Charity registr4tion number- 1190168 LION LANDSCAPES ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2025
Llon Landscap&6 Pgrfod EThJ8d 31 Decemb8r 2025 Referentx and Athntstrthe Dèta18 Truste&s' ReFKYi 4t013 IndeperKlent Examiner5 RpFN)rt 14 Statement of FIrlal Athbes 15 Balance Sheet 16 Statsmnl ofcash QwS 17 Notes to the A(tounts 18É026
Licfi Landscapes PeriTrJ EThJèd 31 Dec8mtw 2025 Rofar8neo and Admlnl$tr4tlve Detalls Tru$l•es PositK)n hpwnted Reswjned Dr. D W Macdonald B A C Mayhew Prof. A G Hart TNsle8 Twsleo Tmsleo 14 4YTI 2020 3 October 2024 3 Odober 2024 ¢har5ty Raglstratlon Nlr 1190168 Prlnclpal address Hlghdiffg New Road Teignrnouth Devon TQ14 8UL Independert Exèmlner Gary Randall Prydis Accounts Llmited Clysl House Manor Drivo Clysl St. Mary Exeter EX5 1GB
TnMt•. Annual R•portfor th• perfod from l May 2025 to 31 Decenknr 2025 Charity namg.. Uon LandscaFQS Charity RwJistration Thjmbtsr. 1190168 The Trust of Lion Landscapes presentthdrannual rekKJrtttsJetherwth the ffin8nclal stat8ments of the grlty for thè period ¢nded 31 December 2025 and r>rfimi thcy )mplY th8 rèqthremgnts of the ChaTities Act 2Q11, the Con8btyJtson for a chaii18bk In¢pOrat9 organ158ti the ChaTitlas SORP IFRS 102}. The tx)3rd oftsust8es are satlsfied the perfmn(% of th8 drity durfng th8 rtod, and the pt>siUc ol the tharfty M 31 Decembei 2025. arKI cx)nsidgrs that th• Charity is In a 51roThJ position lo conlnue ts adi%Alles durf mIng year and th8t lh8 tharitys asts are adequats to fu1 its ONlgab'1S. 1. Chang• of Flnanclal Yw and Compafdblllty Duriny the peri(Kl. the Twstees resolved to changè the charfty's financial ye8r end from 30 April to 31 DècSmb. Thlg ehary has be8n made to bettw with don(x reporfng and grant Thanagement perhjds. Ardgty, these ffinancial ststements cover Ihg ¢NJht-month pgfKKI from 1 May to 31 Decembèr 2025. The comparative figures relats to the tw81Vm)n1h period ended 30 April 2025, and usars ofthg actounts should n(Ae that the results we therèfore not dlrecty ccThpaw3ble. I Structure and Relatlonshlp$ Llon Lantscapes 15 a UK-regbSter&J Charitable IrKoTF¥XOted OanISat)n ICIOI whlch undortakes hs advities both éiTecty and rdalonshlFtswHh affll8ted oyganlsations oYeT8&9S. In Kenya the ¢harityoperate8 throW alocalty regiSteredbranL. Thls bran¢hfornis part oflhe UKcharfty leg81 and firian¢ial reporb"w puryxxses, and Its adivities. assets and li8billties ar8 incbjded within these fin8n¢i81 sialem¢nts. Following the charitys tran$Mon to 8 CIO slrucbjre in Ihe UK. tha histOTK brarh reglstration in Ky8 no longer fully aligns with the UK leg81 structure. The Trustees a in the proc888 of wularislng Ihi8 positiort through the $staNishment ol a now. IcThily Ste irn18pendent entity in Kenya, fio lch programme actl*ilie8 ar8 experA¥d to tr8nsitlon. In Tan[$, Li LarKiscape8 in ParIneip an lThJependendy roglstered non%ovemmental organisation INGO). This organisation has its own logal Njenuty. 9Jvemance 8trucbJre and Boaryj of Tru8ieg5. and 1$ notcontrolled by Lion Landscapes. The UK Char provldes grdnl aTrJ trthCal 8utport to th8 Tanzanla organisauon in fijrtherance of align charitabl8 0tiveS. Fundlng is g0vemj by granl awments, and Ihe UK charlty does not ex8T(xse ntrol over the day-t04tsy opwakns of Ihe Tanz8nl8 entity. The Twstees o)nsKJer Ihal this stru¢ture SUkHts eff8¢bv8 Iwal delry vthile malntaining opproprlate oversight of the us& of charftable funds. 3. Oblecllv8s and Activltl¢s Llon Landscapgs rat$S Krding lo the Con8b'bJth for a CIO. In setting ourobjectives and planning r actieS our Tws¢8es havo carefvl C(msideth)n to th8 Charity Commission's public benefflt gUIda.
