NOTTINGHAMSHIRE WILDLIFE TRUST IA Company Limed by Guar4nteel CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED ai MARCH Z025
NOTtINGHAMSHIRE WILDLIFE TRUST CONTENTS Page$ Reference and AdministratN@ DetaiL4 Chairf5 Annual Report Trustees, Report 3-10 Auditor's Report 11-13 Consolidated statement of Finantlal Activitie5 14 Consolidated Charity 8alance Sheet 15 Consolidated Cash Flow Staternent 16 Notes to the Consolidated Accounts 17-40
NoINGHAm$HIAE WILDLIFE TRUST REFERENCE AND ADMINISTRATIVE DETAIL5 The registered name of the Charity is Nottinghamshire Wildlrfe Trust. It is registered wlth the Charlty Commission in England and Wales wSth the number 224168. Company Number 00748865 Re8lstered Offire The Old Ra¥8ed School. &rook Street. Nottinghèm NGI IEA. Members of the Board The Trustees of the charlty. who are also Members of the Board, who have held office in the year and tDthe date of this report were.. N Parsons Ichairl C Gibson trrusrÈe, Honorary Treasurer and Chair of Sustèinability Commltteel S Shèh ITrusteè and Honorary SecTetaryl K Wilson (Trustee and Vice Chairl S Clifton (Trustee and Chair of Nature Recovery Committee) E Sherburn (Trustee and Chair of People ènd Nature Commltteel E Brodie ITrusteel K Hart (Trustee) IRe5igned & November 20241 R 8or5je (Trustee and Vice Chairl A Flint (Trusteel W Howard IResigned 24, March 20251 M Hyde ITrusteel L Moore ITrusteel G Osborn ITrustÈel A Wilkinson (Appointed 6, November 20241 Chlef Executive P Wilkinson ankers National Westminster plc. Nottingham City Leicester Customer Servlce Cent, 11 Western Boulevard, Bede Island, Leicester LE2 7EJ. Sollcitors Browne Jacobson. Mowbray House, Castle Meadow Road, Nottingharn, NG2 IBJ In¥e5tment Advisors Ascot Uoyd, Suite 6C. Platform, New Statlon Street, Leeds. LSI 4JB. Audltors TC Group. Accountafits & Stawtory Auditor, 10 Stadium Busine55 Court. Millennium Way. Prlde Park, Derbyi DE24 8HP Page I
No1N6HAMsHlAE WILDUFE TRUST CHAIR'S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 It gives me great pleasure to present the report and audited accounts forthe financial year endin8 31st March 2025, showing our highest level of income by some m3r8in at f8.7m and a positive net movement in funds of E553k. It has been a very busyyear for the Trust and what follow5 is a summary of some of the highli8ht5. Glven the climate crisis and worrying loss of biodiversity across the country mpaIgnIng remains a prlmary focus for us. The General and East Midland5 Mayoral elections in Spring 2024 saw u5 host hustings wkth other environTneDtal groups demonstrating to candidates the breadth of k)cal support for nature restoration. Similarty, just before the General Election we joined with her Wildllfe Trusts and envlrtsnrnentsl charities to march in London on a "Restore Nature Now" event. Thou5and5 Cf us Marched in 3 powerful demonstration of support forthe ¢au5e. Back in Nottinghamshire. we worked hèrd on habitat creation projects. large and small. One of the rnost visited 15 the Broadmarsh Green Heèrt. Our su¢¢e5sful carnpai8n for nature in the cty centre culminated in specta¢ulÈr site, vAth design contribution5 by theTrust and our subsidiary EMEC Ecol¢)gy. In the north of the countyt with fundingfrom sern Trent Water. we delivered the Three RNer5 Restoration Project acr055 Vicar Water, Rainworth Water and Bever¢ote$ Beck. Large scale work5 5aWthe restoration of previously degraded and ¢anali5ed river5. Meander5, wetland features and eel passes were all Instèlled and will benefit wildlife for generation5 to come, At a reglonal level we are woiking With NGOS. local government, government agencies and private sector partner5 to deliverthe Specie5 Thriving in a Wilder Trent project. Funded by DEFRA and the NLHF, this will lead to habitat creation and restoration In the floodplain. benefltting many species. Much work hès gon@ Into our own re5erve5. One ol our jewels is the Idle Valley Nature Reserve. Here our beèver popUtIon continue5 to thrive with è thSrd Iltter being born. Further, as part of a species CO¥ery progrzmme we have released over one hundred Water Voles Into the beaver enc105ure to act a5 an'aik, site to aid their recovery afteryears of predation by non-native mink. Challenge5 remain and as reported last year we Continue to work with a neighbour to minimise the Impact upon wlldlrfe of slgnificant rninerals extractlon permission he Secured for his land. We secured major modihcations io the planning application, but remain vlgilantto ensure the best outcome for wilélife. Our Attenborough Nèture Reserve continues to be a popular destination. Thls year we undertook our Attenborough For All project. a major li5teninÈ exercise, with feedback from vlsitors and the wider local cornmunity. An important outcome from that was a community Initiative to improve the PDor behaviour of 50rne doE owners called Lead by Example. We are hopeful thèt th15 will reduce disturbance to wil(S1ife and provide a template for other reserves. We also £ornpleted a significant long-temi project to expand areas of reedbed at rhe reseNe, funded by the Environment Agency. This impressive list ol achievements has only been p055ible because of the continued support of our members, volunteers, supporters and business partners. Our heartfelt thanks to you èll. Finally. at the AGM, Whe this report will be presented, I shall Stand down as Chair and Trustee DI the Trust. I have been on Councll for a Scarcely believable thirty years. Andy Wilkin50n will Succeed me. He has been Chair Designate for the last year and l am sure will do an excellÈntjob, working hand in hand with Paul Wilkinson, our Irrepressible CEO and hi5 wonderful team of staff. I look forword to watching them take the Trust from Strength to 5tren8th. Nick Parsons. Chair Nottin8harn5hire Wildlife Trust Page 2
NOTnNG14AMSHIRE WILDLIFE TRUST REPORT OF THE TRUSTEES FOR THe YEAR eNDÉD 31 MARCM 2025 The Board has pleasure in presenting its report together with the audited accounts for the year ended 31 March 2025. In preparing the annual report and financial statement5 01 the charity. the Board has adopted the provisions of the Chèrities 50RP"Actountin8 and ReportSng by Charities.. Statement of Recornmended Practice" applicable to charities preparing their accounts in a¢¢ordaThce wlth the Flnantial Reporting Standard IFRS 1021 applicable in the UK and Republlc of Ireland. The accounts have also been prepared in accordancÈ with the Cotnpanie5 Act 2006. OBJECMVES AND ACTIVITIES Nottingham5hiie Wildlife Trust INwfi belleves that the natural world Is valvable in its own right and 15 undef threat,. that people are part of nature and we depend on it for our existÈnce." th2t everyone should have the opportunityto live in a healthy, wildlifeiCh natufal world." and thèt It Is vltal we work with others because we all have the power to make a positbve impact on the nature and climate emergencies. We focus our dellvery on three long term goa15 a5 set out in our Wilder Nottinghamshire 2030 strategy-. 11 Wilder Lives 21 Wilder Pl4ce5 31 Thriving Toeether The empha515 on the first two of these goals relates directly to the dellvery of our work lor peop ènd nature. The third goal focuses on the underlyin8 foundation5 of ourorganisatlon in terms of being 5U5tsinable, relevant, representstive and re5ilienr, now and In the future. Achie¥ements and performan¢e Nottinghamshlre Wildlife Trust 15 uniquely positioned to lead positive chènge for wildllfe In Nottingharnshire, being grass roots and local. whilst also part of a stron8 national Wildlife Trust movement. We arÈ working with local ¢otntnunities, businesse5, partners, landowners. and indwiduals acr055 our county to brinE about a wilder Nottlnghamshire where people and wildlife are thriving together. I. WILDER LIVES Launch of Wilder Nottinghamshire Awards (April) A5 Part of building a movement for nature, it 15 key that successes are shared and celebrated antl $0 the Trust was pleased to launch our new Wilder Nottinghèmshire Award5 in April 2024. Possible comblned entry Election HustinÉ5 & Restore Nature Now rally IAprll & June) As part of our build up to the election of an East Midlands Mèyor and the General Election, we worked with local environmental Éroups to host hu$ting5 to demonstrate to candidates the local support for nature restoration action. The Trust also continued its long-standing £omTnitment an(1 dedicatlon to Standing up for nature by ioininE a Major national march in central London which called on candidate5 ahoad of the General Election to restore nature for the sake of wildlife and our own he3tth and wellbeing. Lead by Exarnple campaign launch (Marchl Through our Inspiring Attenborough forAII project, our lafge5t and deepest ever listening exercise, the Trust received vital feedback frorn visitors and non-visitors from ¢he local community and beyond. A key theme from this feedback wè5 around the i55ue of the poor behaviour of some dog ownerk, especially having their dogs off leads, therefore disturbing wildlife and generally creatinE issues on site. The Trust took thi5 feedback and developed a positive behaviour ielnforcement campaign called Lead by Example, which Seeks to reward eood behaviour and build a culture of adherence to the rules on sitei prior to rolling out the approach at other busy reserwes. Page 3
