2021-03-31-accounts

Reports
Referenceandadministrativedetails
ofthecharity,itsTrusteesandadvisers	1
Trustees'report	3
Independentauditor'sreport	23

ConsolidatedFinancialStatements
Groupstatementoffinancialactivities	27
Balancesheets	29
Groupstatementofcashflows	30
Principalaccountingpolicies	31
Notestothefinancialstatements	36

FounderandPresident	ThelateDavidShepherdCBEFRSAFRGS
HonoraryVicePresidents	MarkCarwardine
	DavidGowerOBE
	SimonKingOBE
	GaryLinekerOBE
	MandyShepherd
	SabaDouglas-Hamilton
Trustees	MelanieShepherd(Chair)
	NigelColneCBE
	ChristopherCowdray
	FionaLuck
	AndrePienaar(resigned18June2021)
	RodneyBirrell
	AndrewBrown
	ZoeWoods
ConservationAdvisor	MarkCarwardine

SeniorManagementTeam	ChiefExecutive-GeorginaLamb
	ChiefFinancialOfficer—MaryNugent
Principaladdress	SabaHouse
	7KingsRoad
	Shalford
	Surrey
	GU48JU
Telephone	01483272323
Email	dswfa-)davidshepherd.org
Website	www.davidshepherd.org
Registeredoffice	OneBartholomewClose
	London
	EC1A7BL
Companyregistrationnumber	04918382(EnglandandWales)
Charityregistrationnumber	1106893

Auditor	BuzzacottLLP
	130WoodStreet
	London
	EC2V6DL
Bankers	TheRoyalBankofScotlandplc
	1FleetStreet
	London
	EC4Y1BD
Solicitors	BDBPitmansLLP
	OneBartholomewClose
	London
	EC1A7BL
Investmentmanagers	Smith&WilliamsonInvestmentManagementLLP
	25Moorgate
	London
	EC2R6AY

Melanie Shepherd

7.12.2021

atementoffinancialactivitiesYearto	31March2021	31March2021
gincomeandexpenditureaccount)
		Unrestricted	Unrestricted		Expendable	2021
		fund	fund	Restricted	endowment	Total
		-trading	charity	funds	fund	funds
	Notes	£	£	£	£	£
Incomefrom:
Donationsandlegacies	1	—	861,729	320,658	359,434	1,182,387
Othertradingactivities	2	141,375	196,215	21,844	—	359,434
Investmentincome		—	96	—	8,250	8,346
Otherincome		—	409	-	-	409
Totalincome		141,375	1,058,449	342,502	8,250	1,550,576
Expenditureonraisingfunds:	3
Tradingcompanycosts		70,923	—	—	—	70,923
• Other		—	270,352	10,406	1,877	282,635
		70.923	270,352	10,406	1,877	353,558
Netincomeavailableforcharitableapplication		70,452	788.097	332,096	6.373	1,197,018
Charitableactivities
Conservation	4	9.746	276.004	413,030	987	699,767
•Education	5	12.044	128.747	21,900	1,000	163,691
		21.790	404,751	434,930	1,987	863,458
Totalexpenditure		92,713	675,103	445,336	3,864	1,217,016
Netincome(expenditure)fortheyearbefore
gainsoninvestments	8	48,662	383.346	(102,834)	4,386	333,560
Netinvestmentgains	13	—	—	—	103,568	103,568
Netincome(expenditure)		48,662	383,346	(102,834)	107,954	437,128
	18/19/	(30,000)		—		—
Transfersbetweenfunds	20		(70,000)		100,000
Netincome(expenditure)andnetmovementin
fundsfortheyear		18,662	313,346	(102.834)	207,954	437,128
Reconciliationoffunds:
Balancesat1April2020		97,795	107.156	219.033	475,025	899,009
Balancesat31March2021		116,457	420,502	116,199	682,979	1,336,137

