## **Indo-Myanmar Conservation** **(A Company Charity Limited by Guarantee)** **Annual Report and Financial Statements for the year ended** ## **31st August 2024** **(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 2024** **From:** 1st September 2023 **To:** 31st August 2024 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 2024. 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 ASAP grants to support the TCC rescue and Vietnamese Pond Turtle re-search in central Vietnam. Budget is $20,000.00 for 1 year from June 2023 to May 2024. - 2 US Fish and Wildlife Service (USFWS) - the project “Conservation of critical-ly 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 2024 the disbursement is $145,566. - 3 Full Circle Foundation - Conservation of critically endangered tortoises and freshwater turtles in Vietnam, for three years, from February 2024 to Janu-ary 2027, total budget is $300,000.00. A contribution of $100,000 was re-ceived for the period to date (31 August 2024). Funds from the grantee support work in Son Tay district (from Hanoi city), Deo Ca area (from Phu Yen province) Easo Nature Reserve (from Daklak Province) and Cuc Phuong National Park, Ninh Binh Province. 1 ## **Report of the trustees for the year ended 31st August 2024** - 4� Critical Ecosystem Partnership Fund (CEPF) - Provided support to a range of species-focused project field activities and staffing costs. The project total budget is $200,060.00 over a three-year period from July 2021 to June 2024. To date (31 August 2024), the disbursement is 180,054.00USD - 5 Cleveland Metroparks Zoo - Core support for turtle conservation in Vietnam: With a duration of 12 months, from January 2023 to December 2023, the project will contribute a total budget of 90,014 USD. Activities are focused across Vietnam and support core costs. From January 2024 – December 2024, a further $83,597 USD was provided from the grantee, part of this payment, $28,642 USD arrived in December 2024 outside of this financial reporting period. - 6 WWF – provide support for two surveys in Nghe An Province and Hue Prov-ince in the search for the Saola. The total budget is $40,000 from April 2023 to February 2024. WWF also provides $23,800USD from September 2023 to May 2024 to develop and implement viable conservation strategies for securing long-term viable wild populations of highly threatened species through assurance populations and rewilding in Viet Nam - 7 7�Other support from private donors and small grants include: ReWild $29,993.00, ZSL $11,614.59, CEPF Laos Small grant $20,000.00, Zoologi-cal Society of Philadelphia $482.32 ## **Overview period 1st September 20213- 31st August 2024** During the project. We have continued to maintain core program activities to focus on priority species, the critically endangered Indochinese Box Turtles and Vietnamese Pond Turtle, and the Swinhoe’s Softshell Turtle. 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 TFT 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 TFT species throughout the region. Our activities in Lao PDR have increased during this project period and we hope to develop ## **Challenges** Maintaining staffing and continuing a high workload remains a challenge for IMC/ATP, we are thankful for a small, dedicated team. But we are aware that in the long term, we need to secure additional funding to support additional staff to allow us to maintain activities at the current or potentially greater capacity. ## **Summary of Project Activities** ## New Partnerships 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. ## Events & Awareness: We have continued to