Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 Reg5st¢r•d numb•r- 04103967 Charlty number: 1102123 ALBERTINE RIFT CONSERVATION SOCIETY (A Company Limlted by Guaranlee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Campany Llmlted by Guarantee) CONTENTS Page R•f•renc• and Admlnlstratlva Det•llJ of the Comp•ny. Its Trust•es and Advlsers Tru8t•è8' Report 3-12 Ind•p•ndent Examln•e• R•port 13-14 Stat•m•nt ol Flnanclal Actlvltl•¥ 15 Balan¢• Sheet 16-17 Stat•ment of Cash Flow• 18 Notes to th• Flnanclal Stat•menti 19.34
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY {A Company Llmlted by Guarantgel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Trust• Mr J Y Salehe Dr J Bemigisha Mr8 W Ntamubano Dr A Mukashema lappoinled 10 0g¢emkr 20201 Mr E Niz&yimana Dr 8 Nyirambangulse Dr V N Keraro lappoinled 10 December 2020) Dr C Kahindo lappolnled 10 December 2020) Company roglstsred numbgr 04103967 Charlty r•gl8t•r•d numb•r 1102123 R•gl8l•r•d offl¢e CIO Blrdllfg Inlernallonal The Oavld Attenboiou9h Buildlng. Pgmbroke Street Cambridgfy CB2 3QZ Company ••¢r•tary and Ex•cytlve Dlrector Dr S Konyamibwa Ind•p•nd•nt Examln•r Mrs J Rowe FCCA Pelers Elworthy & M(y)re Chartered Accountsnls Sallsbury Hou38 St8llon Road Cambridge C812LA Page 1
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY (A Company Llmlt•d by Guarante•l REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Bankers Kamp8la Road 8r8n¢h PO Box 7101 Kampala Uganda BarclayE Bank Pk Cambrldge Bank of Kigal Kjgall Rwanda Pagg 2
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIErY {A Company Limlt•d by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees present their annual report together with the financial statements of the Company for the year 1 January 2020 to 31 Decèmber 2020. The Annual Report serves Ihe purpose5 of both a Trustees, report and a directors, r8POrt under company lav4. The Trustees confimi U)at the Annual Report and financial statements of the charitable company compty with the current statutory requir6ments, the requirements of the Charitable companls governing document and the provisions of the Statement of Recommended Practice ISORPI 8pplicable to charities preparing their accounts in accordance with th$ Financial Reporting Standard applicable Sn the UK and Republic of Ireland IFRS1021 (second edition of the Charities SORP IFRS1021 October 20191. Slnce the Company quallfles as sm811 under secdon 382 of the Companies A¢t 2006, th8 Str8tegSc Report required ol medium and large companles under the Companias Act 2006 Istfalggic Raport and Oireclors, R8POrtI Regulatsons 2013 has been omilted. ObJectlv•# and a¢tlvltl•s 8. Policles ancl objedives The Albertine Rift Conservation Society IARCOSI was estsblished in 1995 with the mission lo '•nh8nc blodiverslly conserrfation 8nd Ihe sustain8ble usa ol natur81 resourGes Ihrough Ihe promollon of collAborativ consglV8tion 8¢tion lor N8turg and Pèople.. Today. ARCOS has programmes exl8nding beyond the bertIne Rlft, In¢ludlng the Great L8kes legion and tho African Mountains. To achieve ils mission, ARCOS Ne1w0 builds on Ihe following pillars of ils approach: Wè f8cililalo nelworking with10¢81, national and inlemation81 players lo enhance sustalnable dgv8lopm8nl through InformalSon and experiencè sharing.. Wé &mpowgr our nelwofk through policy dialogue, capadty bulkjing and polScy 8ngagem8nl vthen irnplementlng OUT work. We work with all konds of organlzallons- NGOsl CBOS, acadernic Instltutlons. govemments and Sncreaslngly bvslness., Our activities on the ground take an integrated landscape approach focusing mainly on prol8¢llng blodiversily and enhancing ecosystem services. building Nature 8asgd Communlty Entorprlses INBCES) gnd bulldlng shar¢d vision among stakeholders lo addre55 Ihreais. Thg Trusle•s confirm that th¥y have ¢omplied kwlh their duty to have dua regard to the Charity Commisslon general 9uidance on public benefit. The activities undertaken during lh* year to lulfil this obligation is further exploined on thè lollowrng pages. b. Legal •tstus ARCOS is re9lStered in Uganda and Rwanda as an Intemational NGO, and is registered in thè UK as a Charity and Company Limitèd by Guarantee. ARCOS has an Offi in Kampala (Règional Office) and Kigali. ARCOS has a Board ol Directors and frusl8es composed of appointèd Board m8mb8rs. Thes& board mtrmbers Include repr8s8nlalives from the Albertine Rift countries, Africa and other intematronal experts. Within the BoBrd of Directors. a Management Committee is responsible for overse8ing and reviewing ARCOS'S progress. Th& Managemgnl Committee is comprised of the Chaiman. Vice Chairman. Treasurer and the Executive Direclor, whose responsibility Is to ensure the daldaY rnanaggment of the organisalion. Page 3
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SQCIETY IA Company Limltèd by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Messag• from the Chalmian and Exèeutjvè DlrKtor The year 2020 rna8 Ihe ond ol ARCOS. 5 years strateg1¢ plan12016-20201. We used thfy Ilrne to think and skètch our new strategic plan for 2021-2025 specifically drawng up six strategic areas to focus on. Despite the challenges imposed by the Covid-19 pandernic, Ihe year 2020 was characleriz8d by tremendous achievements.. We sectjred a long-lem partnership with Ihe Livelihoods Foundation for a 20-year project that airns lo transform Ihe lives of more than 27.1)00 small holder larmers in Rwanda through agroloreslry. landscape storatIon and ec05y3lem resillencg lo climate change, and community livelbhoods improv¢ment. For Ihal. our annu81 financial lumover in¢rtrased by 183% comparatively lo the financial turnovef for the year 2019. As a result ol tho M8cArlhur award for creative and gffective institutions whiGh we won in 2012, ARCOS is purchaging ils own office in Krg81i-Rwanda. Although legal lille has not yet passed to ARCOS, access lo th8 propgrty has been peTmrtt&d. Its inauguration on 11th Dècembgr 2020 have segn the cel8bration of ARCOS'S 25 anniv8rsary11995-20201 as well as Inlemalional Mountain Day. Our communlty development programm8 has eonslderably giown up ¥th an additional 202 community gioups known as Friands of Nature Associations IFNA81, through whl¢h 5.921 fam)eis wgre iralne¢J in sustainable agricultural land managemgnl practlces and 811PPgrted lo plant 606,000 Irees oin thelr famis. We arg very proud of the rgsulls ol our effort in supporting slralegic planning in Rwanda. Thls year. we facllllaled the mobbla.On ol demand driven dats on wetland ecological integrity lo inform well8nd management decisions In the country. Thanks lo the JRS Biodiversity Foundatson for financial and tgchnical support, th& Rwanda wetland cover ¢hang&12008-20181 mapping report wa3 produced and shared with ¢J&ci5ion makers. Gathered bio(liversily data contributed to the operationalizalion ol tho Rwanda Biodiversity Inlormalion System IRBISI recenlly built and hoslod by Ihe cenler of excellence in biodNersity and natural iesources managemgnt ICoE81. ARCOS is proud ol ils invofvemenl in various dialogugs lo shape environment and sustainablè devglopmont locally. nationally, and Snlerna¢Sonally. Among others. ARCOS is 8 membtrr of the National Ta$k Foreg lor Landscape Restoration In Rwanda. a member of the Environment and Climate Change Working Group, o member of the City ol Kigali Wetlands Committee and a m Member of the Biodiv8rsily Information Management Forum under the Ministry of Environment. On behalf of ARCOS sl8ff and board mèmbers, we would lik8 to expréss our great sppreclalion for ihe support and conlributlon of you, our distingulshed partners, and collaborators. lo advance ARCOS'S agenda towards Improved livelihoods and environment suslainablllly. Our speclal gratitude goes lo Livelihoods Fund. CISUIDOC, JRS 8iodiverslty Foundation. On8 Treo Planted IOTPI, Ministry ol Environment Rwanda Environment Managem•nt Aulhorfty. Rwanda Forestry AuthOrty, MINAGRI. MINALOC. for supporlj.ng our lunds mobilization for conservation and development lo help nalurg and people. We are lookin9 loard lo yr conb'nued support and collaboration and we hope that with you we w511 achievg more in next year 2021. John Yonazl Cha •leh• Or. Sam Kanyamlbwa Ex•¢utlv• Dlroctor riLtT{0'.15Erf Page 4
