OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Radnorshire Wildlife Trust Limited

2025-03-31-accounts

REGISTERED REGISTERED COMPANY COMPANY NUMBER: NUMBER: 02132736 02132736 (England (England and and Wales) Wales) REGISTERED REGISTERED CHARITY CHARITY NUMBER: NUMBER: 519021 519021

Report Re 'ort' of of the the Trustees Trustees and and Financial Financial Statements Statements

==> picture [142 x 18] intentionally omitted <==

----- Start of picture text -----
Contents Contents of of the the Financial Financial Statements Statements
for for the the Year Year Ended Ended 31 31 March March 2025 2025
----- End of picture text -----

Report of the Trustees Report of the Independent Auditors Statement Statement of of Financial Financial Activities Activities Report of the Trustees Report of the Independent Auditors

〝 〝` 縄ヽ 散 散蝋 璽 Cash Flow i楢鐡〟き}‥讐畳披竈e晦曾 Statement 鱒 Notes to the Cash Flow Statement Notes to the Financial Statements Notes to the Cash Flow Statement Notes to the Financial Statements

Detailed Detailed Statement Statement of of Financial Financial Activities Activities

Page 1 to 11 12 to 15 16 17 18 19 20 to 35 36 to 37 Page 1 to 11 12 to 15 16 17 18 19 20 to 35 36 to 37

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report of the Trustees for the Year Ended 31 March 2025 Re ort of the Trustees for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report Re ort of of the the Trustees Trustees

for for the the Year Year Ended Ended 31 31 March March 2025 2025

OBJECTIVES AND ACTIVITIES Objectives and aims OUR VISION RWT's work and influence is increasing the abundance and diversity of wildlife, inspiring people to take action for nature and helping to reduce the impact of climate change. OUR VISION and helping to reduce the impact of climate change. OBJECTIVES AND ACTIVITIES Objectives and aims RWT's work and influence is increasing the abundance and diversity of wildlife, inspiring people to take action for nature

RWT is at the forefront of efforts to combat climate change in Radnorshire. We are adapting to its effects and showcasing nature-based solutions, to the benefit of wildlife and people. 2030 target - RWT is a net zero organisation and is leading the way in identifying and using nature-based solutions. We will: Reduce our own environmental and carbon footprint. RWT is at the forefront of efforts to combat climate change in Radnorshire. We are adapting to its effects and showcasing 2030 target - RWT is a net zero organisation and is leading the way in identifying and using nature-based solutions. We will: Reduce our own environmental and carbon footprint. nature-based solutions, to the benefit of wildlife and people.

We We lead lead by by example: example:

Weare We are vibrant vibrant and and energetic, energetic, focused focused on on impact. impact. Our Our work work is is based based on on evidence. evidence.

We We are are a a caring caring organisation: organisation:

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report of the Trustees for for the the Year Year Ended Ended 31 31 March March 2025 2025 Re ort of the Trustees

OBJECTIVES OBJECTIVES AND AND ACTIVITIES ACTIVITIES

Public benefit The trustees of RWT have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Commission. Public benefit The trustees of RWT have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Commission.

The following section of this report (Achievements and Performance’) gives a detailed account of the activities undertaken to fulfil the Trust's objectives during the year 2024-25. 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: The following section of this report (Achievements and Performance“) gives a detailed account of the activities The general benefits of protecting biodiversity and of an environment rich in wildlife are enjoyed by the whole undertaken to fulfil the Trust's objectives during the year 2024-25. population. In addition, RWT provides specific benefits that are available to everyone, regardless of whether they are a member of the Trust:

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Re Report ort of of the the Trustees Trustees for for the the Year Year Ended Ended 31 31 March March 2025 2025 ACHIEVEMENTS ACHlEVEMENTS AND AND PERFORMANCE PERFORMANCE Charitable Charitable activities activities The The past past year year has has been been one one of of significant significant progress progress for for Radnorshire Radnorshire Wildlife Wildlife Trust Trust (RWT). (RWT). Despite Despite external external challenges challenges that that face face many many small small environmental environmental charities, charities, including including economic economic uncertainty uncertainty and and delays delays in in governmental governmental policy, policy, we we

have have continued continued to to deliver deliver on on our our mission mission to to restore restore nature nature across across Radnorshire. Radnorshire. The The Trust Trust had had a a change change in in leadership leadership and and other other key key staff staff members members during during the the year. year. While While this this may may have have generated generated an an element element of of uncertainty, uncertainty, it it also also

presented presented the the Trust Trust with with an an opportunity opportunity to to reset reset and and revitalise revitalise our our work. work. Organisational Organisational overview overview With With thanks thanks from from the the Council Council for for his his achievements achievements over over his his tenure, tenure, James James Hitchcock Hitchcock left left RWT RWT in in October October to to focus focus on on advocacy advocacy work work for for Rewilding Rewilding Britain. Britain. Victoria Victoria Heffer Heffer joined joined as as CEO CEO in in January January having having spent spent more more than than 25 25 years years working working in in the the investment investment management management industry industry in in London. London. Silvia Silvia Sivers Sivers returned returned from from maternity maternity leave leave as as the the financial financial year year drew drew to to aclose. a close. The The Council Council thank thank Gina Gina Hale Hale for for covering covering the the Head Head of of Conservation Conservation role role in in her her absence. absence. In In the the final final quarter, quarter, the the Trust Trust also also changed changed its its Finance Finance lead lead with with Zoe Zoe Porter Porter moving moving to to work work full full time time for for Gwent Gwent Wildlife Wildlife Trust Trust (previously (previously in in a a shared shared role role with with RWT). RWT). We We welcomed welcomed Andrew Andrew Nineham Nineham to to join join in in a a part-time part-time Finance Finance Manager Manager role. role. We We expect expect his his extensive extensive commercial commercial experience experience will will enhance enhance the the Trust's Trust's strategic strategic financial financial management. management. Our members and volunteers remain incredibly important to the Trust. RWT's membership remained stable over the year. Radnorshire boasts one of the highest percentages of resident members of all the Wildlife Trusts which is wonderful, but work continues to further grow our membership. Despite raising our prices for the first time in several years, we aim to keep the cost of joining RWT as low as possible. Many of our events are free of charge to enable wide community engagement in our work. Our volunteers are a vital cog in RWT's ever turning wheel and their hard work, loyalty and expertise is invaluable to the Trust's activities. There were numerous events for members and volunteers over the year, including our annual Christmas lunch at Gilfach. We aim to continue to grow our volunteer group with an emphasis on broadening its profile over the year ahead. The number of RWT's corporate partnerships remained stable and we plan to explore new relationships offering fresh avenues for collaboration and funding. In June 2024, our Warwick House office was put on the market with a view to moving to a rental unit nearby in Automobile Palace. The business plan for the move was revisited and a decision was made to remain at Warwick House. The building is in need of work, particularly dealing with its poor insulation. We are hoping to improve the workspace for staff and volunteers. Our Our nature nature reserves reserves RWT is responsible for 18 nature reserves across Radnorshire; we aim to manage / improve habitats for wildlife, build climate resilience and engage communities in nature restoration. Gilfach remains the jewel in the Trust's crown. With the dedicated support of the reserve's wardens and the hard work of our volunteers, Gilfach has continued to flourish. With funding from the Nature Networks Fund (NNF3), RWT's reserves team carried out habitat restoration work, including wetland creation and planting trees across the brackendominated field at the edge of the oak wood. The grazing management was altered to enable natural tree and scrub regeneration. The visitor centre renovation plans moved slowly over the year following the fundraising appeal. Work continues behind the scenes (pre-planning applications, built heritage advice, etc) that will move to action on the ground soon. We aim to breathe life back into the building and improve the visitor experience. With a focus on rewilding, our project at Pentwyn continued to evolve with the introduction of pigs and ponies alongside cattle, creating a more dynamic grazing system. Habitat restoration work included efforts to deliver more diversity in our pastures and riparian corridors. Our team, together with many volunteers, have carried out significant tree planting - experimenting with cactus guards for the first time in places. A generous funder supported the introduction of 10 native and rare plants. With multiple events over the course of the year, Pentwyn has becomea lively hub for a wide range of visitors, including local schoolchildren. A thriving farm cluster group has brought the farming community together to share knowledge and ideas. Automobile Palace. The business plan for the move was revisited and a decision was made to remain at Warwick House.

Our team, together with many volunteers, have carried out significant tree planting A generous funder supported the introduction of 10 together to share knowledge and ideas.

In June 2024, our Warwick House office was put on the market with a view to moving to a rental unit nearby in With a focus on rewilding, our project at Pentwyn continued to evolve with the introduction of pigs and ponies alongside

cattle, creating a more dynamic grazing system. Habitat restoration work included efforts to deliver more diversity in our pastures and riparian corridors. - experimenting with cactus guards for the first time in places. native and rare plants. With multiple events over the course of the year, Pentwyn has become a lively hub for a wide range of visitors, including local schoolchildren. A thriving farm cluster group has brought the farming community

The number of RWT's corporate partnerships remained stable and we plan to explore new relationships offering fresh avenues for collaboration and funding. The building is in need of work, particularly dealing with its poor insulation. We are hoping to improve the workspace for staff and volunteers. RWT is responsible for 18 nature reserves across Radnorshire; we aim to manage / improve habitats for wildlife, build climate resilience and engage communities in nature restoration. Gilfach remains the jewel in the Trust's crown. With the dedicated support of the reserve's wardens and the hard work of our volunteers, Gilfach has continued to flourish. With funding from the Nature Networks Fund (NNF3), RWT‘s reserves team carried out habitat restoration work, including wetland creation and planting trees across the brackendominated field at the edge of the oak wood. The grazing management was altered to enable natural tree and scrub

regeneration. The visitor centre renovation plans moved slowly over the year following the fundraising appeal. Work continues behind the scenes (pre-planning applications, built heritage advice, etc) that will move to action on the ground soon. We aim to breathe life back into the building and improve the visitor experience. community engagement in our work.

Our members and volunteers remain incredibly important to the Trust. RWT's membership remained stable over the

year. Radnorshire boasts one of the highest percentages of resident members of all the Wildlife Trusts which is wonderful, but work continues to further grow our membership. Despite raising our prices for the first time in several

years, we aim to keep the cost of joining RWT as low as possible.

Our volunteers are a vital cog in RWT's ever turning wheel and their hard work, loyalty and expertise is invaluable to

the Trust's activities. We aim to continue to grow our volunteer group with an emphasis on broadening its profile Many of our events are free of charge to enable wide There were numerous events for members and volunteers over the year, including our annual Christmas lunch at Gilfach. over the year ahead.

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Rep ort of the Trustees for the Year Ended 31 March 2025 Re ort of the Trustees for the Year Ended 31 March 2025

Our reserves are closely monitored by our staff and volunteer wardens, as well as the Trust's Conservation Advisory Group. We have had various surveys and reports carried out on the Ash Dieback at Bailey Einon which unfortunately, due to the ongoing risks to the public, will remain closed for the foreseeable future. We would like to thank our members for their understanding. Finally, the Trust is being generously gifted a wonderful ancient oak woodland by the Cadbury family who have supported RWT in many ways over many decades. Further details on this new reserve will be shared in the coming months. due to the ongoing risks to the public, will remain closed for the foreseeable future. Group. We have had various surveys and reports carried out on the Ash Dieback at Bailey Einon which unfortunately, We would like to thank our members for their understanding. Our reserves are closely monitored by our staff and volunteer wardens, as well as the Trust's Conservation Advisory RWT in many ways over many decades. Further details on this new reserve will be shared in the coming months. Finally, the Trust is being generously gifted a wonderful ancient oak woodland by the Cadbury family who have supported

