Res4stered number: 00561833 Charlty numb•r: 210531 LEICESTERSHIRE AND RUTLAND WILDLIFE TRUST LIMrrED (A company Ilmlted by guarantse) Trustees. report and financial sLqtements For the year ended 31 March 2025
LEICESTERSHIREANDRufLANDMLDLFETRUST UMITED (A c(xry>ry Ilmlt¢d by Page Rofer•nco and a¢knlnlstratlv• d¥taHs irfth•Trrf IsTrust••s and fvlsers Tnmteos. roptyt Klep•ndw)t audllors. r•porton Ih¢fin¥Klal slal•m•rts C¢)nsolided stemert of finaniya acllvll•s 3-19 24-25 Consolldod ba•K• $h••t 26-27 Tru¥t balance shert Consolidgd statemert d cash11 N¢tos to th• financlal slatem•rts 31-65
LEICESTERSHIREAND RUTLAPa) WILDLFE TRUST LIMrrED (A ¢ompw Ilmlt•d by Refer and a(knlnSstra¢lve dots11s of t Tnot, 11sTne•S and advlsers fortho year •rnled 31 M¥¢h 2025 Prèsldènt &r Da4IdAttWJh OM, CH, CVO. CBE. FRS Vlce Presldent Pettr W¥d MA LLB Patron5 Laty Gretton 0. JP Dr KCVO. OBE CowKil of Mwg•m•nt Trynl1rC (olaeted by Meml>•rs of Bob Be¥ne the Charlty) Moffat Peler Williams Andrew T Anlhtmy Bithle Helen Nott Silviu Petro¥ {resigned 234J NOrnter 2024) At4gal Wilkin ANJY Abtott {•poinled 2Sd NovemFr 2024) Jthn Athert {4yiinled 23rd Novamr 2024) Taras Bains {•InIed NOVemr 2024) Gemma Harpgr {app(Inl1 2&d 2024) Chlie Hewlt lappc4nted 23d 2024, resigrnd 2P Jlly 20251 Ylly HLntsr 2>0 Novembw 2024) Compary r•gSstw•d (K)561833 numt Charlty r•gist numb•r 210531 Regi$t¢r¢d offi The ijd klim 9 S¢)ar L Leicester LE3 5DE Chalr Ann Tcthin5 Co Vi¢e4halrs H¢Morwy Secre Peter Wiliam5 Honor Trth8swer TtKpe Chld Executfvè Olfic•r Matththv Cwt
LEICESTERSHIRE ANoRLrrLANDLDLETftvsT LMITED (A Ilmlt•d ty guvant••) Reference and admlnlslTatlv• dall¥ of tTt. its Trustws and advls•rs (rtINdI for Ihe yew enctsd 31 Ir•Pendent audtors PKF Smith Ccxw statUtY Ajjthtc 2 Lace Market Sqw 1hn NG11PB Bankers HSBC Barl( Kl¢ 31 Street Leicester LE16EP Solldtors l<nights PIC 34 Pocklir¥Jt¢J) W4k LeKesler LW16BU Inve*m•nt Ad¥lsers ethn Ddplin 2 CcAtcrft Squwe Leicester LE11aF
LEICESTeRSHIRE ANDRUTLANDMLDLFETRVST UMrrED (A¢tynpary Ilmlt•d by gu¥•nt•e) Fw th• ended 31 Mx¢h 2025 The CJ¢11. beirvd theTrustees and threCtO of Leic85twsra aTrY RutlJMJ WildlifeTru$t (the Tntst) wesent their Annual Rep)rt l¢)Jether with the audiied finala1 stalements d the Tnst for th8 year 1 A11 2024 to 31 March 2025. The Amual rwt seNes the poSeS of tM)th a Tntstees. repxt aThJ a directors, report wjer ¢orynY law. Tnstees confrm that the knThJal rep1 arwj financid statemts of Ihg charilable company comFty wilh Ihe ¢wrent statutory ruIreMentS. r4ulremerts of the charle conwany's govemirg document. th8 PTOViSions of Stement of R&tthmended Practice ISORP) aFvlicaAe to charities PreP1j Ih8iT oUnt$ in aCcordce •th th8 Finan(ial RewtiTrJ sta1¥rd 44icable in the UK Republic of Ireland {FRS1021 leffeclive 1 juY 2019) arKI the Ccxwwes kl 2(. Since the growj and the Trustqualify a5 smal sectiLYk 383 ofthe Companies Act 2(th. the Group strateg repTh1 required of medium aThJ large ccrfnparNe5 CNYyonies Act 2( (Strategic RepLYt and DirlOr$. ReFrfxI) Regulati(Th 2013 has Lwn nItted. Objectlves and actlvltles & Polldes and objacllws The Trust wLS the prot8cli(ri enhanc1 of 4vildlife places in Leieestetshire and Rulland. The charity is dedicated to ul1 a tX6ilve futwe fry ikllrfo. weH as impr(wiry pwle's Lmderstandlng, apprecialiLm enjoymerrt wikjlife by cwryiTrJ (xrt fdlNfjr#J (4ts. a) For the berfit of the public, lo athIae, arKI fwtlwth8 Conservatic. maintenance )d protectlon li) Wildlrfe cortsidered lo te worthy of WCrtecti fLY the berrt, Ils habilats: li1} Ha¢es ofzLKJlLh3i¢al. bclark81. 9&lyjIca c thsitJJrat4ca va. In any way3 tw we avalable in and in r•ithar. exckNvy. by womotirg knodNersity aThJ nalure ¢onservali¢Jn. b) To advare the edu&?tiL clthe in." li> The princiFles arKI waclice of sustainable develwnent.. Illl The principles and practice of bicdversity natLwe C(er¥i0n. c} To promote research in all lyanches ol stty cl natwal fjrldthhwil b8 for kxrtlic benefit, a1 to rec(Kd and publish useful results th8re(rf. Our Purpose Our purFM)se is to brirbJ wildlfe b. to emFVAW P8($19 lo le meaniryfvl tion for natwe, to (xeale S(lety where nure malters. Our Vlslon Our vision is of 8 nalwal tKrfld, wilh (xrwk•te arKI ttyiryJ avalu&J rdein adthessltYJ the clmale d ecdtrfJi¢al emergencies. inskmred ewv•vered to take xt1 nature. Tho Tru$l'$ S¢rat•gy to203tr. BrlNJng Nat 8a( The Trust is three years into its StratY to 20. Narfwe 8ack. Thi8 SlratVJy is response to the nattwe It r&cJrises that the In Iheals d clmale treakth)wn d ecological collapse are Ihe mosl irr¥t Is$ of cwr tim. Our work cv6Y the past 69 years has Wted sryne of the rnsl inwtl for nature, now our efforts nwst step w a gear. As well as wdecting the fragments rA wikllfewrich habiLit that we have left wthin LeiceslershireaTrJ Rulland, ne&J to start restoring ecosyslemsat scale- need to natLre Into recovery. Leicestersh aThJ Rutland Wildfife T1 is positirrnj to iNswe lead the posttwe ecologtal ¢hange Ihal wll be n¢èJed a¢ross cr ¢*le$.
LEICESTERSHIREAND RUTLAIXIWLDLFETRUST UMITED (A c4Jmpw Ilmlt•d by guwantee) For ty end•d 31 PAar¢h 2025 Objectlvos and actlvitlM Icontinuad) AJlhwJh 8 knaly-ba5wJ wwj ¢ty. we are a national MeMert of 46 Wildlife Trusts, all wlth a shared pwe. As members rA inftuentiol we part of a collecaive covair¥J thé wholg of the UK wth over 944.OCL) manbers. 38.OCKJ voturrtgws, 3.61x1 staff aThJ 600 Itee8, all wowkiThJ together throuJh a central unlt. the Rtryal &xiety of Wildlrfe Trusts I'T Trusts.). The Trust ¥wJks in close Cdlaboratl QLr fekw Wilifjfe TrL6ts. as as clher partneryJ, ir¥Jivi¢knls cnMUnities, to achleve a wIr firtwe. dtws to be pwl of this wder le. The flVIng parlarS swnmarise t Tnst's Stralegy 2022-2030: BrirVir Natwe Back. Detaled work programmes for each year will thve its WKI otyeclives. Our Approach.. We are ambili(Nts in cr desire to reverse dec11r in natLwe. We need to Irrease arJarKe and diversity by rest1 cr&ing hth'tat$ al $cae. We SFeak authentic811y with a bdd confid8nt voic8. committo th8 Inrth atKrtrt the slate of nature and be clear al what needs to thn8 to FKrt il in recovwy. Fimily rTh)t in ow ILxalCcffnMilIeS. lojk 4ierwild p5. increasing peoFl&'s j$talIj of. and ccwmeclion lo. the natLYal t¥ld. We I( loeslabllsh cLYnmon KI th in pwtrwship wilh cthers lo develop n, irrnvative ways to pul nalure in recovery. We deMtrate what is $Sible. i8&¥re. anpvhpr. and ene pecyle fr(Mn all backgrryJNIs. cultures, idenlilles. dalitieS tobriThJ knut cu visionwthus, emtKacing the diversity of society to chaNJe the natural rfId for the tetter. If getour approach right inLeiCesl1e?j RullJ. each WildlifeTrust does the vwll have a cdleclive impxt that gels it rlgm nicAwlly arJ W atsgss global [0eMS. Our Goals.. Nalure in Lgicgslershlre•MJ is Inryv1jth thverse wikllife aThJ nat proces8e8 reating wiklgr land ¥tse peo8 nure tlwTrve. Peopte in LCeS18r$IN.rear#fj RullaNI are tthir>J a¢tiffi fcf natLre the cl'mate, resuStirvJ In better decision-making f(w Ihe VIronn al tth the Ictal Iw81 and national level. Natur8 in LeIcestershirew RutlwNJ Is F4ayirJ a y4j rde in help1j to athjress local and gk)bal wd)fems. Tl Rg4Lir&J Tr1matics. Developir#J rw rde as a trted SOLYce exwtise WoTkin9 effectivdy rwtionally Iccalty Inspiring. organising mot#lisirvJ comThxiti8s UndergcAr#J a'rcxA branch, digital transf(xmion DeliverirJ astepcwe the iliersityoffwxfiTrJ for natLYe's rery Thè Enabling Pri(xilies: ResporKlirtsJ lo the climate and ecd(Jical wnergerw- gettiry our (Ybvn he in ordef Ensurir¥J our nalwe reser4es and laSc-s¢ale iThliatives aw the fwrtrjation fLY nalure's recovery Develop clear and consistenl evidencth&l [1cleS Inve51 in a higNy-ski1gd dd1VerSe slaff voluntsw neirk. IxNkl a movwnent-ide lewning ¢utture th autlKyity and a c(rfitnt v(•ce. irtslilliNJ 1n¢TlIVj our impaGI aThJ infJgnGe The d8livery cl ihis Strategy is trAsis f¢x the Trugt's dty40• wtyk. saf*3uarding vildife by:
LEICESTERSTrIREAND RUTLANDWILDLFETRUST LIMrrED (A c(¥npry Ilmltod by gwant•g) Trustws. report (cortlrnwdl For the year ended 31 March 2025 ObJ•ctlv•s acllvltl•s {contlrnd) Working to wd8cI and enhan bio(versity We care fcf 37 natLre resw¢s ¢overirbJ almc£l 1.31J) trrti¥es {arol 3.210 acres}spre•J acros5 LeicterShff8 and Rutland. From wcojland lo meachyws. wetlbJ lo heaths. these reS contain a rich variely of and plant species, vrny r¥e. In th8 wder counlTrsid8 we work ith I0MerS. Icul k1es. agerries. bLtsinesses. other partners and stakewders to amount cl ld that is bng rnanag fcy brIt of nature. The Trust's LNIIYJ Landscape Areas provide the gra¢01 tlws Roswch andsurvey We mnbtor. stuty and sweythewilolle rfrAKcwnlies toithntify $tal pl&es and imFwknl speu6S. to infcthi mwement and tte nature c(Thervalion. to tffotecl ktal biodiv8rsily. We offer wayone the chare lo exwierKe Ihe wilthfe lId plxes with to our nature reseS across Ihetwo counties, a1 also trffowjh ow eryagewnl activlies and events, volunteeriTrJ, o Visit centres, aThJ wc¥kiThJ witrin (xff CLrnW¥ts. Inspring ondethKaling We we passi atXrt inswiThJ evtryN. of dl •Jes aKI frcth al b0JS, to l(we care for wldlif arKI wild aces. We have wth]rMe5 a wide vwiety of &tr¥fiias, groups events for families aTrJ children. we want to help all cunmltieS ediwes eKKwietKe and have access to nature and its b8neficial impacts. Advcc8cy andspeakingup fornatwe We caryyagn fLT wilthfe. wotectirg tlyeaterttd lrtilats le wlbJl¢xer meathwts aThJ rare s16$ sh as ospreys, otters, bals, a1 waler voles. The knve kw 8nS ircTFmed irrto Tn'S aryxjal Flan. vknth identifieg th8 priories fc e&h year. aThJ sets out thework that needs to be wi1 (rt lo &hieve them. Pr<>3res$ 4ainsl this detailed work plan is subject to rUlar review ty management •¥J th8 C(AllKil of the Trl The vuk cled out in the year ended 31 March 2025 is sel (MJI in Strategic Repxt secti. Publlc 8on•flt Statement The Courtil c¢Jffirm that Ilw have Cfjnied with the thrty in seclKm 4 of the Charlies kt 2006 to have due regard lo the Charity Commlssion's general gU1Ce cn benefit.. Eh¥ities and Public Benefit.. The Trust¥ wlIC benefil is en5Fwined in its chitatrAe Ciyecls as thrtlned above. The Tntsi fuifis its 014ects aTrJ delivers its rAIbl berEfil throLvJh rts ce &tNrties of proteclinj and enhancing the lIrfe and wild plac85 of Lwceslershire and RUtId WKI eryagiThJ V4?Ih natwe. Grant4naklng polldes The Trust yrates a smal gr•rts sctrvne its .(tsrTr Fryest LTrvirwJ Lthcapes" w4ect, lo assist larmers arnl IaThJch8fS in Ihal area wxtical nwe COerallr sch8mes.
LEICESTERSHIRE ANDRirrLAPK)WILDLFETRUST UMITED (A Ilnthd by gurnto•) Tntst•68' r•pwt (cont1nd) Forthe yew ended 31 2025 ObJ•ctlv•s actfvitles (cOntIn) G Charftable and PolItk Oonatlons Trust maje no ch18e Lf pAtlical ¢Jnatrcrts Ih8yW. strat•glc Rewt We we pleased lo rep)rt SIJr¥rK [roJrS Ie+ed thwing the year erthd 31 2025 in the delivery cl (wr Straegy to 20JTr. Brinrtg NatW8 Back. ThL8 vLMI( i% txilt a great of fOlatIOnal eff(xi in previ years. aml il has been very rthvardirKJ to see My¥S c(10 tion1hiS year. This aclivity is detailed below. The infoinatNM the R11 PwfOrnCe. FInCIal Revivw, Risk ManeMent Statement and Sunmnwy of Fulwe Pl. f(rn Stratogic Rewt f( th9 wrp)ses of the Companies ALt 2tw)6. Tli5 ReFyI feviews Ihe PWKMJ 1 hwil 2024 lo 31 Mwch 2025 ouUin85 th8 wiyJress and achievements cvfjr the CQLYse of the yw. Natur• re¢ov• The Tnsts nature rwArves Fwlide fcrf anazirKJ dNwsity of wldlfe. Some iare arKI tgate, as well & gNirg pe(We the to expwiwKe leam thrt thè rth vwiety of halytats that were orKe despre•J. We care for 37 nature re40rv wer almc611,31X) hecL¥es (er 3.210 aces). ildIrj ovtr 19 Site5 of ¢¢ial Scientific Interest {SSSII. two NatKJnal Natwe Reserves a sla1 Protection Area. quisitions At the eTrJ of lasl year reF#xled tty w$111l1S wch Yre in tran. These transfers rA I were Com[ed in 2024125. Land at Gt 8ovnlen. dcated by th8 Adler faylly in nm(ty d their son. has Lwn nam8d the James Adler Nature Resefve. Th i% a dgllghrf sile d 21.37 ha (52.8 &res). very clcBe to the village and to the River Welland. which rur through IhB WI. The resepie. vthich is Centty graaThJ larKI. 711 be maroged to increase aThY imwtrle hatltats avadat4e. wykiry valh the natwa tY(t&ses d the rivtr to e5tabli8h damp grag4and and wel wc(¥Jand habitat. We il to the sitq WKI ojr i>gat B¢Jwthn L(Kal Group is very invdv&J in tlis txoC. A O)rwtion from Damd Homes 2.4 I (5.9 &ras) at Won wa5 ffinals thwing the year. This site. compri%iTrJ a lake wwllarnl. is aQ'xent to extstirKJ reseNe and In close wwmity to (r existirvJ Soar Valey natur8 r8S8rves. It will 1p exp&Trl the c4xtly f nature reci)very Nlrythin that area. Th2 Trust hz an actNO Frne of assessiTrJ wiisitkn glt6s exoriTj (ferent m&hods of fuTrdirwJ WKI financing lo acqimre ttrm. A l¥ge pwi (rf tlis s lId1j (xy nelwLwk d lctal partnèts aTh slaket#Ydets. ¢reatiTrJ a C(ml1ty d irterests for nature in ccAmties. We are currentty Investigating a Thjmber d options fcf exp of (yjr nabxe re$e estste.
