**COMPANY NUMBER: CE012928 CHARITY NUMBER: 1176674**
**PAINTED WOLF FOUNDATION REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **PAINTED WOLF FOUNDATION**
## **INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
|Page||
|---|---|
|1|Legal and Administrative Information|
|2 - 5|Report of the Trustees|
|6|Independent Examiner’s Report|
|7|Statement of Financial Activities|
|8|Balance Sheet|
|9|Cash Flow Statement|
|10 – 16|Notes to the Financial Statements|
**PAINTED WOLF FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Michael Cuthbert Peter Blinston Ravida Clay Irene Amoke Harriet Davies-Mostert Claudio Sillero Wendy Furness (appointed 5th February 2025) Angelika Mendes-Lowney (appointed 5th February 2025)
## **Chief Executive Officer**
Nicholas Dyer **Company number: CE012928 Charity number: 1176674 Registered Office** 2 St Andrews Place Lewes East Sussex BN7 1UP
## **Independent Examiner**
VMR Anderson BA (Hons) FCA DChA Carpenter Box 2 St Andrews Place Lewes East Sussex BN7 1UP
## **Bankers**
Barclays Bank 28 Hampstead High Street Hampstead London NW3 1QB
Page: 1
## **PAINTED WOLF FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
The Trustees have pleasure in presenting their annual report and financial statements for the year ended 31st December 2024.
## **Structure, Governance and Management Governing Document**
Painted Wolf Foundation is a charitable incorporated organisation (Company registration number CE012928) and is registered as a charity (Charity registration number 1176674). It is governed by its constitution dated 1 January 2022. The financial statements comply with current statutory requirements, the constitution and “Accounting and Reporting by Charities: Statement of Recommended Practice” applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019).
## **Organisation**
Painted Wolf Foundation is governed by a Trustee Board which is responsible for setting policies and ensuring legality and good practice in accordance with the constitution of the Trust and Charities Act 2011.
## **Objectives**
The objects of the Trust are the advancement of the conservation of the species of wildlife which are in danger of extinction in the wild state particularly as this relates to the preservation of the Painted Wolf (Lyacon Pictus).
## **Summary of the main activities in relation to these objectives**
The previous year in 2023 was very much a year of building PWF into a credible organisation which involved turning a powerful strategy into an operation donors would be attracted to. To this end we appointed a strong Board of Trustees, strengthened governance, amplified our communications and awareness channels and developed a detailed business plan which laid out a clear direction of travel. Equally important we made our first grants to organisations across Africa, kickstarting four painted wolf conservation projects and an initiative to revolutionise tracking collars.
This strategy was a success, and a more credible looking institution together with the demonstration of granting activity attracted significant unrestricted donations in 2024. This gave us the financial wherewithal to deepen the foundations of PWF and create a scalable structure to reach our ambition of doubling the number of Painted Wolves in three decades.
A significant development in 2024 has been our partnership with the Wildlife Conservation Network (WCN) leading to the launch of the Painted Dog Fund (PDF) in October. We have been working hard with WCN since 2021 to bring the PDF into fruition.
PDF is a granting mechanism for raising and deploying funding to protect painted wolves across Africa. It offers donors a way to collectively pool their funding which is then professionally allocated to the best projects and initiatives that protect painted wolves, following careful analysis, processes and subsequent monitoring. PWF is responsible for managing this Fund and leading on strategy, communications and donor management.
In anticipation of the launch of the Fund, PWF has been building its capacity to implement our granting strategy. We hired two talented and experienced painted wolf conservationists Ruth Kabwe and Will Donald. Their first task has been to thoroughly analyse Africa’s unprotected painted dog landscapes. This analysis will inform our granting to improve the return on investment.
Page: 2
## **PAINTED WOLF FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
Ruth will take on responsibility as a Fund and Project Manager and maintaining strong relationships with grantees. Will is responsible for building painted wolf conservation capacity across Africa and training ecologists in best practice techniques among our grantees. Both are responsible for visiting grantees to evaluate results and provide them with on the ground support.
As Diane Skinner’s report “Securing the Future of the Painted Wolf” identified, a significant headwind to increasing painted wolf conservation is the lack of experienced people in the field. Working with partners, PWF is developing ways to increase local capacity across Africa and are developing ideas to create a dedicated facility to train budding African painted wolf conservationists.
