. FALKLANDS CONSERVATION FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 JUNE 21￿2 c￿nY l)3661322 IEngl•rKI and W*•s) *A8YVll￿Xty 0810312023 COPAPANIES HOUSE #157 FALKLANDS COPISERVATION CONTENTS Pag• Tn6tees' Repryt . Ststwn¢nt dFinal￿4 Athtres 10 11 C*h SlaIwn￿I 12 Notes to tt* FinwKial stat￿n￿ts 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 Artic*s ¥e to. al to undertake sc*nbl¢ resewch fft thè wkfflrfe envirrmment of the Islands iiththng N IsL4TrJ and th*r SLKroJTrJiTrJ seas aTrJ tg rewts ofgrh r&earch". bl to C(￿￿e Ihe wikjlrfe aTrJ ￿Vr￿Ment 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 intWnat￿na Falkl￿￿ Is* Trustee5 have ad￿l&j a Fakthds CO￿r¥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 w￿ab.(mI cartw fwtyrint We d*a on ectricty use, heab'r*J aTrJ LwJe frc*m tra]sk￿t to XCLxatety our cwton footynl frryn 2021. Ths will be used as a basdire lorfutum yè*s 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 I￿aTr￿s. Th• INatch Group aft￿¥&3 n Ihe tru'bj LP to the 2021 Fakla%ls by Wr￿￿j q￿titin5 abojt ènvir¢JThmental rss￿. TW ¢reatg1 a v**0 of than5dves askwYJ thes& a￿s￿"0r6 which was wth dl Car￿ateS to brir9 Iss￿ to the fortfront of declKffi. Tr* caTrJthte's answers re than collatoj aThJ shared wth ts W*h GrcAP. Tly"*o tLK* part in'The 8p3 Seweed Search.. . Supportlng •nvlronmentsl edUc*k￿ wlthln F￿￿land Island Khools We conb.nued to Infcffmaticm ￿aff sl¢p￿ to envwonmwtsl Èsscfft5, fekl tri￿ 8TrJ assemblies wthin WKI to SLPP%Xt ex￿rnr￿e siL**rts 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 a￿1 increawl Watch GroLP atténdarte cortn"bJted to tI￿e 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 $aknc￿ farniir¥J f￿t[DJry Iwtht benèfrt of ￿ envin￿rn￿￿. Sustainth 8usSness The New IslaTrJ ojt.tum was ￿￿8. RESTORING NATURE Tussac Fdantirvj cOntinl￿ on I￿8￿1 Isu[p￿ted ty GeLYga Seafc>>J51 ar¥J Mot* l*nd ISwKJrt&% by". EU B8stl. Around 3 Ha ot ￿ has been Fl*rted Mwjdle Island wilh aFproxirnatety 5 Ho on Molèy . I￿and. Anaty5rs of tr* ol. h￿itats was urthrtak￿ 17 thThJs. Stwcreek ConsèNAtk)n'$ Ecolcgrcal Re5toratiefi Gra1￿ conts"n￿ to fwncpl ￿p￿￿t to krtal C￿￿MUnty Co￿rVation iThtkatNes in¢ludiffj fertcirYJ aThJ rep￿ntir9 on Oyke IslaThd. le￿I￿j arKI lussac F4anb"NJ at Port and n&'ve Flantir 8nd hat￿t monrtorirvJ at Lrttk Creek F￿. gerErou5 ol Jom Elknnan Colaborthe Fund. P¢b￿e Isbt was xquired by FC with ts aim OF rethTrJ trE habrtat of IhE ￿land. Lar￿ parts of Isi* are threate￿1 by erostm, ha￿lat scil k65. Ow currerrt restcqatitin effcrt there ¥e severdy chalteryed by the ' chrtfiic inpacts of invasNe mamma15. Owwin we L*en at* to t*0 C￿ a rw4 rob to FALKLANDS CONSERVATION Report of Trustees ACHIEVEMENTSANO PERFORMANCE Iconllnuedl SPACE FOR NATURE Vi¥ Ir￿tt￿y to the Marnw Man￿ernert Arè8s I￿l￿Ar9 FWVkYvw a put4c nIc￿atrOn 8e5sh)n. s￿orted FIG wth thwr intere51 to proJre55 Wotect￿ fcf trE Cove MrAJntsirs. 4L USIMG NATURE Vi* FxOV￿￿l {ThJw￿l T¢￿ch lo infrym m*er5 of scale. cpen nned, saknorn lam)ing. In e￿ 2022 th? Fafki3TrJ Exe¢utNe c￿￿11 *kYed to ban Fro￿)re Salmon faming In the Fthland IslaThts. Frtm anaty>s cl d*a alr*dy 851*ts￿. the irth(Y8 w8tÈrs of th* F￿k1#[KI Iskinds, wh.ch %￿e atre*ty a Key BILxtiveW Area IKBAI for sei wh8¥ werÈ reccgni5ed 05 8 KBA for 9 ' srec*s of se*"rds. The FakPdrts-wth Seabwd Morltcrfirg Pr¢￿Irrie. w85 rcrnp*J for ttre ￿ Cc￿eCI￿ve year. Our whab ta￿.￿ frve satdrte t*Js s• Berkdey Souryj to ￿e0rd their MO￿n￿ts 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 co￿Sts of grarrt.aided prqects wth an a?re￿I 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 [inar￿￿81 year. over the duratson of a woj8Ct, e￿￿￿ditU￿ m*ctres gr￿ Ir￿c￿e. The fvr¥J¥vJ fcy exh propd a Fercentsge agreed wth the donor which contrifxrtes to the charty s fixed overt*ats inctuthry buihSr%J maintenance. off¢e cc6ts and core stsff salanes which a￿ otheNite frcm unrestr￿￿ iurnts. Htrhever, wiccwne to cover fixed overhe*Js Wnts"n￿ to t* a chal*ffjè ￿ s￿￿& of genertyts supp￿1 of the I￿and9 Govemrnent FUnd￿￿r￿j eff¢yts gJch as the Chanty Ball ¢J(rfpborts sa¥ tO3ether wth memtership and Ferouin adcpkn, er￿Ajre£l that es￿bal CLWS We￿ cover&Y. ￿ Tr￿ wc#A like to Itor trarts for . the hard work ofts m￿?