KENYA￿LDLIFE TRUST UK KENYA WILDLIFE TRUST UK Charltable Incor orated Or anlsatlon ANNUAL REPORT and FINANCIAL STATEMENTS for the ear ended Oth A rll 202 KENYA WILDLIFE TRUST UK a Charltable Incorporated Organisatlon Annual Report and Flnanclal Statements, 2023 INDEX Section Page 1. Glossary of abbreviations 2. Legal Information and Administrative Information 3. Structure.Governan￿ and Management 4. Kenya Wildlife Trust UK history and background of the Charity 5. Report of the Trustees 10-13 6. Financial Review 14 7. Declaration of the Trustees 15 8. Statement of Trustees, Responsibilities in Relation to the Financial Slatements 16 9. Financial Statements For the year ended 30th April, 2023 17-21 Page-l KENYA WILDLIFE TRUST UK a Charitable Incorporated Organlsatlon Annual Report and Flnancial Statements, 2023 KVIT KEt¢YAMLDLIFEThU5TUK 1. Glo Sa of Abbrevlatlons CIO- Charitable InGorporated Organisatlon The CIO or Kwf-UK- Kenya Wildlife Trust UK (formerly The Friends of Kenya Wildlife Trust UK) Kenya Republic of Kenya Kwf - Kenya Wildlif8 Trust, a Kenyan irrevocable public Charitable trust Tru8tees- Trustees of Kenya Wildlife Trust UK MPCP- Mara Predator Conservation Programme CAF- Charrties Aid Foundation Page-2- KENYA WILDLIFE TRUST UK a Charitable Incorporated Organlsation f2dT Annual Report and FlnanGial Statements, 2023 2. Le alandA ministratlve Information 2.1N ma and Inco oratlon The CIO was incorporated under the Charities Act 2011 on 29th June, 2015 as The Frlends of Kenya Wildlife Trust UK. On 20th January, 2021 the name of the CIO was changed to KENYA WILDLIFE TRUST UK. .2Re Istratlon Number The CIO was registered with the Charity Commission for England and Wales under registration number 1162781 on 22nd July, 2015. 2.3 A¢ ountln Referenc Date 30th April in each calendar year 2.4 Re Istered Office and O eratlonal Addresg: Inglewood 6A Reeves lane Wing, Oakham Rutland LE15 8SD Trus The following served as trustees during the year.. Mark Rangeley Stanley Price, Chair of Trustees. Doceased 13th December, 2022 Helen Caroline Cullen, Secretary Robin Neville Cullen, Treasurer Christopher Hugh Tuite, Chair of Tru8tee8 from 11th January, 2023 Elizabeth Rosa Wark Prins 2.6 8ank•rs {1) Rarclays Bank plc 80, High Street Sevenoaks Kent TN13 1LR (2) PayPal (Europe) S.a.r.l. et Cle 22-24 Boulevard Royal L-2449 Luxembourg Pag¢-3- KENYA WILDLIFE TRUST UK a Charllable Incorporated Organisatlon Annual Report and Financlal Ststements, 2023 2.7 Re ort of the Trustees for th arend d 30th A ril 2023 The Trustees present their annual report and accounts for the CIO for the year ended 30th April, 2023. The accounts and financial statements have been prepared in accordance with the accountlng policies set out in the rtotes to the accounts and comply wtth the Charits'es Act 2011 and the CIO'S amended and restated Constitution dated 8th February, 2021. .8 Alms and Ob ectlves The CIO exlsts solely ft)r charitable purposes as set out in ts objects clause contained in the CIO'S amended and restated Constitution dated 8th February, 2021. The CIO seeks to benefit the peoples of Kenya in particular, but not excluslvely, for the relief of poverty and sickness, the advancement of education and the conserrfation and prot8Ction of the environment. 2.9 Actlvltle for Pu 'c Beneflt The Trustees confirm that they have referred to the guidance contained in the Charity Commlssion's general guidan￿ on public benefit when reviewing the CIO'S aims and objectives and in planning future funding activities and setting the funding policy for the year. Page-4- KENYA IIVILDLIFE TRUST UK a Charitable Incorporated Organisatlon Annual Report and Flnanclal Statements, 2023 tructure rnance and Mana ement 3.1 Governln Do ument The CIO is govemed by a Constitution dated 8th February. 2021 which amended and restated that signed upon It's incorporation on 29th June, 2015. 3.20 anisatlo TheTrustees listed in 2.5 were appointed under the CIO'S Constitution. The Trustees are responsible for the general conirol, management and day to day administration of the CIO. The Trustee TreasLbrer oversees the completion of the Annual Report and Accounts. The Trustees give their time freety and receive no remuneration or other financial benefits. The Trustees meet regularly and are responsible for all decisions taken in relatlon to running the CIO. Attended tho following meétings during the ear 12th August, 2022. 9th November, 2022. Deceased 13th December. 2022 12th August, 2022., 9th November, 2022,. 11th Janua 2023,. 7th A ril, 2023. 12th August. 2022: 9th November. 