work with National and International media, including television and newspapers to promote our activities and turtle conservation. ## Community engagement Give me the activities have continued, with threat assessment and post awareness activity questionnaires completed around areas for the Southern Vietnam Box Turtle (Cuora picturata). A number of community activities were completed during this project period, including your school programs held around Dong Mo Lake for the Swinhoe’s Softshell Turtle in March 2024, which involved 423 pupils from 5 schools surrounding the lake. ## Training: In general, we have continued to provide numerous opportunities for national Vietnamese staff to participate in training programs and exchanges. We are increasingly providing training opportunities for other organisations, NGO, and government staff with skills that we specialising as an organisation. Including field research, and Rescue release of TFTs. In March 2024, an interview survey was undertaken in Sekong Province, Lao PDR, focused on the Asian Giant Softshell. This survey was in partnership with the Lao National University and a student who had participated in the field skills training course. In March 2024, staff from the ATP/IMC I’ve also received training on DNA extraction and PCR techniques, supported by the Hanoi University of Science and the Centre for Resources and Environmental Studies (CRES). In April 2024 IMC/ATP held its 19th annual Tortoise and Freshwater Turtle Field Skills Training Course in collaboration with Cuc Phuong National Park, Vietnam. .With 13 participants from universities across Vietnam, as well as staff from national parks and a government rescue Centre. 2 **Report of the trustees for the year ended 31st August 2024** ## 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. ## Surveys: ## Swinhoe's Softshell Turtle Project Monitoring has continued at priority Lakes surrounding Hanoi and in additional provinces throughout this reporting period. We have also collaborated with the Me Linh Biodiversity Centre for the release of 50 Pelodiscus variegatus at one site. Interview surveys were conducted in Lai Chau Province for the Swinhoe’s Softshell Turtle and other species during November and December 2023. While in December 2023 additional interview surveys were also conducted in Lao PDR, Xieng Khouang and Houa Phan Provinces, in collaboration with some students who had participated in our Lao PDR field skill training course. In June 2024 we collaborated with Hanoi Fisheries Department and WCS to conduct her awareness campaign to distribute information, including awareness posters, information documents in 8 commune surrounding key Swinhoe’s Softshell Turtle habitat in the Hanoi area. In June 2024 we had the first eggs laid on the artificial nesting beach built in Dong Mo Lake, with Pelodiscus variegatus hatching in July. ## Vietnamese Pond Turtle Project In October 2023, field surveys were conducted using aquatic trapping and habitat mapping as part of plans for a future reintroduction project. Additional surveys were also completed in July 2024. ## Bourret’s Box Turtle Project In January, March and April 2024 field surveys were completed in Sao La Nature Reserve, Thua Thien Hue Province and Quang Nam Province. ## Rescue centre support In Cuc Phuong National Park, Ninh Binh Province we have completed the construction of a new 150m2 enclosure for sub-adult Vietnamese Pond Turtles. In October 2023 and new incubation chiller was constructed for TFTs at the Turtle Conservation Centre In September 2023, releases of two groups of turtles were undertaken in