Ch*ritv registrfition number 1182805 Company registration number 11594608 (England and M'ales) THE ELEPHANT PROTECTION INITIATIVE FOUNDATION ANNUAL REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN LEGALAND ADMINISTRATIVE INFORMATION TrustttS I CtaiE S Alullulingam A RINNJes Charitv number 1182805 c.ompany number 11594608 Registertd oifite B&nk Hou sou1h￿.Jck %quare south￿.1¢k Bri¥hio BN42 4FN Auditor Richard Place I)otwn ￿rviceS Limitrd Ground l-.loor 1- 7 Road Cra￿'lLY BAnkers Elum￿l￿ & C l>lc 9 C'harliiiiL' .'dinbiirgph C112 3DR THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN coiYrENTS Page TrustLh Siaietneni of Injsiees. resJx)nsibiliiies 1ndL￿ndent audiiorfs re￿rt sta￿.￿l￿1 vf financial actiyilics FJ4lani¢ sh¢¢1 15 laW'm¢n¢ of¢•sh nows 16 Notes tsj ihe financial sLIte￿￿ni 17-25 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 21123 The Trusiees. ii'ho are also Direc￿rS of ik eharity. for Iht pUT￿Se$ of the Companies Aci 2006. present their rerrf)rt with the tinancial stsiements ofih¢ chariTh for iht )'ear ended 31 [kceM￿r 2023. Th¢ finan£idl %ial¢rn¢nl4 WTnplN M iih th¢ Ctwiti¢% .40 2011. th¢ CompJni¢% Aa IOOh. the M¢rnorondurn Articl¢s lif A￿￿)ll￿tIll￿. Aiiuunling R¢wniThg b) LIwiii¢5." Stal¢m¢nt ul-R¢¢xi]Tun¢nd¢d I'railice appli¢abl¢ t() Ch¢￿ill¢% ptYparin¥ IhLir aLLoiinis in aLLOTdanLi with the Finathcial Re￿)rtIng Standard a]wli ('.hiWiliiS.' %IuiL'm¢ni ol. KLLOtntn¢nd¢d l>rdciiL¢ aN)IiL7hle io chariiiL% prLparing thL)T dLLouiIL% in aLLroiLLliC)n Iniiiuiii'i is an AITIL4Ln-Icd iniiiwivL ai ihc Imndon IIILgul Wildlili 'l'radL I1￿. I'l C'(InlirLllLL in 2D14 by IhL ILa(k'rs or ri*L AfriLan Lpunirics.. Hoiswana. (yalKJn. Lhad. 'fan/ani& aiid l."Ihi()pia. li lia4 %inLL giri)wn li) u uni4uL ul111￿￿¥ lif 25 AfTiLun mi1n￿'r S1th"s didiLal¥d 10 LMinsir%'ing IIK'ir ¥liphdni>. 'I'h¢ l.'l)11.' 14 mandJi¢d as ih¢ Sl.¢￿￿1#r181 ￿ sUp￿rt th¢ impl¢m¢niaiion of th¢ l.-Pl. lThits in¢lu(k& ¢ommiiiin8 Ic> iinpl¥ln¥niin¥ IhL AlriLiin l.'IL'phdni ALti£>n l)lan IAI.'API. th blueprini 10 %8iL' s￿LI￿5 4LgfL*.d b% all LILphani rdn¥L %laiL'% in 211111 (Jnd updJtL'd in 211231. pulling I￿()[￿ Nl()LkpilL% ￿.1.￿nd LcorN)mic u%.. Llo%ing domL%IIL ivory InJrk'LL4'. and rnaiiit¥iiiiiig) IliL lgxg iniLrn4iiiiin411 bun i)n IhL ii£in' ITadL. Addiiionulli. I￿. l.'l)I I'c)und4Llii)n Visii)n 20311 f£KusLS on Ilk. milig?aiji)n and pr￿￿￿nI11)n i)f liumun*lipli4illi i£>nlliil 1111.'Cl. in niu¥niiiun ol'ltK' ilianging 10 Alrii4L s iK'plianis. Summmry of mmin *tlivitie5 IILii)bbnibiTibb 111411 11 Ib LSSLniidl 10 accnK eX￿nIS¢ auoss a browj io achievl EPI s objcaives. thL I.'I)11.' brings Inciiik'r slJiis. nvn-niinibir 51al¥k Nti()k l(i()%. ￿ld ihc privalc scclor logc1￿r in lh¢ pursuii Of￿1￿ aims of Iliu l-.Pl and Iliu l()Ilb.ILriii pri)l¥¢liiin of ¢l¥phants. -fhis iDcluth's lh¢ provision ol. l¢chniral and financial SUPFKtrTL in accordanc¢ Miih Ihi gi)￿¥r￿an￿￿ pr￿¢5&¢5 01.ihl l.-lJl. LYRILyiiI & c(7llutknrnri 'rhL I.'PIF mainiaitis a Loniitiuous dialoguc and a ii'ork'ing relaiionship with ihc gO￿¢MMents of F.Pl mcmLKT %laiL%. frnm IILads ilr Slaii. Ihrougli 10 MiiiislLrs wid liclinical pr￿llIOnL[S. This %4ork is faciliiaild iliTough an appoinicd Naiianal Fiilal l)(iini INFPI in lach EPI mirnbL'r siaii. EngagLmLni irhYol¥cs counir%-St￿l1iC objec11￿¢& aims 10 Icvcrage. and 51rengihLn. sUp￿rn lor th¥ l.'Pl. follow up on progrc5s lo m¢¢1 I". Pl cotntlliEm¢llE% and d¢lielop a Mork" plan for fulurc activi¢ie5. "I'hc l-.Pll.- also ¢rtgug¢s with nort-F.Pl m¢mb¢r #a*s hav¢ ¢Xp￿￿d itit¢r¢51 io join th¢ F.Pl. ThL EPIF iK'IiLVLS IhLfL is a iriiiial niLd for an orKn. frdnk. and IM)nLSi C4)n&Lrsaiion amongs1 AfriLan LILphani rangL siaiiS un sharcd challLngLs. along wilh an enhanLed e¥chat)gc of eX￿rienCe. and muiual iLYhniLal and wliiical supp)n. To this cnd. IhL EPIF convLnL.q coiintrics and kev slakeholdeT5. sharing k"noiiledge. eX￿￿ence. and iechniques in addre55ing coinmon chall¢ng¢5 and laciliialing th¢ adoption ol'agr¢¢d wblici ws1110115. The F.PlTr benefit% from the JdviLe and ¥itxrience of its L¥a(kr5hip Council - a gTUUP of eminent AfriLan p()lilician% and LLTrrtser¥dtiunis1s whiLh irtLlud¥s the Fvmi¢T P￿sident of tl* Fumjcr Prime Mithis*r of Eihiupid. lh¥ (urm¥r Fitsi Ladv of KLnNa. the Firsi Ladi, ol Sicrra Lcone. and Gaknn s MinisiLr of Ilaier. Forests. the Se& and EnviTonrnenL and the Former Minibier ofiht Environmtni olNigeria. IvlKTr ii"a5 ap[￿L￿ted as Chair in 2024. P38¢ 1 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coiYfiNUED) FOR THE YEAR ENDED 31 DECEMBER 21123 The EPlin inlernulivnal ijra. The EPI. with lis coniintni-wide membeTship. Leadership Council. and supwnii'e foundaiion lacting as ils Secrerariall. is uniqu¢lJ placed tn tht plaifomi Ihrough M"hich Alrica can articula* iL% nee(L% and meet IL% goals i4.ith respeci ia elepliani i)ll*¢rvation. l(1 h¢lp aLhi¢v¢ Ihix lh¢ F.I*IF aii¢niL4 and ¢n%ure% the r¢pr¢f¢ntation of El>1 tnetnb¢r %tat¢s ai k¢). int¢rnaiional i)ns¢rvdtii)n Icir(L d¢¢ffl¢d n¢LYwT% kn th¢ a￿V￿r￿m￿nE EPI. The EPIF is a proactive voi (iihir iiildlifl produLL% accruL fN)In fi)und in thc iiild ()r %Lii.Ld fri)rn irdJfickir%. anJ iTiiUiJ¥LtnLnt ol. Ih¢s1 ohj¢its ar¢ oft¢n %¥(*fulli' in*l¢qyai¢- ¢nJbling ih¢ft. or lh¢ t*gl¢¢i ol-¢i'id¢ni¢ ihiil is ess¢niial li) %LLuritlbl ￿.11￿111¢ Lriine prt)*'Luli0rt5. '1'h¢ l¥akagL of ii-i>r¥ ba¢k into IhL ill¢8al mark¢i. and IhL w¢ak L'nfciri¢in¥ni ill. ￿'11d111￿, priTrlL'Llic)n ￿rpL￿tilatk IhL ivvry Inmk. aE)d lh¢ LY>niinuLxI slau8hi¢r of Ll¢phtsni%. 'l(T ihis dnd ME*￿1 IhL' I,'IJI Ll>llllllltiiiLni i)I' placing iiory k')'ond ec(Trnomic the l.'PIF proi'idc4 %uppTrrt in 4iock'pilL nianagLineni lor ivory aiid i)IliLr ildlili pn)duLis. including.. Impliininiulii)n uf u k'%rAik¥ Sl¢Kkpil¥ KlJnag¥iTKlll I%M81- a digiial I￿)) fi)r *cur¥ sti)ril¥Ti i)r inv¢nli)Tr dalm Éir b?(INirnminl-hilJ iviir) s1(￿KS I'￿. l.'Pll.' LxinduLl% Irdinin¥ on T￿. Jpp ar)d l¥xhnolvg>. Llis*minatL% r¢%i)urLI5. und iiDb?iiin¥ Iri)IihlL'%hiM)iinbl l() L'nahlL' L()ntIn￿,￿ 1ndl￿nI￿.￿l ￿￿.. 'IIK' hL'lp% sifL'ngiliLn law Lnl(IrLL'IIIL'III L'llÉ?rts aiid IdLilildlL' I'.nJdnbbLfLJ %pLLiLS ICI'I'I.'