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2025-03-31-accounts

Company number 00730536 Charity number 266202

WILTSHIRE WILDLIFE TRUST LIMITED

REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

WILTSHIRE WILDLIFE TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Contents

Reference and Administrative Details ................................................................................................................................... 2 Chair’s Introduction ............................................................................................................................................................... 4 Report Of The Trustees ......................................................................................................................................................... 5 Statement of Trustees’ Responsibilities .............................................................................................................................. 18 Independent Auditors Report .............................................................................................................................................. 19 Consolidated Statement of Financial Activities .................................................................................................................... 22 Consolidated and Charity Balance Sheet ............................................................................................................................ 23 Consolidated and Charity Statement of Cash Flows ........................................................................................................... 24 Notes to the Financial Statements....................................................................................................................................... 25

WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Reference and Administrative Details

Registered Charity Number 266202

Company Registration Number 00730536

Patron

Robert Floyd

Ambassador

Professor Sir J Lawton

TRUSTEES

Chair

Dr P Heads

Treasurer

Mr J Crawford

Council Members

Mr J Barlow Major General (Retd) C Fattorini Ms S Wyatt Mr P Maynard Mr T Gilson Mrs F Goff Ms D Junghanns Mrs M Henry Dr R Gantlett

The Chair, Treasurer and Council Members are Trustees of the Charity. The Patron is not a Trustee.

KEY MANAGEMENT PERSONNEL

Mrs J Lewis – Chief Executive Ms L M Hale – Director of Finance and Operations (left December 2024) Mrs J Davies – Director of Finance and Operations (joined Feb 2025) Mr D Haasjes – Director of Education and Wellbeing Ms R Mckinlay – Director of Fundraising and Engagement Ms C Starbuck – Director of Nature Recovery Mrs S Stork – Director of Conservation and Land Management

Company Secretary

Ms L M Hale (until December 2024) Mrs J Davies (joined February 2025)

Auditors

Sumer Audit Co Ltd, County Gate, County Way, Trowbridge, Wiltshire BA14 7FJ

Solicitors

BLB Solicitors, 1 Edgar Buildings, George Street, Bath, BA1 2DU Stephens Scown LLP, Osprey House, Malpas Road, Truro, TR1 1UT

Bankers

Barclays Bank. 37 Milsom Street, Bath, BA1 1DW NatWest Bank. 250 Bishopsgate, London, EC2M 4AA

Equity Investment Managers

M&G Charities, PO Box 9038, Chelmsford CM99 2XF

Pension Advisors

Castle Sundborn, The Old Bank, 10 High Street, Malmesbury, Wiltshire, SN16 9AU

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Registered Office and Head Office

Wiltshire Wildlife Trust Limited Elm Tree Court, Long Street Devizes, Wiltshire SN10 1NJ Telephone: (01380) 725670

Email: info@wiltshirewildlife.org Website: www.wiltshirewildlife.org

South Wiltshire Office

Wiltshire Wildlife Trust Limited Langford Lakes Nature Reserve Duck Street, Steeple Langford Salisbury, Wiltshire SP3 4NH

North Wiltshire Office

Lower Moor Farm Oaksey Nr Malmesbury Wiltshire SN16 9TW

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Chair’s Introduction

This Trustees’ report demonstrates the significant impact of Wiltshire Wildlife Trust’s work for nature and people across Wiltshire and Swindon. Inside, you'll find powerful examples, showing how our actions help wildlife recover and people connect with nature. It’s a win-win for nature and for our own health and wellbeing.

We’re tackling urgent challenges such as declining biodiversity, climate change, pollution and the economic drivers of land management. To succeed, our strategy requires us to work at every scale—from individual fields on our reserves to entire landscapes in partnership with others. By growing the scale of land managed for nature, and by creating more connected habitats across our landscapes, we help wildlife become more abundant and more resilient to changing climate and land management.

You can see examples of our large-scale partnership working in this report. At Great Chalfield we’re demonstrating how regenerative farming can work for food and nature together. Along the Wylye Valley we’re re-connecting 18km of chalk stream floodplain habitats for wildlife. And through Swindon Forest Meadows we’re creating spaces for wildlife and people across the town.

You can also see we’ve been growing our engagement with communities across Wiltshire’s towns and rural areas to enable education and action for wildlife and people where they live. The Trust was a pioneer among the UK’s 46 Wildlife Trusts in developing Care Farms to help students with complex needs transition back to school education; in this report you can see the amazing difference we make to young people’s lives, and how other Wildlife Trusts are looking to emulate our initiative.

The Trust’s financial performance remained healthy in 2024-25. Total income (£6.3m) exceeded total expenditure (£6.0m) despite inflationary cost pressures, planned spend-down of project funds and strong investment in nature recovery, though accounting losses on investments resulted in a small net deficit (£0.13m). Underlying liquidity remains sound, with free reserves within the 3-9 month policy range set by Trustees while cash increased to £2.16m. Looking forward, Trustees will oversee prudent financial management so the Trust can grow investment in our strategic goals (nature recovery; and connecting people with nature) and our professional capability (people, working estate, equipment and technology).

To make such a big difference for nature and people takes considerable commitment, time and money involving so many people. We’re immensely grateful to everyone who believes in our work and supports us year after year: to our thousands of loyal members; to our many funders and partner organisations; to our dedicated staff who work so hard because they care so deeply; and to our amazing volunteers who gave over 14,000 hours of time last year on our nature reserves, in our offices and in our communities; thank you.

Dr Phil Heads Chair of Trustees

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Report Of The Trustees

The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

OBJECTIVES AND ACTIVITIES

The Trust’s Memorandum of Association sets out its objects which may be summarised as the promotion of wildlife and its habitats and places of natural beauty, interest or value, particularly to further biodiversity; to protect the environment, particularly by reference to sustainable development and recycling waste; and to advance the education of the public in such areas.

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

How our activities deliver public benefit

Wiltshire Wildlife Trust’s vision is a future where wildlife and people flourish in harmony. The Trust wants to see the abundance of nature restored and experienced by people in ways that enhance their lives and wellbeing. We have a core belief that nature is intrinsically valuable and is fundamental to everyone's wellbeing.

Our Purpose is providing leadership and driving nature's recovery. We are committed to connecting all generations with nature and empowering them to take meaningful action for nature and the climate.

To achieve our purpose, the Trust has set two goals for what it wants to see by 2030:

  1. Nature Recovery in Wiltshire and Swindon (By 2030, nature will be in recovery in Wiltshire and Swindon, with habitats, species and natural processes being restored at scale).

  2. Connecting People with Nature (By 2030, people will be taking action for nature and benefitting from nature in their lives).

These goals are supported by five areas for Development of the Trust:

  1. People and Governance

  2. Finance, Fundraising and Risk

  3. Communications and Digital

  4. Facilities

  5. Ethical and Environmental Standards

The Trust is supported by a growing community of more than 12,000 members, 2,000 volunteers, and employs over 150 full-time equivalent staff. The current strategy identifies the need to value, develop and invest in our staff and volunteers, building a movement-wide learning culture, and investing in a highly skilled and diverse staff network. Through the Team Wilder approach, the Trust will empower supporters and inspire community organising and mobilising. The Trust is committed to sound financial management, protecting and maintaining income and assets, and delivering a step change in the scale and diversity of funding for nature's recovery.

The Trust manages over 40 nature reserves covering over 1,200 hectares, protecting important wildlife habitats. Most reserves have open public access, allowing people to benefit from nature through enhanced wellbeing and learning opportunities. The Trust operates two Care Farms supporting children and young people with special educational needs through therapeutic nature-based activities. The Strategy commits to working with farmers and strategic partners to achieve nature's recovery in the wider landscape beyond our own reserves. Key conservation efforts include the restoration of the globally important River Wylye chalk stream, and working to ensure new housing developments achieve a net gain in biodiversity. Education and wellbeing remains a key priority, with plans to engage with every school in Wiltshire and offer opportunities to learn about the natural world.

We are grateful to our supportive members and donors, and partnership working with farmers, land managers, and others to deliver our strategic objectives.

A word from our Chief Executive

A highlight of this year was the success of our turtle dove appeal, allowing us to extend our Middleton Down reserve through the acquisition of Poor Patch and create new habitat to entice back these enchanting birds, on the margins of their current range.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Perhaps my most uplifting wildlife experience this year, though, was on Rushall Farm in Pewsey, where 3rd generation organic farmer Joe Wookey hosted our leadership team and Trustees. As we arrived, the crop margins were alive with hares and corn buntings, too many to count, and the skies full of skylarks. I firmly believe that we will only restore nature’s abundance with nature-friendly farmers proudly in the driving seat. That is why I take great pride in the scale of our work now supporting farmer clusters across Wiltshire. Seven farmer clusters, spanning over 40,000 hectares, are helping us monitor and protect breeding lapwing across their land, with knock-on benefits for Wiltshire’s other farmland birds.

I am also proud of our determination to give every child a moment of magic with nature and a place they can go to take respite in the natural world. Thanks to the hard work of our wonderful volunteers, we've expanded our Wildlife Watch groups for families to nine locations across Wiltshire. Our goal is to have a group in every town in the county. Our incredible education and wellbeing team have engaged with 75 schools across Wiltshire this year and, to date, have trained more than 150 Forest School Leaders, who in turn go on to connect thousands of children with nature.

The support of our members, volunteers, funders, and major donors is what makes all this possible. In these uncertain times, there can surely be no more precious legacy than a new generation of children being given a lasting love of nature and a new generation of farmers welcoming abundant nature back into our farmed landscape.

Joanna Lewis Chief Executive

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Our Strategy to 2030

We face an ecological and climate emergency and an epidemic of mental ill-health. Our vision is to see the abundance of nature restored and experienced by people in ways that enhance their lives and wellbeing. We want to ensure every person can build a lasting connection with nature. By 2030, we will turn the corner on nature’s longstanding decline and lay strong foundations for our vision for 2050, in which nature has been restored at scale to enrich everyone’s daily lives.

Our Strategy to 2030 sets out two goals for what we want to see by 2030:

1. Nature Recovery in Wiltshire and Swindon

Goal: By 2030, nature will be in recovery in Wiltshire and Swindon, with habitats, species and natural processes being restored at scale .

Targets to achieve this include:

To achieve this, we will:

Goal: By 2030, people will be taking action for nature and benefitting from nature in their lives.

Targets to achieve this include:

To achieve this, we will:

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Highlights from the Impact Report 2024-5

A Year in Numbers

The Infographic below showcases just a few of the highlights that Wiltshire Wildlife Trust has achieved from 1 April 2024 – 31 March 2025.

Goal One: Nature Recovery in Wiltshire and Swindon

A snapshot of our key projects

Over the past year, Wiltshire Wildlife Trust has been working with partners and landowners to undertake significant, targeted work to secure nature's recovery. From our iconic chalk streams to precious grasslands, from urban ponds to ancient woodlands, we are delivering ambitious collaborative projects that restore habitats at scale. We're working across 40+ reserves and beyond to provide vital refuges for wildlife. Our chalk streams and grasslands are globally rare habitats, and their protection is a priority.

