2021-03-31-accounts - Save The Rhino International

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

Contents		Page
Report ofthe Trustees:		3
Objectives and activities for the public benefit		3
Financial review		23
Structure, governance	and management	27
Plans for the future		28
Statement ofTrustees' responsibilities		31
Independent auditor's report		32
Statement offinancial activities		35
Balance sheet		36
Statement ofcash flows		37
Notes to the accounts		38
Comparative figures (2019-20):		47
SOFA		47
Analysis of expenditure		48
Movement in restricted	funds	49

E4,336,691 (2019-20:E2,445	,6	22)	as below:
Grants out
Afiican Rhino Specialist Group, Afiica				45,805
Follow-the-ntoney investigation, Africa				63,146
TRAFFIC-China				14,983
Indian Rhino Vision 2020, India				5,632
Javan Rhino Study and Conservation	Area, Indonesia			46,583
Rhuto Protection Unit programme, Indonesia				20,685
Sumatran Rhino Sanctuary, Indonesia				57,668
Association ofPrivate Land Rhino Sanctuaries,			Kenya	860,982
Big Life Foundation, Kenya				68,445
Borana Conservancy, Kenya				556,310
Kenya Wildlife Service, Kenya				19,781
Levva Wildlife Conservancy, Kenya				241,936
Northern Rangelands Trust, Kenya				49,196
Ol Jogi Conservancy, Kenya				417,071
Ol Pejeta Conservancy, Kenya				125,969
iviinis try ofEnvironment, Forestry and	Tourism,		Namibia	375,138
Save the Rhino Trust, Namibia				79,4-14
Gashaka Gumti National Park, Nigeria				8,064
Hluhluwe-ilvI folozi Park, South Africa				76,087
Regional Canine Coordinator, South Africa				225
ulvlkhuze Game Reserve, South Africa				81,605
Northern tvhite rhino search				754
Mkontazi Rhino Sanctuary, Tanzania				34,254
Rhino Fund Uganda, Uganda				24,608
Enviromuental Investigation Agency,	UK			24,211
Rhino Resource Center, UK				1,000
Education for Nature Vietnant, Vietnam				6,827
TRAFFIC-Vietnam, Viet Nam				18,685
North Luangtva Conservation Prograntme,		Zambia		979,106
Nsumbu Tanganyika Conservation Project, Zambia				21,882
Lotvveld Rhino Trust, Zimbabvve				10,607
Total				4,336,691

Report ofthe	Trustee	Trustee	Trustee	s for the year ended 31 March 2021 (c	ontinued)
Further restricted fuuds are held for	espenditure			for the folio»ing projects:
African Rhino Specialist Group, Africa					28,161
Follow-the-nlney investigation, Afiica					85
TRAFFIC, China					13
Javan Rhino Study and Conservation	Area, Indottesia				90
Rhino Protection Unit programme, Indonesia					85
Suntatran Rhino Sanctuary, Indonesia					58
Association ofPrivate Land Rhino Sanctuaries,			Kenya		376,763
Big Life Foundation, Kenya					5
Borana Conservancy, Kenya					2,012
OIJogi Conservancy, Kenya					1,038
Ivlinis try ofEnvironment, Forestry and	Tourism,			Nanfibia	74,642
Save the Rhino Trust, Nanubia					4,268
Muhlusve-iM folozi Park, South Africa					8,421
Regioual Canine Coordinator, South Africa					34,921
ulvlkhuze Gante Reserve, South Africa					21,719
Welgevonden Gaum Reserve, South Afiica					1,713
Environmental Investigation Agency,	UK				12,545
Education for Nature-vietnant, Viet Nam					60
TRAFFIC-Vietnam, Viet Nam					31,676
North Luangvva Conservation Programme,		Zambia			30,964
Losvveld Rhino Trust, Zimbabsve					44
Gonarezhou Conservation Trust					1,430
					630,713

