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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|





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|Status|||||Space for Giants<br>is a|charitable||company||limited|limited|by guarantee,|by guarantee,|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||incorporated<br>on 1 October 2014and registered|||||||as a charity|on|
||||||17November 2014.|||||||||
|Governing||Document|||The<br>company<br>was|established||under||a|memorandum||of|
||||||association<br>which<br>established||the objects and|||||powers of|the|
||||||charitable<br>company|and<br>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,<br>CBE||||||||
||||||Michael Andrew Count|||||||||
||||||Janice Elizabeth<br>Hughes|||||||||
||||||Paul Derek Bucldey (resigned 31"July 2021)|||||||||
||||||Carolina Miiller-Mohl<br>(resigned 6u May 2021]<br>Adam Charles Kerr (resigned 1"November 2021]|||||||||
|Registered||Address and|||80-83Long Lane|||||||||
|Operation|office||||London|||||||||
||||||EC1A9ET|||||||||
|Website|||||h<br>s;<br>s acefor iants.or|||||||||
|Email|||||info<br>s acefor 'ants.|or||||||||
|Independent||Auditor|||Carbon Accountancy|Limited||||||||
||||||80-83Long 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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|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<br>in FFJ|||||
|%Unrestricted||||50%+|52%|
||includin<br>li<br>htl|restricted||||





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



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|5.<br>Calend|ar ofEvents 2022||||||
|---|---|---|---|---|---|---|
|Date|SFGEvents<br>Non SFGEvent||||||
|TBC|Giants Club Summit,<br>Gabon||||||
||Giants Club Safari with<br>ourne<br>sfor Giants|Gabon|||||
|Janua|Dubai Environment<br>Minis<br>resentation|&DP|World|GC event|lannin|tri|
|February|Milken Institute<br>(networking<br>and visibllttyj||||||
||UK Board Workshop||||||
||U.S.Fundraising<br>trip||||||
||USA Board Worksho||||||
|March|Aspen Ideas: Climate in Florida (3-7th March)||||||
||DP World Africa leader event &dinner||||||
||UK &.Europe Fundraising<br>Trip||||||
||Wes Edens hosted weekend, Jackson Hole,|USA|||||
||GC dinner<br>—Damian As inall, SHS, London||||||
|April|Skoll World Forum in Oxford||||||
||UN CBD in Kunming<br>(25th April - 8th May)||||||
||ICCB —International<br>Conference on Conservation||Biology, Kigali||(21st - 22nd April)||
||Angola Elephant<br>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<br>Trip||||||
||UK&Europe Fundraising<br>Trip||||||
||SFGAnnual<br>Plannin<br>Retreat, Ken a||||||
|November|CoP27 in Egypt (7th -18th November)||||||
||Giants Club Members Dinner, London||||||
||S ace for Giants<br>oint Board Meetin||||||



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



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||||||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<br>on Raising Funds:|||||||
|Cost ofraising funds||17||492,756|492,756|260,734|
|Expenditure<br>on charitable|Acdvitiesi||||||
|Cost ofcharitable<br>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<br>assets<br>Tangible assets||151<br>92,320|196<br>125,920|
|Total fixed assets||92,471|126,116|
|Current assets||||
|Debtors<br>Cash atbank and in hand|9<br>10|446,892<br>1,068,568|283,600<br>662,885|
|Total current assets||1,515,460|946,485|
|Creditors||||
|Amounts<br>due within one year|11|(327,128)|(79,237)|
|Current assets less current liabilities||1,188,332|867,248|
|Amounts<br>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<br>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<br>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<br>by (used|in) investing activities||(1,128)|(72,149)|
|Cash flows from finandng<br>activities:|||||
|Bank loan received||||50,000|
|Bank loan repayment|||(5,833)||
|Payment to finance lease|creditors||(2,952)|(36,476)|
|Cash provided<br>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|