LEICESTERSHIREAND RVTLANDMLDLFETRUST UMITED (A ¢(onpwry Ilnthd by gu¥ee) Trusl•es' r•p(xl (cortlnu•d Forlhe yew endgd 31 Mwch 21nS Stratsgic Rowt (¢¢)ntlnu•d) In ordgr to or6ure ow rwlure reseNe tstate COntinS lo prowde surficant S9S where nalNe wldlrfe can Ilowish, al crtjr reseNes are su¥"ect to magemtt tlans detailNJ type aNJ inlenstty CA wclK need to be carried oul in ary one year. Fcff 2024125. imF4ementa1i1 d Ihe m8tWg8m8nl FAans conlirwed ¢ffe¢tNely. and th Ihe ij1Spgn10 assislarKe of our teams of h8bilat manageffMI volunteers. Thanks lo gener dcThlir$. c4r NatLre Reserve5 in 2m124 SLPtKJrted a groal deal of Mfjrk a¢ross o natwe reswves durirKJ 2024125. ifK4u(Ir¥J patw al Ketton Q, a newlwn raft a C055irpton MeJcr•VS. J the purchase equipment. Flr peafUnthd w(¥k ill follvw. ir111¥j at Kelhn 8ridge. Ajtsr Ston8s. ¥NJ Kellon OJarry resgryes. FLKts from Envyonmert AgeY LL5 to fxilitate a rerAxemenl tr&lLY a rthy mvwer fcf Soar Valley reseNes. a replacement k)¥ sc11 fry the eastern reserves. wetland irryrovement rk a KBlham BriOJe Nature Rese. In a¢Jition, Natur ErylaThs ConseNation Enhancement SChe furnled 1,641 m of ferLlrKJ at Lwhtrfwh Big Mekn togetlw with c&Ue trh5. a cattle ccAral, gates. We al80 rIed out swJnific• Iree ShrL plan1K at Cossingtm Meadtrlts. RLrtlaThY Water, Launde Big Wc arKI Pritt's Cowce reser¥es. Th• wldw Gountry51d• LaThJs¢ape-$¢ole ¢cSeNatI ts a mw tsus Trnst's 2030 straggy. In order to provide more fcf rt8 to thrive. we are thing with laThJrMrws •KI othgr part5 to bring nwye land into management in a way that is sympalhelr lo nature. Thi% Y inuease the s¢ aKI rarye of diff&enl habllats acrc6s our orea. helping biodivetslty to sprel. Tntsys LiiiTrJ L8Thtswe weas FNde the gec¥Cal franework f Ms work. SoLthwast Le1Cestshe LEcomiry wea ol intew fo¢ the Tr1. On Ihe ba¢k of acquisition of the James Adler Re$Ve (see above) we re able to exteThJ links wilh other major lanthMiers in the area. We are delighted lo b8 Wknng with HaTbCh Dtstrbrt co11 follix¢ryJ their w4uisilion of ovw 53 hectares I1 acfesl (rf fomier Irj rv Great BTh¥dBn. wich was 8rminced in March . This is a unique wojecl of nalional sIgnfra to rest(e natwe at a laThJsc4e sco18, trxiThJir¥J n&fits lo wildlrfe. people and communities. proiecl wdl work to rth•Ad a natw&depFeted wea, reslatlBling n&ural processeg and buldiry a nelwork of nature sites TeW11¢Ie can thrive. We are lockirrJ fcTh¥d to ow Vrk with the District Council, ar¥J ith other key in that area. Gr8ener Golf OLr Greertr Gc4f irMtiatNe achi•j a n111(Tr th8 y. ilh 14 clth in Lethtershire aTrJ Rulland sigrhed up to help increase bicxjivetsly in wdere areas of Ihwr courses. The great SUPPKJrt (lA1ded by the ¢ILth meant that we were able lo f1 a Fr(41 oifrw t wil be w(lj to est&)lish management plans with all the participarts. Losl Rwlways W8 svC£8ssfyy d81Nered the Lost Raways finled by Nalwal ErwJknl. Thts tystemalalty assessed the conswvaicm value of the ccrfritkn wovided ty di$ed Irth d former raaY bnes a¢rS the counties, including OPFOrtwilies for peryle togetcloswto nature. TIMS re9ch Wil alcw us tO¢r19 largeled ¢or6erval'on measures. 8ThJ th& project has caujht the Imaginatic of wr regic*)al partners. together wlh England and Natural ErolaThJ.
LEICESTERSHIREAND RUTLAM)WILDLFETRUST UMITED (A cw)ry lIned For the year ended 31 M•r¢h 2025 Strat•glc R•port {¢ontlrnd) Lc¢al Nature Recovery Stregy Tl Twst was a key thiser to the Leicest¥. Le1¢ffit51fj Rld L(tal Nature Recovery Slral83y. whiGh had it$ public c0r6dta1ic thrirKJ the yew. Ckr experience Ircrfn t Twsfs decades leading tl nature CLTh8fvation ajonda across COLmties w&8 fulty iOrp1 lln the Slralo3y. wth close alJnmenl with previous. existing aThJ futwe areas of nure rttovuy WOTk. Strategy will carry legal vwhl KI will help enswe great attenti( is to tmodiverstty enhancement and nature r0Very in Ial autrity rdicies in the futwe. Tr Strategy was ath¥ty in July 2025. Ru¢laTrl Water successes Tlis year saw fvrttrStreThJIn4n9 of the local Ospyw ccrfnmwity in arouThJ Rutlarnl Water Nature Reser¥8. In t¢knl te were 11 nests, arKI 25 ctmcks rased. raSia (Ner1 tota ncw to 278. Staff and v0hJnteg pryessed 3.178 i¥rds overlhe lY> ccrfKstI Eff(rl RrrfJir¥J Sle4 aKJ 520 Sand Martin ChkS were rir#Jed ¥ross the fv40 artificial nesliNJ th9$. (her 85.(W wetland bir thwe (ded rIr•j the Ilr<xvJh fv We¢l•MJ &rd {WeBSI. irduding re¢(d numtser of 100 Great White Egrets. A total of 410 moth speues wwe rec(Yd over the yw. 01 Ilw 12 Mve to RullaMI Wts. IlUcIj Martled Gr88n. Dark CrInOn UnthrnirKJ. oan Carpel. Gobj Swift. Large Ear la first fLY Leiester5hire and Rutland) and Plain Pug. A totsl of rnl SleS have rthv been r8cord8d at Rulland Water. Beetles representir¥J 1x1 s19$ also reccd8d. Elsewhere on the Reserve. Small Mammal Cnera Trapptry Prcyect. by vdLrteers, C¢Jnpleted tts second year. In all. amost 97.OW im•Jes captured. geneTatiryJ 6.532 1nthvldu small mammal rdS of 15 mammal species- Waler Vde, He$l Water Water vcles ThroLoh Wal8r Vrje Recolery StralwJy (f4ThJed ty the tldra Sp8Ci8s SuwaI Fund), and in trShIP %%llh a wide rarwJe of rKyFststLrt(ry cffJanisalions. we idled StralwJ prioity areas for water vde )Fxlation protectim expansi. We raiw awat the next Fllase of woielx thich v+Id pemlt a large scale delivery plan. in line Yilh the growNJ erfidwKe base. This y8w has seen some remwkaLle recdS fr(An Ihe lAr¢ mycdcgy. The Wlow Lster FuTrJus (Qyptorryces maxThNtsl. tl onty nalNe &ili5h S8$ listed in the scienlrf wblication .100 Most Threened &leS., was fwwj at RUt1j waer Natwe Reserve, a first wound Lagc< 2 and subsequently w LYN1( visit Centre. It is cdy the second r8cord in Eroland since 1876. In addition. a furEus swvey ReSe dlsccver&l pre¥w0 Lf the smallesl lIe in Ewop8, Baranowskiella ethstrrAni. is a membw of feathw-wTrJ beetle famity aThY measwes just 0.4mm In length. It feeds pre(k¥ninantly on ts SFKYes of Ihe tnd(et lUThj Phellinus concha1 - a specles which itself is sc*ce In Britan and 15 larg8ty to Wl1( trees.11 is orty the third tsme Ihis Speci has been recwded in Britain. rry's M8a(hJws Nature Reserve is vAl-krth as a key site f( limeslow grasslarvj flor4 but 8 fungus SLKV carned wt in aulumn revealed that it is also to impxW wray of fwrfji, wlh 15 vwieties of thè
LEICESTERSHIREANDRUTLANDWILDLFETRUST LIMITED IA Ilmlt•d Tru•?$. r•wl (contlnwdl For the yew end•d 31 2025 Strat•glc R•wt {ntIAd) cdourful Waxcw groLP tsiryJ Tectrded in that smiey do. The mosl notable SF¢¢ies rlYded in the SLThey VAS Crimsonwaxcap {Hygr(tyt wnioea). Thls S¢19$ is listed as 'Vulnerable' on the global IUCN Red List and is scarce in tr are& In addition. a survey al A8h Tree Fm {$ee behyw) led to 12 Waxcap srrties beiTrJ rCded, includirg Pink Waxcap. SuNeys swh as te tl of grasslaTrJ. Waxcap gr&slar¥Js WLe a Considerable peri(¥J of lo develop ItrEir ¢h#r&twist my¢ola. 7hith me (thverse and impxtant sites often lalkiro Centuri lo tliSh. Many Eur(p waxcap sTasslaTrJ sttes have thsappeared over the last 100 years aThJ the UK rrf)w ctyrt84ns a significwrt wr¥Axlion d t1 overdl European w&x¢ap powlion. e wlth natwe Ow volurt8ers Re8earch shows that VteerIng wovths benerrts tknugh imtffojod health well-bèirKJ. CrLtiarty, rt also enables the Tn61 to actmwe even nre Ial ildle. This is cwt by our amazing of 736 vdunteers who Fmide vitsl SLwxI ty Je1 a id9 rarqe oflasks acrc6s all areas of tlk Trust's &tNities and initiatNes, includitYJ ccmsavalion rrbThgement, Speci rdirJ, relail aThJ Vbsilc¥ eTwJagemenl Oire administralion. and gOvae. Their skills a¥J ktNyMedge w¥Jerpin xlMwerrnls and wctyJress. We we Iruty grateful for ail their help. In all. alftK6t 24.{ IKAXS thwegpien (S all oflhe Tr1$ wDrk during the yew. The foifcwng detaled l¥eakdl in vdurtew opwatiorAI swyxt gNen sh¥S the enornKw commitmenl ofour volunteer tearrLS.' reSve management - 15.$89 hLMrs.' visil¢x cenlres - 3.720 hows: reccffdiro and MnitIng. in¢llg tspreys-4.235 hr$. comnmrity (Krtra 105 trKUS,' th1n1str'0n evonts- 324 hours. We are ¢ons&ty anazed deligmed by the devolion thal vc4ortews stKyw in tIr for Trust. We are away$ irKreasiro yoe¢r commurrity. INJt mary we definitely in il f the lorrfj haul. One SLKh volunteer B Dale Nee(knam, in 2ff24 Chak his SC#h year as a volunteer at Ruuand Water Natwe Reswve. De'S w(k hdpiry al Reserve has Co¥j a raThJe thring thal ilme. He is aL80 a mwmber of Eastern Reserves vdurte8r le. Anothw remarkable hIeveMl vras marked in years Holwdl Resaves Conservailon Volunteers, the sknlled resourceful (jp of FeOF4e who have carried S3rficarl wcrfk in lping to manage the varied and inwtant features of the Holl11 Reserves cn[th. Th¢ year saw end cl the CharrrA•x4J Grasslaxls PrcI( pal d Il Charnwc Foresl LarKlscape Partnership scheme. Workirg on 14 grasslaThJ sit& covwiry over 53 ha, KKc¥ecl mel its ain which wwe 10 assess impa¢1 d charKJing marhtyemerrt rèjimes lo gui fulLwe ¢cseallOn practe, in partlar to increase species rordIng in area thr¢)h vrtmteer irwt. wth arThI 360 Fee receNirvJ online or i person training. 90 vclurrteers clrt 7.LKXI rectyth to the SleS dalthse f(r Ihe Charrhvcixj wea. N8ture Conservati at Ash Tree Farm Where pIe can tackle hab'tlal resl(falion nalwe c(wrvation rm I1r (ylm dcK)rslep. whether that be small urban garden CY a much IwJer part of th8 c(xJttryside. thi% con make a Ccffltributi¢ lo overall nalure re¢overy. We have teen delighted to frge a strong relationship ilh Ihg thvner of Ash Tree Farm, just outside Lutterworth. Having teen sensitivdy *)d imaginalivdy rn)ed io maximise ils wildife Val over mwy
LEICESTERSHIREAND RIThLANDWILDLFETRVST UMITED (Amp¥ lInted by guwantse) TnMt••s' report (contlnued) For the year ended 31 March 2025 Slratsglc Rel (conllrn ades, tPi5 famland Is haven l(cal ikJle. wa to b8 Npiry th8 OWWS ensure that its knodiversity will be CClir1 in Fuity Next Nature and Reslcrt tho So The (wpJinal flMth for (r $eSsl lIh Lter c(mwMlies havirg firashed. our Next Dcor Naure pr(¥ect is now enteriro a 8$e Vth gffierou5 thjng frn City Flte. In Decerrtm 2024 (wr Nexl Natwe staff knj. Fee W(Ai(m, was The Ma3h Staff Award fc OLrtslaThJing Pthlic EngaJemenl 2024 la partnership telween Ihe Mwsh Charitale Fwndaticfi and the Royal Society of Wildlfe Trusts) her Inspirational w0j1. Th year slartwj our nv•V "Rtore the SO wc4ect, thtych is a partnerstlp Le1¢ter City Council and thg Canal 8ThJ River Tntsl. Su[wi by alm¢ £600.0 in thelq)ment fiJ)ding from The National Lollory Heril•Je FLmd, this projecl Is aimed at makir¥J imFfoverw4$ lot1 rNetside virnt through better habitsls, integrating re4V 4)k¥Jrtunitie5 kn nature c0nrncll. ethanciTrJ safety and aesthet#. crealiry nthv opportunities for F£0e in local cormitfftities to use woa f(ff leisure, wcwk. vcAunteerir¥J trainiry. Collaiwalion wilh 81 universilies Jr coe1¥all( Mgement tAtvk species nmtoriTrJ at RullaThJ Water Nature Reserve was ealty assi8ted recenlty the invokfement of a fuThJed research W(¥1 Ihrough LcAol¢¢wh UnivttW. &udenl$ frwi Leicesler. NottiThJham Trent, arwj LcwhLMYough Universities l[j slaf m¢J)itor thè water qualty in tho la3(MYL5, resling in a deta4ed repxt ffi the irry><i d wer quality on ¢fferent hatmlats arKI s[leS. Educati s actlvlll•s The Trusys education programme is CLwrenttry teng r&Jesigned to ensure that ils impact reachas mcrfe age grwps ar ccynmuritl. C8 rthe1C, nvw frj te sought to ComMee this iMed edalon The Tr1 ¥hie$ s13rif inw in ¢(MlIr9 commLYMti•s Trth riatwe via wr prowammes of events and activities. Durir#J the year ovw X)0 evenls. sune designed sararty formertrs sMe fcrf the geral wblic. in total reactrirg over 3,3Th) peotde. Ajmosl 23.(m Feor4e visit&J our Lyfthn VltC( Centre duriNJ the year, primarity to see th8 osprws, arnl CNW 1,3(K) pe were pass4wJers th9 19 osprey crulses we ran thriro the Advoca ki A wh)le Ie d pJli¢ies aThJ thcisiryE Th4thfe ryld plxes. bllth ever-ineasI agricultural, usino. arwj Lher d8velr4xnenl in Leicesterstire aNI Rlar<I. il is cr1?1 that there effle voice for hIlle al a local. c(wty, regicThl level. Dwir@ the yearwe prOrted nalicmal caryagns ilh the Rtryal Society ofKfjldlife TnEts fort Hedgefvyj Walk, 12 Days Wild. The 8•3 WafK aThJ 30 Days Wild We were aclpiety invcfved in th9 mpaIgnitY arrn rArtccthes for nature the Gera El9cli¢. ti¢led in the Reslcfe Nature NrAV mass tIOn. The Trust was a major fcKLB fcf episrAle d BBC c(fi, pro11d a he slvxase fc w w(Yk wotecling natur6. and resLlied in $ignificwrtly iaised 18 f(ff (#W ¢Xg¥isaion. Communlcatlon AstroThJ we$e are eswal in the nKthm to TrLBt can inftnn twle engage them wth its This impacts dl gr(wps, I11¥j staff. voluftteets. nEmters. and olhor suppcrters. LL%iThJ various cormllumcation C$, (mline and winted material. we have twi abl8 to communicate 10
