**Registered Company Number: 03470186 Registered Charity Number: 1069800**
## **THE LEWA WILDLIFE CONSERVANCY UK**
**(A company limited by guarantee)**
**TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
## **THE LEWA WILDLIFE CONSERVANCY UK**
## **CONTENTS**
||Page|
|---|---|
|**Trustees' report**|1 - 4|
|**Independent examiner’s report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Statement of cash flows**|8|
|**Notes to the financial statements**|9-16|
## **THE LEWA WILDLIFE CONSERVANCY UK**
**TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit their annual report and the financial statements of The Lewa Wildlife Conservancy UK (the Charity) for the year ended 31 December 2025. The Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice - 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 2019.)
## **OBJECTIVES AND ACTIVITIES**
## **Objectives**
The Charitable objects of the Charity, as set out in detail in its Memorandum of Association, are:
- to promote, for the benefit of the public, the preservation and protection of endangered wildlife species, and in particular but without prejudice to the foregoing, species of rhinoceros living within the Lewa Wildlife Conservancy in Kenya and;
- to promote the preservation and protection of the habitat of such animals through the education of those local to and living with endangered species in sympathetic land use.
## **Activities**
The Charity meets its objectives principally by raising funds with which to provide grants and other support to The Lewa Wildlife Conservancy Kenya (Lewa Kenya) and its local partners to pursue its projects in the areas of education, community and healthcare, security and anti-poaching as well as wildlife conservation.
Lewa Kenya is supported by funds raised by separate Lewa international entities legally established in nonKenyan countries including The Lewa Wildlife Conservancy UK (Lewa UK). A global fundraising team is engaged to increase funding for Lewa Kenya’s impactful work with communities and wildlife. Until 2024 this team was headed by an International Executive Director, employed by Lewa UK, since when it is being led by the Chief Development Officer of Lewa Kenya.
## **Public Benefit**
When reviewing the Charity’s aims and objectives and planning its future activities, the Trustees confirm that they have referred to the guidance contained in the Charity Commission’s guidance on public benefit, and the duties set out in Section 17(5) of the Charities Act 2011, including the guidance “Public Benefit: Running a Charity (PB2).” The Trustees are satisfied that the Charity meets the requirements and conforms with the Act’s definition of a charity meeting the principles of public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
The trustees continued to support the preservation and protection of endangered species and to develop associated community projects in line with the principle activities set out above. A number of specific appeals were well supported by donors but overall donations were below those of the previous year following the decision to have certain foreign donations, previously routed through UK, sent directly to Kenya. Lewa UK is a fully integrated part of the international fundraising team, which generated funds over USD 5.9m in 2025.
- 1 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **FINANCIAL REVIEW**
## **Review of the Year**
Income in the year was £181,154 compared to £257,935 in 2024 and £690,785 in 2023. This reduction is a consequence of several factors in recent years including the redirection of foreign donations direct to Lewa Kenya, the expiration of the Service Reimbursement Agreement with Lewa USA, and reduced fundraising activity during 2025 while the Charity was reviewing its strategy. Despite this, the Charity continued to benefit from the generous support of its core donors and was able to grant funds to Lewa Kenya of £132,865.
## **Reserves Policy**
Throughout the year the Charity has adhered to its policy of maintaining a working capital reserve fund as a precautionary measure to mitigate against the risk of a reduction in income. This reserve would cover the fundraising and operating costs of the Charity for a minimum period of six months. Based on the 2026 budget, this six month minimum reserve would be £35,000. The free reserves of £65,932 on 31 December 2025 satisfy the Charity’s reserves policy.
## **Going Concern**
The Trustees are of the opinion that the assets and reserves of the Charity, considering its committed income, expenditure and cash flows, are adequate to support its on-going activities and obligations.
## **Principal Funding**
The charity has no single principal funder.
## **Investment Policy**
The Charity has no long term investments. If there are funds being held pending decisions on how they will be used, the Trustees will place them in short term bank deposit accounts seeking to achieve as competitive an interest rate as possible in the context of the principal objective being to maintain accessibility of the funds, in order that they may be used as soon as possible for appropriate and effective charitable purposes.
