OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Jamma International

2024-12-31-accounts

Company registration number 07344374 (England and Wales) Charity registration number 1138785 (England and Wales)

JAMMA INTERNATIONAL

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

JAMMA INTERNATIONAL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A C Johansson
K A Johansson
M A Johansson
M H Johansson
Charity number 1138785
Company number 07344374
Website www.jammainternational.com
Registered office 3rd Floor
114a Cromwell Road
London
SW7 4AG
Auditor Bright Grahame Murray
Emperor's Gate
114a Cromwell Road
Kensington
London
SW7 4AG
Bankers NatWest Bank plc
PO Box 592
18 Cromwell Place
London
SW7 2LB
UBS Bank
St Helier
Jersey
JE2 3BX
Solicitors Thomson Snell & Passmore LLP
Heathervale House
2-4 Vale Avenue
Tunbridge Wells
TN1 1DJ
Investment manager Bird Capital Asset Management Ltd
Grenville Street, St Helier,
Jersey JE4 8PX

JAMMA INTERNATIONAL

CONTENTS

Page
Trustees report 1 - 6
Independent auditor's report 7 - 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 25

JAMMA INTERNATIONAL

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE PERIOD ENDED 31 DECEMBER 2024

The Trustees present their annual report and financial statements for the 9 months to 31 December 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The objectives for which the company was established are for public benefit and in doing so undertakes:

The Directors have referred to the guidance contained in the Charity Commission's advice on public benefit when reviewing the objectives and activities and when planning for future activities.

There are no changes in the objectives since the previous report.

Purpose and Aims

Jamma International ("Jamma") was incorporated in 2010 and is a UK-registered charity. It supports organisations at home and abroad that want to tackle issues to help people and the environment thrive.

The Directors and staff have during the period continued to develop the Jamma five-year strategy.

When shaping the strategy, agreeing the aims, defining the activities and making decisions on projects to support, the Directors comply with their duty in section 17 of the Charities Act 2011 and refer to the Charity Commission's guidance on public benefit. In particular, the Directors consider how planned activities will contribute to the aims and objectives that have been set.

Vision

Where success is measured in the wellbeing of the planet and its people.

Mission

Jamma works to deliver impact at a global scale by seeking opportunities to leverage change, achieving sustainable results that can be replicated.

We bring like-minded people together to tackle the biggest challenges faced by our planet and its people. At the heart of our work is the intention to change lives for the better and contribute to a sense of global community.

Planet

We are increasingly aware that the wellbeing of the planet and its people is the foundation our existence is built on. We support projects that return benefits to the land and those it sustains.

People

We work with communities across the world. We bring connection, cohesion and courage to gather like-minded people, regardless of kinship.

JAMMA INTERNATIONAL

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Strategic Plan

Jamma’s 5-year strategic plan sets out the priorities of the organisation and how it works to maximise the impact of its activities.

The key strategic goals:

Funding Awarded

During the nine month financial period ended 31 December 2024, Jamma provided funding of $1,947,464 (2024: $2,757,813) to new and existing projects.

Organisations Supported

As defined in the Jamma Strategic plan the focus for Jamma’s partnerships and funding falls into 6 key areas.

Awareness

Employing deliberate efforts and strategies to increase the understanding, knowledge, and appreciation in biodiversity conservation and mental wellbeing among the local community and the broader public.

Cape Leopard Trust: Conserving Leopards in a Changing Landscape. A project aiming to map the numbers and movements of Leopards in the Western Cape area of South Africa. Oxford University: Morally Contested Conservation – Evidence to Inform Policy. Identifying core drivers of similarities and differences underpinning beliefs to inform policy decisions. Mozambique Wildlife Alliance (MWA): Strengthening Human-Wildlife Coexistence for Sustainable Conservation. To promote wildlife coexistence with communities and increase positive conservation impact for people, wildlife, and the habitat they share across the southern Save landscape.

