Charfty Reglstratlon No. 300105 THE CHILD BEALE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
THE CHILD BEALE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees J. Bryce D. Carr M. Carvell J. Chity P. AIV(en (Appoinled 29 August 2025) Charlty number 300105 Auditor Rithardsons 30 Upper High Street Thame Oxfordshire OX9 3EZ Bankern HSBC plc 26 Broad Street Reading Berkshire RG128U Sollclto Field Seymour Parkes LLP 1 London St Reading Berkshire RG14PN Invostm•nt adv180rn Rathbones 8 Finsbury CIrS London EC2M 7AZ
THE CHILD BEALE TRUST CONTENTS Pagg Trustees, report Independent auditorfs report Stslwnanl of financial 8¢tivib"es Balance sheet Stslement of cash flows Notes to the finan¢t statem9nts 10-23
THE CHILD BEALE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 The trustses prgs¢nl their pOrt and financial sL2tements for th8 year ended 31 Oejober 2026. Th8 finanrAal slalemerts have been prepared in accordance wtth tho accounting poliues set out in note 1 of the finaneial ststements and complywilh the chartvs Trust Deed, the ChaTitie8 Act 2011. 8nd'Accounting 2nd Reporting by Charttigs.. Slalement of Recommended Practice applicable lo charities preparing their 8ccounts in accordance with the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (gffectlvo 1 January 20191.. Objective8 and acfjYiti•$ Th8 obj8ctiv8s ofthe Child 8eale Tnjsl remain the pslon and maintenanOfa publiG park, offering an educational fxility forthose int8r8Stad in wildlife and plants, while also serwng as a Tpational space for the general public. The th8rity owns land in Bgrkshir¢ and has developed Beale Vmldlife Park to fvlfil these objectives. The ttustee8 confirni that they have referred to the guidance contalned In the Charity Commisslon's general guidan¢e on pub51¢ benefft when reviewing the Tnjst's aims and objectives and in planning fvrture adiwlies and developments. The trusteès have paid due regard to this guidance in deciding the charity's activities. To achieve our charitable DbjectiV95. BealE Wildlife Part( serves as the core hub for rec¥ealion, a park for the people. conservation and educalion. The park features a diverse (xjllection of animals. engaging play area5, extensive gard$ns, walks, lakes. and woodland, providing a haven for both peoplè and wildlif8. Alongside this, our education 8rKI Conservation programmes continue lo expand, reaching new audiences and increasing engagement with nature and wildlifè_ Con$or¥ation and Anlmal Welfare The Child Beale Trust ntInueS lo play an active role in wildlifa Qonservation, both within the park and across tha wider 8stat8. Th8 trustees are partilarlY Proud ofthp foTTnal implpm¢ntathon of a Stngthened Conservation strategy during the y8ar. aligning our animal collection. estate management and educAtion wort( wiéh clearer cOnSeallOn outcomes. A signrfi<2nt conservation réstoration and biodiversity enhancement project, nded by Mond the Gap. wa$ agreed durlng the year and h8s now commanced. The initiative will improve habttats an¢J in¢reasg blodlverslty. Aniwnal Conservation and BedIng A8 8 licensed and atxredited member of BIAZ4 (British and Irish Zoo and Aquariutll Association), Beale Wldlrfe Pa upholds the highèst standards in animal welfare, conservation, and education. We continue lo house and support a range of specie5, some of which arg Targ seen in UK zoos. including Chacoan Mara, Guanaco, Rufous Vénted Laughing Thrush, and Tayra. Conservation Beyond the Zoo Bayond Ihe anima5 collection, the Tru51 is committed lo ¢onservalion initiatives across the wider estate, induding-. PartidpaJon In the Natlonal Domouse Monitoring Programme, with continued s$ in boosting Hazel Dormouse populatlOn5 within our estat¢. LonteTm partnership with the Nafjonal &'oscignc8 R¢sear¢h Infrastructure for tracking insect migration patt8Tns, supporting climate (ange reseaith. Continued management of 40 acres of arable land under thg Countyside Stewardship scheme to provide year-round support forwild birds and pollinatOT3. Prgd8tor Control supporting Water Vole recovery. These initiatives reinforce our commitment to proteclSn9 tolh native and global biodiversity through dI¢t action, education, and advocacy.
THE CHILD BEALE TRUST TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Education and Acc5 Education rernains a cornerstone of the Trust's Charitable mission. with a focug school wsits, hands-on leainlng experiences, and public engagement. This year. we have seen strong attondan¢8 in our educational wogramtnes. which include.. Key 8tage workshops ar¥J school ¥i511s tailored to the national curriculum. Daily keeper talk6 and interactive animal experiences, offering deeper insight into conseNation challenges. Expanded partnerships with schools arKI charities to provide educational visits to underserved communities. We are proud lo have increased 8¢¢es$ibility to our edu¢alional offerings, providing scholarships foT PupÈl Premium children lo attend our Zoo Club progfamm8s and welcoming groups from charities such as M8ke 8 Wish, Musl8rd Tree. and Young Carers lo experience th8 park fre& of charg8. This year has also seen the ntInUed Su¢$$ of our Education C¢ntr$, which offers both induor and outdoor classroom spaces, alltrwing us to ho81 large group8 and deliver a er range of formal and infornial learnirwJ experiences. Visitor Engagement and Perlormance Vlsitor numbers during the year were lower than the previous period, reffecting wider economic pressures and increased oJmpelilion across the zoo and visitor attraction sector. The Trustees deliberately Pfioritised financial sustainability over volume growth, recognising that long-lerm roslli&ncg requires appropriate pricing and disaplined cost management. Looking ahead. the strategic focus for 2025126 is to.. Maintain visitor numbers In a Compelhwg and prfce-sensltwe dimats InerÈ3se p8rceived value through Iow-COSt enhaneeménts Improve interFKelation, talks, and seasonal programming Strengthen charitable impact through measurable oul¢om88 Maintsin operational efficierw and financial discipline The Trusteos believethis balan¢¢d, sustainable approach is essential lo securins the Charity's tre while remaining trug to its public benefit objectives. Flnanclal revlew The year ended 31 October 2025 was fin8n¢ially resilient despite sect¢Y-wide visitor decline. Total income increased 10 £2,645,695 12024.. £2,446,9)21. Charitable expenditure reduced to £1.849,774 12024.. £1.918.727) reflecting enhanced visitor engagement as well as cost control rneasures and operational efficiencies implemented during the year. The Trustees, financial aim is to ensure that the ¢harity maintsins strong financial tyjnlrols while reinvesting in the Par$ develr)pment. Income from admissions. membershSps, and café sales Continues lo be the prfmary source of Venue. Rental income from properties and commercial leases provides addition81 financial 8tsbility. Ongoing cost ttjntrols and efficiency improvemènts havè supported SLJStain8ble growth. The Trustees remain committed to mainlaining a healthy serveS policy, ensuring that the tharity (3n meBt operation81 needs and invest in fijlure improvements. Funds are managed in ac¢ordan¢e with the Trust's investment polw, balancing liquidity, risk m8nagémenl. and k)ng-lerm $ustain8ble growu).
