## **Indo-Myanmar Conservation** **(A Company Charity Limited by Guarantee)** **Annual Report and Financial Statements for the year ended** ## **31st August 2022** **(Charity Number: 1126123) (Registered Company Number: 06662240)** Charity Accounts Preparation & Independent Examination Service ## **Indo-Myanmar Conservation** **(A Company Charity limited by guarantee)** |**Contents**|| |---|---| |**Index**|**Page**| |**Directors (Trustees) Annual Report**|**1**| |**Independent Examiners Report**|**6**| |**Statement of Financial Activities**|**7**| |**Balance Sheet**|**8**| |**Notes to the Accounts**|**9**| **Report of the trustees for the year ended 31st August 2021** **From:** 1st September 2021 **To:** 31st August 2022 The Board of Trustees, who are also Directors of the charity for the purpose of the Companies Act 2006, present their annual report and financial statements for the year ended 31st August 2022. The financial statements comply with the Companies Act 2006 and Accounting and Reporting by Charities, Statement of Recommended Practice (SORP 2015). **Charity's full name** Indo-Myanmar Conservation **Registered Company number** 06662240 **Registered Charity number** 1126123 ## **Objectives and activities** ## **Summary of the purposes of the charity set out in its governing document** The objects of the Charity, inter alia, are: - To promote for the benefit of the public the conservation of wild plants and animals, in particular, but not limited to, those that are - ∙ endemic or mainly confined to Vietnam, Laos, Cambodia, Thailand, Myanmar and/or Southern China. - Such other charitable purposes beneficial to the community consistent with the objects above as the trustees shall in their absolute - ∙ discretion determine. The objectives for a particular year are shaped by these aims and reference is made to the needs, financial and other, of the Charity. The trustees determine the donations and/or financial support to be made to the Charity. ## **Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts** The Trustees confirm that they have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit. That guidance outlines the need to all charities aims to be demonstrably for the public benefit. In planning the activities for the period, the Trustees have kept in mind the Charity Commission’s guidance on public benefit at the Trustee meetings.In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. ## **Achievements and performance** **Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.** The trustees continued to establish operational and financial policies and procedures and to raise funds to enable the Charity to fulfil its charitable objects. The trustees have concentrated their efforts this year on raising public awareness of the Charity, its aims and objectives. The Asian Turtle Program (ATP), which was a Hanoi-based program of the Cleveland Metroparks Zoo in the USA and operated under the local NGO, Education for Nature - Vietnam (ENV) approached IMC with a view to merging. The ATP wished to be institutionalised in order to legalise its position in Vietnam and to facilitate the receipt of funds, with the merger finalised with the registration of IMC in Vietnam on the 4th of March 2015, which saw the staff of the ATP become IMC staff. The ATP has retained some identity to operate as a programme within IMC. The Charity has funded several conservation activities in Vietnam following the accreditation by the People’s Aid Coordinating Committee (PACCOM) and obtaining PACCOM’s approval for the following programs: 1. INFO MANNA - The MANNA/IUCN grant to support programme development within IMC through supporting core costs that are otherwise challenging to secure, such as legal and accounting costs, staff time and some project activities. The budget is $40,000.00 per year for 4 years, with a total $160,000 from 2016 – 2021. - 2 US Fish and Wildlife Service (USFWS) - the project “Combatting the illegal wildlife trade in tortoises and freshwater turtles in Vietnam” had a duration of 24 months from August 2019 to July 2021, but due to CoVID the project was extended to July 2022. The total budget is $147,050.00. The project location is throughout Vietnam and to date, 31st of August 2022. 3. Full Circle Foundation - Conservation of critically endangered tortoises and freshwater turtles in Vietnam, for 12 months, from April 2022 to March 2023. A contribution total of 120,307 USD was allocated for the period to date (31 August 2022). However, the disbursement is 0 USD as the payment of 119,916 USD arrived after this reporting period, in September 2022. Funds from the grantee support work in Son Tay district (from Hanoi city), Deo Ca area (from Phu Yen province) and Cuc Phuong National Park, Ninh Binh Province. 