Statement of	financ	ial activities,	including	inco	me and expe	nditure acc	ount
					Iinres tricted	Restricted	Total	Total
			iVotes		Funds	Funds	2020-21	2019-20
Income from:
Donations and legacies					481,327	81,066	562,393	999,091
Charitable activities					73,611	3,641,020	3,714,631	2,554,722
Other trading activities					14,819		14,819	20,534
Investments					1,709		1,709	395
Total income					571,466	3,722,086	4,293,552	3,574,742
Fxpenditure on:
Raising funds				10	395,642		395,642	382,440
Charitable activities				5, 15	166,797	4,336,691	4,503,488	2,583,961
Other					7,455		7,455	9,261
Total expenditure					569,894	4,336,691	4,906,585	2,975,662
iVet income/(expenditure)		for the year			1,573	(614,605)	(613,032)	599.080
Transfers behieen	funds			15	1,151	(1,151)
iVet mosentent in funds for		the year			2,724	(615,756)	(6la,0a2)	599,080
Reconciliation ofFunds
Total hmds brought	fonvard				445,978	1,246,469	1,692,447	1,093,367
Total funds carried	fornard				448,702	630,713	1,079,415	1,692,447

Balance sheet
			2020-21		2019-20
	Notes
FLIEDASSETS
Tangible ftwd assets				18,838		27,142
Cl.RR&ITASSEl'S
Stocks		12	5,128		5,462
Debtors		13	0		1,211
Cash at bankand in hand			1,105,110		1,696,923
			1,110,238		1,703,596
Prepayments and Accrued Income		13	217,511		125,502
CREDITORS: Ai&IOLiNTS FALLhNG
DIIKWITHE% ONE YFAR		14	0		(8,460)
Accruals and Deferred Income		14	(267, 173)		(155,333)
NK1' CLIRREVT ASSEl'S				1,060,576		1,665,305
NKI'ASSEfS				1,079,414		1,692,447
THKH.riiIDS OFTHKCHARITY
Unrestricted funds		17		448,701		445,978
Restricted funds		15		630,713		1,246,469
TOTAL CHARITY FUNDS				1,079,414		1,692,447

			Statement ofcash	flows
1.	STATEV~T OFCASH FI.OPS				2020-21	2019-20
	For the year ended 31 triarch 2021
	Reconciliation ofnet mosement in funds	to net cash IIo&vfrom operating		activities
	Net movenxnt in funds				(613,032)	599,080
	Add back depreciation charge				8,304	18,000
	Decrease in stock				334	784
	Increase in debtors and prepaytnents				(90,798)	(67,304)
	Increase (decrease) u2 creditors				103,380	(3,386)
	Cash used in operating activities				~892,812)	547,174
	Purchase oftangible fised assets
	Cash provided by (used in) in2es ting activities
	Increase (decrease) in cash and cash equivalents		Its the year		(591,812)	547,174
	Cash and cash equivalents at the beginning ofthe year				1,696,923	1,149,749
	Total cash and cash equivalents at the end ofthe		year		1,105,111	1,696,923

							unrestricted	Restricted	Total	Total
2.	INCOi&IE	FROiIIDONATIONS			AiND LEGACIES		Funds	Funds	2020-21	2019-20
	Donations						411,967	67,022	478,989	568,639
	lvlembers	hips					43,237		43,237	40,665
	Donations	from	fundrais ing events				9,155	14,044	23,199	377,495
	Gitts in kind (note 6)						16,968		16,968	12,292
							481,327	81,066	562,393	999,091
							lJnres tricted	Restricted	Total	Total
3.	INCOi&IE	FROi&l CHARITAIILE			ACTIVITIES		Funds	Funds	2020-21	2019-20
	Grants received						73,611	3,641,020	3,714,631	2,554,722
							unresh icted	Restricted	Total	Total
4.	INCOiIIEAND		EXPENDITIIREFROi&ITRADING			ACTIVITIES	Funds	Funds	2020-21	2019-20
	Sales						14,819		14,819	20,534
	Cost ofsales						(7,455)		(7,455)	(9,261)
	Net profit	fiomtrading		activities			7,364		7,364	11,273