THE CHILD BEALE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Rlsk Manag•m•nt The Truslees have a comprehensive risk management strategy, includin9'. Detailed risk registers regulaly reviewed and upd8ted. Emergency response and contingency plans lo mitigate operational risks. A strong foCS on Health & Safety. ensuring the well-belng of both visitors and staff. The financial stability of tho Trust remains a key focus, with ongoing monitoring of market conditions and operational sts to erUre resilience against extemal eu)nomlc pressures. Plans for Future Porfod> Looking ahead, the Trustses aTe Lx)mmitted lo tinUIng investment in the p*k's fa¢iliiies, animal habitsts. and silor experien, in alignment with our ch8ri18ble objectives. Plans for the Comlng year Sndu(le'. Irnprovernel lu animal Bxhibils and wsrtor engagement. induding walk through endosur8s. improved habitats for animal welfare and immersive experiences for visitors. Continued d8V8lopment of con5eryalion initiatives, with a focus on increasing biodiversity and expandSng partn8rship$. Ongoing infrastructure projects. ensuring that Be810 Wldlife Park MaInS a high-quality dèslinatlon lor educatlon, consoNation, and recreation. Stru¢ture¥ g¢Vornan¢g and management The charity is constituted as Trustee5 and ts goveming document 1$ S TThrst Deed. dated 14th ALVJUSt 1956. The trustees who sewved dursng the year antj up to the date of Signature of the financaal statements w8r8.' D. Maloney (Resigned 31 Decemb8r 2Q241 M. Carvell D. Carr J. Bryce J. Chity {Resigned 19 February 20261 S. Handy {Resigned 30 May 20251 P. Hide (Appointed 23 June 2025 and Re8igned 03 December 20251 P. Altken (Appointed 29 August 2025) Ttustses are selected and invited lo join tho Board of Trustees by exlstlng TnJslg9s and the apintment of Twslees is vested with the Trustees. The board of Trusteos, which indudes all Trustees, administers Ihe charity. The board rnoels on a regular basis, * least four times a year. The CEO has the responsibility of managing the day to day operation of the charity. To fa¢ililatg effective operations, the Trustee8 delegate authtwity for operational matters. induding finance and ernploymenl to the CEO. New Tnjstees undergo orientation to brief them on th8ir18gal obligations UreT tharity arKI COFllP8ny law, the content oflhe Trust Deed, the commiitee and decision-making proe£ssès, the business plan and recentffinancial perfoThnance of the d)arity. Trustees ara ency)uraged to attend appropriats exlgmal training events where these will faalitate the undert8king of their role.
THE CHILD BEALE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Statement ol trust••s' re5ponslbllltles The Iruslees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United lQngdom Accounting Standards (United lQngdom Generally Accepted Accounting Practicè). The law applicable lo charities in England and Wales qUireS the trustees to pare financial stslements for each financial year which giv8 a true and fair view of th8 slate of affairs of the charfty and of the irKoming resources and application of resourc8s ol the charity for ihat y8ar. In preparing these finanaal stalernenls, the trustees are required lo- select suitable accounting poliaes and then appty them consisterfy- observe the methods and principles In the Charilios SORP- mak& judgements and eth"males that are reasonablo and prudent., state whether applicable accounting standards have been followed. subjeca to any rnalerial departures disclosed and explained in the financial statements., and prepare the finanaal statements on the going concem basis LJnl8ss it is inappropriate to presum8 that the d)arty will eA)ntinue in operation. The trustees are responsible for keeping SLthaent accounting records that disclose with reasonable alraCY at any lime the financial position of the charity and enable them to ensure that the financial ststemenls ¢omply with the Charities Act 2011, th8 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. ThBy are also responsible for saf&guarding the assets of the charity hence for taking reasonable steps for the preventitsn and detection of fraud and other irregularili8s. Dlsclosure of InfomiatEon to audltor E3¢h of the Iruglees has Confimied that there 1$ no inftsm8tion of which they a 8ware which is relevant to the au11. bul ofwhich the auditor 18 unawaie. They have furtherconfimed that they have taken appropriate steps to ident such relevant infomiation and lo establish that the auditor is aware of such infomiation. ruslees, report was approved by the Board of Trustees. arr TruslBe
THE CHILD BEALE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CHILD BEALE TRUST Oplnlon We have audited Ihe financial slalemonts ofThe Child Beale Trust {the'carrty'l forthe year ènded 31 October 2025 which cornprise the ststem8nl of financi81 a¢tNilie8, the balance sheet, the statement of cash Jlows and the notes to the finanal stslements, induding a summary of signrficant accounting policies. The financ4aS reporting framework that has been applied in their preparation is applicable law and United ngdoM AtLIn11ng Standards, induding FRS 1 U2 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Gen¢rally Accepted Accounting Pr8clic). In our opinion. the financAal statements.. give a true and fair view of the slate ofthe chaTity's affairs 8$ at 31 October 2025 and of hs Incomlng resources and application of resources, for the year then ended. have been properly prepared in aCcrdanCe with Unit&J ngdtsM Generally A(tepteiJ Accounn9 Practi¢e,' and have been prepared in ao*rdance with the quIrements of the Charflles ArA 2011. 