		Unrestricted	Unrestricted		Expendable	2020
		fund	fund	Restricted	endowment	Total
		-trading	charity	funds	fund	funds
	Notes	£	£	£	£	£
Incomefrom:
Donationsandlegacies	I	—	341,258	514.788	—	856.046
Othertradingactivities	2	77.430	296,399	65.991	—	439.820
Investmentincome		—	629	—	9.904	10.533
Otherincome		—	4.517	—	—	4,517
Totalincome		77,430	642.803	580.779	9.904	1,310.916
Expenditureonraisingfunds:	3
• Tradingcompanycosts		37.857	—	—	—	37.857
• Other		—	320,772	92,702	1,657	415,131
		37,857	320.772	92,702	1,657	452,988
Netincomeavailableforcharitableapplication		39.573	322,031	488.077	8.247	857,928
Charitableactivities
• Conservation	4	—	280,172	437,208	1,169	718,549
• Education	5	—	166,495	14.834	1,124	182.453
		—	446.667	452.042	2,293	901,002
Totalexpenditure		37,857	767,439	544.744	3.950	1,353.990
Netincome(expenditure)fortheyearbeforegains
oninvestments	8	39.573	(124.636)	36,035	5,954	(43,074)
Netinvestmentlosses	13	—	—	—	(37,942)	(37,942)
Netincome(expenditure)		39,573	(124,636)	36.035	(31,988)	(81,016)
Transfersbetweenfunds	18/19	—	12,389	(12.389)	—	—
Netincome(expenditure)andnetmovementin
fundsfortheyear		39.573	(112,247)	23.646	(31,988)	(81.016)
Reconciliationoffunds:
Balancesat1April2019		58.222	219.403	195.387	507.013	980.025
Balancesat31March2020		97.795	107.156	219.033	475.025	899.009

----- Start of picture text -----
-Melanie Shepherd
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----- Start of picture text -----
Nigel Kolne
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		2021	2020
	Notes	£	£
Cashflowsfromoperatingactivities:
Netcashprovidedby(usedin)operatingactivities	A	353,009	(154,405)
Cashflowsfrominvestingactivities:
Investmentincome		8,346	10,533
Purchaseoftangiblefixedassets		(5,199)	(7,151)
Purchaseofinvestments		(87,870)	(179,037)
Proceedsfromdisposalofinvestments		90,354	94,705
Netcashusedininvestingactivities		5,631	(80,950)
Changeincashandcashequivalentsintheyear		358,640	(235,355)
Cashandcashequivalentsat1April2020	B	369,172	604,527
Cashandcashequivalentsat31March2021	B	727,812	369,172

	Notestothestatementofcashflowsfortheyearto31March2021.	Notestothestatementofcashflowsfortheyearto31March2021.
A	Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)		operating
	activities
		2021	2020
		£	£
	Netmovementinfunds(asperthestatementoffinancialactivities)	437,128	(81,016)
	Adjustmentsfor:
	Depreciationcharge	5,982	7,845
	Lossondisposaloffixedassets	51	-
	(Gains)lossesoninvestments	(103,568)	37,942
	Investmentincome	(8,346)	(10,533)
	Decreaseinstocks	2,304	927
	Decrease(increase)indebtors	(25,831)	(82,674)
	Increaseincreditors	45,289	(26,896)
	Netcashprovidedby(usedin)operatingactivities	353,009	(154,405)

B	Analysisofcashandcashequivalents
		2021	2020
		£	£
	Cashatbankandinhand	614,807	362,430
	Cashheldbyinvestmentmanager	113,005	6,742
	Totalcashandcashequivalents	727,812	369,172

	Unrestricted	Restricted	Endowment	2021Total
	funds	funds	fund	funds
	£	£	£	£
Legacies	555,015	2,385	—	557,400
Donations:
Individuals	179,680	85,059	—	264,739
• Corporatedonors	36,173	27,841	—	64,014
• Trustsandfoundations	84,511	157,088	—	241,599
• Communityfundraising	5,227	1,411	—	6,638
• Animaladoptionprogramme	80	46,874	—	46,954
• Educationprogramme	1,043	—	—	1,043
2021Totalfunds	861,729	320,658	—	1,182,387

