REGISTERED cOLPANy IWMBEIL" 02618167 (Ellgland and Wale5) REGISTERED CHARrrY NUIVIBER: 1035381 CHARITY COMMISSION PORT O STEE iJNA rrED NANC LSTA MENT YEAR NDED H20 FOR INTE ATION LtFE C ALITIO ACO PANY LtMITE BYGU RANT TRU FI CRT Limited Flat 24 wellingllIa Court Laine Close Brighton East SSSeX BNI 6TD
4 IwfERNATIONAL WILDLIFE COALrrioN TRUST CONTENTS OF THE FINANCTAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 Report of the Tryslees I to 5 Independent Examlner's R¢port StAtement of Finanelal Activltles Balance Sbttt Notes to the FIDAn¢lai SIAt¢meDts 10 to 18
, llYTERNATIONAL WILDLIFE COALrrTON TRUST EGIsfERED ]NI]MBEIL. 0261816 REPORT OF THE TRUSTEES FOR THE YEAR EI4DED 31 MARCH 21125 The trustees who are also directi of the charity for the pur]x)ses of the Comp8nies Act 2(NJ6. present their report with the financial StateDnts of the charity for the year ended 31 March 2025. The Irustees have adopted tho provisions of Accounting and RetIng by Charities: Statement of Recommended Pctice app]icabie to clwities preparing their accoLmts in accordance with the Fioanctal RetY)rting Standard applicable in th¢ UK and K¢public of Ireland (FRS 102) (¢ffective l Januar! 2019). OAIECTIVES AND AcfIvITiES Objectives and aims The objects of the Charity ar¢: (a) To advance education for the public benefiL in particular by: (i) undertaking, funding and supw)rting researcK nationally and internonalty ID all fields associated with the llra1 and life sciences that bear directly or indirectty on wild species of flora and fauna. (ll) Undertaki funding aDd suppOrtiV the preparati( and dissemination of edu¢alioDal ttt¢r1aIS and programmos, nationajly and internationally. (b) To promote for the public benefit the conservation and prntection of flora and fauD4 nationally and inlernationally in particular, by undertaking, thnding and supporting the development and implemenlation of programmes to preserve the natural inlegrity of ecological systems and th¢ir speeific and individual ¢onstituents. (c) To promote for the publi¢ beDefrt in particular by undertakin& funding and supJK)rting nationally and intem&tionally> the prevenlion of the illegal trade of allima]s for consumption, aDiJnal abuse and exploitation. Page I
INTERNATIONAL WILDLIFE COALITION TRUST GISTERED NUMBEIL" IY261816 REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES Af4D ACTIVITIES Significant aetivities CmcludiDg Future Plans) The main activilies of the charityremain centred in the Phiiippines. Animal Trvatment Centre W¢ continu¢ lo ovr spay aud neuter clinics from the TrcalmeDt CentTE providing free spaylneuter surgery, vac¢ination& and otlKr vetsTiW treatnllt to both 0ed and rOamiDSaY dogs. with a focus oll Aspin (Filipino ongrel) dy. We have two live-in kennel mates at the Centre caring for the re5ideM dogs, who occupy our eight large kennels alld we also have two sepw7te Quarantine kennels for rescue dogs wheD they fjrst a1Ve. We are able to house up to 50 dogs at ally olle lime. The f¢nced payk at the back of the site provides enrichment for the dogs, allowing them to exer¢ise aod'pl&y, &8 well as for training 8nd socialisation io tske place, as part of the dogs, rehabijithtion and in pr¢paration for reborriing. The primary role for the Treatment Centre contllwe5 to be the provision of veterinary care, via 8pay/neuter, vacrination, and treatm¢nt to th¢ Aspin dogs in the Pbilippines. Thing Ix)th dogs whose owners cannot afford this kind of treatm+snt, and stray or roatning dogs. Although we are not a shelter we contiDue to rescue 8Dd rehabilitate dogs when space auows. Moblle Cllnlc Programme Although the nmjoriry of our clinics are now held within tbe Tr¢atment Centre. we continue lo hold, pop-up Mobile Clini¢s. throughout th¢ Philippines, allowing us to support are&8 not within Teacb of the Centre. Most ot',the5e clinics are in the provinces surrounding Concepcion. where the Treatment Centre is bascd. allowing our teams to ltravel there and back in olle day, wbich also allows us to hold repeat clinics iti those areas io ensure the 10D¥er-nTh effect of ypaylneuter in contro]]ing the dog wpulation in the county. We a150 continue to hold 2-3 Island clinics a year, travelling to Islands in the south of the country. to continue supportiDg i51ands with limited veterinary prOgran¢S like Iloilo in the centrg of thc county. Our focus remains on Aspin dogs, the Filipino mongrels, wbo are either stray or owned by people with limited resources. We continue to provide frec spay and neuter surgerie4 essential vacGinaiioDg, iiicluding Rllbie5, Parasitic control. and other vetcrinary trrdtmenL All of this continues to be fully funded by Iwcr with thc objpxtive of