This Trusts&s' Report provths a summary ofthe tharity's acllvtties and perf)d for th8 In Ilnè wlth statutory reporting requiremènts. A nN)re detalled revivw ofprTrJramme delivary and impact Is set out in Ihe charity's sèparate 2025 Impact Repcrt Thè Objectives of Lion Landscap&s are to proTh)te for the b81 of tha put4tc thè lservath)n and [Kot8CU( of wnd ¢amivores, their prèy, and their natur habitaL in particular by protecting and Improvlng Ihe 1lveliho1S of people shadng the larKl8cape th k1 mOre$ 8rHI thelr prey and buiPJlng th8 capacity of lll-county organlsauons. woA&cts and pewe wtK) do, or may, infJuen¢e the eA)nservation of wlld camivor8s, lhr pr9y and thelrnalural habitat. to bttUle the achl&vement ofthis purposo. proach and Progran¥nes We believe that posilfve value lor kIllfe is dov8bped thr(MJgh thr88 interrelatsd areas of actEr)n, whl¢h doflne ou.. pillars of woth- St¢y the I$. Preventfurthwwikjlrfe and habitat Joss, Securing the foundalK)n of IOd1veIty. 2. Reducg the cost. Reduce the burden of livir4J vAth tamlvores, eS[eja1ty whgre il throalens lives or livelihoods. 3. Increas8 the ben•flts'. Incygaso Ihe beneffts ofcc6xistsng wlh wldllfè in ways that communities themsefves pritse. Our progrdmmes are all designed to pEAVE one or more oflhase pillars. The maln programmos and activities in operatton (Juring thè perfcrfl are des¢xltd bekw. Fortffied Livgslock knlosures - aims to improve protecllon of lfvesiock through of fortiflad en(Josures. In Kenya we do demonstratk)ns how to build vire-mesh enclosur&s and then Supp the IranstMNt ol materials and ¢X)nstruc1K. In Tanzania, all the materials aw purchased In bulk by Lion Landscapes and mawe Ihe Ix>nstructlon of the gncbsure$. a wlrv enclosufe is not ad¢quale. we also suppty'knon Lights- as a dèterrent to predatc& Collaring for Cwstenca-tjS Io glv8 livesto( own8ts acc8SSto rgal4m8 lon movem1 data from lkns that have killed INeslock In the pa< alkn9 livestock owners to make In1ed declsions r8g8rding wh9re Ihey graze Ihetr Iwesiock that reducè th8 loss of livesiock to Ilor. Communlty Liaisons our o)mmunity-b8¥ed LI Extensk)n Officer3 (LEOS) support Ihelr communities to irnplement PTedat(ypryf livestock husbandry praCtIs, and also rèspond qulckly to rap(¥ts of livèstock Fwe(latvJn. mltigatiro retslvatory lI[[J. Wh&n poisonlng events do occur, LEOS am Irained lo respo1 aThJ rninimisè negativg irnpacts on wlldlrfe, w)ple and livestock. LTron Defendws have a 8lmlLv ro lo the LEOS bul aL80 hKYk to prevent lion hunts for cultur81 reasons. Community Camerd Trapping ICCTI - CCT+ is our flagship pr(*Jrarn for unlocklng benefits a&CIatl with co0sting wlh wildlifè. This pwramm& a¢Aively links verified wildlife pres¢nce {from communily-b8s8d Gamera traps and cdlar dalal and vtrrffied [sive conservatn actions to tangib benefits such as healthcarè, veterinary car8, educati( and infrastructure developwnertL These exchanges of benafils for cons8rvation wlcomgs are gtsvem&d by conservation agreements. (XF devebped by Landscapes and the communrtieswework wlth. Scholarshlp3 - the Simba SdKlarship progtamme SUPFrfs the TrNghestwaltyng pagtorallsl chlldren In thè Ruaha landscape in Tanztha through four years ofseo)ndary educatton. covering lullon fee. accommodation, t(n)ks. unifoTh. 