## **Rusk Management**
The principal risks faced by the Charity lie in the operational risks of its ability to obtain donations from its fundraising activities and thereby in the provision of effective funding to The Lewa Wildlife Conservancy Kenya.
The Trustees risk management policy comprises:
- a) an annual review of the principal risks and uncertainties;
- b) the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
- c) the implementation of procedures designed to minimise or manage any potential impact on the Charity should those risks arise.
## **Future Plans**
The Charity seeks to maintain its current UK donor base and to expand it, particularly through a schedule of cultivation events planned for 2026 bringing together key personnel from Lewa Kenya with existing and potential donors. The UK charity will continue to pay a major role in developing relationships with donors on a global basis which will enhance not only UK performance but also the income generated in Lewa USA and of grants sent directly to Lewa Kenya, all of which will maintain and expand the local charitable activities in Kenya as identified in the Strategic Plan.
- 2 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational Structure**
The Charity is governed by its Memorandum of Association dated 1 November 1997, amended by special resolution dated 6 May 1998, and is constituted as a charitable company limited by guarantee, incorporated on 24 November 1997. It is a registered charity, number 1069800. In the event of the Charity being wound up, the liability of each member in respect of the guarantee is limited to £10.
## **Method of Appointment and Induction of Trustees**
Trustees are appointed by the Board of Trustees under the terms of the Articles of Association. As part of their initial induction, newly appointed Trustees are provided with an information pack about the charity and are given a briefing as well as details concerning their duties as Trustees of the Charity. The Trustees meet formally twice a year.
## **Related Parties and Relationships with Other Organisations**
In addition to the Charity there is a separate legal entity in the USA, which meets its charitable purposes by supporting the charitable activities of The Lewa Wildlife Conservancy Kenya. A Sustainability Committee of five members, comprising three board directors of the Lewa Wildlife Conservancy Kenya and a representative from each of the UK and USA boards, meet quarterly together with the Chief Executive Officer and the Chief Development Officer of the Lewa Wildlife Conservancy Kenya, to monitor and review the Lewa strategic growth plan. The activities of the supporting entities in the UK and USA, which are identified to deliver their element of the plan, are delegated to, and coordinated by, the Chief Development Officer who is employed by The Lewa Wildlife Conservancy Kenya.
Financial transactions with related parties are described in note 13 to the financial statements.
## **Remuneration policy for key management personnel**
Although all staff are employed by the independent Employer of Record staff remuneration is determined by the Sustainability Committee including an annual review and recommendation of key management personnel’s pay and remuneration. In coming to decisions the Committee takes into account the aims and values of the Charity, the strategic plan and the ability to pay, individual competencies and performance, remuneration levels at similar charities, and retention. These factors are not exclusive and any decision will inevitably include an element of discretion.
## **REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025**
|Trustees|J F Dryer|Chair|
|---|---|---|
||K A Crook||
||P E Mulholland||
||_D Hillyard_|_Resigned 26 April 2025_|
||_F Sanderson_|_Resigned 21 January 2025_|
|Trustee Emeritus|D J Walker||
|Company registered number|03470186||
|Charity registered number|1069800||
|Registered office|75 Maygrove Road, West Hampstead, London NW6 2EG||
|Independent Examiner|Anthony Epton, 75 Maygrove Road, West Hampstead, London NW6 2EG||
|||-3-|
## **THE LEWA WILDLIFE CONSERVANCY UK**
## **TRUSTEES’ REPORT**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees (who are also directors of The Lewa Wildlife Conservancy UK for the purposes of company law) 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). Company and charity law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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
- make judgments and estimates that are reasonable and prudent
- state whether applicable UK Accounting Standards and the Charities SORP have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company 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. They are also responsible for ensuring all personal and other sensitive data of donors, funders, partners and staff is maintained at a level compliant with the requirements of the General Data Protection Regulation and Data Protection Act 2018.
:
## **Statement as to disclosure to our Independent Examiner**
In so far as the trustees are aware:
- There is no relevant information of which the charitable company’s independent examiner is unaware; and
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
This report has been prepared in accordance with the Statement of Recommended Practice - 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) and with the provisions of the Companies Act 2006 and of FRS 102 relating to small companies.
