KENYAWILDLIFE TRUST UK KENYA WILDLIFE TRUST UK a Charitable Incor orated Or anisation ANNUAL REPORT and FINANCIAL STATEMENTS for the ear ended 30th A ril 2024
KENYAWILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements, 2024 INDEX Section Page 1. Glossary of abbreviations 2. Legal Infomiation and Administrative Information 3. Structure,Govemance and Management 4. Kenya Wildlife Trust UK history and background of the Charity S. 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 Finanryal Ststements 16 9. Financial Statements For the year ended 30th April. 2023 17-21 Page-l-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements, 2024 ITAIYillLIFTv5IK 1. Glossa ol Abbreviations CIO- Charitable Incorporated Organisation The CIO or KW-UK- Kenya Wildlife Trust UK (formerfy The Friends of Kenya Wildlife Trust UK) Kenya Republic of Kenya - Kenya Wildlife Trust. a Kenyan irrevocable public charitable trust Trustees - Trustees of Kenya Wildlife Trust UK MPCP- Mara Predator Conservation Programme CAF- Charities Aid Foundation Page-2-
KENYA WILDLIFE TRUST UK a Charitsble Incorporated Organlsation Annual Report and Financial Statements. 2024 2. Le al and Administrative Inforniation 2.1 Name and Inco oration The CIO was incorporated under the Charities Act 2011 on 29th June, 2015 as The Friends of Kenya Wildlife Trust UK. On 20th January, 2021 the name of the CIO was changed to KENYA WILDLIFE TRUST UK. 2.2 Re istration Number The CIO was registered with the Charity Commission for England and Wales under registration number 1162781 on 22nd July, 2015. 2.3 Accountin Reference Date 30th April in each calendar year 2.4 Re istered Office and O erational Address: Inglewood 6A Reeves lane Wing, Oakham Rutland LE15 8SD 2.5 Trustees The following served as trustees during the year: Christopher Hugh Tuite, Chair of Trustees Helen Caroline Cullen, Secretary Robin Neville Cullen, Treasurer Elizabeth Rosa Wark Prins 2.6 Bankers 11) Barclays Bank plc 80, High Street Sevenoaks KentTN13 1LR {2} PayPal {Europe) S.a.r.l. et Cie 22-24 Boulevard Royal L-2449 Luxembourg Page-3-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements, 2024 2.7 Re ort of the Trustees for the ear ended 30th A ril 2024 The Trustees present their annual report and accounts for the CIO for the year ended 30th April, 2024. The accounts and financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charities Act 2011 and the CIO'S amended and restated Constitution dated 8th February, 2021. 2.8 Aims and Ob"ectives The CIO exists solely for charitable purposes as set out in its objects clause contained in the CIO'S amended and reststed Constitution dated 8th February, 2021. The CIO seeks to benefit the peoples of Kenya in particular, but not exclusively, for the relief of povety and sickness, the advancement of education and the conservation and protection of the environment. 2.9 Actlvltles for the Public Benefit The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance 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-
KENYAWILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements, 2024 3. Structure Governance and Mana ement 3.1 Governin Document 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. Amendments were made to the Constitution on 10th September, 2024 and are referenced in 3.3. 3.20 anisational Structure TheTrustees listed in 2.5 were appointed under the CIO'S Constitution. The Trustees are responsible for the general control, management and day to day administration of the CIO. The Trustee Treasurer oversees the completion of the Annual Report and Accounts. The Trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet regularly and are responsible for all decisions taken in relation to running the CIO. Name of Trustee Attended the following meetings during the ear 7th April, 2023; 19th July, 2023: 12th Janua , 2024 7th April, 2023; 19th July, 2023- 12th Janua , 2024 7th April. 2023. 19th July, 2023. 12th Janua 2024 7th April, 2023- 19th July. 2023- 12th Janua . 2024 Christopher Hugh Tuite Helen Caroline Cullen Robin Neville Cullen Elizabeth Rosa Wark Prins By virtue of the fact that all Trustees are Members and there are no other Members, currently, then the Trustees agree that all meetings are also Members meetings. Page-5-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements, 2024 ENtLUl1P£TP1tslUK 3.3 Recruitment and a ointment of Trustees The amended and restated Constitution dated 8th February, 2021 provides for a minimum of three trustees and a maximum of twelve trustees. New trustees are appointed by the Trustees for a term of three years. Trustees can be re-appointed for a further 3-year lerm and exceptionally for another 3-year lerm (ie maximum 9 years), after which they must stsnd down for an interval of at least one year before any further appointment can be made by the Trustees. The first Trustees namely Mark Rangeley Stanley Price. Robin Neville Cullen and Helen Caroline Cullen were originally appointed for terms of 2 years. 