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2023-06-30-accounts

Registered number: 03968699 Charity number: 1081455

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

CONTENTS

Page
Trustees' report 1 - 8
Independent auditors' report 9- 11
Statement of financial activities 12
Balance sheet 13
Statement of Cash Flows 14
Notes to the financial statements 15 - 26

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit their annual report and the financial statements of the Whitley Fund for Nature (the Charity) for the year ended 30 June 2023. The Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019.)

OBJECTIVES AND ACTIVITIES

Purposes and aims

The Charitable objects of the Charity, as set out in its Memorandum of Association, are that of: (1) Promoting conservation, preservation and restoration for the public benefit of the world's animal, bird, fish and plant life, and its industrial, urban, rural, natural and marine environments of ecological or scientific importance, and its natural resources; (2) To advance the education of the public in natural history, environmental studies, ecology and conservation in industrial, urban, rural, and marine environments; (3) Relieve the suffering of animals of any species which are in need of care and attention and assist in the provision of veterinary services for animals whether in captivity or otherwise.

To meet these charitable objects , the Whitley Fund for Nature (WFN) is a fundraising and grant-giving nature conservation charity offering recognition, training and grants to support the work of proven grassroots conservation leaders across the Global South. The charity has the following objectives and activities:

  1. To find, recognise and fund the work of proven grassroots leaders in countries rich in natural resources but lacking in financial resource directed to conservation. The charity achieves this by granting Whitley Awards - prestigious, high profile, competitively awarded grants of one year’s project funding – at an annual Ceremony in London.

  2. To champion and repeat fund effective winners , by:

  3. a) Granting competitively awarded Continuation Funding of up to £100,000 for a period of up to two years, which helps previous Whitley Award winners sustain and scale their conservation work.

  4. b) Granting an annual Whitley Gold Award to a previous Whitley Award winner who has made consistent and outstanding contributions to conservation.

  5. To support the replication and growth of conservation solutions , by:

  6. a) Enabling knowledge sharing between winners, supporting and organising field visits, trainings, networking events, and fostering collaboration on projects under its Winner Network Development programme.

  7. b) Making introductions between Whitley Award winners and external NGOs, providing alumni references and nominations, communicating opportunities and sharing information about winners’ achievements to help past Whitley Award winners access further funding and awards.

  8. c) Acting as a champion for evidence-based conservation and as co-chair for a Conservation Evidence Working Group to encourage the wider use of evidence in conservation practice and decision making, facilitating the growth of effective conservation solutions.

  9. To raise awareness of the work of winners and spread the message that we can all make a difference to the conservation of wildlife and wild places , by:

  10. a) Providing regular updates of winners’ progress on our website, social media, and through newsletters and donor reports.

  11. b) Leveraging publicity generated by the annual Whitley Awards Ceremony, arranging media training for the winners, and providing PR support to winners throughout the year focused on positive storytelling to boost winners’ profile, highlight conservation issues and secure media coverage of winner’s work in the UK and internationally.

  12. 1 -

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

Grant Making Policy

Grants are awarded based on existing and potential positive impact on conservation and local communities, and follow formal application processes. They are given to nationals of countries across the Global South where funds are hardest to raise but have the biggest impact for biodiversity conservation, people and climate. Whitley Awards, worth £40,000 in funding over one year, are applied for by an annual deadline and are assessed by an academic panel with a range of conservation expertise. The Judging Panel then selects the finalists and interviews each finalist before making decisions to grant the Whitley Awards. These projects are monitored through six and twelve month formal reports, reviewed by WFN’s Head of Grants. Whitley Awards come with a substantial boost in profile, communications training and PR support. The annual Gold Award, a one to two year grant of up to £100,000, is given to a previous winner, chosen by the Director and Trustees in recognition of the recipient’s outstanding contribution to conservation.

Continuation Funding grants, which include a specific stream to fund projects implementing nature-based solutions that address biodiversity loss and climate change simultaneously and working alongside communities, are up to £100,000 and are available exclusively to past Whitley Award winners. These grants have a separate application process, where applicants submit an initial concept note, which is reviewed by WFN’s Head of Grants and Director. Top applicants are invited to submit a full proposal, and awardees are chosen by the Head of Grants, Director, and external assessors, and approved by the Trustees. Continuation Funding can be given over one to two years, and is generally paid in two installments. The Charity requires annual formal reporting to monitor projects and ensure funds are utilised appropriately. Where it is considered that a project for which a two year grant has been awarded is not meeting these criteria the second payment may be withheld.

In 2023 a new pool of funds was made available enabling past winners to apply for financial support to pursue legal aspects associated with their projects and a separate pool was also established to provide small bursaries allowing winners to build knowledge and capacity by attending relevant training courses and conferences or by meeting fellow Whitley Award alumni to exchange ideas or work collaboratively.

Public Benefit

When reviewing the charity’s aims and objectives, in planning future activities, and when setting the grant making policy for the year, the Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit, and the duties set out in Section 17(5) of the Charities Act 2011, including the guidance “Public Benefit: Running a Charity (PB2).”

The charity supports effective community and science-based conservation action which protects the wild places and processes on which wildlife and people rely for food, breathable air, and clean water. The benefits extend not just to halting and reversing wildlife decline and climate change, but working with communities for humanitarian benefit, projects also address human poverty using strategies that encourage economic growth, enable sustainable development, provide education, livelihood skills and address a range of social needs. The charity advances the education of the public by highlighting the threats to our natural world and demonstrating the value of practical, community-led initiatives to conserve it.