This report was approved by the Trustees on 13 May 2026 and signed on their behalf, by
………………………..……………….
**J. F. Dryer Chair of the Board of Trustees**
- 4 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LEWA CONSERVANCY UK**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025, which are set out on pages 6 to 16.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the 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 Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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 ‘true and fair view’, which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (Charities SORP (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Epton BA, FCA, CTA Fellow of the Institute of Chartered Accountants in England and Wales Goldwins
Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG
## 19 May 2026
Date: .............................................
- 5 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Note**
**INCOME FROM:**
Donations
3
**Total Income**
**EXPENDITURE ON:**
Raising Funds
4
Charitable activities:
5
**Total Expenditure**
**NET INCOME / (EXPENDITURE)**
8
**Transfer between Funds**
**_**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
|**Restricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2025**
**£**
**£**
**132,687**
**48,467**
**__________ __________**
**132,687**
**48,467**
**__________ __________**
-
**13,703**
**132,687**
**43,664**
**__________ __________**
**132,687**
**57,367**
**__________ __________**
-
**(8,900)**
-
-
**_________**
**__________ _**
**-**
**(8,900)**
-
**74,832**
**__________ __________**
**-**
**65,932**
|**Total**
**Funds**
**2025**
**£**
**181,154**
**__________**
**181,154**
**__________**
**13,703**
**176,351**
**__________**
**190,054**
**__________**
**(8,900)**
-
**_________**
**(8,900)**
**74,832**
**__________**
**65,932**
|_Total_
_Funds_
_2024_
_£_
_257,935_
__________
_257,935_
__________
_30,176_
_407,685_
__________
_437,861_
__________
_(179,926)_
_-_
__________
_(179,926)_
_254,758_
__________
_74,832_
|
|---|---|---|---|
The detailed 2024 comparative statement of financial activities is reported in note 2.
The notes on pages 9 to 16 form part of these financial statements
- 6 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
## **BALANCE SHEET AS AT 31 DECEMBER 2025 COMPANY NUMBER 03470186**
|**Note**
**£**
**CURRENT ASSETS**
Debtors
10
**5,764**
Cash at bank and in hand
**79,978**
**____________**
**85,742**
**LIABILITIES**
Creditors: amounts falling due within one year
11
**19,810**
**____________**
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**FUNDS**
Restricted funds
12
Unrestricted funds
12
**TOTAL FUNDS**
|**2025**
**£**
_£_
_4,788_
_89,382_
______________
_94,170_
_19,338_
____________
**65,932**
**____________**
**65,932**
**-**
**65,932**
**____________**
**65,932**
|_2024_
_£_
_74,832_
______________
_74,832_|
|---|---|---|
|||_-_
_74,832_
______________
_74,832_
|
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2025 and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the Companies Act 2006.
The financial statements were approved by the Trustees on 13 May 2026 and signed on their behalf by:
**JF Dryer**
Chair of the Board of Trustees
The notes on pages 9 to 16 form part of these financial statements
- 7 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025**
|**2025**
£
**Net cash provided by/(used in) Operating Activities (see below)**
**(9,404)**
**Change in cash and cash equivalents in the year**
**(9,404)**
Cash and Cash Equivalents at the beginning of the year
**89,382**
**Total Cash and Cash Equivalents at the end of the Year**
**79,978**
**econciliation of net income/expenditure to net cash flow from operating activities**
**2025**
£
Net income/(expenditure) for the year (as per the statement of
financial activities)
**(8,900)**
Decrease (Increase) in debtors
**(976)**
Increase (Decrease) in creditors due within one year
**472**
**Net cash provided by/(used in) Operating Activities**
**(9,404)**
**Analysis of cash and cash equivalents**
At 1
January
2025
Cash
flows
£
£
Bank current account and cash in hand
**89,382**
(9,404)
**Total cash and cash equivalents**
**89,382**
(9,404)|_2024_
_£_
_(155,648)_|
|---|---|
||_(155,648)_
_245,030_|
||_89,382_|
||_2024_
_£_
_(179,926)_
_45,842_
_(21,564)_|
||_(155,648)_|
||**At 31**
**December**
**2025**
**£**
**79,978**|
||**79,978**|
## **Reconciliation of net income/expenditure to net cash flow from operating activities**
The notes on pages 9 to 16 form part of these financial statements
- 8 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
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 2019) - (Charities SORP), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Charity has taken advantage of the special provisions relating to small companies as set out in the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **1.2 Going concern**
The accounts are prepared on a going concern basis after consideration by the trustees that there are no material uncertainties about the charity’s ability to continue as a going concern. Such consideration includes a review of committed income and expenditures, cash flows and reserves. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period nor which affect the current year’s financial statements.
