Indo-myanmar Conservation (A Company Charity Limited by Guarantee) Charity Number Registered Company Number 1126123 06662240 Trustees. Annual Report & Financial Statements for the year ended 31st August 2023 Charity accounts preparation & independent examination service
Indo-myanmar Conservation (A Company Charity limited by guarantee) Contents Index Page Directors (Trustees) Annual Report Independent Examiner's Report 12 Statement of Financial Activities 13 Balance Sheet 14 Notes to the Accounts 15
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Charity's full name: Indo-myanmar Conservation Registered company number: 06662240 Registered charity number: 1126123 From: 1st September 2022 To: 31st August 2023 The trustees present their report and the unaudited financial statements for the year ended 31st August 2023. Reference and administrative information set out on page I form5 part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102 (effective l January 2019). bjectlves and Actlvltle Summary of the purposes of the charlty set out In Its governlng document 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 are 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 need5, 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 par- ticular, the activitiesi projects or services identified in the accounts The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 ievemen an ormance Summary of the main achievements of the charityi 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 Charityi Its aims and objectives. The Asian Turtle Program (ATP), which was a Hanoi-based program of the Cleveland Metroparks Zoo (CMZ) in the USA and operated under the local NGO, Education for Nature Vietnam {ENV) was merged with IMC, which was finalised on the 4th of March 2015 with the registration of IMC in Vietnam, this saw the staff of the ATP become IMC staff. Due to its long establishment and the awareness of its activities in Vietnam, 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- I. ASAP grants to support the TCC rescue and Vietnamese Pond Turtle research in central Vietnam. Budget is $20,000.00 for l year from June 2023 to May 2024. 2. US Fish and Wildlife Service (USFWS) the project "Conservation of critically endangered tortoises and freshwater turtles in Vietnam" had a duration of 36 months from March 2022 to February 2025. The total budget is $335,232.00. The project location is throughout Vietnam and to date, 31st of August 2023. 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 was allocated for the period to date (31 August 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. 4. Critical Ecosystem Partnership Fund ICEPF) 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 2023), the disbursement is $111,649.02. 5. Cleveland Metroparks Zoo (CMZ) Core support for turtle conservation in Vietnam.. with the duration of 12 months, from January 2022 to December 2022, the project will contribute a total budget of $54,950. Activities are focused across Vietnam and support core costs. From January 2023 - December 2023, a further $96,574 was provided from the grantee, part of this payment, $35,094 arrived in December 2023 outside of this fi.nancial reporting period. 6. World Wildlife Foundation (WWF) - provide support for two surveys in Nghe An Province and Hue Province in the search for the Saola. The total budget is $40,000 from April 2023 to February 2024. 7. Other support from private donors and small grants include: Rewild $29,993.00, ZSL $16,100, CEPF Laos Small grant 20,000.00, Dublin Zoo £3,000.00
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Overview period 1st September 2022 - 31st August 2023 During this project period there have been significant developments in terms of project activities, in particular the expansion of work in central Vietnam for the critically endangered Indochinese Box Turtles and Vietnamese Pond Turtle, with awareness and research activities carried out. Progress has been made in the development of a conservation breeding centre in Bach Ma National Park for a range of highly threatened wildlife species. The rescue and release of involving the Turtle Conservation Centre (TCC) in Cuc Phuong National Park continue to be a significant output for the organisation. Throughout work, we have continued to maintain and create new working partnerships that are important for achieving our goals of conserving species throughout the region. Challenges The high workload and remote locations of some of our project 51tes means that many of our staff have considerable time in the field completing activities, as a small conservation organisation we often work on a limited financial budget Which prohibits us from employing additional staff, which many of our projects would greatly benefi't from. We will continue to fund and seek new channe15 through which to improve our capacity. Some proposals, such as those to DEFRA in the UK, we're not successful and we will look to improve on such application in the future. The death of the Dong Mo Lake Swinhoe's Softshell Turtle in April 2023 was a Significant below to the conservation of the species, being one of only three animals known globally, well this was devastating. We will continue to undertake surveys to try and confirm animals at additional sites. Summary of Project Activities New Partner5hips.' Our involvement in the development of a conservation breeding rescue centre in Bach Ma National Park, central Vietnam, Which will include a component on the critically endangered Bourret's Box Turtle, I meant, we have developed a good working partnership with the national park, WWF and Re.. wild for this project. Members of our team have also been undertaking wildlife camera trapping surveys for WWF, an area of work we are expanding into. Resources produced during this project period included Publications.. Three scientific publications were produced in collaboration with our partners.