	Unrestricted	Restricted	Endowment	2020Total
	funds	funds	fund	funds
	£	£	£	£
Legacies	130.490	29,751	—	160,241
Giftsinkind	—	66,452	—	66.452
Donations:
• Individuals	143,095	210,332	—	353,427
• Corporatedonors	23,390	5,776	—	29,166
• Trustsandfoundations	19,940	146,218	—	166,158
Communityfundraising	15,219	3,771	—	18,990
• Animaladoptionprogramme	2,798	51,782	—	54,580
Educationprogramme	6,326	706	—	7,032
2020Totalfunds	341,258	514,788	—	856,046

Othertradingactivities
			2021
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Events
• LondonMarathon	6,792	844	7,636
• GlobalCanvasChildren'sArtCompetition	—	6,000	6,000
• WildlifeArtistoftheYear	86,497	15,000	101,497
• VirtualWildlifeBall	101,760	—	101,760
• Sundryevents	1,166	—	1,166
Total	196,215	21,844	218,059
Tradingcompanyincome	141,375	—	141,375
2021Totalfunds	337,590	21,844	359,434

Comparatives:
			2020
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Events
• LondonMarathon	13,622	—	13,622
• RideLondon	5,790	—	5,790
• GlobalCanvasChildren'sArtCompetition	40	5.000	5,040
• WildlifeArtistoftheYear	85,035	—	85,035
• DorchesterWildlifeBall	155,066	—	155,066
• Artexhibitions	33,500	59.794	93,294
• ChristmasConcert	3,076	—	3,076
• Sundrysponsoredevents	270	1,197	1,467
Total	296.399	65,991	362,390
Tradingcompanyincome	77,430	—	77,430
2020Totalfunds	373,829	65,991	439,820

Expenditureonraisingfunds
				2021
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
	£	£	£	£
Staffcosts	111,639	-	-	111,639
Eventcosts	52,594	-	-	52,594
Appealandadoptioncosts	418	10,313	-	10,731
PRandcommunications	1,847	-	-	1,847
Fundraisingcosts	1,502	-	-	1,502
WildlifeMatters	2,660	-	-	2,660
Websiteanddatabase	8,801	-	-	8,801
Charitydonationsitecharges	9,769	93	-	9,862
	189,230	10,406	-	199,636
Supportcosts	99,668	-	1,877	101,545
	288,898	10,406	1,877	301,181
Tradingcompanycostofsales	52,377	-	-	52,377
2021Totalfunds	341,275	10,406	1,877	353,558

Comparatives:
				2020
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
	£	£	£	£
Staffcosts	109,594	-	-	109,594
Eventcosts	102,385	82,975	-	185,360
Appealandadoptioncosts	1,814	9,727	-	11,541
Membershipcosts	121	-	-	121
PRandcommunications	3,015	-	-	3,015
Fundraisingcosts	5,122	-	-	5,122
WildlifeMatters	2.302	-	-	2,302
Websiteanddatabase	10,010	-	-	10,010
Charitydonationsitecharges	5,028	-	-	5,028
	239,391	92,702	-	332,093
Supportcosts	81,381	-	1,657	83,038
	320,772	92,702	1,657	415,131
Tradingcompanycosts	37,857	-	-	37,857
2020Totalfunds	358,629	92,702	1,657	452,988

Conservation
				2021
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
Groupandcharity	£	£	£	£
Grantspayabletofieldbasedprojects
GameRangersInternational-Zambia	60,612	173,004	—	233,616
PaintedDogConservation—Zimbabwe	14,639	15,361	—	30,000
SavetheRhinoTrust—Namibia	—	30,000	-	30,000
UgandaConservationFoundation—Uganda	8,258	1,742	—	10,000
PhoenixFundAmurTiger—Russia	10,302	19,698	-	30,000
Aaranyak—India	—	55,000	-	55,000
WTIRapidActionProject—India	13,000	7,000	—	20,000
FreelandTiger—Thailand	—	15,000	-	15,000
SnowLeopardTrust—Mongolia	7,326	7,674	—	15,000
SnowLeopardTrust-Kyrgyzstan	1,980	13,020	-	15,000
WildAid—ChinaandVietnam	—	15,000	-	15,000
ChimpConservationCentre—Guinea	9,708	4,951	—	14,659
ThePangolinProject-Kenya	—	10,000	-	10,000
SaveVietnam'sWildlife-Vietnam	—	20,000	-	20,000
Sundrysmallgrants	—	5,557	—	5,557
Fundingforglobalinvestigationsandpolicy
EnvironmentalInvestigationAgency-tiger	—	10,000	—	10,000
EnvironmentalInvestigationAgency-pangolin	—	10,000	-	10,000
FightingIllegalWildlifeTrade/CITES	29,977	23	-	30,000
	155,802	413,030	—	558,832
Otherdirectcosts
Staffcosts	58,627			58,627
Policyandcampaigncosts	7,805	-	-	7,805
Otherprojectandgrantsupportcosts	9,290	-	-	9,290
PRandcommunicationscosts	1,847	-	-	1,847
	77,569	-	-	77,569
Supportcosts	52,379	—	987	53,366
2021Totalfunds	285.750	413,030	987	699,767

