Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE Registration number: 00724133 Charity number: 218711 CUMBRIA WILDLIFE TRUST LIMITED ANNUAL REPORT AND ACCOUNTS 31 MARCH 2025 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST LIMITED ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Legal and administr8ts.ve information Chair's Report Trustees, Report.. Objectives and activities Main achievements of the year Financial review 13 Structure, governance and managerY*nt 16 Statement gf Trustees, respgnsibililies 18 Independent Audrtorfs Report lo the Members 19 Consolidated Summary stsIeff￿nl of Financial A¢tivit*s 23 Consolidated and Charity Balance Sheets 24 Consolidated Cash Flow Slalemenl 25 Notes lo the Accgunls 26 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Patron Lord Ing￿wOOd Vlco Pr¢Gld•nts Mrs S P Bonner Dr G Halliday Sir Martin Holdgate Mrs M Sulcliffe Dr A Powell Mrs J Wallen Dr Peter Woodhead Board of Trust• Chair Treasurer David Sharrod Julie Barrett lunlil 29111120241 Philip Byle lapkx)inted 29111r20241 Janewlson Prof Graham Hooley (until 29111120241 Peler Young Company Se¢relary Appointed trustees Individual members Adrian Banford (until 29111120241 Amy Bray Or Volker Deecke Sheila Gregory Gemma Jones luntsl 29111120241 F￿na Southern Danny Poland lunts"129111r20241 Lilly Swielek (until 29111120241 Additional Trustees Chl•l Ex•cutlvè Stèphen Trotter Dlrectorn David Harpley, Helen Duxbury. Jul￿ Sunderland Prlnclpal and Reglstered Offlce Plumgarths, Crook Road, Kendal. Cumbria LA8 8LX Audltor Saffery LLP, Chartered Accountants & Stalut¢)ry Auditor, 10 Wellington Place, Leeds, LS14AP Solicitors Milne Moser, 100 Highgale, Kendal, Cumbria LA9 4HN Investmfrnt Managers CCLA Investment Management Limited, Senator House. 85 Queen Victoria Street. London EC4V 4ET Bankers National Westminster Bank plc. 2 High St￿et. Windermere. Cumbria LA23 1WY CCLA Investment Management Limited, Senator House. 85 Queen Victoria Street, London EC4V 4ET Flagstone, 1st Floor, Clareville House, 2&27 Oxendon Street. London SW1Y 4EL Cumbri• Wildlile Trust Ltd Registered in England as company no. 00724133- a private company limile(I by guarantee Registered as an Environmental Body with Entrust No. 093225 Registered Charity No. 218711 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 l am delighted to present my fifth annual report as Chair of Cumbria Wldlife TrusL This has been an extraordinary year foi our organisab.on and for the delivery of our charitable objects. I feel that we have really scaled up and expanded our wod( lo put wikllife back into this wonderful county, as we work with ever more partners, communities and individuals for our vital cause. Inevitabty I focus firstly on the major development of the year- the ￿￿lSIt￿n of Skiddaw Forest in July 2024, followed by the successful subsequent public appeal. This is by lar the largest single land holding the Trust has ever taken on. and il will become one of our most ambitious programmes of restoration and recovery. Covering 1200 ha of mountain top, fellside and deep peat bogs, this is an enormous opportunity for the Trust to demonstrate what can be done to bring wildlife back to one ol the UK'S most nature-depleled National Park5. Working with our partners, Including Aviva, we will now be embarking achieving our 100-year vision for this iconic r￿unts1n. A key lo success will be the enlhusiaslic invofvemenl of local wmmunilie$, who are already helping to gr¢)w more than 600,000 trees at five community tree nurseries to help the I￿reatIon of missing broadleaved temperate rainforest, montane grassland and scrub- along with the restoration of 1000 acres of peauand habilal5. Preparation and planning work is well underway- induding a suite of the essenb'al baseline surveys and the full range of assessments needed lo inform our work. We are hoping to commence the habitat resloralion work during the winter of 2026. All of this Is only possible thanks lo the extraordinary support of ¢xJr members and the public from across the UK and beyond who responded lo the Skiddaw Forest Appeal. Launched in September 2024, this Appeal lo raise the £1 M shortFall to secure Skiddaw was re¥hed belore De￿Mber1 The 8¢)ard of Trustees and our stsff have been ovemhelmed and humbled by the 7000 donations and the huge volume of messages ol support we received. We were fortunate lo receNe excellent national media coverage and I would like to thank all of the staff and volunteers who were invofved in the hard and lime-consuming work of acquiring Skiddaw and running such a successful Campaign. Above all though, I would like lo offer my sincere thanks to everyone who contributed in whatever way,. il mean8 so much lo us all that 80 many peop￿ share the excrting visK)n lo bring wildlife back lo this remote bul denuded landscape. The Skiddaw Forest programme 1$ just one ineredible opwtunity to ereale a core Sile al the hèart of a bigger, better and rnore connected landscape. The Trust 15 proud and privileged to have the responsibility for managing nature reserves from the highest mountsin tops down to sea-level. We are protecting wildlife and habitat not just for its own sake and importance, but also lo help our landscapes become more resilienl", and because it is so important in the lives of people In Cumbria. Cleady, Skiddaw FO￿$1 has tsken a great deal ofour focus this year but despite this, l am very pleased lo reFX>rt that the Trust has still been able lo suslain its other work a¢tivilies and make progress on a broad sweep of other critical projects and programmes. These are described in more detail in the Trustees, annual report below, but to pick out some highlights.. We have completed the acqvisitKJn of several addi(ional pieces of the 'jigsaw' around Foulshaw Moss to buffer and extend the nature reserve. The work of our community team continues to go from slrength to strength across a range of projects and programmes. The highest profile oflhese has been the inspiring community project at Cold Springs. now formally opened to the public alongside the habitat restoration works. Meanwhile. The Bay proje¢l working with the local community on mental health and social isolation issues has continued to suc￿SsfUllY deliver its activities in and around Barrow, whilst we try to secure fvture funding to extend the project in the coming years. A very significant prograrnme ol peatland and gras51and iestoralion has been completed this year in partnership with other landowners, famers and the Cumbria Peat Partnership. Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Our Marine Team h85 been working hard on a range of important projects and we are now into our second year ol the sea glass project in and around Barrow and Walney Island. The Trust has also been deepty engaged with working to influence our many external pattrers for the benefit of wildlife throughout the year. We have been particularly Invofved with the production of the Local Nature Recovery Strategy (to be published later in 20251, the development of the Irish Sea Network, planning application5 for marine renewable energy, the Great North Bog Partnership. responding lo the Planning and Infraslruclure Bill, a Consultation on Biodiversity Nel Gain and Government Changes lo fam and land management payments. The Trust also hosts the Cumbria L(xal Natu￿ Partnership. Nature North la partnership of environmental organisab'ons across the North of Englandl, the Cumbria Peat Partnership and the Cumbria Beaver Group. As Can be seen in the Accounts below. the significant posrtive impact of Skiddaw FO￿$1 has distorted the Trust's financial figures to some degree. The Board and our Audit and Resources Commrttee believe that our underfying finances are in reasonabty good shape. However there is no room lor complacency given rising costs and uncertain wider economic prospects. With Government cut&cks and Increasing competitson for funding, Charrties have grounds for taking a cautious approach. We are considenng how lo keep even lighter control of costs. whilst ahways seeking new sources of income including Green Finance, lo sustain our ambib'ous objectives lor nature recovery. We are here forwildlife, bul our work is delivered lor and by people. As a Charity. we owe a huge debt of gratitude lo everyone involved". our Trustees, volunteers. supporters. funders and staff lor their hard work and commitment lo the cause of wildlife in 202412S. I cannot thank enough the large number of dedicated volunteers who give the precious gift of lime for Cumbria's wildlife,. supporting our remarkable professional. dedicated and passionate staff team. l am very fortunate as Chair to work with an exceptional Board of very high calibre and enlhusiaslic Iruslees. All ol them are volunteers drawn from the membership- and I woukj like to thank them all, and especially our 08puty Chair Jane Wlson. for their ¢onlributson$, Support and leadership. Our members are Cumbria Wildlife Trust and none of our successfijl work would bè possible wilhoul your commitment lo protecting and caring lor Cumbria's wildlife and 'wild' places. Our work is entirely reliant on your generosity as supporters and members. Thanks to you. we have been able lo do even more for Cumbrian wildlife this year. We are extremely grateful and humbied for these donations and the trust you place In us. Thank you so much. David Sharr¢d Chalr Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, acting as directors of the company, submit their Annual Report and Audited Accounts for the year ended 31 March 2025. Objectives and activities The Trust's principal activity is the conservatk)n of wildlife in Cumbria. Cumbria Wildlrfe Trust was established in 1962 to look after the wildlife and wild places of Cumbria and has the following Vision, Mission and Objects.. Vl6lon The Trust's vision is a Cumbria which is rich in wldlife on land and in the sea, and where people are close lo nature. Mission Our mission is lo bring about a nature recovery ne￿ork. living seas and a ￿lety where nature matters. Oblects The Trust's objects sel out In the Memorandum of Association were mdemised in 2002 and are.. For the benefit of the public, lo alvance. promote and fvrther the conservation, maintenance and protection of.. wildlife and hath'tats.. places of natural beauty., places of ornithological, botanical. geographical. 2￿1c￿le81 or Scientific interest.. features of landscape wilh geological. physiographical or amenity value,. in particular, byl not exclusively, in ways Ihal lyrther bi¢>Jiversty. To advance the education of the public In.. the principles and practice of sustsinable devebpmenl". the principles and practice of biodiversity conse￿allOn. To promote research in all branches ol nature study arKI to publish the useful results thereof. These objectives are central to the lop three priorities ol our 2021>25 Five Year Strategy which are.. Nature recovery and dellverlng nature4>a8ed solutlons p18ying a198ding role in t8ckling the wildlrfe cnstts and clKnate eMe￿nC￿0￿ land and sea.. directly through increasing the urgen¢y. scale and ￿0pe of our work programmes and by be￿MIng even more influential leaders ol change by. for example. delivering peat, grassland and woodland restoration programmes and providing more ecological advice to farrners and landowners. We will speak up for Cumbnan wildlife and energise more people lo tske action to c￿ale a Wikler Cumbna and a Nature Recovery Neiwork across the County. We will Continue to •r￿rease the area of land in our care. People and wildlrfe making wildlife and local natu￿ even rnlevant and important in the lives of people 8nd Ioc81 communities.. by expanding and improving our work to engage r*ople with nalure through events and learning-for•all programmes. We will improve both Ihe phYs￿al and inlelkntual access to our nature reserves. We will also develop our base al Gosling Sike and its role in suppK)rb"ng health and wellbeing programme5 in partnership with others in the City of Cadisle. Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Raising our game to meet the scale of the challengas ahead.. we will improve our governance arrangements to become even more transparent and accountable in meeting the needs and expeclalion5 of our beneficiaries. We will get better al what we do and how we deliver Il so we can have an even g￿ater impact for people and wildlife. Gen8rating n8w incom8 and resources will ￿ key so that we increase th8 Sca￿ of our work to match th8 scale of the wildlife crisis. We will be forward-boking and invesl in new IT systems and processes to improve our efficiency and effectiveness and to drive reductions in the environmental Iwtprinl of our activities. We value our people and will seek lo expand our capacity and capability by recrurting nve stsff and volunteers and by investing in their professional training and peisonal developmenL Public Benefit Statement The Trustees confirm that they have ￿mplIed with their duty lo have due regard lo the guidance on public benefit published by the Charity Commission in exercising Ihthr powers or duties. As a Charity. we owe a huge debt ol gratitude to all of our Trustees. volunteers. supporters, funders and staff for their hard work and commitment to ihe cause of wildlifr in 2024125. Thank you lo all of our supporters for your superb support for wildlife in these difficult times. Our members are Cumbria Wkllrfe Trust and none of our work woukl be possible without your commitment lo protecting and caring for Cumbria's wildlife and 'wild' places. Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Main achievements of the year With well over 4.555 hectares ol land under ils management. species and habitat projects lo run and the population of Cumbria to Inspi￿ in the cause of Pfotecting the county's wildlrte, Cumbria Wildlife Trust has plenty to do! We continue to be especialty grateful to the many individuals and organisations who have supported our work during another successful year. Examples of the Trust's achievements in the year are briefly summarised in the following page5 which, though not exhau51ive. will hopefully provide a flavoui of our vitsl long-lerm work. Croating Wildlife Havens through biggor. better nature re8erve8 What we planned to do in the year Some ol the things we did in the year What we plan to do in the next year D&liverLife on the Edge projects includNngfurther l&ncing, habilal wort($ 8ftd omployings&asonal engagen￿nIanbM0￿I1oring staff al Soulh Walngy, Fouliiey Islandand Rockdiffe Marsh The project was delivered wth addibonal stsffing provision. Further fencing was employed to $trengthen protection of the breeding colonies, and $hingle mana9ement was com ￿eted. Seasonal Wardens were employed. Despite these measures, ground nestsng birds had a difficult year largely due to the poor weather conditions. Continue to pmtect important ground nosling binl colonigs 81 South Walney, Fciulney Island &ncl Rtsckelifie Marsh. and employ seasonal ngaggm&nl and n70nilorii?g slaff Further restoration work was corn￿01¢d on Btswber Head grasslands. River rèstoration has bèen very $uccessful wth the beck startin9 to shape in river habitats. Fenang and tr•es ware ￿anted for wood pasture ￿ation. Comp181e gr8ss1gnd sto131￿￿ al Bowb&rHgad andensi1￿ success of river restor8tion and asSc￿la1ed habitats Skthaw For&st.' Recmil a Project Officer Complet& pr8p8ralions and p&Miss￿nS r68dy lo commence wood18nd cre81ion 8nd 18nds¢apg oslorallon pft)gtsmmes iii eBrfy 2026-27 onwBrcls Eslablish volunt&&r and commiinity groups and Ihe I￿e gmwing conlrscis /new nutseries lo siipply our Irge ￿Qu1￿MentS Agrnts B deS￿n monitoring melhodology and insligale the Gompilation 018 ¢omprehensive sumey b8selin8 Compl&t8 sit8 fi plans secu￿ a Stewanyship Ag￿ement and commence ￿-re￿Ging p￿￿rnMe The tr8nsler of Skiddaw forest was comFlete(l in July 2024. Complete Iransleroll8ndal sk￿d8￿ FO￿$1 (èssumino 8cqiiisilion byJiin& 2024) 8ndmeeÈ agr8ed commilments forAviv8. We recnJited a Skiddaw Project Manager In the autumnlwnter 01 2024.. Inttiated a range ol assessments and habilauspeues baseline svrveys,. obtained the required pemiis%on pro￿sseS we need from various Authorities, ftjnthaising and undertaking pfeparaiions for starting practical delivery in 2026. This in¢lu¢Jes tree seed ¢olle¢tion, dèveloping a vdunlèèr base and a suite ol community tree nurseries and growng the trees we need. Peadand surveys and restoration planning is underway. The team have undertaken lacl finding VI￿lS to places like ihe inspiralional Carrifran woodland near MoffaL 86gin m8jorproJecl wo￿$ lo esloolish lemper8le infornst 8nd rèslo peatl8nds Bt Sk￿daWFOr9St Establish and develop Ihe supply oft￿eS for temperaie r8infoKpsl ￿slor8E￿n al SkKldabV Continue m8JorBsh safety works Bcross multiple neture reseThes Agretrments arg in KAa¢& vthh Growng Well al Tebay and with Haverigg Prison to grow and supply trees for the project. Flans are also in pl￿ to develop 3 community tree nursenes. Begin revision of Nalu ReserveM8nagement Plans, to includè clim&tÈ tssi1￿￿ce andèdaptat￿n Ash safety work conbnues across many of our nature ieserves. Measures to adapt sites to dimate breakdown are under consideration and will be written into future management ￿an$. Continue lo take fonvard the VilherslaGk Mosses vision by aGqUInngl8r￿ wherg opportunities allow Complete fen ￿$toratIon and eco-hydmlogy ￿pOrt at Hale Moss,. seek lundiipg lo implemeiil comfftend8tions Additi0ft81 land was a¢quired 81 Meath(Ip and Foulshaw Mosses. and we arè séèkn.ng funding for welland restoration. Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Creating Wildlile Havens through bigger. bthr nature reserves leontinued) What we planned to do in the year Some of the things we did in the year What we plan to do in the next year Explo￿ opportunities to WO￿ with Caslletown Esl8les, Rockcliffe on their ambilious ¢OnseNAt￿n plans Several meetings have taken Flace between the Trust and the Estate with positive conversations about how we might collaborate in the fvture. We continued to host and support the CLNP. which has gone from strength to strength under the leadership ol a new Partnership Manager. New projects and worknro groups to improve biodiver5rty d*a for Cumbria IrKJude County Idlifè Sitès and Roa¢Jsidè Vèrges. A Collabtststing lor Nal(1￿ Recovery event in January 2025 was attended by over 40 stakehdders from nature and environmental charities and NGOS. L(￿1 Authorities. and public bodie5 and focused on delivering ￿8￿re recovery strate9ically a¢ross Ihtr ¢ounty. We have been dosely invofved in supporb'ng the production ol the L¢)cal Nature Recovery Strat￿y, dev&loped wth &x¢ellenl l&adefshlp from Weslmorfand and Fumess Council. Continue dial(YJue wilh the Estate and involve our consuftancy PiionlASg the d81iv8ry tifihg new Cumbria Local N8tur Recovery Sitslegy in partiiership with olhe through developing ourfami advice service, d&veloping 8nd delivering rvlated- proj8cls Support Cumbria L￿al Nalure Partnership and completion 018 Local NAlur8 Racov8ry Stratègy Conliniie to dtsvelop a Nalure Recovery Nelwo through Land acquisition. County W'ldlif& Siles. ELMS elc, Continue lo secur8 funding lorall ourn8luTr resèwes wo Complete Ihe Counly ildlife Sites 2024-2025 suNey programme D&lNer capital &l&monts ol Highgr Levgl Stewardship (HLS) and Countrysi(le Slewardship (CS) 8greefftgnl$ 8nd wts lowan¥s transferring all a9￿&MentS lo the n8W Envimiimeiitel Land M8nagem&nl schemes {ELMsl and H￿her T￿r CS (Counlryside Slew8fdship) sclJem8S 8$ Ihese becL)me 8v8ilable Build a County Wildlile Siles project delivery leam and conv&n8 Ihe Ciimbng Ildlifg Sit& so1￿110n panel 95 County Sitès wèrè suTh•y8d during th8 year. The r￿OnVened Site Sdeclion Panel reviewed 32 surveyed sites. A volunteer supported the projecl by underlaking some project adminislralion. data entry and securirrfj permission5 for survey. A ￿aCement from the Cumbria Biodiver51ty Dala Centre hel￿ to ref ne the survey methoddogy Delivery of Counlry%de StewartJ$hip Higher Tier ICSHTI capital works programmes lor BOw￿r Head. ￿llbarrOW and Barkbooth nature reserves, are in•progress. P￿parats.0ns are in ace lor Skiddaw to enier into CSHT once the scheme opens. We pursued opporiunilies to acqui￿ additional land at Srnardale and Haverigg. but neither have been p055ible due to extemal factor5. Continue to secure funding ft)rour natu￿ reserves. pnmarily IhrD41gh Hwh8r Lev81 Slew8rdshNp and ct￿ntrySide Slgwarfship Agmements, 8nd woth with the Fundraising team to realise otherfiinds Continu8 lo deliv&rth8 Cumbri8 Cotsnty Wildlif& Sites proj6cl and dBliverEh& 2025-2026 survey pM9￿mMe. ConFplele reserve aGquisilions ar￿ extensions al Sm&rdal& and Haverigg Continue developing st0Kgl￿n options for Lowlck Common natu seThe, including conseryation grazing and pond and wetland c￿ation Continue to promole our landpiirGhase pot for Strateg￿ land acquisil We have a INe land purchase ap￿al to reffect thai strategic land acqui5rtion remains a continuing priority. given the need to act quickjy to save srtes at nsk around the county. Prt)duc& a sljort film &bout the impact of legacy grfts Develop a slTrlegic Lar AcquisilAOll Strategy We designed and developed a suite of new signage, based on iTrdepth consultation wth and feedback from our members. We began a Phase rdl out of improved wdcome signage, accessibility information and interpretstson at our naturè rèsèrvè Deliverlhe Natu￿ Reseryes InlerpTrtation and Swnage Slralggy Undertake wortr to make natu￿ ￿seryes mor PhyS￿81ty a￿sSIble espeoi8lly Ilagship ￿SelveS at Smèrtla18. F¢￿IshaW and Gosling Sik& Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 standing up for Wildlile through conserving habiiats and species and securing living seas Whit we planned to do in ¢h• y•ar Some of the things we did in the year What we plan to do in the n•xt y•ar Conlinue to promote natu covery thmugh a(fvocacy. inlliiencing policy and supporting widerp8rtnerships (e.g. Gre81 North Bog. Nature North. Ihe Curnbrian Local Natuts Récov&ty Slral69y, Red Sqlli￿ls R￿Vtrry Netsv0￿} We raised aw3rer*ss of natur31 environment Issues during the General Election.. vrrib.ng to previous and new MPS on a range ol wildlife issues such as.. suppK)rting national campaigns on increasing funding lor naturtrfriendly laming., the detail of fulure Govemment payment schernes. anning and nature." our delivery of nature- recovery actions localty. and on how Grèèn Finance benefits wldife. Continue lo ￿spOnd to live issues, th￿tS and opportunities for Cumbria s wildlrfe as they arise through our8dvwacy and G8mP8Agning wolk GonsiderourslrategiG appn)ach to d&liv8ring motp wildinL7 pnjecls across Ihe county including preparing I r&vigwing ourgrassland and peatland strategies DeliverPe8lland resloralAon LVOrt($ forlhe N81ure for Climètè Pgètland Grènl Scheme. Haweswalgr Catchment andK8nt Calchmeiitproj￿Is. 1,630ha Of peadand was rèstored al sevèral uFland and I￿￿3nd sites. The Nature for Climate Peatland Grant Scheme fvnded ￿SlOration as part ol both Ihe G￿at North Bog Upland Restoration Project and the Northem Peauand Coalition's LO%￿8￿￿ Pealland Restoration Scheme. Other siies included ¢he Haweswater Peadand Prge¢t, Uppèr DuddLY) Landscapè Recovery Projèet, Cumbria Connects and the Eastem Fells Landscap6 Recovery Project. 30 voluntéers are wothing with the Tw$l'$ Pèatland t8arn to collect data for Eyos on 8t￿, a UK-wde CAtizen science peatland rnonitoring programme. Highlights from our grassland work indude.. Fanlaslic community support for the Planting for PollinaloTr hab'tat resloration prqect5 (Eden.. 80 ¢omrnunity volunleers. South Lakes. 187 and Kendal 801 and a new Cogst to Fell proi&¢t whi¢h feslored 27.3 ha ol species-nch grassland using locally sourced ￿ants and wothed wth local famiers, landowners and partners. Overall 72.875 ug ￿antS and 136.7kg of seed were used in our resloration programrnes. 1.031 peoF4e participated in 66 vdvnteer sessions. and suryey results from 46 verge sites previousty re51ored through the Get Cumbria Buzzing proj8¢t werè published in the 2024 West Coast Pollinator mc*)itoring report. 240ha of grassland was surveyed across 103 sites. 30 grassland restoration plans and 27 grassland management ￿anS were produced. 11 pealland areas covering 2033.5ha wwe surveyed and restoration Wan5 produced. We successfvlly secured fvnding lor a Cumbria Rare Plants pr￿e¢t and slarted to develop a new Water Vole Species Recovery project. A Horticutture Conservabon Officerwas reGruf(ed to work on the Cumbria Seed Bank at Gosling Sike which now has cold storage and equipment to test seed health. lo develop the pmjecl PApelin& and ensu continiiity of incomè generation to implemgnl th8 nAltJre rncovery nE+Iwo Undert8keP&atl8nd moniloringpryrBmffle Mlh the h8lp olvolunl8eryJ DglNer a signif￿all1 numb&r of n9wpr0j￿ES going live this ye8r, including.. • Cumbna Ram Plants Seagrass r&stor81ion . Red Sq(11￿1 R￿Vtrry Nelwoth (wjth Red Soiiitsel$ North&m England) Expansion oflhe Gosling Sike p18ni nutsery Delivergrnsslgnd and pollinaÈorhabitat r9Storntion 8ndevents programme includirjg Planling lor Polliiialors- Edeij. Soulh Lakes antl KenL181. F8mAng in Pmtect&d Lgndscapa$ and Nelion61 Highways Rosds Va￿&S pn)iects Continue lo build a pipeline or spade ready pealland and grass19nd￿StO1&l10n srfes tjy C8nying out suTheys and ptsparing storalion/moniloringpl8ns Employ a Dev&lopm&nl M8nègerlo eng8oe key stakeholdets and infiugncefrs to dnv8 landscape-scale nature recovery along Ihe Hadiiaij's Wall coryidor Devel(p a pmiect pipeline for more NatuTr Based Solutions on Land aiidat Sea We h&v8 p18ns to support n8w LandseBP6 Recovery pmj8cls and associated lunding bids such as in Ihe Solway Nalional Landscape and other localions if the scheme is ￿-opened by the Govemment Sustain Inv0￿Ment wilh partnets acrt)ss a rang6 of SpeC￿s, delivercunBnt projects and develop lunthrKd fOrnewp￿Fc£s.' raTr planls, Seed bank, Q￿hKts, pollinal Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 standing up for Wildlile through conserving habiiats and species and securing living seas Icontinuedl Whit we planned to do in ¢h• y•ar Some of the things we did in the year What we plan to do in the n•xt y•ar Ftjrtherdevelop Cumbria 'Idlife Consultingby in¢￿a$Ing¢apaCjtyand developing a programme or contraGt wo The Trust gained Responsitle Bcyjy stabjs from Defra and the UK Govemment to manage COnSe￿allOn Covenants with agreement ￿ders. Significant changes C￿cu￿ed this year, with the structure and approach of the consuttancy now under review lo reflect and engage with new opportunities providèd for nature recovery by areas such a Conservation Covenants and Biodiversty Net Gain. Offer an inlegrated Green Finance and Conservalion Covenanls and support Biocliversity Nel related aclivity- And develop t)urextemal client base lurther Deliveranddevelop Marine advocacyacross Ihe North Wesl Wildlife Twsls 18ad 8 coII&Gliv& WO￿ programm8 through the Insh Sea Network Promole an Irish Se8 Nelwoth r&port ror Marine Spgliolplanne We continued to lead the Irish Sea NeNvork. cornposed ol the 6 drfferent atjministrations with an Irish Sea coast Iscolland. England. Wales. Isle of Man. Northem Irelarbd. and Republic of I￿land) ea¢h their Lwrfn poli¢ies. laws. and positions on the mann¢ *nvironm•nl. Plan$ to continue the network post 2025 when current funding ends are being developed. An inaugural Irish Sea Day held 10 events across the 6 nations and engaged 1.200 pewe.. 450 people attended Cumbria's SeaFtrst. vthi¢h offered 17 differtrnt marins-Ih&med a¢tivrtie$. secu￿ further funding for th& Irish Se8 Nelwoftk 8nd our8dvoc8Cy Wort¢ Conlinue lo develop gnd deliv8rour Seagrass Restoralion pn)iect Develop a volunt￿rg￿lIp lo support the Se8grass projecl Engag6 With Allonby Bay HPMA, rniso awareness and Secu￿ fuiidiiig loran engagementofficer Del￿er engagement wo 8&y around the Allonby Hwhly Pml&cl&d Marine Ar98 Wè èngaged with partnèrs in¢luding the Marine Mana9erneni Orgonisalion. Natural England. North ￿$t￿M Insho￿ Fi$h¢rie$ and Conservation Authorrty. Solway National Landscapes. and the Sdway Firth Partnership. We were awarded a £250K grant trom the National Lottery Herilage Fund for an Allonby Bay Engagernent Officer12.