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Events and A warene5S Presentations by the IMCIATP team were made at a number of events, including the 5th National Scientific Conference on Herpetology in Vietnam, at National Universities and as part of online seminars on conservation. Staff from our Rafetus project worked with the c film company from Vietnam to produce a piece on Rafetus conservation in Vietnam. Filming by vrv2 At the TCC aired on national television. Our also team worked with a German film crew to visit Vietnam's highest mountain forest to film amphibians for a wildlife documentary. In October 2022 the ATPIIMC collaborated with a partner NGO, PanNature To promote a joint publication produced in 2021 on trade in TFT in Vietnam with over 30 participants from various NGOS, Newspapers and government departments participating. At least 18 newspaper publications were produced as a result of this activity. 1,000 Copies of the Trade report were printed. On the 13th of April 2023 a delegation from the UK Embassy in Vietnam and the UK Minister for the Environment, Teresa Coffey, visited the TCC in Cuc Phuong National Park and met with a team from the ATPIIMC to discuss TF[ conservation as part of her Vietnam trip. Comn7unity Engagement School programs were held around priority Rafetus sites for 690 pupils from three secondary schools. While in central Vietnam school programs were held in 2 secondary schools in Thua Thien Hue Province for 158 students, 70 students Phu Yen, school libraries, 100 books for Bourret's Box Turtle, and in South central Vietnam school programs for the Southern Vietnam Box Turtle involved 200 students. Signboards were designed and placed at 8 locations in Phu Yen province to raise the awareness to 2 priority species, the Vietnamese Pond Turtle and the southern Vietnamese box Turtle with 56 individuals from the local community involved in community meeting activity at the same time. Annual no hunting agreements were signed with 46 fishermen along with Hanoi Fisheries department and FPD for Dong Mo Lake, Hano for the Swinhoe's Softshell Turtle. In central Vietnam community meetings were held for over 380 Participants from six villages in Nghe An Province to raise awareness to priority species. At the same time 4 school programs were held for 448 students. These activities focused on the Big-headed Turtle and Indochinese Box Turtle occurring in Pu Mat National Park.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Training A variety of different training artivities have been undertaking throughout the year, these include for awareness and training of partner NGO, Student training to encourage future conservation biologist and enforcement training for government partners and wildlife protection agencies. We have also taken the opportunity to have our stuff involved in training to improve the technical and management skills. Some of the training that we have been involved include.. Enforcement training co-hosted by WCS and FPD for region 3 (14 cities and provinces in southern Vietnam), with 30 participants from FPD and environmental police. Additional training was held in partnership with the Vietnam University of Forestry in Khanh Hoa Province for 33 officials from two provinces. An annual, 8 day, Tortoise and freshwater Turtle field skill training course was held for 10 participant Universities from across Vietnam in Cuc Phuong National Park. The project in Vietnam has supported a number of different international visits as part of training and exchange programs with international experts from the zoo and conservation community. Staff from Vietnam program have been involved in a range of different training programs including first-aid, use of drones, use of ultrasound equipment amongst others. 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.. Surveys.. Field Surveys in Nghe An Province focused on the Bigheaded Turtle (Platy5ternon megacephalum) and Four-eyed Turtle (Sacalia quadriocellata) with aquatic trapping and eDNA producing good results. Interview surveys have been condutted in the northern Vietnamese provinces of Lai Chau and Cao Bang provinces. staff of IMC I've been involved with camera trapping for mammals at a number of sites in partnership with other NGOS, 161 camera traps were used.