Botanlc Gardens Conservation International (a company limited by guarantee) Charlty No. 1098834 Company No. 04673175 Reports and Flnanclal Statement5 for the year ended 31-Dec-23
Botanic Gardens Conservation International la company limlted by guarantee) Trustee5' and Directors. Report for the year ended 31 December 2023 Contents Trustees, and directNs' rep)rt Independent auditors. report 16 Statement of financial activities 20 Balance sheet 21 Cash flow statement 22 Notes 23
Botanic Gardens Conservation International la company Ilmlied by guarantee) Trustees. and Dlrectors. Report for the year ended 31 December 2023 Reference and Administrative details of the Charity, its Trustees and Advisors Name of Charity: Botsnic Gardens Conservation Intemational (also known as BGCI) Charity registration number: 1098834 Company reglstration number: 04673175 Principal offic8: Descanso House 199 Kew Road Richmond Surrey TW9 3BW United Kingdom Trustees and directors: The following were truste8s and also directors of BGCI on the date tho report was approved.. Prof Stephen Blackmore - Chair Dr Nicole Cavender Mr Stuart Clenaghan Ms Karen Fawcett Mr Martin Gibson- Chair Finance and Audit Comrntttee Dr Charlotte Grezo Dr Ren Hai Ms Carmel Helene Mbizvo Ms Kirtida Mekani Mr Michael Murphy- Chair DevOpnt Committee HRH Princess Basma binl Ai bin Nayef Dr Mancela R(Klriguez-Acosta Dr Peter Wyse Jackson Ms Anna Quenby regned as a director on 5 March 2024. The directors of the charitable company are its trustees for the purpose of charity law and throughout Ihis report are collectively referred to as the trustees. Company Secretsry.. Ms Nicole Lee Secretsry General.. Dr Paul Smith
Botanlc Gardens Conservation International {a company Ilmlted by guarantee) Trustees. and Diredors. Report for the year ended 31 December 2023 Other relevant organisations: Bankers HSBC plc City of London Branch 60 Queen Victoria Street London EC4N 4TR Barclays Bank plc 1 Churchill Place London E14 5HP Auditors Knox Cropper LLP 65 Le8denhall Strèet London EC3A Z40 Reglstered Office Descanso Hous8 199 Kew Road Richmond Surrey TW9 3BW
8otanic Gardens Conservation Intemational la company limited by guarantee) Tru5tees' and Dirertors, Report for the year ended 31 December 2023 Structure. Governancg and Manaoement Constltutlon Botanic Gardens Consefvation Intemational was established as the Botsnic Gardens Conservation Secretariat by IUCN, the Wodd Conservation Union, at the beginning of 1987. In 1 it becam& separate entity and in 1994 changed ils naffE to Botanic Gardens Conservation International. On 20 February 2003, Botanic Gardens Conservation Internthonal (a company limited by guarant86) was incorporated. Charitable status was grarrted, and wrth effect from 1 January 2004. all assets, rights and liabilities were transferred from Botanic Gardens Conservation International to this new company. Botanic Gardens Conservation Intemational (the trust) became domant from this date. Botani¢ Gardens Conservation Intemational is governed by a memorarKlum and articles of association and the liability of the members is limited to £10 per member. Organisational Structurn BGCI is govemed by the Board of Trustees that meets quarterty to guide the organisation's work programme and to review management accounts, future development and other organisational matters. Day to day management of the charty is delegated to the Se¢retsry General, who acts as BGCI'$ chief execubve officer rep)rting to the Board. The Gharily 18 guided by the International Advisory Council. The Council consists of highly reSpted leaders of the èotanic garden and plant cons8N*on community. They provide technical and scientrfic guidance and advice on the strategic direction of BGCI. The charity has a Finance and Audit Committee which ffeets on a regular basi8 to review and monitor financial and risk management issues. The charity also has a t)ev8loprnent Committee which meets regulady 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 at any duly constituted meeting. The total number of Trustees shall be not less than three. Afflllatlon BGCI is a Woflthvide membership organisalion. BGCI is the guarantor for Botanic Gardens CoriseNation Intemational Africa Limited which was incorporated on 8 October 2018 in Kenya as a company limited by guarantee. BGCI has a sisler organisalion in the United Stsles of America.. BGCI US was established in 1998 and is register&J as a Not for Profrt Organisation in the Slate of Pennsylvania. It is lax exempt {IRS 0427 30954) and has 501 Ic) 3 status.
Botanic Gardens Conservation International la company limlted by guarantee) Trustee5' and Dire¢tors' Report for the year ended 311)ecembeT 2023 Fundraising Preference Service BGCI is registered with the Fundraising Preferen SeNice. Rlsk Managernent A Risk Register which considers the major risks facirrfJ the charity. their impact and likeliho¢xI of occurrence 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$$ is adequale to assess the major risks lo which the chantable company is exposed. Grants Made for Projects BGCI'S policy on making grants is set out in note 1{fj lo the financial statements. Volunteers and Donatéd S8rvlces and Facllltles BGCI'S policy on th8 value of these seNices provided is set out in note 1(1) to the financial statements.
Botanic Gardens Conservation Intematl¢nal la company limited by guarantee) Trustees, and Dirertors, Report forthe year ended 31 Decernber 2023 Objectives and Activities Objectives The objectives of Botanic Gardens Conservation Intemational as set out in the organisation's consts'tution are as follows.. To promote for the public benefft the conseNation and protection of plant species of the wortd, in particular the cultNation and rna1ntenan of suth plants by Botanic Gardens To promote the advanment of educth'on of the public a1 vocational training and research conceming such plants and their conservation To gather and disseminate informatson on wild plants cultivated or maintained in Botanic Gardens for the purpose of such conservalion To establish an international nelwork of plant resources via an irrtemalional database for the purposes of such conservation Publlc benefit When planning its objectives and aclivrtjes for the year. BGCI has considered the Charity Commission's guidanGe on public benefft. All of the charilable activities of BGCI focus on plant ¢ons8Nation and are undertaken to further the organisation's charitale purposes for the public benefit. BGCI Aim8 BGCI works vithin the estalsed I91n0s$ case arKI strategic plan for the 5 year period to December 2025. BGCI is in a prime position lo promote a more efficient, ¢ost-effe¢tive and rational approach to plant conservation in botanic gardens. We will do this by.. Savlng plants.. BGCI'S leadership role in the Global Tree Assessmant. Global Trees Campaign. Global Conservation Consortia, Ecological Restoration Alliance, Global Seed Conservation Challenge and International Plant Sentinel Network means that we are in an excellent position to catalyse and CO•ordinate conservation action within and beyond our oym neOrk. Insplring and leadlng people.. The botanic garden community is Stronger together, and greater than the sum of its parts. in areas such as policy, advocacy, maintaining professional standards and cost-effectiveness, provided that it is effectively led and ils actions are co- ordinaled. BGCI plays a pivotal role in ensuring that this happens through our policy work. leadership. cordinatIng r(Ae with regional networks, rThmbership and conveniro power. Sharlng knowledge and resources: Plant conservation. public eroagement and botanic garden management capacity is spread un8v8nly and inequitabEy across the globe. Inslitutional capacity is particularly weak in many developing countries and biodiversity hotspots. BGCI plays a crucial role in sharing infornialion. knowledge and skills betsveen different parts of its nefv4ork through its databases, Iraining and technical support activities.