%I. "IThL pr£114Kols. I￿1%. trdining. and *chnical sUp￿rt havL IK*Ii UiLTLdiK.d bN' LI'I'I.. and havL U%Ld ￿1(k.1% acTOSS I.'Pl mcfflk'r sthtrs. ALh1¢￿ing (i(Ild Siandards in ihc manag¢in¢ni of lion, and oihcr M-ildlifc produrly. Thi￿ includ¢4 a toolkil iiutliiiin¥ qLiir¢mrni.4 liir ph}%iial Slor¢rwm s¢rurili". sl(Ir¢rwm manag¢m¢ni. ￿0rd k¢¢ping and moi'¢in¢iii i)f ii'iTrry. d% w¢ll IL'LhniLal and linan¢ial %upsxTrrt 10 mttkc %iofL'room impri>vemLIILs athd proi'i(k' Lapa¢iiN huilding. Addiii()ndll)'. IliL' implLmLnidiion of siri>n¥Lr %iatMlard OrKrdting l)ruLidurL's 1%1)1)51 Iv Lndblk irtsn5PdfLllL tsLLufi. dnd LtTLLIIVL mdnJgkLmLnt. "I"he l.'Pll.' has d¢vclop¢d a sui1¢ of r¢sourc¢s and training kn015 io Sup￿}rI 51ockpil¢ inanageiTi¢nL freel) availablc and in multipl¢ languag¢5. Ilew'cln Natiiindl F.liphdni ALliÉ?n I)1￿% INF'AlJ%l ￿¢ 10-%'earelepthi thTrn*Thaiil￿ ￿Tate81e%. (kvelcI￿d M. naiional g(Ivemmeni% with ILLhniLdl and linanLial as5isiancL from Ihc l-. PTF. 10 suprK)rt ihc implemcnthiion of the AfriLan Elephani Aeiion Plan ai 111¢ naiional IL￿￿1. NEAPS arl praciiial iwls for ¢ouniri¢s 10 idcniili. and prioTiIiZL aciions 10 proicci ihlir LILphanis Iliai rLquifL implinilnthiion. Important1￿. NEAP5 proi'ide a frameiiork" Ihrough ivhich financial and iechnical sup[￿rt cali bc applied for. Inrr¢a5ing aw'a]rn¢5S Qt fQll5¢rvalion issu¢& St￿ngth¢￿Illg rrgional aryi Wional knoii'l¢dg¢ and wotKTation. and 1Tnp￿ving IoLal LummunitlL% iollaknration in Iht L￿nStr¥￿I￿n of African elephat)LS are integral to NEAP& M"hiLh are aligned i1.ith thL UniiLd Nation s IUNI SusidinablL tk'iLlopmLni Goals ISDGSI. Kfddre¥¥i ho•i-Con Looking acr05S th¢ horizon lo 2030 or 10 2030. it is Africa s rnpidl!" groiving hurnan trf)pulation and ¢conornic groM1h. ￿'1th ii¢i4' and expanding hurnan 5¢tt1¢tn¢nts. r¢lut¢d inlrJ51ruaur¢. and conversion ol-lJnd to Jgrirulture. thui loorn as the larg¢5t threat5 tu elephant%. A.% d ￿￿UlL hdve W"itne%￿d a dratnaliL g[U￿th in HEC aL[0￿ as txople and elephant￿ COTllPete fiiT land diyindling ntilur￿ reSUUTLes. Ir exis1ith¥ LY)nflicis tM)l TeM)lied. and future LonfliLts ai"uidLd. Ihe PW$￿lIs uf AfiiLa elephanis thriving aeross Ilieir rdnge in 2030 are bleak.. Therefore. Ihe EPIF is focu*d on miiigating and preTreniing human- ¢lephani conflicL in rtcogniiion ol Iht changing Ihr¢ais 10 Africa s eleplianis. This inTrolN¢s raising ihe level of public and Iitical ai%"aren¢ss ot. HIC.. adlocaling lor building elephani habi1￿ con5iderdiion5 inio decision-rnaking processes lor ￿11¢￿.. spatial and d¢veloptn¢nt planning" building a n¢Thi"ork of eiFrTLf. P3TtheT& and donors: identifi￿tion of th¢ und¢rlTring dTIV¢TS of the canflicl." and deploi"tnetLI ol-Ii)call)' HEC tnSLiWiOn and PTeienLion efforts_ P38¢ 2 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coiYfiNUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Publie benefit The triis1ttS hai'e conSide￿d the charl￿ Commission's guidarKe on public irnefii urhder Chariiies Act 2011 and this report S¢lS out the work. ptrtormed bj. Ihe chariij in furtherance of ihe r4Jblic tKnefiL Fundr¥ising The EPIF has an ad-hoL approach 10 f￿ndraiSi￿8 afhd £16.757 12022.. £16.IX)81 dirtcils Ort fundrnising durine Ihc jcar. Of this. £Nil. 12022.. £Nill i%as speni consulting a proftssional fundrdiseT. The EPIF dots noi hai'e dtdicakd fundrdising supp)n and relies Ihe Trustees and LF.O 10 liai* iviih high-lei'el th)nors and senior staff ￿ liaise ￿1th instiiuiional donors. As a result ol'this 15Yo ol-Ih¢ Cl.'U s salars. has aP[￿nioned 10 fundraisin Thlrn havL bL¢n no wtnplainl& during ihe ylar in rila¢ioD ￿ furthising. GrAthi-m*king polit .10 Liisufi Illi tippropriaie u* of F.PIF sU￿Brant funds and complis￿e with applicable n81ion81 and inieTn81ion81 laws and Ll)nsidLraiions. IhL I.. PII IlPiraiLs a grani Siliciion and monitoring pTrxLss. The l-'Pll.' will Ll'aluaiL Lach sU￿Bra￿lLi % risk Lil. ni)n-LiimplianLe with rLgulation& i￿l￿j1ng I'L￿.￿1 stsiuie& and the *rms aThJ iondiiK)ns ol. the sub-grani k.lorL sub-a￿.Urd Ag¥rLLmLnl% arL i%%ULd. This inLluJ¢s th¢ lolloming s*ps-. RL8isifdiiL)n fi>m) 10 appltr lor fut￿Ing IM"iih SthPJM)rting thXuin¢ni￿l￿nTr. Ri%k &s￿L,￿5MLnt pr{)eL￿ for ihL SL'IL*iion of Sut￿r￿*1plL'rt1s. '1￿. risk ￿Ssm¢nI addrL'SSL'S ￿'vernI lopi¢ ar¥'sLS ihai inLludL pri()r ¥Tfdni ￿7￿1￿￿8ll.' ￿,•11 dLlirnirk whLlhLr *r￿Lia1 ii)ndiiiiin% orL iiLLdLd (IfiliLrL&￿d ri%k. (rrwii (i¥iriLillLiii uiid griini lirrn4 and Londiiiunk iihirh ¢%￿bIl￿b Ihl gwii LODdiiiiiiiK Inu%1 IK. %l¥TiILd h> ty)Ili purtiL4. 4, R¥biuliir dili&iinL¥ an4J adhirKni¥ iu Ihi granl mVnilUTln&? Ihn)ugli()ul lh¥ lili ul'ilii birnnl, Iriyu¥nL> aLIIVIIIL'S C)I' thL Su￿Bran￿L as nLLL%%ar%' 10 LnwfL' Ihai ihe ￿￿￿*￿ard 1% u*'d fi)r auth()riiL'd purw%L'%. in LiiiiiplianLL' wilh rL'guldii()ns. thL IL'mi¥ 4Lnd LcindiiiiTrn% thL su￿lIard.. thai su￿￿.¥Td i)bjLxiivL'% ufL' iK'in¥ aLhiLI'Ld. J)Liails ()I' IhL rLrM)rting rLquifLrtKni% wid monits)Ting are 0ullir￿ in (irdni AgrLLmLni and ILm)% and CDndiiion%. chievements and ptrform*ntt iniL lis launLh ai l.ondon ConfLfLncc on Ill'T in Febrnary *014. Ihc l--Pl has gro￿￿ from 5 10 ty4 MLmbL'r %l&lL%. dilLrminLd li) IhL killiiig of clcphanis. Thc illajoriii. ofAfTiia s suryi&iiig cliphaiits lil'i in l.'Pl mimhcr slalcb. %"hich.4pan th¢ £nnlincnL ITOM ¢a511o Irotll 5ai"annah ￿ d¢nfic forcsLs. 'I'h¥ l."lJl ha￿ brought log¥ih¥r mor¢ than 4V of I￿ iiorld 5 Icading N(iC)s and l(iU5 Mho hav¢ publicl%" dcclarL'd th¢ir %upport lor the l-.ljl ￿ aims. ThL F.Pl F'i)undaiion has IKxn L%iabli%hL'd thL' SOIL &'LfLi8riaL M"W' cxrKrti* has gTOM"n 10 a dediLaiLd ILam i)f 9. with d prLsLnLL in IhL IJK. Wlsi AlriL& Ihc Horn ol AfriL& E&%1 Afric& SL)uihLrn AfriLL and Europ-. m&ximisin¥ capacit) Niihin a cosirganisatinn4 and th¢ iniemaiional medi& and has acied as a conduii kiii.een Africa and the resi of the ii'oTld. lo seek. )lulion% to the chall¢ng¢s lacing Alrica % ¢l¢phani w>pulaiiDrL%. -1 F_I'I Foundatiiin ha4 tnan} tim¢% conv¢n¢d tn¢tnlYr %tst¢5 Jl In*￿tio￿l ronl¢T¢ll¢¢5 and tn¢¢tin¥s. tanging fmtn hi¥h-l¢v¢l p￿51￿￿ntI￿I tn¢¢linb?% ici t¢Lhni141 workshops for %%ildlifi dLpartminis. p%ddilionall%". Ilk" EPIF hos faciliiaied the ￿p￿arance of ke!. stakeholders in Ihe iniernaiional media. rdising global aiiartness of the EPI and ils goals. This has LnablLd grtaier regional coor¢raiion. knuili-souih K￿)￿ledge eycliange. adopiion of coillilloii kN)licy siiions. raibed public and wliiical allar¢ne￿ ar￿ supwined wI￿r biodiTreTSilTr proiedioii. Ihe iniern¢siiDmil mor(iitsrJuni a1141cluflll dr)&pie.fiic iv( iarL'ei Thl F.Pl tnitnk'r sl#li5 ond partnLT& acting io&¢ih¢r bring #tx)ul ¥ shar¢d d¢sir¢d oulty)tti¢. have led wilh a Slron¥ and ￿ts¢￿1 slJrtLX' ltir IhL mJini'nanLX' ofih¥' ini¥rnaiional ban had a majuT impaci un ¢lcising Ihe ILgal ii'iirn IradL and domL%IIL ivor% mark'LI. COn￿4￿cnI7%'. this h&$ rcduccd Prices of ivory aiid iiiccniivcs lor clLphaiii r*i4iching and ivor¥ smuggling.. an Organi*￿ crimc Iliai dL"51fo!'S ilLphani wpulaiions aiid lomLnis in%iabiliii. IlugbL IridL'% have been made. and it is diiliLulI io envisage ik return ol. Ihe inlLrnaiional ivory Irade. l)Lspiie Ihi4 I4'L k'nii¥%' WL LdnD()I ￿. Li>nipliiLLDL and IlK'rn Ir()ubling.4igTLS uf an LILphani txiaLliin¥ fuT I￿1)T￿. PdrtlLularl> iii i￿d LLnlral AfriL& u¥¢¢%%l'ul a(liixaiy has b¢¢n und¢rtak¢rt for r¢g)Iviions dom¢sii¢ i¥ory mth¢i ¢losur¢ 10 gov¢rnm¢nis and ai k¢y iniLmLllic)ntil ionsk'rvaiion ¢0￿r¥￿￿￿¥s in¢I￿ling Cll-l.