**1.3 Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided, at their discretion, to set aside to use for a specific purpose. Restricted funds are funds which the donor has specified are to be used solely for particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
## **1.4 Joint venture accounting**
Where the Charity enters into an arrangement with other charities or partners to undertake activities through jointly controlled operations, the Charity’s gross share of the incoming resources and resources expended and of the assets and liabilities of the joint operation is included in the Charity’s accounts.
**1.5 Incoming resources** 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 that the amount can be measured reliably .
Grants and donations are recognised as income in the year in which the donor states the funds should be expended. Where no such statement is made the income is recognised in the year in which it is receivable. Income received in advance of the specific period in which it is to be used is deferred until the criteria for income recognition are met.
Investment income is recognised when receivable and the amount can be measured reliably by the Charity.
**1.6 Donations of services and non-monetary gifts** Where services or other non-monetary gifts are provided to the Charity as a donation, the contribution is recognised as income based on the value of the gift, being the amount the Charity would have been willing to pay to obtain an equivalent economic benefit; a corresponding amount is then recognised in expenditure in the period of receipt. The value of services provided by volunteers is not included.
- 9 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1. ACCOUNTING POLICIES …. continued**
## **1.7 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount can be measured reliably.
Grants are recognised in the year they are awarded, unless specific conditions are attached; such grants being recognised as expenditure when the conditions are fulfilled.
Expenditure is classified under the following activity headings:
- Raising funds: comprises the costs, including allocated support costs, incurred in seeking donations and organising fundraising events
- Charitable activities: comprises the costs, including allocated support costs, of undertaking activities to further the purposes of the Charity.
Costs which are attributable to a specific activity are charged directly to that activity. Costs which are shared between a number of specific activities are charged directly to those activities based on the amount of time or usage incurred in undertaking each of the specific activities.
**1.8 Allocation of support costs** Support costs are incurred to further the work of the Charity but are not incurred directly for raising funds or carrying out charitable activities. These costs, which are analysed in the notes to the financial statements, are allocated between the cost of raising funds and expenditure on charitable activities based on the weighted average amount of time undertaken by the Charity as a whole on those activities.
## **1.9 Foreign Currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are converted into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the Net Income/(Expenditure) for the year and both gains and losses are included in support costs.
**1.10 Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment - 33% straight line
Individual fixed assets costing below £1,000 are not capitalised.
## **1.11 Debtors**
Accrued income is recognised where funds in respect of the financial period being reported have been received or invoiced after the Balance Sheet date. Prepayments are recognised where payments, in respect of future financial periods have been made prior to the Balance Sheet date
**1.12 Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of six months or less from the date of acquisition or opening of the deposit or similar account.
## **1.13 Creditors**
Creditors and provisions are recognised at their invoiced amount including VAT. Accruals are based on agreed costs (including VAT) for services received prior to the Balance Sheet date but not invoiced before that date; where an expense has not been agreed an estimate of the final settlement amount (including VAT) is made
## **1.17 Pensions**
Employees are “auto enrolled” into a defined contribution pension scheme from which they may opt out. The Charity’s only liability is the monthly contribution calculated as a proportion of the employee’s qualifying earnings during the period of employment at the Charity.
