Registered number: 09427919 Charity number: 1164052
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 - 2 |
| Trustees' Report | 3 - 11 |
| Independent Auditor's Report on the Financial Statements | 12 - 15 |
| Statement of Financial Activities | 16 |
| Balance Sheet | 17 |
| Statement of Cash Flows | 18 |
| Notes to the Financial Statements | 19 - 35 |
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020
| Trustees | Peter Carr |
|---|---|
| William Freear | |
| Martin Hewitt | |
| Charles Redlinger | |
| HarryTaylor | |
| Barry Shaw (appointed 21 April 2021) | |
| Company registered number 09427919 Charity registered number 1164052 Registered office 180 Piccadilly London W1J 9HF Chief executive officer Harry Taylor Independent auditor BHP LLP Rievaulx House 1 St Mary's Court Blossom Street York YO24 1AH Bankers NatWest Bank Plc 2 King Street Bridlington YO15 2DB Solicitors Browne Jacobson London EC3A 7BA Chief Operating Officer Peter Carr Chief Executive Officer Harry Taylor Chief Information Officer Mike Smith (deceased January 2021) Chief Financial Officer Brian Daniel Chief Development Officer Gemma Shaw Head of Training George Scott Head of Human Rights Jesper Roerbaek Legal Advisor Henry Gow |
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Head of Policy, Health Jo Scrivener and Safety Head of Programmes Nicola Turner
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their annual report together with the audited financial statements of the Company for the year 1 January 2020 to 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are to:
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Promote the conservation and protection of endangered and exploited species of animals for the benefit of the public;
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The aims of our charity are to reduce the illegal killing of endangered animals, promote credible transparent conservation practice, and protect wildlife custodians. Our aims fully reflect the purposes that the charity was set up to further.
Ensuring our work delivers our aims
We review our aims, objectives and activites each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we set up to help.
The review also helps us ensure our aim, objectives and activities remain focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Objectives and activities (continued)
b. The focus of our work
Our main objectives for the year continued to be the promotion of conservation and prevention of illegal endangered animal killing. The strategies we used to meet these objectives included:
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Providing a range of services that are reflective of relevant quality training standards.
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Addressing the potential problems related to poaching, illegal wildlife trade, and protecting endangered wildlife.
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Focusing upon limiting the danger to wildlife custodians currently protecting animals in the field, and their families in the local community.
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Working towards applying credible standards of service and the implementation of occupational safety standards.
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Working in partnership with other agencies in country to secure the widest range of services available that best matches the relative needs of the endangered animals and their custodians.
c. How our activities deliver public benefit
Our main activities and whom we try to help are described below. All our charitable activities focus on the protection of endangered species and their custodians, or the case-building against, exposure and prosecution of those killing protected wildlife illegally, and are wholly undertaken to further our charitable purposes for the greater public benefit.
Achievements and performance
a. Who used and benefited from our services?
Our objects and funding limit the services we provide to endangered and exploited species worldwide. This year our ranger training services have focused primarily on the protection of forest elephant and okapi in the Democratic Republic of the Congo. Our areas of operation covered Okapi Wildlife Reserve in DRC, Garamba National Park in DRC, Kundelungu-Upemba Complex in DRC, and CCMNP-Pursat and PLWS-Stung Treng in Cambodia .
Further to that ESPA has conducted a preliminary investigation into the rogue whaling fleets operating in the North Sea, Norwegian Sea, and Barents Sea, and has continued to develop nature conservation-specific voluntary principles of security and human rights and a Wildlife Rangers Code of Conduct – Human Rights Conservation Law Enforcement (HRCLE).
Despite the challenges presented by Covid-19 and the resulting global shutdowns, ESPA has maintained as many projects as possible within the constraints and has continued to provide remote support where possible. We have continued to engage with clients and funders throughout the year, and have increased fundraising and outreach efforts in order to support as many protected areas as possible.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Achievements and performance (continued)
b. Projects
Project ALPHA – Hlane RNP and Mkhaya GR – Swaziland
Objective: up-skill and better equip the existing ranger force and selected police constables, to primarily protect rhino from poachers and increase ranger safety.
This project has been put on hold owing to funding restrictions in the wake of the Covid-19 pandemic, but we are pleased to report that a combination of restricted and unrestricted funding has been secured towards this project, which will allow it to recommence in 2021.
Did we succeed in this objective?
Not this year, owing to circumstances beyond control, but we are excited to be able to re-start training next year and continue the improvement seen in previous years.