-S COP& ond Ini¢maiional Union for Cons¥'rvaiion of Naiur¥ IIIJC'NI Lon8rL'ssL'S. .1 hL I.'l>ll.' pr(?vidLN (kTrmLs1ic closing PTotsKol& enabling meM￿r 10 plan and implemeni Ihe LID4ure (If their LruLi. Ilic Ilnilid %lri. armi IhL' I..urv￿an Ilnion ILUI ins1igiiling a Lvn%ultraiii)n 'I'hL' I.'lJll pla>Lxl a si8nilicani rolL' 111 IIK. inin)duLliOn of I￿, IlniiLd KinsdiTriii IIIKI lfv(iry, Ati 21118. inLluding ali i>nlinL' Lnmpuigin ￿,1ping Ici 8LnL'iaiL 4TrnL l)fihL' largL•%1 fL'irM)n*¥ i() u l)I.'I.'RA L(In4uliaiiiin. %￿hiLh LJinL' IIIII) L'IIL'LI 111 2022. l)evvlc) C-Niiliiin ol. Stsndar(15 & (iuidilirKs for lh¢ dci'clopm¢ni of wmpr¢hinsii"¢. budgikd and liln¢•5col¥d NIAP5. Irixly availablL Irt multipl¥ languag¥s. % l..111 mLmlk'r %lalLS hllvL finaliiLd Nl.'Albs li iih Impl¥m¥nlalion Iblan5 and hudgL*Ls dci'Lli?rKd Ihn?ugh inLIu%ivL iJk'LhcildLr Morkshi>p5. lor Iihi(>pi& KLni'* Il8&nd* Chad. Anb)ol& (ialM)n. NibiLTid and N1ald￿l. IdLh Nl-.Al) idLniifiL% whai ihL rLsrKi1l￿l LyTriiniTh TiyUITLS 10 PMILLI lis LILphanis. thL prioriii. pn)jLLls. and thL TL%()urLL gap%- ¥hiih Ihl 5upl￿n of Ihc inicrnaiional Lommuniii.. CuTrcnil> in dLILlopmcni arl IhL" NLIll)s L)r Congo BruzZa￿lI1L. Li￿rIa. and C'oll. d'lvoirc. K¢￿ lo ihis 5UPWrt is lh¢ alignrn¢nl ol. Nf.APs M-iih lh¢ UN s sn(i5. SIIPtx)rting 5Uslainabl¢ liv¢lilioods lor local tntnuniiic5 and th¢ harmoniou5 rocxisl¢nrc of ¢kphanls and tKoplc li iih hcrd5 ablc lo ITavcl acnTrss Ih¢ir ranB¢. .1 hLrL.h￿ priiiecijng a d11t￿ range of *"ild *t)imals and planL* coinbaiin8 ¢lim* ¢han8e. and supp)rtin8 liKal ThL EPIF also provides an ad￿l￿r￿. rolc 10 faciliLqie short and long-ienn resouftr mobilisaiion ofNEAPs. including through advaniing su¢c¢sslul conser¥aiion goi'emance models. P38¢ 4 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coiYfiNUED) FOR THE YEAR ENDED 31 DECEMBER 21123 PlaL'I ivij iJndecijn￿Thlc iiSE ihroii hihe ecli&e niaTh7 siuck iles." The EPIF has dei'elokY& and %iidel% disseminaied across Ihe coniinenL I￿0￿. Invenior%', Protocol and Manageineni -lechnnlng)' Ciuid¢lines. IOT conduciing a C"l-l-F.%.approNed ini'enwr). of ii'ildlife producL% fre¢l}' availahle in Inultiple languag¢%. Th¢ d¢%i¥n and itnpl¢m¢nlation of li digit￿ SwLkpil¢ ManJgwtwii S)'sl¢JJL to supp)rt ￿ tYaJ-litn¢ rnanagrfflrni Ill- ivorn and oihLT wildlife PToduL%S. Iiiih aLknOiilL￿ELMLrtI ftom the CITES SLgnding Committee meeiing in NoVeM￿r 2017. and infortn81ion docujnenis aiailable on ik CITES %itbsile. 14etm.een 2014-202.3. 114() Piople participakd in training sessions on Ihe of the SMS to date iechniqiie& and use Dl-lhe %NI%. 1211 %rnart iublLl% have Iren provided ￿ governmeni w)d NGO partners for thc %M8. 15 AlriLJn ¢uuntriL_4 hdl'l ulilis¥d th¥ %MS iiith iThi'cniorics arL 4blL to rcpjrt tu C'ITES in tirn¢ foT lh¢ dlllllliil 28ih l-¥btuaTh d¥adlin 'Ilie BLst PraLtILLS & Gold %iandards lor ihi Nlatlagemthii ol. }￿lId111e Produets ioolk'ii lias betii dcvLl0￿'d and dissLmink)lid aLfos5 Alrica. 'I'his ouilincs Iht miniinum baklinL St￿1nd￿rdS and Ilic k.si prnciicc 'Gold %tandards fi)r IhL ManagLmLni ol. ivor% and oihcr 14ildlifL rKodiiets. I'￿ t￿Ik.1¢ includcs a tiold Siaiidard Assessmeni App- a digital app l(Ir as%Ls%ing %iorLfoom qCLUTll>' and managLJnLni th iDfi)nn impr¢)&LmLnl% nL*dLd. 111 Li)unlriL% LuryLnilJ r￿￿1}1￿8 frum th F.PIF w impliminl IIK. Ci()Id %widdrd% for 411)Lkpilc monJbJenieni. 'I'hL IK'nilil% i)fa roMs1 sio¢kpil¢ manag¢m¢ni S)￿¢M in¢lud¢'. Ri'diiLL'% risk i)I'L4)mipiion and k.&kage of li ildlifL pnKlu¢is bx¢k inio ill¢g811rnd¢ l.Lad% t(1 niorL %uccLkgful pr4Kicuiorial capabiliiiLS. I'1)slLfi inlL'r-agLnLTh' LX)Ilah)rniii)n and impn)ves c4)iifidL'ncL ITh golemmeni ins1iiuiii)ns Jiid enfi)rcemeni uid ikn'Kli)K Klaiion%hip% k.Iw&xn ihL auihoriii¢% and iivil svciil).. upF¥)rL% Lvuniriis in ￿￿)nIng ai a naiioMI and gk>bal cummiimithl livLI. on inventor>. Fihin¢i•l review 'l(IMI inLiimi liir Ihl )'Lir £91W.O()9 12022.. £1.232.3271. ThL i&%1 maj()rii¥ (Ir ihi% inlomu (kinaiii)n4 und gbruni rLLLIVLd. 'I'hi I.. Pl Foundaii()n work'ld %iiih 1%4111'1 12022.. iiinLicLnl rcsiriciLd gran1% iii NiaT. aiid graiil% 4UP￿)rI i)ur gii>v¥rnin¥nl wirtnir% Iii iiiipliniiDi Ihi aim% i)r ih¥ l.-Pl l.i)un4Jaiion I0￿11￿¥d akni'¥l. I'hL I'.Pl I'oundalii)n h&$ had Ll I'{)unddii()n s lx￿ndiIttrL' t>n LhariiablL' a¢iii iliLS for the Findnci&l Year £W8.732 12022.. £1.25111 I l. including uprKiri LE)%IN i)1. £39.584 12(J22.. £16.0501. 1)uriiig ihL I'Lar EPI Foundaiion inainMinLd LI0￿ Loiilrol of orKraiii)iial Lli.%l4. l.'X4ltnplis ofLo51-￿VIng mLasuTLS w¢r¢ rcsiriaing intrmaiional iravel. r¢ducing fixed costs. and oihcr¥ii*' Lnsuring Ihai value lor rnoniv 15 ￿lli￿Vid in all ur¢us. 'I'hc C.'hority 5 re￿r¥¢5 al lh¢ ye¥•¢Ni w¢r¢ £1811.847 12022.. £214.3271. romwi5LtI8 £71.014 12022.. £53.7451 ff strirt¢d t'urtd5 and £117.833 12022.. £160.5821 unresiricied funds. The unrestric*d re*n'e% repre￿1 ihe Charii). % free re*r%'e%. Reservtj polity Thi Triisilis rLLognisL IhL nccd 10 hav¢ suifjiicni unrLSiriCILd funds held &s a rLsLTrL io ensuTL' undcrI￿11ig 51abiliiy should IhL charit￿ tall an un¢¥p¢¥lLd d¢clin¢ in incoin¢ sireams. un¢NrKd¢d CO￿ increases or the need lo respK>nd lo a cliange in 115 ¢nvironni¢nt Isurh a5 C-l)VIT)l Arrordingll. lh¢ l¢iel of unr¢5tria¢d r¢5¢n¢5 that th¢ TTusl¢¢s IKli¢v¢ to be appropriat¢ stand5 at £1211.1100 ILITLa 3 tniinths lundingl. 'fhe Tru51ee5 beliei'e ihi5 kn he appropTiale as il is %uificienl lo prolecl the charil) again%1 Idll in inLI)m¢. but rtiil luu miiLh that il ￿-1)Uld impact vn ih¢ C'hJril!'% dbilili liTr Fkrfi?mJ IL% aLliiilies. The Lurreni ILILI lif unrL%iriilLd rLsLf¥LS dl ￿L￿-Ll)d s1th(Ls' &1 £117.833 {2022.. £160.5821. This 15 s1J￿h(l) k.lom ihc ILNLI ofrLbLf¥'L5. bui noi malcriallv. p38¢ 5 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coiYfiNUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Prineipal risks un¢trt#inties The Epsf. ￿1th Iht considerabl¢ and dii'erse e¥￿rience and rkni'orks of its Board of Tru￿ee5. Ad%'isor¥' Panel. slaty. consuliani% and Diher .%up￿￿e￿ 18 iiell placed ID delii'er ihis projea ii-oTk id although rK> cali be thk'eii to secure aguin%l all risk% in Ih¢ir ¢nlir¢l)'. ih¢i' are awar¢ of various risL% inh¢r¢ni in field and risLs ar¢ taiyd at ixiard tne¢ting h¢r¢ r¢l¢banl pldn5 ￿vic￿¢d. Despi* numtrous challenges. the EPI Foundation h&$ managed h) adapt io new wavs of M'orking and mainL2in sirong relaiioiisliips N'iih I.. Pl memkr siaies arKi partners. li has placed ilie l-.Pl in a strong wsiiion ￿ support Ilie preveiiiioii and miiigaiion ol. 111.'C and ￿ tht plaitorm ihrough which Alrica can articulak its r*eds ￿ld Ineei its goals iii elephaiii Th¢ F.PIF's %York r¥lv oth IIK. iYiII ofourgov¢mrtK'ni part￿rS 10 main¢ain ¢oth*rvo1iort ¢lToTts as a prioril) and to deal wilh illigal 1sildlilL trade i%'ithin and across its ￿r{jers. and on the inkrtsi of private ￿ld bilakrnl donors iii Ilie caust. Our oiigi)ing thought ILddirship on the MidL'r hiimaniiarian. economic atMI gotrcmance issues Iniiigaies ihe risk ofihis comtniimcni subsiding and is a ke> a5￿Cl ol'our overall aim. AI IULh mLLlinb. IhL tI()iwd iippr¢ivL% and tn¢inil()P* It￿. budgil ar¥J incumi fvrcc&%L as ivcll rci'iLlI'inB an updulL ()n Ihc in¥oini and i¥p¢nditUT¢ in ¢h¢ ini¢rim %1rtL¢ ih¢ pr¢%ious ttL¢¢iio¥. 