R•glst•red number: 03968699 Charlty num￿r. 1081455 WFN SIIPPORTIMG CONSERVATION LEAOERS THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 THE WHITLEY FUND FOR NATURE (A company limited by guarantee) CONTENTS Pag6 Trustees. report Independent audllors. report 9- 11 Stalement of financlal actlvltle• 12 8alanc• shoel 13 Statement of Cash Flows 14 Notes to th• financlal stat•m•nts 15-26 THE WHITLEY FUND FOR NATURE (A Company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Truslees. who aré also directors of thè Charity for the purposes of the Companies Act, subrnit their annual rèport and the financial statements of the Whitley Furid for Nature (the Charity) for Ihè yèar end8d 30 June 2024. The Trustees confirm that the annual report and financial statements of Ihe Charity comply with current ststutory requirements. the requirements of the Charitys goveming d(Kument 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 lh6 UK and Republic of Ireland (FRS 102) (effective 1 January 2019.) OBJECTIVES AND ACTIVITIES Purpo$•s and alms The Charitable objects of the Charity, as set out in its Memorandum of Association. are that of.. {1) Promoling conservation, preservation and resloration for the public benefit ol the world's animal, bird. fish and plant life, and ils industrial, urban, rural, natural and marine environrnenls of ecological or scientific importance, and its natural resources: (2) To advance the education of the public in natural hislory. environmental studies, ecology and conservation in industrial, uthn. rural, arKI marine environments: (3) Relieve the suffering of animals of any species which are in need of care and attention and assisl in the provision of veterinary sepiices for animals whether in capiivity or otherbvise. To meet these charitable objects. the Whitley Fund for Nature (WFN) is a fundraising and grant giving nature conservation organisation which works to hall and reverse the loss of Earth's biodiversity and wild places. working alongside local people to create 8 future where communities and wildlife thrive together on a healthy planet. We achieve our rnission by: 1. Provlding funding, recognition and tralnlng to proven gra•sroots conservatlon leaders working across the Global South. a) The charity achieves this by granting Whitley Awards prestigious. high profile. competitively awarded granis of one year's project funding - ai an annual Ceremony in London, with speech and media training gNen. 2. Supportlng the growth and scale up of Impactful conservatlon solutlons. a) Granting competitively awarded Contsnuation Funding of up to £100,LK)O for a period of up to ￿v0 years, which helps previous Whilley Award winners sustain and scale their conservalion work. b) Granting an annual Whilley Gold Award to a previous Whitley Award winner who has made consistent and outslanding contributions lo consepiation. c) Enabling knowledge sharing between winners, supporting and organising field visits, Irainings, networking events, and fostering collatK)ration on projects under its Winner Network Development programme. d) Making introductions between Whttley Award winners and extemal NGOS. providing alurnni references and norninalions. communicaling opportunrties and sharing Information ab￿t winners. achievements to help past Whitley Award winners access further funding and awards. 3. Ralslng the proflle of conservatlonlsts. work and thelr ablllty to effect posttlve envlronmental change. a) Prov￿Ing regular updates of winners, progress on our website. sodal medla. and through newsletters and dorKX reports. b) Leveraging publicty 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, hTrghl￿ht conseNallon Issues and secure media coverage of wlnnerfs work in Ihe UK and internationally. THE WHITLEY FUND FOR NATURE (A Company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 Grant Maklng Pollcy Grants are awarded based ￿ existing and potents'al positive irnpact on consorvatw)n and I(￿1 communities, and folk)w fomial applicats'on processes. They are given to nationals of countries across the Gk>bal South where funds are hardest lo raise but have Ihe biggest irnpacl for biodiversity conservation, people and clirnate. Whitley Awards, worth £50,000 in funding over one year, are applied for by an annual deadline and are assessed by an academic panel wilh a range of conservation expertise. The Judging Panel then selects the finalists and interviews each finalist before making deasTrons to granl the Whitley