Registered number 09427919 Charity number 1164052 ENDANGERED SPECIES PROTECTION AGENCY LTD IA Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS 31 December 2023
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Limited by Guarantee) Contents Page Reference and administrative details of the Company, its Trustees and advisers Trustees, report Independent auditor's report on the financial statements 10-13 Consolidated statement of financial activities 14 Consolidated balance sheet 15 Company balance sheet 16 Consolidated statement of cash flows 17 Notes to the financial statements 18-31
ENDANGERED SPECIES PROTECTION AGENCY LTD IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Peter Carr Iliam Freear Martin Hewitt- Chairman Harry Taylor Barry Shaw A¢¢ountants RF Adams & Co Lt Unil 8a Escrick Business Park Escrick York Y019 6FD Bankers Natwesl Bank PLC 2 King Street Bridlington Y015 2DB Independent auditor UHY Calvert Smith LLP Heritage House Murton Way York Y019 5UW Registsred office 4th Floor 49 St James's Stre London SW1A 1AH United Kingdom Registered number 09427919 Charity number 1164052 UK Sollc6tor Catherine Rustomii Shakespeare Martineau Sheffield S118FT US Lawyer Carol P. S¢haner. Esq Gordon & Ree5 Irvine, Soli¢itors CA 92612 USA Chief Operating Officer Chlef Executlve Offlcèr Peter Carr Harry Taylor Rob Cr8ig MBE Iliatn Freear Conservation Adviser Operations Director Project Development Dlrector Chief Information Officer Barry Shaw Nicola Tuiner Publl¢lty and Llal$on Dlre¢tor Chief Financial Officer Martin Hewitt Brian Daniel General Manager Head of Poli¢y and Compllance Head of Training Head of Human Rights Head of Law Enfor¢ement Gemma Wiles Jo S¢ivener Richard Wright Jesper Roerbaek Ed Hall Legal Adviser Head of Risk and Compliance Henry Gow Ben Cunningham
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 to al Dernber 2023. Thetru5tee5 haveadopted the pruvi5ions of the Statement uf Rornmended Practice ISORPI"Accounting and Reporting by Thelinanci31 statements have been prepared In accordan Withlhe accoutIn£PolIcie5 5etovi not to ihe occounts and comply Wiihlhe charity5 %incethegroup and thecornpanyqualify a5 small undersection 383 of theCornpanie5Act2m6, theGroup %tr3tegic Report r2quired of medium and large companles Jnderthe Co)mwnlesAct 2006 (Strategic Report and Dlrectors, Report) Regulatlons 2013 has been omltted. Oble(tfve5 JDd Jctlvifk5 . PolirlE58nd•ble¢rfve5 Ovrcharitl5 purpose5 a5 setout In the obiectscontsined inihe company's Memoradrn of 155OClltion areio.. Promoteihe conseationO protectlon of endangered 3nd exploiied Speci ol alllma15forthe benefirolthe wblit. coSerVatIon Pral¢e. and pwea twildlifecu5todian5. Quriims fvlty reflÈctthe purposes rharthechamy wa55ei uptofurther. We revietv our31rn5. ubje(tr¢e5 and actwitie5 each year.Th15 review looks atwhatwe 3chieved and the outcome5 of ourwork in the previou5 12 mDnth5. The review loo ?tlhe5ucces5 ol each key activity and the benefits theyhave broughl to th05egroups ol people vdeare setupto help. Irustee5 CQll5ider how plane¢ actrvitre&will contributeto the aims and obiectrves thev haves•. b.The fows ofoufwork Ourrnain objeciives lorihe yearconrinued to bethe promoiion ol con5ervatlon and prevenrioll of illegal end3ngere11 anlmal kllling.The siraiebrye5we used Addressingthe potential probl2rns related to PDaching and protectingendangered wildlife. Workingtoward5apptying crediblestandard5 of setvice3ndthe implementstion Df occupational safety Standards. <. How0uractfvltlesdeleI puNk beneflt
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ContinuÈd AchveÈrtsad pÈrfom*nteltOntinued} a. Whou58d and bBn8frtBd fvomoursorviie57 Liberia, Cameroon, ScDtl3nd 3nd England. Our 3rea50f operationcovered Okapi Wildlife Reserve, DRC,. Hlane Royal NatiDTral P3rk 3nd mkha Game ReseNe. Esvdarini. Cardamorn MouniaiThs. cam01a. E?5t NIM Naiure ReseDJeand &po Natio1 Park. Liberia,. the5ouih.wesr Regioll ol CamerooTh.' and E5PAcontinu25 to upskillwildlrf2 r3ll4e and protected area manager5to develop3nd delivercr2dibleconservatlOn strategie5 and law enforcem2ntto exp3nded Durfundr3ising and outreach efforts, tworkingwith ourpartnerstoensure project& recewethe sUPPOrt theyneed to achieve SUC. b. prtsjects Project ALPHA-Hlane RNPènd mkha GR-Swaziland Obiectwe.. Continuation of fi@Id rangertraining and integration into @X15tingr3n4erte3m5. M@ntoringof ranger p3tro15, operatiO3d developmentol Did ¥YeSuC(eed In this obiettiveP Y- Big Game Par have adopted effectr¢e sfandard operating procedures, have a developing Intelligence cell en3bling Intelligence-led operation5, and Project RESOLUTE-Okapi WI1 Re5er¥e-DRC The 2023 trainingprogramme followed on froffl thhtof 2022,with i continuedfocus on caTrsolidatingeKi5ting5kills and the Internal leadershipstrurtureof the Eco Guards. intreaslngthe OWR rangerSetaPabllitv. and settlThg the conditlons for2 further intre3se in numbers across the COmingye3rs. and th2refure Incre351ngc3pacity. ESPA prDvided seven In5truU0 overthree intetvention5 uf two tnonths, three months. and two tnonths respectively Ir3iningfor Eco Gu?rd5 and NGO sUPPOft stsff further ell5uredlhai Eco Guard SeIce. 5uppori staff and other reseeskeh0lder5 L¥ork iogether Coll3boratNety In a5 53fe an envifoTrmentèS Possible to protettthe re5erve'5 Integrity, wildlife, and lotèl popul3ce therein. Oble£tivg' To up-skillgllthe ResgrvE'5 Eco GuordsondcontiNue the5Pfcialist£oyr5e5 egedl0eIeVO1erhe ResErvE'5 operotionolcopgbillty. Dldwestscceedsn thisoblectlve? Yes. essetstrolskillshove been refresh. Skillfvde hos beenoddressed. newskillslettrned. otsdon upliftin medrts, Jirstrespondets, ftndleoders httsincieosed theEco Guardservice'scopabilytyondcupucity, ensuringrheserwce DperotlDnullyeffrttive andcondutt50perotl0ll5o550f2lyos55Vbleio difficulr envlronment.