Current and new projects The Wilder Lugg is a river restoration project that focuses on improving water quality, boosting biodiversity and natural flood management through the creation of leaky dams and wetlands. As well as capital projects and improvements on the ground, our Project Officer has also delivered training and citizen science workshops with strong landowner engagement and support from the local community. Scaling up catchment-wide river restoration also sits at the heart of our Wye Adapt to Climate Change project which is managed in partnership with Herefordshire Wildlife Trust. This initiative has been successful in supporting landowners to change the way their land is managed to deliver more resilience in the face of climate change. Engagement has been high with over 15,000 acres now under improved management with a focus on soil health, water retention and riparian habitats. Our Local Wildlife Sites project was funded by Powys County Council for a year to the end of March 2025. While our Stand for Nature Wales project came to an end, it created significant impact across communities in Radnorshire. Our aim is to always leave projects with a ‘tool kit’ to continue operating independently from the Trust and driven by local communities. The Green Future Leaders programme supported two interns for six months. We were successful in gaining funding for a new project called Wilder Communities with thanks to the National Lottery and the Ashley Family Foundation. The activities of the Project Officer in empowering local communities to enhance biodiversity in their area reflects one of the Trust's strategic goals to encourage people to ‘act for nature’. In 2023, we were awarded funding from John Ellerman Foundation for the Wye Now? project. The initiative's initial aim was to deliver campaign and advocacy work but we refocused its objectives slightly for the final two years of the project's life. Given our existing collaborations with those organisations that are working on improving the health of the Wye, it was deemed more appropriate to focus our efforts at farm / land advice along the riparian corridor. Together with funding from DRW Foundation, we now have a team of three part-time advisors. A continued lack of clarity over the forthcoming Sustainable Farming Scheme is a significant challenge for RWT, as well as Radnorshire’s farmers and other landowners. Our new team of land / farm advisors are building relationships across the county and will be prepared to advise on potential nature-friendly grants as soon as the government makes an announcement. Scaling impact through innovation and collaboration RWT recognises the power of collaboration and the sharing of knowledge and ideas to deliver the best outcomes for nature across the county. We have a wide range of partnerships where we are working directly with other Wildlife Trusts and environmental charities, such as Wye Adapt to Climate Change with Herefordshire Wildlife Trust. We do not want to reinvent wheels or compete for grants where we believe other organisations are a better fit in terms of expertise and resource. Being a core member of the Wye Catchment Partnership as it continues to evolve has been interesting and RWT hopes to receive some of the recent DEFRA funding for restoring the Wye catchment to good ecological health. We have also supported the efforts of our wonderful Citizen Scientists, led by Friends of the River Wye, who continue to monitor water quality, with data driving advocacy for cleaner rivers. Other collaborations with entrepreneurial and visionary organisations like the Black Mountains College deliver mutual benefits in multiple ways. Scaling up catchment-wide river restoration also sits at the heart of our Wye Adapt to Climate Change project which is managed in partnership with Herefordshire Wildlife Trust. This initiative has been successful in supporting other landowners. prepared to advise on potential nature-friendly grants as soon as the government makes an announcement. not want to reinvent wheels or compete for grants where we believe other organisations are a better fit in terms of landowners to change the way their land is managed to deliver more resilience in the face of climate change. Engagement has been high with over 15,000 acres now under improved management with a focus on soil health, water Our new team of land / farm advisors are building relationships across the county and will be Trusts and environmental charities, such as Wye Adapt to Climate Change with Herefordshire Wildlife Trust. We do expertise and resource. interesting and RWT hopes to receive some of the recent DEFRA funding for restoring the Wye catchment to good ecological health. We have also supported the efforts of our wonderful Citizen Scientists, led by Friends of the River Wye, who continue to monitor water quality, with data driving advocacy for cleaner rivers. Other collaborations with entrepreneurial and visionary organisations like the Black Mountains College deliver mutual benefits in multiple ways. Scaling impact through innovation and collaboration RWT recognises the power of collaboration and the sharing of knowledge and ideas to deliver the best outcomes for nature across the county. We have a wide range of partnerships where we are working directly with other Wildlife Being a core member of the Wye Catchment Partnership as it continues to evolve has been retention and riparian habitats. Our Local Wildlife Sites project was funded by Powys County Council for a year to the end of March 2025. and driven by local communities. The Green Future Leaders programme supported two interns for six months. and the Ashley Family Foundation. In 2023, we were awarded funding from John Ellerman Foundation for the Wye Now? project. The initiative‘s initial aim was to deliver campaign and advocacy work but we refocused its objectives slightly for the final two years of the Given our existing collaborations with those organisations that are working on improving the health of the Wye, it was deemed more appropriate to focus our efforts at farm / land advice along the riparian corridor. Together with funding from DRW Foundation, we now have a team of three part-time advisors. A continued lack of clarity over the forthcoming Sustainable Farming Scheme is a significant challenge for RWT, as well as Radnorshire's farmers and While our Stand for Nature Wales project came to an end, it created significant impact across communities in Radnorshire. Our aim is to always leave projects with a 'tool kit' to continue operating independently from the Trust We were successful in gaining funding for a new project called Wilder Communities with thanks to the National Lottery The activities of the Project Officer in empowering local communities to enhance biodiversity in their area reflects one of the Trust's strategic goals to encourage people to 'act for nature'. project's life. Current and new projects flood management through the creation of leaky dams and wetlands. The Wilder Lugg is a river restoration project that focuses on improving_ water quality, boosting biodiversity and natural As well as capital projects and improvements on the ground, our Project Officer has also delivered training and citizen science workshops with strong landowner engagement and support from the local community.

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report Re ort of of the the Trustees Trustees for for the the Year Year Ended Ended 31 31 March March 2025 2025

FINANCIAL FINANCIAL REVIEW REVIEW Financial Financial position position The The Statement Statement of of Financial Financial Activities Activities shows shows net net deficit deficit of of £144,799, £144,799, compared compared to to a a surplus surplus in in the the previous previous year year of of £607,053. £607,053. This This was was caused caused mainly mainly by by the the reduction reduction in in income. income. Total income received in the year was £695,820, down by £523,749 compared to £1,219,568 in the previous year. This difference can be mainly attributed to the £512,507 in Grants and Donations that were received in the previous year for the rewilding on Pentwyn Farm. Total income received in the year was £695,820, down by £523,749 compared to £1 ,219,568 in the previous year. This difference can be mainly attributed to the £512,507 in Grants and Donations that were received in the previous year for the rewilding on Pentwyn Farm.

Memberships income was up marginally from £27,680 to £30,961. Legacy income however dropped from £26,453 to £12,563. Generous bequests remain core to the long-term viability of RWT, as these funds allow for the expansion of conservation work as well as financial support of core costs not covered by grant income. Legacy income however dropped from £26,453 to Generous bequests remain core to the long-term viability of RWT, as these funds allow for the expansion of conservation Memberships income was up marginally from £27,680 to £30,961. £12,563. work as well as financial support of core costs not covered by grant income.

Expenditure for the year was £831,175 compared to £652,541 in the previous year. The previous year figure included £53,483 Loss on the Sale of the Pentwyn Farmhouse. This figure is excluded from the comparison. Expenditure therefore increased by £232,117. This increase can mostly be attributed to the increase in Reserve staff, materials, equipment, educational, field and reserve, and professional consultancy expenses incurred on Projects funded by the grants received in the previous year(s) and this year. At the end of the year, the balance of restricted funds (restricted income funds) on hand for projects was £497,584. The value of investments reduced by £9,444 from £527,552 to £518,108. This is a reflection of the unstable markets in 2024. reserve, and professional consultancy expenses incurred on Projects funded by the grants received in the previous in 2024. Expenditure for the year was £831,175 compared to £652,541 in the previous year. The previous year figure included This figure is excluded from the comparison. Expenditure therefore increased by £232,117. This increase can mostly be attributed to the increase in Reserve staff, materials, equipment, educational, field and year(s) and this year. At the end of the year, the balance of restricted funds (restricted income funds) on hand for projects was £497,584. The value of investments reduced by £9,444 from £527,552 to £518,108. This is a reflection of the unstable markets £53,483 Loss on the Sale of the Pentwyn Farmhouse.

Reserves Reserves policy policy At At the the year year end end total total funds funds amounts amounts to to £3,471,412 £3,471,412 (2024: (2024: £3,616,211), £3,616,211), of of this this balance balance restricted restricted funds funds amounted amounted to to £2,594,447 £2,594,447 (2024: (2024: £2,633,520). £2,633,520).

At At the the year year end end £551,465 £551,465 (2024: (2024: £571,434) £571,434) of of reserves reserves were were held held in in the the designated designated fund. fund. Funds Funds have have been been designated designated for for the the following following purposes: purposes: 6 6 months months of of operating operating costs costs £177,465 £177,465 Redundancy Redundancy and and Wind-up Wind-up costs costs £124,000 £124,000 Emergency Emergency including: including: Storm Storm and and Fire Fire Damage Damage £150,000 £150,000 Ash Ash dieback dieback £100,000 £100,000 £551,465 £551,465 Included on the balance sheet at the year end are tangible fixed assets of £2,326,637 (2024: £2,438,185) and investments of of £518,108 £518,108 (2024: (2024: £527,552). £527,552). Included on the balance sheet at the year end are tangible fixed assets of £2,326,637 (2024: £2,438,185) and investments

At 31 March 2025, the balance held in the unrestricted and designated reserve fund was £876,965, of this balance free reserves, being total unrestricted funds less the value held in tangible fixed assets and designated funds, was £93,708. At 31 March 2025, the balance held in the unrestricted and designated reserve fund was £876,965, of this balance free reserves, being total unrestricted funds less the value held in tangible fixed assets and designated funds, was £93,708.

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report of the Trustees for the Year Ended 31 March 2025 Re ort of the Trustees for the Year Ended 31 March 2025

FUTURE PLANS Plans and progress towards RWT's 2030 strategy As we progress through 2025 and beyond, we aim to focus all our efforts on restoring nature in Radnorshire. To be successful, we need a strong, focused and energetic team with a good mix of experience, skills and perspectives. With a new CEO in place, we look forward to RWT's staff team continuing to increase its impact on the ground. As well as a strong and stable team supported by our trustees, volunteers and other partners, the Trust needs to strengthen its financial position to ensure a level of sustainable income in future. While we have been successful in attracting project funding in recent years, unrestricted donations that keep our organisation alive have been difficult to come by. There will be increasing focus on the latter in the years ahead with new initiatives such as a Patrons’ Circle and a more structured approach to legacy giving which has been so important to the Trust over the years. We received over £12,000 in legacies over the year for which we are very grateful. At the time of writing, we have applied for significant continuation funding for two of our key projects - the Wilder Lugg (catchment scale restoration) and Pentwyn (connecting people with nature and food/farming). We hope to include some species reintroduction projects into RWT's work in the coming years. It is exciting to see wildlife camera footage of otters and pine martens start to be regular features on our social media feeds. The three pillars of our five-year strategy are always at the forefront on our minds: Restoring Nature, Inspiring People, and Mitigating Against Climate Change. All our activity can be linked to one or more of these strategic goals, but we need to improve the way we collect data, monitor and report. We will continue to work closely with our advocacy colleagues at Wildlife Trust Wales to ensure the forthcoming Sustainable Farming Scheme is appropriately funded so that farming in Radnorshire and the rest of Wales is managed in a sustainable, nature-friendly way that embeds climate resilience. While RWT will ensure that our 18 reserves are havens for wildlife, we recognise this alone will not come close to reversing nature's decline. We will do whatever is in our power to encourage all farmers and other landowners to increase the focus on nature restoration in the way they manage their land, with proper financial incentives to support this crucial transition. We are a small charity with big ambitions, and we remain optimistic. While tackling global climate change can feel overwhelming, the people of Radnorshire have the power to reverse the huge post-war declines we have seen in our wildlife. The support of our amazing members, volunteers and partners whose passion and generosity fuel our work is heartening and convinces us that we can make a difference. It is an exciting time for RWT with so many opportunities to deliver on our mission. There will always be challenges with political and economic influences pushing the Trust off course from time to time, but with your support, we will continue to work hard to ensure nature thrives once again in Radnorshire. To be to come by. There will be increasing focus on the latter in the years ahead with new initiatives such as a Patrons' Circle Lugg (catchment scale restoration) and Pentwyn (connecting people with nature and food/farming). We hope to The three pillars of our five-year strategy are always at the forefront on our minds: Restoring Nature, Inspiring People, with political and economic influences pushing the Trust off course from time to time, but with your support, we will FUTURE PLANS strengthen its financial position to ensure a level of sustainable income in future. While we have been successful in attracting project funding in recent years, unrestricted donations that keep our organisation alive have been difficult and a more structured approach to legacy giving which has been so important to the Trust over the years. We received over £12,000 in legacies over the year for which we are very grateful. include some species reintroduction projects into RWT's work in the coming years. It is exciting to see wildlife camera footage of otters and pine martens start to be regular features on our social media feeds. and Mitigating Against Climate Change. need to improve the way we collect data, monitor and report. We are a small charity with big ambitions, and we remain optimistic. While tackling global climate change can feel overwhelming, the people of Radnorshire have the power to reverse the huge post-war declines we have seen in our It is an exciting time for RWT with so many opportunities to deliver on our mission. continue to work hard to ensure nature thrives once again in Radnorshire. Plans and progress towards RWT's 2030 strategy As we progress through 2025 and beyond, we aim to focus all our efforts on restoring nature in Radnorshire. successful, we need a strong, focused and energetic team with a good mix of experience, skills and perspectives. With a new CEO in place, we look forward to RWTs staff team continuing to increase its impact on the ground. As well as a strong and stable team supported by our trustees, volunteers and other partners, the Trust needs to At the time of writing, we have applied for significant continuation funding for two of our key projects - the Wilder All our activity can be linked to one or more of these strategic goals, but we There will always be challenges We will continue to work closely with our advocacy colleagues at Wildlife Trust Wales to ensure the forthcoming While RWT will ensure that our 18 reserves are We will do whatever is in our power to encourage all farmers and other landowners to increase the focus on nature restoration in the way they Sustainable Farming Scheme is appropriately funded so that farming in Radnorshire and the rest of Wales is managed in a sustainable, nature-friendly way that embeds climate resilience. havens for wildlife, we recognise this alone will not come close to reversing nature's decline. manage their land, with proper financial incentives to support this crucial transition. wildlife. The support of our amazing members, volunteers and partners whose passion and generosity fuel our work is heartening and convinces us that we can make a difference.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Radnorshire Wildlife Trust Limited (hereinafter called RWT) is a company limited by guarantee and does not have a share capital. It is 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 liable, on the company being wound up, to contribute such a sum as may be required, not exceeding £l .00 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Radnorshire Wildlife Trust Limited (hereinafter called RWT) is a company limited by guarantee and does not have a share capital. It is 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 liable, on the company being wound up, to contribute such a sum as may be required, not exceeding El ‚00

Method of Recruiting and Appointing of Council Members Every effort is made to ensure that those who are elected or appointed as Council Members have the skills and experience appropriate to the needs and responsibilities required for management of the charity. Every effort is made to ensure that those who are elected or appointed as Council Members have the skills and experience appropriate to the needs and responsibilities required for management of the charity. Method of Recruiting and Appointing of Council Members