Awards. These projects are rnonitored through six and twelve month fomial rerx)rts. reviewed by WFN'S Head ol Grants. Whilley 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 conseprfation. Continuation FurKJing grants are up to £100.000 and are available exclusNely to past Whitley Award winners. These grants have a separate applicalbon process, where applicants submit an initial concept note, which is reviewed by WFN'S Head of Grants and Director. Top applicanls are invited lo submit a full proposal, and awardees are chosen by Ihe Head of Grants, Director, and extemal 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 Ihal a project for which a two year grant has been awarded is nol meeting these criteria the second paym6nl may be withheld. To further support Whitley Award alumni. two addits'onal pools of fufKling are available - the first enables past winners to apply for financial support to pursue legal aspects associaled with their projects and the second provides small bursaries allowing winners lo build knowledge and capacity by attending relevant training courses and conferences or by meeting fellow Whitley Award alumni to exchange ideas or work collaboratively. Publlc Beneflt When reviewing the charity's aims and objecttves, In planning ftrture activities, and vthen settlng the grant making policy for the year, the Trustees confirm that they have referred to the guidance contained in the Charty Commission's general guidance on public benefft, and the duties set oul in Section 17<5> of the Charities Act 2011. induding the guidance "Public Benefit.. Running a Charity (PB2)." The chartty supports effective ¢omrnunty and science-based conservaiion actlon which protects the wild places and processes on which wildlrfe and people rely for food. breathable air, and clean water. The benefits extend not just to halting afKI reversing wildlrfe decline and climate change. but working with communities for humanitarlan benefit, projects also address human povety using strategies that encourage economic grovrth. enable sustainable development. provide education, livelihood sknlls and address a range of soclal needs. The charity advances the educatTron of the public by highluhling the threais to our natural world and demonstrating the value of practs'cal, cornmunty-led initiatives to conserv8 it. Volunteern WFN is grateful for the effort of those who affj invofved tn Ihe execution of its events and for the support from olher volunteers for Iheir lime in undertaking administrative tasks al busy limes. No assessment has been made of Ihe financial value of such supp(￿. THE WHITLEY FUND FOR NATURE (A Company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 Fundralslng Practlces Approach to fundralslng The Whitley Fund for Nalure believes in upholding the highest standard of principles in respect of fundraising. Many donors are good friends ol Ihe charity. with whom a close. professional relationship is maintained. WFN'S Head of Partnerships manages relationships with Ihe Major Donors. often lamily and charitable Irusls who have supported the charity's work over Ihe years. Addrtionally. the Head of Partnerships looks to build connections wilh new donors through an infomied. respectful approach. eilher reaching out when introduced by one of the charity's current donors or contacts or through a formal proposal process. always adhering lo guidance set out by Ihe Charity Commission and Fundraising Regulator. The charity also holds a fundraising andlor donor relationship building eveni annually. which allows supporters io engage more closely with the work of the charity's grantees, while supporting it through licket sales and voluniary donatTrons. The Whitley Fund for Nature does not use a professional fundraiser or commercial participator for its fundraising purposes. Fundral8lng standards The charlty performs no canvasiTrJ. street fijndraising. or large 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 lo ensure they are well-equipped to fundraise professionally and in-line with industy standards. In preparation for Ihe 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 contscts them. The charity's Privacy Policy is publidy available on the charity's website and has been shared wrth all supporters. Having no commercial or professional fundraisers acting on its behalf. there has been no need to monitor fundraising activities OLrtside the charity. The charty is nol 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 