Botanlc Gardens Conservation International la company limited by guaranteel Trustees. and Dlrectors, Report for the year ended 31 December 2023 Addressing global challenges through public engagement and education.. BGCI'S network of botanic gardens attracts hundreds of millions of wsitors eath year. and many gardens engage their visitors on sustsinalx'lty issues such as reducing carbon, water, energy and waste. However, changing visilor behaviour related to sustainaij'lity is not a mainstream activity in the wodd's botanic gardens. Despite the fact that gardens are ideally placed lo influence attitudes and behaviours. their visitors are generally high consumers. and shifting to more sustainable practices is consistent with their values. Ensuring an effective and resilient BGCI: BGCI'S institutional risk register itemizes financial, govemance, operational and reputational nsks to the organizats'on that are actively 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, induding communications, fundraising, sustsinability, IT infrastructure. dats protertion, Health and Safety, and regulatory compliance. Saving Plants In 2023 Global Tree Assessnth publish thè Red List of Dipierocarpaceae and the Red List of Timb8r Trees. The Global Conservation Consortion added a consortium for Ebenaceae. In addib'on. the Wollemi Pine metacollection project came to a SUCC3sful cor)dusKJn with an event at Bedgebury Pinetum attended by His Majesty lQ'ng Charles. The International Plant Sentinel Nelwork celebrated its tenth anniversary. A national-18vel approach was used to plan and deliver action for the threatened trees of Kenya and Ghana. In collaborats'on with the IUCN SSC Conservation Planning Specialist Group and CSIR-Forestry Research Inslitule in Ghana, we hosted a four-day workshop to plan action for Ghana's threatened tree species. focusing on 38 endemic species. other successful projects include conservation of Cinchona arKlerssonii in Bolivia funded by Fondalion Franklinia, IPSN monitoring of Emerald Ash Borer threat in Eastem Europe and biodiversity protection in Northem Cambodia funded by DEFRA and the conservation of imperiled oak woodlands in Kurdistsn. funded by Nats'onal Geographic.
Botanic Gardens Conservation International la company Ilmited b¥ 8uaranteel Trustees, and Directors, Report for the year ended 31 De(ember 2023 Inspiring and Leading People BGCI rnemtership grew from 731 to 870 instilLrtions. an irTrcrease of 19%. T.he 8th Southeast Asia Botanic Gardens neiwork Conference was held at the Makiling Botanic Gardens, Philippines, in June 2023. them1 around the Conswvation of Threatened Species in Southeast Asia's Botanic Gardens. In Cote d'lvoire seven taniC gardens and trx)tanical instrtutes met for the first time. facilttated by BGCI in November 2023. 23 staff received training on seed collectton and propagation techniques and protocol with trainers from Tcoro Botanical Gardens, Uganda, and BGCI. A workshop was held at Jardin Botanico Carlos Thays in Buenos ere$ in September 2023 aiming to enhance capacity and knowledge sharing with our Argentine partner gardens participating in the United States Forest Servictrfunded surveillance of key host tree species native to America. In Septwnber 2023 the world's botanical garden leaders met at Missouri Botanical Garden in St Louis. With 30 representatives from 13 countries. BGCI'S Intemational Advisory Council's annual me81ing, chaired by HRH Pnncess Basma bint Ai of Jordan. foGused on defining the role botanical gardens worldwide will play in achieving the goals of the Global Strategy for Plant ConseNation. In December 2023 the annual meeting of Chinese botsnical gardens was held in Shenzhen Fairylak8 Bolanical Garden, with soffe 500 participants from over 150 b)tanical gardens, institLrtes and universities rreetyng lo discuss plant conservalion and the management of botanical gardens. After 2022's successful Ukrain8 Appeal. the Council of Ukrainian Botanical Gardens and Art)orela together with Partnetships for Nature organised an in person workshop in October 2023 in Poland, bringing logelher 20 participants from ght botanic gardens in Ukraine, the first lime they had seen each other in person since 2020. Sharing Knowl•dge and Resources Cultivate goes out to over 13.000 Feople every monlh. We engaged 2,799 people through 69 training evenls, including 23 online training events reaching 1.107 FeopI8. We translated three key online training modules into Spanish.. "Com definir un Jardin Botanico" Politica de Coleccion de Plantas" and "Gestion de Datos de las Colecciones" We also released the new "Introjucb'on lo scien Communication" ffule. BGCI Webinars in 2023 included the hosting of the annual Marsh Awards ceremony, collaboration with SER on the Global Biodver5ity Standard webinar, intr(>duction of the Conservation Action Tracker arKI celebration of 10 years of IPSN. We also hosted 5 technical talks across our regions in different languages. In 2023 BGCI'S Global Botanic Garden Fund distnbLrted 87 grants worth USDO.25m to 61 institutions across 32 countries.
Botanic Gardens Conservation International la company limited by guarantee) Trnstees. and Dlreclor5' Report lof the year ended 31 Dember 2023 The 1 Ooth accredf(ation Sin the launth of BGCI'S Accreditation Scheme in 2018 marked the first accreditation for Ecuador. for the Jardin Botanico Padre Julio Marrero. Peru's first accreditation went to Jardin Botanico Parque de Las Leyend8s. Increases in visitor numbers for accredited gardens like Sculpture by the Lakes testifies to the value of the process. Addressing Global Challenges through Public Engagement and Education We used the Behaviour-cenlred Design framework in our DaThvin Intts'ats'v&funded project in Malawi to cultivate sustainable livelihood options from native plants and fungi in the Mount Mulanje Biosphere Reserve. Its public awareress prOgramrT y11 reach an estimated 75.000 people. In ils second year, the Global Biodiversity Standard workshopped the GBS assessment fflethodology. resulling in improved assessment criteria and evaluation processes. The methodology is bng tested and refined across diverse projects in Brazil. India, Kenya, Madagascar. Peru and Uganda. Our new partnership with Jardin Botanico de Bogota in Colombia will enhance our mission in South America, consolidating the strerWI of the Red Suadmèricana de Jardines Botanicos. We facilitated or supported gatherings of the Caribbean and Central America Botanic Gardens Nehyork. the Red Sudamericana de Jardines Botanicos. the Southeast Asia Botanic Gardens Nelwork. the European Botanic Gardens Consortium. the Chinese Association of Botanic Gardens and the American Public Gardens Asociats'on. En8urlng an Effective and Resilient BGCI Incorne of nearly £3.2 million was deOYed in over £2 million distributed in grants to partners and consultants and on workshops wortdwide. A further £1 million paid for 8GCI staff time directly supporting and directing these projects to suttessful out¢ons. We have 44 staff m8mber8 in locations stretching from the Philippines to Brazil and 14 Board Members with representsti¢)n from China. South Africa. Mexico and Singapo. io
Botanic Gardens Conserdation International (a company limlted by guaranteel Trustees, and Dirertors, Rep for the year ended 31 December 2023 Financial Review and Reserves The transactions of the charity are surnmarised on page 20 of the financial statements. with further details of restricted funds transactions in note 17 on page 32. The charity in common with many other similar charities receives its donation and grant income wtth fluctuations in timing and frequency. Payments are dendent on a number of factors such as the preference and cash flow of funders. the comFYetion of work and the submission of reports. In some cases funding is provided in advance of work arKI in other cases the charity pre-finances expendrture. Some funding is provided through medium temi agreements while olher funding has shorter agreements or is one off in nature. All of these factors contribute to the need for the charity to hold unrestricted resees. At the year-erKI net assets and total funds showgj a surplus of £627,01912022 £1,102,395) which was made up of restricted funds of £20,87512022 £602,159) and unrestricted funds of £419,154 (2022 £500.235). In 2023 the trustees aimed to hold unrestricted funds in the order of £500,OCI) buk the delay in the agreement of the IKI project resulted in an £81 k shortfall from this tsrget. The 2024 budget continues to target £500k unrestricted rvserves by year end. Investment Policy and Perforniane• Investment advisors, Rathbone Untt Trust Management. continue to guide the trustees, decisio making Gonsistenl wth the aim of growing surplus capital with a reasonable income and with a balanced or medium attitude to investffent risk. Sufficient cash is to be relained in current and deposil accounts lo provide for the regular experllUre associated wth the charÉty. BGCI invested £200.000 during 2018 in Rathbone's Core Investment Fund for Charities. Income in 2023 was £6,11412022 £S,228) The valuation al 31 December 2023 was £222.348 {2022 £217,229) reflecting th8 conts'nuing difficult global economic environment. BGCI aims to be a long term investor with these surplus funds. li
