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← The Whitley Fund For Nature

2025-06-30-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 2025

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 2025

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 2025. 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 organisation which works to halt and reverse the loss of Earth’s biodiversity, working alongside local people to create a world where communities and wildlife thrive together on a healthy planet. We achieve our mission by:

1. Providing funding, recognition and training to proven grassroots conservation leaders working across the Global South.

2. Supporting the growth and scale up of impactful conservation solutions.

3. Raising the profile of conservationists' work and their ability to effect positive environmental change.

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025

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 nature, climate and people. Whitley Awards, worth £50,000 in funding over one year, are applied for by an annual deadline and are assessed by an 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 Grants team. Whitley Awards come with a substantial boost in profile, communications training, PR support, and access to a network of peers. 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 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. 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.

To further support Whitley Award alumni, two additional pools of funding are available – the first enables past winners to apply for financial support to pursue legal aspects associated with their projects and the second provides 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 natural world and processes on which wildlife and people rely for food, breathable air, and clean water. The benefits extend not just to halting and reversing the loss of nature, but working with communities, 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 grassroots, communityled 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 2025

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 and Partnerships Manager jointly manage 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 holds regular fundraising and/or donor relationship building events, 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 large public fundraising campaigns, but is aware of the Code of Fundraising Practice set out by the Fundraising Regulator and as a member 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. The charity processes supporter personal data in line with the 2018 Data Protection Act and UK GDPR. Two staff members have received detailed data protection training, monitor compliance and regularly share their learnings with the other staff, who undertake introductory data protection training. The charity follows 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 2025

ACHIEVEMENTS AND PERFORMANCE

At the 2025 Whitley Awards Ceremony in April, six Whitley Awards winners (out of 119 completed applications) were granted £50,000 each; 2018 Whitley Award winner Olivier Nsengimana was the WFN alumnus selected by the Director and Trustees to receive the £100,000 Gold Award. Continuation Funding totaling £1.3 million was awarded to fifteen former winners in December 2024, to support projects in 25 countries, including four transboundary projects, and covering an area of more than 274,000 km[2] of land and sea. Additionally, a further £12,930 given to four alumni to support the investigation of specific legal aspects associated with their projects through an additional fund available to past winners established thanks to the generosity of an individual donor. Note 21 of the Financial Statements provides a list of all winners awarded grants during the financial year.

During the calendar year 2024, past winners achieved some important gains for conservation, and highlights of these are shared in the charity’s Winner Achievements document which is published annually. This period has seen continued promotion of the charity’s 30 Year Impact Assessment Report, in which WFN alumni reported the following collective success: over 757,000 ha of vital habitat has been restored, 1.3 million people across 44,000 households have gained sustainable livelihood opportunities, 63,000 individuals have been trained in conservation methods and sustainable practices, and 87% of participating winners reported that their project activities have resulted in reduced threats to target ecosystems and wildlife.

The Charity reviews its fundraising plans and targets at the three Trustee Board Meetings held during the year and at an annual Away Day, adapting to the needs of the organisation and its winners. During the year the charity saw the addition of two new major donors (those giving £20,000 and above), the return of five previous major donors and several existing major donors increase their level of giving. Participation in the year’s two Big Give campaigns was very successful generating a combined £350,000 income. Fundraising success has enabled continued growth of the Winner Network Development programme, with the third in-person regional winner training event held in Kyrgyzstan in September 2024, bringing together 12 Asian-based winners for a week of peer-to-peer learning exchange, networking and ideas sharing. Following the success of the Small Bursaries Fund after it was launched in 2024, additional funding was identified in 2024-25 and 31 winners benefitted from a total investment of £60,731 enabling and developing professional growth, improved capacity, and knowledge sharing to strengthen their conservation work.

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 2025 winners reached audiences around the world, with over 421 pieces of coverage about winners with WFN mention between the 2025 ceremony and 30 June 2025 – an increase of 66% on last year’s ceremony coverage. WFN gained 4,205 new followers across LinkedIn, Instagram, Facebook and X (@WhitleyAwards), with 217,200 impressions on LinkedIn and X, a 27% increase on the year prior, and a reach of 432,900 on Instagram and Facebook, a 39% increase on year prior. The website (www.whitleyaward.org) was visited by 64,000 users over the year, staying steady on the previous year.

