RESOURCEAFRICA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 REGISTERED CHARrrY No 1003530 RESOURCEAFRICA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Truslees K A Madders M8E E Rihoy G F Boynton M Gomera DFRtse C W Bruce Hon. Treastwer K A Madders. MBE Chaiity Number I￿)3530 Princtpal Address 37 Brunswi¢* Terrace Hove Easl Sussex BN3 1HA Indepondent Examiner G M D Day FCA DChA Chater Allan LLP 7 Quy Court Conters Lane Stow-oJm-Quy C3mbridg¢ C825 9AU Banke BO￿laY5 Bank plc 82184 High Streat SU￿eY 19 8BH SolKitors 8 GreatJames Slreet London WC1N 3DF RESOURCEAFRICA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Contents Trustees, Report 14 IndeFendenl Examlnerfs ReFort Slatefflent of F￿ant￿lI Actiwtiès BalanGe &eet Statement of Cash ￿0w$ Notes to the finarrial statements 11 RESOURCEAFRICA TRUSTEES. REPORT FOR THE YEAR ENDED 34 MAY 2022 Referen¢e & admÉnistratw* dotslls ResotsrcèAlrica was eslablished in May 1991 as the Affka Resources Trtsst. The chartty Is r8gi8tered th¢ Charity Commi3sion (Registered Charlty Number 10035301. The address ol the chaTIty Ss 92A Old Fort Road. Shoreham. Sussex BN43 5HB Dudng this fa'nanual year Ihe Trustees compiised Mr K. Madders (Treasurer), Dr E. Rlhoy (resigned 5 October 20211, Mr M Gomefa (resigned 4 February 2023), Nlr G J Boylon. Mr C W 8w¢e {resigned 21 August 2024) and Dr O F Roe. Th8 ¢hariWs Independtrnt Exam&)er is Graham D8y of Chater Allan LLP, 7 Quy Court. Col￿rS La￿. Stow- cum-Qw, Cambridgè, CB25 9AU. StruC￿r￿* governance a management The charity was e5tabhshed as Afric• RestyJrc85 Trust in 1991 and is govemed by a t￿￿ ofTnJsL Resourr* Africa UK [R￿UKI w)rks in partrRT5hip with M Southèrn African charrty- Resour¢o Afri¢a SoLth Africa IRA-SAI - to undertak8 this Miss￿￿, induding through promoung gk)bal, regimal artil ti*ionai eommitmenl and action to sustainable and equitable conservation poliGie5. The charty is govemed by a board of tnjstees who are recruitety ol rural communlties to amplfy they V0￿ES on Ihebr rf¥hts to Sustainable usg In key de￿510n maktng processes towards influonung poky making processes at mtemallonal, Teglonol and n8tK)nal level$. Ensure rural communilies seryJre thèir righlful place at nogotiating ford by fadlitslulg th￿r engagement. Build partnership. collabor81iM and engagement vAlh rnpresentallve of communths and individual community representstlves engage(J In nalurdl reswrce rnanagèm•nt. Enhance the implementation capacity ofour parthers. Aet a$ a c*alyst for ¢rwing synergy b&ts¥een new and exL8ting programm8È. and partnw. Trustee$ statemént We the Injstees of Resour￿ Africa UK confirn we have read aTHI ackr￿vAedge the gUIdar￿ bsues by the Charity Committee on public benefit and cthifim) thai all the funds spent by Resourc£ Afrtca have been done In a4xordance with th15 gutdance. Achl&vements afEd Performance In this reporling period. RAUK has ￿[ked whh RA4oulh Africa and frKused on: Tefining narratsve and (xjmmunicatscns tools thr￿gh whieh to smplfy messag#s and prI￿>t￿5 ofii8 parbw and networks to enable effective advocacy, engagW￿ with siructured poh.cy processes. bolh reglonalty and Intemthnaly continukng to strengthen ￿ternal govemance systems. Specifio ath￿eMents include.. 