Conservation(continued) Comparatives:
				2020
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
Groupandcharity	£	£	£	£
Grantspayabletofieldbasedprojects
GameRangersInternational-Zambia	42,478	150,229	-	192,707
PaintedDogConservation—Zimbabwe	—	30,000	-	30,000
SavetheRhinoTrust-Namibia	23,079	21,611	—	44,690
UgandaConservationFoundation-Uganda	8,469	16,531	—	25,000
PhoenixFundAmurTiger—Russia	6,100	23,900	-	30,000
Aaranyak-India	—	55,000	—	55,000
WTIRapidActionProject-India	9,640	1,850	-	11,490
FreelandTiger-Thailand	—	16.000	-	16,000
SnowLeopardTrust-Mongolia	5,683	9,317	—	15,000
SnowLeopardTrust-Kyrgyzstan	—	15,000	-	15,000
WildAid-ChinaandVietnam	—	15,000	-	15,000
ChimpConservationCentre-Guinea	883	11,117	—	12,000
Rhino911-SouthAfrica	8,225	1,775	—	10.000
OperationFootprints	—	8,187	—	8,187
Sundrysmallgrants	2,500	3,311	—	5,811
Fundingforglobalinvestigationsandpolicy
FreelandInvestigations	7,500	7,500	-	15,000
EnvironmentalInvestigationAgency	5,000	15,000	-	20,000
FightingIllegalWildlifeTrade/CITES	(1,977)	35,880	-	33,903
	117,580	437,208	—	554,788
Otherdirectcosts
Staffcosts	97,966	—	—	97,966
Policyandcampaigncosts	26	—	—	26
Projectauditvisits	1,720	-	-	1,720
DavidShepherdConservationAward	1.000	-	-	1,000
Otherprojectandgrantadministration	1,471	-	-	1,471
PRandcommunicationscosts	3.006	-	-	3,006
	105,189	-	-	105,189
Supportcosts	57.403	-	1,169	58,572
2020Totalfunds	280,172	437,208	1,169	718,549

Education
				2021
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
Groupandcharity	£	£	£
Staffcosts	63,641	—	—	63,641
WildlifeMatters	10,641	—	—	10,641
Educationprogramme	8,841	5,587	-	14,428
GlobalCanvasChildren'sArtCompetition	-	6,000	—	6,000
Appealandadoptioncosts	417	10,313	—	10,730
Website	2,298	—	—	2,298
PRandcommunications	1,846	—	—	1,846
	87,684	21,900	—	109,584
Supportcosts	53,107	—	1,000	54,107
2021Totalfunds	140,791	21,900	1,000	163,691
Comparatives:
				2020
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
Groupandcharity	£	£	£	£
Staffcosts	70,115	-	-	70,115
WildlifeMatters	9,207	-	-	9,207
Educationprogramme	22,799	-	-	22,799
GlobalCanvasArtCompetition	-	5,107	-	5,107
Otherevents	283	-	-	283
Appealandadoptioncosts	1,814	9,727	-	11,541
Membershipcosts	121	-	-	121
Website	3,927	-	-	3,927
PRandcommunications	3,006	-	-	3,006
	111,272	14.834	-	126,106
Supportcosts	55,223	—	1,124	56,347
2020Totalfunds	166,495	14,834	1,124	182,453

