AUSTRALIAN WILDLIFE CONSERVANCY UNITED KINGDOM (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ch•rrty R•gl•tratlon No. 1126703 Company R•gl•tratlon No. 06684247 UK) to IP* ￿￿1Ve11(￿l of Atsir*8's wthjrfe. We Austr￿ Ike Ausirahw Wlt11rt8 AustraltWI Wildlife AUSTRALIAN WILDLIFE CONSERVANCY UNITED KINGDOM CONTENT Page Company Infomiation Trustees Report Statement of Financial Activrties Balance Sheet Notes to the Financi81 Statement8 Independent Examine¢8 Report 10 Australian Wildlife Conservanc COMPANY INFORMATION: REGISTERED COMPANY NO. C6684247 REGISTERED CHARITY NO. 1126703 TRUSTEES: Mark C Mills, Bsc {Melboume) Anthony Deagan Chandra EaS￿ell Joanne Sawicki Adam Hains LouBe Mulky CHAIRMAN: Mark C Mills REGISTRERED OFFICE: 82C Potuand Place London. W1 B 1NS WEBSITE: hty'.Iluk.australonwldlrfe.org BANKERS: Lbyds Bank plc 25 Gresham Street London. EC2V 7HN SOLICITORS: BDB Pthians LLP One Barthoknm8w CI London, EC1A BL INDEPENDENT EXAMINER Kunal Arnin, ACA 9 Firs Avenue Colney Hai¢h Lane London N113NE OWECTS: The objects of the charrty are.. 1. For the benefft of the public, to enhance enViron￿￿n￿l proteCt￿n ty supporting the proteCt￿n and enhancement of the natural environment in Australia and any aspect of (including its native Ilora and fauna},' and 2. For the benefft of the public, to advan￿ education by pr¢n￿lng, fosterirFg, developing and asststing the study of the natural environment in Australia or any aspect of it (including rts native flora and Fduna}, and Supporting Ihe dissemination of knowledge and infomation relating to the natural environment in Australia (including its native flora and faunal or any asF¢Ct of IL Australian Wildlife Conservancy uNrrE.D ￿N￿00m Trustees Reportand Mn•ndalStatrm￿tr Forth•Y&w Ended 31° DeEember1023 TRUSTEES REPORT The Trustees present their report, together with the financial statements of the company for the year ended 31 December 2023. Slructuro. Governance and Managomont The company is governed by its Memorandum and Arti¢le$ of Association dated 21 August 2008. Tr The Trustees during the whole year under revièw werè.. Mark C Mllls Anthony Deagan Jo S8wickl Chalrman ni ion The Trustees ol the charity are also the Directors of the Company. The Directors as charity Trustees oversee the company, Mark Mills was appolnted for an addillonal term of 5 years from 29 August 2019 to 28 August 2024. Anthony Deagan was appointed from 91h August 2018 and resigned the 16th January 2024. Jo Sawicki was appointed from 15th November 2022. Chandra East￿ell was appointed from 1 November 2020 and resigned 311t October 2023 The intention is that at lèast hvo board m6eting8 will be held every year at which the Trusteès may ralse and dl8¢U88 varlous Issues. Twe board meetin98 were held in the year under revlow. in ofNewT Adam Hains was appointed from 12th January 2023. Louise Mulley was appointed from 18th January 2023. ndTr There is no formal induction and training for Trust88s. However, the Trustees have all been informèd about the ¢harity's mission and vision. so that Ih8y may help to set and achieve the goals and objectives of the charlty. ffiliaty'on The company has no legal affili8bon to any other ¢h8rily h¢)wever it is made clear to all its donors that most gr8nts will go to Australian Wildlife ConseNan¢y I'AWC.), a large Perth-based Australian charity who own8, manages or influences land for conservancy ¢ovenng almost 12.9 million hectares for over 30 year8. Risk Mana emenl The Trustees have assessed the Major risks to which the company is exposed, in particular those related lo the finances of the company, and are satisfied that systems are in place to mltigate their exposure to major risks. Public Benefft The charity Trustees as Directors