Company Registration Number: 3302520 Charlty Reglstratlon Number- 1060811 EDEN WILDLIFE TRUST (A company limited by guarantee TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
EDEN WILDLIFE TRUST (A company limited by guarantee) CONTENTS Page Rof•renc• and admlnlstratlve detalls of the charfty. Its Trustees and advlsers Trustees. report Independent examlnerfs report Statement of flnanclal activities Balance sho¢t Statement of ¢ash flows 10 Notss to the financial statements Tha foll¢)wing pages do not form part of the statulory financial statements.. Charlty Income and Expendfture account
EDEN WILDLIFE TRUST IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees Mr J G Eden {resigned 23 June 2023) Mrs A J Hague Mr D E Higdon Mr P J 86•son, Chaimlan Mr M Eden (appointed 23 June 2023) Ms L Hague (appointed 14 November 2023) Company Roglstratlon Number 3302520 Charty Reglstratlon Number 1060811 Reglstered OfflGe Reading Bridge House George Street Reading Berkshire RG18LS Address Reading Bridgè House George Street Reading Berkshire RG18LS Secratary Mr D E Higdon Chlef Executlve Officer Mr P J Beeson (appointed 23 June 2023) Accountants James Cowper K$tOn Reading Bridge House George Street Reading Berkshire RG18LS Page 1
EDEN WILDLIFE TRUST (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Bankers Barclays Bank PIC 90-93 Broad Street Reading Berkshire RG12AP Sollcitors Morr & Co LLP Flagship House Reading Road North Fleet GU514WP Investment Advl$•rs Charl8s Stanley & Co Limited Willow Court Minns Businass Park 7 West Way Botley. Oxfordshire OX2 OJB Insurance Brokers Marsh Commercial Limited Rouike House Walermans Business Park The Causeway Staines Upon Thames TW18 3BA Trusteas for the Charlty (Nomlnoo holdlng Charlty's Invostm•nts) Rock Nominees Limited Willow Court Minns Business Park 7 West Way Botley, Oxfordshire OX2 OJB Page 2
EDEN WILDLIFE TRUST (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Board presents its report with th8 financial statements of th8 company for the year ended 5 April 2024. HISTORY The company was incorporated on 15 January 1997 in order to acquire the assets and to continue more 8ffectively and efficiently the objectives of a Trust established by the late Ruth Eden on 15 Mah 1979 and known as Eden Wildlife Trusl, whereby she settled funds on Trustees to be held or expended on charitable objectives. The company commenced its operational role on 6 April 1997. The charitable objectives are the promotion of education concerning wild animals and their environment and the promotion of the moral welfare of the community at large by the amelioration of the condition of wild animals suffering cruelty or distress, The Memorandum gives tha Tru$t•o$ absoluté discretion In thè investment of funds. The Trustees have power to apply both income and capital in the furtherance of Trust objecls. PRINCIPAL ACTIVITIES The prlncipal activlly of the company for the year ended 5 Aprll 2024 was that of a charlly. 80ARD OF TRUSTEES The Trustees. all of whom were Directors during the year under review were.. Mr J G Eden- resigned 23 June 2023 Mrs A J Hague Mr D E Higdon Mr P J Beeson- appointed Chairman 23 June 2023 Mr M Eden- appointed 23 June 2023 Ms L Hague- appoinled 14 November 2023 The Trustées accepted the reswnation of J Eden on 23 June 2023 and are pleased to welcome his son M Edan and also L Hague. We take Ihis opportunity to record our thanks to J Eden for the many years servKe he gave the Trust. A number of Trustees are also Members of the Company. APPOINTMENT OF TRUSTEES The company's Memorandum of Association contains the sleps raquired foi the appointmenl and retirèment of Trustees. Copies of the company's Memorandum are available from th8 company's Registered Office. PUBLIC BENEFIT The Trustees confinn thal they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of Eden Wildlife Trust and in planning future activities and setting policies for the future. Page 3
EDEN WILDLIFE TRUST (A company Ilmlted by guarant•• TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 ANNUAL REVIEW In accordance with the wishes and interest of the settler of the original Trust. the main adivities of the Trust are directed to education conceming wild animals and to the conservation of wildlife, both in Kenya. The Board have ensured that the operations of Ihe Trust during the year have been directed to the need to provide public benefit. Historically many of our projects were requested directly by the Kenya Wildlife Service. However, more recently we have been Working with other NGOS by providing funds for local projects. We no longer work directly with Kenya Wildlife Service. Monies are held for emergency support and direct requests. An annual budget for proj8Cts in Kenya was sel by the Trusteas. Projects