'I'hLfL' dfL' %L'LiirilN risks ihai LXISI in mani couniriLS in iihich I￿. fpiF orAraies ond io ii'hich staff and consuliani% Ira%'LI fur ()rk. 'Ihi l.'l)11.' ILam dnd Ili)ard mLm￿r￿ Ihai are rcquL%kd 10 Ifd%'LI are sclLCILd for Ihcir role4 ha￿d an iliLir laniiliarii), willi these risks- but ￿111 be briefed on siiuaiions 5￿cifiC 10 ikir (ksiinaiion. Pl*ns for fuiurt periodj I"h4ink% 11) IhL ailll'jij¥% und collut¥)ralivi ctYort% of mcmky %taic% and ikn. F.Pl pJrtncr% lo achiei'i thi l.'l•l goal4. dramaliL pri)gpN44 ¥hiLbLd. )'iar4 (In. thL ￿1(￿¥ (If ivi)n havL droptKd ¥ub%ianliall>. inl¥miili' ti? m(Inilcir ¢wid¢nii4llK' giiv¥niin¥ni iv()rN %l()¢kpilL'% hd% k'¢n (k.W¥li1r￿d and (k'pk>!¢d. C'ru¢ialli". rAisrhin8 for ii"iTrTh. in %om¢ K¢¥ ar¥J%. and %iTrii) Ipuldiii>n% drL trL'binninbt s1{Iw.ly 10 recover. The l.'Pl 1.Ound￿m)n th ￿en esthbli%hed &$ Ihe legal eniiiy mJndaied io be Ihe li)mi411 iLirLldfiai i>fik. l.'Pl. Thl I.'Pl Foiindali(In %4'ill continu¢ lo providc ils corc SUP[K￿ for %lockpilc managcmcnl and achieving gold standard% in Ihe manugini¢nl Ill. anJ oihcr li ildlil¥ t¥(iducts. and IIK. &'iclot¥n¢nl of Nl*illPs. -l-h¢Y ar¢ lundaminlal pillar￿ ol. Th¢ (-. l?1. 1Sut il'wL ￿an1 lo s¢¢Y￿ th¥ ltiiur¢ of Alrira s¢lcphanL% w¢ mua do m￿h more. In 211204 il Ll)n%iilidii()n pr£KeK% undertJk-en b) the neiv CF.Q. J(>hn S¢dnlon AO. ii(Irking iiiih ihe l-.pi fiiuiidaiiiiii iedm. Ihe l.LadLrsliip CoLinLiI and I￿. Foundaiion's Boaftl of TrusiLLS. 10 L¥aM1￿ hom i￿. Foundaiiun can 5UPlX)rt I.'l)I InLiniK'r slaiL5 and partncr5 with clcphani conscrbation in a rrf)sl COV[￿19 iiorld. AnalN'5ing th¥ work ol- th¥ I".Pll.' to dal¢. it5 51r¢ngth5. and IlLakn¥55¥& and ho￿. lh¢ rhall¢ng¢5 laring l-.Pl In¢iniK'r 51al's and their clcphanl ￿pulatIonS hai'e adapt¢d. "lThe ￿$￿11 is 3 ￿￿¢￿1.Cd Visinn armi na¥taliv¢ for th¢ l-.ljl I"oundalinn. liilcd 'l.ooking BLI'I)nd llury - Ihl EI)l Fiiiinddliurt 10 2030. I-l￿ Vision l. In OL'llTr￿-T 2020 Ilk. IPIF le￿ *( dlx)ui ￿ LngidLTLmLll1 pri)LL% iih IhL EPI Cuuniil uf Mini51Lrs and Nation￿ Points ihe new Visiun 2030. md wilh iiidLspfLad dpprvval. and personal lellers ofsupwn Irom EPI MillisieTS. (ioing fon¥ard. the EPT Foundation will galvani￿ Sup[￿ for all IPI tn¢tnber 51at¢5. to help ihem manage and avoid huniwi- ildlife Ciinflicl Illll'C'.l and en_SUTe the hartnnnious ofelephant5 and people Lo 2030 and he)'ond. The Te.4nlution uf HWL 1% ￿ integral part ()fth¥ AEAP drtd the teldied NF..4P%. The EPI Foundation will further d¢i'elop lis capacip. in Ihis are& estsblishtng a Hum&n-Elephani-Confliei Evaluation and Siipport Team I'ihe HEC Team K a ￿nall inierdisciplirhan ieam creaied 10 supwn EPI memkr sthies miiigate and pr¢veni IIIECI. ThLfL arL alrLad) HEC tniti¥atiOll PTujeLts in tnan!" ptirts of AfTiC& bui the conlitLLnl needs a TllUTC LuurdinalLd Tnulually suppoMivL approaLh. ThL EPI offLrs ihis oprx)rtunil!". li m.ill incourngi ￿1)I0*mL￿t or Lxi51ingi and nLW ItchnologiiLs and IcLhniquLs across thc coniinLni io addrcss HEC, and ￿ suP￿rt s￿lI1 planning. P38¢ 6 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coiYfiNUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Strueture? governAnee And mlnogtmtnl Type of governing dotuttteDI.. Memorthrtdum artdArticies OfA%s￿l&llts How's the charity eonstituted.. Prilaie Limiitd compan%. 'I'he trust¢¢& who are als() Ihe diTecknT5 for the Pur[￿5¢ of compaDJ t￿1.. aDd M'kn seryed duriDg the year and up to the date of %i¥ndlur¢ Dfih¢ linanLi41 %lat¢tn¢nt% Her¢.. S Miitiulin¥atn A Rh()dL Name5 ofthe ¢harity trustees who mall*ge the ¢h*rity: AlixJndir Rhi)J¥s. lan I'rJib OBI.. SJnjJN'Jn Muiiulin&iatti. t)ay.10.daN 0￿ra(10nal control ofihe charii%' Is 8iven 10 Ihe C 10- John S £irdinur)' nsiiluiii)n'. l. l appi)ini a ￿r%}n wh() is willing Ji) ali 10 k a dirL'cior.' and 1.2 dLIIL'rmini IhL' ri)Idll(In in whiLh an%. addiii()t)al dirL'Lior¥ *rL' 10 rL•IiTL'. 2. Nil Pirs1)n Iiihlr Ihan li dirLLI()r rLiiringb M rol1￿ iiibn inai- k. app>iniL'd a directtw ai an), 8LnLral meeiing) unlL'%%'. 2.1 hi i)r sliL IN fLLI)mmLndLd li)r rLMILLll¢lli bi. Ihl diTLiI()TS: 41r 2.2 n(?1 than fi)urt&Yn nor morL Ihan Ihirt)..ri￿ clcar days k.forc Ik. da￿ of in￿11￿8. IIK. C'liurily is givin a nutil bl.%iali% Ik. Mn as a diT¢Elor. Ll Liintains IhL dL￿tIll% thai. if lh¢ ￿r9)n w¢r¢ ap￿Ink￿ the C'harii!. wibuld h8v¢ ￿ fil¢ 81 L()mpaniL'% I l(iu%L'.' dnd ijl is b> IhL PLPiOTh w.ho 1% 10 k. 10.%hou his or hLr il'llliiig￿s$ io k. aprM)inicd. 3. All mLm￿'rs wlio arL Lniillld 10 rLLXlbL noiiLL ora ginirdl mLxiing musi k. givLn noi IL55 Ihan SLi'cn nor MON. Ihan 1i4.Lnl¥'_ ¥igihi LILar da)s' noiici ol'an% rcsoliiiion pul I￿[he fflcciing 10 apr*iini a di￿lor othLT Ihan a dirLilor i¥ho 14 10 rLlirL h> rotation. 4."1"hc dir¢rlor$ mo> ap￿in1 a per50th ii'kn 1$ ii'illithg kn a¢1 kn be o dirrfior. 5. A diKiior &p￿inI￿d a rcsoluilon of oihcr dirnxiors musi TLiifL ai ihL' nLNI annual g￿traI mccling and musl not iK' iakcn inlo account in dciemiining lh¢ dir¢clors iiho are io rclirc bi Toiaiion. ). 'I'hL appDinimLni ora dirL'clor. iilK'ihcr bi" the C'hatih" in a gcneral medin8 or b) the nther dire¢ior% M￿51 not Lau%L Ihl numk'r of dir¢L￿r5 11) e.XLLLd an). numk'r fiiLd as IIK. m&ximum numtL'rofdirL*iors. NonL ol. Ihc iru51ee5 has ani iKn¢ficial interest in itK compan)". All of ¢he tru￿¢¢5 are members of the compan>. and guarantee to coniribul¢ E l in th¢ ¢￿¢￿1 ol-a winding up. Arrangern¢nt4 for setting the pxi. and remuneration of the thxrity's key m*nagement perwnnel RemunLraliun Iil-k¥} m￿aLlLTnlnI I￿￿)n￿LI 1% %ii i id tK-nchtnJrk"ing ii.ith uihL-r %imilar OT¥￿I￿all￿n%. Auditor In acmrdanc¢ with th¢ cotnpani"'5 artirl¢% a reg>lution PTQTK)5ing that Rirhard pl￿ l)obx)n S¢rvic¢s l.itnit¢d b¢ T¢appoint¢d ab auditor ol-tht Lornpan) Thill be pul at a Cjenetd ￿leetIn P38¢ 7 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coiYfiNUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Referenee ldminisirgtive dttAils hant Pri)ieilj()n InitiJlii-¢ FI)und￿l￿n EPI Foundaiion IEPIFI 118780.5 lank 110￿$¢ knuthii'ick IhLr namL Ihe chariiv uses IiLJmber al addr¢k uare. Southm'icl Ilri hton IIN42 4bN Trusttts. res onsibilities in ￿1#110￿ to ihe fin*ncial stattments The chariiN' tri￿le¢S Imho albo ihe directors ofihe eharii!. for Ik pur[N￿S ofcompan!, la￿.) art resp)nsiblt for preparing a truskes anni￿1 repon and linancial St￿¢M¢niS in accordance iviih applicable laib and uli1￿d Kitjgdom Accouiiiing standards IIDilLd Kingdom (rL'nLrall)' ALcL'pied Accouniing Praciicel. Comp)n) laiv rL4uiT¢S ih¢ lhariiy tyus*¢s w pr¢wu¢ fithtsn¢ial sthi¢m¢ns for ¢xh )'¢w ii"hi¢li giwc a tr￿ and fair vicw of Uie tall ol. Irs ul. IliL' Lh￿lIable Lompan) and Ilk. group and ofih¢ inwming resouT¢es arMI appliLalion of rL'soufLL'& inLluding IhL inLomL' Lind LXPLndiiurL', Ot'the charithblL group for thai %eJhr. In prL'paring Ik. tin8rtcial SlalL'mL'nis. IhL Irusi¢es arL' fL'quifL'd LIL'LI Nuitahl¢ accouniing rrfJlici¢.4 and then aN)li' them con%i%trnili'- L>hsir¥L IhL mLihixL4 und prinLipk'% in It￿. C'hiiriiiL% %()Kl>: tnitki judbTmLnl% and LslitnillL> Ihai arL fLi¥Wll41bli aThJ wudL'nl- %ljll¢ iihiihir dppli¥abli IIK a¢¢uunliD& siandards ha%¢ IKx'n foll(IM¢d. subji¢i 10 any ma*rial d¥piirlur¥S di%¢lii%¥d diid L'%plainE'd in ihe linaiicial sthitmtnis. and prL'PJK' IhL linanLial sldlL'mL'nis lin IhL' 80iTh8 Cor￿ basis Unle￿ li is LnwropriaiL 10 pfL'sumL ihai IhL' charii!. ￿,111 LiTrniinue in bu51r￿SS. 