￿Dent t￿7, memtws wvters for all the* vwc*Js fu￿jras￿g xty'vitie& Prlncipal tsndlng Sour￿$ Falklaryls CowrvatK)n has a dNergty of fuTrYir#J ccffitrtjubrm ¥arw frryn year to year bwd upon IrtereS￿ Tr Fa*igTrJ Gtywr*nerl IFIGI kKov#Jes ￿ wth ￿ annu4 Sub¥￿￿?￿, and Ihis income ttntrbute5 to ow ryganB*k)n* ccsts in the FaklaTrY WaTrY5 and fo a nurntrm of ongoing proJe¢ts. Sw"M￿re8k Ccfi5ervafw. Detroii ZTr)b3uI Swty. Steve Swr9 Roy* Sc¢Ety fc* trp Pr91ecl￿ of Birds dso provth yèarly ¥4pJt. He￿e. we are p3rfrLdarty wèful to al fef th*"r cOnl"n￿d gjpwt Fundralslng We he￿ a swAessful, ptysr* Charty Ball •v•rtt in 2021 w￿h regJW li of £18,192. A numter ol UK wihdlifè pa￿5 ¢WtinuèJ to dwAay cOlectM￿ t¢)xes for FalklaTh*s wibthrfè. fTCrn which decwsed durir¥J eovid. however $￿ed a ynall Incre￿ n 2tr21. lo ow gfft at Jttske Willas in Stanley and outs￿rC￿9 wr WC#Y￿ts thrwjh Kxal ￿ internatr"￿ retw.kn ar*J our websw). Wh)ut tOUri5ts to . Falkl** IsLand5, sa85 were (trwn in 2￿21122. FU[￿ra￿9 i8 a mapy of ts man•3ement team and ts a cOrts￿l New Island Trust had a $￿Cessful s8ctrd yw d tcorn twatbM IS1￿1. dosprtg thé SVJnff￿t f*)ar￿1a1 S￿)rtraI1 caused ty the absence of cwtse troJrtsm. Ths slK**fal was ￿d[ttd by Il* secoThJ year of Ihe goverrlnent's substy of local touriw l¢aW ts TRIP fKhemel. Inv•5tment pollcy The ¢harty'$ fwThJation *j￿￿￿ent st*s that the ch*ty has Its Fxywer to"Th•st ¥ry the Cc(npany not immediatdy In arry Thfestmwrt4 ￿urrt￿S u pr￿r￿." To Ihat eTrJ, charty has .an investrnent Quiner ChevLI Lld, Vth￿h manw a pK¥llc4KJ of as$8ts. The clwty is w) close contact wrth FALKLANDS CONSERVATION Report of Thè Truste8S FINANCIAL REVIEW l¢ontlrn￿dI pollcy In lir￿ wrth Ml thè ch¥ty s￿, l is ts F<&y (rf"￿ Truslees to maint•n a rewve of unreslricbJ, uThYespJnated funds to cash.lbw rwern￿ts. to safeguard rdentia fluc￿latiCffi in revenue and to enabb rt to deal wrfh an LWWFrtt8d 0￿￿tity. unresufcTe(i ge￿al fur*ts uia.ULAJ. as +r -_ SOTn expeTrJthre of £341,QDJ. therelLYè we have 9.1 mcth of reseryes, a$s￿nIr￿j tKJ ftcme. It i5 FC policy to hc4d cash or c05h res￿8$ ts al￿ ftr ¥ mininLm of six moths ol aThJ have reS*￿e against fhJctuatKJns in i￿orne. At tt* yew ernl 2022 ¢*h rtS¢N¢S *ee Th)teJ as W 9 months of actNty based on the 2022 . expe￿I￿re. Rlsk managernwrt The Board reviews ￿nU8￿ m•n r¢k$ Ihe cw meagjres to miLbJate r￿k* ArnoTrJ Ihe rna￿ rths th*ntil￿1 * WEserrt are". 0Vw-￿'w￿e of irtclnè. Eff¢Jts are co￿"r￿Al￿ maje kn th"versrfy 9￿CeS of income to avo*J the difftLAbe5 mgm artse rf a key 9￿j￿nlY 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 t*k•J the backup c¢¥ies hdd oll yte Fye prÈvenkn tryarwénts ard dtsaster ￿L0¥￿￿ IAans *e In k*e. Injury ￿ death of a mani*r of staff ￿ v￿urrteer wth ts atteTrJant repUtatsr￿l ¢Jam•Je. A Heatth &, Safety wlicy i5 in F4x* vttrLh is Tr￿ at ka8t every 3 y￿S All memters ol *aff arhd vobjntéèrs are regUl￿ty 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 c￿8t￿r In￿ry or harm to to Isknd aTrJ (kn•J& to thè twikjiffjs and equiF¥n&* on the. I￿aTrI which is tsdat&Y a￿1 remote. I￿rar￿ a• in caref￿ty re¥￿￿j at r￿Wa. PLANS FOR THE FUTURE W• will contir&* ow wfyk try4ard5 our 2r11.￿ str*1 wwess awrlst Tr*atNs in rAJr 4 key FaI￿and$ Con$8fvth as a Forc• lor N•tur• In ￿der to havè an •ff•ctivèc¥rJanoabon we negJ"trJ invest r*. systems rfrastructL*è that m*& up the ¢yganvzation. Ovev ￿ rtxi fNe years*E refresh ts ¢yganEaticwl 5trLLtwe to accornmLyJ*è nèw rn￿1￿ts and will ￿1{y* Lts to gfQW aThY wstsfft*k. WIH wtyk Its our finartral stabilty by wort(ir#J wth partws, Ltws. txklirs ￿ s&Jnthant Ihat COVID.19 IAS cawy. We wdl CthlbnL* to W ¢yJr workwth ts cunmmi at tsart ol our Stratw. Restor• Natw• eh*npth rest￿thn ol ￿j[e as 8 kw way of i¥kSNJ Ihe inw chalkroes that we face. This will b￿1￿*$ whare F￿sth. . Spac• for Nature 11 much io ¢10 to ensiire apwwate c¢ryrvalTrx ol tyjr m￿nfr aThJ twrvstr￿I ￿al hW. wil work abn9swJe at￿r MeM￿S Df the commuThty lo fDJ p)sthe sljkit￿ Using Natur• Orts￿ offshore have ttE p￿bal to alef tr* natLffal tr￿￿ter ofts forever. We will WOTk alorosth crthÈr memters of ￿ c￿nmU￿ to wKwrage sLtstsina￿9 9£4uk¥)s io these challry. We Je all part