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|---|---|---|---|---|
|Legal and administrative||information|||
|Report ofthe trustees||||2 —13|
|Report ofthe independent||auditors||14 —17|
|Statement offinancial|activities|||18|
|income and expenditure||account||19|
|Statement ofcomprehensive
income||||19|
|Balance sheet||||20|
|Cash flow statement||||21|
|Notes to the financial|statements|||22 —31|
|Detailed income and|expenditure||account|32-33|
|Registered|company|number:|06035040||||
|---|---|---|---|---|---|---|
|Registered|charity numberi||1118277||||
|Trustees:|||P G Bennett M.A.(Hons)(Cantab)|||Dip.Ed.(NZ)|
||||—Chairman||||
||||PCassar BSc(Hons)||BDS||
||||LMilella
BVCc|DipEVDC MRCVS|||
||||A irons (Resigned|5th February 2020)|||
||||A Bruce (Appointed||25th February|2020)|
|Chief Executive Officer:|||A Knight OBEBSc(Hons)||||
|Chief Financial|||||||
|Operating|ONcer:||G Bruce||||
|Registered|ONce:||Lime House||||
||||Regency Close||||
||||Uckfield||||
||||East Sussex||||
||||TN22 1DS||||
|Statutory Auditors:|||Clark Brownscombe||Limited||
||||Chartered
Accountants & Statutory|||Auditors|
||||2 St Andrews
Place||||
||||Lewes||||
||||East Sussex||||
||||BN7 1UP||||
|Principal bankers:|||The Co-operative|Bank pic.|||
||||242 High Street||||
||||Exeter||||
||||EX43QB||||
|Solicitors:|||Bennett, Griffin LLP||||
||||Shelley House||||
||||23 Warwick Street||||
||||Worthing||||
||||West Sussex||||
||||BN11 3DG||||
|Investment|Advisors:||Rathbone
Greenbank||Investments||
||||10Queen Square||||
||||Bristol||||
||||BSI 4NT||||
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|Financial|im actofrisk|fI.Om|
|---|---|---|
|Workin|ca ital|fI.gm|
|Rin -fenced reserves||63.0m|
|Minimum|level||
|Ran e||f0.5m|
|Maximum|level||
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|||||Uarestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total||
||||Notes|2020f|2020|2020
f|2019|
|INCOME||||||||
|Donations
and legacies||||||||
|- Donations
and grants||||2473446|301,076|2,674,422|6,947,611|
|- Legacies||||1,131,453||1,131,453|903,692|
|Investments||||||||
|-Interest||||||||
|-Cash deposits||||410||410|1,989|
|-UK Fixed Interest||Securities||15,423||15,423|21,029|
|- Overseas Fixed|Interest Securities|||5,979||5,979|2,956|
|- Dividends||||||||
|- UK equities||||38,420||38,420|59,035|
|- Overseas equities
Other trading activities||||10,688
~20781||10,68S
~20781|7,611
28 096|
|Total iacome||||3~596 00|3~01076|~397576|7972019|
|EXPENDITURE||||||||
|Charitable
activities||||3,062815|301,076|3463/91|7,395,036|
|Raising funds||||||||
|- Fundraising
costs
-Investment
managers||fees||449,627
~16687||449,627
~16687|417,595
16546|
|Total expeaditure||||3~52$629|3~01076|3~29705|7S29 177|
|||||67,871||67471|142,842|
|Gains on investment|assets|||~458 105||458 805|7DI 808|
|Net income||||525,976||525,976|844,650|
|Other recognised
(losses)/gains||||||||
|(Losses) on foreign exchange||||(649)||(649)|(1,216)|
|Gains/(losses)
on forward exchange||||||||
|contracts||||~44 840||~44
40|~105 549|
|Net movement
in funds||||570,167||570,167|737,$85|
|Reeoaciliatiou offunds||||||||
|Fund balances st 1st|January 2020|||~5157 17|~15S89|5~173706|4 435 821|
|Fund balaaces at 31st||December 2020||||||
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|||Notes|2020|2019|
|---|---|---|---|---|
|||||f.|
|TURNOVER|||3W6,656|7,879,399|
|Campaign