Botanic Gardens Conservation International la company limited by guarantee) Trustees. and Dirertors, Report for the year ended 310ecember 2023 Plans for Future Periods BGCI'S mission is to mobilise botanic gaenS and engage partners in securing plant diversity lor the well-being of people and the planel. The underlying assumption tehind this mission statement is that by growing, influencing and empowering our membership (and partnerships), we can bètter conserve plant diversity. encourage people to live in an environmentally sustsinable way and provide nefitS for people as well as the ecology of the planet. BGCI'S five-year goal is that more than 1000 t4)tanical organisalions in our nets•rk wll be playing critical role in preventing F4ant speaes extinctions and creats'ng a more sustainable planet. Our work towards achievement of the goal can be broken down into the following work Streats. Saving plants BGCI'S leadership rde in the Global Tree Assessment. Global Trees Campaign, Global Conservation Consortia, Ecological Restoration Aliance. Global Seed Conservation Challenge and Inlemational Plant Sentinel Netsyork means that we are in an excellent position to catalyse and ctrordinate conservation action wrthin and beyond our own network. During 2024. BGCI will submit andlor publish 90% of tree SF)ecies assessments to the IUCN Red List, including updates of assessments >10 years old. We will upjale the conseNation We will establish national tree conservation networks in at least two additional countries, seek corporate funding by developing the BIC methodolo3y for trees, and develop 1-2 projects where we partner bmth in situ conservation organisats'ons in tree conservation actions. We will bring a further 10% of threaten&Y GCC species under in situ con8ervation action and 15% under improved ex citu conservatson. We wll initiate gap analysis for GCC Confiers and get GCC strategy developed and adopted by all GCCS. We aim to have al least 15 implementing partners in at least 10 countries committed to hosting GBS hub5. th the GBS official launch targeted or UNFCCC or CBD COP. We will identify key partners and funds for 1-2 projects focused on promoting sustaina8 management of socifreconomically important SFecies. We will work to align seed conseNation targets for Europe that refiect 2023 GSPC targets, facilitating at least 2 seed conservation meetings and organising a training course on exceptional speci8s conseniation techniques We will hold a regional workshop on the eastern Europe Emerald Ash Borer surveys, grow the IPSN network, and continue to collect data and investigate invasive species and biose¢urity applications. Inspiring and leadlng people The botanic garden community 1$ stronger t(•, and greater than the sum of its parts in areas such as policy, thocacy. maintaining professional standards and cost-effecliveness. provided that it is effectivelylgj, arKI its actions are cfyordinaled. BGCI plays a pivotal role in ensuring that this happens through our policy work. leadership, C¢>ordinating role with regional neOrkS, membership and convening power. Based on the 2023 GSPC targets we wll develop specific indicators and reporting for each of the voluntary ¢omplementsry athons 12
Botanic Gardens Conservation Internaiional la company Ilmlted by guarantee} Trustees. and Director5, Report forihe year ended 31 December 2023 We will attend COP29 aTrJ the CITES Plants andlor Standing Committee, we will develop policy briefs for CBD Parties on planl species conservabon and promole the use of the GlobalTree Portal and Conservation Action Tracker to policy and decision makers. We will increase collaboration vAth Forest Research and Observatree in the UK and develop partnerships wlh Reverse the Red and National Seles Specialist Groups in at least three countries, as well as deepenirKJ partnerships with Species 360. Restor and the End Wildlife Crime Coalition. We will launch the campaign on illegal plant trade. aiming to reach at least 5 million people. CITES Plants or Standing Committee wll sh¢)wcase the BGCI CITES certification and we will O-host an everrt at CBD COP16 showcasing the Globarrree P¢)rtal, the Conservation Aciion Tracker and our ABS certTrfication. By July 2024 we will publish the Technical Review on botanic gardens, work in combatting the illegal trade in wild plants, followed up by a face to face IAC meeting at 8GBGC. Regional network sessions will be held for India, Oceania, East Africa, China, South East Asia and the CCABG. We aim lo grow membership to 950 in 2024. hold the 8th Global Botanic Gard8n Congress, run the Seed Conservation Challenge Awards and Marsh Awards, and the Leon Levy scholarships for the Cartagena Congress and BGCI Congress bursaries. Sharlng knowledge and resources Plant conservation. public engagerrent and botsnic garden management capacty is spread unevenly and inequitably across the globe Institutional capacity is particularly weak in many developing countries and biodiversity hotspots. BGCI plays a crucial role in Sharing infonnation. knowledge and skills belween different parts of its network through its databases, training and technical support activities. We will promote the BGCI Accreditation Scheme through regional technical sessions, as well as the adoption of BGCI compliance certification. We will negotiate cfrbranded accreditation with al least one national or regional netsvork. We aim to reach 800 individuals through factrt¢>face and online training, extending our Spanish and French language provision and adding new training modules on safeguardir and "how lo save a tree" {in conjunctron with Morton Arboretuml. We will launch the pedigree and propagations protocol modules and dèvelop more requesl, query and communication tools. We aim for al least 20¢ of gardens in each region to have updated their Plantsearch laxa list and Gardensearch profile, and for al least 100 organisations to use Index Seminum to request material We will develop at least seven policy briets on the importance of plant species conseNation and we will work wth Cambridge Botanic garden on the BGSmarter colltIon assessment to be offered as a member benerrt Activity in the regional hubs wll include development of conseNation needs in Central Asia, coordinating the implmentation of the Leon Levy Project for Ihe CCABG network, seeking funding for a Bogola Botanic Garden project. expanding the role of BGCI Africa in tree onservation and forest reslorats'on, developing a funding propjsal for Southeast Asia, focusing on threatened tree conservation and agroforestry projects. 13
Bolanic Gardens Consepéation International la company limited by guarantee) Trustees, and Difectors. Report for the year ended 31 De¢ember 2023 We will disburse at least £2 million to partner organisations. including GBGF grants with funding from ts Global Geffle Initiative. the US Foresty Service aTrJ GCC. Addressing global challenges through public engagement and educatlon BGCI'S network of botanic gardens attracts hundreds of millions of visitors each year, and many gardens engage their visitors on sustainabilty issues such as reducing carbon, water, energy and waste. However, changing visitor behaviour rdated lo sustainability is not a mainstream activty in the Yr1d'S botanic gardens. Desprte the fact that gardens are ideally placed to influence attitudes and behaviours. their visitors are generally high consumers. and shifting to mre sustainable practlces is consistent with their values. We intend to establish an engagement nefvnrk to be used by at leaset 100 educatorsl botanic garden professionals and we 11 expand our education consortium to include African and Asian representation We will support behaviour change engagement activtknes and monitoring and engagement messaging artivities in the Darmn Malawi and Vietnam projects Ensurlng an effectiv8 and resilient BGCI BGCI'S institutional risk register itemizes financial, govemance, operational and reputational risks to the organizalion that are actively managed in order to minimize any vulnerabilities. In order to ensure a robust ar)d resilient organization, further work is required in some areas of BGCI'S l)usiness, including communications, fundraising. sustainability, IT infrastructure, dats protection, Health and Safety, and regulatory compliance. Regional work will include exploration of hub possibilities in Samoa, Colomts'a and South Afnca, with strengthening of existing resource in Kenya and Southeast Asia. We will improve communication through existing thannds. like culb.vate and newsletters and actively promote BGCI program1$ arKI services via the website and on social media, ensunng staff are trained lo implerrent the BGCI communications strategy We will establish a BGCI comrrerGial entity to market and deviver botanical conservati¢Jn services. selling at least 5 tree recovery projects to corporate sponsors and raising at least £3 million from all sources cOrnrrrClal non-commercial in 2024. We will identify and Imement sustaina1e policies and ethical investment opportunities for BGCI. We will make Finance processes more efficient. robust and value•added. We will updale IT infrastructure and identify opportunities for further efficiency and enhanced controls. 14