$ year p05tl. Funding was secured for further seagr8S3 scoping work. plus £290k from Our Future Coa$1 lof a 2-y*ar Seagrass Project Officèr post. In thè autumn we ￿cked seagrass seeds for the first time on the beds in the Walney Channel,. over 5 days. wth the help of 17 volunteers, almost 20.000 owarf edgra55 Spathes (seed pods) were ollected.. The projecl won the NW Coasial Excellence Award for best practice. The Marine Intems successftjlly com￿eted their prograrnme and specia115t projects. Thèir work Included." a report on krtiwake nesb.ng on Offsho￿ wnd substatsons a feasibility study for seal tagging and a feasibility study on waler quality testing around the Walney Channel seagrass beds Our vc4unteer Marine Champions ran monthly Shoresearch and Seawatch surveys. Sgcur9 Mnding for8 divgrsg mariiie progr8mm&post March 2025 Focu$ on coasEo18d&ptation 8S the 8nticipal￿ Impacts of sea level rise and sto events become more appaKpnl. Deliv&r$e&gr8$5 ￿$10r$l10n In the Walney Gh8nn&l and scop& oth6r rnstotstion opportunities Coiilinue lo monitor cc)8s181 8nd m&nn& hgbit8t$ and s￿e￿S Supportlwo Marine interns delivera Malin& Ghampion volunteerl￿1￿1ng pn￿mMm￿ Addrnss disturfJanc& issuès at Ihe South Walney seal colony Conlinue lo delivertrainirjg 8nd engagemenl for volunle& Collabofftle with other manne intemship prcgtsmmes to ￿rUit forlhe next intake Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Inspiring People to value nature and leading the way on local wildlife conservation What we planned to do in Some of the things we did in the year What we plan to do in the the year next year Recwito decliG8tedEv&nts CooffElinatorand tlelivera comptphenswe programm& ofevents and ac11vit￿S in person aiid online On-line event listings and production of our What's On events guide continued to be deliverÈd by a deditsted officer in the Marketing team. We delivered 557 events throughoLrt tt)e year, with 3,271 bookings made by 1,558 people. The anning of our extensive events programme was Ccrordinaled by the Head of Markets"ng. We contsnued to deliver a succe&8ftJl sctial prescribing programme in Barrow. through The Bay project thank5 to funding from Cumbria Community Fund. Future funding 1$ being explored through a partnership bid to the National Lottery Hentage Fund for an Eamse Bay project. Funding lor an Allonby Bay engagement pr•ect was awarded in Febnjary 2025.. the focus is on the designation ol the UK'5 fir51 Highly Protected Marine Area and whal th15 means for the local community. Cany out 8 ￿VIeW orthe effectiveness ofourevgnls dAary and make 0mmendal￿nS for improvemenls to our annual events offer Continue lo deV￿0p our relalionshNp with Ihe tbvo LOoalAuthorit￿s." Engag8 itll local polilicians and deciS￿n- maket3 Considerhow we support devolution aiicl the work of a new GumlJri8 M8yor8nd Combin8dAuthonty, and ensu￿ Ihal nature ￿e0Very in Ctjmbria is on the agenda Continue lo delivernatuTr. b8sedheallh & wellbeing oulcomes Ihrough Th& 58y.' A Blugprinl forRecoveryin Samw A large partnership pmiect is pending al E&n?se Bay, Walney Iwilh N8luTrl England and Weslmortand 8nd Fum&s$) which will include 8 signifoanl community engagemgnt element Develop andgrow opportunities on the Wesl coast 8.9. E8mse Bay. Allonby 8gy. M8ryport Work was undertaken wth specific communibes and through our projects to support local people to take action lor nature where they live, and this has influenced our lulure approach to community organi*ng. Gompl&tèdèvelopm8nÈ wortr forCoastBI Ambass8dors in 58nDw Conlinue to d&lN&rn8luTr b8s&d health & wellbeing oulcomes Ihroiigh The Bay.. A Blu&prinl fJrRecovery Delivery of our NaluTr and You ycwth project on the wesl Coast ¢onbnued lo support young wop through Out￿-schOcI actsvibes to connect Mth our coastal 8nvimm&nt and také acts'on to protect it. Train volunl8ers as Commiinity Champions Explo￿ opportun11￿$ to engw yotjng pèoplè wilh an intgrnsl in nBturn and climal8 Focus on Youth 8ng8gemenl 8ndyoung volunteers We welccffted Ru￿and Horizons as our newest LcKal Support Group. An event was hdd in Febwary for local group5 to come 109elher io share su¢¢esges and challenge$. D&lNer the lasl sgason of funded'Time in Natufft, events forpeople willj demeiilia 811d Ilieir GaTrrs Continue tosupporttxir L(￿81 Groups 8ndhglp Ihem lo develop We appoinlewng the review of the Trust's Honorary role$. plans to support kèy adv￿21￿$ and to éngag6 wrth our Badgers Paw Award Holders are in progress. Gontinug twrt8sk ènd lini$h 9ft￿p approach to &xplonng ktry issues aml opportunitiès In August 2024, the Board agreed a framework for the new Advisory Netsvork. and identified the next Steps for Implernentstion. The nthork wll provide a po(A of expetb5e. skils and knowledge to call up( for'deep dive. task and finish work delegated by the Board, re￿aCIng the fomier conse￿ation and Developrnenl CoMM￿ee$. Implemenlproposals for Horn)rèry Office Develop a framework for engaging with our8dvisory n8hvo 12 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 All fundraising and member recruilmenl activrties were undertaken by Cumbria Wldlife TnJ5t Staff. The Tru51 is committed lo the fundraising code5 of prath.ce uphekj by the Fundiaising Regulator and our senior fundraising staff are members of the Institute ol Fundraising. Our aim is to build a long-temi ￿l*lonShip with our supporters. To protect vulnerable people from fundraising activities we limrt the number of appeals each year and the number of repealed asks lo the sarne people. We aKYays exclude children from appeals and have a robust contact preference system within our CRM in place that tskes in lo account the wishes ol individuals and concerned friends and relalives of vulnerable people. We have strong data prote¢tKJn polw in place and highty qualified experienced staff to protect the data held within our CRM systems. One complaint was received during the year con¢eming our fundraising acb"vib"e5, 8 member complained that they had received loo many requests for donations this year. This arose as every three years we ask if our members will consider voluntarily increasing their memkrship subscription. This appeal consists ol two email requests and one postal request. This appeal was five mnths after the Skiddaw Forest Appeal. We plan our fvndraising activities carefulty and a￿vayS eonsider the frequency of requests. Financial Ravièw The Trust's income for the year was £13,804,508 12023124.. £5,757,274). a reflection of the generDsIty ol our corporate donors and general public In support of the purchase and maintenance of the Trust's nature reserves. The significant increase in income this year was driven by £5.731.199 of grants and £1.970.571 of public donations and legacies for the purchase and ¢￿allon of a new nature reserve and fotesl projecl on Skiddaw. Underlying income, excluding that for Skiddaw, rose by 6.0%. Heritage assets have increased by £6.421,211. which reflects the acquisition of the nature reserve on Skiddaw and an additional piece of land al Foul$haw. Bellart How Moss. Cash and cash equivalents has increased by £1,581,618. driven largely by restricted Income relabng lo the creation ol the nature reserve on Skiddaw. Reslncted funds have Increased by £7,382.652, also largely relating lo Skiddaw. Much of our grant income is restricted lo asset purchases and expenditure on specific conservation activities lo be carried out in lulure years and is therefore hekl in the Trust's funds al 31 March 2025 to facilrtale conservation work in 2025126 and provide match bjnding for work that is not fully funded. Despite the economic instability in the UK, the Trust's aetsvities expanded. Totsl expenditure on ehantable acts"vities was 31% highèr than In 2023124 In brief, the comparative ￿SuttS of the two years a￿ as follows". Flnanclal hlghllghts 2024125 £'OODs 13,539 285 13,804 6.387 7A17 2023124 £'OOOs 5,184 573 5.757 4,999 758 Income exduding legaeies Legacies Total Incom• Less.. Total expenditure Net income before investment gains and losset (Lossesllgains on investments including revaluation ol investment propety Net movernent in funds Totsl funds blfwd Total funds at the year*nd 1291 7,388 11,565 18.9S3 1331 725 10,840 11,S65 13 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Gathering resources for the Trusys expanded activities and. in partKular, to fund the skilled staff who manage them, is a task that demands Considerable lime and expertise. Much of the fvnding is in the fom of grants from a combination of sources including charitable trusts. the National Lottery and govemment bodies such as Defra. Natural England and the Environment Agency. Wnere these sources prove insufficient, the balance Is supplied by voluntary Incorne such as legacies. donation5 and membership subscriptions. Despite ongoing concerns over economic decline, the year yielded another strong ￿rforManCe. Achievements against fundraising objectives set lor the year were as follows. Objective £'OOOs 776 699 250 Achievement É'0005 7e7 2.352 265 Membership subscriptions Donalions Legacies The lolal number ol Trust memberships increased by 3.8% in the year to 9,230 at 31 March 2025. At over £787,022 the unre51ricted Income contributed annually in the form of membership 5ubscriplions is e55enlial lo the Tru51's long-lerm financial stability. Maintsining good relations wth our members Is at the CO￿ of the Trust's ethos and Trust members demonstrate a life-long commitsnenl lo ourwork. Many donate generousty lo the Trust's work, either to support specific purposes or for use complelety at the Trust's discrelion. Such onewoff gifts underpinned a very encouraging level of donations in the year. Some members ren￿mber our work In their wills and have contributed significantly lo annual legacy Income which, although il is a Volats￿ source of funds, has averaged mtrre than £313.000 over the last len years. These soufees ol voluntary income don't just enable us lo do many things which would not olheThvise be possible bul are also vilal lo the Trust's long-term financial health. The Trust aims lor a long- term relationship with its SUPPDrters, takes a non•aggressive approach to fundraising and 1$ protective ol the data provided lo rt by each individual. FSnanclal Reserves Pollcy and Investrnent Performance The objective of the Trust's inv8Stm8nt policy is to avo￿ the erosion of its reserves by inflation and thereby increase the value of ils assets to make more lunds available to benefit wikllife. To this end, il inves15 funds for the longer term which are not needed lo meet short-lerm cash requirements and, In so doing. il will not knowingly Invest In enlilies whose activities may reasonabty be perceived lo be contrary lo the objects of the Trust. The Trust's investment portfolio is managed by CCLA as part ofthe COIF Charrties Investment Funds. The objective of those lunds is to produce a long4erm total return. before costs. of CPI plus so￿. CPIH for the year was 2.6Y.. Unfortunately, the actual performance showed 8 loss in investment mostly due lo unfavourable market conditions. Total return performance for the funds a￿ as following". COIF Investrnent Fund -1.98% COIF Ethical Fund -1.46% Overall, the Trusfs long-lerm investment ptsrtfolio. not Including the investment property. produced a loss of £29,275 during the year12023r24 - £76,842 nel surplus). Al 31 March 2025, the combined lotsl of the investment portfolio and Lunds Farm, the Trust's investment propèrty. was £1.283.912131 March 2024- £1,313.1871. 14 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Review of Financial Reserves The Trust's Financial Reserve Policy recognises the need for a free reserve which Is sufficient to manage the risks and fluclualing financial needs of the Trust and the irnportance ol this policy is cleady demonstrated by the level of UK inflation and the related Instsbility In the economy. The Trust Llefines Its free ￿serveS as Ihtsse which are readi available, thus excluding fixed assets. and not restn'cted or designated to particular purposes. The recommended target for this reseNe is reviewed annualty- At 31 March 2025 free reserves were £624.249 131 March 2024 £790,276), which the trustees consider is ￿eqUate. 