2023-02-28-accounts - Endangered Asian Species Trust

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Charlty regostratlon number 1115350 Company reglstratlon number 04929906 IEngland and Wales) ENDANGERED ASIAN SPECIES TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

ENDANGERED ASIAN SPECIES TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust•ès Mi B Glaziei Professor Dr J Pei DrA L Cronin MBE Charity number 1115350 Company number 04929906 Principal address Longthoms Wareha Dorset BH20 6HH R•gistèr•d offic• stag Gates House 634 The Avenue Southampton Hatnpshire S017 1XS Independent examiner Fiander Tovell Limited Stag Gates House 63164 The Avenue Southarnpton Hampshi S017 1XS

ENDANGERED ASIAN SPECIES TRUST CONTENTS Page Trustees, report Independent ex8minerfs report statement of financial activities 16 Balance sheet Notes to the financial statements 18-25

ENDANGERED ASIAN SPECIES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2023 The Trustees present their annual report and finanaal statements for the year ended 28 February 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities." Statement of Recornmended Practice applicable to ch8rities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Oblectlves and actlvltles The charitable cotnpany's objectives as stated in its Memorandutll ofAssociation are.. To promote the conservation of endangered Asian species,. and To advance the education about, and research into endangered Asian species. The Trustees h8ve paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. The Endangered Asian Speaes Trust piovides a range of services in Vietnam to rescue, rehabilitate and release primates back into the wild. Endangered Asian Speaes Trust also carries out wildlife surveys and generalty educates the public and raises awareness both in Vietnam and internationally. Achievement8 and performance See pages 3- 14. Flnanclal revlew The statement of financial activities is set out on page 10 and shows the results of the activities carried out during the period. Incorne during the period was £128,672 12022.. £146.4671. All income was unrestricted. The total expenditure during the peiiod was £145.029 12022.. £146.1641. This resutted in a net unrestricted deficit of £16.357 12022.. £303 sutplu51. Th8 r858rv85 of th8 charity at 28 February 2023 w818 £31,78512022.. £48,142). It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen three and six months, expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in fijnding. they will be able to continue the charrtable wmpany's current a1VitieS while nsideratIon 18 given to way8 in whith addition81 fvnds rnay be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major risks to which the charrtable company is exposed, and are satisfied that systems are in plaTr to mrtigate exposure to the major risks. Structure, governance and management The Endangered Asian Species Trust IEASTI was incorporated as a Company Limited by Guarantee on 13 October 2003, as amended by special resolution on 28 June 2006. It has no share capital and is a registered charity, the guarantee of each member being limited to £1. The goveming document is the Memorandum and Articles ofAsso¢iation of the company dated 28 June 2006 and the members of the Board of Trustees are the Directois of the company, for the purpose of cornpany law. The iules regarding the numbei of directors and their appointment, ieappointment and removal are contained in the Artides ofAssouation to which reference should be made.

ENDANGERED ASIAN SPECIES TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 The Trustees, who are also the directors for the purpose of company law, and who setwed during the year and up to the date of signature ol the financial statements were.. Mr B Glazier Professor Di J Pei Dr A L Cronin MBE Trustees 8re appointed by the existing trustees lo fill a vacancy as required and in accordance wlh the Articles of Association. Trustee training is offered as required in order for Iruslees to carry out their duties. The Trustees. report was approved by the Board of Trustees. DrA L Cronin MBE Trustee Dated..

Endangered Asian Species Trust Trustees Report

February 2022 to February 2023

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 three douc langur ( Pygathrix nigripes) , two silvered langur and 10 pygmy slow loris ( Xanthonycticebus pygmaeus ) from the illegal wildlife trade.

1.1 Pygathrix : Of the two black-shanked douc infants rescued, only one survived (figure 1 & 2). Black-shanked douc are hunted for meat and traditional medicine in Vietnam, with infants opportunistically entering the illegal pet trade. Sadly with such specialist guts being fed the wrong diet, such as sugared milk; few infants survive if not transferred rapidly before the gut is damaged.

Figure 1. Orphan black-shanked douc.

Figure 2.Phoung, head of critical care with Quy

(a). Dao Tien had identified the need for specialist infant douc facilities, taking into consideration specialist needs. This was delayed in 2021/22 due to COVID and immigration legislation changes this is now planned October 2023 (figure 3).