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report of the Trustees for for the the Year Year Ended Ended 31 31 March March 2025 2025 Re ort of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Council of Management meets every two months and is responsible for the strategic direction and policy of the charity. The day-to-day responsibility for the management of the charity is with the Chief Executive Officer and staff. Details of present Council Members and Management are given in the legal and administration information. Council of Management (Board of Trustees) The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles, and throughout the Report are collectively referred to as Council Members. The Council Members who served during the year and up to the date of this Report are given on page 9. The affairs of the charity are managed by the Council of Management and by the committees and sub-committees to the extent that such duties shall be delegated to them by the Council. The Council should comprise: STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Council of Management meets every two months and is responsible for the strategic direction and policy of the charity. The day-to-day responsibility for the management of the charity is with the Chief Executive Officer and staff. Details of present Council Members and Management are given in the legal and administration information. The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles, year and up to the date of this Report are given on page 9. The affairs of the charity are managed by the Council of Management and by the committees and sub-committees to The Council should comprise: and throughout the Report are collectively referred to as Council Members. The Council Members who served during the the extent that such duties shall be delegated to them by the Council. Council of Management (Board of Trustees)

a) The Officers of the Trust. The Officers shall consist of the Chairman, Vice Chairman, Secretary and Treasurer. The officers are elected annually at the Annual General Meeting and are eligible for re-election except for the Chairman, who will not be eligible for re-election after the completion of four years in office unless the nomination thereof is supported by not less than three-quarters of the members of Council. who will not be eligible for re-election after the completion of four years in office unless the nomination thereof is supported by not less than three-quarters of the members of Council. a) The Officers of the Trust. The Officers shall consist of the Chairman, Vice Chairman, Secretary and Treasurer. The officers are elected annually at the Annual General Meeting and are eligible for re-election except for the Chairman,

b) Chairmen of Committees. c) Elected Members. Not more than twelve Members of the Trust or such other number as may be determined at the Annual General Meeting, who shall be elected by the Members at the Annual General Meeting. d) Co-opted Members. Not more than six members to be co-opted by the Council for the term and purposes determined thereby. The number of co-opted members should never exceed half of the number of elected members. Induction and training of new trustees Induction packs are provided for new Council Members, which include Charity Commission guidance on being a trustee, together with appropriate information to convey the objectives and activities of the charity. Council Members will be invited to attend appropriate training seminars, details of which will be circulated from time to time. Key management remuneration The remuneration of senior staff is reviewed annually by the Trustees. In determining appropriate salaries, benchmarking data from The Wildlife Trusts’ national salary framework and local charity sector comparisons are taken into account, as well as the financial position of the Trust. Pay scales are aligned with organisational size and capacity, recognising that the Trust operates within a distinct regional context compared to larger Wildlife Trusts in the UK. Related parties The Charity is a member of the Wildlife Trusts Partnership (registered as the Royal Society of Wildlife Trusts, registered charity number 207238), which acts as an umbrella body carrying out lobbying and public relations on behalf of all Wildlife Trusts. Partners have the use of the Wildlife Trusts logo and benefit from the resources, best practice, and specialist experience of other member trusts. Membership gives the charity a national voice and profile, as well as respectability by association for those familiar with its work. However, each member of the partnership remains entirely independent in terms of governance. The Charity is also a member of the Wildlife Trusts Wales (Registered Charity No 1045167), an organisation for the five Welsh Wildlife Trusts that fosters co-operative working amongst the Trusts and represents them at a national level in Wales and the UK. However, each member Trust remains entirely independent in terms of governance. b) Chairmen of Committees. d) Co-opted Members. Not more than six members to be co-opted by the Council for the term and purposes determined thereby. The number of co-opted members should never exceed half of the number of elected members. Induction packs are provided for new Council Members, which include Charity Commission guidance on being a trustee, together with appropriate information to convey the objectives and activities of the charity. Council Members will be invited to attend appropriate training seminars, details of which will be circulated from time to time. Key management remuneration The remuneration of senior staff is reviewed annually by the Trustees. In determining appropriate salaries, benchmarking data from The Wildlife Trusts' national salary framework and local charity sector comparisons are taken recognising that the Trust operates within a distinct regional context compared to larger Wildlife Trusts in the UK. Related parties The Charity is a member of the Wildlife Trusts Partnership (registered as the Royal Society of Wildlife Trusts, registered charity number 207238), which acts as an umbrella body carrying out lobbying and public relations on behalf of all Wildlife Trusts. Partners have the use of the Wildlife Trusts logo and benefit from the resources, best practice, and respectability by association for those familiar with its work. However, each member of the partnership remains entirely independent in terms of governance. The Charity is also a member of the Wildlife Trusts Wales (Registered Charity No 1045167), an organisation for the five Welsh Wildlife Trusts that fosters co-operative working amongst the Trusts and represents them at a national level in Wales and the UK. However, each member Trust remains entirely independent in terms of governance. c) Elected Members. Not more than twelve Members of the Trust or such other number as may be determined at the Annual General Meeting, who shall be elected by the Members at the Annual General Meeting. Pay scales are aligned with organisational size and capacity, Induction and training of new trustees into account, as well as the financial position of the Trust. specialist experience of other member trusts. Membership gives the charity a national voice and profile, as well as

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Rep ort of the Trustees for for the the Year Year Ended Ended 31 31 March March 2025 2025 Re ort of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Council Members have reviewed the Risk Register to ensure major risks to the Charity are identified, and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure they still meet the needs of the Charity. Risk management controls are in place to provide reasonable assurance against fraud and error. STRUCTURE, GOVERNANCE AND MANAGEMENT The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate The Council Members have reviewed the Risk Register to ensure major risks to the Charity are identified, and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure they still meet the needs of the Charity.

Serious Incidents During the year ended 31 March 2025 no serious incident arose within the Charity that could significantly harm its property, work, beneficiaries, or reputation. Serious Incidents During the year ended 31 March 2025 no serious incident arose within the Charity that could significantly harm its property, work, beneficiaries, or reputation.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02132736 (England and Wales) REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02132736 (England and Wales)

Registered Charity number 519021 Registered office Warwick House High Street Llandrindod Wells Powys LD1 6AG Registered Charity number Registered office High Street 519021 Llandrindod Wells Powys LD1 6AG Warwick House

Trustees Trustees {hgfggficgfsfiangmggumgof‘AAagnagemgni‘seMQg-fiwjngmm TheOfficers and Council ofManagement serving during the year_were.as ___ . follows:

Gafyn Gafyn Blakeway Blakeway

Joss Joss Garman Garman

Leigh Harling-Bowen Edmund Hayward (Honorary Secretary) Sue Holden (Chair) Chris Ledbury Resigned October 2024 Jen Newman Bill Stow (Honorary Treasurer) Richard Thomas Rosie Wood Richard Thomas Leigh Harling-Bowen Edmund Hayward (Honorary Secretary) (Chair) Chris Ledbury Resigned October 2024 Jen Newman Bill Stow (Honorary Treasurer) Sue Holden Rosie Wood

Chief Executive Officer James Hitchcock (resigned 31 October 2024) Victoria Victoria Heffer Heffer (appointed (appointed 6 6 January January 2025) 2025) Chief Executive Officer James Hitchcock (resigned 31 October 2024)

Company Secretary E R Hayward Company Secretary E R Hayward

Auditors Thorne Widgery Accountancy Ltd Chartered Accountants Statutory Auditors Auditors Thorne Widgery Accountancy Ltd Chartered Accountants Statutory Auditors

2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7BS 2 Wyevale Business Park HR4 7BS Hereford Herefordshire Kings Acre

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Report of the Trustees for the Year Ended 31 March 2025 Re ort of the Trustees for the Year Ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS Honorary Legal Advisor David T Lloyd H V Vaughan & Co Solicitors Manchester House, High Street Builth Wells Powys LD2 3AD Honorary Legal Advisor Manchester House, David T Lloyd H V Vaughan & Co Solicitors High Street Builth Wells Powys LDZ 3AD REFERENCE AND ADMINISTRATIVE DETAILS

Bankers Barclays Bank plc Leicester LE87 2BB Bankers Barclays Bank plc Leicester LE87 ZBB

Investment Managers CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ London Investment Managers CCLA Investment Management Ltd 80 Cheapside EC2V óDZ

STATEMENT OF TRUSTEES’ RESPONSIBILITIES The trustees (who are also the directors of The Radnorshire Wildlife Trust Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to The trustees (who are also the directors of The Radnorshire Wildlife Trust Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. STATEMENT OF TRUSTEES' RESPONSIBILITIES

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

==> picture [164 x 16] intentionally omitted <==

----- Start of picture text -----
..... ・ ........
E ERHayward- RHayward Trustee) Trustee 00
----- End of picture text -----

Rep ort of the Indep endent Auditors to the Members of The Radnorshire Wildlife Trust Ltd Re ort of the Inde endent Auditors to the Members of The Radnorshire Wildlife Trust Ltd

Basis Basis for for opinion opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. We are independent of the charitable company in accordance with the ethical and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the Conclusions relating to going concern We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our statements section of our report. requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements. Other information obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or the financial statements themselves. If, based on the work we have performed, we conclude that there is a material In our opinion, based on the work undertaken in the course of the audit: The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge Opinions on other matters prescribed by the Companies Act 2006 - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements. apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of The Radnorshire Wildlife Trust Ltd Re ort of the Inde endent Auditors to the Members of The Radnorshire Wildlife Trust Ltd

Responsibilities Responsibilities of of trustees trustees

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

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

Rep ort of the Indep endent Auditors to the Members of The Radnorshire Wildlife Trust Ltd Re ort of the Inde endent Auditors to the Members of The Radnorshire Wildlife Trust Ltd

Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Fraud and breaches of laws and regulations - ability to detect Identifying and responding to risks of material misstatement due to fraud To identify risks of material misstatement due to fraud ("fraud risks") we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included: o Enquiring of trustees, the finance committee and inspection of policy documentation as to the Charity's high-level policies and procedures to prevent and detect fraud as well as whether they have knowledge of any actual, suspected or alleged fraud. o Reading Trustees’ meetings and finance committee minutes. o Considering performance targets for management. We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit. As required by auditing standards, and taking into account our overall knowledge of the control environment, we perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries. On this audit we do not believe there is a fraud risk related to revenue recognition because the revenue is non-judgemental and straightforward, with limited opportunity for manipulation. influence the economic decisions of users taken on the basis of these financial statements. We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Fraud and breaches of laws and regulations - ability to detect Identifying and responding to risks of material misstatement due to fraud To identify risks of material misstatement due to fraud ("fraud risks") we assessed events or conditions that could procedures included: 0 Enquiring of trustees, the finance committee and inspection of policy documentation as to the Charity's high-level policies and procedures to prevent and detect fraud as well as whether they have knowledge of any actual, suspected or alleged fraud. 0 Reading Trustees“ meetings and finance committee minutes. 0 Considering performance targets for management. As required by auditing standards, and taking into account our overall knowledge of the control environment, we perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries. On this audit we do not believe there is a fraud risk related to revenue recognition because the revenue is non-judgemental and straightforward, with limited opportunity for manipulation. Our responsibilities for the audit of the financial statements our opinion. accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment throughout the audit.

We did not identify any additional fraud risks. We performed procedures including identifying journal entries to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted by finance management/ those posted and approved by the same user/ those posted to unusual accounts. Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with management (as required by auditing standards) and discussed with management the policies and procedures regarding compliance with laws and regulations. We did not identify any additional fraud risks. We performed procedures including identifying journal entries to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted by finance management/ those posted and approved by the same user/ those posted to unusual accounts. statements from our general commercial and sector experience, and through discussion with management (as required by auditing standards) and discussed with management the policies and procedures regarding compliance with laws and Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial regulations.

We communicated identified laws and regulations throughout our team and remained alert to any indications of noncompliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the Charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, taxation legislation and the Charities Act legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Charity is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or the loss of the Charity's license to operate. We identified the following areas as those most likely to have such an effect: health and safety, anti-bribery, employment law, data protection, anti-money laundering and specific areas of other legislation recognising the nature of the Charity's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of management, inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. We communicated identified laws and regulations throughout our team and remained alert to any indications of noncompliance throughout the audit. specific areas of other legislation recognising the nature of the Charity's activities. Firstly, the Charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, taxation legislation and the Charities Act legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Charity is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or the loss of the Charity's license to operate. We identified the following areas as those most likely to have such an effect: health and safety, anti-bribery, employment law, data protection, anti-money laundering and regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. The potential effect of these laws and regulations on the financial statements varies considerably. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of management, inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational

Report Re ort of of the the Independent Inde endent Auditors Auditors to to the the Members Members of of The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Context Context of of the the ability ability of of the the audit audit to to detect detect fraud fraud or or breaches breaches of of law law or or regulation regulation Owing Owing to to the the inherent inherent limitations limitations of of an an audit, audit, there there is is an an unavoidable unavoidable risk risk that that we we may may not not have have detected detected some some material material misstatements misstatements in in the the financial financial statements, statements, even even though though we we have have properly properly planned planned and and performed performed our our audit audit in in accordance accordance with with auditing auditing standards. standards. For For example, example, the the further further removed removed non-compliance non-compliance with with laws laws and and regulations regulations is is from from the the events events and and transactions transactions reflected reflected in in the the financial financial statements, statements, the the less less likely likely the the inherently inherently limited limited procedures procedures required required by by auditing auditing standards standards would would identify identify it. it.