are funded directly to NGOS from our UK bank account. No monies are held for local distribution in Kenya. In the year under review, the Trustees continued to pursue general objectives in continuation of those In previous years. The Trust concentrates, in most part, on providing funds to assist ranger leams or supporting projects that assist the local communities. Often these projects do not receive signrficant other funding from the larger international charities. During the year we We not requested lo provide Emergency funds by any organisation and this small part of our budget was left unused. All of the major projects planned have been su¢¢essfulty completed. RESERVES POLICY As a matter of policy, the Truslees will seek to maintain the value of the Expendable Endowment Fund. The Trustees are watchful that the basic capital assets represenled by the Expendable Endowment Fund are able to support expenditure in excess of income taking one year with another and where essential are still prepared to spend money in excess of income. KEY MANAGEMENT PERSONNEL REMUNERATION The trustees Gonsider that the Board of Trustees comprise the key management personnel of the charity in charge of directing and controlling the charty's activities and operating the charity on a day to day basis, All Trustees give their time freely and no Trustee remuneration was paid during th8 year. STATEMENT OF FINANCIAL ACTIVITIES Investment income for the year was £124,537 (£125,164 - 2023). Total resources expended of £124,531 (£126,347 2023) including direct charitable expendrture of £107.500 1£107.500 2023). Incomè exceeded expenditure by £6 (exp8nditur8 exc8eded income by £1,183 - 2023). As noted under Reserves Policy the Trustees are prepared lo spend money in excess of income. INVESTMENTS The Trustees investment policy is to maintsin a balance betr¥veen capital growlh and incThne. The TNst's stock markel investments were valued at £2,836,323 at 5 April 2024 (£2,873,646 - 20231. Th• Trustees are still mindful of the economic and political problems that exist and the effect they will continu8 lo have on our on-going project support and our dividend income stream. Page 4
EDEN WILDLIFE TRUST (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 6 APRIL 2024 STATEMENTOF TOTAL RECOGNISED GAINS AND LOSSES The surplus of nat income for the year of £6 (deficit £1,183 - 2023) was decreased by realised investment gains of £115,148 (£8,061- 2023) and unrealised loss of £188.614 (loss £112,714- 2023). ACCOUNTS The accounts on pages 8 to 20, comply with current statutory requirements and the charity's governing documents and Ihe Charities SORP (FRS 102). STATEMENT OF TRUSTEES, RESPONS181UTIES The Trustaes (who are also thè dlrectors ol the charity for tha purposes of company lawl are responsib for preparing the Trustees, report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally A¢¢epted Accounting Practicè), Company law requires the Twstees to prepare financial statements for each financial Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of Ihe charity and of ils incoming resources and application of resources, including its Income and expenditure, for that period. In prepanng these financial stalements, the Trustees are required to. select suitable accounting policies and then appty them consistently, obsenie the methods and principles of the Charities SORP IFRS 102)., make judgments and accounting estimates thal are reasonable and prudent., preparé the financlal statemènls on th6 golng concern basis unless it Is inappropriate lo presume that thè charity will continue in business. The Trustees are responsible for keeping adequate accounting iecords that are sufficient to show ond explain the charitls transactions and disclose with reasonable accuracy al any time the financial position of th6 charity and enable them to ensure that Ihe financial Stalements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
EDEN WILDLIFE TRUST (A company Ilmlted by guarant•a) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 6 APRIL 2024 Statement of Trustees, responslbllltles (CONTINUED) RISK REVIEW The Board of Trustees has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitwate those risks. Tha Trustee$ consider our main risks to be.. Investment portfolio risk - we have taken steps to create a more diversified portfolio of investments. which include other asset classes in addition to equities. We also hold a cash balance to supplement our on-going income that covers two years requirements. This buffer will assisl us gieatly as we are mindful of fluctuating dividend income as a result of the economic consequences of the Covid pandemic. Climate change in Kenya - we are very concerned on the effect this will have on both wildlife and to the local population. Terrorist threat in Kenya - we try to ensure the safety of people and projects in Kenya at all times and no longer carry out project work in the more sensitive areas of the country. TRUST ASSETS AND LIABILITIES In the opinion of the Trustees the Trusts assets are available and adequate to meet its obligations as thay fall due. This report has been prepared in accordance with the special provisions of Part 15 of the Compani95 Act 2006 relating to small companies and has been prepared in accordance with the Slatement of Recommended Practice, Accounting and Reporting by Charities. This report was approved by the Trustees and signed on their behalf. by.. eè8on Mr D E Higdon Trustee Trustee Date: Page 6
