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2025-08-31-accounts

Indo-Myanmar Conservation

(A Company Charity Limited by Guarantee)

Annual Report and Financial Statements for the year ended

31st August 2025

(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 2025

From: 1st September 2024 To: 31st August 2025

The trustees present their report and the unaudited financial statements for the year ended 31st August 2025. Reference and administrative information set out on page 3 forms 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 1 January 2019).

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 the conservation of wild plants and animals, particularly those endemic or mainly confined to Vietnam, Laos, Cambodia, Thailand, Myanmar and/or Southern China, and such other charitable purposes as the trustees determine. At present, a majority of the work of IMC focuses on tortoises and freshwater turtles through its Asian Turtle Program (ATP).

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 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

its beneficiaries and any wider benefits to society as a whole.

was made in expanding conservation breeding capacity, releasing turtles back to the wild, and building new partnerships.

Key highlights include:

Continued operation of the Turtle Conservation Centre (TCC) at Cuc Phuong National Park, with ongoing rescue, rehabilitation, breeding, and release activities.

Advancement of the Annamite Conservation Breeding Centre (ACBC) at Bach Ma National Park, with construction progressing and pheasants, rabbits and muntjac.

Vietnam.

annamensis), Indochinese Box Turtle (Cuora galbinifrons / bourreti / picturata), and others.

Training and capacity building, including the 20th annual Tortoise and Freshwater Turtle Field Skills Training Course and veterinary workshops.

Expanded partnerships with ReWild, WWF, World Bird Sanctuary, Cleveland Metroparks Zoo, and government agencies.

1

Report of the trustees for the year ended 31st August 2025

Overview period 1st September 2024- 31st August 2025

Core programme activities continued with a focus on priority TFT species. The development of the conservation breeding centre at Bach Ma National Park progressed well. Rescue and release efforts at TCC remained a major output. Partnerships were strengthened across Vietnam and the region, with increased activity in Lao PDR. Staffing and workload remained challenging but were supported by a dedicated team and new volunteers.

Challenges

Maintaining sufficient staffing levels while managing a high workload continues to be a key challenge. Additional funding is needed to support core staff and expand capacity for growing programmes, particularly at the new ACBC facility.

Summary of Project Activities

New Partnerships

Strengthened collaboration with Bach Ma National Park, WWF, and Re:wild for the ACBC project.

Continued partnerships with government agencies (e.g., DONRE, FPD) and international organisations for surveys and releases.

Resources produced during this project period included:

Publications:

Multiple scientific publications were produced in collaboration with partners.

Events & Awareness:

Ongoing media engagement and community awareness activities, including school programmes and religious release education campaigns.

Community engagement

Turtle habitats.

Training:

20th annual TFT Field Skills Training Course (May 2025) with 14 participants.

Veterinary and husbandry training for staff and partners.

Leadership and capacity-building programmes for team members.

Surveys:

Field surveys for Vietnamese Pond Turtle, Indochinese Box Turtle, and other species.

Amphibian surveys in Hoang Lien NP and other sites. Preparations for the release of Vietnamese Pond Turtles in central Vietnam Monitoring of key habitats throughout Vietnam

Received numerous rescued turtles.

Successful breeding and hatching of multiple species.

Major releases (including 68 turtles in October 2024 and 30 Keeled Box Turtles in June 2025). Facility improvements, including new enclosures.

Bach Ma Conservation Breeding Centre

Construction advanced significantly.

Initial husbandry and training activities are underway.

2

Report of the trustees for the year ended 31st August 2025

Other Activities

Camera trapping, eDNA sampling, and support to other rescue centres continued.

Financial review

During the year total income amounted to £264,284 and expenditure for the year totalled £222,091, making a net surplus for the year of £42,193 before exchange rate differences. £38,474 surplus after loss in exchange.

At the balance sheet date, the Charity had total funds of £200,563. Uncommitted reserves freely available for charitable activities were £255,262

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, there will be sufficient resources in the event of adverse conditions. Systems are in place to mitigate operational and business risks.

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, two are based in the UK and one in the US. One of the
details of any constitutional UK trustees also works for ATP/IMC based in the UK with some months spent in Vietnam.
provisions e.g. election to post or Trustees meet regularly to monitor activities and fundraising. One trustee prepares and circulates
name of any person or body entitled updates on field activities, financial status, and administrative matters. Two trustees give their time
to appoint one or more trustees voluntarily; the third, Timothy McCormack, is paid a salary as permitted under the Articles of
Association.