Project BRAVO – Garamba National Park – Democratic Republic of Congo
Objective: up-skill and better equip the existing ranger force to primarily protect elephant from poachers and increase ranger safety.
One training period was carried out on Project BRAVO in 2020, the final scheduled intervention of a successful four-year intervention. Focused on officer development, this training intervention rounded out a progressive training programme that has developed not only ranger recruits, but the infrastructure around them that allows the Park to conduct its own effective internal training, leaving a lasting legacy of improvement.
The addition of a physical training instructor to the final two rotations has improved overall ranger fitness, engagement and capability, with a dedicated ranger gym built on-site and a team of in-house PTIs able to design and execute ranger training schedules to ensure they are fit and capable of carrying out their duties in an arduous environment.
Did we succeed in this objective?
Yes. The Garamba National Park Rangers are more skilled, safer, and have the internal capacity and capability to ensure their continued effectiveness in the field. The landscape, wildlife, and people of Garamba are safer, and the park has seen a significant reduction in elephant poaching.
Project HALO – JV African Parks Network – Worldwide
Objective: To develop conservation specific Voluntary Principles of Security and Human Rights that can be the benchmark for all protected area law enforcement personnel and management to adhere to and be recognised by IUCN and UN.
The project reached its completion in 2020, including among other products a set of overarching principles, codes of conduct, grievance mechanism, risk assessment, training curriculum, engagement guides and an implementation plan, based on park questionnaires, existing SOPs, and international guidelines and best practice.
Did we succeed in this objective?
Yes. ESPA is recognised as the leading organisation applying human rights to conservation law enforcement.
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ENDANGERED SPECIES PROTECTION AGENCY LTD (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Achievements and performance (continued)
Project NOAH – Complex Kundelungu-Upemba – FPF
Objective: To up-skill the park’s rangers and site security ahead of a wildlife re-population programme .
Despite the Covid-19 global shutdown, once travel restrictions were lifted ESPA deployed a four-man training team, alongside a two-man security team to Complexe Kundelungu-Upemba in order to recruit and train two new platoons of Eco Guards, as well as develop two close protection teams dedicated to the personal security of the Park Director and his HQ.
The Basic Field Ranger course has laid strong foundations for an uplift in the Complex’s operational capability. A pre-course screening phase enabled the training team to move forward with the best candidates, resulting in a 100% pass rate. Additional human rights training and logistics support helped facilitate the training and gave extra emphasis to planning, engagement, and the legal frameworks in which the Eco Guards operate and was well received.
The Close Protection courses have produced 12 trained Close Protection officers, capable of providing personal and site security whether static or mobile, including unexpected movements and contingency planning, to the Reserve Director, his Chef de Site Adjoint, and site visitors.
Did we succeed in this objective?
Yes. The reserve has two new platoons of enthusiastic rangers, as well as two teams of six trained close protection officers, all of which have been introduced to practical human rights in conservation law enforcement standards and procedures.
Project RESOLUTE – Okapi Wildlife Reserve – WC S
Objective: To up-skill all the Reserve’s Eco Guards that did not receive training during the initial six months in order to bring all operational staff up to the same standard, and begin the specialist courses that will start to elevate the Reserve’s operational capability.
The project remains hugely complex, with the largest training team ESPA has fielded to date, running multiple overlapping and complimentary training and improvement programmes. The Covid-19 outbreak and resulting travel shutdown meant the team had to stay on the ground for eight months. Despite the potential welfare issues the long deployment presented, the team as one rallied and adapted the training schedule to cover the new deployment length. Five medical courses, four specialist weapons courses, and the first Junior Leadership Course were run this year, as well as a Quick Reaction Force course that generated the very first Okapi Commando platoon. The creation of an elite unit has increased morale among the Eco Guards and offered greater flexibility to the Law Enforcement Advisor and Head of LAB in their operational planning.
Mentored patrols were able to feed back into the training and ops teams to address skill fade or knowledge shortages, and the mentors took on several additional roles in designing and directing the build of some key elements of security infrastructure around the Reserve’s HQ.
The deployment of intelligence mentors has allowed the generation of a searchable intelligence record covering the main threats to the Reserve’s ecological integrity and its personnel, from which patterns and conclusions can be drawn and more targeted operations planned.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Achievements and performance (continued)
Did we succeed in this objective?
Yes, despite the global pandemic and several other local challenges, the team have once again gone above and beyond to deliver. The Eco Guards are buying into the training and the future vision it is designed to support, and while it remains a long-term effort the foundations are now in place.
