OpenCharities

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

2024-03-31-accounts

Save the Rhino International Annual Report 2023–24

Save the Rhino International

Annual Report 2023–24

Contents

Contents
Report of the Trustees for the year ended 31 March 2024 3
Objectves and actvites for the public beneft 4
Financial review 34
Structure, governance, and management 37
Future plans 39
Statement of Trustees’ responsibilites 40
Independent auditor’s report to the Trustees of Save the Rhino Internatonal 41
Statement of fnancial actvites, including income and expenditure 43
Balance sheet 44
Statement of cashfows 45
Notes to the accounts 46
Comparatve fgures 2022–23 56

2

Report of the Trustees for the year ended 31 March 2024

The Trustees present their annual report and financial statements of the Charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s trust deed, the Charities Act 2011 and 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 published on 16 July 2014.

Objectives and activities for the public benefit

The purposes of Save the Rhino International (SRI) are the advancement of the conservation of species of wildlife that are in danger of extinction in the wild state particularly (but without prejudice to the generality of the foregoing) as this relates to the preservation of the black rhinoceros, white rhinoceros, the Greater one-horned rhinoceros, the Javan rhinoceros and the Sumatran rhinoceros, which species (hereinafter referred to as “the Rhinoceros species”) are in danger of extinction in the wild state.

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit under Section 17 (5) of the 2011 Charities Act when reviewing the Trust’s aims and objectives, in planning future activities, and setting the grantmaking policy for the year.

Vision

All five rhino species thriving in the wild for future generations

Mission

Collaborating with partners to support endangered rhinos in Africa and Asia

Strategic focus

SRI focuses on Key 1 and Key 2 populations of Critically Endangered rhinos (currently black, Sumatran and Javan), with the long-term aim of the species being down-listed to a lower category of threat in the IUCN Red List

Strategic activities

SRI maintains close relations with its field partners to maximise its technical knowledge and ability to ensure that resources are delivered to the points of greatest need; actively raises funds to disburse to field programmes; facilitates international collaboration and the dissemination of best practice; and actively communicates with key audiences to promote understanding of and support for rhino conservation.

Strategic KPI

All five species of rhino at a lesser category of threat than Critically Endangered

Grant-making policy

SRI’s funding priorities are clearly explained in the Charity’s updated Grant-making Policy (approved at the March 2020 Trustees’ meeting) and on the website, together with exclusions and those that are regarded as low priority by SRI.

Grant applicants must complete an application form, available on SRI’s website, which is first assessed by the CEO to determine whether the programme or project meets with basic selection criteria. If the project does not match SRI’s funding priorities, the CEO informs applicants that they have not been successful. If the application is accepted for consideration, the CEO liaises with the programme or project regarding any additional information required. Proposals are then considered by our Trustees, who meet quarterly. SRI’s senior staff read proposals put forward to the Trustees, but ultimately the decision on whether to fund a programme or project is that of the Trustees. It is possible that the Trustees may not reach an immediate decision, but ask for further information or changes to be made, before considering the proposal again at their next quarterly meeting; alternatively, decisions may be made following email discussion.

Generally, grants are made to the named organisations, but occasionally they are made direct to employees, consultants or suppliers appointed by those organisations, to reduce commission charges or transaction fees, i.e., to achieve value for money. Under each key component of our conservation strategy, we fund various activities as described on page 7 onwards.

4

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

A review of our achievements and performance

How our grant and research programmes deliver public benefit In the long-term, the impacts that Save the Rhino hopes to make in 20+ years’ time and working in conjunction with other organizations, rather than solely due to SRI’s efforts, are that:

Details of grants

During the financial year 2023–24, SRI made grants totalling £3,856,059 to rhino conservation programmes. Please also see note 15 for an analysis of restricted funds received and allocated. 100% of restricted donations or grants are allocated to the specified beneficiary field programme or project.

Protecting viable populations of rhinos in Africa and Asia continues to be our primary focus, receiving 61.9% of our rhino programme grants: the high proportion is not surprising given the poaching crisis. We awarded 14% to biological management and monitoring activities, 0.7% to stopping illegal markets, 20.2% to capacity building, particularly improving ranger welfare conditions, 1.1% to coordination efforts, 1.8% to community engagement and conservation education programmes; and 0.3% to developing sustainable financing for conservation.

For the GBP total awarded to each field programme, please see page 34 . Subtotals have been rounded to the nearest pound.

Beneficiaries of the Charity’s work include rhinos and other species of wildlife that share the same habitat; the protected areas; rangers and other staff members employed by NGOs, community conservancies, private sector or state agencies managing the associated national parks, reserves, conservancies or sanctuaries; scientists and researchers; communities able to participate in site-specific rhino conservation activities; and the wider public worldwide, who value and are concerned about the rich biodiversity of the planet.

5

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024 a Protecting viable populations of rhinos in Africa and Asia continues to be our primary focus, receiving 61.9% of our rhino programme grants.

os7 6 .

,

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Protection, law enforcement, investigations and intelligence

Total £2,387,420

Ujung Kulon Natonal �We sent grants and donatons from a number of donors to support the costs of
Park, Indonesia the Rhino Protecton Units, which patrol the Park to look for signs of Javan rhinos
£22,987 (footprints, faeces, mud wallows and browse actvity) and also to deter, detect and
detain any illegal trespassers within the Park: £4,500 from an anonymous donor;
£115 received in miscellaneous donatons via our website; $1,110.26 (including
$259.58 and $247.70 from Sanctuary); and £5,000 from the Simon Gibson
Charitable Trust
�We sent another series of grants to support the costs of the RPUs in Ujung Kulon NP:
£3,835 (£3,000 from the Marjorie Coote Animal Charity Trust; £750 raised by
Bethany Hahn; and £85 received in miscellaneous donatons via our website); and
€10,000 from Wilhelma Zoological and Botanical Garden, Stutgart
�And £20 from core funds for transfer fees
Way Kambas Natonal �We sent £225 received in miscellaneous donatons, to be allocated to the Rhino
Park, Indonesia Protecton Unit (RPU) programme in Way Kambas NP in the southeast of Sumatra,
£325 home to the Sumatran Rhino Sanctuary. The RPUs patrol the Park to look for signs of
rhinos (spoor, dung, browse, wallows) and also retrieve and destroy any snares they
fnd, and report any illegal actvites, e.g. logging
�We sent another £100 received in miscellaneous donatons via our website
Associaton of Private and �We allocated £6,200 from ForRangers Ultra funds to buy surveillance equipment, to
community Land Rhino assist Mogwooni’s rangers with dealing with security threats. The runners go through
Sanctuaries, Kenya – Mogwooni Conservancy on the last day of the Ultra
ForRangers �We awarded £32,328 from funds raised by the 2023 ForRangers Ultra, to pay for
£38,528 surveillance equipment for the rangers working at Lolldaiga, Ole Naishu, Mugie,
Sosian and Suyian conservancies. It is hoped that, eventually, some of these will
become rhino guardians, to expand the rhino range across the Laikipia landscape
Associaton of Private and �$3,638 from the Bureau of Internatonal Narcotcs and Law Enforcement Afairs via
community Land Rhino Project UPTICK to help cover the salary of 51 Degrees’ Intelligence Assistant
Sanctuaries, Kenya –
51 Degrees Ltd		 �$13,925.45 from INL via Project UPTICK to help cover the salary of 51 Degrees’
Intelligence Assistant (backdated for a period of months), who analyses intelligence
£16,713 and prepares reports for site managers
�$1,819 from INL via Project UPTICK to help cover the salary of 51 Degrees’
Intelligence Assistant for January 2024, and again in February 2024, who analyses
intelligence and prepares reports for site managers

7

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Borana Conservancy, Kenya �We sent $2,675 from the Bureau of Internatonal �£16,000 received from an anonymous donor via
£119,543 Narcotcs and Law Enforcement Afairs’ (INL)
grant for Project UPTICK to cover the cost of		 Wild Philanthropy will cover the rest of the cost
(in additon to Ardea Cares’ grant) of a new Land
intelligence gathering and analysis during March Cruiser for the NPR team
2023, and another $4,408 for LoRa WAN and
EarthRangerTMsupport costs during March 2023		 �INL’s grant via Project UPTICK covered
the following: $4,408 for LoRa WAN and
�We sent $2,675 from INL for intelligence EarthRanger support costs during October
gathering and analysis during April 2023, and 2023, and the same again in November; $2,675
$4,408 for LoRa WAN and Earth Ranger support for intelligence gathering and analysis during
costs during April 2023 October 2023, and the same again in November
�We sent $2,675 from INL for intelligence �We sent $9,025 from USFWS (part of its Y3
gathering and analysis during May 2023, and grant covering calendar year 2024) to pay
$4,408 for LoRa WAN and EarthRanger support for 95 new Moto TRBO digital radios at $95.
costs during May 2023 Communicatons are key to efectve patrolling,
�$2,675 from INL paid for intelligence gathering
and analysis during June 2023, and another
$4,408 from INL covered LoRa WAN and		 and all radios are linked to the EarthRanger
system, so that the ops room can immediately
see where each ranger is
EarthRanger support costs during June 2023 �$4,408 from INL paid for LoRa WAN and
�Thanks to a grant from the ForRangers Ultra
funds, we were able to send £6,200 to buy
surveillance equipment, to assist Borana’s
Natonal Police Reservists with dealing with		 EarthRanger support costs during December
2023, and another $2,675 from INL
covered intelligence gathering and analysis
during December 2023
security threats �INL’s grant via Project UPTICK covered
�$2,675 from INL paid for intelligence gathering
and analysis during July 2023; another $2,675
for work during August, and $1,000 for the
biannual site-visit and on-site training by
51 Degrees’ Intelligence Assistant		 the following: $4,408 for LoRa WAN and
EarthRanger support costs during January
2024, and the same again in February; $2,675
for intelligence gathering and analysis during
January, and the same again in February
�$4,408 from INL paid for LoRa WAN and �And £117 from core funds for transfer fees
EarthRanger support costs during July 2023;
and the same again for August 2023
�$4,408 from INL paid for LoRa WAN and
EarthRanger support costs, and another
$2,675 for intelligence gathering and analysis
during September 2023