In In addition, addition, as as with with any any audit, audit, there there remained remained a a higher higher risk risk of of non-detection non-detection of of fraud, fraud, as as these these may may involve involve collusion, collusion, forgery, forgery, intentional intentional omissions, omissions, misrepresentations, misrepresentations, or or the the override override of of internal internal controls. controls. Our Our audit audit procedures procedures are are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use Use of of our our report report

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

Lisa Lisa Weaver Weaver FCCA FCCA (Senior (Senior Statutory Statutory Auditor) Auditor) for for and and on on behalf behalf of of Thorne Thorne Widgery Widgery Accountancy Accountancy Ltd Ltd Chartered Chartered Accountants Accountants Statutory Statutory Auditors Auditors 2 Z Wyevale Wyevale Business Business Park Park Kings Kings Acre Acre Hereford Hereford Herefordshire Herefordshire HR4 HR4 7BS 7BS

Date: ..”LELLÚLS.......................... Date: MANNS. coeceeeesscccsesteeecesssees

31.3.25
31.3.25		 31.3.24
31.3.24
Unrestricted
funds
Unrestricted
funds		 Designated
funds
Designated
funds		 Restricted
funds
Restricted
funds		 Total
funds
Total
funds		 Total
funds
Total
funds
Notes
Notes		 £
£		 £
£		 £
£		 £ £
INCOME AND ENDOWMENTS
INCOME AND ENDOWMENTS
FROM
FROM
Donations and legacies
Donations and legacies		 2
2		 66,901
66,901		 - 507,620
507,620		 574,521
574,521		 1,089,984
1,089,984
Charitable activities
Charitable activities		 5
5
Protecting wildlife in
Protecting wildlife in
Radnorshire
Radnorshire		 65,703
65,703		 - - 65,703
65,703		 77,245
77,245
Other trading activities
Other trading activities		 3
3		 3,565
3,565		 - . 3,565
3,565		 6,786
6,786
Investment income
Investment income		 4
4		 40,035
40,035		 - - 40,035
40,035		 36,695
36,695
Other income
Otherincome		 11,996
11,996		 : : 11,996
__11,996		 8,858
—__8,858
Total
Total		 188,200
188,200		 - 507,620
507,620		 695,820
695,820		 1,219,568
1,219,568
EXPENDITURE ON
EXPENDITURE ON
Raising funds
Raising funds		 6 2,327
2,327		 - 54 —
2,381
Charitable activities
Charitable activities		 7
Protecting wildlife in
Protecting wildlife in
Radnorshire
Radnorshire		 282,155
282,155		 : 546,639
__ 546,639		 828,794
__828,794		 646,774
__
646,774
Total
Total		 284,482
284,482		 - 546,693
546,693		 831,175
831,175		 652,541
652,541
Net gains/(losses) on
investments
Net gains/(losses) on
investments		 (9,444)
(9,444)		 : : 9,444)
(9,444)		 40,026
40,026
NET INCOME/(EXPENDITURE)
Transfers between funds
NET INCOME/(EXPENDITURE)
Transfersbetweenfunds		 21
21		 (105,726)
19,969
(105,726)
19,969		 19,969)
-
__(19,969)		 (39,073)
(39,073)
ee		 (144,799)
(144,799)
ee		 607,053
607,053
ee
Net movement in funds
Net movement in funds		 (85,757)
(85,757)		 (19,969)
(19,969)		 (39,073)
(39,073)		 (144,799)
(144,799)		 607,053
607,053
RECONCILIATION OF FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds brought forward		 411,257
411,257		 571,434
571,434		 2,633,520
2,633,520		 3,616,211
3,616,211		 3,009,158
3,009,158
TOTAL FUNDS CARRIED
TOTAL FUNDS CARRIED
FORWARD
FORWARD		 325,500
325,500		 551,465
551,465		 2,594,447
2,594,447		 3,471,412
3,471,412		 3,616,211
3,616,211

CONTINUING OPERATIONS =o SS SSes Alt All income …comeand and expendlture expenditure has has arisen ansen from from continuing contmumg act1v1t1es activities.

Balance Sheet 31 March 2025 Balance Sheet 31 March 2025

‥
Balance Sheet
31 March 2025
Balance Sheet
31 March 2025
31.3.25
31.3.25		 31.3.24
31.3.24
Notes
Notes		 £
£		 £
£
FIXED ASSETS
FIXED ASSETS
Intangible assets
Intangible assets		 13
13		 2,018
2,018		 2,018
2,018
Tangible assets
Tangible assets		 14
14		 433,315
433,315		 454,863
454,863
Tangible assets - Nature Reserves
Tangible assets - Nature Reserves		 15
15		 1,893,322
1,893,322		 1,893,322
1,893,322
Investments
Investments		 16
16		 518,108
518,108		 527,552
527,552
2,846,763
2,846,763		 2,877,755
2,877,755
CURRENTASSETS
CURRENT ASSETS
Stocks
Debtors
Stocks
Debtors		 17
18
17
18		 189,435
:
189,435		 857
92,291
857
92,291
Cash at bank
Cash at bank		 484,222
484,222		 679,853
679,853
673,657
673,657		 773,001
773,001
CREDITORS
CREDITORS
Amounts falling due within one year
Amounts falling due within one year		 19
19		 (49,008)
(49,008)		 (34,545)
(34,545)
NET CURRENTASSETS
NETCURRENT ASSETS		 624,649
624,649		 738,456
738,456
TOTAL ASSETS LESS CURRENT LIABILITIES 3,471,412
3,471,412		 3,616,211
3,616,211
NET ASSETS
NET ASSETS		 3,471,412
3,471,412		 3,616,211
3,616,211
FUNDS
FUNDS		 21
Unrestricted funds
Restricted funds
Unrestricted
funds
Restricted funds		 oe
~ 876,965.		 _
-___-982,694-
TOTAL FUNDS
TOTALFUNDS

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on i vale PAWS. …に ........................... cccccccscescesctecceees and and were were signed signed on on its its behalf behalf by: by: The mfinancial statements were approved by the Board of Trustees and authorised for issue on

---------------------- .. 低・・・・・・~・・ー・・・・・・'・・〝岬 E R R Hayward Hayward - Trustee Trustee

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Cash Flow Statement for for the‘YearEnded the Year Ended 31' 31 "March'2025'" March 2025

Cash flows from operating activities
Cash flows from operating activities
Cash generated from operations
Cash generated from operations		 1
1		 219,054)
(219,054)		 122,536
__122,536
Net cash (used in)!provided by operating
Net cash (used in)/provided by operating		 activities
activities		 219,054)
(219,054)		 122,536
122,536
Cash flows from investing activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Sale of fixed asset investments
Purchase of tangible fixed assets
Sale of tangible fixed assets
Sale of fixed asset investments		 -
-
-		 (6,882)
342,158
100,000
(6,882)
342,158
100,000
Interest received
Interest received		 23,423
23,423		 20,349
___20,349
Net cash provided by investing activities
Net cash provided by investing activities		 23,423
23,423		 455,625
455,625
Change in cash and cash equivalents in
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
the reporting period
Cash and cash equivalents at the		 (195,631)
(195,631)		 578,161
578,161
beginning of the reporting period
beginning ofthe reporting period		 679,853
679,853		 101,692
101,692
Cash and cash equivalents at the end of
Cash and cash equivalents at the end of
the reporting period
the reporting period		 484,222
484,222		 679,853
679,853

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Cash Cash Flow Flow Statement Statement

for
for		 the
the		 Year Ended 31 March 2025
Year Ended 31 March 2025
1.
1.		 RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH		 FLOW FROM
FLOW FROM		 OPERATING
OPERATING
ACTIVITIES
ACTIVITIES
31.3.25
31.3.25		 31.3.24
31.3.24
£
£		 £
£
Net (expenditure)/income for the reporting period (as per the
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Statement of Financial Activities)		 (144,799)
(144,799)		 607,053
607,053
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Loss on disposal of fixed assets
Interest received
Decrease in stocks
(		 ncrease)/decrease in debtors
Increase!(decrease) in creditors
Net cash (used in)/provided byoperations
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Loss on disposal of fixed assets
Interest received
Decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided byoperations		 21,549
9,444
-
(23,423)
857
(97,144)
14,462
219,054)
21,549
9,444
-
(23,423)
857
(97,144)
14,462
(219,054)
2. ANALYSIS OF CHANGES IN NET FUNDS
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
At 1.4.24		 Cash flow
Cash flow		 At 31.3.25
At 31.3.25
£
£		 £
£		 £
£
Net cash
Net cash
Cash at bank and in hand
Cash at bank and in hand		 679,853
679,853		 (195,631)
(195,631)		 484,222
484,222
679,853
679,853		 (195,631)
(195,631)		 484,222
484,222
Total 679,853
679,853		 195,631
(195,631)		 484,222
484,222

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements for for the the Year Year Ended Ended 31 31 March March 2025 2025

    1. ACCOUNTING ACCOUNTING POLICIES POLICIES Basis Basis of of preparing preparing the the financial financial statements statements The The financial financial statements statements of of the the charitable charitable company, company, which which is is a a public public benefit benefit entity entity under under FRS FRS 102, 102, have have been been prepared prepared in in accordance accordance with with the the Charities Charities SORP SORP (FRS (FRS 102) 102) 'Accounting ‘Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of of Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the'Financial the Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102) 102) (effective (effective 1 1 January January 2019)’, 2019)', Financial Financial Reporting Reporting Standard Standard 102 102 ‘The 'The Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of of Ireland“ Ireland’ and and the the Companies Companies Act Act 2006. 2006. The The financial financial statements statements have have been been prepared prepared under under the the historical historical cost cost convention, convention, with with the the exception exception of of investments investments which which are are included included at at market market value, value, as as modified modified by by the the revaluation revaluation of of certain certain assets. assets.

Going Going concern concern The The Trustees Trustees have have assessed assessed whether whether the the use use of of the the going going concern concern basis basis is is appropriate appropriate particularly particularly after after taking taking account account of of the the impact impact of of the the current current external external financial financial environment. environment. They They have have re-assessed re-assessed the the business business plans, plans, income income and and expenditure expenditure projections, projections, and and taken taken the the Charity's Charity's reserve reserve levels levels into into account. account. Their Their conclusion conclusion is is that that there there is is no no doubt doubt about about the the Charity's Charity's ability ability to to continue continue operating operating as as a a going going concern. concern. The Trustees have made this assessment for a period of a least one year from the date of approving the financial statements and are assured that the Charity has adequate resources to continue to operate for the foreseeable future. The Trustees have made this assessment for a period of a least one year from the date of approving the financial future. statements and are assured that the Charity has adequate resources to continue to operate for the foreseeable

The Charity therefore continues to adopt the going concern basis in preparing its financial statements.concern. Income Income Income, including voluntary income, grants and investment income, is recognised in the SOFA when the Charity becomes entitled to it, it is more likely than not that the income will be received, and the monetary value of the income can be estimated with sufficient accuracy. Entitlement to legacy income is assumed when there is sufficient evidence that a gift has been left to the Charity, usually through the notification of a Will. Receipt of legacy income is deemed probable when there has been a grant of probate, and it has been established that there are sufficient assets in the estate to pay the legacy and there are no conditions attached to the legacy that are outside the control of the Charity or uncertainty around the receipt of the gift. Income from pecuniary legacies is recognised upon notification or receipt receipt if if earlier. earlier. Entitlement to legacy income is assumed when there is sufficient evidence that a gift has been left to the Charity, usually through the notification of a Will. has been a grant of probate, and it has been established that there are sufficient assets in the estate to pay the The Charity therefore continues to adopt the going concern basis in preparing its financial statements.concern. Receipt of legacy income is deemed probable when there the income can be estimated with sufficient accuracy. Income, including voluntary income, grants and investment income, is recognised in the SOFA when the Charity becomes entitled to it, it is more likely than not that the income will be received, and the monetary value of legacy and there are no conditions attached to the legacy that are outside the control of the Charity or uncertainty around the receipt of the gift. Income from pecuniary legacies is recognised upon notification or

Revenue grants in respect of specific contracts are credited to the SOFA in the period in which the expenditure is incurred. Donated Donated services services and and facilities facilities Donated Donated professional professional services services and and donated donated facilities facilities are are recognised recognised as as income income when when the the charity charity has has control control over over the the item, item, any any conditions conditions associated associated with with the the donated donated item item have have been been met, met, the the receipt receipt of of economic economic benefit benefit from from the the use use by by the the charity charity of of the the item item is is probable probable and and that that economic economic benefit benefit can can be be measured measured reliably. reliably. In In accordance accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised, refer to the trustees’ annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Expenditure Expenditure Liabilities Liabilities are are recognised recognised as as expenditure expenditure as as soon soon as as there there is is a a legal legal or or constructive constructive obligation obligation committing committing the the charity charity to to that that expenditure, expenditure, it it is is probable probable that that a a transfer transfer of of economic economic benefits benefits will will be be required required in in settlement settlement and and the the amount amount of of the the obligation obligation can can be be measured measured reliably. reliably. Expenditure Expenditure is is accounted accounted for for on on an an accruals accruals basis basis and and has has been been classified classified under under headings headings that that aggregate aggregate all all cost cost related related to to the the category. category. Where Where costs costs cannot cannot be be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Revenue grants in respect of specific contracts are credited to the SOFA in the period in which the expenditure is incurred. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure with the Charities SORP (FRS 102), the general volunteer time is not recognised, refer to the trustees’ annual report for more information about their contribution. in the period of receipt. use of resources. directly attributed to particular headings they have been allocated to activities on a basis consistent with the

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Notes to the Financial Statements - continued for the Year Ended 31 March 2025

  1. ACCOUNTING POLICIES - continued Raising funds Cost of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. Governance costs Governance costs include those incurred in the governance of the trust and its assets and are primarily associated with constitutional and statutory requirements. 1. ACCOUNTING POLlCIES - continued Raising funds Cost of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. Governance costs Governance costs include those incurred in the governance of the trust and its assets and are primarily associated with constitutional and statutory requirements.