Wylye Valley Landscape Recovery Project: Work has begun on this ambitious project spanning 18km of chalk stream and floodplain habitats, bringing together 22 landowners to examine the investment opportunities in restoring this vital river corridor. The Wylye Valley Landscape Recovery Project, funded by DEFRA and in partnership with Wessex Rivers Trust and Wylye Valley Farmers Group, has undertaken walkovers across 18km of the valley. These surveys have informed concept designs ranging from land management to floodplain reconnection and re-meandering. We've also started baseline surveys on habitat, plants, riverflies, and lapwings. To improve accessibility in the landscape, we are assessing public rights of way.

Expanding Habitats: The acquisition of Poor Patch, adjoining Middleton Down nature reserve, has allowed us to expand the habitat mosaic, which we hope will encourage rare turtle doves found nearby to move in and nest in our protected reserve. This acquisition was made possible by the generous donors to our Turtle Dove Appeal - thank you!

Building for Butterflies: At Coombe Bissett Down, we built four new butterfly banks as part of a groundbreaking study led by Professor Ed Turner from the University of Cambridge, in collaboration with the University of Reading, The Wildlife Trusts, and the RSPB. These large mounds create south-facing slopes sheltered from the wind, providing perfect conditions for nectar-rich plant species, ensuring butterflies have better conditions to thrive as our climate changes.

Great Crested Newts: We have continued our successful programme of pond restoration, bringing five ponds back to life across the Wiltshire landscape in 2024-2025, providing crucial breeding sites for these protected amphibians. Our specialist team record these precious species and educate others about their importance. Of nearly 60 great crested newt ponds sampled in June 2024, 52% indicated newt presence, far above the expected 33% , demonstrating the success of

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

our pond creation and restoration work. A new population was uncovered, with 22 great crested newts in one urban pond, highlighting the importance of spaces for wildlife in our towns.

West Chisenbury: The Water Team have continued to collaborate with the Ministry of Defence (MOD) on the river restoration project at West Chisenbury, on the Salisbury Plain Training Area, focusing on a 400-metre stretch of the River Avon. Following works requiring a water vole mitigation licence, post-work surveys confirmed that water voles and otters are once again highly active on the stretch, proving that sensitive management can deliver great outcomes. This collaborative success has captured the interest of both the public and the MOD, leading to a major feature on BBC Countryfile and the great honour of receiving the MOD Sanctuary Award. The project is a testament to the partnership's impact, delivering new wetland habitats, a healthier river, and reducing the flood risk for communities downstream.

Riverfly Citizen Science Project: With one of the team becoming a fully qualified Riverfly Partnership Instructor, the Water Team is now training a network of volunteers to regularly monitor their local rivers for aquatic invertebrates. Freshwater invertebrates are a key indicator for river health, with the number and diversity of each species found in the sample giving a good indicator of the water quality. The results of these monthly samples can help identify and report acute pollution incidents and chart long term trends in riverfly population numbers.

WSBRC Woodland Inventory Project: Our ancient woodlands are irreplaceable, but many are unrecorded and under threat. Wiltshire and Swindon Biological Records Centre (WSBRC) led a major project to update the county's Ancient Woodland Inventory. This vital work will ensure these precious habitats are properly designated and conserved for the future. The project has identified 6,990 Ancient Woodland parcels, far more than the original figure of 1,000. This new data includes Plantations on Ancient Woodland Sites (PAWS) and smaller areas under 2.5 hectares, providing the best woodland data ever for the county.

A Year of Recoveries

Across Wiltshire and Swindon, targeted conservation, careful habitat management, and dedicated monitoring are producing results. New and returning species including white-tailed eagle, beaver, crane, and goshawk have been sighted on our reserves, indicating the success in creating healthy, connected landscapes at scale.

Woodland Restoration

Revivals on the Chalk

Species Spotlight: Lapwings: Funded through the North Wessex Downs and Cranbourne Chase National Landscapes Farming in Protected Landscapes Programme, Project Peewit surveyed 212 square km to locate key breeding areas for lapwing. They successfully identified breeding populations within 35 of the surveyed squares, providing crucial data for future protection and conservation. In Year 1, the team engaged with 10 farm clusters and delivered 6 talks, sharing findings and promoting lapwing-friendly farming practices.

Working in Partnership for Nature's Recovery

Increasing the amount of land actively managed for nature is fundamental to our work. We continue to advance this goal through a dual approach: enhancing habitats within our own nature reserves and forging partnerships with farmers,

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

communities, and landowners to restore nature at a landscape scale.

Natural Environment Investment Readiness Fund (NEIRF): Through the Natural Environment Investment Readiness Fund (NEIRF), we are supporting the development of a Wiltshire Nature Market with Entrade, helping farmers unlock private finance for nature recovery. Working with Smart Land Management and Ecology we've engaged over 100 farmers across the county through six farm clusters and are now working closely with 15 to become investment ready. The project will also produce clear guidance on routes to market, supporting more farmers to access emerging green finance opportunities.

Enhancing Our Reserves for Wildlife: At Landford Bog (on the edge of the New Forest), three new 'leaky' dams were constructed to create a more climate-resilient landscape, designed to retain water during drier weather and preserve the fragile peatland habitat. At Clouts Wood (near Wroughton) and The Devenish (near Salisbury) our team undertook significant Ash Dieback management, clearing badly affected trees along over 1,500m of footpaths, securing safe access for visitors for years to come.

Successes in Swindon: The success of Swindon Forest Meadows is powered by an incredible community of volunteers. In 2024, this dedicated team contributed a staggering 2,535 hours across approximately 170 practical sessions. With the help of our volunteers, new woodlands and habitats were planted at sites as diverse as Mouldon Hill Country Park, the GXO Iceland Distribution Centre, and community land at Heaton Close and Allington Road. This was made possible by support from Swindon Borough Council and the Great Western Community Forest Trees for Climate grant. The team also placed over 2,000 wildflower plug plants to support meadows at Raybrook and Shaw Ridge. This year we planted the very first trees grown from locally collected seed, creating a sustainable, community-grown legacy for Swindon's landscape.

Farming and Conservation Grazing: Conservation grazing plays a vital role in managing and restoring fragile habitats. Our Farming Team carefully deploy heritage breeds including hardy Herdwick sheep and traditional Beef Shorthorn cattle across key reserves, using their natural behaviours to help shape the land. These breeds are well-suited to low-input, conservation-focused systems. Their grazing creates a rich, varied soil structure that allows delicate wildflowers to thrive, in turn supporting an abundance of insects, birds, and other wildlife. This nature-friendly approach is a cornerstone of our work to protect and enhance chalk grasslands and wildflower meadows.

Transforming the landscape at Great Chalfield: A major milestone in 2024 was the launch of the groundbreaking partnership at Great Chalfield (near Melksham) between the Trust, the National Trust, and the Great Western Community Forest. This collaboration holds special significance for us, bringing us back to our roots, as Great Chalfield is the family home of our Patron, Robert Floyd, whose father was a pivotal founding member of the Trust. This new chapter for the historic estate sees us taking on a 49-year lease to manage 140 hectares of farmland.

At Great Chalfield, we are developing a flagship site to showcase how regenerative farming and nature recovery can go hand in hand. Our shared vision is to create a working demonstration farm where farmers and landowners can see naturebased solutions in action—from habitat creation to biodiversity monitoring —and explore how these approaches can enhance both land and livelihoods. The site will also serve as a testbed for emerging green finance opportunities, including Biodiversity Net Gain, with three habitat restoration projects already underway, including new ponds and species-rich grassland. Progress on the ground has been swift. Over the winter, an incredible 11,000 trees were planted, creating a rich mosaic of habitats. This includes traditional wood-pasture with open grassland, a new broadleaved woodland that extends an existing copse, and innovative silvoarable fields where crops will grow between productive rows of trees.

A comprehensive programme of surveys is underway to establish a baseline of the wildlife at Great Chalfield. From using acoustic recorders to capture the bird song, to monitoring riverflies in the brooks, to conducting nest searches for tiny harvest mice, this work allows us to measure the impact of this partnership in Great Chalfield in the future

Western Forest: The new Western Forest We welcomed Mary Creagh, Minister for the Department for Environment, Food and Rural Affairs at the launch of the new Western Forest at Great Chalfield on 18 March 2025. The Western Forest is the first new national forest in three decades to be created, stretching from the Cotswolds to the Mendips, led by the Forest of Avon Trust, with Wiltshire Wildlife Trust as one of the partners in the project. The Western Forest will deliver landscapescale change and investment in people and nature across three regions. In its first five years, at least 2,500 hectares of new woodland and other tree habitats will be created, with 20 million trees to be planted by 2050. Serving over 2.5 million people, the new forest will also bring a collaborative approach to nature recovery designed to work in harmony.

Goal 2: Connecting People with Nature

We believe that strengthening the connection between our communities and the natural environment is essential for the recovery of our wildlife and the wellbeing of people[.] This past year, we have seen how engagement with nature can transform lives, improve health, and build a powerful, collective voice for nature's future.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

People taking action: Throughout the year, our engagement events connect thousands of people with our work. From our flagship Country Comes to Town event to our school holiday programmes for families, we've met thousands of people across Wiltshire and Swindon. Our staff and volunteers have also connected with the community through speaking to local groups and hosting Wild Workdays. Beyond in-person events, tens of thousands of people engaged with our work through social media. This ranged from keeping informed of our projects to taking part in The Wildlife Trust's 30 Days Wild and sharing our content to become local advocates for nature.

Volunteers: Our work is not possible without the vital support of our volunteers. One highlight for 2024/25 has been the focused move to diversify our community of volunteers. We now have administration volunteers, communications volunteers, and 34 volunteers across our Youth, Education and Wellbeing teams. We've been thrilled to see participants from our Wellbeing Programmes transition into becoming regular conservation volunteers.

Health and Wellbeing: Over the past year, our Adult Wellbeing Team have supported 204 participants through 11 different programmes.

Children and Young People: Inspiring the next generation is key to a sustainable future.

Nature and Climate at the Heart of Decision Making: A key part of our strategic goal is encouraging our supporters to become advocates for nature.

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

with four MPs from Wiltshire and representatives from other Wildlife Trusts to show support for the Chalk Stream amendment to the Planning and Infrastructure Bill.

Our Carbon Impact

The Trust is working towards a future where wildlife and people flourish in harmony. To support our approach to climate change, included as an area for development to achieve our Strategy 2030 goals, we measure our greenhouse gas emissions (GHG) to monitor our progress to achieve net zero by 2030.

Working to reduce our emissions, alongside developing resilience and nature-based solutions to adapt to climate change, is key to the Trust's approach to the climate emergency. We use calculation tools developed by The Wildlife Trusts and measure emissions covering Scopes 1, 2 and 3 which provides a comprehensive picture. The calculation methods evolve in line with best practice. We use activity-based data for everything (e.g. kWh electricity used), apart from purchasing which is based on how much we spend and so it includes the biggest estimations within the calculation.