3 years and 4 years respectively from 291h June, 2015. On 30th May, 2017 the Trustees re-appointed Mark Rangeley Stanley Price as a Trustee for a further tenn 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 with the Constitution. On 13th December, 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. On 21st May, 2018 the Trustees re-appointed Robin Neville Cullen as a Trustee for a further term of 3 years from 29th June. 2018 and on 3rd June. 2021 for a fvrther term of 3 years from 29th June. 2021 in accordance with the Constitution. Robin Cullen stood down (retired) as a trustee under clause 10{2) of the Constitution dated 8th February, 2021 on 29th June, 2024. Mr Cullen Continued to provide support to the Board of Trustees acting as treasurer. On 12th June, 2019 the Trustees re-appointed Helen Caroline Cullen as a Trustee for a further term of 3 years from 29th June 2019. On 11th May, 2022. the Trustees re-appointed Helen Caroline Cullen as a Trustee for a fvrther term of 2 years from 29th June, 2022. Helen Cullen stood down (retired) as a trustee under clause 10(2) of the Constitution dated 8th February, 2021 on 29th June, 2024. Mrs Cullen continued to provide support to the Board of Trustees, acting as Secretary. Christopher Hugh Tuite was originally appointed as a Trustee for 3 years from 12th October. 2015 and on 13th September, 2018 for a further term of 3 years from 12th October. 2018 and on 16th September, 2021 for a further term of 3 years from 12th October. 2021 in accordan with the Constitution. The remaining Iwo Trustees. Christopher Hugh Tuite and Elizabeth Rosa Wark Prins met on 26th July, 2024 in accordance with Clause 10 of the Constitution and appointed a third Trustee for a term of three years, namely Deborah Ann Tuite. Also on 26th July, 2024 following the appointment of Deborah Ann Tuite the three Trustees. as the only Members, resolved to amend the Constitution so that the restriction affecting the number of terms that a trustee can serve be removed subject to trustees in future giving full consideration in re-appointing an individual for a further term of 3 years as Page-6-
KENYA WILDLIFE TRUST UK a Charitable In¢orporated Organisation Annual Report and FÉnancial Statements, 2024 to whether such appointrnent remains in the best interests of the charity. On 10th September, 202 the Charity Commission agreed these amendments to the Constitution Clauses 10 and 12 and th Trustees on that date re-appointed Robin Neville Cullen and Helen Caroline Cullen as Trustees fo years with immediate effect, and they were re-instated in their roles as Treasurer and Secretary, respectively. 3.4 Mana ement The Trustees hold a minimum of three meetings a year at which they develop strategy and agree nd review areas of activity for the CIO induding marketing and fund-raising, grant-making, policy-making and performance. The Trustees work closely with the KWT in Nairobi which is the CIO'S eyes and ears on the groun Kenya and upon whose grant making and monitoring and evaluation framework the CIO relies significantly for many of the grants it makes. The information provided by the assists the Trustees in assessing the perforniance of grants to date and in considering the extension. cessati or suspension of existing grant approvals. in Whilst on one hand placing reliance on the Kwf's framework. the CIO seeks always to retain its independence over where its monies might be granted. to the Kwf 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. annually, as well as having regular contact face to, face with the KWT in Nairobi. The Trustees also encourage project directors of projects that the CIO is supporting and the directors and stsff of the to make contact when they are in the UK and to meet with the Trustees. Since the COVID restrictions have been lifted in both UK and Kenya. all the Truslees have visited Kenya at least lce both making contact and meeting with KWT and visiting the MPCP and have been updated by the current team. All of theTrustees 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 withdraw from decisions where a conflict of interests arises. The day to day proSSIng and administration of donations and grants is handled by the Secretary. 3.5 Rlsk Mana ement The Trustees have developed a Risk Management Policy which sets out how the Trustees manage risk and the appetite that the Twstees have for taking risk. This Policy was approved at the meeting held on 23rd June, 2020. The Trustees have identified the key risks to which the CIO is exposed and have assessed the likelihood and impact of rtain events. The Trustees maintain a risk register which is periodically-, Page-7-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements. 2024 NYA¥rnDUFETRUSTUK they have given consideration to the major risks to which the Charity is exposed and satisfied themselves that systems or prOdureS are established in order to manage those risks. The Trustees continually review and develop Ihe risk register and. where appropriate. the systems and procedures. to mitigate risk. The CIO registered with the Infonnation Commissionerfs offi on 31st 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 Trustees. 