pmtecting the welfare of dogs and controlling the groiving dog population in the Philippin&s. All our proc£dures are prOm]ed tt) the high surgical standards, using fully sterile equipment and envimnments. We contlnue to hold a 3maU number of Carabao clinics throughoul th¢ year. worniing and vacciDating tho cardb to support th¢ Philippine farnicrs. Rescue Rebabilltation aDd Adoption Programme Althou&h our Centre is not a e shelier, we continue to rescue dogs when we bave capacity. The ,'bigh standard of veterinary care will continue for those tyscue dogs and the new facilities enable the space aDd stsff to ensure fi¥ll rehabilitation, including so¢ialigation and traioing in the Enrichment Pth. wbere the dogs can learll to, intern¢t and live alongside both humans and otber dogs all in preyation for their furure homes beyond our care. AltkLough adoption is becoming JDuch Jnor¢ common in the PbilTppines, thanks in part to tho ¢dallOn prOan]MeS offered by charities and NGO'S like IWCT, rehoming remains a cba]lenge, particularly with older or tnore needy dogs. Tn order to help counter this, we have ¢onlioued promoting our policy to encourage aDyolle r¢quesling a dog to be rescued to conllnit to either adoptiDgF that dog once recover&l or to help fd them a holl, wbich ¢ODtillues to prove succe55ful. Wiere possli )le we slay in tou¢h with all &loptss, encourab?ing them to update us on their dogs proe$S but also to come to us with any con¢erns. Education Education Ten1$ a vital part of our work in the Philippines, promoting the valu¢ of awmal4 with a focus on dog5 alld cats, aiid on Te$pon1)le pet ownership, with the ultllnate aim of prevething cn*lty and encouraging kindness and tol¢rance. We continue to f(Kus our efforts on primary schooL8 wilhin the provinces of Con¢q)cion; and Tarlac Cityj holding 2 educ41ion Semi per month and thi5 year extended thal lo the island oflloilo with whom we partner ID our mobile clinic progrdmme. holdiog a large session there in August. We use wrtbooks in or(ler to creat¢ intcractive 5essioDs. Page 2
' IwrERNATIONAL WILDLIFE COkLTTtON TRUST EGTSTERED IYUMBER: (F261816 REPORT OF THE TRUSTEES FOR THE YEAR EM>ED 31 MARCH 202) OBJECTIVES AND AcrIvrriEs Volunteer Programme Our Volunteer Progra continues to thrive, Thryth volUnteS being invited to H'ork for IWCT Philippines across a numbej. of 8T&. _ walkin& socialism& and playing with the resident dogs. a(IM]riOn and marS11113]g help at clillics and support with social intloenc¢r alld website in order to grow th¢ IWCT brand in th¢ Philippiue5. Sponsorshlp & Communlty Events Witb the growth of corw)rate social reSponsll[ty in th¢ Philippin&5, we are DOW approacbing companies within the country, wbich is now sianing to prove successthl; we continue to receive Tegu]ar doDations of dog food,trom producers, which we use both to feed our resident Centre dogs and on ow stray feeding drives suburbs of Mett'o-manila. We bave also received doDations of vitsmins and other veterinary treaiments. Antl Dog meat Campaign We continue to monilor any SI of a¢tivity Within th¢ dog tneat trade, but the lev¢]s in the last year have remained v¢ry low. Publle bellefit In shapg our objectives plat)tsing our activities for the year, the Thstees baye given ¢ODsideratiODI to the duties s out by The CbaTity Comn)ission to have due regard to publi¢ benefit. particujar, the TNstet8 haveicoLLqidered how the planned activities will colltribute to the overall aims and objectives that they have seL The Tnlet$ believe that tbe paragrnpbs specifically on the "Objectives ond Activities" and "Acbievements and PerfornwJ¢e" for the year. relate in detail the benefit that the charity piovid¢s to the public. FINANCIAL REVIEW Flnsnclal posltlon The charity achieved a surplu8 for the year on unrestricted activities of £33,735 (2024: deficit £86,722) and this has be¢n added to the rV¢S brought forward of £1249,428 to Leave £1283.163 to be carried forward. Investment pollcy and objectlvu The MetnoTandum of A&80ciation allows the Th]stees to deposit or invest funds in the same mat)ner Same conditions as the Truste¢s of a trust are pumitted to do by the Tn]stee Act ?(M)O. d yubject to the The charity appoint¢d Tilney Group to iDvest and Dwiage a proportion of the funds and any r¢m&ining'fiLnds at held on deposil at the bank. Reserve¥ polky Tlie level of r¢serves in regularty monitored by the TTLLStees. In re¢oiving seveyal large legacies over the 18St 5 years, we bjve invested a CODsiderable amount of that and have now ringfen¢ed a subsiantial amounl in order to secure the future of the IWCT Trealineni Centre ID Tarlac. t is illtended that income froTO investments will b¢ used to cover the rllnnl costs of the C¢ntre. STRuuRE, GOVERNANCE AIYD MANAGEMENr Governing dment The Charity is a Company Limite41 by Guardntre and 19 governed by its Memorandum and Articl&s of Association dated 7 Jwi¢ 1991 as amended by spe¢ial resolutions dated l March 1994 and 25 Febnwy 2002 Ch2rlty constltution International Wildlife Coalition Tn was ill¢orporated on 7 June 1991 (registered company llumuer 2618167). Tt received cbaritable status on 22 Marth 1994 (regiStW cllarrty m]mber 1035381). Page 3
