scott Pinching Richard Powell (Appointed 7 November 20241 Sue Roe OBE (Resigned 7 November 2024} Bailey Tait (Appointed 7 November 2024) Council..

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Reference and Administrative details (continued) Chief Executive: Eliot Lyne Company Secretary: Marion Riches Registered & Bewick House Principal Office.. 22 Thorpe Road Norwich Norfolk NRI IRY Tel- 01603 625540 Fax: [phone] Email." info norfolkwildlifetrust.or Website: www.norfolkwildlifetrust.or Auditor: Lovewell Blake LLP Bankside 300, Peachman Way, Broadland Buslness Park Norwich NR7 OLB Bankers: Barclays Bank plc. Stjames Court, Norwich NR3 IRJ Close Brothers Treasury, 10 Crown Place, London, EC2A 4 Co-operative Bank plc, PO Box 250, Delf House, Southway, Skelmersdale WN8 6WT COIF Charity Funds (CCLAI St Alphage House, 2 Fore Street, London EC2Y 5AQ Flagstone Investment Management, Clarevllle House, 26-27 Oxendon Street, London SWIY 4EL Natwest Bank plc, 21 Gentleman's Walk, Norwlch NR2 INA Santander UK plc, 301 St Vlncent Street. Glasgow G2 5NT Cozens-Hardy LLP, Castle Chambers, Opie Street, Norwich NRI 3DP Victor Insurance, l Tower Place West, Tower Place, London EC3R 5BU CCLA Fund Managers Ltd, Senator House. 85 Queen Victoria Street, London EC4V 4ET Solicitors: Principal insurers.. Investment managers: Sarasin & Partners LLP, Juxon House. 100 St Paul's Churchyard, London, EC2Y SAU Schroder Unit Trusts Limlted Icazenovel, l London Wall Place, London, EC2Y SAU

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Governing Document The organisation is a charitable company limited by guarantee, incorporated on 5th November 1926 and registered asa charityon 30th October 1963, Thecompanywasoriginally incorporated as The Norfolk Naturalist5 Trust; following the passing of a Special Resolution at the company's AGM on 24 October 2013 the companws name wa5 changed to Norfolk Wildlife Trust. The company was established under a Memorandum of Assoclation which established the objects and powers of the charitable company and is governed under Its Articles of A550ciation. In the event of the company bein8 wound up the directors are required to contribute an amount not exceeding £1. Recruitment and Appointment of Trustees The Articles of Association provide for up to 12 eletted trustees, an Honorary Treasurer and up to two co-opted trustees. Any member of the Trust can put themselves forward as a trustee and nominations are considered each year at the AGM. Trustees retire at the end of their third AGM following their election and if eligible under the Articles of Association can seek re-elertion. The Trust aims to recruit trustees with a wide range of Skills from which the Trust will benefit. Trustee Inductlon & Training New trustees currently undergo an orientation meeting with the Chief Executive to brief them on their legal obligations under charity and comp3ny law. the work of Council and decision- making processes, the Trust Strategy and finances. Trustees are encouraged to visit Trust reserves and attend other Trust activities and events, as well as meetings with other regional Wildlife Trusts. Organisational Structure Council meets formally four times a year and also meets twice a year for a strategic meeting. The Remunerations Group has been incorporated within the Flnance, Audit & Risk Group, which meets up to four times a year. The Chief Executive reports to Council and directs and manages the day to day operations of the Trust. To facilltate effective operations the Chief Executive has delegated authority, within terms of delegation approved by Council, for operational matters.

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT {INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management (continued) Charity Governance Code During the year, we continued to implement changes to our corporate governance arrangements to bring us closer to compliance with the Code in a way that befits a charity of our size, and the nature of our attivities. The Council of Trustees has several sub-groups to advise it, namely Finance. Audit & Risk (incorporating Remuneration); Governance; and Nominations. Each has its own term5 of reference which are reviewed regularly. The Nominations Group (which oversees the recruitment of trustee5 and other honorary roles) has an independent Chair, Andrew Barnes. Related Parties No member of Council had any interests in any contracts with the Trust or its subsidiaries during the year to 31 March 2025. Details of the Trust's wholly owned subsidiaries are shown in note 15 to the Financial Statements. The trading results of Norfolk Wildlife Services Ltd for the year to 31 March 2025 and of Norfolk Wildlife Enterprises Ltd for the year to 31 March 2025 are shown in note 10 to the Financial Statements. Pay pollcy Senlor staff pay is determined together with all other Trust staff as part of an annual salafy review process. There Is no automatic pay increase but salaf ies are reviewed against changes in the CPI and national pay settlement rates, benchmarking with similar organisations and changes in individual staff responsibilities and performance. Recommendations for pay increases are put forward by the Chief Executive in consultation with the Strategic Leadershlp Team and Head of People and Culture. for review and approval by the Nwf Finance, Audit and Rlsk Group - comprising the Chair, the Treasurer and at least one other trustee. As part of the Trust's programme of developing its People and Culture, a banding system for all roles was implemented on l April 2024 with pay bands increased from l April 2025. Risk Management Council maintains a risk register to manage the risk to which the charity 15 exposed. The risk register is regularly reviewed and actions are undertaken to mitigate risks to an acceptable level, or better, commensurate with the Trust's risk appetite. The risks faced by the Trust remain largely similar from one year to the next but Council and staff remain vigilant to emerging and escalating risks a5 circumstances change.

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Structurei governance and management (continued) The current major risks that the Trust is addressing are: The ongoing impact of the cost of living cri5is- see section within the Financial Review of the year on page 24 Our ability to deliver the strategy for the Trust in the light of the biodiversity and climate crisis. the challenging economic outlook and ever-increasing national and global volatility and uncertainty Growing unrestrirted income to cover the growth in unrestricted expenditure as the Trust's staffing and operations expand Ensuring our core organisational processes, policies and systems are improved and are fit-for-purpose Uncertainty from theEovernment'5 Position on future agri-environment grantfunding and the regulatory landscape for conservation and the environment Ensuring robust mitigatlons and monitoring processes particularly surrounding health and safety. safeguarding, data and cyber Security risks Ensuring the capacity and capability of our people is fit for purpose in light of the ever growing demands of running the Trust's operations Investing in IT and digital capabillties to ensure they are secure and fully support the ongoing development of the Trust's operations Objectives and activitles The objects of the Trust are set out in its Memorandum of Association. The principal attivities for the year were in pursuance of the objects for which the Trust was formed, namely, to advance the conservation of wlldlife and wild places in Norfolk for the public benefit and to advance the education of the public in the principles and practices of sustainable development. Details of how the Trust has pursued its objetts during the year to 31 March 2025 are contained in the Achievements and Performance Section below. The Trust agreed a new strategy in July 2022 which started from l April 2023. Information regarding the implementation of the new Strategy is also contained in the Achievements and Performance section below. Statement on Public Benefit In the terms of the Charities Act 2011, the objectives of Norfolk Wildlife Trust fall within two definitions of charitable activity, "the advancement of environmental protection or improvement" and -the advancement of education" On both counts, Norfolk Wildlife Trust provides benefits, irrespective of their financial circumstances, to members of the public, including children and young people, families and people with learning and physical disabilities. In particular the conservation of Norfolk's wildlife and wild places benefits the public of Norfolk and visitors from beyond.

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activities {continued) Council provldes in thls report, and in the financial statements that accompany it. a detailed discussion ofNorfolk Wildllfe Trust and Its governance, objectives and activities, achievements and performance, a financial review and plans for future perlods. Withln the Achievements and Performance section Set out below there is significant information on the work carried out during the year and the Services that were provided, and the public benefits thereof. Statement on Fundraising Pract(ces The Trust Is extremely grateful to all our financial supporters be they members, corporate sponsors, or donors. As a responsible charity, we are proud of our code of conduct and our resultin8 record in protecting our members, details. The Trust continues to ensure that its fundraising practices are respectful, honest, open and accountable to the public. We are guided by the Institute of Fundraising Code of Practice, are reglstered wtth the Fundraising Regulator, and comply with the General Data Protection Regulatlon. We have a GDPR "Champion" working group and trainlng programme within the organisation to deliver a best practlce approach to data protection. In line with guidelines and regulation, we monttor fundraising activities carried out on our behalf ensuring any professional fundraising undertaken follow5 written procedures and that fundraisers are trained and kept informed of fundraising standards. Our use of such fundraising is kept to a minimum with the majority undertaken by staff and volunteers who are part of the Trust. Fundraising by others in the community is monitored by NWT staff and we will decline any fundraisin8 we consider inappropriate to our objects or environmental ethics statement. WÈ protect vulnerable people and others through written guidelines for fundraising and by adhering to the Fundraising Code of Practlce. There were no complaints relating to the charit￿S fundraising in the year. Most importantly we seek to develop good and respertful long-term relationships with our SUPPOrters Such that we know when we may ask fortheir financial support appropriately.

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Our year for wildlife- Impact report 2024-25 From the Chair l am so proud of what Norfolk Wildlife Trust has achieved this year. I want to express heartfelt thanks to our members, supporters, volunteers and partners in making that happen and extend those thanks to our dedicated and expert staff for all they do for Norfolk's wildlife. Highlights for me must include the launch of 'Wild Youth Action, which 15 all about creating opportunities for 11-25-year-olds to connect with, enjoy and support wildlife. I'm so excited to see how the members of our new Youth Forum will help shape the future for Norfolk's nature. We've had a tremendous year of creating more room for nature, adding another 100 acres to Foxley Wood and restoring habitats in our West Norfolk wetlands. We have also helped to create room for nature across the wider landscape, for example, restoring or advising on at least 126 ponds across the county and fnaking many advi50ry Visits to landowners. parish councils, and community groups. And we have connected with more people than ever before. Membership number5 have increased by 3°A, we opened Sweet Briar Marshes with the communities of Norwich at its heart, and we mustn't forget the opening of the Pleasure Boat Inn at Hickling to find new ways to introduce people to the wonders of wildlife in this very special habitat. There are so many other achievements to celebrate but I'm going to end on a personal note. Under the Trust's constitution, I must retire as a trustee and Chair by the time of the forthcoming AGM. It has been a privilege to have helped lead the Trust and see it grow from strength to strength during my nine years, tenure. And while I say farewell, l also welcome the next century of a Norfolk full of wildlife and people supporting it. During our centenary year in 2026, not only will the Trust celebrate its beginnings and its transformational moments, but will also look forward to the next 100 years with a strong message of hope, underpinned by our continuing commitment to achieve A Wilder Norfolk for All. Allce Liddle, Chair of Trustees

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Year at a glance We've had a busy year working hard to create a Wilder Norfolkfor All. Here's a taste of what we've achieved: We welcomed 162,000 people to our Visitor Centres Reached 39,079 members- a growth of nearly 3% on the year before Offered advice to improve 112 County Wildlife Sites for nature Examined 129 planning applications with wildlife in mind 1.500 amazing volunteers collectively contributed over 50,000 hours of their time Over 5,000 hectares of land owned, or managed on behalf of others, forwildlife Rare wildlife returned to West Norfolk thanks to our significant wetland restoration work We welcomed even more advocate5 for nature thanks to an increase in membership Supported habitat improvement across over 10,CKJO hectares of land Helped Bedingham Hall Farm win a major conservation award for nature friendly farming Saved the bats and wildlife of the Wensum valley from the devastation of the Western Link Purchased land to expand Foxley Wood by 100 acres creatlng more room for nature to thrive Launched new youth engagement programme to inspire the next generation of environmental leader5 and conservationists. Ourvision Norfolk's nature is abundant. thriving and valued. Our Mission To create more space for nature to thrive and inspire more people to take action for nature. To read the full version of our strategy visit: norfolkwildlifetrust.or strate io

