Charity no. 1165769
Panama Wildlife Conservation Accounts for the year ended 31 March 2022
Panama Wildlife Conservation
Reference and administrative details For the year ended 31 March 2022
| Charity number | 1165769 |
|---|---|
| Registered office and operational | 162 Westbourne Grove |
| address | London |
| W11 2RW | |
| Trustees | The trustees who served during the year and up to the date of |
| this report were as follows: | |
| Dr L Ureña | |
| Mr B Rogers | |
| Ms K Dick | |
| Dr B Garner | |
| Bankers | Barclays Bank Plc |
| 35 Notting Hill Gate | |
| London | |
| W11 3QJ | |
| Accountants | Aaron Partners |
| Chartered Management Accountants | |
| 9 Marlands Road | |
| Clayhall | |
| IG5 OJL | |
| England |
Page 1
Panama Wildlife Conservation
Report of the trustees
For the year ended 31 March 2022
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and constitution.
Objectives and activities
PWCC is dedicated to the conservation of biodiversity, animal species and their habitats, through collaboration with local residents and organisations in Panama.
Our mission is to promote the conservation of wildlife, its natural habitat throughout the geographical range of each species, as well as its peaceful coexistence with man, through research and conservation strategies.
To promote, for the benefit of the public, conservation protection and improvement of the physical and natural environment by promoting the biodiversity of Panama. Also to advance the education of the public on the subject of conservation, protection and improvement of the physical and natural environment in Panama with prudent use of natural resources and the intrinsic ecosystem services provided by a natural environment.
Achievements and performance
PWCC was founded on 25 February 2016 and has been successful in developing several wildlife conservation projects in Panama including:
| Project title | Funding agency | Location |
|---|---|---|
| Con-ciencia: citizen science with organized groups in the southern area of Azuero for the conservation of local sea turtle populations |
Small Grants Program GEF – United Nations Development Programme (UNDP) |
Azuero Peninsula, Panama |
| Connecting people to their natural environment through scientific projects, enabling the protection of Cerro Hoya and Santa Fe National parks |
Foundation Natura Panama small grants (Panama) |
Cerro Hoya and Santa Fe National Parks |
| Biotour - connecting biodiversity and ecotourism in Cerro Hoya National Park |
Natura Foundation - Capacity Building Program (PFC) (Panama) |
Cerro Hoya National park |
| Tree Planting activities:It Starts with a Tree Campaign |
Caterpillar Foundation – OneTreePlanted USA |
Santa Clara Community and Cerro Hoya |
| Tree Planting activities: Reforestation through forest enrichment of ten (10) hectares on livestock and agricultural farms in the lower section of the Pocrí river basin |
Sustainable Azuero Initiative of the United Nations Development Program (UNDP) and the Ministry of the Environment of Panama (MiAmbiente) |
Republic of Panama Province of Los Santos |
| Green for the Greens – Monitoring of the Great Green Macaw of Azuero |
World Parrot Trust (UK) | Cerro Hoya National Park |
Page 2
Panama Wildlife Conservation
Report of the trustees
For the year ended 31 March 2022
| Building resilient communities to protect the biodiversity ofCerro Hoya nationalpark |
Natura Foundation - Capacity Building Program (PFC) (Panama) |
Cerro Hoya National park |
|---|---|---|
We have partnered up with iProbono and the law firm Field Fisher UK to complete internal
-
Equality and diversity at work policy;
-
Anti-bribery policy;
-
Website privacy notice (data protection policy); and
-
Website cookie notice.
Financial review
The steps taken to be financially accountable include several trustee meetings over the year where we agreed on how many donations will be distributed in the different conservation projects developed in Panama. Any transaction above £50 has to be approved by at least two trustees.
The money held in our charity comes from private donations and International Grant agencies.
We have invested £80,000 of our income in stocks and shares, managed by Saxo Bank. These do not appear on the Statement of Assets and Liabilities as the accounts are prepared on a receipts and payments basis.
Plans for future periods
Our plans for the future are achievable by the continued governance of the trustees and the dedicated scientific team / project officers in Panama.