In addition to Will and Ruth, PWF welcomes a new Communications Manager, Alison Serfontein, who is responsible for ensuring clear and interesting communications to our many donors and supporters as well as developing our efforts to raise awareness of the plight of this much ignored species.
In 2023 our funding enabled the kickstarting of painted wolf projects in Senegal, the Kgalagadi area of Botswana, and Lower Zambezi in Zambia, and two areas of Kenya: the Mara and Lower Rift. In 2024 we added two more critical areas – North Luangwa in Zambia and Tsavo East in Kenya.
In each of these areas, there was no dedicated painted wolf conservation being carried out and little known about the local populations. They were certainly not anyone’s priority. We have provided significant funding and given guidance to trusted partners to start dedicated programmes with the aim of increasing the protection of their local populations of painted wolves and helping them to implement proven conservation interventions in their areas.
An initiative being funded by the Painted Dog Fund and managed by PWF is the development of solarpowered tracking collars. These are being developed by Spoortrack in South Africa and should prove to be a game changer if successful.
Through our grantee partners, we have been able to deploy these collars in the field for testing in Zambia, Zimbabwe, South Africa and Botswana. The results were mixed but overall positive and the feedback enabled the design of Version 2 which will be rolled out to even more location in 2025.
The momentum of the Painted Dog Fund and the Painted Wolf Foundation continues to develop rapidly. We are confident that if this trajectory continues, the conservation landscape for the painted wolves will have transformed in the next five years, as will the outlook of this vulnerable species.
## **Plans for future periods**
In 2025 we plan a significant expansion in our work, combining significant funding from the Painted Dog Fund supported by the solid investment infrastructure and processes provided by the Painted Wolf Foundation.
The initial part of the year will be spent embedding the team. This will include analysing all the rangestates that currently support painted wolves to determine the critical investment opportunities that provide the best return.
We will also develop our granting methodology to ensure robust and scalable investment processes. We already have in place a strong governance structure through our Granting Committee in our partnership with WCN.
Page: 3
## **PAINTED WOLF FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
We will build an Advisory Panel drawn from the top painted wolf conservationists across Africa. Potential participation from leading painted wolf conservationists has been met with enthusiasm. The Panel will help us to develop best practice conservation interventions which we will evolve into a set of guidelines which the Painted Dog Fund will have confidence in supporting.
A lack of painted wolf specific conservation capacity is a serious headwind to saving the species and we are actively in discussions to build a facility that will provide the necessary training to conserve the painted wolf and prevent wasteful learning curves when the knowledge is already there. The facility will be open to all painted wolf conservationists across Africa.
The initial success of the Painted Dog Fund means that we will have the capacity to make some significant grants. Having analysed their activities and made site visits, we will want to support our partners we have already invested in. In addition, we plan to extend our reach to more areas and are actively in discussions with various organisations either to support existing painted wolf conservation efforts or kickstart new ones in critical areas.
## **Public Benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives.
## **Financial review**
Total incoming resources for the year amounted to £570,591 (2023: £183,297). Total resources expended amounted to £276,708 (2023: £154,060). Net surplus for the year amounted to £293,883 (2023: £29,237).
## **Risk management**
The Trustees acknowledge their responsibility to manage risk and have a risk strategy in place which comprises:-
- The maintenance of a risk register;
- An annual review of the risks the charity may face;
- The establishment of systems and procedures to mitigate against those risks identified in each review; and
- The implementation of procedures designed to prevent and potential impact on the charity should those risks materialise.
## **Trustees’ responsibilities**
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable laws and regulations.
Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity 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 charity and the incoming resources and application of resources, including the net income or expenditure of the charity for the period. In preparing those financial statements, the Trustees are required to:-
- select suitable accounting policies and then apply them consistently;
- state whether applicable accounting standards have been followed, subject to any material departures and explained in the financial statements;
Page: 4
## **PAINTED WOLF FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees must, in determining how amounts are presented within items in the income and expenditure account and balance sheet have regard to the substance of the reported transaction or arrangement in accordance with generally accepted accountancy principles or practice.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
By order of the Board:
Michael Cuthbert - Trustee
Date: 18 August 2025
Page: 5
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF**
## **PAINTED WOLF FOUNDATION**
I report on the financial statements of the charity for the year ended 31st December 2024, which are set out on pages 7 to 16.
