Charlty Registration No. 111535Q Compaiiy Registration No. 04929906 IEn9land and Wales) ENDANGERED ASIAN SPECIES TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022
ENDANGERED ASIAN SPECIES TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr B Glazier Professor Dr J Pei Dr A L Cronin MBE Secretary Lesler Aldridge Servi$ Cornpany Limited Charity number 1115350 Company number 04929906 Principal address Longthorns Wareham Doisel 8H20 6HH Reg%stered ollice stag G8lÈs Hous& 63164 Th6 Avenu8 Soulh3mpton Hampshire S017 1XS In(lependent examin&r Fiander Tovell Limited stag Gates House 63184 The Avenue Southampton H2mpshire SO17 IXS
ENDANGERED ASIAN SPECIES TRUST CONTENTS Page Trustees, report Independent examii)effs report 12 Slaten)enl of finanual activitieg 13 Balance sheet 14 Notès lo the financial s181ements 15-22
ENDANGERED ASIAN SPECIES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 28 FEBRUARY 2022 The Trustees present their report and financial statements for the year ended 28 February 2022. The finat)cial statementg hav& bÈen prepar&d In accordance with the 8ccounting policies sel out in note 1 to the financial statements and Comply with the charitable company's governiiig document. the Cornpanies Act 2006 and Accounting and Reporting by Charities. St31emenl ol Recommended Practice applicable 10 charities preparing their accounls in accord3nce willi the Financial Reporting Staiid8rd applicable in thè UK and Republic of Ireland IFRS 1021 leffecliwe 1 January 20191" Objectives and activities The charitable company's objectives as stated in Its Memoiandum ol Association are.. To promote the conserv3lioi) ol endangerecs Asian species,. and To advance the education about, and researcli into endangered Asian species. The Trustees have paid due iegaid to guidance issued by Ihe Charity Commission in deciding what activitles the charitable company should undertake. The Emdangerecf Asi8n Species Trust provides a range of services in Vietnam to rescue, rehabilitate and release prim8tes b8ck into the wild. Endatiger8d Asian Species Trust also ¢arrie8 DUI wildlife surveys and gener311y educates Ilie public and raises awarenes8 both in Vietn8m 8nd internationally. Achievoments and pèrftsrmance S&epages3- 11. Financial review The statement of fii)ancial activities Is set oul on page 10 and shows the results of the activities ¢8rried out during the period. Income during the period was £146,467 12021.. £159.7191. All income was unresiricted. The lolal expendilure uring Ihe peiiod was £146, 164 12021. £193,281). Thi5 resul(ed in a net unreslricled surplus of £303 12021-. £33.562 defiatl. Tlie reserves of the cl)arily at 28 February 2022 were £48.14212021.' £47,837). It 18 the policy of the charitable ¢omp8ny thal uTrrestricted funds which have nol been designated for 3 specific Use should be maintained 81 8 level equiv8lenl lo between three and six months, expenditure. The Trustees consider that reserves at this level will ensure that, In the event of a significant drop in funding, they will be able to coi)tinue the charitable company's current aclivities while consideration is given to ways in whid) additional funds may be r8ised. This level of reserves has been maintained tliroughoul tl)e year. The Trustees have assessed the rnajor risks lo which the charilable Company is exp05ed, and are satisfied th81 systems are In place lo mitigate exposuie to the majoi rssks. structure, governance and management The Endangered Asiaii Species Trust IEASTI was incorporated as a Company Limited by Guarantee on 13 October 2Q03, as amended by special resolution on 28 June 2006. It has no share capital and is a re9isiered ¢h81ity, the guarantee of each mernber bein9 limited to £1. The governiiig docurnenlls the Memorandum and Ariicles olAssocialion of the COTllpany dated 28 June 2006 and the members of the Board of Trustees are the Directo¥s ol the company. for the purpose of company law. Thè rules regarding the number of dire¢tors and their appoinlrnenl, reappointment and removal are contained in the Articles ofAssociation to which Teference should be made.