8nd transport. Each yéar. eightsludentsaTP se16Cted through a scholarship exam, wlh places tuallY btrtween glts and boys, and a deliberate fo¢us on the Barabalg, Maasai and Sukurna. hi$tori¢xNy uNleTrer¥ted YupS In the region. School Fe&dlng - provides fortlfied wxrKlg8 lo [Mary sch(KJl child in cc¥nmunibes living alwsiile wildlrfe, maknng a reliable daily meal a direct ben8fJt of CC$[VatIon. In the three sthools wher8 11 operal88. att&ar. nulribon, and national exam p8rfomiance hav& all improved as a r&su Llon Friendly vestrk - this programme B) Kenya L% a ¢xAlaboratk)n between Llon Lan(L%capBs and livestock producers lo develop a Lh)n Friendty cerlffKatMin, verify that Standards are belng
reathed, and a150 help supwrt ti¥le$ in th& landpe Ihot improve rangeknd w8nerallon. • Bh)divétsity Credrts-we are w(Wng th partners al Oxford unfvertS WildCRU, Natural State, and the Trans Kalahari Prgdator Pr(4ect to develop blodivorsily creilli mechanisms that generate revenue Wed d1Ctty to Vèrif conservation impacL usirKJ IMS as a flagship speaes. The goal is lo rnakèln. biodN8rse e(x)systsms ffinanci8lly valuable tothè u)mmunili8s and govèmments res[K)nble far protscting Ihw. 8hiftiThJ (Thseryatim from a cost to be bome into an asset to bg invgsted in. Rangoland Regeneration - we have Bornna and Lo198ba Cons8rvancles. Ilalyanat commuruty. True Rar¥Je and muknple olher pknTS in iAikipia (Kenyax to 9Stabli5h three rangeland reggneration demcffistrat plots that illustrate the potentlal of regenerae agrilture. 'Mob' livostod(gMzng, fjre largbcomblned hgrdsarn moved across th9 landscape in a way that mimScs a nAIuTal mlgrab¢J), MniseS grass growth. incr&Bses paslorallst herd resllience lo drought and predaoon, whllst aL80 Supporti mre wld py. Wildlife Clubs and School WIsTts - eThJ str¥l8ntS in secondary schools in CronMental onservation actlvibes in Iheir ncffflal sch)(A Jk. Th? pramme works through a traInIthe-tralns model targeting the lethrs. wi1Jre Film S1KNngs - fikn nKJhts held al cthmnunity rEntw or remote householdg help to engage communth&s through the wcyection of wikllife doujmentsries and givg infonmalion on pratOr-prOOf Iiv95toc husbandry aNI thè human aNI 1vestk h8dth risks of migjsing PEy5sonB to kill kIllf8. • Pastoralist Dance Events- In Tanzania. cmUnIty darK85 are an knportant part of Ial Iradltion, marking key celebrations and CereMEs. In tha Ruaha and Selous-NyererÈ Landscapes, we have developed pastor1 dance events that these gatheriThJs as piatForTns for cOnseation dialoguewith 0)nuntes. Park Trips - gfve