Purchasing of goods and services (Scope 3) is included for the first time for 2023-24 and has added considerably to our calculated emissions. The Wildlife Trusts are working to reduce the estimation within this area of the calculation but with our staff Sustainability and

Carbon Reduction Group we have developed purchasing checklists and questionnaires for staff and contractors to help us work with suppliers to reduce emissions. A separate estimate is produced for emissions resulting from the livestock we use for conservation grazing on our reserves to achieve our biodiversity goals.

For context, Wiltshire and Swindon’s total GHG emissions for 2023 were calculated to be 3.8 million CO2e.1 Scope 1 (direct) emissions have reduced by 14% compared to 2022-23 and by 38% since our baseline year.

The Trust's Scope 2 emissions (purchased electricity) are reduced as a result of being on a renewable wind/hydro energy tariff and using energy generated by Wiltshire Wildlife Community Energy owned rooftop panels on the Brockbank Centre at Langford Lakes and Clattinger Farm. We were also able to use a grant earlier this year to install energy efficient LED lighting including sensors at our HQ. Travel is a significant contributor to emissions and during summer 2024 a student from the University of Bath joined us to help work to reduce these, including mapping alternative travel options.

Our Annual Carbon Reduction Plan, supported by ‘live’ Action Lists to reduce emissions in key areas including energy and travel continue to support this important work, along with our staff Sustainability and Carbon Reduction Group. The emissions described here are part of our work to secure nature’s recovery. It is difficult to estimate the carbon flux (the balance of emissions and absorption for habitats on our reserves) of land-based emissions from habitats on our landholdings and managed areas, and this has not been included for 2023-24 due to a lack of a standardised methodology. The Wildlife Trusts are planning to develop a way to estimate these carbon flux emissions later in 2025.

FINANCIAL REVIEW

For the year ended 31 March 2025, the Trust reported a net deficit of £130,075, compared to a surplus of £1,115,928 in 2023–24. Total income decreased to £6,287,404 (2024: £7,468,851), primarily due to lower donations and legacies and a

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

reduction in charitable activity income. Donations and legacies fell by £340,111 to £1,204,849, reflecting fewer large gifts and legacy notifications compared to the prior year. Charitable activity income decreased by £817,098 to £4,773,983, largely due to the conclusion of major projects funded in 2023–24 and reduced landfill tax contributions. Other trading activities remained broadly stable at £149,380 (2024: £154,769), while investment income was consistent at £124,048 (2024: £124,442). Expenditure reduced slightly to £5,997,834 (2024: £6,319,934), reflecting cost control measures, although inflationary pressures and strategic investment in staff and programmes continued. The accounts show a loss on value of investments of £419,645, compared to £32,989 in 2024, driven by market volatility impacting mixed motive property investments and listed securities. Despite the reported deficit, the Trust’s financial position remains robust, with total funds of £18.48 million at year-end (2024: £18.61 million). Cash reserves increased to £2.16 million (2024: £1.62 million).

Investment Policy

The Trust’s policy is to invest surplus cash not immediately required for working capital in a mix of short-term deposits, equities, and property to achieve a higher total return while managing risk. At 31 March 2025, the Trust held: £2,215,000 in mixed motive property investments (2024: £2,847,336); £86,305 in biodiversity credits (unchanged from 2024); £362,269 in listed investments (2024: £354,577); and £10,000 in other investments (unchanged). The Finance & Risk Committee reviews investment performance quarterly.

Financial Reserves Policy

Total funds at year-end were £18,478,628, comprising: Restricted funds: £13,753,313 (including £11,708,447 in nature reserve capital); Designated funds: £3,136,637; Unrestricted funds: £1,588,678. Details of restricted and unrestricted funds are provided in notes 20 and 21 to the accounts.

The Trustees have adopted a policy regarding financial reserves which should ensure that:

General reserves at the year-end date (unrestricted funds excluding designated amounts) stood at £693,946. The Trustees review reserves quarterly to ensure liquidity and resilience.

Performance of Trading Subsidiary

Wiltshire Environmental Enterprises Limited, the Trust’s wholly owned trading subsidiary, undertook no trading activity during the year. Administrative adjustments and interest income were recorded, resulting in net assets of £19,505 (2024: £20,063).

Market Value of Land and Buildings

Nature reserves are held for conservation purposes and recorded at cost or, if gifted, at market value at the date of acquisition. Freehold properties used to provide rent, for operations or staff accommodation are treated as mixed motive investments and stated at fair value. Heritage assets increased to £10,375,253 (2024: £9,733,253) following the acquisition of additional land, including Poor Patch adjoining Middleton Down.

Risk Management

The Trustees of Wiltshire Wildlife Trust recognise that effective risk management is essential to the successful delivery of our charitable objectives and the safeguarding of our people, assets, and reputation. We are committed to maintaining a robust framework for identifying, assessing, and managing risks across all areas of the Trust.

The Council of Trustees undertakes a review of the Trust’s strategic risk register quarterly, supported by more in-depth monitoring by Finance & Resources and People Committees. Risks are assessed in terms of their potential impact and likelihood, and appropriate mitigation strategies are implemented. This process ensures that emerging risks are identified promptly and that controls remain effective and proportionate. Recognising the critical importance of safeguarding and health & safety, the Board has appointed dedicated Trustee Champions for these areas. These Champions provide focused oversight, challenge, and support.

Operational risk is managed by the Chief Executive and SLT Executive team through a number of channels, including a staff Health & Safety working group and at team and volunteer meetings and training. We strive to embed a culture of risk

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

awareness throughout the Trust, ensuring that staff and volunteers understand their responsibilities and feel empowered to raise concerns. Training and clear communication underpin this approach, helping us to protect the wellbeing of our people and the integrity of our work.

The Trustees are satisfied that the systems in place provide reasonable assurance that risks are identified and managed effectively, enabling the Trust to pursue its mission with confidence.

Challenges and plans for the future

Looking ahead to 2030, the Trust is focusing our ambitions around 2 big strategic goals – first, Nature Recovery, to halt nature’s longstanding decline across Wiltshire and Swindon and second, Connecting People with Nature, because as David Attenborough said: “ No one will protect what they don't care about; and no one will care about what they have never experienced”.

Every 3 years a major State of Nature report shares all the data on how species are faring. The last in 2023 found there was no let-up in the decline of our wildlife, which is not good news when England is one of most nature-depleted countries in the world. Our farmland birds, like skylarks and yellowhammers, have declined by an average of 57% in the last 50 years.

The Trust manages an important network of more than 40 nature reserves to safeguard irreplaceable habitats and critical populations of threatened species. Wiltshire has 25% of the UK’s unimproved hay meadows and 55% of the UK’s remaining unspoilt chalk downland, and our reserves represent important examples of these priority habitats, alongside ancient woodland reserves notable for butterflies, like Ravensroost Wood and Blackmoor Copse.

However, the continuing decline in species abundance has shown that we cannot rely on isolated reserves, especially as species will need to move through landscapes in response to climate change. Our ‘30 by 30’ target (aligning with international and national targets for 30% of land managed for nature by 2030) means we cannot focus our resources on nature reserves alone. We are thinking ‘bigger, better and more joined up’ for nature’s recovery, and looking to connect our beautiful reserves with wider landscape-scale collaborations with NGO and agency partners like Natural England and with farmer clusters right across Wiltshire. Our Project Peewit, for example, which aims to turn around the fortunes of breeding lapwing in Wiltshire, now has the active involvement of 7 farmer clusters across over 40,000 hectares.

Our Freshwater Team is also restoring rivers at scale and pioneering nature-based solutions like reedbeds for stripping nutrient pollution out of our threatened chalkstreams. This year we have hosted visits from the Prime Minister’s special advisors and the Chair of the Environment Agency to see our reedbed at Langford Lakes which returns stormwater overflow from the sewage system back to the Wylye cleaner than the river upstream. We plan to continue to advocate for the role of Nature Based Solutions in restoring water quality alongside biodiversity gains and natural flood management. We are also leading the only chalkstream project among the Government’s national Landscape Recovery projects, restoring 20km of the globally important River Wylye upstream from our Langford Lakes reserve, in partnership with the Wylye Valley Farmers and Wessex Rivers Trust. Next year, we plan to complete the development phase and secure a 30year agreement with Defra to lead implementation.

Underpinning all this is the importance of nature-friendly farming, which is the focus of our exciting partnership at Great Chalfield with the National Trust, The Wildlife Trusts and Western Forest. Our plan is to create a hub for learning, ideas and innovation around nature-friendly farming and green finance, where we can host farmer clusters and farm advisors and agriculture and ecology students and trainees. This year, Great Chalfield was chosen to host the launch of Western Forest, the new National Forest, because of our focus on agroforestry, in which trees are integrated in farming systems. Water resilience is emerging as a key challenge, with farming faces extremes of flooding, drought and heat stress for livestock, so we plan to make Great Chalfield a demonstration site for different solutions to water resilience, from agroforestry to farm wetland schemes.

Later in 2025, we’ll be launching a new Local Nature Partnership for Wiltshire and Swindon, bringing together key strategic partners determined to do together what we can’t do alone. And we’ll launch our own State of Nature assessment for Wiltshire to give us a clear county-wide baseline and highlight the challenges and the opportunities.

Our second big strategic goal is Connecting People with Nature. We are determined that every child has the opportunity to make a lasting connection with nature and has a place they can go where nature can give them respite.

We will continue to extend our offer for every stage of childhood and young adulthood, supporting the establishment of new volunteer-led Wildlife Watch groups for families and creating new Rangers groups for young teenagers and Young Ambassadors who can be voices of influence with their peers and in the social media realm. We’ve trained more than 150 forest school leaders to date, who in turn are connecting thousands of children with nature across Wiltshire and beyond.

Every year, two hundred children who were struggling to thrive in mainstream school are given respite and hope for the future at one of our two Care Farms, spending a day or two a week immersed in nature and in meaningful tasks from

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WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

woodwork to horticulture to animal care. We have secured the support of Natural England to host a third Care Farm at Parsonage Farm National Nature Reserve, near Shrewton. The location is important, as it would enable us to achieve our goal that every child in need in Wiltshire should be within a 30-minute taxi journey of a Care Farm. We plan to start small with Care Farm three, taking on only a few students initially, given the uncertain policy climate for funding Alternative Provision and Special Educational Needs. We plan to host a national Care Farm Conference at Great Chalfield later in 2025, to give others the evidence and confidence they need to pick up the baton for nature-based education provision in other counties and nationally.

Our Adult Wellbeing team has recently secured funding for another four years of their Swindon Wellbeing Programme which will enable them to share their expertise in nature-based mental health programmes with other grassroots organisations, so that people from right across Swindon’s diverse communities can find respite in nature.

Partnership is a key focus for the Trust across both our strategic goals, which will enable us to achieve together with others what we cannot achieve alone.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust is a company limited by guarantee incorporated in England and is governed by its Memorandum and Articles of Association. It is also a charity registered in England. It is subject to both the Companies Act and the Charities Act.