NOThINGHAMSHIRE WIIOUFE TRUST REPORTOF THE TRUSTEES FOR THE YEAR ENDEP 31 MARCH 2025 20yrs of Attenborough Nature Centre (March) This year, we have celebrated the 20 Anniversary of the iconic and award-winning Attenborou8h Nature Centre, ori8inally opened by Sir David Attenborough. The Centre. together with the wider nature reserne, is the Trysvs m05tvisited 51tei pl?yin8 a vitsl role tn building a movement for nature. WILDER PLACES In Aprillmay 2024, ourihird litter of beaver kits were born in the enc105ure at the Idle Valley Nature Reserve. adding to our habitst mana6efnent and restoration resource, whch has already been proven to have benefltted a wide range of other faunal 8roups, includin8 arnphibian5. odonata and reedbed birds such as bittern. Mineral extractlon decision next to Id Valley Nature Reserve Isepternber 20241 As reported in 2023-24, a major minerals application to Èxtract Pulver15ed Fly Ash IPFA, a rnore environrnentally sensitive alternative to cement) hèd been submitted along a large sectlon of the western edge ol ihe Trust's Idle Valley Nature Reserve IIVNRI. During the last year. permlsslon was granted for this eract)n, after several major rnodification5 J5 a result of our planning objections, whlch will reduce the impact on wildlife. The Twst is engaged in di5CU5sions about how this development will be delivered the least impart to wildlife and oijr operations and how the restoration can be optimised for nature's recovÈry. Great White and Cattle Egret-lirst Tecorded breeding in county- IAugust 20241 Over the summer our 8esthorpe Nature Reserve was confirmed as the first recorded breeding slte in the county for two species of eEret- Great White Egret and Cattle Egret just over a decade since the first breeding record for Lr(tle E8ret was recorded ai the 51te in 2013, hi8hli8htin8 the value of large- scale habitat restoration in the frent Valley as species adapt to tlimate change. Broadmarsh fjreen Heart Opened by New East Midland5 Major (September 20241 After successful carnpalgnlng and Input from both the Trust and EMEC Ecology to InfluerKe rts design, the speCtacur'Green Heary natural greensp3ce was formally opened- Setting the tone for future regeneration across the crtv. Flrst water vole release at IVNR pèrt of our successful Spe¢ie5 Rerovery PrograThrne Capit31 Grant Scheme project, the Trust has undÈrtaken the first releèse of water vole5 into the beaver enclosure at the Idle Valley Nature ReseNe. after it was cleared of the invasive rnink which were present in thÈ area. A total of 115 juvenile water voles were released to create an'ark. site for water vole5 to thrive and from which to spread out int(} the wider countryside. Rufford eel pass (December 20241 and de£Uert at Vicar Water (February 20251 Thi5 ye)[ ha5 seen the delivery of several major elements of the Severn Trent_funded Three Rivers Restoration Project. operatlng acros5 the Vicar Water, Rainworth Water and Bevercotes 8eck. The most si8Diticant and arnbitious of the project inteNentions was to restore the channel to a more natural forrn by de£uerting over 200rn of Vicar Water, which had been buried under 4m of colliery spoil at Clipstone Coll*ry around 7Ctyr5 earlier and the re-naturalisation of another 400m of channel adjatent. Also, a serie5 of works were completed to restDre long sectKins Lif Vicar Water by re-meandering the channel, crearing new wetland features and Snstalling structures to slowthe llow of wèter during pe3k flood periods. Eel passes were installed on Rainworth Water near Ruttord Abbey park, working closely with the County Council, and also on farmlènd at Vicar Water. Unpre¢edenteO habitat creation acr055 Notts ljanuary 202SI The work delivered in early 202S through the Three Rivers Restoration projeit Wa5 one ex3rnple of the Significant delivery undertaken atr05S the county by the Trust. It was estimated that, during Februaryto March 2025, around £lm worth of Vrk was delivered on the ground to beneflt a range of habltèts and species of importance Including water voles and otter5, nightjar, redstart, stonechat and woodlark. farmland blrds, rare fÈn invertebr)tes and mlgrhtoryfish, In 2024 we started tonstructive liai50n and advice for the devebpers of the County's largest proposed solar projert, seeking to secure the best posslble mitigation far wildlife and to ensure there would be net gain for biodiversity that ex¢eed$ the statutory requirements, if the scheme is permitted. Page 4
NOThINGHAMSHIRE WILDLIFE TRUST POATOF THE TRUSfEES FOR THE YEAR ENDED 31 MARCH 2025 Wllder Trent teèm In plate (January 20251 Atthe start of ?025, the Trust recruited the key project staff to deliver our arnbitious Specie5 Thriving in 3 Wilder Trent funded by OEFRAINational Lottery Heritage Fund project. The project, which invol¥e5 NGO, local government. private sector and government agen¢y partner5 will Lleliver habitat CTeatlon and re5tor3tion along section5 of the RiverTTent and surrounding farmland. to benefrt speoe5 such as larrnland bird5, wader5 and wildfowl, arnphlbians, fish and water VO$. ThRIVING TOGETHER Strong financial performance Nwf Group achieved a t)osltive net rnovement of funds of £553k in the year. Incoming resources totalled £8.7m. the highest in NWT'S history, reflecting ambition and determination to achieve our strategic goals. Highlights include the gÈneration of Profit with Purpose totslling £489k from ourflourishing EMEC environmental consult)ncy 5ub5idiary and almost £600k Df rnernbeT5hip donations frorn our generous and supportive members. Meadow Appeal launch ljulyl and Meadow Appeal suc5$ (Septemberl This year, the Trust ran a sucie55fv1 lundraising carnpaign to generate core incorne forthe organisation to 5UPPOrt our grazing and habitat management work, The focus of the appea1 was on our spectacular wildflower meadows across the tounty. The appÈal was supported by members, major donors ènd some of our buslnÈss partners, in particular Castle Rock Brewery who created a new beer and ran a special event to help raise funds. Team Kineti A5 Part of a natlonal wildllfe trust initiatlve, NWF Group has introduced a systern whlch a11ow5 our volunteers to record the tirne and talent they offer, ID a slick and consistent way. We could not offer the depth and breadth of the charirable dellvery and support services without our amazing volunteers. Since Intro(Jurtk)n In November 2024, more than 7,000 hours of hours have been recorded by 220 volunteers. PUBUC BÉNEFIT The advancernent of erwironmental protectlon and improvement Is cognISed as a tharitsble purpose and is regarded universalty as producing a public good. NWT exists to promote the tarÈ and protettion of the environrnent, together with the promotion of ecosystem servlces, such as clean air ènd water, flood alleviation and pollination. and therefore provides a clear public benefit. However, the public benÈftts provided by NWT go rnuch further. Nwfs nature serveS are used by the public, and rnany are accessible on way-marked routes alongside the provispi)n of information and interpretation. Education and community engagement progrdmmes are airned at children, teenagers and young adults, schools, colleges, dult Eroups and the wider public. Thls broad programme 15 recogni5ed as a charitsble activity in its own right. Information gathering and provision of expÈrt advlce to local authoritie5 and other5 helps to ensure that planning decislons take account of the public benefit of the natural world. The invofvement of many volunteers In NWT'5 work provide5 Opportunities lor both physical and rnental activity. which is of particular benefit to those involved, as well Js delivering benefjts to the wider public. Page 5
NOTFINGHAMSHIRE WILDUFE TRUST REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 1025 Promoting thÈ enjoymÈnt of the natural world is an important part of Nwfs attwities, and the health and well-being benefit from access to quality natural spaces 15 widely recognised. Our nature resÈrves, the activitie5 we organise. are available to everyone in the County and wherever p055ible Nwf makes provision for the disadvantaged, with a particular focu5 on mental health, speclal educational need5. and young people. Nwf also alms to Improve te$S for people with Iirnited rnobility." though it should be noted that the landscape of some of our sltes doe5 litnit oppttrtunitie5 for acce55 irnprovements. There are a few cases where there may bÈ a conflict between man8gement requirements and unrestricted access. but where this occurs NWT strives to keep amy restflltion5 to a minirnum. Neverrheless, some sltes are des¥nated as '5anctuary' where access is rÈstricted to those holding a perrnit 155ued by Nwr. Public benèfit slat¢mertl The Trustees confirm that they have comp11ed with the duty in Section 17 of the Charitie5 Act 2011 to have due regard to the Charity COMMs1on'$ general guidance on public benefit.'Charities and Public Benefit.. The frust's publlc benefit is enshrlned in its charitable obiects as outlined above. FINANCIAL REVIEW Summ¥y tsl financial performan In the period NWT including its subsidiarles hèd income of £8,733,131 and expenditure of £8.180,561. There was positwÈ net movement In funds of É552.570 compared with negative £481,250 in 2023-24. wt ARE GRATEFUL TO THE FOLLOWING FOR THEIR SUPPORY Grants Broxtowe Borough Council DEFRA Environment Agencv Institute of Cemetery and Crernatorium Managernent National Lottery HÈritage Fund Naturèl England Nottingham City Council Nott1n8h3m5hi County Council People's P05tcode Lottery Royal Society of Wildlife Trusts Rushclrffe Borough Council Severn Trent Water Trent Valley Internal Drainage Board Page 6
NOTnNGHAMSHIRE WIU)UFE TRUST RÉPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Charitable Trusts Ounn Farnily Charitable Trust Four Winds Trust Youth Engagement John Swre 1989 Ch3ritèblÈ Trijst Mazar5 Charitable Trust Metamorphosis FoundatiDn Pick Charitzble Trust via Buckl@s Solicitor5 The Charles Littlewood HillTru5t The Jessie Spencer Trust The Jone$ 1896 Charitable Trust ThÈ Kiln Fafflily Trust The N Sfflith Charitable Settlement The William Brake Foundation Buslness SUPPOrters Aquatic Control Engineering Ltd Ascot Lloyd British Gypsurn ISaint-Gobainl Capital One Castle Rock Brewery Centre Parcs CentTUrn Pile Ltd (Aarsleffl Clegg Construction Dunelm Explore Manufacturing Ilaing O'RourkÈl Forest Holidays Hanson UK J Mccann & Co Ltd Lawn Master Leonard Design Mayborn Group Ltd Murphy & Son Ltd NK Motors Nottingham Trent Univer51ty RansomwDod Estatès UK Ltd Sartorius Albumeoix Ltd Trent Valley Area Internal Drainage 8oard Trentbarton FVNDRAISING We are enormously grateful to our many members and supporters who rnake donations to us. We vèlue their ongoing gener051ty, a5 well as welcomin8 new members and supporters. Our fundraisinE work with individu315, by our professional fundraising teaTn, 5UPPOrted by the time and talent of volunteÈrs, also appre¢iate5 that every rnember of staff can have positive contacts with existing and potential supporters. We have a strategic partnership wlth Wildlife Fundraising (Centrall Limited IWFCI, a not-for-prDflt orÉani58tioD owned by a group of other Wildlife Trusts, with its SO purpose being face-to-face fundraislng for the Wildllfe Trust rnovernent. Fundraising is also undertaken through memberghip mailing5, dKitsl channels, other physical collateral and with partner5 offering will writing services. Nwf is registered with the Fundraising Regulator and adheres to the Fundraisingcode of Prèctire, v5in8 the Code to SUPPOrt tTainlng and awareness of forrnal fundraising requirements. Page 7
