CHEETAH CONSERVATION FUND - UK
Charity Number 1079874
FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2023
| CONTENTS | Page |
|---|---|
| Trustees' Annual Report | 2 |
| Report of the Independent Examiner | 5 |
| Statement of Financial Affairs | 6 |
| Balance Sheet | 7 |
| Notes to the financial statements | 8 |
1
CHEETAH CONSERVATION FUND - UK
TRUSTEES' ANNUAL REPORT
The Trustees present their report and the financial statements of the Cheetah Conservation Fund - UK ( “the Charity” ) for the year ended 28 February 2023.
LEGAL STATUS AND TRANSFER TO CHARITABLE INCORPORATED ORGANISATION (CIO)
The Charity is an unincorporated organisation and its governing document is the Declaration of Trust dated 16 February 2000.
TRUSTEES
The Trustees who served the Charity during the period were as follows:
Giles Clark Katie Clements Dr Jane Galton Spencer Phillips Laurence Morgan Philip Wale
OBJECTIVES OF THE CHARITY
The Charity undertakes to promote for the public benefit the conservation and protection of the cheetah and other predators, and the ecosystems of their natural habitats, including local communities where humans and cheetahs co-exist, through the provision of grants to affiliated Cheetah Conservation Fund organisations in Africa for conservation, education, research and promoting bio-diversity.
ORGANISATION
The Charity works in association with Cheetah Conservation Fund Namibia (CCF Namibia), a registered voluntary trust in Namibia and the Cheetah Conservation Fund Somaliland (CCF Somaliland). The Charity also collaborates closely with Cheetah Conservation Fund USA and other international affiliates in Canada and Europe, all dedicated to raising funds for cheetah conservation.
RESERVES POLICY
The Trustees have considered their policy on financial reserves in light of the planned activity of the Charity and have concluded that they should have as a minimum the equivalent of three months' operating expenditure available in reserve.
INVESTMENT POWERS AND RESTRICTIONS
The Trust Deed permits any investments comprised in the trust fund to be held in the name of any clearing bank, any trust corporation or any stock broking company which is a member of the Stock Exchange as nominee for the Trustees and to pay any such nominee reasonable and proper remuneration for acting as such.
REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS
The Charity has focused its activities on raising awareness of the plight of the cheetah and fundraising to support CCF’s cheetah conservation work in Namibia and in other cheetah range countries, as well as providing funds to CCF Somaliland for implementing activities in the Horn of
2
CHEETAH CONSERVATION FUND - UK
Africa to reduce the illegal wildlife cheetah pet trade and human wildlife conflict. Funds are also provided for the care of cheetah cubs confiscated from this trade.
The Charity’s work is managed by volunteers, including the Executive Director, and consultant. In order to build our fundraising income, CCF UK appointed an experienced fundraising consultant in July 2022 to focus on building major donor, grant and corporate portfolios, and an individual giving consultant was hired in October 2022 to build our individual donations. This was in addition to our social media/digital consultant.
Volunteer numbers reached a peak of 49 in 2020/21 but as the country opened up again after COVID-19, the number reduced to 35 during 2022/23, with an active cadre of 19, some being members of the Senior Management Team. They supporting event as well as conducting their own fundraising activities. The Charity also expanded its’ youth programme (from 24 in 2021 to 34 in 2022), which provides online conservation education to budding conservationists through our Cheetah Cubs Clubs. All volunteers and consultants work remotely, with no overheads, allowing the majority of funds raised to be sent to Africa for direct work on the ground.
We raised a total of £133,332 in 2022/23 from individual giving, events, foundations, corporates, and legacies. We sent £50,000 to CCF Namibia for the Livestock Guard Dog programme, farmer training, education outreach and residential cheetah care, £61,378 to CCF Somaliland for farmer and ranger training, cheetah care and veterinary products and £2,398 to Mara Meru cheetah project in Kenya.
The Charity increased awareness of the plight of the cheetah and increased followers across all social media platforms: 29% on Facebook, 46% on lnstagram, 15% on Twitter and 116% on LinkedIn. Social media was also instrumental in recruiting volunteers and participants for events, as well as supporting donor engagement and growth, and fundraising.
The Charity won small grants from UK Trusts and Corporate Foundations including one that used virtual classrooms in Namibia that engaged 32 schools and 2,834 learners in conservation and ecology workshops. We also built additional partnerships with small corporates
The Executive Director is an integral member of CCF’s Global International Illegal Wildlife Trade (IWT) team successfully supporting proposals for affiliated CCF organisation’s DEFRA IWT Challenge Fund grants. CCF UK is also a member of the DEFRA Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) Liaison Group, which includes the Big Cat Task Force.
GRANT MAKING POLICY
Requests for grants are reviewed and approved by the Chair and Board of Trustees. Grants are provided for cheetah conservation, education, farmer training and research into cheetah behaviour, reproduction and ecology as well as for general upkeep and welfare of orphaned cheetahs.
TRUSTEE SELECTION
Trustees are identified by members of the board and their inclusion is subject to a vote in accordance with the Trust Deed.
REVIEW OF MAJOR RISKS
The Trustees have considered risks and feel that risk management policies currently in place are sufficient.
3
CHEETAH CONSERVATION FUND - UK
PUBLIC BENEFIT STATEMENT
When planning our activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit.