Botsnlc Gardens Consenntion International la company Ilmlted by guarantee) Trustee5' and Directors. Report tor the year ended 31 December 2023 Directors, and Trustees. responsibilities for financial statements Charity and company law require the trustees to prepare finanal ststements for each financial year which give a true and fair view of state of affairs of the charity and of the surplus or deficit of the charity for that Feriod. Under company law the direciors must not approve the financial statements unless they are satisfie(J that they give a true and fair view of the stste of affairs of the company and of the income and expenditure of the company for that period. In preparing those financial staterr£nts, the trustees are required to: seled suitable accountirvJ policies and apply them consistently., observe the methtrjs and prinaples in the Chanlies SORP,. make judgements and ests'mates that are reasonaÈ4e and prudent: stale whether appli¢atrAe UK accountirKJ starKlards and statements of recommended practice have been followed. subj8Ct to any material departures disclosed and explained in the financial statements., prepare the financial staterrts on a going concem basis unless it is inappropriate to pr8sume that the charity will continue in oper*ion. The trustees arè responsible for maintaining adequate accounting records vthich disclose with reasonable accuracy al any time the financial position of the charity and to enable them to ensure that the accounts comply wth 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 dlsclosure to audltor {a} so far as the trustees are aware, there is no relevant audrt information of which company's auditors are unaware. and (bl they have taken all the steps that they ought to hav8 taken as trustees in order to make themselves aware of any relevant audit infonnation and to establish that the company's auditors are aware of that information. Small companies reglmè This report has been preparwj taking advantsge of the exemptions for small companies within Part 15 of the Companies Act 2006. On behalf of the Board: Prof Stephen Blackmore- Trustee 22 May 2024 15
Independent auditors. report to the members of Botanic Gardens Conservation International la company limited by guarantee) Opinion We have audited the financial statements of Botanic Gardens Conservation Intemational (the 'charrtable company'l for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balan Stteet, Statement of Cash Hows and notes to the financial statements, including a summary of signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reports'ng Standard 102 Th8 Financi81 Reporting standard epplicable in the UK and Republic of Ireland (United Kingdom Generally ACpIed Accounting PractlC81. In our opinion the financial statements: give a true and fair view ofthe state of the charitable companvs affairs as at 31 December 2022 and of rts income and expendiiure for the year then ended., have been proFer1y prepared in accordance with Unf(ed Kingdom Generally Accepted Accounting Practice,. and have been prepared In acrdance with the requirements of the Companies Act 2006. Basls of op5nlon We ndLld our audit in aGGordanGe with Inlemational otandards on Auditing {UK) {loAs {UKII and applicable law. Our responsibilities under those standards are furlher described in the Auditor's responsibilitie$ for the audff( of the financial statements Section of our report. We are independent of Ihe charitabl8 company in accordance with the ethical requirements that are relevant to our audit of the financial slatements in the UK. including the Financial Reporting Council's (FRC) Ethical Standard, and w8 have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropnat8 to provide a basis for our opinion. Concluslons relatlng to golng concern In audrtin9 the financial statements, we have concluded that the trustèes, use of the going CA)ncern 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 chantable company's abilty to continue as a going concem for a penod of at least twelve months from when the financial slalements are authorised for issue. Our responsibil'rties and the responsibiltties of the trustees th respect to going concem are described in the relevant sections of this report. 16
Independent auditors, report to the members of Bolanic Gardens Conservation International la company limited by guarantee) Other inforniation The other infomation comprises the infornation induded in the annual report, other than the financial statements and our auditors, port thereon. The Trustees are responsible for the other infomiation. Our opinion on the financial stst8ments does not cover the other inforrnation and, except to the extent otherwise explicitly stated in our report, we do not express any forn of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so. consider whether the other infomalion 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 detemine whether there is a material misstatemènt in the financial statements or material misstatement of the other infomiabon. If. based on the work we have p8rfomed, we Conclude that there is a material misstatement of this other infomiation; we are required to report that fact. We have nothing lo report in this regard. Oplnlon on other matters proscrfbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomialion given in the Trustees. report. which includes the directors, report prepared for the purposes of company law. for the financial year for which the financial statements are prepared 18 con8iStent with the financial statements.. and the directors. report included within the Trustees, port has been prepared in accordance with applicable legal requirements. 17
Independent auditors, report to the members of Botanit Garden5 ConseNatlon Internatlonal la company limited by guarantee) 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 th8 audrt, bV8 have nol identified matenal misstatements in the directors, report included within the Trustees, report. We have nothing to report in respect of the followng matters where the Companies Act 20C6 requires us to report to you rf. in our opinion: adequate a¢¢ounting records have not been kept, or retums 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 rtain disclosures of Tnjstees, remuneralion specified by law are not made" or we have not received all th8 infomiation and explanations we require for our audit., or the Iru$t88s were not entitled to prepare the financial statements in accordance with the small companies, regime and tske advantage of the small companies, exemptions in preparing the trustèes. report and from the requirement to prepare a strategic report. Ro$ponslbllltlos of Trustees As 8xplained more fully in the Trustees, Responsibilities Statement, the Trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied Ihat they give a true and fair vw, and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement. whelher due to fraud or error. In preparing Ihe financial statements, the Tnjstees are responsible for assessing the charitable company's ability to continuè as a going concem, disclosing, as applicable, matters related lo going concem and using the going concem basis of accounts'ng unsS the Trustees either intend to liquidate the company or to cease operation8. or have no realistic alternatlV8 bul to do 80. Audltorfs responslbllitles for thg audit of th• financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a wholè are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalem8nl when it exists. Misstatements ¢an arise from fraud or error and are ¢on5idered malenal if, individually or in the aggregate, they could reasonably be expecled to influence the economic decisions of users taken on the basi5 of these financial statements. 18