8aslg for oplnlon We ¢ondu¢led our audrt in acc¢rd8n¢e with International Standards on Auditing {UK) (ISAS IUKII and applicable law. Our responsibilities under those standards are further describFd in the Audilo¢s r¢spOnsibile$ for the audit of the financial statements section of our report. We are independent of the charity in accordan with the ethical requirfrmenls thal are relevant to our audit of the finanal statements in thè UK. including the FRC'S Ethical Standard. and we havp fvlfilled cwr olh$r ethi11 ro$ponsiisiif(ios in accordan with these requirements. We believe that thÈ audit emdence we have obtained is Suffiaenl 8nd appropriate to pff)vide a basis for our opinion. Concluslons relating to going ¢¢n¢•m In auditing the ffinancial stalements, W8 hav8 concluded Ihatthe trustees, use of the going confxm ba818 of accounting In the preparation of the financial sla19mgnts is appropriate. Based on the work we have perfomtrrl, we have not identified any material uncertainties rel1ng to events or conditions that, individualty or colleclwely, may cast signrficant doubl on Ihe charitys abilty to continu8 as a going concern for a period of at leasl fv1ve rnonlhs from when the financial st8lements a 8hOris8d for issu8. Our responslbilities and the rèsponsibi1it18s of the tWStees with respect to going concem are describod in tho relevant sections of this report. Othèr Infomiatton The other information comprises the infomation induded in the annual report otherthan the financial stal8ments and our auditor's report thareon. The trustees are responslble for the other information. Our opinion on the finantsal ststemenls does not cover the other information and we do not express any form of assurance 0)ndusion thereon. In connèctSon th our audit of the financial statements, our responsibility is lo read the other inform8b.on and, in doing so, consider whether Iho Other information is materially inconsistent with the financial statements or our knowledge obtsined in the audit or otharwiso appears to be materially misstated. If we identify such material inconsienUeS or apparent fflalerial misstatements. we a required to determine whathar th8r8 is a rnaterial misstatement in the finanaal statements or a material misstatement of thé othw infomiation. If, bas8d on the work we have perforned, we condude that there is 8 material misstat8ment of this other information, we are required lo report Ihat fact. We have nothing to report in this regard. Matters on whi¢h we aro requlred to rèport by WACePtion We have nothing to report in resppd ofthe following matters in relation to which the Charities (Accounts and Reports) Regulations 2C4)8 require u8 to rewjrt lo you rf, in our opinion.. the infomialion given in the finanaal statements is inconsistent in any Tnaterial Spect th the Iruslees, report," or sufficient accounling rets)rds have not been kept,. or the finanaal stat8m8nts ar8 not in a9reemenl with the acojunling records,. OT we have not receivgd all the iifomialion and explanations we Tequire for our audit.
THE CHILD BEALE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CHILD BEALE TRUST ResponBlblllde8 of trustees As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation of the financial statements and lor being satisfied thBt they give a true and fair view, and for such internal control as thè trustees determinè is necessary to Ènable the preparation of financial statements Ih8t A free from materi81 mi551atsmenl. whether due to fraud or error. In preparing Ihe finanaal statements, the trustees are responsible for assessing the charity's ability to Continue as a going concem, disdosing. as applicable, matters related to going conrn and using the going Corn basis of accounting unle88 th8 trustees eilher intend to cease oper81i¢)ns, or have no iealislic aKemative but to do so. Audltorfs respon51b51OS for the audlt of the flnanclal statemonts We have been appointed as auditor under section 144 of the Charities Act 2011 and report in 8¢¢ordan¢e wth the Act and relevant gulationS made or having effact thereunder. Our objectives are lo obtsin reasonable as8ur8nce aboul whether the financial statements as a whole are free from material misststement. whether due to fraud or error. and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance but is not a guarant88 that an audit aonduct8d in accordance with ISAS (UK) will always detèct 8 material miss18tement when it exists. MisstatèmÈnls en arisè from fraud or error and are COllEidered material if, individually or in the aggregate. they could reasonably be expected to inffluence the econownic decAsions of users taken on the basis of these financAal statements. A further description of our responsibilities for the audit of the financial statements is located on the FthiancAal Reporting Council's website at.. https'.Jlwww.frc.org.ukJauditOFsresponsibilities. This deriPtIOn fomis part of our auditrjrfs report. othor mattsrn Your attention is drawn lo the fact that the charity has prepared ffinancial statements in accordance with"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pr8paring their accounts in accordance wrfh the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021" las amended) in preference ID the Accounting and Reporting by ChaTitie5'. Statement of Recommended Practice issued on 1 ApTTI 2005 which is referred to in the extant regulations bul has now been withdrawn. This has been don8 in Order for the financial statemants to provid8 a tru8 and fair vi8w in accordanca with current Genèrally AccÈplÈd Accounng Pradice. Use of our report This report is made solely to the charity's truslees. as a body. in accordance wilh part 4 of the Charities {A(xounts and Rèports) Regulations 21XJ8. Our audit v4ork has bean undertaken so that wè might stalè to the eharity's trusteès those mattèrs wè are rèquired to stste to them in an auditors, rèport and for no othèr purpose. To thé fullest extent pemiitted by law, we do not acLepl or as5urne responsibility to anyone olherthan the charity and the charitls trustees as a body. for OUT audit work. for this report, or for the opinions we have fomied. Richardsons ChartErod Accountants statutory Audltor ..1.41Q412Q2fj.... 30 Upper High Street Thame Oxfordshire OX9 3EZ Rithardsons is e1ible for appointment as auditor of the charity by wrtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 20C6.