Goodwill Basic payment scheme, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years. Tangible assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Depreciation is provided at the following annual rates to write off each asset over its estimated useful life: Field Field Plant Plant and and Equipment Equipment 10% 10% on on Cost Cost Motor Motor Vehicles Vehicles 10% 10% on on Cost Cost Furniture Furniture and and Equipment Equipment 10% 10% on on Cost Cost Computer Computer Equipment Equipment 25% 25% on on Cost Cost No No depreciation depreciation has has been been provided provided on on freehold freehold buildings. buildings. Council Council Members Members are are of of the the opinion opinion that that freehold freehold buildings buildings will will have have an an extended extended useful useful life life of of over over 50 50 years years and and that that any any resulting resulting charge charge to to depreciation depreciation is is immaterial. immaterial. The The provisions provisions of of Financial Financial Reporting Reporting Standard Standard 15 15 were were not not applied applied to to Freehold Freehold Property Property and and under under FRS FRS 102, 102, they they will will continue continue to to be be re-valued re-valued by by a a professional professional valuer valuer every every five five years years from from the the date date of of acquisition acquisition with with an an impairment impairment review review every every three years three years after after each each revaluation. revaluation. Tangible Tangible assets assets - - nature nature reserves reserves Nature Nature Reserves Reserves including including property property gifted gifted to to the the Charity Charity were were professionally professionally re-valued re-valued by by Morgan Morgan & & Co Co on on 5 5 February February 1997 1997 on on the the basis basis of of freehold freehold vacant vacant possession, possession, subject subject to to certain certain restrictions. restrictions. These These valuations valuations have have been been adopted adopted as as the the historical historical cost cost under under the the transitional transitional provisions provisions of of the the Financial Financial Reporting Reporting Standard Standard 15. 15. Property Property improvements improvements subsequent subsequent to to the the valuations valuations are are capitalised capitalised and and carried carried in in the the balance balance sheet sheet at at historical historical cost. cost. The The Council Council Members Members are are of of the the opinion opinion that that Gilfach Gilfach Farmhouse Farmhouse as as a a Grade Grade 2 2 Listed Listed Building Building and and Gilfach Gilfach buildings buildings will will have have extended extended useful useful lives lives of of over over 50 50 years years and and that that any any resulting resulting charge charge to to depreciation depreciation is is immaterial. immaterial. Goodwill Basic payment scheme, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years. Tangible assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Depreciation is provided at the following annual rates to write off each asset over its estimated useful life:

The very long expected lives of other assets, due to their nature, value and need to be protected and preserved means that depreciation is not material and is not provided with the exception of Interpretation Equipment installed at Gilfach which is depreciated at 25% on Cost to write off over its estimated useful life. The very long expected lives of other assets, due to their nature, value and need to be protected and preserved means that depreciation is not material and is not provided with the exception of Interpretation Equipment installed at Gilfach which is depreciated at 25% on Cost to write off over its estimated useful life.

Stocks Stocks Stocks Stocks are are valued valued at at the the lower lower of of cost cost and and net net realisable realisable value, value, after after making making due due allowance allowance for for obsolete obsolete and and slow slow moving moving items. items. Taxation Taxation The The charity charity is is exempt exempt from from corporation corporation tax tax on on its its charitable charitable activities. activities.

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 1. ACCOUNTING POLICIES - continued Fund accounting Unrestricted Funds The general fund represents unrestricted funds available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Unrestricted Funds Fund accounting The general fund represents unrestricted funds available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated Funds Designated funds are unrestricted general funds earmarked by the trustees for particular purposes. Restricted Funds Restricted funds are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering and raising such funds are charged against the specific fund to which they relate. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Investments Investments are valued at mid-market price at the balance sheet date. Realised investment gains/losses represent the differences on sale of investments between the proceeds on sale and the opening market value and/or cost of additions in the period. Unrealised investment gains/losses represent the differences between the closing market value and the opening market value and/or cost of additions in the period. Debtors Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the SOFA as incurred. Designated Funds that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can after allowing for any trade discounts due. Creditors and provisions be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount Designated funds are unrestricted general funds earmarked by the trustees for particular purposes. Restricted Funds Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the Investments Investments are valued at mid-market price at the balance sheet date. Realised investment gains/losses represent the differences on sale of investments between the proceeds on sale and the opening market value and/or cost of additions in the period. Unrealised investment gains/losses represent the differences between the closing market value and the opening market value and/or cost of additions in the period. Debtors Cash at bank and in hand Creditors and provisions are recognised where the charity has a present obligation resulting from a past event Restricted funds are to be used in accordance with specific restrictions imposed by donors or which have been against the specific fund to which they relate. raised by the charity for particular purposes. The costs of administering and raising such funds are charged they relate. charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which are valued at the amount prepaid net of any discounts due. Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the SOFA as incurred.

2. 2. DONATIONS DONATIONS AND AND LEGACIES LEGACIES

==> picture [415 x 88] intentionally omitted <==

----- Start of picture text -----
31.3.25 31.3.24
£ £
Donations 63,853 239,349
Gift Aid 11,050 49,468
Legacies 12,563 26,453
Grants 456,094 747,034
Membership subscriptions 30,961 27,680
: 574,521 1,089,984
£
63,853
49,468
Legacies 12,563
£
11,050
30,961
574, 521 1,089, 984
31.3.25 31.3.24
Donations 239,349
Gift Aid
26,453
Grants 456,094 747,034
Membership subscriptions 27,680
----- End of picture text -----

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 continued for the Year Ended 31 March 2025 Notes to the Financial Statements

2. 2. DONATIONS DONATIONS AND AND LEGAClES LEGACIES - continued continued

£
£		 £
£
BanisterTrust
BanisterTrust		 -
-		 150,000
150,000
CAFWye Adapt to Climate Change
CAFWye Adapt to Climate Change		 37,642
37,642		 15,537
15,537
Ecological Restoration Funds
Ecological Restoration Funds		 -
-		 200,000
200,000
Friends of the UpperWye
Friends of the UpperWye		 - 25,351
25,351
HLF Jubilee Fund Next door nature
HLF Jubilee Fund Next door nature		 11,069
11,069		 43,761
43,761
John Ellerman Foundation Wye Now
Local Wildlife Sites Officer
John Ellerman Foundation Wye Now
Local Wildlife Sites Officer		 38,000
6,768
38,000
6,768		 38,000
19,864
38,000
19,864
NL(Stand for Nature)
NL(Stand for Nature)		 21,358
21,358		 63,629
63,629
NLHFWilder Pentwyn
NLHFWilder Pentwyn		 123,255
123,255		 37,176
37,176
NNF Grassland Mgt
NNF Grassland Mgt		 -
-		 1,380
1,380
NRW Closer to Nature
NRWCloser to Nature		 -
-		 11,878
11,878
NRW Peatland Restoration
NRW Peatland Restoration		 16,157
16,157		 10,554
10,554
Oak Foundation
Oak Foundation		 -
-		 41,500
41,500
Powys Local Nature Partnership
Powys Local Nature Partnership		 -
-		 1,419
1,419
PPL Pioneer Fund
Rewilding Britain Innovation Fund 2023-24
PPL Pioneer Fund
Rewilding Britain Innovation Fund 2023-24		 8,406
-
8,406
-		 10,971
5,741
10,971
5,741
River Action (Friends of the Upper Wye -FoUW)
River Action (Friends of the UpperWye -FoUW)		 -
-		 273
273
Swire Charitable Foundation
Swire Charitable Foundation		 -
-		 50,000
50,000
Wilder Lugg (Recovering our Rivers)
Wilder Lugg (Recovering our Rivers)		 50,000
50,000		 20,000
20,000
SPF Green Future Leaders
SPF Green Future Leaders		 54,982
54,982		 -
NNF3 - Gilfach
NNF3 - Gilfach		 58,183
58,183		 :
DRW Foundation
DRW Foundation		 30,274
30,274		 -
456,094
456,094		 747,034
747,034
OTHERTRADING ACTIVITIES
OTHERTRADING ACTIVITIES
31.3.25
31.3.25		 31 .3.24
31.3.24
£
£		 £
£
Fundraising receipts
Fundraising receipts		 1,183
1,183		 1,379
1,379
Sale of goods and refreshments
Sale of goods and refreshments		 2,382
2,382		 5,407
5,407
3,565
3,565		 6,786
6,786
INVESTMENT INCOME
INVESTMENT INCOME
31.3.25
31.3.25		 31.3.24
31.3.24
£
£		 £
£
Rents received
Rents received		 16,612
16,612		 16,346
16,346
Deposit account interest
Deposit account interest		 8,522
8,522		 9,968
9,968
Investment income
Investment income		 14,901
14,901		 10,381
10,381
40,035
40,035		 36,695
36,695

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025

5. 5. INCOME INCOME FROM FROM CHARITABLE CHARITABLE ACTIVITIES ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
INCOME FROM CHARITABLE ACTIVITIES
31.3.25 31.3.24
31.3.24
Activity
Grants
Protecting wildlife in Radnorshire
Activity
Grants
Protecting wildlife in Radnorshire		 £
64,256		 £
75,203
£
75,203
Fees, courses and events
Protecting wildlife in Radnorshire
Fees, courses and events
Protecting wildlife in Radnorshire		 1,447 2,042
2,042
65,703 77,245
77,245
Grants received, included in the above, are as follows:
Grants received, included in the above, are as follows:
31.3.25
31.3.25		 31.3.24
31.3.24
£ £
Welsh Government - Habitat Management Scheme / Glastir
Welsh Government - Basic Payment Scheme
Welsh Government - Organic Support
Welsh Government - HabitatManagement Scheme/ Glastir
Welsh Government - Basic PaymentScheme
Welsh Government - Organic Support		 18, 320
43, 504
2,432
18,320
43,504
2,432		 44,706
30,497
44,706
30,497
_-
64,256
64,256		 75,203
75,203
RAISING FUNDS
Raising donations and legacies
Raising donations and legacies
312705 aaa
ne £
Fund Eating—costs
Fund raisingcosts		 2,381 624
Other trading activities
Other trading activities		 311.315—
31.3.25		 驚313.24
314.3.24
Purchases - 5,143
5,143
Aggregate amounts
Aggregate amounts		 2,381
2,381		 5,767
5,767
CHARITABLE ACTIVITIES COSTS
Support
Support
Direct
Direct		 costs (see
costs (see
Costs
Costs		 note 8)
note 8)		 Totals
Totals
£
£		 £
£		 £
Protecting wildlife in Radnorshire
Protecting wildlife in Radnorshire		 797, 151
797,151		 31,643
31,643		 828,794
828,794

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025

8. 8. SUPPORT SUPPORT COSTS COSTS

==> picture [417 x 153] intentionally omitted <==

----- Start of picture text -----
__ Governance Governance _ _ i
Management. Management —---cost ‚f_ ow; ' _ f, -___ " iªeTáta Tots als~ lsft
Protecting Protecting wildlife wildlife in in, Radnorshire Radnorshire =43,872 . ALT — 3,643
income/ (expenditure) issstated after. charging /(crediting) :
31.3.25 31.3.24
£ £
Auditors remuneration- HE 12,930 4,800
fiepfècxa Depreciation 綱 - owned owned äss€ts assets - < 21,548 21,566
Deficit Deficit on on disposaliof disposal of fixed fiXed assets assets - 53,483 53,483
----- End of picture text -----

|TRUSTEES' REMUNERATION AND BENEFITS There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees’ expenses TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees' expenses

One Council Member was reimbursed £34 (2024 one Council Member - £13) for the annual filing fee paid to Companies House, and one Council Member was reimbursed expenses for attending meetings in the year of £843 (2024 one Council Member - £702). No other reimbursement of expenses has been made or is due to be made to any of the trustees in respect of their duties as trustees. STAFF COSTS 31.3.25 31.3.24 ee es' 336,987£ 286,825£ @UHSE pension-costs: 20,706 16,186 381,710 320,378 The average monthly number of employees during the year was as follows: Average staff 16 —14 24,017 20,706 31.3.25 Companies House, and one Council Member was reimbursed expenses for attending meetings in the year of £843 to any of the trustees in respect of their duties as trustees. 31 .3.25 31.3.24 £ £ 336,987 16,186 31.3.24 14 One Council Member was reimbursed £34 (2024 one Council Member - £13) for the annual filing fee paid to STAFF COSTS 286,825 17,367 381,710 320,378 16 (2024 one Council Member - £702). No other reimbursement of expenses has been made or is due to be made

No No employees employees received received emoluments emoluments in in excess excess of of £60,000. £60,000.

The The key key management management personnel personnel of of the the Trust, Trust, comprise comprise the the CEO, CEO, Head Head of of Finance Finance and and Head Head of of Conservation. Conservation. The The total total amount amount of of employee employee benefits benefits of of the the key key management management personnel personnel of of the the trust trust were were £95,480 £95,480 (2024: (2024: £48,642). £48,642).