The Trust is governed by a Board of Trustees known as the Council who are elected by the Trust’s members. The Trustees are the directors of the company for Companies Act purposes. The Council meets at least four times per year. Its work is supported by two committees: Finance and Risk and People, each of which has its own terms of reference.

Overall responsibility for all aspects of the leadership, direction, performance and probity of the Trust is vested in the Council.

In particular the Council has responsibility for:

Council has delegated to the Chief Executive Officer the following responsibilities:

The Council has determined that decisions on certain matters are reserved to the Council (or, in certain cases, to specified Committees of the Council or, where expedition is required and subject to certain safeguards, to the chair or other designated member of that Committee). Such matters include major unbudgeted expenditure not covered by matched funding, major long term arrangements or contracts, significant changes in investments and major changes to the Trust’s management structure or to employee benefits, as well as approval of strategies, budgets and other matters directly relevant to the Council’s fulfilment of its functions described above.

The Council has also delegated to Committees the task of monitoring various aspects of the Trust’s performance and of reporting back to the Council (with recommendations where appropriate). All Committee minutes are presented to the Council together with any recommendations for decision requiring the approval of Trustees.

Selection and Appointment of Trustees

The Council reviews at least once a year the skills and experience that the Trust needs amongst its Trustees. When a vacancy arises for a Trustee the Trust will place advertisements onto the website and any relevant

Page 15 of 48

WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

publications. Applications will also be actively sought from those who have experienced the Trust’s work and have an understanding of the communities of Wiltshire and Swindon. A recruitment pack is available to promote the vacancy and explain to prospective Trustees the requirements of the role.

A prospective Trustee submits an application which is considered by a Nominations Panel made up of the Chair, CEO and the Chair of the People Committee. Following an interview, the Nominations Panel recommends any suitable new Trustees to Council for approval.

Trustees are elected at the AGM for a three-year period and are permitted to complete two consecutive three-year terms following which they must stand down for at least one year. A special resolution may be sought if a Trustee continues to serve on the Board. A person may be appointed as a Trustee by the Council between AGM’s but must offer themself for election at the next AGM. All nominations for a person to be elected as a Trustee at the AGM are presented to the members of the Trust together with the names of their proposer and seconder.

Trustee Induction and Training

New Trustees are provided with an induction pack, which includes information on Wiltshire Wildlife Trust Limited, Terms of Reference for the Council and its Committees activities, as well as an explanation of their responsibilities as Trustees from the Charities Commission.

New Trustees are invited to meet the Executive Team, the Chair and Vice Chair and another Trustee who will act as a mentor. They will visit Trust nature reserves, make a visit to a Trust Care Farm and take advantage of Trustee induction materials provided by RSWT.

Arrangements for setting the pay and remuneration for the key management personnel

The Trust considers the key management personnel to comprise the Trustees, the Chief Executive, Director of Finance and Operations, Director of Fundraising and Engagement, Director of Education and Wellbeing, Director of Conservation and Land Management and the Director of Nature Recovery. The key personnel of the Charity are in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees give their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in notes 9 and 33 to the accounts.

Trustees are required to disclose all relevant interests and register them with the Chief Executive or Governance Officer and in accordance with the Trust’s policy withdraw from decisions where a conflict of interest arises.

The pay of the charity’s Chief Executive, senior personnel and all other staff are reviewed annually and cost of living increase considered as part of the budgeting process. Annually the Trust receives notification of the cost of living and salary levels of chief executives and senior staff across the Wildlife Trust movement. This helps individual trusts make informed decisions regarding future remuneration of staff. This is fully considered as part of the full budget process for the following financial year. The remuneration is also bench-marked with similar charities in the sector of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

Relationship with the charity and related parties including its subsidiaries

The Trust has a wholly owned trading subsidiary, Wiltshire Environmental Enterprises Ltd (Company No 01674944), which has not traded in 2024-25.

The Trust is a corporate member of the Royal Society of Wildlife Trusts. This consists of 46 wildlife trusts across the UK, Alderney and the Isle of Man to:

The Trust is one of 11 members of the South West Wildlife Fundraising Limited (SWWFL), which provides membership recruitment services.

The Trust holds two Directorships with Wiltshire Wildlife Community Energy (WWCE) which is a community-owned sustainable energy company. The purpose of the company is to benefit the local community through increased resilience, cheaper energy costs, greater local value added and through the recycling of the profits into projects that will mitigate against climate change.

Page 16 of 48

WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Fundraising Practices

Wiltshire Wildlife Trust is a member of the South West Wildlife Fundraising Limited (SWWFL) which provides membership recruitment services. The contact preferences for new members are recorded upon registration and adhered to with regards to communications and appeals. Other supporters opt in to receive information from the Trust under our GDPR policy.

Our Director of Fundraising and Engagement, Fundraising and Supporter Relations Manager, Trusts and Grants Officer and Membership Officer are employed to fundraise on behalf of the charity. This includes appeals, campaigns, legacy and in memory activity, corporate membership and donations, community giving, individual giving, membership, and applying for Trusts and Grants from recognised bodies for new projects and match funding. All activity undertaken is in line with the Institute of Fundraising Code of Conduct and our Fundraising and Gift Acceptance Policy.

The Trust is registered with the Fundraising Preference Service and operates within the regulations set by the Fundraising Regulator. The Telephone and Mail Preference Service are also adhered to. The Charity protects vulnerable people and members of the public by having policies in place and consent for communication. There have been no complaints to date.

Page 17 of 48

WILTSHIRE WILDLIFE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees’ Responsibilities

The Trustees (who are also the directors of Wiltshire Wildlife Trust Limited for the purposes of company law) are responsible for preparing their Report of the Trustees (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and the group and of the incoming resources and application of resources, including the income and expenditure, of Trust and the group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to Disclosure of Information to Auditors

In so far as the Trustees are aware, there is no relevant audit information of which the Trust’s auditors are unaware, and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Auditors

A resolution to reappoint Sumer Audit as auditors will be put to the members at the Annual General Meeting.

In approving the Report of the Trustees, we also approve the Annual Review included therein, in our capacity as company directors.

By order of the Trust Council

Dr P Heads Chair

Mr J Crawford Treasurer

1[st] December 2025

Page 18 of 48

WILTSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS REPORT TO MEMBERS OF WILTSHIRE WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025

Independent Auditors Report

Opinion

We have audited the financial statements of Wiltshire Wildlife Trust (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Group and the Parent Charitable Company Balance Sheet, the Group and Parent Charitable Company Cash Flow Statement and related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 19 of 48

WILTSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS REPORT TO MEMBERS OF WILTSHIRE WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 17, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.

Our objectives are to obtain reasonable assurance about whether the 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 assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to health and safety, employment law and company legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements of the Company. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the audit engagement team included:

Page 20 of 48

WILTSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS REPORT TO MEMBERS OF WILTSHIRE WILDLIFE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2025

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

James Gare Senior Statutory Auditor For and on behalf of Sumer Audit, Statutory Auditor Chartered Accountants County Gate, County Way Trowbridge, Wiltshire, BA14 7FJ

Date: 12 December 2025

Page 21 of 48

WILTSHIRE WILDLIFE TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Consolidated Statement of Financial Activities

Note Unrestricted Restricted 2025 2024
£ £ £ £
Income from:
Donations and legacies 2 1,157,386 47,463 1,204,849 1,544,960
Charitable activities 3 2,895,032 1,878,951 4,773,983 5,591,081
Other trading activities 4 149,380 - 149,380 154,769
Investments 5 124,048 - 124,048 124,442
Other 35,144 - 35,144 53,599
Total income 4,360,990 1,926,414 6,287,404 7,468,851
Expenditure on:
Raising funds
Recruiting new members 154,707 - 154,707 134,274
Fundraising, donations and
legacies		 250,736 - 250,736 159,380
Charitable activities


Nature is in Recovery 1,603,970 1,119,712 2,723,682 3,679,017
People are taking Action 2,279,350 184,373 2,463,723 2,059,792
Nature is Valued 78,971 - 78,971 59,018
Member Support 326,015 - 326,015 228,453
Total expenditure 6 4,693,749 1,304,085 5,997,834 6,319,934
Net gains / (loss) on
investments		 14 (419,645) - (419,645) (32,989)
Net income (752,404) 622,329 (130,075) 1,115,928
Transfers between funds 22

(435,834)

435,834

-
-
Net movement in funds (1,188,238) 1,058,163 (130,075) 1,115,928
Reconciliation of funds:









Total funds brought forward 5,913,553 12,695,150 18,608,703 17,492,775
Total funds carried forward 4,725,315 13,753,313 18,478,628 18,608,703

The statement of financial activities contains all gains and losses recognised during the year. All income and expenditure derive from continuing activities. The notes on pages 25 to 48 form part of these accounts

Page 22 of 48

WILTSHIRE WILDLIFE TRUST LIMITED CONSOLIDATED AND CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

Consolidated and Charity Balance Sheet

Group Charity
Note 2025 2024 2025 2024
£ £ £ £
Fixed Assets
Tangible assets 12 2,221,347 2,445,033 2,221,347 2,445,033
Heritage assets 13 10,375,253 9,733,253 10,375,253 9,733,253
Investments 14 362,269 354,577 372,269 364,577
Mixed motive investment – Properties 14 2,215,000 2,847,336 2,215,000 2,847,336
Mixed motive investment – Biodiversity
Credits		 14 86,305 86,305 86,305 86,305
15,260,174 15,466,504 15,270,174 15,476,504
Current Assets
Stocks and work in progress 15 234,480 227,830 234,480 227,830
Debtors 16 1,267,479 1,841,647 1,267,479 1,841,647
Cash at bank and in hand 2,156,546 1,622,217 2,138,319 1,602,709
3,658,505 3,691,694 3,640,278 3,672,186
Creditors: amounts falling due within
one year		 17 (440,051) (549,495) (438,403) (549,492)
Net current assets 3,218,454 3,142,199 3,201,875 3,122,694
Total assets less current liabilities 18,478,628 18,608,703 18,472,049 18,599,198
Total net assets 18,478,628 18,608,703 18,472,049 18,599,198
Charity Funds
Capital Fund
Restricted nature reserves 20 11,708,447 11,114,884 11,708,447 11,114,884
Other Funds
Restricted funds 20 2,044,866 1,580,266 2,044,866 1,580,266
Unrestricted funds:
Unrestricted Funds 21 1,588,678 1,580,997 1,582,099 1,571,493
Designated capital funds 21 2,215,000 2,847,336 2,215,000 2,847,336
Designated other funds 921,637 1,485,220 921,637
 1,485,220
18,478,628 18,608,703 18,472,049 18,599,198

The financial statements were approved and authorised for issue by the Trustees on 1[st] December 2025. Signed on behalf of the board of Trustees:

Dr P Heads Mr J Crawford

The notes on pages 24 to 48 form part of these accounts

Company number: 00730536

Page 23 of 48

WILTSHIRE WILDLIFE TRUST LIMITED CONSOLIDATED AND CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Consolidated and Charity Statement of Cash Flows

