Botanic Gardens Conservation International (a company limited by guarantee) Charity No. 1098834 Company No. 04673175 Report5 and Financial Statements for the year ended 31 December 2022
Botanlc Garden5 Cgn5ervation Intematlonal la company limited by 8ua¥anteel Trustees, and Dlrector5' Report for the yeay ended 31 December 2022 Contents Page Trustees. and direGlors' report Independent audilots. report 15 Statement of financial activities 19 Balance sheet 20 Cash flow statement 21 Notes 22
Botanic Gardens Conservation International (a eompany limlted by guarantee) Trustees, and DSrectors' Report lor the year ended 31 December 2022 Reference and Administrative details of the Charlty, Ils Trustees and Advisors Name of Charlty: Botanic Gardens Conservation International (also known as BGCII Charity registration number: 1098834 Company registration number.. 04673175 Principal office: Descanso House 199 Kew Road Richmond Surrey TW9 3BW United Kingdom Trustees and directors: The following were trustees and also directors of BGCI on the date the report was approved.. Prof Stephen Blackmore- Chair Dr Nicole Cavender (appointed 7 March 2023) Mr Stuart Clenaghan Ms Karen Fawcett {appointed 7 March 2023) Mr Martin Gibson- Chair Finan and Audit Committee Dr Charlotte Grezo Dr Ren Hai (appointed 22 November 2022) Ms Carmel Helene Mbizvo Ms Kirtida Mekani Mr Michael Murphy- Chair Development Committee HRH PrinSS Basma bint Ali bin Nayef Ms Anna Quenby Dr Maricela Rodriguez-Acosta Dr Peter Wyse Jackson Resigned= Dr Gerard Donnelly {13 September 20221, Sir Ghillean Prance {22 November 2022) Deceased.. Dr Kathleen Mackinnon120 March 2023) The directors of the charitable company are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. Company Secretary: Ms Nicole Lee Secretsry General.. Dr Paul Smith
Botanic Gardens Consenration Intematlonal la company limited by guarantee) Trustees, and Directors, Report for the yeay ended 31 December 2022 Other relevant organisations: Bankers HSBC plc City of London Branch 60 Queen Victorta Street London EC4N 4TR Barclays Bank plc 8 George Street Richmond, Surrey TW9 1JU Auditors Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Sollcltors DLA Piper UK LLP 160 Aldersgate Street London EC1A4HT Reglstered Offlce Descanso House 199 Kew Road Richmond Surrey TW9 3BW
Botanlc Gaidens Conservatlon Internatlonal la company Ilmited by Buaranteel Trustees, and Dlre¢tors' Report for the year ended 31 December 2022 structure, Governance and Manaqement Constitution Botanic Gardens Consetvation International was established as the Botanic Gardens Conservation Secretariat by IUCN, the World ConseNalion Union, al the beginning of 1987. In 1990 il became a separate entity and in 1994 changed its name to Botanic Gardens Conservation Interrbalional. On 20 February 2003, Botani¢ Gardens conseallon Internatlonal (a company limited by guarantee) was incorporated. Charitable status was granted, and with effect from 1 January 2004, all assets. rights and liabilities were transferred from Botanic Gardens Conservation International lo this new company. Botanic Gardens Corbsetvation International (the trust) became dormanl from this date. Botanic Gardens Conservation International is governed by a memorandum and articles of association and the liability of the members is limited to £10 per member. Organlsational Structure BGCI is governed by the Board of Trustees that meets quarterly lo guide the organisalion's work programme and lo review management accounts, future development and other organisalional mallers. Day to day management of the charity is delegaled lo the Secretary General, who acts as BGCI'S chief executive offIr reporting to the Board. The charity is guided by the International Advlsory Council. The CDuncil consists of highly respected leaders of the botanic garden and plant conseNalion community. They prc)vide te¢hnical and SGientific guidance and advice on the strategic direclion of BGCI. The charity has a Finance and Audit Committee which meets on a regular basis lo review and monitor financial and risk management issues. The charity also has a Deve1opmenl Committee which meels regularly and a Remuneration Committee and Nominations Committee which meet on an ad hoc as required basis. Appolntment of Trustees New Trustees (who are also Directors of the company) can be appointed by decision of the majority of the Trustees present and voting al any duly Consliluted meeling. The total number of Trustees shall be not less than three. Affiliallon BGCI is a worldwide membership organisation. BGCI is the guarantor for Botanic Gardens Conservation International Afrlca Llmiled which was incorporaled on 8 October 2018 in Kenya as a Gompany limited by guarantee. BGCI has 8 Slster organisation in the Unlted Slates of America.. BGCI US was established in 1998 and is registered as a Not for Profit Organisalion In the State of Pennsylvania. It is tax exempl (IRS 0427 30954) and has 501 {cl 3 status.
Botanlc Gardens Conservatlon International la company Ilmlted by guayanteel Trustees, and Dlre¢tors' Report for the year ended 31 December 2022 Fundralslng Preference Service BGCI is registered with the Fundraislng Preference Servi. Rlsk Management A Risk Regisler which considers the major risks facing the charity, their impact and likelihood of Occurren and identified means of mitigating the risks Is In place. The Risk Register is reviewed on an annual basis. The Trustees are satisfied that this prO$S is adequate to assess the major risks lo which the charitable Gompany is exposed. Grants Made for Projects BGCI'S policy on making grants is sel out in note 1{fj to the financial Statements. Volunteers and Donated Services and Facilitie$ BGCI'S policy on the value of these services provided is set out in note 1 (il to the financial slalements.
Botanlc Gardens Conservatlon Internatlonal la Company Ilmlted by guarantee) Trustees, and Dlrectors, Report for the year ended 31 December 2022 Objectives and Aclivitles Objectives The objectives of Botanic Gardens Conservalion International as set out in the organisation's ¢onslitution are as follows.. To promote for the public benefit the conservation and protection of plant species of the world, in particular the cultivation and maintenance of such plants by Botanic Gardens To promote the advancement of education of the public and vocational training and research concerning such plants and their conservation To gather and disseminate information on wild plants cultivated or maintained in Botanic Gardens for the purpose of such conservation To establish an inlernalional network of plant resources via an international database for the purposos of such conservation Publlc benefit When planning its objectives 8nd 8Ctivities for the year, BGCI has considered the Charity Commission's guidanGe on public benefit. All of the charitable activities of BGCI focus on plant conservalion and are undertaken to further the organisalion's charitable purposes for the public benefit. BGCI Aims BGCI WOFks within the eslablished business case and strategic plan for the 5 year period to December 2025. BGCI is in a prime position lo promote a more efficient, cost-effeclive and rational approach to plant conservation in bolalliG gardens. We will do this by.. Saving planls.. BGCI'S leadership role in the Global Tree Assessmelll, Global Trees Campaign. Global Conservation Consortia, Ecological Restoration Alliance, Global Seed Conse¥valion Challenge and International Plant Sentinel Nelwork means that we are in an excellent position to catalyse and co-ordinate conseNation action within and beyond our own network. Inspirlng and leading people.. The botanic garden community is stronger together, and greater than the sum of ils parts, in areas such as poliGy, advocacy, maintaining professional standards and cost*ffecliveness. provided that il is effectively led and ils actions are co-ordinated. BGCI plays a pivotal role in ensuring that this happens through our Policy work, leadership, co-ordinating role with regional networks. membership and convening power. Sharing knowledge and SOUrCes. Plant conservation, public engagement and botanic garden management capacity is spread unevenly and inequitably across the globe. Institutional capacity is particularly weak in many developing countries and biodiversity holspols. BGCI plays a crucial role in shaiing information, knowledge and skills belween different parts of ils network through ils databases, training and lechnical support aclivilies.