Factors affecting the Achievement of Objectives

The year saw income maintained at the charity’s record high of £2.6 million the year prior, and provided an opportunity to stabilise and consolidate emerging support initiatives for winners such as the popular small bursaries programme and regional training, while maintaining the record level of direct grant-giving of the year prior.

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025

FINANCIAL REVIEW

Review of the Year

Total income was in line with the record level achieved in 2024 enabling a 25% increase in fundraising costs to maintain and improve future funding levels while continuing investment in grants and other charitable activities. As expected, the level of grants awarded in 2025 decreased to £1.7 million following the record distribution in 2024; however, this remained the second-highest level achieved to date.

Income exceeded expenditure during the year by £40,138. At 30 June 2025, total funds had therefore increased to £3,043,251, of which £378,339 is restricted and will be used to provide Continuation Funding grants and to support the development of the Winner Network. All other funds are unrestricted; however, the Trustees have designated a further £1,950,077 (see Note 18 of the financial statements) to support future Whitley Awards, Continuation Funding grants, and winner bursaries, as well as to fund a Summit and the 2026 Awards Ceremony. In total, £1.45m was available for future Continuation Funding at 30 June 2025 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 £1,475,175, comprising £420,000 for the Whitley Awards, £174,890 for the Awards Ceremony, and £880,285 for operating, fundraising, and planned events costs. Of this total, £100,000 will be funded from restricted funds and the remaining £1,375,175 from unrestricted funds.

At 30 June 2025, total unrestricted funds stood at £2,664,912, of which £1,222,506 was designated for Continuation Funding. The remaining unrestricted balance of £1,442,406 exceeds the identified reserves requirement of £1,375,175. Accordingly, the Trustees are satisfied that the Charity holds sufficient reserves to operate efficiently and to meet its objectives in the immediate future.

Going concern

The Trustees are of the opinion that the assets and reserves of the Charity, 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

Twenty-seven donors gave £20,000 or more during the year under review, with three giving £100,000 or over. There is no single principal funder but the highest single donor gave £500,000 with a commitment for the same amount for a further 3 years.. 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 2025

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 for which expenditure is targeted to be at least 85% of income over the medium term. 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 which 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

Following a strategic review in March 2025, and in the wider context of global funding cuts and intensifying pressure on the natural world, the charity plans to steadily increase support to the growing network of winners around the world and their teams. This includes expanding winner training opportunities and the small bursaries programme, alongside working to increase the amount available for Continuation Funding year-onyear to meet demand. The charity is actively seeking donors to join in partnership to meet these objectives, and is focusing on widening the charity’s reach, further increasing public awareness of its winners and championing grassroots solutions more widely, whilst bringing new audiences and supporters into the fold. In the short term this has been achieved by a second People for Planet Summit in October 2025.

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.

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT contd

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 2025. These related party transactions are disclosed in Note 20 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.

On 1 July 2025, the charity entered into a three-year lease agreement with its Chairman for the provision of office premises.

Remuneration policy for key management personnel

A Remuneration Committee, comprising two trustees and an external advisor, has been established to review annually all pay and remuneration, including that of the key management personnel. The Committee makes its recommendations to the Trustee Board which decides the level of pay and remuneration of all staff. In coming to their recommendations and decisions the Remuneration Committee and Board 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) Lady Catherine Faulks I.K. Lazarus Esq D. J. Martins Visitacao Esq F.J. Sullivan Esq. Ms H Whitley appointed 4 August 2025 Director Ms D. Parks 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 2025

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

Calder & Co were re-appointed as the auditors of the Whitley Fund for Nature at the Annual General Meeting in December 2024 and have expressed their willingness to continue in that capacity.

This Trustees’ annual report has been approved by the Trustees on 15 December 2025 and signed on their behalf by;

Edward Whitley

16/12/25

………………..……………………..

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 2025 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.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

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

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

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

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:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered and undertook the following audit procedures in response:

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

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

As a result of these procedures, we considered the opportunities and incentives that may exist within the charitable company for fraud and identified the greatest potential for fraud in the areas in which management is required to exercise significant judgement. We are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of the material amounts and disclosures in the financial statements.

Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards and Charity Law.

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 business therefore should not have a material impact on the financial statements.