THE CHILD BEALE TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 Unr•stslct0d Rostrtcted fund• fund• 202S 2025 Totsl Unre8triet•d R•sffiet•d fund5 fun<ts 2024 2024 Total 2025 2024 In ome and endOrynents fr¢)m' Donations and legacies Charilabte activitlos Investments Olher incrmne Commertial trading 53,033 1,753,605 44,986 146,697 647,374 53,033 1.753,605 44,986 146,697 647.374 36.195 1,593,383 82,260 126.507 608,557 36.195 1.693.383 82,280 126.507 608,557 Total income 2,645,695 2,645,e95 2,446,902 2,446,902 Ex nditu Raising funds Commewal trading 181,298 532,947 181,298 532.947 150.296 498,166 150,296 498,166 Charitable actiwities Other Exwnditure 1,832,774 11,458 17.Lo 1,849.774 11,456 1.901,727 17,000 1,918.727 12 Total resources expended 2,558.475 17,OOJ 2,575,475 2.550,189 17.OCK) 2,567.189 Nel gainsl0oss881 on investments 13 186,672 186.672 217.918 217,916 Net loutgoln9)Ilncomlng our¢•s 273,892 (17,000) 256,892 114,629 {17.{) 97.629 N¢t mov¢ment In fund$ 273,892 {17.1)00) 256,892 114,629 117,OLN)} 97,629 Fund balances at 1 November 2024 8.149,198 34,0(K) 8.183,198 8,034,569 51,000 8,085,569 Fund balances #t 31 October 2025 8.423,090 17,000 8.440.090 8.149.198 34.000 B,183,198 The statement of financial at*iwti8s includes all gain5 and losses Tecognised in the year. All Inrne and expenditure d8rive from )nts"nUtng aebvitiès.
THE CHILD BEALE TRUST BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Group Parent Group Parent Fixell assots IntAngibl8 ass8ts Tangible assets Investment properties Investrnents 14 16 16 17 39,014 3,635,139 1,680,000 2,792.519 39,014 3.493,131 1,680,000 2,792,519 50,535 3,273,210 1,e80,000 3.297,713 50,535 3,109,769 1,680,000 3,297,713 8,148,672 8,004,664 8,301,458 8,138,017 Curront ats Stock5 Debtors Cash al bank and in hand 18 19 29,371 102,434 567.362 3,000 113,792 533.905 33,573 151,683 172.220 5,515 268,223 117.471 699.167 650.697 357,476 391.209 Cr¢ditorn: amounts falling du• within one year 20 1405,749) 1357,5831 {475.7361 1448,913) Not ¢urrent assets 293,418 293.114 {118,2601 157,704) Total ajsets less CUfTent Ilabllltle¥ 8,440,090 6.297,778 8,183,198 8.080,313 Income funds R¢slri¢ted funds nS ricted funds General nStricted funds Revaluation reserve Fund retained in non<haritable subsidiary 22 23 17,0 17,000 34,000 34,000 7,861,403 299,375 262,312 7,981,403 299.375 7,701,938 299.375 147,885 7,746,938 299,375 8.423.0 8,280,778 8.149.198 8,046.313 8.440.0 8,297.778 8,183,198 8.oeo,313 e finaniual $tstements were approve<l by the Trustees on ......................... en Trusteg D. Carr Trnsts•
THE CHILD BEALE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Group Parnnt Group Parent Notes Cash from op•rnting avItIeS Cash gener*ed from 27 operations 219,797 236,916 146,8461 181.752 Invosting avItIeS Purchase of intangible a88èt Purchase oftangible fixed assets Proceeds from disposal of inkangible fixed Purchase of other invgslmenls Proceeds from disSaI of other invastmenls {30,2431 1578.5571 6,473 1192.9551 129,366 {30,243) {555,2731 1561,5071 1557.3341 (123,5051 95,371 1123.5051 95,371 {192,955} 129,366 Transfer lo Cash and Qash equlval$nts Investment irKome reLxived 720.OC#J 44,986 720,000 44,986 82.280 69,724 Net cash gen•ratsd from investlng activiti'e$ 175,345 179.518 1583,656) (568,84¥ Net cash used in financing activities Net Increase In cash and ¢•$h 395.142 416,434 (630,502} (385.0931 Cash cash equalentS at be9lnnlng of year 172.220 117,471 802.722 502,564 Cash and cash equlvalents at end of yèar 567,362 533.905 172,220 117,471
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢oun¥ng poll¢los Charlty Infommtion The Child Beale Trust is constituted by Trustees as a body and its govoming document is its Trust Deed, dated 14th August 1956. 1.1 A¢¢ounUng c¢ventIOn The financial stalemont$ have b¢en prepared in accordan with the charity's Trust Oeed, dated 14th August 1956, the Charities Act2011 and"Accounling and Reporting by Charities.. Slalementof Recommended Practi applicable lo charities preparing their accoun15 in acu)rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191" Tre chatity is a Public Benefit Enb'ty as defined by FRS 102. The finanaal statements ha departed from the Charities (Ants and Reports) Regulations 2008 only to the extent requirad to provide a true and fair view. This departure has invdveil foNowing the St81ement of Recommended Practice foi charities applying FRS 102 rather than the version Of the Ststement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial stalemenls are ppared in sterfing, which is the functional currency of the charity. Monetary amounts in these finanual slal¢m¢nts are rounded lo the nearest £. The financial slalements have been prepared under the histori¢%1 cost convention, modtfied to incjudp the revaluation of freehold propertie5 and to indude investrnenl properties and cortain finantial instruments at fail value. The principal accounting poliaes adopted are set out below. 1.2 Golng concern Al the time of approving the financial statements, the trustees have a reasonable expectation that the charity ha5 adequate Tesources lo Continue in operational exislen¢e for the foreseeable future. Thus the Iwslees continue to adopt the going ¢on¢em basis of 8¢¢ounling in preparing the fjnanaal statements. 