Botan1¢ Gardens Con5ervatlon Internatlonal la company limited by guaranteel Trustee5' and Directors, Report for the year ended 31 December 2022 Addresslng global challenges through public engagement and education.. BGCI'S network of botanic gardens attracts hundreds of mlllions of visitors each year, and many gardens engage their visitors on sustainability issues such as reducing carbon, water, energy and waste. However, changing visitor behaviour related lo suslainabilily is not a mainstream activity in the world's bolanie gardens. Despite the fact that gardens are idealty placed to influence attitudes and behaviours, their visitors are generalty high consumers, and shifting to more sustainable practices is consistent with their values. Ensurlng an effectlve and resilient BGCI- BGCI'S institutional risk register itemize$ financial, governance, operational and reputational risks to the organization that are activew managed in order to minimize any vulnerabilities. In order to ensure a robust and resilient organization, further work is required in some areas of BGCI'S business, including communications. fundraising, sustainability, IT infraslTuclure, data protection, Heallh and Safety, and regulatory compliance. Saving Plants The Global Tree Assessment has now completed red list assessments for 70¥0 of the world's tree species. This is the largest red listing project ever undertaken. Global Tree Assessment data is being used to identify Key Blodiverslty Areas and proteGled areas for situ conservation. BGCI-led projects ale conserving more than 120 threatened tree species, working with over 125 partner organisations BGCI'S Tree Conservation Fund, focusing on threatened tree species for biodiversity and livelihoods, is being Irialled in the emerging markel of biodiversity credits aimed at corporates and civil society. We further developed BGCI'S Global Conservatlon Consortia to coordinate ConSeaton action for priority taxonomic groups. These now comprise eight different Consortia with 284 participating inslilulions. Significant funding {£2.7 million) was secured for the Global Blodlverslty Standard- the first biodiversily-specific certification aimed at assessing impads on biodiversity in tree- planting and restoration programmes. GBS hubs have been established in Brazil, Peru, India, Madagascar, Kenya and Uganda. and the methodology has been lesled on a wide range of sites.
Botanic Gardens Conservatlon Inteinatlonal la company limited by guarantee) Trustees, and Directors, Report for the year ended 31 December 202Z Insplrlng and Leadlng People BGCI membership grew from 67210 731 institutions, an increase of 8.8%. BGCI'S 7th Global Botanic Gardens Congress was held in Melbourne, Australia and hosted by the Royal Bolanic Gardens, Victoria and the Botanic Gardens of Australia and New Zealand (BGANZ). 504 people from 36 countries allended the conferenre, which was entitled "Influence and Action= botanic gardens as agents of change." BGCI helped lo organise and sponsored attendance at a range of regional botanic garden meetings in 2022, including Eurogard IX (Hungary, May 20221, the Red SudamÈric2na de Jardines Botanicos virtual meeting (May, 20221, the 22nd AETFAT Congress (Zambia, July 20221 and the Botanical Bridges Conference (Bahamas. November 2022). BGCI'S International Advisory Councll was strengthened significantly, with new members joining from Africa, the Caribbean and China. Sharing Knowledge and Resources BGCI engaged with >27,000 people through training, capacity building workshops, webinars, technical talks and non-spe¢ialisl talks in 2022. 26,200 people joined webinars. 669 attended training workshops and 228 attended online training courses in 2022. Working with RBG Victoria and the Climale Change Alliance of Botanic Gardens. BGCI launched the Cllmate Assessment Tool (CAT) al 7GBGC in September. The CAT provides guidance on the likely suttability of tree species under predicted future climale sGenarios of a selected location. BGCI launched Iwo new plant material exchange tools in 2022. Plantshare enables the responsible exchange of living plant material (cuttings, seeds, whole plants, pollen, etc.) between botanic gardens, lo facililale backing up of important collections, share material between institutions, and use valuable material for conservation and research purposes. ndex Semlnum is an online platform for responsible seed exchange. Both tools include the following novel features.. search and filler facilities such as.. scientific name, famiw, garden, accession details or compliance regulations bulk upload function and checks for data standards and default values taxon names checked against references message mechanisms belween donor and requesting gardens BGCI'S Global Botanic Garden Fund awarded 34 grants to 31 institutions in 24 different tsunlries lotalling $75,200 in 2022. In addition, BGCI'S Ukralne Botanic Garden Appeal, in partnership with th8 Us-based Parte[ShipS for Nature, r8ised nearty $100,000 for 10 botanlc gardens in Ukraine. In total. BGCI disbursed c. £1.9 million in gr2nt8 and contracts to its members and other organisations in 2022.