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: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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) 30 Orange Street for and on behalf of London, WC2H 7HF

Calders (1883) LLP

Statutory Auditor and Chartered Accountants Date: 15 December 2025

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 2025

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
2025
2025
£
£
625,643
1,863,038
-
1,564
-
112,086
_ __
625,643
1,976,688
_ __
20,186
229,241
292,366
1,494,760
290,608
235,032
_ __
603,160
1,959,033
_ __
22,483
17,655
355,856
2,647,257
____
___
378,339
2,664,912
__
__
 Total
Funds
2025
£
2,488,681
1,564
112,086
___
2,602,331

___
249,427
1,787,126
525,640

___
2,562,193

___
40,138
3,003,113

___
3,043,251

_____
 Total
Funds
2024
£
2,511,442
14,085
109,713
__
2,635,240_
_
197,400
1,948,639_
535,421
__
2,681,460
__
(46,220)
_3,049,333
_
3,003,113_
__

The detailed 2024 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 2025

COMPANY NUMBER 03968699

Note
£
FIXED ASSETS
Tangible Fixed Assets
13

CURRENT ASSETS
Debtors
14
91,547
Current asset investments
15
-
Cash and cash equivalents
16
3,657,171
___
3,748,718
LIABILITIES
Creditors: amounts falling due within one year
17
709,654
_
NET CURRENT ASSETS

TOTAL ASSETS LESS CURRENT LIABILITIES
TOTAL NET ASSETS
FUNDS
Restricted funds
18
Unrestricted funds
18
Designated funds
1,950,077
General funds
714,835
______
Total Unrestricted funds

TOTAL FUNDS		 2025
£
£
4,187
87,910
1,000,000
2,774,814
_
3,862,724_
865,892
_
3,039,064
______

3,043,251

3,043,251

378,339
2,083,497_
563,760

_
2,664,912
_____

3,043,251		 2024
£
6,281
2,996,832
__
3,003,113
3,003,113
355,856
2,647,257
__
3,003,113

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 15 December 2025 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 2025

Note
2025
£
Net cash provided by/(used in) Operating Activities (see below)
(229,729)
Cash Flows from Investing Activities
Interest Income received
112,086
Disposal/(Acquisition) of current asset investments
1,000,000
Net cash provided by/(used in) Investing Activities
1,112,086
Change in cash and cash equivalents in the year
16
882,357
Cash and Cash Equivalents at the beginning of the year
2,774,814
Total Cash and Cash Equivalents at the end of the Year
16
3,657,171
Reconciliation of net income/expenditure to net cash flow from operating activities
2025
£
Net income/(expenditure) for the year (as per the statement of
financial activities)
40,138
Adjustments for
Interest income
(112,086)
Depreciation
2,094
Decrease (Increase) in debtors
(3,637)
Increase (Decrease) in creditors due within one year
(156,238)
Net cash provided by/(used in) Operating Activities
(229,729)		 2024
£
211,244
109,713
(1,000,000)
(890,287)
(679,043)
3,453,857
2,774,814
2024
£
(46,220)
(109,713)
2,093
59,662
305,422
211,244

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 2025

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 2025

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:

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.

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 - 25% straight 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 not capitalised.

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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 at the Balance Sheet date 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 and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand plus short term deposits with a maturity of six months or less at the balance sheet date.

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 2025

2. Detailed comparatives for the statement of financial activities

Restricted
Funds
Unrestricted
Funds
2024
2024
£
£
INCOME FROM:
Donations and legacies
575,769
1,935,673
Other trading activities
-
14,085
Investment income
-
109,713
_ __
Total Income
575,769
2,059,471
_ __
EXPENDITURE ON:
Raising Funds
27,027
170,373
Charitable activities:
Conservation grants
285,435
1,663,204
Support of Winners
237,247
298,174
_ __
Total Expenditure
549,709
2,131,751
_ __
NET INCOME / (EXPENDITURE) FOR THE YEAR & NET
MOVEMENT IN FUNDS
26,060 (72,280)
RECONCILIATION OF FUNDS:
Total funds brought forward
329,796
2,719,537
____
___
TOTAL FUNDS CARRIED FORWARD
355,856
2,647,257
__
____		 Total
Funds
2024
£
2,511,442
14,085
109,713
___
2,635,240
___
197,400
1,948,639
535,421
___
2,681,460
___
(46,220)
3,049,333
___
3,003,113
____

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

3. Income from donations and legacies

Income from donations and legacies
Donations and Gift Aid from Charities, Trusts
and individuals
2024
Income from other trading activities
Proceeds from events