Volunteers

WFN is grateful for the effort of those who are involved in the execution of its events and for the support from other volunteers for their time in undertaking administrative tasks at busy times. No assessment has been made of the financial value of such support.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

Fundraising Practices

Approach to fundraising

The Whitley Fund for Nature believes in upholding the highest standard of principles in respect of fundraising. Many donors are good friends of the charity, with whom a close, professional relationship is maintained. WFN’s Head of Partnerships manages relationships with the Major Donors, often family and charitable trusts who have supported the charity’s work over the years. Additionally, the Head of Partnerships looks to build connections with new donors through an informed, respectful approach, either reaching out when introduced by one of the charity’s current donors or contacts or through a formal proposal process, always adhering to guidance set out by the Charity Commission and Fundraising Regulator. The charity also occasionally holds a fundraising and/or donor relationship building event, which allows supporters to engage more closely with the work of the charity’s grantees, while supporting it through ticket sales and voluntary donations.

The Whitley Fund for Nature does not use a professional fundraiser or commercial participator for its fundraising purposes.

Fundraising standards

The charity performs no canvasing, street fundraising, or public fundraising campaigns, but is aware of the Code of Fundraising Practice set out by the Fundraising Regulator and as members works to ensure it complies with the code in its daily operations. WFN provides a generous budget for staff training, which the Head of Partnerships and other staff have used to attend fundraising-specific training over the past years to ensure they are well-equipped to fundraise professionally and in-line with industry standards. In preparation for the May 2018 General Data Protection Regulation, the charity reviewed the ways in which supporters are contacted and how their personal data is stored and processed. Two staff members have received data protection training, monitor compliance and regularly share their learnings with the other staff. The charity has implemented processes to gain informed consent from its supporters to inform them how their data is stored and used, and how the charity contacts them. The charity’s Privacy Policy is publicly available on the charity’s website and has been shared with all supporters.

Having no commercial or professional fundraisers acting on its behalf, there has been no need to monitor fundraising activities outside the charity. The charity is not aware of any failure on its part to comply with the Code of Fundraising Practices as set out by the Fundraising Regulator. The charity supports the work of the Regulator and pays its annual levy.

Helping supporters, addressing complaints, protecting vulnerable people and the public

No complaints have been received about the charity’s fundraising practices. All contacts are asked whether they’d like to opt in or out of phone and email marketing communications and supporters are contacted only when necessary or desired. The charity does not practise door to door fundraising or target the general public with largescale marketing or fundraising campaigns. The Head of Partnerships and Director have a close relationship with the Major Donors and many of the charity’s other supporters, practicing respect and keen judgement, and never engaging in fundraising activities with anyone thought to be vulnerable. The charity never places undue pressure on any person to support its work, financially or otherwise, and respects every person’s privacy and right to donate as they wish. WFN has a Safeguarding Policy, reviewed annually, which outlines the charity’s commitments to protecting the safety and welfare of the individuals with whom it works alongside, and this is shared with all staff members upon joining the charity.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

ACHIEVEMENTS AND PERFORMANCE

At the 2023 Whitley Awards Ceremony in April, six Whitley Awards winners (out of 68 completed applications) were granted £40,000 each; 2014 Whitley Award winner Shivani Bhalla was the WFN alumnus selected by the Director and Trustees to receive the £100,000 Gold Award. Total Continuation Funding (including Nature Based Solutions) totalling £725,280 was awarded to thirteen former winners in late 2022. Note 20 of the Financial Statements provides a list of all winners awarded grants during the financial year.

During the calendar year 2023, past winners achieved some important gains for conservation, and highlights of these are shared in the charity’s Winner Achievements report which is published annually. 2023 is also the charity’s 30[th] Anniversary and has used the occasion to evaluate its impact over the period since its founding by publishing a 30 Year Impact Assessment Report. While concentrating on the impact that winning a Whitley Award had on the winners themselves and the impact that these winners have had on wildlife conservation since winning the Award, the report also highlighted that the charity had raised £30m income during its 30 year history and had used £27m of this to undertake charitable activities, £21m of which was by way of direct conservation grants.

The Charity reviews its fundraising plans and targets at the three Trustee Board Meetings held during the year and at a team Away Day, normally held annually, adapting to the needs of the organisation and its winners. FY22/23 saw the addition of six new major donors (those giving £20,000 and above) and several existing major donors increase their level of giving. Recent plans to attract new key donors to support the awards ceremony and the winner network development programme have proved successful, enabling the first inperson regional winner training event to take place in Kenya in summer 2022 bringing together 14 Africabased winners for a week of learning exchange, networking and ideas sharing based on their stated need and own experiences. At the end of the financial year a discrete Small Bursaries Fund has been established to support winner’s professional growth, build capacity, and share knowledge to strengthen their conservation work independently and in collaboration with other Whitley alumni. A further fund has also been set up, thanks to the generosity of an individual donor, to support the investigation of specific legal aspects associated with their projects.