2024125 £'OOOs 10,527 4,199 75 704 720 2,104 2023124 £'OOO$ 4,234 2,857 78 774 730 1,962 140 790 Restricted funds held as fixed assets, mainly nature reserves Restricted funds held as current assets Endowment funds Designated funds held as investments Designated funds held as current assets Unrestricted funds hekl as fixed assets l investments Unrestricted funds held as current assets Free reserves 624 Total funds al th• y•ar*nd 18,953 11,565 Reslrieled and designated funds held as fixed assets Iprimarily nature reserves and buildings) are expected to be retained by the Trust in order lo carry out its charitable objectives. Restricted funds that are held as current assets lend lo be received as"one-off donabons and legacies wilhoul any absolute reslriclion on their use. The Trugtees have designated them in accordance with the donors. general preferences and are expected to be expended as appropriate opportunities arise. In the case ol hjnds designated to the purchase of nature reserves il rAn be a number ol years before 5Ultable land becomes available. The economic uncertainties for 202S126 and teyond underfine the need lo safeguard financial resources that will be essential in future years. To this end. some amounts have been designaled lo provide for some of the future needs presented by Issues such as changes to agnwenvironrrEnt grant schemes, the Impact of ash di&back on the Trust's nature reserves and the importanee of being able to respond quiekly when thère are opportunibes lo protect additional areas ol wildlife habitsl. Further details of the restricted, designated and endowment fvnds are provided in notes 22 to 26 of the accounts. Rlsk Management and Fundamental Uncertainties The Senior Management Team and Audit & Resources Committee conducted an in4leplh Risk Management Review on behalf of the Board as part ol the annual planning and budgeting process and in line with Charity Commissign Guidance CC26.' Charilies and Risk Management. This was Ihen submitted to the Board for discussion and approval. Major risks to the organisalion were idenlified as.. Repuiation,. Safeguarding., Cyber Security., Inflation Iresuking In Increased costs, and potential impacts on donations due to the c05101 living crisi51, Fraud Dr error by staff or Iruslees, and loss of key staff (especially the CEOI. GDPR was escalated from a minor lo a moderate risk and a review of the types of data we hold on staff and volunteers. ané whether or not this meets the definition of "sensitive. data was flagged as a priority action for the 202&2026 financial year. A new risk was identified around Partnerships, linked to reputational risk and mainty around Green Finance where we might potentially be perceived as 'greenwashing', the integrity and long-term success of errErging inthalives and opportunrties remains uncertain at this stage. Systems and procedures in [￿ace to minimise or manage identffied risks were also evaluated as part of the review. Consideration of the risks to which the chanty is exposed is reviewed quarterly by Ihe Audit & Resources Committee and at each meeting of the Board of Trustees. 15 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, reviews of the adequacy of the Financial Reserve include considerab.on of the Trust's expected working capital requirements and significant risk5 to major income sour￿S including reductions In legacies. grants and donations or a major reduction in Trust membership. The Trustees are also wnscious of the Continuing uncertainties surrounding agri*nvironmenl grant schemes and are activety monitoring the siluab'on and any likely effects on the Trust's Income. OveNiew Despite ongoing economic uncertainties, Cumbna WThldlife Trust continues to grow and much has been achieved In 2024125. Much of the success Is due lo the generosity of members and olhei donors and lo the hard work and ingenuity ol staff and volunteers. The Trustees acknowledge the colwive effort required lo produce another productive year and congratulate the Chief Executsve and hts staff and many vc4unteers for this achievement. Strategic report The information above including Objects'ves and Actsvities. Main Achievements ol the year and Financial review foms the Strategic report for the purpose of the Companies Act 21)Ck3. Structure, Governance and Management Cumbria Wldlife Trust is a registered charity l¢harty number 2187111 inwrporaled as a company limited by 9uarantee Icornpany number 007241331 and governed by its Memorandum and Articles of Association. The Trust was formed in 1962 as the Lake District Naturalists. Trust and on local government revorganisalion in 1974 it changed ils name lo the Cumbri8 Naturalists, Trust. 11 changed Its name again in 1981 to the Cumbria Trust for Nature Conservation and finally, in 1989. lo Cumbria Wildlife Trust Limited. The Trust is govemed by o Board of Trustees. A Treasurer, a Secretary and the Chaits of the Trust's Conservation and Development Committees are appointed, a5 Trustee5, by the Board. Eight individual Trustee5 are elected by the Trust's members. The Board may ¢CtrOPt up lo two additional Iruslees. Following the ￿¢0MmendatIOnS from a governance review. the Board is planning lo evolve the Conservation and Devek)pmenl Committees into an Advisory network ol experts, lo enable Trust members lo participate more meaningfully In our governance.. the Trust's governing document will be revised accordingly. The ne￿Ork will consist of people close to the Trust. to undertake 'deep-dives' Into issues relerred by the Board. on a task and finish basis and should be CoMp￿ted next year. Two other Committees report direct￿ to the Board. the Au¢Jil & Resources Committee and the Health. Safety & Wellbeing Committee. The Board. which Meets al least six li￿$ a year. elects one of ils number as Chair. The Trustees have adopted the Charity Governance CoJe and are guided by its principles and recommended practice for good governance. The Chief ExeculNe is responsible to the Chair and attends and ￿pOrtS lo all meetings of the Board. The Board is responsible lor setb'ng the strategic direcb'on of the Trusl. particulady through the annual planning process, and lor approving various matters when they exceed set authority limits. Day-t￿daY management is de￿gated to the Chief Executive and, through him. to the Directors which in addition to the Chief Executive comprises the Director of Nature Recovery. Director of Development & Communty and Director of Finance & Resources. The Director5 a150 report regulady lo ￿levant committees of the Board. Together with the Trustees. the Chief Executive and Diredors are the Trust's key management personnal. The remuneration of the Chief Executhve and Directors is reviewed annually with reference to the annual rale of inflation and lo the remuneration of similar posts in other organisatsons. During the year, Cumbria Wldlife Trust Limrted had one subsidiary, Wildlife Cumbria Ltd, which has been dormant since 2003. Cumbria Wildlife Trust Environmental Body Cumbria Wildlife Trust is registered as an 'Environmentsl Body. wh￿h enables il to ￿Ceive and distribute funds made available by landfill operators through the landfill tax credit scheme. Ils income lor the year was £400,428 12023124- £15,718). 16 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Trustees The Trustees ol Cumbria Wldlife Twst (luring the year a￿ lisleil in the Legal and A(Iministrative Information al the beginning of this reporL Any member Df the Trust not disqualified by law or other regulation can become a TrLJStee and nominations for Individual Trustees are submitted to the Annual General Meeting IAGMI,. those elected serve a four-year term. The Trust operates an eighl-year rule for both Appointed and Individual Trustees. Individual Trustees are eligible lo serve for ¢onseculive four-year terms before they musl sland down. The Board of Trustees has discretion to extend the term ol the Chair or any Appointed Trustee by up lo four additional years. The eight-year rule results in a regular tumover of Trustees and an ongoing process of re•Vitalisalion with new blood. 11 is rare for there lo be a contested election al the AGM and the normal procedure is lo carry out a regular skills audit ol TIu51ee5 in order to identify skills gaps which rnay arise from Trustee resignations or from operation ol Ihe eight-year rule. Vacancies for Individual Trustees are often filled inilially by the co-option of suitably skilled candidates who are then eligible for eleth'on at the following AGM. Most new Trustees are longstanding Trust rrEmbers ar￿ &ts"ve volunteers with proven understanding ol the purpose ol the organisalion. A formal induction process is Undertaken by new Trustees who are provided with reference materials which include Charity Commission guidance. Quartetly activity reports are provided by staff lo the Trustees and Board meelings Include regular briefings by speaalisl Stsff on their specific area$ of activity- Other ongoing training needs are mel as they are Identified. Cumbrla Wildlife Trust's Pollcles The Board ol Trustees has estsblished a suite of policy sl*ments. These include slralegic polic￿$ such as Nature Reserve Acquisition, Volunteering. Safeguarding and Financial Reserves. and operational policies, for example, Equal Opportunities, Equality, Diversity and Inclusion. Health and Safety. and Ethical Fundraising. Policies are updated on a three or Iiv&year basis anLI new policies are added when necessary. In the Interests ol openness, policies are available lo members and the pvblK on request. Assoclatod OrganlsatOon8 Cumbria Wildlife Trust is an Independent autonomous charity. Each county In England and Wales, or in some instances a group of counties, has a similar charty which. together with sister Charities in Scotland and Northem I￿land, come together to form The Royal s￿Iety of Wildlife Trusts IRS￿1. known collectively as 'The Wildlife Trusts,. As an autonomous umbrella charity established to conserve nature nationally and support individual W'ldlife Trusts, Rsv￿ represents the individual Wildlife Trusts on a national basis and employs staff with national responsibilities. The individual Wildlife Trusts work together Lx)Ih nalionalty and wionally to benefit wildlrfe although each Trust retains ils independence and autonomy. The three Wlldlife Trusts in the northwest region.. Cumbria. Lancashire and Cheshire, work logether on a small number ol projecis as'The North Wesl W'ldlife Trusts,. in partnership but not as a legal entity. Seven northern Trusts also meet together to discuss mutual benefit and collaborab'on. The Tru51 also works with a large number of other organisats.ons in pursuing its aims and objectives and many of the Trust's Conservation projects are operated as partnerships. Parts)erships wlh local aulhorilies. stslutory agencies and other voluntary bodies are a hallmark ol the Tnjst's way ol working. The Twstacts as the lead partner in both Ihe Cumbria Local Nature Partnership and the Cumbria Peat Partnership. 17 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees, Responsibilities The Trustees Iwho are also directors of Cumbria Wildlrfe Trust for the purposes of Company lawl a￿ responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practicel. Company law requires the TTU5tees lo prepare financial stslements for each financial year which give a true and lair view of the stale of affairs ol the charitable company anLI the group anLI of the Incoming ￿sOUrceS and application of resources. induding the income and expendrture, of the chantable group for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then appty them consistenlly., make judgments and eslimales that a￿ reasonable and prudent", prepare the financial slalemenls on the going concern basis Un￿5$ il is inappropriate to assume that the charitsble company will ¢ontsnue in operation state whether applicable accounling standards have been followed, subject to any material departures disclosed and explained in the financial statements bl dl The Trustees are responsible for keeping proper accounting records which discbse with reasonable accuracy at any lime the financial position of the charitable company and group and enable them lo ensure Ihal the financial statements comply with the Companies Act 2006. The Truslees are also responsible for safeguarding the assets ol the charitable Company and the group and lor ensuring their proper application under charity law and hence for taking reasonable steps for the prevention and deleth'on of fraud or other irregularities. So far as 8ach ol the Trustees is aware at Ihe time the report 1$ approved. there is no relevant audit infomialion ol which the Charity's auditor is unaware. and the Trustees have taken all steps that they ought lo have taken to make themselves aware ol any relevant audit information and lo establish that the auditor Is awace of that Information. bl Auditor The Auditor, Saffery LLP, were appointed in the year and wil be proposed for reappointment in aceordanee with Section 485 01 the Companies Act 2006. Approved by the Trustees on 2 Octot*r 2025. Signed on behalf of the Trustees FlE4E04￿4 34 Philip Byle Registered Offi￿.. Plumgarths Crook Road Kendal Cumbria LA8 8LX 18 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED AUDITOR'S REPORT CUMBRIA WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Opinion We have