Regulalof and pays its annual levy. Helplng supporters. addmslng complalnls. protectlng vulnerable people and the publ1¢ No cornplaints have been receNed 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 rèlalionship with the Major tk>nors and many of the charity's Othèr supporters, practicing respect and keèn judgement. and never engaging in fundraising activitie5 With anyone thought to be vulnerable. The charity never placès 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 thè charity's commitments to protecting the safety and welfare of the individuals with whom it works alongside, and this is shared wth 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 2024 ACHIEVEMENTS AND PERFORMANCE At the 2024 Vlhitley Awards Ceremony in May, six Whitley Awards winners (out of 98 completed applications) were granted £50,000 each; 2017 Whitley Award winner Pumima Bamian was the WFN alumnus selected by the Director and Trustees to receive the £100.000 Gold Award. Conts'nuation Funding lotaling £1.4 million was awarded to slxteen former winners In early 2024 - 8 record level for the charity. This includes £19,000 given to five alumni lo support the investigation of speafic legal aspects associaled wilh their projects through an additional fund available lo pasl winners established thanks to the generosity of an individual donor. Note 21 of the Financial Statements providès a list of all winners awarded grants during Ihe 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 was also the charity s 301h Anniversary and it used the occasion lo evaluate its irnpact 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 conservalion since winning the Award, the report also hKJhlighted Ihat the charity had raised £30m incorne during its 30 year history and had used £27m of this lo undertake charitable activities, £21 m of which was by way of direct conser¥ation grants. The Charity reviews its fundraising plans and targets at the three Trustee Board Meetings hekl during the year and every few years at an Away Day, adapiing to the needs of the organisation and ils winners. FY23124 saw the charity celebrale its 30th Anniversary, during which it held a series of evenls to mark the occasion. A two. day Biodiversity Summit brought people togelher across sectors to learn from Whrtley Gold Award winners on crucial topics for the future of our planet, educating audiences and attracting new supports: and a dinner with WFN'S Patron HRH the Princess Royal was held at St. James's Palace to thank existing supporters. Through these events and over the year, the charity saw the addition of four new major donors (those giving £20,000 and above) and several existing major donors increase Iheir level of giving. Fundraising success has enabled continued groyrth of the Winner Nelwork Development programme, with the second in-person regional winner training event held in Brazil in August 2023. bringing together 13 Latin America-based winners for a week of peer-tfrpeer leaming exchange, networking and ideas sharing. The first year of the new Small Bursaries Fund has been very successlul and proved popular among alumni, with just over £25,000 total given to enable 13 winners, professional growth. improved capacty, and knowledge sharing to strengthen their conservation work. Wider public interest to potentialty new supporters and lo those who may benefit from greater awareness of the charity s aims and activities is also being generated through the charity's websile and social media. Media coverage for the 2024 winners reached audvances around Ihe world. with over 253 print. broadcast, and online pleces of coverage about winners between the 2024 Ce￿MonY and 30 June 2024. X (formerly Twitter {@VthitleyAwards)) impresslons were, on average over 23.200 per monlh with the average number of people reached through Insiagram and Facebook each month being over 7.600 and 53,200 rospectively, while tho website (www.whrtleyaward.org) was visited by 65,000 users over the year. Factorn affectlng the Achl•v•ment of ObJ•ctlv•s The steady increase in donation income over the last five years has enabled the charity lo invesl in its winner network through higher direct grant giving. including the increase of Whitley Awards to £50.000. and additional support initiatives such as the regional training. Ihe legal support and small bursary programmes. Of specific S￿nIficance during the year were the Anniversary events in Ihe forni of the Biodiversity Summrt and