. FALKLANDS CONSERVATION FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 JUNE 212 cnY l)3661322 IEngl•rKI and W•s) A8YVllXty 0810312023 COPAPANIES HOUSE
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FALKLANDS COPISERVATION CONTENTS Pag• Tn6tees' Repryt . Ststwn¢nt dFinal4 Athtres 10 11 Ch SlaIwnI 12 Notes to tt FinwKial statnts 13-.25
FALKLANDS CONSERVATION Report of The Trustees year end&J 30 Jur 2(Q2. OBJECTNESAND ACTivrriES FOR THE PUBUC BENEFIT guidance public terel Th8 ccrnpany5 objects and princpal activths as set oJt n ts Artics ¥e to. al to undertake scnbl¢ resewch fft thè wkfflrfe envirrmment of the Islands iiththng N IsL4TrJ and thr SLKroJTrJiTrJ seas aTrJ tg rewts ofgrh r&earch". bl to C(e Ihe wikjlrfe aTrJ VrMent ol the FthtaTrJ 1s18tsts ¥thJiro N&v Isthj rts seas for the tenelrt of the wtAic.' cl. trj educ the wbk In of nath ccrteNth: 'The work ijo (leCts ow miwion to Tri wih tre ktal aTrJ intWnatna Falkl Is Trustee5 have adl&j a Fakthds COr¥alK)n StratgJy a S year tAan vTrJ8r 4 headngs. Tha . achwanenb duriry the first year ol ths Fkn arè de5crtsJ ding$. ACHIEVEMENTS AND PERFORMANCE FORCE FOR NATURE Carbon Foolprlnt FaklaTrYs Conservalth IFC) is cc¥nmrtt&J to Ixwrg rts wab.(mI cartw fwtyrint We da on ectricty use, heab'rJ aTrJ LwJe frcm tra]skt to XCLxatety our cwton footynl frryn 2021. Ths will be used as a basdire lorfutum yès as worfl on hMn"r¥J wr Edu¢atlon and outreach -the Watch Group Wrth SUFPOrt frcTh StwbJ¥d Chartsr8d 8ar. the Watch Group umtinLEd kwamme of acfyvrtBs for young FeoF4e in the IaTrs. Th• INatch Group aft¥&3 n Ihe tru'bj LP to the 2021 Fakla%ls by Wrj qtitin5 abojt ènvir¢JThmental rss. TW ¢reatg1 a v0 of than5dves askwYJ thes& as"0r6 which was wth dl CarateS to brir9 Iss to the fortfront of declKffi. Tr caTrJthte's answers re than collatoj aThJ shared wth ts Wh GrcAP. Tly"o tLK part in'The 8p3 Seweed Search.. . Supportlng •nvlronmentsl edUc*k wlthln Fland Island Khools We conb.nued to Infcffmaticm aff sl¢p to envwonmwtsl Èsscfft5, fekl tri 8TrJ assemblies wthin WKI to SLPP%Xt exrnre siLrts of FC SUFP)rtgJ w IJS trip to Community Enga9ement Community engagèment irt(èasad 3nrfrar durry wih FC events by ov8r 15 Events such a5.Famets w88k, the BYJ Search a1 increawl Watch GroLP atténdarte cortn"bJted to tIe IvJures. Tne ConservalK¥) Ball wag Or a3ain a'succEss fcAkMThJ Wb enfar¢J Wk dL to Covrd. Ensurlnq l•llng praclle• In onshorn and olfshore . infcrned tre Publ aThJ FIG $aknc farniir¥J ft[DJry Iwtht benèfrt of envinrn. Sustainth 8usSness The New IslaTrJ ojt.tum was 8. RESTORING NATURE Tussac Fdantirvj cOntinl on I81 Isu[pted ty GeLYga Seafc>>J51 ar¥J Mot lnd ISwKJrt&% by". EU B8stl. Around 3 Ha ot has been Flrted Mwjdle Island wilh aFproxirnatety 5 Ho on Molèy . Iand. Anaty5rs of tr ol. hitats was urthrtak 17 thThJs. Stwcreek ConsèNAtk)n'$ Ecolcgrcal Re5toratiefi Gra1 conts"n to fwncpl pt to krtal CMUnty CorVation iThtkatNes in¢ludiffj fertcirYJ aThJ repntir9 on Oyke IslaThd. leIj arKI lussac F4anb"NJ at Port and n&'ve Flantir 8nd hatt monrtorirvJ at Lrttk Creek F. gerErou5 ol Jom Elknnan Colaborthe Fund. P¢be Isbt was xquired by FC with ts aim OF rethTrJ trE habrtat of IhE land. Lar parts of Isi are threate1 by erostm, halat scil k65. Ow currerrt restcqatitin effcrt there ¥e severdy chalteryed by the ' chrtfiic inpacts of invasNe mamma15. Owwin we Len at to t*0 C a rw4 rob to
FALKLANDS CONSERVATION Report of Trustees ACHIEVEMENTSANO PERFORMANCE Iconllnuedl SPACE FOR NATURE Vi¥ Irtty to the Marnw Manernert Arè8s IlAr9 FWVkYvw a put4c nIcatrOn 8e5sh)n. sorted FIG wth thwr intere51 to proJre55 Wotect fcf trE Cove MrAJntsirs. 4L USIMG NATURE Vi FxOVl {ThJwl T¢ch lo infrym mer5 of scale. cpen nned, saknorn lam)ing. In e 2022 th? Fafki3TrJ Exe¢utNe c11 kYed to ban Fro)re Salmon faming In the Fthland IslaThts. Frtm anaty>s cl da alrdy 851ts. the irth(Y8 w8tÈrs of th Fk1#[KI Iskinds, wh.ch %e atrety a Key BILxtiveW Area IKBAI for sei wh8¥ werÈ reccgni5ed 05 8 KBA for 9 ' srecs of se"rds. The FakPdrts-wth Seabwd Morltcrfirg Pr¢Irrie. w85 rcrnpJ for ttre CceCIve year. Our whab ta. frve satdrte tJs s• Berkdey Souryj to e0rd their MOnts watw that tw arn fw•vJ at to mfemi ard maywert FIMANCIAL REViEW The rewlg for ts year are ddaw ttst fokn4. Mcst of th8 charitys worfK coSts of grarrt.aided prqects wth an a?reI W.. t furkyw in each case ccKmtiry as re5th'Ct a5 rt wr)t te Used for any wrF<6e. Often, woiects over rncye than one [inar81 year. over the duratson of a woj8Ct, editU mctres gr Irce. The fvr¥J¥vJ fcy exh propd a Fercentsge agreed wth the donor which contrifxrtes to the charty s fixed overtats inctuthry buihSr%J maintenance. off¢e cc6ts and core stsff salanes which a otheNite frcm unrestr iurnts. Htrhever, wiccwne to cover fixed overheJs Wnts"n to t a chalffjè s& of genertyts supp1 of the Iand9 Govemrnent FUndrj eff¢yts gJch as the Chanty Ball ¢J(rfpborts sa¥ tO3ether wth memtership and Ferouin adcpkn, erAjre£l that esbal CLWS We cover&Y. Tr wc#A like to Itor trarts for . the hard work ofts m?Dent t7, memtws wvters for all the vwcJs fujrasg xty'vitie& Prlncipal tsndlng Sour$ Falklaryls CowrvatK)n has a dNergty of fuTrYir#J ccffitrtjubrm ¥arw frryn year to year bwd upon IrtereS Tr FaigTrJ Gtywrnerl IFIGI kKov#Jes wth annu4 Sub¥?, and Ihis income ttntrbute5 to ow ryganBk)n ccsts in the FaklaTrY WaTrY5 and fo a nurntrm of ongoing proJe¢ts. Sw"Mre8k Ccfi5ervafw. Detroii ZTr)b3uI Swty. Steve Swr9 Roy Sc¢Ety fc trp Pr91ecl of Birds dso provth yèarly ¥4pJt. Hee. we are p3rfrLdarty wèful to al fef th"r cOnl"nd gjpwt Fundralslng We he a swAessful, ptysr Charty Ball •v•rtt in 2021 wh regJW li of £18,192. A numter ol UK wihdlifè pa5 ¢WtinuèJ to dwAay cOlectM t¢)xes for FalklaThs wibthrfè. fTCrn which decwsed durir¥J eovid. however $ed a ynall Incre n 2tr21. lo ow gfft at Jttske Willas in Stanley and outsrC9 wr WC#Yts thrwjh Kxal internatr" retw.kn arJ our websw). Wh)ut tOUri5ts to . Falkl IsLand5, sa85 were (trwn in 221122. FU[ra9 i8 a mapy of ts man•3ement team and ts a cOrtsl New Island Trust had a $Cessful s8ctrd yw d tcorn twatbM IS11. dosprtg thé SVJnfft f*)ar1a1 S)rtraI1 caused ty the absence of cwtse troJrtsm. Ths slKfal was d[ttd by Il secoThJ year of Ihe goverrlnent's substy of local touriw l¢aW ts TRIP fKhemel. Inv•5tment pollcy The ¢harty'$ fwThJation jent sts that the chty has Its Fxywer to"Th•st ¥ry the Cc(npany not immediatdy In arry Thfestmwrt4 urrtS u prr." To Ihat eTrJ, charty has .an investrnent Quiner ChevLI Lld, Vthh manw a pK¥llc4KJ of as$8ts. The clwty is w) close contact wrth