## **Responsibilities and basis of report**
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s report**
Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Victoria Anderson BA (Hons) FCA DChA Chartered Accountant Carpenter Box 2 St Andrews Place Lewes, East Sussex, BN7 1UP
Date: 26 August 2025
Page: 6
## **PAINTED WOLF FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2024**
|**Note**
**Unrestricted**
**Funds**
**2024**
**Restricted**
**Funds**
**(PDF)**
**2024**
**£**
**£**
**INCOME FROM**
Donations and legacies
**231,951**
**337,627**
Charitable activities
3
**-**
**-**
Other trading activities
**-**
**-**
Investment income
**1,013**
**-**
**TOTAL**
**232,964**
**337,627**
**EXPENDITURE ON**
Charitable activities
4
**149,462**
**127,246**
Other trading activities
**-**
**-**
**TOTAL**
**149,462**
**127,246**
Net movement in funds
**83,502**
**210,381**
**Fund balances at 1st January 2024**
**58,072**
**163,313**
**Fund balances at 31st December 2024**
**141,574**
**373,694**|**2024**
**Total**
**£**
**569,578**
**-**
**-**
**1,013**
**570,591**
**276,708**
**-**
**276,708**
**293,883**
**221,385**
**515,268**|2023
Total
£
169,959
5,061
7,979
298|
|---|---|---|
|||183,297|
|||
151,450
2,610
154,060|
|||
29,237
192,148|
|||
221,385|
All of the above amounts relate to continuing activities.
The detailed 2023 comparative statement of financial activities is reported in note 2.
The notes form part of these financial statements
Page: 7
## **PAINTED WOLF FOUNDATION**
## **BALANCE SHEET AS AT 31ST DECEMBER 2024 COMPANY NUMBER CE012928**
|Note
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS:**Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS**
Restricted Funds – Painted Dog Fund
12
Unrestricted Funds
11|**2024**
**£**
**-**
**518,862**
**518,862**
**(3,594) **
**515,268**
**515,268**
**373,694**
**141,574**
**515,268**|2023
£
87,846
179,016
266,862
(45,477)
221,385
221,385
163,313
58,072
221,385|
|---|---|---|
Approved on behalf of the Board of Trustees on 18 August 2025
Michael Cuthbert - Trustee
The notes form part of these financial statements
Page: 8
## **PAINTED WOLF FOUNDATION**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024**
|Note
**Net cash from operating activities**
13
Cash and cash equivalents
at the beginning of year
**Cash and cash equivalents**
**at end of year**|**2024**
**£**
**339,846**
**179,016**
**518,862**|2023
£
(27,605)
206,621
179,016|
|---|---|---|
The notes form part of these financial statements
Page: 9
**PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
- **a. Basis of Accounting**
These financial statements have been prepared under the historical cost convention, and in accordance with applicable accounting standards. In addition, they have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. The charity constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The accounts are prepared in sterling which is the functional currency of the Charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
## **b. Funds Held**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **c. Income recognition**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
Page: 10
**PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **d. Expenditure recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is categorised under the following headings:
- Expenditure on charitable activities includes all costs incurred on furthering the objects of the Charity; and
- Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Charitable activities and governance costs are costs incurred on the Charity’s operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.
## **e.**
## **Support cost allocation**
Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the Charity and include project management carried out at headquarters.
## **f. Debtors and creditors**
Debtors are recognised when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Creditors are recognised when the Charity has a present legal or constructive obligation resulting from a past event and the settlement is expected to result in an outflow of economic benefits.
## **g.**
## **Going concern**
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.
## **h. Taxation**
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. It therefore does not suffer tax on income or gains applied for charitable purposes.
Page: 11
## **PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **i. Financial instruments**
- The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows: Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank – is classified as a basic financial instrument and is measured at face value. Liabilities – trade creditors, accruals and other creditors will be classified as financial instruments and are measured at amortised cost. Taxation and social security are not included in the financial instruments’ disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.