2024
Investment income
Interest receivable on deposits
2024		 Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
625,643
1,863,038
_
_
575,769
1,935,673
_
_
Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
-
1,564
___
___
-
1,564
_
_
-
14,085
_
_
Restricted
Funds
Unrestricted
Funds
2025
£
2025
£
-
112,086
_
_
-
109,713
_
_		 Total
Funds
2025
£
2,488,681
_
_2,511,442
_
Total
Funds
2025
£
1,564
_______
1,564
_
14,085
_
Total
Funds
2025
£
112,086
__
_109,713
____		 Total
Funds
2024
£
2,511,442
_
Total_
Funds
2024
£
14,085
___
14,085
_
_Total
Funds
2024
£
109,713
____
__
__
__
__ __

4. Income from other trading activities

5. Investment income

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

6.
EXPENDITURE ON RAISING FUNDS
Restricted
Funds
2025
£
Staff costs
5,942
Fundraising event costs
-
Next Gen activities
-
Donor communications
-
Donor relationship building
-
Consultancy & capacity building
-
Support & governance costs_(note 8)
14,244
____
20,186
____
_2024
27,027
_
7.
EXPENDITURE ON CHARITABLE ACTIVITIES
Restricted
Funds
2025
£
Conservation grants
Staff costs
14,936
Grants awardednumber: 31; (2024: 33)
268,661
Support & governance costs(note 8)
8,769
__
_Grants awarded are listed in Note 21
292,366
_
_2024
285,435
_
Support of Winners
Staff costs
47,303
Awards Ceremony
100,000
Winner training
37,356
Winner bursaries
55,000
Other Winners’ Network development costs
35,324
People for Planet_Summit
-
Support & governance costs_(note 8)_
15,625
__
290,608
_
_2024
237,247
_
Total Expenditure on Charitable Activities
582,974
_
2024
522,682
 Unrestricted
Funds
2025
£
134,997
14,879
8,005
3,595
1,259
946
65,560
____
229,241
_
170,373_
_
Unrestricted
Funds
2025
£
60,158
1,397,769
36,833
____
1,494,760
____
_1,663,204
_
89,013
63,015
-_
5,731
11,642
-
65,631
__
235,032
_
_298,174
_
1,729,792
_
1,961,378
 __
 __
_

_
_
_
_

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

8. SUPPORT & GOVERNANCE COSTS

SUPPORT & GOVERNANCE COSTS
Total Total
2025 2024
£ £
Staff costs 84,680 54,017
Support costs
Premises costs 66,878 52,526
Staff related expenses 15,753 13,089
Office costs 24,892 13,998
Bank charges 5,442 5,189
Governance costs
Audit fee 2,750 2,500
Auditor’s fees for non-audit services 4,794 5,565
Strategic planning event 1,473 1,181
Legal fees - 3,139
____ ______
Total Support & Governance costs 206,662 151,204

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
2025
£

Raising Funds
14,244
Conservation Grants
8,769
Support of Winners
15,625
____
38,638
_
2024_ 51,046

__
9.
NET INCOME / (EXPENDITURE) FOR THE YEAR
This is stated after charging:
Auditors’ remuneration
Operating Lease rentals - property
Depreciation		 Unrestricted
Funds
2025
£
65,560
36,833
65,631
____
168,024
_
100,158_
Total
Funds
2025
£
79,804
45,602
81,256
____
206,662
_
151,204_
_
2025
£
2,750
37,796
2,094
 Total
Funds
2024
£
60,709
32,788
57,707
___
151,204_
_
_2024
£
2,500
31,419
2,093


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 2025

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		 2025
£
393,030
34,457
9,542
___
437,029
____
2024
£
338,153
30,856
7,795
______
376,804

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

2025 2024
£ £
£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 £94,620 (2024: £96,371).

Staff Numbers

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

2025 2025 2024
Total FTE Total FTE
No. No. No.
 No.
Raising Funds 3.5 3.2 2.8 2.5
Charitable Activities:
Conservation Grants 1.4 1.2 1.8
 1.5
Support of Winners 3.4 2.9 3.1
 2.4
Support & Governance 2.7 1.9 2.1
 1.7
______ ______ ______ ______
11.0 9.2 9.8 8.1

Trustee remuneration

During the year no Trustee received any remuneration or benefits in kind (2024 - £nil), nor did any Trustee receive payment for professional or other services supplied to the charity (2024 - £nil). During the year Trustees were reimbursed expenses which totalled £nil (2024 - £nil).