costs, fundraising,|administration||||
|and general expenses|||~3829705|7829 177|
|OPERATING SURPLUS|||(3,049)|50,222|
|(Losses)/gains
on sale ofinvestments|||(94,185)|86,338|
|(Losses) on foreign exchange|||(649)|(1,216)|
|Interest receivable
and income|from investments||~70920|92620|
|(DEFICIT)/SURPLUS FOR|THE FINANCIAL|||279 4|
|YEAR|||||
|||STATEMKNT OFCOMPRKHENSIVE|INCOME||
|---|---|---|---|---|
||||2020
8|2019f|
|(Deficit)/surplus||for the year|(26,963)|227,964|
|Unrealised|gains|on revaluation
ofinvestments|5520291|615,470|
|Gain/(loss)|on forward exchange contracts||4~4839|105549|
|Total recognised||gains for the year|||
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||Notes||2020|2019f|
|---|---|---|---|---|
|FIXEDASSETS|||||
|Tangible assets
investments|||169,455
~5034
4|181,565
4 132482|
|CURRENT ASSETS|||5403,689|4,314,047|
|Stack
Debtois
Cash at bank and in hand|9|8,145
88,489
~511188||7,986
172,422
789603|
|||607822||970,011|
|CURRENT LIABILITIES|||||
|Creditors: Amounts
falling due within one year|10|~67638||110352|
|NET CURRENT ASSETS|||~540 184|859 659|
|TOTAL ASSETS|||||
|LESSCURRENT LIABILITIES|||||
|THE FUNDS OFTHE CHARITY|||||
|Restricted funds|14||~15889|15889|
|Unrestricted
funds
Revaluation
reserve|||4,473,587
~15~4397|4,414,331
743486|
|Total unrestricted
funds|15||~5727 984|5 157817|
|TOTAL CHARITY FUNDS|||||
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|||Note|f|2020||2019|
|---|---|---|---|---|---|---|
|Net cash from operating|activities|19|||97+24|51,803|
|Cash liow from investing|activities||||||
|Purchase oftangible assets
Purchase offixed asset investments|||(2,863)
(798,087)|||(2,656)
(725,934)|
|Proceeds from disposal|||||||
|offixed asset investments|||354r440|||922,711|
|interest received|||||||
|and income from investments|||~70920|||92620|
|Net cash (used)/gained
iu|investiag||||||
|activities|||||375 90|286 741|
|Net (decrease)/increase|||||||
|in cash and cash equivalents|||||(277,766)|338,544|
|Cash and cash equivalents|||||||
|at the beginning ofyear|||||789,603|452,275|
|Exchange (losses)|||||~649|I 216|
|Cash and cash equivalents|||||||
|at end ofyear|||||||
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||||Uarestricted|Restricted||
|---|---|---|---|---|---|
||||Funds|Funds|Total|
|||Notes|2019|2019|2019|
||||||f|
|INCOMK||||||
|Donations
and legacies||||||
|—Donations
and grants
- Legacies
Investments|||2,548,118
903,692|4499,493
-|6,947,611
903,692|
|-Interest||||||
|- Cash deposits
- UK Fixed Interest Securities
-Overseas Fixed Interest Securities
- Dividends|||1,989
21,029
2,956||1,989
21,029
2,956|
|- UK equities
-Overseas equities
Other trading activities|||59,035
7,611
~28096||59,035
7,611
~28 096|
|Totalincome|||~372
26|~499493|~7972019|
|EXPENDITURE||||||
|Charitable
activities
Raising funds|||2,981,432|4,413,604|7495,036|
|- Fundraising
costs
- Investment
managers|fees||417,595
~16 46||417495|
|Total expenditure|||3~415573|~4413604|~729 177|
||||156,953|(14,111)|142842|
|Gains on investment
assets|||~701808||~701 $08|
|Net income/(expenditure)|||858,761|(14,111)|844,650|
|Other recognised
gains||||||
|Profit on foreign exchange
Gains on forward exchange contracts|||(1921@
~1955~49|-|(1416)
~lll5
49|
|Net movement
in funds|||751,996|(14,111)|737,8S5|
|Reconciliation offunds||||||
|Fund balances at 1stJanuary 2019|||~4405 821|~30000|~4435
21|