Supportcosts
				2021
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
Charity	£	£	£	£
Staffcosts	88,665	—	—	88,665
Propertycosts	12,587	—	—	12,587
Officeandcomputercosts	22,468	—	—	22,468
Depreciation	4,149	—	—	4,149
IrrecoverableVAT	4,076	-	-	4,076
Legalandprofessional	27,235	—	—	27,235
Bank,creditcard,giftaidadministration	1,710	-	-	1,710
Investmentmanagerfees	—	—	3,864	3,864
TradingCompanyadministrationcosts	38,174	—	—	38,174
Otheradministrationcosts	6,090	-	-	6,090
2021Totalfunds	205,154	-	3,864	209,018

Comparatives:
				2020
	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
Charity	£	£	£	£
Staffcosts	88,832	—	—	88,832
Propertycosts	22,950	-	-	22,950
Travelandentertaining	1,561	—	—	1,561
Officeandcomputercosts	30,034	-	-	30,034
Depreciation	7,845	—	—	7,845
IrrecoverableVAT	17.041	-	-	17,041
Legalandprofessional	19,618	—	—	19,618
Bank,creditcard,giftaidadministration	5,290	-	-	5,290
Investmentmanagerfees	—	—	3,950	3,950
Otheradministrationcosts	836	—	—	836
2020Totalfunds	194,007	-	3,950	197,957

figureshavealsobeenre	classified.
				2021
		Conservation		Total
	Raisingfunds	grantgiving	Education	funds	Basisof
Charity	£	£	£	£	allocation
Staffcosts	43,075	22,638	22,952	88,665	%stafftime
Propertycosts	6.115	3,214	3,258	12,587	%stafftime
Officeandcomputercosts	10,915	5,737	5,816	22,468	%stafftime
Depreciation	2,016	1,059	1,074	4,149	%stafftime
IrrecoverableVAT	1,980	1,041	1,055	4,076	%stafftime
Legalandprofessional	13,231	6,954	7,050	27,235	%stafftime
Bank,creditcard,giftaid
administration	831	436	443	1,710	%stafftime
Investmentmanagerfees	1,877	987	1,000	3,864	%stafftime
TradingCompany
administrationcosts	18,546	9,746	9,882	38,174	%stafftime
Otheradministrationcosts	2,959	1,554	1,577	6,090	%stafftime
	101,545	53,366	54,107	209,018

Comparatives.
				2020
		Conservation		Total
	Raisingfunds	grantgiving	Education	funds	Basisof
Charity	£	£	£	£	allocation
Staffcosts	37,263	26,284	25,285	88,832	%staffsplit
Propertycosts	9,627	6,790	6,533	22,950	%staffsplit
Travelandentertaining	654	461	446	1,561	%staffsplit
Officeandcomputercosts	12,599	8,886	8,549	30,034	%staffsplit
Depreciation	3,291	2,323	2,231	7,845	%staffsplit
IrrecoverableVAT	7,148	5,042	4,851	17,041	%staffsplit
Legalandprofessional	8,229	5,805	5,584	19,618	%staffsplit
Bank,creditcard,giftaid
administration	2,219	1,565	1,506	5,290	%staffsplit
Investmentmanagerfees	1,657	1,169	1,124	3,950	%staffsplit
Otheradministrationcosts	351	247	238	836	%staffsplit
	83,038	58,572	56,347	197.957	%staffsplit

ncludedwithinsupportcosts,aslegalandprofessiona llofwhicharechargedagainstunrestrictedfunds:	lexpenses,arethefollowin	gamounts
	2021	2020
	Total	Total
	£	£
Auditor'sremuneration:
.Auditofthegroupfinancialstatements	9,504	8,800
Legal,professionalandaccountancy	17,731	10,818
Totals	27,325	19,618

	2021	2020
	Total	Total
Group	£	£
Staffcosts(note9)	364,238	384,659
Auditor'sremuneration
.Auditofthegroupfinancialstatements	9,504	8,800
Depreciation(note11)	5,982	7,845
Operatingleaserentals	16,250	30,000