Xuan Lien Nature Reserve and Bach Ma National Park, Thua Thien Hue Province, in partnership between the protected areas, Cuc Phuong National Park Turtle Conservation Centre and Soc Son Rescue Centre, Hanoi. In April 2024 a new large pond enclosure for constructed for a large Asiatic Giant Softshell Turtle (Pelochelys cantorii) rescued from the illegal wildlife trade at the TCC. ## Bach Ma Conservation Breeding Centre Throughout much of 2023 and 2024, we have coordinated with the Re:wild, WWF, and Bach Ma National Park teams to design and plan the construction of the new Bach Ma Conservation Breeding Centre. We have continued to work with the health screening, and processing of TFTs for release from other rescue centres, including Soc Son, Hanoi. ## **Other Activities** Our staff have also been participating in camera trap surveys in partnership with other NGOs, which includes the setting and retrieving of camera trap data for analysis In September 2023 and March/April 2024, the field survey was completed in Hoang Lien National Park, Lao Cai Province in partnership with ZSL and focused on amphibians ## **Financial review** ## **Review of the charity’s financial position at the end of the period** During the year total income amounted to £280,151 and expenditure for the year totalled £265,147, making a net surplus for the year of £15,004 before exchange rate differences. £13,622 surplus after loss in exchange. At the balance sheet date, the Charity had total funds of £261,089. Uncommitted reserves freely available for charitable activities were £221,552. ## **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 2024** ## **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
2 Galligap Lane, Osbaldwick
York, YO10 3NR
**Independent**
**Examiner**||| 4 Report of the trustees lor tho yoar endod 31st AuguBt 2024 Try•ts• mpon•lbllltl•• In mknllon to IIMn¢i•l •t•tsrnnl• CompMy law requhi Iho dkeclorn IlrualaeBI kn wèporfj IknvAKllll h)1 egch lknwK*al yogr. whk*b 8 Iwe oThJ 18lr vlrm ol tho 61010 of aflglr5 of the compAny and ol the Income ol crynpany f(Y tho yaor. Ihcw lknondol $lnlomonl•, Iho dlreclors Itrusleo$l aro Tequlrod to.. - Selecl aecounttho Bnd Ihon appty Ihem consbtethi.. - Obsorvo Ihe molhLNJi and ￿nd￿08 ol Ihe Choillb)• SORP . Wka ILKi9emoiit6 and •sllm8leB Ihat are rea￿￿&blO br¥J W￿￿1., . Slale whol￿r Appl*otskn accounllna St81￿ar￿8 I1#}￿ LW¥li •ut4ect ￿ Atry dopwtw•J dlsck)Jod and expL91ned In Iho flnon¢lo181ol¢monl8: - Preparr the flnBncllll $18ternwl$ oil tho corKem unlu• It l• knjpprDW￿ts ￿ pmumo Ih81 the crmpany wlll IhAI bo*. The dlr¢clors Itwsknis) aro rn$kYJnslblo fr)r keetlno PfOF•r Jc¢ounllng r•¢crfdi whk* dl•cb)•o wllh rtownBbl• 8ccur8cy 418rry Ilrn• tho nnAndal kX)sItK)n ol Ihe company and to onAbL* Ih•n lo 8n8ure th81 tho flnBndal 81olem9nts wllh the Cofflpanloi kl 2006. Th•y are also rnsponSIb￿ frjr sa￿u8[dIng lh• 868el8 ol lh& company fjnd hence ts tyklng Stops ILY Ihg prn¥ontlDn 8rHI delectknn ol fraud 8n¢J other brre0ul81it￿s. Mombws ol Ihe Bogr¢ ol Trusle88, w￿1 4re D*eclors the ￿rpo￿ olcompony IwAt. ￿1 Tru•t••i lor lh8 olchadty Iw, seTrte(I durfno Ihe y68r and up to Iho dat• of lh￿ rew1 wo let on poog 5. Dh¢lo•ur• of Inlorniatlon In so lar as (he Tnjsiees are awar•: - Th￿9 Is ￿ reK8V8nl InfonnBlbn olwhkh lh• Chwltykn Indep￿denl Ex8mlw h unowgrn.. .Th• Tru$iees havè ￿￿en the nOce&￿ry Steps to be vrtar• ol the Inltymauon, whkh wwkl bg rnknnl *>r IT￿pOndon1 gxAmlr•lbJn purp)ses 8ntt have comnMJnk8t•d Ihem lo Iho I￿1¥￿￿1¢nI EyAnkner. Ex•mpllon• Tho Irusletss hovè tskon gdv8ntag• oflha a￿1•blo lo th• eM•mMknI las delalkryd on Ihe bgLan¢• shfjg11. Thh rnport •pprn￿d by th• ol Tn￿t••1 Slgn•d on b•h*l101 th• ¢h•rW• truiitt• Slgn•tur• Full N*m• Poslllon D•t• **Independent examiner’s report to the trustees of Indo-Myanmar Conservation** ~~OO~~ I report on the accounts of: **Indo-Myanmar Conservation** for the year ended: **31st August 2024** 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** ## **The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Chartered Institute Of Management Accountants.