8

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Kenya Wildlife Service, Kenya �We sent $15,493.80 from the INL 4-year sites using EarthRanger: the KWS HQ in Nairobi,
£182,262 grant for Project UPTICK to pay for ongoing
IT support during March 2023 for KWS sites		 nine natonal parks (Tsavo West, Lake Nakuru,
Aberdare, Meru, Ruma, Mt Kenya, Ngulia Rhino
using EarthRangerTM: the KWS HQ in Nairobi, Sanctuary, Amboseli and Shimba Hills), and seven
nine natonal parks (Tsavo West, Lake Nakuru, regional headquarters (Western, Mountain,
Aberdare, Meru, Ruma, Mt Kenya, Ngulia Rhino Tsavo, Southern, Coastal, Central Rif (Lake
Sanctuary, Amboseli and Shimba Hills), and seven Nakuru) and Eastern); and $18,813.90 for from
regional headquarters (Western, Mountain, INL to pay for ongoing IT support during August
Tsavo, Southern, Coastal, Central Rif (Lake 2023 for KWS sites
Nakuru) and Eastern) �We also sent $816 from INL to pay for
�We sent another $15,493.80 from INL to pay for equipment for the operatons room in
ongoing IT support during April 2023 as above Shimba Hills NP
�$5,148 from INL via Project UPTICK went �$18,813.90 from INL paid for ongoing IT
towards the installaton of EarthRanger: $3,786 support during September 2023 for KWS sites
for the set-up of an operatons room in Ngulia using EarthRanger
Rhino Sanctuary, within Tsavo West Natonal
Park; and $1,380 to buy computers for KWS
Regional Headquarters in Rumurut and Narok		 �INL’s grant for Project UPTICK paid $18,813.90
for ongoing IT support for Kenya Wildlife Service
sites in October 2023, and again in November;
�We sent $17,153.85 from INL to pay for and another $2,675 enabled the fnalisaton of
ongoing IT support during May 2023 for KWS the installaton of the Ops Room in Ruma NP
sites using EarthRanger: the KWS HQ in Nairobi,
nine natonal parks (Tsavo West, Lake Nakuru,
Aberdare, Meru, Ruma, Mt Kenya, Ngulia
Rhino Sanctuary, Amboseli and Shimba Hills),
and seven regional headquarters (Western,
Mountain, Tsavo, Southern, Coastal, Central Rif
(Lake Nakuru) and Eastern); and $4,848 for the
installaton costs of EarthRanger in Ruma NP
($2,173 for hardware, and $2,675 for staf tme)		 �$18,813.90 from INL paid for ongoing IT
support during December 2023 for KWS sites
using EarthRanger: the KWS HQ in Nairobi,
nine natonal parks (Tsavo West, Lake Nakuru,
Aberdare, Meru, Ruma, Mt Kenya, Ngulia Rhino
Sanctuary, Amboseli and Shimba Hills), and seven
regional headquarters (Western, Mountain,
Tsavo, Southern, Coastal, Central Rif (Lake
Nakuru) and Eastern)
�As above, we sent $17,707.20 from INL to pay
for ongoing IT support during May 2023 for
KWS sites using EarthRanger		 �We sent $18,813.90 from INL to pay for ongoing
IT support during January 2024, and again in
February, for the KWS sites using EarthRanger
�We sent $17,707.20 from INL to pay for
ongoing IT support during July 2023 for KWS		 �And £154 from core funds for transfer fees
Lewa Wildlife �We sent $2,675 from the Bureau of Internatonal �$2,675 from INL for intelligence gathering and
Conservancy, Kenya Narcotcs and Law Enforcement Afairs’ (INL) analysis during September 2023
£36,560 grant for Project UPTICK (Unitng Protecton,
Training and Intelligence in Central Kenya) to
cover the cost of intelligence gathering and
analysis during March 2023		 �$2,675 from INL paid for intelligence gathering
and analysis during October 2023, and
again in November
�$2,675 from INL for intelligence gathering
and analysis during April 2023		 �$2,675 from INL paid for intelligence gathering
and analysis during December 2023
�$2,675 from INL for intelligence gathering and
analysis during May 2023		 �We sent €2,500 from Roterdam Zoo, together
with $10,000 from the Anna Merz Rhino
Trust, to help cover the annual operatng
�$2,675 from INL for intelligence gathering costs of its K9 unit
and analysis during June 2023 �$2,675 from INL for intelligence gathering
�$2,675 from INL for intelligence gathering and and analysis during January 2024, and
analysis during July 2023 again in February
�$2,675 from INL for intelligence gathering and �And £137 from core funds for transfer fees
analysis during August 2023, together with
another $1,000 for the biannual site-visit and on-
site training by 51 Degrees’ Intelligence Assistant

9

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Ol Jogi Conservancy, Kenya �USFWS Rhino and Tiger Conservaton Fund WAN and EarthRanger support during June 2023
£116,194 awarded extra grants in 2023, in recogniton
of the increased costs as a result of the war in
Ukraine: food and fuel prices have partcularly
sufered. $3,463.57 (from a total additonal
grant of $29,091.89) will cover the increased		 �£6,200 from funds raised by the ForRangers
Ultra runners paid for surveillance equipment,
to assist Ol Jogi’s Natonal Police Reservists in
dealing with security threats
cost of a new Landcruiser for the general �$2,675 from INL paid for intelligence
security team, since we submited the original gathering and analysis, and another $4,408
5-year proposal and budget in 2021.Another for LoRa WAN and EarthRanger support costs
$4,335.16 will pay for bush modifcatons for during July 2023
the new Landcruiser �$2,675 from INL paid for intelligence gathering
�Once Ol Jogi had renewed its registraton and analysis, $1,000 for the biannual site-
in US government records, we were able to visit and on-site training by 51 Degrees’
reimburse the Conservancy for costs incurred IntelligenceAssistant, and another $4,408 for
via Project UPTICK during the 6-month period LoRa WANand EarthRanger support costs
October 2022 to March 2023: $17,050 from during August 2023
INL for intelligence gathering and analysis; and
$26,448 for LoRa WAN and EarthRangerTM
support costs during the 6-month period
October 2022 to March 2023		 �$4,408 from INL paid for LoRa WAN and
EarthRanger support costs, and another
$2,675 for intelligence gathering and analysis
during September 2023
�We then resumed normal monthly reimburse-
ments: $2,675 from INL for intelligence
gathering and analysis, and $4,408 from INL
for LoRa WAN and EarthRanger support costs
during April 2023		 �INL’s grant via Project UPTICK paid $4,408
for LoRa WAN and EarthRanger support costs
during October 2023, and again in November;
and $2,675 for intelligence gathering
and analysis during October 2023, and
�We sent $2,675 from INL for intelligence again in November
gathering and analysis during May 2023
and another $4,408 for LoRa WAN and
EarthRanger support costs during May 2023		 �$4,408 from INL paid for LoRa WAN and
EarthRanger support costs during December
2023, and another $2,675 paid for intelligence
�We sent €2,500 from Roterdam Zoo to pay for gathering and analysis during December 2023
Bennie van Zyl, who runs the K9 unit in North
Luangwa Natonal Park in Zambia, to visit Ol
Jogi to review its K9 unit: to undertake an		 �We sent $4,850 from the Anna Merz Rhino
Trust for new LoRa sensors for Ol Jogi
assessment of the unit, develop new Standard �INL’s grant via Project UPTICK covered
Operatng Procedures (SOP) and protocols, and the following: $4,408 for LoRa WAN and
provide some recommendatons and training EarthRanger support costs during January
etc.. Any surplus will be used to procure new 2024, and the same again in February; $2,675
equipment for the unit for intelligence gathering and analysis during
�$2,675 from INL paid for intelligence gathering January, and the same again in February
and analysis, and another $4,408 paid for LoRa �And £101 from core funds for transfer fees
Ol Pejeta Conservancy, Kenya �We sent $2,675 from the Bureau of Internatonal and another $2,675 for intelligence gathering
£30,478 Narcotcs and Law Enforcement Afairs’ (INL) grant
for Project UPTICK to cover the cost of intelligence
gathering and analysis during March 2023		 and analysis during September 2023
�INL’s grant via Project UPTICK paid $2,675
for intelligence gathering and analysis during
�$2,675 from INL for intelligence gathering October 2023, and again in November
and analysis during April 2023 as above �$2,675 from INL paid for intelligence gathering
�$2,675 from INL for intelligence gathering and and analysis during December 2023
analysis during May 2023 �$2,675 from INL paid for intelligence gathering
�$2,675 from INL for intelligence gathering and analysis during January 2024, and again
and analysis during June 2023 in February 2024
�$2,675 from INL for intelligence gathering and �$5,000 raised by the 2023 ForRangers Ultra
analysis during July 2023 runners was sent to buy a motorcycle ($4,100)
�$2,675 from INL for intelligence gathering and
analysis during August 2023; $1,000 for the
biannual site-visit and on-site training;		 for OPC’s wildlife rangers, 5 new bateries for
rangers’ radios ($400) and $500 for OPC’s
project administraton
�And £99 from core funds for transfer fees

10

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Recovery Vehicle during annual rhino operations scheduled for October and November 2023

11

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Monitoring black rhinos remains crucial for their long-term recovery. Obtaining regular and accurate population information informs key management decisions.