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmlted by Guarant••) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Ach5ev•m•nts and R•vl•w of ActSvltl•¥ Strat•gl¢ Programmè knas 3.1 Su$t•lnlng Blodlv•rnlty Cons•r4•tlon and Eco$y$tem Sfrrvlce Th6 y98r 2020 was marked by a hwh disturbance to ARCOS activities on promoting biodivorsity conservatlon and ecosyslern services dug to the Coronavirus pandemic Ihal struck the world, esperAally Rwanda from 141h ol M8r¢h 2020. Total lockdown was one ol th6 m8asur85 to control thg ovgr5preading of the pandemic and h85 negatively 8ffe¢led the plan of ARCOS to inform decision making on the rational and 5UStalnable us8 of wetland blodiversily an¢J ecosystem s8rvices. D8spile this challenge, ARCOS opted lo prioritsze office-based work and use the tèchnology of remote working and online meetings lo ¢ontJnue the assessmgnl ol w811and ecologlcal Integrlty slalus in Rwanda. Rwanda Wetland Cover Change mapping 12008-20181 work was completèd. The technical report Is placg and a r81ated research poster was pfi)duced and be acce558d via the ARCOS website 1www.ar¢osnefvrk.org1. Overall, wilhin 10 years12008-20181 Weuands used for agriculture r8duc&d by 2.63%,. the natural vegetation reduced by 6.62%,. Ihe waler body class increased by 3.82°/o leven il some parts of the country, wetlands lost a considerable cover of water body at the exp¢n$e of other class&s like bare soil, settlement. Invasive spgcles mainly waier hyaclnth) 8nd rnining Iquarry awas increased al 5.42%. In tho same framework, ARCOS produced a policy briel on Iho slalus ol Rwanda wetland ecolo9ical integrity and joinad Ihe Wor and Rwandan communily lo celebrate the Wodd Wetland Day 2020, The event 9alhered different indiwduals including decision makers in weU8nd management in Rwanda and shared tho finding of the rapid wetland biodiversity 8s5e5sment. "We ¢all for urgent aclion lo reverse the Ihr8alening trend.. otherwlse, the inaction can 168d lo wors8 fl¢)oding, food insecurity, water scarcity among others" said Or Sam. H? inforrned tha publlc that over 40% 01 Rwand8'8 weUands k)st th¥ir pristine nalure. By the end ol the year, we managed lo conduct an integrated landscape assessmgnl and monitoring •x9rclse Sn Akag6ra Wtrlland complexes ol Klrehe District locusing on the state ol the SOCiO•8conomic condltion of the community around the wetrands and ec05y51em services. We assessed Ihè pressure exert8d on biodlverslly and ecosystgm seNlces and drgw some recommgnt1ation5. The report 1$ avallèble from ARCOS. 3.2 Bulldlng R••lllence to Cllm•te Chang• Building climate change resili8n¢e is one programmg from ARCOS Ihat alms lo support national and reglonal mechanisms lor assessing 8nd understanding the irnpa¢ls of climate change and promote grassroots actions lo build community and ecosyslem resilience. The year 2020 was marked by mobilizing 8ffortS to build the c8p8¢IIy of youth in schools and inlegrate dimale change resilience inlerventions In their day-to4lay activities. With rinancial support from Ihe Dani¥h Outdoor Councll. about 200 participants from 4 schools located in Bugesera and Rulsiro Dlslricts in Rwanda Iwith aboul 80V• being sludentsl ben&filed from a training of trainers where thoy covered different topics including the introduclion to climate ¢hange', assessing the school and community vulnorability to cllmate ¢hange'. and devekjping schools and community adaplalion practices. Pagg 5
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmlted by Guarantog) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 In same framewo. an¢J with financial support of the Livellhood Funds, ARCOS recruited 30 new indlviduals in the capacity of Community Extension Officers and Tree Nursery Managers respectively, to be based in the fl¢ld and provide extonsion services related to climate change 8daptats.on including farmers trainings. pr¢duction. and management of trees of various spetyes as well 85 monitoring and evaluation. By the end of the year 2020, 5,921 farmers were frained and gathered into 202 Friends of Nature Associations through which all climate resilient interventions will be channelled, and 606,000 treos of different species wore planted on 2,479.3 ha. Import3nUy, plantèd trees included more indigenous trees than ever. such as lik8 Ficus SP Mitragyna ruburostipulac&a. Erytrina sp and Markh8mia lut8a to incfèasg diverslty and restorg farmland ecosystems. The monitoring mechanisms arè in place to ensure thg growth and malurily of planted traes so that they can contribute lo C02 sequestration, sustaln soil organic matter productlon. and contribute to 8011 Pfolgcllon and erosion Control. 3.3 Promotlng Sustalnable Agrlcullur• and Improv Food Securlty A6 part of ils Nature-8as8d Communily Development Program, ARCOS promot8s grassrogl solutions lo enhance healthy, environmentalty friendty, economically viable and socially responsible food syslerns. In 2020. over 6.000 farmers were Irainfjd in Sustsin8bltr Agricultural Land Managemenl (SALMI includSng tree planting, $051 erosion control, integrated nulrienls, wsls and diseases manag8menl and susl8inable agronomlc practices 8mong othors. In addition, over 480.000 agroforestry trees wgie planted across approximately 2.400 ha In Rullndo and Buges8ra. Furthermore, 8 ¢ommunlty livelihood d¥v8lopment strategy was developed as ¥ tool to guid¢ current and ftjlure Interventlons In bulldlng reslllence lo dimate chgnp and suslalnable Ilvellhood$ in Rwand8'8 agro4yslem8. 4. Str•t•g1¢ Program Approa¢h•• 4.1 R•glonal Hub for Infomiitlon. Capa¢lty BuSldlng, Advoca¢y Ind Pollcy Dl•l¢guo Gulded by Sts strategic plan 2016-2020. ARCOS strived lo posilion ilself as the regional cenlèr for knowl8dge sharlng, training, policy innuencing and dialogue on conseryalion and development 8genda. 2020 was marked by the development and sharing ol diff*renl communication materials with partntrrs, slakeholders, and particularly local community amongst others. as lollow$: 1. The web artlcle published on the w8bsi¢e of Mountain Partnership tilled=" Eng8glng youth for a wise of mountains in Rwanda.. 2. A poster presentatSon published on the ARCOS websiie titled.. -Rwanda welland cov•rchange mapping 2008- 2018". 3. A polScy brlgf publlshad on the ARCOS website liljed: 'Rwand8 Wetland blodiverslly.. valuable bul vulnerable esset". To promole malnstroaming of 8C08yBlem approach in d8vek)pmenl agenda and advocate for pro-poor polidès and participatory deci5ion-making. ARCOS participat8d in Ihe planning. mobilized, and shared biodiversity data with the city of Kigali and Ministry of Environment to inlom the development of the City of Kigali wetland management plan. We have eompleted the process of upgrading ARCOS Biodiversity Information Management System IARBIMSI and relocated our websile from Contabo lo Amazon& web5ervices lo enhancè the management and facililale easy adminislrats.on and increase the hosting capacity. Pag8 6