NOTnNGHAMSHIRE WILDUFE TRUST REPORTOF THE TRUSTEE5 FOR THE YEAR ENDED 31 MARCH 2025 FUNDRAISING CONTINUED There were no cornpliance issues in the year to 31 March 2025. Forthe yearto 31 March 2025, there wa5 one cornplaint to NWT about fundralslng. Nwfand WFC work closely rogether wthin an aÈreed framework. The WFCframework. and wider Nwt policy and processes, do not permit intrusive, persistent or otherwise inappropriate behaviour when interacting with SUPPDrtÈr5 OT P<>tential sUPPOrters, with particular ernphasis on the protection of vulnerable poople. Quarterly meÈtings with WFC, ancl internal Nwf meetings, include reviews of recruitment and retention of supporter5. training and performance. Meetin85 Wlth WFC also discuss recruitment and retention of lace-to-lace fundraisers. Gilts in wi115 were re1ved from the estaies of.. Mortyn Clement Anderson Voluntary help Isessent131 to our successandthefactthatthevalue provided byvolunteer5 is notformally quantlfled In these èctounts does not dimlnish their contribution. The Trustees wish to express their thanks and acknowledgement to every individual and organisation who contributes in whatever way to make our programrne of local wildllfe conseNation possible. Investment Policy The inve5trnent policy of Nottinghamshire Wildlife Trust aims to.. Offer a su5tain3ble regular income stream for charirable delivery, from invÈstmentS, ¢On5iderin8 an appropriate level of risk. When analysing risk, consideration will be given to factors such as asset classes, interest rates, currency exposure. liquidity, and potential default. with the investment portfolio havine appropriate diversification. Avoid investing in organlsations whose activities contradictthe Tru5Vs values and strategic objectfves. Appropriate professional athi*e is takÈn to apply and balan these poliry aims to the Trust's investments. Rlsk Management The Trustees and senlor managers Constant ieview the risks the charity may face. For the main risks identrfied, 5ySterns and procedures have been developed to rnonitor the likelihood of risk and to minlmlse any potentia1 impact on the charity should those Flnanclal rÈserves poli The Trustees have exornined the charity's requirement for reserves considÈrinE the maln r[5 to the orgonisation whereby sufficient unrestricted non-earmarked reserves will be held as are deemed nece55ary to meet working capital Tequirements, to tovèr unscheduled core capital and repalr costs and to ac¢omrno(Jate aTTry likely risks Identlfied in the coming year. Thls amovnts to the equivalent of three months of btsdgeted 2025-26 total employment cost5, all held as cash and near-cash. This totals £850,000. The budgeted c3sh position covers this policy. Thts policywill be revlewed annually. STRucfuRE, GOVERNANCE AND MANAGEMENT Nwf Is a company limited by guarantee governed by its Memorandum and Artlcles of Assoclatlon lorigin3lly dated 4 JJnuary 19631 updèted and approved at the 2020 AGM and complying with the Companies Art 2006. These are supported by its Regu13tlons (originally dated 2 October 19961 amended and approved by Council most recently in Novernber 2022. It is registered as a charity with the Charity Comfflis5ion. Appointment of TTUSlees A5 Set out in the Regulations, the Chair of the Council of Trustee5 15 elerted by the members of the charitable company attending the appropriate Annual Generèl Meetin& along with norinally up tofive Trustees elected everyyear. AnyTrustÈe vacancy ar15ing between normal elections may be filled by co-option. When ¢onsiéering electing or co-opting Trustees. the Council has regard to the requireFnent for any specialist skllls needed, and a skills audit is undertaken. All members of the Council of Trustees give their time voluntarity 3nd receive no beneflts from the charty. Page 8
NOTfiNGHAMSHIRE WILDLIFE ThUST REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustee induction and training New Trustees are provlded with an Induction pack and undergo an orlentatlon day to brfef them on their legal obligations under charity and company law. the content of the Memorandum and Articles of Association and Regulations, the corDmittee and detision- rnakI protesses, the business plan and recent financial perforrnance of the charity. Trustees are encoura8ed to attend appropriate external training events where these will facilitatethe undertaking of their rDIe. or8onlt[OTh The Council of Tru5tee5, which can have up to L5 members, oversee5 the charity. The Council rneets a minimum of four tirnes but up to six times per year andthree main committees oftheTrustalso meet regulartyto informTrustee deci5ion-making.These committees cover Sustainability, Nature Recovery. and People & Nature. Council and committees are provided with regular reports, PresetatiOnS and informètlon on strateglc and managemeni Issues relating to ihe charity to assist in decision makine. They are also able to establish sub-8roups to focus on particular issues as deemed appropriate. A network of loral volunteers covers most of the Countyi organised a5 constituted Local Groups. A Chief Executive is appointed by the Tru5tee5 to rnanage the day-to-day operation5 of the charity. To facilitate effective operations, the Chief EMe¢utive has authority, within t2rrn5 01 delegation approved by the Trustees, for operational matter5 including finance and employment. The Chair of the Council of Trustees acts as line manager of the Trust's Chief Executive. The Chlef Executlve Is not a Director appointed under the Companses Act. Nwf Is an independent charlty, one of the Wildlife Tiusts operating in the UK. ThÈ charity 15 0 tnember of the Wildlife Trust5 Partnership (registered as the Royal Society of Wildlife Trust5 IRSWTI, registered charity nurnber 2072381 which act5 a5 an umbrella body ¢arrylng out natlonal advocacy and public relations work on behalf of all Wildlife Trust5. Partner5 have signed a Memorandum of Agreement which sets out minitnum standard5 for rnembership of the partnership such a5 the use of The Wildlife Trusts, logo. All Trust5 benefit from the resources. best practice, and specialist experience of other member Trusts. Membershlp gives the charity a national voice and profile. Decisions of national importance are rnade through The Wildlife Trusts, Council and The Wildlife Trusts. England eomrnittee5. Rqlated partles EMEC 15 a 100% owned subsidiary which provides ecological consultancy. land management sÈryices and projeet rn?nagemÈnt to clients and gift aids i(5 profits to the ch8nty. NottinghamshirE Wildlife TrustTiading Lirnited INWL) 15 a ITh)% owned subsidiary and is the trading 8rm for commer¢i31 activity at Attenborough Nature Centre, Idle Valley Rural Learning Centre and elsewhere. NwrrL also gift aids profSts to NWT. oiher related party Information Is detailed in note 32 below. Page 9
NOTfiNGHADASHIRE WILDLIFETR¢JST REPORTOFThE TRUMES FOR fHÉ YÉAR ENDED 11 MAR(Y Z075 staiemÈnt ofthe Board'sTesponbllitle5 Thelrustees (who are also directots of NWTforthepurposesof cempanylawl 3re responsible fdrprepavlngtheTrustees' Report nd the nnanclal ststements In 3ccordaNc£ w4rh appllcaWe lawand Uned Klngtk)rn A£countlngStandard5 Iunlted Kinldom GeneralA¢Cepted AccountlngPra¢ti¢l. Company Jawrequires theTrust@es to prepareffinanclalstaiemÈntsfor eath flnan¢¢al year whlch Ei¥e a true andfaIrWolthe state of 8ffalr501 the charftable camwany and of the irKoming resource5 and applicatlon of re5ource5. indudlng the income and expenditure oFthe charftable &p11.eI.NwT, EMECand NwrrLI fer thai perlod. In weparin8 thesefinancL71 ststements, the Thjstees are requlred tD: wltèblÈaccOt18polfj¢$ and then apply them conslstenily. Observe the methods and prtnCle5 In the CharltlesSORP. Makelud8emÈnts and esUmatesthatarereasonJble and PTudent. State whether applicable aC¢èuntlnE Standards have been follo, svblectto 4Dyn)aterlal departure5 d.ixlosed and exptalned In the flnancial statements. Prepare the financllstatementS Oh the8uinE cmcern basls unless It Inapproprlateto presumethatthe LharItY11 tontlnue In bu5ine&%. The Trvstee5 are Te5pon5ible forkeepinE propÈr èccountlng records that dlsclosewlth reasonableatturacy at èny tlmethefinanrltl P05ifjon of the thaTltable company and enablethem to ensure thatthe flnancial statements complywlth the compani Act 2006. Thèyarealso resp)nslblefor 5gfÈt,uardini the a55ets of thecharltable company andthEgroup andhence for takln8'.t•sonable step5 fttrrthe prevention dnddetetdm olfrèud and trtr Irregularltles. stst¢ment Bsto dlsdosure of IDformatton to authtors The membersof Board whtswere In offlcevn thedate ofapprov4 of these flnaKlal $tstemeThts hoveconflrmed, as faras theyaTe re, that therels no felevant audli Informatiortof whlch theaudltors are unaware. Each olthemeTnbers of 8oard have conllrmed thattheyhave taken all steps that theyoughtto have taken a5 members of Board In orderto makethèinselyes aware of any relevantaudlt InformatTron andto estsblish that It ha5 been cornmunlcated to the8or. The R2w)rtofthe Member$ol Board. whlth Ir*cludesthE sirateglt Report. was apwoved bythe Board on i slgThed onthelr behalf- 1.1 lJ.112 nd Nlck Par50ns Pale 10
NOINGHAm$HIRE WILDLIFE TRUST REPORTOF INDEPENDENT AuDORsT0THE MEMBERS OF NOINGHAm$H1WIE WILOLIFE TRUST Opinion We have audited the flnanclal statements of Nottinghamshire Wildlife Trust (the parent charitable company) and it5 subsidlèries Ithe 'grDUP'I for the year ended 31 March 2025 on page5 ft)urteen to ftsrty whrh comprise the Group and Parent Charitable Cotnpany Statetnent of Financol Activities. the Group and Parent Charitable Company 5urnmary Incorne and Expenditure Account, the Group and Parent Charitable Colnpany Balance Sheet, the Group and Parentcharitable Cornpany Cash FlowStatement3nd the related notes. The financial reporting Irarnework that has been applied in their prep4ration 15 applicable law hnd United Kingdom Accounting Standard5, includin6 Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republlc of Ireland, (United Kin8dom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and falr vlew of the state of the charltable company's affairs as èt 31 March 2025 and of the Incoming resources and application of resources for the year then ended.. have b@Èn Proper prepared in actordance with United Kingdorn GenÈrèllyA¢cepted Accounti Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Ba515for opinion We conducted our èudit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. resporisibillties for the audit of the financial ststÈment5 section of our report. We are independent of the charitable company In actordance with the ethKal requirements that are relevant to our audlt of the financlal statements in the UK, Including the FRC'S Ethical Standard, and the PTovisions available for small entities, and we have fulfilled our other ethical responsibilitie5 in accordance with these fequirernents. We believe that the audit evSdence we have obtainÈd Is sufficient and appropriate to provide a basi5 for our opinion. Conclusions relatingto goin8 concer We have nothing to report in respect of the following matter5 In relation to which the15As IUKI require us to report to you where.. the directo¢5 use of the goin8 concern basis of accounting in the preparation of the financlal statements is not appropriate., or the director has not disclosed in the flnancial stètements any identrfied tnaterial uncertaintie5 that may cast significènt doubt about the charitable company's ability to ctrntinue to adopt the going concern basls of accountlng for a period of ai least twelve months from the date when the financlal statements are aulhorised for i$5ue. other Informatlon The other informatlon comprises the infortTlation included in the annual report, other than the financial ststements and our Auditors report therÈon. The Trustees are re5pansible for the other in*ormation. Our opinion on the linancial statements does not cover the other informatK)n and we do not express anylorm of a55uran¢e conclusion thereon. Page 11