Royal Dinner which delivered both enhanced awareness of topical conservation issues and the expertise and commitment of our winner netrwork as well as an immediate increase in donations received. THE WHITLEY FUND FOR NATURE (A Company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 FINANCIAL REVIEW Revlew of the Year Total income was 140A higher than in the previous year as donations exceeded £2.5m for the first lime and Investment Income rose to almost £110.000 thanks to the increas6 in interesl rates Following a relatively low level in 2023 and as a consequence of increasing the number of continualion funding grants, expenditure rose by over £1 rn In the year. The level of resources invested in fundralslng and winner support activities also both Increased year on year. Expenditure therefore exceeded income in the year by £46.220. AI 30 June 2024 total lunds had fallen by Ihat amount lo £3,003.113 of which £355,856 is reslricted and will be used to award Continuation Funding grants and lo support developrnenl of the Winner Netsvork. All other hjnds are unrestricted bul the Trustees have designated a further £2,083.497 (see nole 18 of the financial statements) for future Whitley Awards, Continuation Funding grants and winner bursaries and to fund a lulure Awards Ceremony. In total, £1.64m was available for future Continuation Funding al 30 June 2024 and no fund was in def￿11 at that date. Ro8oTh•s poIIcy The Trustees recognise the major risk is a fall in incorne from donations and have set a policy so that the grants programrne and the activities to support it are Protected in the short lem. The minimum level of reseNes the Trustees have established is sufficient to allow the charity lo grant the cuslomary number of annual Whitley Awards plus one Gold Award at the following year's Award Ceremony and for the charity to continue operats'ng and lo be able to finance fundraising activities and other planned events for one year. Such a policy requires total reserves of £1.238,230. being £400,0(M) fof the Whitley Awards, £1 $9,470 for the Award Ceremony and £678,760 for Ihe operating, fundraising and planned events costs. Of the £1,238,230, £95,000 will be funded from reslricted funds and the remaining £1,143,230 from unrestricled funds. Total unrestricted funds al 30 June 2024 were £2,647,257 of which £1,499,028 was designated for Continuation Funding. With remaining funds at £1,148,229 the Trustees are of the opinion there are sufficient reserves for Ihe Chanty to run efficiently arKI meet its obj'ectives in the immediate future. Golng conc•rn The Trustees ar8 of the opinion that the assets and reserves of the Society. in the light of its committed income, expendrtures and cash flows, are adequat8 to support its on-going activits'es and obligations. However. rf donation income were to fall Sign￿￿Ant1y, the Trustees would look to use some of the charity's reserve to maintain ils granl giving programme. or allematively reduce Ihe level of Contsnuatson Funding awarded until income levels recovered. Prlnclpal fundlng Thirty donors gave £20,000 or more during the year under review, with five giving £100.000 or over. There is no single principal funder bul the h￿hest single donor gave £500.000 wilh a commitment for the same amount fof a further 4 years.. WFN has enjoyed growing success during ils 30 year history and every donor has been extremely important. Inveslmenl pollcy and objecllves The Chanty has only bank deposits on wh￿h rt seeks lo achieve 8 competrtive 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 2024 Prlnelpal rlsks and uncertaintles The Trustees have a risk rnanagemenl stratw comprising: an annual review of the principal risks facing the Charity; and. the establishment and implementation of procedures to m￿￿al0 the risks and to minimise any potential impact on the Charity. As an organisation with no endowrnenl fijnding, being reliant upon annual support frorn its donors, the review has identified that medium temi financial sustainability is a rnajor risk to being able lo mainlain charitable acts'vilies. A further Klenlified risk is the potential reputallonal damage of receiving donats'ons from inappropriate sources. As a result, future income is uncertain and the ability lo retain existing and attract new donors may be limited and cause income to fall. which is contrary to Ihe charity's ambition to increase ina)me and meet increasing winner need. Plans & strat•gl•s for managlng the rlsks The charity's