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Swinhoe's Softshell Turtle Pmject 13 days of interview surveys were completed focused on the species during the projert period in one North central province with a focus on eight lakes, with intensive site monitoring at new sites taken place over three months. Aquatic trapping surveys were undertaken in Dong Mo Lake, Hanoi, for Swinhoe's Softshell Turtle during this project period. Camera taps have been set up on the number of artificial basking platforms for the species and staff have been trained in the use of drones for arial surveys. In April 2023 a large Rafetus swinhoei was found dead in the lake from unknown causes. A significant blow to this species for which only 3 living animals were identified. Vietnamese Pond Turtle Project A local threat assessment for the Vietnamese Pond Turtle (Mauremys annamensis) was made in central Vietnam around priority habitat. Nine days of interview surveys were condutted in Binh Dinh province, focused on the Vietnamese Pond Turtle to review historical data on potential sites for the species in the area. Sites were reviewed in Binh Dinh Province For a potential conservation breeding centre. Aquatic trapping and environmental DNA surveys were completed in central Vietnam at number of sites for the species With attitude awareness question our serve is completed at the same time. Indochinese Box Turtle Project A threat assessments were undertaken for the Southern Vietnamese Box Turtle (Cuora picturata) in central Vietnam, with baselines surveys completed to monitor impacts or awareness artivities. Interview and field surveys were also completed in the believed south of the species geographic range in Vietnam. Rescue centre support 151 turtles have been released during two release events. While the TCC and ATPIIMC have worked to resuce 223 TFT from 9 confiscations from across Vietnam. Staff from the ATP/IMC were involved in CITES meetings within Vietnam to support proposals for up- listing of species within CttES. The ATP/IMC Has been working with Partnership along with the NGO WWF and Re'.wild and Bach Ma National Park To develop designs and plans for a multi taxa conservation breeding centre in the national park in Thua Thien Hue province. At the TCC a New quarantine cage area has been constructed as well as six new enclosures for black breasted leaf turtles. Cleveland Metroparks Zoo Support of ATP/IMC Core activities, staffing and running costs, support of annual student field skills training course, support for artivities at the Turtle Conservation Centre (TCC) or Cuc Phuong National Park and other turtles and freshwater turtle rescue and release activities at sites throughout Vietnam.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Financial Review Review of the charity's financial position at the end of the period During the year total income amounted to £365,477 and expenditure for the year totalled £279,161, making a net surplus for the year of £86,3 16 before exchange rate differences. £7 1,400 after gain in exchange. At the balance sheet date, the Charity had total funds of £247,467. Uncommitted reserves freely available for charitable activities were £210,921. 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. 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.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Descrlptlon 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 conservation and research activities for Tortoise and Freshwater Turtle {TFt) species 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. Within Vietnam the charity has a number of partnerships, these include with Cuc Phuong National Park, Ninh Binh Province to co-manage the Turtle Conservation Centre (TCC), with Bach Ma National Park, Thua Thien Hue Province, WWF and Re'.wild to support the development of a wildlife conservation breeding centre, with Easo Nature Reserve, Dak Lak Province, Pu Mat National Park, Nghe An Province and DONRE of Phu Yen Province for biodiversity monitoring and community awareness, with London Zoological Society (ZSL) for the conservation of threatened amphibian species and Ha Noi Fishery of Ha Noi city, WCS, CRES and the Turtle Survival Alliance (TSA) for the conservation of the Swinhoe's Softshell Turtle. The organisation has also undertaken a number of awareness and training artivities in Lao PDR in recent years, with these activities supported through partnerships with Laos Zoo (LWC) and Laos National University. How the charity is constituted The organisation is a charitable company limited by guarantee, incorporated on l August 2008 and registered as a charity on I October 2008. Trustee selection methods At the year-end there were three trustees, all of whom are fully including details of any constitutional provisions committed to the success of the Charity. Two are based in the UK and e.g. election to post or one in the US. One of the UK trustees also works for ATPIIMC based name of any person or in the UK with some months spent in Vietnam. Any future trustees body entitled to appoint would be recruited, selected and appointed following best practices and one or more trustees having regard to Charity Commission Guidance in this regard. All trustees undertook an initial briefi'ng and induction programme. Any future trustee would undergo a similar induction progrdmme. The trustees fully understand the importance of operating to the highest standards of corporate 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 trustee prepares and circulates to the other trustees an update on IMC'S field activities, financial status, and legal and administrative matters. 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 Articles of Association. Any expenses reclaimed from the charity are set out in note 7 to the financial statements.