NOrnNGHAMSHIRE WILDLIFE TRUST REPORT OF INDEPENDENT AUDrroRS TO THE MEM8ERS OF NOTnNfjHAMSHIRE WILOLIFE TRUST In connection with ouraudit of the financial statements, our responsibllity Is to read the other information and, in doin8 50, consider whÈther the other information 15 rnaterially inconsistent wlth the flnancial statement5 or our knowledge obtained in the audit or otherwise ?ppears to be materially misstated. If WÈ identify such material 1nconslstencS or apparent materi31 misstatements. we are required to determine whether there is a materlal misstètement in the financial statement5 or a materlal mi5Statement of the other information. If, based on the work WÈ havÈ performed, we conclude that there 15 a material mi55tatement of rhls other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on othermatters prescribed by the Cornpanies Act 2006 In our opinion. based on the work undertaken in the course of the audit., the information given in the Trustees Report which includes the Oire¢torfs reportlor the financial year for which the financial ststements are prepared is con5i5tent with the financial statements,. and the RÈport of the D1ctorS included withln the Trustee5 report ha5 been prepared In accordance with applicable legal requirements. Matters on which we are required to report by exception In the light ol the knowledge and understanding of the cornpany and Its envlronment obtsined in the course of the audit we have not identified material misstatements In the Olrectorfs Report Included within the Trustees Report. We have nothing to report In respett of the lollowing matter5 where the Cornpanies Act 2006 require5 US to report to you if, In our opinion: adeouate and proper accounting records have not been kept by the parent charitable companv, or returns adequate for our èudit have not been received Irorn branches not visited by us.. or Parent tharitable cofflpany financial staternents are not In agreement wlth the accounting record5 and returns.. or certain di5c105ures of trustee's rernuneration specrfied by law are not made., or we have not received all the informatK)n and explanations we require for our audit; or the tru5tee5 were not entitled to prepare the financial statements in accordance with the small cornpanie5 re8irne and take advantage of the sm811 companies, exemption from the requirefflent to prep3re a Strategic Report or in preparlng the Trustees ptsrt. Responsibilities of Trustees As explained more fully in the Ststementof Trustees ReskX)nsibilities setouton pa8e thlrteen. theTrustees (who a alsothe dlrettors of the charitable company for the purp05e5 of cornpany14wl are re5pon5ible for the preparatlon of the flnancial statement5 and for being satisfied that they give a true ènd fair view. and lor such internal control as the trustees determine Is necessary ta enible the preparatK)n of fin3ntial statements that are free from rnaterial mi5Statement. whether due to fraud QT error. In preparingihe flnancial staternent5, the trustees are responsible forassessingthe charitable<ompany's abilityto continue as a goine contèrn, dist105ing, as applicable, Matters related to going concern and uslngthe gtsing concern basi5 01 accounting unless thetrustees either intend to liquidate the charrtable company or to tease operation5, or has no realistic alternative but to do so. Auditors. re5ponsibilltiesfor the audlt of the finan¢i•l stattrnents Our objectives are to obtain reasonable assurance about whether the financial statements as a whole a free from material misstatement, whether due fo fraud Dr error, and to issue a Report of the Auditors that Includes our opinlon. Reasonable assuranrÈ is a high level of assurancÈ, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will alway5 detpct a rnaterial mlsstatement whÈn it exists. Mi5Statements can arise from fraud or error and are considered maierial if, individually or in the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basls ol these financial statements. P38e 12
NOTnNGHAMSHIRE WILDUFETRUST REPORTOF INDEPENDENT AVOoR5 TOTHE MEMBERS OF NOTfiNGHAMSHIRE WILDLIFE TRUST Irre8ularitie5, Includlng fraud, afe Inst8n¢es of non-compllance with laws and re8ulatlons. We design procedures in Ilne with our responsibilities, outlined above. to detect Tnaterial mi55tatements in respect of Irregularltles. Including fraud. ThÈ Èxtent to which our prtsc&ures are capable of deterting irrÈ8ularities, includin8 fraud Ss detailed below., Revlewingthefinan¢ial statement disclosures and testingto supportintdocurnenlation to assess com lanWIth provisions of relevant laws and regulations described as havln8 a dirett effect on the financi31 staternent5. Specifically reviewlng tornpliance with Charities SORP FRS102 and the Companies Act 2006. Performing recalculations of consolidation process and ensuring any adjustments rnade were ayeed back to supporting doturnent3tion. Performing ana1[ClI Prtxedures to identlfy any unusual or unÈxperted relatltsn5hip5 th may Indicate an increased rlsk of material rnisstatement as a resultof fraud. Perforrning substantive testlng ovw a Selecti of loumal entries made in the period, to address the risk of fraud due to manègement override ol controls. Assessing rnaterial accountin8 estimate5 to determlne if there are indltations of m•na8ement bias. We also communicated relevant Identlfied I$ and regulations and potential fraud risks to all en8agement teèm members. and remèlned alert tts any indlcationsof fraud or non-compliantt with laws and regulations throughout the audit. De5Plte the audlt belng planned and conducted in accordance with ISA% IUKI there remains an unavoidable risk that rnateriol misststement5 in the financial statements may not be detected owing to the inherent limltations of the èudlt, ènd that by their very nature. any suth instances of fraud or irregularity likely invdve collusion, forgeryi intentional misrepre5entotions, or the override of interftal controls. A fvrther descriptlon ol our rponSIblItIeS for the audlt of the flnantial statÈrnents is l¢c)ted on the Flnanclal ReportlnB Council's website at www.frc.org.uk/auditorsre5ponsibilities. This description forms part of our Report of the Audltors. Use of Report Thls rewt Ss made solely to the Company's Trustees rnembÈTS, a5 a body in acccrdance with Chapter 3 of Part 16 of the Companie5 t 2006. Ouraudit work has been undertaken so thatwe might state to theTrustees those mètters we are requlTed to State to them in èn auditor'5 report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsitrllityto ènyone other thèn the Company's Trustees as a btsdy, for our audit work, for th15 report, or for the oplnlons we haveformed. Jame5 Liptrott FCA-SenSor StatutoryAuditOf For and on behalf of TC Group- Ststutory Auditors 10 Stèdlum Bu5ine55 Court Millennium Wèy, Pride Park Derby, DE24 8HP Date.. Pale 13
NorriNGHAMSHIRE WILDLIFE TRUST CONSOLIOATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT AND A STATEMENT OF RECOGNISED GAINS AND LOSSESI FOR THE YEAR ENDED 31 MARCH 1025 ndg¥¥TheDt Fund Total 2025 Toial 20Z4 Unre51ricted otrs lrtcomin8 and endowmethtsfrom.. Donations and legaue5 817,496 2,057,915 4,250.299 50,379 57,202 1.475,097 874,698 3,533.012 4,250.299 75,122 667,375 1.444,743 3.737.763 S6,547 22.702 Othertradin8 actwities InvesttDenis Olher 18,156 6,587 Totsi 7,176,089 1.550,455 6,587 ,733,131 5.929.130 Expenthture on.. Raisin8 funds 4,332,817 2,501,742 2.404 4,332,881 3,840,207 1404 3.922,S27 2.492,480 1,331,878 6,587 Orher Total 6,836.963 1.331.942 6,587 8,175,492 6,415.Q)7 Unrealised 8ainsll105se51 on investrnents l6 114.5501 114,5501 18,984 Nei In¢lt/{eXpend1Eyrt) 324,576 218,S13 S43,089 1466,8931 Other re¢oghised 8ainslllossesl.. Aciuailal gainslllossesl on defined benefit pension 5cheme5 21 15,670 15,670 114.3571 Re8li5ed investments Loss on dpoSal of cuffent investment 8bir¥5/15SE5} on 11,4301 12,7591 14,1891 12,Q)01 12,1)(M)I Nei mtyerntnts in fvnds 336,816 21S.754 552,570 1481.2501 Retonrlllatlon Df lunds: TNan5fers between funds Totsl funds brought forvdrd 1,812,679 3.194,212 188,210 5,195,101 5.676,351 Totsiiunds t•rriedfon¥•rd 22-24 2,388,494 3,170,967 188,210 5,747.671 5.195 101 The 5taternent ol financial activities cont31Trs all gains and losses for the year and all actlvities relate to contlnuing operation5. The profit for the purposes of the Companles Act 2W6 Is the net incoming resources before unrealised1055es/gain5. Page 14
NOTtINGHAMSHIRE WILDLIFE TRU CONSOIIDATEDAND CHARrrY BALANCE SHEET A5AT 51 MARCH 2025 roup Otatrfty 2025 2024 2025 2024 ot¢s Fl¥ed •ssets Tangible a55et5 Herikie assets InVestnt5 14 15 1.357,861 2,089,062 J,058,IIA 1.3&5,236 2.089,062 1,076.773 1.243.544 2,089,062 L058.318 1,253,939 2,089.062 1,076.973 Totsl flxed assets 4.505,041 4,551,071 4.390,924 4 419.974 Cu¥rentassets Stocks Debtors Inve5tmÈnts C45h atbank and In hand 17 18 19 140?09 1.199,554 180,J92 1.121.289 2.000 1.467.170 56.306 L106,946 61,613 942,001 2.000 1,227.561 1015.753 Total CUTreni assets 3,856,216 2,770.651 2,701,860 2,233,175 113billtles C¥edltors'. Amount5fallln¢ duevrithin one year 20 1,98S.1491 11027.6211 L365,184 ¥461.9141 Net currentassets Credltors Amounts f81nnB due after th3noneyear 1.371.067 743,230 1,336,576 771.261 Net assets exdudlnq provislonsfaT Ilabllitte5 5,876,108 5.294,101 5.727,51W) 5,191,23S Proth5Ion forllabllltle5 21 112&437 199.WOI 1128,4371 99.000 Tot81 et assets 5,747,671 5,195,101 5,599.063 5,LY42,235 Th4 fuod$ of ihe charlw Aesrricted Intome fund5 Endowmenr 22 23 3.170,967 188,210 3,194.212 188,210 3.170,967 188,210 3,194,212 188.210 3.359,177 3.382.422 3,359,177 3.382.422 Ll)restritted fuds Mlnorltyinterest 2.384494 1,812.679 2,239.886 L709.813 Total funds 26 5 747,671 S,19S.iOi 5.599.063 5.092,235 Th nts were Bpproved bythe Board on Chèir- Nld( Parsons IilI,ILf Trea r¢r- Colln G The notss p8Èes 17to 40form p)rtofthes&ac£ounts ornpanynumber LX1748865 Pa8e L5