EDEN WILDLIFE TRUST IA company Ilmlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDEN WILDLIFE TRUST (Ihe charity'} I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2024. RESPONSIBILITIES AND BASIS OF REPORT As the Truste8s of the charty (and its directors for the purposes of company law) you are responsible for tha preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charty's accounts carried out under section 145 of the Charrties Act 2011 ('the 2011 Act.). In carrying oul my examination I have followed Ihe Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by sectlon 388 of the 2006 Act,. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Stalemenl of Recommended PractlC8 ft)r accounting and reporting by charitlas applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examinatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. IP. Dalad.. 22 November 2024 Alexander Peal BSc(Hons) FCA DChA Chartered Accountant James Cowper Kreston, Reading Bridge House, George Street. Reading Beikshire, RG18LS Pag8 7
EDEN WILDLIFE TRUST IA company Ilmltad by guarantee STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED S APRIL 2024 Expendable endowment Unrestrlcted funds funds 2024 2024 Tolal funds 2024 Total funds 2023 Note Income from: Investments 124.637 124.537 125,184 Total Income 124,537 124,637 125.164 Expendltur• on: Raising funds.. Investment management Charitable activities.. Govarnance Charitable activities 12,186 12.186 12.977 4,845 107,500 5,870 107.500 107,500 Total •xp•nditur• 124,531 124,531 126.347 Net losses on investments (73,4661 173,466) 1104,653) Net Income before tran¥lerJ Transfers beeen funds (73,4661 173,460) 1105,836) 11 R•conclllatlon of fund8: Tolal funds brought fonNard Net movement in fundg 3,064,906 (73,4601 3,064,906 173,460) 3,170,742 (105,836) Total funds carrfed forward 2,991,446 2,991,446 3,064,906 The Statement of Financial Activitie8 indudes all gains and losses recognised In the year. The noles on pages 11 to 20 form part of these financial slatements. Page 8
EDEN WILDLIFE TRUST IA company Ilmlted by guarantee) REGISTERED NUMBER: 3302520 BALANCE SHEET AS AT S APRIL 2024 2024 2023 Noto Flxed assets Invèstmenls 2,836,323 2,873,646 2,836,323 2,873,646 Current assets Cash at bank and in hand 15 161,967 198.094 Creditors.. amounts falling due within one year 10 16,834) {6.834) Net current assets 155,123 191,260 Total net assots 2,991.446 3,tK4.906 Charity fund$ Expendable endowment funds 11 2,991,446 3,064,906 Total funds 2,991,446 3,064,906 The charrty was entrtled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with Section 476 of Companies Act 2006. The Truslees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting re¢ord$ and preparation of financial slatemants, The financial statements have been prepared in accordance wilh the provisions applicable to entilies subject to the small companies regime, Thefin ci81 statements were approved and authorised for issue by the Truslees and signed on their behalf by- on Mro E Higdon Trustee The notes on pages 11 to 19 form part of these financial statements. Page 9
EDEN WILDLIFE TRUST (A company Ilmlted by guarantee) STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 Note Cash flows from op•ratlng actlvltles Net cash used in operating activities 14 1124,531) 1125.267) Cash flows from inv¢stlng activltles Dividends. interests and rents from investments Proceeds from sale of inveslmenls Purchas8 of investments 124,537 125.164 314,108 147,666 1350,2511 (190,838) Net cash provlded by Investlng activities 88,394 81.992 Change In cash and cash equlvalents In Ihe year Cash and cash equivalents at the beginning of the year (36,1371 198.094 {43,2761 241.369 Cash and cash equlvalent8 al the end of the year 15 161,967 198,094 The notes on pages 11 to 19 form part of these financial slatements Page 10
