This report provides a summary of the services, achievements and performance of the NSW Biodiversity Conservation Trust for the period 1 July 2021 to 30 June 2022. In addition, the report contains the audited financial statements and appendices as required by legislation. The report also incorporates the Annual Report of the Biodiversity Stewardship Payments Fund for the year ending 30 June 2022, which the BCT is required to provide in its role as fund manager under s6.37(1) of the Biodiversity Conservation Act 2016.