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVAlloN SOCIETY IA Company Llmlted by Guarant•• TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2020 42 N•tworklng. Partn•rshlp and M•mb•rshlp Oespite COVID-19 challenges. ARCOS managed lo secure new potential partners. Through the Eco-schools Programme, ARCOS. partnership with the Danish Outdoor Council IDOCI became a reality and lull implemenlalion ol the Eco-S¢hools Programme was kicked off officially. Through the Eco-schools Programme new Mous were also signed with UNESCOICNRU and Rwanda Educalion Board IREBI and enhanced ARCOS'S Environmèntal Education Programme collaboration with The Rwanda Environment Managamènl Authority IREMAI. 2020 was also marked by th8 lull Implementation of ARCOS. big project IAgrofor851ry for Llvellhoods Proiecll that wll last 20 years. Through the A4L proj8cl ARCOS str8ngtt)ened rts partnership wllh the Minlstry of Envlronmenl in Rwanda and specrfically with the Rwanda Fornstry Authorfty {RFAI. At regional level, ARCOS worke(J In partnership th the UN Environmgnl to develop Ihe Adaptation al Atulude IA@Al prolect. The project was approvod, and lull implem¢ntalion will start in early 2021. ARCOS 8xplorad mo opportunltles of collaboration with inlemational $l¥kghoklers. On the ground. ARCOS k&pl up the mom&nlum lo engage kjcal community members. A toial of 234 community mernbers reached and ARCOS is putting much more ¢ffort in increasing the number of communities reached as well as their engagement in conservation initiatives and good practices. Règarding Membership Programm•. much efforl was pul In ro¥Aewing Ihe ARCOS Membershlp 8¢heme and mgmber mobilizalion strategies. The membgrship was revIev, updaled and upgraded. More information about th8 ARCOS Membership Programme Can be found on the ARCOS website IwwM.areosnetwork.org1. ARCOS submlttad its applic81ion to beeom• a Foundation lor Environmental Educalion IFEEI m&mber, and ren8wed Ils membershlp wllh Ihe Intomallonal Unlon for Consgrv81ion of Nalufv IIUCNI. 4.3 Promotlng Nature Bas•d Communlty Ent•rprl$•$ Natur• Based Community Enterpii$9s IN8CEsl is a developm&nl slru¢lur8 of communItbaSed organlzallons supported by ARCOS to Implgmenl on the ground cllmate resllienl and biodiversity cons&rv8lion inlerventlon5. It Is part ol ARCOS'S Naluie Based Communily Development Programmg INBCDPI through which ARCOS channels all collaborative conservation actions impl8m*ntod at MMunity level in the bertIne Rift RegS0n. The year 2020 saw a considerable in¢aSe in the numbei of N8CEs from 32 10 233. Thanks go lo the Livelihoods Fund who support ARCOS through the Agroforeslry for Livelih¢)od5 project that aims lo enhance resilien¢¢ lo climate change through large4cale Iree planting 8cross 15.209 ha and promote sustainable livelihood in the Rulindo and Bugesera distric15 01 Rwanda. Over 6,000 farmers from 201 ngw NBCE8 were trained in Sustain8ble Agricultural Land Management (SALMI including tree planting, soil erosion control, integrated nutrients, pest and dise83e managemenl and sustainable agronomic practi¢es among others. Fvrthermore, a community livelihood development strategy was develo as a tool to guide current and futur8 Sntervenllons in building resS1ience lo dimate change In Rw8ndan agro-syslems. Addllonally, 201 new lamigr-based Saving and Credit Associations. also namgd VSLAS were inllSaled through tho newly esiablished NBCES lo drivè financial suslainabilty at grassrool level. Awareness and outreach inbtiatives wer• implemented through larmer-to-farmer and media campaigns and events held lo communicate community achievernents, anrj share lessons loamt and success Stories wth other communities and stakeholders. Page 7
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RI CONSERVATION SOCIETY IA Company Llmlted by Guarant6¥1 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2020 4A Promotlng Quallty EducatFon for Sustalnable Development as part of th• E¢o4chool$ Programmo In Rwanda EducBtlon for Sustainablè Development IESDI is 8 dynam1¢ concept that encompasses a new vision of education that seeks to empower people ol 811 ages io assume sponSIbl11tY for creating and enjoying sustain8ble future. This is a new programme that ARCOS is in the process of integrating into its short and long- tgrrn slralo91¢ interv&ntions in Rwanda with the aim to translate th8 principlos ol Education for Sustain8ble Dev81opm&nl IESOI Into practic8. In 2020, ARCOS focused on building the capacity of students, t6acher8 and parents on the Importance of the IVAC Ilnvesugalion. Vision. Action and Changel approach used by eci>schools programme and seven steps lolbwod for schools to qualfy for Ihe eco4chool8 gre8n ftag. We have started wlth 10 schools during 2020. The target is lo reach 35 Schools by 2024. ARCOS has lacS1Slaled the establlyhment of Ecovschools govemance struclures at school. district and national levgls. These Inclvde the Eco-schools Commille8s and Eco-Schoo15 partiamenls al 10 schools. District Advisory Commillge8, and the National Advisory Committee. These commillees meet regularfy and separately to evaluate progress ol the Implementation of program aettvilies and provide recommendation$ on critical asp8¢ts ol th¢ programmg. In add51ion. ARCOS has organized a Training of Trniners ITOTI In EC0ClOIS methodology gnd cllmale chang8 adapl8lion. This TOT has involved 330 participants including stu¢JentS and tèachers from the 10 pilot Schools parents and local authorllies. Overall, 200 stud$nls ol which 50% were 9irf$ and 50% boys, 50 t&8chers of whlch 45Va women, 55.kn men, 40 panIS of which 43% We women and 57% were men, and 40 local authorllles wer8 involved. Furthermore, Ih08e who partT'cip8led in TOT have in tum Irainad their fellow ¢olleagUg8 18ludenlslleacherslparenlsl. In this r•gard, 5(N) student5 from environrnental clubs from the 10 schools, approxlm8lely 70 lea¢hers and 210 parents werè later trained by TOT participants in thè same topics antj are now a¢tlve and sèlfrfonlident in implemènting the EcSchOOls approach and cllm¥te resilience pracUc6s. Moreovèr. a partlcSpatory envfjronmental revlew and cllmaie change vulnerabllity assessment at school lev81 was conducted In coll8boralion wth the schoo15 15tudenls, teache and parents involved through Eco.Commitlge81. FIV8 highly vuln&r8ble schools were supported with rainwater harvesting facllitles and ovgr 1,000 tre9$ Including agroforeslry and fruil trees were planted within the 10 schools Io gnhance school greening. windbreaking, beauty and acco$s io frulls. Additionally, ARCOS h85 parlicipaled in Covid-19 prevention and Back-tO-S¢hool Campaigns by produclng and dS$lributing awareness materials, organizing radio spols. social media campaigns and DooT-tO&Dogr campaigns. This h8s reduced school drop-out rate from 15% to 7% within the fjrst three months in thè 10 pilot schoo15. To 8nhance hygiene and contribute lo Ihe reduction of the spread of CoMd-19, ARCOS has SUPPOrted 10 pllol eco- schools with thè eonslruction of hand washing stations and other m8lerials Page 8