- 10 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Detailed prior-year comparatives for the statement of financial activities.**
|**Note**
**INCOME FROM:**
Donations
3
Charitable Activities
4
**Total Income**
**EXPENDITURE ON:**
Raising Funds
5
Charitable activities:
6
**Total Expenditure**
**NET INCOME / (EXPENDITURE)**
9
**Transfer between Funds**
**_**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
|**Restricted**
**Funds**
**Unrestricted**
**Funds**
**2024**
**2024**
**£**
**£**
**170,550**
**87,385**
-
-
**__________ __________**
**170,550**
**87,385**
**__________ __________**
-
**30,176**
**170,550**
**237,135**
**__________ __________**
**170,550**
**267,311**
**__________ __________**
-
**(179,926)**
-
-
**_________**
**__________ _**
**-**
**(179,926)**
**-**
**254,758**
**__________ __________**
**-**
**74,832**
|**Total**
**Funds**
**2024**
**£**
**257,935**
-
**__________**
**257,935**
**__________**
**30,176**
**407,685**
**__________**
**437,861**
**__________**
**(179,926)**
-
**_________**
**(179,926)**
**254,758**
**__________**
**74,832**
|_Total_
_Funds_
_2023_
_£_
_490,785_
_200,000_
__________
_690,785_
__________
_35,402_
_647,405_
__________
_682,807_
__________
_7,978_
_-_
__________
_7,978_
_246,780_
__________
_254,758_
|
|---|---|---|---|
- 11 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **3. Income from Donations**
|Donations
HMRC gift aid|**Restricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2025**
**£**
**£**
132,687
45,283
-
3,184
_________________
_________________
**132,687**
**48,467**
|**Total**
**Funds**
**2025**
**£**
**177,970**
**3,184**
_________________
**181,154**
|_Total_
_Funds_
_2024_
_£_
_253,942_
_3,993_
___________________
_257,935_
|
|---|---|---|---|
## **4. Expenditure on Raising Funds**
|Staff costs
Consultancy fees
Donation processing fees
Donor relationship costs
Support costs
|**Restricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2025**
**£**
**£**
-
-
-
-
-
2,663
-
808
-
10,232
**___________**
**___________**
-
**13,703**
|**Total**
**Funds**
**2025**
**£**
-
-
2,663
808
10,232
**________**
**13,703**
|_Total_
_Funds_
_2024_
_£_
_7,533_
_11,606_
_2,835_
_145_
_8,057_
__________
_30,176_
|
|---|---|---|---|
## **5. Expenditure on Charitable Activities**
|Grants to The Lewa Conservancy Kenya
Grants to other Kenyan organisations
Staff costs
Consultancy fees
Travel costs
Support costs|**Restricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2025**
**£**
**£**
132,687
178
-
-
-
-
-
-
-
-
-
43,486
__________
___________
**132,687**
**43,664**
|**Total**
**Funds**
**2025**
**£**
132,865
-
-
-
-
43,486
___________
**176,351**
|_Total_
_Funds_
_2024_
_£_
_219,550_
_1,000_
_46,454_
_77,498_
_-_
_63,183_
___________
_407,685_
|
|---|---|---|---|
- 12 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6. Support costs**
|Staff costs
Staff related costs
Board and governance expenses
Independent Examiner fee
Consultancy fees
Office expenses
Foreign exchange (gain)/loss
|**Total**
**Funds**
**2025**
**£**
-
-
96
2,340
49,595
97
890
**________________**
**53,718**
|_Total_
_Funds_
_2024_
_£_
_13,957_
_10,052_
_308_
_2,340_
_32,767_
_11,816_
_-_
__________________
_71,240_
|
|---|---|---|
## **Allocation of Support costs**
Support costs are allocated between the Charity's activities on the basis of the weighted average staff and consulting time spent on each activity, as follows:
|Fundraising
Charitable activities|**Total**
**Funds**
**2025**
**£**
10,232
43,486
**________________**
**53,718**
|_Total_
_Funds_
_2024_
_£_
_8,057_
_63,183_
__________________
_71,240_
|
|---|---|---|
## **7. Taxation**
The Charity is exempt from tax on its charitable activities.