audited the financial statements of Cumbna W￿life Trusl Ithe 'parent chantable company'l and its subsidiary Ithe'group'l for the year ended 31 March 2025 which comprise the Con501idaled 5ts1ernent of financial a¢livilies. Consolidated balance sheet, and Consolidated cash kn statement and notes to the financial stat8mènts, including significant ac¢ountsng policies. The financial reporting fraM￿ork that has beèn applied in their preparation is applicable and United Kingdom Accounting Standards, including Financial Repcirting Standard 102, the Financial Reporting Standard appI￿able in the UK and Republic of IreLand Iuniled Kingdorn Generally Accepted Accounting Praclicel. In our opinion the finanual statements". give a true and tsir view of the siale of the affairs of the group and the parent charitable company as al 31 March 2025 and ol Ihe group's incoming resources and application of resources. including its income and expenditure, for the year then ended.. have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Prath'ce,. and have been prepared in accordance with the requirements of the Companies Ael 2006. Ba31s for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are fijrther descnbed In the Auditor's responsibilities lor the audit ol the financial slalemenls section of our reporL We are Independent ol the group and parent charitable company in accordance with the ethical requ1￿MentS that are relevant lo our audit of the financial statements in the UK, including the FRC'S EthiGg1 Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihat the audit evidence we have obtained is $uffi¢ienl and appropriatelg provide basis for our opinion. Conclusions relating to going concern In auditing the financial stalemenls, we have conduded Ihal the truslees. use of the going concern basis of accounting In the preparation ol the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individualty or Co1￿Ctive1y. may cast signifirant doubl on the group or the parenl charitable company's ability to continue as a going concem for a period of at kast ￿efve months trom when the financial slalemenls are authorised for Issue. Our responsibilities and the responsibilities of the trustees wth respect to going concern are described in the relevant $e¢lion$ of this report Other Infomiafjon The other information comprises the information included in the annual report. other than the financial stslements and our auditrjr's report thereon. The trustees are responsible for the other inlomiation. Our opinion on the rinancial statements does not cover the other Information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclu5iOll thereon. Our responsibility is to lead the other information and, in doing so, consider whether the other infom)alion is materially inconsistent with the financial slalemenls or our knowledge obtsined in the course ol the audrt or olhetwise appears lo be materially misstsled. If we identity such material inconsistenues or apparenl material missiatemenb. we are required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perforrned, we conclude that there 15 8 material misststement of this other information", we are required lo report that lacL 19 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED AUDITOR'S REPORT CUMBRIA WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025 We have nothing to report in this regard. Other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit the information given in the Trustees, Annual Report which includes Ihe Directors, Report and the Strategic Report for Ihe financial year for which the financial statements are prepared is consistent with the fi'nancial slatemenls., and the Trustees, Annual Report whith includes the Directors, ReFJ)rt and the Strategic Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the kn¢)wledge and underslanding of the group and the parent Charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report and Strategic Report. We have nothing lo report in respect of the following matters where the Companies Act 2006 require us lo report to you if, in our opinion.. adequate accounting records have not been kept by the parent charitable company, or retums adequate for our audit have not been received from branches not visrted by u5., or the parent charitable company financial statements a￿ not in agreement with the accounts'ng records and returns., or certain disdosures of Injslees. remuneration specified by law are not made,. or we have not recewed all the infomwtion and explanations we require for our autlit. R6sponsibilltles of trustees As explained more fully in the S¢alemenl of Trustees, Responsibilrties sel out on page 18, the trustees (who are also the directors of the parent charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being safisfied that they give a true and fair view, and for such Internal control as the Iruslees determine Is necessary to enable the preparation of the financial statements that are free from material misslalemenl, whether ijue lo fraud or error. In preparing the financial stslemenls, the trustees are responsible for assessing the group and the parent charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend lo liquidate the group or the parent Charitab￿ company or to cease operations, or have no realistic allemative bul lo do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditors under Ihe Companies Act 2006 and report in accordan￿ with regulations made under that Act Our obje¢tThies are lo obtain reasonable assuran¢e at)oul whether the group and Pa￿nt financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assuran￿, but Is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿ayS delect a material misstalernent when it exists. 20 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED AUDITOR'S REPORT CUMBRIA WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities. including fraud. are instances of non-complpnce with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The specific prC￿edureS lor this engagement and the extent to wh￿h these are capable of detecting irregularilie5, including fraud are detaikd below. Identifying and assessing risks related to ir￿guI?rI1￿s". We assessed the susceptibility of the group and parent charitsb￿ company's financial statements to material misstatement and how fraud might occur, including through discussions with the trustees. discussions within our audit team planning meeting, updating our record of Inlemal contro15 and ensuring these controls operated as intended. We evalualeij possible incentives and opFK)rtunib"es lor fraudulent manipulation of the fi'nancial slalemenls. We identified laws and regulations that a￿ of significance in the context of the group and pa￿nI charitable company by discussions with truslee$ and updating OLbr understanding ol the ￿tOr In which the group and parent charitable company operate. Laws and regulatsons ol direct significance in the cMleyt of the group and parent charitable company include The Companies Act 2006 and guidance issued by the Charity Commission for England and Wales. Audit response lo nsks Identsfied.. We considered the exlenl of compliance with these laws and regulations as part of our audit procedures on the related financial stslemenl items Including a review ol financial statement disclosures. We ￿vieWed the parent charitable company's records ol breaches of laws and re9ulalions. minutes ol meetings and correspondence with relevant authorities lo identify polenlial malerial misstaten*nis arising. We discussed the parent charitable company's policies and procedures for compliance with laws and regulations with members ol management responsible lor compliance. During the planning meeting wrth the audit team. the engagement partner drew attention lo the key areas which might involve non-complian¢e with laws and regulalions or fraud. We enquired of management whether they were aware ol any insiances of nonwcompliance wilh laws and regulations or knowledge ol any actual. suspected or alleged fraud. We oddressed the risk of fraud through rnanagernenl override of controls by testing thè appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making a¢￿untIng estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional sceplicism and thus the capacity lo Identify nOn•compl￿nce with laws and re9ulalions and fraud. There are inherent limitations in the audit prctedures described above and the fvrther removed non-complian with laws and regulalions is from the events and tTansaclions reflected in the financial statements, the less likely we would become aware ol it. Also, the risk of not detecting a material misstatement due lo fraud is higher than the risk of not detecting one resulting from error. a5 fraud may involve deliberate concealment by. for example, forgery or intentional misrep￿senlatlon$. or Ihcough collusion. A further descripb'on DI our responsibililies is available on Ihe Financial Reporting Council's website at.. www.lrc.or .ukJauditorsres onsibilities. This description forrns part of our auditor's report. 21 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED AUDITOR'S REPORT CUMBRIA WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Use of our report This report is made solely lo the parent charitable company's members. as a tK¥dy. in a¢cordan¢e with Chapter 3 of Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might state to th8 parent charitable company s members those matters we are required lo state lo them in an auditor's report and for no other purpose. To the fvllesl exlenl permitted by law. we do not accept or assume responsibility lo anyone other than the parent charitable company and the parent ¢hantsble company's members as a body, for our audit work. for this report. or for the opinions we have f¢ymed. 05 December 2025 Sally Appleton (Senior Slalutory Auditor) for and on behalf of Saffery LLP 10 Wellinglon Place Leeds LS14AP Slalulory Auditors Dale.. Saffery LLP is eligible to act as an audrtor in tems of section 1212 of the Companies Act 2006. Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Reststed Totsl 2024 Un[estr￿led RestyiGted Endown*nt fund& fun fund8 Total 2025 Income and endowrnpnts frorn= CharitaNe a￿￿1t￿S DDnatiorts, ￿gat*S & otl*r Ntkntary incotn8 Ot￿r Ir8diro actMtI8s In¥eslrrerft5 937.110 11.377.4C6 12 314,516 4.￿8,598 1,072.602 149.153 1.221,755 1.483,962 75,819 178.C62 11.512 75,819 180,386 12,032 71,010 105,270 8,034 2.324 Ot￿( 520 Total Income and endowTMnts 2,275.105 11.527,079 2.324 13 804,508 5.757,274 EM￿nd￿￿￿O On: charit8￿e actiwt 1.9TI.209 517.498 3.728.437 163.9 5,705,646 681,468 4.343,436 $55,304 Tot*1 4X￿nd￿N 2.494.697 3.892.417 6387,114 4,998,740 ￿￿1110$Se5)Igalrffj cn in¥*5trr*rtB Net lexpenditurellincomo 16 126.1791 1245.7711 13,Ml 17721 129,2751 7,388,119 133,1581 725,376 7.634,662 TfaMl¢rs b&lw8en furvjs Net m0ver￿nt in funth 22to25 2.324 1243.4471 12.3241 13.ml 7.634.W2 7,388,119 725,376 R8¢on¢iliatlon ol lund8: Total broL¥M forward 4.3>3.C63 7.091,359 77,984 11.585,4C6 10.840,030 Tothl funds c•rrlod lov￿rd 4.1S2.616 14.726.021 74.e88 18.9S3,525 11.S65,4C The statement of finanual activities contains all gains and losses for the year and all activrties relate to continuing operations. The profit for the purposes of the Companies Aci 20(￿ is the net incoming resources before unrealised losseslgains. Tha notes ￿ pages 26 to 46 fomi part of Ihèsa finanaal siatèmants. 23 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 Group Trust 2026 Restated 2024 20 Re5tstsd 2024 Flxod a888ts: TaTrJible assets Herrtage assets Investmrrts 12 1.542,675 10.578,498 1.283,912 1.572,243 4.157,424 1.313,187 1,542,675 10,578,498 1,284,012 1,572,243 4,157,424 1,313,287 13to15 16 Total Ilxed assets 13.405,085 7.042,854 13,405,185 7,042,954 Curr8Tht a8¥ets'. St(￿k 6.095 7.754 6,095 2,150,502 3,936,707 689,097 6,782,401 7,754 2,117,383 1,823,159 1,220,890 5,169,186 C*bttys Inve$tmrt$ Ilerm depo$itsl Cash at barlf a￿1 in ha Totsl curr8Tht 8880ts 17 2.150,502 3.936,707 689,097 6.782,401 2.117,383 1.823.159 1.220.89) 5.189,186 Llablutkn.. Creditors.. Am￿8 f811irg dL* within ￿ year 18 11.233,*11 1637,8841 11,234,C611 1637,9841 N•t ¢urr•nt amets 5.518,440 4.531,302 S,548,340 4,531,202 Credllors Am¢xrl$ falliry d￿ after year 19 18.7501 18,7501 Tot41 net *M•t• 18.#S3.525 11.565 4c6 18.953,525 11,585,406 The lund8 of the charhy Gereral fu￿9 E*$&roied lurt$ GeTEral wreslri¢ted I￿¥J9 Fixed 855el fum15 1.022,624 1.424, 134 2.446,758 1.705,858 14.726,021 74,888 1.175,837 1.504.168 1,022,624 1,424,134 2,446,758 1,705,858 14,726,021 74,888 1,175,837 1,504,168 2,680,005 1,716,058 7,091,359 77,984 2.680.(K)5 1.716,058 7.091.359 77.984 Restr￿ed furKJs ErdowrrtDt fu￿5 24 Totsi ¢h•rbty funds 18.953,525 11.565.4( 18,953,525 11,565,406 Thè financial statements and thè notes on pag&s 26 to 46 warè approved an¢J authorisè(l fr)r issuè by tha Trust8•s on 2 October 2025 and are signeil on Iheir behalf by". ¢2FS9O9JEè￿EF David Sharrod Chair 7AE4EOItU93429 Philip Byle Tceasurer The nottrs on page$ 26 to 46 fomi part 0fth￿ financial statements. 