community rnernbers OPFOrturyty to wisil thg protecaod areas nèarby and enloy wsldlife in a non4hreatening way. Selous Carnivore Cup- thiy foobJl trnament in Tanzan18 was L¥yanistsd by Lion Land5c4pes In collaboration with Rufijl Town Councll. aimedto raise avrdrentsss ofwildfrfe nSarVatiOn among villag95 surrouThJlng Nyarwè Nabonal Park. Boma Domonstralions- ourteams njn tified litOCk&ncl0UTÈ Ibomal demonstrations at local market days. These dem( a an effective way to reach large numbers of community memtrs in a single visit. The generate strong Intet, 3tt8ndees asknng pract7 que8tk)ns about Who to source wre. costs, and Slfitions. Poison Awareness TrainiTVJ our POIS( Awaren&ss Training programme is de1[veI by commurty-based fiaisons wh) raise nesS ol the human and envIrOnrntaI dangers of polson use, bulld rapid response iapwity, and wactk21 altèmatives for managing 11veslck predation. Our liaisons also work dllY wlth INestock ownèrs to Yetrieve and safety dispose of polson&l farcasses to ensure we Ixeak th8 caln of ham) and Ilmit eXFure. Llon Ranger Pr(NJramme - Thè L Ranger Projramme works lo tsin ngerS across th8 landscape lo pvent or reSpd qulckty and effeth8ly to in(adents of humanrre confllcL lollowlng agreed besl practi for Ilon CAMseNatitsn. coeStence and ProteL*on ICoPro) Trakning- broadens tke reach of c1 LSon Rangertralning lo offerthe sam8 comwehengi¥e. adaptable trainlrrfJ. d8gd to reducg human wldlif8 wnflid and effecbvdy pr8venl or mrbg8te vildllf8 pwgning, to nonarangers. Wg beli8v8 that empowéring I communfaes and C(wThat1 parts)ers lh8 right krvI&se and skilL8 is essential for effe¢twe conservatlon arnl the w811 being of both rwie aThJ wildlife. EIJal Survey and Mon1j TrainiTrJ- our[esCh teams workwhh goY8mm6ntand NGO partners to provKJe training C various sdentifie methk43b8$, and shBre rewlts 1M our rese&ch to infom) 1x)nserVat athon.
Mentorship- take8 the fomi of suptM)rting olher projects to d8velop. implem8nl andlor evaluato fiold progrdrnmes, or guidance arNJ training on sperific thhnical or wolect manwJomenl exrtIse. By helping othor3 lo leam from mistskès, bjild their (ap8city lo addws Ihreats to larg8 carnivores and stretW)en their camNore conservation impacts, or mplY dw8lop as a projpct, we hope to make a drfference beyond ourdirect cwrational areas. oro8ide these progr8mmos Lion Land5cap88 akn anyages in Resoarch, both Intemalty and through partnershlps wilh M8sler8 and Doctorate sludents. Ecobgkal Monitoring act4vilies. incIling the use of large-scale camgra trap surveys to gafher kgy Informatbon c cami¥or8 KK)pulation stalijs and trends. A More detailed account of thw pri¥Jrammes and athitles, and Iheir impac( 1$ promded in th8 charfty'8 2025 Impad Ropx)rt. 32. Areas of Opgratlon on Landscapes rren(ty operates in thraè landsCB3 awss Kenya and Tanzaftia. The majority of our prograrnmes run In each of landscapgs. somè Al v8rtations ¥there