2022., 11 th Janua , 2023; 7th A ril. 2023. 12th August. 2022., 9th November, 2022: 11th January. 2023., ￿7th A ril. 2023. 9th November, 2022. 11th January. 2023; 7thA ril, 2023 Nam• of Trustee Mark Rangeley Stanley Price Helen Caroline Cullen Robin Neville Cullen Christopher Hugh Tuite Elizab6th Rosa Wark Prins By virtue of the fact that all Trustees are Members and there are no other Membérs. currently. then the Trustees agree that all meetings are also Members meetings. Pag¢-5- KENYA WILDLIFE TRUST UK a Charltable Incorporated Organlsatlon Annual Report and Financlal Statsments, 2023 3.3 Recrultment and a ointment of Trustses The amended and restated Con8titution dated 8th February. 2021 prowdes for a minimum of three trustees and a maximum of Iwelve trusteas. New trustees are appointed by the Truste88 for a term of three years. Trustees can be re-appointed for a further 3-year term and exceptionalty for another 3-year temi (ie maximum 9 years), after which they must stand down for an inten￿1 of at least one year before any further appointment can be made by the Trustees. The first Trustses namely Mark Rangeley Stanley Price, Robin Neville Cullen and Helen Caroline Cullen wer8 originally appointed for terms of 2 years, 3 years and 4 years respe￿1Ve1Y from 29th June, 2015. On 30th May, 2017 the Trustees re-appointed Mark Rangeley Stanley Price as a Trustee for a further term of 3 years from 29th June, 2017 and on 24th June, 2020 for a further term of 3 years from 29th June, 2020 in accordance wrth the Constrtution. On 21 st May, 2018 the Trustees re-appointed Robin Neville Cullen as a Trustee for a further tem of 3 years from 29th June, 2018 and on 3rd June, 2021 for a further temi of 3 years from 29th June, 2021 In accordance with the Constitution. On 12th June, 2019 the Trustees re-appointed Helen Caroline Cullen as a Trustee for a further tem of 3 year8 from 29th June 2019. Christopher Hugh Tuite was originally appointed as a Trustee for 3 years from 12th October, 2015 and on 13th September, 2018 for a further temi of 3 years from 12th October, 2018 and on 16th September, 2021 for a further term of 3 years from 12th October. 2021 in accordance with the Constitution. On 30th July, 2020 the Trustee6 appointed Elizabeth Rosa Wark Prins as a Trustee for an initial term of 3 years. On 11 th May. 2022. the Trustees re-appointed Helen Caroline Cullen a8 a Trustee for a further temi of 3 years from 29th June. 2022. On 13th De￿Mber, 2022, Mark Rangeley Stanley Price passed away. His name was removed from the list of trustees on 11th January, 2023. On that date Christopher Hugh Tuite was appointed Chairman of Trustees. 3.4 Mana ement The TrUSt￿S hold a minimum of three meetings a year at which they develop strategy and agree and review areas of activity for the CIO including marketing and fund-raising, grant-making, policy-making and performance. Pag¢-6- KENYA WILDLIFE TRUST UK a Charftablg Incorporated Organisatlon Annual Report and Flnancial Statements. 2023 The Trustees work closely with Ihe Kwf in Nairobi whiGh is the GlQ'3 eyes and ear8 on the ground in Kenya and upon whose grant making and monitoring and evaluation framework the CIO relies significantly for many of the gtants it makes. The information provided by the Kwf assists the Trustees in assessing the performance of grants to date and in considering the extension. cessation or suspension of existing grant approvals. Vvhilst on one hand placing reliance on the Kwf's framework, the CIO seeks always to retain its Independen￿ over where its monies might be granted. to the W or elsewhere, where it can contribute for the public benefit and meet its objectives. Additionally, some of the Trustees usually visit one or more of the projects which the CIO is supporting and meet with key project directors, annualty, as well as having regular contact face to face with the W in Nairobi. The Trustees also encourage project directors of projects that the CIO Is supporting and the directors and staff of the Kwf to make contact when they are in the UK and to meet with the Trustees. sin￿ the COVID restrictions have been lifted in both UK and Kenya, all the Trustees have vlsited Kenya at least ￿￿ce both making contad and meeting with Kwf and visiting the MPCP and have been updated by the current team. All of theTru8tees give of their time freely and are not remunerated. Details of any Trustee expenses and related party transactions are disclosed in the notes to the accounts. Trustees are required to disclose all relevant interests and register them at the start of every meeting and