ENDANGERED ASIAN SPECIES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 The Trtsslees, who are also the directors for the purpose ¢1 ¢ompany18w, and who seNÈd during the year and L*P lo the dale ol signature of the financial statements were.. Mr B Glazier Professor Dr J Pei DrA L Cronin M8E Trustees are appointed by the existing trustees to fill a vacancy as required and in accordance with the Articles of Asso¢ialion. Truslet trainin9 15 offered as required in order for trustees to carry out their duties, Th lees, repo was approved by the Board of Trustees. L Cronin MBE Trustee 03101#
Endangered Asian Species Trust Trustees Report
February 2021 to February 2022
The Endangered Asian Species Trust works to help stop the illegal trade in primates, with a specific focus on South Vietnam. In South Vietnam the Dao Tien Endangered Primate Species Centre founded in 2008 continues to work in collaboration with the Ministry of Agriculture and Rural Development of Vietnam in the rescue, rehabilitation and release of endangered primates, naturally occurring in South Vietnam. Running alongside the animal welfare is a strong education awareness program; working in schools, local communities and internationally.
Activities:
1. Endangered Primate RESCUE
Dao Tien receives endangered primates confiscated by Vietnamese Government authorities, enforcing national and international law. In this last year Dao Tien rescued one golden-cheeked gibbon ( Nomascus gabriellae ), one douc langur ( Pygathrix nigripes) , and 6 pygmy slow loris ( Nycticebus pygmaeus ) from the illegal wildlife trade.
1.1 Nomascus : The crested gibbon rescued involved one infant from the Central Highlands ept illegally as a pet chained up. Working closely with the Lam Dong Forestry Protection department the young male infant was confiscated following Vietnamese Law and transferred to Dao Tien. The infant estimated at 12 months of age underwent health screening (see Figure 1) and Genetic confirmation of Nomascus species.
Figure 1. Lewis health check and disease screening
The infant (named Lewis) confirmed disease free and genetically confirmed as gabriellae was then socialised with a companion. Normally we cho se surrogate mothers for infants, but we decided to
socialise him with an adolescent female who was on track for the trees, as Lewis based on his lack of humanisation (see Figure 2).
Figure 2. Lewis pre-socialisation
Identified issues : Gibbons from the pet trade have often been humanised- which ultimately makes them unfit for release when mature. To fast track infants into the trees that are not friendly to humans is key in gibbon rehabilitation. Two issues have been identified (a). A high percentage of gibbons rescued are unfit for release, based on disease profile or social behaviour. Exit strategies (re-homing in non-release centres) need to be found. This strategy will be considered by the Government but has been delayed by Covid restrictions. We now plan to further investigate exit-strategies in the next three years (b). No more capacity to rescue gibbons until exit-strategies found or successful release protocols.
1.2 Pygathrix : One infant douc was rescued this year (see Figure 3). The young douc arrived very sick and died overnight. Post-mortem results suggested severe dehydration and stress We were aware of other douc but they died before rescue, so numbers received does not truly indicate the scale of the trade. An online workshop took place with delegates from the Southern heads of Forestry Protection Departments from the South of Vietnam, to strengthen the support for primate rescue and especially douc rescue (Figure 4 & 5). Information was provided on
(a) immediate care for douc
(b) the need for rapid transfer to a specialist facility like Dao Tien
(c) a need for further focus on this under-studied genus in the wild,
(d), and in particular investigation into the black-shanked douc nutrition in the wild and captivity, as more complex than the red and grey species, who rely more heavily on leaf.
Figure 3. Very sick infant blackshanked douc receiving specialist care on Dao Tien.
.
Figure 4. Workshop gifts for all delegates.
Figure 5. Dao Tien staff all attended the workshop
Identified issues : Three Issues identified:
(a) Dao Tien had identified the need for specialist douc facilities, taking into consideration specialist needs. This was delayed in 2021 due to COVID - we hope 2022/23 the construction will be complete (b) strong law enforcement needed to confiscate douc from the illegal trade, an issue has been identified with law enforcement with ethnic minority groups
c) Once douc are confiscated they must be rapidly transferred to specialist centres such as Dao Tien to limit damage from feeding the incorrect diet. The workshop has increased awareness for this to be done, but not yet fully acted upon.
1.3 Nycticebus: Slow loris rescue has been continuous since 2008, with the care for over 190 individuals. Most have arrived malnourished with minor injuries. Emergency care on arrival has now been established for this species. Paper being published on pygmy loris morbidity- from problems from rescue and problems occurring during captive care, with improved husbandry outlined to eliminate the main causes of morbidity (see Figure 6).
Figure 6. Initial assessment of pygmy ow oris on arrival at Dao Tien.
Identified issues:
Captive care has been developed over the last year and now a good knowledge and standard of care has been achieved, to be published in the Journal of Vietnamese Primatology. This sharing of knowledge is key to ensure increased husbandry practice and captive management within Vietnam and South-east Asia and to ex-situ.