Note
Cash flow from operating activities
28
Interest paid
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed assets
Payments to acquire Investments
Receipts from sales of property
investments
Dividends and interest received
Rents received from investment
properties
Net cash flow from investing activities
Cash flow from financing activities
Repayment of long-term loans
Net cash flow from financing activities
Increase / (decrease) in cash & cash
equivalents
Cash and cash equivalents at 1 April
2024
Cash and cash equivalents at 31
March 2025
Cash and cash equivalents consist of:
Cash at bank and in hand
Cash and cash equivalents at 31
March 2025		 Group
2025
2024
£
£
891,265
610,354
(375)
(1,962)
890,890
608,392








(685,608)
(738,214)
-
(86,305)
205,000
-
49,962
41,699
74,085
82,743
(356,561)
(700,077)








-
(50,569)
-
(50,569)




534,329
(142,254)



1,622,217
1,764,471
2,156,546
1,622,217








2,156,546
1,622,217
2,156,546
1,622,217		 Charity
2025
2024
£
£
892,546
611,331
(375)
(1,962)
892,171
609,369






(685,608)
(738,214)
-
(86,305)
205,000
-
49,963
41,463
74,085
82,743
(356,560)
(700,313)






-
(50,569)
-
(50,569)



535,610
(141,513)



1,602,709
1,744,222
2,138,319
1,602,709






2,138,319
1,602,709
2,138,319
1,602,709		 Charity
2025
2024
£
£
892,546
611,331
(375)
(1,962)
892,171
609,369






(685,608)
(738,214)
-
(86,305)
205,000
-
49,963
41,463
74,085
82,743
(356,560)
(700,313)






-
(50,569)
-
(50,569)



535,610
(141,513)



1,602,709
1,744,222
2,138,319
1,602,709






2,138,319
1,602,709
2,138,319
1,602,709
609,369


(738,214)
(86,305)
-
41,463
82,743
(700,313)


(50,569)
(50,569)

(141,513)

1,744,222
1,602,709


1,602,709
1,602,709

Page 24 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements

1) Accounting policies

a) General information and basis of preparation

Wiltshire Wildlife Trust Limited is a charitable company limited by guarantee registered in England and Wales. The address of the registered office is given in the legal and administrative information on page 2 of these financial statements. The nature of the charity’s operations and principal activities are provided in the Report of the Trustees.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Group financial statements

These group financial statements consolidate the results of the charity and its wholly-owned subsidiary Wiltshire Environmental Enterprises Limited, both of which make up their financial statements to 31 March. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006.

Cash held at the year end by supporter groups is incorporated within the financial statements where amounts have been advised to the Trust.

c) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

d) Funds

Unrestricted funds - Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

- Designated funds Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds - Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Restricted Nature Reserves Capital Fund - All income which increases this fund is dealt with in the income and expenditure account. Expenditure is of a capital nature and thus represented by an addition to the nature reserves owned by the charity and included in tangible fixed assets on the balance sheet.

e) Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Page 25 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity, for example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the Charities SORP (FRS 102). Further detail is given in the Report of the Trustees.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

Landfill tax income is credited to the income and expenditure account and is recognised when entitlement has occurred.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Other income includes any income not falling into other income categories.

f) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

g) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include management, finance, information technology, human resource, volunteering, corporate, governance and contribution towards RSWT and SWWT costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Salaries are allocated by reviewing time spent by each employee on the activities and attributing cost accordingly. Other costs are allocated on a percentage basis as detailed overleaf.

2025 2024
• Member support 3% 3%
• Nature is in recovery 49% 61%
• People are Taking Action 45% 33%
• Nature is Valued 1% 1%
• Recruiting new members 1% 1%
• Fundraising, donations and legacies 2% 1%

The analysis of these costs is included in note 7.

Page 26 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

h) Tangible Fixed Assets

Fixed assets are stated at original cost less accumulated depreciation or, if donated, the value at date of receipt less accumulated depreciation. Expenditure on assets is capitalised if the expenditure amounts to £2,000 or more.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset evenly over its expected useful life as follows:

Freehold buildings and improvements - between 25 years and 50 years
Agricultural buildings - over 25 years
Vehicles, equipment, furniture and fittings - between 3 years and 10 years
Computer equipment - over 3 years

i) Heritage assets

The Charity’s objects include the conservation of nature for the purpose of study and research and to educate the public in understanding and appreciation of nature, the awareness of its value and the need for its conservation. As such the Charity owns and maintains a number of nature reserves that fall into the definition of heritage assets in accordance with FRS 102. These assets have been capitalised at cost at the date of acquisition, and being land in nature have not been depreciated.

The costs of maintaining the heritage assets are expensed through the Statement of Financial Activities as incurred, as part of the Trust’s charitable activities.

j) Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in ‘net gains / (losses) on investments’ in the Statement of Financial Activities. Where investment properties are reclassified as functional fixed assets due to change of use they are transferred at the prevailing market rate.

k) Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the Statement of Financial Activities if the shares are publicly traded or their fair value can otherwise be measured reliably. If this is not possible the asset is held at impaired cost.

Investments in the subsidiary are stated at cost less any provision for impairment.

l) Mixed Motive Investments A mixed motive investment is an asset held by the charity that provides a financial return but also contributes to the investing charity’s purposes.

The Charity holds a number of residential properties which generate a commercial rent. These properties are located on the Charity’s nature reserves, and retaining ownership allows the charity to better control how these sites are maintained and developed - thereby helping protecting these important sites. Mixed motive investments are valued at fair value, unless it is impractical to obtain a valuation, in which case they are held at impaired cost.

m) Stock and Work in Progress

Livestock are included at discounted market valuation. Other stocks and work in progress are stated at the lower of cost and net realisable value.

The cost of work in progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

p) Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Page 27 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

q) Concessionary loans

Concessionary loans include those payable to a third party which are interest free or below market interest rates and are made to advance charitable purposes. Loans are repayable on demand within one year and are measured at cost, less impairment.

r) Financial Instruments

The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method and investment properties and listed investments which are measured at fair value.

s) Leases

Assets acquired under hire purchase agreements are capitalised and depreciated over the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals paid under operating lease commitments are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

t) Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

A Group Personal Pension scheme (on a defined contribution basis) is offered to the employees of Wiltshire Wildlife Trust Limited and its subsidiary. Contributions payable for the year by the employer are charged in the Statement of Financial Activities.

u) Tax

The charity is a charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

v) Judgements and key sources of estimation uncertainty

The key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities include investment property valuations (note 14) and stock (note 15).

2) Income from donations and legacies

Membership income
Donations and appeals
Gift Aid
Legacies
Total		 2025
2024
£
£
647,425
648,808
127,204
425,696
156,073
143,823
274,147
326,633
1,204,849
1,544,960

3) Income from charitable activities

Grants
Landfill tax
Charitable Trust (project specific)
Other Charitable Activities
Total		 2025
£
2,242,505
350,495
42,759
2,138,224
4,773,983		 2024
£
2,327,478
755,958
636,089
1,870,983
5,590,508

Page 28 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Income from charitable activities (continued)

A breakdown of grant income received is as follows:

A breakdown of grant income received is as follows:
Unrestricted Restricted 2025 2024
£ £ £ £
Natural England - 47,114 70,480
Local Authorities - - -
Wiltshire Council - 424,448 394,991
Swindon Borough Council - 244,498 191,654
Salisbury City Council - - 19,185
Cranborne Chase AONB - 32,009 50,860
Public Health - 38,999 31,999
Environment Agency - 260,614 41,878
Wessex Water - 51,900 70,250
The National Lottery Heritage Fund - - 456,969
The National Lottery Community
Fund		 - 86,211 92,252
The National Lottery Community
Fund and the European Social - - -
Fund
Rural Payments Agency (European
Agricultural Fund for Rural 461,570 - 257,453
Development and Defra)
Wessex Archaeology - 3,106 -
Crest Nicholson South West - - -
Animal & Plant Health Agency - - -
Historic England - - -
Department of Work and Pensions - - -
Woodland Trust - 25,849 23,115
Wiltshire Wildlife Community
Energy Ltd		 20,661 - 17,568
Shaw Trust - - -
Defence Infrastructure
Organisation		 - - 37,234
New Forest National Park Authority - - -
Wessex Rivers Trust - 18,713 -
The Tree Council - - -
National Highways - 142,339 307,242
North Wessex Downs AONB - 67,261 30,421
Quartet Community Foundation - 20,000 20,000
Armed Forces Covenant Fund - 29,617 40,745
Landmarc Support Services Ltd - (23,392) 118,016
Thames Water Utilities - 200,000 -
National Trust - - 5,000
University of Cambridge - 4,875 -
Royal Society of Wildlife Trusts - 25,496 -

Page 29 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Income from charitable activities (continued)
Persimmon
Ernest Cook Trust
Cotswold National Landscape
Wain Homes (Severn Valley
Other grants
4)
Income from other trading activities
Café income
Retail
Total
5)
Income from investments
Rental income
Income from UK investments
Bank and building society interest
Other interest
Total
6)
Expenditure
Expenditure on:
Raising funds
Recruiting new members
Fundraising, donations and legacies
Total
Charitable activities
Nature is in Recovery*
People are Taking Action
Nature is valued
Member Support
Total
Total expenditure**		 Unrestricted
-
-
-
-
1,926		 Restricted
-
20,000
19,239
-
19,451		 Restricted
-
20,000
19,239
-
19,451		 Restricted
-
20,000
19,239
-
19,451		 2025
2,242,505
2025
£
147,442
1,938
149,380
2025
£
74,085
34,842
1,609
13,512
124,048
2025
£
154.707
250,736
405,443
2,723,682
2,463,723
78,971
326,015
5,592,391
5,997,834		 2025 2025 2025 2024
30,000
-
-
6,000
14,166
2,327,478
2024
£
151,362
3,407
154,769
2024
£
82,743
22,627
18,940
132
124,442
2024
£
134,269
159,363
293,632
3,677,818
2,059,792
59,140
228,453
6,025,203
6,318,835		 2024
30,000
-
-
6,000
14,166
484,156 1,758,349 2,242,505 2,327,478
Activities
undertaken
directly
£
149,473
235,037
384,510
2,227,069
2,013,978
64,555
261,082		 Support
costs
(note 7)
£
5,234
15,699


20,933
496,613
449,745
14,416
64,933



405,443
2,723,682
2,463,723
78,971
326,015



4,566,684
4,951,194		 1,025,707 5,592,391
1,046,640 5,997,834

Page 30 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

7) Analysis of support costs

Charitable Activities Raising funds Raising funds
Nature is in
recovery		 People are
taking
action		 Nature is
valued		 Member
support		 Recruiting
new
members		 Fundraising,
donations
and
legacies		 Total
£ £ £ £ £ £ £
Year ended 31 March 2025
Management 53,534 48,482 1,554 7,000 564 1,692 112,826
Finance 60,414 54,712 1,754 7,899 637 1,910 127,326
Information Technology
81,007		 73,362 2,352 10,592 854 2,561 170,728
Human Resources 28,190 25,530 818 3,686 297 891 59,412
Corporate 230,375 208,633 6,687 30,122 2,428 7,282 485,527
Volunteering 12,045 10,908 350 1,575 127 381 25,386
Governance 9,490 8,595 275 1,241 100 300 20,001
Contribution towards
RSWT and SWWT		 21,558 19,523 626 2,818 227 682 45,434
Total 496,613 449,745 14,416 64,933 5,234 15,699 1,046,640
Year ended 31 March 2024
Management 83,355 45,445 1,305 4,343 686 2,058 137,192
Finance 76,178 41,532 1,192 3,969 627 1,881 125,379
Information
Technology		 76,929 41,943 1,204 4,008 633 1,899 126,616
Human Resources 23,400 12,758 366 1,219 193 578 38,514
Corporate 206,008 112,317 3,225 10,734 1,695 5,086 339,065
Volunteering 10,389 5,664 164 542 85 256 17,100
Governance 12,152 6,625 190 634 100 300 20,001
Contribution towards
RSWT and SWWT		 27,876 15,198 436 1,452 230 688 45,880
Total 516,287 281,482 8,082 26,901 4,249 12,746 849,747

* Our revised strategy now has two goals, and this will be reallocated accordingly in financial year 2025-2026.