Wider public interest to potentially new supporters and to those who may benefit from greater awareness of the charity’s aims and activities is also being generated through the charity’s website and social media. Media coverage for the 2023 winners reached audiences around the world, with over 244 print, broadcast, and online pieces of coverage about winners between the 2023 ceremony and 30 June 2023. X (formerly Twitter (@WhitleyAwards)) impressions were, on average over 25,000 per month with the average number of people reached through Instagram and Facebook each month being over 9,000 and 10,000 respectively, while the website (www.whitleyaward.org) was visited by 90,000 users over the year.

Factors affecting the Achievement of Objectives

Focus on the fundraising strategy and an increase and realignment of staff resources resulted in donations exceeding £2m for the first time, which in turn enabled the new winner network development initiatives to be pursued and increased the amount available for winner grants in future years. The number of applications for Continuation Funding in 2022-23 was below that of recent years but total grants awarded in the year still exceeded £1m. It is expected that continuation funding will return to a level over £1m in the next financial year.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

FINANCIAL REVIEW

Review of the Year

Donations and total income were both more than 20% higher than in the previous year. Conversely total expenditure fell by 13% as a consequence of the lower demand for Continuation Funding. The level of resources invested in fundraising and winner support activities both increased year on year.

There was therefore an excess of income over expenditure amounting to £650,617 in the financial year. At 30 June 2023 total funds had risen by that amount to £3,049,333 of which £329,796 is restricted and will be used to award Continuation Funding grants and to support development of the Winner Network. All other funds are unrestricted but the Trustees have designated a further £2,262,843 (see note 17 of the financial statements) for future Whitley Awards, Continuation Funding grants and winner bursaries and to fund a future Awards Ceremony and other events, particularly those planned for the charity’s 30[th] anniversary. In total, £1.75m was available for future Continuation Funding at 30 June 2023 and no fund was in deficit at that date.

Reserves policy

The Trustees recognise the major risk is a fall in income from donations and have set a policy so that the grants programme and the activities to support it are protected in the short term. The minimum level of reserves the Trustees have established is sufficient to allow the charity to grant the customary number of annual Whitley Awards plus one Gold Award at the following year’s Award Ceremony and for the charity to continue operating and to be able to finance fundraising activities and other planned events for one year.

Such a policy requires total reserves of £1,169,884, being £340,000 for the Whitley Awards, £118,490 for the Award Ceremony and £711,394 for the operating, fundraising and planned events costs. Of the £1,169,884, £88,000 will be funded from restricted funds and the remaining £1,081,884 from unrestricted funds. Total unrestricted funds at 30 June 2023 were £2,719,537 of which £1,637,653 was designated for Continuation Funding. With remaining funds at £1,081,884 the Trustees are of the opinion there are sufficient reserves for the Charity to run efficiently and meet its objectives in the immediate future.

Going concern

The Trustees are of the opinion that the assets and reserves of the Society, in the light of its committed income, expenditures and cash flows, are adequate to support its on-going activities and obligations. However, if donation income were to fall significantly, the Trustees would look to use some of the charity’s reserve to maintain its grant giving programme, or alternatively reduce the level of Continuation Funding awarded until income levels recovered.

Principal funding

Thirty-one donors gave £20,000 or more during the year under review, with six giving £100,000 or over. There is no single principal funder. WFN has enjoyed growing success during its 30 year history and every donor has been extremely important.

Investment policy and objectives

The Charity has only bank deposits on which it seeks to achieve a competitive interest rate as funds are generally only held for short term needs.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

Principal risks and uncertainties

The Trustees have a risk management strategy comprising: an annual review of the principal risks facing the Charity; and, the establishment and implementation of procedures to mitigate the risks and to minimise any potential impact on the Charity. As an organisation with no endowment funding, being reliant upon annual support from its donors, the review has identified that medium term financial sustainability is a major risk to being able to maintain charitable activities. A further identified risk is the potential reputational damage of receiving donations from inappropriate sources. As a result, future income is uncertain and the ability to retain existing and attract new donors may be limited and cause income to fall, which is contrary to the charity’s ambition to increase income and meet increasing winner need.

Plans & strategies for managing the risks

The charity’s strategy has been prepared with consideration to these risks and the Trustees regularly review the Charity’s financial position and its impact on its charitable activities. Wherever possible the Charity seeks to secure donations and other funding for periods of more than one year to improve sustainability and the Trustees have also established a reserves policy, including the establishment of designated funds, which further mitigates the effect of a reduction in voluntary income in the short term. To reduce the level of risk from receiving donations from inappropriate sources the trustees have introduced a donor acceptance policy which includes the requirement to subject all potential donations over £20,000 to due diligence procedures.