Botanic Garden5 Conservation Internatlonal la company limited by guarantee) Trustees, and Directors, Report for the year ended 31 Detemher 2022 Addressing Global Challenges through Public Engagement and Education wth support from the Garfield Weston Foundation, BGCI worked with two UK botanic g8rdens to deliver the Suslainability Challenge Pilot project. This project aimed to create small-scale challenges thal allow botanic garden visitors lo contribute to climate change goals and tum sustainabilily engagement into collective conservation action. Ensuring an Effective and Resilient BGCI BGCI continued lo improve BGCI'S Membership Platform, Sheep CRM, with further integrations with Gardensearch, Ihe BGCI Accreditation Scheme and the Global Botanic Garden Fund. In 2022 BGCI raised over £6 million in multl-year project funding. BGCI featured in news stories in the New York Times, the Guardian and Naturp, and saw an increase in both growth and engagement across all active social platforms (Twitter, Instagram, Facebook) compared to 2021. io
Botan1¢ Gardens Conservatlon Internatlonal la company Ilmlted by guarantee) Trustees, and Dirertors, Report for the year ended 31 December 2022 Financial Revlew and Reserves The transactions of the charity are summarised on page 19 of the financial slalements, with further details of re8tricl&d funds Iransaclions in note 17 on page 32. The Qharity in common with many other similar charities receives ils donalion and grant income with fluctuations In timing and frequency. Payments are dependent on a number of factors such as the preference and cash flow of funders. the completion of work and the submission of repotts. In some cases funding is provided in advance of work and in other cases the charity pre-finances exp2nditur2. Some funding is provided through medium term agreements while other funding has shorter agreemenls or is one off in nature. All of these factors contribute lo the need for the charity to hold unrestricted reserves. At the year-end net assets and total funds showed a surplus of £1,101,414 {2021 £1,070,856) which was made up of restricted funds of £601,177 {2021 £625,744) and unrestricted funds of £500,23512021 £445,1111- In 2022 the trustees aimed to hold unrestricted funds in Ihe order of £500,000 and this aim was met. We will continue lo monitor the level of resetves throughout the year and will review the policy on an annual basis. In 2022 the activities and balance sheet of BGCI Afrtca had grown lo the extent that rt8 results are now consolidated into the BGCI group accounts for the first lime. BGCI Africa's income statement and assets and liabilities and comparatives for 2021 are summarised in Note 12. The trustees continue to monitor the impact of COVID-19 on all aspects of the charity, including restrictions and delays lo conservation activities, and we are proactively managing associated risks. All staff have continued working, both at home and in the office, and travel lo projecls and conferences is back lo pre-pandemic levels. We conlinue lo work closely with our overseas partners and there has been very little impact on projects beyond delays to timing. Investment Policy and Performance The trustees updated their inveslmenl policy during 2018. They appointed an irjvestment advisor, Ralhbone Unit Trust Management, lo guide their decision-making consislenl with the aim of growing surplus capital wÈth a reasonable income and with a balanced or medium altitude to investment risk. Sufficient cash is to be retained in eurrent and deposit accounts to provide for the regular expenditure associated with the charity. BGCI invested £200,000 during 2018 in Ralhbone's Core Investment Fund for Charities. Income in 2022 was £5,22812021 £4,812). The valuation at 31 December 2022 was £217,229 {2021 £247,764) reflecting economic headwinds driven by the pandemic, war in Ukraine, the Us-china Irade war and the climate crisis. BGCI aims lo be a long lemi investor with these surplus funds. li
Botanlc Gardèns Conservatlon Internatlonal la Company Ilmlted by guarantee) Tru5tees' and DiYector5' Report for the year ended 31 December 202Z Plans for Future Periods BGCI'S mission is to mobilise bot8nic g8rd&ns and eng8ge partners in secunng p18nt diversity for the well-being of people and the planet. The underlying assumption behind this mission statement is thal by growing. innuencing and empowering our membership {and partnerships), we can better conserve plant diversity, encourage people to live in an environmentally sustainable way and provtde benefits for people as well as the ecology of Ihe planel. BGCI'S five-year goal is that more than 1000 botanical organisations in our network will be playing a critical role in preventing plant species exlinGlions and creating a more sustainable planet. Our work towards achievement of the goal can be broken down into the following work streams. Savlng plants BGCI'S leadership role in Ihe Global Tree Assessment, Global Trees Campaign, Global COnSeallOn Consortia, Ecological Resloralion Alliance, Global Seed Conservation Challenge and Intemational Plant Senlinel Network means that we are in an excellenl position lo catalyse and co-ordinate conSeatiOn action within and beyond our own network. During 2023, BGCI will complele Ihe Global Tree Assessment and develop projects and partnerships that maximise the use of GTA data, knowledge and expertise for conseNation planning and action. We will run projects conserving more than 100 Ihreatened tree species, working with over 125 partner organisations. Develop and tesl the methodology for the Global Biodiversity Standard aimed al tree- planting and restoration projects for carbon sequestration and livelihoods. Continue to grow the Global Botanic Garden Fund to support the plant conservation activities of small botanic gardens in biodiv8rsity rich areas. Insplrlng and leadlng people The botanic garden commLEnity is stronger together, and greater than the sum of ils parts in areas such as policy. advocacy. maintaining professional standards and cost- effectiveness, provided that il is effeclively led, and its actions are co-ordinated. BGCI plays a pivotal role in ensuring that this happens through our policy work, leadership, co- ordinaling role with regional networks, membership and convening power. During 2023. we will further develop BGCI'S Global conrVation Consortia to coordinate conservation action for priorily taxonomic groups. We will work with the Global Partnership for Plant Consewation, the CBD Secretartal and Parties to the Convention lo ensure that key elements of the posl~2020 Global Strategy for Plant Conservatlon are adopted by Parties posl-2020. We will strengthen BGCI'S International Advlsory Councll through formal links with, and representation of, all major rÈgional botanic garden networks. We will recognize outstanding contributions lo plant conseyvalion, environmental sustainability and public engagement through a BGCI medal and awards conferred on inspirational individuals. 12