12. OPERATING LEASE COMMITMENTS

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

2025 2024
£ £
Commitments at 30 June:
Property:
Under 1 year 8,075 37,784
1-5 years - 8,075

On 1 July 2025, the charity entered into a three-year lease agreement with its Chairman for the provision of office premises. The initial annual rent of £30,000, which is subject to annual review, represents a 50% discount on the market rental value. The arrangement was reviewed and approved by the board of trustees, with the Chairman recusing himself from all related discussions and decisions.

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

13. TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS Leasehold Total
Property
£ £
COST Balance brought forward 10,468 10,468
Additions -
 -
___ _
Balance carried forward 10,468 10,468
__ ___
DEPRECIATION Balance brought forward 4,187 4,187
Charge for the year 2,094 2,094
___ ___
Balance carried forward 6,281 6,281
__ ___
Net Book Value at 30 June 2025 4,187 4,187
__ ___
Net Book Value at 30 June 2024 6,281 6,281
_ _ ___
14. DEBTORS 2025 2024
£ £
Accrued income 69,129 74,393
Other debtors 8,440 8,459
Prepayments 13,978 5,058
_____ _______
91,547 87,910
__ _____
15. CURRENT ASSET INVESTMENTS
The four 12 month term deposit accounts reported as current asset investments at 30 June 2024
matured in February and May 2025. They were re-invested in four 3 month term deposit accounts and
are now included in the analysis of cash and cash equivalent balances.
16. CASHAND 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
2024 2025
£ £ £
Bank current accounts and cash in hand 37,662
 4,226 41,888
Deposit accounts with under 6 months to maturity 2,737,152 878,131 3,615,283
Total cash and cash equivalents 2,774,814 882,357 3,657,171
17. CREDITORS: Amounts falling due within one year 2025 2024
£ £
Grants payable 665,000 835,000
Trade creditors 8,365 7,262
Taxation, social security and pension contributions 13,512 11,493
Accruals 22,777 12,137
___
709,654 865,892

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

18. FUNDS & SUMMARY OF FUND MOVEMENTS 18. FUNDS & SUMMARY OF FUND MOVEMENTS
Year ended 30 June 2024 At 1 Jul Income Expend- Transfer At 30 Jun
2023 iture 2024
£ £ £ £ £
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Grants and Bursaries 1,977,653 1,485,219 (1,604,717) 45,872 1,904,027
Award Ceremonies & Other Events 285,190 40,980 (191,513) 44,813 179,470
Total Designated Funds 2,262,843 1,526,199 (1,796,230) 90,685 2,083,497
GENERAL FUND 456,694 533,272 (335,521) (90,685) 563,760
Total Unrestricted Funds 2,719,537 2,059,471 (2,131,751) - 2,647,257
RESTRICTED FUNDS
The Whitley Animal Protection Trust 55,000 85,000 (105,000) -
 35,000
The Betterway Foundation 47,491 250,000 (247,491) -
 50,000
The Buxton Legal Support Fund 76,500 - (19,000) -
 57,500
The Evolution Education Trust 20,000 - (20,000) - -
The Hempel Foundation 62,380 111,381 (97,255) -
 76,506
Rabelais Trust 68,425 80,500 (12,075) -
 136,850
The Rufford Foundation - 31,200 (31,200) - -
Smaller donor pass-through grants - 17,688 (17,688) - -
Total Restricted Funds 329,796 575,769 (549,709) -
 355,856
TOTAL FUNDS- year to 30 June 2024 3,049,333 2,635,240 (2,681,460) - 3,003,113
Year ended 30 June 2025 At 1 Jul Income Expend- Transfer At 30 Jun
2024 iture 2025
£ £ £ £ £
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Grants and Bursaries 1,904,027 1,367,131 (1,403,500) (157,921) 1,709,737
Award Ceremonies & Other Events 179,470 - (77,894) 138,764 240,340
Total Designated Funds 2,083,497 1,367,131 (1,481,394) (19,157) 1,950,077
GENERAL FUND 563,760 609,557 (477,639) 19,157 714,835
Total Unrestricted Funds 2,647,257 1,976,688 (1,959,033) -
 2,664,912
RESTRICTED FUNDS
The Whitley Animal Protection Trust 35,000 50,000 (7,500) -
 77,500
The Betterway Foundation 50,000 350,000 (265,000) -
 135,000
The Buxton Legal Support Fund 57,500 - (12,930) -
 44,570
The Hempel Foundation 76,506 99,325 (123,062) -
 52,769
Rabelais Trust 136,850 80,500 (148,850) - 68,500
The Rufford Foundation - 32,448 (32,448) - -
Smaller donor pass-through grants - 13,370 (13,370) - -
Total Restricted Funds 355,856 625,643 (603,160) -
 378,339
TOTAL FUNDS- year to 30 June 2025 3,003,113 2,602,331 (2,562,193) - 3,043,251