## **2. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES**
|**Unrestricted**
**Funds**
**2023**
**Restricted**
**Funds**
**(PDF)**
**2023**
**£**
**£**
**INCOME FROM**
Donations and legacies
**121,801**
**48,158**
Charitable activities
**5,061**
**-**
Other trading activities
**7,979**
**-**
Investment income
**298**
**-**
**TOTAL**
**135,139**
**48,158**
**EXPENDITURE ON**
Charitable activities
**105,486**
**45,964**
Other trading activities
**2,610**
**-**
TOTAL
**108,096**
**45,964**
Net movement in funds
**27,043**
**2,194**
Fund balances at 1st January 2023
**31,029**
**161,119**
**Fund balances at 31st December 2023**
**58,072**
**163,313**|**2023**
**Total**
**£**
**169,959**
**5,061**
**7,979**
**298**
**183,297**
**151,450**
**2,610**
**154,060**
**29,237**
**192,148**
**221,385**|
|---|---|
Page: 12
## **PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **3. INCOME - CHARITABLE ACTIVITIES**
|**Unrestricted**
**Funds**
**2024**
**£**
Awareness activities
**-**
Book sales
**-**
**-**
**4.**
**EXPENDITURE – CHARITABLE ACTIVITIES**
**Unrestricted**
**Funds**
**2024**
**£**
**CHARITABLE ACTIVITIES**
**Project costs**
Grants payable (See note 5)
**-**
Travel
**4,349**
General expenses
**1,305**
**5,654**
**Awareness and initiatives costs**
Awareness activities
**5,706**
Initiatives
**9,293**
Consultancy fees
**73,731**
Marketing
**3,106**
**91,836**
**Support costs**
Wages
**23,495**
Software and subscriptions
**2,072**
Bank charges
**685**
General overheads
**16,163**
Office equipment
**1,654**
Travel
**1,274**
Printing, postage and stationery
**181**
Legal fees
**613**
Exchange (gains)/losses
**807**
**46,944**
**Governance costs**
Secretarial fees
**-**
Accountancy fees
**3,858**
Independent examination fee
**1,170**
**5,028**
**Total**
**149,462**|**Restricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**Restricted**
**Funds**
**(PDF)**
**2024**
**£**
**130,429**
**-**
**-**
**130,429**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(3,183)**
**(3,183)**
**-**
**-**
**-**
**-**
**127,246**|**Total**
**2024**
**£**
**-**
**-**
**-**
**Total**
**2024**
**£**
**130,429**
**4,349**
**1,305**
**136,083**
**5,706**
**9,293**
**73,731**
**3,106**
**91,836**
**23,495**
**2,072**
**685**
**16,163**
**1,654**
**1,274**
**181**
**613**
**(2,376)**
**43,761**
**-**
**3,858**
**1,170**
**5,028**
**276,708**|2023
£
5,061
-
5,061
2023
£
38,825
1,359
-
40,184
17,536
-
60,033
1,932
79,501
-
1,853
187
9,705
2,783
1,744
690
183
8,632
25,777
1,800
3,063
1,125
5,988
151,450|
|---|---|---|---|
Page: 13
**PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **5. GRANTS PAYABLE**
|**Unrestricted**
**Funds**
**2024**
**Restricted**
**Funds**
**(PDF)**
**2024**
**£**
**£**
Painted Dog Conservation
**-**
**-**
Conservation Lower Zambezi
**-**
**-**
Kalahari Research and Conservation
**-**
**35,503**
Tsavo Trust
**-**
**55,691**
Zambian Carnivore Project
**-**
**39,235**
**-**
**130,429**|**Total**
**2024**
**£**
**-**
**-**
**35,503**
**55,691**
**39,235**
**130,429**|2023
£
1,608
37,217
-
-
-
38,825|
|---|---|---|
## **6. STAFF COSTS AND TRUSTEES REMUNERATION**
No remuneration was paid to any of the Trustees during the year. During the year no expenses were reimbursed to any Trustee.
|**2024**
**£**
Wages and salaries
**21,015**
Social security costs
**1,854**
Pension costs
**264**
**23,133**|2023
£
-
-
-
-|
|---|---|
The average number of employees during the year was 1 (2023: Nil). The number of staff to whom retirement benefits are accruing under a defined contribution scheme was 1 (2023: Nil). No employees received remuneration in excess of £60,000 p.a.