Botanlc Gardens Conservation Inteynatlonal la company Ilmlted by guarantee) Trustees, and Dlrectors, Report for the year ended 31 December 2022 We will strengthen BGCI'S botanlc garden leadershlp and management support services in at least five regions Ihrough formal technical support, Iraining, advisory, and consultancy services. Vve will prepare for the 8 Global Botanic Garden Congress in Singapore in September 2024. Sharing knowledge and resources Plant conservalion, public engagement and botanic garden management capacity is spread unevenly and inequitably across the globe. Institutional capacity is particularly weak in many developing countrie5 and biodiversity hotspots. BGCI plays a crucial role in sharing information, knowledge and skills belween different parts of its network through its databases, training and technical support activities. During 2023, we will share data from the Global Tree Portal with policymakers and tree conservation plallners and practitioners, providing tree conservation prioritisation information species by species and country by counlry. Significantly inGrea$e adoption of BGCI'S Accreditation Scheme by working with national and regional associations of botanic gardens. Launch BGCI'S second generation Gardensearch and Plantsearch databases, including a collections pedigree 'studbook' tool and a propagation protocol tool. Complete and publish a BGCI Technlcal Review on the use of botanic garden alld arboretum collections in supporting conservation and sustainable development research. Secure and dlsburse at least £2 million in support of planl conservation projects carried out by BGCI'S partners and members (double 2020 levels). Addressing global challenges through public engagement and education BGCI'S network of bolanic gardens allracts hundreds of millions of visitors èach year, and many gardens engage their visitors on sustainability issues such as reducing carbon, water, energy and waste. However, changing visitor behaviour related lo sustainability is not a mainslream activity in the world's botanic gardens. Despite the fact that gardens are ideally placed to influence attitudes and behaviours, Iheir visitors are generally high consumers, and shifting lo more sustainable practices is consistent with their values. Ensurlng an effectlve and reslllent BGCI BGCI'S instilulional risk register itemizes financial, governance, operational and repulalional risks to the organization that are actively managed in order to minimize any vulnerabilities. In order to ensure a robust and resilient organizalion, further work is required in some areas of BGCI'S business, including communications, fundraising, sustainability, IT infraslruclure, data prolection, Health and Safety, and regulatory compliance. Continue to Improve BGCI'S Membership Platform, SheepCRM, with further integrations with Gardensearch, the BGCI Accreditation Scheme, and the Global Botanic Garden Fund. Re¢rult addltional senior staff to build BGCI'S consetwalion and botanic garden SeNiS workstreams. Secure and disburse BGCI'S press coverage and social medla following in orderto support plant conservation, sustainabilily. and fundraising efforts. 13
Botan1¢ Gardens Conservatlon Intsrnatlonal la company Ilmlted by Euaranteel Trustees, and Dlrecttsrs, Report for the year ended 31 December 2022 Directors, and Trustees, responsibilities for financlal statements Charity and company law require the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the surplus or deficit of the charity for that period. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the income and expenditure of the company for Ihat period. In preparing those financial statements, the trustees are required to.. select suilable accounting policies and apply them consistently., obseNe the methods and principles in the Charities SORP., make judgements and estimates Ihal are reasonable and prudent- state whether applicable UK accounting standards and stalement5 of reoommended praclice have been followed, subject to any material departures disclosed and explained in the fi'nancial statements., prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for mainlaining adequate accounting records which disclose with reasonable accuracy al any lime the financial position of the charity and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure to audltor (a) so far as the Iruslees are aware. there is no relevant audit information of which the company's auditors are unaware, and Ib) they have taken all the sleps Ihat they ought to have taken as trusle6s in ordar to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. Small companles regime This report has been prepared taking advantage of the exemptions for small companies within Part 15 of the Companies Act 2006. On behalf of the Board.. Prof Stephen BlaGkmore- Trust@8 24 May 2023 14
Independent auditors, report to the members of Botanic Gardens Conseyvation International la company limited by guarantee) Opinion We have audited the financial statements ot Botanic Gardens Conservation International (the 'charitable company,) for the year ended 31 December 2022 which GompNse the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary ol significant accounting policies. The financial reporting framèwork that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards, including Financial Reporting Standard 102 The Financial Reporting standard appliGable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charilable compantys affairs as at 31 December 2022 and of its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice-, and have been prepared in acGordance with the requirements of the Companies Act 2006. Basis of opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs 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 Financial Reporting Council's (FRCI Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriale to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the tnjstees, 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 idenlified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charilable company's ability to continue as a going concern for a period of at least twelve month8 from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the truste8S W5th respect to going concern are desGribed in the relevant sections of this report. 15
Independent auditors, report to the members of Botanic Garden5 Conservation International la company limited by guarantee) Other informalion The other information comprises the information included in the annual report, olher than the financial statements and our auditors, report thereon. The Trustees are responsible for the other inlormation. Our opinion on the financial slatements does not cover the other information and, except to the extent otherwise &xplicilly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility 18 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infomation. 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. Opinlon on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, report, which includes the dire¢lors' report prep8red for the purposes of company law, for the financial year for which the financial statements are prepared is consistent wrth the financial statements., and the directors, report included within the Trustees, report has been prepared in accordan with applicable lega1 requirements. 16
Independent auditors, report to the rnembers of Botanlc Gardens Conservation International la company limited by guarantee) Matters on which we are required to report by exceptlon 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 matertal misstatements in the directors, report included within the Trustees. report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain disGlosures of Trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare Ihe financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of Trustees As explained more fully in the Trustees, Responsibilities Statement, 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 intemal control as the Trustees delermine is necessary to enable the preparation of financial staternents that are free from material misstatement, whelher 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 company or to cease operations, or have no realistic alternalive 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 opirtion. Reasonable assuran is a high level of assurance, but is not a guarantee that an audit Gonducted in accordance with ISAS IUKI 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 b8 expected to Influen the econDmic decisions of users taken on the basis of these financial statements. 17