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 Reference and Administration details Charity's Full Name: Indo-myanmar Conservation Other names the charity is known by: Asian Turtles Project Charlty's prlnclpal address: 15 Lime Walk, Ripon, HG4 2NF Names of the trustees who manage the charity Trustee name Office (if any) Dates acted if not whole year Name of person entitled to appoint trustee rimothy McCom)ack Douglas Hendrie Dr. Diana Bell Names and addresses of advisers Type of advisor Name Address Independent Examiner Karen Wood ACMA, Outsource Accountancy Services & Independent CGMA Examinations Hiscox Building, Peasholme Green York, YOI 7PR
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 rustee responsibilities in relation to financial statements Company law requires the directors (trustees) to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the income and expenditure of the company for the year. In preparing those financial statements, the directors (trustees) are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles of the Charities SORP Make judgements and estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue on that basis. The directors (trustees) are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements compy with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Members of the Board of Trustees, who are Directors for the purpose of company law, and Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 5. Disclosure of information In so far as the Trustees are aware.. There is no relevant information of which the Charity's Independent Examiner is unaware; -The Trustees have taken the necessary steps to be aware of the information, which would be relevant for independent examination purpose5 and have communicated them to the independent Examiner. Exemptions The trustees have taken advantage of the exemption available to small companies, including the audit exemption (as detailed on the balance sheet). 10
lndTrMyaril Conservation Indo-myanmar Conservation (Charlty Number 11261231 Report of the trustees for the year ended 31st August 2023 |Declaration This report was approved by the Board of Trustees Signed on behalf of the charity's trustees Slgnature Full Name lirfoTA7 fFGRrrFK.................................................................................................. DIP£Lia£ IrKfrIf..................................................................................................... Position Date 11
Indo-myanmar Conservation (Charlty Number 11261231 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 2023 Which are set out on pages 13-25 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.. accounting records were not kept in respect of the Trust as required by sertion 386 of the Act; or the accounts do not accord with those records the accounts do not comply with the accounting requirement5 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 or the accounts have not been prepared in accordance with the method5 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). 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. Jo 1410712024 Karen Wood ACMA, CGMA Outsource independent examination service The Hiscox Building Peasholme Green York YOI 7PR Date 12
Indo-myanmar Conservation (Charlty Number 11261231 statement of Financial Activities for the year ended: 31st August 2023 Note Unrestricted Restricted funds funds 2023 Total 2022 Total Income Donations and grants 107,691 256,177 363,868 245,400 Investment income io Other income 1,606 1,606 920 Total income 109,300 256,177 365,477 246,330 Expenditure Note Charitable activities 56,463 222,698 279,161 325,601 Total expenditure 56,463 222,698 279,161 325,601 Net incoming/(outgoing) resources before transfers 52,837 33,479 86,316 (79,271) Gross transfers between funds (4,181) 4,181 Net incoming/(outgoin other recognised gains resources before losses) 48.656 37,660 86,316 {79.271) Other gains/(losses) Foreign exchange (15,017) ioi (14,916) 34,523 Net movement in funds 33,639 37,761 71,400 {44,748) Total funds brought forward 177,282 11,215) 176,067 220,815 Total funds carried forward 210,921 36,546 247,467 176,067 13
