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← Space For Giants

2020-12-31-accounts

Page no.
Reference and Administrative Details
Trustees' Report 2-11
Independent
Auditor's		 Report 12-14
Statement ofFinancial Activities
Balance Sheet 16
Statement ofCash Flows 17
Notes to the Financial Statements 18-28

Status Space for Giants is a charitable
company
limited
incorporated
on 1 October 2014and registered
17November 2014.		 Space for Giants is a charitable
company
limited
incorporated
on 1 October 2014and registered
17November 2014.		 Space for Giants is a charitable
company
limited
incorporated
on 1 October 2014and registered
17November 2014.		 Space for Giants is a charitable
company
limited
incorporated
on 1 October 2014and registered
17November 2014.		 Space for Giants is a charitable
company
limited
incorporated
on 1 October 2014and registered
17November 2014.		 Space for Giants is a charitable
company
limited
incorporated
on 1 October 2014and registered
17November 2014.		 by guarantee,
as a charity on		 by guarantee,
as a charity on		 by guarantee,
as a charity on
Governing Document The
company
was
established		 under a memorandum of
association
which
established
charitable
company
and
is		 the objects and
governed
under		 powers
of
its articles		 the
of
association.
Company Registration Number 09243382
Charity Registration Number 1159227
Board ofTrustees Peter James Bacchus
Thomas Peter William Brunner
Paul Derek Bucldey (resigned 31nJuly 2021J
Lord Timothy Francis Clement-Jones,
CBE
Michael Andrew Count
Janice Elizabeth Hughes
Emilia Keladitis (resigned 7n December 2020]
Carolina Muller-Mohl
(resigned		 6o May 2021)
Adam Charles Kerr (appointed 10&June 2021)
Registered Address and 80-83 Long Lane
Operation office London
EC1A9ET
Website s
cef r 'ant.
r
Email inf
cefor iants.or
Independent Auditor Carbon Accountancy
Limited
80-83 Long lane
London EC1A9ET
Space for Giants Limited (Branch Operation
in Kenya)
Branch Representative Dr Maximilian
David Graham
Branch Address Space for Giants Limited, Branch Operation in Kenya
Cape Chestnut,
Nanyuki
P.O.Box174-10400
Nanyuki
Kenya

Total Total
Notes Restricted Unrestricted 2020 2019
E E
Income
Donations
and legacies		 16 1,455,994 1,026,598 2,482,592 3,384,857
Total income 1,455,994 1,026,598 2,482,592 3,384,857
Expenditure
Expenditure
on Raising Funds:
Cost ofraising funds 17 260,734 260,734 388,967
Expenditureon
charitableAcrivities:
Cost ofcharitable
activities		 18 1,513,041 927,015 2,440,056 2,579,134
Total expenditure 1,513,041 1,187,749 2,700,790 2,968,101
Net income / (expenditure] (57,047) (161,151] (218,198) 416,756
Other gains or (losses) 5 944 1,802 2,746 (12,735]
Reconciliation offunds
Total funds brought forward
Transfer between funds		 14 225,567
(21,499]		 939,916
21,499		 1,165,483 761,463
Total funds carried forward 147,965 802,066 950,031 1,165,484
Notes 2020 2019
6
Fixed assets
Intangible
assets
Tangible assets		 7
8		 196
125,920		 291
114,357
Total fixed assets 126,116 114,648
Current assets
Debtors
Cash at bank and in hand		 9
10		 283,600
662,885		 218,647
968,429
Total current assets 946,485 1,187,076
Creditors
Amounts
due within one year		 11. (79,237) (130,649)
Current assets less current liabilities 867,248 1,056,427
Amounts
falling due more than one year		 (43,333j (5,591)
Net assets 9S0,031 1,165,484
The funds ofthe charity:
Restricted funds
Unrestricted
funds		 14
13		 147,965
802,066		 225,567
939,917
Total funds carried forward 950,031 1,165,484
Notes 2020 2019
6
Cash flows from operating activities:
Cash generated
from (used in) operation		 21 (283,395) 671,467
Cash flows from investing activities:
Purchase oftangible fixed assets 8 (72,149) (100,073)
Cash provided
by (used in) investing activities		 (72,149) (100,073)
Cash flows from financing activities:
Bank loan 11 50,000
Cash provided by (used in) financing activities 50,000
Net Increase (decrease) in cash and cash equivalents (305,544) 571,394
Cash and cash equivalent
at the beginning		 ofthe year 968,429 397,394
Cash and cash equivalent atthe end ofthe year 662,885 968,429
Relating to:
Cash at bank and in hand 662,885 968,429