n8C88sary. 32.1.Kgnya IL4iklpla Lands¢apel Lalknpia is a crfiical cOnSeall( area. rne to Kenya's third-largest Ilon popuLalion as well as endangered sped88 like Afrfcan wld dogs a1 ¢ritically endangered vumures. However. tha area's blOd0r6lfy and ecosystèm health are under Ihreat due to high levels of humanJAldlrfe confllct and unsustatnable land pwactlc8s, parti(>Jlarly UrS1&nab18 liveslock F¥oducknn and grazing In traditn81 p88loral areas. wlM( leads to rdngdand dggradation. Thg primary sourcè of hum8n- wikllife confTict in Laiknpia is livèslrtk predabon by lar cam1v0$. whith 18 exaeert)ated by r4ngetand d8gradatlon and loss of k1 prey. For pastoralist communities that depgnd on Iivostock for I1r livelihwds. the eciHN)mic impact of Irveslctk wedation losses Ix severe. In respon$e, retaliatory actions. such as wsoning or snaring. are somelimes 8mplDyed, whlch can hav devastating ecokjgical consequ&n¢%s bey¢JJ targeted predators. Poisoniry incldents. for instBnc8, also affed scavenger specbès Ske wlturos, whose populions are almdy tiCallY h)w. The projectW8$ established as Lan&sS in 2015, based on WeoUS workcarrièd oul slnc8 2003 und8r the name Livlng Wth LK)ns. Laylscapes has approximatety 30 employeos workillg in Kenya. dl ofbyhom are African. and moslofwhom are frorn local communilies in Larkia. Durfng thè period w8 have continugj addressirwj tlw tssues thrwgh a 8eri8s of knots'ab&S that 8rrfJag8d 14 communiues as well #5 15 prlvale C$•rvaTW. Lalklpla Athlevements.. Key achlevements in Laikjpk? during th& pericJ inckjded.. 1.045 ()mmunity memlM3 gained fihand knOer of Ilvesto( wolection thTough Ilve fortified wire boma d&monstralS0Th9 68 wlre bomas instg11gd Ovor USD 18.000 benefits dktrlbubj thrvugh CCT+ prcyjrnmmes 20 lions collar6d, slrengthenlng tfacking and data collertion effcv 3 rangeland reggneration deTrStratiOn Ots of 200 acres contlnued to be managed by ¢x)rnrnunlty p8thers CoPro Icoexi8tence and Ptectl trdinirrfJ delvered lo 238 peoplè, equipplng rangers, herdtrrs, liYestoc sup8Msors, and olher r¥)n-ranger personnel with the practl¢al skills 8nd knowknlge needed to reduce conflkt and prowK)te Coexiste across landscapes Key Individuals in 10 ¢onsetvancb8s PToviW onthiob instruckn on survey mera management andlw lion colL4rfng Further deto11 on those and other ach&Mnts is wovlded in the 2025 Impa(1 Report.
32.2.Tanz4nla 1Rungwu#ha •NI se1041YerO1 Landscap•s) on LandSCaS Is klSl M IwY> critic8ty impKll( vast ndsCapeS in southem Tanzanla: Runw-Ruaha and SeicyJs-Nyerere. Thèse landwpes i[KIe the Iwo large51 National Parks in EaslAfrica. aswell as Gam Reserves and hurnan4ominat8d larKJ. They suppx)rtt%vo ofthe LArge5t rèmaining IK)n populations and are stroryholds for mary other SpeCs. Daspi18 1 knternalional signTrlwice of thèse landscw, Ilw have red very Ilthe (x)nservation or resew¢h attenl'on. There Is Int8nse humamamth corfflirt in these landsc48s. leading