24 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash (lo￿ from operatkng actwil*5: p*t IrrrKfiellexpendrturel for reptytirg perK)d las per the statement of fir0￿la1 actMt￿l Adjusttn8nls for". Depr8cbiKJn charg88 IGairtslllo8$8g on ￿*$Imen Dmderfs, irteresl 8ThJ rerts from irrtsthxrrts Lossllprofill on Sa￿ of ti¥Ed assets IlrKreaselldecrea¥e In stoths {lrtrea$triidecrea$e in dBbtors I￿[Base1￿￿eL¥ea￿el in creditor$ C4sh pro¥idad byl{LwJ Inl operatlw 8CI 7.388.119 725,376 121.827 103,278 29,275 33,158 1180.3861 12.8501 1.859 133.1191 587.327 7.911,852 1105,2701 1206,6621 297,812 847,692 C••h Irom Inv••tlng i¢¢W•= D￿lder￿¥, Inte￿5¢ rert$ from iw9￿nt5 Proceeds from the Sa￿ of propBrty. pfart eqwmrt Pureha$e of prtspBrty. ard equpmnt PL¥C￿Se of ￿rItage as881s N•t ¢••h provkl*d bylluM41 Inl Inv••tlng •ctt¥th• 180.386 2.850 192.2591 16 421.0741 16.330.097> 105,270 1152,9751 155,0431 1102,7481 Change In cajh and caih •qufvahnts In t￿ y••r'. Cash ard ush eqwSBnts al besirwry ol ye•r Ca8h and ¢a8h •qufvalonts at th• of th• y••i 3 D44.049 4.625.804 2.299,105 3.044,049 ¢a•h ant1 cash equfvahnts ¢onyrlJ• th• folh)*lnq.' At th• •nd ol th• y••r'. Cash in ha￿1 e deposrts (les8 1 year) Total Gash and Gash equfvi12nts at thè •hd ol tho y•ar 889.097 3.936.707 1,220,890 1.823,159 3.044,049 4.625.804 At the beglnnlng of th• y••r'. C8$h in deposilylkss Ihfin 1 ye#rl Total cash and cash •quN•l•nts al th• of th• y•ar 1.220.890 1.823.159 $35,042 1.664,063 2.299,105 3.044.049 Not• to tho Cash Flow Stst•m•nt: of changm In n•t d•bt Not)-catsh changes 31 March 2025 2024 Cash and cash e9uiwaknnts Cash 1.220.8 1.823.159 3.044.049 1531.793 2.113.548 1,581.755 689,097 3.936,707 4.625,804 Cash 8qi1Ya￿nl8 Borrowy 3.¢M4.049 1.581,755 4.S25,804 The notès on pages 26 to 46 fomi part ofthèse financi81 statèments. 25 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Cumbria Wldlife Trust is a private charrtable company limited by guarantee. Further infomalion is included on page 1. Basis of Accounting The financial slalemenls have been p￿pared under the historical cost convention. with the exception of fixed asset investments which are value(l at their market value al the balance sheet date. The h'nancial statements have been prepared in accordance with the Siatement ol Recommended Practice 2015 'Accounling and Reporting by Charities- {Revised October 20191, the Companies Act 2006 and Financial Reporting Standard 102 IFRS1021. The Trustees consider the charity to be a public benefit entity. Going concern Liquidity, membership numbers and cost inflation have a significant impact on the Trust's operations. However, the Trust has significant reserves to mrtigale any potential drop in Income streams. The Trust meets its ordinary Wofking capital reqU1￿MentS through its free reserves the level ol which is reviewed at least annually lo account for identified risks and working caprtal requirements which are assessed according to annual budgets, forecasts and changes as they occur. At the year*nd, the Trust's free reserves were £624.249, which wa5 considered lo be adequate by the Trustees. Having regard lo the atrme, the Trustees believe rt is appropnale lo adopt the going concem basis of a￿oUntIng in preparing Ihe financial Statements. Basis of Consolldatlon These financial slalemenls consolidate the resulis ol the charity and its wholly-owned subsidiary Wildlife Cumbria Limited on a line-by-line basis. They also include, on a lin&by4ine basis. the results of the Trust's Support groups and aff11iate groups, as detailed in note 28. A separate Statement ol Financial Aclivilies, or income and expenditure account, has not been prepared lor the charity Itself as permitted by section 408 of the Companies Act 2006. Fund Accounting Cumbria Wildlife Trust's accounts are an amalgamation ofover one hundred individual fijnds. These divide into legally dislincl categories whKh are defined as follows. Unrgstricled Funds Unrestricled or general funds are expendable al the disuetion of the Trustees in furtherance of the objects of the charity. Designated Funds Designated funds have been sel aside oul of unrestrithd funds and are designated by the Tnjstees for specific purposes. Reslncted Funds Reslricled funds are funds. subject to specthc trusts or conditions. which are declared or made by the donor, or with the authority of the donor le.g. an appeal). Detsils ol the funds are given in note 23 19 the accounts. Endowment Funds Endowment funds are capital lunds which the Trust is legalty prevented from spending and musl relain intsct as part of the Trust's capitsl. These endowment funds are held in fixed asset investments and Interest￿earIng bank accounts to provmle income for the Trust's activilies. 26 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued Incoming Resources Lrfe and annual membership subscriptions are included in tull in the period they are received. Reslricled income is included in the reStr￿le{l income and ex￿nditUre account when the Trust is enlilled lo the income. Where the donor requires the sum lo be invested to proV￿e income for the Trust's purposes, it is treated as an endowment gift. Endowmen15 are credrted lo income when receivable. Donations under Gift Aid, toJether with the asswated income tax recovery. are recognised as income when the donation is made. Each legacy and bequest enlillemenl is recojnised 85 an incoming resource once a reasonably reliable ests'male of ils value can be ma(Je and when il is reasonabty certain of ultimate receipt. Grants re￿1vable for athf(ies are credited to In￿Me upon entitlement. Incoming resources In the form of donated assets (other than cashl are included in income al market value and. where appropriaie. they are capitalised Incomg from the Trust's lottery 1$ recognised in the accounting period to which it relates. Contract income is earned from the provision of services to other organisalions and Is recognised in the year in which it is earned rather than when il is received. Ca$h in transf( is included as income where il was in the posl or wa$ being transferred lo the Trust'$ bank aeeounl al the year end. Deferred Income Where ineome is received in advanc* of the period to which It relates, that income is rec¢gnised on the balance sheet as deferred ineome until such tsme as it is reeeivable. Resources Expended All expenditure is ae¢ounled for on an accruals basis and has been included under expènse Catègories that aggregate all costs for allocatson lo aclivilies. Where eosls cannot be directly attributed lo particular athvilies. they have been althale(l ￿ a basts consistent wlh the use of the ￿SourCes. Cost of raising funds comprises the cosls associated wilh attracting voluntary income and the costs of other Income generation. Charitable expendrture comprises dI￿¢t expenditure induding direct staff costs attributable lo the Charity's acty'vilies. Where costs cannot be dire¢dy attributed. they have been allocated lo activities on a basis consistent with the use of resources as detailed below. Governance costs include those costs incurred in the govemance of the Charity's assets and are associated with conslilutional anij statutory requirements. Support costs include the central functions and have been allocaled to ath'vity cost categories on the basis of staff numbers. 27 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued Pensions The company operates a defined c4)ntribut￿n pension scheme. The assets of the scheme are held separatèly from those of the charity. Costs of providing pensions are charged to the Income and Expenditure Account in the pefiod In wh￿h contn'buts'ons are made. in accordan￿ with FRSI02. Fixed Assets and Depreciation Depreciation is not provided on freehold an¢J long leasehokl land or L3nd aCqUi￿d by the Trust for nature resetves. Nature reserves are considered to be heritage assets. Long leasehold is considered to have a uselul lrfe of more than 50 yea￿. DeprKiab'on is provided on all tangible fixe(l assets, other than land and nature reserves, al rates calculated lo write off the cost or fair value less estimated residual value of each asset over its expected useful life as follows". Freehokl Buildings Computer Equipment Plant & Equipment Motor Vehicles 2% to 5% per annum slraighl line 33Vo per annum straighl line 20% per annum straight line 250A per annum slraighl line Freehokj buildings are depreciated lo write d¢)wn the costless estimaled residual value over the remaining useful life in equal annual instalments. Intsngible fixed assets a￿ amortised at rates calculala(J to write off the cost or fair valuè of each asset over ils expected useful life as follows.. Computer Softsvare 20% per annum straight line Donated assets. other than nature reserves. are included al lair value at the date ol acquisibon. 11 Is the policy oflhe Trustees lo expense minoraddib.ons lo fixed assets, defined as those costing less than £2,000, in the year in whi¢h ihey are incurred. Heritage Assets The nature reserves held by the Tnjst for the furtherance of its charitable activities are disdosed as heritagg assets within the balance sheet. Nature reserves acquired before 1990 were not capitalised at the time of acquisition. They were capitalised In 2010 and were recognised at market value ascertained by the Trustee5 Wlth reference lo agricukural land values at that tsrr*. Nature reserves that have been acquired since have b￿n recognised at cost where the Trust has purchased the asset or the markel value at the date the asset was gifted to the Trust. The Trust'5 management policy in respect of its heritsge assets is 5umrnari5ed in Note 15. The costs of maintaining the heritage assets are expensed through the Stslemenl ol Financial Activities as incurred, as part ol the Trust's charitable aclivilies. Further Information on herrtage assets 15 gwen in Notes 13, 14. 15 and 3110 the accounts. 28 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued Investments Fixed asset investments are staled al their market value al the balance Sheet dale wth any gain or loss on revaluation being re¢ognised in the Slalement of Financial A¢livilies in the period. Current asset investments are deposits which, at the balance sheet date. are available al less than one year's nots'ce. The Trust's investment propety, Lunds Farm, is stated at fair value as determined by an external professional valuation. Financial Instruments The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. loans lo related part*s an(1 Investments in non-puttable ordinary shares. Judgments in applying accounting policies and key sources of estimation uncertainty The company makes eslimales and assumptions conceming the future. The resulting accounting ests'males will. by deliniknon, seldom equal the related actual results. The estimates and assumplions that have a significant risk of Causing a material adjustment io the carrying amounts of assols and liabilities within the next financial year are addressed below. Useful e¢onomi¢ lives of tangible and intangible a$$ets The annual depreciation charge for tangible and intangible assets is sensitive lo changes in the estimated useful economie lives and residual values of the assets. The usefijl eeonomie lives and residual valuès are r￿Ssessed annually. They a￿ amended when necessary lo reflect current eslimales. based on technological advancement, future inveslmenls. economic ulilisalion and the physical condition ol the assets. The Trustees do not consider that enhancements lo nature reserves made lor the purpose of improving their conservation value, or for ease of access, increase their economic value and they are therefore not capitalised. See note 12 for the carrying amount of the property plant and equipment, and the Fixed Assets anij Depreciation section labovel of this note for the usefijl economic lives for each class of assets. Prior Year adjustment A gift of land on 30th September 2021 to the value of £252,010 from Mrs Ann Clark was not ￿CogniSed in the accounts in the year ended 31 March 2022. which constilutes a ftjndamenlal error. The￿lDre, a prior year adjustment to the value of £252.010 Increasing both tangible fixed assets and restricted fixed asset funds is required. The prior year comparative figures have been restated to reflect this change. 29 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 I CONSOUDATED STATEMENT OF FINANCLOL ACTr¥ttES FOR THE PREVKIUS YEAR UnrestriGted RestrKted Endo*Thent Restated Tc+tsl 2024 fvnd$ lunds fvnd$ Income ar￿ ondowment8 from.. Charilabk aLIMtEs Donation5. kgacies & Ot￿r volunt8ry ir￿n Olf*r IradiryJ acIMt￿$ 1rwstff￿rts 1.103.e64 2.985.334 4,088,998 1.264.854 219.108 1,483,962 71.010 71,010 105,270 8,034 102.998 2.272 Olh8r Totsl income and endo*Th8nts 2.$50.( 3.204.942 2.272 5,757,274 Exp•ndrtur• on.. charitab￿ actMt*s 1.￿2.570 2.380,868 224.4C 4,343,436 655,304 Rawrg fu￿8 Total •xpendrtur• 2.393.474 2.805.266 4,998,740 Ng19arollloJse$l on irrtwtrwl$ 16 139.7741 6.816 133,1581 N?t1fi¢omell•xpgndrtur•l 116.812 599.676 8.888 725,378 Tr8nsf$ts L*lw8$n 22to25 2.272 12,2721 Net movement kn lund• 119.084 599.676 8.616 725,376 Re¢on¢iliation of fundi.. Tetal fLrds bro￿ht fO￿ard 4.276.979 6.491.683 71,368 10,840,030 Totsl funds ¢ath¢d forward 4.396.(￿3 7.091.359 77,984 11,565,4LK Tre $lalement of firorKi4 act￿￿￿$ Wla1￿ al gays aThJ bsses for tle year ar¥J al actmtes ￿￿te to continur¥J operat￿rts. piofrt for PLTposes of tl* Comparie$ Act 2tTh ts tlE ￿1 ITtLNllirnJ 0$ow￿$ before unrtalised losseslgains. Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARrrABLE ACTivrrES Year to 31 March 2025 Unrestrfctsd Restrlctsd grants gyants Landflll ts cred6t Income DonatM)ns Iher in¢orne 2025 Ir6pinT¥J peop Creabw wkjlife ha¥*rs StsrKliry LV fr)rwlJlife 385,837 5.479,166 2,878,661 8.743.664 27.575 2.085.076 80 722 2.193.373 428 400.000 2,422 43,789 400,383 446,594 416.262 8,533,818 3,364.436 12,314,516 525.787 4,670 530.457 400.428 Year to 31 March 2024 UnYe8trfcted Restrlctsd gTrnts grnnts Landflll tsx dltlncome Donal￿￿8 Other income 2024 Ir¢pinry wplg c￿&￿.