Project TEMPLE – Human Rights Training – Cambodia
Objective: To provide practical human rights training to rangers in two protected areas in Cambodia.
A bespoke two-week practical human rights scenario training course was developed to deliver to rangers in order to increase their awareness and application of international human rights principles in their work in protected area law enforcement. Two collaborative courses were run, in which rangers were given opportunities to apply the theories taught to situations they have encountered in their roles. This included but was not limited to, risk assessments, non-discrimination, arrest and detention procedures, community engagement and community policing, practical law enforcement, the use of force including practical self-defence and de-escalation, investigations, and conservation law enforcement violations.
Role-playing rangers were used to simulate a variety of training scenarios, and allowed their colleagues to practice engaging with and processing persons of interest who had been instructed to act out varying scenarios with varying degrees of hostility as well as allowing them to experience engagement with law enforcement from the perspective of a civilian.
A further engagement with the client to develop a pocket-sized aide-memoire to assist the rangers after training has been completed is also in the works.
Did we succeed in this objective?
Yes, the rangers enjoyed the courses and reported increased understanding of conservation law enforcement procedures and increased confidence in carrying out their day-to-day duties and engaging with local communities.
Project PANDA – Human Rights Training – Nepal, Cambodia, Cameroon
Objective: Produce a set of Practical Operational Guidelines for human rights in WWF protected area operations .
Covid-19 lockdowns and travel disruption interrupted a set of planned workshops intended to take place this year on refining and applying the operational guidelines, but these were re-organised digitally and the expected progress was made. A number of technical, legal, financial and practical elements required detailed discussion in order to finesse the applicable risk assessments, but we are pleased to report that a set of Practical Operational Guidelines have been produced. The site visits, research and training carried out on the ground have informed the production of all aspects of the guidelines in order that they remain as relevant as possible to the projects they are intended to support.
Did we succeed in this objective?
Yes. A set of Practical Operational Guidelines have been established and are with WWF for feedback pending further development.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Achievements and performance (continued)
Project CHASTISE – Investigation – South Africa
Objective: IWT Investigation
Not for public dissemination - progress to be delivered verbally.
Project FLOTSAM - Investigation - Scandinavia
Objective: IWT Investigation
Not for public dissemination - progress to be delivered verbally.
Financial review
a. Going concern
In the first quarter of 2020 the Covid-19 pandemic resulted in governments across the World introducing stringent measures to prevent the spread of the coronavirus disease. These measures included population 'lockdown' and led to a significant reduction in economic activity which in turn has led to significant falls in global markets, including the FTSE100.
The impact of the virus is likely to affect the income generated by the Company. The Directors have prepared forecasts and projections of income and expenditure for the period to 31 December 2022 which shows that they have sufficient reserves to be able to continue for the forseeable future. They will continue to monitor the impact on income and take appropriate action as necessary.
As reported above the charity had free reserves of £184,340 as at 31 December 2020. It is possible that they may need to utilise these reserves to support the Company in the 12 months from the date of approval of these accounts.
The Directors recognise that some uncertainty exists surrounding the duration and impact of COVID-19. At the time of approving the financial statements, the Directors have a reasonable expectation that the charity has adequate resources to continue in existence for the foreseeable future. The Directors therefore continue to adopt the going concern basis of preparation for these financial statements.
Further details regarding the adoption of the going concern basis can be found in Note 1.3.
b. Reserves policy
The board of directors has examined the charity’s requirements for reserves in light of the main risks to the organisation. It has established a procedure whereby unrestricted funds not committed should be retained in the account as a minimum figure to cover unforeseen overhead as a reserve to meet working capital requirements. Owing to the disruptions to operations caused by Covid-19 and the resulting placement of at least two projects on hold, this figure has been placed at three months for this year. The intention remains to build this up to six months’ working capital, calculated as £150,000, and to separate this from general operating and core project funds. As at 31 December 2020 the charity had total funds of £376,582 (2019: £307,802), with free reserves at 31 December 2020 of £184,340 (2019: £117,685).
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
c. Financial review
Against the backdrop of limited resources and insecurities over funding, exacerbated by the Covid-19 crisis, it has continued to be difficult to plan or develop our services. The maintenance of two large projects in the DRC has offered some level of security, but this is not guaranteed in the face of the emergence of new strains of Covid-19 and a further round of global travel limitations. The engagement of a dedicated development coordinator has helped identify other projects and courses of funding, and lessened reliance on project-specific funding, over which ESPA or its trustees have limited or no control.