3.6.Grant-Makin Polic The CIO believes in making grants to trusted partners who demonstrate a track record of success, and who are then expected to commit to clearty articulated outcomes and targets within a given timeframe as part of a grant agreement. In awarding grants, the Trustees give due 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 KWT. Once a grant has been awarded, the CIO uses a monitoring and evaluation framework to help manage their grant porfolios with the in-country assistance of the K. Under this framework, monitoring is continuous and routine data collection and reporting takes place to ensure that the project activities are meeting the set objectives. on the project or the programme is completed then it is evaluated and assessed to improve ongoing impact and effectiveness. Pa8e-8-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation f*WLDUFETRiISTUK Annual Report and Financial Statements, 2024 4. Ken a Wildlife Trust UK - histo and back round of the Chari The KWT 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 belween conservation and tourism. In 2013, the moved into project implementation with the establishment of the flagship lion and cheetah montioring projects in Ihe Maasai Mara, now consolidated as the Mara Predator Conservation Programme. The KWT is dedicated to protecting Kenya's predators through a neiwork of high-impact conservation initiatives in the most important ecosystems for wildlrfe-based tourism.. the Greater Mara, Laikipia I Samburu and Amboseli l Tsavo. The Kwfs key objective is to achieve measurable predator population increases in these ecosystems to their potential carrying capacity then ensuring those figures stabilise. A further goal is to work with and support community projects which reinforce predator conservation, whilst providing a primary healthcare service to isolated populations and supporting higher education which will ensure the future conservation of Kenya's wildlife. In 2012, a conventional charitable trust was fomied under UK Law by British supporters and registered with the Charity Commission. However. it soon became apparent that. in order to attract significant donors and donations in the UK, which in turn would enable a greater contribution to some of the projects in Kenya and enhance our alliance with the W, it needed higher profile trustees with specific skills, prepared to serve on the board. The Trustees did not believe this to be possible whilst continuing with that structure and therefore set about a restructure with Ihe help of the Charity Commission. It was concluded that a then relatively new charitable structure called a CIO, would be the most suitsble successor body and The Friends of Kenya Wildlife Trust UK was fomied, as a CIO, on 29th June, 2015 and registered with the Charity Commission on 22nd July, 2015. The Trustees then wound down the original trust and transfeed il's funds to the CIO. Subsequent to this, the CIO changed its name on 8th February, 2021 to Kenya Wildlife Trust UK. The CIO and the KWT share similar charitable objectives, vision, mission and values. The CIO aims to, but does not exclusively. make substantial grants of our own by way of funding to projects that the Kwf supports. Page-9-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Ststements, 2024 5. Re ort of the Trustees 5.1 Administration The CIO is a registered UK Charity and is also registered with HM Revenue and Customs for tax purposes. This enables the Charity to reclaim tax in relation to donations made by UK resident individuals via the Gift Aid scheme and gives UK tax exemptions in relation to income and capital gains arising in the course of its charitable activities. 5.2 Our Mission To provide funds to data4riven and community supported predator conservation efforts that enable the long-term viability of predator populations in Kenya. 5.3 Our Vision Our vision is a Kenya where healthy predator populations are the comerstone of thriving ecosystems. 5.4 Our Values Results focussed: we are committed to setting dear. measurable targets for which we deploy funds and monitor progress. Trust: we believe that trust is a critical component to successful working relationships beeen our stakeholders, including donors. grantees. staff and Trustees. Transparency and Accountability: As stewards of donations, we 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 scientific monitoring and data to inform conservation strategies. 5.5 Our Focus The CIO shares a common focus with the Kwf and we maintain close links in support of their work in Kenya. Predators: -UK is a firn supporter ofthe MPCP, W's flagship programme, whose overarching objective is to support stable. healthy predator populations in the Greater Mara Ecosystem by providing scientific evidence for conservation action. The programme embodies the KWT'S value proposition of being driven by science and focussed on people. MPCP'S objectives and activities are realised through two teams- Research and Community who work to ensure that predators and people co-exist peacefully. Genuine community engagement complements practical Conservation management recommendations, solutions and ideas developed through robust research and monitoring practices. Page-10-