consider they have complied with the duty in sectson 4 of the Charitses Act 2006 to have due regards to public benefit guidance published by the Charity Commission. Australian Wildlife Conservancy ACTIVITIES ChalmMn'8 Report 2023 was A￿ UK'S first full year under the S￿rdShiP of the new Board and Ihe results were a tesbmony to the Call￿ of the team. Once again. a new recjxd was set wth donat￿1$, including corporate. increasing 100% on the previous year to finish close to £300,0¢)O. Highlightg of this year induded in-person events onty made Fossiue with the help of our donors, our Board, and our volunteers. We were generously hosted by separate long-temi supporters in their homes for an intimate lunch, and frjr a drinks reCept￿n where we leamt aix)ut the importance of AWC'S First Nations patherships. The Vlestem Australian Agent-General kindly collaborated wrth us to r8ise awareness of the Kimberley. and the challenges assoC￿ted with undertaking conservation projects in such a remote region. Finalty. AKC UK was the beneffieiary of a fundraising gtrkarting event organisej by Macquarie Capital, facilitated ty UK Board Director Adam Hain. It was a high-adrenaline evening where the Macquarie Foundation matched all funds raised from the event, resuttrng in a total of £150,000! Proud AK Ambassador and F1 Champion Mark Webberjoined us on the evening and generously donatwj an auction prize. Our dose contht AVK continued with CEO. Tim ￿18rd, spending a week with us in March and participating in a numter of events organized by Lvzzy to fijrther expand our network and profile in the UK. Further, AWC'S Chief Development Officer. Amy House, joined us in London in September to work with Lizzy and the Board on UTrCs fundraising strategy and growih over the next five years. Anothèr development in A￿,$ global footprtnt is the apwintment of a new Head of Fundraising in New York, who we have been working closdy wrth to discuss a consolhaat&J approach to unlock additsonal fvnding sources in across UK. Europe and USA. A￿c USA'S new r￿11 spent Ihree days with Lvzzy in London meeting donors and discussing the fundraising horrzon across their respecb.ve territories. The Boards of AK UK and AWC USA each other online in December. and there are plans for the fundrawng Boards to work closety together in 2024. This year Anthony Deagan conweted his &year tem as a Director of AWC UK and since he had retumed to Australia during this pemd, he ele¢ted r￿t to seek wppointrnenL Anthony played a signiftant role in the rebuilding of AK UK and wth hks Infectsous enthusiasm and paSs￿n for natur& oversaw the provision of office space for Ltzzy, the hosts'ng of a number of events, and introducts'ons to key people who supFort in a variety ofways. I would like to thank Anth¢)ny for his iemfi contributson al￿ p8rsonal support during this pefKMI. I would also like to thank Chandra Eathell who, unfortunately. had to cut short her tenure as a Board Member due to her relocatKfft to the Mrddle East. Wth a complete and tslented Board working in hamKtrny with Lizzy and our Treasurer, we have a terrific team that is keen to build fvrther on the progress we made this year. I would like to express my thanks lo a15 of our team memters. In additi.on. l am gratefvl to our independent examiner. Kunal Amin, who kindty volunteered his services for an aJd￿'OnaI year. Finally, I would like to thank our growing band of loy￿ financial supporters who, together wÈlh their counterparts around the worfd. make the cnkal work OlA￿ possible. Australian Wildlife Conservancy uMrED KI1￿￿￿m Trustees IIe￿rt¥￿d Nn•hckl Ststements Forthoyaar Endqd ai" Derember2023 FINANCIAL REVIEW Review of Busln The results for the year and financial position