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Notes to the Financial Statements - continued for the Year Ended 31 March 2025

|12.
12.|COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES
Unrestricted
|COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIES
Unrestricted|COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES
Unrestricted
|COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIES
Unrestricted|Designated
Designated|Restricted
Restricted||Total
Total| |---|---|---|---|---|---|---| |||funds
funds|funds
funds|funds
funds||funds
funds| |||£
£|£
£|£
£||£
£| ||INCOME AND ENDOWMENTS FROM
INCOME AND ENDOWMENTS FROM|||||| ||Donations and legacies
Donations and legacies|79,020
79,020|:|1,010,964
1,010,964||1,089,984
1,089,984| ||Charitable activities
Charitable activities|||||| ||Protecting wildlife in Radnorshire
Protecting wildlife in Radnorshire|77,245
77,245|-|———=||TTIAS| ||Other trading activities
Other trading activities|6,786
6,786|.|a5786||| ||Investment income
Other income
Investment income
Otherincome|36,695
8,664
36,695
8,664|-
:|eee
194||36,695
8 858| ||Total|208,410
208,410|:|1,011,158==||1,219,568| ||EXPENDITURE ON
EXPENDITURE ON|||||| ||Raising funds
Raising funds|5,587
5,587|-|180||S767:| ||Charitable activities
Charitable activities|||||| ||Protecting wildlife in Radnorshire
Protecting wildlife in Radnorshire|376,652
376,652|-|270,122
270,122||646,774
646,774| ||Total
Total|382,239
382,239|-|270,302
270,302||652,541
652,541| ||Net gains on investments
Net gains on investments|40,026
40,026|-|:||40,026
40,026| ||NET INCOME/(EXPENDITURE)
Transfers between funds
NET INCOME/(EXPENDITURE)
Transfers between funds|(133,803)
190,449
(133,803)
190,449|153,289)
-
(153,289)|740,856
37,160)
740,856
(37,160)||607,053
607,053
-| ||Net movement in funds
Net movement in funds|56,646
56,646|(153,289)
(153,289)|703,696
703,696||607,053
607,053| ||RECONCILIATION OF FUNDS
RECONCILIATION OF FUNDS|||||| ||Total funds brought forward
Total funds brought forward|354,611
354,611|724,723
724,723|1,929,824
1,929,824||3,009,158
3,009,158| ||TOTAL FUNDS CARRIED FORWARD
TOTAL FUNDS CARRIED FORWARD|411,257
411,257|571,434
571,434|2,633,520
2,633,520||3,616,211
3,616,211| |13.|INTANGIBLE FIXED ASSETS|||||| |||||||Basic
Basic| |||||||payment
payment| |||||||scheme
scheme| |||||entitlements
entitlements||| |||||||£| ||COST
COST|||||| ||At 1 April 2024 and 31 March 2025
At 1 April 2024 and 31 March 2025|||||2,018
2,018| ||NET BOOK VALUE
NET BOOKVALUE|||||| ||At 31 March 2025
At 31 March 2025|||||l)
о
;
oo
2,018| ||At 31 March 2024
At31March2024|||||l\,
о
\
oo
2,018|

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025 14. 14. | TANGIBLE TANGIBLE FIXED FIXED ASSETS ASSETS

TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS
Fixtures
Fixtures
Freehold
Freehold		 Plant and
Plant and		 and
and
property
property		 machinery
machinery		 fittings
fittings
£
£		 £
£		 £
£
COST
COST
At 1 April 2024 and 31 March 2025
At 1 April 2024 and 31 March 2025		 343,085
343,085		 283,404
283,404		 30,608
30,608
DEPRECIATION
DEPRECIATION
At 1 April 2024
At 1 April 2024		 - 187,693
187,693		 29,719
29,719
Charge for year
Charge foryear		 - 15,860
15,860		 160
160
At 31 March 2025
At 31 March 2025		 : 203,553
203,553		 29,879
29,879
NET BOOK VALUE
NET BOOK VALUE
At 31 March 2025
At 31 March 2025		 343,085 79,851
79,851		 729
729
At 31 March 2024
At 31 March 2024		 343,085 95,711
95,711		 889
889
Motor
vehicles
Motor
vehicles		 Computer
equipment
Computer
equipment		 Totals
Totals
£
£		 £
£		 £
£
COST
COST
At 1 April 2024 and 31 March 2025
At 1 April 2024 and 31 March 2025		 14,220
14,220		 42,758
42,758		 714,075
714,075
DEPRECIATION
DEPRECIATION
At1 April 2024
At1 April 2024		 7,110
7,110		 34,690
34,690		 259,212
259,212
Charge for year
Charge for year		 1,422
1,422		 4,106
4,106		 21,548
21,548
At 31 March 2025
At 31 March 2025		 8,532
8,532		 38,796
38,796		 280,760
280,760
NET BOOKVALUE
NET BOOK VALUE
At 31 March 2025
At 31 March 2025		 5,688
5,688		 3, 962
3,962		 433,315
433,315
At 31 March 2024
At 31 March 2024		 7,110
7,110		 8,068
8,068		 454,863
454,863

The Charity owns the freehold property, Warwick House, High Street, Llandrindod Wells. Under Charities SORP (FRS 102) this property will continue to be re-valued by a professional valuer every five years from the date of acquisition, 31 March 2006, with an impairment review every three years after each valuation. Warwick House was professionally valued on 23 July 2021 by Morgan & Co who assessed its open market value at £140,000. Under the cost model, Warwick House would have a carrying value of £120,266. | TANGIBLE ASSETS - NATURE RESERVES Total £ MARKET VALUE At 1 April 2024 and 31 March 2025 1,963,124 1,963,124 PROVISIONS At 1 April 2024 and 31 March 2025 ‚99-5892. 69,802 NET BOOK VALUE At 31 March 2025 1,893,322 1,893,322 At 31 March 2024 1,893,322 The Charity owns the freehold property, Warwick House, High Street, Llandrindod Wells. was professionally valued on 23 July 2021 by Morgan & Co who assessed its open market value at £140,000. Under NATURE RESERVES PROVISIONS At 1 April 2024 and 31 March 2025 At 31 March 2025 Under Charities SORP (FRS 102) this property will continue to be re-valued by a professional valuer every five years from the date of acquisition, 31 March 2006, with an impairment review every three years after each valuation. Warwick House the cost model, Warwick House would have a carrying value of £120,266. TANGIBLE ASSETS Total MARKET VALUE At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2024

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. | TANGIBLE ASSETS - NATURE RESERVES - continued 15. TANGIBLE ASSETS - NATURE RESERVES - continued

As a requirement of the Exploring Gilfach Project, RWT has granted a legal charge over the property Gilfach to The Trustees of The National Heritage Memorial Fund for a term of 20 years from the completion of the project. The project commenced on 12 September 2016 and was completed on 30 June 2019. Tangible assets -Nature reserves include Freehold Properties valued at £420,000 on 5 February 1997 by Morgan & Co on the basis of freehold vacant possession value subject to certain restrictions which has been adopted as the historic basis of valuation. The Trustees of The National Heritage Memorial Fund for a term of 20 years from the completion of the project. The project commenced on 12 September 2016 and was completed on 30 June 2019. As a requirement of the Exploring Gilfach Project, RWT has granted a legal charge over the property Gilfach to & Co on the basis of freehold vacant possession value subject to certain restrictions which has been adopted as the historic basis of valuation. Tangible assets -Nature reserves include Freehold Properties valued at £420,000 on 5 February 1997 by Morgan

The Freehold Properties included in this valuation in 1997 are the reserve and farmhouse purchased at Gilfach Farm, reserves purchased at Gamallt Plantation, Rhayader Tunnel and Pentrosfa Mire and reserves gifted to the Charity at Burfa Bog (Evenjobb), part of Bailey Einon Wood (Llandrindod Wells). Cefn Cenarth Wood (St Harmon), Sidelands at Home Farm (Penybont), and Werndryd (Franksbridge). Tangible assets - nature reserves also include Fronwen Wood, gifted in the year ended 31 March 2020 at a valuation of £65,000 and the cost of reserves purchased since 1997 at Mynydd FFoesidoes, Cwm Byddog, part of Bailey Einon Wood, Cwm-yr-Ychen Woodlands, Tylcau Hill, Cnwch Bank, land adjoining Tylcau Hill, Abercamlo Bog and additional buildings and improvements at Gilfach Farm. In 2022, the Charity purchased the freehold of Pentwyn Farm, Llanbister Road and the land acquired has been included as a Heritage Asset as it will be used for nature restoration as a nature reserve, as its cost plus attributable legal fees of £906,469 excluding the valuation of the farmhouse and bungalow. The Freehold Properties included in this valuation in 1997 are the reserve and farmhouse purchased at Gilfach Charity at Burfa Bog (Evenjobb), part of Bailey Einon Wood (Llandrindod Wells). Cefn Cenarth Wood (St Farm, reserves purchased at Gamallt Plantation, Rhayader Tunnel and Pentrosfa Mire and reserves gifted to the also include Fronwen Wood, gifted in the year ended 31 March 2020 at a valuation of £65,000 and the cost of reserves purchased since 1997 at Mynydd FFoesidoes, Cwm Byddog, part of Bailey Einon Wood, Cwm-yr-Ychen Woodlands, Tylcau Hill, Cnwch Bank, land adjoining Tylcau Hill, Abercamlo Bog and additional buildings and improvements at Gilfach Farm. Harmon), Sidelands at Home Farm (Penybont), and Werndryd (Franksbridge). Tangible assets - nature reserves In 2022, the Charity purchased the freehold of Pentwyn Farm, Llanbister Road and the land acquired has been included as a Heritage Asset as it will be used for nature restoration as a nature reserve, as its cost plus attributable legal fees of £906,469 excluding the valuation of the farmhouse and bungalow.

16.
16.		 FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS
Listed
Listed
investments
investments
£
£
MARKETVALUE
MARKETVALUE
At 1 April 2024
Revaluatíons
At 1 April 2024
Revaluations		 527,552
£9,444)
527,552
(9,444)
At 31 March 2025
At 31 March 2025		 518,108
518,108
NET BOOK VALUE
NET BOOK VALUE
At 31 March 2025
At 31 March 2025		 518,108
518,108
At 31 March 2024
At 31 March 2024		 527,552
527,552
There were no investment assets outside the UK.
There were no investment assets outside the UK.
Cost or valuation at 31 March 2025 is represented by:
Cost or valuation at 31 March 2025 is represented by:
Listed
Listed
investments
investments
£
£

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025

17.
17.		 STOCKS
STOCKS
7
Stocks - ~~
857
18.
18.		 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
 DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR
31.3.25
31.3.25		 31.3.24
31.3.24
£
£		 £
Other debtors
Other debtors		 72,182
72,182		 35,618
35,618
Grant receivable
Grant receivable		 117,253
117,253		 49,063
49,063
Legacies receivable
Legacies receivable		 : 3,000
3,000
Prepfiaymernts
__
_
Prepayments		 : 4,610
4,610
189,435
189,435		 92,291
92,291
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
31.3.25
31.3.25		 31.3.24
31.3.24
£ £
Trade creditors
Trade creditors		 1 -
Social security and other taxes
Other creditors
_
【
Holiday pay accrual'
Accruals and deferred income
Social security and other taxes
Other creditors
Holiday pay accrual”
Accruals and deferred income		 10,432
23,419
-
15,156		 15,543
3,200
15,802
-
15,543
3,200
15,802
49,008 34,545
34,545
20.
20.		 ANALYSIS OF NEI" ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.25
31.3.25		 31.3.24
31.3.24
Unrestricted
Unrestricted		 Designated
Designated		 Restricted
Restricted		 Total
Total		 Total
Total
funds
funds		 funds
funds		 funds
funds		 funds
funds		 funds
funds
£
£		 £
£		 £
£		 £
£		 £
£
Fixed assets
Fixed assets		 231,792
231,792		 - Z,096,863
2,096,863		 2,328,655
2,328,655		 2,350,203
2,350,203
Investments
Investments		 518,108
518,108		 - - 518,108
518,108		 527,552
527,552
Current assets
Current assets		 (375,392)
(375,392)		 551,465
551,465		 497,584
497 ,584		 673,657
673,657		 773,001
773,001
Current liabilities
Current liabilities		 49,008)
(49,008)		 - - 49,008)
(49,008)		 34,545)
(34,545)
325,500
325,500		 551,465
551,465		 2,594,447
2,594,447		 3,471‚412
3,471,412		 3,616,211
3,616,211
21. MOVEMENT INFUNDS Net
Net		 Transfers
Transfers
movement
movement		 between
between		 At
At
At 1.4.24
At 1.4.24		 in funds
in funds		 funds
funds		 31.3.25
31.3.25
£
£		 £
£		 £
£		 £
£
Unrestricted funds
General fund
Unrestricted funds
General fund		 411,257
411,257		 (105,726)
(105,726)		 19,969
19,969		 325,500
325,500
Designated funds
Designated funds		 571,434
571,434		 : (19,969)
(19,969)		 551,465
551,465
982,691
982,691		 (105,726)
(105,726)		 - 876,965
876,965
Restricted funds
Restricted income funds
Restricted capital funds
Restricted funds
Restricted income funds
Restricted capital funds		 519,075
2,114,445
519,075
2,114,445		 (21,491)
17,582)
(21,491)
(17,582)		 -
:		 497,584
2,096,863
497,584
2,096,863
2,633,520
2,633,520		 39,073)
(39,073)		 : 2,594,447
2,594,447
TOTAL FUNDS
TOTALFUNDS		 3,616,211
3,616,211		 144,799)
(144,799)		 - 3,471,412
3,471,412

29 29

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025

21. 21. | MOVEMENT MOVEMENT IN IN FUNDS FUNDS - - continued continued

in the above are ` gas as follows: follows:

Incoming
Incoming		 Resources
Resources		 Gains and
Gains and		 Movement
Movement
resources
£
resources
£		 expended
£
expended
£		 losses
£
losses
£		 in funds
£
in funds
£
Unrestricted funds
Unrestricted funds
General fund
General fund		 188,200
188,200		 (284,482)
(284,482)		 (9,444)
(9,444)		 (105,726)
(105,726)
Restricted funds
Restricted funds
Restricted income funds
Restricted capital funds
Restricted income funds
Restricted capital funds		 507,620
507,620
-		 (529,111)
(17,582)
(529,111)
(17,582)		 -
-		 (21,491)
№)
(21,491)
(17,582)
507,620
507,620		 (546,693)
(546,693)		 - №)
(39,073)
TOTAL FUNDS
TOTALFUNDS		 695,820
695,820		 (831,175)
(831,175)		 (9,444) (144,799)
(144,799)

Comparatives Comparatives for for movement movement in in funds funds

Net
Net		 Transfers
Transfers
movement
movement		 between
between		 At
At
At 1.4.23
At 1.4.23		 in funds
in funds		 funds
funds		 31.3.24
31.3.24
£
£		 £
£		 £
£		 £
£
Unrestricted funds
Unrestricted funds
General fund
Development fund
Conservation fund
Gilfach
Revaluation reserve
General fund
Development fund
Conservation fund
Gilfach
Revaluation reserve		 288,868
184,209
540,514
65,743
288,868
184,209
540,514
-
65,743		 (173,521)
39,718
(173,521)
-
-
-
39,718		 190,449
2,993
(159,282)
3,000
190,449
2,993
(159,282)
3,000
:		 305,796
187,202
381,232
3,000
105,461
305,796
187,202
381,232
3,000
105,461
1,079,334
1,079,334		 (133,803)
(133,803)		 37,160
37,160		 982,691
982,691
Restricted funds
Restricted funds
Restricted income funds
Restricted income funds		 87,784
87,784		 754,530
754,530		 (323,239)
(323,239)		 519,075
519,075
Restricted capital funds
Restricted capital funds		 1 ,842,040
1,842,040		 13,674)
(13,674)		 286,079
286,079		 2,114,445
2,114,445
1 ,929,824
1,929,824		 740,856
740,856		 37,160)
(37,160)		 2,633,520
2,633,520
TOTAL FUNDS
TOTALFUNDS		 3,009,158
3,009,158		 607,053
607,053		 - 3,616,211
3,616,211

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025

21, 21. |MOVEMENT MOVEMENT IN IN FUNDS FUNDS - - continued continued

Comparative netmovement
in funds, included		 included in theabove
are as		 above
as follows:
Incoming
Incoming		 Resources
Resources		 Gains and
Gains and		 Movement
Movement
resources
resources		 expended
expended		 losses
losses		 in funds
in funds
£
£		 £
£		 £
£		 £
£
Unrestricted funds
Unrestricted funds
General fund
General fund		 208,410
208,410		 (382,239)
(382,239)		 308
308		 (173,521)
(173,521)
Revaluation reserve
Revaluation reserve		 -
-		 - 39,718
39,718		 39,718
39,718
Restricted funds
Restricted funds		 208,410
208,410		 (382,239)
(382,239)		 40,026
40,026		 (133,803)
(133,803)
Restricted income funds
Restricted capital funds
Restricted income funds
Restricted capital funds		 1,007,088
4,070
1,007,088
4,070		 (252,558)
17,744)
(252,558)
(17,744)		 -
-
-		 754,530
13,674)
754,530
(13,674)
1,011,158
1,011,158		 (270,302)
(270,302)		 -
-		 740,856
740,856
TOTAL FUNDS
TOTAL FUNDS		 1,219,568
1,219,568		 652,541)
(652,541)		 40,026
40,026		 607,053
607,053
Purposes of Designated Funds
Purposes of Designated Funds
6 months of operationg costs
6 months of operationg costs
Redundancy and wind-up costs
Redundancy and wind-up costs
Emergency funds: Storm and Fire Damage & Ash Die” Back
Emergencyfunds:StormandFireDamage&AshDieBack

Detailed Detailed Restricted Restricted Funds Funds note: note:

Gains_I_Losses
Gains /Losses		 Gains_I_Losses
Gains /Losses
Opening
Opening		 Incoming
Incoming		 Outgoing
Outgoing		 and
and		 Closing
Closing
Restricted Funds
Restricted Funds		 Balance
Balance		 Resources
Resources		 Resources
Resources		 transfers
transfers		 Balance
Balance
Capital (a)
Capital (a)
Beacon Hill Project
Beacon Hill Project		 317
317		 -
-		 - - 317
317
Better Woodlands for Wales
Better Woodlands for Wales
(Cwm Byddog Footbridges
(Cwm Byddog Footbridges		 230
230		 : : 7 230
230
Biffa Award - Purchase of
Biffa Award - Purchase of
Cnwch Bank
Cnwch Bank		 8,023
8,023		 - - - 8,023
8,023
Cwm Byddog Reserve
Cwm Byddog Reserve		 2,000
2,000		 - - - 2,000
2,000
Cwm Yr Ychen
Cwm YrYchen		 29,257
29,257		 - - - 29,257
29,257
Environment Wales/Powys
EnvironmentWales/Powys
CC (Gilfach Nature Trail)
CC (Gilfach Nature Trail)		 5,668
5,668		 : : 5,668
5,668
Fronwen Wood
Fronwen Wood		 65,000
65,000		 -
-		 -
-		 - 65,000
65,000
Gamallt Plantation
Gamailt Plantation		 24,000
24,000		 : - - 24,000
24,000
Gilfach Farm
Gilfach Farm		 170,000
170,000		 -
-		 -
-		 - 170,000
170,000
Gilfach Farmhouse and Barn
Gilfach Farmhouse and Barn
Restoration
Restoration		 150,000
150,000		 . - - 150,000
150,000
Gilfach Visitors Centre
Gilfach Visitors Centre		 23,000
23,000		 -
-		 -
-		 -
-		 23,000
23,000
Glasu - Gilfach Art Project
Glasu - Gilfach Art Project
Sculptures
Sculptures		 15,309
15,309		 - - 15,309
15,309
Heritage Lottery Fund: Cwm
Heritage Lottery Fund: Cwm
Byddog Reserve
Byddog Reserve		 5,318
5,318		 - -
-		 - 5,318
5,318
Heritage Lottery Fund:
Heritage Lottery Fund:
Disabled Access etc
Disabled Access etc		 10,646
10,646		 - -
-		 . 10,646
10,646
Heritage Lottery Fund:
Heritage Lottery Fund:
Exploring Gilfach -
Exploring Gilfach -
Equipment
Equipment		 1 ,548
1,548		 - (414)
(414)		 : 1,134
1,134
Heritage Lottery Fund:
Heritage Lottery Fund:
Exploring Gilfach - Furniture
Exploring Gilfach - Furniture		 46
46		 - (16)
(16)		 - 30
30
Heritage Lottery Fund:
Heritage Lottery Fund:
Exploring Gilfach - Signs
ExploringGilfach-Signs		 113
113		 : (33)
(33)		 - 80
80

31 31

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Notes to the Financial Statements - continued for the Year Ended 31 March 2025

|21.
21.|MOVEMENT IN FUNDS - continued
|MOVEMENT IN FUNDS - continued|MOVEMENT IN FUNDS - continued
|MOVEMENT IN FUNDS - continued||||| |---|---|---|---|---|---|---| ||Heritage Lottery Fund:
Heritage Lottery Fund:|||||| ||Exploring Gilfach Hub &
Building Refurbishment
Exploring Gilfach Hub &
Building Refurbishment|144,204
144,204|-|-|-|144,204
144,204| ||Heritage Lottery Fund:
Heritage Lottery Fund:|||||| ||Gilfach Barn/Implement Shed
Gilfach Barn/Implement Shed|12,337
12,337|-|-|-|12,337
12,337| ||Heritage Lottery Fund: Land
Heritage Lottery Fund: Land|||||| ||Adjoining Tyclau Hill
Adjoining Tyclau Hill|77,920
77,920|:|-|os|77,920
77,920| ||Heritage Lottery Fund:
Heritage Lottery Fund:|||||| ||Mynydd Ffoesidoes
Mynydd Ffoesidoes|4,171
4,171|-|:|7|4,171
4,171| ||Heritage Lottery Fund: NNF
Grassland Management
Heritage Lottery Fund: NNF
Grassland Management|10,257
10,257|-|(1,232)
(1,232)|-|9,025
9,025| ||Heritage Lottery Fund:
Heritage Lottery Fund:|||||| ||Reserve Management Project
Reserve Management Project|1,006
1,006|-|-|-|1,006
1,006| ||Heritage Lottery Fund: Stand
Heritage Lottery Fund: Stand|||||| ||for Nature
for Nature|830
830|-|(450)
(450)|-|380
380| ||Land Development Tax: Cefn
Cenarth
Land Development Tax:
Land DevelopmentTax: Cefn
Cenarth
Land Development Tax:|1,936
1,936|-|(280)
(280)|-|1,656
1,656| ||Mower & Trailer
LocalWildlife Sites
Mower& Trailer
Local Wildlife Sites|3,000
882
3,000
882|:
-|(600)
(235)
(600)
(235)|-
-|2,400
647
2,400
647| ||Natural Resources Wales:
Natural Resources Wales:|||||| ||Connecting People & Nature
NRW Peatland Restoration
Pentrosfa Mire
Pentwyn Farm
Pentwyn Farm Land
People's Postcode Lottery -
Connecting People & Nature
NRW Peatland Restoration
Pentrosfa Mire
Pentwyn Farm
Pentwyn Farm Land
People's Postcode Lottery -|801
3,302
35,000
5,699
1,106,794
801
3,302
35,000
5,699
1,106,794|-
-
-
-
-|(133)
(436)
(392)
(46)
(133)
(436)
-
(392)
(46)|-
;
-
-
-|668
2,866
35,000
5,307
1,106,798
668
2,866
35,000
5,307
1,106,798| ||Pioneer Fund
Pioneer Fund|581
581|-|(225)
(225)|-|356
356| ||Powys County Council: Covid
Powys County Council: Covid|||||| ||Recovery Grant
Powys County Council: Toad
Recovery Grant
Powys County Council: Toad|77
77|:|(42)
(42)|-|35
35| ||Ladders
Quad Bike
Ladders
Quad Bike|161
1,076
161
1,076|-
-|(32)
(538)
(32)
(538)|.
-|129
538
129
538| ||Rhayader Tunnel
River Action
Team Wilder
Rhayader Tunnel
River Action
Team Wilder|1,500
438
934
1,500
438
934|-
-
:|(210)
(455)
-
(210)
(455)|-
-
-|1,500
228
488
1,500
228
488| ||Tyclau Hill
Tyclau Hilt|116,598
116,598|-|-|-|116,598
116,598| ||Tyclau Hill Car Park
Tyclau Hill Car Park|8,754
8,754|-|-|-|8,754
8,754| ||Welsh Government: Beaver
Welsh Government: Beaver|||||| ||Traps
Traps|750
750|:|(150)
(150)|-|600
600| ||Welsh Government: BNR&W
Welsh Government: BNR&W|||||| ||Green Connections
Green Connections|9,400
9,400|-|(2,169)
(2,169)|-|7,231
7,231| ||Welsh Government: SMS
Welsh Government: SMS|||||| ||Grassland Management
Welsh Government: SMS Rhos
Grassland Management
Welsh Government: SMS Rhos|53,858
53,858||(8,977)
(8,977)|-|44,881
44,881| ||Pasture
Pasture|945
945|-|(312)
(312)|-|633
633| ||Wye Adapt to Climate
Wye Adapt to Climate|||||| ||Change
Change|750
750|-|(205)
(205)|-|545
545| ||Total restricted capital funds
Total restricted capital funds|ZM
2,114,445|-|(17,582)
(17,582)|:|Z,096,863
2,096,863| ||Income (b)
Income (b)|||||| ||Appeal - Gilfach
Appeal - Pentwyn Farm
Appeal - Gilfach
Appeal - Pentwyn Farm|41,921
239,283
41,921
239,283|1,457
13,265
1,457
13,265|(7,508)
(67,981)
(7,508)
(67,981)|-
-|35,870
184,567
35,870
184,567| ||Appeal - Save the Wye
Appeal - Save the Wye|69
69|-|7|7|69
69| ||Begwns Curlew Group
BegwnsCurlewGroup|165
165|:|:|:|165
165|

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. | MOVEMENT IN FUNDS - continued 21. MOVEMENT IN FUNDS - continued