11 RA and the Communty Leadors Network ofsouthem Alri￿ (CLN) fonnaltsed thelr enwemenl by signttig a ￿en￿rand￿m of Undetstanding IMoiJJ duting a January 2022 m8ettiY4 In Johannesburg. The Johannesburg meel¥B Also seNed to agree a colLaborallon pLin wth ACBA IAfrkan Clvu SorAety Bh)diverssty Aliancel - a nthork oforg&ni5atiortS that advoc4te for Afritsn eommunrti8s' rlghts to SUStalnabty manage. ¢onserve and beTr&fft from Ihe use oftheirnaturdl r&s￿rte$ In IntematDrfat and continentrl policy fora. 21 RA provi4J8d 511PPOrt lo the Kasungu wlldtsfe Con5eNation lor Comrnunlty Devel¢Jpm&*X AssoeLation IKAWICCODA}~ a Nlatawan meml)er ofthe Communsty Leaders Netsyork (CLNI - to coryluct a Sile-L8v¢I Assessmentof Govemance Ènd Equity- SAGE programme. SAGE i5 8 mtrthoddogy for assesséng the govemance and equity ofrneasures to conserve bk)divwsty and ec0s￿LeM 8eTvices, inclu(fin9 Woteded or conserved aréas IPCASI and any a3s0ckted mvasur88 to SUPPDrt cortservalion such 85 bengfit sh&ring schemes. The resthts be used to stspngthan the govemanGe ofthè stts. 3} RA Dryanised o ￿¥￿week tour ofEurope fw three CLN rwythers to rneet wlh key dec15￿JnwrnakerS aTrJ 1￿ma￿St$ in Gemiany. UK France Wium. ThL% ts¥J and rekited engagefftents gwe CLN a uniqu OPPOTbJnity to communicate wdety theiT pefSPEctives on the issues of sustainatA8 use. proposed bans •)n ¥nportatton oftropfues from contrdled W1￿1rfe hunttiig, the r￿k betsvèen community rglrts and conseThati deweknpment in Sotrthem Afrk¥ the o)ncept of CBNRM As successes in 8outhemAftica. RA ￿tr￿trted to the prepafatlon of Ihé Afrlean Protected Areas Congre¥8 to be hetd In Rwanda, Jity 2. PA has a pa￿cUlar intwt in the biodNeTsiiy slream and people stra￿ as well a3 rn supporthg thè prea¢Ong￿$S communty engagemènt events. RESOURCEAFRICA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2022 51 RA has improved its cc>mrEiunirations ofteFillg. Fotjr artiGb5 were publi%hed In regional {Daily Maverick) and international med¢a outlets. RA and CLN were also quoted in #n artlde In Ihè UK papers The Guardian and The Time$. RA was also awarded the 2021 CIC Communication Award for ils fjtrn'LetAfricans Docide.. RA also supported CLN to develop its own website ￿th its own brandSng and content and htssiecf a webinar on the link5 bepween climate ch4Ewe and communitpbased natural resoutces management lin collaboratnn Wtth Sosrthern Africa Ttustl. 61 RA devslopetl funding proposals for the French devebpment a98r*cy-AFD and the UK D8Nhn InSty3 and h2￿ iorf(ial dt5Gvssions with other potential donots. 71 RA Contlnued work an database developrnenl and monitorlng In Southem Afrt¢an 4¥Junirses that aims at operationalising a Regional MO￿￿tOring and Evalua￿0￿ {M&EI Frarnework to support ￿￿tIonal associali?ns to calwe and report on agreed set of indtcators. essenlol for deck8ion m8kir>g These ath¥ilies and their results played an importanl and in8tnJm8ntal rola in hlghlighting and mainstreamin9 ￿he￿nce to a rightS-ba5ed approach to conservation has bacDme incfeasing evident at tll levèls and in all pokcy forums- n8b"onal, ￿gIonal. and inlefflational- ¢)ver the progamm8 period. Flnancl&l review The total expenditure ol the charity durir¥J the year was £205.420 against an wKome of £83.738. At tho end of Ibe financial year ending 31 May 2022. the net unrestrlcted asse& ol the charity were £8.801 - these ale the tnjslees free ￿e￿&S.The thf5tees have no ptans to add to the free res8￿e$ currentty. An Independent third party audit was not required and, af the second phase ol tho expanded project. as outllned above, induding Ihg provision ol grants made in support ol n￿melOuS comfflurrity initiatives. 8y the end of the first phasè of the extended Voice Pfojeci ¢)n 31st May 22 the RAAJK accounts reffgthd an amount of US$95,725.49 owing to RA-UK by its grantu. However, tollowh¥ the transfer from FW-UK to RA4A of the grant agreement for thls second phase of the Votce Project, all but USS15.163.25 of the aTTrJunts owFng had been b￿￿ed. apart from the costs inwFred far aud¢t & accounting seThi￿. forwhith Ihe final invoice has yat to be presented by th8 project auditgrs le5timatsd at US$12.862}. Ihus comprising a tow of $26.963.98 owed, whEre def5verables on th8 proled for an #moufit of US$9.000 had not been approved for p8ymerrt by both the