of the atsyhl lubjre ftyFal(l*bS$ naturè. arm1 fO￿ard to corthuiro to work tcty￿r. will conlinu& to reF#Yt on our Achie¥•nwts and Perfornwnce laL*Jvel . FALKLANOS CONSERVATION Rewt of The Trustees STRUCTURE. GOVERNANCE AND MANAGEMEMT Falklarrfjs Cortstrv*on i8 a cOM￿nY guarantee Icomrony Numter 03e613221. in¢tyF<)rat¢d ¢n 4 N¢vernter 1938. Tr* CLNnpawry t¢￿ ovtr ￿ &lwtts"es awts of the Fa*land FoundatK)n. a charrtablè trLLSt in 1979 ty Sir Peter Scott. Tr* CLNmpany was establL5W under Memcwandum & Artic￿5 of AssctkaiKm. wefè in 2016 ty a g)vernirg dcCum￿l which Ctymk*es wrth ￿nI charvJes in UK law The di￿torS of the ccrfnpany We ato charty tn&stees fc¢ ts wrFX)5es of Ch￿ty 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￿) ￿ Tnts*es rnLSt te at each Annual G￿er￿ MeetirrfJ. All ar& 91*4è Ic¢ re*kction. Rcger Spink cont•iwJ as w Chafft• bas*1 in .ts FaklaThJ 14wkJ5, H￿ry rernaw￿d VKe. Chamian bas&J In the UK. Trustees have ￿e￿een thwn a var* of ski15 in i￿ludIng, for èxamFI•". ironmenta aThJ SCI￿￿rf￿ ex[trt￿.. of ￿ FalkbnLI IsknJ& f￿ar￿? wrth a variety of rdevant stakeWe eX￿Er￿￿ Al mwnters are lo *Cli￿. The Board of Tr￿e$ me* yrterty by k"nk' UK-F*1￿1 Islalth. The ChEI ExecutNe Offw. conserv*.￿ Man¥r a￿1 T￿hr￿Cl AthinistraD"ve off￿ are n attèrbJart• at Board meetws. bul do t vote. All Trustee5 give ts'r bme fre•¥ do not re￿1ve ￿Y reML￿rat￿. 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 d￿r￿. our Strate9ic priori￿5. 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 AdM￿LStratiVe Offiw. ￿ pay of t￿ key marojvnerrt aTrJ slaff salarp5 arg revpwed and apwov8Y •nually Board as of Ixkjpbrg prcress. Acccwrt is t*en of 8 nurnber of f¥tots, includirq saiqry Wels in kxal eCOr￿nY. ¢haryes io ￿ c051 of INiry a￿1 ￿ WJ to re¢n*t aThJ rgtsin suit*4e wnpknyees Thè member5 of stsff w￿1 ￿tin￿j in rKtsts dLYfMJ Ihe year wwe as ftAkJvs". Dr Ether Bertram {Chief Exectaiwe ofrirwl, Or A￿1reW Stsrw4¢xth lcorwva1K￿ Manè3erj. Or C*olw)e Icetacearts Propct Offi￿rI, Parnda Qui1C#J￿ Jetes (Technical A(knin151raiNe OffKerl Emma Harte Co￿ry3￿0￿ 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 Cemmun￿atmins and Marketing Officer in Septwntr*r 2021 wth Mwk takirg over a5 AdMir￿the Officw. Sarah Crofts (c￿$*rva￿0n Off￿￿TI stePF*d Oy+m Irtm her rolè in JaThJ*y 2022 .M*• Fcrfd ICc*nmunty Outrexh Officerl was fepLaced by Gl8nn in Jamw 2022. Ross.Janès a)J Invas￿&S Managerl joined us in May 2022. Dr Kathèrinè Ross (Habtsts off￿￿) steF￿d ¢Jywn frc4n pxt f¢kning l*r matemity leave n Jure 2022. In the UK, ￿1C￿3 Boyer conb"nu&Y as the UK Ai*minithlNe Offw. Hekn very k¥kYty continued to provth voluntary SUFPJt as th• H•baNm cLrt￿. INlh this gro￿ of F*cfA•, tC¥J8ther with ts ass6*e of tsdicabj ¥dLmteus *xaty aTrJ 0Vws￿ we have h•J a gxcessful year. We thank each aryj evwy of.them. Mèmbers FALKLANDS CONSERVATION Report of The Trustees STRUCTURE. GOVERNANCEANDMANAGEMENT Imnltswjedl Premlses Our main office is ai Vil* n SIAn*y, with a ccffitthentsry cir1￿ (MJr UK AJr. FIGAS, FalklaThts DL%tilÈry. E*Fthant Beach Fwm. Kew SIC￿5 Ltd. lukcThska. Falkknd BeeMoth$. FJklarnl 14orKls T￿r￿t Bwd. Regn By sara￿ s￿jd￿ Sl Narrcw4 Helen and Lew Marsh, Suzan Pd Evans and Ma￿Ina H￿j$e HGlel Donats'onih to th• Bulldlng Fund.. Sta￿tard Chzrtertd Bar*. Fa*LarnJ IslaTrJs GcN•rrfftèrt, prem￿ Oil, Notle Er￿y, JK Marine. Caritte£n Ajwe. Jthn & Trxèy Hdkxdl. Herny Kenrw lknohgrassl, Cotswdd Wildlife Park Garder& Morrison's C￿tn￿kn. aThJ Frils W Olivw. IA* woubj aLw l*e to thank the H.B. Allen Cknarita￿e Tnjst - Icry-term of w corè *1p4￿es, have c()np￿j their luTrJirg to U5 with a FALKLANDS CONSERVATION Report of Th•Truslees REFERENCE AND ADMINISTIiATIVE DETAILS VICE PRESIDEFITS Sir Davhy AtterOorDugh Julian Fitl Robert Gibbor Carwanl H￿On BOARD OF TRitsTEes. Roger SpinklFC Chairrn•) Henry Robin50n(UK C Tim C*r Matthew Basslts￿ (UK Ch*¢ - pswnÈd SW2021 J* Cl* Paul 8rthbln IFI Mce Char) Colin aubbe K•ih Biles IFI Fl)n Treasutw) Wlson Thomas 6￿8 MO￿r￿1 Ross Jam45- res6)￿d COOb￿2021 ia Gr¥KJw Tre*ww) Phyl Rendel Ehz*eth Wforo KEY hlAMAGEMEMT ehlel Ex*cuO%* Te¢hnl¢al Mrninlstrai¥• eonsqNa￿on Manag•r Oi EslhErBertw Pafflela Je* DrATrJrn¥ Slafftwrfh PRINCIPAL ADtIRE$SES United Kirydom.. The Gate￿USe The Lodge Sandy Bedfordshire SG19 2DL J¥bil* Vi•88. 