(b). After the workshop last year the rapid transfer of douc has still been poor, and douc are still being sent to the nearest centre instead of a specialist centre, with fatal results. A follow up workshop is planned November 2023 with a tour of the new facilities on Dao Tien. In addition specialist posters for douc ecology and critical care will be handed out to all provinces in the South of Vietnam

(c). Issue of law enforcement with ethnic minority groups has become apparent, the authorities appear weak in enforcing the law with these groups. We are hoping that the workshop in Nov will start to address this and improve protocols.

Figure 3. Specialist infant douc and langur facility

1.2 Xanthonycticebus & Nycticebus: Pygmy and Slow loris rescue has been continuous since 2008 (figure 4). Thirty five percent have arrived malnourished with minor injuries (figure 5). Specialist emergency care and rehabilitation on arrival has now been established for this species and is being published.

----- Start of picture text -----
Confiscated pygmy loris ( Xanthonycticebus
pygmeus ) recieved by the Dao Tien
Endnagered Primate Species centre from July
2008 to July 2023 (n=142)
35
30
25
20
15
10
5
0
Year
Individuals Rescued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013
----- End of picture text -----

Figure 4. Annual number of confiscated pygmy loris.

Figure 5. Rescued pygmy loris, underweight

Identified issues:

(a). A major area of concern is the number of pygmy loris rescues from plantation forest. This is now a natural habitat of pygmy loris that is shared with humans. Greater awareness is needed on living alongside pygmy loris, and that they do not need to be removed from this landscape.

(d). More specialised information on captive care is needed for Bengal slow loris ( Nycticebus bengalensis ) and genetics clarification.

1.3 Trachypithecus: Two silvered male langurs were rescued from Danang City. A sick infant and an adolescent (figure 6). Both responded well to the transition to a leaf diet and passed health checks. Both were genetically confirmed as T.germaini , naturally found in the Mekong delta in Vietnam (not CTNP).

Figure 6. Infant silvered langur kept as a pet in Danang

Identified issues:

(a). Genetic confirmation of juveniles. Could not be done on morphology alone.

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 rescued 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. Firstly

Figure 7: Gibbon cage maintenance

Additionally forested enclosures require constant maintenance to cut back bamboo and trees to ensure the fence line is safe for the primates (figure 9).

Figure 8: Behavioural enrichment Figure 9: Gibbon fence line maintenance of forested enclosures.

Identified issues :

(a). Gibbons being apes humanise easily, and develop stereotypic behaviours from living in small cages, as opposed to 40 ha of home range in the forest. The continual renewal of cage infrastructure and daily enrichment is vital to maintain physical and mental ability of rehabilitating gibbons.

(b).Some gibbons are not fit for release due to disease or are too dangerous. Exit strategies to government approved centre in Vietnam with high welfare, have been found for 4 nonreleasable gibbons. Planned transfer 2023.

(c). Dao Tien is still overcapacity for gibbons and cannot rescue at this time.

2.2 Xanthonycticebus & Nycticebus : continued rehabilitation and preparation for release. With established rescue and rehabilitation protocols, the rehabilitation process takes on average only 4 weeks for pygmy loris.

Identified issues :

(a). Although Dao Tien does not try to breed rescued primates; some breeding does occur while primates wait for release. On DTEPSC we had two Bengal slow loris births ( Nycticebus bengalensis ). A slow loris species that is data deficient and struggles to breed in captivity (figure 10). With origin established as not Vietnamese, no releases are planned.

Figure 10. Bengal slow loris ( Nycticebus bengalensis ) pair and captive born infant.

2.3 Pygathrix: Work has been done on health screening specific to douc (figure 11) and extra nutrition needed for transition from juvenile to adolescent animals. This stage also includes the separation from the hand rearing team and semi-independent living in a forested enclosure pre-release (figure 12). As douc are able to leap long distances to keep them in forested enclosures has been challenging. They are willing to go to the ground to go under the fences in addition to making fearless leaps from trees onto open ground. To develop a way to keep them in a forested enclosure trees were cut but also the baseline of a gibbon enclosure was strengthened to stop the douc coming to the ground. Sheet metal was dug into the fence line, providing an impenetrable barrier for the douc (figure 13 & 14)

Figure 11. Douc health check.

Figure 12. Hand reared douc living in forested enclosure

Figure 13: new douc fence line. Figure 14. Dao Tien team who fitted the metal sheet on to the fence

Identified issues :

(a). The rehabilitation of douc (especially black-shanked) is challenging. The rehabilitation and release of hand-reared douc has not been attempted before. But based on our assessment of our douc so far we believe it is possible.

(b) Appropriate medicine is difficult to find in country. Douc being sensitive only respond well to certain medicines, these are hard to find in Vietnam.

2.4 Trachypithecus : Silvered langurs require 50% leaf, thus wild leaf are collected from the forest daily. This has improved the condition of both silvered langurs, both passing their health checks (figure 15).

Figure 15. Juvenile silvered langur with leaf breakfast

Identified issues :

(a). Collecting sufficient leaf for langurs is challenging. Luckily collection is possible in the main forest of Cat Tien.

(b). Silvered langur releases have not yet been attempted in Vietnam.

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3. Endangered Primate RELEASE

3.1. Xanthonycticebus & Nycticebus : Managed release of 10 pygmy slow loris from the illegal pet trade. This has allowed Dao Tien to reach the point of a successful flow from rescue and release.

Identified issues :

(a). Reintroduction protocols are not being followed for pygmy loris in country by other centres. Facebook shows how many centres simply release rescued pygmy loris quickly back into the forest. We hope the publication of our paper will help address this matter in Vietnam. In addition to onsite training courses on Dao Tien for Vietnamese Nationals from other centres.

(b). Pygmy loris now belong now to a new genus (Xanthonycticebus), with a northern and southern species in Vietnam. Greater care needs to be taken now to ensure the species prerelease. Hair samples are gathered now for every pygmy loris to establish origin species and also indicate possible changes in the pattern of the illegal trade. Previously all pygmy loris rescued by Dao Tien have been the southern species.

(c).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 2024.

3.2 Nomascus gabriellae : Dao Tien is on track for gabriellae releases third quarter of 2024.

Identified issues :

(a) Community

Engagement work near the release site ongoing. Working with local ethnic minority families and English tuition for children (figure 16).

(b) Testing of new cable that will link the antennae raised to 15 m height, connected to the receiver on the ground. If successful this will allow successful telemetry post-release tracking in the flat release site.

Figure 16. English tuition with Cha ma children

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3.3 Pygathrix: Black-shanked douc releases are planned 2023/24 in CTNP, based on mapping using thermal images of existing douc in a low density area.

Identified issues :

(a). Single male douc releases have never been done before. Single males or bands of males are life strategies for wild douc. Can we release a single male douc to survive this system?

(b). Based on results of single male will influence the release of hand reared male and female douc.

3.4 Trachypithecus: at this stage no release schedule has been outlined. The results from douc male releases will influence planning.

Identified issues :

(a). Identifying protected forest for release

(b). Greater understanding of male silvered langur releases and post-release survival.

4. Endangered Primate RESEARCH

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 or 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. Our first International students are due to return March 2023.

5. Captive Breeding .

Dao Tien does not actively seek to breed individuals, and carries out an ongoing program of contraception with the small apes. Breeding is only permitted in individuals in the final stages of prerelease or Bengal slow loris.

6. Construction: with COVID restrictions and ensuring safety of our primates, no major construction has taken place, just ongoing repairs.

Identified issues: New douc facility plans ready for building.

7. Education: On site education awareness tours and community outreach suspended due to COVID will re-start April 2023. EAST has created bilingual multiplication sheets with primate ecological knowledge on for local children and Dao Tien calendars for families in the local buffer zone of Cat Tien.

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Identified issues :

(a). Managing educational tours with primate welfare. To manage this when tours re-start they will just be in the morning. Allowing staff in the afternoon to gather extra leaf for langurs.

8. Collaboration and sharing of information : Collaboration from Government down to local communities is key, especially between provinces in South Vietnam.

EAST staff have attended the 8[th] Asian Primate Symposium presenting posters on pygmy loris and douc management (figure 17) and a presentation on pygmy loris rehabilitation (figure 18).

Figure 19. Nguyen Thi Phoung presenting. Figure 18. Dr Marina Kenyon presenting

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Dao Tien were invited to provide expert advice to the Vietnam primate specialist group meeting in Hanoi and the present gibbon, douc and pygmy loris data at the Vietnam Zoo Association Meeting in Phu Quoc.

9. Capacity Building: Nguyen Thi Phoung was supported to write up her data from managing critical care of douc and pygmy loris on Dao Tien.

Identified issues :

(a) Until permanent onsite International managers reinstated onsite, capacity building has been limited.

How achievement of aims will further mission .

(a) In conclusion with increased collection of specialist knowledge and improved cooperation between provinces in South Vietnam, the wildlife rescue network within South Vietnam will become strong.

(b) From detailed post-release monitoring p anned for gibbon and douc releases, this will provide valuable data to support successful reintroduction and long-term conservation of these Critically Endangered Species.

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ENDANGERED ASIAN SPECIES TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENDANGERED ASIAN SPECIES TRUST I report to the Trustees on my examination of the financial statements of Endangered Asian Species Trust (the charitable company) for the year ended 28 February 2023, which are set out on pages 9 to 18. Responsibilities and basis of report As the Trustees of the charitable company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordan with the requirernenls of the Companies Act 2006 Ithe 2006 Act). Having sat15fied myself that th8 financial stat8tnents of th8 charitab18 Cotnpany 8re not required to b8 audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exatnination of the charitable company's financial statements carried out under section 145 of the Charities Act 2011 Ithe 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have cornpleted my examination. I confirm that no matters have come to rny attention in connection with the exarnination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act., or the financial statements do not accord with those records", or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the 8ccounts giv& a true and fair view which is not a matter considered as part of an independent exatnination", or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recomrnended Practice for acwunting and reporting by charities applicable lo charities preparing their accounts in accoidance with the Finanaal Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021. I have no concerns and have come across no other rnatters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Fiandèr Tov•ll Limitèd Stag Gates House 63164 The Avenue Southarnpton Hampshi S017 1XS Dated.. 15

ENDANGERED ASIAN SPECIES TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2023 2023 2022 Notes Donations and legacies Charitable activities 101,623 27,049 136,820 9,647 Total income 128.672 146.467 en ure on: Charitable activities 145,029 146,164 Net lexpenditurellincome for the yearl Net movement in funds 116.3571 303 Fund balances at 1 March 2022 48,142 47,839 Fund balances at 28 February 2023 31,785 48,142 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derwe from continuing activities. The Statement of financial activtyes 8150 cornplies with the requiTement5 for an inoome and expenditure ao¢ount under the Companies Act 2006. 16

ENDANGERED ASIAN SPECIES TRUST BALANCE SHEET AS AT 28 FEBRUARY 2023 2023 2022 Not85 Fixad assèts Intangible assets Tangible assets 178 12,794 5,827 5,827 12,972 Current assets Stocks Debtors Cash at bank and in hand 10 11 23,972 94 14,983 14,224 1,383 23,366 39,049 38,973 Credotors: amounts falllng due wlthln one year 12 113,0911 13,8031 Net current assets 25.958 35.170 Total assets le88 curr8nt liabilities 31,785 48,142 Income funds Unrestricted funds 31,785 48,142 31,785 48,142 The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2023. No mernber of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements. The TtU5tees acknowledge their r85ponsibility for cotnplying with th8 18quirements of the Cornp8ni85 Act 2006 with respect to accounting records and the preparats.on of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The 8c¢ounls were approved by the Trustees on ......................... DrA L Cronin MBE Trustee Company Reglstratlon No. 04929906 17

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 Accountlng pollcles Company Infonnatlon Endangered Asian Species Trust is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Stag Gates House, 63164 The Avenue, Southampton, Hampshire, S017 1XS. 1.1 Accounting convention The financial statements have been prepad in accordan wth FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 1021, the Companies Act 2006 and "Accounting a)d Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accord8nTr with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" las amended foi accounting periods cornmenoing from 1 January 20161. The charitable wmp8ny is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial staternenls are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prinripal accounting policies 8dopted ale set out below. The charitable company has taken advantage of the provisions in the SORP for charib.es applying FRS 102 update Bulletin 1 not to prepare a Statement of Cash Flows. 1.2 Golng concern The charity Is lIant upon the continued support of its principle benefactor, Monkey World. Athough there is no contractual obligation or commitment further funds have been advanced Sin the year end that are adequate for the charities current requirements. There is no indication that funding is likely to be withdrawn. Thus the Trustees continue to adopt the going conTrm basis of accounting in preparing the financial St8tement5. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtheran of their charitable objectives. Restricted funds ale subject to speufic conditions by dontsrs as to how they may be used. 1.4 Incomè Incorne is recognised when the charitable company is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliabty. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Incorne tax recoverable in relation to donations recewed under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charitable company has been notffied of an impending distribution. the amount Is known. and receipt Is expected. If the amount IS not known. the legacy is tie8ted as 8 contingent 8S5et. Shop and tourism incorne is measured at the fair value of the consideration received or receivable and iepre5ents arnounts reIVable for goods and setvices provided in the noirnal course of business, net of discounts and other sales related taxes. 18

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Accounting policies Icontinuedl 1.5 Expenditurè Expenditure is recognised when a liability is incurred. All expenditure is accounted for on an accruals basis and has been ¢18ssified under the heading that aggregates all costs rel8led lo the category. Governance costs include those costs incurred In the governance of the company's assets and are primari assoaated with the constitutional and statutory requirements. Irrecoverable VAT is treated as reSoUrS expended in the principal activity that incurred the original VAT. Expenditure is recognised when a liability is incurred. All expenditure is accounted for on an accruals basis and has been classified under the heading that aggregates all costs related to the category. Governan costs include those costs incuried in the governance of the company's assets and arè primari associated with the constitutional and statutory requirements. Irrecoverable VAT is treated as reSoUrS expended in the principal activity that incurred the original VAT. 1.6 Intanglble fixed assets other than goodwlll Trade marks are written off in equal instalments overtheir eslirnated useful economic life of 4 years. Website costs are written off in equal instalments over their estimated useful economic life of 8 years. 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Plant and tnachinery 1 OQ/o Straight line 25Q/o 5tiaight line The gain or Ios8 arising on the disposal of an asset is deterrnined as the differen befv4een the sale proceeds and the carrying value of the asset. and is rewgnised in the statement of financi81 activities. 1.8 Impairnient of fixed assets At each reporting end date, the charitable company reviews the carrying amounts of its tangible and intangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to deterrnine the extent of the impairment loss lif any). 1.9 Stocks Stocks are stated at the lower of cost and estimated selling price less Costs to complete and sell. Cost comprises direct materials and, where applicable, d1ct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Cost is calculated by use of the FIFO method. 1.10 Cash and cash •quival•nts Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in curient liabilitie5. 19

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Accounting policies Icontinuedl 1.11 Financial instruments The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12'01her Financi81 Inslrurnents Issues, of FRS 102 to all of ts financial insttumenls. Finanaal instruments are recognised in the charitable company's balan sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable light to set off the recognised amounts and there is an intention to settle on a net b851S 01 to reali5e the 855et and settle the liability SIMUaneOUSly. Basic financial assets Basic financial assets. which includ& debtors and cash and bank balanc&s, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective Inte$t method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not amortised. 8asi¢ finan¢ial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangernenl constitutes a financing transaction, where the debt instrurnenl is measured at the present Value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not 8mortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Arnounts payable are classified as current liabilities if payment is due within one ye81 or less. If not. they are presented 85 non-currenl liabilities. Trade oiedilois are recognised initially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of financlal Ilabllltles Financi81 liabilities ale derecognised when the ¢haril8ble Company's wntradual obligations expire or 8re di5chaiged 01 cancell8d. 1.12 Employee beneflts The cost of any unused holid8y entitlernent is rewgnised in the peiiod in which the etnployee's services are ieceived. Temination benefits are recognised immediately as an expense when the charitable company is dernonstrabty committed to terminate the employment of an employee or to provide termination benefits. 1.13 Retirement benefits The charity operates a defined contribution pension scheme. Payments to defined contribution ret1ment benefit schemes are charged as an expense as they fall due. 1.14 Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date. monetary assets and liabilities that are denorninated in foreign currencies are retranslated 8t the rates prevailing on the reporting end date. Gains and losses arising on t18nslation ale included in net incomellexpenditure for the period). -20-

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Donatlons and legacles 2023 2022 Donations Legacies receivable Adoptions 101,460 122,699 13,644 477 163 101.623 136.820 Donations and legacies in the current and prior year are all unrestricted. Charitable activitie5 Research volunteer Shop Total Total income 2023 2022 Sales within charitable activthes 3,909 23,140 27,049 9,647 Income from charitable activites in the current and prior year are all unrestricted. 21

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Charltable actlvltles Charltable expenditure 2023 Governance osts 2023 Total 2023 Totsl 2022 Staff costs Depreciation and impairrnent Travel & subsistence Clothing & unifoirn Rent Advertising Postage & stationery Telephone Insuran Charity shop Training courses Light & heat Cleaning Equiprnent expenses Repairs Animal costs Animal food Carriage Educational costs Exchange & finance charges Legal fees 66,525 7,072 20,233 248 66,525 7.072 20,233 248 68,635 8.915 10,604 3,250 5,999 1,590 96 1,869 587 11,637 170 3,908 233 2,685 4,923 3,748 7,952 530 5,084 2,211 578 1,590 1,869 587 11,637 170 3,908 233 2,685 4,923 3,748 7,952 530 5,084 2,211 578 1,817 524 3,758 3,574 684 2,124 5,059 4,103 6,677 229 13,450 4,368 141,879 141,879 143,964 Govemance costs Inote 51 3,150 3,150 2,200 141,879 3,150 145,029 146,164 Governance costs 2023 2022 Independent Exarnination of annual accounts 3.150 2,200 Trustees None of the Trustees lor any persons connected with them) recewed any remuneration or benefits from the charitable company during the current or piior year. There were no expenses reimbursed to Trustees in either year. -22-

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Employees Number of employees The average monthly number of employees during the year was". 2023 Number 2022 Number Management Local Vietnamese staff Employmant costs 2023 2022 dges and salaries Social security costs Other pension costs 63,356 2.800 369 64,656 3,586 393 66,525 68,635 There were no employees whose annual remuneration was £60,000 or more. Intangible fixed assets Tradamarks W•bsit• Total Cost At 1 March 2022 Disposals 4,113 920 1731 5,033 1731 At 28 Febru8ry 2023 4,113 847 4,960 Amortisation and impairmènt At 1 March 2022 Amortisation charged for the year 4,113 742 105 4,855 105 At 28 February 2023 4,113 847 4,960 Carrying amount At 28 February 2023 At 28 February 2022 178 178 -23-

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Tanglble flxed assets Land and Plant and buildings machinery Total Cost Al 1 March 2022 Disposals 225.423 62,227 13,7721 287.650 13,7721 At 28 February 2023 225,423 58,455 283,878 Depreclatlon and Impalmient At 1 March 2022 Depreciation charged in the year Eliminated in respect of disposals 217,742 2.485 57,114 4,482 13,7721 274,856 6.967 13,7721 At 28 February 2023 220,227 57,824 278,051 Carrying amount At 28 February 2023 5,196 631 5,827 At 28 February 2022 7,681 5,113 12,794 10 Stocks 2023 2022 Finished goods and goods for resale 23.972 14.224 During the year £11.63712022.. £3.7581 of stock was recognised as an expense. 11 Debtors 2023 2022 Amounts falling due within one year: other debtors Prepayments and accrued income 94 270 1,383 -24-

ENDANGERED ASIAN SPECIES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 12 Credltors: amounts falllng due wlthln one year 2023 2022 Other taxation and social securty Trade creditors other creditors Accruals and deferred income 675 926 8,873 2,650 628 2,500 13.091 3.803 13 Retirement benefit schemes Defined contribution schemes The charitable company operates a defined contribution pension scheme for all qualifying ernployees. The assets of the scheme are held separately from those of the charitable company in an independentty adrllinistered fund. The charge to the statement of financial actNities in respect of defined contribution schemes was £36912022". £3931. 14 Related party tran8a¢tlgn¥ Transactions with rèlatsd partiès During the year the charitable company entered into the following transactions with related partie5'. One of the trustees, Or Alison Cronin MBE, is also the director and shareholder of Monkey World Lirnited. A charitable donation of £95,00012022.' £110,000) was received during the year from Monkey World Limited. DrAlison Cronin MBE is also a directoi and shareholder of Ape Concessions Limited. At the balance sheet date, there are amounts due to connected companies of £8,87312022'. £8281. Tlis is interest free and repayable on demand. -25-