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2020 Flnanclal revl•w and rg¥•r¥•¥ pollcy . ARCOS Flnan¢lal R•v5ew, Fundlng and Res•r¥es Pollcy Total income amounted lo £666,531 12019.. £234.9921 and after deducting total expenditure of £325.20412019.. 191.3741 there was a surplus of £341.32712019'. surplus of £43,618). Al the year end closing funds amounted lo £420,01612019.' £78,689}. Dua lo tho favourable incr8a6ing value ol land in Rwanda, Ih8r8 was a total surplus on tha d15pos81 ol land of £228,38712019.' £113.3781 as shown In note 4. As noted above. the Sodety entered into a number of projects th drfferenl organlsallons 8nd the grant Income for 2020 Is sgl out in note 2 to these accounts. ARCOS Is Sn the process ol purchasing a propety In K811. howgvor as at 31 D8c¥mber 2020 legal own8r$hlp had not yo1 pas50d lo ARCOS and the lull purch88e price had nol yet been paid. Part payment has been made and that is included in cufrgnl asse18 as a prepaid expense lo be refleclgd in fixed assats onc8 legal lillg haB passed to the charfty and lull payment has madg. The Truslefrs 8re s8lisfi8d Ihal the level of reserves. currentjy £420.01612019.. £78.6891 are adequate lo meet th8 immediate ou¢goin9s of thè Society. however the Tru51ees are seeking to increase funds to aid stability. A furthor sum will be pay8ble lor the ARCOS property, ¢)nce tho1 has b&en delemined and Ihe16g81 arrangements are In place. The nature ol tho Societys funding means Ihal projècts are undertakèn and therefore project costs ara only Incurred once suitsble funding arrangements have been secured and Iheitrfore piojects work on break&ven basis, with minimal funds bèing retained at any on6 time. All ol the work that ARCOS undertakas 18 project relalgd and The Truslees thgr8for8 cons$r all res8rv8s held lo be of a restricted natu, as such Ih&rg ar8 no unrestricted funds hekl as al Ihe balance sheel date. In certaln circumstances reslrlcted funds may become overdrawn lemporartly where project gxpendllure is in¢urred in advance of funding being recèived. This 18 onty a temporary sltuatlon. As a resull of the pand&mic, entilJem8nt to som8 incom8 has been dolayed duè lo poslponom&nl ol a¢tSvllles. ¥llhough cosls may 3lill have b88n inoJrr8d. b. Annual Audlt Report The financlal ¥udil for the period January to Docemb•r 2020 was carried oul by KFV Partners. C&rtlfied Public Accountan15, Kigali, Rwanda. No major issues were identified by the audil. A copy of the Annual Audit report can be made available upon r&quesl. c. Prlnclpal rl•k8 and uncertalntl•s The Trustges arg aware of the various risks facing ARCOS and these are discussed by ltte Trustees on a regular basis. The Tru3tses have pul in place plans to mitlgale those risks as f8r as p0s8ibl8. where this 18 withln thelr control. d. Golng ¢onc•rn Aftor making appropriate enquiries to satisfy themselve5 of the stabillty and financial health of tho Soci&ty, taking Into considerauon the impacl of COVID19, the Trustees have a reasonable expectation that the Soci&ly has adequate resources to ¢onlinu8 in oparalional exislenee for the lofesegable future. For Ihis reason, Ih8y continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the 90ing con¢em basis can found bn the accounting &x)liaes. Page 9
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY {A Company Llmlted by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Faclng th• Futur• The priodties for the year 2021 are slructured mainly on three strategi¢ activities.. 1. Our strategic plan wtll be updated lo cover the period 012021-2025 and its launch in the 4 quarter of the ar 11 ¢oincide with the 18unch of the UN decade on ¢cosystem resioratr)n12021-20301. 2. We shall start tho proc8$S to relocate our wional headquarters to Klgali-Rwanda lo position ARCOS as a TegSonal organizalion op8raling locally and èngaging broadty. 3. W¢ shall slrenglhen our collaboralSon with th6 Livelihothls FoundatSon and 3UStaln our long 18mi p8rtnèr8hlp we secured by early 2020 through th& implernentslion of the Agioloresty for the Livgllhoods project. 3 20 ygar project whose target is lo mlligate Ihe Impact of land and agio-ecosystem dogradalion and clima19-change related hazards across 15,000 ha by planting atKJuI 3.7 million agroforesty. fruit and woodland trae6. and to improve the livolihoofjs of more Ihan 27,OW smallholdgr fam)eTS on the ground and sequester bfylwegn 2 - 3.5 million tons ol CO2. By the •nd of 2021, we shall have positioned ARCOS as a 16ad organizalion in th• promotion of sci&nce-based policy guidan¢e In the m8nagemenl and wi58 use of wetland resources in the Albertine Rift region, through thè docurnenlalion and up$callng of the Rwandg weuand ecoltr3ical Intsgrity assessment project. Furthermorè, ARCOS will Invesl more efforts in fundraising Ihrotlgh staff capacity buildlng as w811 as the d8velopm8nl and submission of quality projects lo relevant donors bul also maintsining good relationships with already sècured partn8rship$ 8$tiallY locusing on règional projo¢t5 targeting first DRC, Uganda and Tanzani8. wlth partlcular allentlon to the Suslainable Mouniain Development in Africa and Fr88h water m8n8g8menl in the grgal lake's reglon. Stw¢tur•. gov•m&n¢• •nd m•nag•ment Slructurn and Gov•man¢e The Society is a charilable tt•mpany which was formed from the Albertine Rift Conservation Society established In 1995 and hosted by the World Conservalion Monitoring Centre IUnit&d Kingdom) and the Regional Coordination Officg by Nature Uganda IU9anda). All monies held in bank accounts by this entity Were donated lo tho Society on incoiporalion 18 November 20001. The Society 15 govemed by ils Memorandum and Articlès ol Association (revised 19 October 20121. The Society gained charitsble st8lu5 and was regislared with the Chartty Commission on 16 February 2004 (charity number.. 1102123). Board of Dlr8¢lorsrrrustee3.- The Society is managed by a 808rd of DirectorsThrustees. ARCOS has currently eight board rnembers Iln¢luding a Chairman, Vi¢eChairman, Treasurer and Seffttaryl who meet al least once pe¥ year or as nèeded in an annual general meeting. The Chairrnan or in his absgnce the Vicechairman chairs tha meellng. Any other m8mber 8lected by mombars can chair the meèting il the Chairman and Vice Chairman not pres8nl. The Board recruit and appoint Trustees who they con$i¢Jer will brlng valuable and praelical skills lo thg Society. Page 10