1 ## **Report of the trustees for the year ended 31st August 2021** 4. Fondation Segre Foundation – “Developing viable release strategies for rehabilitated and Endangered big-headed turtles in Vietnam”, the full duration of the project was 36 months, from September 2018 to August 2021, this was extended due to CoVID delays and eventually completed in October 2021. The total grant amount was $200,000 USD. Activities were focused on Pu Mat National Park, Nghe An Province. - 5 Critical Ecosystem Partnership Fund (CEPF) - Provided support to a range of species-focused project field activities and staffing costs. The project total budget is for $200,060.00 over a three-year period from July 2021 to June 2024. To date (31 August 2022), the disbursement is 111,649.02US - 6 Cleveland Metroparks Zoo - Core support for turtle conservation in Vietnam: with the duration of 12 months, from January 2021 to December 2021, the project will contribute a total budget of 54,950 USD. Activities are focused across Vietnam and support core costs. From January 2022 – December 2022, a further 96,574 USD was provided from the grantee, part of this payment, 39,625 USD arrived in December 2022 outside of this financial reporting period. - 7 Other support from private donors and small grants include: ReWild $9,993.00, ZSL $11,838.00, Conservation Nation $5,000 ## **Overview period 1st September - 31st August 2022** During the project period a number of strategic MoU’s were signed with partners to strengthen activities by ATP/IMC including with Cuc Phuong National Park, Ninh Binh Province for the co-management of the Turtle Conservation Centre (TCC) in the park. Consultation workshop on the strengthening management efficiency of endangered, precious and rare wildlife conservation facilities that will help support decision making by national authorities on wildlife protection and legislation. ## **Challenges** Activity in this project period has gone a lot more smoothly than within the last, this was largely due to the removal of COVID-19 restrictions which allowed staff to operate more effectively in completing community activities and field projects. As field projects have expanded into additional provinces, we are in the process of requesting that some of our new sites are added to our national registration within Vietnam. This process may require some time. ## **Summary of Project Activities** ## New Partnerships In September 2021, a five-year MoU was signed between the Centre for Technology and Nature Conservation (CTNC) and the ATP/IMC to implement SMART monitoring at our project sites. Furthermore, in March 2022, a three-year MoU was signed with the Vietnam National University of Forestry to collaborate on training and education programs. ## Resources produced during this project period included: In October 2021, an awareness poster, “Tortoise and Freshwater Turtle species prioritised for protection in Vietnam”, was completed with 3,000 copies printed for distribution. ## Publications: January 2022, a report, “Endangered turtle species under threat from trade and consumption”, was produced in partnership between the ATP/IMC and PanNature. With 1,500 copies printed in Vietnamese language and distributed. ## Events & Awareness: During this project, TFT education and awareness programs were completed at several locations. In March 2022, in partnership with Education for Nature Vietnam (ENV) and the Young Conservationist Club (YCC) of the Vietnam National University of Forestry (VNUF), a day-long workshop and exhibition were held for 200 students of the university. In May 2022, 100 students from the Olympia school, Hanoi, participated in a special lesson program on TFT conservation. Signboards were erected in July 2022 at 19 locations around Bach Ma National Park, Nghe An Province, focusing on TFT protection, specifically the critically endangered Bourret’s Box Turtle (Cuora bourreti). While in August 2022, four community meetings were held for the species with 147 participants. ## Community engagement In March and April 2022, school programs were completed in Thua Thien Hue Province, with a focus on Bourret’s Box Turtle (Cuora bourreti), with 368 participants from four schools; each school was also provided with books on wildlife and the environment as part of our conservation library project. In April 2022, school programs were completed for Swinhoe’s Softshell Turtle (Rafetus swinhoei); 277 pupils participated from two schools with conservation libraries. Finally, in May 2022, school programs were conducted in four