41 Ross P￿￿J. FIW 1ZZ REGISTERED OFFICE 2nd Floor. knJi$ Ftluse 45 Stwl Londoh, EC4R 9AN u￿lad IUThJdom: 6*day5 Bank PIC Kino George Street. Yeo¥l. Sonv5et. BA20 IPX Fa•lar¥J tskn18.' Ross Road. s￿￿eY Fa*knl 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$leT. M2 4 AUDITOR .AJts Au¢blSeNicts 2nd F￿or. Reg¢5 Trbuse. 45 Kino ¥Allliam SlrE21. Lor￿art. EC4R 9AN AC¢oUt￿ANTs 81uegrdss Acco￿*￿A 1 8arack st￿ PO Box 725. St* FALKLANDS CONSERVATION Report of The Trustees Trusteea. re#ponslbll4kg In relalioth to the financial statwmr Thè trustees (who are aLg) ￿￿￿1¢y5 of. F*larwJ5 fcr ts FWP)5es of Iwl are respywbk• for wepariro the Truths, Repyt fwcd statwnerts in accord￿ with aTrJ UIM ngdom Accounb"rKJ St*wJartts IUntsJ lfj'W*n Gerwaty A￿ Accounbry Pracfrel. Ctynr•ny L*v reqLMf8S t￿ trudees to &Yepare fin￿￿1 statwnerts lry exh financd year.. wh￿h gNo a aTr fair vw cl state of affaws chatstdt ccrnpany aTh1 Incc¥nry resources and arPl￿t￿Tr. or reswrces, incliiding inr.nrne &ryJ eYyJrYJtyry. of Ihe C￿￿table cc*npa￿. lor th<* year In Threpamg these financjal statements. ￿ tru#ees *e r￿L￿ed to.. observe th8 rnÈlh¢*Js and in tr* Chatss SORP". rn*ejLNJgernwts aTrY e5ts'mates th* 8re rea￿￿th WLwJttt state whets aF91￿￿b￿ UK Act￿￿ti￿j siatsS*(ts have fc4kh¥oJ, sw to arty maierHI d8partures disclosed and ex[AaW￿ in Ihe fThncia Slatèrnènts." ￿¢t￿nts ￿ the gtsiro cciwn tésts wless rt ks to preyxne that the charitable wdl conb"nu8 in L¥*rakn. ' tr￿tee5 resp)r￿ltIe ke8pir#J athquata. xcountfKJ ￿[¥d$ that diylose witlt Teasonth accuracy al any b'rne thè financ￿ of ￿ chanlable ccmpany anLI enat4e t￿rn to ensure that ts financial statements ccThpty vthh th¢ c(￿par*S Ad 2CC6. are res[￿$1￿ safe3u¥drg the 8$5ets gf ts ¢harrtab ¢cKnpany and for t*ir#J reawnabk steps preverNw and detecti￿ of fra￿￿ and cther Kr89u1ar￿es. In so f¥as th• trust••s a￿ aw*e." thwe is no aLth infomakn 01wh￿h company's IM￿￿e., aThJ the tr￿ have taken ￿1 stei6 thal ty rAght to have tsken to mak• th8mselves awa￿ of any le￿Nart aud￿ i)foThati)n to that 15 wware ofth* Infomikn"cffl. Authtors A resdukn for ￿ re-aFwntinent of Azeis A￿Jrt Servtis a8 a￿J￿OrS to Ihe charitth cThnparry will te suknnffl•J to ts Annual Gwal This rwt has in o¢etydarte wth Sta￿ent of Pr*ttè." 'AeeountiwyJ aTr Reportirg by Charrt*' arbj in ￿0rd81￿ wth ts S￿¢1 F￿9vI￿ of Port 15 of thè Compariès Act 20C rebb'rg to 5rnal￿r entstsss. '. Swjwj on behaff ofthe T￿￿t RLYJ8r SFNrth, FC Cham Board ol Tr￿$ FALKLANDS CONSERVATION Ind•p8nd8nt Auditors. Rep(wt To The Membws ' Oplnlon Iwe auth'tsl fInar￿N￿lS￿l¥neTrts of Ctytsavat*Jn I￿ 'charrtable company'l lor year eTrJed 30 jur￿ 2022 wh¢h cornF￿e ts Statwnent of kiNrtw the B*rv SW Cash Statement and notes to Ihè financ￿1 5tatÈmèrts. irclLxlir¢J a ymm¥y of sKJnth"cant &counting kxslicÈs. Tre fi￿claI rwbrYJ frarnew¢rk th* has aFFW n ts"r Wewat1￿ B ￿￿￿a￿de 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 A￿ntry￿ Practicsl. In (wr OpTh)i￿. Ihè fin*)cial statemènts". gi¥è a and fair v*w 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 wep*ed wi *CL¥darte wrth UThbJ Kiwkni AcceO&J ACC￿￿"r￿J Pracbce, and 8￿$ for opinion We coTrYucted wth Intwnaiwjna StaTrYards ￿ A￿J￿rg IUKI IISAS IUKII *KS wkc*Jle law. Our respWbA￿.es Ln1w t￿ are fLts descrb8Y Awlitorfs resp￿￿*9￿￿￿ for ts audr¢ of ttE financial statwnents of cw reFKrt IAÈ are njV￿lerrt of ￿ charitats4e ccfnpany in accordance wth the ethi¢1 r9]LIrwn￿ts 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 reSp￿￿b￿￿.e5 in *cordarte wrth these r4LNremants. thg a￿￿1 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 ¢￿ty￿e 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 i￿l￿ed the annual rep)rt, othw than tht. fi￿￿la1 *atemerts our a￿jA0¢S repjt thereon. Our opinion on the fI￿￿la1 statements dces covw ￿ crther rfomiation a￿, exwt to the extent Otherw￿ eXpl￿￿Y 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 I￿￿￿￿tent wth th& finanual statements or o kr￿ledge 1th.