More specialised information on captive care is needed for Bengal low oris ( Nycticebus bengalensis )
2. Endangered Primate REHABILITATION
The rehabilitation of endangered primates is always in constant development and improvement (husbandry techniques, using new data gathered from wild observations and post-release individuals .
2.1 Nomascus : We care for 38 gibbons from the illegal trade, at different stages of rehabilitation (quarantine to release). Maintaining and improving the standard of welfare for nonreleasable gibbons and improving our phase two rehabilitation process before release (see Figure 7).
Figure 7: Rehabilitation of Nomascus gabriellae on Dao Tien Island, phase one.
Identified issues :
(a) Gibbons being apes humanise easily, and the need for more forested enclosures instead of cages at the start of rehabilitation is important
(b) The maintenance of forested enclosures in forest is expensive, with high frequency of tree falls (Figure 8). Slowly the fences are being modified to be less to damage from lightning strike and the structure simplified repair after tree fall .
Figure 8. Tree fall on forested gibbon enclosure fence line.
2.2 Nycticebus : ontinued rehabilitation and preparation for release. We have identified that short term and long term captive animals can be released. We now are working on long term humanised pygmy low loris displaying significant behavioural problems - if they can be rehabilitated and ultimately released So far after two years of work this is looking very positive with one individual starting to socialise (Figure 9 & 10) and ready to move into a forested enclosure.
Figure 9. Ex-pet pygmy slow loris Xuli
Figure 10. Xuli and Binh sleeping post-introduction
2.3 Pygathrix: The social, physical and nutritional needs of infant, juvenile and adolescent douc are very challenging in captivity. We have a focussed team who provide emotional support, another team who collect known wild douc leaf species and wild douc faeces to help maintain a healthy gut. Work has been done on health screening specific to douc and extra nutrition needed for transition from juvenile to adolescent animals.
Identified issues : The rehabilitation of douc (especially black-shanked) is challenging (a) Live animals are still not transferred rapidly enough
(b) The difference in black-shanked diet to grey has been identified - with less leaf eaten (Figure 11 & 12). Development of the diet beyond leaf is key for healthy black-shanked douc, especially with growth spurts. Working closely with wild observations we have developed a more specific diet for blackshanked
(c) the orphan douc with daily activities in the trees have achieved normal forest skills, there is a need now to remove the human link of being carried to and from the trees. A new forested enclosure is need .
3. Endangered Primate RELEASE
3.1. Nycticebus : anaged release of 8 pygmy slow loris from the illegal pet trade. This has allowed Dao Tien to reach the point of a successful flow from rescue release. Work to be presented at Vietnamese Primate Symposium November 2022. elease protocol requires low levels of funding does not need expensive equipment attention to release protocol criteria
Figure 13. Slow loris transport box.
tified issues: Not able to release Bengal slow loris. The genetics data on Bengal slow loris is not yet available to clarify origin for individuals we receive, and thus where they should be released (Vietnam, Cambodia or Thailand). We hope with continued collaboration with Professor Anna Nekaris and Christian Roos this will be achieved 2023.
3.2 Nomascus: Gibbon release has been delayed due to COVID.
Identified issues :
(a) Community Engagement work is in preparation to support the local people living near the release site (b) Investigation into improved ways to receive telemetry signals from released gibbons.
Dao Tien carries out constant research on nutrition, captive behaviour, with onsite capacities increased with post-mortem sample collection to ensure as much data is gathered at all times.
Identified issue : Due to COVID and the inability for research students to visit onsite, Vietnamese International research has been limited. International experts such as our Veterinary support team have also been unable to travel to Vietnam, forcing EAST to find solutions within country. This has triggered greater collaboration within Vietnam with specialists, such as wildlife veterinarians.
5. Captive Breeding .
Dao Tien does not actively seek to breed individuals, and carries out an ongoing program of contraception. Breeding is only permitted in individuals in the final stages of pre-release
6. Construction: ith COVID restrictions and ensuring safety of our primates, no major construction has taken place, just ongoing repairs.
Identified issues: New douc facility urgently needed.
7. Education: On site education awareness tours and community outreach suspended due to COVID.
Identified issues : The education awareness is needed in the buffer zone with local community in preparation for releases. During COVID online English tuition was attempted but failed, due to a strong trusting relationship not yet in place.