Nghe An province schools, with 326 pupils participating. We have continued working with media throughout this project year, with several television stories and news articles produced on our work and TFT conservation in southeast Asia. ## Training: In April 2022, the annual TFT field skills training course was held in Cuc Phuong National Park for 14 participants from universities and national parks from across Vietnam. This was the 18th annual field skills training course the ATP/IMC held in partnership with Cuc Phuong National Park. Enforcement training was held in June 2022, two courses for 74 participants from Sai Gon City and An Giang, Long An, Tay Ninh, Hau Giang, Cau Mau and Dong Tap Province. Participants were from FPD, police and customs officers. While in July 2022, a training course was held for 20 journalists. 2 **Report of the trustees for the year ended 31st August 2021** ## Websites: No significant developments were made for the website during this period, but a new communication officer was hired to manage the website and social media. ## Workshops and Events: May 2022, a workshop with 64 participants on the release of the Vietnamese Pond Turtle (Mauremys annamensis) was held in partnership with the Biodiversity Conservation Agency (BCA) of the Ministry of Natural Resources and the Environment (MoNRE). ## Surveys: Radio Tracking was completed for the Big-headed Turtle (Platysternon megacephalum) in Nghe An Province. During May 2022, surveys in Pu Mat National Park, Nghe An Province, focused on the collection of water samples for environmental DNA (eDNA) while non-lethal trapping found 5 TFT of two species in the wild, the Big-headed Turtle (Platysternon megacephalum) and Four-eyed Turtle (Sacalia quadriocellata). In 2021 market surveys were completed to examine the illegal wildlife trade in southern Vietnam from commercial farms and public marketplaces. Dong Thap, An Giang, Hau Giang, Ca Mau, HCM, Long An provinces. A project using images of TFT to identify individual animals using Artificial Intelligence (AI) was undertaken with the United States based company, WildMe. The software could learn and identify individual animals based on markings after training. Surveys were completed for amphibians and reptiles in Hoang Lien National Park as part of a joint ATP/IMC and Zoological Society London project. ## Swinhoe's Softshell Turtle Project The ATP/IMC undertook trapping activities on Xuan Khanh Lake for Swinhoe’s Softshell Turtle in partnership with WCS and the Hanoi Fisheries Department to try and confirm the species and gender of the large turtle observed in this lake. The activity lasted almost two months. Unfortunately, no animals could be captured. Monitoring of lakes in northern Vietnam continued to support the Swinhoe’s Softshell Turtle during 2021 and 2022. In addition, eight artificial basking platforms were constructed in September 2021 in two lakes near Hanoi for the Swinhoe’s Softshell Turtle. A large animal was photographed basking on one of these in Dong Mo Lake in January 2022. Furthermore, in March 2022, the artificial nesting beach in Dong Mo Lake was increased in size by five times by adding more sand. At the same time, new signboards were also added in three locations for the species. ## Vietnamese Pond Turtle Project In 2022 two surveys were completed in provinces within the species range in central Vietnam, with positive information for the species at both sites. Meetings and workshops were also held to create a focus on protecting habitats for the future reintroduction of this species into the wild. ## Bourret’s Box Turtle Project Community threat assessments and awareness activities were completed in July 2022 for Bourret’s Box Turtle in central Vietnam. In addition, radio tracking of a small group of Bourret’s Box Turtles (Cuora bourreti) in Bach Ma National Park, Thua Thien Hue Province, continued. While interview surveys were completed in April 2022 in Thua Thien Hue province, with 60 interviews completed and trade records made for five TFTs of three species. ## Rescue centre support Throughout the period, the support of rescue and releases of TFTs has continued, with 226 animals rescued to the TCC from 6 confiscations, while 398 animals were released back into the wild through 6 release events. We continued to support the construction and management of the Turtle Conservation Centre (TCC) in Cuc Phuong National Park. At the same time, technical support has also been provided to other rescue centres from across the country. A new secure cage was built for TFT in Cat Tien National Park, Dong Ngai Province. ## **Financial review** ## **Review of the charity’s financial