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and Performance in 2024125 Strategy Outcome I: Abundant and thriving nature We will achieve a strong and connected recovery for nature across Norfolk Our goals: Improve- Increase the abundance and diversity of wildlife in our land and sea Expand- Create more space for nature Connect- Connecting wild spaces for nature's recovery On our nature reserves Severol ambitious projects on ournature reserves come to an end thi5 yeor, with mony olreody yieldingfantastic result5for Norfolk's noture. Restoring our West Norfolk wetlands We've made a huge difference for nature through restoring natural water flows and improving peatlands across Tony Hallatt Memorial Reserve, Grimston Warren and the Delft, as part of our Wetscapes project, funded by the FCC Comrnunlties Foundation through the Landfill Communities Fund. Using cutting-edge technology and conservation techniques, we identified and restored the course of a long-lost stream at Tony Hallatt Memorial Reserve. It now supports rare plants like lesser water-plantain, stonewort, and fountain apple moss, and attracts birds including curlew and green sandpiper, plus the site's first nesting oystercatcher pair. We also carefully removed dense purple moor-grass acrossthe nature reserves. This exposed the damp, peaty soil, creating ideal nesting habitat for lapwing and enabling fen species like round-leaved sundew and lesser cow-horn bog moss to thrive. The recolonising bog mosses are restarting peat formation-helpin8 retain water, store carbon, and buffer against drought. Our creation of shallow groundwater-fed pools and exposed natural flows in a former arable field, attracted wildlife such as common snipe, green sandpiper, and pied wagtail Peatland Champions Funded as part of the UK Government's Shared Prosperity Fund, Restoring West Norfolk's Peatlands for All. brought together local communities to help restore damaged areas of peatland on Roydon Common, Tony Hallatt Memorial Reserve and East Winch Common. We trained volunteers on how to identify plants and fungi, as well as bird surveying technique5. An active team of 23 Peatland Champions (double the previous number) can now carry out survey and monitoring work, as well a5 practical conservation management across these reserves. li

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 'It has been great to meet up with like-minded folk and to know that the records I collect will help to improve our understanding of the reserves and feed into how they are managed., Julie Smart, one of our new Peatland Champions. More pools for pool frogs Over the last two years, we've Identified and carefully excavated a total of 14 ancient pond5, or 'pingos' on land next door to Thompson Common nature reserve. Our mission together with the Woodland Trust and the Amphibian and Reptile Conservation Trust IARCI has been to provide more habitat forThompson Common's rare northern pool frog. The newly created pingos are already full of aquatlc Species and it's only a matter of time before the northern pool frogs take the Short leap to find new homes next door. This project was made possible thanks to funding from Natural England's Species Recovery Programme Capital Grants Scheme. Monltorlng what we do We continued our programme of work to enhance monitoringacross our nature reserves. We trialled a new sampling technique for counting fen orchid at Upton Fen aided by Plantlife. which will cut down on the current labour-intensive counting method, Other work included assessing the condition of habitats on specially protected wildlife areas at Roydon Common, Weeting Heath and Ringstead Downs nature re5erve5, to help u5 monitor changes over time and inform conservatlon management. Across the wider Norfolk landscape ThesUPPOrt we pmvide to landmanogers farmers and communities, to create wildlifefriendly spaces is vital to increose our impoct - and reoch our ombition of abundant and thriving nature. Sharing our nature knowledge To aid nature's recovery in Norfolk, we must increasethe amount ofspace positively managed for it. County Wildlife Sites and those that care for them play a vital role in achievinE this vision. Thanks to the habitat improvement advice we gave landowners this year across 112 sites-doublethe amount of last year- nature now has more spacetothrive and move across the landscape. We also improved the system we use to Store information about the condition of County Wildlife Sites, allowin8 US to work more efficiently and cover more ground. Plus, we started developing a new monitoring system, so we can assess exactly how our advice work is benefrting wildlife in these special sites for nature. Aquatic wildllfe across Norfolk now has an additional 31 ponds in which to thrive, thanks to our direct restoration work, which included restoring 23 farmland ponds, thanks to funding from Natural England. We also provlded advice to landowners, community groups, parish councils and individuals to enhance a further 95 ponds across the landscape. 12

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT} FOR THE YEAR ENDED 31 MARCH 2025 Speaklng up for nature We continued to champion wildlife through the planning system by ensuring that any impacts are considered in strategic plans, where the policies that apply to 311 development are set. and in individual planning applications. We were consulted on 129 plannin8 applications, making recommendations on 25 of them and objecting to 17. where impact5 on County Wildlife Sites ICWSI or other areas of importance for wildlife were unacceptable. We also responded to 16 consultations on Neighbourhood Plans at various stages In the process, advising on policy wording to protect nature. In partnership with other conservation charities, we continued to warn of catastrophic damage to one of the UK'S m05t important wetlands if a proposed tidal barrier on The Wash goes ahead. We were also involved in several consultations relating to Solar Farms and National Grid projects with the objective of protecting wildlife and the natural environment. Norfolk Wildllfe Services Norfolk Wildlife Services INW51 continued to carry out a wide ranBe of habitat, protected species and tree assessment work for a variety of different project5 from smaller scale householder developments through to large nationally significant infrastructure projects. Much of their work centred around providing Biodiversity Net Gain assessments and baseline biodiversity information for landscape scale conservation projetts, including Ouse Washes Landscape Recovery - alongside partners and other nature conservation organisations. All profits made by NW5 are donated to Norfolk Wildlife Trust for the benefit of nature conservation. Case study: Updatingthe Ancient Woodland Inventory On behalf of Norfolk Biodiversity Information service, we carried out surveys in 63 woodlands to assess the anclent woodland flora and historic features. This enabled us to know if the sites met the Ancient Woodland criteria published by Natural England. The term 'ancient woodland, is applied to any area that has been continuously wooded since the 16005 and recognises the area's vital ecological Importance Once added to the Ancient Woodland Inventory, our work will help create an overall picture of the location and distribution of ancient woodland across the UK. The data will also provide up-to-date information about the state of Norfolk's woods, which supports our work advising landowners on how to improve their land for nature. It also strengthens our efforts In responding to planning applications that may negatively impact wildlife relying on our ancient woodland. Case study: Creatlng networks for nature Funded by National Highways. our Network for Nature project helped boost biodlversity at six special sites near major roads across Norfolk. Promising results so far include evidence of great crested newts In several of the ponds we created and improved at Silfield Newt Reserve and the re-emergence of petty whin plants at NWT East Winch118St seen in 19871 thanks to our habitat creation work. We also carried out a feasibility study into retrofitting existing brid8es over Norfolk's two trunk roads, to provide more of a green bridge for wildlife. 13

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Landscape recovery highlights From woodlands to ponds we supported habltat Improvement across over 10,000 hectares of land by conductin8 46 advisory visits with landowners, parish counclls, and community groups. Restored or advised on at least 126 ponds 3crossthe county. Landowners of 112 CWS were given advice on managing their land for nature. A snapshot of our work and successes across our nature reserves We manoge over 60 nature rese￿e$ that, together, cover almost 5,100 hectores - equivalent to 1% of the county's land. The diversity of wildlifefrom spoonbills to notterjocks IS testoment to our year-round con5ervotion work to ensure our rese￿e5 remain Special place for wildlife andpeople. Thanks to the meticulous work of dedicated staff and volunteers, crassula has been eradicated from all the pingos at Thompson Common. Freed from the invasive plant. native species such as water violet are thriving and aquatic wildlife such as water vole and the northern pool frog have returned. Biodiversity in the Brecks received a boost thanks to a translocation project led by the harity Plantlife, which involved moving a rare lichen from Cornwall to NWT Weeting Heath. Two hundred small pleces of the lichen about the size of a 20p piece were removed from Penhale in Cornwall and 160 transplanted into the Breckland chalky landscape. Spoonblll bred successfully for the second year running near Brendan's Marsh at Hickling Broad and Marshes, providing hope of establishing a future breeding colony of these rare birds. The fledglings fed on the diversity of invertebrate and small fish present on Brendan's Marsh. thanks to the mix of shallows to deeper water created by our habitat management work. Conservation work at Upton Fen nature reserve has helped the exceptionally rare fen orchid increase in number from several dozen to more than a thousand plants. Last year, 3.460 plants were counted. an Increase of over 1,000 compared to the year before. An exciting new partnership with Norfolk and Norwich Naturalists, Society will allow us to monitor biodiversity at Sweet Briar Marshes. Results so far included 200 flowering plants and red and amber listed birds of conservation concern Including linnet, greenfinch and bullfinch. 14

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Twelve great white egrets were spotted using a reedbed at Cley and Salthouse Marshes. The habitat was rejuvenated two years ago as part of widerwork to help the nature reserve, and its wildlife, adapt to rising sea levels and protect freshwater habitat. We bred our British White cattle. producing four healthy calves to bolster the NWT herd and helping to conserve this rare breed. Our cattle help us manage the growing number of coarse grass species across our nature reserves, reducing the risk of these hardy grasses displacing rarer and more delicate plant species. Following success with our Sweet Briar herd, we increased the number of cattle wearing 'No-Fence' collar5, Wlth 30 units now in use at various sites. In other gr3zing news, pig5 were trialled at a heathland site in the Brecks where their natural desire to rootle and disturb the ground surface is hoped to create niches for rare plants and insects. Seven species of bat and over 100 species of moth including the rare small dotted footman were spotted at Trinity broads thanks to a rolling programme of open fen habitat restoration helped massively by local volunteers. Britain's noisiest afflphibian, the rare natterjack toad reached record numbers thls year at Syderstone Common nature reserve,thanksto decades of careful conservation work from reserve staff and volunteers. This year was record-breaking with 61 strings of spawn found and-and estimated-thousands of toadlets emerged from the ponds. Our work to conserve reedbed across Hickling Marshe5 and Potter Heigham nature reserves makes them an important site for the protection of many rare wetland species, includingthe elusive bittern. Eight booming bitterns were heard here last year at least two more than the previous year this included one at Potter Heigham reedbed, which is a first for the Site. 15

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Strategy Outcome 2: People valuing nature Our goals: Improve- Breaking down barriers to people taking more action Expand- Growlng a movement of active wildlife supporters Connert- Enabling meaningful connertions for people and nature People across Norfolk are connected to, Insplred by and taking action for nature We worked in new ond creative ways to inspire even more people to join us in a que5tfor wilder Norfolk. Here are some highlights.. Norfolk'5 wildlife is already supported by 3 signiflcant force of committed advocates - our wonderful members. We grew our membershlp by 3% this year, insplrlng and empowering our loyal supporters to champion Norfolk's nature through engaging e- mail updates, our Tern magazine, and a brand-new. Informative members, handbook. Our pub, The Pleasure Boat Inn, located at NWT Hickling Broad and Marshes, opened its doors for the first time - and had a great first year. Investing in a popular pub Is a first step in providin8 new ways to introduce people to the unique landscape and wildlife of Hicklin& including walking routes and wildlife boat trips from the Stalthe - and forms an important part of our overall vision for Hickling. We launched a new programme of eventstailored for church groups. to enable them to learn from each other. as well as us, about the importance of churchyards for nature, as well as people. And provided 30 churches across Norfolk with a conservation management report detailing how to improve their churchyard for wlldlife as part of our Churchyard Conservation Scheme, aided by a team of 11 wonderful volunteers. We made significant improvements to the access point to Rollesby Broad, part of the Trinity Broads nature reserve. including adding two fully accessible viewing areas and an accessible picnic area. This will help more people enjoy the stunning views at this well-loved nature spot. All the construction work was carried out by the Trinity Broads Project, which is a partnership between us and Essex & Suffolk Water - who own the Trinity Broads. Eilish Rothney, our Warden, said 'We're so grateful to all those who helped includinE local businesses. residents, and Ormesby St Michael Parish Council - and our wonderful Trinity Broads volunteers., At our visitor centres, we contlnued to make sure everyone feels welcome as we share meaningful experiences that spur a pa5slon in our visitors to support wildlife long after they have returned home. We welcomed 175,000 people through the doors and served an incredible 95,000 hot drinks and 14,000 ice creams! From folk music to fossils, our events programme at Cley was the most eclectic yet, providing the opportunity for people to connect with nature through many different mediums. We also h05ted our first Cley Christmas shopping event, which was a great success. 16