Page 31 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

8) Net income for the year

Group net income for the year is stated after charging / (crediting)

2025 2024
£ £
Depreciation of tangible fixed assets 147,685 147,685
(Profit) / loss on disposal of tangible fixed assets 86,112 (1,699)
Operating lease rentals 17,402 20,980
Auditor’s remuneration for audit services 28,188 25,000
Auditors’ remuneration for accountancy and other services 2,656 3,981

9) Trustees’ and key management personnel remuneration and expenses

The Trustees neither received nor waived any remuneration during the year (2024: £Nil).

The total amount of employee benefits received by key management personnel is £421,035 (2024: £354,661). The Trust considers its key management personnel comprise the Trustees, the Chief Executive, the Director of Education and Wellbeing, the Director of Engagement and Fundraising, the Director of Conservation and Land Management, the Director of Nature Recovery and the Director of Finance and Operations.

No expenses (2024: £Nil) were reimbursed to Trustees and no expenses (2024: £Nil) were paid directly to third parties.

10) Staff costs and employee benefits

Total staff costs and employee’s benefits were as follows:

2025
£
Salaries and wages
2,906,367
Social security costs
265,495
Pension costs
180,413
Other employee benefits
Death in service
61,392
Permanent health insurance
35,989
Staff costs for the charity
3,449,656
Staff costs for Wiltshire Environmental Enterprises Limited
-
Total staff costs for the group
3,449,656
Redundancy of £15,359 was paid in the year (2024: £21,055) were made during the year.
Total Employee Benefits
Number of
2025
Between £60,000 and £69,999
2
Between £70,000 and £79,999
-
Between £80,000 and £89,999
1		 2024
£
2,578,722
208,144
182,199
49,814
37,691
3,056,570
-
3,056,570
employees
2024
1
1
-

Page 32 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Staff costs and employee benefits (continued)

The average actual number of employees during the year was as follows:

Trust officers and support staff
Consultancy activities
Total		 Group
2025
2024
174
143
-
-
174
143		 Charity
2025
2024
174
143
-
-
174
143

The average number of full time equivalent employees during the year was as follows:

Trust officers and support staff
Consultancy activities
Total		 Group
2025
2024
103
90
-
-
103
90		 Charity
2025
2024
103
90
-
-
103
90

11) Comparative Group Statement of Financial Activities (including income and expenditure account)

Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total income
Expenditure on:
Raising funds
Recruiting new members
Fundraising, donations and legacies
Charitable activities
Nature is in Recovery
People are taking action
Nature is valued
Member support
Total expenditure
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
1,211,673
2,397,765
154,769
124,344
48,977
3,937,528
134,274
159,380
1,608,588
1,915,596
59,018
228,453
4,105,309
(32,989)
(200,770)
180,395
(20,375)
5,933,928
5,913,553		 Restricted
£
333,287
3,193,316
-
98
4,622
3,531,323
-
-
2,070,429
144,196
-
-
2,214,625
-
1,316,698
(180,395)
1,136,303
11,558,847
12,695,150		 2024
£
1,544,960
5,591,081
154,769
124,442
53,599
7,468,851
134,274
159,380
3,679,017
2,059,792
59,018
228,453
6,319,934
(32,989)
1,115,928
-
1,115,928
17,492,775
18,608,703

Page 33 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

12) Tangible assets Group and charity

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
Buildings
£
3,001,325
-
(138,941)
2,862,384
784,827
79,554
(50,560)
813,821
2,048,563
2,216,498		 Vehicles &
Equipment
£
656,849
15,425
-
672,274
513,290
51,290
-
564,580
107,694
143,559		 Furniture
& Fittings
£
171,347
20,183
(20,740)
170,790
86,371
19,329
-
105,700
65,090
84,976		 Total
£
3,829,521
35,608
(159,681)
3,705,448
1,384,488
150,173
(50,560)
1,484,101
2,221,347
2,445,033

13) Heritage assets

The Trust’s nature reserves are held to advance the conservation objectives of the charity and therefore are recognised as Heritage assets. Such assets are central to the achievements of the Trust. Purchased heritage assets are included in the balance sheet at cost. Donated assets are only included in the balance sheet where a reliable valuation can be obtained at the date of donation. Other nature reserves are leased or rented at a nominal value.

35 different nature reserves have been purchased or donated throughout the life of the Trust. In addition, a further 6 nature reserve sites are being leased or rented at a nominal rental.

Public access to the sites is generally unrestricted subject to health and safety, temporary operational or other restrictions such as within leases or conveyance documents.

Five year summary of heritage asset transactions

Group and charity
Cost brought forward
Purchased additions in year
Donated additions in year
Disposals in year
Cost carried forward		 2025
2024
2023
2022
2021
£
£
£
£
£

9,733,253
9,073,253
7,373,253
7,224,473
6,247,798
650,000
440,000
1,700,000
202,100
380,000
-
220,000
-
-
596,675
-
-
-
(53,320)
-
10,383,253
9,733,253
9,073,253
7,373,253
7,224,473

Page 34 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Heritage assets (continued)
Group and charity
Depreciation
At 1 April 2024
Charge for the year
Eliminated on disposals
Cost carried forward
Net Book Value
At 31 March 2025
At 31 March 2024		 2025
2024
2023
2022
2021
£
£
£
£
£

-
-
-
-
-
8,000
-
-
-
-
-
-
-
-
-
8,000
-
-
-
-
2025
2024
2023
2022
2021
£
£
£
£
£
10,375,253
9,733,253
9,073,253
7,373,253
7,224,473
9,733,253
9,073,253
7,373,253
7,224,473
6,247,798

For wholly owned heritage assets - no depreciation charged - but Great Chalfield is held on a leasehold so depreciated over life of lease at £1,000 per month (49 year lease)

The Trust’s nature reserves are held to advance the conservation objectives of the charity and therefore are recognised

It is not practical to separately identify the amount spent on maintaining these assets as it is so integral to the general work of the Trust.

14) Investments

Charity
Cost or valuation
At 1 April 2024
Additions
Disposals
Gains / (losses) on
revaluation
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024		 Mixed
Motive
Investments
– Properties
£
2,847,336
-
(205,000)
(427,336)
2,215,000
2,215,000
2,874,336		 Mixed
Motive
Investmen
ts –
Rights to
biodiversit
y units
£
86,305
-
-
86,305


86,305
86,305		 Listed
investm
ents
£
354,577
-
-
7,692
362,269


362,269
354,577		 Other
investments
£
10,000
-
-
-
10,000


10,000
10,000		 Total
£
3,298,218
-
(205,000)
(419,644)
2,673,574

2,673,574
3,298,218

Page 35 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Investments (continued)

Investments at fair value comprise:

Group
Mixed
Motive
Investments
– Properties
£
Charity
Cost or valuation
At 1 April 2024
2,847,336
Additions
-
Disposals
(205,000)
Gains / (losses) on
revaluation
(427,336)
At 31 March 2025
2,215,000
Carrying amount
At 31 March 2025
2,215,000
At 31 March 2024
2,874,336
Mixed motive investments -
properties
Mixed motive investments – rights
to biodiversity units
Listed investments – Equities
Other investments		 Mixed
Motive
Investments
– Rights to
biodiversity
units
Listed
investments
£
£
86,305
354,577
-
-
-
(3,083)
10,775
86,305
362,269




86,305
362,269
86,305
354,577
Group
2025
2024
£
£
2,215,000
2,847,336
86,305
86,305
362,269
354,577
-
-
2,663,574
3,288,218		 Other
investments
£
10,000
-
-
-
10,000


10,000
10,000
Charity
2025
£
2,215,000
86,305
362,269
10,000
2,673,574		 Other
investments
£
10,000
-
-
-
10,000


10,000
10,000
Charity
2025
£
2,215,000
86,305
362,269
10,000
2,673,574		 Total
£
3,298,218
-
(208,083)
(416,561)
2,673,574

2,673,574
3,298,218

2024
£
2,847,336
-
354,577
10,000
3,211,913

Mixed motive investment – properties

Investment properties were subject to an independent, professional valuation in January 2025. The valuation was undertaken by Giles Langford, FRICS on behalf of Nuven Surveyors Ltd. The fair value of investment properties is determined by reference to market value as defined within RICS Valuation – Professional Standards. The Land Registry house price index has been used to estimate movements in the market within Wiltshire, the movement in value during the year was insignificant and no adjustment to the values have been applied. Full professional revaluations will be conducted with sufficient regularity to ensure that the carrying value in the accounts does not differ materially from the fair value of the asset.

Page 36 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Investments (continued)

The historic cost equivalent of investment property included at fair value is as follows:

Cost
Accumulated depreciation
Net book value		 2025
£
1,547,216
(629,306)
917,910		 2024
£
1,547,216
(598,362)
948,854

Mixed motive investments – Biodiversity credits

In Collaboration with Avon Wildlife Trust and Entrade, the Charity has acquired and ‘banked’ the Rights to Biodiversity Units from Projects from Round 2 of the Bristol Avon Catchment Market, for sale to developers once the Biodiversity net gain obligation commences. Funds invested will be spent on the development and operation of the Catchment Market, or on nature-based solutions projects generating environmental credits in Avon and Wiltshire if the market were to end.

The Rights to Biodiversity Units are shown at impaired cost as a reliable fair value is unpracticable.

Equity investments

Equity investments are held in the M&G Charifund – Equities Investment Fund for Charities (Income) and traded in quoted public markets. The charity was gifted shares in 16 different companies in 2021. The fair value of these investments is determined by reference to the equivalent market value, using the bid price at the balance sheet date.