of the company are as shown in the annexed financlal ststemenls. Incoming resources exceeded expended resources by £69,478 {£12,129 in 20221 which is an increase of 472.8Qh. The increased profit for the year, compared lo the smaller profil in 2022, is mainly due to revenue being up by 78.7% *0 £315,5001£176,560 in 2022} offset by expenditure increase by 49.6% to £246,022 {£164,431 in 20221. The 2023 rèvanue includes donats'ons, gift-aid r8eov8ry and Interest. The donations have rlsen Ihis year to a ￿cord £297,783. an incr8as8 of £147,053197.60h} compared to 2022. Thi$ increase derives malnly from a large corwrate event. Higher received donations resulted in increased gift-aid recovery, which a up by 45.4% from £11,251 to £16,360. The majonty of donations are from corporat8s, which does not attract gfft-aid. There was no event Income In 2023, Interest rose from £92 10 £1.357, whlch predominatèly r8flects a mixture of more cash held In deposlt and market interest rate increase throughout 2023. Total r&sour¢es expended increased from 2022 to 2023 by 49.6% from £164,431 to £246,022. This 1$ malnly due to a higher grant of £155,1051£91,883 in 20221 to Australian Wildlife Conservancy. Th8 higher grant is due lo the increase in received donations. The grant is decided by the Board and is based on incoming donations for the 12 month's period from th8 1 st November to 31 st Octobèr the following year. It is ag￿ed by individual donors to exclude certain donations from the grant to cover the charity, future running COSt5. Another expenditure increase in 2023 18 in payroll costs {£63,5131. which is higher compared to 20221£54,0811 by 17.4%. AWC UK continues lo benchmark staff salary to the sector in line with the market, whl¢h means that there was a payroll Sncrease al around 15.60h in 2023. A fvrther increase from 2022 to 20231s Event costs1150.40kl from £5,004 to £12,529. This in¢rease 18 due to mre events. includlng one large corporate event, held in the year. The rise evenl adivity resulted in Increased staff trav81 costs which are up by 128.4% from £878 to £2,005. Computer Costs rose from £0 to £1,729 due to 88sential hardware acquisition, which is used at ev8nl8. Cash increased by 5.1 % from £97,655 to £102,637 leaving a good level of Ilquldity. in The company receives most of Its fvndlng trom donatlons made by individuals and oryanisations, supplemented in some (but not all) cases by gift-aid. Reserves Over the year under revlew tho company's reserves increased by £89,478 from £91,943 to £161,421. The reserves relate to unrestncted funds. Thè Truste8s seèk to maintaln reserves of at least £10,000. It the ongoing company plan to make grants, if possible, towards the end of each financial year. This report has been prepared in accordance vAth the provlsions appllcable to companles subject to the small companies, regime under the Companies Act 2006. On B•hatf of the Boqrd Mark Mills, Chai 17 April 2024 man Australian Wildlife Conservancy STATEMENT OF FINANCIAL ACTMTES AND INCOME AND EXPENDITURE ACCOUNTS 2022 Incomlng rosour¢o8 Donations 297,783 16,360 150,731 11,251 14.486 Eversts Income SFonsorship Bank Interest 1,357 92 Total Ineomlng Re￿UrCeS 315 500 176,560 Resources ex gndod Costs of Generating Funds Costs of Chaiitable ActNitses 90,904 155,105 13 72.505 91.883 Govemance Costs 43 Total Rosources Expended 246,022 164.431 Net Incoming I loulgolng) rgsources for the year All incoming resources and resources expended derive from ￿)ntr"nuing ¥tivthes. There are no other rew3nised gains and losses. The notss on pages 7 to 9 fomi part of these finanual statements. Australian Wildlrfe Conservancy BALANCE SHEET 2023 2022 Currnnt A¥sots Cash at Bank and in Hand 102.637 97,655 10,733 911 Debtors 85,722 797 Prepayments Totsl Curr•nl A880ts 189.156 109,299 109 299 Credftor8: Amounts falling due wthin one year 27,735 17,356 N•t Curront AM•ts 161421 N•t A••ats 161421 Fund• Un￿81n¢t0d funds 161,421 Thé notes on pages 7 to 9 forni part of these finanual 8talem&nts For the year ended 31 December 2023 the company was entrtled to exempts'on from audit under sectson 477 01 the Companies Act 2006 relating to sffoll cJ)mpanies. Trustees, responsibilrties". 