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Spotllght on.. Connecting urban communlties with nature Sweet Brior Marshes.. On a sunny weekend in May 2024, we were dellghted to open our new Norwich nature reserve. Our vision for Sweet Briar Marshes it to provide a vital home for the wildlife of the Wensum River corridor and a welcoming space that provides our urban communities wlth daily access to nature. Thanks to our project partner, Aviva who continued to support us financlally as well as through corporate volunteering, we achieved a lot last year. Taking advice from local disability groups, we installed easy open, liBht-weight E3tes, a wide, hard-packed pathway with raised edges and seating designed for a variety of users. One user who had recently started using a mobility scootertold u5: Yhe rnar5h was such a breath of fresh air, the path was flat and even, and was lovely and wide, so I didn't spend mytime apologisingto people who had to stop and let me pas5.. Nextdoor nature Bringing commursities together to help nature flourish was at the heart of our Nextdoor Nature programme, funded by the National Lottery Heritage Fund. Over the last two years, we've supported and learnt from locals and partner organisations in the Mile Cross, Marlpit, North Earlham and Wensurn wards in the northwest of Norwlch. Together, we ran events, workshops and talks covering spring bulb planting, pond creation, community food-growing, wildflower-sowin& tree-planting and nature talks- 83 events all together. Nextdoor Nature's legary here in Norfolk will impact not just the communities that we were lucky enough to work alongside, but a150 Within the Trust~thanks to the huge amount we've learnt about supportin8 people to act for nature. 'I've lived in Mile Cross for 17 years. l used to be an active person, but having chronic fatigue has made me more housebound. I love the nearby Sweet Briar Marshes, but it's not alway5 possible for me to get there. On days when I don't feel well, I can go to my estate and experience nature, be with people and garden together,, Diem, member of The Green Heart5 one of the many groups we've worked alongside os port of the project 17

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Spotlight on: Our work with young people Ourstrt7tegy sets out the need to develop a stronG youth voice to ensure younger generation5 ore represented in our work and empowered to actfor noture. Here are some examples of whGt we've achieved this yeor.. We launched Wild Youth Actlon, which aims to create diverse opportunities for young people aged 11-25 to connect with, enjoy and support wildlife. We kicked off with a mini festival at Norwich Arts Centre, plus ran a series of events specifically for this age group, such as a spoon carving workshop. What's more we also set up our first ever Youth Forum. The new youth-led collective is a small group of like-minded people who, together, will help to shape the future for Norfolk's wildlife watch this spacel We continued to run activities with three local schools Fairhaven Primary School, Angel Road Junior School and Mile Cross Primary School as part of our Wilder Schools work. We produced a handy guide to support the teachers to create wildlife friendly school grounds. whilst also supporting children's wellbeing and development, Wilder Schools is supported by the Children and Nature Fund and Friends of Holt Hall, John Jarrold Trust and Stuart Heath Charitable Trust Settlement. Our 'Watery Wildlife, project connected over 2,000 local children and community groups with the unique watery habitat5 at NWT Thompson Common and beyond. Through school visits, workshops, open days, and creative activities like wildlife films, the project significantly increased local knowledge and appreclation of local specles like the northern pool frog. 2024 saw us running our largest work experience groups to date, with 20 student5 getting a taste of the variety of jobs a conservation organisation like Nwf has to offer. One of the many highlights was the day spent at our Weeting Heath reserve, helping to clear areas of ragwort and bracken, and doing surveys of tiny speedwell splkes. Engagement highltghts Over 1,000 people attended one of our 83 free events at Sweet Briar Marshes, which covered a range of interests from plant ID to star gazin& bringing a diversity of people closer to nature. 1,282 people are now equipped with knowledge to make a difference to nature thanks to our Wilder Communitles workshops, events and talks. 1,292 incredible young people between the ages of 11-25 connected to nature through attending one of our Wlld Youth Action programme activities. A whopping 672 events inspired people to care about the natural world, including 89 run by ourwonderful local group5. 18

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Strategy Outcome 3: Leaders for nature Ourgoals: Improve- Building our foundatlons and infrastructure to enable success Expand - Scaling up to be 5tron& Influential and resllient Connect - Empowering leadershlp and collaboration An influential. resilient and collaborative trust f we're to ochieve our ombition for noture, we need to be on organisation with the right resources. skills ond culture to enoble us to oct Gs leodersfor nature. Improving the ways we care for our volunteers and staff We rely on the passion and dedication of hundreds of volunteers who give their time to support our cause, playing a significant role in helping to bring nature back. Last year, 1,500 amazing volunteers collectively contributed over 50.000 hours of their time to Norfolk's nature in a variety of ways, from helpinE with admin at our head office to checking ponies and livestock on our reserves, and everything in between. We introduced a new Volunteer Management System to help coordinate their efforts and ensure they feel part of a safe and bigger community. This allows us to communicate more efficientlyand securely with our 45 plus regular volunteers. and it makes applying for volunteering roles much easier. more professional-looking and more streamlined. We also reviewed and updated our benefits to provlde more options forflexible working and time off to enable our staff to balance their work and home live5. SUPPOrt wellbeing and enable staff to deliver their best for nature. Wild about Inclusionl Everyone should have the opportunity to experience the joy of wildlife In thelr daily lives, that's why we're committed to putting equality, diversity and inclusion at the heart of our work. New initiatives thls year, thank5 to the addition of a dedicated EDI post. Included inviting two external speakers to our EDI cross-organisational working group one who shared their lived experience of being transgender, and another who spoke about their experience as a member of the Gypsy Roma Traveller community. We also put plans in place to provide dementia specific walks and events- and run dementia training for staff. We launched our new website provldlng a better experience for users, enhanced technlcal connections between our site and other NWT systems which helps u5 to work more efficiently and effectively. The new website also provides flexibility for those needing to access our site in different ways, such as by changing the language and layout of content. Plus, all website wording was reviewed to ensure it could be easily understood. 19

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Maximising the Impact of ourwork We launched our new Species Framework which will help help guide how we support our countws key species and direct our efforts to monitor and assess the imparts of our work for wildlife. Adders have been identified as a key priority species and we helped form 3 partnership with Suffolk Wildlife Trust, Natural England and Amphlbian and Reptlle Conservation to find out more about adders, where they are and how we can help them to thrive. We developed a County Wildlife Slte strategy focusing on how we carry out site surveys more efficiently, implementing prioritisation systems for advice, and designing a monitoring methodology to measure the impact of our work. Plus, we strengthened our CWS collaboration across Norfolk with several new members, including representatives from district councils, attending our bi-annual meetings, enabling us to work better together to Improve the condition of these special sites for nature. We were also delighted to form a new partnership with the University of East Anglia, which will help us protect and restore nature across Norfolk, based on our shared vision for nature and society. We'll be working together on research partnerships. knowledge exchange, and skills development for students and staff. Leading from the front and holding deci5ion-makers to account In the run up to the 2025 General Election, we produced a Plan for Norfolk Nature - which set out key priorities and actions the next government must take to halt and reserve the collapse of the natural work. We shared our plan with all Prospective Parliamentary Candidates asking them to pledge their support and commit to championing the attions needed for nature's recovery. We also created an easy online action to allow people to email their local candidates to tell them why nature matters to them. Representatives from Norfolk Wildlife Trust. alongside members and supportersSolned more than 60,000 people and over 350 charities, businesses and attion groups to march through central London to parliament. Our message to all the UK'S political parties was simple Restore Nature Nowl Case study: A wln forthe wildlife olthe WÈnsum valley At the start of 2025, Norfolk County Council withdraw their planning application to build the Norwich Western Link. Alongside other nature conservation bodies and experts, we warned many times since the development was first proposed that the Norwich Western Link would have an unacceptable impact on Norfolk's wildlife and landscape and would not get planning permission. 20

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Our primary concern has always been the devastating effect the road would have on the last remaining colonies of the rare and legally-proterted barbastelle bat. Their very existence depends on the nearby ancient woodland, as well a5 hedgerows and riverside meadows. With the road looking Ilkely not to go ahead, these vital habitats can remain undisturbed and continue to provide homes, not just for bats but also badgers, owls, linnet, yellowhammers and other wildlife. Over 5,000 supporters helped us secure a win forthe wildlife of the Wensurn Valley by using our e-action to objett tothe Western Link planning application-thanks to everyone who got involved. Growlng support for our work Corporate support grew si8nificantly this year. Our 'lnvestors in Wildlife, business membership scheme expanded, and was relaunched in September under the theme of 'Wilder Business., We engaged more closely with companies with enhanced benefits, digital assets for them to celebrate their support, and new ways of fundraising for NWT, in return for increased subscriptions, which was received very positively by our business cornmunity. Overthe latespring and early summer 2024, our incredible supporters raised over£37,OOOto help us create and restore previous meadows and grasslands across Norfolk by donating to our Meadows Appeal. We launched our Norfolk's Nature Needs a Home appeal in our spring 2025 Tern magazine with a wonderful article written by our ambassador Patrick B3rkham about the importance of protecting, exploring and expanding home5 for wildlife. Within the first month of the appeal being launched. we'd already received over £12,000 in Eenerous donatlons-thank you! Thanks to the Building Foundations for the Future projert funded by the National Lottery Fund, we achieved so much this year. such as having a dedicated Equalities, Diversity and Inclusion post to integrate EDI into the everyday operations of the Trust, establishing our first NWF Youth Forum and launching our new more inclusive website. Our community fundraisers worked tirelessly throughout the year, with supporters taking on sponsored challenges, displaying collection boxes, and gatherin8 donation5 through our six NWT local groups. Together, their efforts raised over £11,000, making a signif1¢3nt impact in SUPPOrting our cause and strengthening our local communities. Case study: Siemens Energy As significant contractors In the growlng renewable energy sector, Siemens Energy was keen to minimise impacts on biodiversity at their site in Necton, and to support our efforts to engage the wider community for wildlife. Our ecological consultancy Norfolk Wildlife Service5 was employed as on-site Environrnental Clerk of Works throughout the year. And a generous donation of £7,500 funded the venue and training costs of 15 of our Wilder Communities Workshops for community groups and individuals working for nature. 21

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 This enabled workshop attendees to be trained in practical conservation skills such as meadow creation and hedge-laying, as well as community organisatlon and funding applications, delivered by NWT and other experts. Fundraising highlights Thanks to several generous donors, including two significant legacies left to us by Graham Chur¢hyard and Adrian Gunson, we can expand Foxley Wood nattjre reserve by a third. Over £38,000 kindly donated in memory of friends and loved ones £1,070,416 received from people who very kindly remembered us in their Wills. Over £546,000 from the Greater Norwich Growth Board will enable us to make Sweet Briar Marshes even more accessible Looking to the future From the Chlef Executlve We live in an era of unprecedented change: from substantial geo-political uncertainty and challenge to domestic political and pollcy change. the growlng influence and challenge of Al, and of course climate change which is now taking hold. I could 80 on, but with all this swirling around us, we must remaln resolute and rise to the challenge, We are uniquely positioned within Norfolk to respond to these challen8e5 Wlth our roots being deep in the resilience of our 99-year herltage, but our branches undaunted to seek the sunlight of new opportunltles. You will have read about some of our achievements. And there is so much more to do. Outcome I: Abundant and thriving nature We have built our staff teams who advise others about nature. And we'll start to see the impact of this in the coming year with more impact than ever in our work with communities, landowners and farmers the length and breadth of Norfolk. We're working to protect more land by bringing it under nature-friendly management, and we have a growing list of important sites we aim to acquire. Our strategy 15 ambitiOU5, but the biggest challenge is finding enough funding and resources to make it happen. That's why we're exploring new and creative ways to SUPPOrt this work. Outcome 2: People valulng nature We will continue our work in bringing nature to new audiences. HavinE set up the Youth Forum, we will develop a Youth Advisory Board and start to link this in with our governance. We will research how different audiences view us and our cause so that we can refine and learn to eTJsure that we connect as many people with nature as possible. Our work in urban areas will go from strength to strength with work to improve the visitor Infrastructure at Sweet Briar Marshes and the development of a wider urban wildlife project in Norwich. 22