Collaboration and sharing of information : Collaboration from Government down to local communities is key, especially between provinces in South Vietnam. A uccessful nline orkshop took place, linking 15 Forestry Protection Departments from the South Vietnam, with a sign-on agreement for closer cooperation with the rescue and transfer of endangered primates.
Capacity Building: Two new primate care staff have started and been trained on gibbon husbandry, enclosure maintenance and repair (Figure 15).
Figure 15. New primate care staff, Mr Phuc.
How achievement of aims will further mission .
In conclusion with increased collection of specialist knowledge and improved co operation between provinces in South Vietnam, the wildlife rescue network within South Vietnam will become strong. From improved ecological knowledge of law enforcement officers, effective inter provincial cooperation in the transfer of confiscated individuals, improved application of specialist captive primate rescue welfare, rehabilitation, resulting finally in the successful managed release. Beyond South Vietnam the data collected will help conservation of these species throughout their geographical range and globally in captive breeding programs.
ENDANGEREDASIAN SPECIES TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENDANGERED ASIAN SPECIES TRUST I report to thè Tmste&s on my examination of the financial slalemenls of Endangered Asian Species Trust Ithe charitable company) for the year ended 28 February 2022, which are sel out on p3g&$ 9 to 18. ResponsibllStles and basis of report As the Trusteès of thè charitable company {and also ils directors lor the purposes DI Company law) you are responsible for the preparation of the financial slalemenls in a¢cordan¢e with the requirements ol the Companies Act 2006 (the 2006 Acti. Having satisfied myself that thè financial statements of the charitable company are not required lo be audited under Part 16 of the 20Ct6 Act and are eligible for independent examination. I report in respect of my examination of the ¢haTilable ¢c)mpany's financial slalemenls caffied out under se¢lion 145 of the Charities Acl 2011 Ilhe 2011 Act). In carrying out my exatninalion I have followed all the applicable Directions given by the Charity Commission under seclion 1451Sllbl of the 2011 Act. Indgpendent examlnerfs statement I have completed Tny examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo belTeve that in any material respect.. 8ccounling records were not kept in rèspect of the charitable company 8$ requir8d by section 386 of the 2Q06 Act,. or the finartcial statements do not a¢¢ord with those records., or the financial slalemenls do not Gomply with the accounting requirements of section 396 uf the 2006 Act other than any requirement that the accounts give a true and fair view which is nol a matter considered 35 part ol an independent examin81ic)n'. or the financial statements have not been piepared in accoroance with the melhods and principles of the Slalement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accoun15 in accixdance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other m?tlers in ¢onneclion with the examination lo which Iiention should be drawn in this report in order lo enable a proper undèrstanding of the financial slalemenls lo be reache Fiander Tovell Limited Slag Goles House 63164 The Avenue Southampton Hampshire S017 1XS 12
ENDANGERED ASIAN SPECIES TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2022 2022 2021 Notes Doiiations and lega¢ie8 Charitable activities Inveslmenls 136,820 9,647 156,643 3,062 14 Total income 146.467 159,719 Chariiable activities 146,164 193,281 Net incomellexpenditutel for the yearl N¢t movement in funds 303 133.5621 Fund balances at 1 March 2021 47,639 81,401 Fund balances at 28 February 2022 48,142 47,839 The statement ol financial activities includes all gains 8nd losses recognised In the year. All incomg and expenditure derive from coiitinuing activities. The siaiemeni of financial activities also complies wth th8 requireinents for an income and expenditure accouiil under IhE Companies Acl 2006.