Indo-myanmar Conservation (Charlty Number 1126123) Balance sheet as at: 31st August 2023 Note 2023 2022 Fixed assets Tangible assets 5.815 7.004 Total fixed assets Current assets Cash at bank and in hand 191,142 177,036 Debtors and prepayments 63,408 Total current assets 254,550 177,036 Current liabilities: amounts falling due within one year Creditors and accruals io 12,898 7,973 Net current assets/liabilities 241,652 169.063 Net assets 247,467 176,067 Funds of the charlty Unrestricted Funds (General) li 210,921 177,282 Restricted Funds li 36,546 1,215 Total funds carried forward 247,467 176,067 The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Art 2006 {the Art) relating to the audit of the h"nancial statements for the year by virtue of settion 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The directors (trustees) acknowledge their responsibilities for.. ensuring the company keeps accounting cordS which comply with Sections 386 and 387 of the Cornpanies Act 2006,. and pparIng fi.nancial statements which give a true and fair view of the state of affairs of the ujmpany at the end of ead) financial year and of its profi't and loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements Df the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepad in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standards for Smaller Entities leffertive April 2008). The financial statements were approved by the trustees and signed on their behalf by.. Name: fin rfthrar Signature: I Date: 1s/s_l /* Position: Trustee 14
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 l. Basis of preparation 1.1 Basls of accountlng The financial statements are prepared under the historical c05t 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 and endowments Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when.. the charity becomes entitled to the resource5; receipt is probable. and the monetary value can be measured with sufficient reliability. Incoming resources 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 evidence of entitlement to the resources and receipt is probable. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. 15
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 Expenditure and liabilitles 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 Charitable artivities 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. Foreign currencies Assets and liabilities in foreign currencies at the year-end have been converted into UK Sterling atthe rate of exchange applicable at the date of the Balance Sheet. Transactions in foreign currenciesduring 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 restritted 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 | 330/0 Reducing balance 16
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 Income Unrestrlcted Restrlrted Total 2023 Unrestrlcted Restrlrted Total 2022 funds 2023 funds 2023 funds 2022 funds 2023 3.1 Donations and grants Grants 107,554 256,177 363,731 110,172 132,236 242,408 Donations and legacies 137 137 2,992 2,992 107,691 256,177 363,868 113,164 132,236 245,400 3.2 Investment Income Interest io io io io 3.3 Other income Misc. income 1,606 1,606 920 920 Total income 109,300 256,177 365,477 114,094 132,236 246,330 17