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY (A Company Llmlt•d by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Honorary Officers.. The Board of Directors may appoint any person as Honorary President of th8 Society and any persons as Patrons of the Society. The Honorary president and palrons Iher8inafter des¢ribed as 'Honorary Officers-l shall hold honorary positions only and shall nol. by rea50n of holding those positions, be deerned loi any purposes members oi Oiitrclors of the Society. The duties and responsibilities of the Honorary Officers shall be delermlned by the Board of Directors 8n¢J rnay be varièd by Ihe BoArd at any time. Thg Board may. if it think$ fil. invi16 any one or mor& of th& Honorary Officers to allend any General Meeling of the Society or any m88ling of the Board of Directors provided always that any Honorary Officer so atlending shall speak only il invilod lo do so by the ch3imian of the maeling and shall not vote on any mattgr. Reglonal Forum.. The DireeloTS may establlsh an Albèrtine Rlft Regional Forum to provid8 OPPOrtunlJes for dlscussion 8nd 8xchange ol Itleas and inlom7atkJn been th& SocA8ty and such organizallong, bodle8 and indlvSduals as may wlsh lo conlribulè to the S(xiety's activitles and support its objects. Management commlttee.. The Chairnian. V6¢e Chaimian. Treasurer and Exeujtlvè Director shall meet as the Managemenl Commiltee al such intervals as the Board of Dlrectors thinks fil. The Managemtrnl Committee shall revlew Ihe operations and activities ol Ihe Sociaty and reporl Ihe findings lo Ihg Board of Dirsclors. Staff po8ition$.' Th8 Board of Dlrtrctors may appolnl such persons as il thinks fil to post including a position with overall responsibility for operational matters (whose lormal lille may vary bul hereafter known as the Exoculivg Dirgclorl, and suth other salaried or voluntary 51aff posts on such lem)s and ¢ondilions. including remuneration and benefits. and with such duties and Tesponsibtlitses a$ ihe Boafd. in rts onlire discrellon, thinks fil. The Board may, al any time, vary or aller the terms and conditions and the dulle5 and responsibilities of Iheso posts provlded always Ihal no Directors sh811 occupy any ol Ihes6 posts. The Executiv* Director shall be the senlor mèmbei of staff of the Sodety, arKI shall have responsibility for co-coordinaling the So¢i8ty's activities and progr8mmg8. Tru•t•os The Trusle8s Sn officg during part or all of the year ended 31 December 2020 were-. Mr J Salehe IVlc& Chalrlchairmanl Professor B Kaplin Iresigned 30 September 2020} Mr P Mafabi Ivictr Chairlchairl Id8¢ease(115 S¥plember 2020} Mr5 W Nlarnubano Dr J Bemigi5ha Dr B Nyirambangulse Mr E NizBgyiman8 Dr A Mukashema lappoinled 10 December 20201 Dr V N Keraro lappoinled 10 Decembei 2020) Dr C Kahindo lappoinled 10 Dgcember 2020) Page11
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llm5ted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Stat•rn•nt of Trust••¥' rn$pon$lbllltlo¥ The Trustees (who are also the dir8Ctors of Ihe Company for the purpose5 of ¢ornpany lawl are responsiblè for preparing the Truslees. Rèport and the financial slalements irb accordan¢e with applicab law and United Kingdorn Accounting Standards IUnil¢d Kingdom Generalty Acceptgd Accounting Practleel- Cornpany law requlrgs the Trustees lo pr&pare financial slatem8nts for aach financial . Undèr company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and lair vi8w of tha slate of affalrs of thè Company and of its incoming resources and application of rèsourcès, includlng its In¢ome and expendllure. for Ihal p8ri0d. In preparing ih•se financlal statemgnt3, the Trustees are iequlred lo.. s&leet suitablg 8CeOLtnling policiès and then apply ihem con31St&nlly', observe the m8lhods and principles ol the Charities SORP IFRS 1021.. make ludgmenls and actt*unllng esllmales Ihal are reasonable and prudent.. slalo whelhgr applicable UK Ac¢oLtnting Standards IFRS 1021 ha been followad. subl¢¢t to ¥ny molèrlal epartures dSsclosed and explained in the financial s18lements'. prepare the financial statements on the gorng concem Wis unless il is In8ppropriate lo presumg that the Company w+ll ¢ontinuo In bu8ine$s. The Trustees are rnsponslblo for keeping adequate accounling records that are sufficient lo show and gxplaln Ihg Ctsmpanvs transactlons and disclose with reasonable accuracy at any lime the financial poslllon of the Company and enable them lo ensure Ihal the financlal slalements comply wilh the Companles Act 2006. They ore a150 rgsponsiblo for $afgguardin9 th8 a¥sats of Ihg Cvmpany and henc• for laking reasonablg Steps for Ihe provenlion and delection of fraud and olher irregularili&s. Appiovgd by or¢Jer of the members of the boatd of Trustees and sKJnod on their half by.. Dr B Nylrnmbangut•• Trustge Dal&. A f l Dki Page 12
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY IA Company Llmltèil by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALBERTINE RIFT CONSERVATION SOCIETY I'th8 Compan) I r&port to the charity Tru$lèes on my examlnation of the accounts of the Company for the year ended 31 Decemb8r 2020. RESPONSIBILITIES AND BASIS OF REPORT Since the tharivs gross income excee(Jed £250.000 your examiner mv81 b& a m$mber of a body Ilsled In section 145 01 the 2011 Acl. l confim that l am qualified lo undertake the examination because 18m a member of the Association ol Chartered Certified Accountants. which is one of ihe listed bodies. AS the Tru$lee8 ol the Company (and ils d1Clor$ for the purposos of company lawl you are responsible lor the preparation of the accounts in accoTdanc8 With the requirements of the Companies A¢1 20061'lhe 2006 Acl'l. Havlng 8alisflgd mysew that the occounls of tho Company are rt qUIred to be audllgd under Part 16 01 tha 2006 Act and are eligible for Indep&nd8nl examinalion. I report in respect of my examinallon of th8 Compan18 accounts carriéd out under section 145 of the Charilies Act 20111.lhg 2011 Acl'l. In Carrn9 out my exambnation I hav8 followgd the Dlrectk)ns glven by Ihe Charlty Commission under se¢ts"on 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'8 STATEMENT I have completed my ox8mination. I confimi that no mallers have me lo my alteniion In connectlon with thg •xamlnalion giving me cause to believe: &ccounUn9 records were not kept in respect ol the CompAny as r¢quired by sectlon 386 of tho 2006 Act., the accounts do nol ac¢ord wilh ih¢)8e record5.' or the accounls do not comply with the accounling rèquiremenls of seclion 396 of the 2006 Act other than any requirement that thè accounts give a Irue and faif view which is not a maller consided as part of an independent examinalion., or th¢ accounts have not been prepargd in a¢Idance wilh the methods and principles of the Slalemenl of Recommendod Practice for accounting and reporting by charities lapplicable lo charities pieparing Ihglr accounts In accordance with the Financial Reporting Standard appli¢abl8 in th8 UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters In connection wilh Ihg examination lo whlch attentron shoujd be drawn in this report in order io enable a proper underslandlng of the accounts io be reached. Pag& 13
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY {A Company Llmlted by Guarante•l INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 This rgport is made solèly to the Companys Truste&$, as a ljody. in aCrdanCe Part 4 of the Charilios (Aecounts and Rgportsl Regulations 2008. My work has been undertakèn so that I Mht stale to the Cornpany's Trustees those mallers l am require¢J to slate to Ih8m in an Independent Examlnerfs Report and for no other purptsse. To the ftsllest gxtent pemitted by law. I do not accopl or assume respon8ibllSty lo anyon& olh8r than the Company and the Companls Tiuslees as a body. for my woik or for this report. Signed.. Dated.. 29 september 2021 1 09:17 BST Mr8 J Rowg FCCA For and on behaff of Pelern Efvrthy & Moore Chartered Accountants. Cambridgo Page 14