LEICESTERSHIREAND RUTLANDWILDLFE TRUST UMITED (A liThMl•d by wrtee} For the yw endod 31 Marth 2025 Strat¢gl¢ R•wt (¢ontlnued) key mess&Jes, grvw our reach. cor10tmId (u wle. S¢xla rntstha aeLounts in Ihetr nature 8uEd be fltid easity •J8ptable lo allence engag8m8nt and b8havrour. Reach {i.e. the tota numLw of itxlividuals who see the Tnjsl's soaal content, includirg t)$8 are rol fc41owers} engajement rate are co1 Ing rythi1ed alcmg ith Ihg limes and ly of content published. to •Bure Lwl er¥J4ement rates. An anayss d the year's s(Lial results in(licates clrts8 fTKJrMtOTirwJ of figure5 can enSe thal effort is ¥WVtaldy twgthd. Th& T11 ¢urrentty has ni $¢xial mla ac£(xus. $ltstiLX over 2024r25 sMN¥ed shJnfrant ir¢reases in bolh fdlLYMe and r&h all &caurds (exc X. ere &lNity has been sNJnificanty reduced lo concentrate on higher-pertcKmirg plaffryms). T1 rtK>si sIgThfI gr(hvih has ten seen on the Osprey Inslagram CnI vthwe cross.platfffl conlerrt p151 has irtegrated. A fu 8KamFle of for gr8atar effran8SS is kne YwTthe 'slMYts' have Introduced on th8 osprey YouTLth channel Inste of the traditi(mal viden clips that have ien previwsty uploaded. Th lop viewed video had 2,884 views la 10% decroase c(¥rpar tts last year). whereas the lop viewed video'short had 8lmosl 1.6 llion ViV•Y5 by crxnparIs. The slx¥ts are beiNJ as a way lo replKe exi4lrg oswej bltyJ$. have been re$Iceheavy, Ilme- consumirKJ 8ThJ very slow io prt>kno, tirMJ wb115 website nang that they are effective only available to a closed aLKIler'. 'Shorts' we rrwch qer and &3si8r to prcJuce and COntn customized and far her c(y)tenl, they have a mh hJr enga3wiHrt rae th trath'tional land$¢tye ¢liF6. and Can sh8red &ross variws platfm sh as Ins¢awi Thich remcwes the need lo re¢reat¢ Il samè content in different formats. The Tru51's website attracted 624 users, otwl¥ch 05prey bPageS SFrtifi¢ally. A lolal of £52.000 reveNe in the year was lo t4bste ccrfrtent. ir¢lLJiThJ memberships. thjwtions. and Gift Aid. and broadenl th• Trust's su In order lo carry <xrt Its th a)y charty needs a str a)d eIsla$C SUFVXI base, th8 Trust is no exc8Ption. M8mtrs are glsation.S Ifet4crfJd. corrtributit¥J in many dlferentways- Ffcwidiro ircome. givir votynleer 1p. offerir¥J SLPryJrt and exercASiNJ in1le. A committed arrtj engaged membership that is r8w8senlalive of the kcal cornmLmity 15 Vital lo the SLKtess d the TrusL In •Jditi, stwxt from doncK5, business and 193xie5 is ¢nriai io gwatiro irrcrfne to 5UWXrt lh8 TrLtst's work. Pll those elemgnts complement the central core of reswr¢e prtyrfidthj by thè Tntsl's staff aThJ governance slruclures. Th8 Tr1 is frAtale to rec&?ie SLVXNt from many thfferent S(xY and ¥ are e<tremety galeful to all those who help us in wr V+ryk. in any way tw Membgrshl As at 31 March 2025. Trusl nwmbersl¥p slwj al 19.344. Ttw irKxease crf 281 over tl F*WOUS year. In financia11y-urertanlrkJ, il reman8 8 chall1rj time simFty lo recruit, Lxrt also lo relain. Olf manLwship. Our new stratY foceS s1r¥jy on the ofall morrd)er types. Each memtsrship tyr has a mixture of similar arwj Urque needshequirements. so retenli(m W98gennI actimty wll focu5 on Ffovidirg praGtiGal $¢4utKJns in nse to this. A8 cf Ih's we ¥e ¢JevelopiNJ -clOMor journoys", Iiilh autrmated welcome emails now Ing senl lo all s¥Jn up to EThnthvs Ihrowjh the wetsfle, data c¥ure is now in rAa ross all ow effjqliry fryms TrhEbsrte. undralsln I lypes of ¢knalions are hugety welcomed trAJl are micularly graleful lo all those supporters who continue to give funds tCW8rds the Twst's as a Trse d(11($ Tr1p us lo COlre mary IMpan1 aspects 11
LEICESTERSHIREAND RUTLAK+lMLDLFETRVST UMrrED IA IlmSt•d by gw¥rt•e) FIX they9¥ ond•d 31 IAar¢h 2025 Strateg1¢ R•wl Icontlrnd) of our v•k. frcth famly &tr4ities to fr¢Jn heli¥ng nalLKe rec04ery projects to supwting our infraslruciure. Generous sUp[tt dcmations offer vlal Wp (wr natlwe r&erv8s. Earfy 24.$ Wild Abcyjl Our Reser¥& Appeal supported a gr1 deal d w(k Om"ng 202<>25, inclu¢rg new pathways at Ketton Quarry, a tern raft al cossin07 Mea(hM, and the pwchase tyiuwent. Further a&yeal.funded V+rJrk 11 folow, incl1 at Kelham Brithje. Altar Stcs KettC reserv8S. Our major appeal the yew "Restue. Rlain w¥J Rry. TtkE laLmched in Oct(er 2024, Is aimed at sutw(YtirKJ gewal natwe reLovw ellcl righ xross ryganisalion's wJrk. The tota rad In yew was £37.469 irthlro Gift Tms llrAI vrith tunilng sc¥n8d th8 restoration WkS required followiThJ uiminal damage at Rulland Water Cloud W(K)d nalure raseNes. It also paved the way In Harrcgh Distri¢X CJ11 partnetshipknyjrk a1 fxillat•J the recruitm{ of a Nalure R0Very offtt, all hglF¥ThJ to demvw mningfi cha¥Je aKI a step closer tiwads vBicfft of a ilder, rN)re connected landsc8P8. The impact of Ihis aF¢al 9S btycKI ithi(knl prLiecls. k has Strwglhe wr partnerslMF6, irrreased (K CapltY, arml demstrated just much can te &hieved wlw Fecpie come t(jetr for nalwe. We tk part iDThe Give lo r&sefiJMts to deve1cyn of a prryramn. This raise(I £4.165 incbthying a matclbfwKled ¥j Gift Our Oswey Fur¥J Appeal, vtth has been rmnirs kn the past ttrree ye. rexh8d ts t¥gd of £25,INXI durirrj t fi1 year. This has rKh¥ been clos8J. rat• Su We are vwy gralaful lo the tSinesS w#J ttt u$ duriThJ 2024V25. We ¢urwlty Voryk with 75 Ial WKI ltieS. w(withThJ us vlith varfed typès dfinancial support * wel as pirrfJ c¥ry our 1$$1( to a wder autence. These include grant-miThJ lleS, large coratiOns, Irxal rthrKits'es. academic insliluti(Th, smdl tAtsinesges. lo¢al ¢tsrrn¥ty groups. During Ihg year wfr wek(Mned E4thwts. CME Je•. abj WhtfrAvay FIre es Corpal0 supporters. and mom¢xlal fun(1 Legacies nmtyial fundir#J are of hLbJe Val lo Trust in FYowdirwJ sthlartial irKoTh which allows investmert in the grh and dev811 ofts ch¥ity ils . In thè year end 31 March 2025. t Tn1 receSved leg&y incc¥ne of £306.438. We ar¢ extremety grateftrf fcff the gerwosty irf5terS wtrK) rememb8r the Trust in tsir i115. partrula in the last year the late Mr Harold Keith Braid, Mr Pwl BUxt, Ms Jemifer Ccd. Mrs Mene Crockw. Mr Jotrn Ajbert Leslie Hunt, Mr Mich Geofftey Naisbitt. Mrs Doreen Jessle Machin. Mr Leslie Rcad Merril¢ Rhona Millson. Mrs Patricia Jane me. Mrs Smagh Muller. Mr J(*m Wlliam Small. We we also grateful lo Ved a (rf {k)nal frc•n friends famity in mem¢xy of hwed ¢)rw. In Ihe year 31 M¥ch 2tr25 we received £2.5 in swh Legacies a1 In Merniarn donatio makea trenKm (liffereet0 anwnl of conservation woth lh8 Tn6t is able lo &hievè. 12
LEJCESTERSHIREAND RUTLANDWILDLFETRUST UMITED (A ¢omp•ry Ilmll•d ty F(tho ondad 31 Mar¢h 2025 Stratsg1¢ Repwt Icontlrnwd) Su Lelc6stsrshlr• and Rutland WlldlfoTrust-the rol• of volw The Tntsl relies on the SLfV)rt loyalty of w ments$. cffl tkE dedtaled woth of Lccal Groups that [de gded walks. 18CtLres Ls, furKkaistng events ltrghlyjI the year. and on more than 730 volunteers wFb) we 1nvdV in virtuaty wery asW of T1,$ The finaThJal $tstemgnls of Trust trwLsl1Or. in partrular dctslion$ arbj similar contributr&. but the value of th8 time arrtl efforts of ed$ of unpad volunleers SUPFYt the work of the Tr1 1$ not qntffied. The Trusfs vclwrteers we actwe in rwrtrous areas of the Trt'S work. TW provide major assistancq irtludir@ in aroas $u¢h a8 consep1all rKk, ildIe mont11r9 recordirg, retail activities, adminislraion. ld-raISir0, community awareness aTrJ eThJagement, yoAh imidvement, governance. aThJ financial and tecthical advice and help. ktNitie5 swh as Rutlaryl Osprey Project wwld not be possible wlh(xrt the krge of volurleer I¥$ In all, we estirrole almost 24,0(Kl vc4unteer hrS across the vthdeof Ihe TrLsI's wck were given trirg the year. spread across various &egLvles of vital vk. details are giv8n in the seclions above. As SFecified ty the Chi(ies SORP {FRS 102). monetary value i5 Wt such conlritwtiorE, varigd as they are. rw ¢)8s the Tntst feel it is [11 or FYoknve to do so. Hcwever, ts shw scale of voYunle8fs' input IS clew. It ks therefore approwiate thatlhis help1sfcffma1 ¥Mlgratituts exwessa. ftr what ourv(Aunlgers help the Trust lo achi8v& The part F4ayed by vcknteeJs rwns 8 ethanl of Trt'S work, and wilhoL such grass-roots activity. the continuiThJ SLKcess ol Trust w0j be possible. Flnanclal revlew & Overall res¢5 for lh• y Thè C011d818d StateTh cl Fin481 f(Y thè Trust arwj its Sthldi. Leester$Ire Vlildlife (Sa18sI Llmlted, I1Jether conslitLling GroLP"I sh(thE a not Ie8$¢ infhS fty Iheyear of £868.194 {2024: decrease in fuThJs £410.455) after revaluation of inveslmenls, tc&l reserves of £5.857.346 12024.. £4.989,152}. Included within the rt irtrease cl fuNJs fcf the yew is the amcL¥M of £534,1x(2o24. £0) beiro the valuatlon of ld gffl (K left as a1o3W to Icrn) (Y ext nLre reserves inVoed m cashfi(h (s8e mte 15). The Trust's c(xe irtcme, otthr ifja memtEtship sthcriFlicYts. (kmatKTh IwJ8ryes. alkvts the Trust lo continue its central wort of maintsiThr¥J eXFOling ils natwe r&erves and carryiro its educational 8n¢J advocacy ¥wrk. Other sourca8 of fLWKliry ePed the year in the main 8pplied lo spe¢ific y4.ts, gewaliro nwtchiv¥J expetxlilure. The results for the year shrm wcess d in¢crfne tyer eXlture before tax. transfws behyeen fvrth, and variws gans aThJ Icsses on unrestricted fvrxys. irr11rvj desKJnated ftKl5, of £297.245 (2024.. deficil £380,329}. Most areaE of unr851iicted income Sa+V sunifKant Inwement in the year. Legxies inLYeased by £220.945 and membership ir¢om& including glt aid rose by 7%. I>tS more than ¢JutAed in¥&1ml iome aided by a £47.099 gain on di$pc6al of an investr1 WOFwty. In total estrted ir[ne was 3WA hKJher than the icff y. Unrestrided eXp¥Y11te fell £219.8 in e(ryarIS v4ilh 2023124 lar9ety because of thè pn"c year exceplional pension Gosl £257,(W. P&ttry as a resdt ofthe rethKed c¢%1 iMA a&0 to lryNer costs of generatiry funds, r prcwti(m of overal eXptUre spent (m chwlaile imw(ved frlyn 72% in the ryior yew to 85% in 2024125. The consolidated bal¥e SW at the yewoTrJ continues lo shchv Gr¢YJP in a strorNJ asset position. Cash baances. which hwe irK¥eased, ¥bil allcrw the GrLXP lo con11rn to invest in n8w wqects and tIneSS d8vdopm&rt. •KI will provide Ihe letirre J¢d to lo genwate in¢reases in unrestricted income 13
LEICESTERSfrIREAND RUTLANDWILDLFETRUST LIMITED {A ¢(¥ry> Ilmlt•d by Trustem. rep1 I1dI Forth? yew end•d 31 March 2025 stream5 1r¥j from t5 e&ler irvtrn1. The finla1 rewves of Gro we discussed wirripal actNity thèV4thc4ty<•M1 sthithay. Lerestwshre Wldife ISal85) Lirrrited, is natwe ¢wtswvation contr&ts ildlrfe consukncy. rdail watKrn. The subsidiary made erall prLtht year b81ce lax. crf £31,851 {SY24: £24,878). Of th&se wofits £29,281 (2024.. £19,882) has been set aside lo be given as lo the Trust. b. Flnanclal r•serws The chariti SORP IFRS102) raqures a ch•ity lo ste lyp8 of finlar re5eNes l TrK4ds. and to compare le4el of Itthe reS malcha5 LP to Iwel of reserves the trustees feel is apEYcf)riale gwen their plans fcK future adNifjes of Chari. Vltwe it fa15 sMYt. the trustees need lo explain what steps they are taknThJ lo rectify the situation. In this c(rtext th8 T1 vieK financial rervgs &s those hBld in Is unrestrted fuNts. In a(kJition lo the Ch¥itatAe kcwrwjated FLnJ. Il bale of which slood al £330.994 at the ye8r-efKI 12024.. £225,21. fvrther restrt are W ittr¥n the O&ignat•J Funds descrfbed in thg The Trle8$ establish the apprL¥)riate I1 d westrided re6aves above those alre drg4erKed for fulwe plans or krKywn lialilieS within ts Dty3nated Fd$> by lo ensLre that level of Ihe Trusfs 'free reseThes' maets a ¢M)s bertth•k related lo the I8t• expenditure for estrted aLaNities. The Tnslees define 'free resVes. as the unrestrrled net assds d Group, plus cash L¥ near<ash resetves and listod investments that C(Id tE sdd at shcfft notice held Vitrun Trusl D8veh)pment Fwd (see tlowl. The chosen benchm is a fvJLYe 4uivrt lo Icw bLhetgJ 8Ypen¢frture for Y ahead. This Ie1 11 continue lo be reeWed f(K adUY * rcthstness lo Tntst manlains quale finances to meet day-tothy cwairg cosls to wty•i( hethx•n ftr stock. dd(ys casfvlkhy fluCtuallTh. At 31 Mwch 2025. Tt'S 'free reserves. at £1.333.158 {2024: £646.9361, resullirwJ in a swplus of £712,576 {224. £61.9)4) CIJnpar ¥&ith cwrenl berth of £620,582 {2024.' £S95.0321. Oth8r have an impad cm finKial resfjples. a1 the Tn8tb stralegy for their M38M81 and mitigatic, e th$cussed in the Risk Managr section bel. Deslgnated fund5 Within ts total urTrststed ep18s. Tn6( as wtymtted by th8 Charities SORP {FRS 1021, has sd up number of designat fuTrJs as a of rinfk[S finala1 resaves lo meet antiC4pa costs or I'at4liles. TFwe irnlivith1 designated fuThJs we as Idk. HerilV Assets Oth8r fix8dAss8ls Tlis fvnd holds all the TriBt's resw¥e wev1¢5 thrwise 11 in th8 reSled fi91 reserves, together with other ffiX as$ds fcfmiTrJ integral pyt d the Tntst's operaliry r6yuirrts. Thg bthce on Hfjrite Fed As$ets Fwwjs si(xrfJ at £1.168.238 (2024.. £1.211.929). Trusl DeveloiI71ert Thfs fund comwis& assets wh may be us6Y to wovidg finla1 resoJrces Ivwards syoiects furthgring the Trl'S charitable otiects. tr key (yeration81 re4LWeM f¢x the Tfusfs long-16Ym develoFThnl. This could irclude lar¥J xquisiticffi fLY ftaIe reswv&; laThJ acquisttion lo all the Trusl lo carry txrt ils wo efle¢tivety: maintenance aTrJ enharKemwtt extirg natwe reserves: educabon Fyojects.. adv(Lacy vrt)rt,' operaiorol SUFVJ1. 14