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ContinuÈd oject RENOWN-LawEnfowernent Developrnent-famtso Obiertive.. Top10e¢05erv0tl0n lowenlorcementstroteoyondoctlonplunfromework odvice tbotwlllstspportthe coMb(l¢n JovernmentundtbepioJe¢t purtnef inco-Drdinatingond5treomliningrt5enwronmentslregulatlOn5. PfOttKe5, ondpolicie5 ESPA has embarked on a long-ierm project providlng supportto projea wrrnerscoveringconservion lawenlorcernenracr055varlous actlvitles. illcluding 5takeholdef evalu3tlDn5, training need5 a55e55Tnent5. Strategy review5. action plans, ènd bp5t prattites, with due regard for human fisht53nd with prtrjettÈnd expett to continue to doso in 2024. 0e5C(eEd1n thisoblective. Yes. ESPAhosprovidedkeylnputon theluwentorcementelementof protectedoreomunogementstrote9yondimplementotn theoieu ofoper¢tiOllS. Project COAUllON M?Iko Natlon?I Park- DRC Obiective.. To truin Eco Guord5 In Maiko Notn01pOrk0Tr efftctive CDn5erve7tlDTr IGbventrorcementoperutinoprocedure5, be5tproctice5, undinternutiDTrul riihtS 5tondord5. includlng oirestprocedyies. detvlnmentMUU9emenC 5ecuilngo Cfjmescene. 5elf-defence. conlllctmunugemenc interwew technique5. reporting. c05e-buildingevidence, 5tGkehDlderengugemen¢ undthewle5forthe use Dfforce. who hadn't recewed any ts¢ent training and fell shtrrt of the eSsary reouirements Inthe opetstional context by MNP reserve man3semeTrt. Didbvesucceedin th15ObFcti? Ye5. Gllavoiloble EcoGuurd5receivedtroining. intrea51ngtheirefftctiwene5SGndenGbling thede51gnondfactoring outlinE troining progfommeinto fvrbvordplanning ProjectALLIANCE .Sapo National Park and East Nimba Nature Resevve Objertive" To train fing&rs in Sapo NP and East Nimba NR on effeGttve conservation lawenfoTC8menl 0peratrngprOdures, bestPTaGlrces. $nd iniemtion$lhum8n rights sl¥nclard4 Induthng $ffetstpff¢eduS, dei$inmenl man$gemeni, secunng $ ¢rime ene. seIf-clefen, ¢onflict anagemenl. Intefrview technique4 rppothng, Gas&building e¥en, Stakeh1derengagernent. and the Nles forthe use off for ESPA prowdsd two instructots 10 ddivtr a one-monih traininy initrv8nlion in 2 x tsv0-k ¢outsè$ in sach of tha two proited sreas, covering Conserva L8w Enforymenl and Human Rights existing rangers who hadn't received any retrni training 8nd fdl short of the necessary [u1remets In the operational contexL by SNP and ENNR management. Did we succeedin this trbjective? Yes. 8118v8il8ble r8ngersretyvedtf3ining, in¢wwng theireffeGvenes$ 8nd abilityto deliver¢onseN8bon 1ewenfomenItO therequired standard with due regardto human nghts.
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THEYEAR ENDED 31 DECEMBER 2023 Continued Prole¢t FRANKTON-Whallng Investlg8tlon- Norway Objertive" R616ase ofESPA's Investigative doGull7enlarypTovidingcontefflpoTary evid8nGe into the ulthIGaI expltatIon ofthe North AllantiG minke bylhe Noywegi$n bth&ling fieei. ESPA provided a six-man maribme unil 8nd 8n unde¢over oper8iorwitti bNo Intelligence speialisis 10 ffcord ts)ntemporary eviden of unethical modern whaling praCtIS Two investigators Interviewed whaling industy <yrators and minke whale speualisls In 2022 Much ol 2023 was spent producing the videofor Qad(St with the intenbon of edting the public and minke whae stakeholder go¥emnEnts of th8 questionable styentr used IOIUSlify the eploil8llOn of the minke vthJe and the Jneihical waaitrs e4 to hunt them, 8nd ev1dern thai will justify an end lo the cornmercml exploitation ol the minke whale In Notwegianwalers. Did we stsc¢eedin this obJecTrve? Yes. ESPA'S doGufftentary Whale Wash. The Fowen kthale pfftfftieTe was Teleased al Ihe Imax Cin8ina Oslo on 29 August2023 to a full house The film bvas well received, $nd wothng Trvrth IVoywegi$n p8rtnerNOAH, the film was sh$rtd on their YouTube ¢h#nnel $nd hostsclon the wateearDGeÉary sIarnIngplatffoM Thepremiere event was lollowedby a Q&A sessK)n, which IncludedrepSenIatIveS ofthe Norw8gian media who Govered the documentarywidely. The doGUYntary will have an enduiTng18gaGyand hasprovided 8vKlential jJstifi¢stion to tt8se Ihe explutalion oflhe minke whale Project FAMINE- Investlgation- UK Objertrve" To ban the commercial exploitalion of sandeels in Sntrsh wal8rsin othrtoproteGt vulnerabl&populations ofkilliwakes andpuffins. ESPA Investigated the eW¢xtation of sandeds in Ihe North Sea and the dethmental eftect this has had on east coastcoloniesol ttiakeS and puffins and highlighted this to industry leaders and ministers. we succeedin this objechve.. The iJK govemyTrenthas bannedthe fishingofsand8els in Ihe North Sea Project HORUS- InvestigationlProtection-IJK Objettrve" 1wfin8t(qal1on andpfolection. Not for public dieminabO- prIreSS lo be delivered verbally. ProlgctSALAR- Invè$tlgatlon- UK ObjeGtsve." IWTlnvestwalion. Not for public dissemin8tion- p[e&S lo be delivered verbally
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ContinuÈd Stluthir¢ G¢JvÈrnurJtÈondR¢orJttgÈn*nt ESPA Is a charrtable cotnpanylimited byguar3ntee, Incorporatedonthe 9th February2015 and ha5the cotnpanynD. 09427919. was regtered¥s4 ch¥riiy on 2151 oaober2015 Withihe£h3rity 1164052.TheCofflpanyw3se510blished ullder a Memorondurn olA550ciari0 which up members are requiredto colltribut2 an èmount notexc@eding£lO. REcruitmentand appointrnent of knard Df directors The directors of rhe cornwny3re?1so charitytru51ee51orthe purpose501 chority |3wand undertheCornpanl5Article5 are known as members of the boÈrd. Underthe re4uirement5of the Memorandum and Articleiof AssociÈti4nthe members trf the board aelerted to sefve fora periodof fiveyears fterwhich theymusl re.el2ct2d 3tlh2 llextGeneril Meeti£ Dirertor Requirernent5 All member5 of the bo3rd (with theceptIn of one trustee) gavetheirtime voluntarilyi and recewed no benefit&fromthe charity. In accordbnce with Df Chief Op2ratingOfFicerto the Charity, and In the additlDnal capacityas Project Man3gerllTrve5tigator/Surveill3nce OfficerDn 5eleUed project5 Over and above the requirements ol COO. Anyexpen5e5 reclaitned frorn the Ch3rity tnu5t confDrmtu theCharityCommi55ion guid3nce ttust2e expen5e5 and payment5 and the ESPAFin3ncial R15krnana8ernent The bDard of director5 h35 conduued a reviewof the mèior ris to twhichthe charity is eKpDsed. Thechirrty risk rester15 reviewedinnuillyand imended OrAaniSatlDnkl 5tlurturt The End3ngered Sples Protection Agency ha5 re directDf5who 5iton the bo3rd and rneet at le35t ance ayear, twice a yearwhere p0551ble. The dlrectors are responsible lorthe charity'55trateglc dlrectlon affld pollcy.Theycome from a vanetyol profes51onal CkgrOundS relevantto rhecharrty's work. A scheme of delegation 15 In place. andlhe CEO, COO. alld General Managerare re5wn5iblefor providing ihe ¢haritl55ervice5t1ayio dav The COO and General Mallager have responsibilitylorthe day.to.day operational M3n3gemew oltheAgencv charitydelw2rstheservices spÈcified aThd thèt key pertormanc@ indicators met. The COO, CIO ènd Head of Programmes have responsibilityfortheddy-to-d£y operational rnanagementof the 4enty. The CFO. CIO, Heid of PrOgramrnÉ and AccDUllt5Admin15trator h3vere5POn5ibilityforthe day-t(kdayfinancial fflinagement of theAgenEy. The Ch3rrtY'5 key management perne1 have their 5et3t CompabIe tnarket rate5fortheir p051tiuns. re5PDn51bilitie5, End required da¥-t(kday competencies. Ch?rKtysiatt pay is reviewed ye3rly In accordance vdith bjdgering. lorec?51ill& and staff performan. ESPAUSA ESPA ha5 a 515ter Drganis3tiaTr in the USA-The Endangered Specie& USA Foundation-whoseobJectwe5 aretD fl1d5for E%PA'50peritlDnal project5. Integr3ted into the annual accounts.