to very high rates Of1d11[e killlng. Key threats are r8tdiatory arHI preverrtative killing to proteGI stocK and cultural Ilon killing for prestige and unrAanned larKI CYSK)n. whi( Increases pre5surp on wildlrfe and re8ult8nl corfflicL The Project was estsblished in Ruaha In 2Crt)9 arNJ expand8d lo Sekws In 2020. In both cases, the first dedicated m1VOr8 researth & conservauon wojget in these key landscapes. Llon Landsca has approximately 60 employw% workirvJ Sn Tarbzania. all butone ofvknom are Afr4cAn. along with 8 furlher approximatdy 20 1rnI1duaLs engad fr knal communittes to support our programmes. In Ru8ha. LI LAndscape3 has continugj lowt)rk wilh 13vlllaJes IKJnlernvJ Ru8ha Nat¥)nal Park. iTnplementI a variety ol e£tiOn. mitpjatlon aThJ benefits progrdmmes. Seths, the team h8$ txntinued OFeTrtiry prJraMme$ acrrkss 11 villag8s and gxpanded the CCT+ prouramme to 4 villages lup from 3 in Ihe pmTr)us period). Ruaha and Selous A¢hlevem8nls: Key athlévèments In Ruaha 8nd Sekws during tho peflod indLJed: 23 wrg bomas inslAled 78 tMaS protacted by Ilon Lights" Over USD 48.000 In benefits distri1ta through CCT+ prngramms 13 lions and 4 ild dogs c(Alared, strengttng trackirvj and (¥)fflectK efforts 5 bon hunts prevented by tion Defenders Ruaha Over 46,QOOkm patrolled by Llon Ext Officers aThJ Lb)n Defgnders 39 students 8UPPOrt8d thr(gh Ihg Sirnba Srtrw)lars txtyJrBmme SÈk)us Camivore Cup foolball twmamenl engag&J 36.218 acr059 12 lIages. enabllr th8 Opportunity for me8nlngful conversatby)S aboul cxwistence wlth Lryrge camlvor88 and tsntial fure laratIC Poi80n awarasS trainSThJ delivered to 455 people In Sabjs FUrtIr detall on these and other #chievements Is provid In Ihe 2025 lrnpa(a Re[rt. Innovallv• approache8 to cons¢mkn. The Twslees and Ihe CEOS have the g)al of diversir0 INxsme 51rogms for LI Land8capas aml seeknng innovative approaches to conservation. As an ganisal)n, one of our goals is to improve our finanoal resilien¢8 through dversrfyng our inccme. We sometimes make investments and partngr wilh enleryNi$e acti118s. We may also d8velop enteryse aotiviuès of our v•m in Iho futse, within the bound5 of our charitable stats. Durlng thè 2025 finandal year tion LarKlscapes (¥nllnued &xlsling work thrjgh Lion Carbon, Lion Fiiondty Lbvestod( and InveStrnt In BaoTre8. Uon Carbon LI[ Carb)n is a premium REDDtr offset d8veloped in th &Ocart Partners cp>. Lio LarKlscape8 partneTed ith BCP from ts in¢aal pknt pha8e to develop their Bi(Klfversity monltoring programme and the Lltsn Carbon prc*Jurt has an ongoing agreern8nt with BCP that any ¢r&dts we 8ell wll result in r8e8t¥ing tho I5%18genfs f98 as urwestslcted filIng for our camivorts conservallon advitigs. Whlle Inme from Lion cart Is smal. it Is unrtstrlet•d and therefore ¥duable to our operatk>ns. Inectsma received from 8CP durfng Ih8 peth)d was £23.510. We I11 contirNJo to work to grow thesè sales moving forwards.