12

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

13

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

14

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

North Luangwa Conservation We forwarded $374,575 from Wildcat Foundation’s Y1 grant towards law-
Programme, Zambia enforcement activities in North Luangwa National Park: salaries for Village Game
£1,132,228 Scouts and the Strategic Law-Enforcement Technical Advisor; training; incentives
for excellent performance; vehicle fuel maintenance; and aerial surveillance (Cessna
fixed-wing aircraft and helicopter)
We sent $300,000 from the Wildcat Foundation to help cover the cost of law-
enforcement activities in North Luangwa National Park as above
We sent $100,000 from Wildcat Foundation towards law-enforcement activities in
North Luangwa National Park as above
A grant of $12,500 from the Anna Merz Rhino Trust was allocated to NLCP’s fuel and
diesel requirements: specifically, through the provision of vehicle fuel for the Rhino
Monitoring Unit to carry out vital monitoring patrols in the Rhino Conservation Area
(RCA) for the full 2024 calendar year
We sent a total of $625,000 from the Wildcat Foundation towards law-enforcement
activities in North Luangwa National Park: salaries for Village Game Scouts and
the Strategic Law-Enforcement Technical Advisor; training; incentives for excellent
performance; vehicle fuel maintenance; and aerial surveillance (Cessna fixed-wing
aircraft and helicopter)
And £280 from core funds for transfer fees
Lowveld Rhino We arranged for the delivery of $5,000 from the Anna Merz Rhino Trust, and
Trust, Zimbabwe £8,000 (£7,857.73 from the International Rhino Foundation, and £142.27 from
£12,008 miscellaneous restricted donations via our website) for the Lowveld Rhino Law-
Enforcement Task Force (LRLETF), which operates to integrate intelligence to prevent
rhino poaching and improve prosecutions It is independently managed at an interface
with the Zimbabwe Republic Police, supported financially and logistically by a
consortium of support agencies

15

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Biological management

Total £540,375

Indian Rhino �€2,500 from Roterdam Zoo for Greater one-horned rhino conservaton eforts was
Vision 2.0, India allocated to habitat restoraton in Manas NP in Assam
£16,186 �€5,000 from Parc animalier et botanique de Branféré, and $12,000 from the Scot
and Jessica McClintock Foundaton, was sent to help cover the remaining unfunded
needs of habitat maintenance work in Manas NP; any remaining funds will be
allocated to the Wildlife Crime Training Courses
�And £18 from core funds for transfer fees
Ujung Kulon Natonal �We sent £261 received in miscellaneous donatons via our website, together with
Park, Indonesia $2,538.37 from Sanctuary, to be allocated to Arenga palm removal. This invasive
£2,310 plant chokes out the indigenous plants found in Ujung Kulon NP that are eaten by
the Critcally Endangered Javan rhino; by increasing the amount of browse available,
conservatonists are efectvely increasing the carrying capacity of the Park
�And £9 from core funds for transfer fees
Way Kambas Natonal �We were able to send £19,903.81 raised by the “Room to rhino” appeal for Way
Park, Indonesia Kambas NP, held during November and December 2023, to be used for the
£19,922 reaforestaton project that will restore degraded habitat in and around the Park,
as well as provide fodder for the breeding populaton of rhinos in the Sumatran
Rhino Sanctuary
�And £18 from core funds for transfer fees
Sumatran Rhino �We sent grants from a number of sources to the Sumatran Rhino Sanctuary, located
Sanctuary, Indonesia in Way Kambas NP in southern Sumatra, Indonesia, which is home to a captve
£78,499 breeding populaton of Sumatran rhinos. This comprised: £2,322.32 from West
Midland Safari Park; £987.12 received in miscellaneous donatons via our website;
€8,000 from Odense Zoo; €2,422.50 from Zoo Hodinin; and €260 from Tallinn
Zoo – Fondaton Lutreola
�€12,805 from Tallinn Zoo – Fondaton Lutreola was sent to help cover
Sanctuary running costs
�We sent £416 received in miscellaneous donatons via our website, and £3,500 from
West Midland Safari Park, to help cover Sanctuary running costs
�We sent €52,800 from Wilhelma Zoological and Botanical Garden, Stutgart, and
another €3,000 from Dublin Zoo, to help cover the running costs of the Sanctuary,
where two Sumatran rhino calves were born in late 2023
�And £27 from core funds for transfer fees
Associaton of Private and �We sent $153.47, from the grant of $25,000 from the Donald and Maureen
community Land Rhino Green Foundaton, to reimburse the AfRSG’s Scientfc Ofcer, Dr Sam Ferreira, for
Sanctuaries, Kenya – miscellaneous costs associated with his partcipaton in workshop to develop a new
Administrator habitat-assessment protocol, to inform rhino range expansion in Kenya
£132 �And £11 from core funds for transfer fees

16

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

17

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

18

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

19

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Lowveld Rhino Trust, �We were pleased to award $12,000, thanks to a grant from the Scot and Jessica
Zimbabwe McClintock Foundaton, to be used to help cover general rhino monitoring costs in
£16,019 Bubye Valley Conservancy: salaries, ratons, and vehicle fuel and maintenance
�€7,000 from Dublin Zoo was awarded, split as follows: €3,000 towards the salary
of the Rhino Operatons Coordinator (Lovemore Mungwashu) and €4,000 towards
LRT’s general ofce running costs (legal advice, accountng, and administraton)
�£480 from core funds was used to pay for work during January to September 2023
on updatng LRT’s extensive database on rhino sightngs in Bubye Valley Conservancy
�And £28 from core funds for transfer fees
Stopping the illegal trade
Total £26,669
Educaton for Nature- �We sent €8,000 from Zoo de la Barben; to be allocated to Educaton for Nature-
Vietnam, Viet Nam Vietnam’s Wildlife Crime Hotline for Public Service Announcements. The Hotline
£6,873 receives an average 10 reports/ day of wildlife crimes involving diferent species
�And £9 from core funds for transfer fees
Environmental Investgaton �We sent $25,000 from Ardea Cares to help cover the costs of Y3 of the “Changing
Agency, China China” project to advocate for the adopton of a new State Council order and/or
amendments to China’s wildlife laws; to encourage and amplify diverse voices calling
£19,796 for an end to trade in threatened wildlife; and to undertake research and produce
analysis to support policy recommendatons
�And £5 from core funds for transfer fees

20

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Supporting rangers, by funding training, equipment and improvements to accommodation , is boosting capacity and effectiveness of vital rhino monitoring and protection teams.

Fis) OE 21 - = eS”Et

=

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Capacity building

Total £777,675

African Rhino Specialist �We sent £5,611.93 from The Pachyderm Journal �We sent £500 from the sale of a paintng
Group –Pachyderm Fund established by the estate of Esmond by Robert Bateman paintng to pay the fnal
£26,745 Bradley Martn and managed by the Royal
Geographical Society as sole Trustee towards the		 invoice relatng to the producton of issue
64 of Pachyderm
cost of producing issue 64 of Pachyderm. �We awarded €1,500 from Save the Rhino’s core
�A further $1,982 from Save the Elephants, funds towards the editng and producton costs
and $1,504.35 from Oak Philanthropy UK Ltd of issue 65 of Pachyderm
paid the balance of an invoice for the cost of
producing issue 64 of Pachyderm		 �We sent £1,961.19, being the remainder of the
sum raised from the sale of a paintng of a black
�$2,070 from Oak Philanthropy UK Ltd was used rhino by Robert Bateman, towards the editng
to pay for editng costs for an artcle for issue 64 and producton costs of issue 65 of Pachyderm
of Pachyderm that required a lot of input �We sent $11,900 (from the total grant of
�We sent the remaining $4,225.65 from Oak $11,982) from Save the Elephants, for the
Philanthropy (UK) Ltd’s grant to pay towards the producton of issue 65 of Pachyderm
costs of producing issue 64 �And £66 from core funds for transfer fees
Canine units, Africa �We sent $7,799.02 (from the total grant of �$204.09 from the SRI Inc. grant to reimburse
£35,510 $65,000 awarded by our sister organisaton,
SRI Inc.) to pay the deposit to secure the South		 Save the Rhino’s Operatons Manager, who is
leading this workshop, for her travel to Heathrow
African Wildlife College as the venue for the to atend the K9 workshop
fourth canine workshop, to be held in September
2023. The workshop involved partcipants from
a wide range of rhino programs across southern
and eastern Africa and expert speakers from all		 �$686.39 from the SRI Inc. grant to pay for hotels
needed by K9 workshop atendees on their way
to/from the South African Wildlife College
over the world on practcal training, detecton, �Save the Rhino donated £17.16 worth
and tracking sessions, veterinary care, welfare, of wristbands for partcipants in the K9
husbandry, conditoning and ftness and workshop, and £174.21 worth of T shirts, as
law enforcement thank you presents for the speakers and as
�We sent $665 from Save the Rhino Internatonal prizes for the rafe
Inc.’s grant to pay Natasha van Zyl for her �$2,827.02 from SRI Inc.’s grant was used to
administratve and logistcs support during June pay Natasha van Zyl for her administratve and
for the fourth canine workshop logistcs support during September, as well as
�$1,085 from SRI Inc.’s grant paid Natasha van
Zyl for her administratve and logistcs support
during July for the fourth canine workshop; and
another $1,225 her work during August		 to reimburse her for statonery items and travel
costs. Another $5,843.50 paid the balance
charged by the South African Wildlife College,
which acted as the venue for the fourth canine
workshop. And £64.14 from the SRI Inc. grant
�$21,672.83) from SRI Inc. for fights for 22 reimbursed SRI staf member Yasmin Morowa for
partcipants in the K9 workshop held at the cellphone data and ant-malarial medicaton while
South African Wildlife College in South Africa in she was delivering the K9 workshop in September
September 2023; and then another $3,169.93
to pay for the fights for atendees of the K9
workshop who received travel bursaries		 �We received a refund of £886.42 from Key
Travel for cancelled fights for the September
2023 K9 Unit workshop
�And £66 from core funds for transfer fees