￿j in audit ry ott￿lSe wars lo te" rnaterdty mtsstatgj. If we Éentfy wjch material ¢OnsstenC￿ or warent material M￿t￿nents we are r￿Ired to detwmvp wl*ther there 1$ a material misstatement in ￿ finarKKal slatemgnts or a matwwl rnisstaternent ol infowrnats)n. 11, based on the work we have ￿rta￿*j. we ccrtlude that there s a maknBI m￿4*r[￿ 01 th15 0ll*r mfcAmknn, w8 are r•quir8J to repyt that lact rv)thiNJ to réwi in Il¥¥ rt￿1{1. . In ow cpinN)n, ba*J cffj wc¥k unden2ken in ts cOu￿e of a the inf¢xmats"on gw) in Ihè reKtsl. wh￿h I￿￿Je$ the'threclws rekmyt F*epareJ lor purFoses ol comrdry L*w, finanoa ye¥ fLY the fmncAI s&iternents we Frywed is congstent wth the finartk4 Stat￿enIS., the directors, rep)rt ￿1￿j?j withn ts trustees. haveJhas teen pTy&J in accr*dar￿e 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 knO*￿e a￿1 W￿$ta￿￿'r9 of ttE charitth ¢￿PaIry arKJ its ￿NIronMent c&tsin&J in tlp. course of maiw*l mi55talwnents wi the drectrys, reF#Jt I￿1￿1￿J witlin tl . trustees, report. have Tr)thiThJ tt) r•wt in rwct cl ts ffknry rnatters in r8lats￿ tr> wlKh Ccfflpan￿ Act wuir8S LLS to repx)rt to you rf, in c*ir cy)ti)." ,,*.• hwn k•p*. ry ￿￿rn.¢ for OJI r aLth. have no.1 teen r&eN•J from branc1* rpx v*rttd iry us", LY the financid stat*￿￿ts *e ￿reern￿t wth ts accl*J￿"r¥j reccrfds and rebJffs,' crf . . certain th"xloswes of trustees. SFecrfeY by l*¥ are ncrt m*.. we have rb)t rec*v*l al Ihè infC¥Mat￿ eXF4anab.￿ts r￿lre tyJr a￿tht." or the trustees were rwt to fIn￿¢raI Sla￿entS n accordance with ts %nall . comparries regimè aThl lake thaniaJe of ￿ ￿all ¢(rfnpan￿. exwnpi1￿ in kwriro Ihe tnK5tees' report aThJ Ircth the requwement tc+ wewe a strateg¢ re R•spon$ibiliti05 of trust••s As explain￿ more lulty in the tr￿tee5, re¥rfThkn"ltss stathrt ts trustees (who we akn ts directors of . Charitab￿ cThnpany Ic¥ the Wr￿￿eS 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 fra￿j or efrcrf. to Contin￿ as a gory coxem, as aFfAK7*4e. maiiws relaw t9 9rmJ ¢on¢em ard u%ng the gurg concern basts of &c¢xmt•vJ trustees ets InteTrJ to bquKJ*e Ihe Chartsb￿ ciMnFony. or to ceay¢ operal*)ns, or have Tr) redst¢ *mthe bLrt tgdo 50. Audftor's responsibilities for a￿111 of the financial sLitements Our ct4'ethe5 are to rèascffj*4e asgjwce wwhw ts fi￿¢￿ stalements as a whcle are free Irom rnaterial rnisst*men( whetr*r to fra￿￿ ￿ •rw, ar#J to issue an a￿￿110￿5 retth thal includes our O￿n￿)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 M￿￿8t￿n￿l it exBLg Mvsstatements can w15e from tra￿ or errer aTrJ we CL￿84*r￿j m*riJ rf. irkYNkYuJty CY In trE wre9ale. tw cwkj rea￿*4Y t¢ expectsd to inllL*nce the ￿OnC￿￿ (*csior6 of tsken basB ol slatemen A lurther de5cry)1￿ re5kwg1ikbes f(Y of th8 4atemerts 15 bxthl on thè Fina￿la1 Repcwb'ry Council's web* #t TIMS dtr£ripb￿ fomis part ol our a￿￿torS 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 mem￿ts trThe matters we ￿ rgwir&J to state lo In an a￿￿rt0￿$ r¥x)rt and for rA) ot￿r purposè. To th& lulw *xt*)t Femrtbj ty L•¥, we ¢Jo ￿t accept lx assume resFxYfytylity to anyone ott￿r 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 A￿Irt￿> For and C￿ tehaff ofAzets Aujit Ser¥Kes Stsbjtory A￿jrtOf FlcK)r, Regis H￿se 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 In￿rne 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 SI6￿12 . Total expendltu 341.032 . 672.415 1.019.502 731,539 NET {EXPEOITURE)IINCOIAE BEFORE NET GAINS 1&569 1fj.055) 123. 13411 17.c￿2 NET ILOSSESVGAINS ON INVESTMENTS 16.8081 NET IEXPENDITURE)nNCOME 17.002 Translers bets￿n fuTrts 12 18,843) 103.C(Q 194.157) NET MOVEMENT OF FLINDS 96.94S 127.292 17.IJ02 Total fmtss at 1 Juty 2￿21 291.322 325.179 1.102.273 1.718.774 1,443.261 1.238,830 {980.3191 Impalm￿l 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￿$• rma￿la1 #atemerts. 