Llon Frlgndfy Llvestock Rangeland degrddation and pooragri(xJllural Practi threatsn kAodNerslty. 8mplfy povety by reduclng r8tums on Invesbnenl. and can increase Cmate (ange VLdnerabllKy for local paslorallsl p8opl8. Rangoland dtsgenernlon aso r&Juc8s th8 landscaFe'S alxltty to SUPFrt)rt wld prey, In¢rea$lng Ilvtsslod( predallon and tssultant confll¢t wlth tr&Jilional pastoralists. The L wjn Friendly Livestock ILFLI programm8 woths lo improve the resllience of pasloralist livetihoods 1thIgh enaNlrKJ and Inn1VIsIng moro sustainable Ilvesto¢k product. Whllsl still in its eady stages and )1 yel resulllng In any diwl incom& for LL adlthlies. thLs programme is helpSng lo embed lion (nServation activitS Into sustalnable IIvg8lock production In Laiknpia. and has th8 polenial io generate additional revenue for IlvesloL PruCers. Initially thrcdJgh increased competitfve advantage and In fulure potential for promium priced products, Ilnked lo the presen of healthy Ilon PDpuLItic¥L8. Uon Friendly pr8ctic8s such as hh intenslty {mob} grazlng ha8 a180 demonstrably improved ruelal heath over Ihis period In ar8as Whe It is pr2Ctlsed. Blodlverslty Credlts W8 are Wcng wllh partners at Oxford Universltvs kACRu. Nabjral Stale, and thè Trans Kalahari Prodator Project to dev81ry) bh)divwsity ¢xedil mgthgnisms that gon8rats revenue liod directly to verified nservation imp8cL udng lions as a llagship sp8d8s. The goal is to rnake intacl, Ilodiverse &cosystems flnancially valuaEAe to Ihe communltlos aTKI govemtwts responslble for protecting them, Sh9 rkservalion fr(Mn a lo be bomo into an a5Setto bg investsd in. In 2025 we developgd the Lton Co0stn( Bond ma¢15M to a COptUal stage whore it Is ready to lest vAth investors. This rnechanism has been devdopÉd specificatly for landscapes where people are coexlslng vAlh wildllfe IK)rdertng and linng proteCtj wlife areas. Lion Coexist Bond will help Investors lo pay for pre4elemilned conservation OLrtcom&s, gfve conservation actors on Ihg lands¢xpe fincludlng the local ClMUnIties) the ItKxxne Ihey lo prepare f(x other narO-baSed income streams such Bs trA0dIvety uedits ore a markèt is e5tat1lsh. 4. Investmont We continued wilh our investmGnl in Baolree but Ihere were no conthbutlons. The valuaOon of Baotree al the etyl of this book year. based on an intemal valuallon. was £3.689.779. knon LaN18capes owns 7,389 shares. or 0.52% ofthe company. whth equated lo £19.187. Re8¢>urclng Manag•m•nt Tgam Changg During the p6rtod a number of changes were made to strenytheri aThl grow the rnanagemènl team lo Support planned future oxpansbn of the charity. Thi% indled 8 (xjmptetaty new fundmising and communicats'ons team lo help drive fuiure irKcYrE growth, aswell as key hires to lead consgrvalion slr81egy and Operati(8. Volunte•rs Uon Landscapes has twi forbjnale to r& on a few key volunteers In the past year8. This year Jonl Ove0ch has again been inwdluable in her ro Jpting Senlor leershIp by leadlng a serfe$ of imwrtanl 5trategK projects, In¢knling suprK>rtity on IAndwp8s' Admlnlstration, Fundrdlsing and Cornmunlcalion efforts. She ha$ increased Ir (k)nated time to J) hwrs perw8ék, which has a valu8 of £40,000 this period.