NoINGHAM$HIRE WILDUFE TRUST CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2Q25 2025 2024 2024 NDtes Cash flowsfrom oporatlng artfvlttes.. Net¢ash provided by Iused in) operatln8 a)tIeS 31 642,003 475.490 Cashfknws Irom Investsng a¢t1¥1t$.' Dmdends, iDrerest and rents from in¥esiments Purcha5È0f tènkible liyÈd 25SÈts Payrnentsto acquire 5hare5 Saleof fixe() asset inwe5tmenrs 75,122 47,710 176.3701 111,9501 12.950 Iis,(Kioi 19,199 Netcash PfO¥ided ty lused In) lrtvestini è¢OvltiÈs 548,583 7.0 Cashflow5 Irorn financing actlvltles Repayments of boriowin8 Ner castr Inflows frorn new boNowlng Net<asb used In ftnan¢1rb8artffit1e$ Charn in cash and cash equivalents inthe reporbngperfod 548,583 447,830 Cash and cash equivalen15 ai the be8innin8 of the reporting period 1467 170 1,019.340 Cash and ¢a$h Èqu4vaknts atthe end of the repDrtlni period 2,015,753 1,467,170 Page 16
NOTnNGHAMSHIRE WILDUFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Statutory Infom)ation Nottinghamshire Wildlife Trust is a private limitetl company, lirnited by guarantee, registered in England and Wales. The companvs registered nvrnbei ènd reElStered office address can be found on the company information page. Accountln8 policies Basis ol atcounting The linancial $taterneDts have been prepjred under the historical c05t convention. with the exception of listed investments which are included at their rrarket value. The financial 5tatement5 have been prepared in accordance with the Charity Commission 5taternent of Recommended Practlce- Accounting and Reporting by provisions of the Charities SORP IFRS 1021 Accounting and Reporting by Charitie5.' Statement of Recommended practice applicable to chèrityds preparin8 their accounts in 3ccordancewith the Financial Reportlng 5t3nd8rd èppllcable in the UK and Republlc of Ireland (effective lJanuary 20191. The Trustees £onfirm that thE Charity Is a public benefitentity.The financial statetnents are presented in Sterlin81£1. 60in8 Concern This year showed an improvement on last year even after unexpected costs. The Trustees have revlewed the charitW5 financial posrt%on. including Its reserves and future forecastg, as part of thelr assessment of the charity's ability tts Continue as a golng concern. Although the charlty has reported a deficit for the current finan¢ial yÈar, it holds signrficant Cash reserves that are sufficient to cover operational costs forthe foreseÈable future and mklntain its cash reserve policy. In additlon, the Trustees have approved a budgd forthe next h'nancial ye)r that project5 a break¥en position. The forecasts and cash flow projections have been prepared with reasonable assumptions regarding Income and expendittsre. Based on these reviews, the Trustees are confident that the charity has adequate resources to meet its Iiabilfties as they fall due for a period of at least 12 months from the date of signing the financial statements. Therefore. the Trustees consider it appropriate to prepare the flnancial statements on a going concern basis. Group Ac¢ounts The Statement of Financial Activitie5 ISOFAI and Balance Sheet con501idate the financial statements of the charity and its subsldiary undertaking5. The results ol the SubsdIar1e$ are consolidated on a line by line basis. Thecharity has availed itself of Paragraph 4111 of Schedule l ofthe Larg@and Medium-sized Compan& and Groups (Accounts and Reportsl Reeulations 2CK18 and adapted the Companies Act formats to reflect the 5Petial nature of the tharity'5 activities. No separate SOFA ha5 been presented for the charity alone a5 pertnitted by Section 408 of the Companie5 Act 2006. As most ofthe income frorn the 5ub51diary companies is transferredto theTrust the viewtaken is thatthere is nu significant difference between the Group and Companyfigures. The subsidSaries are accounted for separatelyfor tnan4gerynt control purposes. Fund 1.4.1 Unrestricted Funds These funds can be usÈd for any of the thaFity'5 purpose5. 1.4.2 Re5trirted Income Fund5 These fund5 have been given to the Trust for a particular purptsse to be v5ed in accordance with the wishes of the donor. Where incorning restricted funds a for the specific purpose ol purchasing a5set5 Wlth an expected life of 10 years or less, then the Trustees wlll conslder the restriction sètisfled once the a55et has been wrchased. An equivalent amount will be trènsferred from restricted funds to general funds in 5wh cases when so determined by the Trustees. 1.4.3 EndowmeDi funds Thesefunds have been given to theTrust for a particular purpose to be used in ac<ordance wth the wi5he5 of the donor. The capital can generally not be reallsed. Pa8e 17
NOThNGHAMSHIRE WILDUFE TRUST NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025. CONTINUEO 1.4.4 De$i8nated funds and Earrnark Projerts The Financial Contingencry Fund represents monies Set aslde by the Trustee5 to cover unexpected cash flow deficits, or unexpected Unavoidab cost5 in order to be able to discharge the Trust's objectives effettlvelv. Incomlng iesotsr¢es All incoming resource5 are recognised Br05s in the statement of financial activities when the charity is entitled to the Income and the arnount can be quantified with re850nable accuracy. The following specific policies are applied to particular categories of income.. Voluntary Income recelved by way of grants Is recognlsed in full when the is entltlefflent, certainty of receipt and the amount can be measured with sufficient ieliability. Such income is deferred when.. The donor specrfies that the grant or donation rnust only be used in future accounting periods.. or The donor ha5 imposed condititsn5 which rnust be met before the charity had uncondltional entbtlement. Lega¢ies and 8ifts are recognised at the earlier of receipt or at the time the amount can be measured with reasonable certainty. tlondtions are recognised when received. Donated servlces and facilit5 are included at the value to the charity where this can be Quantlfled. Items donated for resalÈ are included as incoming re50urce5 Wlthin the activltle5 for generatlng fund5 when receivable. The gross values of don3tÈd assets are reco8n15ed as incorning resources and within the relevènt fixed asset category of the balance sheet when receivable. Income from cornmercial trading activities excluding VAT is recognised for goods on delivery and for 5ervice5 to the extent that the <u5tomer ha5 an obligation to pay all or part of the contract sums. Investment incorne is recognised on a re¢Vable basis. Incornes from endowment funds are restricted. Income held foTthird partie5 is not included in incoming resources. Volunteer Help The Trust receives support from a wide variety of volunteer5. It is not currently practical to place a value on the time volunteered by all these persons. due to the varlety of dut5 perforrned, the differences In tlme spenL and the Sheer number of volunteers who gave of their time. Membership Income Membership income is recognTsed on a receivablt ba51S. Page 18
NOTnNGHAMSHIRE WILDLIFE TrUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025. CONTINUED Resources Expended Indirect Costs are allocated to the expendlture headln85 ln the SOFA on the basls ¢f the number of ernployees in each area of work. Cost of Ralslng Funds consl$ts of expenditure relating to appeals, communicat15 requesting fvnds, applying for grants and othergeneral publ*lty as part of fundraisinE together with associated support activitie5 and cost of sales. Admirii5tration and Support of charitable activities consists of those costs incurred in support of expendlture on the objects of the charity. These include the provision of the premises. personnel. information technology and audit fees.. these are allocated to actwit¥e5 on the ba51s of the proport10n of direct costs of Individuals conduttinÈ the 8ctivr(les and afe Set out in note 10. 1.8.1 Irreci)verable VAT The charity is parti)Ily exempt. Irrecoverable VAT 15 allocated to the apwopriate cost categories. Flxed Assets Unless OtherSe stated, tafigible fix2d assets are 5t)ted at cost less accurnulated depreciation. Depreciation rates are reviewed annually and have been computed to write off the cost ol tsnÉible Ilxeé assets to their estimatetl realisable value aftertheir useful lives using the following rates.. Asset Category Freehold Iznd FeOI building5 & reserves Fixtures. fiitings and equipment Plant, equipment & vehicles Annual Rate No depreciation 10- So years straight line 3- Ioyears strai8ht line 3 S years straight line Impalrment- assets are assessed at the year-end as to whether there Is any Indicatlon that an asset may be impaired. 1.10 Herltage assets The Charity's objects Include the conservatlon of nature for the purpose of study and research and to educate the public understanding and appreciation of nature, the awarenÈss of its value and the need for its conservation. A5 such the Charity owns and Maintains a number of nature re5eNe5 that fall into the definition of heritage assets in accordance with FRS 102. Donated herrfcage assets acquId in a¢counting period5 ending 31 Oecember 2005 are included at cost Ilncluding legal and other fees) since there is no relroble data on which to construct valuatlons of land asset$ used for nature Conservation purposes. The heritage assets whlch ère èll held as physical land, are assumed to have an indefinite economTt lrfe and therefore are not depre¢iated. The cost of an annual impairment review of these assets 15 prohlbitivÈ and therefore ha5 not been undertaken. Afterthat date, donatiOD50f heritage a55ets will carrya value in the balance sheet and be Included ès income in the Statement of Financial Activities in an amount to be derermlned by reference to any availèble market information in the location of the asset appropriately discounted by reference to the restricted use. where the costs Involved in establlshing the valuation are not reasonable compared to the benefit gained by a reader ol the financial statements then no valuatlon will included and an explanation wll be given. The costs of maintaining the heritage assets are expensed throu8h the Statement of Financial Activitie5 as Incurred, as part of the TrusY5 charitable activities. Page 19