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 202a Continued Responsibilities of the board of direttts Makeiudgernents and esiirnate51h31 are reasonable and prudet. f the ch3rrtable cotnpanyand to enablethemto ensureth3tthefin3nci31 statetnents complywiththe Companie5Act 1985. The board of directors3realso mÈmr50fthE boatrI diltttOrS Members olthe ard. who aredirettors forthe purpose of company law andtrusteesforthe purwse of chantyia¥Y. whoserved durin8 the year and up to the d3te of this report are52t out 1 In accordanWIth company law.35the iompany's difettors. wetertrfythat-. So kr aSwe a awa. the is no relevÈTht audit informètion of whichthe companwsèuditors are unavftre. the direoors of the company we have tsken allthe Steps thattweoughtto
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ContinuÈd Fin8nrial Review corefunds in the Proi2ct Fr3nktondocutnentsry prDduEtIon. Atthe end of finanEialyear2023, the ESPA'5 totsl fund5 stood at£58.808, frorn £32,248 In 2022, of which £43,995 were uTrre5triUed. The charity generated cash of £131.631 In theyearl2022'. outllow ol E183,291I. Withc1051ng cash reSeTh of £204.243 Prinupalfundins SQU5 Futurefundralslng E5PA has UK charityst3tus and 5O1lcl3 st3tusforESPA's USAsisterorganisatiOll, 3nd ha&succe55fullyffl31nfained progress accordin8to it5 fundr3151ng and Fund rJ151D8StandJrd5-SeciknD 14421 AllfundTaising Is performed In-hDUSe. No complaints were received In theyearwith reg3rd5to ourfundrai&in4Standirds. fjoir¥cyncprn Atthe time of 3pprovingthe financia15tatem@nt5,the board of direttors h3S3 r&asonableexpectation thatthe Eharityha& adequète resource&tO Eontinu Statements. Reset¥es wtstedure hereby unrestricted funds not committed should be retained in the aCCOunt£s a minimvm figure to COverunfore3een Overhead as a reserve to meet FuturePlans
ENDANGEREDSPECIE5 PROIECTION AfjENCYITD IAComp3nyLimited byGuarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ContinuÈd statement ofTrustees' respon5ibilitie$ TheTru5tee5 Iwho are a150 thedirettors olthe Companyforthe purposes of company lawl¥rere5pon5iblefor preparingtheTwMee5' Report the 5tatement5 unless theyare 5ati51iedth3ttheygive a true and f3irview Dfthe 5tste of Bffairsofthe GroupaTrdthe Company3nd af theirincDming re50ufEe5 5eleusuirable accounting policies3ndlhen 3pplyihem co5151eI1Y-. obserthe meihod5 and principles olihe Charrtie5 50RP (FR5 1021,. M3keiudgmenfs and accounting estimates that3rereasonablÈ and prudent. %tatewhetherapplicable UK Accounting Standird5 IFRS 1021 hive been followed. &ubjeUto anytnaterial Statements complywith the Comwnie&Act 2006.They are 3150 re5ponsiblefors3feguarding the a55et50f the Group¥ndlhe Company and hence lortsking Dtsdosureof Snfo¥matlont0a1ftor Each of the persons whoare Oirectors atthetime ¥yhen thlsTrustees' Report Is approved has conflrmed that.. unaware, and that Direttor haltaken all theStep5thÈtOushtto hève been tsken ÈS È DItor In orderto be awÈre of Ènv Approved byorderof the m@mber501the board of Tru5te25 and signed onthe1rbÈha by.. HariyTaWor Directorand Chief Executive Officer Peter Carr DiiectDI D3te'.
ENDANGERED SPECIES PROTEcnoN AGENCY LTD IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF ENDANGERED SPECIES PROTECTION AGENCY LTD Opinion We have audited the financial staternent5 of Endangered Specie5 Protection A8ency Ltd Ithe'parent charitable company'l and it5 Subsidiary I'the group'l forthe year ended 31 Decernber 2023 which comprise the Consolidated Statement of Financial Activitie5, the Con501idated Balance Sheet, the Cornpany Balance Sheet, the Consolidated Statement of Cash Flow5 and note5 to the financial statements, including a summary of Significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United KinBdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial staternent5' Give a true and fairview of the state ol the group'5 and of the parent charitable company's affairs a5 at 31 Decernber 2023 and of the group's incoming resources and application of resources, includin8 Its income and expenditure for the year then ended,. Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for opinion We conducted our 8udit in accordance with International St8ndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financi81 statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relev3nt to our audit of the financi31 statements in the United Kingdom, including the Financial Reporting Council's Ethical Stand3rd, and we have fulfilled our other ethical responsibilities in accordance with these reouirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ¢on¢lu$ion$ relatiny to going concen In auditing the financial st8tements, we have concluded that the trustees, use of the going concern basis of accounting in the prep8ration of the financial st8tements IS 8ppropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collecrively, may cast SlBnificant 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 report. Other Informatlon The trustees are responsible forthe other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 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. In connection with our audtt of the financial statements, our responsibility is to read the other information and, in doing so, Consider whetherthe other information 15 tD*erially inconsistent with the financial staternents or our knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material inconsistencie5 or apparent material nii55tatements, 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 perforrned, we conclude that there is a material misstatement of thi5 Other inforrn3tion, we are required to report that fact. We have nothing to report in this re8ard. io
ENDANGERED SPECIES PROTEcnoN AGENCY LTD IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF ENDANGERED SPECIES PROTECTION AGENCY LTD ICONTINUEDI Opinions on other matters prescribed by the Companies A¢t 2006 In our opinion, based on the work undertaken in the course of the audit.. -the inforrnation given in the Report of the Trustees for the financial year for which the linancial statements are prepared 15 consistent with the financial 5tatements', and -the Report of the Trustees has been prepared in accordance with applicable legal requirement5. Matters on whl¢h WÈ are requlred to report by ex¢eptlon In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the followinz matters where the Companies Att 2(K)6 requires us to report to you if, in our opinion.. -adequate accounting records have not been kept by the parent charitable company or returns adequate for our audit have not been received from branches not visited by us., or -the linancial statement5 are not in agreement with the parent charitable company accounting records and returns,. or -certsin disclosures of trustees. remuneration specified by law are not made., or -we have not received all the information and explanations we require for our audit,. or -the trustees were not entitled to take advantage of the small companie5 exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Re8pon8ibilitie8 of tru8tees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible forthe preparation of the financial statement$ 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 preparin8 the financial statetnents, the tru5tee5 are responsible for a55e55ing the group and parent charitable company'5 ability to continue a5 a Boing concern, disclosing, a5 applicable, matters related to going concern and using the going concer ba515 of accountln8 unle55 the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. li