FALKLANDS CONSERVATION Report of Thè Truste8S FINANCIAL REVIEW l¢ontlrndI pollcy In lir wrth Ml thè ch¥ty s, l is ts F<&y (rf" Truslees to maint•n a rewve of unreslricbJ, uThYespJnated funds to cash.lbw rwernts. to safeguard rdentia fluclatiCffi in revenue and to enabb rt to deal wrfh an LWWFrtt8d 0tity. unresufcTe(i geal furts uia.ULAJ. as +r -_ SOTn expeTrJthre of £341,QDJ. therelLYè we have 9.1 mcth of reseryes, a$snIrj tKJ ftcme. It i5 FC policy to hc4d cash or c05h res8$ ts al ftr ¥ mininLm of six moths ol aThJ have reSe against fhJctuatKJns in iorne. At tt yew ernl 2022 ¢h rtS¢N¢S ee Th)teJ as W 9 months of actNty based on the 2022 . expeIre. Rlsk managernwrt The Board reviews nU8 m•n r¢k$ Ihe cw meagjres to miLbJate rk ArnoTrJ Ihe rna rths thntil1 * WEserrt are". 0Vw-'we of irtclnè. Eff¢Jts are co"rAl maje kn th"versrfy 9CeS of income to avoJ the difftLAbe5 mgm artse rf a key 9jnlY withw suFyorL Di8&Ster thrwjh fire OT fkoj at tl main offts in tr FalkLaThJ IslaTrts. Ccmprehengve rsurance are in aprst sjxh an nI. IT syst$ are tk•J the backup c¢¥ies hdd oll yte Fye prÈvenkn tryarwénts ard dtsaster L0¥ IAans e In ke. Injury death of a manir of staff vurrteer wth ts atteTrJant repUtatsrl ¢Jam•Je. A Heatth &, Safety wlicy i5 in F4x vttrLh is Tr at ka8t every 3 yS All memters ol aff arhd vobjntéèrs are regUlty runirvjgj of t to w¢yk safety. parb¢ woffKirg In rernots areos Any safety.rdated wsond inpres are carefulty investigated and 4prcpriate rneasures put in F4ace to Fyevent a rè-CCCLwrerte. COW0 19 Crynwelwwe wwe thvèkptsj to ty to mM)irni%• curreni fU1u IMW on ojr finaw aTrY c8tr Inry or harm to to Isknd aTrJ (kn•J& to thè twikjiffjs and equiF¥n& on the. IaTrI which is tsdat&Y a1 remote. Irar a• in carefty re¥j at rWa. PLANS FOR THE FUTURE W• will contir& ow wfyk try4ard5 our 2r11. str1 wwess awrlst TratNs in rAJr 4 key FaIand$ Con$8fvth as a Forc• lor N•tur• In der to havè an •ff•ctivèc¥rJanoabon we negJ"trJ invest r. systems rfrastructLè that m& up the ¢yganvzation. Ovev rtxi fNe yearsE refresh ts ¢yganEaticwl 5trLLtwe to accornmLyJè nèw rn1ts and will 1{y Lts to gfQW aThY wstsfftk. WIH wtyk Its our finartral stabilty by wort(ir#J wth partws, Ltws. txklirs s&Jnthant Ihat COVID.19 IAS cawy. We wdl CthlbnL to W ¢yJr workwth ts cunmmi at tsart ol our Stratw. Restor• Natw• ehnpth restthn ol j[e as 8 kw way of i¥kSNJ Ihe inw chalkroes that we face. This will b1$ whare Fsth. . Spac• for Nature 11 much io ¢10 to ensiire apwwate c¢ryrvalTrx ol tyjr mnfr aThJ twrvstrI al hW. wil work abn9swJe atr MeMS Df the commuThty lo fDJ p)sthe sljkit Using Natur• Orts offshore have ttE pbal to alef tr natLffal trter ofts forever. We will WOTk alorosth crthÈr memters of cnmU to wKwrage sLtstsina9 9£4uk¥)s io these challry. We Je all part of the atsyhl lubjre ftyFal(lbS$ naturè. arm1 fOard to corthuiro to work tctyr. will conlinu& to reF#Yt on our Achie¥•nwts and Perfornwnce laL*Jvel .
FALKLANOS CONSERVATION Rewt of The Trustees STRUCTURE. GOVERNANCE AND MANAGEMEMT Falklarrfjs Cortstrvon i8 a cOMnY guarantee Icomrony Numter 03e613221. in¢tyF<)rat¢d ¢n 4 N¢vernter 1938. Tr CLNnpawry t¢ ovtr &lwtts"es awts of the Faland FoundatK)n. a charrtablè trLLSt in 1979 ty Sir Peter Scott. Tr CLNmpany was establL5W under Memcwandum & Artic5 of AssctkaiKm. wefè in 2016 ty a g)vernirg dcCuml which Ctymkes wrth nI charvJes in UK law The ditorS of the ccrfnpany We ato charty tn&stees fc¢ ts wrFX)5es of Chty 17w WKI LXKlar 1hg company's. Artth are kro•m as mernters of the Board cl T[teeS The Board ccffigsts of r)t more than 10 electÈd memt¢rs w¢Jent in the FaklaTrJ IskgTrts aTrY rKrt mfft than nire ted mwntrms It re5pknibb fL)r .the strateJic directson of t cw. UThJer wuirements of ts Artths of Asx¢th'on rme thyd of the nL¥nber ol F4&es in exh gro) Tntses rnLSt te at each Annual Ger MeetirrfJ. All ar& 914è Ic¢ rekction. Rcger Spink cont•iwJ as w Chafft• bas1 in .ts FaklaThJ 14wkJ5, Hry rernawd VKe. Chamian bas&J In the UK. Trustees have eeen thwn a var of ski15 in iludIng, for èxamFI•". ironmenta aThJ SCIrf ex[trt.. of FalkbnLI IsknJ& far? wrth a variety of rdevant stakeWe eXEr Al mwnters are lo Cli. The Board of Tre$ me yrterty by k"nk' UK-F11 Islalth. The ChEI ExecutNe Offw. conserv. Man¥r a1 ThrCl AthinistraD"ve off are n attèrbJart• at Board meetws. bul do t vote. All Trustee5 give ts'r bme fre•¥ do not re1ve Y reMLrat. Tntst•è ihduetion and training Al Truslees are well infom)ed of charty s rnisgc, Ct. strtyr prwtP5 arkj ts CLTht nservath)n bvites. An inducbon pack Is wovthj fcrf Tnjstees wh¢h r¢bJYes a rde dr. our Strate9ic priori5. our most fi?ancia stathents aThJ t1th aTrJ w Arti¢ks of InfC¥tIl on u¥)¥ernance the amual wcrfk pkn is thth"tth1 ¢J• to TnAe& Management The key memters of manwent tewn we Chief Executive. Coroervatrthn Managèr and thè TechnrJ AdMLStratiVe Offiw. pay of t key marojvnerrt aTrJ slaff salarp5 arg revpwed and apwov8Y •nually Board as of Ixkjpbrg prcress. Acccwrt is ten of 8 nurnber of f¥tots, includirq saiqry Wels in kxal eCOrnY. ¢haryes io c051 of INiry a1 WJ to re¢nt aThJ rgtsin suit4e wnpknyees Thè member5 of stsff w1 tinj in rKtsts dLYfMJ Ihe year wwe as ftAkJvs". Dr Ether Bertram {Chief Exectaiwe ofrirwl, Or A1reW Stsrw4¢xth lcorwva1K Manè3erj. Or Colw)e Icetacearts Propct OffirI, Parnda Qui1C#J Jetes (Technical A(knin151raiNe OffKerl Emma Harte Cory30 Ollicerl, Grant Munro (Site5 Officer). Jenni Sd (Bugress Lr•3isks off f Nthv 15kTbJl and Dav H99ins IPeaUand 8itsJivèMI Pro Manager). Scfrel Pornpert Rctértson Wmard as Cemmunatmins and Marketing Officer in Septwntrr 2021 wth Mwk takirg over a5 AdMirthe Officw. Sarah Crofts (c$rva0n OffTI stePFd Oy+m Irtm her rolè in JaThJy 2022 .M• Fcrfd ICcnmunty Outrexh Officerl was fepLaced by Gl8nn in Jamw 2022. Ross.Janès a)J Invas&S Managerl joined us in May 2022. Dr Kathèrinè Ross (Habtsts off) steFd ¢Jywn frc4n pxt f¢kning lr matemity leave n Jure 2022. In the UK, 1C3 Boyer conb"nu&Y as the UK AiminithlNe Offw. Hekn very k¥kYty continued to provth voluntary SUFPJt as th• H•baNm cLrt. INlh this gro of FcfA•, tC¥J8ther with ts ass6e of tsdicabj ¥dLmteus xaty aTrJ 0Vws we have h•J a gxcessful year. We thank each aryj evwy of.them. Mèmbers