In the year to 31 December 2020, income to the charity decreased to £2,207,430 from £2,315,687. Expenditure during the year decreased to £2,138,650 from £2,164,653. This resulted in a net surplus for the year of £68,780, compared with a surplus of £151,034 in the previous year. Total funds available at the end of the year were £376,582, of which £191,258 are unrestricted and £185,324 are restricted.
d. Principal funding sources
ESPA has received grant funding from several NGOs, funding organisations, and a private donor, and their support looks set to continue to serve the on-going training and investigative projects in 2020. A percentage (20%) of all grants are allocated for operating overhead.
e. Future fundraising
A fundraising strategy has been refined and is underway, with ESPA's development co-ordinator leading on outreach and engagement. This strategy includes building more diverse income streams in order to lessen reliance on project income to maintain operating overhead. ESPA has UK charity status and 501c status for the US fundraising wing.
Structure, governance and management
a. Governing document
The ESPA organisation is a charitable company limited by guarantee, incorporated on the 9th February 2015 and has the company no. 09427919. It was registered as a charity on 21st October 2015 with the charity no. 1164052. 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. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
b. Recruitment and appointment of board of directors
The directors of the company are also charity trustees for the purposes of charity law and under the Company’s Articles are known as members of the board. Under the requirements of the Memorandum and Articles of Association the members of the board are elected to serve for a period of five years after which they must be reelected at the next General Meeting.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Structure, governance and management (continued)
c. Director requirements
All members of the board (except for one Trustee) gave their time voluntarily and have received no benefits from the charity. In accordance with Articles 12-19 of the Charity's Articles of Association and sections 185-188 of the Charities Act 2011, the Trustees agreed to pay one of the Trustees for providing services to the Charity. Subsequently this trustee has received remuneration for his position as Chief Operating Officer and the board are in the process of regularising this with the Charity Commission. Any expenses reclaimed from the Charity must conform to the Charity Commission guidance on trustee expenses and payments and the ESPA Financial Policy, Data Protection & Whistleblowing Policies.
d. Organisational structure
The Endangered Species Protection Agency has six directors who sit on the board and meet at least once a year, and twice a year wherever possible. They are responsible for the strategic direction and policy of the charity. The directors come from a variety of professional backgrounds relevant to the work of the charity.
It is no longer a statutory requirement for charitable companies to appoint a Company Secretary. Director Peter Carr will act as Honorary Secretary. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the CEO, COO and CIO, and Head of Programmes. The CEO is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The COO, CIO and Head of Programmes have responsibility for the day-to-day operational management of the Agency.
e. Risk management
The board of directors has conducted a review of the major risks to which the charity is exposed. The charity risk register is reviewed annually and amended in line with emerging risks and mitigation measures. As part of the risk mitigation measures outlined last year, ESPA has increased its fundraising and outreach work in order to diversify its strategic activity and manage external risks to project funding.
Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to meeting venues and areas of operation. All procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditor
Each of the persons who are Directors at the time when this Trustees' Report is approved has confirmed that:
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so far as that Director is aware, there is no relevant audit information of which the charity's auditor is unaware, and
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that Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
Auditor
The auditor, BHP LLP, has indicated their willingness to continue in office. The Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Peter Carr
Director and Honorary Secretary
Date: Oct 25, 2021
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENDANGERED SPECIES PROTECTION AGENCY LTD
Opinion
We have audited the financial statements of Endangered Species Protection Agency Ltd (the 'charitable company') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this repor
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENDANGERED SPECIES PROTECTION AGENCY LTD (CONTINUED)
Other information
The other information comprises the information included in the Trustees' Report, other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Trustees' Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Trustees' Report (incorporating the Directors' Report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Directors' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of Directors' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENDANGERED SPECIES PROTECTION AGENCY LTD (CONTINUED)
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, set out on page 11, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
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We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
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We focussed on laws and regulations, relevant to the company, which could give rise to a material misstatement in the financial statements. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management, review of company minutes and legal expenses.
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We addressed the risk of management override of internal controls, including the testing of journals and review of the nominal ledger. We evaluated whether there was evidence of bias by management or Directors that represented a risk of material misstatement due to fraud.
There are inherent limitations in the audit procedures described and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. This risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-andguidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditorsresponsibilities-for-audit.aspx. This description forms part of our Auditor's Report.