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 202S We wlll finalise our plans for an ambitious long-term programme of work at Hickling Broad and Marshes and seek funding for this work. Outcome 3: Leader5 for nature We will continue to work though the transformation of our Systems and processes, focusing particularly on IT and digital infrastructure and finalising our finance system implementation. ContinuinE to invest in income generation will also be a key focus, building on continued record membership figures. We've made great strides in starting to building our influence and we will continue to do this with elected representatives to ensure they speak up for Norfolk's nature, particularly in the context of the programme of Local Government Reorganisation and Devolution. So although the world fee15 like a challenging place with significant risks to nature, there Is opportunity too. What we can control 15 how we respond to and seize these opportunities. And with your support, we remain resolute in our ambition to do just that. Ellot Lyne Chief Executlve 23

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT IINCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Review of Financial Position for the year to 31 March 2025 The Trust has an overall positive financial position for the year to the end of March 2025, with significant growth in both income and expenditure. The Statement of Financial Activities on page 36 for the year to 31 March 2025 shows a surplus in the financial year of £583,630 12024- £363,8961, Income for the year was £9,369,195, an increase of £1.189,901 on the previous year. Expenditure of £8,715,342 was £594,891 more than the previous year. The main aspects of the income and expenditure for the year are set out below. The year-on-year increase in the Trust's income was larÉely attributable to the increase In donations, sponsorships and appeals as well as grants and contract income. These increases were partlally offset by a reduction in legacy income. Donations. sponsorship and appeals income of £950,383 rose by £462,401 compared to 2023124 reflecting the work by the Trust to encourage both public and corporate support to make a difference to Norfolk's wildlife. Grant income totalled £2,577,190 an increase of £457.901 compared to 2023124. A list of organisations that have funded the work of the Trust throuEh Érants is shown in Note 4. The largest component and increase came from agri-environmental grant schemes. Membership subscriptions rose by £64,615 to £890,420 in the year ended 31 March 2025. with the Trust continuingto increase its number of members, exceeding previous records and reaching over 39,000 members at the end of March 2025. Other income totalled £1,617.880 {2024: £288,761) and included the first Nutrient Neutrallty payment for the sale of nutrient credits from the new land at Foxley under the contract agreement with Natural England of £931,CM)O. In addition, the Trust received net income (profit) of £312,000 from the Sale of a property no longer required. The Trust received £1,200,297 in legacy income 12024: £2,254,125) for which we are extremely grateful. The majority of this money has been designated for e55ential and long- term strategic developments, with the balance used to help fund essential operating costs in the year, From managing our nature reserves, restoring wild landscapes. and species conservation, to speaking up for nature, delivering wildlife learning, and inspiring local people to take action for wildlife all the financial sUPPOrt helps us continue our work and we appreciate every penny. Expenditure in the year was £8,715,342, which included charitable attivity spend of £5,286,641 which was £68,742 lower than previous year due to the fluctuating nature of project activity. The cost of raising funds through charitable activities totalled £1,753,295, an increase of £556,354 compared to the previous year, whilst the operational costs of the Trusvs two trading subsidiaries was £1,675,406, an Increase of £107,010 compared to the previous year. For every £1 spent by the Trust, 81p was direttly related to its charitable activities. Although this is 3 reduction from 82p In the previous year, it compares well to other charities of our size. 24

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT} FOR THE YEAR ENDED 31 MARCH 2025 Review of Financial Position for the year to 31 Marth 2025 (contlnued) The Balance Sheet on page 37 shows the assets and liabilities of the Trust as at 31 March 2025 with overall net assets increasing by £583,630 over the year. The Trust made very important land purchases in this year including Foxley Wood {11 and Foxley Wood121; the total acquisition cost was in the region of £1,250,000. In addition, a stage payment for refurbishment of the Pleasure Boat Inn totalled £288,200. The Pleasure Boat Inn was leased to new tenants and was opened in August 2024. The purchase is a strateEiC move which will enable the Trust to enhance its visitor experience offering at Hickling as it develops over the next few years. The Trust's investments are shown In note 15 and were valued at £3,842.191 at the year end. The unrealised decrease in value of investments amounted to £70,223, The Trust continues to monltor these Investments in line with its ethical Investment Policv. The reduction in debtors (amounts owed to the Trust) reflects a decrease in grant monies owed to the Trust year-on-year - mainly through grant payments in respect of the agri- environment grant schemes and the change in the VAT position where at the 31 March 2025 therewas a VATcreditorof £183,19812024: VAT debtor£130,2291. Grant monies and legacies are areas of debtor5 which fluctuate significantly year on year with little influence able to be applied by the Trust in their timings. The results from the Trust's two trading subsidiaries are shown in note 10. Norfolk Wildlife Services Ltd, the Trust's ecological consultancy company, continued operatinga5 normal throughout the year and generated a small10ss of £3,044, £31,827 lower than the previous year. Income decreased in the year by £83,580, or 25.2%, whilst costs reduced by £50,705, or 16.7%. Prospects continue to be positive for the future with excellent relationships with a number of companies, including Anglian Water. Norfolk Wildlife Enterprlses Ltd I'NWE'I saw an increase in income of 2.20kn in 2024/25 to £1,174,709, The cost of sales rose by 13.7%, decreasing the gross profit to £8,054 from £123,632 in 2023124. The cost of living crisis continued to impact the business as well as additional costs associated with staff costs. The company made a loss of £234,539 compared toa Ioss of £115,268 in the previousyear. We are determined toturn around the performance of our visltor centres. and this will be a focus of our work in 2025126. As set out In note 10, NWE carries out the collection of various funds throu8h the visitor centres on behalf of the Trust, such as membership subscriptions, donations and gift aided entry tickets, and this income totalled £126,46012024: £105,356) in the year, an increase over the previous year of £21.104. As such these funds are included in the Trust's accounts thereby reducing NWE'S turnover and profit accordingly. The Trust remains in a strong financial position and has been delivering its strategy, developed the previous year. This has resulted in additional posts in the Nature Recovery team, working acr055 the wider countryside and with other landowners and more resource5 in Engagement activities such as workinB Within the Sweet Briar Marshes project, as well as investment in infrastructure within the Trust. As shown in note 20 the Trust has set aside £1,800,000 to continue to fulfil the aims of this new Strategy, which will take the Trust forward to its centenary In 2026 and beyond. 25

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Review of Financial Position for the year to 31 March 2025 (continued) Impart of the Cost of living cri515 Since late 2021, the UK has experienced a fall in disposable incomes, referred to as the '¢ost of living crisis, This has been seen in high inflation across many good5 and services. The Trust and tts subsidiaries have felt the effect of high inflation in a number of areas: Pressure on pay costs and the need to address some of the pressures felt by staff Increased utility costs, mostly elertricity Fuel costs increases General goods and services cost increases in item5 such a5 timber for fencing and boardwalks as well contractor cost increases for those engaged to support our reserves staff in land management. Flnanclal Reserves Policy Council ha5 an agreed pollcy in respect of the level of financial reserves held, following guidance Issued to all charities by the Charity Commission. The policy is to provide a general reserve based on six months Trust staff costs (excluding project funded staff). This policy is in keeping with our long-term responsibilities as an employer and landowner and helps us to respond to unforeseen expenditure requirements, potential loss of funding and new developments. This policy is reviewed annually. The trust held total funds of £26,104,711 at 31 March 2025. The general fund balance was £4.036.770, all comprised of net current assets {free reserves}. Designated funds totalled £9,248,890 comprised of designated fixed asset funds of £6,166,460, investments of £3,842,191, and a deficit of operational designated funds of £759.761. Restricted funds totalled £12,819,051, comprised of restricted fixed asset funds of £10,177,268 and operational restricted funds of £2,641.683. A general fund reserve equivalent to six months of Trust staff costs (excluding project funded staffj arnounts to a target fund of £2,108,942. The Trust is above this target by £1,927.828. The Trust will move towards its target reserve level through additional investment in its strategy delivery over the next three years, focussing on new projects for land restoration. either on recent or pending land purchases or by acquiring more land for restoration. Principal Funding Sources Duringthe yearto 31 March 2025, 36% of the Trust's income was incomefrom donations and legacies, which also consisted of sponsorship, membership subscriptions and related Bift aid daims. In addition, 28% of the Trust's income comprised grants received for specific artlvlties, which are detailed in note 4. Investment Policy The Memorandum of Assoclatlon permlts the Council to invest in such assets as it sees fit. The Trust has an investment portfolio and the position at 31 March 2025 is shown in note 15. Council has approved an investment policy for the Trust based on an enhanced ethical approach. avoiding investments in companies with unacceptable environmental, social and governance behaviour and having regard to ethical stances reflected in the Six United Nation5 Principles for Responsible Investment. 26

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Responslbllltles of Council The Council (whose members are also directors of Norfolk Wildlife Trust for the purposes of company law) is responsible for preparing the Council's Report (including Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice)- Company law r8quires the Council to prepare financial staternents for each financial year. Under company law tho Council must not approve the financial statements unless it is satisfied that they give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources. including the income or expenditure, of the charitable company for the year. In preparing these financial stalements, the Council Is required to: • select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS 102).. make judgements and eslimates that are reasonable and prudent-, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitabl6 company will continue in operation. Council is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time Ihe financial posltion of the charitable company and enable them to ensure that the financial staternents comply with the Cornpanies Act 2006. Council is also responsible for safeguarding the assets of the charitable company and h8nce for taking reasonable steps for the prevention and detedion of fraud and other irregularities. In so far as Council is aware: there is no relevant audit information of which the charitable company's auditor is unaware. and Council has taken all Steps that it ought to have taken to rnake it aware of any relevant audlt information and to establish Ihat the auditor is aware of that information. Council is responsible for the maintenance and integrity of the corporate and financial information included on the charitable Gompany's website. Legislation in the United Kingdom governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdictions. This report incorporating the Strategic Report has been prepared in accordance with the ststement of Recommended Practice.. Accounting and Reporting by Charities (issued in January 20191. Approved by Council on . and signed on its behalf by.. IDDLE Chair 27

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Our supporters Norfolk Wildlife Trust would like to thank the following supporters in 2024/2025. Grants and Charltsble Trusts Charitable Trusts and Grant Glvlng Organisations supported NWT through valuable regular contributions towards core activities and project funding including habitat conservation as part of our Pool Fro8s and Pingos and Lost Ponds projects, supporting schools to bring young people c105er to nature through our Wilder Schools and Wilder Wardens initiatives, and supporting NWT resilience through Building Foundations for the Future. Anglian Water Flourishing Environment Fund Anglian Water- Invasive Species Fund Banister Charitable Trust Fèrmlng In Protected Landscapes Programme FCC Communities Foyndation Friends of Holt Hall John Jarrold Charitable Trust Leslie Mary Carter Charitable Trust Natlonal Highways- Network for Nature National Lottery Heritage Fund - Brecks Fen Edge & Rivers Landscape Partnership Scheme National Lottery Heritage Fund - Nextdoor Nature. through The Wildlife Trusts Natural England Species Recovery Programme Capital Grants Scheme Natural England / RSPB England Beach Nesting Bird Programme Norfolk Broads Lions Club Greater Norwich Growth Board Ranworth Trust Sarnia Charitable Trust Saxham Trust UK Shared PfQSperity Fund, Borough Council of King's Lynn & West Norfolk Spurrell Charitable Trust Stuart Heath Charitable Trust Community Fundraisers Andy Usher- chainsaw carving sales Amanda Hiscutt- Nonvich iok Bailey and Joel Tait- Norfolk Coast Path walk Brian Budds- plant sales Chris Durdin and Honeyguide Wildlife Holidays Great Hockham Primary 5chool- school litter pick Collettion box volunteers and approximately 200 Norfolk businesses and Individuals holding NWT collection boxes Kate O'Rourke- dance group donations South Norfolk and Broadland District Council- Earth Day workplace fundraising Westover Large Animal Vets Quadram Science Voice- bake sale Peter Taylor Funeral Care- Winter Fair donation5 Woodforde's Brewery 2024 Golf Day 28