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.

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 Pro

15 Lime Walk

3

Report of the trustees for the year ended 31st August 2025

Ripon, HG4 2NF

Names of the trustees who manage the charity

----- Start of picture text -----
Dates acted if not for
Trustee name Office (if any) Name of person (or body) entitled to appoint trustee (if any)
whole year
Timothy McCormack
Douglas Hendrie
Dr. Diana Bell
Names and addresses of advisers
Type of adviser Name Address
Independent Karen Wood Outsource Accountancy Services & Independent Examinations
Examiner ACMA,CGMA 2 Galligap Lane, Osbaldwick
York, YO10 3NR
----- End of picture text -----

Trustee 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:

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 Companies 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:

Exemptions

The trustees have taken advantage of the exemption available to small companies, including the audit exemption (as detailed on the balance sheet).

Declaration

This report was approved by the Board of Trustees

Signed on behalf of the charity's trustees

Signature

Full Name

Position

Date

4

I report on the accounts of: Indo-Myanmar Conservation for the year ended: 31st August 2025 which are set out on pages 7 to 16 .

Responsibilities and basis of report

you are responsible for the preparation of the accounts in accordance with the requirements of

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 Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

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 2 Galligap Lane Osbaldwick York YO10 3NR

16/05/2026

Date:

6

Indo-Myanmar Conservation

(Charity Number: 1126123)

(Registered Company Number: 06662240)

Statement of Financial Activities for the year ended: 31st August 2025

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
£
102,044
25
-
102,069
65,730
65,730
36,339
-
36,339
(2,629 )
33,710
221,552
255,262
Restricted
funds
£
162,215
-
-
162,215
156,361
156,361
5,854
-
5,854
(1,090 )
4,764
39,537
44,301
Total
2025
£
264,259
25
-
264,284
222,091
222,091
42,193
-
42,193
(3,719 )
38,474
261,089
299,563
Total
2024
£
280,004
22
125
280,151
265,147
265,147
15,004
-
15,004
(1,382 )
13,622
247,467
261,089

7

Indo-Myanmar Conservation

(Charity Number: 1126123)

(Registered Company Number: 06662240)

Balance Sheet as at:
Note
Fixed Assets
Tangible assets
7
Current assets
Cash at bank and in hand
8
Debtors & prepayments
9
Creditors & accruals
10
Funds of the Charity
Unrestricted Funds
11
Restricted Funds
11
Net current assets/(liabilities)
Net assets
31st August 2025
Total current assets
Current liabilities: amounts falling due
within one year
Total funds carried forward
Total Fixed Assets
2025
£
1,819
227,277
72,517
299,794
2,050
297,744
299,563
255,262
44,301
299,563
2024
£
2,807
243,303
16,929
260,232
1,950
258,282
261,089
221,552
39,537
261,089

The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 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:

i) ensuring the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and

ii) preparing financial statements which give a true and fair view of the state of affairs of the company at the end of each financial year and of its profit and loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared 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 (effective April 2008).

The financial statements were approved by the trustees and signed on their behalf by:

Signature Full Name Position Date

8

Indo-Myanmar Conservation

(A Company Charity Limited by Guarantee)

Notes to the accounts for the year ended:

31st August 2025

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:

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 2025

3.1
3.2
3.3
Misc income
Donations and grants
Grants
Total income
Income
Other income
Donations
Investment income
interest
Unrestricted
funds
£
102,044
102,044
25
25
0
102,069
Restricted
funds
£
162,215
-
162,215
-
-
162,215
2025
Total
2024
£
264,259
-
264,259
25
25
-
264,284
Unrestricted
funds
£
84,053
-
84,053
22
22
125
84,200
Restricted
funds
£
195,951
-
195,951
-
-
-
195,951
2024
Total
2023
£
280,004
-
280,004
22
22
125
280,151