3) Net movement
in funds
2020 2019
This isstated after charging / (crediting): 6
Depreciation
and amortisation
Loss on disposal
Auditors'
remuneration
—audit		 ofowned fixed assets
ofthe financial statements		 42,093
8,776
7,800		 20,995
7,800

The aggregate
employee costs (in		 cluding
key		 management
per		 sonnel)
wer		 e as follows:
2020
f		 2019
6
Gross salaries (employees
under payroll)
Fees paid to key management
personnel		 420,630
197,643		 341,331
316,549
Total staff costs 618,273 657,880
The average number ofemployees
32).		 (including key management personnel) during the year was 36(2019:

Foreign exchange gains / (losses)
2020 2019
6
Restricted 944
Unrestricted 1,802 (12,735)
2,746 (12,735)
-21-

2020 2019
E 6
Total Income 1,737,584 2,330,685
Total expenditure (1,764,535) (2,160,445)
Net income / (expenditure) (26,951) 170,240
Assets 313,614 398,461
Liabilities (31,176) (89,071)
Net assets / (liabilities) 282,438 309,390
7) intangible
assets
Software Total
Cost 6 E
At 1January 2020 709 709
Exchange adjustment (71) (71)
At 31December 2020 638 638
Depreciation
At 1January 2020
Charge for the year
Exchange adjustment		 418
49
(25)		 418
49
(25)
At 31December 2020 442 442
Net book value
At 31December 2020 196 196
At 31December 2019 291 291

Fixtures and
Cost Motor
vehicles
E		 Computer
equipment
6		 fittings, tools
and equipment		 Total
6
At 1January 2020
Additions
Disposal
Exchange adjustment		 160,996
70,659
(24,891)
(14,767)		 19,161
1,490
(773)
(1,687)		 7,119
(715)		 187,276
72,149
(25,664)
(17,169)
At31December 2020 191,997 18,191 6,405 216,592
Depreciation
At 1January 2020
Charge for the year
Disposal
Exchange adjustment		 57,251
39,224
(16,869)
(5,281)		 11,726
2,463
(639)
(1,106)		 3,941
357
(396)		 72,919
42,044
(17,508)
(6,783)
At31December 2020 74,326 11,726 3,903 90,672
Net book value
At 31December 2020 117,671 5,747 2,502 125,920
At 31December 2019 103,744 7,435 3,178 114,357
9) Debtors
2020 2019
E
Amount due to related party (note 20)
Other debtors
Prepayment
and accrued income		 67,396
211,627
4,577		 74,842
31,663
112,142
283,600 218,647
10) Cash atbank and in hand
2020 2019
E
Cash atbank
Cash on hand		 662,701
184		 968,181
248
662,885 968,429

11) Amounts
falling due within one year
2020 2019
Trade creditors
Other creditors
Accruals and deferred income
Obligation
under finance lease and hire purchase contract
Loans and borrowings*		 46,821
8,147
14,650
2,952
6,667		 64,664
10,890
21,258
33,837
79,237 130,649
Amount falling due after one year:
Obligation
under finance lease and hire purchase contract
Loans and borrowings"		 43,333 5,591
43,333 5,591

13) Analysis ofnet asset s betwe en funds
Restricted
2020		 Unrestricted
2020		 Total
2020		 Total
2019
6
Fund balance represented by:
intangible
assets
Tangible assets
Current assets / (liabilities)
Non-current
assets / (liabilities]		 147,965 196
125,920
719,283
(43,333]		 196
125,920
867,248
(43,333]		 291
114,357
1,056,427
(5,591)
At end ofyear 147,965 802,066 950,031 1,165,484