' INTERNATIONAL WIiJ)IIFE COALITION TRUST GISTERED lYtJMBER: 0261816 REPORT OF TRUSTEES FOR THE YEAR EF4DED 31 MARCH 2025 STRUCTUR& GOVERP4ANCE AI¥D mANAGEhNT Recruitment and appointment of new trustees The Trustees (Drectors for Cotnpanies Act purp)ses) are ligted on page 4. The subscnlyers to the Me]norandllm are the first Trustees of the Charity, and when complete the Board SI1 not be less than 3 bllt SIMII not be gubject to any Inaximum. The Board of TnteeS Ims the EX)wer to appoint rn6tnbs of the Ix)ard either to fill a casual vacaycy or as all addition to the knard by Dwiofity vote. All Trustees sbajl be e]lble tor re-elertio Prospeoliv¢ Trustees are required to consider wl)¢ther there WOL)Id be any possible coollicts of interest if they wth'e appointed as a Trustee. The exisling Trustees and the Chief Executive Officer ensure that any prospective Trnstee und¢TStands the pSeS and atms of the ch&ity, as well as their broader duties and respoDsibilities as Trustees. Organlsatlonal strncture Tn tsrn]s of organisational SttUre the trustees are responsible for the sts*egic d7Ction of the cbarity along with governance matters. Th¢ Cbief Executiv¢ is responsible for th¢ day to day operational management of the cbarity, reporting on progress to the Trustees the scbedulpAI tnLStees' meetitigs. Wider network- IWCT Phllipplnes The Company $¢1 up in the Pbdippines is an associated animal welfare organisation caued TWCT Phiiippines , which is Ily alld legaity registered in accordance with Filipino law. Risk mfinfigemenl The trustees have a duty to identify and review the risks to which the charity is exFK)sed aDd to en controls are in place to provide re8SODable &8suranee against fraud and error. ure appropriate REFERENCE AND ADTrftNISTRATIVE DETATIS Reglgtered Company number 02618167 (England and Wales) Reglstered Ch8rlty number 103538l Reglstered offlce 141a High Street Edellbridge Kent Y8 SAX Trn5t¢es J R HawbJidg¢ J D Masters DFMiU$ Mrs F M Lindsay-Hills Compony Secretary J R Hawkridge Independent Examlner Cbristopher Robert Tyler FCA DChA FC F L CRT Limited Flat 24 Wellinstotiia Court Laine Close Brighton East Susse% BNI 6TD Page 4
' INTERNATIOPIAL WJLDIIFE COALrrTON TRUST GISTERED I¥UMBER: 0261816 REPORT OF THE TRIJSEEES FOR THE VEAR ENDED 31 IVIARCH 2025 REFERENCE AND ADMtNISTRATIVE DETAI[ Overseas Address IWCT Philippine> 56-A Wilson Blg Road I Pro.jeGt 6 Quezon City 110 Philippines Bankers Royal BaDk of S¢oiland 117-119 NorthEnd Croydon CRO ITL InvestmeDt Managers Tilney Group 6 Chesterfield GardeDS London WIJ5BQ STATEME OF TRUSTEES, RESPONSIBTLITIES The trustees (wbo are also the directors of Internalional Wildlife CofiJitioD Trnst for the pury)oses of ampany law) are r¢spotLsible for prcwaring th¢ Report of the Tn]steas and the financial statetncnts in accordanct with applicable law and United Kingdom Accounttng Standards (United Kingdom Gcncrn)ly Accepted A¢¢ountiDg Practice). Compally law requires the trustees to prepare fllwlcial statements for eacb financial ye&T whicb give a e and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including 15tatement5, the the income aDd expenditure. of the charitable company for that period. In preparing those fmancia trustee8 aTe required to select witable accounting policies and tIM apply them consistCDt]y' observe tbe methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudenL prepare the financial statements on the going ¢oncern basis unless it is inappropriate to presurae that the chaiitable cotnpany will coDtinuc in business. The trust¢¢s are responsible for keeping prop¢r accountlng rerdS l¢b diKlose with reasonable acc rary &t ouy tim¢ the fanCIal position of the cbariiable company aDd to enable them to ensure that the financial Statem &]]t$ comply with the Compatsies Act 2006. They are also resp)nsible for safe8uarding the assets of the ¢harilable company and hence for taking reasoDable steps for the preventiou and detection of fraud and other irregularilies. Approved by ordw of the board of trustees on ..?&.A4WwJa%&..... and signed OD its behalf by: I J R HawkTidge- Trustee Pdge 5
. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTERNATIONAL WItJ)LtFE COALrfJoN TRugr GIgfERED NUMBEIL. 02618167 Independent examine5 report to th¢ tnte8 of International Wildlife Coalition Trust Cthe Comp,any') I report to the charity trostees on my examination of the of the Company foT the year ellded 31 March 2025. Responsibilities 2nd basig of rert As the CharItS truslees of the Company (and also its directors for the pwposes of company law) you are. responsible foT tbe pr¢paration ofthe accou1 in acc4)rdaoce the requiremenLq of the Con)panies Act 2006 {'the 2006 Act,). Having satisfied mys¢]f that th¢ accouDts of the Cotnpany ar¢ not required to be audited under Part 16 of the 2006 Act and aT¢ ¢ligible for iDdepend¢nt exami I report in respect of my examination of your chariws accounls as carried out und¢r Section 145 of the Charities Act 2011 (lhe 2011 Acrf). In caTrying out my ¢¥aDIltIOll I have followed the DirectioSL% given by th¢ Cbatity cotllm1ion under Sectioll 145(5) (b) of the 2011 ACL Independent ¢xamln¢r'$ 8tstem¢nt Sin¢¢ YO cb817ty's gross incom¢ exceeded £250.(KIO your examiner be a memb¢r of a listed body, T can confimi tbat l am qua]ified to undertake the examin*ioD because I am a member of th¢ Ifjstite of Chartered,, Accountants in England and Wal¢& whi¢h is one of the listed bodies. I have complei¢d my examit)ation. T confimi tIt no Matte have come to my atteotion in conneotion witb the examination gAvints me cause to believe: accounting records were not kept in respect of the Company as TL[ed by Section 386 of the 20b6 Art. or the accounts do not accord with ihose records; or the accounts do Dot comply with Ibe accounting quirements of Section 396 of th¢ 2006 ACÉ other than any requtrement that the accounts give a ttije and fair view which is not a Otter CODsidered as part oèan independeiit exanjination" or the accounts bave not been prepared in accordance with the methods and principles of te Statement of Recommended Practice for ac¢ounliDg and reporting by ch8ritie9 (applicable to charities prepariug7 tbeir accounts in accordancc with the Financial Reporting Standard applieable in the UK and Republic of Ireland (FRS 102)). I heve no Concerns and havc come across no other rnatter5 in connection with the examination to whicb,attttntson should be drawn ID this report in order to a proper w]derstanding of the accounls be reached. Christopher Rob¢rt Tyl¢r FCA DCbA FCIE FI CRT Lirnited Flat 24 Wellingtonia Court Laine Clos¢ BrighloD East SusswA BNI 6TD Page 6
' IwrERNATIOL¥AL WILDLIFE COALTflON TRUST STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 24J25 2025 Unrestricted funds 2024 Total funds Notes INCOME AND EN]K)WMENTS FROM Donations and legacies 237.373 1 109,126 Inve5ttnent income 15.375 14,571. Total 252,748 123,697 EXPENDITiIJIE ON Raising funds 17,386 18,903 Charitable actlyiti UK operatioiis Philippine operations UK operatiotss- support 84.629 131),025 | 3,570 82,778 145,880 3,510 Total 235,6lO 251,071 Net gains on investments 16,597 40,652 NET INCOMEI(EXPENDrruRE) 33.735 (86,722) RECONCILIATION OF FUNDS Total fid5 brought forward 1,249,428 1.336,149 TOTAL FU]YDS CARRIED FORWARD 1.283,163 1,249.427 The tKrtes fortll pwt of these fancial statenmts Page 7
INTERNATtONAL WILDLIFE COAIxfIoN TRusr EGlgTERED NUMBEIL" 02618J6 BALANCE SHEET 31 MARCH 21125 2025 ?024 Total funds funds I Notes FIXED ASSETS Tangible assets Investsllonts l2 13 335,48) 737229 344,143 742,5?7 1.072,714 1,086,670 CURRENT A&S£TS Debtors Cash at baDk and in haDd 14 i6,692 175,843 42,040 127,417 212,535 169 457 CREDITORS Amounts falliDg due within one year 15 (2,086) (6,700) NET CURRENT ASSETS 2)0,449 162,757 T(XTAL ASSETS LE&S CURRENT LIABILITIES 1.283,163 1,249,427 NET ASSETS .283,163 1,249.427 FUNDS Unrestricted funds 16 1.283,163 | 1,249,427 TOTAL IfiTNDS 1.283.163 1.249.427 The rharitablc comp31ty Is entitl¢d to exeuwion from audit UDdeY S¢ctiOD 477 of the Companies Art 2,006 fDY the year ended 31 Marth 2025. The members have not r4uired the company to obtain an audit of its finala1 5taterneots for 31 Marcb 2025 in a¢cordaD¢¢ WAth Se¢tion 476 of the Compani¢s Act 2006. the year ended The trustoes acknowledge their responsiThiJiti¢s for (a) ensuring that the charitsble company ke¢ps ac¢ountlDg rerdS that wtnply with *tiODS 38 Companies Act 2(KJ6 aod pYepariDg finaDcial wteJn¢nts which give a true aDd fair view of the state of affairs of the ¢hariPble company as al the end of ¢acb financial year and of its 5urylus or deficii for each financial year ID accoTd8nce with the requirements of Sections 394 and 395 and which otherwise conlY with the requiremeDts of tbe Companies Act 2006 relakng to fiDancial statements, so far as applicable to the ¢harilabl¢ company. and 387 of tli¢ (b) The notes forni part of the5c fiDancial statem Page 8 continued...