							Unrestricted	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
5.	VCPEVDIIREON CHARITABLEACTIV!TIES						Funds			Funds		2020-21	2019-20
	Project expenditure										4,336,691	4,336,691	2,4-b,622
	Project support and education			costs (note 10)			166,797					166,797	138,339
							166,797				4,336,691	4,503,488	2,5S3,961
6.	GIFTS KV KliVD											2020-21	2019-20
	incan' fromdonations		and legacies includes the follotving				in respect ofgiffs	in	kind:
	Goods and services for		fundraising		activities							79	510
	Services											16,889	11,782
												16,968	12,292
	The equivalent anlunts,		included		as resources	expended	under the appropriate		categories,		are as follosvs:
	Activities for generating		hmds									10,728	4,642
	Support costs											6,240	7,650
												16,968	12,292
7.	GOVERNANCE COSTS											2020-21	2019-20
	(included in support costs - note 10)
	Auditor's remuneration											1,700	1,500
	Legal and professional	fees										9,411	12,392
													13,892
8.	NEI' INCOi&IE/ (EG'EVDITI.fRE)				FOR THE%VAR							2020-21	2019-20
	Net inconte (expenditure)		for the	year is stated		after charging:
	Depreciation											8,304	18,000
	Auditor's remuneration											1,700	1,500
	Rent charge											43,800	43,800
	Loss/(gain) on foreign exchange											101,671	(41,845)

	Notes to the acc	Notes to the acc	Notes to the acc	Notes to the acc	Notes to the acc	Notes to the acc	ounts (continued)
9.	AiVALYS IS OFSTAFFCOSTS,TRI 'STEE REilILlNERATION						AND VKENSES	2020-21		2019-20
	Staffcosts incurred	during	the	year:
	Wages and salaries							243,340		248,009
	Social security costs							19,176		19,569
	Pension costs							21,762		22,339
								284,278		289,917
	The average number	ot persons		employed	by the charity	during	the year tvas nuie.
									No.	No.
	Fund-raising								4	4
	Project support								2	2
	klanagentent and administration								3	3

					Note	s to the accou	nts (cont	inue	d)
10.	ANAL%'SIS	OF	MPEVDITI.RE			2020-21	2020-21		2020-21	2020-21		2019-20
						Fund-	Project support		Support costs	Total		Total
						raising	& education
	Direct fundraising			costs
	Marathons					2,405					2,405	17,092
	Other events					5, 178					5,178	84,548
	Newsletter,	website		development	and PR	58,366				58,366		31,514
						65,949			0	65,949		133,154
	Personnel costs
	Salaries, trainutg		and recruitnxnt		costs	133,443	67,356		86,661	287,460		298,767
	Overseas travel							208	0		208	4,504
	OAice costs
	Rent &rates					24,306	12,268		15,7S5	52,359		52,248
	Office services					1,421		717	923		3,061	2,925
	Equipment					271		137	176		584	2,539
	Telephone &fav					482		243	313		1,038	1,285
	Postage					7,506	1,265		1,628		5,399	6,859
	Stationery					74		37	4S		159	525
	Support ntaterials					371		187	241		799	799
	Other costs
	Travel					0		0	0		0	686
	Entertaining					22		ll	14		47	665
	Legal &professional					0		0	11,111	I	1,1I I	12,642
	Bank charges					0		0	1,645		1,645	822
	Depreciation					3,855	1,946		2,503		8,304	IS,000
	Evchange differences					0		0	101,671	101,671		(41,845)
	Sundries					69		34			147	390
	Irrecoverable	VAT				10,444	5,272		6,782	22,498		25,814
						177,264	89,681		229,545	496,490		387,625
	Allocation ofsupport			costs		152,429	77,	116	(229,545)		0	0
	Totals					395,642	166,797		0	562,439		520,779

		Oflice
		Equipment and
11. TANGIBLE EDGEDASSEfS		software
Cost
At I April 2020		71,437
Correction to cost as at I	April 2020	18,600
Additions
Dis p os als
At 31 Ivlarch 2021		90,037
Dept eciation
At I April 2020		44,295
Correction to depreciation	as at I April 2020	18,600
Charge foryear		8,304
Disposals
At 31Ivlarch 2021		71,199
Net Book Value
At 31lvfarch 2021		18,838
At 31 Ivlarch 2020		27,142
12. STOCKS		2020-21	2019-20
Merchandise		5, 128	5,462
		5, 128	5,462
13. DEBTORS		2020-21	2019-20
Uncleared bankdeposits			1,211
Other debtors
			1,211
Prepayments and Accrued	income
Other debtors		3,451
Prepayments		61,797	38,83S
Accrued inconte		152,263	86,664
		217,511	125,502
14. CREDITORS: Ai&IOLriiTS FALLING DUE		2020-21	2019-20
IVITHIN ONE %VAR
Trade creditors			6,078
Taxation and social security costs			2,382
			8,460
Accruals and deferred income
Accruals		4,618	4,281
Deferred incoine		262,555	151,052
		267,173	155,333