trustees and Jl. By the end of the initial projed implomentation pertods, the trustegs lully supported th& transfer ofttE JI grant to RA-SA and JI Since has gengrously IIEnded subsequent pr￿e¢l Impjementadon perlods through tLI 28th February 2025. In sUPPOrt ot RA'S continued coJabornlv)n wilh the Commtsnity Leaders Newrk, the Namibian A￿(￿l¥ti(￿ i)1 Communffi Support Organlzations INACSO) other acuve organlsations. Thi5 gxtended grant agreement Included Blso the vltal addldon81 focus on d8vek)ping ¥thal data Colledon and m3nagem8nl systsms to improve o)mmunty pJanNng and management makw at grass roots levels. The truslees are most gratefvl to JI for thelr contittulny $￿POrt for RA'S effort8 to contribute to the welkbelng ofthe m¥ny dg8?ThlThJ njral communllfes In Soulhem Africa, RESOURCEAFRICA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2022 Plans tor the futurn RA-UK ts increasingty wL)rking wth and throvgh its sister orgarusakn RA- South Africa (R￿SA}. Thrs devolution of actgm from a UK basèd organ¥sation to an Afriean organisation is strongty supported by the RA-UK stsff and trustees to the extsnt that RA-SA took over the employrnent contracts of PA.UK stsff and the contracts of donors, leavin9 the role ol RA-UK largely redundanl. FWUK wlll contIn￿ to work wth RA- SA tts complete this Iransition and lo ensure RA-SA is able to confjnue the work of RA-UK in supportln9 commuftity based n8lural r&souri% managemeot and rfghts based conservation Jertsss Southem Afrka. In ihe meantime - and for as long as thè Iransilion period takes- RA.UK will continue tt> promote the concept and application of sustainable use of notural ￿5oUTCe$- part%JJlaty wtldfjfè- #s a conswvation and (Fevelopment sti*egy both wathin Soutt￿M Afrlcan and in relevant interrtational poI￿Y bod5ps, We will ntinue to focus on Community Based Naiurnt R950urce M8nagement IC8NRM} arxl its abilty to meetthe trFple Obj'ecti￿ of consetvation, poverty allewation and gc¥)d governancè. The trustees will coniinue ts Strategy to ensure that Ihe perspectives 0fmarginallz￿ wr81 communlties wwe heard *Jd wffluenced pclcy pro￿sseS al national. Europears and intem8ttonal levels,. ¥nd expostng Ihe 8o¢md Kiert￿ bolst8ring sustsifiable use as a conseNatton strategy. K A Madders, MBE Trustee Dated.. RESOURCEAFRICA INDEPENOENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2022 I report on thè accounts forthe year ended 31 M?y 2022. vthich are set oul on pages 6 to 11. R8spon51bilitlos arsd basis olreport Ag the ¢harily's trustees you are rgsponsible for the pwparatson ol the accounts in aGcordance wth thè reqwrements of the Charitse8 Act 2011 fthe Ad'l. I report ill Tespect of my examination of the charity's acwunts carried out under section 145 of the Act and in (*￿ing out rny examination I have fdlowed all Ihe 8ppli¢able Directi￿8 given by thè Charity Cornmission under $ectv)n 145{5llb) of Ihe ACL Independont èxamin•rfs stslement I havè ctsrnpleted my examinatic￿. I C￿￿rn no material rnatteTS hava com8 to my attention connecion with the examination giving me cause to believe that in material r¢$pe¢L l. acG¢Juni¢ng records ww? not kept in ￿spect of the charity As ￿uIred by Se¢￿ 130 ofts Act. or 2. the accounts do not accord with those recotyls. or 3. the accoufits do not cornply with the 8pplicab£e reqvi5Ements concemin9 the form anfl c¥nteTrt ol accouftts sel out in the Charibe5 (Acwurts and Report8) Regulattons 2008 otherth8n any reqLMr8ment Ihat the accounts give a'true and fairview. wht¢h Is nvl a matter cotbsidered ￿ p* of an indeperxleAt examination, I have no concems afid have come acros5 no other malters In c¢nn¢tskngn with the exarnination to whieh attenton shtsuld b6 drawn in this report in tswder to Ènable a prcp8r urtdotsiandiro of tt