ENDANGERED SPECIES PROTEcnoN AGENCY LTD IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF ENDANGERED SPECIES PROTECTION AGENCY LTD ICONTINUEDI Our resptsn$ibilities for the audit of the financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements 8$ a whole are free from material n1155tatement, whether due to fraud or error, and to issue a Report of the Independent Auditor5 that include5 our opinion. Reasonable a55urance is a high level of assurance, but 15 not 3 guarantee that an audit conducted in accordance with ISA5 IUKI will alway5 detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered rnaterial if, individually or in the aggregate, they could reasonably be expected to influence the econornic decision5 of users taken on the basis of these financial statement5. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing th& risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws 8nd regulations, was 8s follows.. we identified the laws and regulations applicable to the charity through discussions with management and trustees and from our profession313nd sertor experience., 8nd - we focused on specific laws and regu18tions which we considered may have a direct material effert on the financial statements or the operations of the charity, including the Charities Att 2011., - we assessed the extent of compliance with the laws 3nd regulations Identified above through making enquiries of management and inspetting documentation. We as5e5sed the 5U5ceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by.. making enquirie5 of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., and considering the internal contro15 in place to mitigate risks of fraud and non<ompliance with law5 and regulations. To address the risk of fud through m3n3gement bias 8nd override of controls, we.. performed 8n81ytical procedures to identify 3ny unusual or unexperted re18tionships,' tested journ31 entries to identify unusual trans3rtions' - assessed whetherjudgements and assumptions made In determining the accountinB estimates set out in note 2 were indicative of potent131 bias., and investigated the rationale behind significant or unusual transattions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation,. and reading the tninute5 of meetings of those charged with governance,. and enquiring of mana6ement as to actual and potential Ittlgation and clairn5. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material mi5Statement in the financial statements or non-cotnpliance with regulation. This risk increases the more that compliance with a law or regul3tlOn 15 retnoved from the events and transactions reflected in the financial 5tatement5, as we will be le55 likelyto become Bware of instances of non-cotnpliance. The risk 15 also greater regarding irregularities occurrins due to fraud rather than error, a5 fraud involve5 intentional concealrnent, forgery, collusion, omi55ion or mi5repre5entation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms p3rt of our Report of the Independent Auditors. 12
ENDANGERED SPECIES PROTEcnoN AGENCY LTD IA Company Limited by Guarantee) 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 $0 that we might state to the charitable company's members those matter5 we are required to state to them in auditor5, report and for no other purp05e. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members a5 a body, for our audit work, forthis report, orfor the opinion5 we have formed. Hayden Priest 8Eng 8FP FCA1Senior Statutory Auditor) for and on behalf of UHY Calvert Smith LLP Statutory Auditor Chartered Accountants Heritage House Murton Wav 05baldwick York North Yorkshire Y019 SUW Date.. Hayden IAug 2, 2024 22..02 GMT+il 13
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmlted by Guarantee) CONSOLIDATED STATEMENT OF FINANCIALAcfiviTIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 December 2023 UnStrICted funds 2023 Re$tri¢ted funds 2023 Total fund$ 2023 Totsl funds 2022 Note Incom8 frorn- Donations and legacie5 Charitable activities Other income 13,264 840,276 204,347 217,611 840,276 273,314 973,824 551 Total incom8 853,543 204,347 1,057,890 1,247,689 Expènditure on.. Raising funds 46.854 773.659 46,854 984,477 105.358 1.343.185 210.817 Totsl expenditure 820.S13 210.817 1.031,330 1,448.S43 Net lexpenditurevincorne 33,030 16.4701 26,560 1200.8541 Transfers between fund5 18 Net movement In fund$ 21.919 4.641 26.560 1200.8541 Reconciliation of fund8'. Total funds brought forward Net movement in funds 22,076 21,919 10,172 4.641 32,248 26,560 233,103 1200.8551 Total funds carried forward 43,995 14,813 58,808 32,248 14
ENDANGERED SPECIES pRoTE10N AGENCY LTD IA Company Limiied by Guarantee) CONSOLIDATED BALANCE SHEET For the year endèd 31 December 2023 2023 2022 Fixed a88ets Tangible assets 14 27.787 36,000 27.787 36,000 Current assets Dèbtors Cash at bank and in hand 16 22 48,344 204,243 83.898 72,612 250.587 136.308 Creditors". amounts falling due within one year 17 1219,5671 1140,0591 Net CUfTent assets 31.021 13,7511 Totsl net assets 58.808 32,248 Charlty fund$ R8slrict8d funds Unrestricted fund5 18 18 14,813 43,995 10,172 22,076 Totsl funds 58,808 32,248 The Trustees athnowledge their responsibilities for complying Trmtt) tt)e requirements of the A¢1 tr) Spect to a¢¢ounling records and preparation of financxal slalemenls. The financial slalemenls have been prepared in accordance with the provisions applicable to entities Subject to the small Companies rlMe. The financial statements were approved and authorised for issu8 by the Trustses and signed on their behalf by.. HaTry TaOr Peter Ca Date.. The notes p3ge5 form part of these financial statements. 15
ENDANGERED SPECIES PROTECTION AGENCY LTD IA Company Llmlted by Guarantee) COMPANY BALANCE SHEET For the ye81 ended 31 December 2023 2023 2022 Note Fixed assets Tangible assets 14 27,787 36,000 27,787 36,000 Current assets Debtors Cash at bank and in hand 16 46,344 203,385 96,484 37,614 249,709 134,09B Creditors.. amounts falling due wthin one year 17 1219,5671 1140,0591 Net eurrent assets 30,143 15,9611 Total net assets 57,930 30.036 Charlty funds Restricted funds Unrestiicted funds 18 18 14,813 43,117 10,172 19.864 Total fund5 57,930 30,036 As peimitted by 5408 Companies Act 20C6. the ry)mpany h85 not presented its own Statement of Financial Activitites and related notes. The Cornpany's net movement in funds for the year was £27,894. 20221£161.7971 The Trustees acknowledge their responsibilities for complying with the requirements ol the Act wth respect to accounting records and preparation ol finanaal statements. The financial statements have been prepared in accordan wth the provisions applicable to enb.ties 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 Tayknr Pel8r Carr Date.. le