				Note	s to	s to	the accou	nts (	contin	ued)	ued)
	ANALYSIS OFSIOVEIIHVTS IN	RESTRICTED		As at I	April		Incoming	Transfer	from	Transfer			Evchange	rate	Outgoing	As at	31
15.	FtiilDS			2020			resources	un-restricted		betneen	funds		differences		resources	ilLsrch	2021
				f			f	f		f			f		f	f
	A&ican Rhino Specialist Group, A&ica				38,256		37,642		1,099			0		-3,031	43,805		28,161
	Fotlosv-the-money investigation, Africa					0	45,673		19,085			0		-1,528	63,145		85
	TRAFFIC, China				14,996		0		0			0		0	14,983		13
	Indian Rhuio Vision 2020, India					0	5,855		0			0		-2'37	5,632		0
	JRSCA, Indonesia					80	46,663		14			0		-84	46,583		90
	Rhino Protection Unit programme, Indonesia					110	19,597		32			990		41	20,685		85
	Sumatran Rhino Sanctuary, Indonesia					33	38,511		20,025		-990			-53	57,668		58
	APLRS, Kenya			146,177			2 274 227		1,56:I	-I,146,973			-37,&31		860,981	376,763
	Big Life Foundation, Kenya					0	28,-183		30		39,939			0	68,447
	Borana Conservancy, Kenya					540	IS9,831		154		367,797			0	556,310		2012
	Kenya Ivitdlife Service, Kenya					0	0		10		19,771			0	19,781		0
	Leiva VVitdltfe Conservancy, Kenya					0	32546		101		209,860			-571	241,936		0
	Northern Rangelands Trust, Kenya					0	20,341		154		29,059			-357	49,197		0
	OIJogi, Kenya					300	97,479		160		370	730		-60	417.071		1,038
	01Pejeta Conservancy, Kenya					0	32,546		0		93,393			0	I3&,969		0
	ivlEFT, Vimnibis			261,240			178,300		20,159			0		-9,920	375,138		74,641
	Save the Rhino Trust, iVamibia					310	66,654		649		16,273			-174	79,444		4.268
	Gashaka Gunui National Pa@,Nigeria				S,063		0		5			0		J	8,065		0
	Hluhlutve-iiVIfolozi Park, South A&ica					295	84,897		20			0		-115	76,086		8,421
	Regional Canine Coordinator, South	Afiica		39,084			0		10			0		-3,948	225		34,921
	uhtkhuze Ganie Reserve, South Africa					518	95,470		7,785			0		-449	81,605		21,719
	Welgevonden Game Reserve, South	Afiica			1,623		91		0			0		0	0		1,714
	Sud-South Sudan					0	0		754			0		0	754		0
	ivlkomazi Rhino Sanctuary, Tanzania					i55	9,386		24,613			0		0	34,&»4		0
	Rhino Fund Uganda, Uganda					0	0		41		24,567			0	24,608		0
	EnvironnientalInvestigation Agency, UK					0	36,507		10			0		'i39	24,211		lo 545
	Rhino Resource Center, UK					0	0		1,000			0		0	1,000		0
	Education for iVature Vietnam					0	7,177		12			0		-307	6,827		60
	TRAFFIC, Vietnam			50,151			210		0			0		0	18,685		31,676
	iVorth Luangiva Conservation Programme,		Zambia	657,		107	367,587		I,168		16,273		-32,064		979,107		30,96-1
	iVsumbu-Tanganyika Conservation	Project, Zambia		&»,480			-4		34			0		-1,629	21,881		0
	Gonarezhou Consen ation Trust, Zimbabive					432	998		0			0		0	0		1,430
	Loivveld Rhino Trust, Zimbabvve				3,809		5,419		1,374			0		50	10,608		44
	Transfers to fundraising costs					0	0		-9,811		9,811						0
	Total			1/46,469			3,722,086						91,-132		4/36 691	630,713