strategy has been prepared with c Stalement ol Recommended Practice applicable lo charilies preparing their accounts In accordance wlth Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effectlve 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Acl 2006. The charity has taken advantage of the special provisions relating to small companies as set out in the CoMpan￿S Acl 2006. The charity meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cosl or transaction value unless otherwise slated in the relevant accounting policy or note. 1.2 Golng concern The accounts are prepared on a going concern basls after consideratlon by the trustees that there are no material uncertainties about the charity's ability to continue as a going concem. 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 ests'mation uncertainty at the reporting date that have a signtficant risk of causing a material adjuslment to the carrying amounts of assets and liabilities within the next reporting period. 1.3 Fund accountlng Unrestricted funds a￿ available to spend on activities Ihai further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Irustees have decided at their discretion lo set aside to use for a specific purpose. Reslricted funds are funds which the donor has specified are lo be used solely for particular areas of the charity's work or for specific projects being undertaken by the charty. The aim and use of each deslgnated fund and of each restricted fund is set out in the noles to the financial staternents. 1.4 Incomlng rn8ourc08 Income is recognised when the charity has entitlernent lo the funds. any perfomance condilions attached to Ihe income have been mel. il is probable thal the income will be received and that the amounl can be measured reliably. Granls and donations are recognised as irKome in the year in which the donor stales the funds should b8 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. Investmenl income is recognised when receivable and Ihe amount can be measured reliably by Ihe charily. 1.5 Donatlon8 of 8ervlc•8 and non4non•tary glft8 Where serrfices or othef non-moneiary gifts are provided to the charity as a donation, Ihe conlribulion 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 feceipt. The value of seprfices Provided by volunteers is not included. 15- THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES ..-. continued 1.6 Resources expended Expendiiure is recognised once there is a legal or Ix)nstructive obligation to make a payment to a third party, it is probabl& that s8tt18ment will b8 required and the amount can be m8asur8d reliably. Grants expended are recognised in Ihe year they are awarded, unless sp8cific 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 mel al the end ol the financial year are not accrued as expenditure, but are noted as a cornmitmenl. Multi-year granls which are payable in more than one instsiiment are fully acCn￿d as expendilure at the lime ihey are made subject to the exception sel out above. Expendrture is classified under the following activity headings: Raising funds". comprises the costs. induding allocaled support costs, Incurred in seeking donations. funding to support charitable activities and organising fijndraising events Chafiiable activities: cornprises ihe cosi of Grants awarded to c￿servatiOn1$ts out of furKls generaled solely by the charity through specific matched funding arrangements wth 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 communty of Whitley Award winners assisted by the charty through a number of acbvrties including the annual awards ceremony. Costs whid) are attributable to a specffic activity are charged directy to that activty. Costs which are shared between a number of Specif￿ athrties are charged directly to those activities based on the arnount of time or usage incurred in undertaking each of the specific activibes. 1.7 Allocatlon 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 carying out charitable acts'vits'es. These costs. which are analysed in the notes to the financial statements, are allocated behveen the cost of raising funds and expenditure on each charitable activity based on the weighted average amounl of time undertaken by the charity as a whole on those activitles. 