Other investments

Other investments are measured at cost less impairment on the basis that they represent shares in entities that are not publicly traded and fair value cannot otherwise be measured reliably. Included within other investments is a shareholding in a 100% owned subsidiary, Wiltshire Environmental Enterprises Limited, a company incorporated in the United Kingdom. At the year end date, the aggregate capital and reserves of the company amounted to £18,475 (2024: £19,505). Further details concerning the activities and assets of this company are given in note 28.

15) Stock

Group Charity
2025 2024 2025 2024
£ £ £ £
Livestock and hay 234,480 227,830 234,480 227,830
tors
Group Charity
2025 2024 2025 2024
£ £ £ £
Trade debtors 614,478 835,643 614,478 835,643
Grant debtors 75,000 512,685 75,000 512,685
Gift aid debtor 89,462 143,400 89,462 143,400
Other debtors 7,396 6004 7,396 6004
Prepayments and accrued income 481,143 343,915 481,143 343,915
1,267,479 1,841,647 1,267,479 1,841,647

16) Debtors

Page 37 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

17) Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Other taxes and social security
Accruals
Deferred income		 Group
2025
2024
£
£
85,460
263,822
52,247
29,944
117,984
107,715
153,704
142,861
30,656
5,153
440,051
549,495		 Charity
2025
2024
£
£
85,460
263,822
52,247
29,944
117,036
107,715
153,004
142,858
30,656
5,153
438,403
549,492		 Charity
2025
2024
£
£
85,460
263,822
52,247
29,944
117,036
107,715
153,004
142,858
30,656
5,153
438,403
549,492
549,492

Included within other creditors above are pension creditors of £19,520 (2024: £17,302). The concessionary loan was repayable on demand, was interest free, and was repaid within the year.

18) Deferred income

Charity and group

arity and group
Balance deferred at 1 April 2024
Amount released to income
Amount deferred in the year
Balance deferred at 31 March 2025		 Donations,
legacies and
grants
£
2,603
-
10,000
12,603		 Other
trading
activities
£
2,550
(2,550)
18,053
18,053		 2025
£
5,153
(2,550)
28,053
30,656		 2024
£
3,205
(602)
2,550
5,153

Page 38 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

19) Commitments under operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

Group and charity
Not later than one year
Later than one year and not later than five years		 2025
£
17,502
61,890
79,392		 2024
£
17,452
79,342
96,794

20) Restricted funds

Year ended 31 March 2025

Capital
Nature Reserves Capital Fund –
Land
Nature Reserves Capital Fund –
Buildings
OTHER FUNDS
Water Team Core
Green Lane Wood
Swindon Reserves Management
WSBRC – Bio Records
Nature Recovery
The Swindon Wellbeing
Programme
Local Nature Partnership
Wellbeing Project
Morningside Meadows Farm
Semley Woodlands
Chalk Reserves
The Willows Care Farm
Great Wood
Bristol Avon Catchment Market
Langford Lakes & Smallbrook
Bishopstone		 Balance
1.4.24
Capital
£
9,733,253
1,381,631
11,114,884
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,114,884		 Balance
1.4.24
Income
£
-
-
-
937,566
15,000
129,938
211,046
-
16,195
-
44,719
10,000
10,000
35,000
17,991
5,000
86,305
-
61,506
1,580,266
1,580,266		 Net
movement
in funds
£
642,000
(48,437)
593,563
354,225
366
14,825
(18,045)
(13,994)
(21,097)
34,851
66,440
(90)
(2,826)
(20,077)
(6,579)
2,338
(59)
(1,084)
75,406
464,600
1,058,163		 Balance
31.3.25
Capital
£
10,375,253
1,333,194
11,708,447
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,708,447		 Balance
31.3.25
Income
£
-
-
-
1,291,791
15,366
144,763
193,001
(13,994)
(4,902)
34,851
111,159
9,910
7,174
14,923
11,412
7,338
86,246
(1,084)
136,912
2,044,866
2,044,866

Page 39 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Restricted funds (continued)

Year ended 31 March 2024 comparative

Capital
Nature Reserves Capital Fund –
Land
Nature Reserves Capital Fund –
Buildings
OTHER FUNDS
Water Team Core
Green Lane Wood
Swindon Reserves Management
WSBRC – Bio Records
The Swindon Wellbeing
Programme
Wellbeing Project
Morningside Meadows Farm
Semley Woodlands
Nature Recovery Network
UASC
The Willows Care Farm
Great Wood
Action for Insects
Briston Avon Catchment Market
Bay Meadows
Bishopstone		 Balance
1.4.23
Capital
£
9,073,253
1,422,828
10,496,081
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,496,081		 Balance
1.4.23
Income
£
-
-
-
682,888
15,338
61,380
181,738
32,558
11,241
18,577
28,453
-
6,721
7,254
8,226
41,752
30,583
(63,943)
-
1,062,766
1,062,766		 Net
movement
in funds
£
660,000
(41,197)
618,803
254,678
(338)
68,558
29,308
(16,363)
33,478
(8,577)
(18,453)
35,000
(6,721)
10,737
(3,226)
(41,752)
55,722
63,943
61,506
517,500
1,136,303		 Balance
31.3.24
Capital
£
9,733,253
1,381,631
11,114,884
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,114,884		 Balance
31.3.24
Income
£
-
-
-
937,566
15,000
129,938
211,046
16,195
44,719
10,000
10,000
35,000
-
17,991
5,000
-
86,305
-
61,506
1,580,266
1,580,266

This note gives details of some of the areas of work for which the Trust receives Restricted Funds. It should be noted that the figures shown refer only to the Restricted Funds allocated to an area of work and do not reflect the total income applied to that area of work.

Income and expenditure for all areas of work are also funded from designated and unrestricted income. Any small deficit balances at the year end reflect expenditure in advance of related income being received.

The Nature Reserves Capital Fund: Is represented by the nature reserves owned by the charity. Any decision taken to dispose any of these nature reserves may be subject to discussions with the original funders. It also includes the value of the farmhouse and buildings acquired at the same time as the land at Clattinger Farm, Blakehill Farm and Langford Lakes Nature Reserve.

Page 40 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Restricted funds (continued)

The Water Team Core: Delivers various projects and programmes throughout Wiltshire and Swindon to improve waterways.

Green Lane Wood: Funds for Green Lane Wood are to be used to mitigate the effects of a large housing development adjacent to the woods.

Swindon Reserves Management: A project to maintain the Nature Park at Tadpole Farm Housing Development and undertake work in association with Swindon Borough Council to enhance and maintain the Meadows in and around Swindon.

The Wiltshire and Swindon Biological Records Centre (WSBRC): Is a ‘One Stop Shop’ for biological records and other data in Wiltshire and Swindon.

Nature Recovery: A fund to support the recovery of nature. The deficit shown from the funds will be replenished with future revenues

The Swindon Wellbeing Programme: Funded by the National Lottery Community Fund to support mental and emotional wellbeing through nature based activities. The deficit shown from the funds will be replenished with future revenues

Local Nature Partnership: Funding for hosting the local nature partnership role within WWT. Role works across multiple organisations to bring together the plans and projects to support local nature recovery.

Wellbeing Project: Is funded by Wiltshire Council and uses outdoor activities in nature as a therapeutic measure to prevent ill health and support mental health recovery.

Morningside Meadows Farm: Funds held to undertake essential capital works, improve the site condition and support the volunteer group with conservation and monitoring.

Semley Woodlands: Monies set aside to undertake essential works to the woodlands at Semley and for ongoing maintenance.

Chalk Reserves: Swire Funding to support habitat management and restoration across our Chalk Reserves.

The Willows Care Farm: Monies held to undertake the capital works at the new Care Farm based at Mill Farm, Broughton Gifford

Great Wood: This is a long-term project that will restore Great Wood to its former glory.

Bristol Avon Catchment Market: a collaborative project funded by the Green Recovery Challenge Fund to kickstart a Market for nature-based solutions.

Langford Lakes & Smallbrook: Part of habitat restoration as reparation for historical road building. The deficit shown from the funds will be replenished with future revenues

Bishopstone: funding to support habitat enhancement as part of reparation for historical road building.

UASC: A project funded by Wiltshire Council to support the Social and Emotional Mental Health for Unaccompanied Asylum Seeking and Refugee Young People in Wiltshire

Action for Insects: Green Recovery Challenge Fund monies received to take action for insects across a number of Trust reserves to support conservation grazing, surveying and monitoring and help to halt and reverse the decline in invertebrate populations across the County.

Bay Meadows: a Heritage Lottery funded project to acquire the site, undertake capital improvements to enhance habitat and the nature park. Restricted match funding has been secured for the overall project.

Included within the investment properties fund are net unrealised losses of £419,644

Page 41 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

21) Unrestricted funds

Year ended 31 March 2025

Designated nature
recovery funds
Nature recovery
Investment properties
(including revaluation
reserve)
Designated funds
Lower Moor Farm
Climate Change
Swindon Allotment
Landscape Ecology
Blakehill Farm (North)
Reserves Management
Langford Lakes –
Reserves South
Jones Mill
Youth Education &
Wellbeing
Care Farms
Unrestricted funds
General fund
Funds of charity
Funds of subsidiary
company
Funds of group		 Balance
1.4.24
Capital
£
-
2,847,336
2,847,336
-
-
-
-
-
-
-
-
-
-
-
1,063,405
3,910,741
-
3,910,741		 Balance
1.4.24
Income
£
1,039,511
-
1,039,511
184,042
27,680
5,786
75,701
-
-
-
57,500
40,000
55,000
445,709
508,087
1,993,307
9,505
2,002,812		 Net
movement
in funds
£
(628,451)
(632,336)
(1,260,787)
4,684
(19,229)
459
72,812
(1,098)
937
(6,454)
-
7,878
4,879
64,868
10,607
(1,185,312)
(2,926)
(1,188,238)		 Balance
31.3.25
Capital
£
-
2,215,000
2,215,000
-
-
-
-
-
-
-
-
-
-
-
888,153
3,103,153
-
3,103,153		 Balance
31.3.25
Income
£
411,060
-
411,060
188,726
8,451
6,245
148,513
(1,098)
937
(6,454)
57,500
47,878
59,879
510,577
693,946
1,615,583
6,579
1,622,162

Page 42 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted funds (continued)

Year ended 31 March 2024 comparative

Designated nature
recovery funds
Nature recovery
Investment properties
(including revaluation
reserve)
Designated funds
Lower Moor Farm
Climate Change
Swindon Allotment
Landscape Ecology
Bay Meadows
Jones Mill
Youth Education &
Wellbeing
Care Farms
Unrestricted funds
General fund
Funds of charity
Funds of subsidiary
company
Funds of group		 Balance
1.4.23
Capital
£
-
2,876,580
2,876,580
-
-
-
-
-
-
-
-
-
1,094,295
3,970,875
-
3,970,875		 Balance
1.4.23
Income
£
1,056,815
-
1,056,815
145,140
44,472
6,803
95,269
57,738
57,500
50,026
-
456,948
439,227
1,952,990
10,063
1,963,053		 Net
movement
in funds
£
(17,304)
(29,244)
(46,548)
38,902
(16,792)
(1,017)
(19,568)
(57,738)
-
(10,026)
55,000
(11,239)
37,970
(19,817)
(558)
(20,375)		 Balance
31.3.24
Capital
£
-
2,847,336
2,847,336
-
-
-
-
-
-
-
-
-
1,063,405
3,910,741
-
3,910,741		 Balance
31.3.24
Income
£
1,039,511
-
1,039,511
184,042
27,680
5,786
75,701
-
57,500
40,000
55,000
445,709
508,087
1,993,307
9,505
2,002,812

The charity’s income includes funds that are designated by the charity in agreement with the funder for use on particular activities and projects.