Independent audltors, report to the members of Botanic Gardens Conservation International la company limited by guarantee) 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 misslatemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. The Charitable Company is required to comply wilh both company law and charity law and, based on our knowledge of its activities, we identified that lh8 lègal requirement to accurately account for restricted funds was of key significance. We gained an understanding of how the charitable company complied with its legal and regulatory framework, including the requiremont to properly account for restricted funds, through discussions with management and a review of the documented policies, pro¢edures and controls. The audit team, which is experienced in the audit of charities, considered the charitable company's susceptibility lo material misstatement and how fraud tnay occur. Our considerations included the risk of management override. Our approach was to check that all restricted income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditure was charged lo restricted funds. This included reviewing journal adjustments and unusual transactions. A further description of our respDnsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This descriplion forms part of our auditorfs report. Use of the audlt 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 rnalters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permTtted by law, we do not accept or assume responsibility to anyone other than Ihe charitable Company and the charilable company's members as a body, for our audit work, for this report or for the opinions we have formed. Shoaib Arshad Senior Statutory Auditor for and on behalf of Knox Cropper LLP statutory Auditors 65 Leadenhall Street London EC3A 2AD 27 June 2023 18
8otanlc Gardens Conservation International la cornpany limited knyguaranteel Con5011dated statement of Financial Att5vities Ilncorporatsng an Income and Expendlture Account) For the year ended 31 December 2022 Notes 2022 Total 2021 Total Restrirtod Unrestrlcted Income Income from charitable activltles 2,429,895 321,420 2,751,315 2,165,492 Donations 141,958 45,655 187,613 173,261 Investment income 11,505 11,505 5,448 Total income 2,571,853 378,580 2,950,433 2,344.201 Expendlture Expendlture tsn charitable actlvltles 12,596,4201 1204,5521 12,800,972) 11,942,235) Cost of raising funds 188,369 188,3691 171,5541 Total expenditure 12,596,420) 1292,9211 12,889,341) 12,013,789) Net Income/lexpendlturel and net movemont in funds for the year before losses on investments 124.5671 85,658 61,091 130,412 Net gains/lloss&gl on Investments 12 130,5341 130,5341 27,441 Net Movement in Funds 124,5671 55.124 30,557 357,853 Reconciliation of funds Total funds brought forward 625.744 445,111 1,070,855 713,002 Transfer between fund5 Total funds carried forward £601,177 £500.235 £1,101,412 £1,070,855 All amounts relate to contlnuing operations There were no material recognlsed E3ln5 or losses othei. than those included In the Ealns and105ses above, and thereftsre no separate statement of total recogni5ed gain5 and10sses h35 been presented. 19
Eotank Gardens Conservatlon Inteynatlonal la company Ilmlted by guarants•l Con$olldat#d Balance Sheet Ftsrthe yoir ended 31 Dtcamber 2022 Notes Gyoup 2022 Group 2021 Company 2022 Company Z021 Hmed a$sets Tanglble flKed assels Investments li 12 21,425 217,523 238,949 20,591 248.058 268,648 21,425 220,978 242,404 20,591 251,J13 272,103 Current 8558ts Debtors Cash at bank and In hand 13 63027 1,107,191 1,170,619 92,832 906,671 999,503 235,733 928,558 1,164,292 I19,17 906,671 1.025,738 Llabllltles Credllors.. amounts falllng due wlthln I yr 14 13D8,1531 1197,2951 298,904 1222,379 Nel ¢urrent assat$ 862,465 802,208 865,387 803,359 Total a$s¢ts less eurrent Ilabllltles £1,101,414 £1,070,856 £1,107,791 £1,075,462 Funds Restricted funds Vnrestrlcted funds 17, 19 17, 19 601,177 625,744 500,235 445,111 £1,101,412 £1,070,855 592.125 515,666 £1.107,791 625,596 449,1165 £1,075A61 These accounts have be9n prepared In accorrlan¢e wlth th8 provlslons appl*able to companles subject to the srnall companles, reglme. Approved by the BoaNi of Dlrertors on: 24May 2023 and sl8hed ork Its behalf by.. Professor Stephen Blackmore 20
Botaftlc Gardens Conse¥vation Internatlonal la company Ilmited by guarantee) Consolldated Cash Flow Statement For the year ended 31 December 2022 statement of cash flows NDtes Group 2022 Group 202 Company 2022 Company 2021 Cash flows from operating activities 20 209.611 402,049 19,844 402,526 Cash flows from invostinE activitles 20 12,0011 16,3241 12,ooil 16,3251 Cash flows from financing activitie5 207,610 395,725 17,843 396,2Ql Reconcsllatlon of Net Cash Flow to Movements In Wet Funds Increa5elldecrea5el1n cash In the year 207,610 395,725 17,843 396,201 Cash and cash equivalents at the beginnlng of the reporting period 906,671 518,227 906,671 518,227 Change In cash and cash equlvalents due to exchange rate moveme¥Jts 17,r1901 17.7591 4,046 17,7591 Cash and cash eqUilentS at the end of the reporting peTiod 1,107,191 906,671 928,5GO 906,671 Analysis of cash and cash equlvalents Group 2022 Group 2021 Company 2022 Company 2021 Cash1n bank and In hand Deposit accounts 352,707 754,484 274,883 631,788 174,074 754,484 274,883 631,788 1,107,191 906,671 928,558 906,671 The attached notes form part of these ftnancial statements. 21
Botanic Gardens Conservalion International la compzny limited by guarantee) Notes formlng part of the flnancial statements Accountlng pollcles Accountlng convention These flnancl81 statement5 have been prepared under the historlcal cost ctsnventlon, and Bccordance with applicable accounting standards, the Companies Act 2006, the Charities Act 2011, the Charlties SORP 2 IFRS 1021 and the Financial Reporting standard IFRS 1021. The prlncipal accountlng poliae5 adopted in the preparation of the financial statements are set out below. The Company is registered In England wSth reglstration number 04673175 and Its rebTStered office is Descanso House, 199 Kew Road, Rlchmond, Surrey, TW9 3BW, United Kingdom. These flnancial statements are presented in pound5 5terllng which 15 also the functional currency of the company. The consolidatEd flnancial statement5 comprlse a consolidation of the financial statements of Botanic Gardens Conservation International and Its %ubsidiary, a Company limited by guarantee, Botanic Gardens Cor)servation Internaiic>nal Africa Llmlted. The fully-ownp.d subsidlary BGCI I"rading has been dormant Since incorporation and Is included In the con5011dated accounts at C05t. The charlty meets the definition of a public beneflt entlty under FRS 102. The trustees have ctsn5idèred the financial position, forecasts and ¢h flows of the organisation and are sat15fied that It Is approprlate to prepare the accounts (Trn a going concern basis. bl Depreciatlon Computer equipment Is depreciated at 25% per annum on a straight-line basis in order to wrlte off the cost of the assets over thelr e5tirnated u58ful lives. Fund accountlng General funds are unre5trictpd funds which are available fc*r use at the dlscyetion of the tru5tEe5 In furtherance Cbf the 8ene¥al objertives of the charity and which have not been de51Bnated for other purposes. Deslgnated lunds are fund5 which are established by the Board from time to tlme for Specific purposes. They are not restricted funds and any surplus or defl¢it remaining when the fund is closed will be transferred to or from the general funds. Restricted funds are funds whlch are to be used in accordance wSth 5pecSflc restrictions impcised by donors clr whleh have been raised by the charity for particular purpos. The aim and use of each restricted fiJnd15 set out in note 17 to the financial statements. dl Income Voluntary income includlng donatlons, Èlfts and legacies and grants that provide core financing or are of general nature are recogn15ed where there is entitlement, certainty of receipt and the amount can be m83sured with sufficient reliability. Such income is only deferred when the donor speclfle5 that the grant Dr donation must only be used In future accounting periods or the donor has imposed Eonditlon5 which must be rnet before the charlty has uncondltlonal ontitlement, 22