Plans for the future

The charity will continue the strategy established in 2022 which sets an ambition to increase what it offers to support the growing network of winners around the world. This support is both through increasing amounts of grant funding available by Continuation Funding, and through scaling up the Winner Network Development programme, which facilitates networking, trainings, collaborative projects and mentorship opportunities for Whitley Award alumni, to build capacity and maximise collective conservation impact. To meet these objectives, it was determined that annual income would need to rise to £3m by 2025, scaling up incrementally every year and that team capacity needed to be increased to achieve it. This has been done and the first year targets of increased income and an enhanced winner network development programme have been met. In year 2 (2023-24) an income goal of £2.6m has been set and the winner network training programme has been extended through a training workshop for South American winners in Brazil and by the establishment of a Small Bursaries Fund to support winner’s professional growth, build capacity and share knowledge to strengthen their conservation work independently and in collaboration with other Whitley alumni. In recognition of the charity’s 30[th] Anniversary a week of special events was organised in November which showcased the work of the selected Gold Award winners, demonstrating not only the challenges they face and how they approach them, but also the opportunities they see given the growing public awareness of climate change and biodiversity loss which, it is expected, could lead to greater funding available for conservation. A People for Planet Summit was open to the public and addressed a series of key issues of current concern and interest. Additionally, an anniversary dinner attended by the Gold Award winners was held both to celebrate the relationship the charity has with its current loyal donors and to encourage and develop new relationships with potential donors. A special Next Generation event also took place to recognise and harness the growing interest in the environment by young people and how the charity might stimulate that interest.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Charity is governed by its Memorandum of Association dated 10 April 2000 and is constituted as a charitable company limited by guarantee, incorporated on 10 April 2000. It is a registered charity, number 1081455. The members of the company are the Trustees. In the event of the Charity being wound up, the liability of each member in respect of the guarantee is limited to £1.

Trustees are responsible for achieving the charity’s objectives and have delegated day to day responsibility for administering the Charity to the Director. All major grants must be authorised by at least one Trustee.

Method of Appointment and Induction of Trustees

Trustees are elected and co-opted under the terms of the Articles of Association. When seeking new Trustees, the existing Trustees would look to appoint someone who was already familiar with the work of the Charity and/or active in the field of conservation. Once appointed the Trustees would mentor the new Trustees and encourage them to attend Trustee meetings regularly where possible and familiarise themselves with the objectives of the Charity. Each Trustee is advised of the policies and procedures of the Charity.

Related parties and relationships with other organisations

Three Trustees were connected to other organisations from whom the Charity received donations during the year to 30 June 2023. These related party transactions are disclosed in Note 19 to the Financial Statements. Grants or donations received from related parties are generally for a period of one year after which the grant use has to be reported formally to the donor. Subsequent grants are separately awarded and reported upon.

Remuneration policy for key management personnel

The Trustees set and review annually key management personnel’s pay and remuneration. In coming to decisions they take into account the aims and values of the Charity, the strategic plan and the ability to pay, individual competencies and performance, remuneration levels at similar charities, and retention. These factors are not exclusive and any decision will inevitably include an element of discretion.

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees E.J. Whitley Esq, OBE. (Chair) Sir David Attenborough – resigned 4 May 2023 Lady Catherine Faulks I.K. Lazarus Esq D. J. Martins Visitacao Esq F.J. Sullivan Esq. Director Ms D. Parks (on maternity leave August 2022-July 2023) Deputy Director Ms V. Thompson (Acting Director from August 2022-July 2023) Company registered number 03968699 Charity registered number 1081455 Registered office Calder & Co 30 Orange Street London, WC2H 7HF Auditors Calders (1883) LLP Statutory Auditor & Chartered Accountants 30 Orange Street, London, WC2H 7HF Bankers CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill West Malling, Kent, ME19 4JQ

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

Statement of responsibilities of the trustees

The Trustees (who are also directors of the Whitley Fund for Nature for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company and charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the provisions of the Companies Act 2006. It has also been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to our auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

Calders & Co were re-appointed as the auditors of the Whitley Fund for Nature at the Annual General Meeting in December 2022 and have expressed their willingness to continue in that capacity.

This Trustees’ annual report has been approved by the Trustees on 11 December 2023 and signed on their behalf by;

Edward Whitley

………………..……………………..

E. J. Whitley Esq, OBE. – Trustee

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WHITLEY FUND FOR NATURE

OPINION

We have audited the financial statements of The Whitley Fund for Nature (the ‘charitable company’) for the year ended 30 June 2023 which comprise The Statement of Financial Activities (incorporating income and expenditure account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WHITLEY FUND FOR NATURE

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion :

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ responsibilities statement set out on page 8, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE WHITLEY FUND FOR NATURE

With regards to laws and regulations relating to the operating aspects of the charitable company, these were discussed with management and were not considered fundamental to the operating of the charity therefore should not have a material impact on the financial statements.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

USE OF OUR REPORT

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Calders(1883)LLP

Philip Ewen (Senior statutory auditor) for and on behalf of Calders (1883) LLP Statutory Auditor and Chartered Accountants 30 Orange Street London, WC2H 7HF

Date: 11 December 2023

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 30 JUNE 2023

Note
INCOME FROM:
Donations and legacies
3
Other trading activities
4
Investment income
5

Total Income

EXPENDITURE ON:
Raising Funds
6

Charitable activities:
7
Conservation grants
Support of Winners

Total Expenditure

NET INCOME / (EXPENDITURE) FOR THE YEAR
& NET MOVEMENT IN FUNDS9

RECONCILIATION OF FUNDS:
Total funds brought forward

TOTAL FUNDS CARRIED FORWARD
 Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
751,861
1,509,877
-
150
-
41,315
_ __
751,861
1,551,342
_ __
45,733
118,959
370,254
788,762
240,178
88,700
_ __
656,165
996,421
_ __
95,696
554,921
234,100
2,164,616
____
___
329,796
2,719,537
__
__
 Total
Funds
2023
£
2,261,738
150
41,315
___
2,303,203
___
164,692
1,159,016
328,878
___
1,652,586

___
650,617
2,398,716
___
3,049,333
_____
 Total
Funds
2022
£
1,830,993
60,625
2,152
__
1,893,770_
_
144,392_
1,495,560
251,724
__
1,891,676
__
2,094_
2,396,622
_
2,398,716_
__

The detailed 2022 comparative Statement of Financial Activities is reported in note 2.