- 13 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **8. Net income/(expenditure) for the year**
This is stated after charging:
|This is stated after charging:
Independent examiner’s fee (incl. irrecoverable VAT)|**2025**
**£**
**2,340**
|_2024_
£
_2,340_
|
|---|---|---|
## **9 Staff costs and numbers and trustee remuneration**
|Staff costs were as follows:
Wages and salaries
Social security costs
Pension contributions
|**2025**
_2024_
**£**
_£_
-
_64,167_
-
_2,269_
-
_1,508_|
|---|---|
||-
67,944|
From 1 January 2025 the UK employees were transferred to a globally based Employer of Record which has assumed all employer responsibilities. Lewa Kenya meets the costs of the services provided by the Employer of Record.
The Employer of Record, on behalf of Lewa Kenya, employed one UK based team member during the year.
In addition, a consultant was paid directly by Lewa UK for accounting services, included in support costs (note 4). From 1 January 2026 these services are provided by the Employer of Record, with the costs met by Lewa Kenya.
## **Staff Numbers**
The average monthly number of staff during the year was:
|Raising Funds
Charitable Activities
Support|**2025**
2024
**No.**
No.
-_0.2_
-_0.7_
- _0.6_|
|---|---|
||- _1.5_|
## **Trustee Remuneration**
The Trustees were not paid nor received any other benefits from employment with the Charity in the year (2024: £nil). No Trustee received payment for professional or other services supplied to the Charity (2024: £nil). Trustees are re-imbursed expenses which would otherwise have been paid by the Charity; in total, such expenses amounted to £nil in the year (2024: £nil).
- 14 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **10. Debtors**
Accrued income Prepayments
## **11. Creditors**
Accruals Due to Lewa Conservancy Kenya Other Creditors HMRC payroll taxes
|**2025**
**£**
5,764
-
**____________**
___
**5,764**
**_________**
**2025**
**£**
8,097
11,626
87
-
**____________**
___
**19,810**
|_2024_
_£_
_4,385_
_403_
______________
_4,788_
___________
_2024_
_£_
_13,440_
_3,880_
_-_
_2,018_
______________
_19,338_
|
|---|---|
## **12. Funds**
## **Summary of fund movements**
|**Restricted Funds**
Education (including Bursaries)
Community & Healthcare
Security & Anti-Poaching
Wildlife Conservation
Kenya Core Programmes
**Unrestricted Funds**|**Brought**
**Forward**
**£**
-
-
-
-
-
**______________**
-
**74,832**
**________**
**74,832**
|**Income Expenditure**
**£**
**£**
59,695
(59,695)
45,850
(45,850)
13,664
(13,664)
12,728 (12,728)
750
(750)
**_____________**
**_____________**
**132,687**
**(132,687)**
**48,467**
**(57,367)**
**________ _________**
**181,154**
**(190,054)**
|**Transfer**
**£**
-
-
-
-
**_____________**
-
-
**_________**
**-**
|**Carried**
**Forward**
**£**
-
-
-
-
-
**_____________**
**-**
**65,932**
**_________**
**65,932**
|
|---|---|---|---|---|
- 15 -
## **THE LEWA WILDLIFE CONSERVANCY UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **12. Funds** _**cont’d**_
## **Analysis of net assets between funds**
|**Restricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2025**
**£**
**£**
Debtors
**-**
**5,764**
Cash at bank and in hand
**11,626**
**68,352**
Creditors due within one year
**(11,626)**
**(8,184)**
**_________**
**_________**
**-**
**65,932**
|**Total**
**Funds**
**2025**
**£**
**5,764**
**79,978**
**(19,810)**
**_________**
**65,932**
|_Total_
_Funds_
_2024_
_£_
_4,788_
_89,382_
_(19,338)_
___________
_74,832_
|
|---|---|---|
## **13. Related party transactions**
The Lewa Wildlife Conservancy UK ( _Lewa UK_ ) is related to the Lewa Wildlife Conservancy in Kenya ( _Lewa Kenya_ ) which, in close liaison with the Government of Kenya and the Kenya Wildlife Service, manages and conserves the wildlife resources in The Lewa Wildlife Conservancy. During the year, Lewa UK awarded funding of £132,865 (2024: £219,550), for specific projects and other charitable initiatives within The Lewa Wildlife Conservancy as described in the annual report of the Trustees.
During the year the Trustees donated an aggregate of £59,000 (2024: £41,245) to the Charity.
- 16 -