LEICESTEK8HIREANDRirrLANDYIILDLFETRUST LIMrrEO IA c¢Mnpw Ilmlt•d lyj gwantw) Far Ihe yw •ndod 31 Mh 2025 This furKJ TMII be supplmnted over lirne by from thè Tnffjl's irNeslmenl wwti95. Incl fr¢Jn the Tntst's Investrnenl portfolio, ar¥J SWF4Lses frrAn thg TrLEt's uN&lrifAwJ operatiors to Ihe extent to whh the Trle8$ doom such transfws to be aFywriate. ha¥iry iaen irto accixnt the existirKJ operational ro4uirements d the Trust. The balance on Tr1 DevelcrAnent Fmj al theyear stcoj at £1.422.181 {2024'. £1,161,646) and 1$ madè up as fdltYWS'. 25 740,1 213,239 208,407 Investrnents 516 1,rN)1 fi65 Penslon Costs Fund Thi8 desKJn8led fuThJ 15 designed to meet fLknre costs asso(ialed 7Aryth the defin&J benefit stIOn of the Wildife Trusls pensi Schwno. As exF4alned in Tr)te 29 to fin1 stat8merts, the li&iffitI rdairvj to exh ccrfnpany In the Scheme b8 sèparately identified. Howe4er. in the OFirion of tl Trtee$ thredors of ix)th th8 Trust its subsidiary. Lei¢eslershre Wilthfe (Sales) Linite(I, oblvJation rdair¥J lo settlemenl of any lbiliti tributionS due in respect of the defined L1t $tIOn of Scheme. ill¥JIrlj those of tre subsid1y. ldeS with the parent Company. LeKeslff5hre and Rut1j Wildrfe Tr1. chwge relatir¥J to th8 subsidiary. and that ¢ompany's remnir¥j h"ability lo the Schem. ¥ethwefrffe #agrJaed with those ofthe Trust and induded in the Trust's &counts. The TrLBlees 111 aim to ensure that pens Cost$ tkgn8t•J Fj ccnlirKJ8 lo IK4d suifrient to ccwer 1 to 2 years. worth of fulLxe liilities in re$et d Lxth ccrfwies. At the year.tr1. the balwKe Pwlsic Costs Fj St1 al £21.157 (2024: 1). Fundralslng pollcy and wa¢tk• A signrfrant amount of the Trust's Irome comes fr(xn irnfivithals by way of membership reuuitment arKI the c(seqUent relF4 of sut6UiPtions. As part of IJS stratO3y. the Tntsl enge$ the SUVaS of Wildlife Fundraisiro Icenlra) Limed {WFCL"I, a comp8ry sd up by the Trust in coMmC with six otr Wildlife Tru3ts within the region. Both this ecrtpany and the TrL1 we regstered vnth the FundraisiwJ WVIal and adhere to the Fundr8isir¥J Ccth cl Prxthce. The Trt wcrfks ckety %Mth WFCL arnl receives rgJular r&txirts on the rfrnanCe of ils r[vite. The tstsiness strat8Jy in ¢kns not Fermit intrusive, persi518rt or wessunsed recruiting melhod& No comF4aints have ten receNed duri the cOue of the year by &tlw Trust WFCL in respect of recruitmert and f81S1r#J. 'Facevt0vfe. retment cwriwj cxrt by WFCL ffi bthaf d the Trust conued (kning the fin1 year a1 the Trust has continued lo (ve1) its thgila recruitment tlrwJh SLxial media and line cnnelS. 15
LEICESTERSFIREANDRLrrLANDMLDLFeTRUST UMITED (AP# Ilrrthd by Tnrflees. report (contlwgd) For the endqd 31 March 2025 d. Investment p¢rwors •nd pollcy The Trusfs InvestnrtS are Fwimwly mth iTr¥8Stm8rt FYCVWI. The Tru51 rby4¥ d5 2 (2024: 31 irmeslment wcwb'es. with a corrtiId Val of £420.0 12ff24.. £740.WOI. These conyise a port of the Trust¥ a[lU1&S trtilthrwJ 7knh is let to third-pwiy tnts. arby a lIdIng and related at Chornwc¥)J Lodge nure resfft vthich was t&hed to the Trust. CXh8Th4ise. thèTrustS oltrall Trarla1 reswvtr held in cash. reflethrvJ th8 Iwgh cas1flV r1entS oflhe organisation the ne•J to bè rèady to resFxxKI to wusiliM aTha eJement cVkKVtlt18$. Subiect to this general rt1p1&. the TnEt88s Contin lo revithv the need$ ol the sFOuf calegcffies d finanrAal r85erves described above with a view lo ensuring that the assets afk¢ated to th8m are managed lo their best thanlage, and lo sure Trust tolfil¥ll af rts chJi148 r4ects. •. Rlsk mwm•nt As an oncrfffJ exeTcBe. tho Cr1 exwmines th8 wirripa •eas of the Tnst's operallons duriThJ the year aTrJ consithrs the major ri%ks that may arise. In Ihe cf¥nion of the CTlI. th8 Trust has 8slablished pYocethJres aTKI systems th8( norma coNJi1. alkmv the rtsks 1dertifi by lo b8 milyjaled lo an a¢¢rf)table level in daY-ldaY operaticS As part crf Ils genera prct¢sses. t TTr1 Regi51w fc rthfjew by tho C(MJnciL The Regist idenlifies risks kn a rvjmbtsr of areas (lIrth contrd WlureS to manage and mitwJate thesè risks. We are cuwently rwiewir¥J esS lo ensLre better f<rus. a rw fomial arxl limetaEAe will bg adopled in 2024125. Fhjwever the risks LThJer ¢(1(allOn Vill as tJ8fore IrKIle.. FundibVJ 8rKI nOMiC naads- regr requireTnthts'. weful monllorlng (rf finarKial reserves: c105econlxtwith rawe crfkeyfurnjws: ongc4r¥J mgmtwship (rUItment campaTrgrns. {knernae arKJ marwemont- 9)d commuwal WKI fkyhf cl irforrnaion wth C¢11, staff arKI volunteers.. review ol policies aThl procedwes. Cwalional effectivews and pWforniae- mcriloriThJ w&Jressagairsl amual yrk plan aThJ Fivethyear tlevelwmenl Strategy,. effective Heth Saety guide11rS and proced9$. rotwsl IT syslm and bkL proce(Jres: staff and vdunlaer trwnirvJ devel¢pment: asset management. Financid syslems and¢trs-CaIaaW1 t(late financial r8FKAtirg'. close mormtoring of intem81 cc4)trols. Extemal relalic¥7ships and rce[li-lkneVWrt wobsites s(Kial metha.. ch)se ClaC1 and li8iS(¥l with key pwtners. c0mpliancewilhla•sa TegUlatK-J(in9 nKll1rnj revivwof Chge$. 1herce lo best aclice. Pension Scheme 11a.11ty-vJolr¥j nwit(xiTrJ dthe Sch v81uatKTh {seg not8 2910 the fin¢1 statements) to enswe •ual¢ is mth. As parl ofour woth Identifyirg ¥J n¥t•Jatirg risk. ikniro ihe yewthe Tntst embaTked a wde•ranging review of our IT systems infrastrt¢. lrJ lo irwJeaswJ Kwestment In s¢fiwe and eqiipment, an improvemw lo securily by movirKJ lo the tltyJd45ased Ncrcsdl 360 system. ard the apwintment of an IT Sukwrt company. Because of some c¢Jnplexkie5 in th8 wistir¥J IT sysiw6. tlis 11 ncl be ccrnwed an(rtr one lo two yearn, bul ejready hLye and posilNe char¥3es have twi troughl abwt. and intwnl Syste6. wocedures and eqimpment are now far betttr pl&ed to meet ifr1r0 to irfcffjiaticffi suTIty presented by the digital workl. where ch*ities are partiCY vulwat4e. In general, the widevrarolng G(wtrnae Reviffw (seo bglw}, stwled in 2024125 and ¢(Me in 2025126, has slrerglhened the exisliry slnxluf& wryIIMn the Trust lo safwjwd ev furtlw agwr61 risk and to Fryr delivery of Tt'S missiLm. 16
LEICESTERsHIREAMDRUTLANDLDLE TRiIST UMITED
(A ¢omp¥y Ilmh•d ty w¥•ftee)
For tl yw ended 31 PAarch 2025
Structur0 governanc• and managenwit
a. ConslFtutS¢n
LCestehre arKI Rutland Wllijile Trust w& fwKled in 1956 and is a rIStered charity Ino. 210531) and a
ccvnpany liniiwj by guarlee (Th). (1)561833}. It is a MemlSp aniSatIOn gover by its MemraThJum and
icles of AsS(lation. As at 31 March 2025. a total 0119.344 mertws supylfjd the Trust's Wk.
Th¢ Trust Is mana9ed by a C(wil d Trte8S ('the Ccwncif), electwj fr(Yn the mnbr$hip of th8 Trust, who
provide the overal dreL#ion for t devdopmenl cl the Trl The C{11, as govwniThJ bLty. has ultimate
responsibllity for the ¢¥erati( of Trust. Where aFpropriate. su1COmmitte exist to •Jvise the Council.
M•ihods of appolntm•nt or elecllon of Trut¢es
aFvJintmort of Trustees is gerrnd ty A$SlOn crf Tr[ indud& a wovbion for
the retirwnenl by roLition of third ofTrUs1 al each Amual General Maetiro. New Trust8& are appN)inted
lo cOmeMent and strengthen eyisling skilts C Col¥1 u to LYir¥J new &
LEICESTERSH1REAI RUTLANDMLOLFETRUST MED (A c(ry Ilmbt•d by wrnte•) Tnmtees. rem (corrtlNed) Forth• ended 31 March 2025 d. Govwnance r•vle A comprehertsfve reeW of the Trusls gerna commerKed in 202J24 aTrJ cortinved Ikjriryj the year. An extwnal a(fviscY was arbj aK$ re designed. reoted in test wacb'ce in the charity sec1. t#)th wlhln WlthrfeTrusts rrb3Vrrt arKI Dtlly. AcomrKthensiveTrustee rruitMent WO3ramme was sel in train, re$tIng in the appc1ntrrt of srK w Trustees * the N(Nemtor 2024 AGM. The prcKe&5 will be completed at Ihe 2025 AGM with thg a rw set (rf Pitides of Assttialion. updaled lo ensure the Tri1,$ genn9 thcunerl clearty twt Fwlice. Plans for fuluro wlods Ftr strer•Jlheni of Infrastrae. syslwis ar1 SUPPKYter rela1FohlpS gNes a stronger base vthKh lo undertake the many ayatirg Iqt in hand. Thè next financial year (2025126) v4ill see a wmber d key devebjpmtnts. Our ¢ornwehenspie of gernarte (sge y49} VAI be ¢c•npleted ty the 202S AGM. when memt¢rs will vote on a Set of ArtKles d Asscciatim. After agreat deal ofwk cffj Improving Lxf IT systems Ffcc•JLres, we e1Ved in Juty 2025 xcredlation for Jr ¢yber$ecurf(y wolcK(. h a(klilicw). Y have b8en ireas1j strer¥JtheniTrJ our staff team generally. and Wo CC119 lo target w(#1lIve inccthe $tr&m. w11carfY for unreslricled fuThJs. The f$1 Ftsse of ¢knme r&ntr(xJuclion in Losts t(K [le in JLTh 2025. ow work wlh th8 Leices18rshire Ruil¥¥J Dcm)m RttcNery Stwirg (kw). We fcTward to further re inlrojuclions. In our landscap8-scal8 natLKe recovrfy w. w i1waY in the HwtrA)rough rewldlng project wll be enlerir¥3 its rst development phase aThJ W Iesee a great deal of from knal armj national stakthjders 8nd ageIe$ in this key irltiative. Ar¥J we are alreaty prepwing f(cefetrMaticms in 2026. vknen the Tnst be markirg 70 years sSnce Its ttealion, So years of RutlarKI Waler Natwe R&eNe. 30 years of RUlJ Osweys. We we r4anring events and actrwities thT0hCrt thè year, Th)t jL(%t to toast ow wcfk in the pasi tKrt crlrialty 0 lo hkJhlkJhl how mLrh still ne to b8 drme. details V*ill be cIrcj tow¥ds erKI d 2025. 18
LEICE8TER8FIREANDRUTLANDMLDLFE TRUST LIMITED (A Comp Ilmlted Trustees. repwl [10 For the y• endèd 31 M¥¢h 2025 Statement of Trusto0s' rospIbIlIti0s The Trlee$ are also t1 (treclcffs of Il Tr1 ftr the pur[ of compary Iw•V) are responsiblg foT preparing th8Trustees' reFth arnj lh&fi1n¢laI slateffwts in a¢cOrd¢e with applicable law aThY United Kingdom Accounting SlWds (LknIt lfjrrfJ¢kJn Acc(xmtiNJ Practice). Company law reqLes ts Truste85 to Fyepgre statmwts for &ich financial . Unthr cnpanY law, the Trustees must nc4 apwove the fincIal sleTr Ilw are sattsfed that Ilw giv8 a true and fair view of the stale of affaws of the Gr(Kp the Tr1 arxl of their incunirg re50Lwces and a[l¢abon of resources, including their income exp&Mllture, thai VK#J. Irb wep¥iry Uwe financaal stalem8nls, th8 Tntstees are required lo.. seleet $table 8CCOLrting KJlicies y C(sistent1Y'. observe the melh(xls aThJ principles d the (wilies SORP IFRS 102).. makeju(h3ments and accou)tirKJ estimates thal are reasonabk and [dent. slate vth8th8r applicable UK£c(¥mtiNJ StaThJards (FRS 102} have been fdl¢y•ttI. subjectto any material detortures disc105ed arbj explained in the financial slatemenls: prye the finan¢ial $tatemwrts on the grAry coeMbaS1S txl8ss il is inaFvopriate to presume that the GroL¥J 4MII continue in business. The TrteeS are responsiblefu kwxng Jequateacccwnling Ihal are 5uffrienl to $lTh¥ and explain the Group and the Trust's trar6actions disc105ewith reasonat48 accuracy at any timethe finartia position of the Group and Tryt and 8nable ttrrfi to ensLwe that the financial StalenrtS comply wth the com1•S Act 2006. They are abo rgsponsiblg lor saUar1¥ assets cl the Gr(w a¥J th8 Tr1 and fcf Likir rea$ceble steps the prevwrtion and detection of frwj and other IrregarlIles. DIKlosw• of Inforniatlon to auditors Each of the perSfx wtK areT[tee5 at Ihe tr$ TnL8iees' rwt is approved has crmfirm•J that.. sofar as that Trust8eis Jware. ttrve is ro14)tajthI irfcrfm8tionof thiCh1he cht)le grou5 aU(litcS are unaware, and thal Trustee has taken all Ihe stythai cujht to have t taken as a Tmsteein order to b8 aware of Y relevant1 InfnatI( arKI toesl&lish charilth grw)¥ alIOrS are awwe of that informalicffl. Audit¢)rs In accOrdwe with tt Companies Act 2(M)6, a resdutirm pYoFK)sing the reTrappointMl of PKF Smith Cooper Audit Limited as Audit tyll be kxII lo the tsTs at I knal General Meeting. Approved by Lyder of the tr)bers ofthe Trustees arnl s3 on their behf by: MrsE A Tomllnson {Chair of Trustees) Date.. 19
LEICEsTERSFIREANDRitrLANDLDLFETRUST LWAITED (A ¢tynpwy limit•d by wxanl•e) Independ•# alIors. report 10t L¢l¢•stwsNr8 Ruuand wlldllfeTnt Llmlted Oplnlon We have the finala1 stalennts d Lereslwshre and Rlttla Wikjlfe Tntsl Limited {the 'parent charilat4e ¢¢)mpaw? and its sthBidiari8s (t .oup lor ts year ended 31 March 2025 whi¢h cOMpre the Ccfftsolidated statement of finwKial adNth'8s, the ccs011d8l8d baa sheet, the Trust balae sheet, the C¢xsolidated statement of cash fl(rws arKI the related TrXes. ir¢kJding a SUMM of shjnlficanl COuntir icies. financial rep(rj fram&YoTk that has teen applied in their pr8paration is aFable law 8nd United KiTrJdom Act¢yJnting Standards, incI1rj FinanGia ReFYtir¥J Standard 102 The Fina1 Reklr9 Standard applicable in the UK and R1¢ of Irrf (Urllted Generaly ePted kcwnling Practice). In ow oyThon It financlal stalan&s: ge a Inje a1 fair view of the state of the Grcw's and crf ihe pareni charlable crThpany's affairs as al 31 March 225 and of the GroLPS ineorrMryJ iesowce5 •KI Wwlbcation of ros(Kvces, irKluding its irLome and eX[j118 for the ye¥ then end. have been pr<Jperly in acctrd•Tr Mfjlh Ui¥ted Kirydrxn Generally AcceOed ¢tnI[j Practice., aThJ have been wepared in ryththe requrwnwts 2((6 and the Charities A Basls for oplnlon We ¢dterf thI in rAdarte Internatic StKlds cm AuthtiryJ (UK) {ISls {UKII and [dICaa law. Our TespMsitdlie8 ur¥Jw tP)se sl¥Klds e fwther dest¥it¢d in thg AJItOrs, respcmisiblities f(r the audit cl financlal staements seCtIL of repJL We are 1rKlepent of Group in ac¢cdance with the 8thal requireDnts that are rele¥t lo our a1 d the ffinla1 statements in Lkniled Kingdom, incIling the Financial R8Wrting CourKil¥ Eth81 StabJd. we have fLf1H our elhica resp(mslbit in aCccKde 1th these ru4i1rwn. We kIle that the ld0 wo have oLained is Sufflent and appTopriale to provide a basis Jr C¢)ndu$lons relatlng Io golng n auditiThJ the financia stslwmerts, we have ctrtlud&J that the Trustees. of the giiThJ cLvKwn basis of accountiThJ in the preparati( crf the financi is appry)riate. Based on the work we have pwtsmed, have tK)t jentIfi material LwKertainties relatiThJ to entS or conditio4 IhaL iV111y or Colltety. cast SKJIWf doubt on the GroLPS or parent charitable company's abibty to contiwe as a g(rwJ c(rt&n ILY a wicJ d at 31 tthe nk)nth$ fr¢xn when the financial sLgtements are aulhyisgJ for issue. OLY resp)nsibilties respcfflsit4i•es of ts Tn ryth re5kXt lo goiry cc*wn are d8s(X1 in the reievant sections of this r8fAIrt.