FALKLANDS CONSERVATION
Report of The Trustees
STRUCTURE. GOVERNANCEANDMANAGEMENT Imnltswjedl
Premlses
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FALKLANDS CONSERVATION Report of Th•Truslees REFERENCE AND ADMINISTIiATIVE DETAILS VICE PRESIDEFITS Sir Davhy AtterOorDugh Julian Fitl Robert Gibbor Carwanl HOn BOARD OF TRitsTEes. Roger SpinklFC Chairrn•) Henry Robin50n(UK C Tim Cr Matthew Basslts (UK Ch¢ - pswnÈd SW2021 J Cl Paul 8rthbln IFI Mce Char) Colin aubbe K•ih Biles IFI Fl)n Treasutw) Wlson Thomas 68 MOr1 Ross Jam45- res6)d COOb2021 ia Gr¥KJw Treww) Phyl Rendel Ehzeth Wforo KEY hlAMAGEMEMT ehlel ExcuO% Te¢hnl¢al Mrninlstrai¥• eonsqNaon Manag•r Oi EslhErBertw Pafflela Je DrATrJrn¥ Slafftwrfh PRINCIPAL ADtIRE$SES United Kirydom.. The GateUSe The Lodge Sandy Bedfordshire SG19 2DL J¥bil Vi•88. 41 Ross PJ. FIW 1ZZ REGISTERED OFFICE 2nd Floor. knJi$ Ftluse 45 Stwl Londoh, EC4R 9AN ulad IUThJdom: 6day5 Bank PIC Kino George Street. Yeo¥l. Sonv5et. BA20 IPX Fa•lar¥J tskn18.' Ross Road. seY Faknl 1ZZ SOUCITORS Unthj Kingdom". Russ4kCooke 2 Putrw Hill Larvjan. SWIS &48 Puwi Masons LLP 56 JDM Stfftt. StardEy INVESTMENT DVISERS Ouiller Che¥iot mIled The Pinnade. 73 Kiw Stre, ?be$leT. M2 4 AUDITOR .AJts Au¢blSeNicts 2nd For. Reg¢5 Trbuse. 45 Kino ¥Allliam SlrE21. Lorart. EC4R 9AN AC¢oUtANTs 81uegrdss AccoA 1 8arack st PO Box 725. St
FALKLANDS CONSERVATION Report of The Trustees Trusteea. re#ponslbll4kg In relalioth to the financial statwmr Thè trustees (who are aLg) 1¢y5 of. FlarwJ5 fcr ts FWP)5es of Iwl are respywbk• for wepariro the Truths, Repyt fwcd statwnerts in accord with aTrJ UIM ngdom Accounb"rKJ StwJartts IUntsJ lfj'Wn Gerwaty A Accounbry Pracfrel. Ctynr•ny Lv reqLMf8S t trudees to &Yepare fin1 statwnerts lry exh financd year.. whh gNo a aTr fair vw cl state of affaws chatstdt ccrnpany aTh1 Incc¥nry resources and arPltTr. or reswrces, incliiding inr.nrne &ryJ eYyJrYJtyry. of Ihe Ctable ccnpa. lor th< year In Threpamg these financjal statements. tru#ees e rLed to.. observe th8 rnÈlh¢Js and in tr Chatss SORP". rnejLNJgernwts aTrY e5ts'mates th 8re reath WLwJttt state whets aF91b UK Acttij siatsS(ts have fc4kh¥oJ, sw to arty maierHI d8partures disclosed and ex[AaW in Ihe fThncia Slatèrnènts." ¢tnts the gtsiro cciwn tésts wless rt ks to preyxne that the charitable wdl conb"nu8 in L¥rakn. ' trtee5 resp)rltIe ke8pir#J athquata. xcountfKJ [¥d$ that diylose witlt Teasonth accuracy al any b'rne thè financ of chanlable ccmpany anLI enat4e trn to ensure that ts financial statements ccThpty vthh th¢ c(parS Ad 2CC6. are res[$1 safe3u¥drg the 8$5ets gf ts ¢harrtab ¢cKnpany and for tir#J reawnabk steps preverNw and detecti of fra and cther Kr89u1ares. In so f¥as th• trust••s a awe." thwe is no aLth infomakn 01whh company's IMe., aThJ the tr have taken 1 stei6 thal ty rAght to have tsken to mak• th8mselves awa of any leNart aud i)foThati)n to that 15 wware ofth Infomikn"cffl. Authtors A resdukn for re-aFwntinent of Azeis AJrt Servtis a8 aJOrS to Ihe charitth cThnparry will te suknnffl•J to ts Annual Gwal This rwt has in o¢etydarte wth Staent of Prttè." 'AeeountiwyJ aTr Reportirg by Charrt*' arbj in 0rd81 wth ts S¢1 F9vI of Port 15 of thè Compariès Act 20C rebb'rg to 5rnalr entstsss. '. Swjwj on behaff ofthe Tt RLYJ8r SFNrth, FC Cham Board ol Tr$
FALKLANDS CONSERVATION Ind•p8nd8nt Auditors. Rep(wt To The Membws ' Oplnlon Iwe auth'tsl fInarNlSl¥neTrts of CtytsavatJn I 'charrtable company'l lor year eTrJed 30 jur 2022 wh¢h cornFe ts Statwnent of kiNrtw the Brv SW Cash Statement and notes to Ihè financ1 5tatÈmèrts. irclLxlir¢J a ymm¥y of sKJnth"cant &counting kxslicÈs. Tre ficlaI rwbrYJ frarnew¢rk th has aFFW n ts"r Wewat1 B ade Law * Unrted Accounts"ro ' Stsrhyards, Firwck31 RewbrvJ StaTrJard 102 'The Financk41 R•pL¥t"wJ Sta) aFWicabl in Ihe UK and Republic of Irdar¥J' IUrMt•d AcceOgJ Antry Practicsl. In (wr OpTh)i. Ihè fin)cial statemènts". gi¥è a and fair vw ol tt si cl charirat conpany s allars as at 30 Jur 2022 aTrJ of ts inccffiiffj resources aNI of r•sourt•4 fortr yearkn yJ&J,. have teen prcwty weped wi CL¥darte wrth UThbJ Kiwkni AcceO&J ACC"rJ Pracbce, and 8$ for opinion We coTrYucted wth Intwnaiwjna StaTrYards AJrg IUKI IISAS IUKII KS wkcJle law. Our respWbA.es Ln1w t are fLts descrb8Y Awlitorfs resp9 for ts audr¢ of ttE financial statwnents of cw reFKrt IAÈ are njVlerrt of charitats4e ccfnpany in accordance wth the ethi¢1 r9]LIrwnts that we rthant to wr alwjrt of ts f¥48ncial 5tatem8rts thtr UK. Inclujw th& FRC'S Ethical Stsn¢Jwd. aNI VR have futfiw ethical reSpb.e5 in cordarte wrth these r4LNremants. thg a1 rtAa"wl Ls gjificient apwcpriate to a ba%"s lor our Condusions r•laling to 90ing eone•m have nom to rwt ih rtsFect of tr f(4knviTrJ maiws to wlich the ISAS (UK) rgwire u5 to rwt to you where. is Th)t arvcyriate," c the trLStees have Th)t in &atern any bknbfed rnaterk4 urcertaintyes that may. cast signrfrant th)Ltt atN)Jt tre chartstde crynpwry's thty to ¢tye to aojcw tre goirg ¢orterp bas of accourtry for a of at kast montrLS Iriyn ts date Wh the athents are authorwl for is3. Oth•r infonnation The trustees are fty tr¢ inforn)). irfomia1 CLYnprtses the informatw)n iled the annual rep)rt, othw than tht. fila1 atemerts our ajA0¢S repjt thereon. Our opinion on the fIla1 statements dces covw crther rfomiation a, exwt to the extent Otherw eXplY stabj in In ¢onne¢b'on wth our of ts fina slalements, our reS[ity i% to real fv otlw inform8tion and. in djing so. consKler Whet the thr information is Itent wth th& finanual statements or o krledge 1th.j in audit ry ottlSe wars lo te" rnaterdty mtsstatgj. If we Éentfy wjch material ¢OnsstenC or warent material Mtnents we are rIred to detwmvp wlther there 1$ a material misstatement in finarKKal slatemgnts or a matwwl rnisstaternent ol infowrnats)n. 11, based on the work we have rtaj. we ccrtlude that there s a maknBI m4r[ 01 th15 0llr mfcAmknn, w8 are r•quir8J to repyt that lact rv)thiNJ to réwi in Il¥¥ rt1{1. . In ow cpinN)n, baJ cffj wc¥k unden2ken in ts cOue of a the inf¢xmats"on gw) in Ihè reKtsl. whh IJe$ the'threclws rekmyt FepareJ lor purFoses ol comrdry Lw, finanoa ye¥ fLY the fmncAI s&iternents we Frywed is congstent wth the finartk4 StatenIS., the directors, rep)rt 1j?j withn ts trustees. haveJhas teen pTy&J in accrdare with *9al