** 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)** 28/05/2025 ~~ee~~ **Date:** Outsource independent examination 2 Galligap Lane Osbaldwick York YO10 3NR 6 ## **Indo-Myanmar Conservation** (Charity Number: 1126123) (Registered Company Number: 06662240) ## **Statement of Financial Activities for the year ended: 31st August 2024** |**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**
**£**
84,053
22
125|**Restricted**
**funds**
**£**
195,951
-
-|**Total**
**2024**
**£**
280,004
22
125
**280,151**
265,147
**265,147**
**15,004**
-
**15,004**
(1,382 )
**13,622**
247,467
**261,089**|**Total**
**2023**
**£**
363,868
3
1,606| |---|---|---|---|---|---| |||**84,200**|**195,951**||**365,477**| |||72,956|192,191||279,161| |||**72,956**|**192,191**||**279,161**| ||||||| |||**11,244**|**3,760**||**86,316**| |||(508 )|508||-| |||**10,736**|**4,268**||**86,316**| |||(105 )|(1,277 )||(14,916 )| |||**10,631**|**2,991**||**71,400**| |||210,921|36,546||176,067| |||**221,552**|**39,537**||**247,467**| 7 Indo-myanmar Conservatlon {Charity Ntrnbef 11281231 (Registered Company Number 08e822401 Balance Sheet as at: 31st August 2024 2024 2023 Flxed Assets Tangibfe assets Total Flxod Auets Current assets Cash al bank and in hand Debtors & Pwa￿entS 243.303 191,142 Total current a880ts 280,232 CUr￿nt IlablllllOS: amounts laiiing due within one year Creditors & accruals Not current as8etsl(15abllltles) 10 12,898 241,652 268,282 Net assets 261.089 247A67. FurKls of ￿ Charlty UnrestriGted Funds 11 221.552 210.￿21 Resthcled Funds 11 39,537 Totsl funds carried fornard 261.089 247A67 The trustees are satisfied that tre Coryany is entilled to exernpti￿ from Ihe pro¥isKJns ofthe Cryanw Act 20[￿ (the Act) relating lo t￿ audrt of the finanaal Ststeft￿nts for the year by vYlu¥ oi seLiKMI ép77, and that no Mern￿rs have requested an a￿$11 pursuant to seG*K)n 476 of the A The directors (trustees) ackn(Miled9e their responsbilitEs for. il ensurirvJ ts company keeps accountirKJ records which cAMpty with SedKmS 386 and 387 ofthe Cornpanies Ad 2(Th; and ii) preparing finan¢k?I stslements whth give a true and fair wew of the state of affairs of the cunpany. at the end ofeach financial year and of piofit and loss for each finanaal year in accordan￿ the requirements of Sedions 394 and 395 and which otherwise comply wrth the requirements of the CLKnpanies Act 20C6 relating to finanaal statenEnts. so far as applicable to the company. The financial Stalen￿nts have been prepared in accordan￿ with ts S￿la1 prOv￿10n$ of Part 15 of the Conyanies Acl 2[ relating to small conyanies and with the Financaal RepoitiThJ Stsndards for Sma￿er Entsties {effeclive April 2LK)8)- The financial statements were approved by the trustees and signed on their behaff by.. 81gnature Full Nama Po•lllon Oicoar Date ## **Indo-Myanmar Conservation** (A Company Charity Limited by Guarantee) ## **Notes to the accounts for the year ended:** ## **31st August 2024** ## **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** ## **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 2024** |**3.1**
**3.2**
**3.3**
Misc income
**Donations and grants**
Grants