1.3 Charltable funds Unrestricted general funds are funds which can be used in accordance wth the chaiitable objects al the disuetion of the Trustees. Designated funds are funds sgt aside by Ihe Trustees out of unrestricted general fvnds for specific future purpuses or proJo¢ts. Rgslri¢tod fvnds ai6 funds that Can only be used foi parti¢ula¥ restried purposes within the objects of the Charity. Restrictions arise when spe(Yfied by the 0Or or when funds are raised for particular re8tTiCted purposes. 1.4 Income Income is recognised when the charity is legany entitled to il after any perfomiance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on reipl. (Xher donations are recognised once the charity has been noltfied of th¥ donation, unless perfomiance nditionS require deferral of the amount. During the y88r ended 3181 October 2018 thè charhy recelved a gift of a signffi¢anl wllecllon of model boats from the E5ts1e of the IoTmer Chair of Trustees, Richard Howard. An accurate valuation was not pussible bul rt is believed they may in loial be worth £240,000. The charity will dispose of these boats over a long period of lim¢, lo obtain the best value in the market. The Trustees detemiined that the proceeds from sale will be recognised as thgy aii8e and are ¥hown as gtfts Mlhin Voluntary IntJ)me. 10
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢ounting Icontinuod) Legac4es are recognised on receipt or otheTWi8e if the chartty has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is tre81ed as a contingent assat. Grants ar¢ wognised at thme of receipt. Grants received in respect of capital developments are Set against thè relevant capttal exp8ndtture. No provislon has been made for possible clawbadc of any grant. Wildlrfe Path admISon$ income and other Park activity income are recognised in the perloij in whlch the ¢harity is titl8d io r8C8iPt and is d8ferr8d where it relates lo fvture events tsking place or elltie5 enty to the Park in futuro periods. Inme invÉstm8nts is r8cognised on a r8c8ivable basis. 1.5 Exp•nditur¢ Liabilities are recD9nwd as expgndituie as soon as there is alggal or¢onslru¢iive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in sethement and the amount of the obligation can be rneasured reliably. Expenditure is accounted for on an acuu8ls basis and has b88n ¢lassified under headings that aggregate all cost related to the category. Where $ts cannot be direct attributed tl) particular headings they have been allocated to activities on a basis consistent with the use of resources. Costs of 1819 funds 8¥8 those costs incurred in attracting voluntary income, and publicAty or infomaton sts involved in raising the profile of the chaTtty. They indude the Costs of Mmeral trading from the gift shop and restaurant run by the subsidiary c4Jmpany. Charitable actimties indude expenditure assoaaied with the operation of the Wlldllfe Park and Estate a1 Include both the direct costs and supwrt costs relating to these activities. Govèmaneè costs include those incurred in tha govamanca of the charity and its as8ets and are primarily associated constitutional and statutory requirgments. Support costs ide central functions and have been alltscaled lo actmty cost catag0ri8s on a basis eonsist8nt th the use of resourceg. e.g., allocating propety costs by lloor areas or per Capita. staff costs by the time spent and other costs by their usagè. 1.6 Intangibl• fixèd asséts oth8r than goodwill Intangible assets acquired separately from a business are recognised at cost and ar8 Subsequèntly mèasurèd at cost less acLumulal&d amortisation and accumulated imp8Sment losses. Intangibl8 asséts acquired on busin8ss combinalions are recognised separately from goodwill at the acquisition d8le where it is probable that the 8xpect8d fuluTO aconomic benefits that are attributable lo the a88et will flow to the entity and the fair v8lug uf the a&t w bo m¢asur¢d reliably.. the intangible asset arises from contractual or other legal rights- and tho intsngiblo asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual valu88 over théir ustsfvl lives on the following bases.. Strategy Masterplan Website 10% Reducing Balance 330A Reduang Balance
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 AGGountSng pollcleg {Contlnu9d) 1.7 Tangiblo fix•d •$9ots Tangible fixed assets ale initially measured al cost and subsequently measured at cost or valuation, net of depreciation and any irnpairmenl losses. Depreoation is recognised $0 as to wrtte off the cx)st or valuation of 8ssets less their cesidu81 values over treir useful Iwes on the following bases". Fr88hold land and buildings Plant and equipmpnl Park Equipment and Faciltties Motor vehicles Statues and Works of Art Computers _ R8ducing Balance 25QA- Reducing Balan¢& 100A_ Reducing Balance 25%- Reducing Balanc8 5% - R8ducing Balanc8 330A. Fleducing Balance The gain ttr loss arising on thè disposal ofan assèt is determined as thè difference bètweèn the sale pn)cèÈds and the carrying value of the asset and 15 recognised in nel incomel(expenditurel foT the year. 1.8 Invesknent property Property, 8xcluding that occupied by staff, that becomes tenanted is required to be treated as an investmenl ass8L Th6 value shown in thè ffinan¢ial stat6m¢nts represents tilher lal a valuation as provlded by tho Trust8¢S gn a rgnlal basis lo detoming markot value or (bl an open mathol value as provided by agonls