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





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|Status||||Space for Giants is a charitable<br>company<br>limited <br>incorporated<br>on 1 October 2014and registered<br>17November 2014.|Space for Giants is a charitable<br>company<br>limited <br>incorporated<br>on 1 October 2014and registered<br>17November 2014.|Space for Giants is a charitable<br>company<br>limited <br>incorporated<br>on 1 October 2014and registered<br>17November 2014.|Space for Giants is a charitable<br>company<br>limited <br>incorporated<br>on 1 October 2014and registered<br>17November 2014.|Space for Giants is a charitable<br>company<br>limited <br>incorporated<br>on 1 October 2014and registered<br>17November 2014.|Space for Giants is a charitable<br>company<br>limited <br>incorporated<br>on 1 October 2014and registered<br>17November 2014.|by guarantee,<br>as a charity on|by guarantee,<br>as a charity on|by guarantee,<br>as a charity on|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Governing|Document|||The<br>company<br>was<br>established|||under|a|memorandum|||of|
|||||association<br>which<br>established<br>charitable<br>company<br>and<br>is||the objects and <br> governed<br>under||||powers<br>of <br>its articles||the<br>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,<br>CBE|||||||||
|||||Michael Andrew Count|||||||||
|||||Janice Elizabeth Hughes|||||||||
|||||Emilia Keladitis (resigned 7n December 2020]|||||||||
|||||Carolina Muller-Mohl<br>(resigned||6o May 2021)|||||||
|||||Adam Charles Kerr (appointed||10&June 2021)|||||||
|Registered|Address and|||80-83 Long Lane|||||||||
|Operation|office|||London|||||||||
|||||EC1A9ET|||||||||
|Website||||s<br>cef r 'ant.<br>r|||||||||
|Email||||inf<br>cefor iants.or|||||||||
|Independent|Auditor|||Carbon Accountancy<br>Limited|||||||||
|||||80-83 Long lane|||||||||
|||||London EC1A9ET|||||||||
|Space for Giants Limited|||(Branch|Operation<br>in Kenya)|||||||||
|Branch Representative||||Dr Maximilian<br>David Graham|||||||||
|Branch Address||||Space for Giants Limited, Branch||Operation||in Kenya|||||
|||||Cape Chestnut,<br>Nanyuki|||||||||
|||||P.O.Box174-10400|||||||||
|||||Nanyuki|||||||||
|||||Kenya|||||||||





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|||||Total|Total|
|---|---|---|---|---|---|
||Notes|Restricted|Unrestricted|2020|2019|
|||E|||E|
|Income||||||
|Donations<br>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<br>on Raising Funds:||||||
|Cost ofraising funds|17||260,734|260,734|388,967|
|Expenditureon<br>charitableAcrivities:||||||
|Cost ofcharitable<br>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<br>Transfer between funds|14|225,567<br>(21,499]|939,916<br>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<br>assets<br>Tangible assets|7<br>8|196<br>125,920|291<br>114,357|
|Total fixed assets||126,116|114,648|
|Current assets||||
|Debtors<br>Cash at bank and in hand|9<br>10|283,600<br>662,885|218,647<br>968,429|
|Total current assets||946,485|1,187,076|
|Creditors||||
|Amounts<br>due within one year|11.|(79,237)|(130,649)|
|Current assets less current liabilities||867,248|1,056,427|
|Amounts<br>falling due more than one year||(43,333j|(5,591)|
|Net assets||9S0,031|1,165,484|
|The funds ofthe charity:||||
|Restricted funds<br>Unrestricted<br>funds|14<br>13|147,965<br>802,066|225,567<br>939,917|
|Total funds carried forward||950,031|1,165,484|






||Notes|2020|2019|
|---|---|---|---|
||||6|
|Cash flows from operating activities:||||
|Cash generated<br>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<br>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<br>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|





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



## 

|The aggregate<br>employee costs (in|cluding<br>key|management<br>per|sonnel)<br>wer|e as follows:||
|---|---|---|---|---|---|
|||||2020<br>f|2019<br>6|
|Gross salaries (employees<br>under payroll)<br>Fees paid to key management<br>personnel||||420,630<br>197,643|341,331<br>316,549|
|Total staff costs||||618,273|657,880|
|The average number ofemployees<br>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<br>assets|||
||Software|Total|
|Cost|6|E|
|At 1January 2020|709|709|
|Exchange adjustment|(71)|(71)|
|At 31December 2020|638|638|
|Depreciation|||
|At 1January 2020<br>Charge for the year<br>Exchange adjustment|418<br>49<br>(25)|418<br>49<br>(25)|
|At 31December 2020|442|442|
|Net book value|||
|At 31December 2020|196|196|
|At 31December 2019|291|291|





## 

||||Fixtures and||
|---|---|---|---|---|
|Cost|Motor<br>vehicles<br>E|Computer<br>equipment<br>6|fittings, tools<br>and equipment|Total<br>6|
|At 1January 2020<br>Additions<br>Disposal<br>Exchange adjustment|160,996<br>70,659<br>(24,891)<br>(14,767)|19,161<br>1,490<br>(773)<br>(1,687)|7,119<br>(715)|187,276<br>72,149<br>(25,664)<br>(17,169)|
|At31December 2020|191,997|18,191|6,405|216,592|
|Depreciation|||||
|At 1January 2020<br>Charge for the year<br>Disposal<br>Exchange adjustment|57,251<br>39,224<br>(16,869)<br>(5,281)|11,726<br>2,463<br>(639)<br>(1,106)|3,941<br>357<br>(396)|72,919<br>42,044<br>(17,508)<br>(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)<br>Other debtors<br>Prepayment<br>and accrued income|||67,396<br>211,627<br>4,577|74,842<br>31,663<br>112,142|
||||283,600|218,647|
|10) Cash atbank and in hand|||||
||||2020|2019|
||||E||
|Cash atbank<br>Cash on hand|||662,701<br>184|968,181<br>248|
||||662,885|968,429|





## 

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



## 

## 

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





## 

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



## 



## 



## 

|16] Income:||||||
|---|---|---|---|---|---|
|||Restricted<br>2020|Unrestricted<br>2020|Total<br>2020|Total<br>2019|
||||E|E|E|
|Donations and legacies:||||||
|BigGive<br>Biofund<br>CAF<br>Conservation<br>International<br>foundation<br>Defra<br>Elephant Cooperation<br>EU<br>Evgeny Lebedev<br>HEC Gabon projects<br>ICAP<br>INL Angola<br>Mohamed<br>Bin Zayed Foundation<br>Space for giants USA"<br>The African Wildlife Foundation<br>The Goldman Sachs<br>The ICCF<br>The Leopard Foundation<br>Uganda Wildlife Authority<br>UNDP<br>UN Environment<br>USAID||29,127<br>1,572<br>2,500<br>111,418<br>8,127<br>10,126<br>245,395<br>140,000<br>255,177<br>10,287<br>237,525<br>143,370<br>6,016<br>76,581<br>123,082<br>40,158<br>15,534||29,127<br>1,572<br>2,500<br>111,418<br>8,127<br>10,126<br>245,395<br>140,000<br>255,177<br>10,287<br>237,525<br>143,370<br>6,016<br>76,581<br>123,082<br>40,158<br>15,534|15,002<br>63,850<br>3,908<br>288,128<br>276,415<br>171,322<br>42,689<br>11,630<br>3,844<br>77,851<br>47,718<br>48,888|
|Total restricted||1,455,994||1,455,994|1,051,245|
|Unrestricted<br>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<br>2020|Unrestricted<br>2020|Total<br>2020|Total<br>2019|
|---|---|---|---|---|---|
|Expenditure<br>on raising funds:|||6|E||
|Other fundraising<br>Staffcosts|costs||236,292<br>24,442|236,292<br>24,442|289,307<br>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<br>6|COStS|2020<br>6|2019<br>6|
|General admin<br>Legal and professional<br>Bank charges<br>Audit fee|70,612<br>3,000<br>7,035|7,800|70,612<br>3,000<br>7,035<br>7,800|105,268<br>26,520<br>3,685<br>7,800|
||80,647|7,800|88,447|143,273|



## 

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