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 Expenditure Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022 funds 2023 funds 2023 funds 2022 funds 2023 4 Charitable activities Accomodation & subsistance Bank charges 645 1,747 1,747 3,109 3,754 13 749 762 336 387 723 Communications 71 2,542 2,613 579 1,816 2,395 Equipment 615 3,390 4,005 384 5,372 5,756 Food 4,885 4.885 1,525 6.365 7,890 Local counterparts 2,255 2,255 910 910 Repairs, maintenance & service fees Sundry 2,745 2,745 49 10,134 10,183 18 17 35 43 945 988 Office & admin overheads 1,084 1,086 411 411 Prof fees 3,214 23,299 26,513 2,366 21,791 24,157 Rent 8,076 8,076 7,005 7,005 staff 64,303 101.084 165.387 43,532 137,756 181,288 Supplies 2,935 12,823 15,758 495 35,888 36,383 TCC foodlrescue Transport & travel 854 854 3,869 3,869 226 39,306 39,532 3,234 33,984 37,218 Overhead contribution (17,842) 17,842 (12,702) 12,702 Depreciation 2,908 2,908 2,671 2,671 Total charitable activities 56,463 222,698 279,161 43,157 282,444 325,601 Total expenditure 56,463 222,698 279,161 43,157 282,444 325,601 18
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 5. Expenses & fees 5. 1 Trustee expenses No Trustees were paid expenses in the current or previous year. 5.2 Trustees fees Timothy Mccormack, 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 £30,750, from the charity (2022-£31,517} 5.3 Fees for examination or audit of the accounts 2023 2022 Independent Examiner's fees for reporting on the accounts 900 850 other fees paid to the Independent Examiner 1,000 950 1,900 1,800 6. Staff costs 2023 2022 staff costs comprise: Wages and salaries 143,342 158,081 Employers National Insurance 21,149 22,415 Employers pension contributions 896 792 165,387 181,288 No employees received in excess of £60,000 (2022 - none) Average number of employees 19 (2021 22) The key management personnel of the charity are the trustees and the programme director. 19
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 7. Fixed Assets 7.1 Tangible fixed assets Equlpment Total Cost or valuatlon At 1st Sep 2022 765 Additions in year At 31st Aug 2023 765 Depreciation At 1st Sep 2022 291 Charge for the year 192 At 31st Aug 2023 483 Net Book Value At 31st Aug 2023 282 At 31st Aug 2022 474 Unrestricted fund$ Restricted funds Total 2023 Total 2022 8. Cash at bank and in hand VND Bank 653 653 773 USD Bank 148,455 36,546 185,001 157,279 Euro Bank 4,885 4,885 16,358 VND Cash 36 USD Cash 745 GBP Cash 603 603 1,845 154,596 36.546 191,142 177.036 20
Indo-myanmar Conservation (Charlty Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 9. Debtors & prepayments 2023 2022 Analysis of debtors falling due within one year Accrued income 56,915 staff advances 6,493 Total 63,408 10. Creditors and accruals 2023 2022 Amounts falling due within one year Creditors 1,082 Accruals 11,374 9,315 11.374 10.397 11. Analysls of funds 11. l Movement of major funds 2023 Balance bl fwd Incomlng Outgolng (lossl galn Transfers Balance c/ resources resources on exchange fwd Fund Name Unrestricted Funds General unrestrirted funds 177,282 109,300 56,463 (15,017) (4,181) 210,921 177,282 109,300 56,463 (15,017) (4,181) 210,921 21
Indo-myanmar Conservation (Charity Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 Balance bl fvid Incoming resources Outgoing (loss) gain Transfers Balance cl resources on exchange fwd Restricted Funds USFWS 4,679 47,336 87,905 (393) (36,283) Full Circle (51,127) 94,605 41,467 4,290 6,301 CEPF 31,313 57,123 65,488 {2,628) 20,320 WWF 22,673 16,407 6,266 Thrigby Hall 1,231 3,636 (103) 2,508 Segre Fondation 15,152 659 { 1,272) 13,221 MKW (2,463) 2,347 207 191) TSA 1,764 1,764 ASAP 8,431 1,070 7,361 Rewild 23,662 4,302 19,360 (1,215) 256,177 222,698 ioi 4,181 36,546 Total Funds 176,067 365,477 279,161 (14,916) 247,467 A transfer has been made from Unrestrirted to TSA and also to Thrigby Hall due to an error transferring the funds last year, believing the funds to have ceased when infart more expenses were to go through. The funds in negative balance are receiving more funding in the next financial year. 22