FALKLANDS CONseRVATION Indepwmknt Audlt¢xs' Report To The Plembers Mattors on whith w¢ ar¢ requlred to report by exceplion In the of the knOe a1 W$ta'r9 of ttE charitth ¢PaIry arKJ its NIronMent c&tsin&J in tlp. course of maiwl mi55talwnents wi the drectrys, reF#Jt I11J witlin tl . trustees, report. have Tr)thiThJ tt) r•wt in rwct cl ts ffknry rnatters in r8lats tr> wlKh Ccfflpan Act wuir8S LLS to repx)rt to you rf, in cir cy)ti)." ,,.• hwn k•p. ry rn.¢ for OJI r aLth. have no.1 teen r&eN•J from branc1 rpx vrttd iry us", LY the financid statts e reernt wth ts acclJ"r¥j reccrfds and rebJffs,' crf . . certain th"xloswes of trustees. SFecrfeY by l¥ are ncrt m.. we have rb)t recvl al Ihè infC¥Mat eXF4anab.ts rlre tyJr atht." or the trustees were rwt to fIn¢raI SlaentS n accordance with ts %nall . comparries regimè aThl lake thaniaJe of all ¢(rfnpan. exwnpi1 in kwriro Ihe tnK5tees' report aThJ Ircth the requwement tc+ wewe a strateg¢ re R•spon$ibiliti05 of trust••s As explain more lulty in the trtee5, re¥rfThkn"ltss stathrt ts trustees (who we akn ts directors of . Charitab cThnpany Ic¥ the WreS of I) we rewigb preparaticfi of financial ststements aThJ lor b&ng satisfed tNgt gNe a aTrJ far VE44. aTrY such ternal control a5 the trustees whether to fraj or efrcrf. to Contin as a gory coxem, as aFfAK74e. maiiws relaw t9 9rmJ ¢on¢em ard u%ng the gurg concern basts of &c¢xmt•vJ trustees ets InteTrJ to bquKJe Ihe Chartsb ciMnFony. or to ceay¢ operal)ns, or have Tr) redst¢ mthe bLrt tgdo 50. Audftor's responsibilities for a111 of the financial sLitements Our ct4'ethe5 are to rèascffj4e asgjwce wwhw ts fi¢ stalements as a whcle are free Irom rnaterial rnisstmen( whetrr to fra •rw, ar#J to issue an a1105 retth thal includes our On)N. Reasonablè assJrarte ks a fv3h of as9Jrwte. txrt is a gjarantee that an audit COn¢ted in a¢cordan¢è wrth ISAS IUKI %ill awls a mthal M8tnl it exBLg Mvsstatements can w15e from tra or errer aTrJ we CL84rj mriJ rf. irkYNkYuJty CY In trE wre9ale. tw cwkj rea4Y t¢ expectsd to inllLnce the OnC (csior6 of tsken basB ol slatemen A lurther de5cry)1 re5kwg1ikbes f(Y of th8 4atemerts 15 bxthl on thè Finala1 Repcwb'ry Council's web #t TIMS dtr£ripb fomis part ol our atorS repjrt Us ol our report Th rwrt is majè sdety to tr¢ chartst4e ccrfnparry's as a tK•ty. in acc¢xdarrR wilh Chaptw 3 of Part 16 ol Ihe G)mpanw Act 2. Ow awjrt work has twn uTrJertaken so tsl we mVJht slate to the charrtab ¢Thnparny's memts trThe matters we rgwir&J to state lo In an art0$ r¥x)rt and for rA) otr purposè. To th& lulw xt*)t Femrtbj ty L•¥, we ¢Jo t accept lx assume resFxYfytylity to anyone ottr than thè charttab eornpary aThJ the charrtat4e compwy's mwntW5 as a trA>Jy. fcy ¢xJr axjrt w¢yk, for this reFth. or f have fc¥m&l. John H¢)ward Isenicrf Ststim AIrt> For and C tehaff ofAzets Aujit Ser¥Kes Stsbjtory AjrtOf FlcK)r, Regis Hse 4S lQ'ng Wlliam Street Lon(1. EC4R 9AN
FALKLANDS CONSERVATION Statement of Financlal Activltles For The Year Ended 30 June 2022 Total 2021 Funds Funds" INCOME AND ENDOWMENTS FROM Dwab'(m5 and kgacies Olher tr•J'r#J aGb'vths Investrnents Ollw ¥Kryne 1.ce4 54.087 995.649 62,953 ' 1.015 94965 711..674 6.294 12,817 17,7 1.015 43.155 . Tolal Inrne Is7.1 .C¢J1 1,151602 748,541 EXPENDITUREON RaisAng funds ' Charitabl• actl¥ltlqs: COnseNth. aTrJ reswch E¢Aration commu 25298 24,593 143,459 175.338 11.2Ck8 .144 388.816 318,124 SI612 . Total expendltu 341.032 . 672.415 1.019.502 731,539 NET {EXPEOITURE)IINCOIAE BEFORE NET GAINS 1&569 1fj.055) 123. 13411 17.c2 NET ILOSSESVGAINS ON INVESTMENTS 16.8081 NET IEXPENDITURE)nNCOME 17.002 Translers betsn fuTrts 12 18,843) 103.C(Q 194.157) NET MOVEMENT OF FLINDS 96.94S 127.292 17.IJ02 Total fmtss at 1 Juty 221 291.322 325.179 1.102.273 1.718.774 1,443.261 1.238,830 {980.3191 Impalml on a¢qusthn Totsl at 30 June 2022 ' 13 422.124 1.131.702 1,841066 . 1,718.774 . CONTINUING OPERATIONS All and exFenditure has ariw frcffl The Th)tes on p&Jes 13 to 25 lom part of t1$• rmala1 #atemerts. 10
FALKLANDS CONSERVATION Balance Sho•t As at30 Jun• 2022 2021 FIXED ASSETS TarpJt)b assats Invesbnents 275.789 289,558 229,251 518,809 CURRENT ASSETS Stock Debtors Cash wN48nts 19862 10.095 1h12.013 io 1,232,39J 1A41.570 1.275.787 CREDITORS Amounts fallry. withn y•ar 11 194.750) 175,8221 NET CURRENT ASSETS 1.346020 ' 1,199, NET ASSETS 1.846.086 1.71(774 FUNDS Endmnent Restncted 114 113 32A18 1.131.702 1.102,273 UnTethled fuThJ& Desunat8d Ger 122 111 421124 259.832 325,179 258,914 1.116.066 1.718.774 TOTALFUNDS These financial statements have prar& in &¢C*dae with the Slat provision5 of Part 15 of the Companies A£1 20C6 rdatir¥J to small charite ccmpanies. Thefina ial latentS were approved by the Board of Tntstee5 a1 Dir&tors ofthe Association on .. were signèl its tehaf by.. Rcgw Spink Bowd of Tru$t&s ' The lte$ pèaes 13 to 25 fomi rArt of tIEse .'
FALKLANDS CONSERVATION Cash Flow Statement As at 30 June 2022 21121 Cash.ggn8raI frun OFerat#xts 16 Cash Iltys in¥¢stin9 Xti¥il•s'. Payments to acwire targi frAed asseis DhvkYeTrYs aThY rterest fr Inveslrnts Cash acquir&J C wuBitK)n {l.(xX)I 1.015 11.7761 12.817 211.025 Net ¢ash proylded by In¥esllng {148,9851 Chan9e In ¢ash and ¢ash equfvaleS In the reportMI9 period 179,623 2&8,116 Cash and cash equlvalents at the b8glnnlng of the reporurvj perkMI I232.1 944,274 Cash and"ca5h equivalents at the end of r•pwting period 1.411013 1,232,390 The Th)tss M FoJg$ 13 to 25 ftym F4rt of Iw fir*roal 12.