Botanlc Gardens Conservatlon International la company limlted by guayanteel Notes forming part of the financial statements Icolltl Investment income is recognlsed on a receivable basis. Expenditure Expenditure is recognised when a liablllty Is incurred. Costs of raising funds ar& those costs Incurred in attractin8 donations 3nd grant5. Charltable activitie5 include expenditure associatÈd with the conserv4tlon and protection of plant species of the world including research, education and vocational tralning and the dissemination of information. Governance costs include those incurred In the governancè of the charity and its asset5 and are primarily associated w1th consitutional and statutory requlrements. Support costs Include central functlons and have been allocated to activity cost categorles Dn a basis consi5t@nt wlth the use of resources, e.g. allocating property costs by floor areas, or per capita, st3ff costs by the time spent and other costs by their usage. Grants Grants are awarded tu members or other consp.rvatlon organisatlons, who have agreed a partnership in order to undertake direct, un-theround plant consèrvation projects that achieve the objectives of BGa. gl Penslon costs The company operate5 a defined contribution pension scheme. Contrlbutions are charged to the unrestrlcted fund as they be¢ome payable In accordance with the Nles of the scheme. h) Forelgn currency Transactions in fDreign ctsr¥encl@s are translated Into sterling at the rate of exchange ruling at the date f the trdnsaction. Assets and113bilktle% at the yearnd are converted Into sterling at the year-end rate. Any loss or gain on forelgD turrency conve10n is chaTged to overhead expenses as incurred. Volunteers and donated servlces and facilities The value of 5ervlces provided by volunteers is not Incorporated into these financial statements, a5 It is not considered $1gnlficant. Where services are provided to the charlty as a donation that would normally be purchased from our supplies, this contributlon Is Included In the financial statements at an estimate based on the value Of the contrlbutlon to the charitv. Taxation As a registered charlty, the company is exempt from Ilablllty to UK corporation tax on tts charitable activitie5. Its active subsidiary BGCI Africa is a company limlted by guarantee and is liable to Kenyan corporatlon tax on any taxable net profils. kl Leaslng arrangements F(entals payable undef operatlng lease5 are charEed to the unrestricted re5etves on a 5traight-Ilne basis over the lease term. 23
Botanic Gardens Conservatlon International la company limited by guarantee) Notes forming part of the flnancial statement5 Icontinuedl Flxed asset Ihvestment5 Investments èrè a form of financlal Instrument and are initially reeDgni5ed 3t their transaction costs nd subsequently measured at their farr value at the balance sheet date using the quoted market price. The statement of financial activities Includes tho net gains and ID55es ari5i¥J£ on revaluation. Cash at bank and in hand Cash at bank and in hand Includ@s cash and short term highly Ilquid investments with 3 short maturity of three month5 or le55 from the date of 3cqui51tion or opening of the deposit trr similar accounts. Deferred Income Deferred income relates to grant and contract income where the terms of the grant stipulate that the Ircome is tD be applied in future periods. Basis of consolidation The Consolidated Statement of Flnancial Activities and Balance Sheet consolidate the flnancial statements of the charity and its subsidiary, BGCI Africa, on a line byllne basis. No indlvldual SOFA 15 prepared showlng thp Charity's own result for the year as thls Is shown by way of Note 10, in accordance with section 4D8 of the Cumpanies Act 2008. 24
BotanÈc Gardens Conservation International la company limited by guarantee) Notes formlng part of the financlal statements Icontinuedl Income from charltable activitles 2022 2022 Restricted Unyestrlcted 2022 Total 2021 Total Grants recelved Membershlp fees Sundry income 2,429,895 2,429,895 313,008 8,412 1,940,669 274,507 25,463 312,008 8,412 2,429,895 321,420 2,751,315 2,165,493 Donatlons 2022 2022 Restricted Unrestricted 2022 Total 2021 Total 141,958 45,655 187,613 98,115 Investment Income 2022 2021 Income dlsrrlbution from investment Interest on cash deposlts 5,228 6,277 4,812 636 11,505 5,448 Analysls of expendÈture on charFtable artivitie5 and costs of ralslng funds Costs of raislng funds Charltable actlvlties Support Governance costs costs 2022 Total staff cost5 Grant5 Consultants and workshops Printing and di5tributlon Travel Other direct costs Rent and servlces Admlni5tratlon costs Depreciation & loss on dlsposal Allocation of governance costs Reallocatlon of support Costs 88.319 811,020 1,225,357 247,433 5,633 14Q,270 46,000 88,637 16,943 1,004,920 1,225,357 258,200 15,175 179,375 46,000 40,745 106,897 12,671 10,767 9,542 39,105 40,745 106,130 12,671 17,660 1325,2581 50 717 117,6601 325,258 88,369 2,8QO,972 2,889,342 Includ In rent and services a¥e donated services of £6,00012021 £6,000). 25
Botanic Gardens Conservatlon Internatlonal la company limlted by guarantee) Notes formlng part of the flnancial statement Icontlnuedl Prior ye¢7r Gompurutive Costs of ralsing fund5 Charltable activities Support Governan Costs osts 2021 Total Staff costs Grants Con%ultant5 and workshops Prlnting and distribution Travel Other direct C05tS Rent and services Admlnlstratloll Costs Depreciation & loss on disposal Allocatlon of governance costs Reallocation of support costs 70,193 695.596 688,807 222.911 16,641 16,794 8,176 78,522 29,987 15,409 11.224 6,851 16,450 860.761 718,794 238,320 29,073 23,645 8,176 47,374 78,370 9,277 1,208 47,374 78,217 9,277 16,450 1293,3111 153 116,4501 293,311 71,554 1,942,235 2,013.788 Analysls of Eovernance and support costs The company intially identlffes the costs of its suppnrt functlDn5. It then identifle5 those costs whleh re13te to the governance function. Having identlfled Its governance LUSt5, the remaining support costs tLigether with the governance costs are allocated to the cost5 of the charstable activitles. Net incomellexpendlturel for the year Net incomellexpendlture for the year is stated after charging.. 2022 2021 Depreciation and loss on disposal Audit fees Non-financlal slatements audit fee Fee5 pald to audStors fur non-audit services 12,671 6,855 9,277 6,674 1,500 1,680 26