ENDANGERED ASIAN SPECIES TRUST BALANCE SHEET AS AT 28 FEBRUARY 2022 2022 2021 Notos Fixed assets Intangible assets Tangible assets 178 12,794 317 21,497 10 12,972 21,814 Currenta5sets Stocks Debtors Cash al bank and in hand 11 12 14.224 1.383 23,366 17,980 10.197 6,966 38,973 35,143 Crèditors-. amounts falling due within one year 13 13,8031 19,1181 Nel current assets 35,170 26,025 Total assets les5 current liabilities 48,142 47.839 Income funds Unreslricled funcls 48.142 47,839 48,142 47.839 The charitable company is entitled lo the exemption from the 8udil requirement contained in seclion 477 of the Companies Act 2006, for the year ended 28 February 2022. No member of the company has deposited a notice, pursuant lo section 476, requiring an audit of these financial stalemenls. The Truslees acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparelion of financial slalements. These financial 51atemenls have been prepared in 8ccordance with Ihe provisions applicable lo companies subject to the sma es regime. The ounls wer proved by the Trustees on DrAL Cronin MBE Trustee Company R8glstratlon No. 04929906 14-
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022 Accoun15n9 poIicÈe5 Company information EiTrdangered Asian Species Trust IS 8 charitable company lirnited by guarantee incorporated In England and Wale5. The registered office is Stag Gates House. 63164 Thè Av2iiue, SDUtharnpton, Hampshire, SOI 7 1 XS. 1.1 Accounting convention The financial statèment8 have b&eTI prepared in accordai)ce with FRS102 "The Finaii¢ial Reportiiig Standard applicable in the UK gnd Republic of Ireland l FRS fj021. the Companieg Atl 2006 and "Atcounting Reporting by Charities. Statement of Recommended Practice applicable to charilies preparing their accounls in accordance with the Financial Reporting Standard applicable In the UK and Republic of Iland IFRS 1021 las amended lor accounlii)g peria68 cominencing from 1 jaUary 20161, Tl)e charitable conipany is a Public Benefit Entity 3$ delined by FRS 102. The financial Slalemenls are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nÈar8sI £. The fii)ancial slalemenls have be&n prépared under the historical cost conveniioii. The principal accounting poli¢ies adopted ale sel oul below. The ch3fltable company has taken 8dvaiitage ol the piovisions in the SORP fo¥ charities applying FRS 102 update BU118t1 1 not lo prepare a Statement of Cash Flows. 1.2 Going Concern The charity 15 ieliant upon the coTrlinued support ol ils prlnclple benefactor, Monkey World. Although there is no contractual obligation or commitment furthÈr funds have been advanced 5inGe the year end that are adequate lor the charities cuirenl requirements. There is no indication that funding is likely to be wilhdiawn. Thus the Trustees continue to 8dopl the going concern basis of accounting in preparing the financial statements. 1.3 Charltabl¢ fuilds Unreslrlcled funds are available lor Lise at the discrÈtion of the Trustees in lurtheiallce ol their ch8rilable objectives. Restricted funds are subject to specific conditsons by donors as to how Ihey may be used. 1.4 Income Income is recogn&sed when the ¢haritable company is legally eiililled to it after any Performan conditions have been met, the arnounts can bo m&asured reliably. and it Is probable that income will be received. Cash cjonalions are recognised on receipt. Other donations are recognised on¢e the charitable company has been notified of the donation, unless perforTnaiice Conditions require deferfal of the amounl. Income tax recoverable in relation to donations reIved under Gift Aid or deeds of covenant is recognised at the lime of Ihe donation. Legacies are recognised on receipt oi otl)envise if the charit8ble company has been nolrfied ot an impending distribullon. tre amouiit is known, and receipt is expected. If the amount Is not knowii. the legacy is treated as a contingent Esset. Shop and tourism income is measured at the fair value of the consideration Feceived or receiv8ble and represents amounts receivable for goods and services provided in the normal course of business, r)et of diseounts and other sales r¢l8ied taxes. 15
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Accountlng polieies (Continued) 1.5 Expenditure Exponditure is reGognised when a liability is Incu[d. Al expenditure is accounted lor on an accruals basis 8nd has been classified undeT the heading that augregates all c05ts relaled to the category. Governance costs include those costs incurred in the governan ol the company's assets and are primarily associated wilh the constilulion81 and slalulory requiremenis. Irrecoverable VAT is treated as resources expended in the principal activity that incurred the original VAT. 1.6 Intangible fixed assets other than goodwill Trade Inarks ar8 written off ITr equal instalmenis over their eslimaled useful economic1rfe of 4 yearg. Website costs are written off iii equal inslalmeiits oveT their estimated useful economic life of 8 years. 