Independent auditors. report to the members of Botanic Gardens Conservation Intemational la company limited by 8uaranteel Irregularities, including fraud, are instsnLYs of non-complian wth laws and regulations. We design procedures in line with our responsibilrties, outlined above. to deted material misstatements in respect of irregularities, induding fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is delailed below.. The Charitable Company is required to compty with both company law and charity law and, based on our knowledge of its activities. we identsfied that the legal requiremènt to accurately account for restricted funds was of key significance. We gained an understanding of how th8 chariiable company complied with its legal and regulatory framework. including the requirement to properly account for restricted funds, through discussions wth management and a review of the documented policies. procedures and controls. The audit team, which is exFerienced in the audtt of charities, considered the charitable company's susGeptibilrty to material misstatemenl and how fraud may o¢Gur. Our considerations included the nsk of management ovemde. Our approach was to check that all restricted income was properly identified and 88parat8ly accounted for and to ensure that only valid and appropriate expenditure was charged to restricted funds. This included reviewing joumal adjustments and unusual transactions. A further description of our responsibilities for the audit of the financial statemerrts is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. Thi5 description forms part of our auditorfs report. Use of the audlt report This report is made 801ely to the charitable companys members. as a body, in accordanc8 Wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken, so that we might slate to the charitste Company's members those matters we are required to State lo them in an audilorfs report and for no other purpose. To the fullest extent pernttted by law, we do not accept or assume responsibility to anyone other than the charitable Gompany and the charitable company's members as a body, for our audit work, for this report or for the opinions we have fomied. Shoaib Arshad Senior Statutory Audltor for and on behalf of Knox Cropper LLP statutory Auditors 65 Leadenhall Street London EC3A 2AD 14 August 2024 19
Botanic Gardèns Consètvatlon Intematlonal la company Ilmiied by 8uarantee) Consolidated statément of Flnandal Actl¥llSes (Incorporatini an Incomt and EXpendIre ACCO) For the year ÈThled 31 DtcÈmlxr2023 Notes 2023 Total 2022 Totsl Income Income from charltable actItIes 2,&51,077 383.514 3,044,591 2,751,315 Donatlons 92,453 13,792 106,244 187,613 Investment income 2L693 21.693 11,505 Total Income 2.753.S30 418.998 2 950 433 Expendlture Expendlture on tharltable actlvitle5 13.147,8141 1416.9831 13.564,7971 12,799,990> Cost of raisSng funds 188.2161 188,2161 188.369 Total expendlture 3 147 814 505,199 3 653 013 2 888 359 Net Incomellexpendltur¢l and n•t movement In fundsfoi th• y•af beforn 105595 on Instm•$ 13942841 186,21JOI 1480.4841 62.074 Net 8alns/llossesl on Investments 12 5,119 N•t Movement In Funds 1394,2841 18L0811 1475.3651 31.540 R•conclllatlon of funds Total funds brou8ht forward 602,159 SCII.235 1,101,412 1.070.855 Transfer between funds Total funds ¢arrled forward £207 75 £419.154 £627 029 £1.102.395 All arnount5 relate to continuln8 operations There were no materlal iecognlsed Balns or losses other than those Included in the 8aln5 and losses above, and therefore no separate statement of total re¢o8nlsed galns and losses ha5 been presented. 20
Botanic fjardens ConseNation International la company limlted byguaranteel Consolidated Balance Sheet For th• year eled 31 DKember 2023 Gn)up 2023 Company 2023 Company 2022 2022 Flxed assets Tan8ible fixed a$5ets Investments li 12 29.836 222,643 252,479 22.406 217,523 239,929 28,341 226,098 254,439 21,426 220,978 242.404 Current assets Debtors Cash at bank and in hand 13 49.465 552.314 601,779 63,427 1.107,191 1,170.618 65.981 536,105 602,086 235.733 928,558 1,164.291 Uabllltl¢s Credltor5'. amounts fallin8 due withln l yr 14 227,229 308,153 222,194 298.904 Net current ats¢ts 374.550 862,465 379,892 865,387 Total as5ots less current Ilabllltles £627.028 £1.102.394 £634.330 £1,107,791 Funds Aestricted funds Unrestrlcted funds 17, 19 17, 19 207,875 419,154 £627.029 602,159 500,235 £1,102,394 207,409 426,922 £634,331 592.125 515.666 £1,107,791 These accounts have been prepared in accordance with the prs1OnS applicable to companles subject to the small companles, reglme. Approved by the Board of Directors on: 22 May 2024 signed on Its behalf by: Professor Stephen 6la¢kmore 21
8otanic Gardens Conservation Irrternational la tompany Ilmlted by 8uaranteel tob>1#1ated Cash Row Ststernert Forihe year ended 31 December 2023 Statement of cash flows Notes Group 2023 Group 2022 Comp•ry 2023 Company 2022 Cash flows from operatln8 artivitles 20 1552.0971 209,611 1391,5161 19,844 Cash flows from Investing titIeS 2,950 4.793 12,0011 Cash flow5 from finanun8 actiyities 549,147 207,610 386.723 17,843 Reconcillatlon of 14et Cash Flow to Mowments In Net In¢rease/lde¢reasel In cash In the year 1549,1471 207,610 1386.7231 17.843 Cash and cash equivalents at the be8lnning of the reporting perlod 1,107.191 .671 928,558 gJ6,671 Change in cash and ¢ash equlvalents due io ex¢han8e rate movements 15.7301 17.0901 15,7301 4,046 Cash and cash eoulvalents at the end of the reportln8 period S52,314 1,107.191 536,105 928.558 An4lys15 of cash and cash equlvalents Group 2023 Group 2022 Compary 2023 Company IOZ2 Cash in bank and In hand Deposit accounts 220.372 331,941 352,707 754,484 204,161 331,943 174,074 754.484 552,314 1.107,191 536,105 928,558 The attached notes form part of these finan(ial ststements. 22
Botanic Gardens Conservation Intemabonal la company Ilmlted by8uarantee) Not•5 formln8 Part of the finandal 5t3temqnts Accountlng policies fountin8 nventi These financial statements have been prepared underthe hlstod¢al cost convention, and in accordance with applicable accounting standards, the Companies Acl 2r. the Charitte5 Act 2011. the ChaTlties SORP 2 IFRS 1021 and the Finan¢lal Rèporting Standard IFRS 1021. The prlnclpal accounting pollcles adopted in the preparation of the financial ststements are set out below. Thè company Is reglsiered In England wlth reBlstration number 04673175 and its reglstered office is Descanso House. 199 Kew Road. Rlthmond. Surrey. TW9 3BW. UnSted Klngdom. These financial statements are presented In pounds sterllng %thlth Is also the fvnrtional currency ol the company. The consolSdate(l financial statements comprise a consolid•titsn of iht financlal statements of Botanle Garden5 Con5ervatlon Internatlonal and its subsidlary. a company IlmSted by 8uaranlee. Botanlc Gardens Conservatlon Internatlonal Africa Limited. The fUl.0wnefl subsidiary 8GCI Tradln8 has been dormant slnce in¢orporatlon and Is Included in the consolidated accounts at cost. The charity meets the definition of a public benefit entlty under FRS 102. The trustees have considefed the financial p051tlon. forecasts and ¢ash flows of the organlsatlon and are satlsfled that r( Is approprlate to prepare the accounts on a 8oln8 concern basls. bl Depreciat Computer equipmenl 15 depreciated at 25% per anrtum on a straight-line basi5 In order to wrlte off the cost of the assets over theSr estimated useful lives. Fund accountlnB General funds are unrÈstrtcted funds whkh are available for use at the dlscretlon of the trustees In fvrtherance ofthe Benerzl obtIVeS ofthe chaflty and whlch have not been desl8nated for other purposes. Designated funds are funds whlch are established by the Board from time to tlme for specllic purposes. They are not restrlcted funds and any suiplus or defiat remaining when the fund 15 closed wlll be transferred to or frorn the general funds. Restricted funds are funds whlch are to be used In accordance wlth 5peciflc restrtctions imposed by donors or whlch have been ralsed by the charity for particular purposes. The alm and use of each restricted fund is Set out in note 17 to the financlal statements. dl Income Voluntary income including don3tions. gifts and le8acies and grants that provide core financing or are of general nature are recognised where there is entillemenL certainty of receipt and the amount can be measured with sufflclent rellability. 23