Botanlc Gardens Conservatlon International la company limited by guarantee Notes forming part of the flnantial statements Icontlnuedl Staff costs and the cost of key management personnel 2022 2021 Tot31 remuneration.. Salarles Social secu¥itV Cts5ts Penslckn costs 873,621 78,028 S3,271 746.017 67,031 47,713 I,4,92 860,761 The average nurnber of persons employed durlngthe year wa5.. 2022 2021 ManaEement Programme staff Administration 22 17 The key management personnel of the charlty comprise the trustees, the Sec¥etary General and the other members of the senior management team. 2022 2021 Total employment benefflts Df key management personnel 382,OSO 385,033 The number of employees whose employee beneflts lexcludlng employer pension ¢ostsl exceeded £60,000 was 2022 2021 £70,001-£80,000 Employer's pension contrlbution for the highest paid employeè E9,371 £9,187 Trustee remuneratlon and expenses and related party transactions No remuneration was pald to the dlrettors or trustees duringthe year. £1,161 was reimbursed to one dlrector in 2022 for travel and acctsmmodation costs12021 £1051. During the year, BGCI received £15,QDO as matched glvlng from The Glbsot) Trust, a ch3rltable Trust that has one Trusteè In common. Th15 was recogn15ed a5 income in the year, but included as accrued income at a balance of £15,000 at the year end. No dlrector ortrustee or other person related to the Eharlty had any personal interest In any contract or transaction entered Into by the charity during the year12021 NIL). 27
Botanic Gardens Conservation International la company limited by guaranteel Notes forming part of the financlal statements Icontlnuedl io Surplus for the fÉnancial year As permltted by section 408 Companies Act 2Q06, Botanic Gardens Coftservation Internation31's individual statement of Financial Activities has not been Included in these financial Statements. The surpluslldeficitl for the ye3r 15 as follows: 2022 2021 otanic Gardens Con52rvation Internatiorjal's Individual surplus/ldeficitl for the financial year 32,330 358,991 li Tanglble IIKed assets Computer equipment Cost.. At l January 2022 Addition5 in the year Disposals 72,967 13,506 At 31 Dember 2022 86,473 Depreciation.. At l January 2022 Chayge for the year Accumulated deprecSatlon OD disposals 52,377 12,671 At 31 December 2022 65,048 Net book value.. At 31 December 2022 £21,425 At 31 DecÈmber 2021 £20,590 12 Flxed asset Investments (all group fixed assets are attributable to BGCII Group 2022 Group 2021 Company 2022 Company 2021 Unit trusts BGCI Trading Limited Botanic Gardens Cons2Ivation International Africa Llmlted 217,229 294 247,763 294 217,229 294 3,455 247,763 294 3,455 £217,523 £248,058 £220,978 £251,512 28
Botanic Gardens Conservatlon International la £ompany Ilmited by guarantee) Notes formlng part of the financial statements leontlnuedl Movement in unlt trusts 2022 2021 2022 2021 Value brought forward at I January Additions to investments at cost Net galnlllossl on revaluation 247,763 220,322 247.763 220,322 130,5341 27,441 130,5341 27,441 £217,229 £247,763 £217,229 £247,763 The unit trust Investments are carried at their fair value. On 5th DecembÈY 2006 the company formed a IQO% subsldiary company, BGCI Tradlng knmited, reglstered In England with regi5tratlon number 06019325. The reEiStered office is Descanso House, 199 Kew Road, Richmond, Surrey, Twg 3BW, Llnited Klngdom. Since incorporation this company has remaSned do¥mant. The share capital and reserves of BGCI Tradlng Llmited at 31 Dernber 2022 totalled £1, Thi5 investment Is ¢aYried at cost. On 8th October 2018 the company fo¥med a subsidiary company, Botanic Gdrdens Conservation Internatlonal Africa Limited, re8lstered in Kenya with registratlon number CLC-VXFAEQ. The company Is limited by guardntee and Botanlc Gardens Conservatlon InternatlDn21 Is the guarantor. Its registered addres5 Is LR7413110, Muktrma road off Magadi Road, Nairobl, Kenya. BGCI Afrlca Llmlted 2022 2021 Total income Costs Net gain5lllossesl on Investments Other Baln51llossesl 78,499 169,5961 26,935 127,5941 110,6771 14921 Surplu51 Idefltltl for the year 11,7741 11,1511 Retained 5uipluslldèfldtl brought forward 11,1511 Retalned surpluslldeflcltl carried forward 12,9251 11,1511 Gross assets at 31 December 2022 179,849 26,935 Gross liabilities at 31 December 2022 1182,7731 128,0861 Rese¥ves at 31 Dember 2022 El2,9241 £11,1511 29
Botanic Gardens Conservation International la company Ilmited hy guarantee) Notes fomjing part of the flnancÉal statÈment5 Icontlnuedl 13 Debtor5 Group 2022 Grtsup 2021 Companv 2022 Companv 2021 Amounts due within one year.. Grants, subscriptions and donations Amounts due from subsidi2ries Prepayments and accrlied Income 49,844 88,646 49,844 88,646 26,235 4,186 13,583 4,186 185,889 £63,427 £92,832 £225,733 £119,067 14 Creditors Group 2022 Group 2021 Companv 2022 Company 2021 Amounts falllng due within one year.. SBlaries and social securlty costs AmDunt due to subsidiarles Accrua15 and other crèditors 19,985 19,282 19,985 385 278,535 19,282 26,935 176,162 288,169 178,013 £308,154 £197,295 £298.905 £222,379 15 Operatlng lease commitments The company is eommltted to maklng the followlng payments during the next year In respect of operating leases, which expire In.. Land and bu51dlngs 2022 2021 Less than one ye8r £42,271 £41,485 16 Legal status of ihe company The company is a private company limited by guarantee and has no share capltal. The liability of each member in the event of winding-up Is Ilmlted to £10. 30
BotanSc Gardens Conseyvation Interhatlonal la company limited hy guarantee) Notes forming part of the flnancial statements Icontlnuedl 17 Recontlllatlon and analysis of movement of funds Dlrect pyolect Income expenditure Indlre¢t expenses At 31 Dec 22 AtlJan22 Restricted funds Askonas Holt Chanticleer Soclety Cr1tical Ecosystems Partnership DEFRA 9,749 7,475 12221 11.933 11,834 46,390 16,208 4,881 7,475 253 151,047 7,450 31 120.785 1,834 11,062 11911 39.802 7,650 35,328 2,393 9,800 Ecosia Etihad A4rways EU Horlzon 2020 Flora and Fauna International Fondatlon FTanklinla Forestry England Frankfurt ZooloEical Society Friends of Westonbirt Garfield Weston 11911 669 1,009,370 17,500 18,334 17,500 669 625,046 1,613 13,432 4,819 20.087 4,752 316,145 500,107 15,887 307 12,681 7,913 21,631 3,374 2,657 11,2851 2,161 106 200,362 14,595 28,000 21,815 2,813 2.118 14,5681 IMLS Innovation UKRI IUCN Keidanren Minnesota Landscape Arboretum National Geographlc Re: Wild Rufford Foundatlon The D3rwSn InltSative The Kloranp Institute The Rothschild Foundation US Forestry Service We5tonbirt Arboretu 561 276 1,285 35,903 4,463 14,451 1,606 8,217 738,312 872 92 6,010 18151 7,267 40,795 4,569 4,046 2,585 15,000 942,438 9.998 19,956 9,551 82 897 4,522 164,868 11,6081 13,262 17,970 352 2,500 71,925 17361 13,354 4,761 111,183 29,946 352 5,966 141 141 Anthony Hitchcock Fund Frfends of Bedgebury Fund Global Botanlc Garden Fund Royal Hortl£ultural Society Fund Small Garden Sponsor5hlp Fund Sylvia Scholarship Fund Stanley Smlth HoYticu5tural Trust Tree Conservation Fund Uk¥aine Fund 780 io 113,411 53,974 20,000 790 113,411 19,817 315 125 14,676 2,323 24,633 68,903 28,492 57,252 19.685 5,397 125 20,805 10,000 24,OlQl 2,000 8,071 7,536 58 141 iio 701 733 81,976 12,372 625,744 2,571,853 1,685,809 910,611 601,177 UnrÈstrlcted funds General Fund Net los% on investment 445,111 378,579 1292,9211 130,5341 s,235 Total EI,070,855 E2,950,432 EI,685,809 £11,234,066) £1,101,412 31
