**Charity number: 1187193**
## **CARE FOR WILD RHINO SANCTUARY (UK)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **CARE FOR WILD RHINO SANCTUARY (UK)**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5 - 6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9 - 16|
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
|**Trustees**|C C de Bruno Austin (appointed 3 January 2020)|
|---|---|
||W T Barber (appointed 3 January 2020)|
||D J Lawrence (appointed 3 January 2020)|
||P E Nieuwoudt (appointed 3 January 2020)|
|**Charity registered**
**number**
1187193
**Principal office**
37 Thornton Court
Girton
Cambridge
CB3 0NS
**Independent examiner**
C P J Dougherty, FCA
Lakin Rose Limited
Chartered Accountants
Pioneer House
Vision Park
Histon
Cambridge
CB24 9NL
**Bankers**
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ||
Page 1
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **TRUSTEES' REPORT FOR THE PERIOD ENDED 28 FEBRUARY 2021**
The Trustees present their annual report together with the financial statements of Care for Wild Rhino Sanctuary (UK) for the period 3 January 2020 to 28 February 2021.
## **Objectives and activities**
## **a. Policies and objectives**
Care for Wild Rhino Sanctuary was registered on 3rd January 2020 to advance awareness of the issues threatening species facing extinction globally, with initial focus on the global rhino population, and making grants to help protect the rhino population for future generations. Particular emphasis is on the rescue, care and rehabilitation of juvenile and adult rhinos in Southern Africa requiring such care as a result of poaching or other threats.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
The charity achieves these objectives through the raising of funds for the provision of grants. Fundraising has been achieved via personal and corporate donations, fundraising events and the sublicensing of the Care for Wild brand in order to earn royalties. In addition, the charity is engaged in publicising the plight of the rhino species through the use of presentations, social media and other means.
## **Achievements and performance**
## **a. Main achievements of the Charity**
During the reporting period the charity has arranged a highly-successful golf day and auction which, together with donations from individuals and trusts has enabled it to provide grants to the primary beneficiary. These have enabled Care for Wild Rhino Sanctuary NPC to fund its security operations for a full year as well as the care and rehabilitation of individual rhinos.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
At the end of the reporting period the charity had available funds of £113,105.
At the date of this report the charity does not have a policy for holding reserves. This policy reflects the fact that the charity has no ongoing liabilities that would require payment.
Page 2
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **Structure, governance and management**
## **a. Constitution**
Care for Wild Rhino Sanctuary (UK) is registered in England & Wales under charity number 1187193. The registered address is 37 Thornton Court, Girton, Cambridge, CB3 0NS.
The charity is incorporated as a Charitable Incorporated Organisation
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Governing Document.
The trustees at registration and on the date of this report are William Barber, David Lawrence, Petronella Nieuwoudt and Christopher Austin. Unless otherwise provided for in the Governing Document trustees are appointed for a term of three years, after which they may put themselves forward for re-appointment. The Governing Document provides for a minimum of three trustees.
The selection of individuals for appointment as charity trustees will have regards to the skills, knowledge and experience appropriate to the needs of the charity.
## **c. Organisational structure and decision-making policies**
At regular trustees’ meetings, the trustees agree the broad strategy and areas of activity for the Charity, including consideration of grant making, reserves, risk management and fundraising strategies. The day to day administration of grants and the processing and handling of applications prior to consideration by the trustees is delegated to the UK-based trustees.
All trustees give of their time freely and no trustee remuneration was paid during the period. Details of trustee expenses are disclosed in note 10 to the accounts. Trustees are required to disclose all relevant interests and register them with the board of trustees and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises.
## **d. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 3
CARE FOR WILD RHINO SANCTUARY IUKI
TRUSTEES. REPORT ICONTINUEDI
FOR THE PERIOD ENDED 28 FEBRUARY 2021
Statement of Trustees, responsibilitses
The Trust*s a responsib for preparing the Trustees, reFQrt and the financial statements in accordance with
applicab Lw and Unrted Kingdom Accountin9 Standards IUnite(l Kingdom Generdly Accepted Accounting
Practicel_
The law applrcable to charitses in England & Wales requires the Trustees to prepare financial statements for
each financial period which gNe a trve and fair view of the stale of affairs of the Charity and of ils incoming
resources and applution of resources. including ils inC)e and expenditure. for that per%)d. In preparing these
financial statements. the Trustee5 are required to_.
sdect suitable accounting policEs and then appty them consistenttr,
observe the methojs and principles ol the Char[tS SORP IFRS 1021",
make judgments and accounbng estimates that are reasonable and prudent".
stale whether applicable UK Accounting Standards IFRS 1021 have been foll¢Md, subject to any malerial
departures disclosed and explainaj in the financial statements..
prepare the financial statements on the going concem basi5 unless i£ is inappropriate to presume that the
Charty will continue in business.
