Charity reg15tration nurnber.. 1165769 PAMAMA WILDLIFE CONSERVATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Aaron Partners 9 Marfands Road Ilford IG5 OJL Pamama Wildlife Conservation Contents Pège Trustees, Report Independent Exarniner's Report statement of Flnancial Actl¥itSes statement of Flnèncial Positlon Notes to the Flnan¢ial Statements The Following page5 do not forrn part of the statutory accounts: Detailed Staternent of Finandol Activities io Pamama Wildlife Conservation Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the finanaal ststements for the year ended 31 Ma￿h 2025. Objectlves and Actlvlves Alms and Objectlves PWCC is d￿1[ated to the ton5ervatiofi of biodiversity. ènimal 5PetiÈs and their habitats. through tollaboration wlth lotal resldents and organlsatlons in Panama. Our rnission Is to promote the ¢onservètion of wildlife. its Ilaiural habitat throughout the gwrèphlcal ran9e <>f each species, as well as its peaceful coexlstence with man, through research aThl conservatlon sttategies. To prornote. for the benefit of the public. tonservation protecbon ar￿ irnprovement of the physical and notural envlrontnent by promoring the blodiverslty of Panama. Also to advance the education of the publlc on the sublett of conservètlon. protection and improvernent of the physical and natural environrnent in Panama with prudent use of natural resources and the intrinsic ec05VStern services provided by a natural environment. l. Hadeouin Toad Prole¢t The Hadequin Frog Projett focuses on the search, monitoring. and cOr￿eNatiOn of the last remaining populations of harfequin frogs (Atelopus variusl in Panama. These amphibwns a￿ key bioindicators of the health of rnontane ecosystern5 and have suffered (Jratnatle 9lobal t1edines. PWC leads stientific expeditions and environmental education attions to protect these last natural refuges. Source of funding M4n¢he5ter Museum Indivldual donors and Institutlonal partners Duration Mediuffl terrn 15 year51, wlth annual monitorlng and conttnuation subject to fiTrJings and fvndlng. Maln objectives Locate and document surviving hadequin frog ￿p￿lationS • Monitor population status and hobitst condition5 Generare sclentific data to support in situ conservati¢)n Raise awareness arnong local communlties and schools about the Importance of amphlblans • Strengthen local capacity for the protection of nverine and cloud forest ecosystern5 Location / beneficiary communities Santa Fe National Park • Héctor Gallegc National Park • Students, teachers. and communlty leaders Involved In envlronmental education 2. Ara Panama Project This project focuses cn the conservation of the Great G￿en Macaw (Ara arnbiguusl In the Azuero Peninsula, one of Its list areas of historical presence in Panama. It integrates monitoring, nest proteLtion, Community festivals. environmental educatlon, and dlrect engagement with local communities. Source of fundlng World Parrot Trust. Islas Sec)$ Fournl)tiM, Mohamed ts'n Zayed Species cO￿atIOn Fu￿1 Duration Medlurn to long term 13-10 years). Main objectives Monitor wild populations and nesting sites Document the macaw's distribution and habitat use * Identify critical threats in Azuero Support evidente-based conservation actions Implement educational programmes In rural schr￿5 * Promote community pride and stewardship of the species Lotation / beneficiary communities Southern Azuero IVera9uas and Los SaTrtosl * Rural comrnunities, schools, and local leaders Educational benefits and comrnunity-tsa5eJ consertion op￿rtU[bIt1es 3. Jaguars Without Conflict Project Introduction Jaguar5 Without Conflirt airns to reduce twative interacbon5 lJeiweeTr rurdl comrnunrties and the jaguar (Panther6 oncal through monltorlng. conflirt-preventlon measures, and environmental educatloTr In productlve landscapes xross Azuero. source of funding Private