NOTniiGHAMSHIRE WILDUFE TRUST NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH ZOZ5- CONTINUED 1.11 Irwe5tments Investments are stated at market value. It is the Trust's policy to keep vJluation5 UP to date such that when investments are sold, there is no gain or loss arislng relating to the previou5 year. As a result, the SOFA includes those unrealised gains and losses 8risin8 from the revaluation of the investment portfolio attheyear end. Disclosure 15 made in rhe notestothe accounts of the drfference between historic cost and sale proceed5 of investments sold during the year. Investments in subsidiarie5 are included at cost. 1.12 Stocks TradlnE stocks have been valued at the lower ol cost and net realisable value. The trust also has sheep and cartle that are usÈd to maintain the land on it5 nature reserve5, thi5 livestock ha5 been accumulated over many years. These have been valued in accordance with HMRCguideline5 and included in the stock valuation. 1.13 Pensi¢)h Cost5 The charlty Plrtlclpated in a rnulti-employer defined benefits pension scheme. the Wildlife Trusts Pension Scheme, for some of its empltsyees. Thi5 was operated by the Royal Society of Wlldllfe Trusts and associated Wildlife Trusts, This scheme closed in 2011 forfuture contributions. The pension liability the SPonsibl11tY of the Wildlrfe Trust penSn Scheme which has identified the assetslliabilities ofthe scheme that are Bttributable to the charity. The value of the a55et/liability has been shown 5ep3rately on the balance sheet. PensK)n scheme assets a meèsured at tsir value ènd liabilities are measured on an actuarial basis using the projerted unit method and distounted at a rate equivalent to the current rateol return on a high quality corporate bDnd of equivolentterm and currÈnty to the liabilitie5. The actuarlal valuations are obtained at least triennially and are updated at each balance sheet date. The pension surpluslldeficitl is calculated based on net present value of future deflcit payfnents over a Set term, which is currently 8 years. Thi5 is in accordance with current UK GAAP under FRS102 SORP. The Trustalso operates a defined contribution scheme forthe benefit of it5 employee5. The costs ofcontributions are written off against Incoming resources In the Veèr they are payable. The assets of the scheme are held separately from the Trust in independently administered fnds. 1.14 L8•5¢5 and Hlre Purchase Commitments Rèntals payèble under operatin8 leases are charged to resources expended on a straight-llne basis over the period of the lease. Ad hoc hire of machinery and equipment is chargedto resources expended when Service provided. A55ets obtained under hlre purchase contratts or finance lea5e5 ère c&pitalised in the b313nce sheet. Those held under finance leases are depreciated overtheir estimated useful live5 or the lease term, whlchever is rhe shorter. 1.15 Deferred Taxatlon Deferred tax is provided in respect of the tax effect of all timing differences that havè originated but not reversed at the balance sheet date. A deferred tèK a55et 15 regarded as recoverable and therefore recognised only when, on the basis of all available eviden. it can be regarded as more likely than not that thÈrè will be suitable taxable prolit5 from which the future reversal of the underlylnÈ timing differences can be dedurted. Page 20
NorriNGHAMSHIRE WILDLIFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 MARCH 20ZS- CONTINUED Deferred tax is measured on a non-discounted bèsi5. at the average tèx rates that are expected to appty in the periods in which the timing differences are expected to reverse. based on the tax rates and laws that have been enacted or substantively enarted by the balanie sheÈt date. This accounting policy Is relevant for the subsidiaries only. As Is stated in note 12. Nottinghamshlre Wlldllfe Trust Is a re8lStered charity and is thus exempt from tax on income and 8ains. 1.16 Employee BelfitS The cost of any unused holiday entitlement is recogni5ed in the period in whith the ernployee5' services are te1ve. Termination of benefit5 are recognised immediately as an expense when the cornpany 15 demonstrably committed to terminate the empbyment of an employee. or to provide termlnatlon benefits. 1.17 JudKement5 ond KÈY Sourtes Df Estimatloft Untertalnty The pparatIon of accounts uslng generally accepted accountlng princlples requires mjnagement to make estimates and )55UrnPtions that affect the reported arnount5 of a55ets and liabilities at the date of the accounts and the reported amounts of revenues and expenses durin8 the reporting period. The key estimates and a5sumption5 Used in these conSolated financial Statements are detailed in notes 1.5. 1.8 and 1.13. 1.18 Debtors Debtor5 are recognised at the settlement amount owed to the Charity or prepaid. 1.19 Creditor5 Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that %yill probably result In the transfer of funds to a thlrd party, and the amount due to settle the obligation can be measured or e51irnèied liablY. Creditors èn(J provisions are norrnally iecognised attheir settlernent amount. 1.20 Finanriol In3tryrnent5 The Charity has financial asset5 and fin3ncial liabilities of a kind that qualify as basic financial in5trument5. Basic financial instruments are initially recogni5ed at transaction value and subsequently measured at their settlement Value. Donatlons and lega(les Endowmeng Fd 7otal 2025 Total 2024 Unrestritted RE5trKied Mefflbership inwme Donations Le8acies S83.524 59,410 174,563 583,524 116,612 174.563 545,381 102.944 19.0S0 57,202 817 496 57.201 874,698 667,375 Page 21
NOINGHAMSH1RE WILDUFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- CONTINVED Chwilable #rti¥blie5 Endowment Fund Total 2025 Total 2024 un$TrItted Re5rrtted Grants and contract5 Primary purpose tradin8 154.44S 1,gOa,470 1,430,205 44,892 1,$84,6SQ 1.948,362 960,143 484.600 2,057.915 1.475.097 3,533,012 1,444.743 Other trading artNities Endowmanl Fund Total 2025 Total 2024 UnrestrKted R25tfiCted EMEC 2,991,229 1.259,070 2.991,229 1.259,070 2.643.321 1,094,442 4,25D.299 4.250.299 3,737.763 InvestmÈrt itt¢ome Endowment FLd Total 2025 Total 2024 Unresirlcred Restrirted 8anklnierest Inveslrnent5 listed on stock exchange Realisedgain5 tsn(li5P05al of investments 37.911 37.911 20,166 12,468 18,156 6,587 37.211 34,131 2,250 50,379 18.156 56,547 other income Endowment Fund Tor Z025 Unrestricted liestrited 2024 Other 22,702 22.702 Page 22
NOTfiNGHAMSHIRE WILDLIFE TRUST NOTES TO THE ACCOUNTS FOA THE YEAR ENDED 31 MARCH 2025- CONTINUED Expendlture on ralsing funds Toral 2025 Total 2024 Unrestricted ReSt[ted FUndraing Membership Subsidièry company tosts Investment mana8ement 140.651 289,026 3,903,140 140,715 289.026 3,903,140 158,580 318.388 3,445,559 4.332,817 4,332,881 3,922,527 Ch•rlt•ble a¢tivltle$ Endowment Fund Unresliicted Restricted 2025 2024 Nature Recovery Peo & Nature 2.238,813 262,929 1,222,796 109,082 6.587 3,468.196 372,011 2,089.244 403.236 2,501,742 1,331.877 6,587 3,840,207 2,492,480 Total 2025 Total 2024 Diretl Costs Support Nature Recovery People & Naiure 2,974,S70 258,082 493,626 113.929 3,468,196 372.011 2,089,144 403.236 3.232.652 607.555 3.840.207 2,492.480 Total expenditure Cdsts Support 2025 2024 Raisingfunds Nature Recovery peoe & Nature Governance 4.232.498 2,974.S69 258.082 I.33 493.626 113,930 2.404 4.332.881 3.468.19S 371012 2,404 3,9Z2,527 2,089,244 4D3,236 7.465.149 710.343 8.175.492 6.415.7 Page 23
NOTfiNGHAMSHIRE WILDUFE TRUST NOTES YO THE ACCOVNTS FOR YHE YEAR ENOED 31 MARCH 2025. CONTINUED 2025 2024 Total resources expended are stated after charging.. Auditorfs remuneratlon audit other senfice5 Depreciation L0551lgainl on disposal of inve5trnents L055llgainl on disposal of fixed assets Arnount5 payable under operatin8 leases 19,800 1,964 129,543 4,189 70,563 74,412 15,550 3,000 169,712 12,2501 110,761 10 AnaEy515 of support costs Nature Recovery People & Nattsre Governance Fundralsh)g Mernbershlp Total 1,6ZI 1.961 17.614 4,065 27.665 Flnance 4,305 5,207 46,773 10,795 67,080 premises 2,919 3,530 31,716 7,320 45,486 Vehides 1,673 2,023 18,174 4,195 26,064 Other wsis 3.905 4.723 42,429 9,793 60,850 Staff Costs 27.793 33,612 301.952 69,691 433.048 Depreci3tion 3.892 45,435 S4,948 493.6Z6 113,930 710.343 Support costs are allocated to 3ctlvlties on the basis of the proportlon of direct costs ol individuals condurting the attwities.. Nature Recovery People and Nature FundraSsin Membership Governance 69 16 Page 24
NOTnNGHAMSHIRE WILOUFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH ZOZ5- CONTINUED 11 Staff costs 2025 2024 The fflovement in the year is Stated after charging.. Salaries ondw¥e5 Social security costs Otherpenslon Costs 2.763,353 217.252 274,519 2,519,307 196,756 210,570 3,25S,124 2,926,631 Employees The average nurnber of employees calculated onthe basi&of fl-11MeeqUivants, analysed by function was.. NaturÈ RecovÈry People & Nature Fundraisin& Marketing & Comms Tradin8 Consultancy Businesssupport & Development 17 21 14 35 14 27 92 86 The total average head count was 13312024.. 1291 Board's and employees, ernoluments Members of the Board did not re1ve any remuneration or beneflts In klnd durlng the perlod. Costs incurred by the B¢afd travelling on Trust business and relmbursed to them amounted to £Nil12024.. £Nill. Total donations Teceived frorn Members of the Board were £1,25712024". E5641. One employee received a salary In the band £60,CXK>- f69,999 in the reporting peiiod12024.' onel. Total remuneration of key rnan38ement personnel in the period was £425.44812024'. £414.0281. 12 Taxation 2025 2024 Corporation tax Oeferred tax The Nottingharn5hire Wildlife Trust Is a registered charity and is thtss exempt from tax on Income and gains falli within section 505 of the Taxation Act 1988 or s256 of the Taxation Df Chargeable Gain5 Act 1992 to the e¥tent that these are applied to Its charitable objects. No tax charges have adsen in the Charity. Page 25
NOTTINGHAMSHIRE WILDLIFE TRUST NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- CONTINUED 13 Pertsitin •rrangprn¢nt$ The Trust operates a Group Perstsnal Pension Scheme. Contributions to the scheme are charged to the accounts as they fall due. The Trust has Set up a stakeholder pension plan. open to a51 ernployee5. to cover those who do not wish ro contribure to the Group Scherne. to which no employer's contributions are rn3de. Total amounts pald durlng the year were E274.51912024'. £ZIO,5701. 14 7¥nBible a55et5 Group freehold Land, Buikling & Reserves Plajit & Machinery and Motor Vehicles Imwovements topioperty Toral As restated Equlpment C05t or donated val l April 2024 Additions Revaluaison Dispos*s 6,052,061 20.246 82,175 4.452 431.841 41.893 403,702 106,140 6.969,779 171731 1,383.720 129,384 128,620 1,641,724 At 31 March 2025 4,688,587 86,627 344,350 381,222 s,5,786 DepreciJtio At l April 2024 Charge for the year Di5P05315 2,830,998 47.586 1,317.226 39,58? 10.290 361,227 44.242 129.365 263,669 27,425 124.570 3.495.481 129,543 1,571.161 At 31 March 2025 1,561,358 49,877 276.104 166,524 2.053,863 NetboDk value At31 March 2025 3,127,228 36,750 68,246 214.699 1,446,923 At 31 March 2024 3.221.063 42,588 70,614 140,033 3,474,299 NBV carried forward Heritage assets of 2.089.062 2,089.062 Page 26