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ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENDANGERED SPECIES PROTECTION AGENCY LTD (CONTINUED)
Use of our report
This report is made solely to the charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable Company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Jane Marshall (Oct 26, 2021 12:43 GMT+1)
Jane Marshall FCA DChA (Senior Statutory Auditor) for and on behalf of BHP LLP
Rievaulx House 1 St Mary's Court Blossom Street York YO24 1AH
Date: Oct 26, 2021
Page 15
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020
| Note Income from: Charitable activities 3 Other income 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income Transfers between funds 14 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2020 £ - 1,867 1,867 - - 1,867 66,147 68,014 123,244 68,014 191,258 |
Restricted funds 2020 £ 2,205,563 - 2,205,563 2,138,650 2,138,650 66,913 (66,147) 766 184,558 766 185,324 |
Total funds 2020 £ 2,205,563 1,867 2,207,430 2,138,650 2,138,650 68,780 - 68,780 307,802 68,780 376,582 |
Total funds 2019 £ 2,303,060 12,627 |
|---|---|---|---|---|
| 2,315,687 | ||||
| 2,164,653 | ||||
| 2,164,653 | ||||
| 151,034 - |
||||
| 151,034 | ||||
| 156,768 151,034 |
||||
| 307,802 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 19 to 35 form part of these financial statements.
Page 16
ENDANGERED SPECIES PROTECTION AGENCY LTD (A Company Limited by Guarantee) REGISTERED NUMBER: 09427919
BALANCE SHEET AS AT 31 DECEMBER 2020
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Creditors: amounts falling due after more than one year 13 Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
152,058 600,343 752,401 (337,737) |
2020 £ 6,918 6,918 414,664 (45,000) 376,582 185,324 191,258 376,582 |
272,320 393,209 665,529 (363,286) |
2019 £ 5,559 |
|---|---|---|---|---|
| 5,559 302,243 - |
||||
| 307,802 | ||||
| 184,558 123,244 |
||||
| 307,802 |
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Harry Taylor
Date: Oct 25, 2021
The notes on pages 19 to 35 form part of these financial statements.
Page 17
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020
| Note Cash flows from operating activities Net cash used in operating activities 17 Cash flows from investing activities Purchase of tangible fixed assets 10 Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 18 The notes on pages 19 to 35 form part of these financial statements |
2020 £ 213,051 (5,917) (5,917) 207,134 393,209 600,343 |
2019 £ 319,877 (6,399) (6,399) 313,478 79,731 393,209 |
|---|---|---|
Page 18
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice
Endangered Species Protection Agency Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
1.2 Company Status
The charity is a company limited by guarantee, incorporated in England and Wales. The company's registered office is as stated in the Trustees' Report.
1.3 Going concern
The Directors have prepared forecasts and projections of income and expenditure for the period to 31 December 2022 and subjected these forecasts to sensitivity analysis which shows that they have sufficient reserves to be able to continue for the foreseeable future. They will continue to monitor the impact on income and take appropriate action as necessary.
The Directors have considered the impact of COVID-19 on the Company’s income and operating cost base. Whilst it is not considered practical to accurately assess the duration and extent of the disruption, the Directors are confident that they have in place plans to deal with any financial losses that may arise.
The Directors recognise that some uncertainty exists surrounding the duration and impact of COVID19. At the time of approving the financial statements, the Directors have a reasonable expectation that the charity has adequate resources to continue in existence for the forseeable future. The Directors therefore continue to adopt the going concern basis of preparation for these financial statements.
Page 19
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies (continued)
1.4 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Charitable Activities
Income from contracted projects is recognised on a work done basis, once the Company is entitled to the income.
Donations and Grants
Income from donations and grants, including capital grants, are included in income when these are receivable, except as follows:
-
When donors specify that donations and grants that are given to the charity must be used in future accounting periods, the income is deferred until those periods.
-
When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in income until the pre-conditions for use have been met.
When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included within restricted income when receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by project.
The costs of each project are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Certain expenditure is directly attributable to specific activities and has been included in the relevant cost categories.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include central functions that have been allocated to activity cost categories on a basis consistent with the use of resources.
Governance costs are those incurred in connection with compliance with constitutional and statutory requirements.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Page 20
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies (continued)
1.6 Foreign currencies
Where contracts have a predetermined fixed rate of exchange the relevant foreign currency transactions are recognised by applying to the fixed exchange rate per the contract. All other foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities.
1.7 Taxation
The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
1.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Plant and machinery 3 year straight line - Computer equipment 3 year straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 21
ENDANGERED SPECIES PROTECTION AGENCY LTD (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies (continued)
1.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Liabilities and provisions
Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.