' INTERNATIONAL WILDLTFE COALlON TRUST REGISTERED ]¥UMBEIL. 0261816 BALANCE SHEET- continu 31 MARCH 2025 These fmancia] statements have been prepared in accordance with the Provisions applicable to charitable companies subject to the small CoMpaeS regime. The fin8ncJal slatements re approved by the Board of Tnkn and aulhorised for issue on .. alld were sigDed.on its half by: J R Hawkridge - Tn)stee The notes forni part of these finaDcia] stgtements Pagc 9
IIYTERNATIONAL WItJ)LIFE COALrYtON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOiINTING POLICtES Basis of preparAng the fllwieigl st2tements Tbe financial Statem of the charitable company, Mthich is a pub]ic benefit entity undeT FRS:102. have been prepared in accordance with the Charities SORP (FRSI 02) 'AccouniiDg and Reporting by Cbaritiès.. Statement of Recommended Praclice applicable to charities PTep2ring their accounts with the Financial Reporting Standard applicabl¢ in th¢ UK and Repablic of Ircland IFRS102) (¢ffectiv¢ l JaDuary 2019),, Financial Reporting Standard FRS102 The Financial ReN)rting Standard applicable in the UK and Republic of &eland' and the CompaDies Act 2(K)& The finallGial ststenKnts have been prepared undu th¢ historical collv¢ntioll. unts in these The accounts are pPared in srerlin& which is the functionaj currency ot tbe charity. MoDetary v financial slatements are rounded to the nearest £. The trustee51directOYS CODsider that thffle are no material uncertailllies about the ¢ompanYs ability to continue as a going collcern. Ineom ALI income fi8 re¢ognised in the Statement of Fillancial Activilies (SOFA) once the cbarity has I gal entitlement to the fund& it is probable that the income will be Teceiv¢d and the amouDt can be measured reliably. lllcome from donations is accounted for as received by the ¢harty. The income fronj fundrai shown gross, wilh the associated costs included in fidraiSIng costs. The va]ue of voliiDtary wor in the financia] ststerneDIS. ventures 1$ is not illcluded Graots are r¢cogDised in full in the SOFA in the ye8r in whicb they ar6 ttceivable. Grants for, a purchase of fixed assets are credited to restricted incorne Mthen they are receivable. Wbere the use of the aslet ig restr¢Led, depreciation is cbarged against the restricted Where the use of th¢ asset is no( regtricd it NS trallsfeed to the geJ)eral fund. Other income, including investment incotnc and rA)mmissions, is recorded on accnwis basis. For legacies, entitlement is tsken on a case by basis as the earlier on the da* on which: the,,ChIty is aware that probate h&g been grdDted, the tste Ix£n fmalised and notificarioD bas been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of & legacy, in wbole or in par4 is onty conSided probable wben the 8mount can be meosured oliably and the charlty has been Dotified of the executorfs intention to make a distribution. If the legacy is ID the fonn of all asget other than cash or an listed on a rec()gnised stock exchange, recognition is subjeci. lo the value of the asset being able to bo reliably tnCasud and titl¢ to the asset h&s p&%sed to the cbarity. Where legaci¢s have been notifLed to the ¢barity or the drity is aware of the 8rantin8 of probat¢. and the criteria for in¢ome recogllition have not bem mel then th¢1¢8acy is trea1 as a ¢onting¢Dt asset and disclosed if material. Expeodlture Liabilities are r¢cognis¢d as expenditure as soon as there is a legal or consmictive obligatio charity to that expenditure, it is probable Ibal a transfer of econornic benefiis will be r4uired i the amount of the obligation mi be Tneasured reliably. Expenditure TS a¢counied for on a including iffecoverdble VAT and has been clwified under headings that aggregate all co category. Where costs ¢aDnot be direcity attributed to parti¢ular headings they baye been allo on a basis COD$iStenl with the use of resources. committing the settlement alld accruals basis t relatsd to the tod to activities All expenditure is accounted for on all a¢cruals basis and has been classitied UDder the relevant leadings. (i) Costs of geDerating funds are those Costs in¢trred in attrathiog grants, voluntsry income and fees. (ii) Chajifable expeDditure comprises those costs incurred by the cbarity in the delivery of 119 activities and senryces for its beneficiaries. It includes botlL Costs that can be a]located dItlY to such a¢livities and those costs of an indirect nature nece&wy to support th¢m. (ill) Svpport ¢osts include those incuTred in the governa))¢e of the cbaTity and its assets and are primarily associthed with constitutional and statutory requiremellts. Page 10 continued..