'I'hL IrLi%li¥s url rn4rrf)n%iblL r(Ir k&Yping pror&r aLLxiuniingp TLX(ITds Ihill di%lo* ii'iih n&wnablL allurnL￿ ul uny tirni IhL linan¢ial p()%itiiin ()I' Ihi Lh#rilV and In ¢nabli Ihcni ith ¢n%ur¢ Ihai th¥ finathcial %UkiiiciiL% Lomply with Ilic C'ompanils ALI 211116. -1'h¥> Jr¥ al%ii r¥￿￿)n41b1￿ liir ial¥bpyJrdirtg lh¥ of &haril)- and Ilk. gwup and h¢n¢¥' iak-ing r¥'&%iinJhl¥ %l¥P% flir th¢ pri￿￿ntI1?n and d¢W'¢lii?n ()I' Irdud nilK'r I￿.￿￿1￿￿111¥>. 'I'hL IriislLI.% Jrl TL)￿)n.￿1b1L fibr Itk. maink'nancL Jnd iniLgTrrii! of thL C4)ryX)rnli and fJnunLiuI infil￿all{ln inLludLd ()n IIIL Iiarilahli conipanj % wcb%¢li. Ixgi%lalioii in Ilniicd Kingdom goi'lniiiig ilic prcparaiion and di%%Liniiialioii ol. fiiiaiiiial btatimints may ditT¥r fTOffl ILgi51alion in otlKr jurisdiclions. In prL'paring this rL'POrt. th¢ di￿￿10￿ hav¢ advontsg¢ ofthe sm¥ll ¢ompxni¢$ excmpiion provid¢d bv 5¢¢1inn 415A of ll)¢ Ci)mpartlL'% Act 21MJ6. Disclosure ol infornJAtion to auditor In 50 far lh¥ Iru51¢¥s ar¢ at Ihc tim¢ of 3N)roi"ing our trusk¢< annual T¢tK)rt'. IherL' IS rto relei'ani inlnrnialion. ￿Ing irtfomLaliQth nceded bi" Ihe audiloT in wthnrftion with pr¢parin8 th¢ir rerM)fL vf whiLh the Lharily's audiior is Lmaivare. and Ihc IrusiLxs, having dc enqiiiries of fcllow dircciors and ihc chariil's audiior Ihai ihe& oughi 10 hail individuall> taken. hav¢ ¢ach laK"¢n all 5*p5 Ihal he15he 15 oblig¢d lo tsk"¢ as a director in order lo iiiake themselTres a￿"are of an) r¢l¢vani audit informalion and ￿ ¢*abli5h ihai lh¢ audilor 15 awar¢ ol-thai infoTtnation. Th¢ trus1¢¢5' report Thas approi'¢d b) ih¢ Board of Tru5te¢s. A Rhodc Trustee 16 Sepiemkr 2024 p3ge 8 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 21123 The trusiees. who are also the direciors of The Elephani Proieciion Iniiiaiive Foundation for p￿r￿se of cotnpani. law. are responsible tor preparing the Tru￿t¢s, Re￿rt and Ihe financial siaieiments in accordanc¢ ￿1(h applicable law and Iliiit¢d Kingdnni AccouDting %iandard8 (Llniied Kingdom (ienerall) Accepied Accouniing Praciicel. Curnp(￿Y L4w ￿qUir¢S th¢ In￿¢¢s. io Prep￿ fuwJciJ stsi¢m¢Thts for ¢arh fJnanciJl )"¢or ￿'hICh gi%¢ a iU]d f'wT Vl¢W c)l-the siaiL of aftairs of ihL chaTili and of incoming rewurces and application of re￿rees. includin8 Ihe inLome and eKpendiiure. ofiht charilLible compan% for thai lear. In preparing ih¢se Iinancial stsiements. lh¢ irusltes ar¢ r¢quir¢d io.. sLILLt 5uiiablL 4LLounling wliLi1s and thL'Th apply thcm wnsixlLntly- - observe ihe methods and prinLiples in the Chariiies SORP: - makL judgernenis and esiimaies thai are reasonable and Pn￿ni.. 41iilL %Yhiihir upplilubli IIK plLCI)unling Its￿da￿d¥ hav¢ IK¢n follo￿,c& subjccl to any miilLrial (IcparturL% di%cli)%L'd and pliiiniJ in ih¢ linanlial siaiim¢nts; a[￿1 P￿,pl7rL. th¥ linaniial siaiemenis on lh¢ Boing ¢on¢¢m b&sis unless li is inawJropri81¢ io pr¢sunw ih81 lh¢ ¢h8rii> will ¢Dniinu¥ ThL ITu%L'Ls ar¥ re5￿￿11￿1r for k'ciping adLqUalC accounting rccords thai di%10sc ￿'1th TcagonablL uLLuracy al an>. IirnL IhL 'I'h¢}' N%Nin%ibli l(Ir wfi¥uiirding ItK' ol'ih¢ iharil) hL'nL¢ fÉTrT luking r¥i￿￿n￿b)L sl¥Jx4 r(?r ihi P￿V¥nI1(}n lind dL¥IL'LliC)n Dffrnud and i)th¢r irrL'gulariii¢s. P38¢ 9 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ELEPHANT PROTECTION INrfiATIVE FOUNDATION Opinion WL hdN'L audilL'd IhL' fI￿LIa1 sLiteTllLnL% ufThe EILphaThl PTu*Llion Inilidlive Foundation Lharili I fuT thL Ye￿ L'ndLd 31 DLCL'mk'r 2023 which cotnprisL' thL SI&IL'ttk'nl or rinthc1￿ aciii iliLS thL balancL' shL￿'L thL SV￿￿Ment tsfLash floHs and notL5 10 the linaiiLial siaitmtnis. including signifiLani aLcouniinE P)licies. The finanLial ￿r￿)nIrtg frdm¢￿'Ork ihai has ken applied in their preparation is appliLable law and Uniied Kingth)m Ac Ihal ril¥vani 10 oiir iiiidil c)i-Ih. IinatlLial siai¥m¢thls in IIK, IJK. i[KI￿l￿g ih¢ l.'RC s I.-￿ill£ll Its￿dar￿. and havi lullill¢d i)ur i)Iliii' ¢iliiiul rL'ipTrn%ibiliiiL'S in dLLC)rdanLX' wilh t￿,￿, re4uiL'menis. IIL ￿lILVe that audii LfvidcnLX' we have i)btsined li sufliLIL'liI and t)ppri)priuiL' 10 pr()vidL u b&sis liTrr our opinion. Conclusions rtlxting to 80ing conctrn In aLidiiing IhL' IinanLi21 s￿IL'ML'nL$. N¢ ha%'E' conilud¢d ihai th¢ us¢ of fv goin8 cOn￿'rn ￿$1S of a¢iciuniinB in lh¥ .*i(l i)n Ihl ￿1)rk WL havi r￿rrI)M1Ld. WL havL n(H idcniifild ani maierial uncinainiils Nlaiing li) LVLnls i)r Ll)ndiiii)n% ihai. iiiclivicluulli i?r ii)Iliilivil)'. iail ii¥nifii4Th1 th)ubi on IhL' Lharii) % abili1& io conlinuc as u going u)nLirn fi)r a tKriod i)f ai l¥ast Iwilvi munih¥ I'rvni IIK. linancial ar¢ auilK)rl￿d for issuc. ()ur rL'ifK>n%ibiliiiL% and tht resrknnsibiliiies of the trus*es N"iih res￿¢1 kn 8Oin8 C(Jtwn are descri￿d in the rL'ILVWII K*IiOII% i)fihii rL￿)rt. Other information 'I"hL l)IhLr inlDrrnalivn ¢omprixs th¢ infomialion inrluthd ith th¢ anth￿1 w¢w)rt oth¢r thBth th¢ fLnJnrial 5ts1¢m¢n15 artd our udiii)rfs rLlX)rt thLrLon. ThL trU%tLe% a￿ rLssxTrn%ible for the ol￿r inforn￿li0th LoniainLd within IhL dnnudl rLrx)rt. Our (Ipiiiii)ii i)n IhL findnLiJI slalLmLnis dvLS noi COVLr ihL tsihLT Infomiaii￿ and IVL do nul LxprLS5 ani. fumi (if ds%urdniL LiinLlu%ii)n IhLr¥on. Our rcswtisibiliiy Is 10 Tead ihc oihcr inforniaiion and. iii doing Xb. consider ivhcilicr ihc olhcr iiiforiiialioll is mal¢riallN incon51St¢nl wilh lh¢ financial sial¢ffl¢nls or our krKbwl¢dg¢ obiain¢d in lh¢ cours¢ of the aiidiL or oih¢n4-is¢ ap￿ar lo be Mallriall￿ mifslalid It. %1¢ idcnlilb such mal¢Tial inron5151enci¢s or apparcni fflaicrial mi551alcmcnts. wc arc Irqiiiird to dL'lerminL IihLthcr this 81I'CS rise to a tnalerial tlli5slaleTnenl in the financial slaletnenLs them5elTre5. If. h&5ed Dn ihc wiirk" M"¢ hdve perf(Imied. lye £iinclude IIknLI I￿re is a material mik%lafrmeni of this othei infoThialion. are required io rerxifl ihai fad. WL havl nothing 10 rcwn in ihis regard. Matters on which we are required to report b). eAceplion We nvihinE Iv rL5K>rt in tLSPKLI i)r th¥ fi)11(iiiin¥ m￿lerS ith [eI￿l￿n ￿ whiLh the Chariiies (Accounis and Reportsl Regulaiions 21X)8 rL4uifL US 10 report io i'ou if. in OUT opinion-. the informatian given in the financial slalernents is incorLSi51enl in am. rnakTiaJ tespecl with the trU￿te£￿' TeTX)rt" QT sutlicient accounting records have [￿1 ken k¢pi: or the fin￿Lia1 stdt¥tn¥n15 aTe nul in dgtL*'tnenl m.ith the &¢¢OUnling recvrds: or w¢ hav¢ not r¢ceived all th¢ infortnaiion and ¢xplanaiion5 M'¢ requir¢ for our audiL pag¢ 10 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE ELEPHANT PROTECTION INrfiATIVE FOUNDATION Responsibiliti￿ of Irusiees A4 explainL'd tllOTe I'ullN' in the %ldlL'mL'tIl of ttus*es' tesw>nsibililie* thL' tru%teL* Ii'hu ￿ alw ihL dirL'Llori uf IhL Lh￿lIV fur thL purFY)sL' of company lais, aTL' fLSFK)nsiblL foi ikn, ptLpafaiion ofthL financi￿ sl&lL'mtnlS and ftsT l￿.1￿E ￿ti￿riLd Ihai ihL'N' bllvtr a true aiid fair viem. and for SULh initnial control as ihe irU￿te5 1ltkm)ine is necessar%, 10 enable ihe Preparation of financial qltineiits thai are free I'roin material Inissiaithn¢ni. due io frdud or em)r. In preparing Ihe financial sL2ternents. Iht trusie¢s art reswnsible lor assessing Ihe chariii s abilii) io coniiiiue as a going coiicern. disclosiiig. as applicable. m￿terS r¢lai¢d ID going concern aDd using ihe going concern b&%is of accouniing unless the ￿$￿¢$ either iniend to li4uidat¢ Uie churitshl¢ ci)tnpun}' or 10 I)￿raIi()n￿. or has'¢ r¢Ji_%iic alkrtwiie bui w (kn Auditor's respothsibiliiits for tbt l￿dI¢ of tht fin#nti*l st*ttmtttts WL havL ￿'ill appointl'd as audiior under stciinD 144 of the Chariiies Aa 2011 ar¥J T¢￿)rt in accordwic¢ w'ith the Act and Our i)bjL'Llives are to obtain rtawnabl¢ a&sutathL* #tK)ui ii'heiher th¢ finanLial sthiemtni% Js a whole are frett from IraiLrial mi5sldlL'mL'ni. ￿'hL￿1hL'r duc ts> fraud or emir. and kn i5sUL' an audiiorfs rep)rt thai in£ludLS our opinion. RLasontiblL aiiurtsnLL 1% high leNel i)1. 4tssiir4inLe biii is noi a giwaniee ihai an ou41il COtMIuLied in accordanee with I%As IIIKI i￿11] al￿,a￿￿ dLieLI U maiLrial mi%%iaiLmLni whLn li Lxisis. NlissthiemcnLS can arisc fmm frnud or Lrror aiid aTL' eon%idLfL(J maiL Tial if. Indi￿lduallY L)r in Ihl ugg)rigJ(IIL. IhLI' c(iuld rL&*Onab1￿ tk" C¥￿al.d io influcncc the ecoMmic dcci%iun% lif thkcii i)n IhL ill. IhL%L 'I'h¢ ¥Xl¥ni 10 whiih our pro¢x.dur¢s a￿ ¢apabl¢ of(k.l¢¢ling irtgularili¢& in¢ludin8 (rn￿1. its d¢¢ail¥xI ￿.10￿. l.lir muji)rit) ul. Ihc durin&p IIK. s'cur 11¢ obthincd rci'iciicd %upp()riing ducuTnLiii4li()n. W¥ r¥vi¥wL(l inLI)iiii r¥¢i)¥iniliiin b}. ￿(lu¥h1n& a %atnpli (if bank r￿￿1p¢s lo gr￿1 (Jrtum¢niaiii?n. r¥vi¥*¥d IrJii%a¢iii)n% IhT(iU¥Thiiul lh¥ Irial bdl¢lrti¢ Ic)r anv ¢Vid¢n￿. of maniNJlthion M. mana8¥m¥'nl. ofiht cowirnlSySie4YJ In adJili(In i(1 disrusgion %4-iih manag¢rn¢nl and ainongsl lh¢ ¢ngag¢in¢ni i¢am. TiVi¢M- of Ihc linanrial fKili¢i¥s in plaLL 14-cr¢ und¥riJk¥n iii gain an urtd¢rsianding Ill. th¢ l(>undaiions Eur￿￿1 ￿11￿111¢& authori￿110n pr￿¥￿￿￿5 ynd ¥tY¥rlili¢n¢x% Ill. Ili Lonirol L,n￿1ronMLnl. ()ur undL'rstanding %i-a% ILSted during IhL' audit and IIK, %%-%lLm% ¢i>iiiroli iii plaLL MLrL fiiund i() l)L' i)￿r￿LIng￿ LITLLIIVLIJ. In tiddiiiun ￿.￿ fL%'ILIILd dll INILrial and journal JdjusimLntts during Ihi )Ldr fur LiidLnLL l)f mJnipulaiion. A funhlr d¢scTipiion ofour r¢strf>n5ibililies is available on lh¢ Financial R¢wrting Council s u'ebsi* al.. liltpS.'Ilw￿w.frQ.0fg.U audilor5r¢sponsibiliii¢s. This d¢5rriplion fornis part ofour4udilorfs r¢N)rt. pag¢ 11 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE ELEPHANT PROTECTION INrfiATIVE FOUNDATION Use of our report Thi% rL'txirt 1.% tnadL wlel) lu the Lharili % tsusiee* as a IXMI!.. in ￿CL￿[danC￿. li ith part 4 ufthL ChariliLS IAccuunt4 dnd RLP()rt41 RLEulaiiuns 2￿8. Our audil %%'OTk has tK'Ln unth.rtak"LTh so that II'L miLhi staiLb w thL LhOTiI} s ItUSlLLS IhosL' maiiL'ts WL afL re4uired 10 stale 10 Ihtm in ¥Jn audiiorfs rtLN)rt atMI for no other purtM)St. To ihe fullest ￿rmItted bs, law. Me do noi accepi or absume resp)nsibiliii 10 all¥one other ihan Ihe charii!. and ih¢ ehariil s irusitts as a body. for our audii work. lor tliis rtwrt. or for the opinions i¥e have lonned. Darren Harding (Stnior Ststutor). Auditor) for And on behllf of Richard Plate Dobson Sttvitts Limited .17 S¢pl¢mlrr 2024.............. C.'hariered Accountxnts St*tuiory Auditor Cyround floor 1 7 %tsii()n Ri)ad ('rd￿le%. WLs1 Suysex RiLhurd l)luii l)ohwn ￿'rvic¢¥ l.imikni 1% cligible for ap￿}in￿[￿nI &% audiior of thc charity by VirnUL UI. ILS cligibiliiy fi)r Ipwiinlinini 4L4 diidits)r vl'a Lximpanl undL'r f¢fliVn 1212 Ci)fflpani¥%Aci 2006. page 12 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN STATEMENT OF FINANCIAL ACTIN'ITIES INCLUDING INCOME AND EXPENDITURE AccouNr FOR THE YE4R ENDED 31 DECEMBER 2023 Current financial year Unrestrititd funds Rt5tritted rund5 Tot#1 Tot*1 2023 2023 2023 2022 Nolts Income from: Dortalions and l¢ga¢ic 80.973 819.036 9￿.009 1.232.327 tthdil￿rt on: Rai4ing lund% 16.757 10.757 1fj.908 Charitable aciivitil 123.722 7%5.010 901.732 Total expenditure 123.722 801.767 925.4¥9 1.268.119 Net lexptnditurellincome for ihe )'earl Net mov¢m¢ni in fythd$ 142.749 17.269 125,4801 135,7921 Fund baldnLL% at l January 2023 161).582 53.745 214.327 Fund balanees at 31 Dteembtr 202J I 17.1133 71.014 188.1147 214.327 'I'h¢ %taiement ()f finan¢illl a¢iiviii¢s in¢lLtsles all 8ains and loss¢s r¢¢ogni￿ in ￿ y¢tsr. All inLiimi and LXPLndiiurL derive from coniinuing aciii'iiiLS. ThL siaicmcnt of financial 4Lclivilics a150 cofflpli¢s ivith Ik rnwuircmcnts for an incomc and cxpcndilurc accounl undir ihL Companies Act 2000. page 13 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN STATEMENT OF FINANCIAL ACTIN'ITIES (COIYflNUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 31 DECEMBER 2023 Prior financial year Umresiritltd funds Restriettd funds Tot*1 2022 2022 2022 r*o¢es Income from: Dortalions and l¢ga¢ic 263.948 968.379 1.232.327 tthdil￿rt on: Rai4ing lund% I6.￿8 1fj.908 Charitable aciivitil 241.683 I.tK)9.528 Total expenditure 241.683 1.026.436 1.268.119 Net leip¢nditureVin¢ome for the yearl Net movement in funds 22.265 135.7421 l.und buluniis at l January 2022 138.317 Fund bilsnces at 31 Dttember 2022 160.582 53.745 214.327 page 14 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN BALANCE SHEET ASA T 31 DECEMBER 2023 2023 2022 Notts Current 4ssel¥ DLbior Cash ai bank and in hand 35.410 178.&10 2.894 248.884 214.050 251.778 C.reditors: amount$ falling due within one vtar 125.2031 137.4511 N¢t ¢urr¢n¢ ass¢ts 188.847 214.327 Income funds 14 71.014 117.833 53.745 160.382 un￿>tri¥l￿d funds. gin¢rnl 188.847 214.327 'I'hr U)Mpan￿ i¥ iniiilid tsi IIK. ¢xKmpiiun fmm th¢ dudil r¢quir¢m¢ni Lxiniain¢d irt ￿￿￿1(￿n 477 cir IhL (-i)iiipanic4 Ali 2(>U6. fi¥r th¢ ¥n(k,d 311)¥￿M￿r 2U23. all￿TrUgh an audil h&%. iK'¢ii ¢wri¥d iTrul un(kr 144 (If t￿. Lliaiili¥sAit 2011, 'I'hL dirLLI()ri JLk'n()wlLdbkL IhL'ir rL'srxinsibiliiiL's for Lompl%"ing with the requirements of the C'ompunie% ALI 2006 M'iih re%￿lI Ill JLLiiiiniing rLLi>rd% and IhL priparaiii)n of finanLial sLLlimints. ThL MLm￿r% liave nol Nquircd Ihc compThn)" 10 o￿ain an audii of ils fin4Lncial ￿a￿Me11ts undcr thc NquiNniinls 01. the Cornpaniib ?006. lor lh¢ ￿ear in qu¢51ion in ￿￿ordanC¢ ￿"1￿h 5¢rlion 476. Th¢$e finjnrial sthl¢m¢nts have t¢¢n pr¢wvd in #¢Cordan￿ ii.ith the provision5 4wlir4bl¢ l(F ￿mp￿leS 5ubjc¢t lo thc Small Ll)mpanie% re¥ime. 