position at the end of the period** During the year total income amounted to £246,330 and expenditure for the year totalled £325,601, making a net loss for the year of £79,271 before exchange rate differences. £44,748 loss after gain in exchange. At the balance sheet date, the Charity had total funds of £176,067. Uncommitted reserves freely available for charitable activities were £177,282. ## **Statement explaining the policy for holding reserves stating why they are held** The intention of the trustees is ultimately to distribute the majority of its unrestricted reserves in accordance with the charity's objectives, The charity needs to retain some reserves to cover the charity's UK expenditure. ## **Plans for Future Periods** Following the accomplishments we achieved up to now, the charity intends to continue to focus on priority project sites and species. 3 **Report of the trustees for the year ended 31st August 2021** ## **Risk management** The trustees review the major risks that the charity faces on a regular basis and believe that whilst following the reserves policy below there will be sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks, which they face and confirm that they have established systems to mitigate the risk. ## **Structure, governance and management** |**Description of the charity's trusts**|| |---|---| |**Type of governing document**|The charitable company was established under a memorandum of association, which established| ||the objects and powers of the charitable company and is governed under its articles of| ||association. With a focus mainly on activities in Vietnam, IMC was formally registered in Vietnam| ||on the 4th of March 2015 with The People's Aid Co-ordinating Committee (PACCOM), following an| ||initial extension, the registration was renewed on 30th August 2021 for a period of 3 years valid to| ||4th March 2024. The organisation has also undertaken a number of awareness and training| ||activities in Lao PDR in recent years, with these activities supported through partnerships with| ||Laos Zoo (LWC), Laos National University| |**How the charity is constituted**|The organisation is a charitable company limited by guarantee, incorporated on 1 August 2008| ||and registered as a charity on 1 October 2008.| |**Trustee selection methods including**|At the year-end there were three trustees, all of whom are fully committed to the success of the| |**details of any constitutional**|Charity. Two are based in the UK and one in the US. One of the UK trustees also works for| |**provisions e.g. election to post or**|ATP/IMC based in the UK with some months spent in Vietnam. Any future trustees would be| |**name of any person or body entitled**|recruited, selected and appointed following best practices and having regard to Charity| |**to appoint one or more trustees**|Commission Guidance in this regard.| All trustees undertook an initial briefing and induction programme. Any future trustee would undergo a similar induction programme. The trustees fully understand the im-portance of operating to the highest standards of corporation governance to ensure the public have confidence in the Charity. The Charity’s Memorandum and Articles of Association provides that the trustees have wide powers to apply funds for charitable purposes. The trustees meet regularly to monitor the Charity’s activities and to arrange the fundraising activities. One of trustee prepares and circulates to the other trustees an update on IMC’s field activities, financial status, and legal and administrative matters every quarter. Two trustees give their time voluntarily and receive no benefits from the charity in their role as trustees. The third, Timothy McCormack, also works full time for IMC/ATP as a director and as such is paid a salary as allowed following 13.5 section of the Arti-cles of Association. Any expenses reclaimed from the charity are set out in note 7 to the financial statements. ## **Reference and administration details** |**Charity's full name**|Indo-Myanmar Conservation| |---|---| |**Other names the charity is known by**|Asian Turtle Project| |**Charity’s principal address**|15 Lime Walk| ||Ripon| ||HG4 2NF| ## **Names of the trustees who manage the charity** |**Trustee name**|**Office (if any)**|**Dates acted if not for**
**wholeyear**|**Name of person (or body) entitled to appoint trustee (if any)**| |---|---|---|---| |Douglas Hendrie
Dr. Diana Bell
Timothy McCormack|||| ## **Names and addresses of advisers** |**Type of adviser**|**Name**|**Address**| |---|---|---| |Karen Wood
ACMA,CGMA
Outsource Accountancy Services & Independent Examinations
Hiscox Building, Peasholme Green