Advocacy

Encouraging action to support social and environmental causes, whether that action be research, education, awareness raising etc to shift public opinion and drive policy change.

Community Leaders Network: Capacitating the Community Leaders Network of Southern Africa’s Secretariat. To develop a robust internal governance system and CLN’s future strategy. This year the focus has been on holding meetings. They were: a strategy development workshop, a meeting exploring CBNRM and a forum to include members of the Indigenous Peoples Alliance. Resource Africa (RA): Resource Rights in Africa. Working with RA and community groups in Africa to advocate for their resource rights, promote CBNRM practices, support governance and develop monitoring systems and facilitate engagement with communities to address resourcerelated challenges. Conservation Visions : Disrupting Nature's Discourse: Communicating Nature Conservation, Cultural Diversity and Human Livelihoods Through the Values of Wild Food Harvesting. The Wild Harvest Initiative will provide new ways of communicating the relevance and benefits of sustainable use and nature conservation to policymakers, politicians, and the general public. It will positively influence legislation related to sustainable use and wildlife conservation, while encouraging increased participation in, and support for, wild harvest activities. African Community Resource Rights Alliance (ACRRA) : To establish an Alliance that will stand in solidarity with Africa's indigenous-led conservation and natural resource-based efforts through advocacy and legal innovations at the national, regional and international levels and to promote the interests of Indigenous Peoples in Africa.

JAMMA INTERNATIONAL

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Education and Capacity Building

Enhancing the skills, knowledge, abilities, and resources of individuals, communities, organisations, and institutions.

Brian Child and The University of Florida: Transformative Education in Wildlife Economy. Delivering training in wildlife economy to support conservation strategies for the future. Eland School (Ubunthu Trust). Providing culturally appropriate education to Khomani San children in the southern Kalahari Desert. The Photography Foundation. Creating pathways to professional photography for less advantaged young adults in London.

Networks and Collaborators

Establishing and nurturing relationships, partnerships, and connections with individuals, groups, organizations, and institutions to leverage collective expertise, resources, and efforts to enhance effectiveness and impact in the fields of biodiversity conservation and mental wellbeing.

IUCN (International Union for Conservation of Nature): Human-Wildlife Conflict & Coexistence. To support countries in developing and implementing national policies for managing human-wildlife conflict and provide them with direct access to best available resources and advice. Sustainable Use and Livelihoods Specialist Group (SULi ): To fund a Technical Manger and Programme Officer and to build capacity in SULi. Elsie Vaalbooi Development Organisation (EVDO): Internal Governance Structure. Support for their internal governance structure.

Best Practice Models

To achieve an international standard of success benchmarked against similar organisations and projects in the fields of mental wellbeing and conservation.

Zambia Rainbow Development Trust: ZRDF’S Holistic Approach. The project aims to strengthen the capacity of the rural poor communities through improved water and sanitation, and household social-economic status through education support and adoption of climate smart agriculture initiatives. Return Africa: Makuleke Villages Drop-in Centres. For vulnerable children in the Makuleke villages located southwest of the Punda Maria Gate of the Kruger National Park. Conservancy Safari Namibia. A locally owned and run operation, offering visitors a unique experience. Hallands Vadero, Sweden: Landscape Restoration Project.

Mental Wellbeing

Improving the wellbeing of individuals and communities, through knowledge based resources.

My Life: Unlock My Life. Delivering Jamma’s Brain Smart programme in prisons around the UK to give offenders an opportunity to talk about their mental health and volunteer to be Mental Health Ambassadors to support other prisoners. Pala Consultants : Developing a Brain Smart wellbeing App

JAMMA INTERNATIONAL

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Achievements and performance

The Reporting period for Jamma International has been changed, this report is for a nine-month period, future reporting will be 1[st] January to 31[st] December.

Jamma has regular contact with and active involvement in all projects it funds. Regular written reports are received and reviewed. Jamma will continue to connect with the projects after the end of the funding period to monitor their ongoing impact. The Directors are confident that the grants made are being used for the intended purpose and all projects develop in the right direction. Jamma is continuously in talks with a number of organisations with a view to build new relationships and working partnerships to extend support and funding.