in accordance with the CIO'S policy must wrthdraw from decisions where a conflict of interests arise8. The day to day processlng and admlnlstration of donatlons and grants Is handled by the Secretary, 3.5 Rl k Mana The Trustees have developed a Risk Management Policy which sets out how the Trustees manage risk and the appetite that the Trustees have for laking risk. This Policy was approved at the meeting held on 23rd June, 2020. The Trustees have identif￿d the key risks to which the CIO is exposed and have assessed the likelihood and impact of certain events. The Truslees maintain a risk register which is periodically,. they have given consideration to the major risks to which the Charity is exposed and satisfied themselves that 8yslems or procedures are established in order to manage those risk8. Thè Tru9tees continually review and develop the risk register and, where appropriate, the systems and procedures, to mitigate risk. The CIO registered with the Informats'on Commissioner'8 Office on 31 st May, 2018 as required by GDPR at the time, and continues to be registered as required by UK GDPR. The CIO maintains trustee indemnity Insuran￿ for the Truste8S. Pag¢-7- KENYA WILDLIFE TRUST UK Charitable Incorporated Organisatlon Annual Report and Flnancial Statsments, 2023 3.6.Grant-Makin The CIO believes in making grants to trusted partners who demonstrate a track record of SUC￿$5, and who are then expected to commit to cleady articulated outcomes and targets within a given timeframe as part of a grant agreement. In awarding grants, the Trustees give du8 consideration to eligibility of the prospective grantee. geographical area within Kenya, whether organisation or individual, known background and history and views, knowledge and recommendations of the Kwr. Once a grant has been awarded. the CIO uses a monltoring and evaluation framework to h81p manage their grant porfolios with the in-country assistance of the Kwf. Under thi8 framework monitoring is continuous and routine data co1￿ctIon and reporting takes Pla￿ to ensure that the project adivities are meeting the set objectives. on￿ the proiec# or the programme is completed then il is evaluated and assessed to improve ongoing impact and effectiveness. Pagc-8- KENYA WILDLIFE TRUST UK a Charitable Incorporat￿ Oryanisatlon Annual Report and Finan¢lal Statements, 2023 Wildlife Tru K- histo and back round of the Cha The Kwf was established in 2007 by leaders in the Kenyan safari industry led by guides from the original Ker and Downey Safaris, with the principle aim of strengthening the connection beiw8en conservation and tourism. In 2013, the W moved into project implementation with the establishment of the flagship lion and cheetah montioring projects in the Maasai Mara, now consolidated as the Mara Predator ConseDiation Programme. The Kwf is dedicated to protecting Kenya's predators through a network of high-impact conservation Initiatives in the most important ecosystems for wildlife-based tourism.. the Greater Mara, Laikipia I Samburu and Amboseli l Tsavo. The Kw's key objective is to achieve measurable predator population increases in these ecosystems to their potential carrying capacity then ensuring thos8 figur8S Stabilise. A further goal is to work with and support community projects which reinforce predator conservatlon, whilst providing a primary healthcare seprfice to isolated populations and supporting higher education which will ensure the future conservation of Kenya's wildlife. In 2012, a conventional Charitab￿ trust was fomed under UK Law by British supporters and registered with the Charity Commission. However, rt soon became apparent that, in order to attracl significant donors and donations in the UK, which in turn would enable a greater contribution to some of the projeds in Kenya and enhance our allian￿ wilh the KWT, It needed higher profile trustees with speGific skills, prepared to serve on the board. The Trustees dbd not believe this to be possible whilst continuing with that structure and therefore set about a restructure wrth the help of the Charity Commission. It was ¢oncluded that a then relativety new charrtable structure called a CIO, would be the most suitable successor body and The Friends of Kenya Wildlife Trust UK was fomed, as a CIO, on 29th June, 2015 and registered with the Charity Commission on 22nd July, 2015. The Trustees then wound down the Or￿inal trust and transferred it's funds to the CIO. Subsequent to this, the CIO changed its nam8 on 8th February, 2021 to Kenya Wildlife Trust UK. The CIO and the Kwf share similar charitable