COilItiIITilIEVTS ViiDER OP~TIiVG LEASES	COilItiIITilIEVTS ViiDER OP~TIiVG LEASES				2020-21	2019-20
As at 31lvlarch 2021,the charity	had non-cancellable	operating	lease commitntents	as follows:
Due under 1 year					43,800	43,800
Due in over 1 year and not later	than 5years				43,800	87,600
					87,600	131,400

The aggregate	eniployee	eniployee	received by CEO Cathy	Dean in 202-21 were 633,391	Dean in 202-21 were 633,391	(2019-20:f33,394).
The CEO and	Tmstees	made donations	and nxrchandise	/ ticket purchases	as follows:
						2020-21	2019-20
Donations:
Cathy Dean (CEO)						307	86
George Stephenson						7,200
Jim Hearn						120	120
Joe Steidl						1,010
Merchandise	/ ticket purchases:
Cathy Dean (CEO)							37
Henry Chaplin							57
Samantha Fletcher							165
Tim Ho lnies							488
Dave Stirling							14
Jim Hearn							115
Joe Steidl						10

mparative fig	ure	s	(2019-20)
						Unrestricted	Restricted	Total	Total
				Viotes		Funds	Funds	2019-20	2018-19
									f.
Income from:
Donations and legacies						3S0,694	618,397	999,091	1,040,139
Charitable activities						374,432	2,180,290	2,554,722	1,654, 192
Other trading activities						20,534	0	20,534	16,328
Investnients						395	0	395	275
Total income						776,055	2,798,687	3,574,742	2,710,934
Expenditure on:
Rais aig funds					10	382,440	0	382,440	404,884
Charitable activities					5, 15	138,339	2,445,622	2,583,961	1,986,118
Other						9,261	0	9,261	3,465
Total expenditure						530,040	2,445,622	2,975,662	2,394,467
iVet income/(expenditure)			for the year			246,015	353,065	599,080	316,467
Tiansfers betueen	funds				15	(174,141)	174,141	0	0
iVet moxement in funds		for	the year			71,874	527,206	599,080	316,467
Reconciliation ofFunds
Total funds brought	fotxvard					374,104	719,263	1,093,367	776,900
Total funds carried	fornard					445,978	1,246,469	1,692,447	1,093,367

AiVALYSIS	OF	EG'EVDITLIRE		2019-20	2019-20	2019-20	2019-20		2019-20	2018-19
				Fund-	Project support	Support	costs		Total	Total
				raising	& education
						f.
Direct fundrais		ing costs
Ivlarathons				17,092					17,092	16,800
Other events				84,548					84,548	97,396
Newsletter,	ivebs ite developnient		and PR	31,514					31,514	22,288
				133,154				0	133,154	136,484
Personnel costs
Salaries, training		and recruitment	costs	134,179			97,927		298,767	272,312
Overseas travel									4,504	5,514
Office costs
Rent &rates				23,464	11,659		17,125		52,248	66,269
OEHce services				1,313	653			959	2,925	6,784
Equipment				1,140	567			832	2,539	3,298
Telephone &fav				577	287			421	1,285	1,488
Postage				3,081	1,530		2,248		6,859	7,057
Stationery				236	117			172	525	433
Support materials				359	178			262	799	300
Other costs
Travel				308	153			225	686	822
Entertaining				299	148			218	665	882
Legal &professional				250	0		12,392		12,642	14,230
Bank charges				0	0			822	822	756
Depreciation				8,084	4,016		5,900		18,000	15,919
Evchange differences				0	0	(41,845)			(41,845)	(7,251)
Sundries				175	87			128	390	581
Irrecoverable	VAT			11,593	5,760		8,461		25,814	28,315
				185,058	96,320		106,247		387,625	417,709
Allocation ofsupport costs				64,228	42,019	(106,247)			0	0
Totals				382,440	138,339			0	520,779	554,193