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Cash flows from operatlng actlvltSes 21 143,685 1133,5981 Net cash lused inl/prowded by operating artivities Cash flows from Investlng artlvltles Purchase of tangible fixed assets 14 {12.OS41 149,6931 Net cash used in investing activities Net cash provided by financing activities Change in cash and cash equivalents in the year 131.631 1183,2911 Cash and cash equivalents at the beginning of the year 72,612 255,903 Cash and cash equivalents at the end of the year 22 204.243 72,812 The note5 on pages 18 to 31 form part of these financial Statements 17
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 Accounting policies 1.1 Basls of proparatlon of flnanclal 8tat8m8nt8 The financx81 slaiemenls have been prepared in 8ccordance with Accounting and Reporting by chan1$." Financial Reporting Standard apICable in the UK and Republic of Irdand issued in October 2019. the Finanud Reporbr¥J Sl¥ndard appliCae In Ihe United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011, the Companies Act 2006 and UK Gener811y Ac£*pled AccountirvJ Pradice Endangered Species Protection Agency Ltd rneels Ihe tlefinilion of a public benefil enlily under FRS 102. As5els and Iiabililies are Initially recognised sl h151orical c051 or Irsnsaclion valLE unless olhewise slated In ihe rekvant attounting policy. The Consolidated Slalemenl of Financial Aclimlies ISOFAI and Consolidated Balance Sheet consolidate the financial slalemenls of Ihe Group and its subsidiary undertakiThJ. The results of the subsidiary are consdidaled on a line by line basis for both Ihe current and totnparative year. The Group has t3ken advantage ofthe exemption allo¢ under secbon 408 oflhe Companies Act 2006 and has not presente ils own Slalemenl of Flnanclal AclivlliÈs in IhÈsÈ financial ststements. The finanual slaletnenls are presented in slerfing which is the functional currency of Ihe parent Charitab cotnpany arKI rounded lo the nearest £. The forelgn subsidlary has a functional currency other than the slÈrfing. Thè results of thè subsidiary have en tran$l8ied Into sterfing Ilhe currency in which ESPA UK presents ils financial ststementsl as follow5". Foreign currency assets and liabilitiÈS are Iran$laied at the dosing rate-, The Income slalemenl Is translated 81 the average rale for the perioLI'. Translation differences arising from differentexchangÈ rates are rectyJnised in Ihè Statement of Finanua Acti1$. 1.2 Company StstU8 The rl)arliy Is a company Ilmited by guarantee. Incoworated in Ewland and wa8. Thè company's registered office Is as slated in the Trustees. Report. 1.3 Going concern The Diredors have prepared forecas15 and pmjections of incorne expenditure for the period lo 31 DeTrmber 2024 and 10 31 December 2025 and 8ubjected these forec881s lo sensitivity analysis ¥¥hich shows that Ihey h8ve sufticienl reserves lo be ab to continue for the foreseeab future. They 11 continue lo monitorthe itnpact on incotne and lake appropriate action as Al the time of approving Iha finanra81 sla18menls. the Olrector8 have a reasonab expectation that group and parent haritaNe company have adequate reSoUS to continue in existen forthe foreseeable future. The Diredors therefore continue lo adopt the going concern basis of prep8ralion for these financial 818tements.
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 1.4 Income All Income is recognised once the Company has enliuemenl lo the income, It is probabk that the incorrE wll be received and the amount of income re1¥able can be measured reliably. Charitable Acliwlies Incotne from contracted projects 15 recognised on a work done basis, once the Company is entitled lo the incotne. Donatlons and Grants Incotne from donation5 and grants, including capital grants, are included in incomp these are receivable. exp1 35 fdlows". When donors speufy that donations and grants that are gwen to the charity musl be used in future accounting periods, the Income is deferred until those periods. Vmen donor5 impose conditions vthich have to be fulfilled before the charity becomes entitled to use su( Vmen donor5 spefy that donations and grants. induding capital grants. &re for pariicular restricted purpose5, vthich do not amunt lo pre-conditions regarding enlitlemÈnt. this income is induded wlhin restricted irKx)mè hvhen receivab. Grants are included in the Consolidated Statetnenl of Finanad ActIlS on a receivab basis. The balance of incorne received for specific purpose5 bul not expended during the period Is shown in the relevant funds on the Balan Sheel. Vifvere Income Is received in 8dvante of entidement of re¢Eipi. ils recognition is deferred aTKJ included in creditors as defetred income. Wthere entitlement occurs before income is received. the income is 8ccrue(l. Other incomè is recognised in the pèriod in which it is receivable and to the Èxtent the gotJ$ have been promded or on completion of the serwce. 1.$ Expenditure Expenditure is recognised On Ihere is a legal or construclwe obligation lo transfer econotnic benefit lo a third party. il is probable Ihal ¥ transfer of economic benefits will be required in setllement the amount of the Olgation be measured reliably. Expènditure 1$ dassifd by project. The costs of each project are made up of the lolal of direct costs and share(I cos15. induding support costs invofved in undertaking each aclivily. Certain expenllilure is direclty attributable 10 specific actiwlies and has been induJe(I In the relevant cost categories. Support costs are those co81s InCue directly in support of expenditure on the objects of the charity and indude central fundions Ih8t have been allocAed lo actimty cost tategories on a basls tonsistenl wlh the use of resources. Govemance cos18 are Ih08e Incurred in CneCtIon wlh compllanc8 wlth constitutional and statutory requlremenls. Expenditure on raising funds Includes 811 exrJItre Incurred by the Group lo raise fijnds for its Charl1ab purposes and indudes costs of all fundraising activities events and non-charil4ble trading. Expenditure on charitable acliwlies 15 incurred on directly undertaking the acliMlies thich furtherthe Group's objective5, as wel as any associated support tosls. 1.6 For81gn curr8ncI68 Vmere contracts h8ve a predeletmined fixeLI rate of exohange the relevant foreign currency trans8CtioDs are recognised by applying lo the fixed exchange raie per the contract. PJI otrÉr foreign currency trans8clions arè ini118lly recognlsed by apptying to the foreign wtrency amount Ihe spot exchange rale between the functional currency and the foreign cuenCY at the dale of the transaction. Monetary assets and liabilitS denotninated in foreign cutrenues are translated into sterling at rates of exchange Tuling al the reporting dale. Tran$8clions in foreign uJrren¢ies are tranglated into sterfing 81 Ihe rate mling on the date of the Iransactlon. Exchange galns and losses are recognised In the Consolidated Slalefflenl of Financial A¢liMlies. 19