No[NGHAM5H1RE WILDUFE TRUST NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 MARCH 2025- CONTINUED Talble a55ets-continued Charity Reserve Plant & Mathineiy and Motor Vehides Freehold Land, Buikling & Reserves Axlures, Fitting5 & Equipment Tot31 As restated Cost ordonatsdvalue l April 2024 Additions 6.052.061 2D,246 222,845 8,208 282,747 106.141 6.557.653 134.595 txsposè 1.383,720 129.384 128.620 l641.724 Al 31 Maich 2025 4,688,587 101,669 260.268 5,D50,524 DeprecIaan Al l April 2024 Ch318e foT the year Disposals 2,83D,998 47,586 1.317.226 207.391 11.150 129.365 176.263 15.691 124.570 3.214.652 74,427 L571,161 Al 31 Marth 2025 1,561,358 89,176 67.384 L717,918 Netbook ¥glue At 31 March 20ZS 3,117,228 12,493 192.885 1.332.606 At 31 Morch 2024 3.221.063 15.454 106,484 3,343,Lh)I Herlts8¢ 35S¢ts The Trust's nature reserves are held to advance the conservation oL4'ectives of the tharity and theiefofe are recogni5ed as Herita8e a55ets. Such è55et5 are central to the achievements of rhe Trust. Purchased heriiage assets are included in the balance sheei at cost. D¢Thad heritage assets are rècognised at an amount determined by reference to any awailable market informaiion in ihe locarion of rhe asset appropriately discounred by ieference to the restrlcted use. Page 27
NOTnNGHAMSHIRE WILDLIFE TRUST NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- CONTINUED 15 Heritage assets- contlnued fjvè year summary of heritage a5Stt tran5artion¥ 202S 2024 2023 2022 2021 Cost brought forward Purchases In year Depreciation 2,089,062 2,089,062 2.089,062 2,089,062 1,339.062 750.01)0 C05t carried forward 2,089,062 2.089,062 2,089,062 2,089.062 2,089,062 is not practical io separately identify the arnount Spent on rnaintaining these ès5et5 as it IS 50 integral to the general Work of the Trust. Investments tyioted and listed Irwestments Group 2025 2024 Quoted investments Cash hpld 85 part olthe portfolio L044,543 13.575 1.058.118 1.052.858 23.915 1,076,773 The movement on quoted investments Is as follows:. 2025 2024 Marker value at l +Wrll Additions at cost Disposa15 at markelvalue broughi forward 1.076.773 Is,000 1,056,539 11,950 110,7th)1 18.984 114.5501 85 Miscdlaneous tharges/lncome Mathei ¥alue ai 31 Maich 2025 1,058,118 1,076,773 Historic C05t at 31 MaT¢h 2025 1,020,392 1,045,495 Chaffty Quoted and listed in¥estmen15 5harek in 5ubskliary undertakin85 1,058.118 2L¥J 1,076,773 2(K) 1.058.318 1,076,973 Page 28
NOTnNGHAMSHIRE WILDUFE TRUST NOTESTO THE ACCQUNTS FOR THE YEAR ENDED 31 MARCH Z025-CONTINUED Imestments Itontlnuedl No investments are considered to be materlal In the cofflext of the value of the porrfollo. Nott¢nghamshire Wildlife Trust own5 the entire Share capital1100 ordinary 5hare5 of £1> in its 5ub5idiary, East Midland5 Environmental Consultants rnited, whKh 15 incorporated in England and Wale$. Nottinghamshire Wildlife Trust also owns 100% of the share capital IIQO ordinary shafes ol £1) in its other subsidiary. Nottinghamshlre Wildlife Trust Trading Llmited, whlch is incorporated in England and Wales. Further details conorninE the aciwities and assets ol thÈse tompanies are gNen In note 25. 17 Stock5 GFoup 2025 GrDUP 2024 Charity 2025 Charity Z024 84,603 56,306 140.909 118.579 61.613 180,192 Livestock 56,306 56,306 61,613 61,613 Debtors Group Companv 2025 2025 2024 2024 Trade debtors Amounts due from subsidiary companles Other debtors Prepaymen15aryJ accrued irtorne 575.473 735,140 223.684 331.852 467 550.943 444,108 30J.418 73.138 550.943 189,674 196,475 1%,475 1,199.554 1,121,289 1.106,946 942,LX)I 19 In¥eMments-Curreni assets Group and Company 2L125 2024 Artwork Creditor& Amountsfalling due within one year Group Campanv 202S 2024 2025 2024 Trade creditor5 other treditors Amounts due to svbsidiary tompartes Social se¢urity andother taxes ACcial$ and delerrEd income 680.183 33.069 492,982 394,651 456,140 30.579 35.S26 2?.988 815,051 217.113 26,872 97,507 lJl,161 989.261 S5,7SO 1,216,147 150,727 989,261 1,98S,149 2,027,621 1,365,284 1,461,914 Page 29
NOTnNGHAMSHIRE WILDLIFETRUST NOTES TO THE ACCOUNTS FOR THÈ YEAR ENDED 31 PIIARCH 2025- CONTINUED 21 Provision for liabilities Group 2025 Group 2024 Charirv 2025 Charity 2024 Defined benefit pen0 liabiliiy 199.IKJOI 1128.4371 199.CWI Oefined beneftt pension Ilblllty The pen510n Scheme is The Wildlife Trusts Scheme which 15 a murti-ernployer scheme. is contributory and wa5 operated on behalf of certain employees of member Trusts. The defined benefit scheme was frozen in 2011 with a deficlt and the penslon trustees have in¢yrred further losse5 Sin that date due to changes in the value of Investments as well as ch3n8es to actUaTial 3s5umption5 applied to the fund. The Royal Society of Wildlife Trusts IRS> has inve5t4¥ated whether additignal payrnents to the WildlifeTrusts Pension Scheme by Nottin8h3mshire WildlifeTru5t are required to meet historic penyon Ilabilities. Mana8ement's best estimate of potential expenditure to be incuTred is currently included within the provision. Penslon 8Naniements The Employer, the Nottln8hamshSreWildlifTrust, Isone ofthepartitipating Employers in theWildlifeTrvstsPen5io0 Scheme I"theScheme-I, a UK re8lStered trust based pension scheme that prDvides defined benefits. Pension benefits are linked to the members, final pension2blÈ salarie5 and service at their retirement lor date of leawnL if earlier). The Trustee of the Scheme 15 responsible for running the Scheme in accordance with the Scheme's Trust Deed and Rules, whlch s5 out thelr powers. The Trustee of the Scheme is required to art in the best intere5t5 of the beheficiaries of the Scheme. There are two categories of pension scheme members.. DefeJred members.. former active member5 of the Scheme who are not yet In rept of a penslon. Pensioner membÈrs.' members who are currentlyin recwpt of a pen5iC*n. Until 2011, the Trust participated in the Wildlife Tru5rs Pension Scheme, a hybrid, multi-employer pension Scheme. which provide5 benefits to rnÈmber5 on a defined benefit or a defined contribution bass, as decsded by each employer. From 2011 thè s¢hemÈ was closed to future accrvoj of defined benefits. The amounts reco8nlsed In the statement of financial position are as follovis.. 202S Defined beriefit pen510n plan asset Defined benefit pension pn1bIlIty 549,536 578,9731 Net defined benefit assetllliabilityl 129.4371 Restriction on net stheme asset Total assetsl Illabllitiesl recognised 129,4371 Changes In the present value of thÈ defined benefit obligations are as follows.. ZOZ5 At l April 2024 Interest expense Past service c05t Benefits paid Remeasurements.. Actuarial 8èins and losses 1546.2911 125.8671 194.7591 26,225 61,719 At 31 Marth 2025 1578,9731 Page 30
No1NGHAMsH1RE WILDLIFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH ZOZ5- CONTINUED Chanaes in the fairvalue ol plan agsets are as fDIIows'. 2025 At l April 2024 Interest incorne Benefit5 paid Administrètion expense5 Contributions by employer RemeasurÈments'. Return on plan assets, excluding amount included in interest income 579,149 27,816 126.2251 120,1121 34,957 146.0491 At 31 Marrh 202$ 549,536 The total costs forthe year In relation to defined benefit plan5 are as follow5.. 2025 REcogni5ed in profit or b55.. Net interest inco Admlnistrative expenses Past service cost 1,949 120,1121 194,7591 1112,9221 Reco8nlsed In other comprehensive income.. Remeasurement of the liability.. Actuarial 8ain5 and Ilosse51 15,670 15.670 The pritKip41 actuarial 355UrnPtions as at the statement of financial poS10n date were.. 2025 Discount rate 5.80 2.75 3.30 Mortality rate5'. Current pensioners at 65- male Current penstoners ar 65- lemale Future pensioners at 65- male Future pen510ners at 65- female Rate of Increase of pensions in paymeDt- pensions accrued before l Julv 1996 Rate of Intase of pen510ll5 in payrnent- pension5 accrued after l Julv 1996 Rate of in¢8$e of pensions in deferrnent 22.30 24.80 23.60 26.20 3.15 2.75 The fflort)litY a55UrnPtion5 for the scheme Ilabillties post-retlrement have been based on the $3PMA/S3PFA year of birth tsbles with CMI 2023 PToject5. Whsle the mortsllty assumptions for the scheme liabilities pre-retirement are in line wth morrèlity after retirement. Page 31
NOTfiNGHAMSHIRE WILDUFE TRUST NQTESTO THE ACCOUNTS FOR THE YEAR ENDÉD 31 MARCH Z025- CONTINUED Restri¢ted Inrome fund5 Year Ended 31 March 2025 Asar 3103.24 Gainsl IL05Stsl A53t 31.03.25 Incomi Oun6 Transfers 2024 FuThdd Land Jke's Wood Rae School 1,569.015 39.821 359,836 1,569,015 39,821 343,675 450,1)00 1,569,015 39,821 359,836 450,000 1.394 1,394 16.161 IS,750 IS,7SO Atienbtrrou8h Vi5itorCenlre 775.540 3,194,212 7.084 40,389 768,456 3,170,967 775,S40 3,194,212 17,144 Year Ended 31 March 2024 Asai 31.03.23 G3ins1 ILossesl A5at 31.03.24 Incomi Ouwoin8 Transfers 2023 Funded Land Duke's WoDd Ragged Stho 1,569,015 39,821 367.916 450,(XM) 1.569.015 39.82L 359,836 450,00) 1,569.015 39.821 367,916 450,0 1.394 1,394 15,750 15,750 Allentx>rough Visitorceniie 829.3Z3 3,256,075 53,783 79.0)7 775,540 3,194,212 829,323 3,256,075 17.144 Funded Land represent5 the lunds provided by donors and Erant makefs toward5 the capital cost5 of the Wildlife Tru5Vs nature reserves. Duke's Wood represents restricted fvnos made available for the long-term management and enhancement of thÈ Wildlile Trust's Duke's Wootl nature reserve. RaEged School represents the funds provided by donors and grant makers towards thÈ capital cosi olthe Old Ragged School as office accommodation for the Wildlife Trust. Be3con Hill represents funds provided for the long-tÈrm managetnent and enhanCet of Beacon Hill nature reserve. Any future capital growth beyond the fund's need may be tranSferd to unrestricted fvnds. Page 32
NOTnNGHAMSHIRE WILDUFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENOÉD 31 MARCH 2025- CONTINUED Endowment Funds Yeèr Ended 31 Mèrch 2025 Asat 31.03.24 Gains/ A5at 31.03.Z5 Incomin8 Oui8oin8 Transfer5 2024 PIou6hman Wood North Muskham Woo£llhorpe Meadow 102,708 28.749 56,753 188.210 3.595 1.Tr)6 1,986 6,587 3,595 1,006 1,986 6,587 102,708 28,749 56,753 188,210 Year Ended 31 March 2024 Asat 31.03.23 Gainsl ILosse51 Asat 31.03.24 IrOmin8 Our8oin8 2023 Pbu8hman Wood North Muskham Woodthorpe Meathw 102.708 28,749 56,753 188,210 3,595 1,006 1,986 6,SB7 3,595 I,CQ6 1.986 6,587 102,708 28,749 56,753 188,210 102,708 28,749 188.210 Ploughman Wood represents endowrnent funds for the long-term management and enhancement of the Wildllfe Trusys Pk)ughman Wood nature reserve. North Muskham represents endowment funds for the lon8-ierm management and enhancement of the Wildlife Trust's North Muskham nature reserve. Woodthorpe Meadow represents endowment funds for the lon8-term rn3nagernent and enhancement of the Wlldllfe Tru5Vs WoDdthorpe MeadDW nature reserve. Page 33