KENYAWILDLIFE TRUST UK a Charitable Incorporated Organlsation Annual Report and Financial Statements. 2024 People: We support conservation work which is strongly anchored in collaborating with communities living alongside wildlife. The works with and empowers local communities and educales all stakeholders about conservation and environmental stewardship. Fundamental to this is the KWT'S Conservation Leadership Programme which hopes to ensure that the unique knowledge of young people in Kenya's core ecosystems of the Greater Mara, Amboselisavo and Laikipialsamburu can be enhanced by a quality higher education degree. The programme offers fijll funding to study wildlife conservation 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 quality education. Partnerships: We believe a target driven and collective approach will lead to much more effective work in these core ecosystems. We develop and strengthen partnerships with like-minded organisations working together to achieve greater impacts in predator consetvation. We support granl-making to strengthen grassroots organisations, many of whom know more about the realities 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 projects. 5.6 Activitles For Kenya, wildlife is a major contributor to both national and local economies. Tourism earns foreign exchange, whilst tourist facilities and creative land-use models, such as the ever-spreading conservancies, channel funds to local communities both through employment opportunities and also as rents to the traditional land-owners. Much of Kenya comprises semi-arid and arid common access lands. supporting populations which have different cultures, traditions and beliets. Many of them are semi-nomadic and these days they need to co-exist with other peoples with different objectives and whose diverse livelihoods include both working the land and conservation. Tourism is often a fundamental part of the land use in such areas. There is nothing to bring tourists and visitors to these areas in numbers without the wildlife. This wildlife is unique to Africa and under threat from pressure of people everywhere. It is tough for these peoples to eke out a living and most often it is the wildlife habitat that is destroyed andlor wild animals who are forced to move or be killed. In such situations of competition for resources. or even of direct conflict. it is commonly the large camivores that are first targeted or suffer reduction or even local extinction but the impact extends to other wildlife, particularly birds, especially where poisoning is involved. Our vision seeks to create an environment in which people and camivores successfully cooxist" where people recognise the value of the wildlife and want to preserve it as part of their heritage and Kenya's future. In common with the Kwf, KWT-UK is committed to raising funds to support data-driven 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 build a relationship based on trust so Page-11
KENYA WILDLIFE TRUST UK a Charitable InGorporated Organisation KENYALI¥FETW5fvK Annual Report and Flnancial Statements. 2024 that grants can be primarily unrestricted allowing grantees to utilise resources as they see fit, so that they can achieve the greatest amount of impact themselves. Grantees are selected because they embody our values. Whilst our natural link and philosophy are to the K. we believe in supporting the diversity of new African civil organisations that are demonstrably well-run and govemed and whose missions coincide with ours. Consequently. we have a grant application process that runs independently of the funding needs of the KWT. Whilst we aim primarily to fund efforts within 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 htt s'.Ilwww.ken awildlifetrust_or 5.7 Commitment The last year has continued to be difficult and whilst there has been some focus placed on identifying possible funding sources for W-UK, the Trustees have found it hard to attract new trustees with the right qualifications who can support the CIO. The Trustees still feel we should be able to find our own niche in the very competitive UK market for fund-raising for conservation in Africa. However, we also feel that before we can do that we need to revitalise the Board of Trustees and encourage the involvement of new blood with more experience and higher profiles than ourselves. With this in mind we are making some tentative steps towards recruiting new board members. More importantly, though, we need to develop a strategic plan which will guide 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 can execute the plan. More to follow on this in the future. We feel that the UK Board and CIO is an important support to KWT in many ways other than as a mere provider of funding. As such, it rnakes for an unusual model, and will guide the search for further trustees with the aim of enhancing this technical-cum- social support. But the more strategic issue remains for resolution in 202415 of whether Kwf-UK can play a valuable support role, especially if and when the Kwf is awarded very significant grant money for ecosystem-wide research. 