York, YO1 7PR
**Independent**
**Examiner**||| 4 Report of the trustees for thè year ended 31st August 2021 TFu81ee r*Jponalbllllles In plition to I1￿￿¢111 slatemtnts Companylaw requiresthe directors Ilrusiee$lto yepare financ￿1 51alernenis lOre￿h financ141 year, which gr48 a Irueand fairvivwol ihè slate olalfairs ol the Company and cfihelncome and expendiiure cllh8company the ye81. In weparing Ihose fmanck81 *atemenis. the ¢Jireclors IlnJsiee51 are required lo. . Select 5UrtaNÈaccounling polioes and Ihen ap￿Y them conghlenlty.. -observe the rneihods and principles of the Charities SORP - Make judgernents and esiimales that are rea50nabfe and ptudenl., - Slate whether aprlrable accotrnbnq slandards have been fol*. Su￿ethI0 anymaleiial departures disclosed and explained in the financial slaietnents, - Pfepare the finartual statements on ffte tyingtonc8m basks Un￿$9 il 15 ￿ap￿0p1Kats to pre5umethal the company wil conlinue on Ihal basis. The threttDt5 Ilrusteeslare responsiblp for keeilng properaccounling recordsv4hth d￿clOse￿I￿ reasonab￿ accuracy ai any lime the finan￿al Fosit￿n of Ihecompany ar¥J loenable Ihem loensure Ihalthe financial slal8fflenl$compy with the Comp3nie$ Aci 20Q6. Tthey are abc* ￿sPOn￿bIe forsatsgwTding thea8sei$oflhe corryany*W hen¢4 f¢r takiw reasonab￿ sieps lorthe pre¥entYJn and deiecbon ol*aud nd olher IrregU￿ribeS. Member6 ofthe Board olTwstees, who are Dkeetors forthe Pu￿0$¢ olcompary l*Y, and frustses forlhe wiposeol¢hartyk4W. W Se￿ed during the ye¥•d ￿ to the date oflhis owrt8T8 soifjuion paga 5. Dlxlosure of Infonnallon In so fara$thp ThJsl¢¢s are aware- - Ther& is no relevant inkjnbalionof which the Charity's Independent Exarniner is unaware.. -The Trus￿¢9 have laken Ihe necessary 51eps 10 ￿aware011￿2 infomaiion. whKh woukl tÉ re*V8ntf￿ indep¢ndenlexaminaUon puiposes8nd ha¥e commun*ated them tothe independent E¥arn￿er, Exemptk•ns The tWSiee5 have faken advankge Oftheexempll￿ aVal￿bI￿t0 Small companies. the audit exernplh)n las detaI￿d on the ba&rtè sheet). De¢laratlon Thls rtportwa8 approv¢d byth• Board ofTNIts Slgned on behaw olthèelL4rlV$ trustees $19natu Full Name fi rl0-rH 6K Q IkEStyZ Posltlon Dare ## **Independent examiner’s report to the trustees of Indo-Myanmar Conservation** I report on the accounts of: **Indo-Myanmar Conservation** for the year ended: **31st August 2022** which are set out on pages 7 to 16 . ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the Trust as required by section 386 of the Act; or - 2 the accounts do not accord with those records - 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or - 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Karen Wood (ACMA, CGMA)** Outsource independent examination The Hiscox Building Peasholme Green York YO1 7PR **Date:** 6 ## **Indo-Myanmar Conservation** (Charity Number: 1126123) (Registered Company Number: 06662240) ## **Statement of Financial Activities for the year ended: 31st August 2022** |**Note**
**Income**
**3**
Donations and grants
3.1
Investment income
3.2
Other income
3.3
**Total income**
**Expenditure**
Charitable activities
**4**
**Total expenditure**
**Net incoming/(outgoing) resources before**
**transfers**
**Gross transfers between funds**
**Net incoming/(outgoing) resources before**
**other recognised gains/(losses)**
**Other gains/(losses) Foreign exchange**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**||**Unrestricted**
**funds**
**£**
113,164
10
920|**Restricted**
**funds**
**£**
132,236
-
-|**Total**
**2022**
**£**
245,400
10
920
**246,330**
325,601
**325,601**
**(79,271)**
-
**(79,271)**
34,523
**(44,748)**
220,815
**176,067**|**Total**
**2021**
**£**
284,680
7
5,425| |---|---|---|---|---|---| |||**114,094**|**132,236**||**290,112**| |||43,157|282,444||235,856| |||**43,157**|**282,444**||**235,856**| ||||||| |||**70,937**|**(150,208)**||**54,256**| |||12,362|(12,362 )||-| |||**83,299**|**(162,570)**||**54,256**| |||9,401|25,122||(5,291 )| |||**92,700**|**(137,448)**||**48,965**| |||84,582|136,233||171,850| |||**177,282**|**(1,215)**||**220,815**| 7 Indo-myanmar Conservation Icharily Numbfrr., 11281231 (Registered Company Nurnber.. 