NOTllNGHAMSHIRE WILDUFE ThUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 MARCH 2025-CONTINVED Unrestricted Funds These funds have beÈn set aside for projects that are riot fullyfunded by restricted incorrE. Any unspent funds will be spent over the comlng years for expenditure used to run Nottyngharnshi Wildlife Twst. Group Year Ended 31 March 2025 Asat 31.03.24 Gains/ (Losses) Incomin8 OutgoinÉ Transfers Asat 31.03.25 2024 FlnantlalContin8ency Fund 250,0 250.000 250,000 Pen5K)n Fund General Reserves 29.437 128,437 1.360.813 102,866 1.812,679 S(M).637 4,250,299 4,780,373 1.861,450 148.607 2,388.494 1,360,813 102,866 1.812.679 Tradkngsubsldiarles 4,2D4,558 4,204,SS8 Charity Year £nded 31 March 2025 Asat 31.03.24 Galnsl (Lossesl Incoming Outgoing Transfers Asat 31.03.29 2024 Financ¥lConiingen¢y Fund 250,OCtrJ 2SO,(XX) 250,(KK> Pensw)rt Fund General Reserve5 29,437 5(Kl.637 530.074 128.437 1,861,449 2,239.886 99.000 1,360,813 1,709,813 1.360.813 1,709.813 Group Year Ended 31 Marth 2024 Asat 31.03.23 Gèinsl Incoming Outgoing Tran5fer5 As at 31.03.24 2023 Mnancial ContingeD¢y Fund Sustainability ènd Commercial Investment Fund Pension Fund General Reserves Tradhrygsubsidiaries 250,000 250.0(h) 250.000 134,0(Kl 99.000 1,623,050 126.016 134.O)J 134,ty)0 99,IM)D 1.623,050 126,016 99.000 1,360,813 102,866 262,237 3,904.271 3,881,121 Ye&r Ended 31 March 2024 2,232,066 3,881,121 4,300.598 L812,679 2,232,066 Charlty Year Ended 31 March 2024 A5at 31.03.23 Gains/ (Losses) Incomin8 OutBolng Ttsnsfers AS at31.03.24 21113 Finbncial Coniin8ency Su$rainability and Commercial Invesimeni Fund Penslon Fund General Reserves Yeai EDded 31 March 2024 250,(K 150,000 250.000 134,OCKJ 99,0 1,623.OSO 2,106,050 134,(XX) 134.( 99,(110 1,623.050 2,106,OSO 262.237 396,237 1.360,813 1,7Q9,813 P#Ee 34
NOrnN6HAMSHIRE WILDUFÈ TRUST NOTES TO TrIE ACCOVNTS FOR THE YEAR ENDED 31 MARCH 2025- CONTINUED Financial Contlngen¢y Fund represents funds earmarked to cover urtexcted cash flow deflcits. or unexpected unavoidable operational costs. General Resee5 represents the free funds of the ch4Tity which a not de5iEnated for particular purposes. These funds are not all available In cèsh, some of the fund5 are held as fixed assets. Tradlng 5ubsidlarles represents thefunds from the trading subsidiaries to the Wildlife Trust.. East Midlands Environmental Consultants Limited and Nottinghamshire Wildlife TrustTrading Limited. Thi5 is held as working c3Pltal for the subsidiary companies. Tr•dlnK Companles East Midlands En¥ironm•ntal Consuttants Ltd l¢offlpany nymbgr 026235901 The charity own5 100% of the issued share capital of East Midland5 Environmental Consultants Ltd IEMECI a company registered In England ènd Wale5 having the me registered office as the chèrity. The subsidiary is used to furtherthe overall objects of the Trust by the provlslon of envlronmental consultancy. project management and18nd mènagement services on a commercial basis. Thelr profits are glven as a charitable donation to the Trust by Gift Aid, the amount pald 2nd payable for 2025 was £483,24312024.. £268,396). A summary of the results ol the subsidiary Is shown below.. Piofit and L055 Account Year Ended 31 March 2025 2025 Z024 Turnover C05t of sole5 Gross profli Adminisirative expenses 3,239,592 12.371,3631 868,229 1379.6571 2,786,679 12.133.975) 652,704 1377,9861 Tradin8 profh 488,572 274,718 Oper•iithK IlossMprofrt•Thordinaryartp•lties beforetaN•ibn 488,S72 274,718 Interest recelvable 314 Profit on ordinary acriwts after iaxation 488,572 275.032 Reserves brou8ht forward Charitable Oonation ISO,088 1483.2431 143,452 1268,3961 Resekves ¢arrfedforwa 155,417 150,088 Page 3S
NOTnNGHAMSHIRE WILOUFE TRUST NOTÉS TO THE ACCOUNTS FOR THE YEAR ENDED al MARCH 2025- CONTINUED East Mkllands Et)¥lronmental ConsUt$ Ltd l¢ompany number 026235901 B•lartc¢ Sheet A5 at 31 Marth 2025 2025 2024 Flxed assets 18,374 18,020 Current assets Debtors Cash at bank and in hand 417.630 258.608 504.714 190.164 676,238 694,878 Creditors.. Amounts fallin8 due wihin one year 1539,0951 1562.7101 Nei current asseisllllablllfjesl 137,143 132,168 Tot•1 assets less currerbtllabiifjfies 155,517 ISO,L88 Nottinghamshire Wildlife Trust Trading Limlted Icompany number 026290261 The charityholds 100% ofthe Issuedsharecapital of Noitinshamshirewildllfe Trust Trading Ltd INWTTradin8 Ltd) a cornpany registered in England and Wales hèving the same registered office a5 the charity. Comrnercial activitie5 undertaken by the company ère confeTencing, ¢aterinE. vehicle parking, retail and en6agement. Their profits are given to the Trust by Gift Aid lsublec¢ to pOS1ve reserves) the amount paid and payable for 2025 was £Nil12024.. £Nill. A summary of the results of the subsidiary Is shown below: Profit and L05s Arwunt Year Ended 31 MaTch 2025 2025 2024 Tyrnover Cost of sales Gr055 profit 1,259,070 1819,5601 439,510 1,094,442 1771,5991 322.843 Adrninistrative expenses 1399,0981 1352,8291 Trading profit Other operating inwme 40,412 129.9861 Operatlng IlossllpTofit on ordlnary ?¢tivttie5 before taxat¥on Tax on profit on ordinary activllles Profit on ordinary activities aftertaxation 40,412 129,9861 40,412 129,9861 fte5erves brought forward Charitable Donation 147,4221 117,4361 Re5erve$ carried fonvard 17,010 147,422> Page 36
140TnNGHAMSHIRE WILDLIFE TRUST NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- CONTINUED Nottinghamshlre WildliFe Tru$t TradinB Limited Irompany number 026290261 8•l•n¢t Sheet As at 31 M•r¢h 2025 2025 2024 Flye04$5ets 95,945 113,278 Current •s$ets Stock5 Debtors Cash at bank and ID K3nd 84.603 44,875 218.537 118,579 108.787 49,445 348,015 276,811 Credilor5'. AmDUnts fallingduewithin one year 450,870 1437,4111 P4et current a5setsllllabllltl¢sl Total a55ets le55 currentllabllltles 1102,8551 16.9101 1160,6001 Analysls of nei assets between funds Year Ended 31 Marth 2Q25 Pe5trKred Enoowment Total rangible fixed 3Sset5 Lon8-terrn investmenis J,Q84,8M 380,087 1,242,630 2,362.079 489,821 3,446,923 1,058,118 1,242.630 188,210 Total net assets 2,707,561 2.851,%rf) 188.210 5,747,671 Year Ended 31 March 2024 Rtrstritted Incorne Unrestricted Endo%YmeNI Total Tan8ible fixed assers Lon8-term Investments 769,907 367,SSO 675,222 2,704,391 521,013 31.192 3.474.298 1.076.773 644,030 188,210 Toral net assers 1,812,679 3.194,212 188.210 5,195,101 27 Membets guaranteè The Irébility of each member Is Ilmlted to £1. CoThtlngent Ilabllltles Under the tÈrms of the 4greerDent between the Trust ènd the Trustees of the Nationèl Lottery Herita8e Lottery Fund, an agreed proportlon of the grants made towards the costs of the Ragged School project would becorne repayable il certain conditions are breached. The Trust will not breach these conditions if it continuÈs to funttK)n in ac¢ordance with its articles and charitable status, wth ongoing ownershjp of the Ragged School. Page 37
NOTDNGHAMSHIRE WILDLIFE TRUST NOTES TO TH£ ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025-CONYINUED Commitments under optr4tinz leases At 31 March 2025 the Group had non-caneellable commitment5 under operating leases explrlng as follows:. Land and 8uildings 2025 2024 Other 2025 2024 ExpirinBwilhin l year 2-5 year5 26,397 42,723 41.127 69.634 The total commitment outstandingfoi the8roup at 31 March 2025 was £69,120. Thttotsl cornmitment outstandin8 for the charity at al March 2025 was £65,392. Comparative Information Endowment Fund vnrestr¢ded Restricted 20Z4 In£ornln¥ and endowments from.. Donèlion5 and le8acies 626.171 442,805 3,737,763 26.893 22,702 41.204 1,001.938 667,375 1.444,743 3,737.763 56,547 21702 Inve5tmen¢s Other 23,067 6.S87 Total 4,856,334 1,066,D53 6.587 5,929,130 ExpendltUTe on: Raising fuNIs 3,922.124 1,339,790 403 I,J46,103 3,921527 2.492.480 6,587 Other 5,261,914 1.146,506 6.587 6.415,CQ7 Total 550 18,434 18,984 Net 8ain5111055esl Dn invesimenrs Net IncomelexpeodltL*e 1405,OZOI 161.863 1466.8931 Other recryDi5ed Kainslllosses).. Actuafial 8aiThs/llossesl on defined benefit penskin schemes Minoiity Interest 114,3571 Ild,3571 Nei mtyemet)tsln 1419.3871 161,8641 1481,2501 Recor>cili¥tion of fund5'. Trènsfers beiween lunds Total funds brou8ht lorward 2.232.066 3,256,075 188,210 5,676,351 Toial fvnts carried forwar 1.812.679 3,194,212 188,210 5.195,LOI Pège 38
NOThINGHAMSTrIIRE WILDLIFE TRUST NOTES TOThE ACCOUNTS FOR THE YEAA ENDED 31 MARCH 2025- CONTINUED 31 Rtton¢ill)titsn of net In¢omel leJtpendt4urtl io nei ¢•sh from operatithg athlvltl¢s 2025 2024 Net Incomellexpenditurel lor the reportlne perlod la$ per the statrment of 552.570 129,543 14,550 4.189 175,1221 29.437 39.283 178,2651 144,7451 70,563 1481.2501 169.712 118,9841 12,2501 147,7101 Depreciation unreèlised losses/l8alnsl on investments Re8lised10ssesllgainsl on invÈstmeDtS Interest and investment Incorne received Movement In provi510ns (IncaSe>lde¢rea$e In sio¢k Iincreaselldecrease In detiors Increa5e/ldEcrea5el in creditor5 Lossll8ainl on d15P05al of rangible fixed a5seis I44.7) 122,4021 923,133 Ner Intlowfrom operatlth8 artfvlty 642,003 475,490 Related parties Steven Clifton is a Trustee of this chèrity ènd is also an @MO¥e@ of Natural England vmth whom this tharity has links. Graham Osborn is a Trustee of thi5 charity and is also an employee of 5evern Trent with whom thls charlty has links. Nick Pèrsons is a Trustee of this charity and is a150 a Tru51ee of The Royal SDciety of Wildlife TTU$ts with whorr thi5 charity Piior ye•radjustm¢mt A Prior year adjustrnent ha5 been made to corrert the split of tangible fixed assets in line with their appropriate categories as per the li¥ed a55et reEi4ter. Previou5ty presented Adjustment A5 restated Group Freehold land. building5 & reserves C05t 4.463.736 1.588,325 6,052.061 Freehold land, buildings & reserves depreciation clfwd 12,079,915) 1751.0831 12.830.998] Leasehold laDd and buildings cost 1,588,325 11.588.325) Leasehold land & bulldings depreclatlon clfv4d 1751,0831 751,083 Improvements to property cost 72,970 9.205 82.175 Fixtures, fittings & equipment Cost 441,402 19,5611 431,841 Fixtures, fittings & equipment dePreCiat)n 1379.8971 18,670 1361,2271 Plant & machinery and motor vehicles cost 403,346 356 403,702 Plant & machinery and motor vehi£les depreciation 12JVI,9991 118,6701 1263,6691 Page 39
NOTTINGHAMSHIRÉ WIIDUFE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- CONTINUED Previously presented Adjustment As restated Charity Freehold land. buildings & reseNes cost 4.463,736 1.588.325 6,052.061 Freehold land, buildings & reserves depreciation clfwd 12.079.915) 1751,0831 12,830.9981 Leasehold land and buildin cost 1,588,325 11,588,3251 Leasehold land & buildings depreciatlon c/fwd 1751,0831 751,083 Page 40