## **7. NET INCOME**
## **8.**
## **9.**
|Net income is stated after charging:
Independent examiners remuneration
**DEBTORS**
Debtors
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals|**2024**
**£**
**1,170**
**2024**
**£**
**-**
**2024**
**£**
**3,594**|2023
£
1,125
2023
£
87,846
2023
£
45,477|
|---|---|---|
Page: 14
## **PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
||||**Unrestricted**|**Restricted**|**Total**||Total|
|---|---|---|---|---|---|---|---|
||||**Funds**|**Funds**|**Funds**||Funds|
|||||**(PDF)**|**2024**||2023|
||||**£**|**£**|**£**||£|
||Current assets||**145,168**|**373,694**|**518,862**|
266,862||
||Creditors: amounts falling due within one year||**(3,594)**|**-**|**(3,594)**|
(45,477)||
||||**141,574**|**373,694**|**515,268**|
221,385||
||**ANALYSIS OF NET ASSETS BETWEEN FUNDS (PRIOR YEAR)**|||||||
||||**Unrestricted**|**Restricted**|**Total**||Total|
||||**Funds**|**Funds**|**Funds**||Funds|
|||||**(PDF)**|**2023**||2022|
||||**£**|**£**|**£**||£|
||Current assets||**66,332**|**200,530**|**266,862**|255,412||
||Creditors: amounts falling due within one year||**(8,260)**|**(37,217)**|**(45,477)**|(63,264)||
||||**58,072**|**163,313**|**221,385**|192,148||
|**11.**|**UNRESTRICTED FUNDS**|||||||
|||**At 1st**|||**At**|**31st**||
|||**January**|**Income**|**Expenditure**
**December**||||
|||**2024**|||**2024**|||
|||**£**|**£**|**£**||**£**||
||General|**58,072**|**232,964**|**(149,462)**|**141,574**|||
||**UNRESTRICTED FUNDS (PRIOR YEAR)**|||||||
|||**At 1st**|||**At**|**31st**||
|||**January**|**Income**|**Expenditure**
**December**||||
|||**2023**|||**2023**|||
|||**£**|**£**|**£**||**£**||
||General|**31,029**|**135,139**|**(108,096)**|**58,072**|||
|**12.**|**RESTRICTED FUNDS**|||||||
|||**At 1st**|||**At**|**31st**||
|||**January**|**Income**|**Expenditure**
**December**||||
|||**2024**|||**2024**|||
|||**£**|**£**|**£**||**£**||
||Painted Dog Fund|**163,313**|**337,627**|**(127,246)**|**373,694**|||
Page: 15
## **PAINTED WOLF FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
|**RESTRICTED FUNDS**|**(PRIOR YEAR)**||||
|---|---|---|---|---|
||**At 1st**|||**At 31st**|
||**January**|**Income**|**Expenditure**|**December**|
||**2023**|||**2023**|
||**£**|**£**|**£**|**£**|
|Painted Dog Fund|**161,119**|**48,158**|**(45,964)**|**163,313**|
The Painted Wolf Foundation offers a 100% funding model to potential large donors where they are secure in the knowledge that the funds that are donated will go to projects and initiatives focused on the painted wolf. These funds are kept in a segregated bank account and are used for these purposes only.
## **13. NOTES TO THE CASH FLOW STATEMENT Reconciliation of net surplus to net cash inflow from operating activities**
||||**2024**|2023|
|---|---|---|---|---|
||||**£**
|£|
|Net surplus|||**293,883**|29,237|
|Decrease/(increase) in debtors|||**87,846**
|(39,055)|
|(Decrease) in creditors|||**(41,883)**|(17,787)|
|Net inflow/(outflow) from operating activities|||**339,846**
|(27,605)|
|**Analysis of changes in net debt**|||||
||**At 1st**|||**At 31st**|
||**January**||**Cash flow**|**December**|
||**2024**|||**2024**|
|||**£**|**£**|**£**|
|**Net cash**|||||
|Cash at bank and in hand|**179,016**||**339,846**|**518,862**|
Page: 16