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY (A Company Llmlted by Guarantgel STATEMENT OF FINANCIAL AcnviTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 310ECEMBER 2020 R•strleted funds 2020 Total fund• 2020 Total funds 2019 Note INCOME FROM.. Donallons and grants Other In¢ome 665,630 665.630 901 234.992 TOTAL INCOME EXPENDITURE ON: Chartlable a¢llvili8S 666.531 666,531 234,992 325.204 325,204 191,374 TOTAL EXPENDITURE 325.204 325,204 191,374 NET INCOME 341,327 341.327 43.618 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds bioughl forwgrd Net movement In fund$ 341,327 341,327 43,618 78,689 341.327 78,689 341,327 35.071 43,618 TOTAL FUNDS CARRIED FORWARD 420,016 420,016 78,689 The notes on pages 19 10 34 fomi part of Iheso finan¢ial siatements. Page 15
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RI CONSERVATION SOCIETY (A Company Llmlted by Guarantee) REGISTERED NUMBER: 04103967 BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 FIXED ASSETS TangSble a$$et3 197,524 143,200 197.524 143,200 CURRENT AS8eTS Ofjbtors Cash al bank and In hand 220.794 134.498 4.766 22,523 355,292 27,289 Creditors.. amounts falling due within one year 10 {132,8001 191.8001 NET CURRENT ASSETS I LIABILITES TOTAL ASSET8 LESS CURRENT LIA81LITIES 222.492 164,511 421J,016 78.689 TOTAL NET ASSETS 420,016 78,689 CHARITY FUNDS Reslrict8d lunds 420,016 78,689 TOTAL FUNDS 420,016 78,689 The Company was enblled to exemption from av¢Jil urbder section 477 01 Companie$ Act 2006. The member5 have not required Ihe rnpanY to rtttsin an audit for the year In quests'on In accordance with Section 476 of Companies Ac12006. The Trustees acknowledge thelr SponSIbl1itle$ for complwng wth the rgquirements of the Act wlth rèspect lo accounting records and prepar8lion of fin8n¢ial stalement$. The financial slalements have been prepared in accordan wth the provisions applicable lo &ntilies subject to the SMBII companies règime. Pag8 16
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmltèd by Guarantee) REGISTERED NUMBER: 04103967 BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 2020 The flnanclal stat&mtnts were approved and authori8ed for issue by the Tnjstees and sign&d on thgir behalf by.. iic.L) Dr B Nylr¥rnbangut•e Trus188 08le.' J The notes on pages 19 10 34 form parl ol Ihese fin8ncial statements. Page 17
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY (A Company Llmlt¢d by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Nel cash used in operating activities Not• 14 {56.5291 1136,4771 CASH FLOWS FROM INVESTING ACTNITIES Proceeds from the 8ale of tangible fixed assels Purcha ol tanglble fixed assets 279,681 {111,1771 126,031 NET CASH PROVIDED BY INVEsnNG ACTIVITIES 168,504 128,631 CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR Cash 8nd cash 8qulvalgn15 at the beginning of the year CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 16 111.975 19,8461 32,369 22,523 15 134,49B 22,523 Thè notes on pages 19 to 34 lomi part of these finawal slal6mont8 Page 18
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2020 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS Th8 financial Statements have boen prepared in accordance wth the Charities SORP IFRS 1Q21- A¢counling and Reporting by Chariti&s'. Stalement of R8comm&nded Pr8Ctica applicabl8 lo ch8rilieB prepartn9 their accounts in accordan¢e wlh the Financial R8porting Standard applicable In the UK and R8public of Ireland IFRS 1021 (second edition of the Charilias SORP IFRS1021 Oclobar 2019 effectlve 1 January 20191, the Financial Rèporting Stsndard appll¢abl8 In the UK and Rgpubllc oi Ireland IFRS 1021 and the Companies Act 2006. Afbertine Rlft Conservation Society rneets Ihe dèfinition of a publi¢ benefft entity under FRS 102. Assets and liabilities are inilialty recognised al historical cost or transaction value unless othe158 $t81ed in the relevant a¢counting polw. 1.2 GOING CONCERN The Truslees have reviewed the frnancial position ol the ch8ri1y. including the pot&ntlal impgcl of COVID-19 and h8ve a r8a3onabltr expe¢t8tion Ihal Ihe charity has adequate resour¢e8 lo continue In oper81ional existence lor the foreseeable lulure. kcordingly. the financial stalgments continue lo be prepared on the going eoncem basis. 1,3 COMPANY STATUS Th8 Society Is a company limiled by guaranlee and regi8lergd und8r the Companles Act th charitable slalus. Slatus W85 gained on 16 Fgbruary 2004. The membars of the Souely ar8 tha Tru51ees narned on page 1. In thè event of the swèty belng wound up, the Ilability in respect of the guarantee is limited to £1 per member ol Ihe Soaety. 1.4 FUND ACCOUNTING Restricted funds ai& funds which are lo be used in accordance with sp8cifi¢ re$tri¢lions imposed by donors or which havè been raised by the Company for particular purposes. The costs of raislng and adminisl8ring such funds are charge<1 against the specific fund. The aim and use of each re51ricled lund is set out in the noles lo the financlal slatemenls. The Tru$lees consider th81 all of Ihe So¢ieVs funds are rèstrictsd. Pag& 19
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIErY {A Company Umlted by Guarantè•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES ICONTINUEDI 1.5 INCOME All Income 18 r•¢ognisod once the Company has entitlement to the income, It Is prob8ble that Ihg Income will be received and the amounl ol income receivable can be measured reliably. Grants 8re re¢ogni$ed vthgn the Soci8ty has been notifd in writlng of both th& amount and settlement dale. In the event thal a grant is subject lo condition5 Ihal requirg a level of performanc8 before the Society is entitled lo Ihe funds. the income is deftrrred and not r8cognised until either those conditions are fully mel, or the fulfilmenl ol those conditions is wholly within the control of the Society and il is probable thal those condib.ons will be lufilled in the rep)rting period. Membershlp fee Sn¢ome Is recogni38d in the pèriod to which It relate$. Membership Incomg owlng 10 thg Sociaty at the year end is includèd in debtors. Donallon8 aro r¢cognl8ed once Company has entillemenl to the In<x)me. It Is probable that 11 wlll be recelved and the amounl ol receivable can be measured ieliably. Income Irom funds held ¢)n despol Is In¢Yed when rgceivabl& and the amount can be ma8sured rellabty by the Soclety., thLq Is nomally upon notlficaiion ol the Interest pald or payable by tho bank. Other income Is recognised in the period in which il 18 racolvable and lo the extent the goods have been provlded or on completion ol Ihe seryice. 1.6 ExpeNDITURE Expenditure is recognised once thère 1$ a legal or conslruclive obligation lo transfer &conomic benefll to a third party, il is probabl& thal a transfer of economic bènefits will be required in seltlemenl and the arnount ol the obligation Can measured reliably. Expenditurg 13 classified by activity. The costs 018ach activity ale mad& up of the lolal of direct costs and shargd costs, including supptsrt costs Snvolved in undertaking oach actlvity. Dirg¢t costs attributsble to a 8ingl& a¢tivity are allocated dlrectly to that acllvity. SLtpport costs aro those eosts incuThed directly In support ol exwndlturg on thg obl8cts of the Soclety and Snclude prolecl management carried out al Head Office. All expènditurè is inclusive of irrecoverable VAT. 1.7 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets costing £21X) 01 me are capitalised and recognisgd wh¢n futura èconomic benefits are probable and the cost or value of the assgt can bg measured reli8bly. Tangible fixed assets are Inilialty recognised at cost. After recognition. under tha cost model, tangible fixed asssts arè measured al eosl less acujmulated depreciation and any accumulated imp8irment losses. All costs incurred to bring 8 langible fixed asset into its intended working conditSon should be included In the mè85urement of cost. Page 20