066622401 Balan¢• Sheet as at: 31stAugust 2022 2022 2021 Nots FiXe￿AsSets Tartgkn￿ assets 4.507 Total Flxed Assets Current assets Cash ai bank and in hand Oebtots & p￿paYments 177,036 220.458 Total current assets 177.036 220.4S8 urrent liabilltles: amounts ialling due within one year Creditors & accruals Net ¢urrent assetsllliabilitiesl 7.973 169.063 4.150 216,308 Net assets 176.067 220.81S Fund$ ofthe Charity UnrestrK#ed Funds 10 177.282 84.582 Restrictsd Fvnds 10 11,2151 136,233 Totsl fund$ rarried lo￿ard 176.067 220.815 . The tnjslees 8¥e satisfied that the company 1$ ent￿ed to exemwcn from the provigonsolthe CorrpaniesA¢tl0061lheArtI relating to the audil of the financial ststeftEnls forthe year by virtue of seclion 477. and Ihal no rneffl￿r ormember5 have requested an audit pursuantto section 476 ofthe Act. The directOTS ItnJ$teesl aCkn￿ledge their respO￿LbIlitieS for, il ensuring the company keeps aecounkng records which complywilh Sèctions 386 and 387 of th? Companies Aot 20C6'. and ill preparing financial slalemenls which give a true and lairview of the stale of affairs ol Ihe cornpany atthe end of each financk41 yearand ol ils profit and loss foreach financial year in accordan￿ with the requirements of Sèctions 394 and 395 and which otherwise comply with the requirements olthe Coryanie¥ Act 2006 r¢laliThJ to f5nancial statements. so laf a5 appl￿ble lo the cornpany. The financial 5taternents have been prepared in accordance wrth Ihe speaal provisions of Part 15 olthe Corrpanies Act 2006 relating lo $rnall Companies and wilh the Finanrial Reporting Startdards for Smaller EThtil￿ leffedwe April 2¢X81. Thè financial ststements were approved by the Irustees and strJned on their bèhawty. Signature Full Name Positlon Date ## **Indo-Myanmar Conservation** (A Company Charity Limited by Guarantee) ## **Notes to the accounts for the year ended:** ## **31st August 2022** ## **1 Basis of preparation** ## **1.1 Basis of accounting** The financial statements are prepared under the historical cost convention and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102)). ## **1.2 Change of basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. ## **1.3 Change to previous accounts** No changes have been made to accounts for previous years. ## **2 Accounting policies** ## **Income** ## **Recognition of incoming resources** These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources; - receipt is probable; and - the monetary value can be measured with sufficient reliability. ## **Income with related expenditure** Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA. ## **Grants and donations** Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. ## **Donated services and facilities** These are only included in income (with an equivalent amount in expenditure) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. 9 ## **Expenditure and Liabilities** ## **Expenditure** ## **Raising funds** Cost of raising funds comprise those costs associated with attracting voluntary income. ## **Charitable activities** Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Foreign currencies** Assets and liabilities in foreign currencies at the year-end have been converted into UK Sterling at the rate of exchange applicable at the date of the Balance Sheet. Transactions in foreign currencies during the financial year have been converted into sterling using the exchange rate on the day of the transaction. Exchange rate differences are taken into account in arriving at the operating result. ## **Fund accounting** Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor. ## **Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost less depreciation. Individual assets costing more than £500 are capitalised. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Equipment 33% Reducing balance 10 ## **Indo-Myanmar Conservation** ## **Notes to the accounts for the year ended: 31 August 2022** |**3.1**
**3.2**
**3.3**
Misc income
JRS grant
**Donations and grants**
Grants
**Total income**
**Income**
**Other income**
Donations
**Investment income**
interest|**Unrestricted**
**funds**
**£**
110,172
2,992|**Restricted**
**funds**
**£**
132,236
-
**2022**|**Total**
**2022**
**£**
242,408
2,992
**245,400**
10
**10**
920
-
920
**246,330**|**Unrestricted**
**funds**
**£**
92,488
-|**Restricted**
**funds**
**£**
192,192
-
**2021**|**Total**
**2021**
**£**
284,680
-| |---|---|---|---|---|---|---| ||**113,164**|**132,236**||**92,488**|**192,192**|**284,680**| ||10|-||7|-|7| ||**10**|**-**||**7**|**-**|**7**| ||920
-|-
-||-
5,425|-
-|-
5,425| ||920|||5,425|-|5,425| |||||||| ||**114,094**|**132,236**||**97,920**|**192,192**|**290,112**| 11 **Indo-Myanmar Conservation** ## **Notes to the accounts for the year ended: 31 August 2022** |**4**
Depreciation
Accom & subsistance
**Charitable activities**
**Expenditure**
rent
Office & admin overheads
Bank charges
Local counterparts
prof fees
Equipment
Food
Repairs, maintenance & service fees
Communications
sundry
**Total expenditure**
staff
supplies
TCC food/rescue
**Total charitable activities**
Transport & travel
Overhead contribution|**Unrestricted**
**funds**
**£**
645
336
579
384
1,525
-
49
43
-
2,366
-
43,532
495
-
3,234
(12,702 )