1. the members have not required the company to obtsin an audit of its axounts for the period Sn question In a￿OrdanCe with section 476,. 2. Ihe Trustees acknowledge their resF4)nsibilrttes for comptying with the requiremonts of the Act wiltt respect to accountsng records and the preparab.on of accounts,. and 3. these accounts have ￿en prepared in ￿rdan￿ with the provisions applicable to compani88 subject to the $m811 companies, regime. For the year ended 31 D￿mber 2023 the Trustees consKJer an audrt is not required under Section 144{21 of the Charities Act 2011 and thal an indeF*ndent examination is needed. Approved by the board of Trustees on and signed on rts behalf Trus IDire¢tor Australian Wildlife Conservancy NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES Basis of pryrlng the flnancial statements The financial ststements have teen prepar8J on a going ts)ncem basis and under the historical cost convent￿. They have also been prepared in accordance with the Statement of Recommended Pracb"ce, Accountyng and Reporbng by Chant￿S effecbve from 1 January 2015 {Chanties SORP FRSSE 20151, applicable accounting standards and the Companies Act 20C6. The company has taken advantage of the exempb'on in Financial Repotting Standard No. 1 from the requirement to produce a cashflow Statement on Ihe grounds that rt is a small company. Llmlt¢d Company The company is limited by guarantee and has no share capital. Every memter of the company guarantees to contribute a maximum of £1 on wtnding up. up to one year after ceasin9 to be a memter. Incoming Resources Donations and legacy incoTrE are reccgnised in the year which the chanty is enliued to re￿Ipts artd the amount can be measured wrth reasonable certainty. Expenditure Liabilities are recognised as expenditure as scon as there is a legal or cOnstru￿1ve obligathM committing the charity to Ihat ex￿ndIture, it is probable that setttement will ￿ required and the amount of Obl￿at￿n can be measured reliabty, 1rrec•)Verab￿ value added tax eiAT) is charged against the category of resources expended for which it was incurred. Taxatlon The Charity is registered as a Charity under the Charities A£t 2011 and is not liable for UK tsx on its charitable aclivities. Tru8tee8 The Trustees were paKI no remuneration during the period and no Try￿tees, expenses have been reimbursed Funds Funds held by the ChaTity congst of unrestn.cted funds which be used in accordan￿ with the charitable objects at the discreb'on of the trustees. Fin•nclal instruments The Chanty only has financial assets and ffinancial liabiliti.es of a kind that quallfy as basic finarKaal instruments. Bayc financial instruments are initialty reccgnised at transaction value and subsequently measured at their settlement value with the exception of bank h)ans which are subsequentty measured at amortised costs using the effective interest methods. The Chanty does not currently have any bank loans. Australian Wildlrfe Conservancy 2. COSTS OF GENERATING FUNDS 2023 2022 Payroll Employers Nl Pension 56.856 47.540 1,008 4,472 1,177 1.536 6.000 1.190 4,255 1,097 350 Payroll admin charges Trainirsg a Development Consultant 6.000 Event Costs 12,529 810 5.004 M8mbership8 Subscriptlon8 Legal Insurance 651 1.001 2.400 235 261 Meetings Travel 228 422 2,005 122 878 Website 122 Office Expenses Postage Prlnling Stationery Telophone Computer 20 121 82 63 789 1,038 40 279 205 1,729 90.904 72.505 The￿ was 1 lull time empfoyee in both 2023 and 2022. 