Botani¢ Gardens Conservatlon Intematlonal la company limlted guarantee) Note5 forniing part of thefirtanclal statements Icont) Such income is only deferred when the donorspeofies that the grantor donation must only be used In future accounting periods or the donor has imposed condltbons whlth must be met before the charFty has unconditional entitlement. Investment income is reco8nised on a receivable basi5. E¥peThJlture ExpendityTe Is recognlsed when a Ilabillty is inojrred. Costs of raising lunds are those tosts Incurred in attractlng donations and grants. Charitable acts'vities include expenditure associaled with the conservation and protertion ol plant species of the world indudin8 fe5earth, education and vocalional tralnlng and the dlssernin3lion ol information. Govemance costs Indude those Inojrred In the governan of the charity and Its assets and are primarily associated with consitutional and statutory requirements. Support costs Include central functlons ond have been allocated to actlvlty to%t categorles on a basis consistent wlth the use of resources, e.g. allocailng property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usa8è. Grants Grants are awarded to members or other conseryatlon or8an15atlons, who have a8red a partnership In order to undertake direct, on-the-ground plant conservauon projects that achleve the oblectlve5 of BGCI. P•nsl¢n ¢tssts The company operates a defined contrfbutlon penslon scheme. Contrlbutlons are charged to the unrestried lund as they become payable In accordance wtth the rules of the scheme. For01 ¢urrrty rran5artion5 in foreign currenoes are translated into sterling at the rate of exchange rulln8 at the date ol the transaction. Assets and liabilitie5 at the year-end arè eonverted into sterlin8 at the year-end rate. Any loss orgaln on forelgn currenry converslon ts charged overhead expenses as Incurred. Voluntèers and dtsnattd sr¥lcts and fadlllles The value of services provided by volunteers is not in¢orporated into thèse financial statements. as It is not consldered slgnfflcant. Where services are provided to thè tharity as a donation that would normally be purchased from our supplies, thls contribution is irKlu(led in the financial statements at an e51imate based on the value of the ontribution to the Charity. Taxatlon As a re8lStered tharity. the company 15 exemptfrom liabilityto UK corporation tax on its charitabl aCt&tIes. Jis actrve subsidiary BGCI Africa is a company limiled by guarantee and is liable to Kenyan corporation tax on any taxable net profits. 24
Botsnic Gardens Conservation Internatlonal la compary limited by guzrzrtteel Note5 fomlng part of ihe finan¢lal sl•tements Icontinwll Leaslng arranMeThts Rentsls payable under operatin8 lease5 are thar8ed to the unrestricted reserves on a 5traight-Ilne basls over the leaseterm. Fix¢d assèt Imiestmènts Investments are a form of finanual instrument and are Initial reco8nised at thelr transartlon costs and subsequenlly measured at their fair value at the balance sheet date using the quoted market prlce. The statement of finandal activities includes the net 8ains and losses arisin8 on revaluatlon. Cash at bank 3Th1 In hand Cash at bank and in hand includes cash and short term hhly liquid investments with a short maturity of three months or less from ihe dale of ocquisilion or openln8 of the deposit or slmllar accounts. Dderred Income Deferred income relates to 8rant and contract income where the ternis of the 8rant 5tlpulate that the income is to be applied In future periods. Basls of consolldatlon The Consolidated Statement of Finandal Actlvities and Balance Sheet consolldate the financlal statements of the charity and ils subsidiary. BGCI Afrira. on a line by line basis. No individual SOFA Is preparèd showlng the Charlty's own result lor Ihe year as this 15 shown by way of Note 10, In accordan wlth settion 408 ofthe Qmpanles Aci 21))8. Incom• liom dritable aclmtles 2(123 2023 R•strbct4d Unrèstrltttd 2023 Tolal 2022 TDtal Grant5 received Membership fees Sundry Income 1659.523 S.(0 353.515 24.999 2.664,523 353,515 26,553 2.429.895 313,008 B,412 L554 2.661,077 383.514 2,751,315 Oonatlons 2023 Restrlrted Unrestrfcted Z023 Total 2022 ToLIl 92.453 13.792 106,244 187,613 2S
Botsnic Gardens Conservation International la tompany Ilmited by 8uaranleel Notes forniiry part of the finaTraI statements Icontlnuodl Investm•nt Income 2023 2022 Income distribution from investment Interest on cash depostts 6,114 15,579 5,228 6,277 21,693 11.505 Antysi$ of expendliure on dmrltswe acthftles and costs of ralfundS Costs of Chafltable ralslnglunds actfvltl•s Support Govefnan ¢o$ts 2023 Total Staff costs Grants Consultants and work5hop5 PrintSn8 and distribution Travel Other dlrett costs Rent and service5 Administration costs Depreciation & loss on dlsposal Allocatlon of Bovernance costs Reallocatlon of 5UPPOrt costs 88.166 124.102 17,348 1,199,121 1,769,068 266,974 13,290 127,461 93,348 42,592 130,461 10,698 1.769.C68 257.9E 4.437 9S.370 93.348 9,014 8A53 29,398 2,693 42,592 12S,093 9.572 20,041 368,665 5.318 1.126 20,C41 368.665 88.216 3.564.797 3,653,013 Included in rent and seThices are donated seNces of£6.(W12022 £6,(IxII. Prioryeor compcrutive Costs of Charltablè rJlsln8 fvnds •¢tS¥lli•s Support tosts Governanc• costs 2022 Total Staff costs Grants Consultants and workshops Prlntin8 and distribution Travel Other dlrett costs Rent and seivices Administration costs Depreciation &1055 on dlsposal Allocation of govemance costs Reallocalion of support ctssts 88.319 811,020 1.225.358 247.433 5.633 140,270 46,OCQ 88,638 16,943 1,004,920 1,225.358 258,2(K) 15,175 179,375 46,0(K) 40,745 106.897 12,671 10.767 9.542 39.105 40,745 106.130 12,671 17,660 1325,2581 717 117.6601 325,258 88.369 2.800.972 2,889,342 26
Botanic Garden5 Conservati(>n IrTtemational la company limlted by guarantee) Notes forniin8 P•rt of the financial statement luxrtinuedl Analysls ot8(Nemance and 5UPPOrt Costs The company intially identifies the costs of its support function5. It then identifie5 those costs which relate to the governance functlon. Havln8 identlfied Its Bovernance costs, the remaining SUPPOrt costs together wlth the govemance costs are allocated to the costs of ihe charitsble artivltles. Net incomellèxpefidfturel lor the year Net incomellexpendilure for the year is stated after thargin 2023 2022 Depreciation and loss on dlsposal Audlt fees Non-financial ststements audit fee Fees pald to audrtors for nDn4udit seryl¢es 10,698 6,959 6,240 L800 9,277 6.674 1,5 1,680 Stsff costs and the $1 of kny man•ym•nt 9•T%n 2023 2022 Total remuneration-. Salaries Social securlty COSIS Penslon costs 1,063.919 84,926 50.275 873.621 78,028 53,271 1,199,120 1,004,920 The average number of persons employed during the year was.. 2023 2022 Management Proeramme stafl Admlnlstratlon 24 22 The key management personnel of the tharity comprise the trustees, the Se¢retary General and the other members of the senlor mana8ement team. 27
Botsnic Gardens Conservation Interrutional la company lirniied bYBuaranteel Notes formlnK part of the financial statement Icontinuedl 2023 2022 Total employment benefits of key management personnel 462.924 382,260 The number of employees whose employee benefits lexdudin8 employer pension costs) exceeded £60,OC4) was: 2023 202Z £70.Cl.E80.¢>j) Employer'5 penslon coniribution for the hl8hest pald employee £9,558 £9,371 Tru51ee rernuneratlon and exp and related partytr•nsadions No remuneration was paid to the directOTS or trustees durin8 the year. NILwa5 reimbursed to any dlre¢tor In 2023 for travel and accomrn¢xlotlon c05ts12022 £11611. Durfn8 the year. BGCI re¢elved £40.1tt1 as matched glvlng from The Gibson TrusL a charltsble Trust that has one Trustee In common. Thls Was reco8nlsed as Incorne In the yeor, le5san attrual of £15,C(Q at 2022 year end. No dire¢tor or trustee or other person related to the charity had any personal Interest In any contract or transaction entered into by thetharity during the year12022 NIL). io Surplus forth• financlal y••r As permltted by section 408 Companles Act 2{, Botanic Gardens COnservatn Intematlonal's individual Statement ol Flnandal Actlvltles ha5 not been Included In these financlal statements. The surpluslldeflcitl for ihe vear is as follows: 2023 2022 Botanlc Garden5 Conseryation International'5 individual 5urpluslldeficitl for the flnanclal year 473.460 32,330 28
Botanlc Gardens ConseNatlon International la tompary Ilmlted by guarantee) Notes forn?ing part of the finaNial ststements Icontinuedl li T¥nglble Ilxed assets Computer equipmert Cost: At l January 2023 Addltlons In the year Dlsposals Loss on translation At 31 Oecember 2023 87.741 18,743 805 105,679 Depreclatlon.. At I january 2023 Charge lor the year Accurnulated depreu¥tlon on disposals Galn on translatlon At 31 December 2023 65,365 10,695 219 Net book value.. At 31 December 2023 £29 838 At 31 December 2022 £22,376 12 Flxed ¥55et In¥•stffl•hts (all 8roup fixe(l asset investments are attrobutsble to 6GCII Group 2023 Group 2022 Company 2023 Companv 2022 Unlt twsts 8GCI TradSng timited 8otanlc Gardens Conservation Intematlonal Afdca Llmlted 222.348 217.229 294 222,348 294 3,455 217,229 294 3,455 £222.642 £217,523 £226.097 £220,978 Movement In unlt trusts 2023 2022 2023 X122 Value broughi forward at I january Addiiions to investments at cost Net gainlllossl on revaluatlon 217,229 247.763 217,229 247.763 5.119 130.5341 5,119 130.534 £222,348 £217,229 £222.348 E217,229 The unit trust investments are carried at their fair value. 0 5th December 2006 the company formed a ICKJ% subsidiary company, BGCI Tradin8 rnited. re8lstered In England th re8istration number 06019325. The regt51ered office 15 Descanso House. 199 Kew Road. Richmond, Surrey, TW9 3BW, United Kingdom. Since incorporation this company has remained dorniant. The share capital and reserves of BGa Trading Umited at 31 December 2023 totalled £1. This investment is Carried at cost.