FALIQANDS CONSERVATION. Note$ To The Flnancial Ststements For Ihe Year Ermlgd 30 June 2022 ACCOUNTING POLICIES Basls of pr•watlon These financial statements have tÈn pryul Tr cOrda wrth FnancAI RepthYJ Stsndard 102 'The Fina¥ Ret¢rfbTrJ SiaThrd 4¥At&)è UK aThJ ReFth1 ol IrelaThl" and Cc¥npanps Act tr4t rwJuliil)erits of Si0-_ charit leffectNe 1 Jan(w 20151. The finanual staiwnents teen wepar&J ¢ost ¢onvwkn"M & mcq111J by ihe rev4u"on ofcwfan assats ¥K1 tr recWKJ) ofcertali a1 laixth5 at fair vJue. ae w8s•J {£) wlxh 15 49) cww¢yforthe charty. Oolng.concern Aftèr re¥INj ts eharty's lOaSts aThY try rrto cldI.¢I¥ IgNen in1Latm eLs) and p0s9tAe charges in tradrvj wforrnance, Tru5tee5 have a rea50n8bl• exFrttab"LW) that the CW has aygwate resou to conb"FK in OFeralml exisknce for t foreséeab fulL¥8. The ctrwity trefe to pt the concem basts in prep3mg its fi)ancl statements. Judgemenls and key sources ol estwnation uncertainty AcccyJnts"ng esiimales * jud coitnually evahjal avj are based on histcal •XFWW circurnar¢e5. The" jLklg&)ierts lawt frcm I)se estrfnsl have of apYIng fv abcNe acctyjntsw Fdrcs that have the most efft on arnOL r03e in the finartial statemerrts.. The annual depreciatm charge for tarwe ass 15 Wstyve to Char in thtr •slmat•J us•ful e¢¢nOrn lives and re&Yual values of tr assds (%niG.11VeS residLAI values are r ' a556ssed annually. Try a eIe<l kn necessary to ref¢t curwnt estimatss, based on tecMc4o3ical a0mt. fubjre nveslrnwts. e¢{¢¥ aThl phys1 cOThJ.0n of the assets. See ncle 7 caffjiir#J amount of ttp L3nd and txM"bthNJ$ plant aThJ and motor vehth, 1.10 for eful ecorwir Iv¢s foreaeh class ol assds. There a no key aSSLvnpkns corumiNJ ftsbJ cthf key scKJrces of eslwnatJn uncertainty ai the rekk)thg date Ih8t hav¢ a s¥Jrknnt mk d calsirg a rnatwwl Justrent tg the carrying amwnt cl 0S99ts * thr0e$ wrtrN"n y. Legd status Thè chanty L£ a ccfflparty limiby ty WKI caF4al. Thè of exh mwntfjr li the event of wThJiry L4) is lirnrt to £1. The charrtth meets the IlefinhlbJi ol a trt enbty FRS 101 Fld aeeou•rtSng . UNestrted fund5 be in charlale ctythes at ts disCrth ol the DewJnat&J fmJ5 are fuTrJs of thaity whch thè Iruste8s have dec03, at the scretK)n. to *t aSKle Io use fry a 5Fttrfrc •xplarolw)n of the nature wd of ' each fuThJ k8 i11 in ts Tr)t85 lo RestrthJ fmjs te wj fcK re5trKbJ wrp)ses wrthin Ihe cojects of chanty. 13
FALKLANDS CONSERVATION Notes To Th• Fin¢141 St8ments For the Year En<led 30 Juno 2022 IncoTh r¢cognltlon Al inccffiro reswrces we Incbth in ts Statem•1 of Fironcia ActNrts ISOFAI cN¥rty galty enttkd to the irorne aft8r any Ffcmant• cOndrt9 havè been met. lh8 arnnI te mèasw•J r1# %1 it LS that inet¥n• te receNaJ. lrtome frcm ¢S)rikn ms, aThJ grfts 15 In f1 in Statent of Finartial ActivrtÈs receivabk. Grartt Wre enthmeni 6 n(rt CO.0Thal on Ihe delivery of wfomance by tr chanty, ¢CO3$&Y when the charty teccnes entstw to Ihe grarn. Grants arnnts l¥j Irc¥n Fk1aj Government for ccxe funding and r propcts, toJthr wrth grants Ircth cther tyYes n re5FK)roe to apFea F(w Iw wrtitknnent • of ts charty rKlifvJ rA an inFerKlir9 trtr)n or y tew rec. At thi% [¢ i(ne i% reccgnis&Y. On Occas l¥cEs wil * notrfied to tk chanty in rircwnsts rt is kX)SSt4e to mea9xe ts arnount eXte# to th'slritrxtsj. On these wKa5K)r& ts tycy 15 Ired a5 a c(xtynt asset aTrJ dilt6&J. lrtome frcm. tr•JrKJ li[$ •ameA frtffi fundratsThJ events trajing to fL¥ the ¢thrty. 1Ce is r8ceivgJ in excharwJe fDf gxxjjs aTrJ s0$ li cwder to ratse funts r¢c¢gnised wtn entllemeni has cttyJrrÈd. Expenditure recognition All exreThJitur8 ts xcnJ bas6 has tew cglJ urthr that gre9ate all cc6ts rdabj to ts cat&J. EXrendrtU is cJn$ where re B 8 le9al or conslructive to make payrnts to ihwd partss, rt ts wcèle that the settnent wil te uir8J aTrJ the ( the can te meaj rdiaw. It is catfrwred folk)wire Iwdirfjs.. Costs of raigr8 fwys irKkJe ttsxe cc¢ts volwtary income. ExFeTh8rture charrte ccffjts IrUrred chty n the d•fvwy of rts 1rrecclrtrab VAT is as an exFeTrlrture aro Allocation of support and 9J¥ernance costs" . Supwrt costs a that assist wck cl ts chwity do rTrJt dir• rekYe5errt ¢haritable acty'vtses and I1the offKe cc6ts.' governar cc6ts aTrJ thinBtratNe c05ts They are Iurr& dItty cexperYiture rtixts cl ts ch pÈrcent2gè athabor 1.10 Fixed a58ets . TaiwJt4e fix assets are stated at C05t d2precHlbJn. CLKI irtlLths costs recty . ' eslmattsl value, of ast a sy#erntt ovw ts expecled LtsefLrf lthe as Icdlows.. Plant afyj Equpn¢nt Mokn V•ht - 25% Stra¥it - 25% Stra1 liri? It is Ihe trusie8S to maintsin fredK4d FX(Prty, whh is hehj fcf charrtatle use, in such cC¥TraOn ttt Usel e¢orK)m lrfe i% Cons¥ to"t excèss of lrfty yews frcm the balance sheet date. In of trLtsteeg ths fegJts in ts eth"maled of the propety t4irKJ wt $S tw rts carrywYJ ¥i th8 account& C(¥WL• ary dyiakn chwged C the. Idings elemerrt c4 the prrtY 6 to te hYsm*ial aTrJ Th) i5 charged cn Ihe prOrtY. Thè is in th8 ¢(%)ts at or911 cosi to the chanty. 14
FALKLANDS CONSERVATION Notes To The Financial Ststements For Yw Ended 30 June 2022 1.10 Flxed assets (cont1nd) EquiFrnent purchased as part of re5trrbJ f5 15 to be eXF¢r to #E'project unb'l tIE ccmpkty.on of ts yopcL CCThFAebon of the txopcc a ¢Jecwn is to tr tsken as to whether the &]wment shj te returmj to the stryJ lor L3ter scJ 1SspcfjoJ of. of£1. 1.11- Inveslrnents are rC¥J¢&I inthJty at lir value whh the trar6acts price excltyyirg trarsactw ccsts. Subseqiffj, ihey are mewrgj * far wrth rnoVents [nis93 in 'net gainwllctssesl on investrnwts. li ts SOFA. rf Ihe sharts è w1C trd lx lhr value can othtrwtse be rneasuray relpbty. Invesknents wuty tstrurnents wh05e f•1 U$$ e#nn¢t be measwgJ relti are rnea5ureLI at co kss Imwmi 1.12 Stocks Stocks 8re stated a tr lo•Rr cl c(tst •xl rtt re&Sab vJe, aftsr mirp 8lkywance for otset& and mowng items. 1.13 .Trada and 01 debtcKs arè recogThd at ts Sett1 OUnt d Prepayments valued al tr amwnt wepad. AccrIj Irttsrè is at arnount to te recavgj. 