|Fund balances at 31stDecember 2019||||||
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|Expenditure|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Uarestricted|Restricted|Total|||
|||||Funds|Funds|2020|2019||
|||||0||8|f||
|Charitable
Activities|||||||||
|Campaign
costs||||2,656,175|301,076|2,957$,51|6,927,7I I||
|International
development|||costs|||||250|
|Educational
costs||||143475||143475|127,84I||
|Travel and accommodation||||1@45||1445|43,040||
|Support costs||||~261420||~261420|296 194||
|||||~3062
15|3~01076|3~63 91|7395|036|
|Raising funds|||||||||
|Fundraisiug
costs:-|||||||||
|Appeal and other costs||||249,486||249,486|209,002||
|Support costs||||~200 141||211114i|208|593|
|||||~449627||~449 627|417|595|
|Investment
managers||fees||~16687||~16687|16|546|
|Total|||||||||
|nalysis ofSupport Costs|||||||||
|||||Charitable|Fundraising|Total|||
|||||Activities|Costs|2020||20I9|
|||||||8|||
|Staffcosts||||177,165|172,058|349423||341,I96|
|Premises costs||||7,535|2,512|10,047||13,113|
|Once administration|costs|||13,142|4480|17422||25,702|
|Insurance||||8,471|2,823|11494||14,753|
|Database, development|||||||||
|and computer costs||||10,600|3,533|14,133||46,207|
|Motor expenses||||2,755|918|3,673||4,753|
|Depreciation||||11431|3,743|14,974||17,205|
|Bank charges||||20,427|6,809|27436||25,527|
|Professional
fees||||378|126|504||1,656|
|Audit and accountancy
Sundry expenses||fees||6455
~3461|2,085
~1154|8/40
~4615||8,104
6 57I|
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|.Tangible Fixed Assets||||||||
|---|---|---|---|---|---|---|---|
|Cost|||Freehold
Property|Plant tfs
Machinery
f|Motor
Vehicles|Support
Boat
f,|Totalf|
|At lstJanuary
2020
Additions
Disposals|||216,430|99,564
2,864|32,000|11+95|359489
2,864|
|At 31stDecember 2020|||2~16430|~102428|3~2000|~11 95|~362
53|
|Depreciation||||||||
|At 1stJanuary 2020
Charge for the year
On disposals|||82,130
4487|65,518
7482|18,781
3405|11495|177dt24
14,974|
|At 31stDecember 2020|||~86417|~72 900|~22 086|~11 95|~192798|
|Net BookValse||||||||
|At 31st December 2020||||||||
|At 31st December 20I9||||||||
|nvestments||||||||
|Market value at 1stJanuary 2020
Acquisitions
Less: Disposals||||||2020
f
4,132,482
798,087
~448 62rt5r|20I9
f
3,627,45 I
725,934
~836373|
|Net unrealised
gain on revaluation||||||4,481,944
~552
90|3,517,012
615470|
|Market value oflisted investments||at|3Ist December 2020||||4~4|
|Historical cost at 31stDecember2020|||||||3~9|
|All investments
are listed|on a recognised stock|||exchange.||||
|An analysis ofinvestments|is as follows:|||||||
|IIK
Investments
774JI65
2~438596
Debt Instruments
Equities||2020
Overseas
Invest tn eats
f
210,961
~1609812||Totalf
985,826
~4048408|UK
Investments
f
629,484
I 357 I49|2019
Overseas
love%ments
144,775
2 00I 074|Totalf
774359
3~358223|
|||||||~4|~4|
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|9.|Debtors||||
|---|---|---|---|---|
||||2020|2019|
||Derivative
asset
Other debtors
Prepayments
and accrued income||3,655
77399
~735|166,200
6222|
|10.|Creditors: amounts|falling due within one year|||
||||2020|2019|
|||||f|
||Trade creditors
Derivative
liability
Other taxes and social
Other creditors
Accruals|security costs|30,712
20,401
1420
~15 05|38,667
41,184
17,540
79
12882|
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|13.|Financial|Financial|Instruments||
|---|---|---|---|---|