AiVALYSIS OF AIOVEIIEsITS IN RESTRICTED	AiVALYSIS OF AIOVEIIEsITS IN RESTRICTED	AiVALYSIS OF AIOVEIIEsITS IN RESTRICTED	AiVALYSIS OF AIOVEIIEsITS IN RESTRICTED	AiVALYSIS OF AIOVEIIEsITS IN RESTRICTED	As at I	April	Incoming	Incoming	Transfer	from	Transfer	Transfer		Rvchange	rate	rate	Outgoing	Outgoing	Outgoing	As at	31
15. FUtVT)S					2019		resources		un-restricted		behmen	funds		diA'erences			resources			islarch	2020
					f						f								f	f
A&ican Rhino Specialist Group, A&ica						28,849		48,289		9,154			0		3,025				51,061		38,256
TRAFFIC, China						14,996		0		0			0			0			0		14,996
Garamba National Park, DRC						0		0				11.563				0			11,568
Virunga National Park, DRC						0		0				11,430				0			11,435
Indian Rhuio Vision 2020. India						79		3,060		0			0			-16			3,123
Javan Rhino Study and Conservation	Area,		Indone			827		769		10,018			0						11,074		80
Rhuio Protection Unit progranutte, Indonesia						1.148		5,508		9			0			0			6,555		110
Suniatran Rhino Sanctuary, Indonesia						950		60,176		39,302			0			0			100,195		o33
Association ofPrivate Land Rhino Sanctuaries,				Kei	101,124			406,638		3,583	-233,472				-1,209				130,487	146,177
Big Life Foundation, Kenya						35		60		0			0			0			95
Borana Conservancy, Kenya						5,5I6		67,523		64		37,925				31			110,519
Kenya IVildfife Service, Kenya						0		0		6,489		7,650				0			14,139
Leiva XViidlife Conservancy, Kenya						0		0		51		32,436				0			32,487
Northern Rangelands Trust, Kenya						0		13,906		10		7U,OI I				0			38,927
OIJogi, Kenya						2,086		133,968		5,099		34,802				251			175,906		300
Ol Pejeta Conservancy, Kenya						0		0		19		76,139				0			26,158
Liivonde Viational Pak, hlalaxvi						0		0		20,005			0			0			20,005
IVlinistry ofEnvironment and Tourism,	iVamibia				124,843			413,099		13,011			0		14,782				306,495	761,240
Save the Rhino Trust, Vianubia						4,500		122,544		77589			0			353			149,676		310
Gashaka Gumti iVational Park, Nigeria						0		0		5		7,745				0			-313		8,063
Hluhluive-iMfoioziPark, South A&ica						J,S10		234,367		6,191			0			602			247,265-		295
Regional Canine Coordinator, South Africa						14,271		45,096		1,551			0		1,919				23 753	39,084
uii lkhuze Game Reserve, South Africa					10,618			97,435		43			0						107,538		518
IVelgevonden Gante Reserve, South A&ica						0		1,623		0			0			0			0		1,623
Sud-South Sudan						0		0		833			0			0			833
Big Ganie Parks, Sivaziland						250		6,900					0			0			7,155
itlkontazi Rhino Sanctuary, Tanzania						88		-11,355		3,583			0		419				44,352
Environmental Investigation Agency,	UK					0		0		4,735			0			0			4,735
Rhino Resource Center, UK						0		0		1,000			0			0			1,000
Education for iVature Vietnam						3,534		11,737		110			0		520				15,901
TRAFFIC, Vietnam					50,151			0		0			0			0			0	50,151
North Luangiva Conservation Programme,		Zambia			344,845			950,492		3,565		7,708			16,837				666,340	657,107
Nsumbu-Tanganyika Conservation Project, Zambia						0		110,134		26			0		-875				85,805	23,480
Gonarezhou Conservation Trust, Zimbabive						I,128		1,809		122			0			0			2,627		43
Loivveld Rhuio Trust, Zintbabive						615		22699		19,368			0		-147				38,726		3,809
Transfers to fundraising costs								0	-31,063			31,063				0			0
Total					719263		2 798,687		141,-187					32,654			2	4-15,622		1246,469
The trans lars betiveen funds off174,141 include				the	eschange diAerences.
ISP/o ofrestricted donations Igrants etc. are			allocated to the			specilied	beneficiary project or programme.
Refer to the Trustees' report for niore details.
Grants received via the APLRS 'For Rangem'			initiative		are initially restricted			to the APLRS, but		are then	granted	out	to a range ofbeneliciaries,					many ofivhich
overlap udth SRI's priority programmes,	but	others ofivhich ivork ivith					different species or locations. Transfers					betueen		APLRS and		For	Rangers		totalled 8233472;
the net tmnsferbetsveen funds is XO.