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|3) Netmovementinfunds||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||6|6|
|This isstated after charging /|(crediting)||i|||||
|Depreciation<br>and amortisation|ofowned fixed|||assets||30,405|42,093|
|Loss on disposal|||||||8,776|
|Auditors'<br>remuneration<br>—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<br>or benefits were||paid to any||trustee|during the period|covered by the report and finan||
|statements,<br>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<br>vehicles<br>6|Computer<br>equipment|fittings, tools<br>and equipment<br>6|Total<br>6|
|Cost|||||
|At 1January 2021<br>Additions<br>Disposal|191,997|18,192<br>1,128|6,405|216,594<br>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<br>Charge for the year|74,325<br>28,390|12,445<br>1,676|3,903<br>302|90,673<br>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<br>due to related party j'note 20)|||29,253|62,282|
|Other debtors|||72,729|5,161|
|Prepayment<br>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<br>Other creditors<br>Accruals and deferred income<br>Obligation<br>under finance lease and hire purchase contract<br>Loans and borrowings*|72,421<br>15,203<br>228,466<br>11,038|46,821<br>8,147<br>14,650<br>2,952<br>6,667|
||327,128|79,237|
|Amount<br>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<br>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<br>(2)<br>African Elephant Fund<br>Big Give 2020<br>Biopama<br>Chemonics<br>International<br>Defra IWT RS(1]<br>Defra IWT R7(1)<br>Elephant Cooperation (1,2]<br>Elephant<br>Crisis Fund<br>EU (1]<br>INL Angola (1)*||5,032<br>(28,278]<br>9,756<br>(3,081)<br>(82,709]<br>91,372|285,719<br>35,877<br>10,046<br>2,346<br>119,692<br>109,477<br>45,614|(205,473]<br>(20,355]<br>(11,903]<br>(12,171]<br>(156,865)<br>(370)<br>(85,856)<br>(5,779)<br>(4,543]<br>(88,618]|12,756<br>2,148<br>15,376<br>84,010|85,279<br>(2,125)<br>2,346<br>(24,878]<br>109,106<br>(85,856)<br>39,835<br>(3,242]<br>2,755|
|ICAP||124,274||(132,183)|7,909||
|JM Wildlife Foundation||(155)|32,507|(31,258]||1,094|
|Julie-Anne<br>Uggla<br>James Knight Conservation||(7,500]|200,034<br>100,000|(132,195)<br>(100,000]||60,340|
|Mohamed<br>Bin Zayed Foundation||10,287||||10,287|
|Olam<br>Space for Giants USA (1,2]||10,702|28,236|(5,717)||22,519<br>10,702|
|The African Wildlife Foundation<br>The Leopardess Foundation|(3)|(13,723)|112,585<br>21,860|(99,675)<br>(22,826]|813<br>966||
|UNDP<br>USAID (1]||16,454<br>15,534||(4,433)||12,021<br>15,534|
|Total restricted<br>funds||147,965|1,103,993|(1,120,221]|123,979|255,716|



## 



## 

|16) Income:||||||
|---|---|---|---|---|---|
|||Restricted<br>2021|Unrestricted<br>2021|Total<br>2021|Total<br>2020|
||||6|6||
|Donations and legacies:||||||
|Aasala<br>African Elephant Fund<br>Big Give<br>Biofund<br>Biopama<br>CAF<br>Chemonics International<br>Defra<br>Elephant Cooperation<br>Elephant<br>Crisis Fund<br>Evgeny Lebedev<br>ICAP<br>INL Angola<br>James Knight Conservation<br>Inv<br>JM Wildlife Foundation<br>Julie-Anne<br>Uggla<br>Mohamed<br>Bin Zayed Foundation<br>Diam<br>Space for giants USA*<br>The African Wildlife Foundation<br>The Goldman Sachs<br>The Leopard Foundation<br>Uganda Wildlife Authority<br>UNDP<br>USAID||285,719<br>35,876<br>10,046<br>2,346<br>229,169<br>45,614<br>112,585<br>100,000<br>32,507<br>200,035<br>28,236<br>21,860||285,719<br>35,876<br>10,046<br>2,346<br>229,169<br>45,614<br>112,585<br>100,000<br>32,507<br>200,035<br>28,236<br>21,860|245,395<br>29,127<br>29,127<br>1,572<br>2,500<br>111,418<br>16,203<br>10,126<br>10,126<br>40,000<br>255,177<br>10,287<br>229,448<br>143,370<br>6,016<br>76,581<br>123,082<br>40,158<br>15,534|
|Total restricted||1,103,993||1,103,993|1,455,994|
|Unrestricted<br>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<br>2021|Unrestricted<br>2021|Total<br>2021|Total<br>2020|
|---|---|---|---|---|---|
|||6||6||
|Expenditure<br>on raising funds:||||||
|Other fundraising<br>Staffcosts|costs||343,449<br>149,307|343,449<br>149,307|236,292<br>24,442|
|Total expenditure|on raising funds||492,756|492,756|260,734|





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