donor5 and international cooperabon tnanaged by PWC. Duration Mediurn terrn 11-2 years). Main objectivE Monitor jaguar presence usin9 camern trnps Reduce conflicts with local livestock production Fiaise cofflmunity 4warenes5 about huffl6n-jaguar c0exlste￿e .CONTLNUED Pdge I Pamama Wildlife Conservation Trustees. Report (continued) For The Year Ended 31 March 2025 Alms and ObJectl¥es- tontlnued Protect key biological corridor5 Locatlon / benefSciary communitles Rural areas of Azuero Iprirnanly Verd9uas) Cattle rancher5. producer5. and rural cornrnunitie5 Beneflts Include reduced economic losses and impwoved jaguar conservation 4. LEAF Wildlife Project The LEAF Wildlife Project focu5e5 on pl6nbng native tree5 in Panam8 to help reforestabon inibative5. Our work focuse5 Wlth a strong emphasis on the Azuero region. Source of funding Individu31 donors and priv4te supporters In-kind technical support ènd field collaboration ￿Trtin8ted by PWC Duration Mediuffl terrn (3-5 years). Main oblertives Plant natiwe trees in Azuero Support habitst restoration using ecologically functional tree specie5 Strengthen wlldllfe torridors In fragmented landscapes Locatlon / beneficiary communities • Azuero Peninsula (primarily Veraguas ond L05 Santos) Rural and farmlng communities involved in rertoration activities Publlc Benefit The trustees confirm that they have complled with the requirements of Section 17 of the Charfties Act 2011 to have due regard to the Charity Cornmlsslofi's 9uthn¢e on public benefil. R•f•rence and Admlnl¥tr•tlve Detslll Tru•t¢•• Mr Barry Rogers Dr Luis Urena Ms Katrina Dick Dr Beulah Garner Charlty Number l 165769 Prlnclpol Addrus 162 westboUr￿ Grove Lcndon WII 2RW Independent Ex•mlner Aarvn P4rtnets Chartered Management Ac¢ountants Aaron Partners Chartered Managernent Accountants 9 Marlands Road Ilford IG5 OJL PWCC is dedicated to the conservation of blodiversity. animal species and thdr habltats. through collaboration with local r￿Idents and organ15ations in Panarna. Our This510n 15 to promote the conservation of wildlife, its natural habitèt throughout the geographical range of each species, as well as its peaceful coexistence with man. through research and conservation strat￿leS. To prornote, for the benefit of the public, toTrservabon protethon and irnprovemÈnt of the physical and natu￿1 environment by promoting the biodivetsity of Panama. Also to advance the education of the public on the subject of conservation. proteLtion and irnprovement of the physical and natural environtnent in Panarna with prudent use of natural resources and the intnnsic ecosystem services prtsv￿ed by a natural environmenL Page 2 Pamama Wildlife Conservation Trustees. Report (continued) For The Year Ended 31 March 2025 The trustees, report was approved by the tr*)ard of trustees and signed on ts ￿haIr by: Dr Luls Urena Trustee 2010112026 20 Jan 2026 Pdge 3 Pamama Wildlife Conservation Independent Examiner's Report to the Trustees of Pamama Wildlife Conservation For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of Pamama Wildlife Conservation (the Trust) for the year ended 31 March 2025. Responsibilities and Bas15 of Report As the charity trustees of the Trust you are responsible for preparotion of the ￿CoUnts In occord6nce with the requlrements of the Charitles Act 2011 l-the Act~l. I report in respett of my Èxamination of Trusts attounts carried out under sertH)n 145 of the 2011 Art and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145lsllbl of the Act. Independent Examiner's Statement I have completed my examination. J connrm that materlal matters hove come to my atten￿0Th Sn connection with the exarnination giving me cause to believe that in any material respert= l. accountln9 records were not kept In respect of the Trust as requlred by sectloTh 130 of the Act.. or 2. the accounts do not accord ¥vith those records,. or 3. the atcounts do not tomply with the applicable requi￿rne￿ts conceming the fomi and contents of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and fair view, which is nct a matter cOns￿ered as part of an independent exarnination. I have no concem$ and have come across no other martws In connertlon with the examlnatlon to Vlhich attentlon sh¢uld be drawn in this report in order to enable o proper understanding of the accounts to be wched. Aaron Partners Chartered Managernent Accountants 2010112026 9 Marlands Road Ilford IG5 OJL 23 Jan 2026 Pdge 4 Pamama Wildlife Conservation Statement of Financial Artivities For The Year Ended 31 March 2025 2025 2024 Unrestricted Unrestricted fvnds fvnds Notes INCOME AND ENDOWMENTS FROPI: Donations and legacies 9,221 582 EXPENDITURE ON: Raising funds Charitable activitie5'. (6,6591 19061 NET INCOME/(EXPENDITURE) 2,562 13241 NET MOVEMENT IN FUNDS 2,562 13241 RECONCILIATION OF FUNDS: Total funds brought forward 222 546 TOTAL FUNDS CARRIED FORWARD 2,784 222 The notes cn pages 7 to 9 forrn part of these financwl 5tstements. Pdge 5 Pamama Wildlife Conservation Statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted fund5 Total funds Notes CURRE14T ASSETS Cash at bank and in hand 2,784 222 2,784 222 NET CURRENT ASSETS (LIABILrrIES) 2,784 222 TOTAL ASSETS LESS CURRENT LIABILITIES 2.784 222 NET ASSETS 2,784 222 FUNDS OF THE CHA Unrestritted Funds 2.784 222 TOTAL FUNDS 2,784 222 On behalf of the board vr LUIS uieiid Trustee 2010112026 20 Jan 2026 The notes on pages 7 to 9 form part of these financi)l ststements. Pdge 6 Pamama Wildlife Conservation Notes to the Financial Statements For The Year Ended 31 March 2025 General Information Pamama Wildlife Conservation is on Unincorporated chonty registered with the Charity Cornmission, registered charity number 1165769. The principal addre￿ is 162 Westbourne Grove. London. Wll 2RW. A¢¢ounting Ptsli¢les Basis of Preparation ol Flnancial Statements The financial statements have been prepared in accordance wth the Charibes SORP IFRS 1021 "Accounbng and Reporting by Chèrities.. Statement of Recommended Prartice applicable to thèrities preparin9 their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland IFRS 1021 (effective I January 20191. Financial Reporting s￿r￿ard 102 Financiol Reporbng Stsndard applicable in the UK and Republic of IrÈland" and the Charities Art 2011. The charity Is a Public Benefit Enbty as defined by FRS 102. 2.2. In¢omlng Resour¢e* 2.3. Resour¢** Expended 2.4. Ci¥h and Cash Equl¥alents Cash and cash equivalents are basic financial assets and include cash in hand ond deposits held ot call with banks, other 5hort-term highly liouid Inve5trnents that rnature in fio more than three months from the date of acquisition antl are readily convertible to a known amount of cash with insignif￿ant risk of char¥Je In valtse. and bank overdrafts. Income from Donatlons and Legacles 2025 2024 Unrestrlrted Unreitrlcted fund• fund• Donatlons and gifts 9,221 582 Analysli of Expendltur• 2025 Actlvlti undertaken Ire¢tl¥ Support costs (see riote 5 1 Total Ralslng funds 5,041 1,618 6,659 2024 Artl¥ltie• undertaken dlrectlv Support costs (see note S 1 Total Ralslng funds 448 458 906 Pdge 7 Pamama Wildlife Conservation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Support Costs 2025 Raising funds General admlnistRtion 1,618 2024 Ralslng tunds General admlnistration 458 Independent Exomlner's Remuneratlon 2025 2024 Independent examlnation of the fina￿al statements Other assurance setvices Tax advisory services Other flrtancl81 services 475 475 Average Numb*r of Employe*s Average number of employees durlng the year wa5.. NIL12024.' 