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY (A Company Llmltsd by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES ICONTINUEDI 1.7 TANGIBLE FIXED ASSETS AND DEPRECIATION Icontlnuedl Depr8clatlon 1$ tharg¥d so 3s lo alocale the cosl of langible fixed assets less thelr r8sidual valug over Ihelr eslimaled useful lives. Deprgciation is provided on ihe lollowtng baw$: Froghold land and property Motor vehicles Office equipment Computer equipment - Not depreciated over 20 years 25% 25% 1.8 FOREIGN CURRENCIES The Socl8ty$ funtlon81 currency is Rwandan Francs and the presentatlonal currency Is GBP pounds sterlln91£). Monet8ry 8$sels and liabililies denomlnated In forelgn curr8ncl8s are translatgd Into $tgrflng al ral88 of exchange ruling al ihg reporting dale. Transactions in forelgn Currenugs are Iran8laled into slerting al the average rale for ihe ygar. Exchang6 gains and Ios$g$ arg r8cogniswi in the Stsl8m8nl ol Financial Activities Incorporating Ihg Incomg and Expènditure Account. 1.9 PENSIONS During Ihe y¢af the Society eontribuled towards the Nalional Social Security Fund on behalf of ils employees and the pansion cost represents the amounts payable by the company io the fund in rospèct ol the omployer contribution for that year. 1.10 DEBTORS Trod& and other deblors are recognised at the saltlement amount after any irad* dlscounl offered. Prepayrnents arg valued al the amount prepaid nel of any trade discounts due. 1.11 CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and shori-ienn highly liquKI InstMnts with a short malurily of three months or less from the date of 8¢qUiSition or opening of the deposil or similar account. Page 21
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmlted by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES (CONTINUED) 1.12 LIABIL ThIES AND PROVISIONS Llabllltles are recognised wh8n Ihore is an obliqation at the Balance Sheet dale as 8 resull of a past event, It is probablg thal a Iransfef of gconomic benefit will be required in setll&menl, and the amount of the setuemenl can be estimated reliably. Liabilities 8re recognised al the amounl ¢hat thè Company anticipates it will pay lo settle the d&bl or the amount il has receiv&d as advancèd payments lor the goods or servi¢e5 it mu51 provide. Provisions are measured at thè best trslim81e ol Ihe amounts required lo settlè the obligation. Whe the efléel ol the lime valuè ol money is m8terial, the provision 18 basèd on the present value of those 8moiJn15, discounted al the pre4ax discounl rale that reflects the risks specific lo the liabillly. The unwindlng ol the discount is recognised in thè Statement of Financial Activities as a finance cost. 1.13 FINANCIAL INSTRUMENTS The Soclely only has financial assets and financl81 Ilablllllès of a kind that qualify as baslc flnanclal Inslrumenls. Basic financial instruments are initially recogn15ed al lian$aclion value and subsequently mga8urgd al Ihglr setttement valu8. INCOME FROP•l DONATIONS AND GRANTS R•strlct•d funds 2020 Total fund8 2020 Total funds 2019 Gr¥nls 66S,630 665,630 234,992 Total 2019 234,992 234.992 Pag8 22
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY {A Company Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Grant• r•eelv•d ¢omprlu: R•$trlctod funds 2020 Total fund$ 2020 Total funds 2019 JRS CEPF Core One Trae Plantgd Afrlca Regional Mountalns GBIF WRI Salnsburys NFF.RSF ECO SchooL8 VTS Llv8lihood8 Eco Agri¢ullure Internatlonal STIFT The Stockholm Movement 64,222 64,222 43.104 34,676 57,490 8,664 3,826 1.117 1,567 19,170 39.185 17,722 6.471 3.706 31,324 3.706 31,324 8.918 8.918 64.662 64,662 488,236 693 3,869 488,236 693 3,869 665.630 665.630 234,992 OTHER INCOMING RESOURCES R•$trlcled funds 2020 Total fund¥ 2020 Total funds 2019 Rent 901 Pagè 23
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY (A Company Llmlteil by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ANALYSIS OF EXPENDrruRE 8Y ACTIVTTIES Actlvltles Support and undertaken governanc• dlrectly CO8t• 2020 2020 Total fund¥ 2020 Total nds 2019 Btt>divorsity and ecosystem 8ervico$ Cllmale change Admlnlstratlon, M8nagement. M&E and Developrnenl Clean Walgr & Renewabje Energy Supportin9 IWRM Agriculture and Improve¢J Food S8¢urity Eco Schools Programme ColloboralSve Acllon Pioje¢l support Staff costs 61.996 314,495 61,996 314,495 86,767 84.080 740 740 42.638 7,257 19,073 20,668 15,692 43.538 5.615 43,538 5.615 (101,1801 1101,180) 165.4301 629 426.384 {101.1801 325.204 191,374 Total 2019 256.804 {65.430) 191.374 Pag& 24
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY IA Company Llm5ted by Guarant¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2020 ANALYSIS OF EXPENDITURE BY ACTIVITIES (contlnu•d} ANALYSIS OF DIRECT COSTS Admln. M*nag•- ment. CJ•an Wattrr M&E and Devélop- Rgn•wabl• Supportlng mènt Energy IWRM 2020 2020 2020 Boodlr$1ty and •¢o•ystom rvlc•$ 2020 Cllmat? chango 2020 Staff costs Con5ultaney & professional lees Travel and motor costs Equlpmenl and Mnsumables Ti88 p18nlallon Meetings and workshops Office co8t3 37,855 20.932 3.159 50 184.456 30.989 29,363 740 51.787 7.300 10.600 61.996 314.495 740 Total 2019 86,767 64,080 42,638 7.257 19.073 Pagè 25
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIErY IA Company Llmitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ANALYSIS OF EXPENDITURE BY ACTNMES {contlnu•d) ANALYSIS OF DIRECT COSTS Icontlnu•dl Agrlcultur• and Improved Eco Food School¥ Collabora- S•¢urlty Programme tlve Act5on Slaff costs 2020 2020 2020 2020 Total funds 2020 Total funds 2019 Staff costs Consultancy & professional fees Travel and motor costs Equlpment and consumablgs Tree plantation Meetings and workshops Office wsts 17,678 5.615 246,344 161.131 51.921 19,276 1.681 34,203 34.811 14,618 14,668 51,787 3,404 13,600 13,861 19,388 18.794 3.261 43.538 5,615 426.384 256,804 Total 2019 20.668 15.692 629 256.804 Page 26
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmlted by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2Q20 ANALYSIS OF EXPENDITURE BY ACTIVITIES lcontlnufrd) ANALYSIS OF SUPPORT COSTS Total funds 2020 Total funds 2019 Staff costs Con8ultan¢y & profes$lonal fees Travel and motor costs Equipment and conSLtmable$ Meetings and workshop8 Office costs Audit & accoiJnlan¢y Forelgn exchange IProfllllloss on dlsposal of Ilxed assets Dopredallon 26,381 1,891 3,020 11,446 4,437 55,588 4.728 14,157 1228,3871 5,559 4.974 7,192 6,196 31.893 5,761 18,1981 1113,3781 130 (101,1801 165,4301 STAFF COSTS St8ff costs were as lollows: 2020 2019 Wag6$ and salarie$ Pension3. medical and other Inon-UKI 216.245 56,480 161.131 272,72S 161,131 The av8rage number of eMploS during 2020 wa8 29 {2019.' 131. No employee eamgd in 8xcess of £60.000 pgr annum. Thère wero no UK staff employed durln9 the TTent OT prevlous year. Page 27
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVAnoN SOCIETY (A Company Llmlted by Guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 INDEPENDENT EXAMINER'S REMUNERATION 2020 2019 Fe&$ payable to the Compan1$ ind&pendenl examlner for Ihe independent examination ol the Companls annual accounts 2,850 2.760 KEY MANAGEMENT PERSONNEL. TRUSTEES. REMUNERATION AND EXPENSES The charity considers the key managgmonl porsonngl to bg Ihe Truslets. Ouring Ihe year. no Trustees received any remuneration or other benefits (2019- £NILI. Durtng the year ended 310ecember 2020, no Trustee expenses have been incurred12019 - £NILI. No amounls have been poid directly lo any third partie3 on behalf of the Trustees. P8ge 28