The notes on pages 15 to 26 form part of these financial statements.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

BALANCE SHEET AS AT 30 JUNE 2023 COMPANY NUMBER 03968699

Note
£
FIXED ASSETS
Tangible Fixed Assets
13
CURRENT ASSETS
Debtors
14
147,572
Cash at bank and in hand
15
3,453,857
___
3,601,429
LIABILITIES
Creditors: amounts falling due within one year
16
560,470
_
NET CURRENT ASSETS

TOTAL ASSETS LESS CURRENT LIABILITIES
TOTAL NET ASSETS
FUNDS
Restricted funds
17
Unrestricted funds
17
Designated funds
2,262,843
General funds
456,694
______
Total Unrestricted funds

TOTAL FUNDS		 2023
£
£
8,374

60,278
3,169,472
_
3,229,750_
831,034
_
3,040,959
______

3,049,333

3,049,333

329,796
1,651,749_
512,867

_
2,719,537
_____

3,049,333		 2022
£
-
2,398,716
__
2,398,716
2,398,716
234,100
2,164,616
__
2,398,716

The financial statements are prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Trustees on 11 December 2023 and signed on their behalf by:

Edward Whitley

E. J. Whitley Esq, OBE – Trustee

The notes on pages 15 to 26 form part of these financial statements

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2023

Note
2023
£
Net cash provided by/(used in) Operating Activities (see below)
253,538
Cash Flows from Investing Activities
Interest Income received
41,315
Acquisition of tangible fixed assets
(10,468)
Net cash provided by/(used in) Investing Activities
30,847
Change in cash and cash equivalents in the year
284,385
Cash and Cash Equivalents at the beginning of the year
3,169,472
Total Cash and Cash Equivalents at the end of the Year
15
3,453,857
Reconciliation of net income/expenditure to net cash flow from operating activities
2023
£
Net income/(expenditure) for the year (as per the statement of
financial activities)
650,617
Adjustments for
Interest income
(41,315)
Depreciation
2,094
Decrease (Increase) in debtors
(87,294)
Increase (Decrease) in creditors due within one year
(270,564)
Net cash provided by/(used in) Operating Activities
253,538		 2022
£
8,399
2,152
-
2,152
10,551
3,158,921
3,169,472
2022
£
2,094
(2,152)
-
(2,955)
11,412
8,399

The notes on pages 15 to 26 form part of these financial statements

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity has taken advantage of the special provisions relating to small companies as set out in the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

1.2 Going concern

The accounts are prepared on a going concern basis after consideration by the trustees that there are no material uncertainties about the charity’s ability to continue as a going concern. Such consideration includes a review of committed income and expenditures, cash flows and reserves. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

1.3 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are funds which the donor has specified are to be used solely for particular areas of the charity’s work or for specific projects being undertaken by the charity.

The aim and use of each designated fund and of each restricted fund is set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably .

Grants and donations are recognised as income in the year in which the donor states the funds should be expended. Where no such statement is made the income is recognised in the year in which it is receivable. Income received in advance of the specific period in which it is to be used is deferred until the criteria for income recognition are met.

Investment income is recognised when receivable and the amount can be measured reliably by the charity.

1.5 Donations of services and non-monetary gifts

Where services or other non-monetary gifts are provided to the charity as a donation, the contribution is recognised as income based on the value of the gift, being the amount the charity would have been willing to pay to obtain an equivalent economic benefit; a corresponding amount is then recognised in expenditure in the period of receipt. The value of services provided by volunteers is not included.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES …. continued

1.6 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount can be measured reliably.

Grants expended are recognised in the year they are awarded, unless specific conditions are attached; such grants being recognised as expenditure when the conditions are fulfilled. Awards and grants made subject to conditions which have not been met at the end of the financial year are not accrued as expenditure, but are noted as a commitment. Multi-year grants which are payable in more than one installment are fully accrued as expenditure at the time they are made subject to the exception set out above.

Expenditure is classified under the following activity headings:

through specific matched funding arrangements with partners

and the costs of resources, including allocated support costs, required to assess the applications for, and to monitor and evaluate the use of, such grants.

▪ Supporting winners, being the community of Whitley Award winners assisted by the charity through a number of activities including the annual awards ceremony. Costs which are attributable to a specific activity are charged directly to that activity. Costs which are shared between a number of specific activities are charged directly to those activities based on the amount of time or usage incurred in undertaking each of the specific activities.

1.7 Allocation of support and governance costs Support and governance costs are incurred to further the work of the charity but are not incurred directly for raising funds or carrying out charitable activities. These costs, which are analysed in the notes to the financial statements, are allocated between the cost of raising funds and expenditure on each charitable activity based on the weighted average amount of time undertaken by the charity as a whole on those activities.

1.8 Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the Net Income/(Expenditure) for the year.

1.9 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment and furniture

Leasehold improvements are written off over the remaining period of the lease at the time the assets are acquired.

Individual fixed assets costing below £1,000 are not capitalised.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES …. continued

1.10 Fixed asset investments

Investments which will not mature within 12 months of the Balance Sheet date are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted price. Any change in fair value is recognised in the statement of financial activities.