. INTERNATIONAL WILDLIFE COALTfioN TRU NOTES TO THE FINANCIAL SfATEhlENfs . contiaued FOR THE YEAR ENDED 31 MARCH 2025 AccouNfiNG POLtClES- continlled Tangible fixed x&qets Tangible red assets costing tnore than £500 are capitalised and includeA at Cost iDcludingT expenses of acquigitio Depreciation is provided on all tawble fixed assets al Trt¢5 ca]culated to write off th¢ cost ori a straight line b1$ over their useful ecoDom(c lives as follows . Freehold Land - not depreciats Trnprovern¢nts to Property- 50 y&qrs straight lille. EquipD]eDt and Fittings- 4 years straigbt line. Building proje¢ts , vebicles aDd eqUipn]t used in progrdmme5 oVeeaS are not capithlised b 11 lo charitable expendilure when in¢urre are cbarg¢d in TtIOl The charity IS CODsidered to pass the tests set out in Para&ry)h I Schedule 6 Finance Act 2010 and therefore it meets the derLti0rt of a charitable eompany for UK Corporation Tax purposes. A¢¢ordiDgly the Charity is polentiajly exempt from taXln in respect of ynconle or capital gains received within catego ies covered by Chapter 3 Part Il Corporation A¢r 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that sucb income or &ain$ are applied exchLsivety to charitable purposes. Fund atconntiDg UnTestTiCted funds be used in accordance with the charitable objectives at the discretion of th truslee$. Restricted funds can onty be used for particular r¢5trirted PUTP05es within the objects of the c arise when specified by the donor or when are rSed for particular restricted purposes. ty. RestriotiOll3 Further explanation of the tmture and pury)ose of each fund i5 inched in the notes to the finauci statements. Forelgn currencies AsseLs aDd liabilities ill foreign ¢urrencies translated into sterlin8 at the rates of exchange ruling at the balance 8beet date. TrdDsactiODS in foreign currencies are tMslated into sterling at the rate of e .chang¢ ruling at the date of transaction. Ex¢hange diffetcllr¢s tsken into a¢couDt in arriving at th¢ operating result. Casb at bank and In hand Cash at bank and in haDd includes casb and sbort terni highly liquid iDvestnJents ivith a short th&turity of three months or less from the date of acquisition or opening of the deposit or sin)ilar account. Pen$lon s¢h¢me The charity operates a defilled contribution scheme administered by NEST. Contributions payyb e to the charity's peDSiOft scbeme are ¢hryd to the Stateiuent of Financial Activities in the kwi(MJ io whicb they relate. Fixed asset Investments gnd realised gainy and losges Imrestmenls are a fomi of basi¢ instrument and are initiaIty re¢ogDised at their transa¢lion Yalue measured at their fair vatue as at the balance sheet dats the cJosiDg quoted market value. d subsequently The cbaTity does not acquire option3, derivatiyes or other complex financial instnuhents. The main fomi of financial risk faced by the charity is that of volatiliry in e4Wity mad(ets and invegtrnent ]narkets due to widcr economic conditions. the attitude of investors to investment risL and changes ill sentinont ¢oncenJing equities and within particular sectors or sub sectors. Page 11 CDntinued..-
,. INTERNATIONAL WILDIIFE COALITION TRUST NOTES TO THE FINANCIAL sfATETrIEwfs . e4)ntinued VOR THE YEAR ENDED 31 MARCH 2025 AccouNfING POIICIES. continutAI Cash at ba)Jk and in hand All gains and 10&8es are tsken to the St2ternent of Financial Activities as Ihey arisc. Realised gains and losses oil investsnents are ca]culated &$ the difference betlween sale proceeds and their opening carrying value or their purchase Value if acquired subsequent to the frst day of the financia] yar. Unrealsied gains and losses are calculated a5 the diff¢renc¢ betwe¢n the fair valu¢ at the year ¢Dd and Iheir carry value. Realised alld uwealised investment gaiDS aod Ios8es are cotllbin in the Statem¢Dt of Financial ActivÉties. DONATIOFIS AND LEGACIES 2025 2024 DoDalions and legacies 237,373 I09,126 INVESTMENT INCOME 2025 2024 Investment iDCOtne D¢posii account inierest JDioTest on Brttisb Wildlife Centre Limlted l(Mll 14,653 722 12.844 1,375 352 15,375 14,571 RAISING FUIYDS Ra15ing doDatioDs and legacies 2025 2024 Newsletter productio llwiling and therti8ing 11,762 12.541 Inv4%tmenl management eo 2025 2024 Jnv¢sttn¢nt advirA 5,624 6,362 Aggregat¢ aTnounls 17,386 18,903 Page J2 continued.-.