22

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Associaton of Private �We sent $1,455 from INL via Project UPTICK �$970 from INL via Project UPTICK for 51
and community Land for 51 Degrees’ trainer to write up reports on Degrees’ trainer to write up reports on training
Rhino Sanctuaries, Kenya – training courses delivered for rangers in Laikipia- courses delivered for rangers in Laikipia-
51 Degrees Meru conservancies. These reports are tracked Meru conservancies
£5,819 via EarthRangerTM, and show progress at unit
and individual ranger levels, and help inform
Conservancy Managers and HR departments of
any issues that need addressing, or of individuals
that merit promoton		 �$970 from INL via Project UPTICK for 51
Degrees’ trainer to write up reports during
September on training courses delivered for
rangers in Laikipia-Meru conservancies
�$970 from INL via Project UPTICK paid for 51
Degrees’ trainer to write up reports on training
courses delivered for rangers in Laikipia-
Meru conservancies		 �$485 from INL via Project UPTICK paid for 51
Degrees’ trainer to write up reports in October
2023 on training courses delivered for rangers
in Laikipia-Meru conservancies, and the same
again in November
�We sent $970 from INL via Project UPTICK
for 51 Degrees’ trainer to write up reports on
training courses delivered for rangers in Laikipia-
Meru conservancies		 �$485 from INL via Project UPTICK for 51
Degrees’ trainer to write up reports on training
courses delivered for rangers in Laikipia-Meru
conservancies in February 2024
�$485 from INL via Project UPTICK paid for
51 Degrees’ trainer to write up reports on
training courses delivered for rangers in Laikipia-
Meru conservancies
Associaton of Private �£16,387.59 from funds raised by the ForRangers �$5,000 from ForRangers’ funds was sent to the
and community Land Ultra 2022 runners, to pay for 100 x Camelbaks, Local Ocean Trust, to pay for: 8 x waterproof
Rhino Sanctuaries, Kenya – bladders and chestrigs, and 32 pairs of jackets; 10 x branded shirts; 5 pairs of boots and
ForRangers binoculars, for rangers based at Sosian Ranch, reef shoes; 5 branded sunhats; 1 spotlight torch;
£222,912 Suyian Ranch, Ol Maisor, Mugie Conservancy,
Lolldaiga and Ole Naishu Conservancy		 4 x headtorches; 2 night-movement cameras;
1 pair of night-vision binoculars; 4 waterproof
�We sent £9,500 (ZAR 1,106,910) to the Game
Rangers’ Associaton of Africa, from ForRangers
res funds, to pay for life insurance for 2,456
rangers at feld programmes in East and Southern
Africa, from 1 July 2023 to 30 June 2024. The
rangers work at sites in Angola, Botswana, Kenya,
Malawi, Mozambique, Namibia, Tanzania, South
Africa, Zambia and Zimbabwe		 slate boards; 5 x feld aid trainings; gym
equipment and training sessions; improvements
to the mess/kitchen facility; repairs to window
and doorframes in the rangers’ accommodaton;
annual medical checks; a new computer
screen; 6 x staf lockers for onsite ranger
accommodaton and the LOC ofce; and
2 x Keysafe locks
�We also sent a total of 62,705.73 to renew
life insurance for rangers working at multple
conservancies in Kenya, Tanzania, Zambia and
Nigeria: £42,401.37 of this came from funds
raised by the ForRangers Ultra; the other
£20,304.36 came from funds raised for the
ForRangers initatve generally		 �Another $5,000 from funds raised by the 2023
ForRangers Ultra was awarded to the Taylor
Ashe Antvenom Trust, to pay for: staf uniforms
(shirt, trousers, boots and shipping $1,050);
motorbike helmets x 3 ($100); medical insurance
and AMREF Flying Doctors ($1,850); and staf
training allowances across 30 courses ($2,000)
�$40,000 from funds from an anonymous
donor for ForRangers’ initatves was allocated
towards the cost of a 2-year ranger training
programme across Lolldaiga, Ole Naishu, Mugie,
Sosian and Suyian conservancies. It is hoped
that, eventually, some of these will become rhino
guardians, to expand the rhino range across the		 �$90,000 from funds donated to the ForRangers
initatves was allocated towards the cost of
a 2-year ranger training programme across
Lolldaiga, Ole Naishu, Mugie, Sosian and Suyian
conservancies. It is hoped that, eventually, some
of these will become rhino guardians, to expand
the rhino range across the Laikipia landscape
Laikipia landscape �And £83 from core funds for transfer fees
�We sent £20,475 from the Tristan Voorspuy
Conservaton Trust, and another £2,325 from
ForRangers’ funds, to pay for 105 pairs of
high-quality Altberg boots for rangers working
for Borana, Suyian and Sosian Conservancies in
Laikipia County, Kenya

23

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Borana Conservancy, Kenya £124,419

24

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Kenya Wildlife Service, Kenya £51,098

25

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Lewa Wildlife We sent $21,000 from INL’s 4-year grant to pay for 30 of Lewa’s rangers to undergo Conservancy, Kenya the Rhino Tactical Refresher course £87,192 $1,260 from INL paid for 4 of Lewa’s rangers to undergo a 6-day Patrol Medic training course, when they are taught how to deal with wounds/injuries to themselves and/or their colleagues while on duty

$1,680 from INL paid for 4 of Lewa’s rangers to undergo a second 6-day Patrol Medic training course, when they are taught how to deal with wounds/injuries to themselves and/or their colleagues while on duty

$11,443 from INL paid for Lewa’s general security rangers to undergo training with 51 Degrees Ltd. These courses are an excellent way for Lewa’s management to identify rangers, who may currently be working on gateposts or fence line maintenance, but are capable of more advanced law enforcement roles

$21,000 from INL paid for Lewa’s rangers to undergo the Rhino tactical refresher course; plus $1,747.20 reimbursement for the VAT charged on last month’s general security training course; and $1,750 for shared-asset training

$3,500 from INL paid for five of Lewa’s rangers to undergo a 10-day commanders’ training course

We sent $15,038 from USFWS (part of its Y3 grant covering calendar year 2024) to pay for uniforms: Each of the 82 rangers (general security and rhino monitors) will receive: 2 x green shirts; 2 x green trousers; 1 x green jumper; 1 x green heavy padded jacket; and 5 x pairs socks

$10,000 from ForRangers’ funds was awarded to pay for 100 x Camelbak hydration systems for Lewa’s rangers, and c. 185 pairs of tough boots that will withstand the demands of the terrain they patrol

$21,000 from INL via Project UPTICK paid for 30 of Lewa’s rangers to undergo the Rhino Tactical Refresher course in February 2024

And £64 from core funds for transfer fees

26

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

27

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

28

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Save the Rhino Trust, Namibia �£6,150 (£5,600 donated by the Tim Holmes’ trekking group and £550 raised via the
£24,173 JustGiving page) will be used to pay for Maigoha and Axab (mule camp) upgrades to
improve ranger welfare
�$14,800 (from the total additonal grant of $30,000 from USFWS) was sent to cover
the increased cost of ratons, since we submited the original 5-year proposal and
budget in 2021. SRT provides ratons for its own staf patrols (10 per month) and
Rhino Rangers’ patrols (14 per month) = 24 patrols/month.
�We sent another £640 raised by Tim Holmes’ trekking group to help pay for Maigoha
and Axab (mule camp) upgrades to improve ranger welfare
�£2,000 from the Bety Lawes Foundaton, at the request of David Neville, was sent
to pay for gas stoves, pots, pans and cutlery for the new communal kitchen and dining
area for SRT’s trackers and the members of NamPol that go out on patrol with them to
cook and eat in. Any surplus was to be allocated to the Security Operatons planned
for December 23/January 24
�$4,409 from USFWS (part of its Y3 grant covering calendar year 2024) will help pay
for ratons for SRT’s rangers, who are deployed out into the vast 25,000 km2Kunene
Region to look for the Key 1 populaton of desert-adapted black rhinos
�And £51 from core funds for transfer fees
Hluhluwe-iMfolozi �$18,931.86 from USFWS (part of its Y3 grant covering calendar year 2024) will help
Park, South Africa improve the living and working conditons of rangers working in HiP: the grant will
£14,899 pay for raton packs, for camping equipment, and for repairs to accommodaton and
ablutons blocks
uMkhuze Game �$26,000.03 from USFWS (part of its Y3 grant covering calendar year 2024) will
Reserve, South Africa help improve the living and working conditons of rangers working in the Reserve,
£25,014 specifcally, to maintain and refurbish of three picket camps’ kitchens and ablutons
blocks (Mshopi, Diza and Mbulaweni), and the Staf Sergeant’s kitchen
�Thanks to an additonal grant from USFWS for Y2 (calendar year 2023) of its
5-year grant, we were able to send $2,200 to pay for the increased costs of
refurbishing four camps (Nsumo, Mkhumbe and Mahlabeni picket camps, and
Corporal South’s accommodaton), together with another $3,466.50 to pay for the
additonal costs involved in the maintenance and refurbishment of the Conservaton
Manager’s kitchen
�And £11 from core funds for transfer fees
Rhino Resource Center, UK �We sent our annual grant of £1,300 from core funds towards the cost of the RRC’s
£1,300 website and uploading new rhino research publicatons. It is an excellent reference
base, used by students, researches and rhino conservaton professionals alike
North Luangwa Conservaton �£915.01 from the Wildcat Foundaton’s grant was used to book a return fight for
Programme, Zambia Technical Advisor Claire Lewis from Lusaka to London to atend meetngs
£915

29

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Continental coordination

Total £43,440

African Rhino �We sent an additonal grant of $24,000, from the USFWS Rhino and Tiger
Specialist Group, Africa Conservaton Fund, to pay for further days’ work by Dr Sam Ferreira, the AfRSG
£39,109 Scientfc Ofcer, during 2023
�We were able to award $11,988.80 from the Scot and Jessica McClintock
Foundaton (originally $12,000 but $11.20 was lost in transfer fees on the way to us,
which we paid from own core funds), for the work of the AfRSG’s Scientfc Ofcer
�We sent $12,931 from USFWS (part of its Y3 grant covering calendar year 2024)
towards the daily consultancy fees of the AfRSG’s Scientfc Ofcer (Dr Sam Ferreira)
and Ms Keit Mosweu (Programme Ofcer)
�And £42 from core funds for transfer fees
Associaton of Private �We sent $5,248.74 from USFWS (part of its Y3 grant covering calendar year 2024)
and community Land to help cover the salary of the APLRS Administrator, John Gitonga, during 2024. John
Rhino Sanctuaries, Kenya – is currently studying for a Masters degree that will assist his work in analysing rhino
Administrator populaton performance
£4,168 �We also donated £26-worth of SRI wristbands, given out in January 2024 by CEO Jo
Shaw during her visit to the Kenyan feld programmes that SRI supports
�And £11 from core funds for transfer fees
Ministry of Environment, �We sent $192 from Y2 of USFWS’s 5-year grant for subsistence and travel costs
Forestry and Tourism, Namibia incurred by Natonal Rhino Coordinator Piet Beytell, who travelled to Zambia to
£163 advise on potental rhino reintroductons
�And £11 from core funds for transfer fees

30

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Societal relevance

Total £70,480

Borana Conservancy, Kenya £69,407

£1,073

31

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

Sustainable adequate financing

Total £10,000

As always, our thanks to all the donors who made these grants possible.

