Trustees’ Annual Report for the period
From 01/07/2022 Period start date To 30/06/2023 Period end date Charity name: The Crocodiles of the World Foundation
Charity registration number: 1153303
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Attached |
| 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. |
Para 1.17 and 1.19 |
1. Supporting conservation 2. Supporting captive breeding of endangered species |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment 0 Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| 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. |
Para 1.20 | Funds donated to the following conservation programs. 1. £1500.00 donated to Komodo survival program 2. £2540.20 donated to Galapagos Conservation Trust |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
Review of the charity’s Para 1.21 Good position with plenty of funds. financial position at the end of the period
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Held ready to support animal conservation when needed |
|---|---|---|
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Memorandum of articles and association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Limited company by guarantee |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Elected |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | The Crocodiles of the World Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1153303 |
| Charity’s principal address | Burford Road Brize Norton Oxon OX18 3NX |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Steve Foggett | ||||
| Nick Wells | ||||
| Chris Hoyles | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Stephen Foggett Position (eg Secretary, Trustee Chair, etc) Date 04/03/2024
Charity number: 1153303
Company number: 08304958
(England and Wales)
Crocodiles of the World Foundation Ltd
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 June 2023
Crocodiles of the World Foundation Ltd Contents Page For the year ended 30 June 2023
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
Crocodiles of the World Foundation Ltd Report of the Trustees
For the year ended 30 June 2023
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 June 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Crocodiles of the World Foundation Ltd Charity registration number 1153303 Company registration number 08304958 Principal address Foxburry Farm Burford Road Oxon OX18 3NX Registered address Angel House Hardiwck Witney Oxon OX29 7QE
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Stephen Foggett Mr Chris Hoyles Mr Nicholas Wells Independent examiner Snedkers Accountancy Services Ltd Angel House Hardwick Witney Oxon OX29 7QE
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr Stephen Foggett
04 March 2024
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Crocodiles of the World Foundation Ltd Independent Examiners Report to the Trustees
For the year ended 30 June 2023
I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2023.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the 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
-
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.
Snedkers Accountancy Services Ltd Angel House Hardwick Witney Oxon OX29 7QE
04 March 2024
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Crocodiles of the World Foundation Ltd
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 June 2023
| Notes Income and endowments from: Charitable activities 2 Total Expenditure on: Charitable activities 3/4 Total Other recognised gains/losses Gains/(losses) on revaluation of fixed assets Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 28,239 28,239 (25,596) (25,596) - 2,643 539,777 542,420 |
2022 £ 787,785 |
|---|---|---|
| 787,785 | ||
| (849,084) | ||
| (849,084) | ||
| (50,649) | ||
| (111,948) | ||
| 651,725 | ||
| 539,777 |
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Registered Number : 08304958
Crocodiles of the World Foundation Ltd Statement of Financial Position
As at 30 June 2023
| Notes Fixed assets Tangible assets 8 Current assets 9 Debtors: amounts falling due within one year Debtors: amounts falling due after more than one year 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Net assets The funds of the charity Unrestricted income funds 12 Total funds |
£ 2023 (1) (1) - 75,694 495,235 570,929 (9,999) 560,930 560,929 (18,509) 542,420 542,420 542,420 |
£ 2022 - |
|---|---|---|
| - | ||
| 31,603 79,077 483,586 |
||
| 594,266 | ||
| (23,429) 570,837 |
||
| 570,837 | ||
| (31,060) | ||
| 539,777 | ||
| 539,777 | ||
| 539,777 |
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
-
The members have not required the company to obtain an audit of its accounts for the year in question in
-
accordance with section 476,
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
-
accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Stephen Foggett Trustee 04 March 2024
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Crocodiles of the World Foundation Ltd Notes to the Financial Statements
For the year ended 30 June 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Crocodiles of the World Foundation Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Charitable activites
Aiding Crocodile Conservation
Allocation and appointment of costs
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Income from charitable activities
| Unrestricted funds Aiding Crocodile Conservation Income Donations Gift Aid Reclaimed from HMRC |
2023 £ 25,156 3,083 - 28,239 28,239 |
2022 £ 673,966 21,525 92,294 |
|---|---|---|
| 787,785 | ||
| 787,785 |
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Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued
For the year ended 30 June 2023
3. Costs of charitable activities by fund type
| osts of charitable activities by fund type | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Unrestricted funds | ||
| Aiding Crocodile | 25,596 | 849,084 |
| Conservation | ||
| osts of charitable activities by activity type | ||
| 2023 | 2022 | |
| £ | £ | |
| Activities undertaken directly | ||
| Aiding Crocodile | 25,596 | 849,084 |
| Conservation | ||
| et income/(expenditure) for the year | ||
| This is stated after charging/(crediting): | ||
| 2023 | 2022 | |
| £ | £ | |
| Depreciation of owned fixed assets | - | 157,770 |
4. Costs of charitable activities by activity type
5. Net income/(expenditure) for the year
6. Staff costs
Total staff costs for the year ended 30 June 2023 were:
| Salaries and wages Zoo Staff |
2023 £ - - 2023 0 0 |
2022 £ 324,705 |
|---|---|---|
| 324,705 | ||
| 2022 29 |
||
| 29 |
7. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued
For the year ended 30 June 2023
8. Tangible fixed assets
| Cost or valuation At 01 July 2022 Disposals Transferred At 30 June 2023 Depreciation At 01 July 2022 Charge for year At 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 |
Land and buildings £ 655,950 - - 655,950 655,951 - 655,951 (1) (1) |
Animals £ (1) 1 - - - - - - (1) |
Motor vehicles £ - - - - (1) 1 - - 1 |
Fixtures and fittings £ 108,793 (108,793) 108,792 108,792 108,792 - 108,792 - 1 |
Total £ 764,742 (108,792) 108,792 |
|---|---|---|---|---|---|
| 764,742 | |||||
| 764,742 1 |
|||||
| 764,743 | |||||
| (1) | |||||
| - |
9. Debtors
| ebtors | ||
|---|---|---|
| Amounts due within one year: Trade debtors Other debtors Amounts due after more than one year: Other debtors |
2023 £ - - - 75,694 75,694 |
2022 £ 1,603 30,000 |
| 31,603 | ||
| 79,077 | ||
| 79,077 |
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Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued
For the year ended 30 June 2023
10. Creditors: amounts falling due within one year
| 2023 £ Loans and overdrafts 10,000 Other creditors (1) 9,999 The following liabilities disclosed under creditors falling due within one year are secured by the charity: Hire purchase agreements (1) (1) Creditors: amounts falling due after more than one year 2023 £ Loans and overdrafts 18,509 18,509 |
2022 £ 8,333 15,096 |
|---|---|
| 23,429 | |
| 15,096 | |
| 15,096 | |
| 2022 £ 31,060 |
|
| 31,060 |
11. Creditors: amounts falling due after more than one year
12. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Gains and | Balance at | |
|---|---|---|---|---|---|
| 01/07/2022 | resources | resources | losses | 30/06/2023 | |
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 539,777 | 28,239 | (25,596) | - | 542,420 |
| 539,777 | 28,239 | (25,596) | - | 542,420 | |
| Unrestricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Gains and | Balance at | |
| 01/07/2021 | resources | resources | losses | 30/06/2022 | |
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 651,725 | 787,785 | (849,084) | (50,649) | 539,777 |
| 651,725 | 787,785 | (849,084) | (50,649) | 539,777 |
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Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued
For the year ended 30 June 2023
Purpose of unrestricted Funds
General
Aiding of Crocodile Conservation
13. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ (1) 560,930 (18,509) 542,420 |
|---|---|
| (1) 560,930 (18,509) 542,420 |
|
| Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ - 570,837 (31,060) 539,777 |
|
| - 570,837 (31,060) 539,777 |
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Crocodiles of the World Foundation Ltd Detailed Statement of Financial Activities For the year ended 30 June 2023
| INCOME AND ENDOWMENT Charitable activities Income Donations Gift Aid Reclaimed from HMRC Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity Total resources expended NET INCOME BEFORE GAINS AND LOSSES Other recognised gains and losses Gains/(loss) on revaluation of tangible fixed assets for charity's own use Net income before gains and losses Net Income |
£ 2023 25,156 3,083 - 28,239 28,239 (25,596) (25,596) (25,596) - - - 2,643 |
£ 2022 673,966 21,525 92,294 |
|---|---|---|
| 787,785 | ||
| 787,785 (849,084) |
||
| (849,084) | ||
| (849,084) (50,649) |
||
| (50,649) | ||
| (50,649) | ||
| (111,948) |
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This page does not form part of the statutory financial statements