Botsnit Gardens Conservatlon Internatlonal la company limlted by guarantee) Notes ftlrming part ol the financial statements (continued) On 8th October 2018 the company formed a subsidiary tompèny. Botanit Gardens Con5erv3tion International Alrlca Llmltetl. reglstered In Kenya with registration number CLQVXFAEQ. The company 15 limited by guarantee and Botanic Gardens Conservation International is the 8uarantor. Its registered address is LR7413110, Mukoma road oft Ma8adS Road. Nalrobl. Kenya. eGCI Afrlca Lirnlted X123 2022 Total Income Costs Net galnslllossesl on Investments other galnslllossesl 293,194 1302,7621 78.499 168,6131 7,663 110,6771 Surplus/ Ideficltl for the year 791 Retalned surpluslldeficltl brou8ht forward 11,9421 11,Isii Retalned surp1u{derIot) ¢arrled forward 1,942 Gross assets at 31 December 18,376 180,832 Gross liabilities at 31 December 122,2231 1182,7731 Reserve5 at 31 December 3,847 1,941 13 Debtors Graup 2023 Group 2022 Comp•ny 2023 Company 2022 Amounts due wlthln one year- Grants, subscriptions and donations Amounts due from subsidiaries Prepayments and aurued income 48.121 49,844 47,771 16066 1.343 49,844 1.343 13,583 185,889 £49.464 £63.427 £65,980 £235 733
Botanic Gardens Conselvation International la company limited byguaranteel Notesfomilng part of the finandal stsiements lUtInued1 14 Credltors Group 2023 fjroup 2022 Companv 2023 Company 2022 Amounts falling due within one year. salae$ and s0¢ial securlty ¢OSts Amount due to 5ubsidiarie5 Accruals and other creditor5 25.178 19.986 25,178 19,985 385 278,534 202,051 288,167 197,016 £227.229 £308,153 £222.194 £298,904 15 Operatlns lease commltments The company Is commltted to maklng the followln8 payments duriTrd the nexl year In respect of operatlnB leases, whlch explre In.. Lind and bulldlws 2023 2022 Less than one year E48,123 £42,271 16 Lelal ststus oflhe company The company Is a private company limlted by 8uarantee and has no share capltal. The Ilabilily of each member In the event of winding.up i$1Smiled to £10. 31
Botanic Gardens Conservation Intem•tlonal la company limrled by guarantee) Notes forniiry of the financial statements Icqmrtinuedl 17 Recondllatlun and analyys of moment of fvnds Dlrert prolert Income expendlture Indlr•d •xpèrts•s At 31 De¢ 23 AtlJan23 R5tr1Ct funds Chantl¢leer Soclety DEFRA 7.475 114.559 7,475 174,9551 1,476 75,017 1.491.533 1.342.240 6,79) S79,816 3.964 338.807 1.534 495.251 Ecosia Fondatlon Frdnkllnla ICRAF Indianapolls Zoo Innovation UKRI Keidanren Leon Levy Mohamed bln Zayed Specles Conservatlon Fund National Geographic aueen Mary University London Re.. Wild Rufford Foundatlon Scanlab Tooro Botanical Garden US Forestry Service Westonbirt Arboretum 2CK).361 14.5681 949.723 12.840 16.727 3.043 30.245 67,690 4.035 6,691 1,333 5,546 9,744 4,035 3,628 18151 9,998 895 24.321 56,811 10,376 1.135 9.551 3.823 32.109 915 83 L400 5,728 57.270 7.776 15.CKXI 1.SCQ 1.553 16.596 352 25,161 15121 14,706 ilx) 1,553 7,049 352 82 4.761 7,455 4,972 5.966 14} 7.575 7,938 Anthony Hitchcock Fund Frlends ol Bed8ebury Global 8otani¢ Garden Fund Royal Horticuliural Society Small Garden Sponsorship Fund Sylvia Schtslar5hip Fund The Stanley Smith Hortlcultural Tree Conservation Fund Ukraine Fund 790 113.411 19.817 315 125 14.676 2.323 24.633 68.%3 790 109,885 2,350 315 125 14,796 3,883 25,490 3.S26 86.334 76.519 7,652 120 11,5601 151 68.803 602,159 2,753,530 2,224,253 923.561 207.875 Unrestrlrted lunds General Fund Net gain on investment 5CKJ.235 418,999 505.199 15,1191 419,154 Total 1,102,394 3,172.529 2,224,253 1.423,641 627.029 32
Botanlc Gardens Conser4atlon International la company Ilmlted by 8uaranteel Notes fomiln8 Part of the finandal ststements {ntInlI Prioryettrcomporotive Dlr•tt woject Ib)come expendlturÈ Indlr•ct expenses At 3109¢ 22 AtlJan22 Restrirted tunds Askonag Holt Chanticleer Society Critical Ecosystems Partnèrship DEFRA Ecosia Etihad Airways EU Horlion 2020 Flora and Fauna International Fondatlon Franklinl Forestry England Frankfurt Zoolo8l¢al So¢lety Frlends of Westonbirt Garfleld WesLon 9.749 7.475 12221 11.933 11.834 46.3 11.340 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 11911 669 625.046 1.613 13.432 4,819 20,087 4,752 316.145 I,9370 17.5C 18.334 17.5( 5(XI,107 15,887 307 12,681 7,913 21,631 3,374 2,657 11,2851 2,161 106 2(K).362 14.5951 21A15 2.813 2.118 14.5681 IMLS Innovatlon UKRI IUCN Keidanren Mlnne50ts Landscape Arboretum Natlonal Geo8r3phl¢ Re.. Wild Rulford Foundation The Oarwin Initiative The Klorane Institute The Roth5chlld Foundatlon US Forèstry Servlce Wesionblrt Arboretum 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.C*JJ 942,438 9,998 19.956 9.551 82 4,761 111.183 897 4,522 164,868 11,6081 13,262 17,970 352 71.925 17361 13.354 29,946 352 5,%6 14 141 Anthony Hitchcock Fund Friends of Bed8ebury Fund Global Botanlc Garden Fund Royal Hortlcultural Soclety Fund Small Garden Sponsorship Fund Sylvia Scholarship Fund Stanley Smlrh Hortlcultural Trust Tree Conservatlon Fund Ukralne Fund io 113.411 53,974 20,000 790 113.411 19,817 31S 125 14,676 2,323 24,633 68,903 28,492 S7,252 19.685 5,397 125 20,805 io,c 24,010 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 Unrestrlrt•d General Fund Net loss on investment 445.111 378.579 292,921 30.534 5(K),235 Total £1.070,855 £2,950.432 £1,685,809 £1.234.066 £1,101,412 33
Botanic Gardens Conservation Intematlonal {a company Ilmited by guarantee) Notes forniing part of the financial 5tstements lcgntinuj Grants made for kvole¢ts Academia de Clenclas Medlcas Flycas Naturales de Guatemala American University of Iraq Asotiation Colombi3na de Herbarlos Ayroville Botanical Garden. India Bellie Botanic Garden5 Centre for E¢olo8ltal Restoratlon Kenya Centre for Hi8hland Natural Resovrce Governance Researth Chongqins Nanshan Botanic Garden Council of Heads ol Australian 8otsni¢ G•rdens County Government of Kilifl CSIR Forest Reseirch Instlture ol Ghan Department of National Botanic Garden5 Sri Lanka Dr Cecilla Koo eotanic Conservation Cenler Ec051a Energy Development Corporatlon Eye on the Ralnforest Puerto Rlco Falrwild Forest Research CentTe, Sabah Foreslry Department Friends ol Arabuko Sckoke Forest Fundocao Flora de Apolo a Botanlca. Rlo de Janelro Fundaclon Pro8res5io. Domlnican Republic Guizhou Botanical Garden Green Heart ol Kenya Greens Blodiverslty Sanauary Halnan Normal Unlver51ty Hangzhou Botanical Garden. Chlna Herbario na¢ional de Bolivia Huarango Nature Peru Inablo In5tituie for Regional Q*nserv¥tion In5tituie ol lamai¢a InternatS¢nal Council for Research In Agroforestry IICIIAFI InternatSonal Tree Foundation lardim Botanito Arariba. Brazil lardin Botani¢0 Carlos Thays lardin Boianico Cienfuegos lèrdln Botanlco de Cartagena lardin Botanico de Isla Vietoria Jardin Botanico de Saniia80 lardin Botanito Franasco Javier Clavijero lardin Botanico Nacional Vina del Mar Jardine 8otanico Universitarlo IBUAPI, Mexico Kenya Forestry SeNice KlvukonS Indlgenous Tree Nursery Kunmlng Institute of Botany Kwame Nkrumah Univers¢ty of Science and Tethnol Les Cayes Botanic Garden, Haiti 10,000 3,806 10.7C 52,274 1.580 88.715 55,031 10,5C 10.400 3.770 6.000 9,000 13,000 35,734 2.400 13.180 12.714 2.4CX) 16.348 94.117 9.500 ii.crf)o 7.184 9,700 1,500 ii,c¥)o ii,c¥Jo 51,662 1,500 5.287 158.714 1.605 13,625 1.199 10.9(YJ 1.486 1,060 3.209 3,179 io,ocK) io,oc 6,711 11,796 8,000 2,500 11,750