1.8 Forelgn Currencles Assets and liabilities in fO￿Ign currencles are translated into sterllng al the rates of exchange rullng al the balance sheet date. Transacb'ons in foreign currencies are Iranslated into sterling al the rale ol exchange ruling al the dale of Ihe transaction. Exchange differences are taken into account in arriving al the Net Incomel(Expendilure) for Ihe year. 1.9 Tanglble flxed assets and depreclatlon Tangible fixed assets are stated at cost less depreciaii(m. D6pr6ciaiion Is provided ai rates calculated to wriie off Ihe cosi of fixed assets, less their esb'maied residual value, over Iheir expected useful lives on the following bases; Office equipment and furniture Stra￿h1 line 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 r￿1 capilal￿d. 25% 16- THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES ..-. continued 1.10 Fixed asset investrnents Investmenls which will not mature within 12 months of the Balance Sheet date aro Initially recognised at their transaction value and subsequenlly measured at their fair value as al the balance sheet date uslng the closing quoted Price. Any change in lair value is recognised In the statement of financial acts'vilies. 1.11 Debtors Accrued income is recognised where funds in respect of the financi81 per￿ being reported have been received or invoiced after the Balance Sheet dale. Prepayments are recognised where payments, in respect of future financial periods have been made prior to the Balarbce Sheet date. 1.12 Current asset Investments Cash on deposit and cash equivalents wrth a maturity of less than one year but more than six months whSch are held for investmeni purposes rather than to meet short-temi cash commitments are recc*Jnised as current assel investments, initially at their transacts.on value and subsequently measured al their fair value as at the Balance Sheet dale. 1.13 Cash at bank and In hand Cash al 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 simllar accounl. 1.14 Credltorn Creditors and provisions are recognised at their invoTrced amount induding VAT. Accruals are based on agreed costs (including VAT) for services received prior lo the Balance Sheel date but not invoiced before Ihal dale: where an expense has not been agreed and eslimate of the final settlement amount (including VAT) is made. Deferred income represenling grants. donations and sponsorship or other support received in advance of the financial period for which a donor has slated the funds should be expended Is recognised at the settlement value received. 1.15 Flnanclal Instruments The charity only has financial ass8ts and financial liabilities of a kind that qualify as basic financial instrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlernent value with the except￿ of bank loans which are subsequently measured at amortlsed cost uslng the effective interest method. 1.16 Penslons Employees are -auto enrolled" into a defined contribution pension scherne from vA)ich they may opt out. The charity's only liability is the monthly contribution calculaled as a proportion of the employee's qualifying eamings during Ihe period of employment al the charity. The cost of such contributions is recognised as a staff cost and charged direclty or allocated lo the cost of raising funds or expenditure on charitable activikn'es 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 Ststement of Financial Activities (incorporating income and expenditure 8c(xwnt) over the lease te￿n in accordance with the schedule of payments set out in the lease. 17- THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 2. Detalled comparatlves for the stalement of flnanclal actlvltles Restrlcted Unrestrlcted Funds Funds 2023 2023 Total Funds 2023 INCOME FROM: Donations and legacies 751.861 1.509.877 2,261,738 Other trading activities 150 150 Investment income 41.315 41,315 Total Income 751,861 1,551,342 2,303,203 EXPENDITURE ON: Raising Funds 45,733 118,959 164,692 Charitable adivities.. Conservation granls SUpp￿t of Winners 370,254 240,178 788,762 88,700 1,159,016 328,878 Total Expendllure 656,165 996,421 1,652,586 NET INCOME I (EXPENDITURE) FOR THE YEAR & NET MOVEMENT IN FUNDS 95,696 554,921 650,617 RECONCILIATION OF FUNDS: Total funds brought forward 234,100 2.164,616 2,398,716 TOTAL FUNDS CARRIED FORWARD 329.796 2.719,537 3,049.333 18- THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 3. Income from donatlons and legacles Rostrlcted Unrn5tr1cted Funds Funds 2024 2024 Totsl Funds 2024 Total Funds 2023 Donations and Gift Aid from Charities. Trusts and indivKluals 575,769 1,935.673 2.511,442 2.261,738 2023 751,861 1,509,877 2,261. 