1 Curr•nt A¥••t Inv•¥tm•nts In additlon to cash funds, the chortty also has £BO,OCKI of Investment a55ets. The current value of th15 Investrnent Is E44753.0012024 É50,350.001 The rnarket value tsf Ilsted Investments was £ 44,753 12024 - £ 50.350 ) Mov•m•nt In Funds A6 at l Aprll 2024 Asat31 xpendlture March 2025 Incorne Unrestrlcted funds General.. General unrestricted fund 222 9.221 16,6591 2,784 Total funds 222 9.221 16.659) 2.784 Pdge 8 Pamama Wildlife Conservation Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 As at l Aprll 2023 Asat31 Expenditure March 2024 Income Unrestrlcted funds General.. General unrestricted fund 546 582 1906) 222 Total funds 546 582 19061 222 10. Tr•nM¢tlon* wlth Tru•te*¥ Durlng the year the expenses relmbursed to the trustees or palo ￿￿￿tlY to Pa￿e$ as follows.. 2025 2024 11. R¢l•ted P•rty Dls¢losut Pdge 9 Pamama Wildlife Conservation Detailed Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donatlons and legacles Donations and gift5 9,221 582 9,221 582 9,221 582 EXPENDITURE ON: Ralslng funds Harlrquin Toad Project American Conservancy Humming BSrds Project Bank charyes Computer 50ftware, consurnobles and maintena Advertlsing and mèrketing Costs Independent examlnees fees Sundry expenses 13.6081 19591 14741 14801 16631 14751 14301 1181 14591 16.6591 19061 19061 16,6591 NET INCOMEI{EXPENDITUREI 2,562 13241 Page 10 nable Issuer Aaron Partners Document generated Tue, 20th Jan 2026 12.'28'.11 GMT Dacumant flngarprlnt 926c595312a59e74bb2c64fTb99e9396 Parties involved with this document D¢¢umont pro¢•$$•d Party + Flng•ry*rlnt Tue, 20th Jan 2026 12".45.09 GMT Dr Luis Urena Signer17433c39209baffafae6dc3a17025cdddl Fri, 23rd Jan 2026 4'.35.'33 GMT Hub Administrator- Signer Ifa4a7e60e6dc29ece807eb71d92cb0771 Mr Barry Stuart Rogers - Copied In12962a3f3887ce7188da27e82104effb11 Fri. 23rd Jan 2026 4.35.33 GMT Audlt hlstory log Actlon Tue, 20th Jan 2026 12..28..11 GMT Envelope generated wth fingerprint 11fabb090229b1ad4c4c86eOcObd826e 118.133.63.166) Tue, 20th Jan 2026 12'.28'.11 GMT Document generated wth fingerprint 926c595312a59e74bb2c64f7b99e9396. {18.133.63.166) Tue, 20th Jan 2026 12'.28'.11 GMT Dr Luis Urena has been assigned lo this envelope.118.133.63.1661 Hub AdminislTalor has been assigned lo this envelope.118.133.63.1661 Tue, 20th Jan 2026 12..28.'11 GMT Tue, 20th Jan 2026 12'.28.'11 GMT Mr Barry Stuart Rogers ha$ been a$$igned to this envelope. 116.133.63.166) Tue, 20th Jan 2026 12'.28.'19 GMT Envelope generated Sent the envelope lo Dr Luis u￿na for signing Tue, 20th Jan 2026 12".28."19 GMT Tue, 20th Jan 2026 12'.28.'19 GMT Document emailed to party email Tue, 20th Jan 2026 12".39."59 GMT Dr Luis Urena viewed the envelope186.169.225.2401 Tue, 20th Jan 2026 12'.45.'09 GMT Dr Luis Urena signed the envelope186.169.225.2401 Tue, 20th Jan 2026 12'.45.'09 GMT Sent the envelope to Hub Admini$tralor for signing186.169.225.2401 Document emailed to party email Tue, 20th Jan 2026 12".45."09 GMT Fri, 23rd Jan 2026 4'.34.'11 GMT Sent Hub Administrator a reminder lo sign the document.135.176.231.1771 Hub Administrator wewed the envelope1175.157.163.41 Fri, 23rd Jan 2026 4".34."38 GMT Fri, 23rd Jan 2026 4'.35'.33 GMT Hub Administrator signed the envelope {175.157.163.41 Fri. 23rd Jan 2026 4".35."33 GMT Sent the envelope to Mr Barry Stuart Rogers for signing1175.157.163.41 Fri, 23rd Jan 2026 4'.35.'33 GMT This envelope has been signed by all parties1175.157.163.41 Fri, 23rd Jan 2026 4'.35.'33 GMT Signed document confimiation emailed to party email1175.157.163.41 Fri, 23rd Jan 2026 4'.35.'33 GMT Signed document Confi￿all0￿ emailed to party email1175.157.163.41 Fri, 23rd Jan 2026 4'.35'.33 GMT Signed document confirniation emailed to party email1175.157.163.41 Fri, 23rd Jan 2026 4".35."33 GMT Signeil document confim)ab"on emails have been sent lo all parties. Document URL.. https".Ilapi.Signable.applsha￿ablelen¥elope?t=8l80a6b9-7679488C￿c1 699271cbl le31175.157.163.4 Fri, 23rd Jan 2026 4'.35.'34 GMT Document emailed to paty email