wher0 thg property is capable of separate disposal. Where property is placed on the market forsake the valuation is based on the agents best estimate of the sale value subject to a dedUctIL for prudence where the sale has not yet taken place 1.9 Flxed asset In¥thents Quoted Investments are staled al marftel value which is based upon the Closing middle market price al the a¢counts date as advised by the fund managers and investment a¢Yvi$ers. Diwdends and intertsst are included when receivable. Realised gains and losses on disposal of inveslrnènts are Tecognised in the Slaternent of Financial ACti1t1es when the sale has completed. Unrealised gains and Ioss8s on revaluation at each year end are shown in the Statement of Financial Actimties and addèd to investm8nl valuation in th8 Balance Sh8et. 1.10 Impalrnient of flxed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets lo determine whether there 15 any indication that those assèts hav& siffi8r6d an impairment loss. If any such indication Bxists, thfr recovetable amount Df the a58et is estimatsd in ordprto dotorming the extent of the impairtnenl loss (if arryl. 1.11 Stocks Sto¢ks ar¢ state¢J at the lower of Cost and estimated sellirg price Ipss costs to wnplete and sell. Cost Gomprises dit¢¢t materials and. where applicable, (Jirect labour ¢osls and those overheads that have been incurred in bringing the stod(s to their presgnl lo¢alion and wndtb"on. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. N¢t rsalisablF valu¥ is Ihg os1imat¢d selling prKe less all ¢slimale<l $ts of coMpletn and ¢osts lo k incurred in mart(eling, 8elling and distribution. 1.1Z Gash and cash oquival•nts Cash 8nd cash equiv8lenls include cash in hand, deposits held at C81 with banks, other short-term liquid InveslmÈnts with original maturfliès of three months or less, an(1 bank ovèr(Irafts. Bank overdrafts are shown wlthln borTowings in current liabilities. 12-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng pollcle8 IContinu•dl t.13 Flnan¢lal Instruments The d)arty ha$ elected to appjy the provisions of Sedion 11 'Basic Financial Instmments, and Seclon 12'0thgr Financial Instruments Issues, of FRS 102 to all of its financial instrumants. FinancAal instruments are reojgnised in the chaiiws balance sheet when the charity becornes party to the ntractLual provisions of the instrument. FlnAnry81 assets and liabilitiès are offsat, with tha net amounts presented in the finanaal statsmenls, when there Is a legally enforceablg right to sel off tho recognisod amounts and there is an intention lo see on a net basis or to realis8 the asset and settle the liability 5imultsneousty. Basic financial Iots Basic financial assets, which include debtors and cash and bank b8lances, are initialty measured at transactton Pri including transaction costs and are subsequently ¢8rried at 8mortised cost Ljsing lh8 8ff8ctive interest method unless the arrangement constitutes a finanang transaction, vthere the tr8ns8¢tion is measured at the presentvalue of the future receipts discounted at a market rate of inter8St. Financ4al assets dassified as receivable within ono year are not amortised. Baslc financial liabilities Basic financial liabilities, induding uedilots and bank loans are initialty re¢ognised at transaction price unless th arrangement constitutes a financing transaction, wherethe debt Instrument is mèasured at th8 prosent valu8 of the future payments discounted at a market rate of intsrest. Financial liabilities dassified as payab19 within on¢ year a not amortised. Debt instruments ars subsequently Garried at amortised cost. using the effecttvè interest rate method, Trade creditors are obligatlOllS to pay for goods or $9M¢¢s that have been acquired in the ordinary course of operations frorn suppliers. Amounts payable are classified 8s Crn1 liabilities rf payment is due within one year or less. If not, they are presented as non-current liabile8. Trade creditors are recognised initially at transaction prEC8 and subsequently measured at amortised cost using the effective interest rnethod. Derecognition of fin4n¢i•l li•bilitie8 Financial liabilitie8 are deTe¢ognised when the charity's conlrual obligations eypire or are discharged or ancelled. 1.14 Employ•• b•neffts The cost of any unused holday enlillemenl is recognis8d in th8 Period in which the ernployee's services are received. Teminalion beneffits are recognised immediately as an expense when the ch8rity is damonstrably Committed to terminate th8 employment of 3n employee or to prowde termination beneffts. 1.1S Retlr•ment bon•fits Paymgnts to defined Contri110n retirement benefit sthemes are charged as an expèns8 as thèy fall du8. Judgèments and key sources of estimation uncertainty In the application ofthe charitys accounting polii?es, tha trust are required to make judgements, eslimales and assumptions about the carrying amount of a$sels 8nd liabilities that are not raadily apparant from other sources. The estimates and assoaaled assumptions are based On hlslorfcal experfence and olhgr fa¢tors that are considered to b8 relévant. Actual rosuks may differ from these eslimales. The estimates and undgrlying assumptions arg r9viewed on an ongoing basis. Remsions to a¢xounting estimates are recognised in the period in which the estimate is revised where the revision affects only th period, or in the period of the revision and fulure peiiods where the reM8itin affects l)oth current and fijture pemds. 13