2,671|**Restricted**
**funds**
**£**
3,109
387
1,816
5,372
6,365
910
10,134
945
411
21,791
7,005
137,756
35,888
3,869
33,984
12,702
-
**2022**|**Total**
**2022**
**£**
3,754
723
2,395
5,756
7,890
910
10,183
988
411
24,157
7,005
181,288
36,383
3,869
37,218
-
2,671
**325,601**
**325,601**|**Unrestricted**
**funds**
**£**
-
133
687
82
-
-
8
-
18
1,750
-
60,194
553
34
303
-
2,185|**Restricted**
**funds**
**£**
4,412
2,245
1,902
9,175
7,680
217
161
4,278
305
11,021
5,939
95,045
13,366
5,723
8,440
-
-
**2021**|**Total**
**2021**
**£**
4,412
2,378
2,589
9,257
7,680
217
169
4,278
323
12,771
5,939
155,239
13,919
5,757
8,743
-
2,185| |---|---|---|---|---|---|---| ||**43,157**|**282,444**||**65,947**|**169,909**|**235,856**| ||**43,157**|**282,444**||**65,947**|**169,909**|**235,856**| 12 (A Company Charity Limited by Guarantee) ## **Indo-Myanmar Conservation** ## **Notes to the accounts for the year ended: 31st August 2022** ## **5 Expenses & fees** ## **5.1 Trustee expenses** No Trustees were paid expenses in the current or previous year. ## **5.2 Trustees fees** Timothy McCormick, one of the trustees, is also an employee and is paid for his service as Programme Director of ATP in Vietnam. During the year he received a salary and pension contributions totalling £31,517, from the charity (2021-£40,471) ## **5.3 Fees for examination or audit of the accounts** |**5.3 Fees for examination or audit of the accounts**
Independent Examiner's fees for reporting on the accounts
Other fees paid to the Independent Examiner
**6**
Staff costs comprise:
Wages and salaries
Employer's national insurance
Employer's pension contributions
No employees received in excess of £60,000 (2021 - none)
Average number of employees
19
(2021 - 22)
**Staff costs**|**2022**
**2021**
**£**
**£**
850
850| |---|---| ||950
900| ||| ||**1,800**
**1,750**| ||| ||**2022**
**2021**
**£**
**£**
158,081
131,098
22,415
23,182
792
959| ||**181,288**
**155,239**| ||| The key management personnel of the charity are the trustees and the programme director. ## **7 Fixed assets** |**Cost or valuation**
At 31st August 2022
**Depreciation**
At 31st August 2021
At 1st September 2021
**Net Book Value**
At 31st August 2022
Charge for the year
At 31st August 2022
**Fixed assets**
**7.1 Tangible fixed assets**
At 1st September 2021
Additions in year|**Equipment**
**Total**
**£**
19,055
5,168| |---|---| ||**24,223**| ||14,548
2,671| ||**17,219**| ||| ||**7,004**| ||| ||**4,507**| 13 ## **8 Cash at bank and in hand** ||**Unrestricted **|**Restricted**|**Total**|**Total**| |---|---|---|---|---| ||**Funds**|**Funds**|**2022**|**2021**| ||**£**|**£**|**£**|**£**| |VND Bank|773|-|773|581| |USD Bank|158,494|(1,215 )|157,279|194,930| |Euro Bank|16,358|-|16,358|15,714| |VND Cash|36|-|36|2,623| |USD Cash|745|-|745|1,384| |GBP Cash|1,845|-|1,845|5,226| ||**178,251**|**(1,215)**|**177,036**|**220,458**| ## **9 Creditors and accruals** |**Analysis of creditors falling due within one year**
Accruals
Creditors
**Total**|**2022**
**2021**
**£**
**£**
1,800
4,150
6,173
-| |---|---| ||**7,973**
**4,150**| ## **10 Analysis of Funds** ## **10.1 Movement of major funds** |**2022**
MANNA
USFWS
SLZOO
Full Circle
WWF
Thrigby Hall
MKW
BTGF
TSA
**Fund Name**
**Unrestricted Funds**
General Unrestricted Funds
**Restricted Funds**
CEPF
Segre Fondation
**Total Funds**
WCS JT grant Phu Quoc|**Balance**
**Incoming**
**Outgoing**
**(loss) gain**
**Balance**
**B/Fwd**
**Resources**
**Resourceson exchange**
**Transfers**
**C/Fwd**
84,582
114,094
43,157
9,401
12,362
177,282| |---|---| ||**84,582**
**114,094**
**43,157**
**9,401**
**12,362**
**177,282**| ||(11,539)
11,196
4,885
(2,128)
7,356
-
28,623
40,519
69,741
5,278
4,679
2,598
-
-
479
(3,077)
-
49,016
-
109,182
9,039
(51,127)
35,117
53,092
63,372
6,476
31,313
163
-
-
30
(193)
-
3,901
-
3,389
719
1,231
16,882
15,878
13,365
3,113
(7,356)
15,152
3,092
-
-
570
(3,662)
-
(3,183)
11,551
10,244
(587)
(2,463)
3,230
-
3,637
596
(189)
-
8,333
-
4,629
1,537
(5,241)
-| ||**136,233**
**132,236**
**282,444**
**25,122**
**(12,362)**
**(1,215)**| ||| ||**220,815**
**246,330**
**325,601**
**34,523**
**-**
**176,067**| A transfer has been made from Segre to MANNA due to an error on opening journal funds in previous years. The funds in negative balance are receiving more funding in the next financial year. 14 |**2021**
MANNA
USFWS
SLZOO
Full Circle
CEPF 2014-2017 $150,000
WWF
Thrigby Hall
Segre Fondation
NATGEO
EDGE
WCS JT grant for Ninh Thuan
WCS JT grant Phu Quoc
BTGF
TSA
MKW
**Total Funds**
**Fund Name**
**Unrestricted Funds**
General Unrestricted Funds
**Restricted Funds**|**Balance Incoming**
**Outgoing**
**Diff on**
**Balance**
**B/Fwd Resources**
**Resources**
**Exchange**
**Transfers**
**C/Fwd**
55,508