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Support from Busine55 In addition to subscriptions to our Investors in Wildlife membershlp scheme we have received generous Sponsorship, volunteering, delivery and promotional 5UPPOrt from the corporate sector. Anglian Water Services Ltd Ardonagh Advisory Aviva Bateman Groundworks Broadland Drinks Carl Zeiss Cley Spy Creative Image Management Enterprise Mobility Foster-Gamko Greater Anglia Habify Holiday Property Bond John Lewis Norwlch Lisa Angel Loveday and Partners Melbek Midwich Norfolk Chambersofcommerce Norfolk Hideaways PSH Environmental Peter Beales ROSES Pinkfoot Gallery Ronaldos Ices Siemens Energy Sop- Scents of Place Smith & Pinching The Travelling Naturalist UK Power Networks Vine House Farm Wildsounds and Books Woodforde's Brewery Yeo Valley Organic Partners and Supporters Acle Garden Machinery Amphibian and Reptile Con5eNation Trust Beetley Parish Council Breckland District Council Broads Authority Broads IDB Broadland District Councll Bure Valley ConseNatlon Group Cley Bird Club 29

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Partners and supporters {continued} Courtyard Farm Crown Point Estate Diocese of NoNich Eastern Inshore Fisheries and Conservation Authorlty Environment Agency Farming & Wildlife Advisory Group for Norfolk Forestry Englarbd Gre55enhall Fami and Workhouse Gaywood Valley conse￿0110n Group Holkham Estate Inclusive Norwich King's Lynn and West Norfolk Borough Council Le Strange Estate Lynton Wines National Trust Natural England Norfolk Biodiversity Infomiation Service Norfolk Biodiversity Partnershlp Norfolk Coast Partnership Norfolk County Council Norfolk Rivers Trust Norwich City Council Richard Osbourne Photography RSPB Seasearch East South Norfolk District Council The Green Hearts University of Central London University of East Anglia Wash and North Norfolk Marine Partnership Wendling Beck Alliance Woodland Trust Our thanks to the many anonymous trusts, foundations and individual donors who support us in all our work. Investors in Wildllfe 202412025 Corporate Partners Anglian Water SeNices Aviva Essex & Suffolk Water Greater Anglia Melbek PSH Environmental Siemens Energy 30

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Corporate Partners (continued) Smith & Pinching Financial SeNices Vine House Farm Gold Mernbers Bateman Groundworks Carl Zeiss Ltd nterprise Mobility George Shippam Financial Planning Loveday and Partners Midwich RWE Generation UK Richardson'5 Boating Holidays Swallowtail Print UK Power Networks Woodforde's Brewery Silver Members Broadland Drink5 Canine Cottages Cozens-H3rdy LLP Dr Stump Forest Holidays Harrison Group Environmental Heat Different Herbert Wood5 Holiday Cottages HPB Barnham Broom Hugh J Boswell Lisa Angel Lynton Wines Norfolk Cottage5 Norfolk Hideaways Nu Image Richard Osboume Photographv Rockthorn Ltd Searle's Leisure Resort Stowe Family Law Norwich Swarovski Optik The Travelling Naturalist Waxham Sands Holiday Park Bronze Members AD Projects Ltd Alan Boswell & Co AF Group Barker Bros Builders 31

NORFOLK WILDLIFE TRUST COUNCIL'S REPORT {INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Bron2e Members {continuedl Ben Burgess Garden Equipment Blue Sky Leisure British Sugar PLC Brown & Co BTS Group Busseys Catton Print Cheveley Park Farms Cley Spy Clippesby Holidays Cox's Boatyard Creative Image Management D & F Mccarthy Daniel Connal Partnership Example Marketing & Web Design Howes Percival LLP Interconnector IUK) Grid5erve Guard3 Landscape Iris Rigging John Innes Society John Lewis Partnership INorwichl Larking Gowen M+A Partners Norfolk Bluebell Wood Burial Park Norfolk Chambers ofcommerce Norfolk Pamments Orbital Foods Panks Engineers Peter Beales Roses Pinkfoot Gallery Poultec Training ROARI ! Dinosaur Adventure Ronaldo Ices Savi11s The Saracen's Head Diss Sibelco UK Sop- Scents of Place Sun Essences Tarmac The Bakehouse The John Jarrold Trust Thur5ford Collertion Voluntsry Norfolk Whin Hill Cider Wild Sound5 & Books 32

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORFOLX WILDUFE TRUST Oplnlon We have audited the financial statements of Norfolk Wildlife Trust (the 'parent charitable company'l and its subsidiaries (the 'group'l for the year ended 31 March 2025 which ¢ompri5e the Consolidated Statement of Financial Activities, the Consolidated and Charity Balance Sheet. the Consolidated Cash Flow Statement and the notes to the financial statements, including significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our oplnion the financial statements: give a true and fair view of the state of the group's and parent charitsble company's affairs a5 at 31 March 2025 and of the group's incoming resources and application of resources, including its income nd expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We condutted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and appllcable law. Our responsibilities under those standards are further described irt the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirementsthat are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in ccordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statement5, we have concluded that the trustees, use of the going con￿rn basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the group and parent charitable companws ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our re5ponsibilitie5 and the responsibi15ties of the trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The other information tomprises the information included in the Council'5 Report, other than the finoncial statements and our audito¢s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. 33

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORFOLK WILDLIFE TRUST (continued) Our responsibility is to reèd the other information and, in doing so, consider whether the other information Is materially inconsistent with the financlal statements or our knowledge obtained in the course of the audit or otheMise appears to be materially mi55tated. Ifwe identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rlse to a malerial misstatement in the financi31 statements themselves. If, based on the wark we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report thi5 regard. Oplnion5 on other matters pres¢ribed by the Companles Art 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Council's Report, which includes the strategic report and the direttors, report prepared for the purposes of company law, for the financial year for which the financial Statements are prepared is consistent with the financial statements; and the strategic report and the directors. report included within the trustees, report have been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exceptlon In the light of the knowledge and understanding of the group and parent charitable company and it5 environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires US to report to you if, in our opinion- adequate accountine records have not been kept by the parent charitable companyi or returns adequate for our audit have not been received from branche5 not visited by us- or the parent chèrltable company's financial statements are not in agreement with the accounting records and returns; or certain disc105ures of trustees, remuneration specified by law are not made,. or we have not ￿ceiVed all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Responslbilities o* Council statement (set out on page 211, the trustees (who are also the director5 of the parent charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for bein8 satisfied that they give a trtje and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statement5, the trustees are resFK)nslble for assessing the group and parent charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unles5 the trustees either intend to liquidate the group or pa￿nt charitable company or to cease operations. or have no realistic altemative but to do so. 34

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF NORFOLK WILDLIFE TRUST (continued) Audltor responsibilities for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from materlal misstatement, whether due to fraud or error, and to IssLFe an auditorfs report that includes our opinion. Reasonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detett a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasorbably be expected io influence the economic decisions Ot users taken on the basis of these financial statements. Irregularities, Including fraud, are instances of non-CL)mpliance with laws and rÈgvlations. We design procedures in Ilne with our responsibilities, outlined above. to detect material misstatements in respect of irregularitie5, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below: Enquiry of management and those charged with governance,. Enquiry of entity Staff compliance functions to identify any instances of non-compliance with laws and regulations- Reviewing flnanclal statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations Performing audit work over the risk of management override of controls, Including testlng of journal entries and other adjustments for appropriatene55, evaluating the business rationale of signlflcant transartions outside the normal course of business and reviewing accounting estimates for bia5. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financlal statements or non-compliance with regtjlation. This risk increases the more that compliance with a law or regulatlon Is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is a150 greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, ft)rgery, collusion, omission or misrepresentation. A further descrlption of our responsibilities is available on the FRC'S website at: https:l/www.frc.or8.uk/library/standards-codes-poliry/audit-assuran￿-aDd-ethIcSIaudItor5-responSlbIIitIes- for-the-audit/. Thi5 description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken 50 that we might state to the charitable company's members those matter5 we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have formed, Mark Proctor FCA DChA (Senior Statutory Auditor) For and on behalf of Lovewell Blake LLP Chartered accountants & statutory auditor Bankside 300. Peachman Wayi Broadland Business Park. Norwich, NR7 OLB 13 lo 81202r 35

NORFOLK WILDLIFE TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 {INCLUDING INCOME & EXPENDITURE ACCOUNT) Unrestricted Funds General Designatod Funds Funds Restricted Funds Total Funds 31.03.25 Total Funds 31.03.24 Note Income from: Donations 2nd legacies Charitable activities other trading activities Investments Other income 2.617,042 1,940,058 1,434,010 226,069 1,534,671 757,161 3,374,203 776,975 2,717,033 1,434,010 226.069 83,269 1,617,880 3,769,932 2,225,247 1.480,519 414,835 288,762 Total income 7,751,850 1,617,345 9,369,195 8,179,295 Expenditure on: Raising funds - charty activities Raising funds - subsidiary trading activities Charilable activities 1,753,295 1,675,406 1,753.295 1,675,406 1,196,941 1.568.396 4.010,682 63,039 1,212,920 5,286,641 5,355,113 Total expenditure 7,439,383 63,039 1.212,920 8,715.342 8.120,451 Net (losses) I gains on investments 15 {70,2231 (70,223) 305,052 Net in¢ome l (expendituro) 312,467 (133,262) 404,425 583,630 363,896 Gross transfers between funds 19.20 423,851 (423,851) Net movement in funds 736,318 {557,113) 404.425 583,630 363.896 Reconciliation of funds: Total funds broughl forward 19,20 3,300,452 9,806,003 12,414,626 25,521,081 25,157,185 Total funds carried forward 19,20 4,036.770 9,248,890 12.819,051 26,104,711 25,521,081 The ststemenl of financial activities contains all gains and losses for the year and of resourcès expended and therefore a stalement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuin9 activities. The net income for the charity for the year including unrealised gains on investments was £822,590 {2024.' £479,164). The notes on pages 39 to 61 form part of these a¢Gounts. 36

REGISTEREO COMPANY NO. 217338 NORFOLK WILDLIFE TRUST CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 31 MARCH 2025 GROUP TRUST 31.03.25 31.03.24 31.03.25 31.03.24 Noto Fixed assets: Tangible assels Investments 14 16,343.729 14,784,662 16,343,729 14.784.662 15 3,842,191 3,912,414 3,842,195 3.912,418 Total Fixed assèts 20,185,920 18,697,076 20,185,924 18,697,080 Current assets: Stocks 108,473 107,197 Work in Progress 43,182 31,464 Debtors 16 1,596,804 1,669.030 2,505,578 2.078,029 Cash term deposits Cash at bank and in hand 17 92.563 1,353,206 92,563 1.353.206 5,210,721 4,883,502 4,843,173 4.624,128 Total current assets 7,051,743 7,844,399 7,441,314 8,055,363 Liabilities: Creditors= amounts falling due within one year 18 1,132,952 1.020.394 1,023,712 971,508 Net current assets 5,918,791 6,824,005 6,417,602 7,083,856 Total assets 26.104.711 25,521,081 26,603,526 25,780,936 The funds of the charity: Restrtcted funds 19 12.819.051 12,414,626 12,819.050 12,414,626 Unrestricted funds: General 4,036.770 3,300,452 4,535.586 3.419,474 D8signated Total unrestricted funds 9,248,890 9.806,003 9,248.890 9,946,836 20 13,285,660 13,106,455 13,784,476 13.366,310 Total charity funds 26,104,711 25,521,081 26.603.526 25.780,936 The notes on pages 39 10 61 form part of these accounts. These accounts were approved by the Trustees and Members of Council on . Chair Treasurer 37

NORFOLK WILDLIFE TRUST CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Note 2025 2025 2024 2024 Cash flows from operating activities: Net cash provided by operating activities 23 542.679 410,228 Cash flows from investing activitles: Dividends, interest and rents from investments 226,069 414,835 Purchase of property, plant and equipment (1,854,312} (1.156.738) Sale of property, plant and equipment 352.140 Net cash provided by (used in) investing activities {1,276,103) (741,903) Change in cash and cash equivalents in the reporting pèriod Cash and cash equivalents at the beginning of the reporting period (733,424} {331,675} 6,036,708 6.368,384 Cash and cash equlvalents at the end of the reporting period 27 5.303,284 6.036.708 The notes on pages 39 to 61 form part of these accounts. 38