This note gives details of some of the areas of work for which the Trust receives Designated Funds. It should be noted that the figures shown refer only to the Designated Funds allocated to an area of work and do not reflect the total income applied to that area of work. Income and expenditure for all areas of work are also funded from restricted and unrestricted income.

Nature Recovery: A designated fund to support the recovery of nature.

Investment properties (including revaluation reserve): the mixed motive investment properties are located on the Trusts Nature Reserves. These are retained to ensure sites can be strategically managed therefore are used for staff accommodation and residential letting.

Lower Moor Farm: Funds are to support and develop visitor facilities and conservation objectives at the Lower Moor Farm complex.

Climate Change: Monies allocated from the WWCE Community Fund and other grants to support climate change mitigation in Wiltshire.

Page 43 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted funds (continued)

Swindon Allotment: Funds received to support the Swindon Allotment group in association with the Swindon Wellbeing project.

Landscape Ecology: Grants and donations received to support the employment of a Landscape Ecologist.

Blakehill Farm: This project will build on the previous work and continue to support staff salary, contractor costs and farming costs which will in turn allow the Trust to undertake the operations needed to protect and enhance the site. The deficit shown from the funds will be replenished with future revenues.

Reserves Management: To maintain and enhance the biodiversity of this particularly rich nature reserve. In particular the creation and enhancement of wetland and associated habitats.

Langford Lakes – Reserves South: Funds set aside for the enhancement of the visitor facilities at the nature reserve lying alongside the River Wylye at Steeple Langford. The deficit shown from the funds will be replenished with future revenues

Jones Mill: A designated fund to ensure the adequate maintenance of Jones Mill.

Youth Education and Wellbeing: offers a wide range of workshops, events and training to schools and community groups through nature based activities.

Care Farms: Includes lakeside based at Lower Moor Farm and The Willows based at Broughton Gifford. The Care Farms enable young people to work with nature in a farming and horticultural environment. It promotes physical and mental health and wellbeing through therapeutic and educational activities.

Land Acquisition Fund: Appeal, legacies, donations and land sale proceeds to be used for future land acquisitions.

Bay Meadows: Monies received from The Hills Group to undertake capital works on the Bay Meadows site.

22) Transfer between funds

Transfers totalling £435,834 were made during the year to reflect the movement in fixed assets and financing of them, as well as fund reallocations.

Page 44 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

23) Group analysis of net assets between funds As at 31 March 2025

Tangible fixed assets
Heritage assets
Mixed motive investments
Other investments
Stock and work in progress
Debtors
Cash
Current liabilities
Creditors more than one
year		 Designated
£
-
-
2,215,000
362,269
-
399,436
244,484
(84,552)
-
3,136,637		 General
Fund
£
888,153
-
-
-
234,480
437,879
279.061
(250,895)
-
1,588,678		 Nature
Reserve
Capital
Fund
£
1,333,194
10,375,253
-
-
-
-
10,136)
(10,136)
-
11,708,447		 Other
Restricted
Funds
£
-
-
86,305
-
-
430,164
1,622,865
(94,468)
-
2,044,866		 Total
Funds
£
2,221,347
10,375,253
2,301,305
362,269
234,480
1,267,479
2,156,546
(440,051)
-
18,478,628

As at 31 March 2024

Tangible fixed assets
Heritage assets
Mixed motive investments
Other investments
Stock and work in progress
Debtors
Cash
Current liabilities
Creditors more than one
year		 Designated
£
-
-
2,847,336
354,577
-
320,991
845,644
(35,992)
-
4,332,556		 General
Fund
£
1,063,402
-
-
-
227,830
584,350
13,617
(308,202)
-
1,580,997		 Nature
Reserve
Capital
Fund
£
1,381,631
9,733,253
-
-
-
-
-
-
-
11,114,884		 Other
Restricted
Funds
£
-
-
86,305
-
-
936,306
762,956
(205,301)
-
1,580,266		 Total
Funds
£
2,445,033
9,733,253
2,933,641
354,577
227,830
1,841,647
1,622,217
(549,495)
18,608,703

24) Contingent liabilities

At the balance sheet date, the Trust Council were not aware of any material contingent liabilities (2024: £nil).

25) Contingent assets

At the balance sheet date the Trust Council were not aware of any material contingent assets. The charity has an outstanding balance of £32,000 (2024: £305,473) in outstanding legacies.

26) Subsidiary company – Wiltshire Environmental Enterprises Ltd

The charity has a wholly owned trading subsidiary, Wiltshire Environmental Enterprises Ltd, company number 01674944, which is incorporated in the United Kingdom. The principal activity of Wiltshire Environmental Enterprises Limited was environmental consultancy work, no activity was undertaken in 2025. The company is able to gift aid its taxable profits to Wiltshire Wildlife Trust Limited.

Page 45 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Subsidiary company – Wiltshire Environmental Enterprises Ltd (continued)

A summary of the financial performance of the subsidiary is shown below:


Turnover
Cost of sales and administration expenses
Gross profit
Administrative expenses
Operating profit
Interest receivable
Amount gift aided to Wiltshire Wildlife Trust Limited
Loss on ordinary activities before taxation
Tax on loss on ordinary activities
Profit / (Loss) for the financial year
The aggregate of assets and liabilities were:
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves		 2025
£
-
-
-
(1,551)
(1,551)
271
-
(1,280)
-
(1,280)
19,149
(950)
19,149
18,199		 2024
£
-
-
-
(820)
(820)
236
-
(554)
-
(554)
20,205
(729)
19,479
19,479

27) Financial results of the charity

The gross income for the year of the charity alone is £5,870,334 (2024: £7,468,615) and the deficit for the year of the charity alone is (£129,443) (2024: £1,116,487 surplus).

28) Reconciliation of net income to net cash flow from operating activities

Net income for the year
Rents received from investment properties
Dividends and interest receivable
Interest payable
Depreciation of tangible fixed assets
Profit on disposal of tangible fixed assets
(Gains) / losses on investments
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities		 Group
2025
2024
£
£
(130,075)
1,115,928
(74,085)
(82,743)
(49,963)
(41,699)
375
1,962
158,173
147,685
109,121
-
419,645
32,989

(6,649)
(28,410)

574,168
(794,403)

(109,445)
259,045
891,265

610,354
 Charity
2025
2024
£
£
(128,340)
1,116,487
(74,085)
(82,743)
(48,770)
(41,463)
375
1,962
158,173
147,685
109,121
-
419,645
32,989
(6,649)
(28,410)
574,168
(794,377)
(111,091)
259,201
892,546

611,331		 Charity
2025
2024
£
£
(128,340)
1,116,487
(74,085)
(82,743)
(48,770)
(41,463)
375
1,962
158,173
147,685
109,121
-
419,645
32,989
(6,649)
(28,410)
574,168
(794,377)
(111,091)
259,201
892,546

611,331
611,331

Page 46 of 48

WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

29) Reconciliation of net cash flow to movement in net debt

Group
Debt due within one year
Debt due after one year
Total debt
Cash and cash equivalents
Total net funds
Charity
Debt due within one year
Debt due after one year
Total debt
Cash and cash equivalents
Total net funds		 2025
£
-
-
-
2,155,354
2,155,354
2025
£
-
-
-
2,137,127
2,137,127		 Cash
flows
£
-
-
-
533,137
533,137
Cash
flows
£
-
-
-
534,418
534,418		 2024
£
-
-
-
1,622,217
1,622,217
2024
£
-
-
-
1,602,709
1,602,709

30) Financial commitments

Contractual commitments for the acquisition of tangible fixed assets contracted for but not provided in the financial statements amounted to £nil (2024: £nil).

31) Related parties

The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Wiltshire Wildlife Trust is one of 11 members of South West Wildlife Fundraising Limited (SWWFL). James Ravine, who was Head of Fundraising and Communications until November 2024, was a director of SWWFL. Zoe Steadman-Milne who is our Fundraising and Supporter Relations Manager has since taken over as Director of SWWFL. During the year payments totalling £149,472 (2024: 123,437) were made to SWWFL in respect of commission payable on member recruitment

Trustee Julian Barlow, Chair of the Wiltshire Wildlife Community Energy Limited (WWCE) Board and Head of Business Development and Community Engagement, represents WWCE on the Community Fund Group alongside Jessica Thimbleby, Carbon Reduction Champion and secretary to the fund.

Income of £40,000 (2024: £40,000) was received from WWCE during the year. WWCE fund 50% of the costs of the Carbon Reduction Champion to undertake engagement and community activities associated with the caron reduction remit and rents the area for the Cleworth Community Solar.

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WILTSHIRE WILDLIFE TRUST LIMITED DETAILED CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

32) Financial instruments

The carrying amount of the charity’s financial instruments are as follows:

Group
Financial assets
Measured at fair value through net income:
- Fixed asset listed investments (note 14)
Debt instruments measured at amortised cost:
- Trade debtors (note 16)
Financial liabilities
Measured at amortised cost:
- Mortgages (notes 17 – 18)
- Trade creditors (note 17)
Financial Instruments continued
Charity
Financial assets
Measured at fair value through net income:
- Fixed asset listed investments (note 14)
Debt instruments measured at amortised cost:
- Trade debtors (note 16)
- Amounts owed by group undertakings (note 16)
Equity instruments measured at amortised cost less impairment:
- Fixed asset unlisted investments (note 14)
Financial liabilities
Measured at amortised cost:
- Mortgages (notes 17 - 18)
- Trade creditors (note 17)		 2025
£
362,269
614,478
-
85,460
2025
£
362,269
614,478
-
614,478
10,000
-
85,460
85,460		 2024
£
354,557
835,643
-
263,822
263,822
2024
£
354,577
835,643
-
835,643
10,000
-
263,822
263,822

33) Ultimate controlling party

The Trustees consider that the charity is jointly controlled by the Trustees and that there is no ultimate controlling party.

34) Funds held as agent

In line with the requirements of the Landfill Community Fund Tax Credit scheme – a Landfill Operator sometimes requires a third-party contribution of up to 10% of any grants made under the scheme.

The Charity held £26,934 (2024: £31,378) as agents relating to funds raised directly through appeals and major donors payable to a Landfill operator under the Landfill Communities Fund.

Furthermore, the Charity held £49,044 (2024: £36,349) on behalf of small local environmental organisations which has been excluded in the same way, for which movements are immaterial

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