A comprehensive application, evaluation and monitoring process enables the Directors to evaluate project applications, monitor project outcomes and impacts.

Jamma continues to work with likeminded organisation whose values align with its own. The belief is that just giving money is not enough. Jamma engages with partners to make sure that projects have a positive long-lasting impact.

In South Africa, Jamma has been key in establishing ACRRA, African Communities Resource Rights Alliance, which will become an independent organisation early next year. (2025) ACRRA will lead the work with indigenous peoples and local communities across Southern Africa.

Jamma is working with organisations to promote wellbeing through Brain Smart, a programme providing basic knowledge of how the brain works. Agneta Johansson, Director of Wellbeing and a Jamma trustee, has published a book ‘Brain Smart’ forming the base for the wellbeing work. In partnership with the UK charity My Life the project ‘Un Lock My Life’ delivers mental health training and awareness to 20 prisons.

The trustees of Jamma remain confident of its ability to fulfil all its current financial commitments as well as provide funding to new projects.

Financial review

Like most years, this year was affected by world events impacting financial markets. The Directors continue to pay close attention to investments and world markets to ensure that Jamma remains financially healthy.

Reserve Policy and Assessment of going concern

Bank balances and financial investments constitute unrestricted funds and are seen as a general reserve.

The Directors monitor Jamma’s financial assets to make sure it has sufficient funds to meet the costs of all known commitments, planned projects and overheads.

Investment policy

During the year the Directors implemented changes to the management of Jamma’s investment portfolio. It discontinued the relationship with Rathbones Investment Management and instead appointed Bird Capital Asset Management (UK) Limited investment manager. The manager is authorised to operate a discretionary mandate exposing the portfolio to a risk at a level between medium and high.

Risks and uncertainties

The Directors regularly consider risks to which Jamma is exposed, including financial, governance, fraud, cyber security, legal, reputational and reliance on key personnel. Following the previous years financial uncertainties and the cost of living increases across the world the Directors continue to pay carful attention to events that may have an impact on the work of Jamma and the financial security of the organisation.

JAMMA INTERNATIONAL

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Plans for future periods

During the coming year Jamma will continue to grow its network and develop new relationships that align with our vision. A Head of Network Communications is now in post. She will promote the work of Jamma, and lend support to partner organisations and communities in Southern Africa. The aim is to make the voices of the latter heard in matters where decisions are made directly effecting their ability to use their natural resources on which their livelihoods to a large extent depend.

Following the review of the Jamma 5-year strategy the Directors are implementing a plan to re-organise the work into three separate charities, namely Jamma Conservation and Communities (a new entity currently being formed), Jamma Wellbeing (currently The Ridgeback Charitable Trust) and Jamma Innovation (currently Jamma International).

In short, Jamma Innovation will be responsible for work and projects that do not easily fit into the other two charities.

Structure, governance and management

Jamma International Limited was incorporated by guarantee on 12 August 2010. It has no share capital and is a registered charity. The liability of each member in the event of winding up is limited to £1. On 31 December 2024 the company had four members.

The governing document is the Memorandum and Articles of Association. The members of the Board of Trustees are the Directors of the company. In accordance with the Articles of Association Directors are elected by the members by ordinary resolution or by a decision of the Directors.

The Trustees, who are also the Directors for the purpose of company law, and who served during the year were: A C Johansson K A Johansson M A Johansson M H Johansson

All trustees give their time free of charge and no Trustee remuneration was paid in the year. There were no expenses claimed by Trustees (2024: £Nil).

The remuneration of Jamma staff is reviewed annually on an individual performance basis.

Trustees are required to disclose and register all relevant interests and withdraw from decisions where a conflict of interest could arise.