738 4. Incom• from oth•r trndlng a￿1vItIeS Restrlcted Unreslrlcted Funds Funds 2024 2024 Total Funds 2024 Toial Funds 2023 Proceeds from events 14,085 14,085 150 14.085 14,085 150 2023 150 150 5. Inv•stm•nt In¢om• R•strlcted Unrestrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Inte￿st ￿e1vable on deposits 109,713 109,713 41,315 2023 41,315 41.315 19- THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 EXPENDITURE ON RAISING FUNDS Ro8trlcted Unr•8trlcted Funds Funds 2024 2024 Total Funds 2024 Tol81 Funds 2023 Staff costs Fundraising event cosls Donor communications Donof relationship building Consultancy & capacity building Support & govemance costs (note 8) 9.700 116.321 126,021 99.697 3.462 1.230 1.512 2.247 56.544 4,056 4,010 2,604 43,382 4,056 4,010 2,604 60.709 17.327 27.027 170.373 197.400 164,692 2023 45. 733 118.959 164,692 EXPENDITURE ON CHARITABLE ACTivmES Restrlcted Unrestr5cted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Conservatlon grants Staff costs Grants awarded number." 33." (2023." 20) Support & govemance costs (note 8) 30,338 242,880 12,217 43,013 1,599,620 20,571 73.351 1.842,500 32,788 49.696 1.065.280 44.040 Grants 8W8nled are listed in Note 21 285,435 1,663,204 1.948,639 1, 159,016 2023 370,254 788, 762 1,159,016 Support of Wlnnern Staff costs Awards Ceremony People for Planet Summft Winner training Winner bursaries Other Winners. Network development (x>sts Support & govemance cosls (note 8) 59,989 100,000 1.188 27,366 20,000 7,202 21.502 63,426 37,647 153,866 123,415 137,647 155,054 27,366 25,097 9,135 57,707 118.675 112.822 6.228 32.509 5,097 1,933 36,205 7.915 50. 729 237,247 298,174 535,421 328.878 2023 240. 178 88. 700 328.878 Total Expenditure on Charitable Activities 522,682 1,961,378 2,484,060 1.487,894 2023 610,432 877,462 1,487,894 -20- THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 SUPPORT & GOVERNANCE COSTS Total 2024 Total 2023 Staff costs 54,017 55.314 Support costs Premises costs Office relocation expenses Staff related expenses Offic8 Costs Bank charg8S Gov•rnanc• cost• 52,526 48.918 23. 795 3.359 9.662 4.243 13,089 13,998 5,189 Audil fe8 Audilor's fees for non-audrt services Strateqic planning 8V8nt Legal fees 2,500 5.565 1.181 3.139 2.500 2,889 633 Total Support & Govemance costs 151.204 151.313 Allocatlon of Support & Governance costs All costs (Including shared slaff costs assIgr￿d on an assessrnent ol employ68 time) which can b6 identified as having been incurred for a specific a￿1vitY are reFK)rted as a direct cosi of Ihat activity. Remaining support and govemance costs aro albcaied between the charity's activilios on ihe basls of the we¥hted average staff time spent on each activity. as follows Restrlcted Unrestrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Raising Funds Conseprfation Grants Support of Winners 17,327 12,217 21,502 43,382 20,571 36,205 60,709 32,788 57,707 56,544 44,040 50,729 51,046 100,158 151,204 151,313 2023 85. 965 65,348 151,313 NET INCOME I (EXPENDITURE) FOR THE YEAR This is stated after charging: 2024 2023 Auditors, remuneration Operating Lease rentals - property Depreciation 2,500 31,419 2,093 2.500 26. 730 2.094 10. TAXATION The chacity is exempt from tax on fts charltable adivitses. 21 THE WHITLEY FUND FOR NATURE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 11. STAFF COSTS AND NUMBERS AND TRUSTEE REMUNERATION Staff costs were as follows: 2024 2023 Wages and salaries Soclal security cosls Penslon conlrlbutions to defined contribution penslon scheme 338,153 30,856 7,795 290,481 25,658 7.243 376,804 323,382 The following number of employees received employee benefts {exc1L￿1n9 employer pensK contributions) during the year between: 2024 2023 £60,000 - £69.999 £70,000 - £79,999 The total employee benefits including pension contributions of the key managern8nl P6rsonnel, comprising the Dir8Ctor and Deputy Dir8cior wer8 £96,371 (2023: £82,102). Staff Numbers The average monthty number of staff and full time equivalent staff (FTE) durlng the year was as follows: 2024 2023 Total No. FTE fot81 FTE No. No. No. Raising Funds Charitable Activities.. Conseprfation Grants Support of Winners Support & Governance Trustee romuneratlon During the year no Trustee received any remuneration or benefits in kind12023 - £nil), nor did any Trustee receive payment fof professional Of Other services supplied to the charity (2023 - £nil). During Ihe year Trustees were reimburse(l expenses which totalled £nil (2023 - £nil). 12. OPERATING LEASE COMMITMENTS Total future minimum lease payments under non