CAF - Wye Adapt to Climate
Change
Dr A E Gaunt Legacy Capital
project
Friends of the Upper Wye
Fronwen Wood Reserve
Green Future Leaders
The National Lottery
Heritage Fund - Nextdoor
Nature
CAF - Wye Adapt to Climate
Change
DrA E Gaunt Legacy Capital
project
Friends of the UpperWye
Fronwen Wood Reserve
Green Future Leaders
The National Lottery
Heritage Fund - Nextdoor
Nature		 113
5,000
11,848
571
113
5,000
-
11,848
-
571		 37,642
54,982
11,069
37,642
:
-
:
54,982
11,069		 (44,559)
(150)
(33,536)
(11,143)
(44,559)
:
(150)
-
(33,536)
(11,143)		 -
:
-
-
-
-		 ;
;
(6,804)
oe
~5,000
(150)
11,848.
21,446
=
oe
VeAaT		 ;
;
(6,804)
oe
~5,000
(150)
11,848.
21,446
=
oe
VeAaT
The National Lottery
The National Lottery
Community Fund - Stand up
for Nature
The National Lottery
Community Fund - Stand up
for Nature
The National Lottery		 5,616
5,616		 21,358
21,358		 (31,892)
(31,892)		 - (4494—3)
(4,918)
Heritage Fund - Wilder
Heritage Fund - Wilder
Pentwyn
Pentwyn		 (4‚'383)""'
(4,383)		 ' " "123,803
123,803		 (101,56)W””
(101,56)		 ” ” - 17,853
17,853
John Ellerman Foundation
John Ellerman Foundation -
Wye Now
Wye Now		 36,808
36,808		 38,000
38,000		 (20,335)
(20,335)		 - 54,473
54,473
Llandrindod Wells Town
Llandrindod Wells Town
Council
Council		 75
75		 : : - 75
Natural Resources Wales
Natural Resources Wales -
Peatland Restoration
Peatland Restoration		 2,153
2,153		 16,157
16,157		 (15,480)
(15,480)		 - 2,830
2,830
People's Postcode Lottery
Carbon Footprint
People's Postcode Lottery -
Carbon Footprint		 3,046
3,046		 - (5,939)
(5,939)		 - (2,893)
(2,893)
People's Postcode Lottery
- Pioneer Fund
People's Postcode Lottery
- Pioneer Fund		 4,455
4,455		 8,407
8,407		 (4,931)
(4,931)		 - 7,931
7,931		 ,
People's Postcode Lottery
People's Postcode Lottery
- Wilder Futures
- Wilder Futures		 5 - - - 5
Powys County Council
Local Wildlife Sites
Powys County Council -
Local Wildlife Sites		 8,211
8,211		 13,268
13,268		 (22,685)
(22,685)		 : (1,206)
(1,206)
Officer
Officer
Rewilding Britain
Rewilding Britain
Innovation Fund
Innovation Fund		 2,461
2,461		 - (8,306)
(8,306)		 > (5,845)
(5,845)
River Action Crowd
River Action Crowd
Funding
Funding		 - - (1,200)
(1,200)		 - (1,200)
(1,200)
RSWT Strategic
RSWT Strategic
Development Fund
Werndryd Reserve
Development Fund
Werndryd Reserve		 164
265
164
265		 91
-
91		 (180)
(180)
-		 :
:		 (16)
356
(16)
356
Wilder Lugg - Recovering
our Rivers
Wilder Lugg - Recovering
our Rivers		 161,229
161,229		 51,000
51,000		 (87,305)
(87,305)		 - 124,924
124,924
DRW Foundation - Farm
DRW Foundation - Farm
Advice
RI - Wilder Communities
RI - NNF3 - Gilfach
RI - River Appeal
RI - Cultivating Change
Advice
RI - Wilder Communities
RI - NNF3 - Gilfach
RI - RiverAppeal
RI - Cultivating Change		 :
-
:
-
-		 30,275
10,000
58,183
3,663
15,000
30,275
10,000
58,183
3,663
15,000		 (6,114)
(25,952)
(31,855)-
(243)
(250)
(6,114)
(25,952)
(31,855)
(243)
(250)		 -
-
-
-
-		 24,161
(15,952)
26,328
3,420
14,750
24,161
(15,952)
26,328
3,420
14,750
Total restricted income funds
Total restricted income funds		 519,075
519,075		 507,620
507,620		 (529,111)
(529,111)		 - __497,584
Total Restricted Funds
Total Restricted Funds		 2,633,520
2,633,520		 507,620
507,620		 (546,693)
(546,693)		 : 2,594,447
Fixed assets
Current assets
Fixed assets
Current assets		 235,758
746,933
235,758
746,933		 188,200
-
188,200		 (3,966)
(280,516)
(3,966)
(280,516)		 9,444
-
9,444		 231,792
__645,173
Total Unrestricted Funds
TotalUnrestrictedFunds		 982,691
982,691		 188,200
188,200		 (284,482)
(284,482)		 9,444
9,444		 __876,965

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes Notes to to the the Financial Financial Statements Statements - - continued continued for for the the Year Year Ended Ended 31 31 March March 2025 2025

21, 21. |MOVEMENT MOVEMENT IN IN FUNDS FUNDS - - continued continued Total Total Funds Funds Charity Charity 3,616,211 3,616,211 695,820 695,820 (831,175) 5831 , 175) 9,444 9,444 3,471,412 3,471 ,41

(a) Restricted capital funds: are represented by freehold properties or other fixed assets gifted or donated to the Charity, or purchased or renovated by funds raised, grants and donations for the projects. The balances on restricted capital funds in respect of depreciating assets are reduced at the same rate as the assets depreciated. (a) Restricted capital funds: are represented by freehold properties or other fixed assets gifted or donated to the Charity, or purchased or renovated by funds raised, grants and donations for the projects. assets depreciated. The balances on restricted capital funds in respect of depreciating assets are reduced at the same rate as the

(b) Restricted income funds: are represented by funds raised, donations and grants recieved less expenditure incurred for restricted income projects. (Ь) Restricted income funds: are represented by funds raised, donations and grants recieved less expenditure incurred for restricted income projects.

Purposes of Restricted Funds
Purposes of Restricted Funds
Appeal - Gilfach
Appeal - Gilfach		 Donations towards purchasing items for Gilfach
Donations towards purchasing items for Gilfach
Appeal - Pentwyn Farm
Appeal - Pentwyn Farm		 Grants and donations towards the land purchase and
Grants and donations towards the land purchase and
running costs of Pentwyn
running costs of Pentwyn
Appeal - Save the Wye
Appeal - Save theWye		 Donations towards the Save the Wye Campaign
Donations towards the Save theWyeCampaign
Begwns Curlew Group
Begwns Curlew Group		 Donations held for management of curlew habitat by the
Donations held formanagement of curlew habitat by the
Begwns Curlew
Begwns Curlew
CAF - Wye Adapt to Climate Change
CAF -WyeAdapt to Climate Change		 The project focuses on recovering nature and creating a
The project focuses on recovering nature and creating a
climate-reliant landscape within the River Wye and its
climate-reliant landscape within the RiverWye and its
catchment area
catchment area
Dr A E Gaunt Legacy Capital Project
DrA E Gaunt Legacy Capital Project		 Legacy from Dr A E Gaunt towards a capital project
Legacy from DrA E Gaunt towards a capital project
Fronwen Wood Reserve
Fronwen Wood Reserve		 Donation for the management of Fronwen Wood Reserve
Donation for the management of Fronwen Wood Reserve
The National Lottery Heritage Fund - Nextdoor
The National Lottery Heritage Fund - Nextdoor		 Nextdoor Nature is bringing communities together to help
Nextdoor Nature is bringing communities together to help
Nature
Nature		 nature flourish where they live and work!
nature flourish where they live and work!
The National Lottery Heritage Fund - NNF
The National Lottery Heritage Fund - NNF		 Grant to support a project focussed on grassland and
Grant to support a project focussed on grassland and
Grassland Management
Grassland Management		 wetland management
wetland management
The National Lottery Community Fund
Stand up
The National Lottery Community Fund - Stand up		 Funding, in partnership with the other Welsh Trusts,
Funding, in partnership with the other Welsh Trusts,
for Nature
for Nature		 aimed at providing a richer wildlife across Wales, and
aimed at providing a richer wildlife across Wales, and
where young people influence their peers and
where young people influence their peers and
communities to take positive action to tackle climate
communities to take positive action to tackle climate
change
change
The National Lottery Heritage Fund - Wilder
The National Lottery Heritage Fund - Wilder		 The project aims to protect, restore and share natural
The project aims to protect, restore and share natural
Pentwyn
Pentwyn		 heritage knowledge at Pentwyn Farm
heritage knowledge at Pentwyn Farm
John Ellerman Foundation - Wye Now
John Ellerman Foundation -Wye Now		 Wye Now is a three year project with the aim of bringing
Wye Now is a three year project with the aim of bringing
meaningful change to the River Wye
meaningful change to the River Wye
Llandrindod Wells Town Council
Llandrindod Wells Town Council		 Llandrindod Listening Shop with Nextdoor Nature
Llandrindod Listening Shop with Nextdoor Nature
National Resources Wales - Closer to Nature
National Resources Wales - Closer to Nature		 Working with 5 organisations to provide 80 sessions of
Working with 5 organisations to provide 80 sessions of
nature connections for people disadvantaged by poor
nature connections for people disadvantaged by poor
health or old age in Llandrindod Wells
health or old age in Llandrindod Wells
National Resources Wales - Peatland Restoration
National Resources Wales - Peatland Restoration		 Funding to improve infrastructure, purchase equipment
Funding to improve infrastructure, purchase equipment
and work with graziers
and work with graziers
People's Postcode Lottery
Carbon Footprint
People's Postcode Lottery - Carbon Footprint		 Funding support for development and delivery of carbon
Funding support for development and delivery ofcarbon
footprint reduction strategies
footprint reduction strategies
People's Postcode Lottery - Pioneer Fund
People's Postcode Lottery - Pioneer Fund		 Supporting core work across Radnorshire to increase our
Supporting corework across Radnorshire to increase our
reach and impact e.g. traineeship bursary
reach and impact e.g. traineeship bursary
People's Postcode Lottery - Team Wilder
People's Postcode Lottery -Team Wilder		 This funding will support enabling work such as audience
This funding will support enablingwork such as audience
listening
listening
People's Postcode Lottery - Wilder Futures
People's Postcode Lottery - Wilder Futures		 Funding, in partnership with Montgomeryshire Wildlife
Funding, in partnership with Montgomeryshire Wildlife
Trust, to provide a creative approach to complement and
Trust, to provide a creative approach to complement and
contribute to the Wales-wide Stand for Nature Wales
contribute to the Wales-wide Stand for Nature Wales
Project
Project
Powys County Council - Local Wildlife Sites
Powys County Council - Local Wildlife Sites		 Our goal is to increase the local wildlife sites in Powys
Our goal is to increase the local wildlife sites in Powys
Officer
Officer
Powys County Council
Powys Local Nature
Powys County Council - Powys Local Nature		 Llandrindod Listening Shop with Nextdoor Nature
Llandrindod Listening Shop with Nextdoor Nature
Partnership
Partnership

34 34

The The Radnorshire Radnorshire Wildlife Wildlife Trust Trust Ltd Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Notes to the Financial Statements continued for the Year Ended 31 March 2025

==> picture [438 x 117] intentionally omitted <==

----- Start of picture text -----
21. MOVEMENT IN FUNDS - continued
Pwllpatti Reserve Donations towards the repair to the roof of the bird hide
Rewilding Britain Innovation Fund Establishment of a biological baseline for Pentwyn based
upon eDNA Funding to support work with Friends of the
Upper Wye and the Citizen Citizen
River Action Scientist post
RSWT Strategic Development Fund Grant to develop and embed new systems
Werndryd Reserve Donations for the management of Werndryd Reserve
Wilder Lugg - Recovering out Rivers The Wilder Lugg project aims to empower the local rural
community to bring about a long-term vision for the
health and maintenance of the river Lugg
Pwllpatti Reserve Donations towards the repair to the roof of the bird hide
Rewilding Britain Innovation Fund Establishment of a biological baseline for Pentwyn based
Upper Wye and the Citizen Citizen
upon eDNA Funding to support work with Friends of the
Wilder Lugg - Recovering out Rivers
River Action
Grant to develop and embed new systems
Donations for the management of Werndryd Reserve
The Wilder Lugg project aims to empower the local rural
MOVEMENT IN FUNDS - continued
RSWT Strategic Development Fund
Werndryd Reserve
community to bring about a long-term vision for the
health and maintenance of the river Lugg
21.
Scientist post
----- End of picture text -----

22. RELATED PARTY DISCLOSURES The Charity received donations of £818 from Council Members in the year. 22. RELATED PARTY DISCLOSURES The Charity received donations of £818 from Council Members in the year.

(2024: (2024: £1,169) £1,169)

    1. BRAND BRAND LEGACY LEGACY

As part of the Brand Legacy, the Charity was left a quarter share in Crimble Hall Farm, Rochdale and on 1st March 2022 the Executors of the Estate transferred the ownership of the freehold in the farm to a Trust for Sale of which the beneficiaries are the four residuary beneficiaries of Margaret Brand's Will, in equal shares. The entitlement to receive income from this legacy is subject to a tenancy for life and cannot be recognised in the accounts of the Charity whilst the tenant is in-situ in accordance with the Charities SORP (FRS 102) paragraph 5.34. The quarter share interest in the property is valued at £181,250. The trustees of the Trust for Sale have appointed a Lancashire firm of chartered land agents to manage the farm, including collecting the rent and settling all expenses on behalf of the landlords. Expenditure exceeded income in the last year, not least because of expenses arising from ash dieback disease. If, and when, a surplus arises, RWT will receive its share. 5.34. of which the beneficiaries are the four residuary beneficiaries of Margaret Brand's Will, in equal shares. The entitlement to receive income from this legacy is subject to a tenancy for life and cannot be recognised in the accounts of the Charity whilst the tenant is in-situ in accordance with the Charities SORP (FRS 102) paragraph The quarter share interest in the property is valued at £181,250. The trustees of the Trust for Sale have settling all expenses on behalf of the landlords. Expenditure exceeded income in the last year, not least As part of the Brand Legacy, the Charity was left a quarter share in Crimble Hall Farm, Rochdale and on 1st March 2022 the Executors of the Estate transferred the ownership of the freehold in the farm to a Trust for Sale appointed a Lancashire firm of chartered land agents to manage the farm, including collecting the rent and because of expenses arising from ash dieback disease. If, and when, a surplus arises, RWT will receive its share.