EOEN LDLIFE TRUST (A company Ilmltod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollc5es 1.1 Bas18 of praparatlon of flnanclal statements The finan¢ial stataments hava baen prepared in accordancè with the Charrties SORP (FRS 1021 Accounting and Reporting by Charities: Statement of Recommended Pradice applicable to chanties preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 20151, the Financial Reportin9 Standard applicabl8 in lh8 UK and R8public of Ireland (FRS 102) and th8 Companies Act 2006. Eden Wildlife Trust meets the definrtion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenNise slated in tha ralovanl accounting policy. 1.2 Cash at bank and in hand Cash at bank and in hand includes cash and short4èrm highly liquid inveslmenls with a short rnaturity of three months or less from the date of acquisition or opening of Ihe deposit or similar account. 1.3 Credltors and provlslon8 Credltors and provisions are recognised where the company has a present obligation resulling from past event, that will probably result in the transfer of funds to a Ihird party and the amount due to settle the obligation can be measured or estimated reliabty. Creditors and provisions are normally recognised at their selllement amount after allowing for any trdde discounts due. 1.4 Income Dividends are included within Ihe financial statement8 when they 8re paid. Bank and other deposit interest is shown gross whil$t income from stock markét investmènts Is shown net. Bank deposlt interest is included within the financial slatements when il is eamed. 1.6 Forelgn balanc•$ Balances denominated in foreign currencies are converted at the rate ruling al the date of the balanca sheet. 1.6 Investments Stocks and shares are included at their fair value at the year end using the closing quoled market price. The movement in the Statement of Financial Activities comprises both realised and unrealised 9ains and losses. 1.7 Charftablo expendtture Charilable expenditure is accounted for on an accruals basis. Judgments and estlmates The preparation of the financial statements requires the charity to make judgments. estimates and assumplions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for income and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those eslirnates. There were no judgments or estimat8s that have had a significanl effect on amounts recognised in the financial statements. Page 11
EOEN WILDLIFE TRUST (A company l¢mited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Investment income Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Slock market investments 124.537 124,537 125.164 Tolal 2023 125.164 125,164 Cost of actlvltles In furtherance of the charlty's objectlves 2024 2023 Wildlife expenses 107,500 107,500 107,500 107,500 Wildlife expenses relate to wildlife conserrfation and educational projects in Kenya. All expendrture for both 2023 and 2024 was from unrestricted funds. Inv•stm•nt management costs Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Inv&stment management costs 12,186 12,186 12,977 Total 2023 12,977 12,977 Page 12
EDEN WILDLIFE TRUST (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Governance Costs 2024 2023 Accountancy othèr 3,954 422 469 4,134 1,279 457 Insurance 4,845 5,870 Transfgr betweon lunds The transfers to expendable endowment funds from unrestricl8d funds of £6 (2023.. £1,183) represent the excess net income for the year. Key Managomant P•rsonn•l During the year, no Trustees received any remuneration or other benefits (2023 - £NIL>. Trust administration costs of £30012023.. £300) for professional seNices Vre reimbursed to Mr D E Higdon, a Trustee, during the year. Mr J G Eden. a Trustee. was reimbursed £nil {2023.' £1,000) in respect of a contribution to travel expenses to Kenya. Mr M Eden, a Trustee, was reimbursed £24 (2023., £nil) in respect of contribution for travel expanses. No othér Trustées received any expenses. Page 13
EDEN WILDLIFE TRUST IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Flxed a88et Investmonts Llsted securltles Cost or valuatlon At 6 April 2023 Additions Disposals Realised gains Unrealised l¢$ses 2,873,646 350,251 1314,108 115,148 1188,6141 At 5 April 2024 2,836,323 Net book value At S April 2024 2,836,323 At 5 April 2023 2,873,646 Inv•stm•nt8 at mark•t valu• compri8•: Total funds 2024 Total funds 2023 UK 2024 Ovérseas 2024 Listed investments 2,014,928 821,395 2,836,323 2,873,646 Total 2023 2,303,750 569,896 2,873,646 The following investments represented more than 5Qh of the market value of the portfolio at S April 2024: JPMorgan American Investment Trust 24,000 Sp Ord Shares 234,720 Page 14
EDEN WILDLIFE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 The cost of amounts invested and the amounts held In bank deposit accounts were as follows.. 2024 2023 Stock market Investments Cash at bank 2,836,323 77,491 2,873,646 123,525 2,913,814 2.997,171 10. Credltors: Amounts falllng dug wllhln one year 2024 2023 Other creditors 6,834 6,834 Page 15