97,920
65,947
(1,456)
(1,443)
84,582| |---|---| ||**55,508**
**97,920**
**65,947**
**(1,456)**
**(1,443)**
**84,582**| ||(14,900)
19,755
16,885
491
-
(11,539)
58,954
-
28,388
(1,943)
-
28,623
-
4,970
2,372
-
-
2,598
46,753
87,485
83,681
(1,541)
-
49,016
277
36,355
1,506
(9)
-
35,117
169
-
-
(6)
-
163
273
4,753
1,116
(9)
-
3,901
17,946
20,045
20,517
(592)
-
16,882
537
-
715
(18)
196
-
1,674
2,516
4,923
(55)
788
-
1,462
-
1,873
(48)
459
-
3,197
-
-
(105)
-
3,092
-
4,344
7,527
-
-
(3,183)
-
3,636
406
-
-
3,230
-
8,333
-
-
-
8,333| ||**116,342**
**192,192**
**169,909**
**(3,835)**
**1,443**
**136,233**| ||| ||**171,850**
**290,112**
**235,856**
**(5,291)**
**-**
**220,815**| ## **10.2 Transfers between Funds** The transfer between funds represents the slight underspend being released into unrestricted funds to end the project with the permission of the funder, or a slight overspend being made up from unrestricted funds. There has alo been a transfer due to the release of the restriction on purchase of fixed assets. ## **10.3 Restricted Funds** ## **MANNA** The MANNA grant has been to help develop the programme development within IMC though supporting core costs that are otherwise challenging to support, such as legal and accounting costs, staff time and some project activities. ## **USFWS** Combatting the illegal wildlife trade in tortoises and f reshwater turtles in Vietnam with the duration of 24 months f rom August 2019 to July 2021 but due to Covid breakout the project was extended to July 2022. ## **SLZOO** Saint Louis Zoo, USA, provided support for the Turtle Conservation Centre (TCC) for captive management of animals at the centre, including support for new racking and equipment for the hatchling building. Also some support for equipment and monitoring at key sites for the Swinhoe’s Softshell Turtle. ## **Full Circle** Full Circle provides a broad range of funding, this includes the support of running cost and facility developments at the Turtle Conservation Centre (TCC) in Cuc Phuong National Park, field survey and community activities for a range of species projects and website development. In addition it covers some staffing and office running costs. ## **CEPF** Provided support to a range of species focused project field activities and staffing costs 15 ## **WWF** Supporting the rehabilitation and release of Bourret's Box Turtles in Central Vietnam ## **Thrigby Hall** Long term support for tortoise and freshwater turtle conservation activities in Vietnam ## **Segre Fondation** Developing viable release strategies for rehabilitated and endangered Big-headed turtles in Vietnam ## **WCS JT grant Phu Quoc** Interview and Field Survey to identify How many chelonian species occur in the largest island of Vietnam ## **MKW** IUCN Mekong Wet grant for activities to assess wetland habitat and climate change vulnerability for the critically endangered Vietnamese Pond Turtle (Mauremys annamensis). This has included biodiversity surveys at key wetland habitats in Phu Yen province, remote sensing of possible habitat with climate change impact modelling and discussion, socioeconomic surveys with vulnerability assessments for the species and habitats using specific VA tools. ## **BTGF** Banyan Tree Global Foundation - for support of conservation activities in Thua Thien Hue Province, Central Vietnam, focused on the critically endangered Bourret’s Box Turtle (Cuora bourreti). Activities include surveys within 6 key districts surrounding habitat, awareness events, assessment of local livelihoods, and work to support the establishment of a new captive assurance colony for the species in Bach Ma National Park in the province. ## **TSA** Turtle Survival Alliance - funding provided to support the construction of a new secure cage with heated indoor areas for the critically endangered Southern Vietnamese Box Turtle (Cuora picturata) at the Turtle Conservation Centre (TCC) in Cuc Phuong National Park, Ninh Binh Province. ## **11 Net assets between funds** |**2022**
Fixed assets
**2021**
Fixed assets
**Fund balances at 31st August 2021**
**Fund balances at 31st August 2022**
Current assets
Current liabilities
Current assets
Current liabilities|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
7,004
-
**7,004**
178,251
(1,215 )
**177,036**
(7,973)
-
**(7,973)**| |---|---| ||**177,282**
**(1,215 ) 176,067**| ||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
4,507
-
4,507
84,225
136,233
220,458
(4,150)
-
(4,150)| ||84,582 136,233 220,815| ## **12 Transactions with related parties** No related party transactions were undertaken during the year, nor in the previous year. 16