'rhe financial 8taiements were approved b). the 16 sepfrm￿I 2024 A Rhode Trusttt Companv registration number 11594608 page 15 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 21123 2023 2022 Notes CAsh flows from operating ittivities Cush absorl￿d b>. OEKraiion 17 70.2441 1249.7481 Net t115h ll5td in invtsting #ctivitits Net tA5h used in fingnting A¢tiviiitJ Net dtcreast in tAsh Ind tAsh ¢q￿lY#leftts 170.2441 1249.7481 L&sh and cash equivalents ai beginning ol')'ear 248.884 498.632 CHsh and cash equivalents at end of year 178.640 248.8114 pag¢ 16 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21123 Accounting polities Charity information ThL EILpharti PTOtLClion IniliaiiYL Fouthdaiiort is a PriValL ctsmpath! limilLhd guardnkhL inL0￿ra1cd in England and 'ales. The regiskred o￿lLe is Bank Houk. Souihm'ick Squa￿. sou1h￿.JcL Brighton. BN42 4FN. Accounting convention 'IhL liniinLiiil ilatLmLn15 haie Ikx'n prLparL'd irt accoril&nce ivith the chariti's Memornidum and Articles ofAsstsciaiioll. the C'ompaiiies Aci 2(K16. 1-.RS 102 'Tht finaneial RekK)rtiiig SiaJ)dard appliLable in Ilie IIK aiid Republic ol. IrelaTId'- I'"I,-R% 102-'1 aiid ihL C-hariiiLs %ORP "ALLouiiiing aiid RikK)nit)g b! Lharil1iS'. SiaiilllLIII DI. ReeornmL'ndLd PraciicL applicoblL 10 chariiiLs prLparing iheir aecounis in accordance iiiih Ihc l.irMncial Re￿nIng %thiidaTd applicablc in thL' and R¢public ul. Ireland IFRS 1021" lelT¢aiv¢ l Januar). 20191. The chariry is a Public Benefil Enliiv del)J)cd by kR 102. The financial Sta￿mentS ar¢ pr¢paY¢d in S￿rlIng. H'hi¢h is tk fu￿110￿11 ¢urr¢n¢v of ¢hari¢y. Mon¢w ainounts in these linanLldl siaiemenis are routmled 10 the nearesl E. 'I'hL linancial $tak"mLnL% have ken prepared under ihe hiS￿rical COM conveniion. Imodificd ￿ iiicludc ilic revaluatioii ol. lrriihi)Id pThir￿rtl￿.￿ and ii) inLludL inii%imLrii proFKrti¢s and cenain financial lnstyumLn￿ ai fair valuLI. priiiLipal ILLI)unlinb r&>liii¢> a(k)ptid aTL SLI oui iK'Io%i'. 1,2 Going eoTh¢¢r Ai Ihl IiiiIL Ill. Uppm￿l￿8 fJnanLial ￿alcn￿nL% th Ilu￿e¢S havc a rc&gTrnable cxrKxlalion thai illl Lharil) ha4 adL4ualL i)urLL4 1(1 L¢inlinuL in D￿r￿li1)n￿l iki4lL'nLL flir IhL r<)￿￿¢ab]i fulur¢. Thu% thi i￿11lL* cunlinuL tsi udopi IhL bl()in ¢tsnL¢ni ha%is ol'aLLuunliii&p in prnparing th¢ linancial 5th*ni¢llts. .3 Ch4rit*ble fund5 IlnrL'NifiLILd lundN are aiailable fi)r ￿fe * ihe discrdM)n of the trus*es in furtherance of Iheir charitahle objeciive$. R¥.4tri¢l¥d fund¥ ar¥ subj￿1 10 5FKiifir rondilions bi" doNbrs a5 ￿ how th¢J mak k used. ThL and u￿5 of111 r¥'strirl¥d lunds af¥. *1 oul in Ik nol¥s kn ih¢ finanrial stskm¢nts. 1.4 Inrome InLi>mL 1.8 reLo8ni¢*d iihen the Lharit)" is le￿￿1) eniiiied ￿ li after any ￿rf0m)￿￿y L￿n￿llIOnS have bL*n mei. Ihe amounts can k m¢asurLd rcliably. ar￿ li is probabl¢ lh￿ income will T¢ceiv¢d. [.￿h diindiiiin% dre reLugnised on reL*iPI. Ot￿r donaiioiis ai¥ reLO8nised ihe chdriii been ￿?11r1Ed i)f IliL dondtiun. unlLS5 rKrlomianLL LMTrndiitons requiYL (k.fLrrnl of thL wnouni. Incomc rLcovcfdblc in rLlaiion io dundljl)ns reccivcd iindLr Gift Aid or dlcds of coi'enani is rccognixd ai thc lin￿ olthe donaiion. LegaciLs are reLM)gnised on Ttteipi or oiherwise if the charii)" h&$ Th)iified of an impending distribuiion. Ihc amouni is known, and recLipi is expcLILd. Ilthc amouni is noi known. Ihc ILgac>" is a eoniingcni assCI. 1.5 EApethditure .xptndilur¢ Is r¢cogni5¢d onc¢ Ih¢r¢ 15 a kg31 OT wn5truciile obli￿10￿ ￿ trJn5fer econoniic benelil to a third partTr. it 15 probabl¢ that a tran5t¢r of eronotnic b¢n¢fits iiill b¢ rvquiryd in 5ettJem¢nL arLd the atnount of the obligation be mea%ured reliabli.. ExpLndiiurc ib classifiL￿ aLllViD'. ThL coms ofeach adi%iii' are m&lc up of the iOLg1 of di￿￿ cosis and sharL'd cosis. including supp)rt COS15 involi'ed in undenaking each aciihii!". Direci costs aiiribuiable to a single actii'ity are allocated dir¢ctli' lo ihal aclivin. Shar¢d cos¢s M"hich contribuie ￿ more than one acii&iti' and support c05t5 M'hich are iiot atlributable lo a singl¢ activity ar¢ apw)rtioned b¢tii¢tn tlK>5¢ xlii"iiie5 a ￿15 consistent ililh th¢ us¢ of r¢source5. Centrdl %tatT LU5ts ￿ dllocJl¥d on the b￿15 of ti]ne S￿￿L and deprecialion Lharges are dllucated on ihe tx)rlion uf the asset s use. page 17 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Accounting policies Icontinuedl 1.6 CAsh t#sh e4uivaltllL4 C&4h and c&*h L'qUiI'alLnis includ¢ cash in hand. dtFKbSits held ai call with bank& other short-*rtn liquid inve51in¢iiLs witli ori¥inal tnaluritl¢5 ul. Ihr¢¢ moryih5 or k￿. and bank oi'¢Tdralls. Ilank ov¢rdrnlls' are shoi¥n ￿1th1￿ hOrry)￿lDg5 in curreni 1.7 FingntlAI iDstrumtthts I'h¢ ¥hariti' ha% ilLLt¢'d kn appls. th¢ proi'i%iorL4 of kcrion I l -Ilasic Financial Ins￿￿¢￿Ls, aJ)d 12 'C)th¢r inJn¥iJl 1nslrutnini￿ I￿￿11¢S. ofFRS 102 w JI of fina￿1#] in￿rUt￿¢￿I￿. FinanLial irtsiriimenis are ￿¢Ognis¢￿ in ik ¢h8ril)'s ￿4￿¢¢ sh¢d i%h¢n th¢ ¢h8rii% Ixcomes party io lh¢ ¢ontraciual prO￿ls1on5 ol'ihi insiruineni. FinunLial a4%el8 and liabililic.4 ar¢ otr.4eL M'ith arnounts presen*d in thc firwicial %tarcJncnL& Ii'hcn ihLN' 1% a il sitil¥ IhL liabilit) yimulianL'uusl). lJd.%ii 11114lll jial ￿￿1￿1%. iihiLh includl. dL'biors and cash ir¥J bank iniliall) InLusund at irdn5aLti(In pri¢ tirran¥Lm¢nt ¢i)n_%ll¢UW'% J linan¢ing ironidilii>n. wh¥f¥' IhL irnnwiion is nK'o%ur¢d iii ihl pr¥b¢ni wdlu¥ i?I' th¢ luiur¥ rL'LL'IPli di￿1)unI￿,￿ ai a markL•I rni¢ of ini¢resi. l.'inanLial LI￿SifiLd &$ reLYiVJLblL 1411hin i)IlL )L'llr Qrc Iic)18m()MI%L'd. Ba.bll'fin4nclt71 liobiliiies Ila¥ii linaniial liahiliii¢%. in¢luding ¢l¢dI￿Tr and bonk loath% ar¢ Illlliall) ￿.¢1)8111%¢￿ ai Iran%ailion prir¢ uiil¥%% 111¥ rransiL'mL'nt Lon%liiUtL'% a fJthJnLinB Iran%acliOn. w.h¢￿. IhL' dLbi insirnmLnl Ll nK'L%uri'd lli iliL pfL'K'ni ialuL l)I' IhL fuiurL' pdJmL'ni.% Ili%LiiiiniLd ai a m￿￿-L￿¢ rni¢ Ill- iniL'fL's1. FinttnLittl littbiliiies Cl&￿11r1￿bd LS pa)JblL' wiihin IinL VL'dr urL' iiiII aMi)rtI￿￿. Debi iDstrum¢nLs aTC subE¢qu¢nil) carried al amorfi5¢d r05L using the ¢tr¢rlii'e ini¢r¢41 ra¢c mcthod. 'Irad¥ ¥Nditvr5 ￿ obligation5 lo for g(KxJ5 or *r¥i￿$ ihai hav¢ ￿qUit￿.d in ihl ordinorn ¢ourE¢ ol. orKratioii fn)m %uppliLr%. Am(>unL% PiLNable are ¢l&k%ified &$ Lwrreni liahiliiie% ifp3)"meni is due within ()ne l'ear i?r le%%. If ni?1. Ihe IrL prL%iniid n()n-LurrLni liabiliiiL¥. 