objeGtives, vision, mission and values. The CIO aims to, but doe8 not exclusivety, make substantial grants of our own by way of funding to projécts that the Kwf supports. Page-9- KENYA WILDLIFE TRUST UK Charltsble Incorporated Organi8ation Annual Report and Financial Ststements, 2023 orl of e Trustees 5.1 Dr Mark Slane Prlce It is with great sadness that we report that Mark passed away at his home in Oxford on 13th December, 2022. He had been Chairman since the inception of the charty. A remarkable conservation scientist with 40 years of exper￿nce working in Africa and West Asia, Mark's professional achievements were many and we won't restate them here since the many obltuarie8 available on the internet cannot be surpassed with repetition. Mark was a truly likeable. wam and engaging person. He always managed to get the best out of our little board and strtved determinedly to raise our profile. Always honest. he usually found a way and achieved consensus without appearing to try very hard. It was, by turns, effortless and brilliant. His motivational enthusiasm and energy will be extremely hard to repla￿. A life well-lived, achieving so much for the future, he will be sadly missed but remembered for his joy in it. Karen, Mark's wife, has been especially kind to all the Trustees in supporting our meetings at their home near Oxford. over the years, and has sep4ed up the most enjoyable and convivial lunches. Our thoughts are wrth her and their daughters, Te&8a and Freya. .2 Admlnlstratlon The CIO Is a registsred UK Charrty and is also registered wrth HM Revenue and Cu81oms for tax purposes. This enables the Charity to reclaim tax in relation to donations made by UK resident Individuals via the Grfl Aid scheme and gives UK tax exemptions in relation to income and capital gains arising in the course of its charitable actNities. 3 Our Misslon To provide funds to data-drtven and community supported predator conservation efforts that enable the long-term viaibility of predator populations in Kenya. 4 Our Vi8ion Our vision is a Kenya where healthy predator populations are the comerstone of thriving ecosystems. Our Values Rèsults focussed: we are committed to setting clear. measurable targets for which we deploy funds and monitor progress. Trust: we believe that trust is a critical component to successful working relationships between our slakeholders. including donors. grantees. staff and TruSt￿S. Page-lO_ KENYA WILDLIFE TRUST UK a Charitable Incorporated Organlsation Annual Report and Financlal Ststements, 2023 Transparency and Accountabillty: As stewards of donations, V￿ believe in transparency and accountability of funds ensuring that all donations are directed to projects in the field and the use of those funds are monitored appropriately Expertise and Knowledge: we believe in the value of scientrfic monitoring and data to inform conservation strategies. .6 Our Foc The CIO shares a common focus wrth the Kwf and we maintain close links in support of their work in Kenya. Predators: Kwf-UK is a finn supporter of the MPCP, Kwfs flagship programme, whose overarching objective is to support stable. healthy predator populations in the Greater Mara Ecosystem by providing scientific eviden￿ for conservation action. The programme embodies the Kwf's value proposrtion of being drivèn by sciénce and focussed on people. MPCP'S objectives and activitles are realised through two teams- Re8earGh and Community who work to ensure that predators and people co-exist peacefully Genuine community engagement complements praGtical Conservation management recommendations, solutions and ideas developed through robust research and monitoring practI￿S. Poople: We support conservation work which is strongly anchored in collaborating with communities living alongside wildlife. The Kwf works with and empowers local communities and educates all stakeholders about conseNation and environmental stewardship. Fundamental to this is thè Kwf's Conservation Leadership Programme which hopes to ensure Ihat the unique knowledge of young people in Kenya's core ecosystems of the Greater Mara, Amboselirrsavo and Laikipialsamburu can be enhanced by a quality higher education degree. The programme offers full funding to study wildlife Gonservatk)n at undergraduate level at a group of hand-picked universities in Kenya and works with local schools and NGOS to select gifted students with leadership potential who would not otherwise have the opportunity to pursue a qualty education. Partnershlps: We belteve a target driven and collective approach will lead to much more