LEICESTERSHIREANDRUTLAKI WILDLFE TRUST LIMITED (A ¢ompwry Ilmltod by guarantw) Indèp&Mlenl auditors. rePt toth• Members ol Lel¢estarshlr• and Rutland Wildllfe Trust Umlt4d (conllnugd) Oth•r Inlormatlon other irrf(ffmation c<yryses the inffflna11c irthbj in the AM rew1 clher than th8 finanGral statentS 8NI Auilors' r8rth therer. The Trustees &e respMsible Ihe other infomiali(m contained within the Annual report. Our opinion cn fironcial sLements dcs rM)t cover otr InfmatIOn and. except lo the extent otherwse expliiilty slated in ow reptyL we 0) exFTess any form of assw¢0 COuSIon thereon. Our responsitmlity is lo read the otr informaticfft in doirwJ so. conslderwtrher the (rther information is materiaHy Inconsksta)t wih the finarKial statements tr crtr kib)wlgth3e otaIned in th8 course of aL•Jit. or otheThMse aFarS to be malerialy ffissted. tl isrtify $lh material ionSisten()eS or apwerrt material misstatements, we are required to detemiine this gv& rise to a material nisstatement in the fi'nancial statements then%elv&. W, bed on the have perfcmed. we ¢Cul that Ire is a material misststement of this ¢kn InfLYmakn. we we to reF¥Xt that 1. Wè have rhIng lo reF in trffjs re9¥d. Oplnlon on oth•r matt•rs pmcrlb•d by th• Compth Act21 In our opiniorL based the V•wk derten in 1C0se &KIt: the infC¥mat1 given in theTrustees' reF(¥t for the fin1 year fcf which the financial statanents are Preed is CL1$tent vith the financial stalemerts. the Trustees. reF4Jrt has en prepar in with ¥plicatrAe I8gal requirements. Matt•rs ¢)n wg we r•quirgd to rewt tyexc•ptlon In Ihe IVJM of knovAJge and thtsstanding of the chwrteknle compwLy and Is emllrcfftmt obtained in Ihe cours8 of the aLbJil. we have nrA i(kn1i material mIsstatents in the Trtee$. repwL We havo nothirwJ to reF4Yt in resrwt oftTrfolkAvlNJ mattws in rdi(m tovknich CM7105 2C requiras us to rert lo yw if, in opinion.. Ihg parent Charl10 Ccrfnpany has Tr)t kept &JeqLAte sufficierrt COtIrj records. or returns quate for cr audil have been received from brhe5 not visiled by us; r the parent ch8rilablec(rywy fina131 siementsare rM)t in 4reement with acccvrting records and retums: ( certaln disck)sures of Truste9s' remwwat1c ty l&¥ mad8,' (Y we have not ieceive(l all lnf¢ymalic explanath)n5 we require for cw a11. or the Tnstees wwe not lled to W8pare the firn¢la1 statennts in ¢dce with the smo11 crAnpanies reglme aThJ take advant4e of1 small exempticrt In weparirvj Ihg Trustees, rewt arKI from the requrement to prepwe a Strategic reF(rt. Re¥ponslbllltles of trusl•es As explained fLAty in the Trustees. statW7Wrt Tnsiees {vkno are also drectors crf ltr ¢haritsble ¢rAnp*ry for the wposes of ccffipany law) we r8sFYble for the preparation of the financial stat8menls and for beiry sa11sfi that they glve a true and f•r view. f(Y sh internal contrd as the Trlslees determine is rttessary to enatle the Weparatic of finala1 $talents wefree from materlal mtrAlatemenl, wwher due to tra1 LY error. In preparing the financia stat8m8nts. the Truslees &e res[X1tIe for assessirg Grcw's •KI the parent charitable Comy¥ ability lo CtInUe as a goiThJ fthsdosirg, as wlicabl8. mallws related lo goirYJ corLern and usirKJ the gong cCn basis of c(#tIng e$S the TrLAslees either inteThJ to Iqiidate the Group or the parent charitat4e company to ce (F4rati. w have rn) reatisllc 811emative Ixrt lo do so. 21
LEICESTERSHIREAND RUTLAND LDLFETRvST UMITED (Atompw IlThW by wart••) Independent audltors. r4)ort tothe IAemkn of LelceslersNr• •nd Wlldllf•Trusl Umlt (continued) Audltors. r•sponslblllll•sfor th MHt ol th• finamal slal•Mnts Our objectives we to (l)tain reaS(th aSSwa th8 finwKial stalemenls as a whole are fre8 frorn material nIsstaemw. whether to frwj or errc. to issue Audi1$, rewrt Ihat IlUCS our OnIc. Reasrmable assurwKe i8 a h'gh le4el d assw¥£e. but is not a guaraNee that an audil conduclefl in aCcde wlh ISAS {UK) wil alwtys detect a material mtsstatement it 8xists. Msstalements can arise frL¥n traJd or error are c(msidergJ mrial rf. irKINidualty ty in rjale. they could reas(mably bg exp8CtgJ to inllUwe the ecorxJ7NC decIsILS of usws taken basis cl these finalat slalem8nts. Irwularies. iUdIr#j fraKI. are irtses of %YTth la aTrJ regulati. We d8svJn edUreS in Ine with r reSpsItl111e5, OLrtlined thie, to delect mataiai mtsststements in TesFe¢t of [egularities. including tra1. The ffAtent lo W1Ch WLxethres e capable of detectiry irregulari, induding frawj is d&ailed telow: Bas&J rAJr (rfthe chwitale company the in(ktsty. 74ve idenlrfied the key law5 * regulations affe¢ting the ch¥itable CoMpY to Inclu( CoMplice wih the Charities Ad 2011 aTrY Chority Comrrission re9alIlS. We idtified that the Pr1r1pal risk rffra¥J tyth lMs a¥J regat1cr related to.. rnanaJement ovwridg of contrd. FOStlThJ of urwual Irnal$ trwtsx11cs. We fLKussed on t18 weas COLld give rtse to a malerial ntsstatemwl In Grcw fironaal slaleTrents. r irKI. txrt wwe 1 limited to: eNulry of management and those Charged qlh governa around &lual ti I[t9ic ¢laims, lrtlLbJirvJ Instar¢S of Iws re9011C and frwA.. reviewnJ18Jal exFaidrtuM in yew to +dently instKes of rw)nrycThwliae tAh lavts and regulation5 and frajd: revieMr¥J fir&wl01 statem8nt thsdosw aThJ testirg to swwtirKJ th¢eallOn io aSS compli86 with applicable laws aTrJ regulat6. perf¢)Tming audit wryk oier risk d ment ovwrits d cclrtrols, irLludirnJ testing d journal entries and crther ajuslments for apFfcyiat8ness. evduatirg trMsirss rabonale of strJnlftant trartsaction$ ¢xrtside the ncrfmal ccwse cl IxBiness reviwiry Cntir estimates for bias. It the wimtry resE$lty cl m. vith the Ie Chary wllh governance. to erfjure th the enlty¥ opwations we cThKknled in V•ilh d laws and rwjulations and for the evention a1 detec1k c4 frKI. Because of the inherent limrLions cl an wlit. tlwe 15 a risk that we will not detect am irrUlarities. Iuding lthe leadiNJ to a materia misstatement in the fin131 staterrts (r rKJn.cLynKAie with regulat"efi. Thi8 risk increas& the more that compliare th a law or re9aticfft is rerned from the events transactions refflecled in the financial statements. ag we ill be I¥ Iety to twcrfne aware of ir6lareS of non(omplie. The risk is also greater regardiryj Irregul*iti& sXtuThir¥J due to fraud rather Ih¥b as ffwd Invoe$ intentlonal Goncealmenl, fgery. cd1usk. ffili$$ cy n¥srvesJkntiL. A further descri01.on of wr respclial• f¢Y of t1 firlar stalerw4s 6 1(t8led (m the Fina181 Rew1iTrJ c(11¥ bSte at.. YrtW4.frC. .laLKlcThes ItltieS. d8s(fiplion fonrts part 0[r ldItors.
LEICESTERSHIRE AND RUTLANDWILDLFETRUST UMITED (Actynpary Ilmi¢¢d by guw•rtee) Indowthnt audltor$' f•PtOthe of L¢iustwshlre and R1&1 Wllthlfe Trust Umlt Icontinwd) U80 of ow rgport Th$ rewt is made to ch¥ilth c(Yry>Y.S trustees, as a body, in Vd¢9 with Ch¥Jter 3 of Part 16 of the Cijmpanies Act 2LY6, and lo the charl Comp,9 trustees. a5 a bcmty, Part 4 of the Charities IAccounl$ and ReFXtsl Rojulations 2(K)8. OLf wjrt V•Drk has teen urmjertaken so that we mpyhl state to the charitable company¥ trleeS th(6e matters we requir1 lo sLe to th in an AtOrS, report and for other purpose. To the fullest extent Fe¥mitt•J ty Iw. v <10 rnt &cept or assume r&SIbilty lo anyone other than the charitable ¢cthpany and its menknrs, as a LKty. IC ow *Jdrt wth. thi& rep1, or for the opiniong we have formed. f(LS SrfL ILJit Sarah Flear ISenl¢r statuw audilor for on behalf of PKF Smith Coop•r Audlt Umlted Statutory Auditors 2 Lace Market Square Nottingham NG11P8 Dale.. 41io125
LEICESTERSHIREAND RUTLANDMLDLFETRUST UIATED (AP lknlted by laee> Conwlldated Stwnert of lInClaI actlvltlos qIK<Yp(Ylry Income and •xwKliture account) For th• yew •nd•d 31 M¥¢h 21n5 R•strict8d Umstrict•d nds Tc ld& 2025 2024 Income from: DationS arKI18gaci85 Clwritable &tivities Oiher trading xlivities Investrnenls 591175 1,22Q729 162.370 125,202 135,545 1.812.904 829.277 125,202 14545 1.086.212 711,763 73, Total Incom• 1.259,082 1.643.846 I1928 1.970,5X) Exp•ndltur• on: RaisiTrJ funth.. Cost of gerab'r¥j mwnbers subscripticS I voluntwy incc Cost cl gctJs sdd al ¢kn ¢ts Investment rnargement fees Charitat4e xtivities Exceptiona it 364.029 3&752 4,470 1, 712,826 257,IXIJ X35S 5.992 1,1YJ4562 23,735 5,992 1,766,463 730,X11 Total expWl1e 730.901 1.34Q601 107T.502 2,37&077 Not Incom•ll•xp•ndltw•l lJ•for• n 110s8)IgaInS on inv•stm•nts Net l10ssesllgains C investrnents Net In¢om•l(oxp•ndlturel bdor• taxatlon Taxation 528.181 825.426 (404,527) 2, 741 1298) S28,181 296,947 825,128 (401,786) 14 N•t Incom¢l{expondlture) aft•r taxation TrSfer9 t*lJ¥ewb fvnd5 N•¢ movem¢nt In fd$ b•for• other rec¢gnlsed galnslllosses) ¢arrl¢d forward 528.181 (1675) 825,128 (4LX).720J 24 3.675 524,506 3rMI.622 825.128 (4,720) 24
LEICESTERSHIREAND RUTLANDWILDLFETRUST UMITED IA c¢Mnpffj Iln¥ted by guw•nto•l Consolldated Statemwrt of flnartlal arlvltb•s IDcom• wd expndlture account) {contInu For th• endod 31 Ilwch 2025 R•strict•d Unre$¢1•d fund¥ nds Total funds 2025 Total 2024 Nole Net movement in funds belore oth•r recognised gains1llosSI brougm forward 825,128 (4, 720) Olh•r r•cowls•d galnsl{10ss•s): (Lossesllgains revalualion crffixed assets Actuarial g•nsl{h)ssesl on defirnd benefit pensi( schemes Movement in deregtiOn ddefin benefil pensi asset 130,3M) (30.3W) 21,733 21.733 f24431) 51,633 51.633 (5,264) N•1 mov¢m•nt In funds 868.194 (410.455) RenlIatIOn of funds: Total funds brought f(Kwwd Nel nThiement in fiNxls I.287 1598.865 4,989.152 868.194 &399,607 (410,455) Total fvThls urrl•d fmiwd Z914.793 2.941553 5.8S7.346 4.989, 152 The Cortsolidated statement ol fir01 xtivitie5 Ir1th dl gairts Ise$ rwrdsed in the year. The rKJle$ on pages 31 to 65 fm tArt d Ilw finala1 SL*s. 25
LEICESTERSHIREAMDRUTLANDWILDLFETRLIST LIMITED (A company Ilmltad by guarantee) R•gist•red nwnb¢r: (W61833 As * 31 IAarch 2025 2024 Flx•d as8•ts TangltAe assels Investments Investment prcFwty 15 17 16 1714707 516 1219,848 213,239 740,LI 4135,223 4. 173,087 Cwr•nt ass•ts Stocks 18 19 129 4W533 1.81)0.522 23&172 1,1a Cash at bank in h*NJ 121S184 1.361.740 Current Ilabllltlas Credittrs". arn1$ falliThJ (knv4itlNn L 12x162) (562) Net currert ass¢t$ 1,917,022 1.098. 178 Total assèts lèss curr•nt Ilablllt 052.245 5.271.265 Creditors: falling dueafter rrKre than year Provision fw liablli118s 21 11Q813) (25, 113) (257,0() Net ass•ls •xcludlng p•nslon Nablllty Defined benefit Ferksicffi scheme liatrAIty 6,OA432 4.989, 152 1178.086} Total n•t us•ts $857.346 4,989, 152 Charlty funds Restricted ldS Umestricted funds 24 1914793 2,3.28T D8signaled funds Accumulated charitable ftThJ$ 24 24 1590.419 330.977 2,373,575 2a290 Unrestricted exc1lIng FW6i( reserve Pension reserve 24 24 I.396 21,151 2.598,865 Totsl reStriCted knds 24 1941553 259&865 Tot•1 funds &857.346 4.989, 152 Pe 26
LEICESTERSHIREAND RUTLANDWILDLFETRUST UMITED {A company Ilmlted by guarantw) gistered nnber. 00561833 C•)nsolldat•d bknK• sheet {cOntInd) As at 31 March 2025 The Trust was ertill to exempli(x) tr( ath51 urnler srfliM477 of comp105 kt 2Cth. The memtws have rvJt reqimred the artity to LAain the year in questic in accordae vthh section 476 of the Conwios kt 20. However. autht is required in V•ith sectKm 151 Charlties Acl 2011. The Trustees t1r resp(miLililies f(ff 1th tl rurementS d th8 Act with res1 to ¢wntlNJ rdS and Fffyaion of fin181 statrts. The financial statements have [ffer1 in ith the wovi$ic¥ts 4JplicatAe to entities subje¢l lo smdl companies regime. The financi slatemerts V4weaptKov•d aThJ artlbxi$gJ fN Is$ by th8 Trust8es and signed on their beh01f by: Mrs E A Tomlinson (Chair of Trustees De'. J i The ncrtes on pages 3110 65 fom d1hesefinvlel statem8rts. Paje 27
LEicesTERSHIREANDRUTLANDWILDLFE TRUST UMITED (Acompany Ilmlt•d ty guarante•) R•gist•rod numbgr: IJO561833 As at 31 IAarch2025 2025 2024 Fixod assols Tarvjitle assets Inveslmenls Investment FW(Wty 15 17 16 3,668.318 616 420.000 1167.216 213.339 740.OCKI 40W934 4. 720.555 Current assets Debtors Cash al ba{ and in harKI 19 2.372 979,593 1.629.744 IfA8,008 1.269,965 Curr•n¢ Ilabllltles Creditors.. amCrts f811ing kn ithin o year (14.311 (132299) N•t wrr•nt as¥els 1.947.697 1. 137.666 Total asgets hss curr•nt Ilablllths 6.036.631 &258,221 Creditus.. 8nM)unls falirnj ¢kn ater rrwe tn ono ye Provisions for abIlIties 21 {1Q813) (25, 713) {257.OOOJ Defird benefit perts1( scheme li&ility (174016) Totsl not •ss•ts 4841,732 4,976, 108 Charlty funds Restricted furK unrestrict furKIs 24 1914793 I3,287 Oesignated fuTrJs Pension reserve Z373.575 21.151 24 24 24 Deslgnated funds Urffestricled fLnJs 1611,516 315,363 2373.575 212246 Total unreslri¢led 24 1926.939 2,585.821 Total funds &841.732 4,976. 108 Page 28