10 FALKLANDS CONSERVATION Balance Sho•t As at30 Jun• 2022 2021 FIXED ASSETS TarpJt)b assats Invesbnents 275.789 289,558 229,251 518,809 CURRENT ASSETS Stock Debtors Cash wN48nts 19862 10.095 1h12.013 io 1,232,39J 1A41.570 1.275.787 CREDITORS Amounts fallry. withn y•ar 11 194.750) 175,8221 NET CURRENT ASSETS 1.346020 ' 1,199, NET ASSETS 1.846.086 1.71(774 FUNDS Endmnent Restncted 114 113 32A18 1.131.702 1.102,273 UnTethled fuThJ& Desunat8d Ge￿r 122 111 421124 259.832 325,179 258,914 1.116.066 1.718.774 TOTALFUNDS These financial statements have pr￿ar&￿ in &¢C*da￿e with the S￿lat provision5 of Part 15 of the Companies A£1 20C6 rdatir¥J to small charit￿e ccmpanies. Thefina ial lat￿entS were approved by the Board of Tntstee5 a￿1 Dir&tors ofthe Association on .. were signèl ￿ its tehaf by.. Rcgw Spink Bowd of Tru$t&s ' The ￿lte$ pèaes 13 to 25 fomi rArt of tIEse .' FALKLANDS CONSERVATION Cash Flow Statement As at 30 June 2022 21121 Cash.ggn8ra￿I frun OFerat#xts 16 Cash Ilty*s in¥¢stin9 Xti¥il•s'. Payments to acwire targi* frAed asseis DhvkYeTrYs aThY rterest fr￿ Inveslrn￿ts 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 equfvale￿S 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 t*Èn pryul Tr *cOrda￿ wrth FnancAI RepthYJ Stsndard 102 'The Fina￿￿¥ Ret¢rfbTrJ SiaTh*rd 4¥At&*)è UK aThJ ReFth1￿ ol IrelaThl" and ￿ Cc¥npanps Act tr4t rwJuli*il)erits of Si0￿-_ charit￿ leffectNe 1 Jan(w 20151. The finanual staiwnents teen wepar&J ¢ost ¢onvwkn"M &* mcq111￿J by ihe rev4u*"on ofcwfan assats ¥K1 tr* recWKJ) ofcertali a￿1 laixth5 at fair vJue. ae w8s•*J {£) wlxh 15 49) cww¢yforthe charty. Oolng.concern Aftèr re¥￿INj ts eharty's lO￿aSts aThY t*ry rrto cl￿dI￿.¢*I¥ IgNen in1Lat￿m ￿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 tr￿ef￿e to *pt the concem basts in prep3mg its fi)anc*l statements. Judgemenls and key sources ol estwnation uncertainty AcccyJnts"ng esiimales * jud￿* coitnually evahja￿l avj are based on histc￿al •XFWW circurn*ar¢e5. The" jLklg&)ierts lawt frcm I￿)se estrfn*sl have of ap￿YIng fv abcNe acctyjntsw Fdrc*s that have the most eff￿t on arnOL￿ r￿03￿￿e￿ 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￿ ￿e￿Ieany ¢ 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 P￿j Pyrarnml lslarbj Cwtre Isl 0￿r Isb D¢J*le IgaThl lslaThJ charity of laThl to the w of 44 V4a¥w* Roxl. Readiry 85 ts ￿sUV£ of a WL*St f(om. Mr5 Joan Ann Ken￿ty l¢knas•Jl. It rs by .Lar*J Reglsty uTrJ2r numbtr BK130021 in 2011 was v8lu•l at £40>£5CD. Hcvwever. *l.cc6ts of dl￿ are l*ety to exceed ￿ ¥a￿e of Ihe land rtsdf $0 it is Mted in these accounts as of rA) value. (Nrte." L8nd was fom•dy h8kJ jointty together wrth the Na￿(￿1 Birds of Prey Tr￿ Ho*ever. durry 2016 ￿ Natv)nal Birds of Prey Trust was wound up and the Fdnd c￿e mto exclwe of C¢)rts•rvatth, this chwje teirg effective from 17 ALbJLASt 2016.1 INVESTMENTS 2021 At ma*et vai*'. Balance at 1 Juty Add DisFx)s Revajat'on Cash ￿k1 in instynwii 229,2XS 220.533 13,3841 16.8081 13151 12,082 value at 30 Jun• 2￿22 223.45T 229251 Ccst * ￿ June 2022 164,675 163,345 Thè Cha'nty's f(fyirwJ ML¥91￿ 5% of total nveyment k>>trol￿ as at 30 JU￿ 2022." M&GCwale I I￿{1[￿1) Fil Inv Svcs UK FWJ Mb IT￿rne Ne Y Sett 151rw12 M&G Investmert Man Gk*Jal DNt4knJ I Sett 02112113 V￿ta5 Global Ewty I￿ {l￿tI Sett OY12113 Artemis Fd Mrw Inccme I Ir Artemis Fund Manw Gttol Iru¥ne Uits In￿ In¢ COIF £13. £14.930 £15.972 £12,963 £11,294 £12.119 £121.549 STOCKS 2022 2021 . G(K#Js fcf res* . 19.4fj2 33,502 19 FALKLANDS CONSERVATION Notes To The Flnanclal Slatem•nls For the Year Ended 30 June 1022 DEBTORS 2021 Tr*e deLrtc Other debtcrts 5,574 610 .3,911 5,291 610 10,095 11. . CREDITORS: AM￿nts lalllr*J du• wlttrln on• 2021 Trade Cr&J*C￿$ Ots cr8Yitors Accruas def￿r￿j 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 Acc￿nt 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 fu￿1 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.$01 357.601 1347.087) 87.349 714,364 ' The FrAgS Asset Reserve is to" vafv* of ts d￿ritat￿e crynpprfs assets li.¢. tre net v￿ue of £284.W kss woth £32.408. *ss reStrIrt￿ New I￿•d awts wath £38.32S. Set Ncts 71. 20 FALKLANDS CONSERVATION Notes To Th• Financial Stalements" For Ihe Year Ended 30 Jung 2022 12.3 In¢X• 111 210 ES8 FISMP 18.205 .113.279) 44.1 212 An Irwertory of WwKI$ 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 C4Jrrt*w*on Olfw . 3.487 287 48.385 290 F*IWrfJs P4bonwl 198 FC Rp5¢Nt m*l¥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* Consery*on F￿lj 370 Per#j￿n Rehab C8r4re 372 FCO Coms FLThliro 373 T Ship Lswnd Restorn￿oN 374 ESB Se￿*&y crt￿ Sts 375 . FCO S*mDn F￿1￿9 Eq￿pffienl RSPB SF G0vem￿te report Site man•jem￿l Support &leis acqulsftion RSP8 Annual support Oar*in 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 8￿￿￿5$ 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.