Our plans for the future are to launch the first e-commerce platform in the UK to plant native trees in Panama. This new venture will be called LEAF – Trees for Wildlife and is set to become the first online platform in the world that allows learning about rainforest animals and their connection with some of the most ecologically important native trees in the rainforests. For this project, we have chosen 26 rainforest animals (some of them critically endangered) and 30 beautiful native trees which can be selected by public individuals for sponsorship. We are planting native trees on behalf of our individual sponsors within the national parks in Panama. Participants will be able to view their location and follow their progress online. All trees are planted and cared for directly by local communities bringing environmental, social and financial benefits to their families.
We are also in talks with the Panama Government and the Panama Embassy in the UK to develop another photographic exhibition with the Help of Royal Photographer Hugo Burnand. This will be a fundraising follow up activity, similar to our first major fundraising event at the Victoria and Albert Museum, London in 2017.
Page 3
Panama Wildlife Conservation
Report of the trustees
For the year ended 31 March 2022
We are also planning to develop with the help of the Panama Embassy in the UK a 1 - 4 week scientific expedition for UK travellers and students to learn about Panama’s rich biodiversity inside Santa Fe and Cerro Hoya National Parks.
All projects success and implementation are subject to available funding and PWCC will continue to apply for relevant grant funding to support in-country conservation projects.
Structure, governance and management
PWCC is governed by constitution and has appointed trustees as follows:
■ Every trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the acting (or currently appointed) charity trustees; and
■ In selecting individuals for appointment as charity trustees, the current charity trustees must give consideration to the skills, knowledge and experience needed for the effective administration of the CIO.
All four(4) Trustees have been reappointed for a term of three years beginning (the financial or reporting year) 2022.
Approved by the trustees on 20 February 2024 and signed on their behalf by
21 Feb 2024
Dr Luis Ureña - Trustee
Page 4
Panama Wildlife Conservation
Chartered accountant's report to the board of trustees on the preparation of the unaudited receipts and payments accounts
For the year ended 31 March 2022
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of Panama Wildlife Conservation for the year ended 31 March 2022 as set out on pages 6 - 7 from the charity's accounting records and from information and explanations you have given us.
This report is made solely to the board of trustees of Panama Wildlife Conservation, as a body, in accordance with the terms of our engagement . Our work has been undertaken solely to prepare for approval the accounts of Panama Wildlife Conservation and state those matters that we have agreed to state to them in this report in accordance with CIMA Technical guidances. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Panama Wildlife Conservation and its board of trustees, as a body, for our work or for this report.
You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.
21 Feb 2024
Aaron Partners Date: Chartered Management Accountants 9 Marlands Road Clayhall IG5 OJL England
Page 5
Panama Wildlife Conservation
Financial Activities
For the year ended 31 March 2022
| Income Donations received Total Income Cost of Sales Projects -Harlequin Projects-Turtle Total Cost of Sales Total Expenditures Total Expenditures Net Operating Income Other Expenditures Sundry expenses Total Other Expenditures Net Other Income Net Income/(Expenditure) |