The Trustees are responsible for keeping adequate accounting records that are SufF]ent lo show and explain
the Charitls transacttons and disclose wtth reasonable accuracy al any time the financial FX)sition of the Charty
and ènabEe them to ensure that the financkal statements comply vthh the Charities AGt 2011, the Charty
(Accounts and Reports) Regulations 2008 and the provIsn5 of the Trust deed. They are also responsible for
safeguarding the assets of the Charty and hence for taking reasonable steps for the prevention and detection of
fraud and other IegUlarrties_
Approved by order of Ihe members of the board of Trustees on 24 December 2021 and signed on their behalf
by:
W T Barber
Trustee
Page 4
## **CARE FOR WILD RHINO SANCTUARY (UK)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **Independent Examiner's Report to the Trustees of Care for Wild Rhino Sanctuary (UK) ('the Charity')**
We report to the charity Trustees on our examination of the accounts of the Charity for the period ended 28 February 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
We report in respect of our examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us 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 2011 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.
We 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 accounts to be reached.
Page 5
## **CARE FOR WILD RHINO SANCTUARY (UK)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE PERIOD ENDED 28 FEBRUARY 2021**
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for this report.
Signed: Dated: 29 December 2021
**C P J Dougherty, FCA Lakin Rose Limited** Chartered Accountants Pioneer House Vision Park Histon Cambridge CB24 9NL
Page 6
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 28 FEBRUARY 2021**
|**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2021**
**£**
**362,836**
**-**
**362,836**
**-**
**283,981**
**283,981**
**78,855**
**78,855**
**78,855**|**Unrestricted**
**funds**
**2021**
**£**
**20,641**
**102,272**
**122,913**
**37,290**
**74,833**
**112,123**
**10,790**
**10,790**
**10,790**|**Total**
**funds**
**2021**
**£**
**383,477**
**102,272**|
|---|---|---|---|
||||**485,749**|
||||**37,290**
**358,814**|
||||**396,104**|
||||**89,645**|
||||**89,645**|
||||**89,645**|
The Statement of Financial Activities includes all gains and losses recognised in the period.
The notes on pages 9 to 16 form part of these financial statements.
Page 7
CARE FOR WILD RHINO SANCTUARY (UK)
BALANCE SHEET
AS AT 28 FEBRUARY 2021
2021
Fixed assets
Tangible assets
173
173
Current assets
Debtors
Cash al bank and in hand
12
46.487
114,322
160,809
Credrtors.. amounts falling due within one year
13
171,3371
Net current assets
89,472
Totsl asset5 less current liablllties
89.64S
Totsl net ass•ts
89.645
Charity fijnds
Restrict funds
Unrestricted funds
14
14
78.855
10.790
Total funds
89.645
The financial statements weie approved and authorised for issue by the Trustees on 24 December 2021 and
signed on their behalf by.
W T Barber
Trustee
The notes on pages 9 10 16 foryn part of these financk81 statements.
Page 8
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **1. General information**
The Charity is a charitable incorporated organisation. The address of the registered office is 37 Thornton Court, Girton, Cambridge, CB3 0NS.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Care for Wild Rhino Sanctuary (UK) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Page 9
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Computer equipment - 33% straight line
## **2.5 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
## **2.6 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 10
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **2. Accounting policies (continued)**
## **2.7 Fund accounting**
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.