Indo-myanmar Conservation (Charity Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 2022 Balance b/ fwd Incoming resources Outgoing (loss) gain Transfer5 Balance cl resources on exchanoe fwd Fund Name Unrestricted Funds General unrestritted funds 84,582 114,094 43,157 9,401 12,362 177,282 84,582 114.094 43.157 9,401 12,362 177,282 Balance bl fwd Incoming resources Outgoing (loss} gain resour¢es on exchange Transfers Balance cl fv•d Restricted Funds MANNA (11,539) 11,196 4,885 (2,128) 7,356 USFWS 28,623 40,519 69,741 5,278 4,679 SLZOO 2,598 479 (3,077) Full Circle 49,016 109,182 9,039 (51,127) CEPF 2014-2017 $150,000 35,117 53,092 63,372 6,476 31,313 WWF 163 30 (193) Thrigby Hall 3,901 3,389 719 1,231 Segre Fondation 16,882 15,878 13,365 3,113 (7,356) 15,152 WCS JT grant Phu Quoc 3,092 570 (3,662) MKW (3,183) 11,551 10,244 (587) (2,463) BTGF 3,230 3,637 596 (189) TSA 8,333 4,629 1,537 (5,241) 136,233 132,236 282,444 25,122 (12,362) (1,215) Total Funds 220,815 246,330 325,601 34,523 176,067 11.2 Transfers between Funds The transfer between funds represents the slight underspend being released into unrestrirted ftjnds to end the projert with the permission of the funder, or a slight overspend being made up from unrestricted funds. 23
Indo-myanmar Conservation (Charity Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 11.3 Restricted Funds USFWS US Fish and Wildlife Service (USFWS) - the projert"Conservation of critically endangered tortoises and freshwater turtles in Vietnam" had a duration of 36 months from March 2022 to February 2025. The total budget Is $335,232.00. The project location is throughout Vietnam and to date, 31st of August 2023. Full Circle 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 was allocated for the period to date (31 August 2022). Funds from the grantee support work in Son Tay district (from Hanoi city), Deo Ca area (from Phu Yen pmvince) and Cuc Phuong National Park, Ninh Binh Province. CEPF Critical Ecosystem Partnership Fund (CEPF) - Provided sUPPOrt to a nge 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 2023), the disbursement is $111,649.02 WWF To provide support for two 5urvey5 in Nghe An Provin and Hue Province in the search for the Saola. The total budget is $40,000 from April 2023 to February 2024. Thrigby Hall Long term support for tortoise and freshwater turtle conservation attivities in Vietnam Segre Fondation Developing viable release strategies for rehabilitated and endangered Big-headed turtles in Vietnam MKW IUCN Mekong Wet grant for artivities 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 habitst with climate change impart modelling and discussion, socioeconomic surveys with vulnerability assessments for the species and habitats using specific VA tools. 24
Indo-myanmar Conservation Icharity Number 11261231 Notes to the Accounts for the year ended: 31st August 2023 TSA Turtle SuNival Alliance - funding provided to support the construction of a new secure cage with heated indoor areas for the critically endangered Southern Vietnamese Box Turtle (Cuor? picturata) at the Turtle Conservation Centre (TCC) in Cuc Phuong National Park, Ninh Binh Province ASAP Provided sUPPOrt for habitat assessments in central Vietnam in critical habitat for the endemic Vietnamese Pond Turtle as part of preparations for a re-introduction TCC Rescue, supported the rescue and rehabilitation of threatened from three provinces in Vietnam, with support for some holding facilities and genetic screening for animals. Rewild Provided funds as part of an IUCN TFT Specialist Group funded activity to organise a workshop for the Swinhoe's Softshell Turtle and produce associated reports 12 Net assets between funds Unrestricted funds Restrlcted funds Total 2023 2023 Fund balances at 3 1st August 2023 Fixed assets 5,815 5,815 Current assets 218,004 36,546 254,550 Current liabilities { 12,898) (12,898) 210,921 36,546 247.467 2022 Fund balances at 3 1st August 2022 Fixed a55ets 7,004 7.004 Current assets 178,251 (1,215) 177,036 Current liabilities {7,973) (7,973) 177,282 1,215 176,067 13 Transactions with related parties No related party transactions were undertaken during the year, nor in the previous year. 25