2022 2021 (PY) Total Total £ £ 2,180.00 3,180.00 |
|---|---|
| 2,180.00 3,180.00 |
|
| - 95.00 - 252.00 |
|
| - 347.00 |
|
| 2,180.00 2,833.00 |
|
| 2,180.00 2,833.00 |
|
| 1,775.45 2,566.00 |
|
| 1,775.45 2,566.00 |
|
| 1,775.45 2,566.00 |
|
| 404.55 267.00 |
Page 6
Panama Wildlife Conservation
Balance Sheet Comparison
As of March 31, 2022
Total
As of Mar 31, 2022 As of Mar 31, 2021 (PY)
Fixed Asset
Total Fixed Asset
| Cash at bank and in hand Bank Barclays Bank Paypal GBP Bank Paypal USD Total Cash at bank and in hand Net current assets Net current assets (liabilities) Total assets less current liabilities Total net assets (liabilities) Charity funds Unrestricted funds available Surplus/(Deficit) Total Charity funds |
399.83 221.00 128.72 189.00 286.00 - |
|---|---|
| 814.55 410.00 |
|
| 814.55 410.00 |
|
| 814.55 410.00 |
|
| 814.55 410.00 |
|
| 814.55 410.00 |
|
| 410.00 143.00 404.55 267.00 |
|
| 814.55 410.00 |
In addition to cash funds, the charity also has £80,000 of investment assets. Approved by the trustees on 20 February 2024 and signed on their behalf by
21 Feb 2024
Dr Luis Ureña - Trustee
Page 7
Issuer
Aaron Partners
Document generated Wed, 21st Feb 2024 10:32:29 UTC
Document fingerprint e2e9495b26f6261bb58bc4ad16a764fc
Parties involved with this document
Document processed
Party + Fingerprint
Wed, 21st Feb 2024 11:45:44 UTC Wed, 21st Feb 2024 12:08:15 UTC Wed, 21st Feb 2024 12:08:15 UTC
Dr Luis Urena - Signer (0fcc0786b24acf4b4e57d0e49cf507c9) Hub Administrator - Signer (e656f83c055ec529781a7dd37c03069f) Mr Barry Stuart Rogers - Copied In (85d5d8b4bd5b3558d3eec585835f6ea5)
Audit history log
Date
Action
Wed, 21st Feb 2024 12:08:16 UTC Wed, 21st Feb 2024 12:08:15 UTC Wed, 21st Feb 2024 12:08:15 UTC Wed, 21st Feb 2024 12:08:15 UTC Wed, 21st Feb 2024 12:08:15 UTC Wed, 21st Feb 2024 12:07:15 UTC Wed, 21st Feb 2024 11:46:23 UTC Wed, 21st Feb 2024 11:45:44 UTC Wed, 21st Feb 2024 11:45:44 UTC Wed, 21st Feb 2024 11:45:44 UTC Wed, 21st Feb 2024 11:45:44 UTC Wed, 21st Feb 2024 11:39:24 UTC Wed, 21st Feb 2024 11:15:00 UTC Wed, 21st Feb 2024 10:32:38 UTC Wed, 21st Feb 2024 10:32:31 UTC Wed, 21st Feb 2024 10:32:31 UTC
Wed, 21st Feb 2024 10:32:31 UTC Wed, 21st Feb 2024 10:32:31 UTC Wed, 21st Feb 2024 10:32:31 UTC
Hub Administrator viewed the envelope (82.132.225.249) Document emailed to party email (13.40.108.203) This envelope has been signed by all parties (82.132.225.249) Sent the envelope to Mr Barry Stuart Rogers for signing (82.132.225.249) Hub Administrator signed the envelope (82.132.225.249) Hub Administrator viewed the envelope (82.132.225.249) Dr Luis Urena viewed the envelope (5.80.209.43) Dr Luis Urena viewed the envelope (5.80.209.43) Document emailed to party email (3.8.77.218) Sent the envelope to Hub Administrator for signing (5.80.209.43) Dr Luis Urena signed the envelope (5.80.209.43) Dr Luis Urena viewed the envelope (5.80.209.43) Sent Dr Luis Urena a reminder to sign the document. (35.176.231.177) Document emailed to party email (13.40.108.203) Sent the envelope to Dr Luis Urena for signing. (35.178.197.25) Mr Barry Stuart Rogers has been assigned to this envelope. (35.178.197.25)
Hub Administrator has been assigned to this envelope. (35.178.197.25) Dr Luis Urena has been assigned to this envelope. (35.178.197.25) Envelope generated. (35.178.197.25)
Wed, 21st Feb 2024 10:32:31 UTC Document generated with fingerprint 35b17cd488d88a7b292719c1adc94956. (35.178.197.25) Wed, 21st Feb 2024 10:32:31 UTC Document generated with fingerprint e2e9495b26f6261bb58bc4ad16a764fc. (35.178.197.25) Wed, 21st Feb 2024 10:32:29 UTC Envelope generated with fingerprint 63fdaaf1f0fb1c2feff37619a123c168 (18.133.63.166)