Statement of Trustees responsibilities

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the company’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

JAMMA INTERNATIONAL

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Auditor

The auditor, Bright Grahame Murray, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Small Company Provision

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The Trustees report was approved by the Board of Trustees.

A C Johansson K A Johansson Trustee Trustee

23 October 2025

JAMMA INTERNATIONAL

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF JAMMA INTERNATIONAL

Opinion

We have audited the financial statements of Jamma International (the ‘company’) for the period ended 31 December 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

JAMMA INTERNATIONAL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JAMMA INTERNATIONAL

Responsibilities of Trustees

As explained more fully in the statement of Trustees responsibilities, the Trustees, who are also the directors of the company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

JAMMA INTERNATIONAL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JAMMA INTERNATIONAL

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

JAMMA INTERNATIONAL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JAMMA INTERNATIONAL

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Matthew Eade

Matthew Eade (Senior Statutory Auditor) for and on behalf of Bright Grahame Murray

Chartered Accountants

Emperor's Gate 114a Cromwell Road Kensington London SW7 4AG

23 October 2025

Bright Grahame Murray is eligible for appointment as auditor of the company by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

JAMMA INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024

Unrestricted Restricted Total Total
funds funds December April 2024
2024
Notes US$ US$ US$ US$
Income from:
Donations and legacies 3 3,809,391 551,073 4,360,464 2,930,412
Investments 4 216,898 - 216,898 116,274
Total income 4,026,289 551,073 4,577,362 3,046,686
Expenditure on:
Raising funds 5 497 - 497 3,723
Charitable activities 6 3,133,777 238,622 3,372,399 4,340,058
Total resources expended 3,134,274 238,622 3,372,896 4,343,781
Net (losses)/ gains on investments 13 (70,784) - (70,784) 241,291
Net incoming/(outgoing) resources 821,231 312,451 1,133,682 (1,055,804)
Other recognised gains and losses
Other gains or losses 14 (5,346) - (5,346) (7,938)
Net movement in funds 815,885 312,451 1,128,336 (1,063,742)
Fund balances at 6 April 2024 7,104,545 86,878 7,191,423 8,255,165
Fund balances at 31 December 2024 7,920,430 399,329 8,319,759 7,191,423

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

JAMMA INTERNATIONAL

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
The funds of the company
Restricted income funds
20
Unrestricted funds
21		 December
2024
US$
US$
22,070
7,209,686
7,231,756
639,789
544,846
1,184,635
(96,632)
1,088,003
8,319,759
399,329
7,920,430
8,319,759		 April 2024
US$
US$
20,643
6,722,223
6,742,866
340,115
199,911
540,026
(91,469)
448,557
7,191,423
86,878
7,104,545
7,191,423		 April 2024
US$
US$
20,643
6,722,223
6,742,866
340,115
199,911
540,026
(91,469)
448,557
7,191,423
86,878
7,104,545
7,191,423
6,742,866
448,557
7,191,423
86,878
7,104,545
7,191,423

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the period in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 23 October 2025

A C Johansson K A Johansson Trustee Trustee

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Jamma International is a private company limited by guarantee incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, London, SW7 4AG.

1.1 Accounting convention

The accounts have been prepared in accordance with the company's Memorandum and Articles of Association, the Companies Act 2006 and “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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The company is a Public Benefit Entity as defined by FRS 102.

The company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The accounts are prepared in United States dollar (US$), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest US$.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

The trustees have reviewed the company's forecasts and projections and, therefore, continues to adopt the going concern basis in preparing its financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the company.

1.4 Incoming resources

Income is recognised when the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of receipt.