At31
December
2019
E		 Income
6		 Expenditure
E		 Transfers At31
December
2020
E
African Elephant Fund
BigGive (2)
Big Give 2020
Biofund
CAF
Defra (1)
Elephant Cooperation (1,2]
EU (1)
Evgeny Lebedev
HEC Gabon (2)
IN LAngola (1]
ICAP
JM Wildlife Foundation
julie-Anne
Uggla
Mohamed
Bin Zayed Foundation
Space for Giants USA (1,2)
The African Wildlife Foundation
The Goldman
Sachs (1)
The ICCF(1)
The Leopard Foundation
(1)
The WildBon
Uganda Wildlife Authority
(2)
UNDP
U.S.Fish &Wildlife (1)
USAID (1)		 (3) 5,000
(9,485]
5,123
78,367
(780)
17,062
408
5,516
20,029
104,327		 19,371
9,756
1,572
2,500
111,418
8,127
10,126
245,395
255,177
140,000
10,287
237,525
143,370
6,016
76,581
123,082
40,158
15,534		 (28,278]
(30,730)
(1,609]
(2,515]
(105,013)
(8,396)
(87,832]
(9,388)
(318,731)
(163,024)
(15,726)
(155)
(7,500)
(226,235)
(174,156)
(6,000)
(418)
(59,404]
(13,278]
(123,074)
(23,704)
(106,932)		 6,359
37
15
269
(738)
( 588)
(16)
10
(22,693)
(6,751]
(8)
2,605		 (28,278)
9,756
(3,081)
(82,709]
5,031
91,373
124,274
(155)
(7,500)
10,287
10,702
13,723)
16,454
Total restricted
funds		 225,567 1,455,994 (1,512,097] (21,499) 147,965

16] Income:
Restricted
2020		 Unrestricted
2020		 Total
2020		 Total
2019
E E E
Donations and legacies:
BigGive
Biofund
CAF
Conservation
International
foundation
Defra
Elephant Cooperation
EU
Evgeny Lebedev
HEC Gabon projects
ICAP
INL Angola
Mohamed
Bin Zayed Foundation
Space for giants USA"
The African Wildlife Foundation
The Goldman Sachs
The ICCF
The Leopard Foundation
Uganda Wildlife Authority
UNDP
UN Environment
USAID		 29,127
1,572
2,500
111,418
8,127
10,126
245,395
140,000
255,177
10,287
237,525
143,370
6,016
76,581
123,082
40,158
15,534		 29,127
1,572
2,500
111,418
8,127
10,126
245,395
140,000
255,177
10,287
237,525
143,370
6,016
76,581
123,082
40,158
15,534		 15,002
63,850
3,908
288,128
276,415
171,322
42,689
11,630
3,844
77,851
47,718
48,888
Total restricted 1,455,994 1,455,994 1,051,245
Unrestricted
donations		 1,026,598 1,026,598 2,333,612
Total income 1,455,994 1,026,598 2,482,592 3,384,857

Restricted
2020		 Unrestricted
2020		 Total
2020		 Total
2019
Expenditure
on raising funds:		 6 E
Other fundraising
Staffcosts		 costs 236,292
24,442		 236,292
24,442		 289,307
99,660
Total expenditure on raising funds 260.734 260,734 388,967
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19) Support costs
Support Governance Total Total
COStS
6		 COStS 2020
6		 2019
6
General admin
Legal and professional
Bank charges
Audit fee		 70,612
3,000
7,035		 7,800 70,612
3,000
7,035
7,800		 105,268
26,520
3,685
7,800
80,647 7,800 88,447 143,273

Amount
due from key managem		 ent
personnel 610,153[2019:nil)		 ent
personnel 610,153[2019:nil)
Key management
personnel		 compensation:
2020 2019
6 6
Total remuneration 445 124 21
5
21) Cash generated
from operations
2020 2019
6 6
Surplus or (deficit) for the year (218,198) 416,756
Adjustments
for:
Depreciation,
amortisation
and
Other non cash items (disposal
Foreign exchange diiference		 impairment
oftangible		 for fixed assets
fixed assets)		 42,093
8,776
12,558		 20,994
415
(12,678)
Movements
in working capital:
l Increase) /decrease
in debtors
Increase /(decrease)
in creditors		 j 64,953)
[63,671)		 196,988
48,991
(283,395) 671,467