5.5 Funding and fundraising The CIO'S funding is currently received from individuals, film companies and small corporations and institutions. Most often, the first individual donation results from a vacabon experience in Kenya where individuals are engaged in conversation with their guides and hosts and become exposed for the first lime to the aims and objectives of the CIO in the communities. Page-12-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements. 2024 Social media sites such as Facebook continue to be inportant to us providing a steady stream of funds, mostly from individuals Currently the CIO will accept cheques drawn on a UK bank account (preferably, with a comp5eted Gift Aid declaration) and direct donations into the CIO'S PayPal Giving account We also mantain paymenl arrangements with the major fund-raising platforms such as Just Giving and CAF. Individuals, in the UK, can also gift their tax repayments as a donation to the CIO through their tax return by quoting referen EW39224 in the appropriate section of their tax retum. Page-13-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation NEMfAlLFE?AUS7UK Annual Report and Financial Statements, 2024 6. Flnancial Review The CIO currently holds its funds in a UK bank account. Sufficient funds are held to enable the CIO to respond to unexpected events. The Trustees expect to make fijnding available for specific purposes and projects identified and approved by thetn. Our income is currently still at a low level and we have worked with to identify where we might be of the most assistan. We have been aiming to support the ongoing equipment needs of the Mara Predator Conservation Programme. With this objective we can provide funding on a small scale quickly, meeting equipment needs which are often overlooked or not eligible from large grants. We feel this is a valuable role. and of course forms a base for very good story-telling from the field. The CIO aims to be able to make grants based on all donations (unless specifically donated for operational support) and aims to limil its other expenses, such as advertising and brochures/leaflets, to funds received as a result of Gift Aid claims. 6.1 Income received in the Year The total income received in the year, all of which was donated together with related tax recoverable was £10,539 (2023 £7.512). £7,030 (2023 £4.069} of the income had restrictions placed upon its usage. 6.2 Result for the Year There was an overall surplusl(deficit) incurred in the year of £10.253 (2023 (£4,483)). 6.3 Funds held At the end of the accounting period the CIO'S funds carried forward were £19,496 (2023 £9,243). These funds were held mainly as cash at bank at the year end. The CIO keeps minimal funds Caled forward in or(ler to meet it's own immediate future costs as well as being able to continue to fund those projects it supports. Page-14-
KENYA WILDLIFE TRUST UK a Charitsble Incorporated Organisation Annual Report and Financial Statements, 2024 7. Declaration of the Trustees In my capacity as Chairman of Trustees I declare that the Trustees have approved this report and have authorised me to sign it on their behalf. The Trustees confirm that they comply with the Charities Act 2011, the CIO'S Constitution and the accounts have been prepared in accordance with the CIO'S accounting policies. The Trustees confirm that they have referred to the guidance contained in the Charity Commission'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. Name". Position.. Christopher Tuite Chairman of Trustees Dated.. Page-15-
KENYA WILDLIFE TRUST UK a Charitable Incorporaled Organisatlon Annual Report and Financial Statements. 2024 8. Statement of Trustees, responsibilities in relation to the financial statements The Trustees are responsible for preparing a trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting practi}. The law applicable to charities in England and Wales requires charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUrs. of the charity for that period. In preparing the Financial Statements, for the year ended 30th April. 2024. set out on pages 17-21 of this Annual Report and Financial Statements. the Trustees have: . Selected suitsble accounting policies and then applied them consistently Observe the methods and principals in the applicable Charities SORP Made judgements and estimates that are reasonable and prudent Ensured that applicable accounting standards have been followed Prepared the financial statements on the going concem basis The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and for ensuring that the financial statements comply with the Charities Act 2011, the applicable Charities {Accounts and Reports) Regulations, and the provisions of the Constitution. They are also responsible for safeguarding the assets and hence for taking reasonable steps for the prevention and detection of fraud and other iffegularities. Approved by the Trustees at their meeting on 10 September, 2024 and signed on their behalf by: Dated.. .1. Christoph r Tuite, Chairman of Trustees Robin Cullen, Treasurer and Trustee Page-16-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements, 2024 Statement of Financial Activities For the year ended 30th April, 2024 2024 2023 Note Un-restricted Restricted fijnds funds Total Total Incoming reSoUrS Donations Tax recoverable Investment income Legacy bequest 2.114 6.030 1.000 8.144 1,104 97 1,194 7,077 416 19 97 1.194 Total Incoming resources 3.509 7.030 10,539 7,512 Resources expended On Projects On overheads 11,719 276 286 286 Total Resources expended 286 286 11,995 Net movement in Funds for the period 3.223 7,030 10,253 (4.483) Funds brought forward 8.443 800 9,243 13,726 Total Funds carried forward £11.666 £7,830 £19, 496 £9,243 The notes on pages 19-21 form an integral part of these financial statements Page-17-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Organisation Annual Report and Financial Statements. 2024 IITAWLJJUFETrUSTUK Statement of Financial Activltles Balance sheet as at 30th Aprll. 2024 2024 2023 Note Un-restricted funds Restricted fijnds Total Total Current Assets Cash at bank Debtors - tax recoverable 10.434 1.232 7,830 18,264 1,232 9,201 42 Current Liabilities Total Net Current Assets £11,666 £7,830 £19,496 Accumulated Funds Un-restricted funds 11,666 11,666 8,443 Restricted funds 7.830 7,830 800 Total Funds £11,666 £7,830 £19,496 The notes on pages 19-21 form an integral part of these financial ststements. The above financial statements were approved by the Trustees at their meeting held on 1 Oth September. 2024. Dated: .Iv.. Christoph r Tuite, Chairman of Trustees Dated: . 2_.7,2F Robin Cu en. Treasurer and Trustee Page-18-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Oryanisatton Annual Report and Financial Statements, 2024 Statement of Financial Activities Notes to the Financial Statements For the year ended 30th April, 2024. 1. Basis of preparation These accounts have been prepared on the basis of historic cost in accordance with: Accounting and Reporting by Charities SORP FRS 102. And with Accounting Standards. And with the Charities Act 2011. 2. Accounting policies Incoming Resources Recognition of incoming reSoUS These are induded in the Statement of Financial Activities (SOFA) when: the Charity becomes entitled to the resources the Trustees are virtually certain they will receive the resources., and the monetary value can be measured with sufficient reliability. Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources. Incoming resources from taxation redaims are included in the SOFA at the same time as the gift to which they relate. The value of any voluntary help received is not included in the accounts but is described in the Trustees, annual report. This is included in the accounts when receivable. Grants and donations Tax reclaims on donations and gifts Volunteer help Investment income Expenditure and Liability Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out reSoUrs. Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advi to Trustees on govemance or constitutional matters. These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the Charity. Governance costs Grants payable without performance conditions Page-19-
KENYA WILDLIFE TRUST UK a Charitable Incorporaled Organlsation K*4WUUFETRuV Annual Report and Financial Statements, 2024 Statement ol Financial Activities Notes to the Financial Statements For the year ended 30th April. 2024. 2. Accounting policies {ntInued) Assets Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or. if gifted, at the value to Ihe Charity upon receipt. Details of certain items of expenditure None of the Trustees or the Treasurer were paid or reimbursed any expenses. As the Charity's tumover is less than £25.000 no audit or examination of these financial ststements required by law and consequently no fees in relation thereto have been paid The Charity did not employ any employee5. Monies reIVed during this period, in relation to specified projects, were expended in the same period on these projects or. alternatively, are being held on account pending funding approval. Transactions with related None parties Trustee expenses Professional fees in relation to the financial statements Employees Restricted funds 3. Resources expended on Projects Restricted Funds 2024 Total 2023 restricted funds Mara Predator Conservation Programme 8,450 Educational Grant 3,269 £11,719 Page-20-
KENYA WILDLIFE TRUST UK a Charitable Incorporated Oryanisation Annual Report and Financial Statements. 2024 LWFETRVSTUK Statement of Financial Activities Notes to the Financial Statements For the year ended 30th April, 2024. 4. Resources expended on Overheads Un-Restricted Funds 2024 2023 Insurance costs Data Commissioner registration Marketing costs Bank charges 246 226 50 £276 £286 5. Taxation As a registered charity Kenya Wildlife Trust UK holds an exemption to taxation on its income and capital gains from HMRC. 6. Accumulated Funds Restricted Funds: 2024 2023 Mara Lions Project Peoples of the Forest of the Lost Child Kenya Wildlife Trust 2.036 5,000 794 800 £7,830 £800 Page-21-