Legacies are recognised on receipt or otherwise if the company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

All expenditure is accounted for on an accrual basis and has been listed under headings that aggregate all costs related to that activity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings between 1-5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs. Unlisted investments are subsequently held at cost. Listed investments are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

In the application of the company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted Total Total
funds funds December April 2024
2024
US$ US$ US$ US$
Donations received 3,809,391 551,073 4,360,464 2,930,412
For the period ended 5 April 2024 2,898,443 31,969 2,930,412

4 Income from investments

Unrestricted Unrestricted
funds funds
December April 2024
2024
US$ US$
Income from listed investments 175,897 50,895
Income from unlisted investments - 16,112
Interest receivable 41,001 49,267
216,898 116,274

5 Raising funds

December April 2024
2024
US$ US$
Investment management 497 3,723
497 3,723

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

6 Charitable activities

December April 2024
2024
US$ US$
Grant funding of activities (see note 7) 2,186,086 2,757,813
Share of support costs (see note 8) 1,136,665 1,535,760
Share of governance costs (see note 8) 49,648 46,485
3,372,399 4,340,058
Analysis by fund
Unrestricted funds 3,133,777 4,340,058
Restricted funds 238,622 -
3,372,399 4,340,058

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

7 Grants payable

Grants payable
December April 2024
2024
US$ US$
Grants to institutions:
ACRRA (Indigenous Peoples Legal Alliance) 53,259 3,616
Cape Leopard Trust 70,389 65,175
Community Leaders Network 149,066 326,269
Conservative Visions - Wild Harvest Initiative 264,572 91,828
COUTADA 10 - Develoment - 14,377
Director of Conservation Discretionary Fund 2,082 35,174
Eland School - Ubunthu Trust 78,472 96,286
Elephants Alive - 115,457
Elsie Vaalbooi Development Organisation (EVDO) 3,930 -
Fauna and Flora International - 12,631
Hallands Vadero 19,444 -
Harvesting Study - 61,319
International Conservative Caucus Foundation (ICCF) - 15,030
International Union for Conservation of Nature 29,185 32,735
Morally Contested Conservation 38,956 213,539
Mozambique Wildlife Alliance 33,654 -
Other (133) 3,964
Pala Consultants Ltd 27,250 (66,107)
ResourceAfrica 244,454 192,061
Return Africa - Makuleke People 24,131 19,781
Ripple Effect - 31,777
SULI - IIED 45,449 193,322
The Photography Foundation 559,624 475,652
Brain Child/ University of Florida 130,678 196,233
Wildlife Welfare Study - 24,867
Zambian Rainbow Development Foundation 47,961 207,113
2,186,086 2,757,813

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

8 Support costs allocated to activities

Total Total
December April 2024
2024
US$ US$
Staff costs 584,871 542,777
Depreciation 6,893 7,778
Campaigning, communication and marketing costs 464,230 892,425
Office expenses 59,915 49,904
Travel 20,756 42,876
Governance 49,648 46,485
1,186,313 1,582,245
December April 2024
2024
Governance costs comprise: US$ US$
Audit fees 12,574 9,053
Accountancy 15,993 30,517
Bank charges 8,016 2,719
Legal and professional 13,065 4,196
49,648 46,485
9 Net movement in funds December April 2024
2024
US$ US$
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 12,574 9,053
Depreciation of owned tangible fixed assets 6,893 7,778

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the period. No trustees' expenses have been incurred during the reporting period.

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

11 Employees

Number of employees

The average monthly number of employees during the period was:

December April 2024
2024
Number Number
14 8
Employment costs December April 2024
2024
US$ US$
Wages and salaries 532,881 480,965
Social security costs 40,752 47,831
Other pension costs 11,238 13,981
584,871 542,777
The number of employees whose annual remuneration was £60,000 or more
were:
December April 2024
2024
Number Number
£60,001 to £70,000 1 2
£80,001 to £90,000 - 1

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Net gains/(losses) on investments

December April 2024
2024
US$ US$
Revaluation of investments (71,062) 237,522
Gain/(loss) on sale of investments 278 3,769
(70,784) 241,291

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

14 Other gains or losses
December April 2024
2024
US$ US$
Foreign exchange loss/ (gains) 5,346 7,938
15 Tangible fixed assets
Fixtures and
fittings
US$
Cost
At 6 April 2024 58,641
Additions 8,320
At 31 December 2024 66,961
Depreciation and impairment
At 6 April 2024 37,998
Depreciation charged in the period 6,893
At 31 December 2024 44,891
Carrying amount
At 31 December 2024 22,070
At 5 April 2024 20,643