||Financial||assets measured|at fair value|
||through|income account|||
|||||||
|---|---|---|---|---|---|
|Financial
Instruments||||2020
f|20)9|
|Financial
assets measured|at fair value|||||
|through
income account||||||
|Restricted Funds||||||
|||At 1st|||At 31st|
|||January|Income|Kxpenditure|December|
|||2020
f|||2020f|
|Orangutan
Conservation|||5,660|(5,660)||
|PPE Indonesia|||2,000|(2,000)||
|Plant A Tree - indonesia|||6,000|(6,000)||
|india: Dancing Bears|||249,122|(249,122)||
|Armenia
Bears|||38494|(38I294)||
|Orangutan
Release Programme||~15889|||~15 89|
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|||At 1st|||Unrealised|At 31st|
|---|---|---|---|---|---|---|
|||January|||aud realised|December|
|||2020
f|Income
f|Expenditure
f|gainsf|2020|
|General|Fund||||||
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|||||2020|2019|
|---|---|---|---|---|---|
|||||f,|I|
|Operating|(deficit)/surpIus|||(3,049)|50,222|
|Depreciation||||14,974|17,205|
|(Increase)|in stocks|||(159)|(1,123)|
|Movement|on derivative||asset|44,839|(105,549)|
|Decrease|in debtors|||83,933|66,799|
|(Decrease)/increase||in creditors||~42 714|24 249|
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||||2020||2019||
|---|---|---|---|---|---|---|
|INCOME|||||||
|Direct mail appeals|||795,408|||623,477|
|Committed
gifts|||47$,439|||471,117|
|Donations
from individuals|and companies||969,099|||593,893|
|Gift aid|||246,102|||216,963|
|Grants from trusts and foundations|||73,689||4,867,011||
|Legacies|||1,131,453|||903,692|
|Fundraising
events|||111,6S5|||175,150|
|Merchandise
and promotions|||20,781|||28,096|
|Investment
income|||70410|||90,631|
|Interest received|||410|||I 989|
|Total income|||3~897 76||7|972019|
|EXPENDITURE|||||||
|Campaign
costs:|||||||
|India —Dancing Bear Project||616495||488,610|||
|Indonesia —Primate Rescue||1,800482||5,963,270|||
|Costa Rica —Refuge for Wildlife||113,482||105,795|||
|Armenian
Bear Project||198,$68||143,668|||
|Catastrophes
Cat Rescue||188,409||189,400|||
|Other project costs||39,715||36,968|||
|International
development|costs|||250|||
|Educational costs
Travel and accommodation||143475
~145||127,$41
43 040|||
||||3,101,971||7,098,842||
|Fundraising
costs:|||||||
|Appeals costs||179,474||139,962|||
|Exhibition,
and advertising|costs|38380||31,343|||
|Web, affinity and legacy costs||5415||4,730|||
|Cost oftrading||6,836||11,901|||
|Investment
managers
fees||16,687||16,546|||
|Sundry
fundraising||~194SI||21 066|||
||||266,173|||225,548|
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||||2020||2019||
|---|---|---|---|---|---|---|
|Overheads:|||||||
|Salaries, national
insurance||and pensions|349/23||341,196||
|Printing,
postage and stationery|||13381||21,250||
|Computer
and website|costs||14,133||46,207||
|Rates|||1,533||1,509||
|Light and heat|||2,830||2,594||
|Repairs and maintenance|||5,684||9,010||
|Insurance|||11494||14,753||
|Telephone
and internet|||4441||4,452||
|Motor expenses|||3,673||4,753||
|Audit and accountancy|fees||8440||8,104||
|Legal and professional|fees||504||1,656||
|Sundry expenses|||4,615||6,571||
|Profit on foreign exchange|||649||1,216||
|Bank charges|||27436||25,527||
|Depreciation|||14,974||17,205||
|Deficit/(surplus)|||||||
|on disposal offixed asset investments|||~94 185||~86338||
|||||556 95||419665|
|Total expenses||||3~924 39|7|744 055|
|Net (deficit)/surplus|||||||