INTERNATtONAL WILDIIF£ COALTrtON TRusr NOTEI S TO THE FINANCIAL STATEMENfs- continued FOR THEI YEAR EM)ED 31 MARCH 2025 Direct Costs (see rle 6) Sw)port costs (see not¢ 7) Totals UK orKrations Philippine operions UK Opeyalioj- support 84,629 130,025 84,629 130.025 3,570 3.570 214,654 3,570 218,224 DIREcf COSTS OF CHARITABLE AcfivITIES 2025 2024 Rent and rdtes Legal and professional Printing siationery. telephone and postage Office expens¢s Bank and cr¢dit card ¢h8r8es Lnsurance Sundries CfflJtr¢ costs OperatioDaJ expenses (UK and Overse85) Community prograrn Cliuic costs Dq)reciation of InrOVeMents Depreciation of rlreS and fitttngs 8,167 845 152 5,287 58 873 96 21,853 7,686 240 684 4,927 (81) 8Ql 145 43,395 116,460 9,245 36,497 4,983 3,676 18,087 38,596 4,983 3,676 214,654 228,658 SUPPORT COSTS Governance ¢0StS UK opeTations - support 3.570 Support ¢osl4 included in the above, are as follows.. 2025 UK operations - sllprt 2024 Total activities Bookkeeping Independent Examiners fee 1,830 1,740 1,830 1,680 3,570 3,510 Page 13 continued...
INTERNATIONAL WtLDLIFE COAIifIoN TRUST NOTES TO THE FINANCIAL STATETrIEWS . Continued FOR THE YEAR EIYDED 31 MARCH 2(U5 NET INCOMEI(EXPENDrrtlRE) Net incomel(¢xpenditure) is stated after chargingl(crediting): 2025 2024 Depreciation - Own assets 8,658 8.658 TRUSTEESI REMUNERATION AND BENEFITS TbeTe wer¢ no trustees, reMUnOn or other benefits for the y¢ar ended 3 J March 2025 nor fo , 31 Marcb 2024. the year ended TnJ$tses' p¢ll$ There were no trust¢es' expenses paid for the year ended il March 2025 nor for the year eoded l March 2024. io. STAFF COSTS Staff costs during the ye&r were as follows: 2025 2024 Wages and salaries Employers national insuranco. Employer8 pension costs 57,227 5,235 I,288 61,338 5,527 1.393 Staff costs in the Philippin&% amounted to £57,461 (2024: £57,991). The charity employed the daughter of a trustec. J R Hawktidg4 &8 Development and Communio&tions Maner. Her remuneratlOD was £39,4 I2 (2024: £38,983). The aveTage number of UK employe WLS 2 (2024 . 3).. The tharity considers the key nianagellNit personnel lo be the Ints who received no remuner COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTIES tion. J.1. Unrestriot¢d funds INCOME AND EIYDOWMENTS FROM Donation8 and legacics 109,126 IDvestment in¢orne 14,571 Tolal 123,697 EXPENDTtURE ON Raising funds 18,903 Charhabk )etlvftie& UK operations Philippine operations 82,778 145,880 3,510 Pdge J4 continued...