Botsnic Gardens Conser¥aÈion International la company Ilmlted guaranteè) Notes fornilng part of the financial 5t*efflents Ic¢)ntlnuodl Little Environmental Artion Foundation Lopez Group Found3tion Inc, Philippine5 Malabar 8otani¢ Garden Mandhari Plant5 Mavrltian Wildlife Foundation Missouri Botanic Garden, Mada8ascar Morton Arboretum Mulanje Mountain Conservation Trust National Authority for Preach Vihear, Cambodla Natlonal Museums of Kenya Orangutan Foundation Osa Conservation Perhlmpunan Masyarakat EtnoblotO8i Indonesla Pha Tad Ke Botanl(al Gardens Plan Vlvo Planta Plantllfe Conservatlon Soclety Provita ONG. Venezuela ¢Jnling National Botanical Garden Queen Sirlkit 6otanlcal Garden Thalland Royal Botanlc Garden Edlnbur8h Royal Botanlc Gardens Xew Sabah Parks Samoa Conservation Society Shanghai BG Chlna Soclety for Ecological Restoratlon Talca University. Chile Tanlanla Forest Service Tooro Botanlc Garden Traffic Internatlonal Cambrldge Universidad da Estadual da Paraiba University ol Ashville Vallarta 8otanlcal Gardens WeForest Yorkshire Arboretum Zhejiang Forest Academy ZhejSanB A8dcultural & Forestry Unlverslty Zhoushan Acaderny of Forestry Awards from Ihe Global Botanic Garden Fund Awards from the Ukraine Appeal Leon Levy Bursarles Awards less than £lOOO 22,436 11.280 io,coo 23,137 20,469 30.413 3.650 63,095 22,826 36.437 8.OC4) 3.082 7,000 6,150 65.056 26.737 4,000 8.OQ) 8,0 7.250 7.050 10,59) 33,416 11.000 60,CIJ8 B,ts)O 142,369 48,366 7,968 4,340 3,108 16,846 4,5Crf) 8,OC 9,OC 8,OCQ 87,532 68,803 4,736 2.492 1.769,068 35
Botanic Gardèns ConsèNaiitsn Intematlonal la company Ilmlted by 8uarznteel Notes forfflin4 part of the finantial statÈm•nts Icontinuod) Prioryeorcomporotlve Academia de Ciencias Medicas Fiycas Naturnles de Guatemala Adam Mickiewici Vniversity Addis Ababa University American University of Iraq Afrlcan Forest A50ciacion Colombiana de Herbarios Auroville Botanical Garden 8aqueiro Lulz Brackenhurst Botanic31 Garden Cambrldge Botanlc Garden Centre for Hi6hland Natural Resource Governance Research Centre Sui55e de Recherches Scientifiques en Cote D'lvoire Chongqin8 Nanshan Botanlc Garden CSIR- Forest Research Institute of Ghana Department of Natlonal Botanlc Gardens Dr Cecllla Koo Botanic Conservation Center Ecosla Eye on the Ralnforest Fundaclon Progresslo Gulzhou Botanical Garden Greens Blodlverslty Sanctuary Hainan Normal Universlty angzhou Botanlcal Garden Herbario Nacional de Bolivia HuaranBo Nature Instituto de Ecolo8la Internatlonal Councll for Research In A8rofore5try International Tree Foundation Jardim Botanico Arariba lardin Botanico de Rio de lan•ro lardln Botanlco Unlversltarlo18UAPI Kharklv Botanic Garden Kunming Institute of 8otènv Les Cayes Botanic Garden Llttle Envlronmental Artion Foundation Malabar Botanic Garden Mauritian Wildlife Foundation Missouri Botanic Garden. Madagascar Morton Arboretum Mulanle Mountain Conservation Trust National Authority for Preah Vihear Orangutan Foundation Oxford Boianit Garden Perhimpunan Masyarakat Etnobiolo8i Indonesla pha Tad Ke 8otanic31 Gardens Plan Vi¥0 Provits ONG 11,0 1.282 18.020 14,451 1.300 10.000 27,725 6.778 29.51)) 7.0) 36.343 6.5D) 9.OQY) 10.431 26.C¥)O 36.494 io.coo 9,125 9.700 9.077 ii.oc 26.558 3.0 128.476 13.917 42.285 22.000 io,oth) 4,598 16.500 9,800 2,000 11,000 11,039 16,125 3,650 54,122 48.755 6,IX)O 7,500 7.0 14,600 35,691 3,440
8otanic Gardens Conservation Internationol la company limited byguaranteel Notesforming part of tho financial statsments I¢oniSn*dl 43ni University Qnling National Botanical Garden Sabah Parks Sanya Academy Samoa Conservation Society Shanghai Botanical Garden Society for Ecological Restoration Southern Instilute of Eco108V St Andrews Unlverslty Tanlanla Forest Servlce Tooro Botanic Garden Traffic International Universidad da Estadual da Paraiba Unlversitit Wien Zhellang Forest Aeademy Zhejian8 A8ricultur31 & Forestry Universiiy Zhoushan Acadeffly of Forestry Awards from the Global Botanlc Garden Fund Awards from the Ukralne Appeal Bursaries frorn the Royal HortlcUUral S¢KiÈty Fund Awards les5 than £l.OCiI 5,060 9,0(X) 6,5(KJ 7,714 49.391 9,000 27,173 2.000 2.500 lo.5) 108.854 31.127 8.054 1.829 8.¢XJO 57.249 12,372 14.000 14,252 £1.225.3S7 19 Analysls of net a$ts between funds R•strfc1ed Tot41 Tangible fixed assets Flxed asset investments Cash at bank and In hand other current assets 222,643 29,336 222.137 6,547 161.5091 222,643 29,836 552,313 49,465 1227,2281 500 330,176 42,918 1165.7191 Net assets at 31 December 2023 £419.154 £207,875 £627,029 Prior year ¢omporoftve UM•Srted R•strfcted Total Tongible fixed a55ets Fixed asset investrnents Cash at bank and in hand Other current assets 217.523 21.425 283.439 19.276 141,4291 217,S23 21,425 1,107,190 63,427 1308,1541 823.751 44,151 1266,7251 Net assets at 31 December 2022 £srJJ,234 £601.177 £1,101,411 37
Botanic Garden5 conservatr Internatlonal (a company 11rned by Buaranteel Notes forrnlng part ol the financial statements (C¢)ntind} 20 Cash Flow IDforma¥tyi Group 2023 Group 2022 Compary 2023 Company 2022 Net income per Income & expenditure ststement Depreciation Investment incorne Loss on disposal of property, plant & equipment Decrea5ellincreasel in debtors Increaselldeerèasel in credltors O)èn8e in investments valuatlon Chan8e in fixed assets on Iranslation Unreallsed currency revaluation18ainllloss on monetary assets 1475.3651 10.69S 12L6931 30.557 12.671 111,5051 1473.4601 9.981 121,6931 32.330 12.671 111.5051 13,%2 180,8921 15,1191 S85 29.405 110.8S9 30.534 169.752 176.7071 15,1191 1116.6661 76,S26 30,534 5.730 5,730 14.0461 Nei cash inflow from operatlng acrivity 552,097 E209,611 391,516 £19.844 Gro 2023 Group 2022 Compar 2023 Comparty 2022 Investment Income Procèeds from sale5 of equlpment Purchase of fixed assets Purtha5e of investments 21,693 11,505 21.693 11.505 118.7431 I13,5Cl 116,9WI 113,5061 Net cash lused In) investing adivities £2.950 2,CQl 2,001