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES Basis of preparatlon: The accounts {financial statements) have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 2019) - (Charities SORP (FRS 1021}, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). and the Companies Acl 2006. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are Initially recognised at hislort¢al oost or transaction value unless otherwise stated in the relevant accounting policy notelsl. The financial statements are prepared in sterling which is the functional currency of the Trust. No separale Statement of Financial Activities has been presented for the Trust alone as permitted by section 408 of the Companies Act 2006. Judgements in applylng accounting policies and key sources of estimation uncertainty: The Trustees are required lo make judgements. estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and judgements are continually evaluated and are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The judgements. estimates and assumptions which have significant risk of causing a rnaterial adjustment to the carrying amount of assets and liabilities within the next financial year, ara addressed below.. Useful econon7ic lives of tangible assets.. The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect currenl estimates, based on teGhnological advancement, future estimates, economic ulilisation, and the physical ¢ondition of the assets. See note 14 for the carrying amounl of Ihe property plant and equipment, and the Fixed Assets paragraph below for the useful economio lives for each class of assets. Unrèstricted Funds.. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated Funds: Designated funds are unrestricted funds earmarked by the Trustees for particular purposes, particularfy those of strategic significance in delivering our new Strategy. Restricted Funds.. Restricted funds are subjected to restrictions on their expenditure imposed by the (lonor or through the terms of an appeal. Income from donations and gifts- Income is recognisad in the period in which the charity is entitled to receive it, when it is probable that the income will be received. and when the amount of income receivable can be measured reliably. 39

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (continued) Legacies: Legacies are included in the Statement of Financial Activities when the Trusl be¢ome5 aware of its entitlement to the gift, when receipt is assessed to be probable and when the amount can be estimated with sufficient accuracy. Grants Rec8lvable.- Revenue grants are credited to the Ststement of Financial Activities on a receivable basis unless they relate to a specified future period, in which case they are deferred. Grants are also deferred where entitlement is dependent on conditions outside the control of the charity. Grants received for the acquisilion of a fixed asset are credited to restricted incoming resources when re￿1Vable. Depreciation on the fixed asset purchased 15 charg8d against the restricted fund. The grant received in respect of the DEFRA Basic Payment Scheme is recognised on a calendar year basis in accordance with its claim period. Mèmbership: Annually paid membership is recognised over the accounting period(s) to which it relates. Lrfe membership is treated as income in advance and is released to the Statement of Financial Adivities in equal instalments over a ten year period. Investment Income: All inveslment income is oredit8d on a receivable basis. Expenditure: All expenditure other Ihan that which has been capitalised, is included in the Statement of Financial Activities. Account is also taken of goods and services received at the year-end but not invoiced until after this date. Support costs include central functions and have been allocated lo each category of th8 Trust's expenditure based on the proportion of staff cosls. Irrecoverable VAT is allocated directly to the type of expenditure where possible or otherwlse included within support costs. Rental charges in respect of operatin9 leases are oharged on a straight line basis over the term of the lease. Governanc• costs: The governance costs are those costs incurred In the governance of the Trust and ils assets and are primarily associated with constitutional and statutory requiremenls such as exlemal audit. other professional advice to trustees and trustee meetings. Realised and Unrealised Gains and Losses: Realised gains and losses artse on the disposal of investments whereas unrealised gains and losses arise on the annual revaluation of the investment portfolio. Fixed Assets.. Fixed assets are stated at original cost at acqulsitlon, or if donated, the value at date of receipt. Deprecialion is provided on tangible fixed assets at rates calculated to write off the cost of each asset over its expected useful life. This is set at five years for computers, thrèe years for computer programmes, five years for vehicles. five years for small equipment, ten years for large equipment and roadways and iwenty-five years for the Cley and Hickling visitor ￿ntreS and new workshop buildings. No depreciation is charged on nature reserves or artwork. Other than Cley and Hickling Vlsitor cenlres and new workshop buildings, freehold property is not depreciated on the basis that it relates to properties which have a very long useful life and the residual value is likely to be not materially different from the carying amount. Annual impairment reviews are carried out. It is the policy of the Trust to maintain all properties to a high slandard wilh all maintenance and refurbishment cosls being charged to the Statement of Financial AGtivitie5. 40

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (continued} Livestock: No value of livestock is included on the balance sheet, the cost being Gharged to the Statement of Financial Activities when incurred. Investments= Stocks and shares quoted on a recognised stock exchange are includ8d in the balance sheet at their mid-market value at the year end. The differences between markel value and original cost of the investments are shown as unrealised investment gains or losses and Iransferred to the Statemenl of Financial Activities. The holding of shares in subsidiary comp8nies are slated at cost plus the amount retained as working capital. Stock: Stock for resale is stated 8t the lower of cost and net realisable value. Work in progress: This comprises the value of work undertaken on consultancy contracts and not yet invoiced at the year end. Work in progress is valued on the basis of direcl costs plus attributable overheads based on normal level of activity. Provislon Is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. Debtors and creditors receivablelpayable within one year.. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Cash at bank: Cash includes cash and short temi highly liquid investments with 8 short maturity of three months or less. Cash term deposits= Includes cash deposits held in accounts with withdrawal notice periods of more than three months. Pensions: The Trust operates a defined contribution pension scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme. Termination bongfits.. Temiination benefits are recognised as an expense In Income and expenditure immediately. Termination benefits are recognised as a liability and expense only when the charily is demonstrably Gommitted either to terminate the employment of an employee or group of employees before the retirement date, or lo provide lermination benefils as a result of an offer made in order to encourage voluntary redundancy. Basis of Consolidation- The group financial statements comprise the financial slatements of the Trust and its Irading subsidiaries Norfolk Wildlife Sorvices Ltd & Norfolk Wildlife Enlerprises Ltd, made up to 31 March 2025. Going Concern. The financial statements have been prepared on a going concern basis as the Trustees believe that no material un¢ertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is suffiGient with the level of resgrves for the Charity to be able to continue as a going COn￿rn. 41

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. INCOME FROM DONATIONS & LEGACIES Totsl 31.03.25 Total 31.03.24 Donations, sponsorships & appeals Legacies Membership subscriptions Gift aid on donations & subscriptions 950,383 1,200,297 890,420 333,103 487,982 2,254,125 825,805 202,020 3,374,203 3,769,932 £2,617,042 of income from donations and legacies12024: £3.513.000} related to unrestricted funds and £757.161 (2024: £256,932) related to restricted funds. 3. INCOME FROM CHARITABLE ACTIVITIES Total 31.03.25 Total 31.03.24 Note Grants Educalional activities Income from property 2.577,190 23,612 116,231 2,119.289 23,540 82.418 2.717,033 2,225,246 £1,940,058 of income from chartlable activities (2024.. £204,960) related to unrestricted funds and £776,975 (2024: £2,020.287) related to restrided funds. 42

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. GRANTS RECEIVED Total 31.03.25 Total 31.03.24 Anglian Water Services Ltd Anglian Water Other Anglian Waler Flourishing Environrnent Fund Anglian Water Invasive Species Fund BIFFAward (Landfill tsx credit) Broads Authority Environment Agency Esmee Fairbairn Foundation FCC Communities Foundation Forestry England Mrs H M Gurney Mrs Gurney and Famlly Trust Natural England l Dept. of Environrnent, Food & Rural Affairs National Highways National Lottery Heritag8 Fund Norfolk & Norwich Festival Norfolk County Council Norfolk Riv8rs Trust North Norfolk Dislricl Council Royal Society of Wildlife Trusts Royal Society for the Protection of Birds Suffolk County Council UK Shared Prosperity Fund (Gov.uk) The Wildlife Trusts 17.000 12,000 23.190 10,000 9.950 64.836 26,114 125,800 8,000 7,980 13,000 158,691 350 2,089,180 120,770 82,763 770 1,533.175 10,971 32,000 14,196 750 37,219 29.499 133,405 16,316 5,626 19,948 300 2,577,190 2,119,359 £1,800,215 of grants received (2024: £1,396,711) related to unrestricted funds and £776,925 (2024.. 722.649) related to restricted funds. 5. OTHER TRADING ACTIVITIES Total 31.03.25 Total 31.03.24 Note 10 Consultancy & other fees Visitor centre & sales aotivities 259,301 331.163 10 1,174,709 1,149,356 1,434.010 1,480,519 Income from olher trading activities all related to unrestricted funds in the current and previous year. 43

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6. OTHER INCOME Total 31.03.25 Total 31.03.24 Note Contract income from the Environment Agency Contract income from Natural England Other contract income Sundry income 66.549 52.145 931,280 260,265 359,786 36.590 200,028 1.617,880 288,762 £1,534,671 of other income (2024- £174.159} related to unrestricted funds and £83,209 (2024.. £114,603) related to restricted funds. 7. COSTS OF RAISING FUNDS Total 31.0325 Total 31.03.24 Fundraising and publicity costs Membership servicing and recruitment costs Consultancy trading activity costs Visitor centre & sales trading activity costs 746.767 590,003 1,006.527 606,939 264.785 303,772 1,410,621 1,264,624 3,428,701 2.765,338 Of the costs of raising funds of £3,428,701, £1,410,621 relates to visitor centres and sales trading activity costs, which also include the running of the Trust's visitor centres and associated visitor educational activities. In addition, £264,785 relates to th8 running costs of Norfolk Wildlife Services Ltd, which provides ecological consultancy Servi￿$. Included within note 7 are costs of raising funds that are of a mixed nature and therefore are partly charitable.

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 8. CHARITABLE ACTIVITIES Total 31.03.25 Total 31.03.24 Nature Reserve Management Wider countryside conservation Educalion activity 3,644,510 653,119 989,012 4,087,047 636,879 631.187 5,286,641 5.355,113 £4,073,721 of expenditure on charitsble activities {2024.' £4,199,842) related to unrestricted funds and £1,212,920 (2024.. £114,603) related to restriclÈd funds. 9. ANALYSIS OF TOTAL EXPENDITURE Other Support Costs Staff Cost8 Support Direct Costs Total Dlrect Total Depreciatlon Nature conservation 1,335,160 466,358 1,801,518 1,108,627 233,376 500.989 3,644,510 Nature recovery 337.911 118.029 455,940 132.588 4,675 59,917 653,119 Education actlvlty 454,794 158.855 613.649 256,459 3,010 115,894 989,012 Fundraising and PR 446,114 155,823 601.937 99,435 467 44.935 746,767 Membership seNieing and recruilmenl 282.982 98,843 381.825 420,599 14,035 190,069 1.006,527 Visrtor ¢entre & sal8s activities 720.903 720,￿3 689.718 1,410,621 Consultancy operations 204,769 204,769 60,016 264.785 Total for year to 31 March 2025 3.782.633 997,908 4,780,541 2,767,442 255,556 911,803 8,715,342 45

NORFOLKWILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9. ANALYSIS OF TOTAL EXPENDITURE (contlnued) £7,502.422 of lotal expenditure {2024.' £5,389.311) related to unrestricted funds and £1.212,920 (2024.. £2,731.139) related to restricted funds. rhe support costs of running the Trust's activities have been allocated to the activities on the basis of the proportion of staff costs. This includes the cost of the Trusvs contribution to Rs￿ running costs of £96,935 (2024: £94.840) and govemance costs of£22,02212024.' £29,131)- which comprised of auditor's remuneration of £13,910 (2024: £13,100}. meeting costs of £8,04312024: £10,434} and other costs of £69 (2024.. £5,597). ANALYSIS OF TOTAL EXPENDITURE- PRIOR YEAR Other Support Depreclatlon Costs Staff Costs Support Dire¢t Costs Totsl DSrect Total Nature cOnse￿ation Nature recovery Education activily Fundralsing and PR Membership Servicing and Recruitment 1,346.887 366,858 1,713.745 1,625,188 206.948 541,165 4,087,047 390,613 106,393 497,006 101.822 4.145 33,905 636,879 425,289 115,838 541,127 65,561 2,669 21,831 631,187 449.535 122.442 571,977 10,032 408 7,585 5go,003 146,977 40,033 187,010 305,692 12,445 101,791 606.939 visitor centre & sales activili8S 610,699 610,699 653.926 1,264,624 Consultancy operations 238,683 238.683 65.089 303,772 Total for year to 31 March 2024 3,608,682 751.564 4,360.247 2.827,310 226,616 706,278 8,120,451 46