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

18. 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, other planned events and the Small Bursaries Fund available to winners to exploit knowledge and capacity building opportunities.

The restricted funds arise from:

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

2024 Net Assets by Fund
Tangible fixed assets
Debtors
Current asset investments
Cash and cash equivalents

Creditors due within one year

2025 Net Assets by Fund
Tangible fixed assets
Debtors
Current asset investments
Cash and cash equivalents

Creditors due within one year

 Restricted
Funds

£
-
1,515
-
453,781
(99,440)

______
355,856
_
Restricted
Funds
£
-
3,733
-
498,819
(124,213)
______
378,339
_









Unrestricted Funds
Designated
General
£ £
-
6,281
-
86,395
500,000
500,000
2,319,057
1,976
(735,560) (30,892)
_______ _ ___
2,083,497
563,760
__
__
Unrestricted Funds
Designated
£
General
£
-
4,187
7,020
80,794
-
-
2,483,844
674,508
(540,787) (44,654)
______
_ ___
1,950,077
714,835
_
__






___






 Total
Funds
£
6,281
87,910
1,000,000
2,774,814
(865,892)
_________
3,003,113
__
Total
Funds
£
4,187
91,547
-
3,657,171
(709,654)
________
3,043,251
___

THE WHITLEY FUND FOR NATURE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

20. RELATED PARTY TRANSACTIONS

During the year the charity received: a donation of £50,000 (2024: £85,000) from the Whitley Animal Protection Trust where E.J. Whitley OBE is a Trustee; funds of £10,000 (2024: £10,000) from the LJC Fund where Lady Faulks is a Trustee; and, a donation of £22,000 (2024: £20,000) from the Points Family Charity where FJ Sullivan is a Trustee

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

Whitley Awards
Olivier Nsengimana
Rwanda
Yara Barros
Brazil
Reshu Bashyal
Nepal
Federico Kacoliris
Argentina
Andres Link
Colombia
Rahayu Oktaviani
Indonesia
Farina Othman
Malaysia

Continuation Funding
Alexander Blanco
Venezuela
Ir Budiono
Indonesia
Pedro Fruet
Brazil
Rachel Graham
Belize
Sanjay Gubbi
India
Rosamira Guillen
Colombia
Pablo Hoffman
Brazil
Jargal Jamsranjav
Mongolia
Fitryanti Pakiding
Indonesia
Luis Rivera
Argentina
Jon-Paul Rodriguez
Venezuela
Eugene Simonov
Mongolia
Jeanne Tarrant
South Africa
Amanda Vincent
Philippines
Dedy Yansyah
Indonesia
Donor designated and other small grants
Leonard Akwany
Kenya
Shivani Bhalla
Kenya
Leroy Ignacio
Guyana
Vadim Kirilyuk
Mongolia
Angela Maldonado
Colombia

includes legal support grant
TOTAL GRANTS AWARDED IN THE YEAR
_less_Grants made in previous years now withdrawn
TOTAL GRANTS*
Unpaid amounts of multi-year grants are reported in Note 17.		 2025
£
100,000
50,000
50,000
50,000
50,000
50,000
50,000
___
100,000
100,000
103,000
100,000
70,000
100,000
103,000
50,000
100,000
50,000
50,000
100,000
100,000
90,000
100,000
___
5,000
5,430
3,000
2,000
4,000
___





 2025
£
400,000
1,316,000
19,430
___
1,735,430
(69,000)
___ **
1,666,430
___**		 2024
£
400,000
1,414,000
28,500
__
1,842,500_
-
___
1,842,500
_