1.14 Cash eash egul¥alent• Cash at.b• aThY Ca in haThJ lickths cash and tenn hWy I#JuKI nvestrThents wth a short Marity of three or Èss IrryD ts de LY ol the (6it or smilar court 1.JS Credttovs Cr&litors are re¢Cgrri Ilvtr 1$ a resulti¥J fr¢Jn a everrt that wiw probatfy FJJ1t In thè transfer of funds kn a thwd party arnj the to sethe the ot4'9atyon can be 'Otsr cr&Jrtor5 ac¢waL% we [we¢j * tsr sellm&)t anowrt 1.16 Employee bengfits ernOyeeS have ser¥re to th8 charity. gh)rt.tem) npby8e betfrt to whh ts. emOoyees are entstbj are reoJnts&J at Ihe nt extect&J.to be p3KI in exchangp for 1.17 Flnandal Snstruments Th8 chanty onty has assets 01 a khj that •$ bx finartkql irtstruments. Bagc fin41 1nStrwn are iTrt4ty at Val * subsequenyy measured ai "r setdemenl With ts Cepn of bar vthth are SIt¢4nty mea9J at amutised cost usry the effective wrtest mettv Forelgn ¢urrency Assets w¢J liabilths in f£rfob3n currartBs are trans into ster&ro"at the rates ol exchange rulro at the baknce sh date. Trawt In fregn currerts we trartsLatl into sterfirvJ at ts rate niling on the ¢Jate ol All exthrty ¥è le1j in tha StsIent ol Fla1 ActivitP5. 1.19 Taxatlon 2010 thw¢fore it meet5 thè deimrtw)n of a charrtth ccThparty UK tsx pUrPc. dinJty, the charty is KKthIl• frim tsx81 re5Fect cl c¥la gains r8cv&J With c8tegors cover&J ty Chaptw 3 Part 11 Tax Act 2010 rx S8¢b 256 of the Taxat¥ of Char9eatda Gaffts Act 1931 to ts extrt th gJch IrK(The or are exCluvEty to 15
FALKLANDS CONSERVATION Notes To Flnandal Ststwnerts For the Year Ended 30 Jung 2022 DONATIONSAND LEGACIES 21122 2021 Grants. (h)natsms arbj grfts.INxo 2.11 973.060 1,1100 21.589 20.973 616 16,144 1.084 995.649 711.674 In 221, £424,W of the itl) re¢j frtsn gra, th)"natKffi4 Wes subscrpkn was altrbUtsb to the restncted fuThJ,' and tr r•naniro £287,59) was attrbJt to tr unresittsj fuThJ. REsTRTED GRANTS, DONATKINS AND GFTS lol(hing grrt t1onath gfts excess £5,0 have the yr 12.31.. Dan¥ln Satelllle Tr•clng . 162.731 b) Land awul$ltlon 19J,C#JO 102,531 61,ClJ8 el Grant Annual Support 52,S)O 40,$86 Annual Sea Blrd MonitorlrvJ 39,230 h) BEST Motsy R•storatiori 27,01? N•w Island R9olIn . 26,722 RSPB Polky Cap. Equlpint 9,X13 5,133 Olher less than £S.1)O 14,253 11,084 Tr 'Nw lslaThJ I1•, is frtyn lslar)I INCOME FROM OTHER TRADINGACTIvlEs 2021 Salè of gcds Acc¢mmc#Jab¢M incryne 15.558 47,395 47.395 54.087 62,953 16
FALKLAPKJS CONSERVATION Not•s To The Financial Statements For the Year Ended 30 June 2022 ANALYSIS OF RESOURCES EXPENDED Ttstal 2021 6) {rth 4.11 ' C05t of 98neratlng fvnd5'. Cc6ts oflwabrg yuntsry income Cc6t of fjraThj tra1ThJ 22,IM9 22,fM9 7.055 3,249 17.544 Charitabh xtivttip5: Conservab'lyt and research Educatw)n cnMunfy . 184. 225.993 17.208 21.032 245,2 299.787 447.392 546.812 388.816 318.124 Total regr¢e¥ 410.897 544253 1.019.502 731,539 of r•soJrce. Cc6ts rdab.ng to a partulaT a a&xabJ dY•. fftrs are aFyort1o on an appropn , for exwnpk, "me sF•)t. Fer c•ts a. Tr meth)Y of ortJ"0nmeTrft has changed In 2021,. £411,628 of rerCeS exFvthJ was to #aff costs, £28.381 to dirert W5ts and th8 ran1r8 £291.5X) was attr1th to SLWJt costs. Of totsi £733,539", £360.146 was attn"te to Ihe restrthy furbj aTrl the rernrg £371.393 was attrbLrt to unrestncted fuTha. SUPPORT cosrs . Unr•Jtrl¢ed Rgstrithd Do51gnat•d TOTAL TOTAL Subscriptions Prorty & Ma•enrt• Gantsral Recrurtment Trainir#J ProfessK)nal fees . TephOrE Postsge & offKecwrn&s CcThputer. w*t6ts & harth¥arè Equipment & Fumthre IreJJr8nee Travd CL%ts Motor veh costs Depreciabon •KI inpainnenl GO¥•man costs: . Audrt & A¢cwntsncy cosls Bank ¢harge5 2.316 12.475 1316 31.S49 13.400 1.603 2,675 46,TT4 11.427 . 10.3th) 12.263 127.126 14660 n.313 19,254 163,769 19.074 12.768 30.715 4118 1.155 2.675 1.414 109,480 10.454 8.749 14.328 27,237 5T1 32,767 9.573 12,263 337 11.398 11.547 . 10.L 4,7[ .727 126.789 .7e6 9.191 159. 14,861 12,394 14.063 1.761 12.652 1.721 113 104.LVJ5 441,1&8 545253 291.530 17
FALKLANDS CONSERVATION Not•s To The Fin•la1 Staemonls For tho Ygar End8d 30 Junfj 2022 NET INCOMEIIEXPENDITUREI FOR THE YEAR 2022 AUrt0, rurat.. - for - for other serv Depyeciation Impaiment 13,770 149.939 14,861 ANALYSIS OF STAFFCOSTS. TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL 2022 Wages aThl sa¥ias Sctial s•curty ctsts Pengon costs 388,720 13,507 9.401 8.C65 . 410.897 411.628 aver•3e numter of pIlee$ (knr9 ts yearwas as Ic4b&' 2022 2021 No. Avèragg nLmber 15 1S Empkny8• tm• b) alkxd to tr ctorrt &ts¥ty based on a Fercen tty4er dl Ihe costs. No wnptys receive emt)yee lexcknSTrJ emFw C(Etsl rA more th'r0.0)0 in ether cunEnt prix year. TIE k.ey rnanageOt OF ch• CW EXthe. ThThc Adminthtive officer and ConserVth Manager. .total 40Yee temfts of ts key rnwent for ts year were £113.214 12021.. £108.0441. rhJriNJ 2Q2, rthè olthè trusi#ts w¥ ft¥lwd Clts(2021." 1 tru•, £571. TANGIBLE FIXED ASSET$ Ld aT Bulldin95 Pknt and Equiwnent Motor V•hides COST At 1 Juty 2021 A&JrS 1,218,e87 1YJ,(D) 1S5, .924 1..401.574 150.C 155. ,924 . 1,551,574 "DEPRECIATION At? JLty2021 Chargg for ts ytrar Ilets acqimytw rnnt ElImW on I*5 .319 1(%.512 J3.770 25.165 1.112,016 13,770 149.999 149. 1.1XJ.318 120.282 25.185 1.275.785 NET BOOKVALUE At 30 June 2022 3&681 1,739 275.789 Atx) 2021 238.368 49,451 1.739 ' 289.558 18
FALKLANDS CONSERVATION Noles To The FinwKial StstementS For the Year Endgd 30 Jung 2ty22 TANGIBLE FIXED ASSETS.¢ontlnued Land atNJ bJ"bth"rKJs inChleS. at a cc6t of£1LXI.¢XQ. Land arnj twikjiry widLK18 L¥•J aThJ bJJry5 cm New l¥and. T were Val * £1 85 the intenfjon or the CharNabvè iornpary preSee irw igarv) )l itk 5e-M on. VLxirKJ tre year. and .Gov8mment IS w8rè wrchasèd ar¥J was abo valLBY at £1 as ts intenkn Chartstrjtr ' Comk>any ¢ to preseNe tslar¢l awj mt to SÈI on. Add¢¥1&, kqTrJ aTrJ irtkx1es £32,4ts9 the 1sts hjdrys.. Cal.Isiqnd Roc4(ery Ship Beef Coff N¢yth S&J CIrfF Kn¢> Lth5ern1 Blull ' The Twns INL¥th arnj Scojth) M¢kn 151wk The Mc4 Hths N&st Pj Pyrarnml lslarbj Cwtre Isl 0r Isb D¢Jle IgaThl lslaThJ charity of laThl to the w of 44 V4a¥w Roxl. Readiry 85 ts sUV£ of a WLSt f(om. Mr5 Joan Ann Kenty l¢knas•Jl. It rs by .LarJ Reglsty uTrJ2r numbtr BK130021 in 2011 was v8lu•l at £40>£5CD. Hcvwever. l.cc6ts of dl are lety to exceed ¥ae of Ihe land rtsdf $0 it is Mted in these accounts as of rA) value. (Nrte." L8nd was fom•dy h8kJ jointty together wrth the Na(1 Birds of Prey Tr Hoever. durry 2016 Natv)nal Birds of Prey Trust was wound up and the Fdnd ce mto exclwe of C¢)rts•rvatth, this chwje teirg effective from 17 ALbJLASt 2016.1 INVESTMENTS 2021 At maet vai'. Balance at 1 Juty Add DisFx)s Revajat'on Cash k1 in instynwii 229,2XS 220.533 13,3841 16.8081 13151 12,082 value at 30 Jun• 222 223.45T 229251 Ccst * June 2022 164,675 163,345 Thè Cha'nty's f(fyirwJ ML¥91 5% of total nveyment k>>trol as at 30 JU 2022." M&GCwale I I{1[1) Fil Inv Svcs UK FWJ Mb ITrne Ne Y Sett 151rw12 M&G Investmert Man GkJal DNt4knJ I Sett 02112113 Vta5 Global Ewty I {ltI Sett OY12113 Artemis Fd Mrw Inccme I Ir Artemis Fund Manw Gttol Iru¥ne Uits In In¢ COIF £13. £14.930 £15.972 £12,963 £11,294 £12.119 £121.549 STOCKS 2022 2021 . G(K#Js fcf res . 19.4fj2 33,502 19