accounts to be reached. G M D Day FCA DChA Chater Alan LLP Chartered A¢eoLmlants 7 Quy C¢JJrt CoBiers L8n8 SI0w-oJmQtJy Cambridge C825 9AU £knJ 4L4' RESOURCEAFRICA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022 Vnrestricted Restrlcted Fund Funds Total 2022 Totsl 2021 Notè Income From: Donations and legaci25 Exchange gains Other income 1,IOD 272 11.300 54.254 16,812 55,354 17,084 11,300 17,702 Total incom* 12,672 71,066 83,738 17.702 Expenditure on: Charitsblo ectivity Promoting the sustainable ll￿ of natural resources 2,410 203.010 205,420 416.853 Total Expenditure 2,410 203 010 205,420 Net {Expenditure} I Income 10.262 {131.gH) 1121.682) {399,151) Transfer btheen Funds Net MovÈmènts in Funds 131.944 121.682 399.151 Fund BalarTces al 1 June 2021 (1,4611 131,944 130.483 529,&14 Fund Balances at 31 May 2022 8,801 130. RESOURCEAFRICA BALANCE SHEEr AS AT 31 MAY 2022 2022 2021 Note CURRENT ASSFrs DebtOTS and prepaymenis C05h at bank and in hand 21.322 15.899 37,221 150.896 15,577 166.473 CURRENT LIABILITIES Creditors due with￿7 one year 28.420 23,490 NET CURRENT ASs￿s 8,801 142,983 Cr8ditors due after more than one year 12,500 TOTAL ASSETS LESS CURRENT UABILITIES 8.801 130,483 FUNDS OF THE CHARir Restricted fvnds 131,944 Unrestr￿ted furKI: Gener21 fund 8,801 {1.461) TOTAL FUNDS 8,801 130,48 K A M¥dd¢r¥, MBE ttreasurer) Twslee RESOURCEAFRICA STATEMENT OF CASH FLOWS AS AT 31 MAY 2022 Note 2022 2021 Cash used in operating activlts'es 322 1332) Change in cash and ¢a5h equivalents In Ihe reporting period {332) C3sh and cash equlval#nts at the beginning of the reporttng perÈod 15,57T 15,￿9 Cash and cash equivalpnts at the end of the reportlng perfod 15,899 15,577 Notes to Cash flow stst•ment l. Rgconciliation of net income for th* yeai to net cash flow from op•rating aetivftles 2022 2021 Net rnovement In funds Adjuslmenls for.. 1121,6821 (389.1511 Decreasel(Increasel in debtors (Decteaseylncrease in creditors 129.574 ri,570) 396,783 Nel cash inflow loutfiow} frrmn operating athities 322 2. Analysi$ of cash and cash equlvalonts At31 May June 2021 flow Cash at bank and in hand 15,577 15, 15.577 15.899 RESOURCEAFRICA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MAY 2022 ACCOUNTING POLICIES 1.1 Bas1$ ot pr•parallo The chaTity constilules a publ￿ benefit enily as defined by FRS 102. The ftnandal statements Iwe been prepared in accordance with Accounting and Repotilng by Ch8¥£tieg'. Statement of Rècommended Practlcg applic&ble to cha14be5 preparing thesT aeLounts in accoidanrts wjlh the FInanc￿l Reportlng Standard applicable in the UK and Republ￿ of IrolarKI issued In October 2019. the Financial Rekx)rtlng Stsndafd appll¢abte in Ihè United K￿gdoM and Republic of Ireland IFRS 1021, Ihe Charili#$ AL* 2011, Ihe Compani8s Act 2006 and UK Generslly A¢£epted A¢couThDng PractK*. Going concem basls The trustees consider that the going concern basls is apwopriate as they consljer thè reserves levds to be sutfKient to ensure that the trustees can meet iheir finandal Dblisations for the nexi 12 to 18 arAI on 1.2 InGomè Donations and grants are recognised when thère is ewbjerbce of enlttlwnert receipt is probable and the amrwnt can be me&8ured reliabty. 1.3 Expendlture G0veFRan￿ costs do not indude the rA)51s IncU￿e￿ in management oflhe ehariws project$. Th￿ proleLa management functions are (*nied out by leams of manag¢rs and thelr staff and Ihese rnana9em￿￿ rAJsts are d￿rge￿ to each specific project m8Traged ty the charfty. GovoTnanc8 costs Include Indep@ndènt oxaminafjon f8es and expenses relating to Tntstees, meetlngs. 1.4 Volutttary labour and18nd inpvts Considerable volEEniary labour and t)ther Inputs s￿ to all F)roj8cts by project beneficiwie% It 15 not pracljcal to value these Inputs and therefore the TrttÉVs accounbng pollcy is to ex¢tude these Inputs from tts accwnts. 