LEICESTERSHIREA14D RUTLANDWILDLFETRUST UMITED (A company Umlted by guarant•o) RegIored nnb. 110561833 Tnrnl tsa1 sho•1 (continu As at 31 Mwch 2025 Trust was entiued to frcm un(kn Secti 477 dtheCompav¥gs Acl 2(1%. The members have not required tte entity to clts"n wlit fLY th& In question in acccfdance with s¥lion 476 of the Ccthparies kl 20(*. Hry4¥e¥er. is reqiural in sectth 151 d the Charit5 Acl 2011. The Trustees aCkrthedg8 their reSsIbilItieS for Com1rj with r4reMentS of Act Vdilh resrxt to counting re¢d$ aThJ weparatiim statements. The fina181 statements have been wepared In wilh the FY0visi( aFplicable to entities subject lo Ihe smal companies regime. The financial statements wwe athorise4J fty IS Truste85 sig on I11r tehalf by: Irs E A Tornlinson (Chalr of Trustees) Date: 2L/?/o notes on pages 31 to 65fcm pwt of#erinla1 6ts1ements. PwJe29
LEICESTERSHIREAMDRUTLANDWILDLFETRUST LIMITED IA c(xwry Ilftlt by Smwanteel Cthwlida¢•d s•M9rt01Cash fl(r*$ For the ended 31 IAar¢h 2025 2024 Cash flows from op•ratlng aclfvltles Net cash used in operaling activities ItM)te 26) 101.073 (126,034) Cash flows from Investlry actlvttl•s Dividgnds. inleresls 8nd rents from investnwts Prcc8eds from Ihg sale oftsroibl& fixed assets Purchase of tangitAe fixed assets Prtreeds from sale of invgslmenls Purchase of inveslmenl$ Prc¢edds frixn the sale of lestrrth WWies 93,066 9.364 (30,976) 42,479 (54,646) 18,988 {81,015) 245,199 (32.T14 337,1)99 N•t Cash wovlded ty InwstlNJ è¢tlvltl•s 5,943 $9,287 Chang• In cash WKI c•Bh •qulvkn Inth• y Cash ef¥J cash eqiivalenls 01 the t¢giwMro ofthe 677,016 1,123.506 166.7471 1. 190.253 Cash and cash •qulvalents at th• •nd of th• y•3r (not• 2n 1.800,522 1. 123,SJ6 Tts rb)tes (ffi P&3es 31106sfffl p¥i dthesefinwxial staterw Page 30
LEICESTERSHIREAND RufLANDWILDLFETRUST UMITED IA Ilmlted ty For thoyo¥ orthd 31 M¥¢h 2025 G•n•ral Informall¢>n Leiceslashre RutlaNI Wiklfe Trust Llryiled is •) Ir(WaIed clwity and a registered charity in England and Wales. Lknited Kirod(xn. The company charity registration numt¢rs and the a(Idress of th8 r83i5tered office can te f&nJ in the Refererce aThl AdmiThstralNe Delals page of these ffinancial staterW$. Th8 Trust is a comp8ny fimited bj glwartee a¥J &s sh has rn isswl share capi¢a. The Trust WC for the proteL(m hCernrt of W1fe a1 vAd plac& in Lel¢eslershlr8 and Rutland. The Tn1 is dedicated lo securiro a tKJsitvie ILrture for ¥Adife as wel a5 impr¢Nlng people's understaTrJir¥J. apweciation wlldlfe. Accounting polid Z1 Basls d prepwation of fin•nclal statwn•nts The finarKaal stateme5 have been Fryed in ¢d V•ith Charilias SORP IFRS 1021- LcountirvJ and Repxtiry by Charities.. Stemenl d Recommended PraCte apICable lo charitias preparirvJ their &Cnts in acccthe fjlh FlnarKial Rwting StaThJard ¥plicable in the UK and Republic c4 Ireland IFRS 1021 {effectNe 1 Jarw 2019}. Ihe FinarKial R8FQrting Standard applicable in the UK aTrJ RWic crf Ireknd IFRS 102) Ihe Compwwes Aet 20CI%. Lestershire and Rutlar¥J Wlthfe TrLL8t Linmted meets t1 definition cl a PLtsl¢ benefit entity undèr FRS 102. Assets and liabilli8s are iThlialty rwrNSed * hislorical cost or trans&lion value unless otherwise ststed in the relevant FK4icy. Grw fmancial slat8rnents Th8se finala1 Statements ¢rMrWe re5ts of the LeKgstershYe and Rular¥J Wibjlife Trwql Limited and its subsidiary. Ctsldated on a h'rE-bykn basis. AJI the fin1 staements are made up to 31 March 2U2S. All intra4JfoLV trar6x1wy. balwKes aTrJ uyealised gains cffj trsa¢bonS with th8 subsKliary we eliminatd cm conscAidation. unredI5 low are abo diminaled urless the transaction provid8s evidence of an imparmenl of assel trferred. Thg Trusl's Statemtt ofF1n8rti Activities As permitted ty Sadi 408 of the Crynparmes lt 2(. the Tr1 has nc4 presented its CAn Sto18nwnt ol Financial ActiMts"es & it prepxaj w) XCfAmts tt Tntst's inthvidual balw)cesheet stsxvs the Trust's nei movement d furnts in the fi9nCl8l year. In aLxordanGe with FRS 101 ts Tntst has laen thrtage of Ihe exemplms from the fdl(PYi thsclosure reqrementS. secti1 7 'Slal8ment c< Cash Flows.. estati d a Sten>t Cash Row re18ted Thes and disclaswes for the Tntst. Soction 33, Related Pwty Discthwes.. c(ryWsali ltrkey monagemenlpersonnd. Tl financial st*ments are tYepwgJ in sterlr¥J, 15 the fUtal ¢TencY d the charty, and are roLWKled to Ihe rest £1. The follwryng wirtipal XInrj wAicies have teen awlieil". Ptye 31
LEICESTERSTrIREANORUTLANDWILDLFETRUST UMITED (Ac(4wry Ilnthed ty bmwantee) For Ihè year •nded 31 March 2025 A¢¢thIng pdld•s {contlrM 12 Golng ¢onc•rn The Gr(P ¢¢InUeS lo IMFIe its Stratw lo 2030: 8rirging NatLre Bk in a slnable way. The inwementatton d the strategy wll fd(yw a limelaAe kee the need for finKial resilien¢e firmly in rnirJ. The Trust contlNes to hwrfe ¢h aKI the Trustees have the GrP.S luture plans for the next two fincIal years. delaled in cw&ervalNe forecasts of actNity and welate(l eash-flow imFh8ets. Bas this availat4e cash raserve5. Tntslees cortsider the TrLtsI has adequate funds and sUle cash14 to meet ils lillltles arKI those of its subsldlary undertaking. as faN due for at 1 12 m¢rt% fr(xn the date of approval cl Ihe finlat slatem8nts. The TrLolees &so considw that Trt'S anlicipated futwe objectives can be met. The financia stalemwts theref(Me teen a goir¥J corwn basis. 13 Incu All inccrfne 1$ reco3nised (we Ihe Tntst has &rtIlle lo the irrc. il 15 tsl the inc(xne will be re¢eiYgd &¥J the reC9vab can be measwed reliaNy. Vc4untsry ilIne. IrrIrIrj nwnknrsLtscriFlicKts and loges. are rectsJrised wh8ro tlwe is entitlement. {dl11ty of rwi. arml the arTh)unt can bemeaswed rdiably. Donatlcw of 18TrJ or other assets at fair value at dae of receipt. Any193acy enti(lemenl is tthen as the ller th. the thle on Trust is aware that pr¢A)ale has been grted. the estsle has teen finaised and ncrtifKiffi has be mJe by the oxecutorls) totr Trusl ltst a will be rw.' a th"strIbAl( is receNBd from the eslale. Relpt of a legacy. in whde in parL 15 ¢<1dered wthable when amount can b8 measured reli4y the Trust be rKrtified rl exec.$ intenlh)n to make a dtstribulion. Where a has been notified tothe Trust<¥ aware oflhe granting tsjl the critwia for inccmne recc9nitty hwe rt be nEI. then that legY is treated as a contirygnt &5sei a)d cIos8d if m8terial. Grants ar8 included in Statement of finaKia &tNitigs on a receNable basls. bance of irce receTried fc SFrfifr wrpw Ixrt exp during the pericrtJ is shown in thg relevant fur$ on Balance sheel. Where 6 Te1ved in tharre of tlement cl receipt, its recogn[tic is deferred arKI in Cre{t as deferr1 iorne. Where erbliljemenl 0Ul$ before incryne is rVeI. income is ed. Rental lrtome on assets leased oall) le k% rwnlsthl rm a Stralgm4F basis 04er lease term. Investmenl I(¥e is recryJr¥s&l on a weivat4e basis. Inccffle thr[ fr(n charitatle ac*Nitits is rjed lh8 Tntst i%1gg8ly entiw to income and the amwnl be measLKed reliatly. Pe 32
LEICESTERSHIREAND RUTLANDWILDLFETRUST UMITED {A ¢OMp Ilmited by gu•rrto•1 Notes to the Ilnrtlal strtemenls F¢r the yw •nd•d 31 March 2025 Accounllng polld•s {contlrMw Z4 Exp•ndltur• ExFerKliture is reccgnBed orte there is a leJal cr Cixtrtive lo transfer eCon0C brit to a third party, it B rrobable that atransfer of ecorrf)mic benefrts wll be required in setllement atKI the arnLnt of the ob1valK can be measur&J reliably. EXr11ture 15 dassified under charitable &tNity rattrr th th8 typ8 Lrf ex In cder to eful IrMatiOn to er$ of the financial statwnents. ExperKlilure ratsing ffts iludeS al eXd[tire incured by It &oup to raise fiJr¥Js its charilable purposes aThl includ85 c1$ of all fundraising xtivities events and non&dwltable tradirJ. Exp8n(fture cn chwrtth C<Ve trAh (Jrect exwThthture, 1rnslI dired staff CL%ts tributable to the tty. supwl ¢c6ts. Where ccsts Thnot be dlrectty attributed to particular h1J5 Ilw have been aated to xtivities on a basis consistent with w of the re50ur¢es. 4PW)rt governance cosls wli¢h ¢am)t attribute(I to a spedfk actswty have b8en SF4ii r(&ss the cost categories C the same FW¢a)twJe as staff costs inCred. l expenthtwe is irt11Ve of Irrecover7th VAT. IS Gowrnm•nt want$ Gerr4nt grants rdatiryJ to assets are treated as defeed income and releas to the Consdidated stalement of fina131 thlies the completion of the rdevant wrformance related coThJItir. Other grants that e sL)jeL to perf(ymanCe1ated conditions ae credited lo the cons1 statement offinayial actwities as the granl wrxeeds are receNed. (>ants recewed ior lo Iho reVee reCOglOn criteria beiro satisfied are recognised as a Ilablllty. 16 Taxatlon Trust is cortsidered to pass the tests set tx# in Paragraph 1 Schedule 6 of the Finance Act 2010 therefLYe it meots the definiti¢ (rf a chwl&)le cCrfn f(r UK corpyation lax wrtrf)ses. Accordirgfy. the Tn¢ is wAentlY exempl frlyn tsxabw in respecl of irrtyne or caFMtal gains recewed thin categoies covwed by Chapter 3 P•t 11 of ts CorpLration Tax Act 2010 or Section 256 of the Taxation of Chargeable GaIr Ad 1992, to the exlenl that $u¢h irLLTh or gain5 are appli&J excINe to charitatrfe wrwjses. non4haritable sth(thary V4ill be to Cwation Tal on any g¥t aided lo the CharItle parent. Z7 Tanglblo f•d assets and d•w•w•t TarwJitle fr<8d assas cc6tirg £5.(W r/ nve are capitalised retogni8ed then fthure ecorK)mic tnefits are wobable and the cost0rv of Il assetca) be naSured reliab. All Otherexnd11Ure is charg8d lo the SOFA in the year irwrred. Tawit4e fwed assets e iThtialy at ¢(Bt. Aftw reco3Iwb urKler the co* mo(kl. tsnglble fixed assets we measwed at cost less a¢xunulataJ deprecialion arKI any accumulated impairment k6ses. AJI costs irrwred to briryj a laryitje fc<ed asset into b1s intended workin9 condition should te included in the measwemwtt of cost. Pwje 33
LEICEST69SHIREAND RLITLANDWILDLFETRUST LIIAITED IA Ilmlt•d by guarantee) Not•s to the fln•ncl81 statomonts For1 ye¥ end•d 31 March 2025 Accountlng P18$ (contlrMAd) 17 Twrylbh fIX ass•t$ •KI dy•datlon {contlrn Depreciatic chary&J so & lo alke tr¢ ¢051 d l¥rfJit4e assets, less their residual valu8. over th8ir eslimal&J usehA lives. DeprlatIon is wovlded fdl(th1j tjases". Fr8th1d I113$ Lea5thId buildirgs H8ritsge 8ssels Motor vehicles Fixtures alfIll1r3S Ccrfnputer equIpr1 Tools - )YearS .25y .5y .5y .Sy&¥s -Syews Herit4e assets represent nalure rese$ kK¥rfc4io of the Tntsl are caylah'sed at cc61 at the date of additic. Heritrye assets are dweeialed as fb3ure relates lo land makirKJ up the TrLSt nature r8serves. Where buildiTrJs Trxur on IlThe reseryes, tt TrLtstees consider the amount ignificant aTrJ dywalion be inmnaterid. The Trust mainlairs ts assets in with Its charitatle oty'8cts aThJ stated Develotrnl Strategy. The IbvaslcK is at its axistiryj w vaue ty Trustees. RerfaIuaticS are shthvn as otlr re¢¢gntsed gains aThJ losses witlin the SOFA Livestk is ed in management of the nature Imparment The assds. residual vaues. Ivies deweciation methcJs are reviewed, and adlusted if appropriate, (Y rf there is inthcaIrc of a srgn1fr1 change si8 the 1851 rewyting Sh)rtfalls ttween the cwryiThJ value (rf fixed assets their rerable amounts, bdng the huher of fair Val less c(Ets to sell vaw1re. are as Impairmenl losses. Impaimwbts of revalued assets e treat as a revauatlj I. Al chgr rMent k6$ are recognised in the SOF Reccgnised irryirmert We revws&J if. thy if. the reas(xs f(r the impairment Ic6s have ceased io •pty. Re4ers 01 impalmrt losses e reccgnised in the SOFA ry, for re¥ assds. as a revaluatIr g&n. On rerfeal Ll an i)yaimIw loss. the de[Keciic is adJ'LEled lo allc¢ate th asset$ revise(I C1rj {18ss f1( va) over its reMnIre useful life. 1.8 Investm•rt$ Lrsl&J inveslments stated at far vak. Bcth rewJ Lmrealised gains and l(6ses are sFNywn In SOFA. tr>Jethw th net gains Ioss85 from ievalua11c and disposas Ihrwhout th& year. The fair vakje d an investmeni qled on a recoJThsed sl¢x exchaThJe is deemed to be the qLthlIC from t1 stock eXChe. Investmert properties wel114Y rws(v•J at CLXI measwe¢J at fair value at exh balGe sheel date. Chay in fair we recc¥Jrms in the SOF Investm in sthmtharies •eval1 at cost less rrnvision inwairmenl. PaJe 34