**Total income**
**Income**
**Other income**
Donations
**Investment income**
interest|**Unrestricted**
**funds**
**£**
84,053|**Restricted**
**funds**
**£**
195,951
-
**2024**|**Total**
**2024**
**£**
280,004
-
**280,004**
22
**22**
125
**280,151**|**Unrestricted**
**funds**
**£**
107,554
137|**Restricted**
**funds**
**£**
256,177
-
**2023**|**Total**
**2023**
**£**
363,731
137| |---|---|---|---|---|---|---| ||**84,053**|**195,951**||**107,691**|**256,177**|**363,868**| ||22|-||3|-|3| ||**22**|**-**||**3**|**-**|**3**| |||||||| ||125|||1,606|-|1,606| |||||||| ||**84,200**|**195,951**||**109,300**|**256,177**|**365,477**| 11 **Indo-Myanmar Conservation** ## **Notes to the accounts for the year ended: 31 August 2024** |**4**
Depreciation
Accomodation & 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 salaries
supplies
TCC food/rescue
**Total charitable activities**
Transport & travel
Overhead contribution
Other staff expenses & benefits|**Unrestricted**
**funds**
**£**
-
3
675
-
1566
(1,620)
46
2,992
1,202
54,449
6,064
221
4,350
3,008|**Restricted**
**funds**
**£**
584
444
1,068
974
586
6
1,486
1,128
24,765
5,104
115,063
1,339
12,431
3,478
23,735
-
**2024**|**Total**
**2024**
**£**
584
447
1,743
974
2,152
-
6
(134 )
1,174
27,757
6,306
169,512
1,339
18,495
3,699
28,085
-
3,008
-
-
**265,147**
**265,147**|**Unrestricted**
**funds**
**£**
-
13
71
615
-
-
-
18
2
3,214
-
64,303
-
2,935
-
226
(17,842 )
2,908|**Restricted**
**funds**
**£**
1,747
749
2,542
3,390
4,885
2,255
2,745
17
1,084
23,299
8,076
101,084
-
12,823
854
39,306
17,842
-
**2023**|**Total**
**2023**
**£**
1,747
762
2,613
4,005
4,885
2,255
2,745
35
1,086
26,513
8,076
165,387
-
15,758
854
39,532
-
2,908| |---|---|---|---|---|---|---| ||**72,956**|**192,191**||**56,463**|**222,698**|**279,161**| ||**72,956**|**192,191**||**56,463**|**222,698**|**279,161**| 12 (A Company Charity Limited by Guarantee) ## **Indo-Myanmar Conservation** ## **Notes to the accounts for the year ended:** ## **31st August 2024** ## **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 £46,599, from the charity (2022-£40,937) ## **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
**Staff costs**|**2024**
**2023**
**£**
**£**
950
900| ||1,000
1,000| ||| ||**1,950**
**1,900**| ||| ||**2024**
**2023**
**£**
**£**
142,361
143,342
25,881
21,149
1,270
896| ||**169,512**
**165,387**| No employees received in excess of £60,000 (2023 - none) Average number of employees 19 (2023 - 19) The key management personnel of the charity are the trustees and the programme director. |**7**
**Cost or valuation**
At 31st August 2024
At 31st August 2023
Charge for the year
At 31st August 2024
**Depreciation**
**Fixed assets**
**7.1 Tangible fixed assets**
At 1st September 2023
Additions in year
At 1st September 2023
**Net Book Value**
At 31st August 2024|**Equipment**
**Total**
**£**
25,942| |---|---| ||**25,942**| ||20,127
3,008| ||**23,135**| ||| ||**2,807**| ||| ||**5,815**| 13 ## **8 Cash at bank and in hand** |VND Bank
USD Bank
Euro Bank
VND Cash
GBP Cash|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
9,955
-
9,955
653
181,569
39,537
221,106
185,001
5,659
-
5,659
4,885
6,001
-
6,001
-
582
-
582
603| |---|---| ||**203,766**
**39,537**
**243,303**
**191,142**| ## **9 Debtors and prepayments** |**Analysis of debtors falling due within one year**
Accrued income
Staff advances
**Total**
**Creditors and accruals**
**Analysis of creditors falling due within one year**
Accruals
Creditors
**Total**|**2024**
**2023**
**£**
**£**
14,678
56,915
2,251
6,493| |---|---| ||**16,929**
**63,408**| ||**2024**
**2023**
**£**
**£**
1,950
1,900
-
10,998| ||**1,950**