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 1.7 Taxatfjon The Company is considered to pas5 the tes15 set out in Paragraph 1 schedu 6 of Ihe Finance Act 2010 and therefore il meets the definition of a ch8rilable comp8ny for UK corporation13% purposes. Accordingly, IIE Company Is Potentially exempt from laxaiion in respect of incotne or capital gains reteived within t8tegorie$ covered by Chapter 3 Part 11 of the Cotporation Tax Act 2010 or Section 256 of the Tax3tion of Chargeable Gain5 Act 1992. to the eylenl that such incorlle or gains are applie Èxclusivety lo charitable purposes. 1.8 TangIb flxed 8SSèts and depro¢18tlon Tangib fixed assets costing £1.000 or more are capitdised and recognised Ythen future economic bÈnèffts are wobable and the cost or value of the asset can be mea5ureLI reliably. Tangible fixed asset5 are initially recognised at cost. After recognthon, under the c051 model, tangible fi%eJ asse15 are measured at cost less accumulated depreciation and any atcutnulaied impairment10sses. Ml costs incurred to bring a tangible fixed asset into ils intended working condilion Should be InUe(l In the measurement of cost. Depreciation 1$ charged so as 10 allotrAe the cost ofta1b1è fixed assÈis $$ th¥r residual value over their estimated useful liwes. using Ihe slraigm-line melhLKI. Dewecialion is provided on the fdlowing ba5e5." Plant 8nd machinery 3 year slraum line CotnPLrter equipment 3 year slravjht line The assets, residual Values. useful lives 8nd depreuation methods are rewewed. and adjusled prospectively rf appropriate. or if there is an indication of a significant change since the1881 reporting dale. 1.9 D8btors Trade and other debtors are recognlsed al the setllemnt amount after any trade discouffl offered. Prepayments are valuèd at the amount prepaid nel of any trade discounts due. 1.10 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly IiquKI investments vAlh a short maturity of three months or $S from the date of 8wuisltion or opening of the deposit or slmllar 8ccounl. 1.11 Llabllllles and provlslons Creditors and provisions are recognised véhere there is a present oblig8110n resulting from 8 past event ihal VAII probably result in the transfer of fund5 to a third paty and the amount due to Sett the obligation can be measured or eslimaled reliably. Creditors and kyovisions are normally recognise(J al their sellkmenl 8mounl afler allowing for any discounts due. 1.12 Flnanclal In8trument8 Tre Group only has financi8135sets finanu31 li3bilities of 8 kind that qu81ify as basic financial instruments. Basic finanual instrumènts arè initially rècognised 81 Ir8nsaction value and subsequènly mé8$ured al thèir Sèttlement valuè wth the exception of bank loans which are subsequently measured al amorti5ed cost using the effective Interest method. 1.13 Employee benefits The c08ts of short-term employee nefIts are recognised as a liability and an expense. The c05t of any unused holiday enliffiement is recognised in Ihe period in Ythich the emOyee'S SeICe5 are reTrived. Temiination benefits are renised immediatety 45 an expense vhEn the company is e5tabty cornfflitted lo lermin4te trE 8mploymenl of an am0ye orto provld8 18rmlnalion b8n8fits. 20
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For the year 8nded 31 December 2023 1.14 Pensions The Group oper3les a define(I contribution pension scheme and the pension charge represents Ihe afflounts payable by the Group to fund In respect of thÈ year. 1.16 Fund accountfjng Gener81 funds are unreslricted fund8 which are available for use al trE disuelion of the Trustee8 in furiherance oflhe gerEral objectives of the Group and which have not been designated for other purposes. Restricted funds are fund5 which are lo be used in accordantr wlh speufic restricbons imposed by donors or vthich have been raised by lh8 group for parthcular purp08es. The costs of raising and administering such funds 8r8 ch8rg8d again81 the spefafic fund. The aim and use of each reslricled fund is sel out in the notes to the financial staletnenls. Critical accounting estsmate5 and area5 of judgment E5tirnates and judgrnenls are continualty evaluale(l and are based on historic41 experience and olher factors, including 8xpedaiions of futur& events Ih818r8 believed to b8 reasonable under the ciruJm818nces. Critical accounliw estifflates and 35sumplions.' The Compsny makes eslimsles assumptions concerning Ihe future. The resulting accounting estimates and assumptions 11, by definition. seldom equal the related actual resuhs. Ahhough not a significant risk of material missl4lement the allocation of supp(Kl costs 15 also a key estimate. accounllng Irealmenl of support costs can be found in accounllng policy 1.5. Income from donatlon8 and legacles UnrÈ$trictèd fund5 2023 Restricted fvnds 2023 T¢)tal funds 2023 Total funds 2022 Donations 4.264 4.264 5,608 Grants 9,000 204,347 213.347 267,7( Total for 2023 13,264 204,347 217,611 273,314 Total for 2022 12,108 261.206 273,314 Incomo from charftablo actlvltfj88 Unrestrlcied funds 2023 Rostrlctod funds 2023 Total funds 2023 Total fund5 2022 Project Resdule (renamed Okapil Allegiance Alliance Alpha A5SiSi Coalili Holspur Ren(wn Surety Tenaty 404.881 23.247 60.319 182.700 404.881 23,247 60,319 182.7(A) 654.39) 19,388 1,031 48,692 86.235 31.475 64.200 66,235 31,475 64,200 123.460 107.683 19,183 7.219 7.219 Total for 2023 840,276 840,276 973,824 Total for 2022 954,438 19,JB6 973,B24 21
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For the year 8nded 31 December 2023 othor Incomlng r68ourcoS Unrestricted funds 2023 Totsl funds 2023 funds 2022 Other income 551 Total for 2023 551 Total for 2022 S51 Ssl Expondlture on ra181ng fund8 Costs of rdising voluntary income Llnre5tricted tunds 2023 Total funds 2023 funds 2022 Professional fees CotnPLrter and sofiware costs Wages sal3ries Employers Nl Em0Ye$ pènsion Travel Expenses Post and slalionery 11,693 1023 29,0 3,173 596 207 11,693 1,023 29,060 3,173 23,402 1,747 68.480 6,336 1,158 2,075 207 Total for 2023 46.8S4 46,8S4 IOS,35B Total for 2022 105,358 105,35B Anatysls of 8xpendltuTr on charltable act&S Summary by fund type and projoct Llnre5trictsd funds 2023 Restrirted fund8 2023 Totsl funds 2023 funds 2022 Other ch8rilable expenditure Projèct Mpha Project Mlian Project Franklon Projèct Flots8m Project Renown Project Ten?ty Projecl V8nguard Project Hoispur Project ResolLrte (Okapil Projecl Allegiance Projèct Horus Project Coalition Project Surely Project Sa18r other smallÈr projects 4.139 143.160 54.422 4,139 171,766 54,422 138,322 222,030 60,442 28.606 138.322 321,749 10,721 124.035 32.755 2,940 39.690 920 39,690 920 31.630 435.216 18.479 31,630 4J5,216 18,479 12,059 39,B87 2,644 31,830 3,471 425.195 12,050 4,859 54.555 83.504 39.887 31.830 3,471 401 Total for 2023 773,659 944,213 210,817 9a4,477 1,343,185 1,343,185 Total for 2022 398,972 22