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 310CTOBER 2025 Incomp from donations and lèga¢ia$ UnrgStrf¢tod Un¥gstri¢tod fund$ fund$ 2025 2024 Donations and gifts Grants r¢ceivable 19,007 34.026 14,195 22,10 53,033 36.195 Grants receivable for coro activities Other 34,026 22,OOC) 34.026 22,OOD Income from charltable activities 2025 2024 Wldlrfe Parf( ailmissions In¢ome from other park 8¢b"vities 1,635.438 118,167 t,503,836 89,547 1,753,605 1,593,383 Investments Unre5trlcted Unrestrlcted fund$ fund$ 2025 2024 Investment incom8 44,986 82,260 l4-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Other incom• Unrestricted Unr¢$trl¢tod fund$ fund 2025 2024 Rents re(*ivable 146.697 126,507 146,697 126.507 Expenditure on ral¥lny fun Unrestrlcted Unrestri¢tsd funds funds 2025 2024 Fundralslng and publi¢lty Otherfundrdising costs Investment management 168.293 13.005 181,298 137,893 12,403 Expendlture on charitable activilies 2025 2024 Stsff costs Depreciation and impaimient Maintenance and upkeop of Pa Upkeep of birds and animals Credit card transaction costs 737,768 174,038 210,656 102,908 58,607 645,174 151.326 227.638 91.966 54.897 1,283,977 1,171,(K)1 Share of support costs (see note 91 Share ofgovernan¢e costs {see note 91 499,953 fj5,844 655.748 91,978 1,849,774 1.918,727 Analysls by fund Unrestricted funds R8Stricted funds 1,832,774 17,000 1.901,727 17,000 1,849,774 1,918,727 15
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Supportcosts Support Governance osts 2025 Support Governance costs costs 2024 Staff costs Ratss, water and insurancè Light, heal and powar Stationery and prinknng Telaphone and postage Travel and vehicle expenses Web Development Audit fees Legal and professional Sundry Expènses Tru51ee costs 307,102 73,077 80,807 6,091 10,669 13,453 8,754 307,102 73.077 80,807 6,091 10,669 13,453 8,7S4 14,900 36,957 12,331 1,656 337,112 83,984 197,087 7,226 9,906 7,080 13,343 337,112 83,984 197,087 7,236 9.906 7,080 13,343 14,350 52,473 23,7C13 1,452 14.900 36.957 12.331 1.656 14,350 52,473 23,703 1,452 499,953 65.844 585,797 655,748 91,978 747.726 Analysed between Charitable activities 499.953 65,644 565,797 655.748 91,978 747.726 Governae costs includes payrnenls lo the auditors of £14,9(M) {2024'. £14.350) for avdil fees. 10 Truste85 None of the trustees lor any persons connected wlth them) recefved any femuneratlon from the charity durfng thè year. No expenses were reimbursed to any Iruslee during the year to 31 October 2025 (2024.. £nil). Trustsgs meeting èxpènsès 8mounted to £nil12024.' £nill. 11 Employees The average monthly number ofemployeos during the year was= 2025 Numbor 2024 Number Shop Upkèèp atKI Animal W•lfaré Restaurant Part lime 19 21 24 23 Total 16-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Employment costs 2025 2014 Wages and salariés Social security costs Other pension Costs 955.647 895,540 66,872 19,874 22,268 1.tM4,870 982,286 The number of employees wh088 annual remuneration was £60,000 or morè wer8.. 2025 Number 2024 Numbgr £80.00110 £90.000 12 Ottwr Expondithre Unrostrict•d Unrestricted funds funds 2025 2024 Nat loss on disposal of tangible fixed assets 11,456 13 Not gaIn[lo$Se9) on Invesknents Unrestrleted Unr•strlct•d fvnd¥ fund$ 202S 2024 GaIn(loSses} arfsing on.. Revaluation of investments 186,672 217,916 17-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 14 Intsnglblè fixed assets Strategy Ma5t8rpfan Total CoBt At 1 Novemb8r 2024 and 31 October 2026 25,777 30,243 58.020 Dgpr8ciation and Impalrnient At 1 Noverllber 2024 AmortiS8tion charged in the year At 31 Oclober 2025 2,965 2,281 2.520 9.240 5.485 11,521 5,246 11.76Q Carying amount Al 31 October 2025 20,531 18,483 39,014 At 31 Oclober 2024 18
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 16 Inve8lment propeity- Group and Charlty 2025 Falr valu• Al 1 November 2024 and 31 October 2025 1,680.000 17 Fix•d 8ss•t Imi¢$tsn•nts- Group and Charfty L15ted TeTTn deposlts Invgslmgnts Totsl Cost or valuafjon Al 1 November 2024 Adjustment At 1 November 2024- restated IrrtetFst and diwdends Realised and unfealised gains #nd losses Investrnenl manager charges Bank chaiges other Transfer lo cash at bank 1,702,091 1,595,622 3,297,713 1.757,750 45,408 141,e63 113,005> (40) 1359> 1.539,963 41,159 3,297,713 86.567 141,683 (13,0051 {601 1359) 1720.0001 1201 1720,0(M)} At 31 October 2025 1,931.417 861.102 2.792.519 Carying amount Al 31 October 2025 1,931,417 861,102 2,792,519 At 31 October 2024 1.757,750 1,539.9S3 3,297,713 The Charity also holds 1 Ordinary £1 share in ils wholly owned trading sub8idiary company, Beale Park Trading Company Ltd. which is incorporated in the UK. 5ted Investrnents are a portFolio managed by a specialist Investment manager and Include capital and Intx)me cash balances al cost totalling £104,75012024.' £55,659). In 2024 portfolio cash balanS of £55,659 were included within Temi deposits and have been restated to in¢Ile within the portfolio. 