1.11 Debtors

Accrued income is recognised where funds in respect of the financial period being reported have been received or invoiced after the Balance Sheet date. Prepayments are recognised where payments, in respect of future financial periods have been made prior to the Balance Sheet date.

1.12 Current asset investments

Cash on deposit and cash equivalents with a maturity of less than one year but more than six months which are held for investment purposes rather than to meet short-term cash commitments are recognised as current asset investments, initially at their transaction value and subsequently measured at their fair value as at the Balance Sheet date.

1.13 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of six months or less from the date of acquisition or opening of the deposit or similar account.

1.14 Creditors

Creditors and provisions are recognised at their invoiced amount including VAT. Accruals are based on agreed costs (including VAT) for services received prior to the Balance Sheet date but not invoiced before that date; where an expense has not been agreed and estimate of the final settlement amount (including VAT) is made.

Deferred income representing grants, donations and sponsorship or other support received in advance of the financial period for which a donor has stated the funds should be expended is recognised at the settlement value received.

1.15 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.16 Pensions

Employees are “auto enrolled” into a defined contribution pension scheme from which they may opt out. The charity’s only liability is the monthly contribution calculated as a proportion of the employee’s qualifying earnings during the period of employment at the charity. The cost of such contributions is recognised as a staff cost and charged directly or allocated to the cost of raising funds or expenditure on charitable activities in line with the policies described in notes 1.6 and 1.7 above.

1.17 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities (incorporating income and expenditure account) over the lease term in accordance with the schedule of payments set out in the lease.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

2. Detailed comparatives for the statement of financial activities

Restricted
Funds
Unrestricted
Funds
2022
2022
£
£
INCOME FROM:
Donations and legacies
380,969
1,450,024
Other trading activities
-
60,625
Investment income
-
2,152
_ __
Total Income
380,969
1,512,801
_ __
EXPENDITURE ON:
Raising Funds
22,427
121,965
Charitable activities:
Conservation grants
315,780
1,179,780
Support of Winners
84,087
167,637
_ __
Total Expenditure
422,294
1,469,382
_ __
NET INCOME / (EXPENDITURE) FOR THE YEAR & NET
MOVEMENT IN FUNDS
(41,325) 43,419
RECONCILIATION OF FUNDS:
Total funds brought forward
275,425
2,121,197
____
___
TOTAL FUNDS CARRIED FORWARD
234,100
2,164,616

 Total
Funds
2022
£
1,830,993
60,625
2,152
___
1,893,770
___
144,392
1,495,560
251,724
___
1,891,676
___
2,094
2,396,622
___
2,398,716

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

3. Income from donations and legacies

3. Income from donations and legacies
Donations and Gift Aid from Charities, Trusts
and individuals
2022
4. Income from other trading activities
Consulting and introduction fees
Commissions from merchandise sales
Proceeds from fundraising events

2022
5. Investment income
Interest receivable on deposits
2022		 Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
751,861
1,509,877
_
_
380,969
1,450,024
_
_
Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
-
-
-
-
-
150
___
___
-
150
_
_
-
60,625
_
_
Restricted
Funds
Unrestricted
Funds
2023
£
2023
£
-
41,315
_
_
-
2,152

 Total
Funds
2023
£
2,261,738
_
_1,830,993
_
Total
Funds
2023
£
-
-
150
_______
150
_
60,625
_
Total
Funds
2023
£
41,315
__
_2,152
 Total
Funds
2022
£
1,830,993
_
Total_
Funds
2022
£
9,449
300
50,876
___
60,625
_
_Total
Funds
2022
£
2,152
____
__


__
__
__ __

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

6. EXPENDITURE ON RAISING FUNDS

Restricted
Funds
2023
£
Staff costs
18,464
Fundraising event costs
-
Donor relationship building
-
Purchase of merchandise
-
Support & governance costs_(note 8)
27,269
____
45,733
____
_2022 22,427
_
7.
EXPENDITURE ON CHARITABLE ACTIVITIES
Restricted
Funds
2023
£
Conservation grants
Staff costs
17,897
Grants awardednumber: 20; (2022: 23)
325,080
Support & governance costs(note 8)
27,277
__
_Grants awarded are listed in Note 20
370,254
_
_2022
315,780
_
Support of Winners
Staff costs
68,335
Awards Ceremonies
100,000
Winners’ Network development costs
40,424
Support & governance costs(note 8)_
31,419
____
240,178
_
_2022
84,087
_
Total Expenditure on Charitable Activities
610,432
_
2022
399,867
 Unrestricted
Funds
2023
£
81,233
3,462
4,989
-
29,275
____
118,959
_
121,965_
_
Unrestricted
Funds
2023
£
31,799
740,200
16,763
____
788,762
____
_1,179,780
_
50,340
12,822
6,228
19,310
____
88,700
_
167,637
_
877,462
_
1,347,417
 __
_
_

_
_
_
_

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

8. SUPPORT & GOVERNANCE COSTS

SUPPORT & GOVERNANCE COSTS
Total Total
2023 2022
£ £
Staff costs 55,314 52,242
Support costs
Premises costs 48,918 35,322
Office relocation expenses 23,795 -
Staff related expenses 3,359 9,564
Office costs 9,662 14,072
Bank charges 4,243 3,360
Governance costs
Audit fee 2,500 2,300
Auditor’s fees for non-audit services 2,889 3,497
Trustee Awayday expenses - 1,663
Legal fees 633 360
____ ____
Total Support & Governance costs 151,313 122,380