1.7 Tangible fixed assets T81igible fixed assets are initially mea511red at cost and subsequently measuyed al Cost or valustion, net of depreciation aiid any impairmeni losses. Depre¢ialion is COgNised $0 as to write off the cosl or valualion of assets less their residual values over their useful lives on the following bases.. Land ai)d buildings Pl8nt and m8ehinery 10°/0 Straight line 25•/y Str8ighl line The gain tsr Ioss arising on the disposal ol an asset 1$ determined as tl)e difference between the sale proceeds and the carrying value of Ihe assei. and is recognised li) nei ii)comellexpenditurel for the year. 1.8 Impairment of fixed a58et5 Al each reporiing end date, Ihe ch8rit8ble coinpany review5 the carrying amounts of its tangible and intangible assets to deteriiiine whether there is ai)y indication that those assets h8ve suffered an impairment loss. If any such indication exists, Ihe recoverable amDunt of the asset is estimaled in order lo determiiie tlie extent of the impairment Soss lil any). 1.9 Stocks sioeks ale slated ai the lower ol cost and eslimaled selling price less costs to completè and sell. Cost coinprises dired m31erials and, viliere applicable. direct labour eosts and those oveiheads that have been incuired In bringing the stocks lo their prèsent location Ènd condition. Cost 13 calculated by use gf the FIFO m¢thod. 1.10 Cash and cash equlvalents Cash and cash equivalents Include cash in hand, deposils held al call with banks, other short-term liquid Investments witl) original maturities of three months or lèss, and bank overdrafts. 8ank overdrafts are show within borrowings in current liabilities. 16
ENDANGEREDASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2022 Accounting policies IContinu8dl 1.11 Flnanclal in$truments The charitable con)pany has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Sectioii 12 '01her Financial Instruments Isgués, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable eompai)y's balai)ce sheet when the eharitable company becomes party lo the coniractual provisions of the iiislrumei)l. Financial assets and liabilities a offset, with the net amounts pre8ented in Ihe financi818181ements, when there is a legally enforceable right to set off the ie¢ogniged amounts and ther8 18 an intention lo sellle on a nel basis or to realise the asset ancf sellle the liability simultaneously. Basic financlal assets Bas¢ finanaal assets, which Include Iyebtors and cash and bank balances, ale initially mpasuied al transaction price includino transaction ¢QSls and are subsequenlly carrd al arnortised cost using the effective intere51 method unless the arrangement conslitule5 3 financing Ir8ns8ction. where the transaction 15 nieasured at the presenl value of the future receipts discounted al a market rate of interest. Financial 8ssels Classified as receivable wilhiii one year are not amortised. Basic financial liabilities Basic financial liabilities: including creditors and bank loans a Initially recognlsed at tran$8¢tioii price unless the airangemenl constituteg a financing transeclion, where the debt inslrument is measured at the present value of the future payments discounted 813 m8rkel rale of interest. Financial liabilities classified as payable within one year are not amoitised. Debt instruments ale subsequenlly carried at ainortised cost, using the effective inte¥esl rate method. Trade creditors are obligations to for goods or services thal have been acquired in the ordiiiary Course Df operalioi)s from suppliers. Amounts payable are Classified 95 current Iiabililies if paymenl 15 due within oiie year or less. If not, they 8re presented non-currenl liabilities. Trade Cfedilor8 are recggnised initially at trar)8action price and subsequently measured at amortiserj cost usii)g the effective inleresl melhod. Derecognition of financlal liabilities Fin8nci81 liabilities are derecogni8ed when the charitable compai)y'-s coi)traclual oblioations expire or are discl)aiged or cancelled. 1.12 Employee benelils The cost of any unused holSday erTrtillement is recognised iii Ihe period in which the employee's sefvices are received. Termination benefits ale recognised immediately as an expense when the chariiable company is demonstrably commitlecl to 18rminale the employment of an employee or to provlde termination benefits. 1.13 Retlr8m8nt beneflts Th8 charity operates a defined contribution pension scheme. Paymeiits lo defined contribution reliiement benefit schemes are charged as an expense a$ they fall due. 1.14 Fowelgn exchange Transactions in currencies other than pounds sterling are recorded al the rates of exchange prevailing al the clales of the Iran8a¢tion8. Al each reporting end date, monetary assets and liabilities that are denominated in foreign currencies arè retr8nsl8ted al the rates Prevailing on the rèpoitino end date. Gains and losses arisin9 on Ir8nslation are included In net Iiicornellexpeiiditure for the pèriod). 17
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2022 Donations and legacies 2022 202 Donations Legaaes receivable Adoption5 122.699 13,644 477 155,491 1,152 138,820 156.643 Donations and legacies In the current and prior year are all unrestricted. Char&tabl8 activities Shop income Total 2020 Sales within charitable activities 9,647 3.062 Income from charitabl¢ aGtivites in the current and prlor year are all unreslricled. Investments 2022 2021 Interest ieGeivable 14 Investment incorne in Ihe [rent and prior year are all unrestricted.