18 Stocks 2025 Group Parènt 2024 Group Parènt Shop Stock Restaurant Stock Birds and Animal Maintenance Stock> Other 18.423 7.948 1.500 1,500 21.137 5,921 1,500 1,500 2,515 1.5C() 1.51)0 1,500 1,500 2,515 29.371 3.000 33,573 6,515 20-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 19 Debtors 2025 Payent 2024 Group Gr¢up Parent Amounts f8lllng duo wlthln on4 year: Trade debtor8 Amounts owed by subsidiary undertakings Other debtors Prepayments and accwed Income 28,799 28,799 12,975 2,276 69,742 6.057 6,057 121,123 35.408 105,635 3.893 69.742 35.408 110.218 102,434 113.792 151,683 268,223 20 Creditorj: amounts tslllng duo wlthln one y•ar 202S 2024 Group Paront Group Parent Not•s other laxalion and social Berity Deferred inrne Trade cTrditors Amounts dug lo subsidiary undertakings Other credrtofg Accruals 58,395 30.361 143,379 143,379 147,790 129,658 27,429 162.288 212,728 25,998 162,288 189,985 20 4,768 51.417 2,768 51.417 6,425 3,798 66.868 66,866 405,749 357.583 475.736 448.913 21 Deferred income 2025 2024 Group Paront Graup Parent Other deferred inwme 143,379 143,379 162.288 162.288 22 Re5tr1ctsd fund¥ The reslricled funds of thg d)arity MpriSe the unexpended balances of donations and grants held on tnjsl subject to specific conditions by donors as lo how they may be used. Bal4nc• at I Ro>ourc¢s Balanco at 1 November expended Novetrtb¢r 2023 R8sourcos 8alan¢g at ¢xpended 31 Octobor 2025 2024 51,000 117,(0) 34,000 117,000) 17,000 The restricted lunds relate to a lotsl donaJon of £170.(0 rec8iv8d from Thames Water for the purposes of an education projectwhich was completed in 2016 8nd is being deprnciatad ovar a t8n-year period. -21-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTSNUED) FOR THE YEAR ENDED 31 OCTOBER 2025 23 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances ol donations and grants which ara nol subject lo speofi¢ conditions by donors and granlors as lo how they tllay be used. These include designated funds which have been sel aside out of unroStri¢t8d funds by the trustees for specific purposes. B•Lan¢e at I Novernb8r 2024 In¢omlng sour8 Galns and Balance at L08888 31 October OXP8nd8d 202$ General unrestricted funds Revaluation reserve Fund retained in non-charrtable subsidiary 7,701,938 1.998.321 (2.025,528 299,375 147,885 647.374 1532,9471 8,149.198 2,645.695 P,558,475 186,672 7,861,403 299.375 262,312 186,672 8,423,090 Previou8 Year. Balance at I Novgrnber 2023 Incomlng r850urc8S Golns and alance at Los8os 31 O¢tob8r oxpond8d 2024 General unrestricted funds Revaluation reserve Fund ielained in non-charilable subsidiary 7.697.700 1,838,345 {2.052,023) 299,375 37.494 608,557 1498,168) 8,034,569 2,446,902 12,550,189) 217.916 7,701.938 299.375 147,885 217.Q16 8,149,198 24 Analysis of net assets l)etweon funds Unr8stslct•d Rwtrfctod fvhd$ funds Total Unrestrfctsd Restrlded funds nds 2025 2025 2025 2024 2024 2024 Fund balan¢•$ a reprosented by: Intangible fixed assets Tangibla assets Investment PfDpertie8 Investrnents Curr8nt assètsllliabilities} 39,014 3,618,139 1,680,000 2.792,519 293,418 39,014 17,000 3,635,139 1.680,000 2.792,519 293,418 50,535 3,239,210 1,680,000 3,297,713 1118,2601 50,535 34,000 3,273,210 1,680,000 3,297,713 {118,260} 8.423,090 17.000 8.440,090 8,149,198 34.1 8,183,198 25 Remuneratlon of key management personnol The remuneration of key management personnel is as folknws. 2025 2024 Group Group Parent Parnnt Key Management personnel 81.289 81,289 80,580 80.580 22-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 26 Related party transactions J L Bryce FaTm8 Limited The charity is connected to J L Fam)s Limited, an agriCura1 contracting and management company roveriThJ 5,000 acres on the Berkshire Hampshire border. J L Bryce F8rms Limited has b88n operating for The Child Beale Trust Since May 2018, where J L Bry. director of J L Bryc Fam)s Llmlted, became a Trustee of The Child Beale Trust on 15 September 2023. Lluring the year ended 31 October 2025 J L Bryt% Famis Limitad charged semces to The Child 8èale Trust relating to agricultural contracting, totalling £6,80912024: £10,642). Arrow Fencing The charity is connected to Arrow Fencing, 8 f8ncing, d8ckin9 and landscaping company. where a trustse's brother-in-law acls as a director. During the year Ènded 31 Octobar 2025 the Child Beale Trust invoiced Artow Fenang forworkshop rental servi, totalling £7,14012024'. £6,183). We5tcom Networks IUKI Limitsd Thtr charity is connected lo Westcom Networks IUKI Limited, an IT solutions compary. where a trustee's son-in- law acted as a dire¢Xor, up until 20 Novembèr 2024. During the year ÈndÈd 31 Octobèr 2025 Westcom Nthorks charged seTrices to Th8 Child Beale Trust relatir to IT consultancy seNlces, totalling £4,379 {2024.' £6,485). 27 Cash gon•ratsd from 0tIOnS 2025 2024 Group Group Par&nt Parnnt Surplus for thé year 256.892 217,465 97.629 32,238 Adjustments for.. Ir)veslment income rÉ(xJgnised in statement of financAal actiwties Gain08$ on disposal of langitme fixed assets Fair value gains and losses on investments Dapreciation and impairment Df tangible fixed assets (44,9861 {44,986) 182,260) (82,2601 11,456 11,456 {3,9621 1186,6721 1186.6721 (217,9161 {217,916} 199,842 174,037 179.156 151,326 Movements in worklng capltsl.. Dec¥ea$edl(In¢rease) in stock Ilncreaselldecrease in debtor5 Incieasglld¢x¢a$81 in ¢r¢ditors Increase in deferred Incomè 4,202 2,515 49,249 154,431 (51,07n (72,4211 (18,909) 118,909} 4,569 {59,) 240.213 37,713 60,261 12.1101 (2.110) Cash generated fromllab3orbod by) ¢pernttons 219,797 236,916 146.846} 181,752 28 Analysts of changes in net fund$ The charity had no dèbt durin9 the year. 23-