1.12 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.13 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
1.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
Although not a significant risk of material misstatement the allocation of support costs is also a key estimate. The accounting treatment of support costs can be found in accounting policy 1.5.
Page 22
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
3. Income from charitable activities
| Unrestricted funds 2020 £ Project income - Total 2019 94 |
Restricted funds 2020 £ 2,205,563 2,302,966 |
Total funds 2020 £ 2,205,563 2,303,060 |
Total funds 2019 £ 2,303,060 |
|---|---|---|---|
4. Other incoming resources
| Insurance claim Total 2019 |
Unrestricted funds 2020 £ 1,867 12,627 |
Total funds 2020 £ 1,867 12,627 |
Total funds 2019 £ 12,627 |
|---|---|---|---|
Page 23
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
5. Analysis of expenditure by activities
| Project Alpha Project Bravo Project Orphan Project Temple Project Simba Project Surety Project Noah Project Resolute Project Halo Project Panda Project Chastise Other smaller projects Total 2019 Analysis of direct costs Contractor costs Travel expenses Consultancy fees Vehicle expenses Project specific insurance costs Other direct costs Foreign currency gains and losses Wages |
Activities undertaken directly 2020 £ - 116,133 13,440 24,969 - - 340,482 1,213,876 18,286 9,118 11,202 7,638 1,755,144 1,749,825 |
Support costs 2020 £ - 26,339 3,420 5,999 - - 81,713 255,417 4,446 3,256 118 2,798 383,506 414,828 |
Total funds 2020 £ - 142,472 16,860 30,968 - - 422,195 1,469,293 22,732 12,374 11,320 10,436 2,138,650 2,164,653 2020 £ 1,558,074 92,425 - - 40,217 16,694 41,014 6,720 1,755,144 |
Total funds 2019 £ 22,446 246,607 - - 225,072 193,747 - 740,198 201,754 38,115 438,485 58,229 |
|---|---|---|---|---|
| 2,164,653 | ||||
| 2019 £ 1,498,624 169,333 27,101 42,438 8,400 3,929 - - |
||||
| 1,749,825 |
6. Analysis of direct costs
Page 24
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Analysis of support costs
| Contractors' costs Wages Social Security Pension costs Travel expenses Professional fees Bank charges Insurance Administration costs Office expenses Printing, postage and stationary Computer and software costs Accountancy fees Sundries Depreciation Governance costs Subscriptions Foreign currency gains and losses |
2020 £ 94,213 144,363 14,990 1,664 31,670 23,091 4,476 14,218 - 5,759 3,389 3,600 8,948 10,147 4,558 9,975 3,115 5,330 383,506 |
2019 £ 188,620 - - - 104,914 - 2,794 47,561 38,338 2,218 - - - 13,986 4,201 12,196 - - |
|---|---|---|
| 414,828 |
Travel expenses include expenditure on air travel, train travel, taxis, accomodation and subsistence.
7. Auditor's remuneration
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's auditor for the audit of the Company's | ||
| annual accounts | 9,975 | 5,925 |
| Fees payable to the Company's auditor in respect of: | ||
| All non-audit services not included above | 7,411 | 2,150 |
Page 25
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
8. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2020 £ 151,083 14,990 1,664 167,737 |
2019 £ - - - |
|---|---|---|
| - |
The average number of persons employed by the Company during the year was as follows:
| 2020 | 2019 | |
|---|---|---|
| No. | No. | |
| Employees | 4 | - |
No employee received remuneration amounting to more than £60,000 in either year.
The total amount of employee benefits (including employer pension contributions and national insurance) received by key management personnel is £100,872 (2020: £nil). The company considers its key management personnel to comprise of the Chief Executive Officer, Chief Operating Officer, Chief Information Officer and Head of Programmes.
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits in their capacity as Trustees.
One trustee has received remuneration in their capacity as Chief Operating Officer, further details of which are given in note 21.
During the year ended 31 December 2020, expenses totalling £nil were reimbursed or paid directly to Trustees (2019 - £840 to 4 Trustees) relating to meeting expenses.