CHARITY'S PRINCIPAL ADDRESS
Cheetah Conservation Fund UK c/o 46 Abbot’s Ride, Farnham, Surrey, GU9 8HZ
Approved by the Trustees on 2 August 2023 and signed on behalf of the Trustees by
Spencer Phillips
Chairman
4
CHEETAH CONSERVATION FUND - UK
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE CHEETAH CONSERVATION FUND-UK
I report on the accounts of the Cheetah Conservation Fund - UK for the year ended 28 February 2023, which are set out on pages 6 to 9.
Respective Responsibilities of the Trustees and the Independent Examiner
The Trustees are responsible for the preparation of the accounts; you consider that an audit is not required this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to: examine the accounts under section 145 of the 2011 Act;
-
i. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011Act; and
-
ii. to state whether particular matters have come to my attention.
Basis of the Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention which gives me cause to believe that in any material respect:
-
the accounting records were not kept in accordance with Section 130 of the 2011 Act; and
-
the accounts did not accord with the accounting records;
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Thomas Walker
ICAEW number 4291499
5
CHEETAH CONSERVATION FUND - UK
STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 28 FEBRUARY 2023
| Unrestricted | Restricted | Total | Total |
||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds |
||
| Note | 2023 | 2023 | 2023 | 2022 |
|
| INCOMING RESOURCES | |||||
| Donations and legacies | 2 | 98,850 | 34,472 | 133,322 | 339,564 |
| Interest receivable | 3 | 205 | - | 205 | 12 |
| TOTAL INCOMING RESOURCES | 99,054 | 34,472 | 133,527 | 339,576 |
|
| RESOURCES EXPENDED | |||||
| Raising funds | (42,595) | - | (42,595) | (44,500) |
|
| Charitable expenditure: | |||||
| Charitable activities | 4 | (83,212) | (30,563) | (113,775) | (236,276) |
| Governance | 5 | (682) | - | (682) | (2,886) |
| TOTAL RESOURCES EXPENDED | (126,489) | (30,563) | (157,053) | (196,808) |
|
| NET (OUTGOING)/ INCOMING | |||||
| RESOURCES FOR THE YEAR | (27,435) | 3,909 | (23,526) | 55,915 |
|
| Balances brought forward | 128,679 | 2,586 | 131,265 | 75,350 |
|
| Balances carried forward | 101,244 | 6,495 | 107,739 | 131,265 |
The notes on pages 8 and 9 form part of these financial statements
6
CHEETAH CONSERVATION FUND - UK
BALANCE SHEET AS AT 28 FEBRUARY 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| CURRENT ASSETS | |||
| Cash at bank | 105,581 | 130,241 | |
| Balance on Paypal account | 2,158 | 1,798 | |
| Accrued income | - | - | |
| TOTAL CURRENT ASSETS | 107,739 | 132,039 | |
| CURRENT LIABILITIES | |||
| Accrued expenses | - | (775) | |
| TOTAL ASSETS LESS CURRENT | 107,739 | 131,265 | |
| LIABILITIES | |||
| FUNDS | |||
| Restricted | 7 | 6,495 | 2,586 |
| Unrestricted | 101,244 | 128,679 | |
| TOTAL FUNDS | 107,739 | 131,265 |
These financial statements were approved by the members of the Board of Trustees on 2 August 2023 and were signed on their behalf by
Spencer Philips
Chairman
The notes on pages 8 and 9 form part of these financial statements
7
CHEETAH CONSERVATION FUND - UK
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2023
1. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by 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) and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS102.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular reasons. The cost of raising and administering such funds are charged against the specific fund.
Incoming resources
All incoming resources are accounted for on a receipts basis. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. Donated products and services are included as income at their estimated value and a corresponding amount included in charitable activities. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered. Fund raising costs are those incurred in seeking voluntary contributions and include the cost of disseminating information in support of charitable activities. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
Going concern
At the time of approving the financial statements the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the accounts on a going concern basis.
2. DONATIONS AND FUNDRAISNG
| Donations Legacies |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 57,850 34,472 92,322 128,544 41,000 - 41,000 211,019 |
|---|---|
| 98,850 34,472 133,322 339,564 |
8
CHEETAH CONSERVATION FUND - UK
NOTES TO THE FINANCIAL STATEMENTS VEAR ENDED 28 FEBRUARY 2023
| 3. INTEREST RECEIVABLE Bank interest 4. CHARITABLE ACTIVITIES CCF Namibia CCF Somaliland Mara Meru Kenya 5. GOVERNANCE Expenses Bank charges |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 205 - 205 12 21,257 28,743 50,000 124,697 61,378 - 61,378 110,119 577 1,821 2,398 1,460 |
|---|---|
| 83,212 30,564 113,775 236,276 |
|
| 510 - 510 1,289 172 - 172 1,597 |
|
| 682 - 682 2,886 |
6. TRANSACTIONS WITH TRUSTEES
One trustee, Dr Jane Galton, received £1,595 (2022: £1,655) during the year for reimbursed fundraising costs and administration expenses.
7. RESTRICTED FUNDS
| Education Kenya cheetah support Livestock guard dog programme Reducing Illegal Wildlife Trade Total |
Balance at 28 February 2022 Incoming resources Resources expended Balance at 28 February 2023 75 5,000 (5,000) 75 220 2,020 (1,821) 420 - 6,000 - 6,000 2,291 21,452 (23,743) - |
|---|---|
| 2,586 34,472 (30,563) 6,495 |
9