￿4 vakllife havet SlaThJiro LP forwlJlitB 222.084 204.381 1,869,431 2,295.896 14.927 567.635 151.026 733.588 7,198 48,432 570,313 625,943 244,209 1,254.019 2,590.770 4,088.998 433.571 433,571 obo* gronts wÈre recei￿b￿ dunrg ts ￿Or aTrJ arty Lwrrt ba*r￿S ar¢ iwJJJod In debtor¥ or ￿$h in haThJ aTrJ at borl( a$ appropriate. GENERAL GRANTS. DONAnONS. LEGACIES ANO OTHER VOLUNTAR Y I4COAIE 2026 2024 Donations Legatye8 Otkergrants Membership xO$L*piio 158,882 265,109 11,899 786,C65 1,221,755 105.937 573.504 29.165 775.358 1,483.962 Mombernhlp Sub¥cr￿￿on• SLbscripllo￿ recei¥ed $wport $thm• 763,893 22,372 786,WS 750,508 24,850 775,358 OTHER TRADING ACTIVITES 2026 2024 Todiry irKome Lottery Income FurKlrdi$iTVJ e*n 58,917 16,￿2 49.949 18.588 2.473 71.010 75,819 INCOME FROM W4VESTMENTS 2025 2024 Irrtere￿ (Ji*ider￿$ 180,386 180,386 105.270 105.270 OTHER fr4COME 2025 2024 LocalsLPPOrtgroLPS IrtsLrarte daim Prafiton Sa￿ af a fi>Ed asset SLTrYry I￿oMe 7,068 1,650 2,850 7.271 763 8,034 12,D32 31 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 EXPEND￿uRE thfttie undortak•n Support co&ts d¥￿Ity Y8ar to 31 M*rch 2025 Totsl 2025 InspiriTV ppopk CrÈaliw wldlrf8 Sl8ThJIry LV for wilylrft Ekperxjiture on C￿ritalIe adi%itEs." 757.754 1,095.559 3,022.*9 4.875.882 224,905 205,234 399,625 829,764 982,659 1.300,793 3.422,194 5.705,646 EyperKlrture on ra￿ry fLnls 537.107 144,361 881,468 TOTNL EXPENWURE 5,412.989 974,125 6.387,114 Year to 31 March 2024 undortakon suP￿rt co6t• dweclty Totsl 2024 In8piriry peop GrealirE w*Jlifo howr* SlaThJir¥J w fer wibJlrfe EW0￿11Uro on ¢f•rrtat* aL#MIW. 616.439 787.704 2,1S1.173 3,555,316 205,011 202,683 380,426 788,120 821,450 990,387 2.531,599 4.343,4 Exp¥rditur• on r•Nry fu)J$ 50J,339 154,9S5 5,304 TOTNL EXPENWURE 4,055.655 943,085 4.998,740 s￿￿rt ¢osi$ aro •￿¢¥1¢d on b•$0 of tr* ruthr of tiro t4￿￿￿$ •rgW li e•th #¢￿￿ty. 32 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ExPEND￿URE l¢ontlnu8dl 2026 2024 A¢TMfiES UNtERTAKEN LXRECTLY Expenditure on charrIat￿e actNth# Persowel c051s Coniractors. [r￿ter￿L8 arKI eq￿r￿r Postage, IT Ot￿r office eosts Grants payabla PLbIicat￿r￿ ar£1 inForrnalh)n Evert5 Depr￿atKJn Ol￿r costs 2.332.083 2,338,042 29,656 40,9QKI 59,325 8,259 51,809 15,808 4.875,882 1.876,718 1.426,582 16,219 123,209 30,518 16,306 56,278 9,485 3.555,315 Expendltur8 on fund8 Tr8diry costs Men*ersW 5cPorr• co%¢$ Loitery costs FU￿ar8181r0 costs ,312 357,999 9,549 181,247 537.107 35D,398 10,685 139,257 500,340 Total cesl of actiwt*s wdertsken direct 5.412,989 4.055,655 MEMBERSHIP SCHEME COSTS P•r50rrnl c051s Mon*èr8W ONJ ot￿r Postage, IT aThJ ot￿r office costs Ebpreciat￿n ol￿r Gosls 215,OC 98,3fj2 14,018 7,591 23,022 357,999 210,712 65,858 45,061 1,285 27,502 350 398 SUPPORT COSTS Govoman¢8 ¢o•t• Perso￿1 c051$ ProfwJ8iwAI Irlemnty ir*w8rre ALbJrtor's rem￿ratIon OIPpr 9overr01¢e ¢usi$ $2.989 3,610 42,S84 3,507 14,754 4,741 65,S87 939 79.578 ot￿r ¥upport co¥t¥ Persorr¢l c0515 Property ewe Royal Soc*iy of ￿jIrfe TrLSt$ Postage, IT aThJ oth8r office co8t8 l￿Warre r*preaatK)n Ot￿[ co$ls 457,434 ,931 35.753 153,728 50,350 57.785 48,566 974 125 468,748 78,860 34,8 178,974 38,481 45,735 31,920 943 085 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 NUMBERS AND EMOLLIMEp¥fs OF STPFF Staff costs are broken down as folhJws." 2025 2024 Salar*È Employe¢s Nalpy*l Irwabxe Enyloy8¢s Par8YJn 2,527,176 233,187 230,897 2,991,260 2,223.177 191.657 192.950 2.607.784 TPe a￿rage rumber of errpbyees in tre year. a￿S￿a by fuKtvJn. was.. 2025 2024 Tol•l Fu*tMT* Tot•1 nurthr Full-tiry* ivalBnt actlvhkn.. Irkspriry ￿0p Crealiffj wikjlrfe hava Sl8ThJiro LP wthJll8 Raknlng ltsnd• Support 17 16 15 15 15 27 12 23 14 12 75 14 82 12 68 Orn nwrroer of Staff recowl er￿￿erts belween £70.¢￿ ar(1 £￿.(￿] 12023r24.' trel. Th lot81 r•TLTrrat￿￿ of the Ch*f Execthive ard three Chreclor5 ￿rk)d was £220.W12W23124. £232.1521. A stakeh￿￿￿ pemon wth Awva 4 8vél8t48 lo Tntst staff. Pens*Jn costs alncalad to 8CtMt*s aTrJ fuThl8 accordirq lo tke Wofk L*)Jartaken by each nwter of 8181f. 10. TRUSTEES. REMUNERATKIN. EXPENSES Atr￿ CKINATION5 Tl* total r¢mLrnrat￿n of t1* T￿1¢¢$ In IP¢ 101aW £rf(2O2￿4". tr11. Tr¥￿ ¥rO Io Tr￿109 lotalkd £161 I20￿4 £6331. OonaliorE from Tr￿1885 £3,02012tr23124 £r4). 11. RELATED PARTY TRANSACTDNS D8wd Sh8rrod, Chwr of Tr￿lee$ ef cul￿18 Wth Tr￿t, was Part￿ts￿l ti"redor of yothsh.re Da￿$ Mil￿nn1￿m Tru%t dLrriry tt* year bL* exerused ￿ eontr¢l o* IhÈ award of grarts to CLrt)na Trttsl. DJirYJ year e￿ed 31 March 2025, t￿¢ Tr￿1 reGeived ffr￿ Y¢yk5hre tbk5 Tr￿1 totalhrs £14 789 12023124 £17,964? a￿1 paKI £nl lo York5lire Dths milerri￿ Tr￿t(2023l24". £rdl. F￿rA Solrtfem Is 8 ￿"reCtOr of Carroc* LaTrtsc8pes Limited. ChJirrfJ tre year erthd 31 March 2025, Iha T￿t ware aThJ paK1 £2,500 lo Carrock Lardscapes Lmted 1202Y24 £7.UJOI. A nwr*er of ad￿sory rolE5 wth otlw IXA rt ts tlkt tlEse dtr ntst ptsse a (xjnnicl of Irrteresl arQ are tIErefore mt Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 12. FIXED ASSETS Group and Trust T•nglt4• a880ts asset8 I*0￿*1Y Vohk Total Softwaro At 1 April 2024 Additior sposaL8 At 31 M8rch 2025 1.497.027 578.7N) 55.707 187.W2 36.552 122,9761 2W.878 2.263,089 92,259 122,9761 2.332,372 33,522 1.497.027 834.467 33,522 0opro¢L9tlon At 1 +*)ril 2024 CIHrgè for its yaor cewècla1￿n ￿ dispc48b At 31 Mar¢h 2025 2CKI,839 25,589 395.898 94.1Cfd 31.$40 122.9761 102.873 890,846 121,827 122,9761 789,697 33,522 228,428 480. 33,522 N•t book ¥alu• At 31 March 2025 1.270,599 173.871 1.542,675 At 31 M8rch 2024 1.296.1e8 182.862 93.1WJ 1.572,243 Tke rot boc* Val￿ at 31 March 2025 repre8erts 868ets ￿ed lor.. T•nglLl• a8O0ts F*oporty Equ1￿ Vohkl•s Total Charitabh act￿tt lryiriroj peop CreglirvJ wildlife Stardir9 ￿ for wibJlrfe 15.393 85,301 73,543 158,844 67.W37 1C¢.636 G•noratlng funds FuThJralsir#J Memberthp 19.555 10. 21.SCg 29,623 21,509 51,132 19.S55 31.STT Headquart8YS 1.241.3 1.332,699 1.270,599 1n.871 1.542,675 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 13. HER￿AGE ASSETS Group ar￿ Trust Cost or Va￿al At 1 April 2ty24 Additiorts 4.157,424 6.421,074 ChsposaL8 At 31 March 2025 10.578,498 N•t book vak At 31 M8rch 2025 10.578,498 At 31 M8rch 2024 4.157,424 A pr￿r y&ar odiwtrY*nt of £252.010 r¢r•osrrfJ Ass¢ts • r•lb¢t•J Mi tF* abovo. 14. FfvE yE￿R FI4ANC14L SUMMIRY OF HERITAGE A8SET TRW4SACTK)NS Group Tru•t 2024 2023 2022 2021 dltion•: Purchase5 6.421.074 166.346 86,140 252,010 C¥Jnallo Tot¥1 6.421.074 166.346 340,150 Thre were r￿ dwrg year •Mled 31 March 202512023124. £rd) Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 15. FEIITAGE ASSETS ACQUIWK)N hwlAG&I￿ POLKY CLmbria Wkllrfe TrLSI owrs SO￿ of fI￿t Iwbitat$ In CLrthig ar¥J rrory of t￿se are of rwtK)nal artl ELKwean iry)ortaN*. Twenty of Trtst's r￿lUre ieser¥es ale $c￿￿ed as Srtes of SpecAd S(xentrfK Interest urM38f Wikjlife ard CoLrtryside Act. Si¥teen of tke TrLEts rAILre reseThfs are abo of irrterlHt￿Tk￿l ry0rt8r￿E teir¥J (Jesignated as Special Areas of Co￿er￿ll0n arKI fw of are atso Sp￿1 Protedth Areas arvyor Rawr sites. recent 120241 a¢qu$it￿n of Skiddaw Foiesl irueas8d acreag8 L￿8( ItÉ Trtsi's wAnag￿nI by a Ihid. sths8q￿rlfy Irueas8d IVÉ Val￿ of £ritage assets of IIE Tost to £10.fAn. Skwjdaw Forest 6 a tsrge. LplaThJ rTK)LXla￿j area wltre TrLtsI InierK*$ 10 re¢oaie missirYJ habrtals of nTr)ntarÉ aThl scrrt> aNI restore ￿rge [￿lIa￿l a￿s. Tl* Trntst mawes two of li￿st lirnestorE pa%EnEnts in EuropE 81 F*r¥Ey ReseThe ￿ ￿tbarr(W aryj al P￿tOn R￿f Crags. four of fi￿￿1 IcwlaThJ raised mi￿$ In Ewope ai r*Lrt)wgh Moss, FO￿l￿W Moss. Meaitw Moss arnl Moss irternaiioffjlty ryortant coastal srt8s at Sothh W￿r*, Eskftwl&. Rfx*{￿ff@ Marsh. Fhttrv￿ey FoL**y Isi•Tr1. Eycoll Hll Is both a Geobjical arKI Bid(KJical SSSI. It ty￿ kxzhty tIE Eycott VLkarKs Grow ar¥J ￿ ¥TWtart In Lw¥JersIar￿ry t￿ for[nat￿ll of ltr Laké [Js1r￿. Th8 wlatyl nires at Eycott arè ￿tK)nalty lrkyDrt￿rt aThl tertsKIèTed some of besi in cou*ry. Mary of t Trust's ot￿r re5en*s ar8 nalThaty ￿9[¥r￿an1 a5 C4nts Quarry. a fom*r limesto￿ quarry,. Orton Mo55, trkwton Reury M055, Burrs Beck M055 arvj M055 are al Irrwrtarf N￿sLarIj 5fle5. wolxl￿￿ arwj gra5slatKI al Stnardth are aL%o of national im8r881. Oll*r resews CA)rnain Inp)rt8rrt ol artiert wrKM1L•Th1 SLth 8S 81 B8rktKJoth, Grubbir6 Wood 8NI Brown Rebin, or flower grasskTrJ as al Bowber trknad Fm Lall8thrTOW Wartby Gre8nrb3gs. Tr Tr￿1 has for mary ye8rs rwated 8 del8*d P&lue Ar4USrtKYt PrAiy regdaty revknved 8nd W8ted. ThK% requires that Lgrd worNJsed for acqusrtKn by Plrclwse or to te accepted as a grft is rt58W of svJrrficant wihylrfe b8refrt or ertsrte$ wi￿116 be￿Irt from alffjady by ts Trnsi or prowdo$ a $ubstarrtial opportUAly for 'rM1￿rsrtY wlifl o*r L8rge ar888. Olfw n*tters laken Into acujul Irdtyje ac￿SS. ease of m8nagem&nt ard fLrtiro for I pw¢hase 01￿1 maropft*rt co$t$. Sc*rn of tF* Tr￿t'S exi%iiry reser￿ r￿1 wr8rt acquisition crileri8. Fthever, If*re L4 O presurtytion agairol dBposal of swh stss ?xw)I costs of ¢ontinwd esSert￿l Matwgen￿rn arg likety lo be Cor$￿erab￿ er tlw Tr￿t r￿4 Ilw ol Ilw trobJ5 rt cn a ka58 LY rnanageTrBnt agre8r￿￿t. or if il 15 abU￿artlY ckar thai its $rte hkety 10 tt(W)gi¢al 8rn1 irtegrrty. T￿ Trust'$ Wur¢ R¢ser¥w Mawenwrt tv*ar¢s martaiAr¥J a￿Or onhar¢iw fe8turg5 WJerrtif￿ a$ irrportant for wihylrfe. Trffj 8rtaiL5 k8epirg ￿l￿d818 rnarojmrt plars. wtich are i1rp￿rnert0d by specialist ytaff, ￿rnrary reserve$ ftwnogers aNJ ￿Unteers. ¥KI ffoThtonrs I￿ effeafftws of wuk carred LXA. VW*re 8ppropri&te. ftx)niiorirg arAiwt￿$ couttirg ts"r¢ pOp￿t￿. ar￿1 tran$￿ts aThJ assessir#J F4ar¢ pop￿91￿r￿. Tr* poly I￿￿8$ erthavoLflry lo ertswe Safe access to reSe￿*S fcr q￿81 erioyrrBni ed￿£t10na1 ￿ in accordarLe with T￿L￿t'S Reserve$ A¢￿$$ Polry wh¢h preswes in lawxr of open a￿$$ W￿re practtable. Ftyt￿r InfUYnwt￿n 1$ Corrtai￿ in Nolo 31 ard in th8 Tr￿t'S Nature Resems GuwJe, wfKa ￿ avaiLqt48 Irorn th8 regBt8rèJ off1￿. 37 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 16. FIXED ASSET INVESTMENTS knaty$i8 01 ￿¥08t￿*￿￿ at 31 March 2026 by ful￿. Group V8gtn*rrt Sub8idi•ry Imio8tm8llt PortloS0 Totsl Market valL* at 1 Apnl 2024 kl iry4EslnErrt g81￿1(￿5$esI Market valLE at 31 Marth 2025 510,CO) 803,187 129,2751 7n,912 671,897 1.313,187 129,2751 1.283,912 671,897 510.C Cost at 31 March 2￿25 Tru•t kn¥￿111¥￿t Property Suhidi)ry GarnpaniB InV￿t￿t Portlolo Tot•1 Market valw at 1 April 2024 l irwestrwnl ga1￿1(￿J550&I Market valw 8t 31 MarL* 2025 510.( 803,187 129,2751 773,912 671,897 1.313,287 129,2751 1.284,012 871,997 510.C 100 C05t at 31 Marth 2025 CkYir¥J 2016, TrL¥t W8s WLealfroJ a farn th)J8r wl of Fr8rtlaTrJ. Th farm, wh.ch 81 that liTr* was i￿Yep8￿errtty valwd at £325,CIJO on bas￿ t￿t ltsre was a srttry ienart, 18 Trjt co￿￿18r8d lo ststab￿ for as a nalLY8 reser¥e. 11 was t￿ated as an prcoerty 10 té W by th& Tr￿¢ it was M k)ro8r lenarrt&J. F￿low1￿ I d68lh of temrrt, I￿ farm wa8 10 £620.WO In 2021122. In 2023124. farm was on Il* m8rk&t for aNJ Tr￿1 off¢r$ r¥y of £510.QX- £5S0.¢X#). Tr Tr￿1¢￿1 1)wo$1 ¢ffor Qf £51D,000 10 btr If* (*èn markét Trfi1￿ arnl pr¢)F*rty ac£ordir¥Jty. Subsldthry Compan charrty th? fO1￿)wIre SLbsKlwy wft¥Jary. r￿tered in thè ENJL8TrJ 8Th1 Walès as cgxwary m. 01551495. whth was dormont In p8riod. IAakn Trading ￿tI¥￿Y % 8Mre hokl Wthylrfe CLrrbria knmrted 100 Tre SLYpiB of the urtornc4K1ated parert Sa￿ as ¢Or￿￿￿a￿j tew¥J £7,388,119. naty•l• ol knve8tm•nt p(*ttolo 4131 M•r¢h 2025 by eètegory ol hohjlng: Gro Trust Group Trult 2025 2024 Unrt trL6ts Total IK%led Urasted inKwlrren15 773.912 773.912 773,912 m.912 803,187 ,187 803,187 3,187 1(A) 803,287 773.912 774.012 803,187 rTwrket ￿lLE5 of tIE TnBfs rhE5ttrths at 31 Marth 2025 wve 85 f￿￿5.. % of tot•1 hokling 73.1 26.9 COIF Ethcal Investft*nt FLNJ- Ltrils COIF lrn*stffÈnt FuThJ- ACtymLIati￿ Lh)ts 565,460 208,452 773,912 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 17. DEBTORS Grnup 2025 Tnmt Group 2024 Trust 2026 2024 Trade debt￿S 94.787 94.787 1.505.8L 533.346 16.563 2.150.502 448,387 884,273 761,028 23,695 2.117.383 448,387 884,273 761,028 23,695 2.117,383 Grarts r8cew8ble 1.￿5,8 533,346 16,563 2.150,9)2 PrepayftEnts ard Other debtors ) prth￿10n f(K bad debt$ wa$ tjeW￿ re¢essary at 31 Marth X125. 18. CREDrroRS: MIOUNTS FILUNG DUE WITfrW4 ONE YEAR Gmup 2025 Group 2024 Trust 2025 2024 Trade creditcrs 2eo,621 7,755 31.050 280.621 7.755 31.150 914.535 317.318 33.566 317,318 33,566 Taxat￿￿ ard 8ocAal Mcurrty Otfr*r cr•drtor5 Ac¢rwL8 aNJ defer￿ 914.535 287,1 637.884 287,OCQ 637,984 1.233.961 1.234.IX1 Rokn8•d In 131 Mirch 2024 knthB Yur kn thB Yowr 2026 Oeferred inome rdwjed ab￿ IGr¢xp Tr￿tI 172 604 1172.6041 775,453 775,453 19. CREDrroRS: WA0UP￿s F￿uNG DUE ￿ER OPE YE Gmup 20 Group 2024 Tru•t 202S 2024 L￿ferred rts)me 8,750 8,750 At1Ap 2024 RÈ*a$Èd In the Year 1 31 March the Year 2025 Deferre¢J rcorrE aixK (Grow wxl T￿￿tI 8.750 18.7501 Deferred InG(XTE Itvle 18 aTKI 191 Irdw*5 grart aTMJ rA)rtract WKVTE prvr to o)mr[Er￿ThErt of tIE rthtgj aGIMtE5. In addit￿￿. rote 18 aLyo 1rdl￿&S paywrvrts rr8dB In •JvarrE lor ert￿9 for lfre Tnets $￿ery. 39 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 20. FWAJ4CVL I1STRUM￿s Grwp 2025 Tn Group 2024 Trust 2025 2024 Fina￿￿818$$et8 at fair th t￿￿Jh the StsteTr*rrt rA Financkql Act￿lt￿S InvesirwErts 773.912 774,012 803.187 803,287 Financrdl asset5 that are debl ir6trwnertS at aryorttsed cost". Inveslwrrt$ Ilerm der*xrtsl Cash al b8th ard in trBr 3.936.707 689.097 94.787 1.522.369 6.242. 