FALKLANDS CONSERVATION Notes To The Flnanclal Slatem•nls For the Year Ended 30 June 1022 DEBTORS 2021 Tre deLrtc Other debtcrts 5,574 610 .3,911 5,291 610 10,095 11. . CREDITORS: AMnts lalllrJ du• wlttrln on• 2021 Trade Cr&JC$ Ots cr8Yitors Accruas defrj 19.631 27.29) 45.021 M750 ' 75.822 11 STATEMENT OF FUNOS In¢•mlng . Resource8 June R•sourrns Expended. 2021 Gains &111>5sesl Transfers Balance at 30 June 2022 Unrostrfthd Funds 111 Gen8r81 Fund Gèn8ral Accnt NabJrÈ Reserve5(TrJte 12.41 258.914 357.FJ)1 {341.032) 115.6511 259,832 291.322 357,601 1341.0521 115.6511 292,240 122 Deslgnated F)d9 Fixay Asset rve New 8uildin9 fu1 Remote wcrtrg Small grants. Vehicb rrfjiwent fuThJ Ihhale Prcpct Peadandlcathn CapacQi FMJ 218,825 70.IXiI 7,743 {4,7th11 .214.125 125.OC#) 7.743 12.OCQI 20.000 40.OtKJ 5,2 {I,S551 ln 16.0 103.000 422,124. 616.$01 357.601 1347.087) 87.349 714,364 ' The FrAgS Asset Reserve is to" vafv of ts dritate crynpprfs assets li.¢. tre net vue of £284.W kss woth £32.408. *ss reStrIrt New I•d awts wath £38.32S. Set Ncts 71. 20
FALKLANDS CONSERVATION Notes To Th• Financial Stalements" For Ihe Year Ended 30 Jung 2022 12.3 In¢X• 111 210 ES8 FISMP 18.205 .113.279) 44.1 212 An Irwertory of WwKI$ Bryophyle8 and Lrhw5 217 RSPB tyd>¢•b0n5 Po 1.433 222 RSPB Sile Manayern•rrt 228 Pffj 12.XTr3 193 R9.53n 116.8351 3,4B7 . 234 Raptor RSPB C4Jrrtwon Olfw . 3.487 287 48.385 290 FIWrfJs P4bonwl 198 FC Rp5¢Nt ml¥J[ 303 61.098 111.567 2.7 18.8511 16.4271 125.8191 2,750 26.736 Spiwwcree Habitats BEST 2.0 Mofv Restoration 40.650 (28.7041 325 27.017 5,31 355 115.9731 162.731 1179.972) 17.5Tr)1 159.0331 62,330 362 HB An Conseryon Flj 370 Per#jn Rehab C8r4re 372 FCO Coms FLThliro 373 T Ship Lswnd RestornoN 374 ESB Se&y crt Sts 375 . FCO SmDn F19 Eqpffienl RSPB SF G0vemte report Site man•jeml Support &leis acqulsftion RSP8 Annual support Oarin S8abirfs KÈAS 4.246 {1T41 221 (3.OL4)1 112.9911 1149.9991 152.5001 B.991 401 150.¢)JD 414 ,5051 . 423 BELS rte GBSS 85$ 2.HO 435 PrDleGI & Re510 102.531 176.0321 15.0821 11.3441 125.0781 10.059 447 ES6 ceIxea Redlisi 453 RSPB support RSP8 PolKy Cap. Equ4im• Nl Roslor)n 9.$03 ' 18.1591 IT.4151 (6.6531 (3651 114,7951. .8311 5.274 701 185.013 109.468 224.650 451.•06 ¢W.3761 194,1Sn WATCH Gffj fortre App¢•l N8w L5ThJ LaTrJ and ByikJiw$ (2,WJl 7.258 8C6.2n 29,255 381 702 PA6.273 (9,0701 1II0391 1.1012n 10T2.41 .19(ISTI 1.131,702 21
FALKLANDS CONSERVATION Notes To The Flnandal Ststernerts For the Year Ended 30 June 2022 12. .STATEMENT OF.FUNDS{contxiuod) Thè fdkjwing raslrthj fLxJs w•r• h8lJ at >) Jure 21rtt. 210 ESB FISMP FuTrded by FIG'S Envircm&)tal Sturfes Biity for tKthwsty mMrtorry, kn"s w.temi project annualty mcthors thè survNal rates of 5(xrt1n rLtkhcyw. gentw a)J kry FqxAabots, tcoettsr wrth bLack. 212 An Inventory of Falkland I$1•3 Brywhytes •xl Lkhens FuTrSs remairiTrJ frcm ts Darwn Pts prow to $LWl Wy dwnerts to aY¢8ss crit4 knNkndg8 gaps of J¢wRf planb dvwsty in the FLaThJ lsl•Thts, aTrJ to locls l¢xal decsion rnaking. 217 RSPB Hydro¢arbon$.Poli¢y Fr•)xwt)rks FuThts from ts RSPB to provKJe a$j.0n4 rIrCeS lo wc¢e5W to SLwn4&, wgtivg hy(trwArbon devdcwent in Fakknj 1slaThts. 2T2 RSPB Slte Manag8n FuTrJs from the RSPB to adva1 twrestrial sre FalkLgr¥J Islands, by Increa&r wc(k on FYcJucing and mawent fLY Nare ReseThes, athJ"0na1 deswJnab)rts ofst8s arrI thè lsll 228 Darwin Vlhal• Project Funded ty Da1n Pl. this ains io thance of sei whs aTrJ'ots baen specps in cathIe Key BI(Nerty A$, by xpaliNj krKwlethJe el gte use, to explo loThJ-temi monitoring apwoaches and exp1 ht irto thaVr, al to lewj 10 1cMa"cfft mats to deciso rnakersand seIkr$ tegardry Co3t>) aThJ mawert ¢$¥j81$. 229 FCO Enablin9 Fund Funded FCO to gain a luller UTh1wsta of of salmon f8rmir#J. eT tts devefcp an FC rri'on thise MLAS 234 Wor Proh Fu$ r&naiThThJ from tl Oarwn Inrtkqlwe Io YJFWt Wy elemtnts to rtthv scnirfic mfemiats.on that feeds into a basts government rowdiThJ ts rnan4ement of ¢onfltts thveen rap and rural live1$ li FakL4ThY Isknjs. 287 RSPB Marin• Cons•r¥ation oifK•r by ts RSPB to wxyt FC in marKE Klaj This indth a Mariro Officer FC. technical corwttarry costs to dra•4 C lffjal rA fthn.es ¢(SUman, aTrJ ivne TTc¥n FC s Cc¥nmunicats$ Officer 290 Falklands Natlonal Herbarlum Funds lo te wr rew offrE k11[V4. whh CLvrenYy hèhJ in 40 Jutdee Vilas 298 FC ManagnI A fund to be f¢y ts rnarowent of re5wve5 futtye reswve wrchas8$. 302 FIDC S•a Litin 151wKI Furthd by Falki8nd lsknts t)eveiynwrt Ctypyyi. to marjaent of Sea L)n Nature Re$ve. 303 Propagation Booklet Furts to creat• a prcpagth Brtht to érw commw rnemter3 to have a go at 7r& nabv• pNts fty ' recreatLfi 2rKI et0b3al restyakn. 308 Springcreek Habitats Funded by Spnnr8ek cLSelV3 to uThlértakè munrn1a of @antiNJ eflc¥ts as wel as sxovDJ opwrtthty for Watch GrP to get a 9reater urthrrdrs ofh&t restorakn thrw trps. 22
FALKIANDS CONSERVATION Notes To The Flnanclal Ststements . For the Year Endèd 30 June 2022 11 STATEMENTOF FUNDS l¢ontknued). 325 BEST 2.0 Motky R•storntion FurKts received fr¢Jn BEST 2.0 to urJerte Wtat restoratim lo sityi) eTCffj#. on Motsy IslaThJ, wth the h ofccAnmLmty VnteerS 340 WATCH Group s1ported by stathtsrd Chartered Bank. this envronmerrtal yThJ IsIS alcws them to exFefi8rt0 aThJ kam valL4>f.thth"r nattjral surrJg5. 