Monitoring achievements

Save the Rhino has developed a 5-year conservation strategy for each of its seven key components. Each key component has a strategic objective, key outcome/Key Performance Indicators, identifies how those KPIs will be verified, the activities to be funded, priority programmes for each component, and considers risks and assumptions.

Progress towards achieving the desired outcomes is monitored and measured, via quarterly short summaries to Save the Rhino’s Trustees and an annual Impact Report.

Fundraising and communications performance are measured against our internal fundraising and communications strategies, which comprise part of our rolling 3-year business plan. These reviews are led by SRI senior staff, and the results are shared with our Board of Trustees.

32

Objectives and activities for the public benefit | Report and financial statements for the year ended 31 March 2024

In total, during the financial year 2023–24, we sent out £3,856,059 in grants to rhino conservation programmes.

SN

33

Financial review | Report and financial statements for the year ended 31 March 2024

Financial review

Save the Rhino’s work is entirely dependent upon its fundraising. Income represents the revenue from Save the Rhino International’s fundraising and awareness-raising programme. Total income for the year amounted to £4,437,834 (2022–23: £5,279,477).

Expenditure on charitable activities, furthering the aims and objectives of the Charity totalled £4,090,605 (2022–23: £4,432,906). Donations to conservation and awareness projects totalled £3,856,059 (2022–23: £4,327,991) as detailed in Table 1:

Table 1. Grants expended during the financial year

----- Start of picture text -----
£ 2023–24
African Rhino Specialist Group, Africa 65,854
Canine unit workshop, Africa 35,510
Indian Rhino Vision 2.0, India 16,186
Ujung Kulon National Park, Indonesia 25,297
Way Kambas National Park, Indonesia 20,247
Sumatran Rhino Sanctuary, Indonesia 78,499
Association of Private and community Land Rhino Sanctuaries, Kenya 288,272
Borana Conservancy, Kenya 371,070
Kenya Wildlife Service, Kenya 233,360
Lewa Wildlife Conservancy, Kenya 162,680
Northern Rangelands Trust, Kenya 15,847
Ol Jogi Conservancy, Kenya 211,422
Ol Pejeta Conservancy, Kenya 81,928
Ministry of Environment, Forestry and Tourism, Namibia 336,396
Save the Rhino Trust, Namibia 119,119
Hluhluwe-iMfolozi Park, South Africa 230,485
uMkhuze Game Reserve, South Africa 51,870
Follow-the-money investigation, South Africa 286,089
Environmental Investigation Agency, UK 19,796
Rhino Resource Center, UK 1,300
Education for Nature Viet Nam-Viet Nam 6,873
North Luangwa Conservation Programme, Zambia 1,169,932
Lowveld Rhino Trust, Zimbabwe 28,027
Total 3,856,059
----- End of picture text -----

34

Financial review | Report and financial statements for the year ended 31 March 2024

Net expenditure for the year was £218,621 (2022–23: Net income £291,498). The net movement in funds before transfers was £65,595 on the unrestricted funds (2022–23: £165,848) and deficit of £284,216 on the restricted funds (2022–23 surplus:

£125,650). The restricted funds carried forward of £811,320 are held for expenditure for the following programmes / projects as detailed in Table 2:

Table 2: Restricted funds held for expenditure

----- Start of picture text -----
£ 2023–24
African Rhino Specialist Group, Africa 10,038
Canine unit workshop, Africa 17,544
Ujung Kulon National Park, Indonesia 17,159
Way Kambas National Park, Indonesia 82
Sumatran Rhino Sanctuary, Indonesia 17,838
Association of Private and community Land Rhino Sanctuaries, Kenya 153,967
Big Life Foundation, Kenya 5
Borana Conservancy, Kenya 47,594
Lewa Wildlife Conservancy, Kenya 34,186
Ol Jogi Conservancy, Kenya 50,372
Ministry of Environment, Forestry and Tourism, Namibia 233,870
Save the Rhino Trust, Namibia 45,043
Hluhluwe-iMfolozi Park, South Africa 95,066
uMkhuze Game Reserve, South Africa 41,505
Education for Nature, Viet Nam 80
TRAFFIC, Viet Nam 10
North Luangwa Conservation Programme, Zambia 46,003
Lowveld Rhino Trust, Zimbabwe 958
Total 811,320
----- End of picture text -----

Investment policy and performance

Under its Declaration of Trust, Save the Rhino has the power to invest in any way the Trustees see fit. The Trustees, having regard to the liquidity requirements of the Charity, have kept available funds in bank accounts.

Risk management

SRI conducts a risk assessment exercise annually, identifying the main risks to which the Charity is exposed, assessing the likelihood and impact, and developing preventative measures and recovery and contingency plans. The assessment is then discussed and

agreed with the Board of Trustees at one of its quarterly meetings. The risk assessment for 2023–24 was colour-coded with a yellow / amber / red system based on the risk likelihood and the impact it would have. No risks were identified at a red level with high likelihood and high impact. Only one risk was identified as being medium likelihood / high impact during this financial year, specifically ongoing global financial shocks. The risk of continued economic recession associated with the cost of living crisis was considered medium likelihood with potentially high impact given the negative implications for fundraising to unrestricted income.

35

Financial review | Report and financial statements for the year ended 31 March 2024

Reserves policy

The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of unrestricted charitable expenditure on budgeted overheads. The reserves level for 2023–24 was retained at £315,000 as monthly overhead costs were contained at the same level as the previous financial year. As at 31 March 2024, SRI’s unrestricted funds totalled £405,179. The current level of reserves is therefore higher than is needed.

In deciding how Save the Rhino’s unrestricted funds are allocated, the Trustees consider several factors:

funds SRI can leverage through trusts and foundations that require evidence of part-matching funds from the applicant (e.g., Darwin Initiative, Illegal Wildlife Trade Challenge Fund) and limit SRI’s ability to make emergency grants from core funds

Reference and administrative details

Save the Rhino International

Registered UK charity no. 1035072

CEO Jo Shaw

Registered office Unit 3, Coach House Mews 217 Long Lane London SE1 4PR

Bankers

Barclays Bank plc 29 Borough High Street London SE1 1LY

Honorary President Patrons David Stirling Polly Adams Benedict Allen Founder Patrons Clive Anderson Douglas Adams Louise Aspinall Michael Werikhe Nick Baker Simon Barnes Paul Blackthorne Suzi Bullough Mark Carwardine Giles Coren Mark Coreth

Trustees

Claire Curtin Appointed 15 June 2023

Henry Chaplin Vice Chair and Treasurer , Resigned 19 March 2024 Megan Greenwood Sianne Haldane Joe Steidl George Stephenson Chair Alistair Weaver

Solicitors

Auditors

Bryan O’Connor and Co. Accountancy Management St Margaret’s House Services Limited 18/20 Southwark Street South Street House London SE1 1TS 51 South Street Isleworth Middlesex TW7 7AA

Dina de Angelo Viscount Petersham Robert Devereux Alexandra Rhind Kenneth Donaldson Mark Sainsbury Jim Hearn Alec Seccombe Tim Holmes Tira Shubart Ben Hoskyns-Abrahall James Sunley Angus Innes William Todd-Jones Fergal Keane Friederike von Houwald Tom Kenyon-Slaney Jack Whitehall Francesco Nardelli Martina Navratilova

36

Structure, governance, and management

Governing document

Save the Rhino International was established under a trust deed dated 28 February 1994, supplemented by a Resolution, dated 6 March 2018, under section 280 of the Charities Act 2011 for changes to the governing document. It is an unincorporated Charity registered with the Charity Commission for England and Wales.

Appointment of Trustees

Names of potential new Trustees are put forward at the Trustees’ quarterly meetings. Candidates are then interviewed by the Chair of Trustees and, whenever possible, by fellow Trustees; candidates may be invited to attend a Board meeting as an observer, prior to a formal invitation being made by the Chair of Trustees in writing. Acceptance is also made in writing. No other person or body is entitled to appoint a Trustee to SRI. See also note 16 in the Charity’s Declaration of Trust of 28 February 1994. Trustees are appointed for a term of four years, after which they may put themselves forward for a second term of four years. Each Trustee may serve for a maximum of two terms, except for the Chair and Treasurer, whose terms may be renewed indefinitely subject to the approval of the other two members of the Executive Committee, (i.e., the Chair, Treasurer and CEO).

The Resolution provides for a minimum of three Trustees.

Trustee induction and training

In addition to being sent Trustee induction packs, new Trustees have one-to-one inductions, including training with the Charity’s CEO, and the CEO circulates occasional Charity Commission newsletters and news from field programmes supported by the Charity, as well as the quarterly Board meeting papers and minutes.

Organisation

The Charity has a Board of Trustees, which determines grantmaking policy and practice, is responsible for the appointment of the CEO, and monitors the financial and other activities of the Charity. The Trustees have delegated the day-to-day running of the Charity to the CEO, as set out in the Board and Management Responsibilities Policy and in the Delegation of Authorities Policy (approved at the March 2017 Trustees’ meeting). The CEO reports to the Trustees. Quarterly Trustee meetings are held at which grants are made and income and expenditure are monitored and determined via monthly financial reports. The CEO is supported by a Senior Management Team (SMT) replacing the former Managing Director position, consisting of the Operations and Finance Lead, Fundraising and Partnerships Lead, Communications and Marketing Lead and the Grants Lead.

Finally, the Charity has several Patrons, who assist with fundraising events and act as ambassadors for SRI. The Charity’s staff is assisted by a small number of volunteers helping with office administrative tasks or at fundraising events.

Fundraising

SRI is registered with the Fundraising Regulator and abides by its code of practice; SRI also complies fully with GDPR requirements and does not make unreasonable or persistent requests for donations or support.