**12,898**| ## **10 Creditors and accruals** ## **11 Analysis of Funds** ## **11.1 Movement of major funds** |**2024**
USFWS
Full Circle
WWF
SL Zoo
ASAP
ReWild
**Fund Name**
**Unrestricted Funds**
General Unrestricted Funds
**Restricted Funds**
CEPF
Segre Fondation
**Total Funds**|**Balance**
**Incoming**
**Outgoing**
**(loss) gain**
**Balance**
**B/Fwd**
**Resources**
**Resourceson exchange**
**Transfers**
**C/Fwd**
210,921
84,200
72,956
(105)
(508)
221,552| |---|---| ||**210,921**
**84,200**
**72,956**
**(105)**
**(508)**
**221,552**| ||(36,283)
65,159
61,179
1,269
-
(31,034)
6,301
76,144
48,573
(220)
-
33,652
20,320
25,059
45,176
(711)
508
-
6,266
19,077
28,918
(219)
-
(3,794)
13,221
-
(462)
-
12,759
-
3,802
-
-
-
3,802
7,361
6,710
8,345
(257)
-
5,469
19,360
(677)
-
18,683| ||**36,546**
**195,951**
**192,191**
**(1,277)**
**508**
**39,537**| ||| ||**247,467**
**280,151**
**265,147**
**(1,382)**
**-**
**261,089**| The funds in negative balance are receiving more funding in the next financial year. USFWS Year 2 funds of $97,930 have not yet been received . Other funds arrive later than the account period pending reports approval from donor. 14 |**2023**
USFWS
Full Circle
CEPF
WWF
Thrigby Hall
Segre Fondation
TSA
ASAP
**Total Funds**
MKW
ReWild
**Fund Name**
**Unrestricted Funds**
General Unrestricted Funds
**Restricted Funds**|**Balance Incoming**
**Outgoing**
**Diff on**
**Balance**
**B/Fwd Resources**
**Resources**
**Exchange**
**Transfers**
**C/Fwd**
177,282
109,300
56,463
(15,017)
(4,181)
210,921| |---|---| ||**177,282**
**109,300**
**56,463**
**(15,017)**
**(4,181)**
**210,921**| ||4,679
47,336
87,905
(393)
-
(36,283)
(51,127)
94,605
41,467
4,290
-
6,301
31,313
57,123
65,488
(2,628)
-
20,320
-
22,673
16,407
-
-
6,266
1,231
-
3,636
(103)
2,508
-
15,152
-
659
(1,272)
-
13,221
(2,463)
2,347
-
207
(91)
-
-
-
1,764
-
1,764
-
-
8,431
1,070
-
-
7,361
-
23,662
4,302
-
-
19,360| ||**(1,215)**
**256,177**
**222,698**
**101**
**4,181**
**36,546**| ||| ||**176,067**
**365,477**
**279,161**
**(14,916)**
**-**
**247,467**| ## **11.2 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. ## **11.3 Restricted Funds** ## **USFWS** 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. ## **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 province) and Cuc Phuong National Park, Ninh Binh Province.B197 ## **CEPF** 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 2023), the disbursement is 111,649.02US ## **WWF** To 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. ## **Segre Fondation** Developing viable release strategies for rehabilitated and endangered Big-headed turtles in Vietnam 15 ## **SL Zoo** 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. ## **ASAP** - Provided support for habitat assessments in central Vietnam in critical habitat for the endemic - **∙** Vietnamese Pond Turtle as part of preparations for a reintroduction. - TCC rescue, supported the rescue and rehabilitation of threatened TFT 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** ## **2024** |Fixed assets
**2023**
Fixed assets
Current assets
Current liabilities
Current assets
Current liabilities
**Fund balances at 31st August 2021**
**Fund balances at 31st August 2024**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
2,807
-
**2,807**
220,695
39,537
**260,232**
(1,950)
-
**(1,950)**| |---|---| ||**221,552**
**39,537 261,089**| ||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
5,815
-
5,815
218,004
36,546
254,550
(12,898)
-
(12,898)| ||210,921 36,546 247,467| ## **13 Transactions with related parties** No related party transactions were undertaken during the year, nor in the previous year. 16