. INTERNATIONAL IVILDLIFE COALrrIoiy TRUST NOTES TO THK VINANCJAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ii. COMPARATIVES FOR THE STATEMENT OP FINANCIAL AcfiviTIES- tontinued Unrestricted fi]nds Total 251.071 Net gains on iDV¢Stm¢nts 40,652 NET INCOMEI(EXPENDITURE) (86,722) RECONCILIATION OF FUNDS Total fimds brouglrt forward 1,336,149 TOTAL FUNDS CARRIED FORWARD 1,249,427 12. TANGIBLE FIXED ASSETS ImprovemeDts Fixtures Freehold property property Totals COST At l April 2024 and 31 Marcb 2025 97.737 249,133 28,091 374,961 DEPRECIATION At l April 2024 CbaToe for year 10,078 4,983 20,740 3,675 30.818 8,658 Al 31 MaTch 2025 J5,061 24,415 39,476 NET BOOK VALUE At 31 March 2025 97.737 234,072 3,676 335,485 At 31 March 2024 97,737 239.055 7,351 344,143 Included in c05t or valuation of land and buildings is freehold land of £97,737 (2024 - £97,7 depreciated. 7) wbÉch is not Page 15 ontinued..
., IIYTERNATIONAL WILDI COALITION TRUST OTES TO THE FJNANCL4L STATEMENfs . continued FOR THE YEAR ENDED 31 IkiARCH 2025 13. FIXED ASSET INVESTMENTS Listd inveglmentg MARKET VALUE At l April 2024 Additions Disposals Revaluations 742.527 104.097 (120,363) 10,968 At il March 2025 737,229 NET BOOK VALUE At 31 Marcb 2025 737,229 At 31 March 2024 742,527 AD anatysis of the investr*nts is as follows: 2025 2024 UK 331,951 405,278 316,972 425.555 Cosl or va]uation at 31 March 2025 is represented by: Listed investment9 Valuaiion ID 2025 737,229 14. DEBTORS: AMOUIYTS FALLVNG DUE WITHtN 01¥4E YEAR 2025 2024 Legacies recoivable International Wildlife Coalition Other debtors aud pyepa>Trents Amounts held by brok¢rJ Tax recoverable 6,788 15,000 9,738 9,854 8,884 5,282 6,000 3,509 6,245 7,432 36,692 42,040 Page 16 continued...
YTERNATIONAL WJLDIIFE COAUTION TRUST NOTES TO THE FtNANCL4L srATEIENTS . continued FOR THE YEAR EIWED 31 MARCH 2025 15. CREDrroRS: AMOEITh FALLiNG DUE wrrHIN ONE YEAR 2025 2024 2,086 6,700 16. MOVEMENT IN FUNDS Net mov¢uient in fid$ At 31,3.25 At 1.424 Unrestrleted funds General fund D¢sL8tialed Fund - IWCT Philippine tk)g Project 1,149,428 33,735 1,183,163 Icx),000 loo.000 1249,428 33,735 1,283,163 TOTAL FUNDS 1,249,428 33,735 1.283,163 movement ID fund& included in the above are as follows: Tneomillg Tesources Resour¢¢$ cxpendcd Gains and losses Movem¢nt in funds Unreslrlcted funds General fund 252,748 (235.610) l6,597 33,735 TOTAL FUNDS 252.748 (235.610) 16,597 33,735 comparativ for movemeot ID funds Net movement in funds At 31.3,24 At 1.4.23 Unrestri¢tid funds General fund Designated Fund - IWCT PbilippiDe Dog Project 1236,149 (86.722) 1,149,427 ICK).(K)O Loo,000 J.336,149 <86,722) 1,249,427 TOTAL FUNDS 1,336,149 (86,722) 1,249 427 Page 17 continued...
INTERNATIONAL WILDLIFE COAIITION TRusr NOTES TO THE FINANCIAL STATEKENIS - continued FOR THE YEAR EIWED 31 MARCH 2025 16. MOVEME]Yr IN FUThDS- CODtinlled Comparative )t mov¢ment in fitllds, included in the above are as follows: IncomiDg R&sour Gains and Iosses Movejnent in fi]nds Unrestricted fvnd Genal fund 123,697 (251.071) 40,652 (86,722) TOTAL FUNDS 123.697 {251,071) 40,652 (86,722) 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 18. SHARE CAPITAL International Wildlife Coalition Thjst is a cornpany limited by guarante< register&J in England has no share capitsl. No one member b&s overall control of th¢ cotnpany. nd Wales, and Every member of the Company undertakes to contribute such amount as may be required (nol e ceeding £1) to the Company's &wts if it should be wound up while he is a Member. or within one year after ceases to be a mcLnbeT, for Wdyinent of the Cofflpanys debts and liabilities coDtracted before he ceases to be a embèr, and of the cost5. charges aDd expenses of winding up, and for the adjustm¢nt of the rights of the contr'butorie& themselves. On the winding up of the coMY any al[Unt rcTllaining afier the settJem¢nt of all its debts and liabilities shall be giveD to some other ¢haritable institution or institutions having simuar objects. The company's register nutnber and registered office addre&8 can be found in the 'tLgal an Inforn]ation' section of the aOUllts. Administrative Page 18