Page 26
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
10. Tangible fixed assets
| Cost or valuation At 1 January 2020 Additions At 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 |
Plant and machinery £ 4,440 1,061 5,501 2,619 1,503 4,122 1,379 1,821 |
Computer equipment £ 7,567 4,856 12,423 3,829 3,055 6,884 5,539 3,738 |
Total £ 12,007 5,917 |
|---|---|---|---|
| 17,924 | |||
| 6,448 4,558 |
|||
| 11,006 | |||
| 6,918 | |||
| 5,559 |
Page 27
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
11. Debtors
| Due within one year Trade debtors Other debtors Prepayments and accrued income |
2020 £ 132,338 2,655 17,065 152,058 |
2019 £ 202,513 12,350 57,457 |
|---|---|---|
| 272,320 |
12. Creditors: Amounts falling due within one year
| Other loans Trade creditors Other creditors Accruals and deferred income |
2020 £ 5,000 7,472 24,735 300,530 337,737 |
2019 £ - - 301,488 61,798 |
|---|---|---|
| 363,286 |
13. Creditors: Amounts falling due after more than one year
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Bank loans | 45,000 | - |
Page 28
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
14. Statement of funds
Statement of funds - current year
| Unrestricted funds General funds Restricted funds Project Bravo Project Chastise Project Flotsam Project Halo Project Noah Project Orphan Project Panda Project Resolute Project Temple Total of funds |
Balance at 1 January 2020 £ 123,244 - - - 5,206 - - (2,850) 182,202 - 184,558 307,802 |
Income £ 1,867 151,477 676 16,091 25,568 469,939 19,670 18,726 1,468,913 34,503 2,205,563 2,207,430 |
Expenditure £ - (142,472) (11,320) (10,436) (22,732) (422,195) (16,860) (12,374) (1,469,293) (30,968) (2,138,650) (2,138,650) |
Transfers in/out £ 66,147 (9,005) 10,644 (5,655) (8,042) (47,744) (2,810) - - (3,535) (66,147) - |
Balance at 31 December 2020 £ 191,258 |
|---|---|---|---|---|---|
| - - - - - - 3,502 181,822 - |
|||||
| 185,324 | |||||
| 376,582 |
Page 29
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
14. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General funds Restricted funds Project Bravo Project Lima Project Mike Project Simba Project Surety Project Alpha Project Chastise Project Halo Project Inca Project Noah Project Resolute Project Panda Project Spear Total of funds |
Balance at 1 January 2019 £ 98,702 31,504 14,423 1,482 - 10,657 - - - - - - - - 58,066 156,768 |
Income £ 12,721 291,042 - 18,755 140,914 207,607 2,976 407,205 26,148 10,316 229,386 922,402 35,265 10,950 2,302,966 2,315,687 |
Expenditure £ - (246,607) (14,814) (3,378) (213,058) (205,760) (22,445) (438,485) (20,942) (8,309) (201,753) (740,200) (38,115) (10,787) (2,164,653) (2,164,653) |
Transfers in/out £ 11,821 (75,939) 391 (16,859) 72,144 (12,504) 19,469 31,280 - (2,007) (27,633) - - (163) (11,821) - |
Balance at 31 December 2019 £ 123,244 - - - - - - - 5,206 - - 182,202 (2,850) - 184,558 307,802 |
|---|---|---|---|---|---|
Page 30
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
14. Statement of funds (continued)
Project Alpha
Establishment of a partnership for the purposes of developing anti-poaching strategy and specialist counter-poaching training in Swaziland.
Project Bravo
Establishment of a partnership for the purposes of developing an anti-poaching strategy and specialist counter-poaching training in Garamba National Park.
Project Chastise
Establishment of a partnership for the purposes of conducting an investigation into the illegal lion bone trade.
Project Flotsam
Establishment of a partnership for the purposes of conducting an investigation into rogue whaling vessels operating in the Barents sea.
Project Halo
Development of conservation specific Voluntary Principles of Security and Human Rights that can be the benchmark for all protected area law enforcement personnel and management to adhere to and be recognised by IUCN and UN.
Project Inca
Establishment of a partnership for the purposes of providing of human rights scenario training to forest rangers in Peru.
Project Lima
Establishment of a partnership for the purposes of developing an anti-poaching strategy and specialist counter-poaching training with North Luangwa Conservation Project (NLCP) for the purposes of delivering training to the Rhino and Elephant Protection Unit (REPU).
Project Mike
Establishment of a partnership for the establishment of counter-illegal wildlife trade trafficking and specialist mentoring to counter the illegal wildlife trade with Lilongwe Wildlife Trust (LWT).
Project Noah
Deliver ranger training to up-skill and increase the operational effectiveness and safety of Eco-Guards in the Complex Kundelungu-Upemba, DRC.
Project Orphan
Establishment of a partnership for the purposes of developing an information management capacity dedicated to supporting a protected area in the DRC.