SRI’s Fraud Prevention Policy (reviewed annually by its Trustees) sets out the steps that the Charity takes to monitor activities carried out by any person fundraising on behalf of the Charity. During the financial year 2023–24, no complaints from a fundraiser or member of the public were received about the Charity’s fundraising activities.

SRI has partnerships with a portfolio of Corporate Partners who act as Commercial Participators to fundraise for SRI. Each partnership is based on a Partnership Agreement that complies fully with the requirements of Section 7 of the UK Fundraising Guidelines issued by the Fundraising Regulator. All Commercial Participators are bound through the Partnership Agreement to abide by the UK Fundraising Guidelines. SRI did not engage Professional Fundraisers as defined by the UK Fundraising Regulator.

Related parties

None of Save the Rhino’s Trustees receives remuneration or other benefit from their work with the Charity. Any connection between a Trustee or senior manager of the Charity with any supplier or beneficiary of the Charity must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party, and in keeping with the Charity’s Conflict of Interest Policy (approved at the March 2017 Trustees’ meeting). In the current year, no such related-party transactions were reported.

Staff remuneration

Save the Rhino has benchmarked employee remuneration at other similar-sized charities and has developed a pay scale for permanent employees as follows:

37

Structure, governance, and management | Report and financial statements for the year ended 31 March 2024

Staff at all levels accrue an extra day of paid annual every two years, up to a maximum of five extra days. The CEO reviews staff remuneration taking into consideration job descriptions, individual appraisals, unrestricted funding and charity salary surveys. The CEO makes an annual recommendation to the Remuneration Committee, formed of Trustees’, who consider whether there should be revisions to employees’ remuneration.

Related organisations

SRI has a sister organisation based in the USA, Save the Rhino International Inc., which is a 501 (c) 3 non-profit organization, EIN 31-1758236. SRI Inc. has its own Board of Directors and makes independent decisions concerning grant-making. SRI’s Grants Lead Cathy Dean serves as President and Board Director of SRI Inc. SRI Inc. employs no staff and subcontracts fundraising, grant management and bookkeeping to SRI for an annual fee of $2,400.

In addition, SRI liaises closely with other like-minded rhino conservation organisations, in particular the International Rhino Foundation in the USA. There are no formal partnership agreements between SRI and these other organisations, though there are occasional grant-specific agreements between them.

Finally, SRI’s Grants Lead is on the advisory board of a project called ‘ForRangers’, a fundraising initiative led by two individuals working primarily with members of the Association of Private and community Land Rhino Sanctuaries (APLRS) in Kenya. Funds raised in honour of ForRangers – via dinners, various marathons and ultramarathons, and other riding / kayaking etc. endurance challenges, are then granted out – with the approval of the advisory board – to a range of field programmes, whose scope is wider than SRI’s normal rhino conservation focus.

----- Start of picture text -----
TARE NYABADZA
----- End of picture text -----

38

Structure, governance, and management | Report and financial statements for the year ended 31 March 2024

Future plans

We remain committed to achieving our vision of all five rhino species thriving in the wild for future generations through our collaboration with partners to support endangered rhinos in Africa and Asia.

After a strong year in 2023–24, when we raised £4,437,834, we have budgeted to raise c. £2.6 million in 2024–25, reflecting the expiration of a major restricted grant from a foundation and a conservative approach to unrestricted fundraising revenue given the broader economic environment. Building upon the strategic review undertaken during this financial year, we will revise the organisational strategy and set goals for our strategic areas for 2024–29 with associated calendars, budgets and workplans.

With regards our four strategic areas:

Conservation

Fundraising

Communications

Operations

39

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;

Observe the methods and principles in the Charities SORP 2019 (FRS 102);

Make judgments and accounting estimates that are reasonable and prudent;

State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to the legal form of the Charity

Save the Rhino International is an unincorporated Charity, registered with the Charity Commission for England and Wales, as a public benefit entity.

By order of the Board of Trustees

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

George Stephenson 4 September 2024

Adam Barber 4 September 2024

40

Independent auditor’s report | Report and financial statements for the year ended 31 March 2024

Independent auditor’s report to the Trustees of Save the Rhino International

Opinion

We have audited the financial statements of Save the Rhino International for the year ended 31 March 2024, which comprise the statement of financial activities, the balance sheet, the cashflow statement, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of financial statements section of our report. We are independent of the charity 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 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 related 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 charity’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 other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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 course of 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of the Trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 40, the Trustees 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.

In preparing the financial statements, the Trustees are responsible for assessing the Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.

41

Independent auditor’s report | Report and financial statements for the year ended 31 March 2024

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 1443 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but 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 decision of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our experience with the client and the sector within which they operate and discussion with management.

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: www.frc.org.uk/auditors/audit-assurance/auditors-responsibilites-for-the-audit-of-the-f/descripton-of-theauditor%E2%80%99s-responsibilites-for-the-audit

This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Signed electronically by

Accountancy Management Services Limited Statutory Auditor

Our procedures included enquiry of management, review of correspondence with legal advisors, HMRC and Charity Commission, and completion of accounts disclosure checklist.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls by testing whether journal entries and other adjustments are considered reasonable and appropriate; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Name Accountancy Management Services Ltd

Date 22nd October 2024

Accountancy Management Services Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

South Street House

51 South Street Isleworth Middlesex TW7 7AA

42

Statement of financial activities, including income and expenditure

For the year ended 31 March 2024

----- Start of picture text -----
Unrestricted Restricted
£ Note [1] funds funds 2023–24 2022–23
Income from:
Donations and legacies 2 799,334 1,058,685 1,858,019 2,068,720
Charitable activities 3 - 2,563,214 2,563,214 3,195,010
Other trading activities 4 14,120 - 14,120 13,818
Investments 2,481 - 2,481 1,929
Total income 815,935 3,621,899 4,437,834 5,279,477
Expenditure on:
Raising funds 10 557,905 - 557,905 547,834
Charitable activities 5, 15 184,490 3,906,115 4,090,605 4,432,906
Other 4 7,945 - 7,945 7,239
Total expenditure 750,340 3,906,115 4,656,455 4,987,979
Net income/(expenditure) for the year 65,595 (284,216) (218,621) 291,498
Transfers between funds 15 (9,470) 9,470 - -
Net movement in funds for the year 56,125 (274,746) (218,621) 291,498
Reconciliation of funds
Total funds brought forward 349,054 1,086,066 1,435,120 1,143,622
Total funds carried forward 405,179 811,320 1,216,499 1,435,120
----- End of picture text -----

1References refer to Notes to the accounts , pages 46–58, which form part of these financial statements.

43

Balance sheet

As at 31 March 2024

As at 31 March 2024
£
Note1		 2023-24
2022–23
Fixed assets
Tangible fixed assets
11		 0
2,230
Current assets
Stocks
12		 4,234
4,204
Debtors
13		 0
0
Cash at bank and in hand 980,591
1,549,595
Total assets 984,825
1,553,799
Prepayments and accrued income
13		 419,768
93,760
Creditors
Amounts falling due within one year
14		 (435)
(3,218)
Accruals and deferred income
14		 (187,659)
(211,451)
Net current assets 1,216,499
1,432,890
Total net assets 1,216,499
1,435,120
The funds of the charity
Unrestricted funds
17		 405,179
349,054
Restricted funds
15		 811,320
1,086,066
Total charity funds 1,216,499
1,435,120

Approved by the Trustees on 4 September 2024 and signed on their behalf.

George Stephenson

1References refer to Notes to the accounts, pages 46–58, which form part of these financial statements.

44

Statement of cashflows

For the year ended 31 March 2024

----- Start of picture text -----
£ 2023–24 2022–23
Reconciliation of net movement in funds to net cash flow from operating activities
Net movement in funds (218,621) 291,498
Add back depreciation charge 2,230 8,304
(Increase) decrease in stock (30) 1,058
Decrease (increase) in debtors and prepayments (326,008) 100,768
(Decrease) increase in creditors (26,575) (41,218)
Cash used in operating activities (569,004) 360,410
Purchase of tangible fixed assets 0 0
Cash provided by (used in) investing activities 0 0
Increase (decrease) in cash and cash equivalents in the year (569,004) 360,410
Cash and cash equivalents at the beginning of the year 1,549,595 1,189,185
Total cash and cash equivalents at the end of the year 980,591 1,549,595
----- End of picture text -----

45

Notes to the accounts

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation of uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation

The financial statements have been prepared in accordance with 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 2015) – (Charities SORP (FRS 102 (2019)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice from 1 April 2005, which has since been withdrawn.

1.2 Preparation of the accounts on a going-concern basis

The financial statements have been prepared on the goingconcern basis. The Trustees consider that the use of the goingconcern basis is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern.

1.3 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.

Grant income and legacies

Grant income from government and other grants, whether capital or revenue, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executors that a distribution will be made or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the

granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

1.4 Donated goods and services

Donated goods are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item by the charity is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general time of volunteers is not recognised.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification by the bank.

1.6 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for specific projects. Designated funds represent amounts set aside by the Trustees for a particular purpose. They form part of the charity’s unrestricted funds and may be re-allocated.

1.7 Creditors and provisions for liabilities and charges

A liability is recognised for the amount that the charity anticipates it will pay to settle a debt or the amount it has received as an advance payment for goods or services it must provide. A provision is recognised when:

Costs of raising funds comprise the costs of appeals, events and their associated support costs.

Expenditure on charitable activities includes the costs of field programmes overseas, providing support to the programmes from the UK and educational activities undertaken in the UK to further the purposes of the charity and their associated support costs.

1.8 Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel and governance costs. These costs have been allocated between costs of raising funds and expenditure on charitable activities. Where costs cannot be directly attributed, they are allocated to activities on the basis of estimated time spent by staff in performing each activity.

46

1.9 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the term of the lease.

1.10 Tangible fixed assets

Individual fixed assets in the UK costing more than £500 are capitalised at cost. Other items are expensed to the Statement of Financial Activities as incurred.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset, less any estimated residual value, evenly over its expected useful life, as follows:

Office equipment 20 – 25% straight line and software per annum

1.11 Stock

Stock comprises goods for resale and is valued at the lower of cost and net realisable value.

