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 P*valuatlon
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
C*preclatlon'.
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 C*v8bprTBnl T8x'. C*ln 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$, a¥ undor..
Not
Income
At 01104123
pondlture Tran•fer•
At 31103124
Appeal- Gwach
Appeal P8nb¥ yn Farm
Appeal Savtr the
Begw n5 Ojrlew Group
G4F- Wye Adapt lo aiftmie thanga
[* A EGaunl Legaey Capit81 project
Fr￿ndS of tho VFp6r Wy•
Fronwen Wood fleserv8
Green Future Leaders
The Nallonal Lottery kbriiage Fund- Nbxldoor W4iurg
Tho N￿tIonal Lottery &briUqge Fund- WF Grassla￿ Vonagenpnt
Th8 ￿tIOnal Loll8ry Q)mnJnity Fund- Sland up for Nature
Th8 ￿tional Loll8ry F*rrtage Fund- Nlder Porn￿ yn
John BlornBn Foundalv)n- Wye Pknw
Llandrlndod Wolls Tow n thuncil
Natural F￿sourc9S Wa￿8 - a05er lo ￿￿tUre
Natural Pesource$ W8￿S - Fèatland Fbsloratlon
Ftoples Fbslcode Lottery - Carbon Foowrnt
P&op￿S Fbsicode Lottery- Honeer Fund
F*op￿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 ￿rtn*rSh
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 aYr*iè C*angg
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 provK*e 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 8n*od 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 C*vak)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