StaffcostsandTrustees'remuneration
	2021	2020
	£	£
Staffcostsduringtheyearwereasfollows:
Wagesandsalaries	329,785	345,254
• Socialsecuritycosts	26,214	29,585
• Pensioncosts	8,238	9,820
	364,238	384,659

Onafulltimeequivalentbasis,staffnumber	swereasfollows:
	2021	2020
Charity	12	12
Tradingsubsidiary	—	—
	12	12

	Leasehold	Fixtures	Office	Computer	2020
	improvements	andfittings	equipment	equipment	Total
Groupandcharity	£	£	£	£	£
Cost
At1April2020	49.539	4,063	6,014	45,468	105,084
Additions	—	—		5,199	5,199
Disposals	—	—	(2,480)	(2,500)	(4,980)
At31March2021	49.539	4,063	3,534	48,167	105,303
Depreciation
At1April2020	49,539	4,063	5,958	34,784	94,344
Chargeforyear	—	—	42	5,940	5,982
Eliminatedondisposal	—	—	(2,480)	(2,449)	(4,929)
At31March2021	49,539	4,063	3,520	38.275	95,397
Netbookvalues
At31March 2021	-	-	14	9,892	9,906
At31March2020	-	-	56	10.684	10,740

	Leasehold	Fixtures	Office	Computer	2020
	improvements	andfittings	equipment	equipment	Total
Charity	£	£	£	£	£
Cost
At1April2020	10,000	1,972	1,923	42,419	56,314
Additions	—	—	—	1,199	1,199
Disposals	—	—	—	(2,500)	(2,500)
At31March2021	10,000	1,972	1,923	41,118	55,013
Depreciation
At1April2020	10,000	1,972	1,867	33,735	47,574
Chargeforyear	—	—	42	4,107	4,149
Eliminatedondisposal	—	—	—	(2,449)	(2.449)
At31March2021	10,000	1,972	1,909	35,393	49.274
Netbookvalues
At31March2021	—	—	14	5,725	5.739
At31March2020	-	-	56	8.684	8,740

	2021	2020
	£	£
InvestmentinDSWFTradingCompanyLimitedatcost	100	100
Profitandlossofsubsidiary
Turnover	141,342	77,392
Costofsales	(49,051)	(2,084)
Grossprofit	92,291	75,308
Staffcosts
Otheradministrativeexpenses	(43,629)	(35,788)
Profitfortheyear	48,662	39,520
GiftAiddonationtoDavidShepherdWildlifeFoundation	(30,000)	—
Retainedprofitforthefinancialyear	18,662	39,520
Aggregatedcapitalandreservesat31March2021	111,272	92,610

ListedInvestments
	2021	2020
Groupandcharity	£	£
Listedinvestments
Marketvalueat1April2020	452,821	406,431
Additionsatcost	87,870	179,036
Disposalsatbookvalue(proceeds:£90,354;gains:£8,593)	(81,761)	(92,546)
Unrealisedgains/(losses)	94,975	(40,100)
Marketvalueat31March2021	553,905	452,821
Cashheldbyinvestmentmanagers	113,005	6,742
	666,910	459,563
Costoflistedinvestmentsat31March2021	476,913	477,349

Listedinvestmentsheldat31March2021co	mprisedthefollowing:
	2021	2020
	£	£
UKequities	136,779	89,369
UKfixedinterest	62,004	68,238
Overseasequities	187,802	143,260
Overseasindexlinked	13,514	-
Alternativeassets	153,806	151,954
	553,905	452,821

At31March2021listedinvestmentsincludedthe materialholdingsrelativetothemarketvalueofthe thatdate:	followingholdi totallistedinve	ngs,which stmentspo	represented rtfolioheldat
		2021
		Market	2021
		valueof	Percentage
		holding	ofportfolio
		£
FindlayParkFundsPLCAmericanUSDDis		67,057	12.11%
Comparative
		2020
		Market	2020
		valueof	Percentage
		holding	ofportfolio
		£	%
FindlayParkFundsPLCAmericanUSDDis	_	51,938	11.47%

Stock
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Printsandothermerchandiseforsale	6,684	8,988	—	—