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For the year 8nded 31 December 2023 Analysis of oxpendituro by activities Activitie5 undertaken dlroctly 2023 Total fund8 2023 Support costs 2023 funds 2022 Other chariiatAe expenditure Project Mpha Project Allian Projèct Franklon Project Flotsam Project Renown Project TenatY Project V8ngu8rd Project Mlegian Project ResolLrte (Okapil Project Holspur Project Horus Project Coalition Poriect Surety Project Sa18r other smaller projec18 1.088 99.403 41.408 73.731 3.051 72,364 13,014 64,547 45 16,696 920 4,139 171.766 54.422 138.277 45 39.690 920 222,030 60,442 321,749 10,721 124.035 32,755 2,940 22.994 13.916 280.428 25.033 5.380 23.833 4,563 154,789 6,597 6.880 16 054 18,479 435.216 31.630 12,059 39,887 2,644 31,830 3,471 425.195 4,859 54,555 83,504 25.867 2.922 5,963 $49 401 Total for 2023 616,002 368A75 984,477 1,343.185 Total for 2022 961.652 381.533 1,343,185 Anaty$i$ of direct c¢>sts 2023 2022 Contractor costs Travel expenses Leg818nd professional few6 Vehide expense5 Project specific Insuran costs OtIEr direct costs 444.518 75,826 833 4,820 23,863 66,131 739.029 140,983 8,329 24,950 48,361 616,002 961,652 10 Analysls of support CO818 2023 2022 Consultancy fee5 Wages 8nd sa18ri&S Employerfs Nl Employers pension Travel expenses Professional f8es Bank ¢h8rges Insuran Offi* expenses Printing, postage and 8tstionary Computer and sof1wa costs Accountancy fees Sundries Depreciation Subscriptions Foreign currency gain5 and losses Advertising and marketing 19,945 179,637 15,371 1,978 9,027 27,832 2,077 18.3( 12,805 751 5,323 15,674 4,844 20,265 4,746 29,740 155 10,740 194,731 16,249 2,318 35,838 30,001 3,189 15.735 14,561 2,803 2,964 27,830 8.102 16,929 4,962 15,5281 305 368,475 381,531 Travel expen5e5 indude expenditure on airtravel. train travel, taxis. accornodation and 5ubsi5tence. 23
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 Audltofs r8mun8ratlon 2023 2022 Fees payabk to ttE Company's aLKlilor for Ihe aLKIit of Ine Company's annual accounts 7.315 7,000 Staff costs Group 2023 Group 2022 Company 2023 Company 2022 Wages and 5al4ries 208.697 263,211 208.697 263.211 Social security tosls 18,544 22,585 18.544 22,585 Contrlbution to defined contrlbulion penslon 5chetnes 2.574 3474 2,574 3,474 229,815 289,270 229,B15 289,270 Tre average number of persons employed by the Company during IIE year was as fdlows.. Group 2023 Group 2022 EMOYeeS The number of employees whose employee benefils (excluding employer pension costsl exceelled £60,000 was.. Group 2023 Group 2022 In thÈ band £60.001- £70.000 In the band £70.001- £80.000 In the band £100,001 £110.000 The total amount of employee benefits (including Èmployer pÈnsion contributsons and national insuran¢Èl receivj by key management per50nrEI Is £162.33812022.. £173.5211. The company consillers Ils key m3nagerllenl personnel to compr15e of IhÈ Chlef Executive Officer, Chief Operating Officèr. Chief Finance Offlcer arKJ Chf Informallon Officer. Trustees, rernungratlon and expenses Durlny IhÈ year, no Trusteès rÈcÈived any remunèrallon in their capaclty as TmsleÈs12022'. £nill. One ITuslee has receive(I remuneration in their paty Bs Chief Operating offi[. further ¢etails of which are given in note 24. During the yearended 31 December 2023, expenses l018llirvJ £nil were reimbursed or paid direcuy to Trustee8 24
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 14 Tangible fixed assets Plant and Machln?ry Computer Equipment Total Group and Company Cost or valuation Al 1 J8nuary 2023 49,362 16,234 65,5% Additions 9.300 2.754 12,054 Dlsposals At Sl December2023 58.662 18,988 77,650 Depreciation Al 1 J8nu8ry 2023 18.792 12,804 29,5 Charge forthe year 17.722 2.544 20,266 On dispos818 At 31 December2023 34.514 IS,34B 49,862 Nèt book valuè At 31 December2023 24.147 3,640 27,787 At 31 Decembèr 2022 15 Prlnclpal 8ubsldl8rlos Endangered Species Protection Agency USA Foundalion was considered lo be under the control of the parent charitable cotnpany as a result of it's ByLaws and therefore meets the definition of 3 subsidiary. As a resuh. a consolidated position ha5 been prepared for the current 8nd yior year. The Foundation has 5011311¢) status and is registered in Uniied States of America. ThÈ resullg of IhÈ f(MJndation have beèn Ir3nsbled into Slerting ftirthe PUTposes of the group 3ccounls. The finanual re5uIIs of the subsidiary for the yearwere 2023 2022 Incorne.. Expenditure.. Dèficit for IhÈ yÈar Nel assets. 185,669 187,004 11,3351 773 177.544 196.419 34.981 25
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 6 Debtor5 Group 2023 Group 2022 Company 2023 Cofflpany 2022 Duo wfthin onè yèar Tra¢e debtors Other debtor8 PrepÈytnenlS and 8CCtued income 423 6,241 39,680 44,410 2,388 16,898 423 6,241 39,680 44.410 2,388 49.686 46,344 63,696 96,484 Croditors.. Amounts falllng due ythin one year Group 2023 Group 2022 Company 2023 Company 2022 Trade treditors Other creditors Accruals and deferred income S9,048 2.879 157,640 45,736 5,336 88,987 59,04B 2,B79 157,640 45,736 5,336 88,987 219,567 140,059 219,567 140,059 26
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 18 Statement of funds Statement of funds- Current year Balance at 1 Jdn-23 Transfèrs inlout Balancè at 31 Dec-23 Income Expenditure Unrestricted funds D881gnated funds Proiets Libertv Project Piper Projett Neptune Proied Pinda Proiell Surety 14931 16631 493 863 1.788 527 2.644 18.479 54.422 39.887 31.630 435.216 39.690 920 143.160 15271 12,e441 118,4791 154,4221 139,8871 131,6301 1435,2161 139,6901 19201 1143,1601 Proied Alli3n¢e Proiets c031iiion Project Hotspur Projett OkÈpi Proied Renow Proje Tenacity Projett Alpha 1769,5201 769,520 Genor81 fund8 General furKIs 19,864 841.102 137.2181 1780,6311 43,117 ESPA USA funds 2,212 12.441 113,7751 878 22.076 853,S43 150.993 1780,6311 43,995 Total UnMstrf¢tèd funds 22.076 853,$43 1820.5131 43,995 Restricted lund5 Proi8ct Mpha 28.606 13.700 128,6081 112,0591 1451 7,141 3,000 45 11,782 Proied Flot5Im Proiell Libertv Proiell Frankton 3.031 3,031 138.277 23,763 1138,2771 131,8301 8.066 10,172 204,7 1210,8171 14,813 Total of Funds 32.248 1,057,890 11.031,3301 58,807 27