1.5 Contrlbullons In klnd Specific quantifiabte cash eXpand￿￿Te9 are madè by ihB Tntslees and others as dirè£1 contributic¢ts in kind to th6 chatws projects. These a￿UMStanCeS arise wh8re activities are undertaken aEKI exp2nsès ft￿d￿j which ptOVKJe forthe development of Gonceptual arfangements wlth varhJu8 wral ccromunlties l(5r the purp)5e of Idenllfying much needed $￿trIC sUPPOrt SerwI￿ forthese communllie5. ar￿ wherè ihèse Contrib￿* dire¢tytt) the charty achieving its obiects. 1.6 Taxadon The charty is a le9￿1&red tharity in the Untsd IOng(&Jm and rn taxatron ts p8yaWoD knu)m8. 1.7 For¢lgn currencytranslatlon FOr￿n 8xchange gainslbsses refiect the net change in Ihè sterling valu& of M)n4terlng denominated ¢urron¢ie5. expeft(Ilture or other assets and liabiliues held In othei currendes at the end of the flnancial year. The tharSVs 8ecount9 are maintained in stérling,. assets èrvj Ilablltt*s aThJ items of income and ¢xp&ndliEwè in foreign currencAes have been trdnslat8d into poumls sterfing atthe average exchange rate f¢*thè finandal year, RESQURCWRICA NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 INCOME FROM IK)NATIONS AND LEGACIES Unrèstrlci•d Restrlct•d fund$ fvnds Total 2022 T•lal 2021 Donaion5 in kind Grants 1,100 1.7Cxl 54.254 55.35é 54.254 54,254 1,100 17.702 CHARITABLE EXPENDITURE Protlwung tt7e sustainable use of r*tural resour 2022 2021 Proiectcosts Exchar#Je losses Twstee trav￿ and m*ting cJ)sts Sundry expènses Accountanc Independent examknation 203,010 369.654 45.657 1.1LX) 518 175 170 1.140 2g5.420 205,420 416,853 416.853 One empknyee r￿1Ved remuner**￿ ol £fjO.1)00- £70,000 wénnLFm. TRUSTEES One Tnjsteè, Dr E Rlhoy, recewed con5ullanGyfeo8 of£13,457 kn her rApaclty a9 the RAUK EXe¢U￿ DITeclor but not in her ¢apa¢lty as a tnjstee. During the year tW5teeg recelved expenses totslllrwJ £nll. DurfrrfJ the yeai donattons In kFnd from twstees lotaled £1.100 Al 31 May 2022 the charity a tot8101£3,828 to tsvo truste9& DEBTORS Totsl 2022 2021 21.322 150.896 1,322 IndudEd In other debtors and prepaymwts Ni the wior yearwas a grnnt debtor of£149.846 due Resou Afiica South Afrtca. 6 CREOITORS: AMOUNTS FALUNG OUE wmiiN ONE YEAR Totsi 2022 2021 Crethtors Other creditors Accnials and deferred Sncome 21.322 17.702 3,828 3. 3270 28,420 23.490 10 RESOURCEAFRJCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 ANALYSIS OF NET ASSETS BETWEEN FUNI)S Net ass•ts Tt)tsl 2022 Totsl 21121 Restricted fvnd 131,944 Gewal fund 8.801 8,801 11,461) 8.801 8,801 130.483 8 RESTrICTED FUND Advocatès the Sustsinablè Use olwldlife and ecosyst￿1$ by comMUn￿e$ and iural peopte as a bask human recLunrzed in both national and sniematvjnal law. SUstaina￿e usp is use of speclès and ecosy3lems at a level that m3intsin5 their FQtenltal to meet current and future hurnan needs and aspirations. and prèvents the long- term decline. It Indudes both ctnsumplNe forms of use IhaNesting. fishtiig. huntlng, fortrsty, agrfculbjrel and non-consump1￿ IphOts)grapm￿ tourism). It further requirag redtsdng anyadverse or unintended Itnpacts or¢ the broader ecosystem lo aeceptable levels, consi8￿t knng tejm spedes and ecosystem consèNakn"on. Use takes pkce as part of ojmplex SDCtal. ecologkal and polthcal econorny sfftems, and ts sustsinaiility is affected by ¢ultur21, eccrwnic. social, and polltlcal £tynamics. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unr•5tr1ct•d Restrlctad Fund Funds Total 2021 IncomÈ From: Dotiatlons and legacEs othei inDJme 17.71Y2 17,702 Total Income 17.702 17.702 Expendltur• on: cha￿ta￿e activty Promoling th8 sustssnable use of n*ural re￿￿S 1.542 415.311 416.853 Total ExpendI￿re 1,542 415,311 416.853 Net Mov8mw)Is In Fvnds 1,542 7.609 399.151 11