3. COSTS OF CHARrrABLE ACTivmES 2023 2022 Grant to Austrelian Wldlrfe ConseNancy 155,105 91,883 155,105 91.883 The Grant is accrued monthty as a liabilty as soon as it is receN&J as a dollat￿n or gift4id. Australian Wildlife Conservancy Fw the YthT Ended 314¢De¢ember 202J 4. GOVERPW4CE COSTS 2023 2022 Companies House F*s 13 13 Gov8m8nce Costs t￿lUde I￿se c08ts associat8d ￿￿th meelirvJ the constitution8J and statutory qulyements of the c￿rity. DEBTORS: Amoupifs FALUNG DLE ￿TrAN ONE YEAR 2022 Other Debtor5 85,722 10.733 Prepayments and AccrtHJ IrKome 797 911 86.519 11,644 or the '2￿ Othèr debtoTr'. £81,537 wag a d0That￿n commillwj in 2￿8 and recaivwJ in January 2024. CREDITORS: Amoupifs FALLING DUE I￿rHIN ONE YEAR Payroll ConsUl￿Y Grant 3.679 23,558 15.247 Other Tol81 Credito 27,735 17.356 re no r818t&J party trarwtions forthe y￿r erKlgJ 31 De¢ember 2023. Australian Wildlife Conseniancy Fort￿ Y*¥ EThd•d 31*f D•¢emb•F 2023 Ind•p•nd•nt Examln•ffs PAport to th• Trust4•s of v￿ld11f9 Con50rvancy UK I report to tho twtee5 on my 6xamSnation of A￿tralian Wildlrfe Conseryancy UK forth8 y88r ended 31 December 2023. Re8POct1￿ r88ponslbllltl•s of Trustom and •x•nln•r The Trustees I￿0 ar8 also the Dir9Ctors of th8 charity for th8 purpos85 of the Charity's Act) a responsible for the pTrparation of the occounts in &cOrd￿￿e with ￿ r8quiremonts of the Companie5 Act 2C(*. Th8 Trustees Cor￿Ider that an aLMJit is Th)t wuired for this year L￿der s￿lI0Th 144121 of th6 Charities Act 2011 Ith8 2011 Actl and that an indepeThJent examination 1$ HwiThJ satisfl mysew that t￿ charity is Mt subject to b6 audrt￿ under part 16 of th8 Act and is digible for independent examination, it 1$ my rnsponsibility.. to gxamlne the accounts u￿1•r S￿Ik)n 145 of the 2011 Ad: to follow the procwJurès18ld do4￿ in t￿ generd DireGlions glven by Chthy Comm1881on undgr Section 14q5Xbl of thg 2011 Act.. #nd 10 81ale vthether pwticular matt8rs hava como to my attentlon. 8a•l• of Ind•p•nd•nt ox•mln•rf8 r•port My examination ￿a8 carried out in acco￿￿8 wlh the general Dir&llorts given by the Ch8rf1y Commlsslon. An examinat￿n in¢l￿je8 a of th8 &rcounllNJ records k8Pt by th8 charity and comparison of the aecounl$ pr8senled *lth t￿$0 rt0￿8. M also irtlud8s con$id8fallon of any unusual items or disckjsures in the accounts. $6ekirKJ explanations fmm you as TNSte8s conceming any $uch matters. Th8 procedurns urKl8rtaken do not provide all oviderLe that would be requlrgJ in an aLx1118nd ¢onswJuenlty r¥) opinion is given 86 to ¥thelh8r the accounts prnsent 8 'lwe arwj fair vlwf a the roport18 Ilmlled to those matters 88t out In thè 8talemwrt boh)w. Independ•nt •xamln•f• •t•twn•nt I have completed thg 8X￿Inat￿In. I C￿ confim Matt￿ twve come to my attention in connecllon Y￿b Ihg examination: 1. which gives me reasonable cause to believe th•t In any matwial respect the r6yLbirem8nts'. to keep &countlng rgcord$ in &¢onJance wth section 386 of the Companles Act 2006,. 8nd to prepare accounts *thich accorf with the &CO￿￿1r￿ records. comply WTlh thè &counting requiramerrt8 of section ￿ of tfie Companies Act 2(￿ and wlh Ihg m8thod5 aThJ principl95 of Ihg S1818menl of RocommeThJed Practlce.. AccounllrKJ atml Reportlro by lJarttl88 effo¢tive Irom 1 JOn￿ry 2015 {Charflles SORP FRSSE 20151. hov8 not been met; or 2. to vthlch, In my oplnion. altwrtlon Str￿Uld ba dra*m in ordw lo wHbla a proper uryJwstar¥Jing of the accounts lo be rnacW. Name.. Address: Kund Amin AC4 9 Firs Avenue. CL)ITW Hatch La London N113NE Det&". 2 June 2024 Signature: