2021-12-31-accounts - Space For Giants

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			Page no.
Reference and Administrative		Details
Trustees' Report			2-20
IndependentAuditor's	Report		21-23
Statement ofFinancial	Activities
Balance Sheet			25
Statement ofCash Flows			26
Notes to the Financial	Statements		27-37

Status					Space for Giants is a	charitable		company		limited	limited	by guarantee,	by guarantee,
					incorporated on 1 October 2014and registered							as a charity	on
					17November 2014.
Governing		Document			The company was	established		under		a	memorandum		of
					association which established		the objects and					powers of	the
					charitable company	and is	governed		under			its articles	of
					association.
Company	Registration			Number	09243382
Charity Registration			Number		1159227
Board ofTrustees					Peter James Bacchus
					Thomas Peter William Brunner
					Lord Timothy Francis	Clement-jones, CBE
					Michael Andrew Count
					Janice Elizabeth Hughes
					Paul Derek Bucldey (resigned 31"July 2021)
					Carolina Miiller-Mohl (resigned 6u May 2021] Adam Charles Kerr (resigned 1"November 2021]
Registered		Address and			80-83Long Lane
Operation	office				London
					EC1A9ET
Website					h s; s acefor iants.or
Email					info s acefor 'ants.	or
Independent		Auditor			Carbon Accountancy	Limited
					80-83Long 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

unding	status
				2021Goal	As of1December 2021
A.	New funding secured in 2021		(total commitments	$6.5	$5.26 million
	made, regardless	of		million
	ex enditureor	a mentrecei	t
B.	Pledged (90%certain and still		expected to be		$2.52 million
	confirmed in FFJ
%Unrestricted				50%+	52%
	includin li htl	restricted

Foundations	-Target trusts and foundations capable ofgiving more	-Target trusts and foundations capable ofgiving more	$1.2 million
	than $100k/year over multiple years (fewer larger		[through	6+
	relationships) -e.g.,Rainforest Trust, Wildcat		grants]
	Foundation, Elephant Crisis Fund
	-Develop strategy for UK postcode lottery and
	network for U.S.and European zoos
	-Target 3-5 game changing opportunities -Bezos
	Earth Fund, Unilever, Silicon Valley Community
	Foundation, Oak Foundation, Brenninkmeijer
	Foundation s
Public	-Demonstrate capacity in existing grants by bolstering		$1million
institutional	grants management and proposal writing capacity
	(team members, policies, procedures)
	-Deepen engagement with local and regional
	representatives (EU delegations, U.S.missions,	KFW
	representatives, UN coordinating mechanisms]	for
	business pursuit opportunities and to build up
	credibility and reputation
	-Target 3-5 significant opportunities [over $1M) and
	be judicious in what smaller opportunities we	pursue
	-Sub to other consortia where there isaclear scope of
	work for SFG.
Sub-total			$5.5million
Landscape	-Target range ofphilanthropists and investors	for	$17.5 million
investors	specific landscapes, work with partners in targeted
	landscapes
	-Build up a'landscapes fund' with flexibility to	fund
	across our rowin ortfolio

5. Calend	ar ofEvents 2022
Date	SFGEvents Non SFGEvent
TBC	Giants Club Summit, Gabon
	Giants Club Safari with ourne sfor Giants	Gabon
Janua	Dubai Environment Minis resentation	&DP	World	GC event	lannin	tri
February	Milken Institute (networking and visibllttyj
	UK Board Workshop
	U.S.Fundraising trip
	USA Board Worksho
March	Aspen Ideas: Climate in Florida (3-7th March)
	DP World Africa leader event &dinner
	UK &.Europe Fundraising Trip
	Wes Edens hosted weekend, Jackson Hole,	USA
	GC dinner —Damian As inall, SHS, London
April	Skoll World Forum in Oxford
	UN CBD in Kunming (25th April - 8th May)
	ICCB —International Conference on Conservation		Biology, Kigali		(21st - 22nd April)
	Angola Elephant Collaring
	Green 14IPO
June	Young Giants' trip to Kenya
	SFGJoint Board Meeting, Suyian, Kenya
	As en Ideas Fest 27th June - 1stJul
Se tember	UNGA 77in New York 13th Se tember
October	US fundraising Trip
	UK&Europe Fundraising Trip
	SFGAnnual Plannin Retreat, Ken a
November	CoP27 in Egypt (7th -18th November)
	Giants Club Members Dinner, London
	S ace for Giants oint Board Meetin

Name	Role		Start date
Ste hanie Sluka Brauer	Mana in Director- Fundraisin	and Communication	18th anua	2021
Tammy Bean-Klette	Technical Assistant to the MD		1stFebruary	2021
	Conservation
Emilia Keladitis	Managing Director- Finance and		1stApril 2021
	Governance
Nester Phakati	Wildlife ustice Advisor, KAZA		21stJune 2021
Lindsey Tainton	Marketing and communications		1stMay 2021
Watcham	Lead
Priscilla Buta ira	Countr Coordinator, U anda		1stMa 2021
Har Wells	Conservation Science Fellow		1stMa 2021
Hans Ekorezock	Gabon Pro amme Officer		1Au ust 2021
Lorian Vincent	Finance and 0 erations Director		9th Se tember 2021
Conor Eastment	Gabon Pro ramme Officer		20 Se tember	2021
Faith Nyagwoka	Human Resource and Office		1stOctober 2021
	Mana er

					Total	Total
		Notes	Restricted	Unrestricted	2021	2020
			6	6		6
Income
Donations and legacies		16	1,103,993	2,294,188	3,398,181	2,482,592
Total income			1,103,993	2,294,188	3,398,181	2,482,592
Expenditure
Expenditure on Raising Funds:
Cost ofraising funds		17		492,756	492,756	260,734
Expenditure on charitable	Acdvitiesi
Cost ofcharitable activities		18	1,115,969	1,488,147	2,604,116	2,440,056
Total expenditure			1,115,969	1,980,903	3,096,872	2,700,791
Net income / (expenditure)			[11,976)	313,285	301,310	(218,198)
Other gains or Posses)		5	(4,252)	586	(3,666)	2,746
Reconciliation offunds
Total funds brought forward			147,965	802,066	950,031	1,165,483
Transfer between funds		14	123,979	(123,979)
Total funds carried forward			255,716	991,958	1,247,674	950,031

	Notes	2021	2020
Fixed assets		6	5
Intangible assets Tangible assets		151 92,320	196 125,920
Total fixed assets		92,471	126,116
Current assets
Debtors Cash atbank and in hand	9 10	446,892 1,068,568	283,600 662,885
Total current assets		1,515,460	946,485
Creditors
Amounts due within one year	11	(327,128)	(79,237)
Current assets less current liabilities		1,188,332	867,248
Amounts falling due more than one year		(33,129)	(43,333)
Net assets		1,247,674	950,031
The funds ofthe charity:
Restricted funds	14	255,716	147,965
Unrestricted funds	13	991,958	802,066
Total funds carried forward		1,247,674	950,031

		Notes	2021	2020
				6
Cash flows from operating activities:
Cash generated from (used in) operation		22	415,596	(246,918)
Cash flows from investing activities:
Purchase oftangible fixed assets		8	(1,128)	(72,149)
Cash provided by (used	in) investing activities		(1,128)	(72,149)
Cash flows from finandng activities:
Bank loan received				50,000
Bank loan repayment			(5,833)
Payment to finance lease	creditors		(2,952)	(36,476)
Cash provided by (used	in] financing activities		(8,785)	13,524
Net Increase (decrease) in cash and cash equivalents			405,683	(305,544)
Cash and cash equivalent	atthe beginning ofthe year		662,885	968,429
Cash and cash equivalent	atthe end ofthe year		1,068,568	662,885
Relating to:
Cash at bank and in hand			1,068,568	662,885

3) Netmovementinfunds
						2021	2020
						6	6
This isstated after charging /	(crediting)		i
Depreciation and amortisation	ofowned fixed			assets		30,405	42,093
Loss on disposal							8,776
Auditors' remuneration —audit	ofthe financial			statements		7,800	7,800
4) Staffcosts and emoluments
The employee costs were as follows:
						2021	2020
						6	6
Gross salaries and wages						650,124	420,630
Total staif costs						650,124	420,630
The average number ofemployees		during the		year was 35(2020:36).
The number ofemployees whose annual remuneration					was 660,000or	more were:
						2021	2020
						6	6
Number ofemployees
No remuneration or benefits were		paid to any		trustee	during the period	covered by the report and finan
statements, nor were any expenses		reimbursed		to trustees.
5) Other gains orlosses
Foreign exchange gains / (losses)
						2021	2020
						6	6
Restricted						(4,252)	944
Unrestricted						586	1802
						(3,666]	2,746

	2021	2020
	E	E
Total Income	1,502,550	1,737,584
Total expenditure	(1,548,397)	(1,764,535)
Net income / (expenditure)	(45,847)	(26,951)
Assets	270,551	313,614
Liabilities	(33,961)	(31,176)
Net assets / (liabilities)	236,591	282,438
7) Intangible assets
	Software	Total
	E	E
Cost
At 1January 2021	638	638
Exchange adjustment	(23)	(23)
At31December 2021	615	615
Depreciation
At 1January 2021	442	442
Charge for the year	38	38
Exchange adjustment	(16)	(16)
At 31December 2021	464	464
Net book value
At31December 2021	151	151
At31December 2020	189	189

8] Tangible fixed assets
			Fixtures and
	Motor vehicles 6	Computer equipment	fittings, tools and equipment 6	Total 6
Cost
At 1January 2021 Additions Disposal	191,997	18,192 1,128	6,405	216,594 1,128
Exchange adjustment	[6,710)	(553)	(224)	(7,487)
At 31December 2021	185,287	18,767	6,181	210,235
Depreciation
At 1January 2021 Charge for the year	74,325 28,390	12,445 1,676	3,903 302	90,673 30,368
Disposal
Exchange adjustment	(2,597)	(393)	(136)	(3,127)
At 31December 2021	100,117	13,728	4,068	117,914
Net book value
At31December 2021	85,169	5,038	2,113	92,320
At31December 2020	117,671	5,747	2,502	125,920
9) Debtors
			2021	2020
			6	6
Trade debtors			266,787	211,580
Amount due to related party j'note 20)			29,253	62,282
Other debtors			72,729	5,161
Prepayment and accrued income			78,122	4,577
			446,891	283,600
10) Cash at bank and in hand
			2021	2020
			6
Cash at bank			1,068,310	662,701
Cash on hand			258	184
			1,068,568	662,885

11) Amounts falling due within one year
	2021	2020
		6
Trade creditors Other creditors Accruals and deferred income Obligation under finance lease and hire purchase contract Loans and borrowings*	72,421 15,203 228,466 11,038	46,821 8,147 14,650 2,952 6,667
	327,128	79,237
Amount falling due after one year:
Loans and borrowings*	33,129	43,333
	33,129	43,333

13) Anal	ysis ofnet asset	s betwee	n funds
			Restricted	Unrestricted	Total	Total
			2021	2021	2021	2020
				6
Fund balance represented		by:
Intangible	assets			151	151	196
Tangible	assets			92,320	92,320	125,920
Current assets / j'liabilities)			255,716	932,616	1,188,332	867,248
Non-current assets / fliabilities)				(33,129)	(33,129)	(43,333)
At end of	year		255,716	991,958	1,247,674	950,031

		At31				At 31
		December				December
		2020	Income	Expenditure	Transfers	2021
		E	E	E	E	E
Assala (2) African Elephant Fund Big Give 2020 Biopama Chemonics International Defra IWT RS(1] Defra IWT R7(1) Elephant Cooperation (1,2] Elephant Crisis Fund EU (1] INL Angola (1)*		5,032 (28,278] 9,756 (3,081) (82,709] 91,372	285,719 35,877 10,046 2,346 119,692 109,477 45,614	(205,473] (20,355] (11,903] (12,171] (156,865) (370) (85,856) (5,779) (4,543] (88,618]	12,756 2,148 15,376 84,010	85,279 (2,125) 2,346 (24,878] 109,106 (85,856) 39,835 (3,242] 2,755
ICAP		124,274		(132,183)	7,909
JM Wildlife Foundation		(155)	32,507	(31,258]		1,094
Julie-Anne Uggla James Knight Conservation		(7,500]	200,034 100,000	(132,195) (100,000]		60,340
Mohamed Bin Zayed Foundation		10,287				10,287
Olam Space for Giants USA (1,2]		10,702	28,236	(5,717)		22,519 10,702
The African Wildlife Foundation The Leopardess Foundation	(3)	(13,723)	112,585 21,860	(99,675) (22,826]	813 966
UNDP USAID (1]		16,454 15,534		(4,433)		12,021 15,534
Total restricted funds		147,965	1,103,993	(1,120,221]	123,979	255,716

16) Income:
	Restricted 2021	Unrestricted 2021	Total 2021	Total 2020
		6	6
Donations and legacies:
Aasala African Elephant Fund Big Give Biofund Biopama CAF Chemonics International Defra Elephant Cooperation Elephant Crisis Fund Evgeny Lebedev ICAP INL Angola James Knight Conservation Inv JM Wildlife Foundation Julie-Anne Uggla Mohamed Bin Zayed Foundation Diam Space for giants USA* The African Wildlife Foundation The Goldman Sachs The Leopard Foundation Uganda Wildlife Authority UNDP USAID	285,719 35,876 10,046 2,346 229,169 45,614 112,585 100,000 32,507 200,035 28,236 21,860		285,719 35,876 10,046 2,346 229,169 45,614 112,585 100,000 32,507 200,035 28,236 21,860	245,395 29,127 29,127 1,572 2,500 111,418 16,203 10,126 10,126 40,000 255,177 10,287 229,448 143,370 6,016 76,581 123,082 40,158 15,534
Total restricted	1,103,993		1,103,993	1,455,994
Unrestricted donations		2,294,188	2,294,188	1,026,598
Total income	1,103,993	2,294,188	3,398,181	2,482,592

		Restricted 2021	Unrestricted 2021	Total 2021	Total 2020
		6		6
Expenditure on raising funds:
Other fundraising Staffcosts	costs		343,449 149,307	343,449 149,307	236,292 24,442
Total expenditure	on raising funds		492,756	492,756	260,734

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22] Cash generated from operations
		2021	2020
			6
Surplus or (deficit] for the year		301,310	(218,198]
Adjustments for:
Depreciation, amortisation and impairment Other non cash items (disposal oftangible Foreign exchange difference	for fixed assets fixed assets)	30,405 3,666	42,093 8,776 (2,746]
Movements in working capital:
(Increase] /decrease in debtors Increase /(decrease) in creditors		(163,291] 243,506	(64,953) (11,890)
		415,596	(246,918)