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARIES The Trust has a wholly owned subsidiary Norfolk Wildlife Services Ltd whlch trad6d during Ihe year to 31 March 2025. The cornpany's primary activity is providing consultancy services and the company pays all its profils to the Trust by gift aid. A summary of the trading resulls is shown below. Summary Profit & Loss Account Norfolk Wildlrfe Services Limited Year ended 31.03.25 Year ended 31.03.24 Tumover Cost of sales Gross profit Other expenses Bank interest Net lossl{profit) Amount gift aided to Norfolk Wildlife Trust Retained in subsidiary 247,583 {233,541) 14,042 (19,525} 2,439 (3,044) 331,183 {281,1651 49.998 (22.607) 1,392 28,783 {28,783) (3,044) The Trust also has a wholly owned subsidiary Norfolk Wild1rf8 Enterprise5 Ltd which commenced trading on 1 March 2008. The company's primary activity is the running of visitor ￿nIreS and other sales aGtivities and the company pays all its profits to thg Trust by gift aid. A summary of the trading results is shown below. Summary Profit & Loss Account Norfolk Wildlife Enterprises Limited Yèar ended 31.03.25 Year onded 31.03.24 Tumover Cost of sales Gross profit Other expenses Net (loss) Amount gift aided to Norfolk Wildlife Trust Retained in subsidiary 1.174,709 1,166,655 8,054 (242,593 (234.539) 1,149,356 1,025,724) 123,632 {238,900) (115,268) (234,539) (115,268} As part of Norfolk Wildlife Enterprises Limited's trading aclivilies the company undertook the collection at the visitor centres of new memberships and membership renewa15, donations and gift aided entry tickets. These monies amounting to £126,460 in the year to 31 March 2025 (2024.. £105.356) were passed on to Norfolk Wildlife Trust and are not therefore included in the profit and loss account of Norfolk Wildlrfe Enterprises Limited. 47

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. SURPLUS FOR THE PERIOD This is slated after charging Year ended 31.03.25 Year ended 31.03.24 Depreciation 255,557 226.618 Amounts paid under operating leases re vehicles 107,093 79.668 Auditor's remuneration - audit fees audit fees re subsidiary companies accountsncy and other non-audit seNices 13.910 9.380 7,651 13,100 8.430 825 12. STAFF COSTS 12a Staff Costs GROUP Year ended Year ended 31.03.25 31.03.24 TRUST Year endod 31.03.25 Year ended 31.0324 Wages and salaries Social Securty costs Pension costs 4,111,923 363,099 305,519 4,780,541 3,753,702 324,395 282,150 4,360,247 3,291.549 306,907 256,413 3.854,869 3,003,837 272.726 234.303 3,510,866 The average number of staff employed by the Trust dur¢ng the year was 125 (2024- 1151 and by the Trust's trading subsidiaries was 52 {2024.' 47). One employee earned beiween £80,000 and £90,000 in the year (2024: one employee) and three employees earned b8lw8en £60,000 and £70,000 in the year (2024= three employees). Total remuneration of key management personnel in the period was £418.453 (2024.. £454,129). No severance payments (2024.. £15,834 in respect of one member of staffj were paid in the year to 31 March 2025. There wer8 no oulstanding severance payments al the year end. 12b Remuneration and expenses of Council members No members of Council received any remuneration during the year. Two members of Council received a total of £69 {2024.' eight members, £633) in respèct of expenses incurred during the year. There were no other transactions with Trustees. 48

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. CORPORATION TAX The Trust's income and gains are not subject to ¢orporation tax except to the extent that they relat8 to profits from trading activities. The amount of ¢orporation tax payable in respect of the year is expected lo be £nil {2024.' £nll}. 14. TANGIBLE FIXED ASSETS GROUP & TRUST Equipment Fr•ehold Nature Office Property Resanios Vehtclès Machlnery Equipmènt Total Cost at 1 April 2024 4,251,979 11,212.791 179,121 1,539,512 Additions 335.082 1,314,265 187,823 Disposals (38,000) {1.688) {9,995) Cost as at 31 March 2025 4.549,061 12,525,368 169,126 1,727,335 25,059 17,208,462 17,142 1,854,312 (49.683} 42,201 19,013,091 Depreciation as at 1 April 2024 Charge for the year Deprectation on disposals Depreciation as at 31 March 2025 1,100.431 116,417 140,938 1,167,164 20,966 117,539 15,267 635 2,423,800 255,557 {9,995) 19,995) 1,216,848 151,909 1,284,703 15,902 2,669.362 Net Book Value as at 31 March 2025 3.332.213 12,525,368 17,217 442,632 26,299 16,343,729 Net Book Valuo as at 31 March 2024 3.151.548 11,212,791 38,183 372,348 9,791 14,784,662 Under section 35 of Financial Reporting Standard 102 a revaluation of the freehold property has been used as 8 deemed cost. On an historic cost basis the freehold property would have been included at £4,483.298 (2024: £4.186.216) and a nel book value of £3,075,561 (2024= £2,894.896). The Trustees do not consider that Ihe cost of obtaining a forrnal up-to-date professional value of Freehold Propety and Nature Reserves is justified. Under an agreement with the Envlronment Agency. a wet reedbed is being created on 22 hectares of land known as Brendan's Marsh (fomierly Bishops Marsh) at Hickling Broad & will be maintained as such over the 50 years to 31 July 2069. The value of the land as at Ihe date the agreement commenced In March 2019 was £283.500. More infomation is also included in note 26. 49

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. INVESTMENTS a. Listed on the Stock Exchange Value as at 1 April 2024 Additions at cost Disposal proceeds 3,912.414 3,912,414 (70,223) Unrealised (lossygain Movement in investment cash Value as at 31 March 2025 3,842,191 The investments listed on a recognised stock exchange are as follows . 31.03.25 31.03.24 Unit trusts Cash Total 3,842,191 3,912.414 3,842,191 3.912,414 Historical cost as at 31 March 2025 3,622,462 3,622,462 The following investment holdings represent more than 5 % of the investment portfolio by market value - Sarasin Climale Active Endowments Fund - £1,748,638 {2024.' £1,736,201) COIF Charities Ethical Investment Fund - £1,766,753 (2024.. £1,845,022) Cazenove Charity Responsible Multi-Asset Fund- £326.800 (2024.. £331,191 } b. Group Undertakings 31.03.25 31.03.24 Investments in subsidiary undertakings The Trust owns 1009/0 of the ordinary share capital of Norfolk Wildlife Services Limited, a company Incorporated and registered in England & Wales on 28 March 2000. The principal activity of the company is the provision of consultancy services and the results for the year are shown in note 10. The subsidiary has been valued in the accounts at the original nominal value of £1, which is held as net current assets. The Trust also owns 100% of the ordinary share capital of Norfolk Wildlife Entèrprises Limited. a company incorporated and registered in England & Wales on 14 January 2008. The principal activity of the cornpany is the running of visitor centres and sales activities. The company ComMen￿d trading on 1 March 2008 and the results for the year are shown in note 10. The Trust also owns 100 /0 of the ordinary share capital of Wildlife Norfolk Limited {forrnerly Norfolk Wildlife Trust Limited) a Gompany incorporated and registered in England & Walas on 28 February 2001. The company did not trade during the period lo 31 March 2025. The Trusl also owns 1000/0 of the ordinary share capital of Norfolk NatLtralists Trust Limited, a company incorporaled and registered in England & Wales on 17 July 2014. The company did nol trade during the period to 31 March 2025. 50

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. DEBTORS- FALLING DUE WITHIN ONE YEAR GROLIP 31.03.25 31.03.24 TRUST 31.03.25 31.03.24 Grants receivable Tax recoverable Prepayments Owed by Norfolk Wildlife Servi￿8 Ltd Owed by Norfolk Wildlife Enterprises Ltd Legacy income receivable other debtors VAT repayable 400.684 70,297 80.096 453,329 55,393 91,024 400,684 70,297 55,162 453,244 562.939 641,145 322,107 453,329 55,393 65,293 189,522 369.998 511,264 303,000 130,229 2,078,029 641,145 404.582 511,264 427,791 130.229 1.669.030 1,596,804 2.505,578 17. CASH TERM DEPOSITS GROUP 31.03.25 TRUST 31.03.25 31.03.24 31.03.24 Cash equivalents held on deposit with notlce perlods of more than 3 months 92,563 1,353,206 92.563 1,353,206 18. CREDITORS- FALLING DUE WITHIN ONE YEAR GROUP 31.03.25 31.03.24 TRUST 31.03.25 31.03.24 Lrf6 membership Deferred income Other creditors & accruals VAT payable 52,738 254,488 642,528 183,198 1,132,952 50,175 238,731 731,488 52,738 254.488 565,151 151.338 1,023,715 50,175 238,731 682,602 1,020,394 971,508 Lrfe membership received each year is deferred and subsequently released over a len year period. Deferred income and paid membership income relates to grants received in the five years to 31 March 2025 and the annually paid membership income relating to the period post 31 March 2025. Group & Trust- 31.03.25 31.03.24 Deferred income brought forward Released during the year Deferred during the year 238,731 (238,731) 254,488 254,488 263.029 {263,029) 238.731 238.731 51

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. RESTRICTED FUNDS Balance 01.04.24 Income Expenditure Transfers Balance 31.03.25 Children & Nature Fund 49,921 96,536 {108,621) {95,000) 37.836 Wider Countryside Fund 31,627 67,713 4,340 Reserves Management Fund 312,533 432,145 (416,660} 8.910 336,928 Whiteslea Lodge maintenan￿ Fund 1,390 1,390 Brecks Heathland Project 581,225 137,330 {72,303) 646,252 Cley Reserve Fund 116,566 79,853 {1,896) 45.870 240,393 Trinity Broads Project {3,4671 79.455 (79,798) 1304.821) (43,279) (3,810) Sweet Briar Urban Reserve 55.784 300,278 (15,649) 35.592 Hickling Vision Building Foundations 1,255 77,650 35,626 (1.636) 59,929 (89,675) (31,382) Ingham Donation Fund Ingham Legacy Fund Churchyard Legacy Fund 212.284 {77,650) 134,634 226,547 (12) {677) (8,910) (627.494) 217,625 864,727 64,759 301,315 Whittle Hickling Land Purchase 283,000 283,000 Meadows Appeal 54,624 (174) 54,450 Sinclair Legacy Fund 106,968 (45.870) 61,098 Sotshole Broad 18,250 (41 250,000 268,246 Critchley Fund 118,250 {100,0001 18,250 Operational Restricted Funds 2,730,501 1,617.345 (1.212,920) {493,143) 2,641,783 Fixed Asset Fund 1,160,088 100.000 1,260,088 Nwf Nature Reserve histori¢ cost ,524.037 393,143 8,917,180 Total Restricted Funds 12,414,626 1,617,345 (1.212,920) 12,819,051 52

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. RESTRICTED FUNDS (continued) Of the £12.8 million restricted fund balance carried fotward at 31 March 2025 12024: £12.4m), £8.9 million (2024= £8.5m) represents the historic cost of nature reserves and other properties acquired using restricted funds. These assets are relained as restricted funds as Council feel morally obliged to retain them indefinitely. Definitions of Restricted Funds Children & Nature Fund Funds to help children of all ages connect with wildlife and wildspaces, through education, activilies and inspiration. Projects related to CoLtnty Wildlife Sites and work off the nature reserves. Wider Countryside Fund Reserves Mansgemenl Fund Funds held for future reserve management work. Funds for the Maintenan￿ of Whiteslea Lodge. Hickling. Whiteslea Lodge Maintenance Fund Brecks Heathland Project Partnership project with Natural England and Forest Enterprrse to recreate heathland on 9 Brocks sites. Cley Resèrve Fund Appeal and other fund5 for the development of the reserve and visitor centre at Cley. Trinity Broads Project Project funded by Essex & Suffolk Water for the management of the Trinity Broads. Sweet Briar Urban Reserve Funds for the purchase and restoration of lands at Sweet Briar in Norwich. Hickling Vision Funds used to develop plans for the future of Hlckling reseNe and slaithe area. Building Foundations Funds from the National Lottery Heritsge Fund to support engagement and other infrastructure development. Ingham Donation Fund Funds in respect of a specific donation which is to be spent in accordan￿ with the late donor's wishes across a number of N projects. Ingham Legacy Fund Funds in respect of a specific legacy which is lo b8 spent in accordance with the late donor's wishes across a number of Nwr projects. Churchyard Legacy Fund Legacy funds for land purchase and restoration from the estate of the late Mr G Churchyard. 53

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. RESTRICTED FUNDS {continued) Whittle Hickling Land Purchase Funds for the purchase and restoratlon of land 81 Hickling. Meadows Appeal Funds to help create and restore meadows and grasslands across Norfolk and with them, the rare and vulnerable wildlife that calls Ihem home. Sinclair Legacy Fund Funds in respect of a specific legacy which is to be spent in agreement with the wishes of the late legator's executors. Sotshole Broad Funds for the purchase and habital restoration of and access improvements to Sotshole Broad. Critchley Fund Funds relating to a specific donation which is to be spent in accordan￿ with the donor's wishes across a number of projects. Fixed Asset Fund Comprises grants and donations for purchase of fixed assets. NWT nature reserve historic cost Historic cost of consetvation land acqulred by NI￿.

