## 

|`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|





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Melanie Shepherd 



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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|<br>—|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|<br>£|£|£|£|£|
|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 -----**<br>
-Melanie Shepherd<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Nigel Kolne<br>**----- End of picture text -----**<br>




## 

|||`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`|





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## 

||Unrestricted|Restricted|Endowment|2021Total|
|---|---|---|---|---|
||funds|funds|fund|funds|
||`£`|`£`|<br>`£`|<br>`£`|
|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|
||`£`|<br>`£`|<br>`£`|<br>`£`|
|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|<br>fund|funds|
|Groupandcharity|£|£|£|£|
|Grantspayabletofieldbasedprojects|||||
|GameRangersInternational-Zambia|60,612|173,004|—|233,616|
|PaintedDogConservation—Zimbabwe|14,639|15,361|<br>—|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)<br>Comparatives:|||||
|---|---|---|---|---|
|||||`2020`|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|fund|funds|
|Groupandcharity|£|£|<br>£|£|
|Grantspayabletofieldbasedprojects|||||
|GameRangersInternational-Zambia|42,478|150,229|<br>-|192,707|
|PaintedDogConservation—Zimbabwe|—|30,000|-|30,000|
|SavetheRhinoTrust-Namibia|23,079|21,611|<br>—|44,690|
|UgandaConservationFoundation-Uganda|8,469|16,531|<br>—|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`|`—`|<br>`—`|`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|`£`|`£`|<br>`£`|`£`|
|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<br>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<br>materialholdingsrelativetothemarketvalueofthe<br>thatdate:|followingholdi<br>totallistedinve|ngs,which<br>stmentspo|represented<br>rtfolioheldat|
|---|---|---|---|
|||`2021`||
|||`Market`|`2021`|
|||valueof|Percentage|
|||holding|ofportfolio|
|||`£`||
|FindlayParkFundsPLCAmericanUSDDis||67,057|12.11%|
|Comparative||||
|||`2020`||
|||Market|2020|
|||valueof|Percentage|
|||holding|ofportfolio|
|||`£`|<br>`%`|
|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)`|<br>`—`|
|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|`£`|`£`|<br>`£`|`£`|
|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|<br>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`|<br>`475,025`|`806,495`|





##