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY {A Company L5mlt•d by Guarantee) NOTES TO TfrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2020 TANGIBLE FIXED ASSETS Freehold propgrty Motor v•hl¢les offi¢9 equ5pm•nt Comput•r oqulpmont Total Co¥t or valuatlon Al 1 January 2020 AddStlon$ Dlsposals 143.200 8,8S9 23,972 176.031 111.177 {51.2941 111.177 151,2941 Al 31 Dtcernber 2020 91.906 111,177 8.859 23.972 235,914 D•prèclatSon Al 1 January 2020 Charge for the year 8,859 23,972 32.831 5.559 5,559 Al 31 December 2020 5.559 8.859 23,972 38,390 Net book valu• Al 31 Decèmber 2020 91,906 105,618 197.524 At 31 Dgcember 2019 143.200 143,200 DEBTORS 2020 2019 Du• wlthln one year Prepaymenis and accrued incom 220,794 4.766 220,794 4,766 Included In prepayrnents Is 8 deposit1£186,06s1 that has been pald towards a new ARCOS property. The legal transaction had not been complètgd and ownersip of the property had not passed lo ARCOS by 31 December 2020. Page 29
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY IA Company Llm5t•d by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Ac¢ruals and other ereditws 132,800 91,800 11. RESTRICTED FUNDS Al 31 Do¢omber 2020, the ¢loslng lund balances of the So¢loty wore represent&d by th& followln9 piolects.. 2020 2019 e Expen(fiiure JRS M8¢Arthur ARBMIS I MACEI GBIF NFF-RSF WRI Rent S8lnsbury One Tree Planted ECO Schools VTS Eco A9rlculture Intemauonal Llvolihoods Stockholm Environment {314.7001 28,492 457,062 1245.3651 13.268 288,071 14.0271 26,598 538 26,581 901 15,5SOI 28,271 16.111 7,065 93 171.221 3,869 15,5771 1161 130 7.069 420.016 78,689 Page 30
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVAMON SOCIETY IA Company Llmlted by Guaranto•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Core Expondltur8 - Tho re expenditure fund is usad to meet the day lo day running expenses of th& Society. When rostricted prol8cts include an el8menl of funding to cover ov8rhtrad5 elc. those balances are Ir8n5ferred lo the core expenditure fund out of which these overheads arg mgt. Overheads havè b8en incurred which have not yel been allocated to the relgvant prohoct lund. JRS- These lun(Js were received lo support development ol the Albertine Rift Biodiversity Portal. MacArthur - The MacArlhur furKls support sub-regional planning processes and strengthening inlormalion and data managemtrnl and local NGO'S, CBO'S nelworking capacity for enh8nced conservation action in the Albertine Rift. ARBMIS 1$ the ARCOS Regional Biodiversity Management Infomiation Syst*m. 89 referred to in Ihg Trustees, Report. The MACEI project is in support ol lh¢ ¢$labli$hments of a regional information and Iroining ¢entre in Wli to enharKe conservation and Pfomolo $u$lain8bl¢ development In tha Albgrtin& Rift, G81F - Thls lund 1$ money from the Global Blodlversity Infomabon Faulity for workshop$. This prolecl Is now dosed. NFF-RSF - The 'Seeds, Soll and Cuf(ure Fund ol RSF S131 Flnan¢o' providgd a granl to be pul towards enhanclng blo-cullural krledge and 8CO-agrlculturo1 pr8¢t6¢e$ for mounljln ¢ommunlty1Svelihood3 and cllmale change reslllenco Rwanda and Uganda. WRI - Income from thg wo Resou$ Instilule lo transfom human induced lan¢Js¢apès through Forest L8nds¢8po Rtsloralion activities. This project is now closed. Rent. Th1$ Income 1$ lo used for fin8rth expenses. Saln8bury8- Income relates lo consultancy semces for the Sain$buW$ Fairty Traded 108 pilot. One Tr88 Planted- ARCOS 18 working in collaboration with One Tree Planted to plant 28,000 trees. ECO Seh<Y)Is - Part ol the Danish Ouldoor Cwncil's programme promoting the rlght to quality oducaSton through Eco-schools in Africa. VTS - A project eommlttod to w$toring and protecling Amasangano confluence wetland zone In Rwanda for enhanced ecological integrity and sustainable ¢ommunlty livel'hood$. Livelihoods - This 1$ a projecl focusing on fighling climale change and ils effects through the reductlon ol greenhouse emissions andlor the increase of genhOuSe gas sequestration. The projod also end&avours lo reducg poverty, promole gender equality and inclusion ol youth. stockholm Enviornment- Thls is a projecl lo provi(10 SUPPOrt lo tho enoMICS of Land Degradats'on policy engagement processes in Rwanda. Where funds are in deficit 8t the year end. in some circumstances Ihis has arisen from closing creditors or delayed income where enlillemenl was nol present at thg year end dalg, t)ul costs have been incurred on a¢tsvi11os. The Trustees are aware of this and wll monstor th& situation. Pag8 31
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY (A Company Llmlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 12. SUMMARY OF FUNDS SUMMARY OF FUNOS - CURRENT YEAR Balance at 1 January 2020 Balance at 31 December 2020 Incom• Exp•ndlture R8slrlcled fund$ 78.689 666.$31 {325,2041 420,016 SUMMARY OF FUNDS- PRIOR YEAR B¥lancg 81 1 January 2019 Balance al 31 DeCemr 2019 Income Exp8ndilure Reslrtctgd funds 35,071 234,992 1191.3741 78,689 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYS18 OF NET ASSET8 BEnvEEN FU1408 - CURRENT PERIOO R••trlct•d lunds 202 Total funds 2Q20 Tangible fSxèd assets Current assets Credllors due within one year 197.524 197,524 355,292 355,292 1132.8001 (132,800 Total 420,016 420.016 Page 32
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFf CONSERVATION SOCIETY IA Company Llmlted by Guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS (cont1ndI ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR PERIOD Re$tricl8d funds 2019 Total funds 2019 Tangible fixed assets Currgnl ass8ls Credllors duo wllhln ¢)ng year 143.200 27,289 191,800} 143,2 27,289 191,8001 Total 78.689 78.889 14. RECONCILIATION OF NET MOVEMENT IM FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019 Nel income for Ihg perlod las per Statement of Finan Advitigs) 341,327 43,618 AdJu8tm•nt¥ tor: Depreciation charge3 Profil on ihg sale of fixed assels Ilncreasgydecreasg in debtors Incr8aselldecreasel in creditors 5,559 130 1228,3871 1116,9331 1216,0281 2,164 41.000 169.0111 N•t ¢a•h us•d In op•ratlt)g actlvltl•$ 156,529) 1140,0321 15. ANALYSIS OF CASH AND CASH EQUIVALENTS 2020 2019 Cash in hand 134,498 22,523 Total euh and cash tquSval•nts 134,498 22.523 Pag& 33
Docusign EnvÈlope ID." 1BE2ECS1-CBF1>491MA5&1AF22AEEB156 ALBERTINE RIFT CONSERVATION SOCIETY IA Company Llmlt•d by Guaranteol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2020 16. ANALYSIS OF CHANGES IN NET DEBT At31 D•¢•mb•r 2020 J•nuary 2020 Cash flows Cash al bank ar in hand 22.523 111,975 134,498 22,S23 111,975 134.498 17. RELATED PARTY TRANSACTIONS Thgrg were no related parties or related paty Iransadions during the current or pr8vlou8 year. 18. POST BALANCE SHEET EVENTS ARCOS is in the process of purchasing a property in Kigali, however as 81 31 Dg¢&mber 2020 legal ownershlp had not yel passed lo ARCOS and the lull purchase price had not yel been pald. Part p8ymenl has been ma(Je and that is included in ¢urrgnl assels as a prepaid expense lo be retlodod in fixed assets once I81 litle ha8 POSS8d lo the charity and full payment has boon mado. Pagtr 34