Allocation of Support & Governance costs

All costs (including shared staff costs assigned on an assessment of employee time) which can be identified as having been incurred for a specific activity are reported as a direct cost of that activity. Remaining support and governance costs are allocated between the charity's activities on the basis of the weighted average staff time spent on each activity, as follows

Restricted
Funds

2023
£

Raising Funds
27,269
Conservation Grants
27,277
Support of Winners
31,419

____
85,965
_
2022 44,978_

__
9.
NET INCOME / (EXPENDITURE) FOR THE YEAR
This is stated after charging:
Auditors’ remuneration
Operating Lease rentals - property
Depreciation		 Unrestricted
Funds
2023
£
29,275
16,763
19,310
____
65,348


Total
Funds
2023
£
56,544
44,040
50,729
____
151,313
_
122,380_
__
2023
£
2,500
26,730
2,094
 Total
Funds
2022
£
45,499
39,557
37,324
___
122,380_
_
2022
£
2,300
26,250
-
______
_
77,402_
___ ___


_

10. TAXATION

The charity is exempt from tax on its charitable activities.

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

11. STAFF COSTS AND NUMBERS AND TRUSTEE REMUNERATION

Staff costs were as follows:
Wages and salaries
Social security costs
Pension contributions to defined contribution pension scheme		 2023
£
290,481
25,658
7,243
___
323,382
____
2022
£
261,923
23,154
5,548
____
290,625

The following number of employees received employee benefits (excluding employer pension contributions) during the year between:

2023 2022
£ £
£60,000 - £69,999 - -
£70,000 - £79,999 - 1

The total employee benefits including pension contributions of the key management personnel, comprising the Director and Deputy Director were £82,102 (2022: £121,765).

Staff Numbers

The average monthly number of staff and full time equivalent staff (FTE) during the year was as follows:

2023 2023 2022
Total FTE Total FTE
No. No. No.
 No.
Raising Funds 2.5 2.4 2.0 1.9
Charitable Activities:
Conservation Grants 1.5 1.2 1.2
 1.0
Support of Winners 3.5 2.7 2.3
 2.3
Support & Governance 1.9 1.5 1.5
 1.2
______ ______ ____ ____
9.4 7.8 7.0 6.4

Trustee remuneration

During the year no Trustee received any remuneration or benefits in kind (2022 - £nil), nor did any Trustee receive payment for professional or other services supplied to the charity (2022 - £nil). During the year Trustees were reimbursed expenses which totalled £nil (2022 - £nil).

12. OPERATING LEASE COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
Commitments at 30 June:
Property:
Under 1 year 31,415 8,158
1-5 years 45,859 -

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

13. TANGIBLE FIXED ASSETS Leasehold Total
Property
£ £
COST
Balance brought forward - -
Additions – office partitioning 10,468 10,468
___ _
Balance carried forward 10,468 10,468
__ ___
DEPRECIATION
Balance brought forward - -
Charge for the year 2,094 2,094
___ ___
Balance carried forward 2,094 2,094
__ ___
Net Book Value at 30 June 2023 8,374 8,374
__ ___
Net Book Value at 30 June 2022 - -
_ _ ___
14. DEBTORS 2023 2022
£ £
Accrued income 117,622 41,680
Other debtors 11,915 6,250
Prepayments 18,035 10,188
Trade debtors - 2,160
_____ _____
147,572 60,278
__ _____
15. ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise short term bank deposits with a maturity date of six
months or less at the balance sheet date, bank current accounts and cash in hand.
At 1 July Cash flows At 30 June
2022 2023
£ £ £
Bank current accounts and cash in hand 24,098 14,893 38,991
Deposit accounts available on demand 3,145,374 269,492 3,414,866
Total cash and cash equivalents 3,169,472 284,385 3,453,857
16. CREDITORS: Amounts falling due within one year 2023 2022
£ £
Grants payable 532,800 806,200
Trade creditors 10,235 1,598
Taxation, social security and pension contributions 9,819 8,990
Accruals 7,616 14,246
_____ _______
560,470
______		 831,034
______