Debtors
	Group		Charity
	2021	2020	2021	2020
Tradedebtors	1,629	4,328	578	3,570
Otherdebtorsandprepayments	142,984	115,740	138,623	114,629
VATrecoverable	1,913	627	4,651	265
Amountsduefromgroupundertaking			30,000
		120,695	173,852	__

Creditors:amountsfallingduewith	inoneyear
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Tradecreditors	11,246	21,566	7,051	16,653
Accruals	49,084	18,286	22,845	16,471
Deferredincome	21,250	17,555	21,250	17,555
Othercreditors	19,750	6,000	13,750	-
Othertaxesandsocialsecurity	7,366	—	7,366	-
Amountsduetogroupundertaking	—	—	1,788	15,967
	108,696	63,407	74,050	66,646

	2021	2020
	£	£
Withinoneyear	30,000	30,000
Betweenoneandtwoyears	30,000	30,000
Betweentwoandfiveyears	22,500	52,500
	82,500	112,500

unexpendedbalancesofdonationsand	grantstobea	ppliedfors	pecificpurpo	ses:
			Expenditure,
			gains,
	At1April		lossesand	At31March
	2020	Income	transfers	2021
Charityandarou	£	£	£	£
Speciesandprojectactivityfunds:
PaintedDog	2,469	10,178	(12,647)	—
Elephant	227	26,780	(26,147)	860
Lion	149	264	(413)	—
Pangolin	66,516	31,731	(66,877)	31,370
Rhino	11,317	7,915	(19,232)	—
SnowLeopard	120	7,105	(7,225)	—
Tiger	4,388	29,113	(31,879)	1,622
Chimpanzee	81	268	(349)	—
Education	5,555	3,332	(5,587)	3,300
WildlifeCrimePrevention-Rangers	—	3,102	(3,102)	—
Projectfunds:
GameRangersInternational-Zambia	153	39,755	(39,908)	—
EducationCentre-Zambia	90,520	-	(70,000)	20,520
PaintedDogConservationProject-Zimbabwe	5,100	300	(5,400)	—
SavetheRhinoTrust—Namibia	10.754	20,395	(30,000)	1,149
UgandaConservationFoundation—Uganda	—	1,515	(1,515)	—
PhoenixFundAmurTigerProject—Russia	147	882	(1,029)	—
Aaranyak—India	74	31,045	(31,119)	—
WildlifeTrustofIndia-India	—	1,000	(1.000)	—
FreelandTigerProject—Thailand	93	15.000	(15,000)	93
SnowLeopardTrust—Mongolia	—	12,000	(3,000)	9,000
SnowLeopardTrust-Kyrgyzstan	12,232	—	(12,232)	—
WildAid—ChinaandVietnam	—	15,000	(15,000)	-
CITES	13	10	(23)	—
ChimpConservationCentre-Guinea	—	5.001	(5.001)	—
EnvironmentalInvestigationAgency	—	20,000	(20,000)	—
SavingVietnam'sWildlife	—	10,000	(10,000)	—
OperationFootprints	8,135	—	—	8,135
Smallfunds	990	4,661	(5.651)	-
	219.033	296,352	(439,336)	76,049
Other:
Eventsponsorship	—	21,150	(6.000)	15,150
Operationalcostfunding	—	25.000	-	25,000
	-	46.150	(6.000)	40,150
Total	219,033	342,502	(445,336)	116,199