1.12 Foreign exchange

Transactions denominated in foreign currencies are translated into sterling at the rates ruling at the dates of the transactions. Monetary assets and liabilities in foreign currencies at the balance sheet date are translated at the rates ruling at that date. All translation differences are dealt with in the Statement of Financial Activities.

1.13 Pension costs

Pension contributions are made to defined contribution pension schemes and the charge recorded in these accounts is the amount payable during the year.

1.14 Value added tax (VAT)

The charity is partially exempt for VAT purposes. Income and expenditure are shown net of VAT and the irrecoverable input tax is recognised as an additional cost in the Statement of Financial Activities.

1.15 Functional and presentation currency

The accounts are presented in pounds sterling and are rounded to the nearest whole number.

1.16 Key sources of estimation uncertainty and judgement

The preparation of financial statements in conformity with United Kingdom Generally Accepted Accounting Practice requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of income and expenditure during the reporting period.

1.17 Cash and cash equivalents

Comprises of cash at bank and on hand, demand deposits and other short term highly liquid investments.

1.18 Debtors

Debtors are amounts owed to the charity and are measured based on their recoverable amount

2 Income from donations and legacies

----- Start of picture text -----
Unrestricted Restricted
£ Note funds funds 2023–24 2022–23
Donations 567,563 925,647 1,493,210 1,492,190
Memberships 38,275 0 38,275 41,029
Donations from fundraising events 172,638 133,038 305,676 525,811
Gifts in kind 6 20,858 0 20,858 9,690
Total 799,334 1,058,685 1,858,019 2,068,720
----- End of picture text -----

47

3 Income from charitable activities

----- Start of picture text -----
Unrestricted Restricted
£ funds funds 2023–24 2022–23
Grants received – 2,563,214 2,563,214 3,195,010
Total 0 2,563,214 2,563,214 3,195,010
----- End of picture text -----

4 Income and expenditure from trading activities

Stock sold by Save the Rhino International includes stickers, badges, cuddly toys, jewellery and cards, usually displaying Save the Rhino’s logo.

----- Start of picture text -----
Unrestricted Restricted
£ funds funds 2023–24 2022–23
Sales 14,120 – 14,120 13,818
Cost of sales (7,945) – (7,945) (7,239)
Total 6,175 0 6,175 6,579
----- End of picture text -----

5 Expenditure on charitable activities

----- Start of picture text -----
Unrestricted Restricted
£ Note funds funds 2023–24 2022–23
Project expenditure – 3,856,059 3,856,059 4,327,991
Project support and education costs 10 184,490 50,056 234,546 104,915
Total 184,490 3,906,115 4,090,605 4,432,906
----- End of picture text -----

6 Gifts in kind

----- Start of picture text -----
£ 2023–24 2022–23
Income from donations and legacies includes the following in respect of gifts in kind:
Goods and services for fundraising activities 15,660 3,600
Services 5,198 6,090
Total 20,858 9,690
The equivalent amounts, included as resources expended under the appropriate categories,
are as follows:
Activities for generating funds 15,660 3,600
Support costs 5,198 6,090
Total 20,858 9,690
----- End of picture text -----

48

7 Governance costs

Included in support costs (see note 10)

----- Start of picture text -----
£ 2023–24 2022–23
Auditor's remuneration 1,600 1,600
Legal and professional fees 11,475 9,880
Total 13,075 11,480
----- End of picture text -----

8 Net income and expenditure for the year

Net income (expenditure) for the year is stated after charging:

Net income (expenditure) for the year is stated afer charging:
£ 2023–24
2022–23
Depreciaton 2,230
8,304
Auditor's remuneraton 1,600
1,600
Rent charge 41,610
43,800
Loss/(gain) on foreign exchange 11,784
(55,436)

9 Analysis of staff costs, trustee remuneration and expenses

Staff costs incurred during the year:

----- Start of picture text -----
£ 2023–24 2022–23
Wages and salaries 388,872 312,638
Social security costs 34,124 27,238
Pension costs 18,302 23,558
Total 441,298 363,434
----- End of picture text -----

49

10 Analysis of expenditure

----- Start of picture text -----
2023-24
Project
support and
£ Fundraising education Support costs 2023–24 2022–23
Direct fundraising costs
Marathons 104,542 0 0 104,542 121,129
Other events 41,418 0 0 41,418 40,222
Newsletter, website development and PR 50,570 0 0 50,570 54,710
Total direct fundraising costs 196,530 0 0 196,530 216,061
Personnel costs
Salaries, training and recruitment costs 193,119 116,080 150,353 459,552 368,016
Overseas travel 0 11,318 0 11,318 7,335
Office costs
Rent and rates 23,745 14,273 18,487 56,505 56,639
Office services 2,002 1,204 1,559 4,765 4,561
Equipment 4,909 2,952 3,823 11,684 5,235
Telephone and fax 481 288 374 1,143 1,081
Postage 832 500 648 1,980 3,229
Stationery 132 79 103 314 370
Support materials 336 202 262 800 800
Other costs
Travel 106 64 82 252 605
Entertaining 389 234 303 926 470
Legal and professional 0 0 9,933 9,933 11,480
Bank charges 0 0 1,334 1,334 1,358
Depreciation 937 563 730 2,230 8,304
Exchange differences 0 0 11,784 11,784 (55,436)
Sundries 201 121 156 478 331
Irrecoverable VAT 8,793 5,285 6,845 20,923 22,310
Total personnel, office and other costs 235,982 153,163 206,776 595,921 436,688
Allocation of support costs 125,393 81,383 (206,776) 0 0
Total 557,905 234,546 0 792,451 652,749
----- End of picture text -----

50

11 Tangible fixed assets

11 Tangible fxed assets
£ Ofce
equipment
and sofware
Costs
At 1 April 2023 90,037
Additons 0
Disposals 0
At 31 March 2024 90,037
Depreciaton
At 1 April 2023 87,807
Charge for year 2,230
Disposals 0
At 31 March 2024 90,037
Net Book Value
At 31 March 2024 0
At 31 March 2023 2,230

12 Stocks

----- Start of picture text -----
£ 2023–24 2022–23
Merchandise 4,234 4,204
Total 4,234 4,204
----- End of picture text -----

51

13 Debtors

----- Start of picture text -----
£ 2023–24 2022–23
Uncleared bank deposits 0 0
Other debtors 0 0
Total 0 0
Prepared and accrued income
Other debtors 0 0
Prepayments 34,818 52,099
Accrued income 384,950 41,661
Total 419,768 93,760
----- End of picture text -----

14 Creditors: amounts falling due within one year

Deferred income includes deferred income of £171,905 (2022–23: £132,861), of which £171,905 is in relation to events d ue to take place in the financial year 2024–25.

----- Start of picture text -----
£ 2023–24 2022–23
Trade creditors 0 0
Taxation and social security costs 435 3,218
Total 435 3,218
Accruals and deferred income
Accruals for grants payable - 71,225
Other accruals 15,754 7,365
Deferred income 171,905 132,861
Total 187,659 211,451
----- End of picture text -----

52

15 Analysis of movements in restricted funds

----- Start of picture text -----
As at Incoming Transfer from Transfer Exchange rate Outgoing As at
£ 1 April 2023 resources unrestricted between funds differences resources 31 March 2024
African Rhino Specialist Group, Africa 2,312 72,233 1,390 (92) 49 65,854 10,038
Canine unit workshop, Africa 53,622 0 257 0 (825) 35,510 17,544
Indian Rhino Vision 2.0, India 0 15,997 18 0 171 16,186 0
Ujung Kulon National Park, Indonesia 2,314 40,244 29 0 (131) 25,297 17,159
Way Kambas National Park, Indonesia 226 20,085 18 0 0 20,247 82
Sumatran Rhino Sanctuary, Indonesia 15,275 81,633 27 0 (598) 78,499 17,838
Association of Private and community
349,879 845,552 131 (762,094) 8,771 288,272 153,967
Land Rhino Sanctuaries, Kenya
Big Life Foundation, Kenya 5 0 0 0 0 0 5
Borana Conservancy, Kenya 266 283,658 2,269 132,459 12 371,070 47,594
Kenya Wildlife Service, Kenya 0 0 168 233,192 0 233,360 0
Lewa Wildlife Conservancy, Kenya 0 92,877 215 103,797 (23) 162,680 34,186
Northern Rangelands Trust, Kenya 0 15,740 14 0 93 15,847 0
Ol Jogi Conservancy, Kenya 8,891 91,993 197 160,911 (198) 211,422 50,372
Ol Pejeta Conservancy, Kenya 0 0 157 81,771 0 81,928 0
Ministry of Environment, Forestry and
258,393 314,017 941 0 (3,085) 336,396 233,870
Tourism, Namibia
Save the Rhino Trust, Namibia 5,111 159,134 153 0 (236) 119,119 45,043
Hluhluwe-iMfolozi Park, South Africa 37,109 279,273 1,360 8,181 (372) 230,485 95,066
uMkhuze Game Reserve, South Africa 1,949 89,860 1,636 0 (70) 51,870 41,505
Welgevonden Game Reserve,
4,791 3,390 0 (8,181) 0 0 0
South Africa
Follow-the-money investigation,
1,724 281,697 2,071 0 597 286,089 0
South Africa
Environmental Investigation Agency, UK 0 19,791 5 0 0 19,796 0
Rhino Resource Center, UK 0 0 1,300 0 0 1,300 0
Education for Nature–Vietnam, Viet Nam 7,113 0 9 0 (169) 6,873 80
TRAFFIC – Viet Nam 10 0 0 0 0 0 10
North Luangwa Conservation
329,725 893,452 300 0 (7,542) 1,169,932 46,003
Programme, Zambia
Lowveld Rhino Trust, Zimbabwe 7,351 21,273 508 0 (147) 28,027 958
Subtotal 1,086,066 3,621,899 13,173 (50,056) (3,703) 3,856,059 811,320
Transfers to fundraising costs 0 0 0 50,056 0 50,056 0
Total 1,086,066 3,621,899 13,173 0 (3,703) 3,906,115 811,320
----- End of picture text -----

53

16 Designated funds

At 31 March 2024, the Trustees had designated £Nil of the unrestricted general funds to be used for specific field programmes.