LEICESTERSHIRE ANDRUTLANDWILDLIFETRUST UMITED (A Ilmlted by gUe0) For tho yew wxtsd 31 lknch 2025 A)untIng pollclos (CO1nd) Z9 Slo¢ks stks corsists of $p sl(K purchas fLY resalè. Stc• s valued al the lower of cc6t and net reaisatrle vdue after tsJe alk7warte (Jwlete SI.mOVIng stsxks. At each rel1r¥j date. the Tnslees asses$ St$ are impairJ or if any iMpalmnt foss reCognd in peric#ts has reversed. Anyexcess dthe Crylrg WllOLmt ofst( cver its estimated sellir#J wi¢è Itss costs to c(MWe sell is reCrIsed as an imwmnt Ioss in the SOFA 110 Debtors Trade and other (1rdj1 irKoffÈ) ythh we r&8vable valhin on8 year we reccMJnise(l at the settlerrtnt nI after ffj trade ithscount offered. Shlvt-term debtors are Subsequ1 mured at anK¥tised ¢(Bt. bg•rvJ transaction wice kns any rnnts settled and ary imMient losses. 111 Cash at bank arxl in hand Cash al bank arKI in inebj cash arnl slwt4emi hgNy Iqimd investments wlh a SI maiurdy of tlYe8 months (Y less frcffj date of acqusitirm or opening d the (FK)5it or slmllar &counl. 112 Llabllltles Liabilities wovi5icffls are rwntsed when th8r8 is an ot4hJation al the Balance sheet date as a result of a past evenL it is wobable that a trafer of eCcrn benefit 111 be r4utred in settlement, •KI the settlwYrt te e5Mated relily. 113 financlal InstrUmw$ The GroL4) thy firwKial assets finarKial labilthes d a kiThl that qualify a5 bas financial instruments. Bas financial Instnyts are Ir131 reccyJni5ed at IranstIOn Val aThJ subsequently ured at ther setllement Wa V•ith the exception of investmerts in share aTrJ property. The inveslments are Iritialy r(Tr5ed at trarwkn Val subsequentP4 measured at fair v81ue Ilwough the SOF 114 (Ip•ratlng l•as•s Rentals paid under cperatirvj leases ¢h*yed to C(wlidated statem1 of fiar181 aclivilies on a straghl-line basis over lease18rm. Page 35
LEICEsTERSHIREANDRUTLA14LDLE TRUST UMITED IA 11m1t by Notes to the firAnclal sLemenl$ Forlhe year end•d 31 March 2025 Acc19 pol1cl (contlrnmd) Z15 P•nslons Current Tr1 Sne1 wtie in a defined $lelder schm. Some past Trust personnal partiapaled In a bernfil scheme that has been cksed to new memb8rs and further accrual of pensic¥). The FerL8ion Ch repr&ents paythe ty the Grow to th8 in resp8cI of the year. The a&sets d tF scheme are held syalety from ttr¥)se ofth8 Trustin an inpendentlY administered fLmd. Diffwences te1w etyilxrtior6 pay&tyle In year CLtri1tIOnS paid ae shown either as a¢¢ruats of prepaymerts. n6db8nefitschem8 The Trust 1paleS in The WFlolle Trust Pwtslc sche. vthh Is a muli-empkyer pension SChe 1¢h woviths benefits to its meMt. TyF•caly defi of benefit thal emplLyee wl rBcewe c retirement. %lY ¢Jetht f1cS sh8$ age. years (rfservicearKI crmpen5ation. TIE lia)ility recojntsed on the SI1 in resFrft d defined benefft wtslon pl$ 13 the ¥ab of tho defird benefrt al the of the reFthirg pwiod I$ fair value of plan assets. defiwd ber11 ctly81 calcated amually ty iThYependenl a¢1Vari usiThJ the projected Lnil uedil meth(yJ. The ent of the defiwy benefit obllgallon is delerrrined by discountirg the eslimaled fulure c&h 1j irteresl rates of li3Wuality Corpcate t¥)nds that are deffiInated in the currency in ffth Ihe benefits will te paid. that have lernis of malwlty approximatir¥J to the twms related thligati(xL R&measurwent gains t05ses wisiry trc#n experience adjuslmwls aThJ chaThJe$ in tuaTIal assumrAicrs are to other gains aThJ Ic6ses in the in which tlw arlse. The amunl Ce c¥etht to inter1 nSeS is a net int8r8St Calculat ty apF4ying the 118LNlity discount rate to the rt defiwj Fmefit Ilajility or asset. 116 Fund a¢untIng Accm18t Gharitst4e fuThJs fuThts are UnrestrKI funds thi¢h We available fly use al the dis(xetion of Trtee$ in firthere of ts gen8rd 04ectives of the GrOl wt4ch have not been designated for other wrF(6es. Oesignaled lurKts ¢tynFe wStled fixbjs thal he tmn set agde by the Trtee$ fc partular poses. ThE aim •KI use(rfeach (ksignatvJfwKI Is set in tlp nLes to the financial slalemenls. Restred fu18 ¥e fwKis we to te in danCe th specfr rastrklions impos•J ty donors which have be8n r•sed by the GrrA¥) f¢¥ partul* purposeB. costs of raislrKJ aTrJ Iminislerirwj such fiThts ¥e Chary1 4ainst t1 strtific Is. The aim and use of each restricted fLmd is set In th8 mtes to the fin141 slalww4s. P4e
LEICESTERSHIREAND RUTLANDWILDLFETRUST UMrrED {A ¢omp•ry Ilmll¢d by gwantse) Ilot•s to the firla1 stat•m•nls For th• y•ar•ndgd 31 M¥¢h 2025 Crfllcal ac¢ountlry •sllmat•s and ar$ of Judyne Estimates a1 Irnents are eYauaJ arwj we based cffi 11storal experience and other flOrs. incluthThJ expectat dftlureeverts Ihate believed lo tAg reasonable under the ¢ircumstwe$. Crltl¢al accounting estimates assLW)TAicxts: The Tnst makes estimales ¥KJ assii7wiKTh the futwe. Ttrt resLtirg oUntIng estimate8 Kl as5umpti(is wil. ty defi110n. sethm eqj there1a1 actua The eslimates and assumptions that have a sYrUfant ri of causiNJ a material al.lMa to th8cwryiThJ amounts of assets and liabilities vthhin the next flnarKial ye¥ ¥¢ thscussed bel(w. Pension scheme The present vaue ofthe (lefinl benefil li&ilty on a Mnber of that are determined on acluarial basis usiro a vaTlety d aSSrA1¢. The aSsuMptiS US In detemiining the net cost or Inc(xne for pertsicfks iThSude the thOUnt rae. Any char•Jes in these a5sumptior6, whKh are dis¢lc6ed In Note 29, wlll impacl the of liaExltty. Furthermre. a rc414c¥w8rd app[h whlch woiects results the latest Valuatic Frfmj cm 1 Ppril 2024 has been used by the actuary in valuirvJ the penSIc li&)Ihly at 31 March 2025. Ary differwKes belween the figur derNed from the roll forward approaGh and a fulltlay Vaall w(xAd impxt wryirrd arKurt of the penslon Ilability. The Trustees ths rKl c(mid¢r thatthere is area 7hYyJd have asvJnif¢ant effect on amounts recoJni$ed in fift81 stalentS. PwJe 37
LEICESTERSHIREANDRWLANDWILDLFETRUST uMrrED IA c<xwy Ilmlted by wvartae) Notes to lh• finKlal st•l•ments Forth• yw •nd•d 31 March 2025 Incomè from dlIOnS and l•gxl•s Rerfct•d iknr•strlct•d fvnds Total funds 2025 2024 DonatIC• ar¥J simil¥ irK Legacies Members sut6¢riptions irr151¥j gift aid 567.175 186.876 754,051 25,(XX¢ 266.438 291.438 767.415 767.415 29Q699 70.493 717,020 W2.175 1.220,729 1.812.gM 1,086,212 Tal 2024 139.616 94&596 1,086,212 £509.(KIO (2024.. £nil) cl restrided thnaiC £25.(tQ (2024.. £rMII of reStrted IwJacy irtome was the vabje ol larKI glled lo the and as aththtiCs to hTIde assets vithin tawJible fLxed assets Ise8 rk)te 15). In¢ome from charitable activlties R•strlct•d Unrestrlct•d funds funds Td81 funds Total 2024 C(5[*anCY fees Grants Live51ock 364,791 .105 11 437. 772 279.375 616 162.370 464475 11 666.7 162.370 717. T63 Tot&1 2024 644, 754 717, T63 Page38
LEICESTERSFIREANDRUTLANDWILDUFETRUST LIMITED (A Mmpmy Ilnmtod by guarantee) Nths to Ihe financlal statwn•nt$ F¢xthg y•¥ •nded 31 M¥¢h 2025 Incom• from charltabh actmtles Icortlrnwd) glYsiS d gianls: 2025 Leicester City CnCil DEFRA Mick George Earthwcks Royal kniety of Wildifa Trusts Nalwal Eryl&MJ Arylian Water North West Leicestttshire tistrict C11 C#her 16,599 162.370 60.000 124417 91,756 2,430 2,722 3,181 464,475 Income from oth¥ tradlng •ctl¥llle5 Unr•strlctod funds 2025 Tot funds 2025 Tot81 funds 2024 Inswance procets rV sales Other irK(rfne 46.%17 75.659 4Q307 75.659 3,236 65,213 125,202 125,202 73,? P8 39
cesTERSHIREAND RiifLAM)MLt)LFETRUST UIAITED (A c4xww Ilmlted ty wxarte•) Not•s to the finandalstatemer For the yw •nded 31 M¥th 2025 ilnrestrfct•d TfAal funds 2025 Tot 2024 Irwne from investment prormties - I(e from investment propwlies - thsl Inccne from listed investments Sneome from cash inVestmts 41.622 47,099 47,099 7,788 43,656 47,781 47,781 135.545 135,545 93.066 Analysls of •xp•ndllw• on ralslTrg IwKIs G•n•Min¥ Fund Total 2435 Tot•1 2Q24 Ewndrfur• 38J58 36,752 217.676 48,088 98,265 2,148 2.322 148.268 148368 28.959 65,727 2.1S2 3.840 Trust &ypDrt Costs Sdy Costs sto¢thbroker Iges Renlal CofrtGtn 65.727 2.152 3.840 Amlysls of •xp•ndlrO on dwltth xtMII¢s P•opl Chanwltyn$ Total 2026 Total 2024 Notur Re¥erve on$ult•w Wo Sub8Mlory Support Costs Trusl &Jpp<Yl Costs Sd¥y Cost5 163.109 97.102 260211 88.469 59.924 379.889 977,970 223,460 119.809 58.785 402,025 908.747 88.469 32.042 229.116 524.670 20.353 92.496 291.030 58,277 162.270 PwJe 40
LEICESTERSHIREAND RUTLANDIYILDLFETRUST UMrrED lAcompY Ilmit•d by guarantee) Notes to th? finmclal stat•ments For theyw 31 Mwch 2025 1Q Analy$ls ol gov•rn¥Ke xl siwort costs Fub Totsl X25 rLrf2024 Tw•t •upport ¢oits OlliGo Costs 110.625 15.158 77. 11fj651 1&762 19.) 1842 274553 28.770 91, 778 1.221 2&373 31.361 V4522 14748) 2¢474 DeprKialK)r• Loss on dispos .1151 13531 11761 Sub¥ldlary •upport ¢o¥ts Qlfke Co81$ 3& 15.218 13.4591 15,2181 J13 16.S54 P.4591 66.1 16.8n 16.16• (1&1291 PILo)di8pos Amortisètthlofta 9r• 1S.639 &561 2a018 11. Audltors. r•mwwratlon 2024 Fees payle lo Trust's th8 ofthe Tntsfs acc(xffts 21.500 19,6CKI Fees pay8 lo tTrUst,$ in resp1 (t. ALbait of subsldlary ccmpany Tax Comlance service 8,000 1,450 7.450 950 12 Staff costs Group Trust 2025 Tmst 2024 2024 Wages atvj salaries Social $UritY costs PenSIc Contritsthi 901.870 874,749 5&992 76,271 671311 65,903 41061 670.078 38,270 1.043.697 1.ff17.012 780.275 773.408 P4e41
LEICESTERSHIREANDRUTLANDWILDLFETRUST UMITED (Acornp Ilnknd by s4Mrt¢e Not•s to the flnancial statem¢nts For th• yew ended 31 M¥¢h 2025 11 Staff cosls <contlnu• The averagè Nvnber ofpersLYts emFdty&J by t Trttst thJir3 the year vras as follm: Group Trust 2025 No. Trust 2024 Management arKI Nlfflrislrai Chttle ktivitres 16 19 31 The aver4e Nmber of enN*wees in th8 the yw was 29 12024: 331 a fLdl-tim6 4uivalenl basis. number d n[laYe$ brits {excknJlrg awoyer s)n cixtsl exceaded Gro 2025 No. 2024 In the band £80.LXJ1- .[1 Page 42
LEICESTERSHIRE AND RirfLANDWILDLFETRUST UMITED (A limit•d by g•8•> Nol•s to th• financ14 stalements Forlho yw 31 Al¥ch 2025 11 Trustees. r•mun•ratlon and DIng the ye8r, no Trustees received ary r&))wwatM)n otsr Wits (2024- £NIL). DwirKJ the year ended 31 Mh 2tr25. Tru$teeexps have trA8n irurred {2024. £NIU. 1& T¥xatlan 2025 2024 Ctyporatlon tax Curronl lax on nèt incomd{expwwlwe) f(Ythe ye¥ (1.066) Taxallon on n¢t 1Me1{expdI1e) (1,066) As Th)ted in the aCcC"[W3 pol1&. the Trust * FQtentralty exempl frcrfn taxation in resFeCt of irorne LY Catal gair6 reGgved vAIIN"n Cataj1& c(vered b4 Chapter 3 Pat 11 of th8 CorFwation Ta< kl 2010 Section 256 of Ihe Tation of Charge)le Gans 1992. to the extrt thai swh I(r or gains are 8ppl*d exCI1vety to charitable Fw¥xes. Thwe are r¥) fact(Ks likdy toaffttt etaX charges. Pe 43
LEICESTERSFIREAND RUTLANDWILDLFETRUST UMThED limlted by 9te0) Notes to Ilnandal statements For th• yw •nded 31 Marth 2025 Livesttxk is val1 ai iheir fatr at 31 Mh 3Y25ty the Trustee5. IlLded witlin ld and l11r1jS at#)ve Is treemd Iw#J and lIding$ wfjlh a nel to)k value at 31 March 225 of £249,703 (2024.. £264,276) l(¥YJ leaselKld tlId1J$ with a 1 twk value 8131 Mwch 2025 of £717.231 {2024.. £767.99n. H8ritage assets reiwtsail Tr$ reswves, mainlained in acerAdance 1th the Trntsvs charitAe obl.ts and stat&J developm Strategy, ilUde puL4i¢ e$S aTrJ cati(l purwses. The Tr1 continualty seek lo exp its wtfc4ioof nature resttve5. in Ine wth the above and followr•3 its quisition p)licy. The rwlure reser¥8s are an essential part d th8 Tnsfs work a1 consttlY It i8 nol Trustl rdicy to of Group and Tntst Adilllons 3)2425 Z2>24 1.22 21 102,133 I luded wthln Herila3e Asset yew 15 dcfftat•J la1 of £509,000. This land has ièn vall1 by the Trust usiry PllidY av*l8t4e data M land Val aThJ recent professi1 valuatiL5 of Ajso included within Herits3e Assgt adtK5 thrirvJ the yew is ld gNen tlwh a leg&y of £25.000. T$ land has been profeSsi¢IlY valued by the exec d the wll. P4e 46
LEICESTERSHIRE AND RUTLANDWILDLFETRUST UMITED (A comp Ilmlt•d by &Wt¢) N¢9 to the finKlal statam•nts For yw ended 31 Ilar¢h 2025 1& InY•stm¢nt propwty Group and Trust The Group's arJ Trust's investsnent prwiies ccwise trAMldings and ralaled larKI at near Charnw( L(e Nature Reserve. and part of Th& Old Nlll. 9 Soar L)e, Leicesler which is leas to a Ihird party. Investment proportles Valu8tlon At 1 April 2024 Disposals Deficit on reval1 740.000 1290.0001 130.0001 Al 31 March 2ff25 The part of the prok a The Old Mi•. Soar L, Leicester s leased ojt and Irealed as an investmffit property wa8 revalu&J ai a far vth of £1(KI.¢M by MaIr JJnie. Charter1 Survey. as 31 March 2016. TheTnJslees are oflhe r¥rwon that Ihè lairv8lue has maerialty 8t t1 bal8 sheet date. historical ¢ost of the inveslrrtht rKwties is £239.176 (2024.. £281.183). The revaluatic reseThe of £180.824 {3Y24.. £498.0> irtluded in Designated Fd$ wilhin Ihe Balance Shget lSe$ frcrfn yew-eThl reVaI1(LS d invqstm&* tr(yrties InvlMents, thebr histuical Costs. 17. Flxed ass•t Investm•nts U$t•d Invostment$ Group Cost Qr valuatbon At 1 A11 2024 AdditiLs Disp05als R8vauatiLx 213.239 32.774 1244199) 1298 At 31 March 2025 516 Page47