355 Ad¥an¢ing Falklands and rtgion4cal• InanagThrt ol globalFy knportant whab popula¢lon$ RecoveriThJ kY)pulats"ons of SCHJtt rwJM whas W9$ ctcur arcuThJ the FalklaThts. Infomied marwerrt declOn5 k of kw•teOie of tsr ILXJ arJ regk)nTrwhJe occurrewe. TNS FWI uses teety. to track I1 whs. aTrJ t11 swveys to ad(kess data 9aps on 0stribub., aburK1ct 0ky. Mawent Ile a draft SFecw Action Plan. Key 8icMJNersty Area assesynent and C"on of FthlaTrYs' whale [opulatiO ty resi wators. Cornrnur and st2keholdei erVJwJnet will of managwjent re¢rynmdatiS. Da1n wha T&>JiThJ ye¥ in defKC due to tvniTrJ of fLnds teir#J receNgJ a experK1rtur• eommèncwo. It is confiniedthat incrfftewas recw&J att start olthe rwt financial year. 361 Building forthè Futurt Appeal The charty has an asprabcfi to tsJihJ a rw. frt.for•MF¢)5e Offi bLMkliTrJ in S. Furntraisirvj has t48n going on for several years and Fen¢)J tth was a tremeTryo% trKA)5t wth a restitt&J gft of £375k frc4n the H ' B Alkn 362 HB Allon Cons•rvation Fund During financial year 201&2020 ts dwity ¥ ¢SJnaith cl £7 flfi ts H B Fc#JThJatKJn for u in conservabon. This srts a5 a rirf tem in rBthctoa fLTh1s Frn1wYJ dC5 to 370 P¢nguln Rehab Cwtre . A fund establisEd with SLWJ1 ffcm roJmttixts wces withn ctsKle of Falarts. to ¥d Ihp CStrUction. mwtenm runrrfKJ of a srnal scale re¥Mx6e Centre forwAdlife w th8 IslaThYs. 372 FCO Comms Fundiny Funded by FCO th6 prwt ams to encwrffje ttE yrAJfw to eroage FalklaTrJ IsLaTrJ decisi)n Make wwir¢)Ynert& in particuL4r ns for manwent of natural enviwmeni 373 WPT Ship Island Resloration Supwrt Irom Wkj Tnot to Ir hdat r8dc¥akn a•J manwent work FC'5 Slip 374 ESB Seaweed Cltlzen Scienc¢ FU8d by the FIG ErNironrnentsl ScIe knxSA anns to ¥•tiate a crtThi scEwe prqecl that will engage ceffimunty memlers in gthriry more infn. seaweeds that feed baselire forrnatKjn. 375 FCO sal)1 Famlng Equ1Wnt FU•d by the FCO the aim of this prw is to Ihat wil altN the ch Group to leam att)ut 4uacuure arY hw In.j Il FlaTrl IslaTrJ5 388 RSPB Salmon Farniln9 Governan report Fe by RSP8. thi5 restnct8Y fuTrJ aims to gJFPJI tt F¥0J1)n ¢if irthFeTrYent re¥ of gbt81 iTrdwtrial samon famiing govwnarrR & a5xrigJ rArtreach activtss. Falkrn I81#$ ithye waters are in near prBb'ne concknon and ttre is litt basehre envir(xYnerrt data b effethety assess irnts Salm farmy would have in Ihese watets. After a suc¢es51ul r8Wt cn envirorm8rtal chalerrtJes (Bri(ts. 20181, FalkkqTrYs cor6ervab.on are now awniro to invesbgate Vernare n trE dltstry. has Iimrted aq¢Jacutture 9)vemance trxwncè in To this it 15 ThPYtant Ihat FJkL8rrJ5 CSerVat¥), the commLnity arKY th8 govwnmtnt ¥è aware ol curwt govemm of $#kn farmIThj.ad wc¥1d chalknges Ih8t rwJuktrys of InthJ rnay fwR. 23
FALKLANDS CONSERVATION Note5 ToTh• FInCIal Statemerts For th¥ Year ErKlgd 30 Jw.2022 11 STATEMENT OF FUNDS Icontxiii•d> 390 Si18 Managefflent Support FuThJirwJ Ircffl RSPB to sw inwov&J at F.C sire uKILx'rq nvasNe . put 401 Islets aequisition Fur¥Js rec•v•d frcffl th• John EIterM FwThyatic C(AkfatNe Fu1 and RSPB fcff trE of Pebt4e aTrJ Govemment Ist to bn"TrJ thwn uller C(W¥al manwPt in Ferrtuty. Nrw. a5 Wt of thè FalkL4NIs conserVat¢c L•h)k1irrfJs t te swvwed man•went lnNertY uThJertak•b. ' The petue and ernrnent bew impwed 85 FW Faki8rth Crypswvaw pJky Tred in 1..10 ab•. 414 Unlo¢king Falkland Islands Marine Mana9Th1rt: Key Blodl¥uslty Ar8a5 for sealmrds. The project will lentfy the first 'Key BKKINersity Arèas, IKBASI for seirds ard eoastal water birds in the Fakènd Ilants to infwn ts cwrent Management Area IMMAlproce55 fubJre Marin8 Spatial Planrllrs. aTrY ery•3e (ci5KMpmkn5 of IUCN•knea teth fPractl Managefit 423 BEIS Whlt• Grass Blryna Thi5 grant oifw8J by BEIS (BLtsV. lTrJLLStrial Stratetyl as to ts fundiro obtai from the D8pathent fty Fcth. arKI Rur Affs Darwin PhLS RcMJTrJ 8 f.its Pr¢yt Darwin Protect aThJ Restore. It sUpF) woth alkN4ing to éxpand Ih? set.of schethJ ol the pwt, al1r9 to chartere de>£ribè the vanatlty ofatthè gfcyjnd "(na$S ccNer•J ty wra$S a grJnt of graw inter6ty. 435 Dwln: R•¢ognls•, prot•¢L r•stor• . drmng sound stewardshlp.of Falkl•nds .W¢t1and¥ cover79 over a quarter oflhe Fathland's LaThJ-area, wt-wUaThts s swrficwt fw carbon 5tor•3e, . ecctsystwn funcb"on. aFTd Ihe rnptsnt habitS. fauna aTrJ Ih)ra it HaMat anLI sryl 105t. are ongci threats to our 3t.wes ecc6yStems. exaC¢j by a lack of whh 5rte.ba¥8J prclects)n and management conservatKJn. Prqect luTrJaJ by Darnin Plw. wll resur( in nponS of nationa "Vulrerable. peat-weUNJ ecc6ysths. cMent ol asses9nl lork8nd-managers. and mulbmedm outyts that Ir drive ¥dUab f¢x18Str9 ¢onserniation benefit. 447 ESB colan$ Rod¥st Fund8d by FIG Environmental lry t estatrAthnent of nai8¢ Rèd Ltsts forthè Falkland I)dS and in the % $Fe¢V of thal have in wr5 around the Fakland 151ands. 453 RSPB l%Thale support Furnls recV from RSPB to trAvards shwr¥J of FC'S re•4 swvey tx)at fr UK Its Ihe FaL?J& in of thè Darww) PILS IDPLUS1261 kwt blknj 'AdvarKry FthlaTrJ5 afKI ryin-scafe marnagement olglc>alty IMPtsnt whale 467 RSP8.. Policy and Cawta Equipmnt support to Falklands C•nser¥ation FuTrJed ty RSP8, ts fuThts ¥e dir as SlP1 to Fa1 Conseryatscn to covw 3 ¢Jffewt areas.. InRcfr review. 486 Darwin Nl Restoration FU by Darwn PKJS. IhB wJbJ crynFte sp5 necewry.for a prtsl fr. specEs er&Jutk)n pr¢)Jramme erw Isknts Goverrment CCffjrnty to securt surp)rt for New IaTr#S Wterrn restoralK 701 N•w Island Furnls 1hroh ts Mew Tnst INICTI F4kW C¢wrv¥bM. ror ts CcMr¥th" aTrJ Marr4errt of NeAt L4wJ. 701 New Island Land and Buiklin9S LaTrl an¢J 8uiW pro¥id*J tOlty lh• M8r9W New IslaTh1 CLywvath Trt INICT) FalkkirKIs 24
FALKLANDS CONSERVATION Notes To Thg FlnanGial Statements For the Year Ended 30 Jur 2022 12A Caw Endowment Fund Balanc• ¥t 30Ju . Thè abjve ca1 was creabj cJ chwty in 1. frryn was to chase certain freth)kJ LaThJ. aThJ ts it1w$ kst&Y in N¢e 7 with exceptDn of Hawk's Nest PLd whh was donabj separatety at a r ¢ate. Thè balare was transfr 20J1 frcrn okj charty to charrtae ¢[ny. ccBer¥at. fdlowr#J ts Iraf¥ gf W tsup. 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Oth•r N•t Total Restted Funds D•swated Funts" Gewal Funds 18.325 1.C93.377 217. 36,375 1.131.702 422.124 259,832 223,457 275,789 1,346M20 1.846,066 14. RELATED PARTIES Thère were no related Foty Irawcttfft in ethr tt rJJrrert kxv ye ULTIMATE CONTROWNG PARTY 16. RECONCIUATION OF NET INCOIIE TONET CASH FLOW FROM OPERATING ACTMTIES N•t In¢om• for th• r•portlry pwl¢>d {a5 per the af financlal actItS1 Ad]ustsn¢nts for: Dweckatk)n charges l$th aCquth"( imwmient Divthnds and interest Ircm tyTreslmwts Lossesllgainsl investsnerts Ilncr•aseyde¢rèase in I1[rea$ey6ca$e in dlS lrtr•awll£tscrèas•l in credrtors 127392 17,OD2 13.770 149.999 11.015} 5.794 14.fylo 12001 18.926 14.1 112.8171. 18.7181 11.5871 13.C03 . N•t Cash provided by 0rating actlvlu 328.608 66.050 17. SUBSEQUENT EVENTS 25