17 Analysis of net assets between funds

----- Start of picture text -----
Unrestricted Restricted
£ funds funds 2023–24
Fixed assets 0 0 0
Current assets including prepayments and accrued income 593,273 811,320 1,404,593
Current liabilities including accruals and deferred income (188,094) 0 (188,094)
Total 405,179 811,320 1,216,499
----- End of picture text -----

18 Financial commitments

At the year-end, formal commitments agreed by the Trustees and subject to specific conditions before payment amounted to £nil.

19 Commitments under operating leases

As at 31 March 2024, the charity had non-cancellable operating lease commitments as follows:

----- Start of picture text -----
£ 2023–24 2022–23
Due under 1 year 39,420 39,420
Due in more than one year and not later than 5 years 124,271 163,691
Total 163,691 203,111
----- End of picture text -----

54

20 Related parties

The aggregate employee benefits received by the CEO Cathy Dean April to July 2023 were £6,600 (2022–23: £33,391) and CEO Jo Shaw July 2023 to March 2024 were £68,974.

The CEO and Trustees made donations, merchandise and ticket purchases as follows:

The CEO and Trustees made donatons, merchandise and tcket purchases as follows:
£ 2023–24
2022–23
Donatons
Cathy Dean (CEO from April to July 2023) 320
13,047
Jo Shaw (CEO from July 2023 to March 2024) –
–
Sianne Haldane 180
180
Jim Hearn –
11,020
Joe Steidl –
50
George Stephenson 1,400
–
Megan Greenwood 30
–
Merchandise and tcket purchases
Cathy Dean (CEO from April to July 2023) 3
320
Jo Shaw (CEO from July 2023 to March 2024) 21
–
Sianne Haldane –
150
Megan Greenwood 250
440
George Stephenson 1,000
300
Joe Steidl 125
–
Claire Curtn 16
–

21 Government grant income

In 2023–24 Save the Rhino International received £Nil (2022–23: £162,374) from the UK Government through the Illegal Wildlife Trade Challenge Fund.

The final grant report was submitted for this project during the year.

55

Comparative figures 2022-23

Statement of financial activities 2022–23

Statement of fnancial actvites 2022–23
£
Note1		 Unrestricted
funds
Restricted
funds		 2022–23
2021–22
Income from:
Donatons and legacies
2		 750,781
1,317,939		 2,068,720
1,086,032
Charitable actvites
3		 -
3,195,010		 3,195,010
2,225,346
Other trading actvites
4		 13,818
-		 13,818
16,682
Investments 1,929
-		 1,929
1,420
Total income 766,528
4,512,949		 5,279,477
3,329,480
Expenditure on:
Raising funds
10		 547,834
-		 547,834
369,288
Charitable actvites
5,15		 45,607
4,387,299		 4,432,906
2,887,447
Other
4		 7,239
-		 7,239
8,537
Total expenditure 600,680
4,387,299		 4,987,979
3,265,272
Net income/(expenditure) for the year 165,848
125,650		 291,498
64,208
Transfers between funds
15		 (141,284)
141,284		 -
-
Net movement in funds for the year 24,564
266,934		 291,498
64,208
Reconciliaton of funds
Total funds brought forward 324,490
819,132		 1,143,622
1,079,414
Total funds carried forward 349,054
1,086,066		 1,435,120
1,143,622

56

Analysis of expenditure 2022–23

Analysis of expenditure 2022–23
2022-23
£ Fundraising
Project
support and
educaton
Support costs		 2022–23
2021–22
Direct fundraising costs
Marathons 121,129
-
-		 121,129
27,957
Other events 40,222
-
-		 40,222
35,093
Newsleter, website development and PR 54,710
-
-		 54,710
43,440
Total direct fundraising costs 216,061
-
-		 216,061
106,490
Personnel costs
Salaries, training and recruitment costs 201,973
102,446
63,597		 368,016
308,964
Overseas travel -
7,335
-		 7,335
11
Ofce costs
Rent and rates 31,084
15,767
9,788		 56,639
54,853
Ofce services 2,503
1,270
788		 4,561
2,845
Equipment 2,873
1,457
905		 5,235
4,540
Telephone and fax 593
301
187		 1,081
1,067
Postage 1,772
899
558		 3,229
7,481
Statonery 203
103
64		 370
210
Support materials 439
223
138		 800
800
Other costs
Travel 332
168
105		 605
113
Entertaining 258
131
81		 470
280
Legal and professional -
-
11,480		 11,480
18,306
Bank charges -
-
1,358		 1,358
1,273
Depreciaton 4,557
2,312
1,435		 8,304
8,304
Exchange diferences -
-
(55,436)		 (55,436)
(25,388)
Sundries 182
92
57		 331
54
Irrecoverable VAT 12,244
6,211
3,855		 22,310
18,151
Total personnel, ofce and other costs 259,013
138,715
38,960		 436,688
401,864
Allocaton of support costs 72,760
(33,800)
(38,960)		 -
-
Total 547,834
104,915
-		 652,749
508,354

57

Analysis of movements in restricted funds 2022–23

----- Start of picture text -----
As at Incoming Transfer from Transfer Exchange rate Outgoing As at
£ 1 April 2022 resources unrestricted between funds differences resources 31 March 2023
African Rhino Specialist Group, Africa 5,111 49,179 12,483 - 485 64,946 2,312
Canine unit workshop, Africa 36,500 46,091 91 (12,752) 1,312 17,620 53,622
Indian Rhino Vision 2.0, India 1,690 6,470 18 - 37 8,214 -
Ujung Kulon National Park, Indonesia 1,926 10,598 18 - 160 10,388 2,314
Way Kambas National Park, Indonesia 1,168 5,260 9 - - 6,211 226
Sumatran Rhino Sanctuary, Indonesia 25,586 23,733 27 - (101) 33,970 15,275
Association of Private and community
402,192 1,752,847 2,395 (761,228) 21,890 1,068,217 349,879
Land Rhino Sanctuaries, Kenya
Big Life Foundation, Kenya 5 - - - - - 5
Borana Conservancy, Kenya 8,494 202,430 2,220 178,689 540 392,107 266
Kenya Wildlife Service, Kenya - - 148 130,038 - 130,186 -
Lewa Wildlife Conservancy, Kenya - 73,525 657 188,344 (372) 262,154 -
Northern Rangelands Trust, Kenya - - 7 285 - 292 -
Ol Jogi Conservancy, Kenya 17,296 70,861 166 162,440 1,327 243,199 8,891
Ol Pejeta Conservancy, Kenya - - 76 42,124 - 42,200 -
Ministry of Environment, Forestry
222,851 236,796 1,095 - 12,968 215,318 258,392
and Tourism, Namibia
Save the Rhino Trust, Namibia 1,628 116,902 184 - (319) 113,284 5,111
Hluhluwe-iMfolozi Park, South Africa 3,740 207,965 17,391 - (315) 191,672 37,109
uMkhuze Game Reserve, South Africa 3,149 131,175 12,677 - (168) 144,884 1,949
Welgevonden Game Reserve,
2,974 1,817 - - - - 4,791
South Africa
Follow-the-money investigation,
61,958 389,021 3,685 - (6,478) 446,462 1,724
South Africa
Rhino Fund Uganda, Uganda - - 10,073 - - 10,073 -
Environmental Investigation Agency, UK - 10,491 5 - (281) 10,215 -
Rhino Resource Center, UK - - 1,000 - - 1,000 -
Education for Nature–Vietnam, Viet Nam 3,460 3,547 - - 106 - 7,113
TRAFFIC – Viet Nam 10 - - - - - 10
North Luangwa Conservation
17,806 1,146,054 192 12,752 8,934 856,013 329,725
Programme, Zambia
Gonarezhou Conservation Trust,
1,430 - 14 - - 1,444 -
Zimbabwe
Lowveld Rhino Trust, Zimbabwe 158 28,187 36,543 - 385 57,922 7,351
Subtotal 819,132 4,512,949 101,174 (59,308) 40,110 4,327,991 1,086,066
Transfers to fundraising costs - - - 59,308 - 59,308 -
Total 819,132 4,512,949 101,174 - 40,110 4,387,299 1,086,066
----- End of picture text -----

58

Honorary President Dave Stirling

Trustees

Alistair Weaver Claire Curtin George Stephenson | Chair Adam Barber | Treasurer Joe Steidl Megan Greenwood Sianne Haldane

Founder Patrons

Douglas Adams Michael Werikhe

Patrons

Alec Seccombe Alex Rhind Angus Innes Ben Hoskyns-Abrahall Benedict Allen Christina Franco Clive Anderson Dina de Angelo Fergal Keane Francesco Nardelli Friederike von Houwald Giles Coren Jack Whitehall James Sunley Jim Hearn

Kenneth Donaldson Louise Aspinall Mark Carwardine

Mark Coreth Mark Sainsbury Martina Navratilova Nick Baker Paul Blackthorne Polly Adams Robert Devereux Sam Fletcher Simon Barnes Suzi Bullough Tim Holmes Tira Shubart Tom Kenyon-Slaney Viscount Petersham William Todd-Jones

Staff[*]

Ashley Beck | Operations and Finance Lead

Cathy Dean | Grants Lead

Darion Moore | Partnerships Manager

Eleanor Glynne-Jones | Michael Hearn Intern 24–25 Emma Pereira | Communications and Marketing Lead Jimmy Rutherford | Programmes Officer Jo Shaw | CEO

Linda Moore | Fundraising and Partnerships Lead Lizzie Gorell | Charity Administrator Raj Pandya | Community Fundraising Officer Saffron Cawley | Social Media Officer Vasily Chernov | Events Manager

  • as of October 2024

Save the Rhino International

Leading the charge Unit 3, Coach House Mews, 217 Long Lane London SE1 4PR

t +44 (0)20 7357 7474 e info@savetherhino.org www.savetherhino.org

Registered UK charity no. 1035072

Design and layout Alex Rhind www.alexrhind.co.uk

Founder Directors Dave Stirling Johnny Roberts

----- Start of picture text -----
SRI
----- End of picture text -----

59