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

17. FUNDS & SUMMARY OF FUND MOVEMENTS

Year ended 30 June 2022
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Grants and Bursaries
Award Ceremonies & Other Events
Total Designated Funds
GENERAL FUND
Total Unrestricted Funds
RESTRICTED FUNDS
The Whitley Animal Protection Trust
Arcus Foundation
The Evolution Education Trust
Rabelais Trust
The Rufford Foundation
Kilverstone Wildlife Charitable Trust
Total Restricted Funds
TOTAL FUNDS- year to 30 June 2022
Year ended 30 June 2023
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Grants and Bursaries
Award Ceremonies & Other Events
Total Designated Funds
GENERAL FUND
Total Unrestricted Funds
RESTRICTED FUNDS
The Whitley Animal Protection Trust
Arcus Foundation
The Betterway Foundation
The Buxton Legal Support Fund
The Evolution Education Trust
The Hempel Foundation
Rabelais Trust
The Rufford Foundation
Kilverstone Wildlife Charitable Trust
Total Restricted Funds
TOTAL FUNDS- year to 30 June 2023		 At 1 Jul
2021
Income
Expend-
iture
Transfer
At 30 Jun
2022
£
£
£
£
£
1,305,999
1,204,519 (1,124,775) 161,006 1,546,749
95,000
93,250
(96,925) 13,675 105,000
1,400,999
1,297,769 (1,221,700)
174,681 1,651,749
720,198
215,032
(247,682) (174,681) 512,867
2,121,197
1,512,801 (1,469,382)
-
2,164,616
95,000
132,475
(145,000)
-
82,475
33,500
74,340
(84,640)
-
23,200
78,500
60,000
(78,500)
-
60,000
68,425
80,500
(80,500)
-
68,425
-
30,000
(30,000)
-
-
-
3,654
(3,654)
-
-
275,425
380,969
(422,294)
-
234,100
2,396,622
1,893,770 (1,891,676)
-
2,398,716
At 1 Jul
2022
Income
Expend-
iture
Transfer
At 30 Jun
2023
£
£
£
£
£
1,546,749
1,090,766
(740,200) 80,338 1,977,653
105,000
26,312
(19,050) 172,928 285,190
1,651,749
1,117,078
(759,250)
253,266 2,262,843
512,867
434,264
(237,171) (253,266) 456,694
2,164,616
1,551,342
(996,421)
-
2,719,537
82,475
110,000
(137,475)
-
55,000
23,200
-
(23,200)
-
-
-
325,000
(277,509)
-
47,491
-
90,000
(13,500)
-
76,500
60,000
-
(40,000)
-
20,000
-
111,381
(49,001)
-
62,380
68,425
80,500
(80,500)
-
68,425
-
30,000
(30,000)
-
-
-
4,980
(4,980)
-
-
234,100
751,861
(656,165)
-
329,796
2,398,716
2,303,203 (1,652,586)
-
3,049,333

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

17. FUNDS & SUMMARY OF FUND MOVEMENTS cont’d

The designated funds relate to those grants and donations received to provide Whitley Awards and Continuation Funding; this also includes funds given for general purposes which are designated for awards when the General Fund exceeds the level to satisfy the Trustees’ reserves policy. These funds are transferred back so that the General Fund always equals the amount required by the reserves policy. Further amounts have been designated to cover the cost of the following year’s Award Ceremony and the planned 30[th] Anniversary events as well as to establish a £20,000 Small Bursaries Fund available to winners to exploit knowledge and capacity building opportunities.

The restricted funds arise from:

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Debtors
Cash at bank and in hand
Creditors due within one year

Tangible fixed assets
Debtors
Cash at bank and in hand

Creditors due within one year

 Restricted
Funds
2022
£
Unrestricted Funds 2022
Designated
£
General
£
-
35,428 24,850
336,100
2,330,521 502,851
(102,000) (714,200) (14,834)
______
_______ _ ___
234,100
1,651,749 512,867
_
__
__
Restricted
Funds
2023
£
Unrestricted Funds 2023
Designated
£
General
£
-
-
8,374
-
17,000
130,572
442,696
2,665,743
345,418
(112,900)
(419,900) (27,670)
_________________
_ ___
329,796 2,262,843
456,694










Total
Funds
2022
£
60,278
3,169,472
(831,034)
_________
2,398,716
_
Total
Funds
2023
£
8,374
147,572
3,453,857
(560,470)
________
3,049,333

THE WHITLEY FUND FOR NATURE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

19. RELATED PARTY TRANSACTIONS

During the year the charity received: a donation of £110,000 (2022: £132,475) from the Whitley Animal Protection Trust where E.J. Whitley OBE is a Trustee; funds of £10,000 (2022: £10,000) from the LJC Fund where Lady Faulks is a Trustee; and, a donation of £5,000 (2022: £10,000) from the Points Family Charity where FJ Sullivan is a Trustee

20. GRANTS MADE TO ORGANISATIONS REPRESENTED BY (WINNERS):

Whitley Awards
Shivani Bhalla (Gold Award)
Kenya
Leonard Akwany
Kenya
Yuliana Bedolla
Mexico
Serge Kamgang
Cameroon
Mamy Razafitsalama
Madagascar
Albert Salemgareyev
Kazakhstan
Tulshi Suwal
Nepal

Continuation Funding
Ilena Zanella
Costa Rica
Çağan Şekercioğlu
Turkey
Lindy van Hasselt
South Africa
Rachel Ikemeh
Nigeria
Yokyok Hadiprakarsa
Indonesia
Gladys Kalema-Zikusoka
Uganda
Caleb Ofori-Boateng
Ghana
Juliette Velosoa
Madagascar
Diego Amorocho
Colombia
Rosamira Guillen
Colombia
John Kahekwa
D.R.Congo
Bohdan Prots
Ukraine
Pablo Hoffmann
Brazil
TOTAL GRANTS MADE
Unpaid amounts of multi-year grants are reported in Note 16.		 2023
£
100,000
40,000
40,000
40,000
40,000
40,000
40,000
___
100,000
75,000
75,000
70,300
70,000
70,000
70,000
70,000
35,000
35,000
35,000
15,000
4,980
___

 2023
£
340,000
725,280
__

1,065,280
___		 2022
£
340,000
1,063,854
_____
1,403,854
_