$03 ' 18.1591 IT.4151 (6.6531 (3651 114,7951. .8311 5.274 701 185.013 109.468 224.650 451.•06 ¢W.3761 194,1Sn WATCH Gffj fortre App¢•l N8w L5￿ThJ LaTrJ and ByikJiw$ (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 fLx*Js 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(xrt1￿n 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 $LW￿l Wy dwnerts to aY¢*8ss crit￿4 knNkndg8 gaps of J¢wRf planb dvwsty in the F*LaThJ lsl•Thts, aTrJ to locls l¢xal decsion rnaking. 217 RSPB Hydro¢arbon$.Poli¢y Fr•)xwt)rks FuThts from ts RSPB to provKJe a$j￿.0n4 r￿IrCeS lo wc¢e5W to SL*wn*4&, wgtivg hy(trwArbon devdcwent in ￿ Fakknj 1slaThts. 2T2 RSPB Slte Manag8n* FuTrJs from the RSPB to adva1￿ twrestrial sre FalkLgr¥J Islands, by Increa&r wc(k on FYc*Jucing and mawent fLY Na￿re ReseThes, athJ￿"0na1 deswJnab)rts ofst8s ar￿rI￿ thè lsl**l 228 Darwin Vlhal• Project Funded ty Da￿1n Pl￿. this ains io thance of sei wh*s aTrJ'ots ba￿en specps in ca￿thIe Key BI(￿Ner￿ty A￿$, by *xpa￿liNj krKwlethJe el gte use, to explo￿ loThJ-temi monitoring apwoaches and exp￿￿1 ￿ht irto t*haV￿r, al to lewj ￿10 ￿1c￿Ma￿"cfft mats to deciso rnakersand s￿￿e￿Ik￿r$ tegardry Co￿3t￿>) aThJ mawert ¢￿$¥j￿81￿$. 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 sc*nirfic mfemiats.on that feeds into a basts government rowdiThJ ts rnan4ement of ¢onfltts t*hveen rap￿ and rural live1￿$ li ￿ FakL4ThY Isknjs. 287 RSPB Marin• Cons•r¥ation oifK•r by ts RSPB to wxyt FC in marKE Kla￿j 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. wh￿h CLvrenYy hèhJ in 40 Jutdee Vilas 298 FC Manag￿￿nI A fund to be f¢y ts rnarowent of re5wve5 futtye reswve wrchas8$. 302 FIDC S•a Litin 151wKI Furthd by Falki8nd lsknts t)eveiynwrt Ctypy*yi. to marja￿￿ent of Sea L*)n Nature Re$￿ve. 303 Propagation Booklet Fur*ts to creat• a prcpagth Brth￿t to érw commw* rnemter3 to have a go at ￿7r& nabv• p￿Nts fty ' recreatLfi 2rKI et0b3￿al restyakn. 308 Springcreek Habitats Funded by Spnn￿r8ek cL￿SelV3￿￿ to uThlértakè munrn￿1a of @antiNJ eflc¥ts as wel as sxovDJ opwrtthty for Watch Gr￿P to get a 9reater urthr*rdrs 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 ur*Jert*e W*tat restoratim lo sityi) eTCffj#￿. on Motsy IslaThJ, wth the h* ofccAnmLmty V￿nteerS 340 WATCH Group s￿1ported by stathtsrd Chartered Bank. this envronmerrtal y￿ThJ IsI￿S alcws them to exFefi8rt0 aThJ kam valL*4>f.thth"r nattjral surr￿￿J￿g5. 355 Ad¥an¢ing Falklands and rtgion4cal• InanagThrt ol globalFy knportant whab popula¢lon$ RecoveriThJ kY)pulats"ons of SCHJtt￿ rwJM wha*s W￿9￿$ ctcur arcuThJ the FalklaThts. Infomied marwerrt dec￿lOn5 *k of kw•teOie of tsr ILXJ ar*J regk)nTrwhJe occurrewe. TNS FWI uses te￿ety. to track I￿￿￿￿1 wh*s. aTrJ t*￿1￿1￿ swveys to ad(kess data 9aps on 0stribub.￿, aburK1￿ct ￿0k￿y. Mawent I￿l￿e a draft SFecw Action Plan. Key 8icMJNersty Area assesynent and ￿C￿￿"on of FthlaTrYs' whale [opulati￿O ty resi￿￿ w￿ators. Cornrnur￿ and st2keholdei erVJwJ￿ne￿t will of managwjent re¢rynm￿dati￿S. Da￿1n 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￿ fl￿fi ts H B Fc#JThJatKJn for u* in conservabon. This srts a5 a rir*f￿￿ tem in rBthctoa fLTh1s F*rn1wYJ d￿C￿￿5 to 370 P¢nguln Rehab Cwtre . A fund establis*Ed with SLWJ1 ffcm roJmttixts wces withn ￿ c*tsKle of Fa￿lar￿ts. to ¥d Ihp C￿StrUction. 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 I￿r h*dat r8dc¥akn a•J manwent work ￿ FC'5 Slip 374 ESB Seaweed Cltlzen Scienc¢ FU￿8d by the FIG ErNironrnentsl ScI￿e knxSA anns to ¥•tiate a crtThi scEwe prqecl that will engage ceffimunty memlers in gthriry more inf￿n￿.￿ ￿ seaweeds that feed baselire ￿forrnatKjn. 375 FCO sal￿￿)1￿ Famlng Equ1Wn￿t FU￿•d by the FCO the aim of this prw is to Ihat wil altN the ￿ch Group to leam att)ut 4uacu*ure ar*Y hw In￿.