Project Panda
Establishment of a partnership for the purposes of developing a set of practical operational guidelines related to law enforcement in a protected area.
Project Resolute
Delivering ranger training to up-skill and increase the operational effectiveness and safety of Eco-Guards in the Okapi Wildlife Reserve, DRC.
Page 31
ENDANGERED SPECIES PROTECTION AGENCY LTD (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
14. Statement of funds (continued)
Project Simba
Establishment of a partnership to develop strategies for the purposes of sourcing evidence of unethical and illegal practices taking place on lion hunts in South Africa.
Project Spear
A short investigation into allegations of wildlife mis-management.
Project Surety
Establishment of a partnership to develop anti-poaching strategies with Conservation South Luangwa (CSL) for the purposes of delivering training to the Wildlife Protection Officers (WPO) and Community Game Scouts (CGS).
Project Temple
Establishment of a partnership for the purposes of conducting human rights scenario training in Cambodia.
Transfers
Where applicable surpluses accrued in relation to projects are released to general reserves to be used for the charitable purpose of the Company, once the project has been completed. These are shown as transfers between funds.
Where projects required additional expenditure in the year, this has been sourced from ESPA general funds and is shown as transfers into restricted funds.
15. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 1 January 2020 £ 123,244 184,558 307,802 |
Income £ 1,867 2,205,563 2,207,430 |
Expenditure £ - (2,138,650) (2,138,650) |
Transfers in/out £ 66,147 (66,147) - |
Balance at 31 December 2020 £ 191,258 185,324 |
|---|---|---|---|---|---|
| 376,582 |
Page 32
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
15. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 January 2019 £ 98,702 58,066 156,768 |
Income £ 12,721 2,302,966 2,315,687 |
Expenditure £ - (2,164,653) (2,164,653) |
Transfers in/out £ 11,821 (11,821) - |
Balance at 31 December 2019 £ 123,244 184,558 |
|---|---|---|---|---|---|
| 307,802 |
16. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2020 £ Tangible fixed assets 6,918 Current assets 269,357 Creditors due within one year (40,017) Creditors due in more than one year (45,000) Total 191,258 |
Restricted funds 2020 £ - 483,044 (297,720) - 185,324 |
Total funds 2020 £ 6,918 752,401 (337,737) (45,000) |
|---|---|---|
| 376,582 |
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2019 £ 5,559 419,173 (301,488) 123,244 |
Restricted funds 2019 £ - 246,356 (61,798) 184,558 |
Total funds 2019 £ 5,559 665,529 (363,286) |
|---|---|---|---|
| 307,802 |
Page 33
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
17. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase in creditors Net cash provided by operating activities 18. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents |
2020 £ 68,780 4,558 120,262 19,451 213,051 2020 £ 600,343 600,343 |
2019 £ 151,034 4,202 (177,953) 342,594 319,877 2019 £ 393,209 393,209 |
|---|---|---|
19. Analysis of changes in net debt
| Cash at bank and in hand Debt due within 1 year Debt due after 1 year |
At 1 January 2020 £ 393,209 - - 393,209 |
Cash flows £ 207,135 - - 207,135 |
Other non- cash changes £ - (5,000) (45,000) (50,000) |
At 31 December 2020 £ 600,344 (5,000) (45,000) 550,344 |
|---|---|---|---|---|
20. Pension commitments
The company operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £1,664 (2019: £nil), and the amount owed as at year end was £483 (2019: £nil).
Page 34
ENDANGERED SPECIES PROTECTION AGENCY LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
21. Related party transactions
The company entered into transactions with Peter Carr Sporting Limited, a limited company owned by P Carr, a director of the company. The company was charged £24,029 in respect of contractors fees, (2019: £134,319).
The company also entered into transactions with P Carr, a director of the company. The company was charged £23,909 (2019: £nil) in respect of contractors fees, including the reimbursement of travel and accommodation expenses.
P Carr received remuneration for his position as Chief Operating Officer of £56,000 during the year, and the board is in the process of regularising this with the Charity Commission.
Also, during the year, the company used office space owned by P Carr, a director of the company at no cost.
The company entered into transactions with H Taylor, a director of the company. The company was charged £6,146 in respect of the reimbursement of travel and accommodation expenses (2019: £13,814).
The company entered into transactions with D Carr, wife of P Carr who is a director of the company. The company was charged £31,659 (2019: £nil) in respect of contractors fees, including the reimbursement of travel and accommodation expenses.
Page 35