11

Indo-Myanmar Conservation

Notes to the accounts for the year ended: 31 August 2025

4
Depreciation
Total expenditure
staff salaries
supplies
TCC food/rescue
Total charitable activities
Transport & travel
Overhead contribution
Other staff expenses & benefits
rent
Office & admin overheads
Bank charges
Local counterparts
Professional fees & services
Equipment
Food
Repairs, maintenance & service fees
Communications
sundry
Accomodation & subsistance
Charitable activities
Expenditure
Unrestricted
funds
£
-
358
2489
-
962
-
-
1,854
87
7,156
146
60,597
-
4,563
-
5,527
(18,997 )
988
65,730
65,730
Restricted
funds
£
84
163
723
905
1,316
-
3
376
189
6,644
6,001
99,385
-
8,924
1,328
11,323
18,997
-
156,361
156,361
2025
Total
2024
£
84
521
3,212
905
2,278
-
3
2,230
276
13,800
6,147
159,982
-
13,487
1,328
16,850
-
988
-
-
222,091
222,091
Unrestricted
funds
£
-
3
675
-
1,566
1,620
-
46
2,992
1,202
54,449
6,064
221
4,350
3,008
72,956
72,956
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
-
192,191
192,191
2024
Total
2023
£
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

12

(A Company Charity Limited by Guarantee)

Indo-Myanmar Conservation

Notes to the accounts for the year ended:

31st August 2025

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 £31,693, from the charity (2024-£46,599)

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
2025
2024
£
£
950
950
1,100
1,000
2,050
1,950
2025
2024
£
£
134,355
142,361
24,693
25,881
934
1,270
159,982
169,512

No employees received in excess of £60,000 (2024 - none) Average number of employees 19 (2024 - 19)

The key management personnel of the charity are the trustees and the programme director.

7 Fixed assets

Cost or valuation
At 31st August 2025
At 1st September 2024
Additions in year
At 1st September 2024
Net Book Value
At 31st August 2025
Fixed assets
7.1 Tangible fixed assets
Charge for the year
At 31st August 2025
Depreciation
At 31st August 2024
Equipment
Total
£
25,942
25,942
23,135
988
24,123
1,819
2,807

13

8 Cash at bank and in hand

8 Cash at bank and in hand
Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
VND Bank 1,272 - 1,272 9,955
USD Bank 146,046 44,301 190,347 221,106
Euro Bank 10,588 - 10,588 5,659
VND Cash 18,533 - 18,533 6,001
GBP Cash 6,537 - 6,537 582
182,976 44,301 227,277 243,303
**9 ** Debtors and prepayments
Analysis of debtors falling due within one year
Accrued income
Staff advances
2025
£
72,517
-
2024
£
14,678
2,251
Total 72,517 16,929
**10 ** Creditors and accruals
Analysis of creditors falling due within one year
Accruals
Creditors
2025
£
2,050
-
2024
£
1,950
-
Total 2,050 1,950

11 Analysis of Funds

11.1 Movement of major funds

2025
USFWS
Full Circle
WWF
SL Zoo
ASAP
ReWild
Edge
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
221,552
102,069
65,730
(2,629)
-
255,262
221,552
102,069
65,730
(2,629)
-
255,262
-
(31,034)
72,517
40,512
856
-
1,827
33,652
74,044
74,480
(928)
-
32,288
-
1,450
-
-
-
1,450
(3,794)
5,488
1,798
105
-
1
12,759
-
12,407
(352)
-
-
3,802
3,697
1,196
(105)
-
6,198
5,469
-
1,070
(151)
-
4,248
18,683
-
22,436
(515)
-
(4,268)
-
5,019
2,462
-
2,557
39,537
162,215
156,361
(1,090)
-
44,301
261,089
264,284
222,091
(3,719)
-
299,563

The funds in negative balance are receiving more funding in the next financial year. Rewild received funds of $71,587.90 on 5/12/2025 . Funds can arrive later than the account period pending reports approval from the donor.

14

2024
USFWS
Full Circle
CEPF
WWF
Segre Fondation
SL Zoo
ReWild
Fund Name
ASAP
Unrestricted Funds
General Unrestricted Funds
Restricted Funds
Total Funds
Balance Incoming
Outgoing
Diff on
Balance
B/Fwd Resources
Resources
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

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

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.

Edge

12 Net assets between funds

2025

Fixed assets
2024
Fixed assets
Fund balances at 31st August 2025
Current assets
Current liabilities
Current assets
Current liabilities
Fund balances at 31st August 2024
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
1,819
-
1,819
255,493
44,301
299,794
(2,050 )
-
(2,050 )
255,262
44,301 299,563
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

13 Transactions with related parties

No related party transactions were undertaken during the year, nor in the previous year.

16