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 Statement of funds. prioryear Ba18nce at 1 Jén-22 Balance at 31 Dec-22 In¢ome Expenditure inlout Trnn5fers Unrestricted funds D881gnatod funds Project Assisi Project Renown Projecl C¢8lition Projèct Halo Project Vanguard Project Ok?pi Projecl Orphan Projèct P8nda Project Surety Project Tenaoty 78 11.23n 1124,0351 154,5551 1.158 124.035 54,555 12.9401 1425,1951 1331 2.071 183 5041 132,7551 2.940 425.195 33 83,604 32.755 78 1722,1821 722,105 General funds General funds 213,979 4.099 1307.5571 1850,6571 19,864 ESPA USA funds 19,044 2.998 119,8301 2,212 233.023 967,097 1327.3B71 18SO,6571 22,076 Total Unrestricted fund5 233.102 967,097 11.049,S701 12B,SS21 22,076 Restricted funds Project Alpha Projeci Horus Project Flotsam Project Libety Project Franklon 55.237 12.000 160,4421 14.8591 110 7211 5,205 7,141 10,721 4.232 209.123 3,031 1321,7491 112.626 280,592 1398,9721 128,S52 10,172 Total of Funds 233,101 1,247,689 11,448,5421 32,248 28
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 statomont of funds Icontlnuodl Project ALPHA Establishtneni of a parknèrship for the purpo$Ès of dÈvdopiw anti-poaching strategy $tIalIst counlèrpoaching Project ALLEGIANCE Cameroon Projoct FLOTSAMIFRANKTON EsblIshMent of 8 parinership for the purpose8 of conductirvJ an In¥e8tigalion into rogue whaling vessels operating In the Barents sea. Proioct ALLIANCE Estsblishmenl of a partn8rshSp for the purposes of d8vdoplrvJ a conservation. law8nforc8menl. and human rights b251 practi slralegy. and unarmed sdfefen training in Liberia. Project HORUS E5tablishtnenl of partnership5 forlhe purpose of protecting the UK'S pEregrine falcon populations ProJ8Ct HOTSPUR Establi%hment of a partnÈrship forthe purposes of developing a ConsertI0Th, lawenforcement, and setufityassessment and r15ks lo hum3n rights in The Cent1 Cardimorn Mountain5 National Park Qtrbodia. ProJ8Ct LIBERTY EStdb115hment of partnerships forthe purposesof InvÈStig3tingthe illegal lion bone tttdÈ, the taptive lion industryand its Proloct OKAPI ESblIShMent of 8 pariner8hip for the purpose8 of delivering ranger training lo up4kill and increase the operational effectiveness and safety of EcGuardS in the Okapi Whlife Reserve. DRC. Projoct SALAR Establishment of partnershlps forthe purwse of Investigatingthe negative effetts of industrial open-nei salmon farming on wlld Project TENACITY Estsblishrnenl of a partrErship for the purposes of in¥estigaling ItrE lion bone trade. Projoct COALITION effectivene55. human right5 best practiie5. and safety of Eco-Guard5 In Maiko National Park. ORC. Project RENOWTr4 Estab115hmenl of a partnership forthe purp05e5 of developing conservation. liw enfOemet. 5ecurityand r15k5 to humin rights. Trnn5fers V¢here the Company undertakes conlr8Cted project8. Ihi8 incorfE 18 designated for the particular project, until the contracted semces have been carried OLrt. Vthere appliCate surFIu5es accrued in rdation lo projects are released to gener81 reserwes lo be used for the charitable purpose of Ihe Company, once the project h8S teen completed. These are Shown as transfers between funds Vmere projects required additional expenditure in the year, this has been Sour fr ESPA general funds and is Shown as transfers into restricted funds. 29
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For the year 8nded 31 December 2023 19 Summary offunds Summary of fund6- curront ytrar Balance at Jan-23 Transfer5 Inlout Balance at 31 Dec-23 Income Expendlturo Desvjnaled fuTvJs 1769.5201 769.520 General furKJs 22,078 853.543 150,0931 1780,6311 43,995 Restricted funds 10,172 204.347 14,813 32.248 ,057,890 11.031,3301 58,808 Summdry of funds- prioryear Balanc6 ai 1 Jan.22 Transler8 inlout Balanc8 at 31 Dec.22 Income Expenditure DesvJTrated fur5 78 1722 1821 722.105 General funds 233,023 ££7.097 1327,3871 1850,6571 22,078 RestricteA funds 280.592 1398.9721 128.552 10,172 233.101 1.247,689 11A48,5421 32,248 Analysls of n8t a8S8ts b8tsveen funds Anatysis of net assets betwepn funds- current year Unr05trf¢tsd R8strl¢t8d lunds funds 2023 2023 Totsl fut)d8 2023 Tangible fixed 8ssels 27.787 27,787 Current assets 235.775 14.813 250.587 Credllors duewthin Or year 1219.5671 1219,5671 Totsl 43,994 14,813 5B,8QB Anaty$i$ of net assets betwÈÈn fund$- prioryear Unrestricted Re$tricted fund5 funds 2022 2022 Total fund$ 2022 Tangib fixed assets 35.910 35,910 Current 88sels 126,136 10,172 136,308 Cwjitors due vAlhin one year 1140.0591 1140,0591 Total 21,987 10,172 32,159 30
ENDANGERED SPECIES PROTEcfioN AGENCY LTD IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS For th8 year ond8d 31 Do¢8mber 2023 21 RenCIlIatIOn of not movement In funds to not cash flow from operatlng actl¥llloS Group 2023 Group 2022 Nel incomelexpenditure forthe year las per Ststemwt of Finanoal Activities) 26.560 1200,8541 Adjuslmenls for-. Depreciation charges 20.266 16,929 Losts on dlsposal 5,917 Increaseldeuease in debtors 17.352 80,605 Increaseldeue8se In uedllors 79,507 136,1951 Net cash provldod byllu8ed In) oporatlng actlvltle8 143,686 1133,5981 22 Anatysis of cash dnd cash equNalents Group 2023 Group 2022 Cash in hand 204.243 72,612 Total cash and cash oqulvalonts 204,243 72,612 23 Pen$ion commitment5 The company operates a define(I conlribulion tEnsion plan for its employees The amount recniSed as an expense in the perlod was £2.574 12022.. £3,4741 Related party tronsactfjons TrE company entered into transaction5 with Peter Carr Sporting Limiw, a limit company owne(I by P Carr. a dlreclor of the company. The comp8ny was rJ)arged £36.674 In resth of contractors fees. 12022. £30.3961. P Carr received remuneration for his position 45 Chief OtErating OffiTrr of £76,000 during trE year 12022.. £101,786) in respect of salary and uni8ken annual k8ve. TVE Charity Commission has provided approval for retnuneralion lo paid to in respect of this role. P Carr aL%o received £4.514 12022 £3,586) frotn the cotnpany in respect of reim[SernPnI of travel, accommod81ion and Other expenses. During the year lo company paid £3,W12022'. £5,448) f(K use of accom(rfJation, ovmed by P Carr a director of the company. for visiting workers to slay in ALSO. durirvJ the year, the company used offi SP8ce ovmed by P Carr. al no cost. The company entered Into trans8Ction8 with D Carr, wife of P Carrvtho 18 8 director of the company. The company was charged £15,741 12022". £20.8911 in respect of contractors fee5. induding reimbursement oftravel and accommodation expenses. The company entered into transactions with H Taylor. a directorof Ihe company. Reirnbursements of £6,31212022." £6,112) were charged lo the company in respect of of Insur8nce, Iravel and other extnSeS, and £Nil 12022 £2.7821 was in respect of contractor fees. Endangered Specles Protection Agency USA Foundation is considered lo be under the control of the parent charitable company as a result of its ByLaw5. During the yearthe parent charitable company reiVed grants of £143.(M)3 12022.. £178,648) from Ihe USA Foundation. and paid £10,48512022.' £Nill to fund its operatirvJ costs. 31