'I'rddL LrLIiiii)P* dfL TiXO8ni%eii iniiiall% ai trdnbaciiiTrn pricL and %ubiLquLntlN nicasurcd ai amonJsLd Cosi using dic effeciiic iniereA inLihod. DerecogNilion oJfinancifflli4bililies Financial lidbililiL5 ￿ difiLv¥iniSLd iiheTh the charii!. s eontraciuai obligaiions expire or are discharged ur Lancelled. I￿ Emplovee benefits ThL LÉ)%1 i)l-dn) unuicd hiTrlidaJ" eniiilemeni is ￿08Th1*d in the ￿riod ith ii.hich the emplojee % *rvi¢e% are received. TLrniinaiion k"nLfiis arc ncogrti￿d IMmLdia￿'lA. &$ an m.1￿ ￿ ehariiv is dcmonstrablj commiiicd lo tLrminaie th¢ emploJm¢nt oran employee or 10 proi'ide ienninaiion benefits. Criti¢al afcounting estimates judgernents In the application i>f the tharih. % acci>untitiE ￿)liCIe￿ ihe are TequiTed iiTr Tnake .judgeTneni%. eslimates and assumpiiort% dLN)ut ih¥ Lam irt¥ amuurtl uf and liabililiLs thai are nul TLadil! apparLrtI fTum uthLr suurLL%. Thi esiimaies and assoLiaied assiimpiions are based on histhrieal ¢I￿rience and other facts)rs thai are considered to bc relevani. Aciual results mai. ditrer Irom ihese t￿lMales. The ¢5tirnak5 and und¢Tlying a55UTllPtion5 ar¢ reTr"i¢M"¢d on an ongoing b35is. Revi5iOll5 ro a￿)unting ¢stimat¢s are recOgni￿d in the in ii.hich the estitnate if t￿.1*d ii"heTe the tei"i%ion affecL% onls" that t￿riod. or in the period uf thc rcvision and futurL [kri0￿. iihL'TC thL' TL%'ision ￿TLLts IM)th LUTtcni and fulute tkTiods. pag¢ 18 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 DonAtIOllS ghd Itgg¢ies Unresiri¢ted furtds general Restricted funds Toial Unre5tri¢ted funds general Restricted funds Total 2023 2023 2023 2022 2022 2022 Donations and gifts 80.973 819.036 263.948 968.379 .232.327 DtsnAt10115 #nd Eifti l)onations and grdn 8ll.973 819.036 263.948 968.379 .232.327 8n.973 819.036 263.94X 968.379 1.232.327 Raising funds Restricted funds Restricted fund8 2023 2022 nd %¢¥king dunuiiun%. gTanLs and l¢ga¢i¢$ 16.757 10.757 pag¢ 19 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 ChAritAble #tiivitits Program HEC Ivory EPIF impltment8tion rosts development NEAP Publicity and work development communications Total 2023 202J 2023 202J 2023 2023 SLItTeosts .1 ra￿LI11n8 c(ists Telephone and 50.670 11.566 IX).028 23.464 66.599 207,297 48.957 13.927 156 105.770 312 1.21M) 29.557 2.047 7.778 268.406 Con_%iilianL) f¢¢s l)artner meetings Prolisiional f¢¢s l)IirLha*d %¥rviLLs '.4uipinLni Mi¥Ll1a￿￿1is 15.895 109.406 18.420 263.1%2 3.948 205 8.208 26.628 42.532 3.94X 380 168.834 72.354 509.344 38.965 79.631 869.148 SharL lif4up￿)rt 7.916 7.917 7.917 7.917 7.917 39.5114 176.770 80.271 517.261 46.88) ¥7.548 908.732 AnHIy515 bv fund IlnrL%ifiL*d funl% 67.424 109.346 6.481 73.71)() 40.373 47.175 123.722 RL'sifiLIL'd lunds 510.477 38.22? 176.770 80.271 517.261 46.882 117.548 908.732 pag¢ 20 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Charitable activities Icontinuedl For the ytir ended 31 Detember 2022 Progrnm HEC Ivory EPIF EAP Publicitv And impltmentation costs development work dtvelopmtnt communications Tot41 2022 Siall'LOSIS Tra￿LI11n¥ Lii.41 TLILphonL and iniemet CunsulitinL> I¥¢s Partner mttiing Prole%sional ltis PurLha%i(t *rviL* I..qLJipmLni Mis¢illan¥OUS 45.550 60.054 58 139.281 3.29Y 778 76.582 13.272 353 132.416 72.141 194,273 79.046 1.677 376.199 5.720 189 62,4tA) 1.077 42.042 24.983 461.177 5.941 19 75.036 100.797 5.555 473.212 5.941 717 6.480 698 249.718 74.849 714.743 77.696 1.235.161 hiifL' l)I'%upport c()slS Is¢¢ 3.210 3.210 3.210 3.210 3.21 l(F.Q50 252.9?8 78.059 717.953 80.90fi 1.251.211 Analysis by fund Ilnri%ifiLlid lund%- blL'nLTal R¥stri¢l¢d lunds 149.701 103.227 28.989 49.n70 2.(￿2 20.638 IIN).7?7 39.753 241.683 41.153 1.009.528 252.1)28 7¥.D59 717.953 121.365 pag¢21 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 Support costs Support Goi'trnxDtt C05t5 costs 2023 Support Governance cost5 Costs 2022 Auditors r¢mun¢Mtion- audil fL*'S otrice c0515 Pavroll and oiher professional lees In5uranL¢ l)IhLr orKraiional COSL Bank li¢s artd ltir¢ign ¢xchang¢ I'ariances 11.880 3.153 11,880 3.153 21).160 7.526 20.160 7.526 925 2.261 19.130 925 2.261 19.130 915 2.667 9.841 Y15 2.667 2.235 2.235 125.0591 125.0591 39.584 39.584 16.050 16.050 Analy.K.d ￿￿t￿¢¢n haritdbli aLIiviiiLs 39.584 39.584 10.05 CJovLrnunLX l()sL8 inLludLS ￿)MLni5 ￿ ihL' audiiorsof£i1.88012022- £11.8801 for audii fcLs. Trusltts Non¢ ol'th¢ Irusw'¥S lor tynv p¢N)ns ¢onn¥rl¥d iiith Ih¢ml r¢¢¢iv¢d anv r¢MunLT￿10n or iK'nilits from th¢ ¢haril>" during the year. Employees Thc avlrage monthl) numtrKr ofcmploytts during the year ￿.￿= 2023 Number 2022 Number Key Tnanag¢tn¢nt trrsonn¢l ar¢ consid¢r¢d io ir the trusl¢¢s and John ICEOI. "I'h¢ numb¢r of ¢mployffs w'ho￿ artnual Tvmuneralim MO￿ than £￿.0[KI 15 as follows.. 2023 Numbtr 2022 Number £60,000 10 £70.( Taxation The charity is ¢xemw from on incom¢ and gains falling i%iihirb seciion 505 of Ihe Taxes Act 1988 or sectioll 252 of th¢"laxation ol-('haTg¢able Gain5 Act 199? to the eitent that these 3rr applied w its ¢haTitsbl¢ objects. pag¢ 22 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 10 Debtors 2023 2022 Amounts falling dut within one year: Prepayments and accrued income 35.410 2.894 Crediiors: amounts falling dut within one )'ear 2023 2022 Notes D¢l¢rr¢J in¢om¢ .1 rude Lr¢diiors AeLfuiils k)nd delerr¢d in¢om¢ 12 2.067 13.323 11.880 25.203 37.451 Def¢rr¢d in¢ome 2023 2022 ()Ih¢r d¥lirr¢d inmm¢ 2.1167 D¢l¢rrcd income is in¢lU￿d in ihe finan¢ial *ot¢m¢nts &$ folloM"$'. 2023 2022 DefLrr¢d income is included *"iihin.' Currlnt liabiliti¢s 2.067 Moi'¢ments in th¢ %'¢ar.' Delirrld iiicome ai l Januar> 2023 RelL&iL'd fr()m preTrii>us periud Resources d¢f¢rred in lh¢ vear 2.067 12.0671 269.499 12h9.4991 2.067 D¢f¢rrd incorne at 31 D¢r¢mb¢r 2023 2.U67 13 Retirement bentfit schemes The charity operaies a defined coniribuiion ￿nSIOn scheme for all qualify.ing einploNees. The &8set5 of the scheme are held 5epaTat¢l)' trotn lh(1￿ of the rharitv in an independenil)" adminimered fund. pag¢ 23 THE ELEPHAINT PROTECTION INITIATIVE FOUNDATIOIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 14 Restricted funds The incom¢ funds of ihe charity include TeAricied lurmts c(Mnprising ihe (ollow'ing u￿%￿nded balances of donations and gTanL4 h¢ld on illLsI for %￿rifiC PUT￿￿5.. Movtmtnt in fund5 In¢tsvJbimZ Moverncnt in fund5 IJ*l*i¢t *t I 2(122 IAD¢tAI txwDdtd l JID*#n 21l2J txpendod JI l)(*omber 2V23 t)ar%kin Capability and Lapaciiy 72.635 146.0131 26.622 8.713 14.252 18.7151 716 16YO.156 194.5621 6YO.156 194.562 427.741 220.113 14?7.7411 1201.9981 I)F.F'RA1147 I)I.'I,'RA 058 13.890 13.337 113.3371 8.588 8.588 18.5881 IIL￿17¥1 is ￿ folkbws. 2023 2022 Aggr¥gai4 11)mp¢nsaiio 112.722 l)uriDb thi >¢ur. t￿. Q-haril) wc¢iv¥d £Nil 12022. £26.530I froin 'lusk. lTh¢ C-hairmath of 'lu%k i4 a tTu4wL pl. l.'l>ll. I'lii ('hJrili u1%4) fiixiv¢d £220.113 12022.. £194.5021 t￿M ConK'rn'alion Ini¥malional ILII. Th¢ Lhi¥fLx¥¢uli%'4 1)11ir¢ ol'c'l 'I'hLts' i¥LrL' furtlk'r rL'laiLd pdrt>" tran*￿tIonS in t￿ )"Lar thai re4uifL' dihclosurL' (2022- £Nill. 17 C.A5h g¢ntr*ted from optratiti115 2023 2022 rJ¢li£il for ¢he y¢ar 125.4801 135.7921 Mov¢Tn¢nts in working capital.. IlnirLasL VdLLfLaSL in dLbioTS 11)¢crea5ellincre&s¢ in rreditQT5 ID¢cr¢asel in deferred incom¢ 132.5161 36.193 17.28.3 1267.4321 12.0671 CHsh absorbed by oper*tlOllS 170.2441 1249.7481 18 Analy51$ of changes in nei Thc ihariiN had iio durijig IIK Icar. 19 Non-audit services provided b) 8uditor In common wilh mart) orEanj&itLons of our size and na(we our audiLor h) assisi with thc prcparniion of the rinancial sthitmtnis. pag¢ 25