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 costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Income from donations and legacies**
||**Restricted**|**Unrestricted**|**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**2021**|**2021**|**2021**|
||**£**|**£**|**£**|
|Donations|362,836|20,641|**383,477**|
## **4. Income from other trading activities**
**Income from fundraising events**
|**Unrestricted**
**funds**
**2021**
**£**
Fundraising
100,590
**Income from non charitable trading activities**
**Unrestricted**
**funds**
**2021**
**£**
Royalties and commissions received
1,682|**Total**
**funds**
**2021**
**£**
**100,590**|
|---|---|
||**Total**
**funds**
**2021**
**£**
**1,682**|
Page 11
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **5. Expenditure on raising funds**
## **Costs of raising voluntary income**
|**Unrestricted**
**funds**
**2021**
**£**
Fundraising events expenditure
15,533
Fundraising consultancy
21,757
**Total 2021**
37,290|**Total**
**funds**
**2021**
**£**
**15,533**
**21,757**|
|---|---|
||**37,290**|
## **6. Analysis of grants**
||**Grants to**|**Total**|
|---|---|---|
||**Institutions**|**funds**|
||**2021**|**2021**|
||**£**|**£**|
|Care for Wild Rhino Sanctuary|351,936|**351,936**|
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
||**Restricted**|**Unrestricted**|**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**2021**|**2021**|**2021**|
||**£**|**£**|**£**|
|Charitable activities|283,981|74,833|**358,814**|
Page 12
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **8. Analysis of expenditure by activities**
||**Grant**|||
|---|---|---|---|
||**funding of**|**Support**|**Total**|
||**activities**|**costs**|**funds**|
||**2021**|**2021**|**2021**|
||**£**|**£**|**£**|
|Charitable activities|351,936|6,878|**358,814**|
## **Analysis of support costs**
|Telephone and internet
Computer costs
Travel and subsistence
Rent
General office expenses
Postage and carriage
Gifts and entertaining
Insurance
Bank charges
Depreciation
Governance costs|**Charitable**
**activities**
**2021**
**£**
500
227
1,741
461
77
20
775
513
136
28
2,400
6,878|**Total**
**funds**
**2021**
**£**
**500**
**227**
**1,741**
**461**
**77**
**20**
**775**
**513**
**136**
**28**
**2,400**|
|---|---|---|
|||**6,878**|
## **9. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,200 and accountancy services of £1,200.
## **10. Trustees' remuneration and expenses**
During the period, no Trustees received any remuneration or other benefits.
During the period ended 28 February 2021, expenses totalling _£_ 1,608 were reimbursed or paid directly to 2 Trustees. This comprises of _£1,608_ for travel expenses.
Page 13
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
|**11.**
**Tangible fixed assets**
**Cost or valuation**
Additions
At 28 February 2021
**Depreciation**
Charge for the period
At 28 February 2021
**Net book value**
At 28 February 2021
**12.**
**Debtors**
**Due within one year**
Trade debtors
Prepayments and accrued income
**13.**
**Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Computer**
**equipment**
**£**
**201**|
|---|---|
||**201**|
||**28**|
||**28**|
||**173**|
||**2021**
**£**
**30,519**
**15,968**
**46,487**
**2021**
**£**
**6,813**
**64,524**
**71,337**|
Page 14
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **14. Statement of funds**
## **Statement of funds - current period**
|**Unrestricted funds**
General Funds
**Restricted funds**
Care for Wild Rhino Sanctuary Security Fund
Blankets for Baby Rhinos Fund
Individual Rhino Support Fund
**Total of funds**|**Income**
**£**
**122,913**
**340,276**
**2,560**
**20,000**
**362,836**
**485,749**|**Expenditure**
**£**
**(112,123)**
**(272,221)**
**(1,760)**
**(10,000)**
**(283,981)**
**(396,104)**|**Balance at**
**28 February**
**2021**
**£**
**10,790**|
|---|---|---|---|
||||**68,055**
**800**
**10,000**|
||||**78,855**|
||||**89,645**|
Care for Wild Rhino Sanctuary Security Fund - Represents a donation for the purpose of funding security arrangements at the rhino sanctuary.
Blankets for Baby Rhinos Fund - Represents donations towards the care of rhinos.
Individual Rhino Support Fund - Represents donations towards the care of specific rhinos.
## **15. Summary of funds**
## **Summary of funds - current period**
|General funds
Restricted funds|**Income**
**£**
**122,913**
**362,836**
**485,749**|**Expenditure**
**£**
**(112,123)**
**(283,981)**
**(396,104)**|**Balance at**
**28 February**
**2021**
**£**
**10,790**
**78,855**|
|---|---|---|---|
||||**89,645**|
Page 15
**CARE FOR WILD RHINO SANCTUARY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 FEBRUARY 2021**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
-
173
78,855
81,954
-
(71,337)
78,855
10,790|**Total**
**funds**
**2021**
**£**
**173**
**160,809**
**(71,337)**
**89,645**|
|---|---|---|
Page 16