LEICESTERSHIREAND RufLAHDLDLFETRuST LIMITED (A ¢¢ryry Ilmlted by Noto$ 10 thg fin¥hclal stateme$ For th• year ended 31 March 2025 17. Fix•d assot Inwstm•nts IconllN Investmert In trading subsidiary u•d inv•slmenls Total C05t or valuat1) Al l Awil 2024 Additi$ Dl$posals Revalualions 213,239 32,T14 (245,199) 1(Kl 213,339 31774 (245,199 12981 At 31 M1 dlJ2 516 11)0 616 Oth•r Inwstments TrLtst. aoro with siK dher Wldlfe Trusts. ha5 e51attshed Wildle FurKITaisiro (traI) Lknlted (company rKJmtrr (183T2218). a CoMY mIed ty guwilee. TNS eorrpany undertes member5hlp recrLitment f( the Se Wildkfe Trusls inVad. As a membw of the ¢tynpany. the Trust¥ li8biffitie5 are limit to £1. brrfj the amount that eaeh member uakeS lo contr1tte lo the assels of the company in evert il lThJ Mffxnj LP. Invoslmont In tradlng $sId1¥Y The investment in Leiceslerstyre bmkthle (Sales) (company Trnber 02347573), a company incorpvaled in Il UK. reents a 1(MP/ty l¥Sdir#J trading subsidiary's share capital. The conyanys registered offKe is atThe Old 11. 9 0. Leicesler, LE3 5DE. Le1tshirfj Wildlrfe (Sales) Limited undertakes nature COrerVal( ccffitr&Ls fjldrfe c(m$ta. tC4Jelher vth its rtslSrg operations. The traLrg c(¥npary thnat8s its l&x&Ye wofitlo theTnEI. sul4eL*tO Suirlent distributatde reswves Ln9 available. A sirnwy ol its trathry Ults tth. 2024 Prollt and loss •cGow Turrther ExpeThlture Othw in¢off Interest r¢1¥ Fair value movements 469,045 (448,954 (450.1ni 46.307 4.975 3.842 (120) Profit bdore Luatlon 31.851 23.812 Taxation Profit for th•y•ar 31,851 24.878 Page 48
LEICESTERSMREAND RUTLANDWILDLIFETRUST UMITED (A ¢amp•w Ilmil by Nrt¢s to Ihe financlal sI•mts For Ihe yw endBd 31 March 2025 Arnj the below strb)vrs a Sun its sh1 px>siti(m as at 31 mch225. 2024 Balanco sh•¢t Fixed aTrJ assets Current li)ililies 233.308 1217.5941 208.663 {195.519) Total net as80ts 1&714 13. 144 Caled up share c8tMtal Profit aNI loss reserves 100 15,614 100 13,044 Totsl equlty 15,714 13, 144 Taxable profits of £29,281 {2024: £19.882) (knaled fr(wn sthithary to the Trusi are included in the Trusts inlerc(npany receivat4e baknce at the yew eTrJ. 18. Slocks 2ff25 2024 Sly) siock 6,129 19. Debtors Group Trust 2025 Trusl 2024 2024 Due wlthln one year Trade delor$ Amourt$ trh*d ty group l1j$ (Xher debtors Prepayments accrued irKome Tax recoverable on gift aid 51,080 50,330 59.743 33,534 64,256 8,195 124,867 67. 715 306.371 31K371 41.820 124, 867 67, 715 235. 172 458.264 290.372 P¢ 49
LEICESTERSHIREANDRLrrLAK)WlLDLFETRUST UPIITED (Ac¢xnpw Ilmlt•d by guwant••) Notes to the finala1 slatements For the yw eThl•d 31 March 2025 CrltOrs." AfflntS falllry wlthln on•y Group 2025 Trust 2025 Trust 2024 2024 Olher loals Trade creditors Other taxation s101 Other ¢torS knruals dderred irK a3 57.216 2Q687 11.205 16& 154 89.152 18.862 1.910 1n938 62,173 13.212 40.623 16.521 11.205 5&65Q 2162 263,562 140,311 132.299 Gr4)4) Trust 2025 Trust 2024 2024 Deferred Income at 1 fv4>ril 2024 Rgsources deferr•J thJirvJ the y Arnounls releas&J frcffl wevirm penLNk 47.497 $3.629 (47.497) 400 2.430 (4LXI) 74.352 153,629) 12,430) 74,352 53.629 400 2.430 Deferred inccme relates lo afv8s wilh res io ¢{ancY fees arwj grarts P74d in advCe of entitlemgnL Page 50
LEICESTERSHIRE AND RUTLANDWILDLFETRUST UMITED Ilrrtt•d by Noles to the fInoI stat•merrts For the yew ended 31 March 2025 Cr¢ditors: Amounts lalllng aft•r more than one Group 2025 Trust 2025 Tn1 2024 2024 Other loans 16.813 25,113 16.813 25,713 Other loans relate to a lo fr(m Ihe ROY ScKiety of Imldife Tnjsls. Th8 loan is interest free and is repayable in annual instalments. Wtth the final payThw (k in SeFrtember 2027. Flnanclal InslTum•nts Gro 2025 Trust 2025 Twst 2024 2024 Flnanclal assets Financial assets m&%wed at fr va thrcAJgh IrM0 eXplt 1.801.038 1.336. 745 1.630.260 1. 192,832 Group 2025 Trust 2025 Trust 2024 2024 Flnandal Ilablliti•s Flnancial liabilities measLwed al rtiSed (11Q175) (94,604J {87,8141 (78.012) Financial assets measured at far v4[ thr¢h irt(#ne aNI eX11te c¢Jnprlse bart arnl cash in hand and listed investments. FinwKial liabilities at aTrKYtised cc6t ¢cthKise crwthtors. rknr credlllxs aThJ olher h)ans. Page 51
LEICESTERSHIREAND RLrrLANDWILDLFETRUST UMITED (A Ilmlied ty sMw•rte•} Not•s to the financlal statements For th•y•ar •nded 31 March 2025 21 Provlslons Group •KI Trust Rswr Ponslon fvnd Ilablllty At 1 Awil 2024 Chwged to WAas excepticwf itw 257,000 23.735 1280.735) A detall inVesthJatic into past Ser costs payaLrfe lo memlvs (rf the RS¥Yf pension scheme w corKluded duriThJ the year. res1 in a liknilty to th8 TrLSt of £280.735 this liability has been inClded In the thfingj tri1 pensi gLheme liabilty Shryn balance sheet as at 31 M*ch 2025. The wovision Incl in firrar181 sLeme[rts in ts previcmjs year is thèrefrKe no lorKJer required. P4e 52
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LEICESTERSHIREAND RuTLANDLDLFETRuST uMrrED (A Ilmlt•d by gMMrt¢¢) Notes to thè flnKlal s¢•ltsn¢nts For th• year ended 31 March 2025 2& Analysi$ of rnt ass•l$ b•lwwn fwKts R•strlcted Unrestrictsd fund5 Tolal funds TJible fixed assets Fixed asset inves1v¢S Investment WLVty Currenl assets c¥Ill0r$ th wthin one ye Creditors d in more than year Provlsiorts fLY liatlItIeS aml charges 2..077 1,214,630 3,714,707 516 516 420,Cth 420,000 1,8tKI,468 2.21&184 {298,1621 {298,162} 116,8131 (16.813) {178.0861 {17&086) 414.716 Total 2.914.793 2,942,553 S857,346 Analysls of n•t ass•ts batw••n fwKls. wlor Restricted Unr8Stricf8d Tot 2024 Tangible fixed assets Flxed asset investments Investment property Curr¢nt assets Creditor$ due wlhin ye¥ Creditors due in more than (Th year Provisio for lialitIeS charges 1,955.285 1,264,563 3,219.848 211239 213,239 740.(XKI 740,1KKI 87&539 1.361, 740 (212.363) (263,562) (25, 173) (25, 113) (257,CW) (257,(k) 486,201 (51. 199) Total 2390,287 2.598.865 4,989, 152 Pe 60
LEICESTERStrIREAND RUTLANDWILDLFETRUST UMITEO IA compwry Ilmll•d by gwants¢) Notss to Ihe finandal sLemants For th•year Mded 31 Marth 2025 Rtton¢iliatlon of nèt m¢)vement In funds lo cashflow from oporating xtivitl•s Group 2025 Group 2024 Net inc0melextll1vT8 f(Y yw (as p8r sL2teMU of FinwKial Activiliesl 825,128 (400, 720) AdJuslm•nts for: Depreciaion charyes ement in pr(Nisic Lossesl{gains) on investments Dividencts. Inte1$ and rerts fr(#n inveslmenls (Prrfrtl crf) the sale Lrf fixed assets (Prrfrtl M disr$¥1 cl investmthtt wq)ttty DreaSlinCreaseI in stc¢ks DreaSe/[ln¢rease> in debltys IrKr8asel{decrease) in creditus Defined benefit pension sch8m8 Cost less CarItOn5 payaAe Pension fironce clkqrges th1Th$tratK cosis Taxation charge Donalicffl in kind 109.075 {257.IXIOI 298 188,4461 (8.20n (47.099) (3.0671 (173.361) 300 222.978 28.474 108.055 257.L (2 741) (93.066) (4.941) 2, 702 82.620 (43, 182) (s6,) 25,373 (1,066) (534.OOD) N•t cash provlded by1{uS In) opwatlng x¢ivltkns 101.073 (126,034) 27. Analws of ¢ash and rA$h equlv4•nls Group 2025 Gmup 2024 Cash in h*¥J 1,800.522 1. 121506 P¥Je61
LEICESTeRSHIREAND RirfLANDWILDLFETRU8T UMITED (A Ilmlted ty wwrt•• Notes to the ftnanclal statements For the yew ended 31 M¥ch 2025 21 Anal0$ 01 ¢hrys In n•t debt Othgr non cash At 31 March ehang05 At 1 Awll 2024 Calh fl¢>ws Cash at WKI in hwxj Debt due 1th1n 1 ye¥ Dei due after 1 y 1.123.506 1&300} 677,016 300 1,800,522 (8,31JO) 116,813) 18,300) &3 1.09D,093 681316 1,775,409 The Trust currertly operat¢s s¢1. a) a stake thfined ContriblC sch8me cwale(l ty sidard Life ¥NJ avai1&4e 10 811 anthees. Pension ¢ctriEI1¢y8 for £55,532 (2024: £76.271); ar¥J b) The Wildife Trusts Pensi S. ¥hwch is described in detall belNI.' The Wlldllf• Trusts Penslon Sclw The Tmsl, togdher •Woyas, parbciW9s in lh8 defin&J benefft section of the Wildlrfe Tntsts Pe4( &heme Ilhe Scheme). C¥a admirislws Scheme and Its assets. vthich are held sepwately from ttr¥Jse rl TrsL The IlabllSlles set ¢JJt in thi8 rb)te have tw cLled based on rasuNs of the Scheme FuThJiThJ Assessment as at 1 April 2022. Lwdated to 31 March 2025. The present value cl the defined benefll obligalh)n vrts meas LtsirYJ wojKled Lfit iyethl met. The Employers have •Jreed a fuThJirvJ plan vith the Trle8$. wlweby cLtriML0nS mad& into ts Scheme in order to remove the funding deficit based on each Errer,$ she ol Ihe tcU Scho liabilies. calcthated by Ihe Scheme P£tuary as al Ihe most recent SCIrne FuTrth'rwJ AsseSsmt (¢wtty. 1 Wil 2022). The dlsclc6ures set out bd¢y are based on calculatic)s as at 31 2025 indeFwdwM qUaIrfi actuary. The ctr110nS payaAe by Tfusl tot Scheme for the year were £57.75712024: ,068). Principa xtuarial assumplicxL8 * the Bthe slwt d*e (gxwes58d as weighted avereS).' At 31 March At 31 March 2024 Discount rate Futur8 salary IrreaseS {RPI) Fulure pensi( increases Posl-retlrnt m(Ktality 3.40 275 175 P¥Jeff2
LEICESTERSHIREAND RuTLAHDLDLFETRUST UMITED IA limiled by sw¥ant¢e) For •nd•d 31 M¥¢h 2025 Pwslon commllMw {c4>nllrK Al 31 March Al 31 March 2025 2024 Years Ye8rs M(aY rates (in y&¥s} - for a maleaged 65nthv - at 651ry a male aged 45 rkny - for a female aged 65 n( - 0165 f¢y 8 fem aged 45 22.3 23.6 24.8 26.2 23.6 262 The Gr¢)'S shareclthe assets in Ihe $chvaS. At 31 March At 31 March 2025 2024 Equilies 178.673 194.079 226, 11 489,263 794, 727 Cash & LDI'S Tot•1 fair of •¥s¢ts 910,090 Th8 actual relum cffj scheme assets vas a loss c1£31.474 (2024." gan of £18.194). TheanMJJnts recognis•J in the CLN)srAid8twJ stalanent d finla1 xtivities are as fdlcws: 2025 24 Past service costs Nel interest linccrfneyexpense AdnNThstrative expwtses Total nount r•cognis•d in Con•4lidat•d $L¢M of flnxlal actlvltl•s 280,735 13,131) 31,605 (2,814) 2& 187 25,373 Movements in we5ent V¥1 of tl defir*d t 19atkIl as fcllows: 2025 2ff24 OpEIj defined tenefit obligati( Actuarial (gainsvlosses Benefits paid Past service cosls Interest cost 858,457 (96,985) 141,212) 280.n5 40.647 863.540 1.512 (45.894) 39,299 Closlng dolingd bwrfit obligatiryi 1.041.642 858,457 Page63
LEICESTERSFIREAND RUTLANDLDLFETRvST LIMITED IA 11m1t by Notes to Iht finan¢ial statements For th• y•ar ended 31 March 2025 2& P•n0Th ¢ommltments (conllnu• M0vennIS in the far vak cl Ihe shweal St assds we as follo•VS: 25 2024 CWiThJ fasr vaue d schem8 assets Interest income Aclwial losses triblCS by enwloy Administrati costs 8erits p&d Reversal ofdwwJnitiorv(dereCL3Tht) Ikl sU5 851457 863,540 42.113 (23.919) SO,8 (2& 187) (45.894) (&264) 175252) 51,751 (31.605) (41,214 51.633 Closlng falr valu• of assets 858,457 T1 Trxmts Ir1 in fv BawKe Sheel wisiry Irun the Trusvs oLligatics in respect of defined benefit pl$ are as lo. 2025 2024 Presént vaue of defirwd benefit (ligaticn Fair vab* cl an assets 11,041,642) (858,457J 858,457 O•fln•d b•n•fil non sdwne IlIlty (171086) 3Q Op•ratlng l•as• commltrn•rts At 31 March 2025 the Gr(yJp and the Trust had ccrnilThths to m&%e minirnun lease payments under non•¢Ce1[abIe operatiTrJ 1&2ses as fcll(Avs: Gr¢Jup 2025 Trust 2025 Trust 2024 2024 Not later than 1 y 418 P4•64
LEICESTERSHIREAND RiITLANDMLDLFE TRUST LIMITED limll¢d by gu¥artee} Notes to the Ilnanclal statemS For the yw ended 31 Marth 2025 Cxoup and Trnt as L•ssor At the year eThY. the Gr Tntsl td e¢Yrtr&la Iwwnts. urKler ncellable rwatirrfJ leases. the followng fUte nMThmLWn lease payments". 2025 2024 Less than one year Later than 1 year and nrrt ler than 5 y$ 10.020 10.020 15.865 15.865 25,885 31. CeAwKII of Trust••s Tntslees referred to inthe inf(rtion tothe ¢(xBtltute thwtors oflhe rPly. 32 R•lat•d party transactlons During the year. the TrLBt recharged charges aThl certain exp&)ses lo its trading SLtsldi Leicestershre Wildlfe {Salesl Mited amlu1 10 £34.268 (2024: £110.6721 and were recharged expen$es of £52,928 {2024'. £79,823) At the y erMI, theTnsl was £59.743 {2024.. £64.2561 from Lei¢e$twshire Wikllrfe (Sales} Mitl. DWINJ the year. IheTrusl VRS charged £135.42512024: £222,13241 by WFCL f¢y ils reuuilmenl $eNices. Iluded witlMn creditors al 31 M¥ch 2)25 was arr¥)urt (rf £16,25812024". £28.0371 to WFCL. Dwlrvj the yew, the Trust received tknmlicm 1cl41iNJ £11XI.CKXI (2024: £1C(I,C(Q> frc4n trustees. Page SS