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 CharltablÈ attivities Charitable expenditure 2022 Governance costs 2022 Total 2022 Total 2021 Staff costs Depreciabon and Impairment TrÈvel & subsistence Clothing 8 uiiifoim Rent Postage & statioi)Èry Telephone Insurance Charity shop Light & heat Cleaning Equipment expènses Repairs Anitnal costs Aniin31 food Carriage Educational costs Exchange & fin8noe cliarges 68,635 8.915 10,604 3,250 5.999 194 1,817 524 3,758 3.574 684 2,124 5,059 4,103 6,677 229 13.450 4.388 88,63S 8,915 10,604 3,25D 5,999 194 1.817 524 3,758 3,574 81.221 10,155 17,053 2,161 10,935 2,D56 524 811 3,793 583 2,745 4,3S7 3,348 7,B89 2,124 5,059 4,103 6,677 229 13.450 4.368 38.089 4,331 143,964 143.964 190.927 Goveingiice costs Ii)Dle 71 2,200 2.200 2.354 143,964 2,200 146,164 193,281 GovernaneÈ costs 2022 2021 Independent Examination of anniial accounis 2,200 2.354 TrLtstees None of the Trustees lor any persons coniiected wllh then)) received any remuneratson or benefits from the charitable company during the current or prior year. There weFe no expenses reimbursed to Trustees In either year. 19
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Employee5 Number of employees The average monthly number of einployees dufin9 the year was.. 2022 Number 202 Number Management Local Vietnamese staff Employment costs 2022 2021 Vvages anrl salaries Social Security costs Other pemsion costs 64,656 3,588 393 76.4£6 4,342 393 68,635 81.221 There were no employees whose annual remuneration was £60,000 or mofe. Intangible fixed a$s¢ts Trademarks WebsSte Total C05t At 1 March 2021 Addilions 4.113 847 73 4,960 73 At 28 February 2022 4,113 920 5,033 Amortlsation and impairment At l March 2021 Amortisation charged for the year 4.113 530 212 4,643 212 At 28 February 2022 4.113 742 4.855 Carrying amount At 28 February 2022 178 178 At 28 February 2021 317 317 20-
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2022 10 Tangible fiKed assets Land and Plant and bulldings machlnery Total Cost At 1 March 2021 225.423 62,227 287.650 At 28 Febiu8ry 2022 225.423 62,227 287.850 Depreciation and Impalrment Al 1 March 2021 Depreciation charged in the year 215,232 2,510 50,921 6,193 266.153 8.703 At 28 F¢bru8ry 2022 217,742 57,114 274.856 Carrying amount Al 28 February 2022 7,681 5,113 12.794 Al 28 Febrtsary 2021 10.191 11,306 21.497 11 Stocks 2022 2021 Flnished goods and goods for 188ale 14.224 17,980 Duriiig the year £3,75812021". £8111 of stock w35 recognised as an expense. 12 Debtors 2022 2021 Amounts falling due within one year: Other debtors Prepayments and accrued incorne 1,113 270 4,282 5,935 1,383 10,197 13 Creditor5.' amounts falling due v4ithin one year 2022 2021 Other taxalion and social security Tr8de creditors Othei. creditors Aecruals 8nd deferred income 675 1,061 18 4,606 3.433 628 2,500 3,803 9,118 21
ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 14 RÈtirèmént beneftt schemes Defined contribution 5cheme5 Thè charitable company operates a defined contribution pension scheme lor all qualifying employees. The assets of the scheme are held separately from those ol the charitable company in an iiidependenlly administered fund. The charge lo the 518tement of financial activili&s in respect of defined contribution schemes was £39312021". £3931 15 Related party transaction5 Transa¢tions with related parties Duriiig the year the charitable company entered into the following Irai)sactions with related parties-. One ol the truslees, Dr Alison Cionin MBE, 15 also the director and shareholder Df Monkey WoTld Limiied. A charitable donation of £110.00012021'. £130.0001 was received during tl)e year from Monkey Worlcl Limited. Al thè balance sheet date. Iliere 8re amounts due to conneclÈd companies of £628 12021. £4,606) due to Monkey World Limited. This Is interegl free and rèpayable on demand, Dr Alison Cronin MBE is algo a dirècior and shareholdèr of Ape Concessions Limited. At the balance sheet date £l.11312021.' £2. 1631 is due from connected tompanies. This is interest free and repayable on demand. ~22-