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

16 Fixed asset investments

Listed Cash in Unlisted Total
investments portfolio investments
US$ US$ US$ US$
Cost or valuation
At 6 April 2024 2,914,950 9,109 3,798,164 6,722,223
Additions 2,460,000 (2,460,000) - -
Valuation changes (71,062) - - (71,062)
Dividend income - 175,897 - 175,897
Other movements - 382,628 - 382,628
Disposals (1,940,094) 1,940,094 - -
At 31 December 2024 3,363,794 47,728 3,798,164 7,209,686
Carrying amount
At 31 December 2024 3,363,794 47,728 3,798,164 7,209,686
At 05 April 2024 2,914,950 9,109 3,798,164 6,722,223
December April 2024
2024
Investments at fair value comprise: US$ US$
Actively managed strategies 3,363,794 2,914,952
Cash 47,728 9,109
3,411,522 2,924,061

Fixed asset investments revalued

The historical cost of listed fixed asset investments at 31 December 2024 was $3,193,876 (5 April 2024: $2,674,248).

The unlisted investments are represented by holdings in The Conduit Holdco Limited, The Conduit Connect Limited, The Conduit Club and The London Interdisciplinary School Limited, all companies registered in England and Wales.

17 Debtors

Debtors
December April 2024
2024
Amounts falling due within one year: US$ US$
Other debtors 388,087 340,115
Prepayments and accrued income 251,702 -
639,789 340,115

Included in other debtors is an amount of $35,171 (5 April 2024: $34,295) recoverable after more than one year.

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

18 Creditors: amounts falling due within one year
December April 2024
2024
US$ US$
Other taxation and social security 46,766 21,046
Trade creditors 33,409 57,606
Other creditors 3,883 3,298
Accruals and deferred income 12,574 9,519
96,632 91,469
19 Retirement benefit schemes
December April 2024
2024
Defined contribution schemes US$ US$
Charge to profit or loss in respect of defined contribution schemes 11,238 13,981

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 6 April Incoming Resources At 31
2024 resources expended December
2024
US$ US$ US$ US$
86,878 551,073 (238,622) 399,329
Previous year: At 6 April Incoming Resources At 5 April
2023 resources expended 2024
US$ US$ US$ US$
54,909 31,969 - 86,878

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 6 April At 6 April Incoming Resources Gains and At 31
2024 resources expended losses December
2024
US$ US$ US$ US$ US$
General funds 7,104,545 4,026,289 (3,134,274) (76,130) 7,920,430
Previous year: At 6 April Incoming Resources Gains and At 5 April
2023 resources expended losses 2024
US$ US$ US$ US$ US$
General funds 8,200,256 3,014,717 (4,343,781) 233,353 7,104,545
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
December December December
2024 2024 2024
US$ US$ US$
At 31 December 2024:
Tangible assets 22,070 - 22,070
Investments 7,209,686 - 7,209,686
Current assets/(liabilities) 688,674 399,329 1,088,003
7,920,430 399,329 8,319,759
Unrestricted Restricted Total
funds funds
April 2024 April 2024 April 2024
US$ US$ US$
At 5 April 2024:
Tangible assets 20,643 - 20,643
Investments 6,722,223 - 6,722,223
Current assets/(liabilities) 361,679 86,878 448,557
7,104,545 86,878 7,191,423

22 Analysis of net assets between funds

23 Company limited by guarantee

The company is limited by guarantee and therefore has no share capital.

JAMMA INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

24 Related party transactions

During the period, the charity made donations totalling $559,624 (year ended 5 April 2024: $475,652) to The Photography Foundation, a charity registered in England and Wales in which Mr M A Johansson and Mrs A C S Johansson are trustees.