2024-03-31-accounts

Company Reglstration No.. 2132736 Charity Number: 519021 THE RADNORSHIRE WILDLIFE TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THE RADNORSHIRE WILDLIFE TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 31 MARCH 2024 CONTENTS Page Company Information Report of the Council Members 9-10 Report of the Auditors Statement of Flnan¢lal A¢livi11os 12 Balance Sheet 13 Statement of Cash Flows 14-26 Nolos lo the Flnanclal Sialemenls

THE RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 COUNCIL MEMBERS AND OFFICERS.. The Officers and Council of Management serving during the year were as follows.. Gafyn Blakeway Joss Garman Leigh H8rling-Bowen Edmund Hayward Sue Holden Chris Ledbury Jen Newman Bill Stow Richard Thomas AlSce Tile Rosle Wood (Appolnled February 20241 (Appointed February 20241 (Honorary Secretary) {Chair frorn July 20231 (Acllng Chalr to July 2023. Honorary Treasurer from October 2023) (Reslaned November 20231 (Honorary Treasurer lo October 20231 REGISTERED OFFICE., Warwlck House High Street Llandrindod Wells Powys LD16AG COMPANY REGISTRATION NUMBER.. 2132738 REGISTERED CHARITY NUMBER: 519021 AUDITORS,. Andrew Jones & Co Chartered Accounlanls & Sialutory Audlior The Old Surgery. Spa Road Llandrlndod Wells Powys LD16EY HONORARY LEGAL ADVI80R', D8vld T Lloyd H V Vaughan & Co Solicitors Manchester House, Hlgh Street Bulllh Wells Powys LD2 3AD BANKERS.. Barclays Bank plc Middleton Sireel Llandrindod Well$ Powys LD15DG INVESTMENT MANAGERS.. CCLA Investment Management Llmlted 80 Cheapslde London EC2V 60Z CHIEF EXECUTIVE OFFICER James Hitchcock

RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) The Council of Management presents its Report and Audited Financial Statements for the year ended 31 March 2024 which are also prepared lo meet the requirements for a Direelors, Report and Accounts for Companies Act purposes. The Financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting Charities.. Statement of recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151. LEGAL AND ADMINISTRATION Legal and adminislralion details are glven on pag8 I. STRUCTURE. GOVERNANCE AND MANAGEMENT Govèrnlng DoGument The Radnorshire Wlldlife Trusl Limited Ihereinafter called RWTI is a company limited by guarantee and not having a share capital and a registered charity governed by a Memorandum and Articles of Association. Each Council Member is also a member of the company and as such is Ik?ble, on the company being wound up, lo contribute such a sum as may be required not exceeding £1.00. Relatod Partlgs The Charity Is a member of th8 Wlldllfe Trusts Partnership Iregislered as the Royal Society of Wlldlife Truslg, regSslered charity number 2072381 which acts as an umbrella body carrying out lobbying and public relations on behalf of all Wildlife Trusts. Partners have thè use of the Wlldllfe Trusts logo and benefll from the resources, best pracllce, and speciality experience of other member Irusls. Mambership gives the charity a nalKJnal voice and profll8. as well as respeclabilily by as80clalion for those f8mS1iar wllh its work. However. ¢a¢h member of the partnership remains enllrely Independanl in terms of governance. The Charity Is also a member of the Wildlife Trijsls Wales IRegislered Charlty No 10451671. an organlsalSon for the five Welsh Wlldlife Trusts that fosters co-operative working amongst th8 Tru$ls and represents them al a nallonal level in Wales and the UK. However. each member Trust remalns entirely independent in 18rms ol governanc8. Coun¢ll of Management (Board of Tru8tee¥l The directors ol the company are also charity Iru$lo8s for th8 purpose8 of ¢harity law and under the company's Articles and throughout the Report are colle¢lively rgferred lo as Council Members. The Councll Members who served during the year and tjp to the dale of this Report are given on page 1. The affairs of the charity ar¢ managed by the Council of Management and by the ¢ommlllees and sub-commlttees to the exlenl that $uGh duties shall be delegatèd lo them by the Councll. The Council should C￿mprISe.. al The Officers of the Trust. The Offlcars shall conslsl of the Chalrman. Vice Ch8irman, Secretary and Treasurer. The officers are elected annually al the Annual Genoral Meellng and are aligible for re-election except for the Chalrman who will not bè eligible for re-election after the complellon of four years in office unless the nominallon thereof 1$ supported by not less than Ihree-quarters of the membors of Council. bl Chairmen of Commltteeg. Elected Members. Not more than ￿e1ve Members of the Trust or such other number 8s may be determined al th8 Annual General Meeting who shall be elected by the Members al the Annual General Meellng. d} Co-opted Members. Not more than six members lo be co-opted by the Council and for the term and purposes determined thereby. The number of co-opted members should never exceed half of the number of elected members. Organl8atlonal Structure The Council of Management meets every fft months and is responsible for the slraleglc dlreclion and policy of the charity. The day-lo-day responsibillty for the management of the charity is wllh the Chief Executive Officgr and staff. Details of present Council Members and M8n8gemenl arg given in the legal and adminislralion Informallon on page 1. Method of Recruitlng and Appolntlng of Council Members Every effort is made to ensure that those who are elected or appointed as Council Members have the skills and experlence appropriate to the needs and responsibilities requlred for management of Ihe charity. Inductlon and Tralning of Councll Memb6r$ InductDn packs are provided for new Council Members which indude Charity Commission guidance on beSng a Iruslee together with appropriate information lo convey Ihg objectives and activities of the charity. Council Members will be illvited lo attend appropriate training seminars, details of which will be clrculaled from time lo lime.

RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI Risk Review The Council Members have reviewed the Risk Register lo ensure major risks lo the Charlty are identified, and systems have been established lo mlllgale those risks. These procedures are periodically reviewed lo ensure they still meet the needs of the Charlty. Serious Incidents During the year ended 31 March 2024 no serious incident arose within the Charity that could signiflcanlly harm ils property, work, beneficiaries. or repulatson. OUR VISION RIM'S work and Influance is increaslng the abundance and dlversily of wildlife. Insplrlng people lo lake aCt￿n for nature and helping lo reduce the imp8cI of climate change. OUR GOALS Nature Is in recovery 2030 largel - 30./0 of land and water in Radnorshire is managed in a way that creates extensiv8 natural habltal8 for a wlde V8ri8ly of specles. We will.. Manage our nature reserves as exemplar siles and seek opportunities to expand them to connect and enhanc8 landscapes ft)r wildlife. Support and encourage other8 to manage Ihelr land for wlldlife and cllmale adaptation In a suslalnable way. Actlvely support, champlon, and dellver landscape-scale prolects io the benefli of sp8cles recovery. People in Radnorshire are doing all they can lo support and incr88se th8 wildlife around them and lo help r￿uc8 Ihe impact of Climate change 2030 largel- one In four people In Radnorshlre are taklng posillve acllon for nature. Wo wlll.. Make wildlife and wildlife-rich areas easily accessible for everyono in Radnorshire. Increase and diversify our membership, volunteers and suppgrters, and empower them lo act for nature. Identify, develop, and Support communlty and youth ambassadors to lead posits've change ft)r nature In Ih8lr communities. RWT18 al the forefront of efforts io combal cllmale change In Radnorshlre. We are adapllng lo Ils effects and showe281ng nalure-based solutions, lo the benefit of wildlife and people 2030 target- RWT Is 8 nel zero organlsallon and is leadlng the way In Idenlifylng and uslng nalure-bas8d solution$. We will= Reduce our own envlronmenlal and carbon foolprlnl. Use our land and Influence lo develop and demonslrale nalure-based solutions whi¢h deliver benefits to people and wlldllfe, Includlng carbon sink and biodlversity value. Share our work on envlronmental suslalnablllty, Includlng sust8lnable farmlng and land management. OUR VALUES Nature Is al the heart of what we do.. We have a deep understanding of Radnorshire'5 habitats, the wildlif8 which d&pends on them. 8nd whal they need lo survive and thrive in the future. We also have a good understanding of farmlng. forestry, and the economics of land management in both uplands and lowlands, as well as the need for a joined-up approach for nature'5 recovery. We are rooted in our communities.. We a￿ part of Radnorshire's communities. both rural and u￿an, and are inclusive in our approach. We lead by example.. We are vlbranl and energellc, focused on Impact. Our work is based on evldence. We are a caring organisatK>n'. We seek lo support and develop our staff. council members, volunteers, and members. PUBLIC BENEFIT REPORTING REQUIREMENT The trustees of RWT have complled wlth the duty in seclbn 4 of the Charllies Act 2006 to have due regard to the public benefit guidance published by the Commission. The following section of this report I'Achievemen15 and Performance'l gives a detailed account of the activities undertaken lo fulfil the Trust's objectives during the year 2023-24. The general benefits of protecting biodiversity and of an environment rich in wildlife are enjoyed by the whole population. In addition, RWT provides specific benefits that are available to everyone, regardless of whether they are a member of the Trust..

RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEM8ERS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI most of our nalLJre reserves are open to the publlc free of chargg every day all the year round., much ol our educational work is free of charge or al minimal cosl. and is offered lo all schools in Radnorshire. most of the field vlsils and ialks that we arrange are open to the public, and many of them are free of charge., we monitor planning applications, devglopment plans and related documents for their impact on wildlife habitats and place any concerns in the public domain, which includes allending wildlife enquiries,. we provide a free enquiry service on mallers concerning wildlife which is avallable lo all members of the public., Protecting and enhancing the ecosystem services which are critical for food production, farming, and life in general.. Provision of places and aclivilie¥ which improve people's health and wellbeing. Membership of open to everyone on payment of a modest annu81 subscrlplion, with a very large reduction for those on benefits. ACHIEVEMENTS AND PERFORMANCE Chalr's Report Thls period marked my first full year 89 Chalr of Radnorshire Wildlife Trust (R￿1. I have spent lime understanding the organisalion and the opportunits'es and challenges that present us here In Radnorshire. I would like lo starl by thanking my fellow Councll Members and the staff team for all their hard work, making RWT successful. And, I would like lo express my enormous gralllude to the many volunteers who have glven lim8 to the Trust over Ihe last year.. volunteers are crucial lo our work and I have been impressed by their passion. skllls 8nd tlme commitment We have achleved a great deal In the last ￿e1ve months. We repaid the loan for Wilder Pentwyn Farm and are now stsrtlng lo deliver the vision, with an enlhusia$lic and 8nergellc prolecl team in place. Thank you to 811 who have supported this project, Ihrough dOr￿li0n$. interest and Ihelr Ilme. The project has Gerlainly become more than ils 164 acre$, as we have built our work with landowners out into the Lugg valley and onlo Beacon Hill Common. There have b&en challenges, and there's more work lo do, bul we havè made a great start wllh the Snilial sile set.up. Il's 8 long term project, 1¢ prove that we can lam suslainobly in a nature frlendly way. We budgeted for a defl¢il on Unreslrlcled Funds for the year bul the actual Nel Expendllure was substantially lower. While a deflcll on Unrestrlcled Funds Is not suslainable in th8 long-lerm. we do have a reserves lo allow us 8 period of capaclty- buildSng. Investment in new posts, such 89 our now full-lime Office Manager, and a shared Head of Finance wllh Gwenl Wildllfa Trust, 19 one way in whlch tho Board wlshes lo strengthen the charlty. As a small Trust wllh a big remit and an ambillous strategy, born frorn a need lo do more for wildlife, we are keen to Identify as many efficlencies in our worklng 8S possible and aro ready for creative ways lo Increase our Smpacl. Acros$ Wales we are In discussion5 Wlth the other Trust$ about areas of our work which &in be allgned and slreamllned, supporting more effaclively our unSque, locally tsilored dellvery for nature and community. We are still on the search for a new Treasurer. Bill Slow has stepped In lo the role short-lerm, for which we are very grateful. Please do gel in touch if you are interested in the position. This year saw us welcome new Irusle8s. We're delighted lo welcome Lelgh Harllng-8owen and Joss Garman lo the fold. Both know the Trust well and have long been supporters. Leigh has a background in environmental managemenl and is Involved in the Dark Skleg initiatives in Radnorshire. Joss works in envlronmenlal philanthropy, working across Europe, wllh a background In polScy and campaigns. Both brlng invaluable skllls and knowledge to Ouf governance. With a sulle of projects stsrling and endlng, amidst a buoyant employment market, and competitive recrullmenl, wo have b8en focussed on long term planning. looking al how we can continue lo brlng In projèct income and Increase our unreslrlcled revenue streams lo support tha work on our reseNes, and more ou￿ardsy, lo ensure we have a consi$lenl presence in ommunilies. supporting landowners and in servi¢ing our supporters. We conlinue lo draw on a strong UK federation. of 46 Trusts, for advice and inspiration. We continue lo engage In the discussion, debate and calls lo action for a cleaner, healthier Wye, an Issue that still domlnales conversallons al events and with supporters. It is a posillve slep forward lo hav8 a focus and some staff resource for rlver work, Away from rivers we've seen onshore renewablg devèlopment dominate debate and rightly so. Large Scale dovglopments. whlch feel disproporllonale to the local and even regional needs, in our beautiful arKi special landscapes. are always going lo be unwelcome. There is a growing oppositlon and we will continue lo work lo ensurg that nature Is properly considered in any developments. wlthln the conslralnts of our resourGes as 8 small TfUSI. I would Ilke lo end with heartfelt thanks to all our Members and supporters, who have glven donations and left legacies, and who have given lime and knowledge. Their passion and commitment, for wildllfe in Radnorshire, continues to inspire us. Sue Holdon Chair

RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI Chlef ExgcutlVO'5 Report 2023 saw us bring in new funding for projects and programmes focussed on rlvers, land use and farmlng support. A successful year that saw a substantial nel income allowing us to invest in new staff posts. We remain in Warwick House, with an offer made, bul then falling through. We are ready lo move bul haven't yel received the final lease on Automobile Palace, being told il was ready in March 24, il is still in hiatus al the lime of writing June 24. Finance Manager. Christine Sampson, retired in the 3rd quarter. Chrissy joined us in 2021 as the firsl paid finance manager, developing systems and helping navigate us through growth and will be missed. We now share a Head of Finance with Gwenl Wildlife Trust, securing us a strategic resource and helplng us learn and allgn across the federallon. Finance admln is processed by PJE Accounts, who are based in Lampeler. bringing additional knO￿edge and insight into financial management and modern accounling systems. We managed 10 8xceed our fundralslng largel for the Pentvryn,Farm Appeal raSslng £1,425,414 by 31 March 2024 allowSng us to pay off the loans and retain funds for habitat creation and improvements lo the slle inlraslruclure. Works which are now well underway. Thank you lo all who donated, And Ihank you lo the philanthropic lenders, for the initial loan, and tho support, contscts and encouragement for this project. We'd 8180 liko lo thank th¢ 1ondor$ who rolurned tha few months inl&resl payments which we incurred. This meant a lol to the team. Membershlp has plateaued, bul remalns well over 1200. whi¢h is very ptssilivo. Welcome lo all naw members who may be reading this reporl for the first lime, your support is Invaluable lo us. The unreslricled Income your membership provides, makes planning and funding core functions such as governance. 8dmln. and finance easler, wilhoul thi5 we could not function as a professlonal organlsallon. Our members are also valuable members of the communlty, who can support and champion nature in daily life, supporting ¢limalo action, and our work wllh ¢ommunllle$. The larger our membership, the bigger our voice. We saw our flrsl Corporate members, Wlnncare, loln the Trust. A B-corp ¢ompany. that have grown out of Manga Healthcare. founded by R￿,$ former President and Trustee, David Garman. We were also delighted lo welcome PJE accounts as corporate membars In 8ulumn. 8uilding a business community is an important part of reaching new people. contributing lo our slraleglc alm of getting 1 in 4 people lo take aelion for nature. We a150 plan for corporate memberships to becnme an Important source of Incom8 and mutually beneflcial relationships. Delays to the Sustalnable Farming Scheme and a lack of detail on payments to 8UPPOrt publlc beneftis and the creation of more space for nature In Wales is a real challenge for R WT, and our partners and stakeholders who own land. Uncèrtainty makes il hard for farmers lo plan and lo commll lo new forms of management. We pul Ilme and energy Into responding lo consullallons and increased our efforts to secure external fLindlng from grant foundalSons and donallons lo ensure we can sllll carry out progresslve management across our estate and In support of landowners wllhln our key project 8re8S. Naluro Rèsarves The new leam are galnSng momentum now. We were pleased to be awarded Nature Ne￿rk Round 3 fundlng for Gllfach, lo remove the last ¢onifers from sile, create scrapes alongside the Marleg and carry out green hay spreading to enhance the florislic diverslty on site. We'll also build inlraslruclure lo support th8 grazing of th8 open hi118 by ponies and callle, bringing bracken back under control and creating space for tree and scrub regeneration. After some hard work relnslallng the boardwalk and securing the axl8rnal fencing at Burfa Bog, grazing has been reintroduced lo sile, The first lime in many years and vital for the survlval of the diverse flora on sile. Our amazlng volunteers continue lo work hard across the whole County, wllh our weekly Tuesday Volunteer Group ITVGI regularly reaching numbers of 18 and more. Thank you to 811 who work so hard for wildlife and our wonderful nature resetves. After 3 years of being beaten by the weather we managed lo create sluices in the ditches on Mynydd Ffoesidoes to aid the welling of important peal deposlls on sile. Following a successfijl fijndraising appeal for the Gilfach visllor centre we have begun the process of securing permissions. deslgns and quotes for improvements to the heallng. insulation and layout of the bijilding. Thank you lo all who supported Ihls appeal. Bring able lo use the bullding In winter and gel It to a point where we can hlre11 out Is goSng lo be an important development for the sile. Bailey Einon romains Glosed due lo ash dleback. In 2023 we adopted a federallon wlde pollcy and framework for how io anage ash dieback, We will review the Closure and the cosl-benefil of intervention in autumn 2024. We'd like Its thank members for Ihelr support in helping us keep the sile safe and allowing 8sh dieback lo run its course on the trees, the hope that some Survive and can be spared fdling or intsrvenlion works. Pigs and Ponies joined the first callle al Wilder Penwn. With Ihe fir812 callle being finished and sold as meal boxes by our grazier, Dale Wilson, via direct sales. We marked the occasion by running an event.. Eating for Nature, al Daphne's restaurant in Presleigne. Well attended, with excellent feedback, il was a chance lo lie in food production with rewilding and land management for nature. Our confidence with rewilding grows, as 2023 saw us host a Tir Nalur network event, where rewilders from across Wales allended the sila for a guided walk and sharlng of learnlngs. Quietly, respectfully bul purtK)sefully rewilding, as a movement. grows across Wales. We are thankful for the continued support of Rewilding Britain who are supporting us to cary out sile visits lo upland rewilding sites in 2024 with farmers and landowners who attend our farm cluster. Watch out for the video retx)rts in autumn 2024.

RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI Prolects Stand for Naturè Wales This pan-wales Wildlife Trust project, funded by National Lollery Heritage Fund entered its final year. We continued to build on our trainee programme, securing funding for conlinualion and an upgrade lo paid internships in 2024, through the Shared Prosperity Ftjnd, We are confirming the future of our youth group. which we hope can self-support. Our partnership wilh Black Mountains College Continued, and we joined their excellent farming group, that focus on local food systems and regener8llve techniques. We are currently in talks on the developrnenl of our shared working with their students and our trainee programme. Wlldgr Lugg Project We secured funding from a prlvale donor, Welsh Water vla their Biodiversity Fund and the Waterloo Foundation, which has enabled us lo commit lo a 2-year programme, with capital funding. We are focussed on addressing Increased peak and low flows and riparian habllal resloralion Ihrough natural flood management techniques such as leaky dams and wetland creation. We recruited in autumn 2023 and started work in early 2024, We've received good interest and support from landowners and are Gurrenlly galning permissions for structures and wetlands, selling up baseline monitoring, and expanding our citizen science programme. This work lies in with Herofordshire Wildlife Trust's work on th8 Lima and Lingen Brook and we are seeking lo secur8 a larger lolnl prol8cI from grant foundat￿nS In late 2024. Wye Act for ClSmate Change This project, which is lead and hosted by Herefordshlr8 Wildlife Trust, and funded by the Climate Action Fund, In partnership wllh the Wye Valley National Landscape glves each organisalion a project officer. They are all Irainlng ioward BASIS qualifications for farm advSce, whlle working with landowners and the community offerlng support, advlce and guidance on climate adaption. Oemond has been high and we're wotl(ing on ov$r 15,000 acres of land in Radnorshire now. This project lagls 3 years and allows us a consislenl resource lo partlclpale In wid8r co-ordinated work across the River Wye SAC. Wy6 Now.. Camp81gn and Advocacy Rolo W8 were dglighled lo secure 3 years funding from John Ellerman Foundallon for Ihls much needed post, which wlll foeus on Wales and Welsh policy and advocacy In the run up to the next Welsh Government Elections and beyond. Tho project started in March, bul we are still recfulllng lor the post holder. The project will develop and deepèn the manifesto for the Wye, building a campalgn and advocacy programme acro$$ the Welsh Trusts In the catchment. Noxtdoor Natur• This project really bloomed Sn 2023, wllh work carried out on a number of verges and green spaces In Llandrlndod, the eslablishmenl of a nature action n8fv40rt( and running of 2 Sustainable Business Forum meetings. We're working with a Dark Skies project and there are some exclling developments with the communlty In New Radnor, around community land. NdN finishes in June 2024 and w8'r8 working on securing funding lo continue the natu￿ a¢lion ne￿ork and the mu¢h needed and demanded community support. Our Community Intern, Flnn, Is the contact in the interim. Cltlzon Sclence We conllnue lo support Friends of the Wye, who have now incorporated Frlends of the Lower Wye to form a slngle calchmenl group. We insure the volun188r Citizen Scienllsls and host the Co-OrdSnalor, who has been able to carry out excellent work 8cross the various river Wye forums Including the Wye Caichmenl Partnershlp, which has some new found focus. The challenge of securing further funding remains bul we wlll seek to continue this excellent partnership as Ihero is still much lo do for the health and su$lainabilily of the River Wye and we know that continued public pressure and SUPPDrl ftir change Is vital in keeping the Wye on the agenda for decision makers. The volce for change is slrenglhened when RWT is Co-operative and working across a number of organisallons. Whil8 2023 saw political plans launched and commllmenls made by UK Government, there was little movemenl in Wales to secure a better, cleaner and brighter future for the river ¢alGhmenl. With a new UK governmonl, let's hope we see 80me meaningful acllons and a beller cross-counlry dialogue. Legacles, Glfts and Fundralslng We received a number of legacies Sn the year and one substantial donation whSch was allocated lo the Gilfach appeal. We have also received a number of other signiflcanl donations including unreslricled funds io help conllnue our work with landowners, for whlch we are very grateful. James Hltchcock, Chlef Exo¢Utivo Offlcgr FINANCIAL REVIEW Radnorshlre Wlldlife Trust Lim5tod The S￿lement of Financial Activities on page 11 shows nel Income of £607.053. Total Incnme received in the year was £1,219,568 compared to £1,862,146 in the previous year. Income from Grants and Donations was £986,383 12023 £1,255,244) and income from Legacies was £26,45312023 £421,838). Generous bequests remain core lo the long-term viability of RVVT, and the funds received allow for the expansion of conservation work as well as financial support of Gore costs not covered by grant income, Expenditure was £652,541 compared to £1,093,315 in the previous year. ofwhieh £270,302 was incurred on Restricted Funds. The value of investments reduced from £587.526 in 2023 10 £527,552 in 2024 due lo the sale of units in the year for £11)0,000 which has Sin￿ been reinvested in the current financial year. The value of the remaining Investments increas￿1 wllh unreallsed gains in the year of £39,718.

RADNORSHIRE WILDLIFE TRUST LIMITEO REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI Al 31 March 2024 the balance held in the unreslrlcted reserve fund was £982,691 of which £305,796 is held in General Funds induding free reserves of £80,000 and Designated Funds of £676,895. Designated Funds al 31 March 2024 were the Development Fund of £187.202, Conservation Fund of £381,232, Gilfach FLJnd of £3,000 and Revaluation Reserve Fund of £105,461. Durlng the year, the Charity repaid the concessionary loans from four philanthropic lenders. Radnorshlrè Wlldllfe ServlGes Llmlted {Company number: 04284093} Radnorshire Wildlife Services Limited IRWSI, whlch was a wholly owned subsidiary of RWT. was dissolved by Companles House on 30 January 2024. RWS received no in¢orne In 2023-24. PLANS FOR FUTURE PERIODS We go into 2024125 focussed on increaslng Impact 8galnsl our strategy. improving the systems in place lo support and monllor that, and ensuring we can mainiain 8 constant flow of fundable id8aS to aid income generation and ensure we have a suitable level of $laff to create meanlngful ¢hange on tho ground. The early year will see us focus on estsblishing the projects which started 81 the end of 2023124.. key strategic work on rivers ond their calchmenls. increasing our partnership work with prlvale landowners. Vllal for progress io achieve 30410 of land managed for nature by 2030, Wlh the end of Nexldoor Nature and Sland for Natu￿ we've b$en working hard on securing further funding for community organising and hope lo have posllive news In mid-2024 on a Community Ecologlsl Role, This post will work across Radnorshlre, wllh a wlde v8rlety of groups on themes suGh as verges, communlty spaces and dark skies. With S corporate members and rising we'll be focussed on developing these partnerships to identify mutual benefits, while seeklng ways ￿ further our strategy through the wlder buslness community. We have sel a membershlp largel of 1400 for Ihls year. st￿l¢hIng perhap5, bul we feel11 Is achlevable If we can ¢onllnue lo raise R￿,$ profile, reaching now pooplo. We have some importanl work lo do 81 Gllfach, dellverlng work fund$d by Naturè No￿Ork Funding, and finlshing the improvemanls to the vlsilor ¢enlre, funded by generous donalDns a8 parl of our 2023 appeal, will lake lime and a considerable focus for the team, Once building improvements ar8 live, in autumn 2024, we will focus on increaslng the usage and making the room available for hire, with occupallon posslble Ihroughoul the winler thanks lo additional insulation and a new heallng syslem, Although some way off, wo'r• looking al what will follow our Wilder Pen￿yn and Lugg proiect8 and are developing a 8Uite of project ideas lo pursue across 2024 and beyond. The aim being lo pursue a 2 stago1011ory bid, working with Herefordshire Wlldlife Tru51 dgepgning our commllmenl lo reslorallon and support for reg8ner81ive land management in the Lugg calchmenl. Wilder Pentwyn will continue to work with surroundlng landowners Ihrough our farm cluster, which extends on to adjacent Beacon Hill, while carrying out wildflower seed reinlroduclion, and pond and woodland creation lo sel up the condillons for a much rlcher and diverse future al the sile. The long.lerm rnanagemenl delivered in conjunction with local farmers using cattle, plgs and ponies. We continue an extensive audit of our reserves, assessing wholher siles are as good as they can be for wildlife and considering how they'll fare as our climate continues lo change and what adaption measures, we can pul in place. We're determined lo move offi¢e$ in 2024. as we want the b8nefils that come from more open plan working and a more heal efflclenl space. Sadly, we've had lo close the shop 81 W8rnYi¢k House and have no plan5 for other forms of physical rglail. INhilg we know the shop had a presence for the communlty and was run very ably by dedicated volunteers, il was only making a small profil and we fell we wgrg unable to offer sufficient staff support il lo develop il lo suit the world in 2024. We'll focus our efforts on Gllfa and our spaces there, conslderlng what role online retail may have, if al all. Through oijr work with the Welsh ne￿rk of Trusts, we are looklng 81 shared roles lo support the g￿￿ng of more glfts and legacies, both of which are hugely important and Impactful income streams for us. funding our most ambitious work, We'll also seek lo ensure we have a clear local message for legacies, gifts and donations, income which has been vital for R over the years. If you have pledged a gift for RWT or are thinking of pledging one, please do gel in touch, We'll also look lo deepen the relationship with Gwenl Wildlife Tru51, to strengthen our financial controls and strategic finanGe planning through our shared Head of Finance post. Our project and programme development will primarily focus on Radnorshire, bul wewill invest a proportion ofts'me into worki ng al regional and national level lo develop long-lerm programmes Ihal attract repeal funding and operate al a scale sufficient lo allracl global phi18nlhropic funds and new forms ol 'green finance.. Keep a look our for updates on the 'Dragon's Back, Programme.

RADNORSHIRE WILDLIFE TRUST LIMITED REPORT OF THE COUNCIL MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED} We will continue to work on supporting colleagues in Wildlife Trust Wales lo ensure the development of the new Sustainable Farming Scheme is appropriately funded and sel up lo embed high quality management for nature across the farmed and forested landscapes of Wales. 11 remains an exciting ts'me for RWT and its development., not wilhout challenge as external political and economic factors influence the nation's focus on nature. climate and rural communities. bul we remain optimistic. One thing we aro sure ol is that there is much lo do and plenty of opportunity lo work wllh the people of Radnorshire and mid Wales lo ensure that nature is pul into recovery. the cllmale is kept within stable limits and communities thrive, We look forward to worklng with you all on this mission and thank thos8 that have and will continue lo support us, through the gifts of lime. conlenl or financial support. James Hltchcock, Chlef Exocutlvo Offlcer RESPONSIBILITIES OF THE COUNCIL MEM8ERS Company law require5 the Council of Management lo prepare flnancial slalemenls for each financkql year which give a true and fair vlew of the slate of the affairs of the charitable Gompany as al the balance sheet dale and of ils income and applicallon of resources. including income and expenditure, for the fin8nclal year. In preparing those finandal Slalemenls, the Council of Management should follow best practice and,, select suitable accounllng pollcles and then apply Ih8m ¢on$l$tgnlly', make judgements and estimates that are reasonable and prudent., prepare the financial statemen15 on the going concern basis unless 11 Is Inapproprlale to assume Ihal the company wlll continue on Ihal basis., observe the methods and prlnciples In the Charid8$ SORP., $lale whether applicable accounting slandarés have been followed, subject lo any material departures disclosed and explained In the financlal slalements., and maintenance and integrity of the corporate and flnanci81 informallon included on the charity's website. The Council Members are responsible for maintalnlng proper accounting records which disclose with reasonable accuracy al any lime the financial poslllon of the charitable wmpany and to enable them to en$ure that the financial statements comply wllh the Companies Act 2006. The Councll Members are also responsible for safeguardlng the assets of the charitabl8 company and hence for taklng reasonable steps for the prevention and detection of fraud and other iiregularllle$. STATEMENT OF DISCLOSURE TO AUDITOR8 So far as the Council Members are aware, there Is no relevant audit informallon las defined by secllon 234L4 ofihe Companies Ael 20061 of which tha company $ auditors are unaware. and each member ha5 taken all the 51ep$ that he or she ought lo have taken as a Council Member In order lo make himself or herself aware of any relevant audit informallon and to establish that tho ¢ompany S auditors are awar8 of ihal information. AUDITORS The audltors. Andrew Jone$ & Co, are deemed lo be re-appolnled In accordance wilh Section 487121 of the Companies A¢1 2006. This report has been pr8par8d in accordance with Sialemenl of Recommended Practice.. Accounting and Reporting by provisions of the Charities SORP IFRS 1021 and In accordance wllh special provlsions of parl 125 of the Companies Act 2006 relating 10 small cornpanies. Approved by the Councll of Management on 1 August 2024 and signed by the order of members.. E Hayward Sgcretary

THE RADNORSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE RADNORSHIRE WILDLIFE TRUST LIMITED ICONTINUEDI Oplnlon We have audited the finanoal slalemenls of The Radnorshire Wildlife Trust Limited for the year ended 31 March 2023. which comprise the Slalemenl of Financial Activities, Balance Sheet, Slalemenl of Cash Flows and notes to the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounllng Standards. Includlng Financial Reporting Standard 102 The Financial Standard applicable in the UK and Republic of Ireland (United Kingdorn Generally Accepted Accounting Praclicel. In our opinion the flnancial stalemenls.. give a tfue and fair view of the slate of the charitable company's affairs as al 31 March 2023 and ol ils incoming resources and application of resources, including its Income and expenditure for the year then ended., have been properly prepared in accordance with United Klngdom Generally Accepted Accounting Pr8clice', and have been pr8paréd In arKordance with the requirements of the Companies Acl 2006. Ba¥ls for op5nlon We conducted our audll Sn accordance with International Stsndards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit if the financial slalemenls section of out report. We are independenl of the charitable company in accordance with the ethical requirements that are relevant to our audit of the flnancial statements in the UK. including the FRCS Ethical Standards, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evldence we have obtained 1$ sufflcl8nl and appropriate to provide o basis for our opinion. Concluslons rèlatlng to golng conG8rn In audlllng the financial slalemenls, we have concluded that th¢ ¢ounGII members use of the golng ¢oncern bagSs of accounting in the preparation of the financial statements 19 approprlale. Based on the work we have performed, we have not Idenlifled any material un¢ertainlie$ relating lo events or condlllons Ihal. individually or collectively, may ca$1 doubl on the charitable company's ability lo continue as a going concern for a period of al least 12 months from when the financial statements are aulhorised for issue. Our re$ponsibililies and the re$ponsibililies of the council members wllh respect io goSng concern are de8crlb8d in the relevant sections of Ihls report. Other Informatlon The other information ¢omprlses Ihg information included in the annual report, including the council members, report, other than the flnanclal statements and our auditor'$ report Ihereon. The council members art responsibl8 for the other information contained wiihin the annual report, Our oplnlon on the financial slalements does not cover the other inlormallon and, except lo the exlenl olhemlse expllciily slaled in our report, we do not express any form of assurance conclusion Ihereon. In connecllon with our audil of the financl81 slalemenls. our responsibility is lo read the other inform81ion and, in doing go, consider whether the other information is materially InC￿nSIStenI with tha flnancial statements or our knowledge obtained In the audit or otherwise appears to be materially misstated. If we Idenllfy such malerlal inconslslencles or apparent malerial misslalemenls, we are required lo determine whether there is a material misstalemenl in the financlal statements or a material misslalemenl of the Other information. If, based on Ihe work we have performed, we conclude that there Ss a malerlal mlsstalemenl of this olh8r informallon, we are requlred to report that fact. We have nolhlng to report In Ihls regard. Oplnlons on other matter8 prgscrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in tha feport of th¢ ¢oun¢il members, which includ05 the directors, report pr8par8d for th6 purposes of company law, for the financlal year for which tha financial statements are prepared is conslslenl wllh the financial stalern8nts,' and the report of the council members has been prepared in accordance wSlh applicable legal requlremenls. Mattor8 on whlch w8 are requlrgd to report by exceptlon In the Ilghl of the knowledge and understanding of the charitable company and its environment obtaingd in th$ course of the audit, w8 have not identified material misslalemenls in the directors, report included wlthin the report ol the council membèrs. We have nothing to report In respe¢l of the following mallers in relation to which the Companies Act 2008 requires us lo report lo you If, In our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in 8greemenl with the accounting records and returns,. or certain disclosures of the eouncil members, remuneration specified by law are not made, or we have not received all the information and explanations we require for our aijdil., or the Council members were not enlilled lo prepare the financial statements in accordance wllh the small companies regime and lake advantage of the small CDmpanies' exemptions in preparing the Report of tho Council Members and from the requiiement to Prepare a strategic report.

THE RADNORSHIRE WILDLIFE TRUST LIMITED INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE RADNORSHIRE WILDLIFE TRUST LIMITED (CONTINUED) Responslbilities of Council Member¥ As explained more fully in the council members, responsibilities statement sel out on page 9, the council members (who are also the directors of the charltable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such intern81 control as the council members determine is necessary lo enable the preparation of financial slalemenls that are free from material misstalemenl, whether due lo fraud or error. In preparing the financial slalemenls. the council members are responsible for a$ses$ing the ¢harity's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Council Members either Intend lo liquidate the charity or lo cease operations, or have no realistic allernalive bLJI do so. Audltor's responslbllltles for the audlt of the flnan¢lo1 statgmgnts Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from malerlal misslalemenl, whether due lo fraud or error. and lo issue an auditor'5 report that that includes our opinion. Rea$onable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISA$ IUKI will always dele¢l a material misstalemenl when it exists. Mlsslalemenls can arlse from fraud or error and are consldered malerlal If, Individually or In the aggregate, they could reasonably be expected lo influence the economic declsEons of users taken on the basis of these flnancial sialements. Tho extgnl to whlch thg audlt was consldered capable of detèctlng Srr8gularltlès. Includlng fraud Irregularllles, Including fraud, are Instances of non-compliance with laws and regulalions, The objectives of our audit are to porform audit procedures io oblaln sufflcienl approprLqle audit evidence regarding compliance with laws and regulallons that hav8 8 dlrecl effect on malerlal amounts and disclosures in the financk31 slalemenls. In relation lo fraud, the objectives of our audit are lo identify and assess the risk of malerlal misstal8menl of the flnanGSal stal8rnenls due lo fraud by obtaining sufficient audll gvld8nc$ regardlng the assessed risks. Howevor, il is the primary responsibility of management and those Charged with governance, lo ensure ¢omplian¢e wilh18WS and regulations and for the prevention and dg1gGlion of fraud. In identifying and 8SS8ssing risks of rnalerlal misslalemenl in respect of Irregularllles, Includlng fraud, we performed audlt procedures lo delecl non-complian¢e$ which may have a material Impact on the flnanclal si8lemenls whlch Included.. reviewing the financial statements Includlng the report of the councll members and Inspecllng mlnules of meellngs of the council and relevant sub-commlllees, Inquire of management, and those charged wlth governan¢e. whether the Charltable ¢ompany 1$ ¢ompllanl wllh laws and regulations. identlfy the rlsk of management override of controls and the rlsk of cut-off In revenue recognlllon for legacles, donations and grants as the area wher8 the flnancial $lalemgnts were most sus¢eplible to molerial mlsslalemenl due lo fraud. A further description of our responslbllllies for the audll of the financlal statements 18 located on the Flnanclal Reportlng Council's website al". www.fr or5res Th1$ de$¢ripllon foms part of our auditor's report. Use of our report This report is made solely lo the charity'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 slate lo the charity's members those mallers we are rgquired to 51ale lo Ihern in an auditors, report and for no other purpose. To the fullest extent pemittel by law. we do not ac￿p1 or assume responsibility lo anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinlons we have formed. Andrew Jones Bsc FCA Senior Sialulory Auditor For and on behalf of Andrew Jones & Co Chartered Accountants & Stalulory Auditor The Old Sufgery Spa Road Llandrindod Vvells Powys L01 SEY 30 August 2024 10

RADNORSHIRE WILDLIFE TRUST LIMITED STATEMENT OF FINANACIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Fund$ Funds 2024 Total 2023 Total Not INCOME Lbnatton5 and Legacie5 79,020 1.010.964 1.089.984 1.735,004 aritable Activits'es 77.245 77,245 76,119 (Xher Trading AcliviUes 23.132 23,132 15,793 hvesln￿nI Inco 20,349 20,349 18,503 Other hco 8,664 194 8,858 16.727 TOTAL INCOME 208,410 1.011,158 1,219,588 1,862.146 EXPEWTURE P£lslng Funds 5,587 180 5.767 3,946 charItab￿ Act￿11188 376,652 270,122 646,774 1,089.369 TOTAL EXPENDITURE 382,239 270,302 652,541 1.093,315 Net Galn8 on Inv•8tmonts 308 NEf INCOM FIIEXP&JDITUREI 1173,5211 740,856 567,335 768,831 Transfgrs botwoon Funds Othor rocogn180d GalnsllLo¥sosl lthrealSsed GainsllLossesl on RevalualK)n of hve51rrents 37.160 137.1601 39,718 39.718 {30.1921 mov￿ ETr￿S IN FUNDS 196.6431 703,696 607,053 738,639 RECONCILIATION OF FIMIS Total Funds Brought Forw ard 1,079,334 1,929.824 3.009,158 2,270,519 Total Funds Carrled Forw ard 15 982,691 2,633,520 3,616,211 3,009,158 The statement of flnancial activities includes 811 gains and losses recognlsed In the year. All income and gxpenditure derive from contlnuing aclivllies. The notes on pages 14 to 26 form an Intsgralpart ofthese Flnanclal Statements

RADNORSHIRE WILDLIFE TRUST LIMITED 8ALANCE SHEET AS AT 31 MARCH 2024 Noto 2024 2023 FLXED ASs￿s Intangible Assets Tangible Assets Heritage Assets veslThenls 2,018 454,863 1,893.322 527.552 2,018 865,188 1,893,322 587.526 10 2,877,755 3,348,054 CUPRwf ASSErs Stocks Debtors Cash al Bank and h F￿nd 12 13 857 92,291 679,853 2,234 329,601 101,692 773.001 433.527 CRECITORS: Art￿Unts falling due w ilhn one year 14 134,5451 172,5731 NEf CURRENT ASSErs 738.456 360,9S4 TOTAL ASSEfs LESS CURREMf LIA￿LITIEs 3,616,211 3,709,008 CREITORS.. An￿UnIS falling due after n￿re than one year 17 1699.8501 NEf ASSErs 16 3.618.211 3.009,158 FUNDS Unre8trlcted Incom• Fund8: Designated Funds Revalualtin Reserve General Funds 15 15 15 571,434 105,461 305,796 724,723 65,743 288,868 Total Unr••trlctod Incom• Fund# 982.691 1.079,334 8trlctod Fund# 15 2,633,520 1,929,824 TOTAL FUNDS 16 3.618,211 3,009,158 The Financial Statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006, and conslilul¢ tho annual accounts required by the Companies Act 2006 and are for ¢i￿UlatIon lo members of the company. The company is a private company limlled by guarantee, regis18red in England and Wales. Approved by the Councll of Management on 1 August 2024 and signed on their behalf by.. Chalr Company Registrat￿n No.. 2132736 Registered Charity No.. 519021 The notes on pages 14 to 26 form an integralpart of these Flnancial Statements 12

RADNORSHIRE WILDLIFE TRUST LIMITED STATEMENT OF CASH FLOVIS AS AT 31 MARCH 2024 STATBI ￿ OF CASH FLOWS Note 2024 2023 Net Incom& for tho yoar Adjustments for.. Cepreciation charges Loss on sale of Pen￿ yn farnthouse Crfvtdends, interest and rents from investrrpnts Ilncreasel I decrease in stocks {Increasel I decrease in debtors ICEcreasg1 In crediiors ￿￿1 gains on inv851rrents 567,335 768,831 21,565 53,483 {20.3491 1.377 237.310 138,0281 13081 19.671 118,5031 18941 1107,3901 14,788 Ngt cash from op8ratSng actlvltloj 822.385 676,503 Cash flow8 from Inv•stlng actlvltl85'. vldends, Interest and rents from inVestr￿ntS Jrchase ol tangible fixed assets Sale of Inveslrnnts Salg of tsngible fixed asset 20,349 16,8811 100,000 342,158 18,503 123,0541 N9t oash used In Invo$tlng actlvltle¥ 455.626 14,551) Ca•hllow8 from flnanclng actlvltle¥ Repayffonl ol borrow ings 1699,8501 1850,1511 N•t ca8h provlded by flnancSng actlvltl•• 20 1899,8501 1850,1511 Chango In cash and cash oqulval•nts In the yoar Cash and cash equivalents al the beginning of the year 578,161 101,692 1178.1991 279.891 C•8h and cash •qulval•nt8 at tho ond ol thg yoar 20 879,853 101,692 The notes on pages 14 to 26 fomi an integral part of these Flnanclal Statements 13

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUED) ACCOUNTING POLICIES Basis of Prep8ration The Financial Statements have been Prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Pracb'ce applicable lo charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- (Charities SORP IFRS 10211. the Financial Reporting Standard appllcable Sn the United Kingdom and Republic of Ireland {FRS 1021 and the Companies Act 2006. The charbly consti'lules a public benefit enlily as defined by FRS 102. Assets and Ilabllllles are Inlllally recognis￿ at historical cost or transaction valuo unless olherwiso slated Sn the relevant accounting policy nolelsl. Preparation of Accounts on a Golng Concern Basls The Council Members ¢on$ider that there are no material uncertainties about the charity's ability lo continue as a going concern. Ex•mptlon from Consolldatlon The company has not prepared group Accounts as permilled by the Charities Act 2011 and Companies Act since ils subsidiary undertaking has been individually excluded from consolldallon on the basis of malerlallly for the purpose of givlng a Irue and falr view. In accordance with the Charities (Accounts and Reports) Regulats'ons 2008 No. 629 r8gulatJon and S8ctlon 139- Charllles Act 2011. Inlanglblo A85Ot8 No depreciation has been provided on Intangible Assets as there Ss uncertabnty to the useful Ilfo of the 8asic Payment Scheme enllllements and any resulting charge would be Immalerl81. Tanglble A$8et$ Depreciallon is provSded al the followlng annual rates lo wrlle off each asset over Its 8sllm8led us8ful15fe'. Fleld Plant and Equlpmenl 100/0 on Cost Motor Vehicles 1 00/0 on Cost Furniture and Equipment 10'/o on Cost Computer Equipment 250/0 on Cost No depreclallon has bean provlded on freehold bulldSngs. Councll Members are of the opinSon Ihal freehold bulldlngs will have an extended useful life of over 50 years and that any resulting charge lo depreciation Is immaterial. Thg provisions of Flnanclal ReportSng Standard 15 were not applled lo Freehold Propety and under FRS 102. they will continue lo be re-valued by a professional valuer every five years from the dale of acquisition with an impairment review avery three years after each revaluation. Herltage Ass915 The Charity holds heritage assets, which are tangible fixed ¥$$$l$ of hislori&il, artistic 01 sGienlifi¢ imporlanco that aro held to advance preservation and wnservalion objectives of the Charity. Newly purchased herltage assets are capilallsed and included al cost including any inGidenlal expgnses of acquisllion. Freehold Property Including proparty gifted lo the Charity were professlonally re-valued by Morgan & Co on 5 February 1997 on the basls of freehold vacant possesslon, subject lo ¢ertain re$lri¢lions. These valuation$ have been adopted as the historical cost under the transi1Sonal provlslons of the Financi81 Reporting Standard 15, Property improvements subsequent lo the valuations are capitallsed and ¢arried in the balance sheet al hislorical ￿$1. The Council Members are of the opinion that Gilfach Farmhouse as a Grade 2. Listed Building and Gilf8ch buildings will have extended usefijl lives of over 50 years and that any resulting charge to depreclallon Is Immaterial. The very long expected lives of other heritage assets. due lo their nature, value and need lo be protected and preserved means that depr8cialion is not material and Is not provided wllh the exception of Inlerpretalion Equipment installed al Gilfach whlch is depreciated at 25 /0 on Cost to write off over Ils eslimaied useful1Sfe. Invostmgnts Investments are slated al market value as al the balance sheet dale. The statement of flnanclal acllvllSes Sncludes the nel galns and losses arlsing on revaluation and disposals throughout the year. Where11 is not pracllcable to ascertaln the actual or a notk)nal apportionment of costs charged lo wlle¢live Investment schemes, such as unlt trusts or common invoslment funds, with reasonable accuracy, Ihen the investment income received is reported wilhoul adjuslmenl. Flnancial Instruments I baslc financial assets and liabilities are initially measured al transaction price Including transaction costs. Financing transactions are initially measured al Ihe amount received or paid. with the cArrying amount adjLtsted in subsequent years to reflect repayment and any accrued interest, adjusted if necessary for impairment. Concgsslonary Loans Concessionary loans are measured in accordance wSlh ihe accountlng treatment set out in FRS 102 PBE34.90 to PBE 34.97. Realised Gains and Losses All gains and losses are taken to the slalemenl of financial activities as they arise. Realised gains and losses on investments are calculated as the difference be￿een sales proceeds and opening market value (purchase dale or 14

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI dale of iransfer to the Charity if lalerl. Unrealised gains and losses are calculated as the difference be￿een the market value al the year end and opening market value lor purchase dale or date of transfer lo the Charity if later). Voluntary Help and Glfts In Klnd The flnancial Statements do not incorporate any value allribuled lo the number of voluntary hours devoted to the charity by its membership. There are also numerous small gifts Ihal cannol be quantified. Stocks Stocks are valued al the lower of cost and nel realisablo value. Income All Income is recognised once the charity has onlillemenl ￿ the resources, il is certain that the resources will be received, and the monetary value of incomlng resources can be measured with sufficient reliability. Income induding Capltal Grants for the purchase of fixed assets is included in full in the Statement of Financial Aclivilies when these are receivable. Income In the form of donated assets is included in the Slalemenl of Flnancial Acllvllles, and capllali88d there appropriate al a reasonable esllmale of their value. Income from other trading aGlivits'es is the amounl derEved from the provision of goods and servlces and sialed after Iracse discounts. Expendlture Expenditure is Included In the Slalemenl of Flnancial Acllvllles on an accruals basss, Sncluslve of any VAT which canml be re¢overed. Costs of raising funds comprlse the co$ts associated with allracllng voluntary Income and th8 costs of fundraising including the Charity's shop. Costs of charltable acllvlll$$ ¢omprise those costs directly allribulable to direct charitable aclivlts'es and an appDrlionmenl of overhead and support costs, which are apportlonèd on an approprlale basis 0$ $81 out In the nol¢y lo the flnanclal stalemanls. AGGountlng for Soparatg Funds The financial slalemenls of a charity musl dSfferenllal8 belween reslrlcled and unrestricted fund8'. Unrestricted funds are avallable for use al the discretion of the Councll of Management In furtherance of the general objectives of the charlly, Unreslrlcled funds includ8 a r8valuallon r8s8rve r8pr8sentlng th8 restslem8nl of nveslmenl assets al market values.. Designated funds are unreslricled funds earmarked by the Councll of Management for partlcular purposes, The funds designated lo the Conservation Fund are the balance of unreslricled free reserves, Raslricled fund$ are subjected lo reslriclions on Ihelr expenditure Imposed by the donor or through the lermg of an appeal. The SORP lays down that restrlcled Income funds should be separately disclos￿ in the statement of flnanclal acllvilies. However, as the value of such funds Is not significant, the disclosure is made by way of a note to the financk71 slalemenl8. Legacles The first £50,000 of any legacies received would be taken into General Funds. and the surplus designated 75% to the Conservallon Fund and 25010 lo the Development Fund. Penslons Pension c08ts chaiged in the Slal8ment of Financlal Acllvllles represent conlrlbutions payable by the charlty in the year to the National Employment Savlngs Trust INESTI, a defingd conlribulKJn workplaco pension scheme. Debtors Debtors a￿ recognlsed al the seldemenl amount due after any trade dlscounl offered. Prepayments are valued al the amount prepaid after taking account of any trade discounts due. Cash at Bank and in Hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short malurily of three months or less from the dale of acquisit￿n or opening of the deposit or similar account. Creditors and Provlslons Crodilors and provisions are recognlsed where the charity has a present obligation resulting from a past evgnl Ihal will probably result in the transfer of funds lo a third party and the amount due lo setue the obligation can be measured or esllmated rellably. Creditors and provisions are normally recognised al Iheir selllemenl amount after allowing for any trade discounts due. 15

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI I￿OmE Unro$trict•d Restricted Funds Funds 2024 2023 Incon from ttsnations and Legac￿$.. Vohjnlary Incon'. Grants and tknnatDns Legacl8S Gft Aid enl)ers Subscr5p￿onS 18,329 26.453 6,558 27.680 968,054 986,383 26,453 49,468 27,680 1.2S5,244 421.836 35,605 22,319 42,910 79,020 1,010,964 1.089,984 1,735,004 8ritable Activthes.. Welsh &)v0rnn￿nl- Habitat ￿nagen￿nI ScheTr l Glasts'r Welsh ￿Vern￿n1- Basic PdyrrEnl Schen Fees, Courses and &enls 44.706 30.497 2.042 44,706 30,497 2,042 31.733 43.911 475 77,245 77,245 76,119 Other Tradlng Aclivilies.. Sale of Goods and Refre3hrronts Fund Palslng Recelp18 Rents P£cewable 5,407 1.379 16,348 5,407 1,379 16,346 6,029 1,493 8,271 23,132 23,132 15,793 Inveslrrenl h¢On￿ and Interest.. Interest Receiv￿1 hvgslwenl hcorre 9,968 10,381 9.988 10,381 5,766 12,737 20,349 20,349 18.503 Other Incofflng P£sourc6s'. Other Hosting of Beavèr ￿018¢¢ OFfl¢er 8,664 194 8.858 12,727 4,000 8,664 194 8,858 16,727 Total hcom8 208,410 1,011,158 1,219,568 1,862,146 16

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI INCOME- contlnuod Unrestricted Rg$trlct•d Funds Funds 2024 Total 2023 Total The follow ing grants and donations are acknow lèdged.. GAF- aiTh8le Action Fund The N￿tional Lottery Pkxldoor ￿tUre The F&lional Lottery.. NNF Grassland Ktsnagerrenl The Nali)nal Lottery.. Stand for ￿t￿re Wa The NblFonal Lottery.. W11der pen￿ yn John BlerTrn Foundats'on N￿tural Resourc85 Wal Oak Foijndats'on Oakdale Trust People's Fbslcode Lottery - FIDn6er Fund Fbw ys County thuncil Fbw y8 Q)unty Council., thvid Recovery Fund Ft)w ys Local Trèlure Partnership Rew ilding Brllaln Pivor AclK)n Floyal Soelety of WI￿1￿? Trusts Waterloo Foundallon Walsh Governfftnl.. ￿Paw fyeen Connecllons Welsh thv8rnm8nl.' SV6 Flhos Paslurg Grants - pan￿ yn Farm Appeal Banlsler Trust Carrron Fo￿• John Sw ire Trust Sw ire ￿aritatsle Trust Sealon Farri tksnats'ons - pen￿ yn Farm rk)nalions - G'lfach Other Lbnallons and Gr8nl$ 15,537 43.761 1,380 63,629 36,628 38,000 22,432 41,500 15.537 43.761 1,380 63,e29 36,628 38,000 22,432 41,500 34,829 32,021 62,048 11.362 2,000 8,331 10.971 19.864 10.971 19,884 6.499 1,419 5,742 1,419 5,742 19,472 5,000 200,OOCI 20,000 200,000 20,000 408,816 164,503 150,000 150,000 150,OCMJ 100,0(KI 50,000 so,oao 50.000 10,000 58,440 42,278 136,473 so,000 10.000 58,440 42,278 154,802 132,314 18,329 18,249 18,329 968,054 986,383 1,255,244 RAISING FUNDS Fund Raising Costs rchase of G)odg 444 5,143 180 624 5,143 761 3,185 5,587 180 5,787 3,946

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI CHAR]TABLE ACTIVITIES Unrgstricted Restrictgd Funds Funds 2024 2023 Bank Charges Conpuler Support and Sofiw ara Costs Conference, eXhibit￿n & costs CL)uncll tsx and Water Cepreciabon Cjsposal ol Pan￿ yn Farthouse Fiold and Reserve Expenses General Support Costs Isee note 51 )vernance Support Costs (see note 51 FÈallh and Safety Insurance Llghl and Pbal lalerla15, ￿ulp[T￿￿I & Sjucalional Wlerlals ert)ership Costs (Xher thsts and Subscriplons Partner PaYn￿ntS Payroll & Pension Adrrtnlslrallon Costs Fllnling, Stsbonery ané Offlce Supplies 01gssional and Consultancy Fees Fljblicity, Adverusing, and hlèrpreialK)n Recrullnpnl Cosls R8pairs and Vainlenanca Staff Costs Telephone and 8roadbgnd Tralnlng and ￿Urse Fees Travelling Expenses Vehicle E¥penses and Rswf Levy 1,895 16,580 2.941 3.055 3,821 53,483 8,154 18,269 12,427 1,632 18.079 1,474 171 3,754 1,113 162 3.549 6,183 2,057 20,129 9,104 3,055 21,565 53.483 42.128 18,269 12,427 1,632 18,079 1,603 8,186 3,754 4.25S 1,010 16,908 9,969 6.636 19,671 17,744 33.974 119,074 20,501 12,261 909 15,105 1,656 84.843 5,699 2.675 148,341 900 2,361 108,504 35,582 129 8,015 3,142 990 1,061 27.299 11.799 4,287 4.129 163,251 310 1.712 3,954 4,111 6,901 990 1,118 57,503 17,133 6,969 5,075 301,120 2,649 4,792 12.536 10.262 6,901 57 30.204 5.334 2,682 948 137,869 2,339 3,080 8,582 6,151 8,663 425,235 3,572 15,796 12,722 4.295 6,481 376,652 270.122 646,774 1,089,369 In 2023. partner payrrEnls are transfer ol project funds lo ￿nIg0￿￿rYshIre Vwldllfe Trust and the Wildlife Trust South & W8sI Wales, partners in the &een (JnneclDn5 project. ANALYSIS OF SUPPORT COSTS Goneral Gov9rnanofj Support Support 2024 2023 Staff O)sts I￿anagen￿nI) Light and He81 Cylice Acconin)dalion.' Rates and Waler Repairs an(J Vainlenance Telephone and Broadband Trustee E¥pen5es and Venue Hlrg Annual General ￿ting Audit Fees Trustees Indemity hsurance 14,978 766 4,280 219 19,258 985 18,581 555 109 731 1,685 31 209 481 1,308 452 4,800 647 140 940 2,166 1.308 452 4,800 647 164 6,182 875 110 427 5,300 568 18,269 12,427 30,696 32,762 The basis of allocation of support C051s is as follows.. Staff Costs IManagementl- Staff lime Office Accommodallon - Usage 18

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI STAFF COSTS 2024 2023 Total Staff Q)sts w ere.. Wages and Salaries loyers National Insurance Costs PansK>n Q)nlribulions 286,55S 17,367 16,186 385.312 23,450 18,794 320.108 427,556 Rèdundancy Costs Redundancy Costs 11,891 Rolocatlon Costs Relocation Costs 1.250 Nt* etrployee recewed ramJn8ralhJn amunling lo nKJre than £60,000 in the year. The average rmnlhw head CDunl ol enTJloyees, Includlng 2 Iralnees, for Padnorshlre Vwldllfe Trust LI￿lled w as 14 12023.. 191. and the average nunkner ol 8Thployees calculated on the basis of full lim equivalents, w as 1112023.. 141. 8 posis are funded predorfnanlly by core unreslricled incofre. The renBinder are proleel funded 4 P051$ are finance. lundralslng and support, the renwlnder are delSvery focused. TRANSFERS B￿WEEN FUNY)S Unrestrlctod Rostrlctod Fund$ Fund Transfers In the year ore.. Transfer ol Fllecl Funds lo Core Funds Transfer ol thre eA$ts io Ftojects 15341 37.894 534 137.6941 37,160 137.1601 ReslriGled Funds are transferred lo Lknreslricled Funds Sn respect of volunteer lIn￿ spent on projects. Core c08ts transferred lo Re8lrEeled Funds are an allocation of rr0nagen￿nI and office eosls lo prolecls. IpirANG18LE FIX&I ASSESTS Baslc Paymont Schem• ￿tItI•M ènt8 2024 2023 C£sst 2,018 2,018 Book Value 2,018 2,018 19

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEOI TA￿lBLE FIXED ASSErs J• Fl•ld Plant and Equipm ent Furnltur• and Equipm ènt Frèehold Properly Motor Vehicles Total Cost or Pvaluatlon Al 1 April 2023 Additions Cisposals 738.726 278,282 5,121 74.220 71,606 1,760 1,102,834 6,861 1395,6411 {395,6411 Al 31 ￿r¢h 2024 343,085 283,403 14,220 73.366 714,074 Cpreclatlon'. Al 1 April 2023 Charge for Year 171,908 15,784 5,688 1.422 60.050 4.359 237.646 21,565 Al 31 ￿orch 2024 187,692 7.110 64,409 259,211 Not Book Valu• Al 31 fvtsrch 2024 343,085 95,711 7,110 8,957 454,863 Al 31 Wreh 2023 738,726 106.374 8,532 11,556 865,188 The Charty ow ns Ihg freehold propety, Warw Ick Fbuse, Hgh Street. Llandrindod WelLs. Lhder thar￿19S SOFFIFRS 1021 Ihls property w ill conllnue lo be re-valued by a prolesslonal valuer every Ilve years from the date ol acquisition, 31 Varch 2006. with an inpalrffenl revlew every three y&ars aller each valualbn. Warw ick Pbuse was professlonally valued on 23 Juty 2021 by th)rgan & Co w ho a88essed open ffBrk81 value al £140,000. Lhdèr the c081 ftyyjel, Warw Fbuse woukl have a carrying value of £120,266. 10 HEFITAGE ASSErs Freèhold Proptsrty Int•rpr•tatlon F4ulpm&nt Sculptur•4 Total Cost or Rovaluatlon Al 1 April 2023 1,878.013 69,802 15,309 1,￿3,124 Al 31 ￿arCh 2024 1,878,013 69,802 15.309 1,g63,124 Dtrpr•¢iatlon Al 1 Aprll 2023 69,802 69,802 Al 31 Vfjrch 2024 69,802 69,802 t Book Value Al 31 Vorch 2024 1,878,013 15,309 1,893,322 Al 31 ￿erch 2023 1.878,013 15,309 1,893,322 As a requirenTnl of the Expkjring Giwach FtoSBcl, W has granted a legal charge over the propety GKfach to The Trustses of Th9 ￿tK)nal Fbritage ￿n￿rIal Fund for a temi of 20 years from the cOnple￿On ol the pro￿¢1. The project coniThnced on 12 SepteThber 2016 and was conwleled on 30 June 2019. Flva y&ar summary of herltag8 a8Sat tran$actlon$ 2024 2023 2022 2021 2020 G)st brought forward Acouisilk)ns in year Ckprecialion in year 1,893,322 1,893,322 1,004,305 9(*,469 117,4521 1,021,755 957.367 81,838 117,4501 117,4501 O)sl carrfod forward 1,893.322 1,893,322 1.893,322 1,004,305 1,021,755 20

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI 10 HEPJTAGE ASSEfs (CoTr￿1NuEDl Heritage assets include Freehold ￿OperlI&S valuwj al £420,000 on 5 February 1997 by Mjrgan & Co on the basis of freehold vacant possession value subject to certsin reslriclions w hich has been adopted as Ihtr historic b8515 of valuation. The Freeho￿ Ftoperlies inclu(led in this valuation in 1997 are the reserve and larnthouse PLJrchased al Q'lfach Farm, reserves purchased at GanEIII HanlalK)n, Rhayader Tunnel and Penlrosfa Mre and reserves gilled io the tharity al Burfa Bog l&enjobbl, parl of Bailey Enon Wood ILlandrindod Wells), CEfn CEnarth Wood ISI Fbrmnl, Sidelands al Farm IPenybonll, and Werndryd IFranksbridgel. ￿￿ritage Assets also include Fronwen Wood grfled in the year ended 31 Wrch 2020 al a valuation of £65,000 and the cost of reserves purchased since 1997 al nydd FFoesKloes, Ow m Byddog, part of Bailey 5non Wood, Ow nFyr-Y¢hen Woodlands, Tylcau Hill, Cnwch Bank, land adjoining Tylcau H'll. Abercanlo Bog and additional buildings and inyroven*nls al GiWa¢h Farfft In 2022, the a)arlty purchased the freehold ol Pen￿ yn Farm, Llanbisler Road and the Lgnd acquired has been included as a Heritage Asset as il w ill be used for nature resloraliDn as a nature reserve. al its cost plus attributable legal fees of £906,469 excluding the valuation of the farnthouse and bungalow. INVESTMEKrs 2024 2023 hkrkel Value al 1 Aprll 2023 Less.. Sale proceeds of InvesthEnts Add.. ￿OfIt on sale of hveS1n￿n1S Lhrealisèd Ilossesl gains on Revaluation 587,526 11L>O,0001 308 39,718 617,718 130.1921 Vorkel Value al 31 2024 527.552 587.526 The Investn￿l a88els held w ere as under.. UK Lbsled Inveslmnls IH8nderson ￿roPean Focus Trust plcl UK Unil Trusts IOXAIC£)IF ￿arlI￿$ &hi¢al hVesl￿nI Fund) 22,813 504,739 19,875 567,651 527,552 587.526 The thuncil of Vonagemgnl consFder that there w ere no mlerSal Indlvldual hokllngs In Ihe year th81 require discbsure. 12 STOCKS 2024 2023 GJods for Resale 857 2.234 857 2.234 13 DEBTORS 2024 2023 Grants Receivable Other Debtors Legacy Receivable Ftepayft￿nts 49,063 35.618 3.￿0 4,610 12,470 299,483 13.75CI 3,898 92,291 329,601 14 CRUXTORS: amounts falllng du• wlthln one yoar 2024 2023 Other Cxedllors shorl.lerm conpensaled absences IholKl8y pay) Loans falling due w ithin one year Accruals 15,543 3.200 16,864 2.013 15.986 37,710 15,802 34.545 72,573 21

THE RADNORSHIRE WILDLIFE TRUST LIMITEO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI 15 MoV￿￿r IN FUNDS Incomg Expenditure At 01104123 linc galns) Iln¢ Io$s9s) Transf•rs At 31103124 Unreslricled Incon Funds.. tknlgnated Funds.. Cwelopn￿nI Fund nserva'on Fund Gilfach Revaluation Rèserve General Funds 184,209 540.514 2.993 {159,2821 3.tK)o 187,202 381,232 3,000 105,461 30S.796 65,743 288,868 39,718 208,718 1382,2391 190,449 Total ihreslri¢led Inconp Funds 1,079,334 248.436 1382,2391 37,160 982.691 ReStr￿ted Funds.. ReStr￿ted Capital Funds Reslrlcled ￿¢0￿ Funds 1.842.040 87.784 4,070 1,007.088 117,744} 1252.5581 286.079 1323.2391 2.114.445 519,075 Totsl Restr￿t￿ Funds 1,929,824 1,011,158 1270.302) 137.1601 2,633,520 Total Funds 3,009,158 1.259,594 1652.5411 3,616,211 Purposes of thslgnatod Funds Devèk)pnwl Fund.. This fund 1$ eslab115hed for the a¢qu15ilbn of land and bulldlng$ to further the Charlty'8 obleclives. Conservalon Fund.. Th18 fltnd Is estsblshed to provide a rellable source of Incoff£ to support the work of the C*arlty. GSffach'. Thls L8 8 legacy received from the estate of R8ning-WlllanE wh4ch has been deS￿nat￿l for use al GiW8ch. Revaluation Rtrserve Fund.. The revaluallon reserve fund Is requSred by ihe Conpanles Act 2008 and represen15 the arrounl by w hkh investrrÉnts and Freehold Property are rrore or less than Iha'r historical co81. 22

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {CONTINUEDI IETRJCT&)CAPITAL FWDS F85trKted Gapital funds are rewesenied by freehokl propgrtè$ or other f￿ed as$ots grf18d or donat8d to the tharty, or purchased renovated by fuTrJs raksed. grants and donatKins for Ihe proiEGI. Th8 baLgnc8s on reslrkted caplsl funds in respect of depreciating as5els are reduclng ai th8 $arre ral8 as the as88tdeweciates. Restr￿18￿ Gaptsl fund5 aro a$ under.. Incom• p•ndfjtur• At 01104123 Ro•ourca8 Re6ourc80 Tr4nsf•r• At 31103124 8eacon Fbll Ftoia¢t B8tt8r WoodLqnds for Wal85 I￿rn Byddog FOotbr￿ge5) Brffa Award- Fbrchase of Q)wch 88nk m Byddog R8serv8 ON myr Y¢hen EnvironTrnl Wa￿￿Wy9 CC{GI￿aGh Nbtura Tr8111 Fronw en W( G8￿1ft Flanlalvjn GI￿a¢h Farm GIW8ch Fgrrrthousfr and Barn Rèsloralon Glffach Visthrs &nlre Glasu- &'lf8¢h Arl Fyojoct Sculptures frbrrt8ge Lottery Fund.. m Byddog Rèsorvè Fbrttag8 Lottery Fund.. Cl"sabl8d Acc888 etc Fbritag8 Lott8ry Fund.. Erfpknrlng GILla¢h- ￿jU1pMnt lJarttag8 Lott8ry Fund.. Exploring GI￿aCh- Furnrture Fbrttag8 L0tt0ry Fund., Explorlng Gilach- Slgn8 rtt8g8 Lottery Fund.. &ploring GiKach PbJb & &JihJing R•lurbish Fknrkago Lottery Fund.. Gilfach Barnnftplerroni Shed rrtage Lottery Fund.. Land Ad￿InIng TY￿aU Hll rtsgg Lottery Fund.. Wnydd FIo88th8s 8ritagè Lottèry Fund.. MNF Grasslond V4nagèmnt rlt8ge Lollery Fund.. R8serv8 VAnag8nBnl Project kbrttsg& Lott•ry Fund.. Sland for Nature Land Cv8bprTBnl T8x'. Cln C8n8rlh Lond CYvek)prrBnl T8x'. Kbwer & Tr81L9r Lecal Wk11rf8 Sit0# Ilon81 ReBourc88 Wabs.. Conn8ctyng & N8lur8 NIIN FÈallar¥J Rosiorgtk)n Pgnlrosf8 Mr8 Pan￿yn Farm Pen￿yn Farm Land Peopb$ R)$1¢￿0 Lottery. Ponoer FUNJ Fow y8 County ￿unCIl.. CL>¥￿ P£Govery Gr8nt Fl)wys County C4urKII.. Tood Laddgrg Quad 81k8 ayadef Tunn81 8r ACt￿n Teamwlder Tykau Flll TY￿2￿ Hll C4r Park Vvelsh Governff*nl.. Beaver Traps Welsh Gov8rnrrfjnl.. &PsWGre8n GMneclbn8 Welsh Govgrnffenl.. SKE Grassland Ktsnageftpnl elsh Govemwl.. sms fthos Pasture W￿0 Adapt to Qirfgte a)ange 317 230 8,023 2,000 29,257 5,668 65.000 24,000 170,000 150,000 23,000 15,30g 5,318 10,646 1.962 54 133 144.204 12,337 77,920 4.171 11,489 1,006 1,457 2,230 3,800 317 230 8,023 2,000 29,257 5,668 85,OLKI 24,000 170,000 150,000 23,000 15,309 8,316 10.646 1,548 14141 181 1201 144.204 12.337 77.920 4,171 10,257 1,006 830 1,936 3,000 11,2321 16271 12941 16001 1591 941 935 1,275 35,0 3,7eo 823,313 2,310 12831 3,302 35,000 5,699 1,108,794 581 77 161 1,07e 1,5LKI 438 943 116,598 8,754 750 18591 2,S98 283,481 12251 1431 1321 15381 193 1.614 1,500 12101 14551 1.398 11e,598 8.754 900 11,666 62,835 1,395 12,28ei 18,9771 i¥oi ie81 53.858 819 751 1,842.Q40 4,070 117,7441 286.079 2,114.445 23

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI RESTPjCT￿l INCChME FUNDS Restrl¢t•d Income Funds are ropre8ented by fund$ rals¢d. donatlon8 and grant8 r8celv•d 1888 expendlturo Incvrr•d for Restrlcted Income Proloet$, a¥ undor.. Not Income At 01104123 pondlture Tran•fer• At 31103124 Appeal- Gwach Appeal P8nb¥ yn Farm Appeal Savtr the Begw n5 Ojrlew Group G4F- Wye Adapt lo aiftmie thanga [ A EGaunl Legaey Capit81 project Fr￿ndS of tho VFp6r Wy• Fronwen Wood fleserv8 Green Future Leaders The Nallonal Lottery kbriiage Fund- Nbxldoor W4iurg Tho N￿tIonal Lottery &briUqge Fund- WF Grassla￿ Vonagenpnt Th8 ￿tIOnal Loll8ry Q)mnJnity Fund- Sland up for Nature Th8 ￿tional Loll8ry Frrtage Fund- Nlder Porn￿ yn John BlornBn Foundalv)n- Wye Pknw Llandrlndod Wolls Tow n thuncil Natural F￿sourc9S Wa￿8 - a05er lo ￿￿tUre Natural Pesource$ W8￿S - Fèatland Fbsloratlon Ftoples Fbslcode Lottery - Carbon Foowrnt P&op￿S Fbsicode Lottery- Honeer Fund Fop￿s Ftystcede Lottery. Team Imlder F¥opks FbStc¢da Lottery. Wlder Futures Fbwys County CL)uncil. Local Wldlrft Sil8s Cllicér Ftyw ys QJunty thuncll. Fowys Local N￿lUr0 ￿rtnrSh Ilpatti Reserve Rew ikllng 8rllain knrovatr)n FUTh Flver ACt￿)n crowd funding pswrsiralegic Ctvebpnpnl Fund stall mg1 & relreshrronls donallon W8rndry¢S A9serve gr Lugg- R•eev•rlng our PJv•rs 925 44.159 42,726 512,507 70 11,7301 131,3041 1286,0791 41.921 239,283 69 165 113 165 14.718 111.7021 12.9031 s,000 25,351 123.7011 11.6501 11.848 11,848 IS481 138.1901 43.761 1.380 63.629 36,628 38,000 15,0001 11,3801 110,4401 110.4161 571 147.5731 130,5951 5,616 14,3831 36.808 75 250 11,878 8,244 11,3671 141 16,0871 15,9391 14,4561 11,3261 16,1101 110,7121 11,4191 13101 13,2811 15,7841 19881 1971 1561 18,7711 2,153 3.046 8,985 1.940 1.326 6,115 10,971 14,0001 18,923 1,419 8.211 310 5.742 272 2,461 5,512 1,152 97 164 321 170.000 265 161,229 87,784 1,007.088 1252,5581 1323,2391 519,07S Total Rg•trl¢t•d Fund• 1,929.824 1,011,158 1270,3021 137,1601 2.633,520 Purpo••8 of R•8trl¢tgd Fund¥ Appeal. e￿Wa¢h Appeal Pantwyn Farm Appeal Save the Wye Begw ns Ojrltsw Group CAF- Wye Adapt to aYriè Cangg Cbn8tlon8 towards purtha$ing iten% for GIKach Grants & donatlon$ toward5 the land purchase & runnlng costs of Ftyn￿ yn fknnauons towards th? Save the Wyo canpaign tbnations held for ￿nagerr&￿t of cur18w habrtal by thts Begw n6 t￿r￿W Tho proiticl ftscuses on recovering nature and cr8aling a cNrrdl8-relient nd8cap8 W ithin th8 Fl'ver Wyt and its calchftwnl area Legacy from Cr A E Gaunt towards a capital project C¥nalb?n for the rnn8g9￿nt ol Fronwen Wood P*serv xldoor ￿tUre is bringing conTrunilk?5 tog8th$r to help natu￿ fburlsh w h8r8 they live and workl The ￿￿onal Lottery Fbrdage Fund- NNF Grassland V¢nage￿nt Grant lo support 8 project focussed on gras$iqnd and w•lland rrBnag8nEnt Funding, in partnorship w ith the other Welsh Trusts, al￿d at providng richer wildlrf8 acro85 wa￿5. and where young people influenc8 their peers and comnjnities to lake positNe aCt￿n to tackle cliftpte change The prole¢l ainB to prolecl. r8Store and share natural heritage knowbdge al Fbniwyn Farm Wye N)w is a three year proJect w rth the awn of bringing rrEaningful hang8 to th8 R'v8r Wye LLgndrindod ListeniThJ Shop w ith ￿xtdO0r ￿tUre wOrkn"￿ w ith 5 oroanisalions to provide 80 sessions ol nature conneclKJns to for people dtsadvantsged by poor health or old age in Llandrindod WeNs and Flhayader A EGaunt Legacy C4pilal project Fronwen Wood Fbservg The h￿tIOnal Lottery Ftsrttage Fund. Nbxtdoor Mature The Nalbnal Lottery Q)nYwni¢y Fund- SlaThY up fgr ￿tUre Thg ￿1￿￿￿1 Lottery Fbritage Fund . Wk1er Ftntw yn )hn Foundati)n- Wye M)w Llandrindod Well$ Tow n Q)uncl I￿nal PBsources Wabs . (l)ser lo Nature 24

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {CONTINUEDI Purposes of Restrlcted Funds contlnued Natlonal F¥sour¢es Wakns - Fèatland Restoration Funding to inyrove nfrastruclure, purchase eqUip￿nI and work with graz￿rS Peoples Fosl¢od8 Lott8ry- Carbon Footprint Funding support for develOpn￿nt and delfvery of carbon footprint reductK)n slraleGies Supporting core w ork a¢ross Padnorshirg tg irKrease our reach and iTTpact e.g. traineeship bursary This funding w ill support onabling work such as a￿d￿nCe l￿tsTh￿g Funding, in partnership w rth fvbntgomry5hire ￿dIrf8 Trusl. to provKe a creativ8 approach lo ¢ortplerrent and contrbuts to the Wales-w Ide Sta￿￿ for N￿lUre Wales Ftojecl (ljr goal is lo n¢r8aso th• foeal wikjltte sttes In Fl)wys Llandrindod Listening Shop w ith ￿XId¢X)r Nature Cbnalions tow ard8 the r8pair lo the rool ol th8 bSrd hlde Eslabli5hfftynl ol a bK)10gkal basellne for Ftrn￿ yn b85ed upon eLN4 Fundin9 to support work w ith Frlgnds ol thè ￿Par Wye and the tJlkLen S¢nlisl post Grant to devebp and 8nod ngw 5y5te tJ)nallons lor the rr0nag8￿nI of Werndryd Poserve Tre Vwlder Lugg project aiftE lo enpow er Iho bcal rural eomnJnrty lo brlng about a long-16rrn vision lor the health 8nd nrinl?nanc8 of tha rwer Lu9g F¥op￿S P)5tccdo Lottery- Flon6&r FuThJ Peopk8s Itstcod8 Lottgry - TeaMWI￿8r P8opK8s Fbstcode Lottery- ¥MkYer Futures Fl)wys Q)unly Councl- Local WI￿&fO Sites offrer Fbwys CL)unly Q)uncl- FlJwy$ L￿81 N8lur¢ Parlnorship Fwllpatti Ptsserve Rew ilding Britain knnovalijn Fund Fover Acthan P5￿StrategIC Cvak)pmnl Fund Werndryd RegeTre Wilder Lugg - R8eov•rlro our FfN•rs ANAL YSIS OF pEr AsS￿s 8￿WEN FUNDS Ggnoral Doslgnatod Fund8 Funds R•8trl¢tod Fund• rotal Intanglble Assets Tangibb Fixed Assets Fbrltage Assets knVest￿ents Ntsl OJrrenl A8sel8 2.018 148.944 76,834 2,018 454,863 1,893,322 527,552 738,456 10.000 297,919 1.816,488 527,552 139,343 80,000 519,113 305,796 676,895 2,633.520 3.616,211 17 CREJITORS: AMouNfs FALLING AFfER MORE TFLAN OhE YEAR At 31103124 At 31103123 rAnc&8slon8ry108ns 699,850 699.850 Tho Chailty repakj the G)ncessbnary Loans kn th8 year. 18 LEASING CONfR4cT HIRE AGPEBIEMr Mninijrn lease payrrenls under non-c8ncellabb op8r8ting ￿8$6$ f811 due a8 lollow$'. At 31103124 At 31103123 Wilhin on8 year eeiw een ona and flve years 5,939 5,443 5,939 11,382 11.382 17,321 25

THE RADNORSHIRE WILDLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI 19 CoKrI￿ENf LIABILITIES There are conlingenl liabilities in resp9¢1 of grants nBdg 10 The Radnorshire Wildlrfe Trust Lirrit8d by c$rtain authorities and organisalions, in the event of non-corrplrance w ith th$ lerftB of the grant offers. The Cnuncil rTprrt)ors 8r8 nol aware of any non-conplkgnce. 20 ANALYSIS OF CtrL4NGES IN NEf D At 01104123 Cashflows At 31103124 Cash and ¢a$h •qulval•nts Cash al bank and In hand 101,692 578,161 679.853 101,692 578,161 679.853 L08ns falling w ithin one year Loans falling du& aller ni)re than one y8ar 15,986 {715,8361 115,9861 715,836 1699,8501 699.850 TOTAL 1598.1581 1,278.011 679,853 21 114DNORStrIREWILDLIFE SWICES LIMITED Fiqdnorshire Wildlrfe S&rvi¢88 Llniied wa8 d188olved by Corrpaniqs Fbuse on 30 January 2024. 22 RELAT￿ PARTY TRANSACTIONS ) Q)uncS1 or other person related lo the Cttarty had any interest In any conlrgcl or transaCt￿n entered Into by tho 8rtty durfng the year. 23 COUNCIL {TRUSTEESI R￿UNERATION AND EXPENSES r8Trun8rallon dlreclly or ind1rect￿ out of the funds of th8 tharty was pakl or payabL9 to any Councll or to any person tsr persons thow n lo be conngc19d lo any of Ihgm. (h Q)uncll w a5 relrtjursed £13 12023 one Council - £261 for tho gnnual lilhg 188 pakl lo ￿npany￿S Fbuse, and one Cijuncil ￿ertIer was ralrrbursed 8xpenses for attendlng ￿&tIng3 in the year of £702. M) other reln)ursen￿nI of expenses has baan nBde or is due to b8 rrede lo any of Ihg trustees In respect of their dulles ag Iru81ges The Charty received donallons of £1,189 from Council Verrbers in the year. 24 TAXATION The conyany Is reglslgred a$ a Gharlty and is therefore not labk8 to Corporalk)n Tax. 25 BR4ND LEGACY As part ol the 8Tand Legacy the ())8rty was18118 quartor sharg In Ciint)le Hall Farrry Fiochdale and on Isl ￿tsrch 2022 th Executor8 of the Estsle transferred thg ownershlp ol the fre&hold in the farm to 8 Trust for sa￿ ol w hlch the benelickgfyds are the four residuary beneficiar￿$ of V4rgarel Brand's Wll, in equal shares. The entiuenpnl to rgcgwe inconp from this legacy is subject to a tenancy for lrfe and cannot b8 recognlsed in the accounts of the a)adty w hllsl the tenant is in-situ Sn accordance w ith th8 a)8r((￿S sa9P IFRS 1021 paragraph 5.34. The quarter Share inlerasl in Ihe prop8rty Is valued at £181,250. Th& Iruslees of Ihg Trust for sa￿ have appointed a Lancashire firm of Chartered 18nd agents to nEnage the farrry Includhg colbcling the rent 8nd settling all expanses on bèhaK of the landlords. Expenditure ex¢e8dod inconp in the last year. not lea$1 because ol expenses arising from osh d￿back disease. ff and w hen a surplus arls9s. ITh ￿ceNe it8 Share. 26