3.936.707 689,097 94,787 1.522,369 6.242,960 1,823.159 1,220,890 448,387 907,%8 4,4CQ.404 1.823.159 1.220,890 448,387 907,968 4.400,404 Trade debtor$ OIIEr re￿￿db￿S FInar￿l8111a￿tst￿S n￿a$￿e￿ at an￿lLIed co$t'. Trade cr8ditors 280.621 38.805 319.428 2W,621 317,318 33.566 350,884 317,318 33,66e 350,984 Otkef credrtofs 319,526 TrE fair valLB of firoraal a5sels at str£el d* has been based on market prK8. 21. TRID14G SIMDi4RY. WUJLFE ¢IJA18R14 LwrrED The Trust has ar* wfdty-owrtd trodir& r£J)watsd In Er@L4r￿ ar￿ Walls as r89Lsirat￿n M. 01951495. 8glpn¢¥ Sheet 2025 2024 tkbtors Total current asset5 1LYJ 100 A•sots 1C¥J Capttal and Rwerv•8 40 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 DEs￿NATED FLIMDS TIE unreslrided irKoryE fUr￿S of TnEI irx*JJe tIE f(*ywirnJ de5WJtwbJ fwd5 been PLI aS￿e DLrt of LThe5trided ftrds by t1￿ Tr￿tee5 for 5P8afic PLfpos85. At 1 *pril 2024 D88iBnatod thi• year Transfer to Fixed Asset puKha$e Trnnslers At 31 March 2025 reahed Do9ignatsd for: BU￿1r&s. Vehths & Equipme Crealiro Wikllrfe Ha¥tr Sta￿1r9 lor Wldlife 18.402 18.402 761,483 724.283 1182.851 128.7Pg)1 54.924 IY.9241 13,2421 8.198 767.536 128.957 1,504,168 134,839 1211,631 13,2421 1.424.134 rg a doror rKI restricted a dorOt￿n bLrt fr¢$ iTrJKoted a Prefere￿ for woy in whith a kgocy or ¢I￿r dorOt￿n i¥ to be spent. Twsl de$￿J￿Ie$ arTh)urrts lo ¥e)ft PLryoses v) aC0)rdar￿ wrfh tl* donorfs wisl*s. Tre TrLsI's nuff*rous signal•d lurd bakrtts al érd oftP* p•rtsY. as ymnawd abm. ar• W fer thè folkwiffj purpos•s.' VeNdes aTh1 Equiprnrt - lor PLf(tsse ty maintenarKe of Its Tr￿￿8 ￿*jIt￿j$ and equipft￿nt. Funds as cLrrent asset5 are eycted to be eyFerthd dwrg rwx1 hvo year& Crealiry WI￿life F19%*r6 - for of TrL¢fs nBtwe re5er¥e6. cur￿nt as8et$ wl be expended a5 sUrtab￿ 0pp0rtunrt￿S arw. Sta￿1r9 up for Wkjlrfe - for t￿ TrL81'$ COW￿1￿1￿ ottsr lfvan t￿ aTrJ maNa9aW*rt ol the TrLBI's nalwe r&￿r¥t$. EyptrTrJrtLfe ol t￿se Is Jarmd to t*e pTr8￿ o*r r**L yèar8. Wal￿ ol Fixed Assets shrr*n abo* F*rrt8ge Assets aThJ Irfvesknerts. 41 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 RESTR￿ED Fu￿ Al l 2024. restaled Current At 31 March 2026 Current a880ts Fund namè Ftxed aststts Expndltu F￿d a$80ts C￿11￿ ￿￿1rfe StarKJiry ￿ for Wldhla ry Seas Iwiriw peopl8 C0rEerwdt￿n Legacy Fw Ot￿r FuThls 1.236,682 1.288.531 168.9JS 152.355 3.966.555 113.535 31.159 244 8.rth,793 2.957.9)3 316,1C6 2,*7.348 36.493 413.435 2 584,649 1 304,￿ 143,409 1￿,877 10.YJ9,215 88,217 20,182 417.713 10.872 122.521 149.6n 163. 9,741 109,345 Re•tri¢ted funds total 2.857.345 4.234.014 11.532,082 3,897.420 4,199,082 10.5%,939 TrLBI'8 restricted f￿¥1$ hawa b86n rec*￿￿ Ir¢m a doThy$ 0$ warts or donalic*% to Il* TrL61's work of prot8Ctir*J or wilhlè species arKI hthais aTrJ 6dl￿11￿j 01￿ to do san*. Except w￿*re arK)nymily has beén reqL*Sted. prirtpal doNirs In thts ￿rK￿l are hsied in 32 aNJ IF* lo grants are r8slrict8d ore as listed In tl* tab￿ a￿5•. Vthèré f￿1$ beén *) adv8w ol eypenditW8, rt L% e>P8Cted Ihai t￿Y will be witkin y00r ef r¢¢*pt IP•y ¥r¢ tl*rtfeN* W by tF* Tosi ¥¢￿$$Ible irter0$t-btrèriNJ a¢¢¢￿tt$. Where fwK15 havo been appled lo L¥KI or eqwrwl. at b￿artt 5￿t date 1$ ¥hDwn in ¢olurn Jed Fixyd Asset5. Furtk•r dotaiL5 of are avadabky Tos16 rog￿tered offic•. A ye8r adI￿￿rt of £252.010 restricted red￿r¥j Lry85trKt*a Ilrés refbcted in th8 Cwrent 8558t5 riry balarte ab￿. 24. PERAIW4ENT ENDOWMENT FUNDS At 1 2024 N•8tn*nt G•lnllLo•81 Trnmlern to At 31 March on v•v•fn G•n•rnl fund• 2026 Mory mi￿$ arty Mr £5.￿￿1 for geMr•l Trvsl rby Fu￿1 irrowe lor 9erer•l To6t 237 12371 2,087 12,3241 8,000 69.888 74.888 2.087 2.324 3.D961 13.0961 Tr8rtsfers 8re rnpde lo urwe5tiwXed IWKJS fi¢￿ wl*re earr¢d is 5thjed to 8ny re51rictior6. 25. TRANSFERS BETWEEN FLW4DS Trar6fers ha¥* been made Irom w￿str￿ted lts)Is to des¥￿Ied fLY•Js to s8fegthrLI fLDJs for pwposes ￿￿entIfied by th? Trwlees. In 202W25 tr* TrLElees Irarsferred £134.￿9 from ur￿$tr￿ted to desgnaled fLnJs for fLture exper￿￿￿8. Trartsfers are made to urwestitied luNl$ trom *￿tr￿mert tu)Js wF*re ear￿ on thè fu￿ 4$ rnt SLbject to any reslnctio 42 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 LYSIS OF ASs￿s BY FUIK>S At 31 March 2025 (Group) UnrestrKted fksignated fund5 Funds Restricted fund8 Endo%wneThl Totsl fundB F￿ed A55ets Fwt A55el IME5tr￿rtS CArrert Assets Ciyrert Liabilties abihties fallirg dLE after ￿ year 1.594.234 510.OCX) 1.858.210 11.233.%11 10,526.939 12.121,173 1.283,912 6.782,401 11.233,9611 704.024 720.1( 4,199. 2.728.483 1.424.133 14,726.021 74,888 18.953,525 At 31 March 2024 IGroupl rutsted Unr•strkt•d D••lgnat•d kntrfct•d Endowrnnl fund Funds fund Totsl fund FiYe(J A$$ei$ FLKe(J A$$ei Irhe$tft*rt• Cixrert A8sei$ Cwrert Liabiknie$ abihlies falliw I￿ after year 1.495.653 4e6.238 1.576.638 1637.8841 18.7501 2.891.8 4,234.014 5.729,667 1.313,187 5.169,1e6 1637,8841 8,7501 n,9a4 11.565,4C6 7x1.203 2,857.345 1.504.168 7,0>1.359 T￿ wt os$et$ $tsted are akno Tnot. mstrYAe¢ fwKl$ ol ¢t¢ Tr(fyl an 8(SJrtwl £100 of iMst￿ntS 8rhY £100 01 curreni Iiab'lrtN￿ dLE lo rts ir￿?$1rrert in rfs donrorf SLO$￿iary. 27. POST &ILANCE SHEET EVEPITS 28. LOCIL speC￿L WTEREST GROUPS Th Trwt ho¥ six kc81 swryl groy b0￿d ocross %YtrKh ory•rYse t￿￿¥ *rYJ raise mrrny lor Itre Trwl. Tr TrtBt also has speckgl irteresl groLPS c¢mwwd of 1r(IKVd￿I5 lrteresled in a particthr aspect of ￿tUre cOreeNat￿n. Ttrose group$ raised or SP6Dt l(TrJ5 sepafale bard( accoLrts dwir9 202dV25 prepared accoun15 10 31 March 2025. Tr*5a ruLYes are SUDYnari88d beknv aTrJ h8* t*en ir¢orporaled irto trs TrLSt's f#-0ro81 staten*nts Wrttr￿ cash al barl( in haThJ. AtlA￿l 2024 At 31 ￿rth 2025 Exp•ndilur• Local suprort groups Special irterest gro 3.878 21.021 24.899 5.965 1.089 7.074 5.481 4,382 21,570 25,952 540 6.021 . COMPANY L￿1￿ED BY GU￿4AP￿EE Trwl i8 Inited by gLBrantee 8ryJ does mt ￿ a share c*. Tr* lablty of each nErter is linyted to a M￿mlM of £1. 43 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 30. ENVIRONMENTAL BODY The T￿￿1 has been appro%Ed 8s an ErMrcf(rErtal Body Ireg. m. 0932251 frJr puwye of haThYlry and dislribubrg m2dÈ aval￿ble by landfil opetaiors ￿er cfftert lÈgisL8tion. Urnler that *gI￿tion a go¥enThÈnt agency. 'ENTRUST. 0￿rseeS trE operations of Ewror17EDtsI Bodies aThJ appbes a lo its operatior6. Tre ￿￿￿enETr1 of fu￿8 (Int￿dIr0 0pÈnl￿ Is In￿￿ed in tr* SOFA 8r*l Cortsolidaièd BakrK% Sl*et Detsib ofthè ithx)n* and eypènditure on a cash basis for ￿ 5Ear. befo￿ cowldats"on. a￿ swrrnnsed beknw. Incom8 & Expend1￿1* Account 2026 2024 Transfers in from otr*r Ermrorrnentsl Bc•Jie8 Gr¥nts distribthed s￿￿1￿81(d?ficitj of kncome overexpondthre 400,428 407,870 17,2421 15,718 5,624 10.094 Balance Sh•et 2025 2024 Bart baknces Deblofs Current as8ets 2.239 15.718 17.957 17.957 16,146 16,146 16,146 Net *#B•ts Repre88ntsd by: AccLmthled reS*r￿ su￿k￿ broth3M fr)￿1d SwpkK%lldefi¢ill lor ts yyar Ac¢AmLl•ted reve￿ ￿Me* fowrd 17,957 7.863 10,715 17.957 Mo¥8m8ntln fundB hehj forexpondlture on pmfvcts by Cumbrfa Wldmle Trn8tdurtng the Year CWMET Totsl Ir#¥Jme rec*i*d from otsrerMrormert81b¢)dies Iworne awdIlab￿ afterpahTrentof Erthk81 kn'ei Iw)me availab￿ from prewoLS )ea Totsl Income avallable 4CMI,428 400,428 17,957 418,385 4M.428 400.428 418.385 E¥erKlittKe on proJe(ts bycmibria IMklSfe T1￿1 1407,6701 14D7.6701 Fund8 heh1 at31 March 2025 10,715 10,715 Projects funded by bndfill op¢r4Wrn during th¢ Y¢•r FunderlProlect Entru8t No. Expended Alocaled CWMET MeadowRestorationaTh1 Seed Barl( CVVMET CO￿ Spriry5 Acce55 to Eden CVVMET.. Skiddaw Forest LaTrJ pwc*ase 093225.092 093225.094 093225.950 2,239 5,431 4W OQO 10,715 407,670 10.715 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 31. NATURE RESERVES AT 31 AIARCH CLmbrK9 Wildlife Tr￿t started managiro rRtwe raSer￿ as &arty as 1￿3 aTh1 has co￿￿*d a￿￿ri￿ raserkes ever sinc8. 11 ojrrentty marwge5 49 reser¥ES exter¥Jiry to 4.555 trELtare5. 2,497 trEct￿5 are by tIE T￿￿t whi15t 2.057 tECtares are U￿er ka$e. Iterte or Ma￿geTh￿rt agre￿nI. Tre reser￿ a￿ é$tribthed auoss ¢outty aThY cover most CunbrKgn habrtats IrdLéir¥J raised mires. In*sto￿ pa4Vr￿rts. cosstal srt85. Wc¢•JI￿￿s, grasslard5 ar￿ wetlards. Tr followiry tabk inclLées detals of all of Try￿￿$ reser￿. Ra8eNe nam O*Thd101 Purchase I Leased ILI or Gift (GI Date of A¢qui&ttw Hxi•r¢s 1987 1.8 NY457526 WocxYlaThY 1984119e6 7.4 NY844141 WoodlaTrJ 193812CX)) 2.8 NY817147 Grassknt 197Y2CYJ41071 27.3 SD41$￿6 Grassl8￿1￿0￿￿1ar 1979 0.7 NY253231 Carr 2tr20r2023 36.6 ￿736033 Gr8ss& 1W1976 7.3 NY207618 ScrLblOpen 1977 26.9 SD415790 WcxJYlar¥J 1&1 SD595880 Mire 0.4 NY185(1)7 Mire 2.0 SD535781 Gr3s*r 11.3 SD537787 Limestorts Pavement 9.2 NY009124 Quarry 15.7 NY009124 Quarry 132.5 NY256S90 Mir6 7.4 NY104288 Grasthr 2.8 SD526897 VVocKllaMI 67.0 SD087944 SaTrJ DLr 216.0 NY387295 Uk4at¥J M<>saic 368.0 SD460820 Mire Grld Maln Habltat AILqn IM&on Argill Woods ALUIII P351ure Barkbooth Lot BoathLwe F￿￿ B¢Jwber F*ad Farm Bowress-OTrSoTrw8y Brown Robin BL￿r￿ Bed( M OIL GIP Ckydthor Clawthorpe Fel Clints G￿rry Coby Sprirgs DrLmburgh Moss OLbbs Moss Erid Mapb$ Eskmea EY￿11 Hill FoLlsfÉw Mo 2021 1￿112013 1972 1970 1971 2013 1998120(￿12o1 71202Y2024 1974 2ts)9 to 2012 1975 1972 1970 2021 FoLlr*y IsLgThJ Go$lirvJ Sike Fam GrLbbirts Wood Ha￿ Moss 145.7 SD243655 Shir0￿ IS￿r¥￿ 14.6 ￿418039 GraSsIa￿￿o0d14 9.3 SD445780 WwdlaTrJ 2.9 SD510776 Fen 1￿.0 SD442871 Gra$skn￿lPaVeMent 4.8 SD538782 GrassLI￿1Str 28.8 SD435876 WoodlarNJ 23.0 SD391738 ClifflGrasslard 99.0 SD550780 Grass&8￿1PaVeMent 1.8 NY245265 WooJi8fftI 0.4 NY475012 Scr 4.0 SD440828 Grasth 1rffj.o SD290846 Gra$sl& 84.7 SD445820 Mire 0.3 NY478312 Fen 2.0 SD302787 WoodlaTrJ 12.6 SD430830 Mire 1&1 NY338543 WoJdlaTh 14.7 SD567781 WojdlaThJlGras￿ar 1.120.0 NY34{￿37 Sattmarsh 1.214.0 NY279302 MortarolGr8sslsTrJlMire 49.3 NY703(N WIKyJlarKI1Gras￿a 487.0 SD215620 Shiwle 23.0 SD477984 Woodlarn 2.6 NY665076 Grass￿￿lScr 5.9 NY507307 WfKxYlaThY 4.4 Ny757￿ Grasskr 0.2 NY3461K)2 P(￿1 17.7 NY444&)O W&xJ18TrJ OIL FbkDe Park Quarry H)we Fknnphrey Fbad tlon Roof Iwy Crag Wood Juniper Scar Latterbarrow Lw¢k Conwnon Me3t￿p M05$ lon Re￿nY P*kt N8SS Nlchols Moss Orton M055 Park Woo Reckliffe Marsh Sk￿daW Forgst Swardale Gill so￿￿ Walrey Sta¥** Wocn1krts Tarn Sik8 cka Beck Wartby GreeMgg5 Vlfilkiw PorKY Wr88y Wotsjs PIG 197711992 2017 1W199PJ2C OIL 1991 2CW2021 19791199712 OIL 202412025 1978119911201 OIL PIG 1S%919Y2(MNJI 1981 2011 1981 45 Docusign Envelwe ID.. 8D234574B9584BFE-89FC-7E60391A8EOE CUMBRIA WILDLIFE TRUST UMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 31 SUPPORTERS OF Cum&R￿wILDuFE TRUST The rr£ny achieve￿￿Trts In the Year￿u￿1 not have been rm75thwitr￿gPnErouS and *idwdTr•rvJ finan¢ial as51stan￿ I Trust'5 SUPPOrters. Thanks go lo IndWuJ rrtths. corpwale rrerrOw5. donor5. granl-gmro tyg3nLsatiu￿ legalors. SonE of Ih06e supporters are I￿t&s bekw. Contrfbutors 01 grdnts. dttnations tt4 during tht year AvDfa CornttKJnty Fund 8an151er Chanlabk Trust Nab"(￿4 Lottery Heriiap F￿ Nalur31 Ery North Penni￿ Nthn81 Lèndsc•pe County Coun N*ional ParkArth)rty Pennih Tw Councjl Copdand Corrfflunty Fund Cun*erf8nd Counal Cun*na CorrThunty Foundat Cuffbna Wèsle Manageff*ni Enwronm8rt Tnjst Dignity in Dewenba Defra Durham County Coundl Ecological Restoration Fund Educauon & Sklls FundiThJ ROY￿ SociBtyfor ts ProteEtion of Birds RU￿ Payn*nts Poen Sea Chanyers SoP*ay Fith P8rtrw5hip Suezcoftrnnllies Ffft1 ¥1 Erre51 C¢x* Trust Eden Rivers Trust Environrrenl 4ency Esn*8 Faif081m Foundabc Flbru5 For8s1ry Comission ￿leM FoUnd8￿n Gr•nge & Di¥lrid N•iur•l Hi$iory S¢¢*ty hlernèiional Union for Conser¥ats(fi of Nalure UK L•k¢ Distri¢¢ No1ion•l P•rk Lo**her Eslale Trust Nality)￿ High*ay$ Swre chantab￿ Trust Th8 Cm*￿ Esia Tho Hadfield T￿1 The HDH Wls 1965Chantat4è Tmst The Nalional Trwl The Fl*rs Trust The IAclori• Wood Fw*•tson The Trust Unrted Utilthe8 Tr8¥elN**vty Fund sinThJrt8ThJ 8 Fume85 Council Y¢rkshir6 Dak¥s Mil￿nnIUm Tru$1 York5hif8 Dal85 Nab￿1 Part A￿th0nty Don81bns K*re a50 re￿¥80 frommry c￿￿•￿￿￿fe Tr￿t Tr*ntser8 and other indiwdu￿st￿rdS 818ryJa nun*er ofprc4eds, Legatorn.. Leg8des and noimc4lb￿ olkg•c*s*ere ￿eel￿*￿ fromlhe Vlils of Ihe Ic4tr*WThJ IrKlwhYuaL8 *hose generous glfts wll Support ¥￿k￿lIffe & places In CLthknria. The Twst hke iogRiefilltylhank & ackn¢ph*dge them tt*ir faft*es. Sheila Cothrar Judith Do¥￿5 Nuala Do*i8 Rithard Fisher Cttrislire Homsby MargaN McCr88ry Stella N￿r i•wenrx ja￿ VaMI Helen VV4kar B￿lnesS membevs and supporters during tl* year Platinum ￿ent)erS J*Jgregale hdw4kne¥. Flnts. L•W•no knrrnw. LYM E9￿￿￿ni. Ozty* GI￿￿￿,Th•w0rtd of B￿triK Polter. Tithel Tailv. The Curroerfand ￿l01r￿j Souety ¢Josuryeon. Roselands Chantable Reeds Primers Lld CaThne Comages. Cedarmanw W. C¥￿er Par(￿. Hgh'dayCottayes.(x>.uk. O'Neil Pffj50ciale$, Th2 fhvJinal Cottaye Conpatry. Salty's Coiiages. The Cuttbria Grand HDtd, Uni¥etsity ofcunknria Gdd rrethrs Sifver rfftntsF8 StsTrJard Carrpwle&ro.uk. WroOfLwd5C8￿ ICurrl)ri•n Prcwty Serwce51, Fern Howy Guest House. Forns Remle Tettry4w, Lary￿a￿ Hotel & Spa. NeI￿rbY Hall. Phil Col*r Assocjates. TtsLaket*$lricl.rxg rial ￿rt￿rt. Cun*ria Wasie M8nagen*rt. Lake*nd Trals. 2 Sisters Gro CryA Crarting. Crossb￿k f*ntalCare. Fem + Fdl. GrasThwe Gingerbread. Traqs. Le￿Ir9 aThJ Work knstitthe, Park C8r8¥an P8ffK, PIB knSuran￿, Iwe(kn31e. SETrEns Eneryy. T￿wth1 Ha¢ Tayknrwoodrthy. Wlllife Travel. kinson Can*ras. IMnYourDream Hike Corrplnwntary ￿ntsrS Bugnes5 SUPPOrter5