18.Restrictedfunds(continued)
Comparative:			Expenditure,
			gains,
	At1April		lossesand	At31March
	2019	Income	transfers	2020
Charityandorou	£	£	£	£
Speciesandprojectactivityfunds:
PaintedDog	18,592	14,509	(30,632)	2,469
Elephant	2,251	85,659	(87,683)	227
Lion	473	1,652	(1,976)	149
Pangolin	15,193	62,760	(11,437)	66,516
Rhino	2,076	17,632	(8,391)	11,317
SnowLeopard	3,324	6,185	(9,389)	120
Tiger	8,430	37,870	(41,912)	4,388
Chimpanzee	6,073	3,142	(9,134)	81
Education	62	10,600	(5,107)	5,555
WildlifeCrimePrevention-Rangers	4,265	4,033	(8,298)	—
Projectfunds:
GameRangersInternational-Zambia	1,830	90,763	(92,440)	153
EducationCentre-Zambia	90,520	-	-	90,520
PaintedDogConservationProject-Zimbabwe	887	5,300	(1,087)	5,100
SavetheRhinoTrust-Namibia	3,150	21,644	(14,040)	10,754
UgandaConservationFoundation-Uganda	3,338	5,000	(8,338)	—
PhoenixFundAmurTigerProject-Russia	147	594	(594)	147
Aaranyak-India	—	54,614	(54,540)	74
FreelandTigerProject-Thailand	—	15,093	(15,000)	93
SnowLeopardTrust-Mongolia	523	—	(523)	—
SnowLeopardTrust-Kyrgyzstan	15,806	12,232	(15,806)	12,232
Rhino911-SouthAfrica	1,625	150	(1,775)	—
WildAid-ChinaandVietnam	—	15,000	(15,000)	—
CITES	—	35,893	(35,880)	13
ChimpConservationCentre-Guinea	—	2,240	(2,240)	—
EnvironmentalInvestigationAgency	—	9,962	(9,962)	—
OperationFootprints	16,822	—	(8,687)	8,135
Smallfunds	—	1,800	(810)	990
	195,387	514,327	(490,681)	219,033
Other:
GiftsinKind	—	66,452	(66,452)	-
	-	66,452	(66,452)	—
Total	195,387	580,779	(557,133)	219.033

Expendableendowmentfund
			Expenditure,
			gains,
	At1		losses	At31
	April		and	March
	2020	Income	transfers	2021
	£	£	£	£
Expendableendowmentfund	475,025	8,250	199,704	682,979

Comparative:
			Expenditure,
			gains,
	At1		losses	At31
	April		and	March
	2019	Income	transfers	2020
	£	£	£	£
Expendableendowmentfund	507,013	9,904	(41,892)	475,025
Designatedfund
			Expenditure,
			gains,
	At1		losses	At31
	April		and	March
	2020	Income	transfers	2021
	£	£	£	£
Designatedconservationfund	—	—	150,000	150,000

			Non-
			charitable		Expendable
	Restricted	Unrestricted	trading	Designated	endowment	31March
	funds	funds	funds	fund	fund	2021
Group	£	£	£	£	£	£
Fundbalancesat31March
2021arerepresentedby:
Fixedassets	—	5,739	4,167	—	—	9,906
Investments	—	—	—	—	666,910	666,910
Netcurrentassets	116.199	264,763	112,290	150,000	16,069	659,321
Totalnetassets	116,199	270,502	116,457	150,000	682,979	1,336,137

				Expendable
	Restricted	Unrestricted	Designated	endowment	31March
	funds	fund	fund	fund	2021
Charity	£	£	£	£	£
Fundbalancesat31March2021are
representedby:
Fixedassetsincludinginvestmentin
subsidiary	—	5,839	—	—	5,839
Investments	—	—	—	666,910	666,910
Netcurrentassets	116.199	269,944	150,000	16,069	552,212
Totalnetassets	116,199	275,783	150.000	682,979	1,224,961
Comparative
			Non-
			charitable	Expendable
	Restricted	Unrestricted	trading	endowment	31March
Group	funds	funds	funds	fund	2020
	£	£	£	£	£
Fundbalancesat31March2020are
representedby:
Fixedassets	—	10,740	—	—	10,740
Investments	—	—	—	459,563	459,563
Netcurrentassets	219,033	96,416	97,795	15,462	428,706
Totalnetassets	219,033	107,156	97,795	475,025	899,009

			Expendable
	Restricted	Unrestricted	endowment	31March
Charity	funds	fund	fund	2020
	£	£	£	£
Fundbalancesat31March2020arerepresentedby:
Fixedassetsincludinginvestmentin
subsidiary	—	8,840	—	8,840
Investments	—	—	459,563	459,563
Netcurrentassets	219,033	103,597	15,462	338,092
Totalnetassets	219,033	112,437	475,025	806,495