effectiva work in these core ecosystems. We develop and strengthen partnerships with like-minded organlsations working together to achieve greater impacts in predator conservation. We support granl-making to strengthen grassroots organisations, many of whom know more about the realrties of these ecosystems than anyone. We are prepared to make grants to organisations focusing on protection of predators as well as community health and education pro}ects. Activitles For Kenya. wildlife is a major contributor to both national and IoGal economies. Tourism earns foreign exchange, whilst tourist facilities and c￿aliVe land-use models, such as the ever-spreading conservancies, channel funds to local communits.es both through employment opportunities and also a8 rents to the traditional land-owners. Pag¢-il- KENYA WILDLIFE TRUST UK Charltable Incorporated Organlsation Annual Report and Flnancial Ststements, 2023 Much of Kenya comprises semi-arid and arKI common access lands. 8UPPOrting populations which have different cultures, traditions and beliefs. Many of them are semi-nomadic and these days they need to cooxist with other peoples with different objectrves and whose diverse livelihoods include both working the land and conservation. Tourism is often a fundamentsl part of the land use in such areas. There is nothing to bring tourists and visrtors to these areas in numbers without the wildlife. Thls wildlrfe is unique to Africa and under threat from pre8sure of people everywhere. It Is tough for these peoples to eke out a living and most often rt is the wildlife habitat that is destroyed andlor wild animals who ar8 forced to move or be killed. In such 8ltuation8 of competition for resources, or even of direct conflict, it is commonly the large carnivores that are first targeted or suffer reduction or even local extinction but the impact extends to other wildlife, particularly birds, especially Whe￿ poisoning is involved. Our vision seeks to create an environment In which people and camivores SUCCAssfully co-exist.. where pèople recogni8e the value of the wildlife and want to presepie it as part of their heritage and Kenya's future. In common with the Kwf, KWT-UK is committed to raising funds to support data4riven and community-supported predator conservation efforts. We believe in making grants to trusted partners that have a demonstrated track record of success. We expect to buiid a relationship based on trust so that grants can be primarity unrestricted allowing grantees to utilise resources as they see fit, so that they can achieve the greatest amount of impact themselves. Grante•9 aré selected because they embody our values. Whilst our natural link and philosophy are to the Kwf, we believe in 3UPPOrting the diversity of new African civil organi8alion3 that are demonstrably welkrun and govemed and whose missions coincide with ours. Consequently, we have a grant application process that runs independently of the funding needs of the Kwf. lthilst we aim primarity to fund efforts wrthin Kenya's three most important ecosystems, we will consider projects in other areas of Kenya which support broader predator monitoring and conservation. Further information is available at h s.l1w￿.ken awildlifetrust.o 5.8 Commltment Th@. last ye2r h2É conlinuad to b• diifroult •nd a whilot thcre haa tspen oome rocus piacea on Identifying possible funding sources for Kwf, the Twstees have found it difficult to move on following the death of Mark Stanley Price. The Trustees still feel we should be able to find our own niche in the very competitive UK market for fund-raising for conseniation in Africa. However, we also feel that before we can do that we need to revitalise the Board of Trustees and encourage the invofvement of new blood with more experience and higher profiles than ourselves. this in mind we have been taking some tentative step$ towards recruiting new board membepJ. Page-12- KENYA WILDLIFE TRUST UK a Charltable InGorporated Organlsation Annual Report and Flnancial Ststsments. 2023 More importantly, though. we need to develop a strategic plan which will guvje us for at least 3 years. Moving forwards is dependent upon having a plan and for that we need a fully functioning and collectively more experienced board of trustees who I￿n execute the plan. More to follow on this in the future. We feel that the UK Board and CIO is an important support to in many ways other than as a mere provider of funding. As such. it makes for an unusual model, and will guide the search for further trustees with the aim of enhancing this technical