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. RESTRICTED FUNDS- PRIOR YEAR Balancè 01.04.23 Income Expenditure Transfers Balance 31.03.24 Children & Nature Fund 36,091 102.335 {88,5051 49.921 Wider Countryside Fund Reservas Management Fund 36.950 81.019 (85,4901 (852) 31,627 506,745 1,800,553 {1,737.9401 (256,555) 312,533 Whiteslea Lodge Maintenance Fund 1,390 1,390 Brecks Heathland Project 548,067 93,429 (60.271) 581,225 Cley Reserve Fund 30,361 194,973 1277.155) 168,386 116,566 Trinity Broads Project 18.120 38.660 (60,2471 (3,467) Sweet Briar Urban Reserve 205,831 68,097 {218,144) 55,784 Hickling Vision Building Foundations 9,547 (57.759) (4,844) 48,212 3,208 (1.6361 Ingham Donation Fund 266.060 (53.776) 212,284 Ingham Legacy Fund 240,770 114.223) 226,547 Churchyard Legacy Fund Whittle Hickling Land Purchase 864,727 864,727 283,000 283,000 Operational Restricted Funds 3,037,842 2,391.821 {2,590,355) (108,807) 2,730.501 Fixed Asset Fund 1.192,557 (140,784) 108,315 1,160,088 Nature Reserve historic cost 8.523,545 492 8.524,037 Total RestriGt6d Funds 12,753,944 2,391,821 {2,731,139) 12,414.626 55

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. UNRESTRICTED FUNDS Balance 01.04.24 Galnsl {lo$$e$l on Investments Transfers between funds Balance 31.03.25 Incomg Expenditure Total General Fund 3,300,452 7,751,850 (7.439,383) 423,851 4,036,770 Operational d8signated funds.. Buslness Strategy 2,583.000 (70,223) (712.777) 1,800.000 Capital Expenditure Fund 622,466 (400,036) 222.430 Woodland Centenary Fund 1,500,000 1440,000) (1.552,813) 1,060,000 4,705.466 3,082,430 Fixed Assel Designated Fund 5.100,537 (63,039) 1.128,962 6,166.460 Total Designated Funds 9,806,003 {70,223) (423,851) 9,248,890 Total Unrestricted Funds 13.106,455 7,751,850 {7.502,422> (70.223) 13,285,660 The operational designated funds shown in note 20 represenl money s8t aside by the Council of Norfolk Wildlife Trust for projects requiring essential and long-term strategic investment. As such the funds underpin a range of work by the Trust, its vision and help ensure its sustainability and growth. £1.8 million of these funds are set aside for current strategy delivery. The Capital Expenditure Fund represents expenditure expected to take place during 2025126 in respect of bullding improvements and equipment purchases The Woodland Centenary Fund represents funds designated for the creation, purchase and restoration of woodlands in Norfolk, and their subsequent maintenance, as opportunilies arfse. The Fixed Asset Desionated Fund represents the net book value of all fixed assets purchased from unrestricted (including designated) funds. 56

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. UNRESTRICTED FUNDS- PRIOR YEAR Balance 01.04.23 Gain5 on Investments Transfer8 between funds Balance 31.03.24 Income Expendlture Tot81 General Fund 1,797,803 5,787,544 (5,318.549) 305,052 728.602 3,300,452 Operational designated funds.. Business Strategy Capital Expenditure Fund 3,945,000 (1,362,000) 2,583,000 1.022,000 {399,534) 622.466 Woodland Centenary Fund 1,500,000 1,500,000 6,467.000 {1,761,534) 4,705,466 Fixed Assel Designated Fund 4.138,438 (70.833} 1,032.932 5,100,537 Total Designated Funds 10,605,438 {728,602) 9.806.003 Total Unrestricted Funds 12,403,241 5.787,544 {5,389,382) 305.052 13,106,455 21. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Unrestricted Designated Funds Gèneral Funds Restricted Funds Total Funds As at 31 March 2025: Tangible Fixed Assets Investments Net current assets 6,166.460 3,842,191 1759,7611 9,248.890 10,177,269 16.343,729 3.842,191 5,918,791 26,104,711 4,036,770 4,036,770 2.641,782 12.819,051 As at 31 March 2024: Tangible Fixed Assets Investments Net current assets 5.100,537 3.912,414 793,052 9.806.003 9,684.125 14.784,662 3.912,414 6.824,005 25,521,081 3,300,452 3.300,452 2,730,501 12,414.626 57

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. COMMITMENTS UNDER OPERATING LEASES As at 31 March 2025 the total future minimum18ase payments under nonkncancellable operating leases in respect of vehicles and property rents as set out below: Land and buildings Motor vehicles 31.03.25 31.03.24 31.03.25 31.03.24 Operallng leases which expire within one year Operating leases which expire within two to five years 6,290 6.521 84.263 10.522 22.510 23,334 196,571 20,421 28,800 29,855 280,834 30,943 23. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.03.25 31.03.24 Net income for tho rèporting period (as per the statèment of financial activities) 583,630 363,896 Adjustments for: Depreciation Losses l (Gains) on investments Dividends, interest and rents from investments (Profit) I loss on the sale of fixed assets {Increase) I decrease in stock Decrease in debtors Increase in creditors 255.557 226.616 70,223 (305,052) 1226,069) (474,835) 1312,452) (12,994) 72,227 112,557 (11,541} 361,789 189,355 Net cash provided by l (used in) operating activities 542,679 410,228 24. PENSIONS The group operates a defined contribution personal pension scheme managed by Aviva, to which eligible employees, the Trust and its subsidiaries make contributions. The cost of the group's contributions for the year to 31 March 2025 was £305,519 (2024.. £282,150). There were outstanding contributions of £Nil as at 31 March 2025 (2024.. £30.838) in respect of March contributions.

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 25. RELATED PARTY TRANSACTIONS The Trust made various transactions with ils subsidiary companies, Norfolk Wild1rf6 Services Limiled and Norfolk Wildlife Enterprises Limited during the period to 31 March 2025. The Trust paid £1,208,716 {2024: £1.205,0271 for monies taken at visitor centres, paid into the Trust's bank account and subsequently transferred to Norfolk Wildlife Enterprises Lirnited. The Trust purchased goods to the value of £3,641 {2024'. £9,236) in the period from Norfolk Wildlife Enterprises Limited. In addition. £6,500 {2024= £6,000) of rent payments were colleGted by Norfolk Wildlife Trust and passed to Norfolk Wildlrfe Enterprises Limiled. The Trust paid for and recharged Norfolk Wildlife Enterprises Limited £783,384 (2024: £938,766) for Payroll, VAT and other shared services during the period. The Trust charged a management fee of £5.735 {2024: £5,735) for Ihe use of shared Servi￿$. At 31 March 2025 Norfolk Wildlif8 Enterprises Limiled owed the Trust £562,939 (2024: £369,998). The Trust engaged Norfolk Wildlife Services Limited to carry out consullancy work to the value of £17,841 {2024- £16,831 } during ihe period. The Trust paid for and recharged Norfolk Wildlife servI￿s Limited £240,099 {2024- £275.557) for Payroll, VAT and other shared services during the period. The Trust charged a management fee of £10.000 (2024.. £10,000) for the use of shared servI￿s. At 31 March 2025 Norfolk Wildlife Services Limited owed the Trust £453,244 (2024: £189,522>. A lotal of £5,000 (2024: £5,000) was made as an Investors in Wildllfe corporate member by Smith & Pinching Ltd. Scott Pinching, Council member. is a Direclor of Smith & Pinching Ltd. All Trustees are members of Norfolk Wildlife Trust and will have paid appropriate subscriptions. No Trustees made donations to the Trust in the year {2024: no trustees). There were no other related party transactions in the year (2024: nonè). 26. CONTINGENT LIABILITY Under an agreement entered into with the Environment Agency in March 2019, a wet reedbed is being created on 22 hectares of land known as Brendan's Marsh (fomierly Bishops Marsh) al Hickling Broad & will be mainlained as such over the 50 years to 31 July 2069. The costs of creating the reedbed and its ongoing Maintenan￿ are payable by the Environment Agency. In addition, the Environment Agency paid the Trust £283.500 in March 2019 for entering into the agreement to create the wet reedbed. Should the agreement be terniinated before the 6nd of the 50-year term. a sum will be repayable to the EnvironmerTrt Agency based on the unexpired portion of the 50-year t8rn1 and the open market value of the 22 hectares of land as at thè agreement temiinalion date. 59

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 27. ANALYSIS OF NET DEBT Cash flows 01.04.24 31.03.25 Cash at bank and in hand Cash temi deposits Debt due after 1 year Debt due wilhln 1 year Finan￿ leases 4,683,502 1,353,206 527,219 {1,260.643} 5.210,721 92,563 6,036,708 {733,424} 5.303.284 The Cash Flow Statement on page 39 shows cash and cash equivalents at the end of the reporting period to be £5,303,284 {2024: £6,036,708). 28. FINANCIAL INSTRUMENTS The carrying amounts of the group's and the charity's financial instruments are as follows.. GROUP GROUP 2025 2024 TRUST TRUST 2025 2024 Financial assgts Measured at fair value through net income/expenditure." Fixed asset listed investments (note 15) 3,842,191 3,912,414 3,842,191 3,912,414 29. CAPITAL COMMITMENTS The Trust had no capital commitments at 31 March 2025 (2024: £165,442 relating to propety refurbishment costs}. 3Q. POST BALANCE SHEET EVENTS The Trust has no post balance sheet events relating to the ppriod to 31 March 2025. 60

NORFOLK WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 31. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES - PRIOR YEAR POSITION Unrestricted Funds General Designated Funds Funds Restricted Funds Totsl Funds 31.03.24 Nots Income from: Donations and legacies Charitable activities Other trading activilies Investments Other income 3.513.000 204,960 1,480.519 414,835 174.159 256,932 3,769,932 2,020,287 2.225,247 1.480,519 414.835 288.762 114,603 Total income 5,787,473 2,391,822 8,179,295 Expenditure on: Raising funds- charity activities Raising funds- subsidiary Irading activities Charitable activities 1.196,941 1.568,396 1.196,941 1.568.396 2.553.141 70,833 2,731,139 5,355,113 Total expenditure 5,318,478 70.833 2,731,139 8,120.451 Net gains on investments 305,052 305,052 Net income 466.995 234.219 {339,3181 363,896 Gross translers bet¥ve•n funds 19,20 1.033,654 (1,033,654) Net movement in funds 1,502,f)49 (799,435) {339,318) 363.896 Reconciliation of funds: Total funds brought fornvard 19,20 1,797,803 10,605,438 12.753,944 25,157,185 Total funds carried for*vard 19.20 3,300,452 9,806,003 12,414.626 25.521,081 61