EDEN WILDLIFE TRUST IA company Ilmlted by guarant•a) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 11. Statement of funds Stat•ment of funds - current year Balance at 6 April 2023 Transfers Inlout Galn81 Balance at S (Losses) Aprll 2024 Incomo Expendlture Unrestrlctad funds General Funds- all funds 124,537 1124,5311 Endowmont funds Original Fund Revalualion Resetve 1,856,762 116,148 1,970,916 1,209,144 (188,6141 1,Q20,530 3,064,906 (73,4661 2,991,446 Total of fund8 3,064.906 124,537 1124,531) {73,4661 2,991,446 statement of funds . prlor year Balance at 6 April 2022 Transfers inloul Gain Balance at {Losses) 5 April 2023 Income Expenditure General Funds - all funds 125.164 (126,3471 1,183 Endowment funds Original Fund Revaluation Reserve 1,848.884 (1.183) 8,081 1,855,762 1,321.858 (112,714) 1,209,144 3.170.742 {1.183) (104,653) 3,064,906 Total of funds 3,170,742 125,164 (126,3471 (104,653) 3,084,906 Page 16
EDEN WILDLIFE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 12. Summary offunds Summary of funds- current yoar Balanc• at 6 Aprll 2023 Transfers Inlout Galnsl Balance at S (Losses) Aprll 2024 Income Expondltufe General funds Endowment funds 124,537 {124,531 3,064,906 {73,466) 2,991,446 3,064,906 124,537 (124,531) 173,466) 2,991,446 Summary of funds- prlor year Balance at 6 April 2022 Transfers inlout Gainsl Balance at (Losses) 5 Apfil 2023 Income Expenditure General funds Endowment funds 125,164 (126,347) 1,183 3,170,742 (1,183) {104,6531 3.064.906 3,170,742 125.164 (126,347) (104,6531 3,064,906 13. Analysls of n•t assots b•tw•on funds Analy81¥ of net assets between funds • current perlod Endowment funds 2024 Total fund8 2024 Fixed asset inveslments Current assets Creditors due withln one year 2,836,323 161,957 16,834) 2,836,323 161,957 (6.834) Total 2,991,446 2,991,446 Page 17
EDEN WILDLIFE TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2024 13. Analysls of net a88et8 between funds (contlnued) Analysis of net assets betwoen funds . prlor perlod Endowmont funds 2023 Total funds 2023 Fixed asset investments Current assets Creditors due within one year 2,873,646 198,094 (6,834) 2,873.646 198,094 {6,834) Total 3,064.906 3,064,906 14. Reconclllallon of not movement In funds to net cash flow from operatlng actlvltles 2024 2023 Net expenditure for the period {a8 per Statement of Flnanclal Aclivities) (73,460) {105,836) Adjustments for: Loss on Invèstments 73,466 104,653 1124,537) {125,164) 1,080 Dividends, interest and renls from investments Increase in creditors Nèt cash used In operatlng acllvltles 1124,531) (125,267) 1 S. Analysls of cash and cash equlvalents 2024 2023 Cash at bank and in hand 161,967 198,094 Total ¢a$h and cash equlvalents 161,957 198,094 Page 18
EDEN WILDLIFE TRUST IA company IlmSted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 16. Analysls of changes In net debt At 6 April 2023 Cash flows At S Aprll 2024 Cash at bank and in hand 198,094 136,137) 161,957 198,094 {36.137) 161,957 17. Related party transactlons Thera were no transactions with related partles apart from adminlstration costs dlsclosed in note 8. 18. Taxatlon HM Revenue & Customs has accepted the Trust as a charity within the definilion of Part 11 Corporation Tax Acl 2010 with the resuli that the exemptions afforded by Part 11 are available to the extent that incomè and gains ara applicable and applied to charitable purposes only. It is considered that all income and gains of the Trust are applicable and applied to charrtable purposes only and on this basis, no provision for laxation ha8 been made. 19. Share capllal The company has no authorised share capital as the liabilrty of members is Ilmited by guarantee to the exlenl of £10 each. 20. Trustee insurnnc• The Charty has paid lor the purchase of insurance to protect it frorn bsses arising from the neglect of its Trustees and to indemnify th¢ Trustees against thé consequences of any neglect or default. except criminal matters on their part. Page 19
EDEhl WILDLIFE TRUST IA company Ilmlted by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 2024 2024 2023 2023 Total Income 124.637 125,164 124,537 125,164 Net105ses on investments 173,466) (104.653) 173,466 (104.653) 51,071 20,511 Fundlng provlded for othar organlsatlong Sheldrick Wildlife Trust Mt Kenya Trust Elephant Aware Tsavo Trust - Sand Dams Bongo Surveillance Mt Kenya Trust- Vehicle Support A Rocha - Dakatch Woodlands 01 Petja 27,000 19,000 24,000 10,000 2,500 5,000 20,000 25,000 22,000 25,000 10,000 2,500 18.000 5,000 107,500 107,500 Invogtmont management and govornanco coslg Investment management fee8 Accountancy other Tfustee insurance Trdvel 12,186 3,954 398 12.977 4.134 279 457 1,000 24 17,031 18,847 Total expendlture Nel Income for th¢ reporting period 124,531 126,347 (73.460) {105,836) Page 20