8otahlc Garéens Conservation International la Company limited by guarantee) Notes forming part of the flnancial statement5 Icontinuedl Prior yeurcompctmtlve Direct prolert Income expenditure Indirect expense5 At 31 Dec 21 At l Jan 2021 Restricted funds Askonas Holt Chantlcleer Society CHK Foundatior Critlcal Ecosystem5 Partnership DEFRA Ecosia Ernest Kleinwort Charltable Trust Etihad Alrways EU Horizon 2020 FondatlDll Franklinia Frankfurt Zoo5ogicèl Society Garfield We5tDn IMLS IUCN Keidanren MB7 Specles Con5ewation Fund National Geographic Rufford Foundation The Darwin Initiative Th? Klorane Institute The Rothschild Foundatlon University of Brtt15h Columbia US Forestry Servlce wtonblrt Arboretum 13,959 400 3,810 9,749 7,475 7,475 5,000 11,435 156,725 12,205 3,000 75,146 15,7321 1,120,030 5,221 50,000 3,021 1,786 20,329 s.0 11,3721 43,250 114,0121 110,3991 19831 91,143 371 12221 11,933 11,834 3,000 23,316 5,440 8,918 466,26Q 5,221 6,0 2,460 6,701 5,863 1,145 1,682 11,520 98,294 5,134 14.823 5,681 8,778 352 46,390 14,650 174,833 522,458 4,595 16,000 316,145 14,5951 28,000 561 4,915 7,003 1,145 22,531 14,202 7,267 I,ioo ,000 352,086 10,404 17,827 2,867 12,663 352 1,993 980 222,418 5,167 3,011 19,956 2.500 71,925 17361 13,354 40,551 18391 13,361 2,814 3,885 141 141 Anthony Hitchcock Fund Global Botanic Gardèn Fund Small Garden Sponsorship Fund Sylvia Scholarshlp Fund Stanley Smith Horticultural Trust Tree Conservation Fund 20CI 37,898 125 20,705 10,000 400 780 28,492 125 2D,805 10,000 24,010 95,131 95,024 9,513 loo 27,777 4,167 333,352 2,008,012 953,327 762,293 625,744 Unrestricted funds General Fund Net loss on investment 379,647 336,190 1298,1671 27,441 445,111 Total £712,999 £2,344.202 £953,327 ' £1,033,019 £1,070.855 32
Botanlc fjardens Con5ervalion Internatlonal la company limited by garantee) Note5 formlng payt of the flnancial 5tatement% Icontinuedl 18 Grants made for projects Academia de Clencias Nlledicas Fisicas Naturales de Guatemala Adam Micklewicz Unlversity Addis Ababa Unlver51ty American UnSversity of Iraq Afrlcan Forest Asociacion Colombiana de Herbarios Auroville Botanlcal Garden Baquelro Lulz 8rdckenhurst Botanical Garden Cambridge Botanlc Garden Centre for Highland N3tural Resour Governance Research Centre Suisse de Reeherches Scientiflques en Cote D'lvoire Chongqing Nan5han Botanic Garden CSIR Forest Re¢arCh In5tltute of Ghana Department of National Botanic Gardens Dr Cecilia Koo Botanic Conservation Center Ecosia Eye on the RainfLirest Fundacion Progresslo Gulxhou Botanical Garden Greens hlodiver5ity Sanctuary Halnan Norrnal University Hangzhou Botanical Garden Herbario Naclonal de Bolivia Huarango Nature Instituto de Ecologla Internatlon31 Council for Research in Agroforestry nternational Tree Foundation Jardim Botanico Ararlba Jardin Botanlco de Rio de Janeiro Jardin Botanico Universitatlo IBUAPI Kharkiv Botanic Garden KunThlnE InstitutE of Botany Les Cayes Botanic Garden Llttle Envlronmental Action Foundation Malabar Botanlc Garden Mauritlan Wildlife Foundatlon issouri Botsnlc Garden. Madagascar Morton Arboretum Mulanle Mountaln Conservation Trust National Authority for Preah Vlhear Orangutan Foundatlon Oxford Botanic Garden Perhitnpunan Ma5yarakat Etnobiologl Indon13 Pha Tad Ke Botanical Gardens Plan Vivo Provita ONG Pwani University 11,000 1,282 18,020 14,451 1,300 10,000 27,725 6,778 29,500 7,IXIO 36,343 6.500 9,000 10,431 26,000 36,494 io,ooo 9,125 9,0 9,700 8,000 9,077 11,OOD 26,558 3,000 128,476 13,917 42,285 22,000 10,000 4,598 16,500 9,800 2,000 11,000 11,D39 16,125 3,650 54,122 48,755 6,QOO 7,500 7,000 14,600 35,691 3,44L) 5,060 33
Botan4G fjarden5 Conservation International la Company Ilmited by guarantee) Notes formlng part of the financial statements Icontlnuedl Qinling National Botanical Garden Sabah Parks Sanya Academy Samoa Conservation Soclety Shanghai Botanical Garden Society for E¢ologScal Restoration Southern Institute of Ecology st Andrews Unlversity Tanzania Forest Servlce Tooro Botanic Garden Traffic International Unlversidad da Estadual da Paraiba Universlt3t Wien Zhejiang Forest Academv Zhejlang Agricultural & Forestry Unlversity Zhou5han Academy of Forestry Awards from the Global Botanlc Garden Fund Awards from the Ukraine Appeal Butsaries from the Royal Horticultural Society Fund Awards less than £l,QOO 9,000 6,500 7,714 49,391 9,0( 27,173 2,000 2,500 10,500 108,854 31,127 8.054 1,829 8,000 8,000 8,000 57,249 12,372 14,000 14,252 £1,225,357 Prioryearcomparoti¥e Addis Ababa Universlty Herbarium African Forest Asociacion Colomblana de Herbarios A59ciacion para la Ninez y su Ambiente Aurovllle Botanical Garden Cambridge Botanlc Garden Centre Sulsse de Recherche5 Scientifique5 en Cote D'lvoire CSIR- Forest Research In5titure of Ghana Oepartment of National Botanic Gardens Dr Cecilia Koo Botanic Conservation Center Eye on the Rainforest Forest Research Contre, Sabah Forestry Department FundBcion Progresslo Groupe des Spécialistes des Plantes Malgache5 Grèens Biodlverslty Sanctuary Hainan Unlversity Hangzhou Botanical Gaiden Herbario Nacion21 de Bolivla Huarango Nature Hunan Forest BcTrtanical Garden Instltute for Regionèl Conservation Instituto de Ecologia Internatlonal Councll for Research in Agrofore5try International Tree Foundation Jardlm Botanico Ararlba 9,830 17,441 10,000 10,734 11,5CK) 8,000 1,000 5,500 9,(0 18,NO 9,000 4,000 2,0ts0 14,6881 10,000 8,000 8,000 11,000 4.940 8,00 1,496 9,017 69,751 8,373 1,321
Botanlc Garden5 Conservation International la company limited by guarantee) Notes forming payt of the flnancial statements Icontinuedl Jardin Botanlco de Rlo de Janelro Jardin Botanlco Carlos Thay5 Jardin Botanico Universitario IBUAPI Les Cayes Botanic Garden Lopez Group Foundation In¢ Makerere Universlty Maurltlan Wildlife Foundatio Mlssouri Botanlc Garden, Madagascar Mozamblque Agricultural Research Instltute Mulanje Mountain Conservatlon Trust National Authorlty for Preah Vlhear NatureFSIi Oxford Botanic Garden Peaks Foundatlon Pha T3d Kè Botanlcal Gardens Provita ONG Qinlin£ National Botanical Garden Roy31 Botanit Garden. Victoria Sabah Parks Sanya Academy Samoa Con5ervatlon Soclety Shenyang ArbDr@tum Southern Instltute of Ecology Talca Unlversitv The Morton Arboretum Tooro Botanlc Garden Universitat Wien ZhejianE Forest Academv Zheliane Agricultural & Forestry Universlty Zhoushan Academy of Forestry Award5 from the Global Botanlc Garden Fund Awards less than £l,OOQ 20,000 5,167 11,330 8,000 4,800 8,500 14,000 1891 3,500 37,571 44,311 16,500 8,000 2,949 5,0( 8,000 8,000 2,866 6,000 8,000 22,385 8,000 7,000 17,500 27,700 3,DOO I,ooo 8,000 8,000 8,000 95,026 9,575 £688,806 19 Analysls of net asset5 between funds Unrestricted Restrl¢ted Totsl Tangible fixed asset5 Fixed ass@t investments Cash at bank and in hand other current assets Current liabilities 217,523 21,425 283,439 19,276 141,4291 217,523 21,425 1,107,191 63,427 1308,1541 823,751 44,151 1266,7251 Net assets at 31 December 2022 E500,235 £601,177 EI,101,413 35
Btstanic Gardens Conservatlon International la company limlted by guarantee) Notes formlng part of the financial statements Itontinuedl PrNoryeurcompurntive UnYe5tYlcted Re5trÈcted Total Tangible flxed assets Fixed asset investments Cash at bank and in hand Other current assets Current Ilabilltles 251,513 20,591 243,055 26,369 196,4161 251,513 20,591 906.671 119,067 1226,9861 663,616 92,698 1130,5701 Net assets at 31 December 2021 £445,111 £625,744 £1,070,855 20 Cash Flow Information Group 2022 Group 2021 Company 2022 Company 2021 Net Income per Income & expenditure statement Depreciation Investment Income I055 on disposal of property, plant & equipment Decrease/llncre85el in debtors Increa5e/ldecreasel in creditors Change in fixed asset Investments v3luation Unrealised currency revaluation Igainlllos5 on monetary assets 30,557 12,671 111,5051 357.853 9,277 15,4481 32,330 12,671 111,5051 358,991 9,277 15,4481 29,405 110,859 30,534 14,842 45,207 127,4411 1116,6661 76,525 30,534 110,9011 70,288 127,4411 7,090 7,759 14,0461 7,759 Net cash inflow from operatlnE activlty £209,611 £402,049 £19,844 £402,525 Group 2022 Group 2021 Company 2022 Company 2021 Investment income Proceed5 from sale5 of equipment Purchase of fixed assets Purchase of investments 11,505 5,448 11,505 5,448 113,5061 111,7721 I,506) 111,7721 Net cash (used Inl inve5tln8 actlvltles £12,001) £16,324) £12,0011 £16,324) 36