￿j Il* F*laTrl IslaTrJ5 388 RSPB Salmon Farniln9 Governan￿ report F￿￿e￿ by RSP8. thi5 restnct8Y fuTrJ aims to gJFPJI tt* F¥0J￿1￿)n ¢if irthFeTrYent re¥￿ of gbt81 iTrdwtrial samon famiing govwnarrR & a5xri*gJ rArtreach activtss. Falk￿rn￿ I￿81#￿$ ithye waters are in near prBb'ne concknon and tt*re is litt￿ basehre envir(xYnerrt* data b effethety assess irn￿ts 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 ￿Vernar￿e n trE ￿dltstry. has ￿ Iimrted aq¢Jacutture 9)vemance trxw*ncè in To this it 15 ThPYtant Ihat FJkL8rrJ5 C￿SerVat￿¥), the commLnity arKY th8 govwnmtnt ¥è aware ol curwt govemm of $#kn￿ farmIThj.a￿d ￿ wc¥1d chalknges Ih8t rwJuktrys of InthJ￿ rnay fwR. 23 FALKLANDS CONSERVATION Note5 ToTh• FI￿nCIal Statemerts For th¥ Year ErKlgd 30 Jw*.2022 11 STATEMENT OF FUNDS Icontxiii•d> 390 Si18 Managefflent Support FuThJirwJ Ircffl RSPB to sw inwov&J at F.C sire uKILx*'rq nvasNe . put 401 Islets aequisition Fur¥Js rec•v•d frcffl th• John EIterM￿ FwThyatic￿ C(Ak*fatNe Fu￿1 and RSPB fcff trE of Pebt4e aTrJ Govemment Is*t to bn"TrJ thwn uller C(￿W¥al￿ manwP￿t in Ferr*tuty. Nrw. a5 Wt of thè FalkL4NIs conserVat¢c￿ L•*h)k1irrfJs t￿ te swvwed man•went ln*Nert*Y￿ uThJertak•b. ' The petue and ￿ernrnent bew impwed 85 FW Faki8rth Crypswvaw pJky Tr*ed in 1..10 ab￿•. 414 Unlo¢king Falkland Islands Marine Mana9Th1rt: Key Blodl¥uslty Ar8a5 for sealmrds. The project will *lentfy the first 'Key BKKINersity Arèas, IKBASI for se*irds ard eoastal water birds in the Fakènd Ilants to infwn ts cwrent Management Area IMMAlproce55 fubJre Marin8 Spatial Planrllrs. aTrY ery•3e (*ci5KMpmkn5 of IUCN•knea teth f￿Pract￿l Manag￿efit 423 BEIS Whlt• Grass Blryna Thi5 grant ￿ oifw8J by BEIS (BLtsV￿. lTrJLLStrial Stratetyl as to ts fundiro obtai￿￿ from the D8pathent fty Fcth. arKI Rur￿ Aff*s Darwin PhLS RcMJTrJ 8 f￿.its Pr¢yt Darwin Protect aThJ Restore. It sUpF*)￿ woth alkN4ing to éxpand Ih? set.of schethJ* ol the pwt, al￿1r9 to char￿ter￿e de>£ribè the vanatlty ofatthè gfcyjnd ￿"(￿na$S ccNer•J ty w￿￿ra$S a gr￿J￿nt of graw inter6ty. 435 D*wln: R•¢ognls•, prot•¢L r•stor• . drmng sound stewardshlp.of Falkl•nds ￿￿.W¢t1and¥ cover￿79 over a quarter oflhe Fathland's LaThJ-area, wt-wUaThts s swrficwt fw carbon 5tor•3e, . ecctsystwn funcb"on. aFTd Ihe rnp￿tsnt habit*S. fauna aTrJ Ih)ra it HaMat anLI sryl 105t. are ongci threats to our ￿3t.we￿￿￿s ecc6yStems. exaC¢￿￿j by a lack of wh￿h 5rte.ba¥8J prclects)n and management conservatKJn. Prqect luTrJaJ by Darnin Plw. wll resur( in ￿￿np￿onS of nationa￿ "Vulrerable. peat-weU*NJ ecc6ysths. ￿￿￿c￿Ment ol asses9n￿l lork8nd-managers. and mulbmedm outyts that Ir￿￿ drive ¥dUab￿ f¢x18Str9 ¢onserniation benefit. 447 ESB cola￿n$ Rod¥st Fund8d by FIG Environmental lry t￿ estatrAthnent of nai￿￿8¢ Rèd Ltsts forthè Falkland I￿￿)dS and in the % $Fe¢V￿ of thal have in w*r5 around the Fakland 151ands. 453 RSPB l%Thale support Furnls rec￿V￿ from RSPB to trAvards shwr¥J of FC'S re•4 swvey tx)at fr￿ UK Its Ihe Fa￿L?￿J& in of thè Darww) PILS IDPLUS1261 kwt blknj 'AdvarKry FthlaTrJ5 afKI ryin-scafe marnagement olglc*>alty IMP￿tsnt whale 467 RSP8.. Policy and Cawta Equipmnt support to Falklands C•nser¥ation FuTrJed ty RSP8, ts fuThts ¥e dir￿￿ as Sl￿P￿1 to Fa￿1￿ Conseryatscn to covw 3 ¢Jffewt areas.. InRcfr review. 486 Darwin Nl Restoration FU￿ by Darwn PKJS. IhB wJbJ crynF*te s*p5 necewry.for a p*rtsl f￿r. specEs er&Jutk)n pr¢)Jramme erw Isknts Goverrment ￿ CCffjrn￿ty to securt surp)rt for New I￿aTr#S Wterrn restoralK 701 N•w Island Furnls 1hro￿h ts Mew Tnst INICTI F4kW C¢wrv¥bM. ror ts CcMr¥th"￿ aTrJ Marr4￿￿errt of NeAt L4w*J. 701 New Island Land and Buiklin9S LaTrl an¢J 8uiW pro¥id*J t￿Olty lh• M8r9W New IslaTh1 CLywvath Tr￿t INICT) FalkkirKIs 24 FALKLANDS CONSERVATION Notes To Thg FlnanGial Statements For the Year Ended 30 Jur* 2022 12A Caw Endowment Fund Balanc• ¥t 30Ju . Thè abjve ca￿1 was creabj c*J chwty in 1￿. frryn was to chase certain freth)kJ LaThJ. aThJ ts it1w￿$ kst&Y in N¢*e 7 with exceptDn of Hawk's Nest PL￿d wh￿h was donabj separatety at a *r ¢ate. Thè balar￿e was transf￿r￿ ￿ 20J1 frcrn ￿ okj charty to charrta￿e ¢￿[￿ny. cc*Ber¥at*￿. fdlowr#J ts Ira￿f¥ gf W tsup. 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Oth•r N•t Total Rest￿ted 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 actI￿t*S1 Ad]ustsn¢nts for: Dweckatk)n charges l$th aCquth"(￿ imwmient Divthnds and interest Ircm tyTreslmwts Lossesllgainsl investsnerts Ilncr•aseyde¢rèase in I1[￿rea$ey￿6c￿a$e in d￿l￿S 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 0￿rating actlvlu 328.608 66.050 17. SUBSEQUENT EVENTS 25