Plans f¢r Future Perlods We are WrrfkI on a new 5 year slratwc pkn Fwlod from 2027 10 2032 and as part of Ihis process are undertaklng a comprehensi¥è review of all of our pmgrnmmes vAth re8pecl to how effèctivety we have achieved the intenilèd jIC09S or whethèr any choTrS arg r8quired. The 8xpan8ion 4)f the Sen1 management team, In 8ddil.on to plned inves1mt in training for local tsams, was planned to supportfubjre expansion wthin existing18ntscapEs into new lands¢8p&s as part of the new strBtegie plan. In the shorter tem, we Ix)ntinue to devebp and expand our wogrammes wthin the esting landscapes indUd1 addition of new villages for CCT+ Iplanniw an add1t10n 2 in Lalk5pla arKI 3 in Sal(K thjrfng 20261. addition ofnew $th0S to our%klI& club wogamme, and expansion of our fortffied boma programmes through investment In LKin Ughts and WI mateiials. In Laikipia we are plannlng for Implomentation of 8 new FNogramme tg adthes5 tha grobvng challeng6 of sxedali>n of camgl herfs and rollout ol a previous pih)ted pgraMM8 to support Ilnanryal Uieracy trdinlng fcKwomen in local L¥Jmwnunhies. AcsIde ihis we tinue to work on innovatNe financial models which coukl help gwerale addtknonal fundirKJ tr conservation and twty uplift l(K21 communities. Flnanelal R•vlew Llon Landscapes remalns e4dy-stage tharity In a grovlth tthase. The Truslaes u)nslder that th8 finandal performancè of the ¢harity durfw Ihe re[ng permxl has been SaSfactory. Rèported income and eXnditurn for the pgrNxl are both than lh& prèwous year due to the shortenod èht-MOnth reFMYting pèrlr¥J fdkFMng the d)aroe in ffinanc4al year end and thèrèfore are nol directly comparab to prioryearffigures. Mdttlonally, S(mr knndsthalwoukl normaty h•v8 been recelved In thls wiod were ddayed to 2026. During th8 peiicY. Lion Landscapes. total in¢x)mthig resources were £618,939 and total expanditure was £1,003,788. re8ufting In a deficit of £384,849. kn additim lo tt18 Impact of the short8r)8d financiaj pèriod. Ihls deflcit reflects. in parL tho timing of incorr and 0Xpilre. with funds receNed In the prior period belng applied lo programme dalvery during the current p. Th8 period also Includ1 a ase of CorkdatiOn arKI refocus ithln Ihe fundraising furKtlon. Idlowl aroes lo the fundralsing team. whpth conlrmed to a sht40M7 reduction in donauon Income. The increase In capxdty In this team, however. result in inL¥V8sed income durirrfJ th& next periLKI. Eyp¢nditure has Increas due to ntind invèstrfflent in the management leam and th8 expansion of prrMJramma acttvities. Th8 Truslegs der investsnents necessary trj support the charity's long- lem growth aThJ impacL Tn8 Trustees reMn o)nfid8nt in the offJanisa1N's strategy8nd in the aNfty of Ihe Strength$d t8am to securn fijnding allgned wllh th¢ chaWs fuiure pns. Tolal funds at the end of the p70 total £1.802,7PA. clpr@ £839,002 of rethct8d fiJNJing for progrdmm&s a1 8.782 of unr8Strted funthng. There aro SO restricted funds showing nggallv8 balanc8s as al the year end. Thase will be Investiged and thè deficits acth)ned in thé fitsl half of 2026. Thg charity maintained a heafthy finandal posidon despite th8 d8ficat for the reporting p&rlod. Dlr8Ct cx)mp8rison wth pre¥Aous txriods Ss rt PK)sslble du8 to the change In the financial reportlng period. Tho (Arity intends to maintain the balance of Lwng ablo to renish and add to Its reserves wIMlst it ¢OnlInL lo grow to ensur8 that fijnding Is avallatAe to suptort e*sdng opgratknns as wo11 as the exparkskjn of programnws. The investsnenl in the h1ndlg and communicabon8 tsam during itrus p8riod reflo¢ts this. Rwew of lh8 charity finandd tKtsltion at the end ol the period Para 121 10
Lion Landscapes is a growinu organisation and r JCY is lo hold 12 months of opèrational 8xp8rn1iture in reserves lif uwestricted funding alk)wsl to b8 able to expand whgn the ¢Jpportunity 19&S or remain in 0ration if funding sudd8nty falLg short. Statement explain0 the pdicy lor holding reseNes stB¥ng why they are held Para 1.22 Al the end ofthg period the charity hèld as eryes the unrestrictsd ftjrvts of £963,782 Uate8 to approximately 8 wnonths ol operatw)nal &xp8ndilure. In light of investment rnade in gxpansion of the managemenl tsam durong the riod. as wèll as other changes. the chartiy expects to rewew Its rg$8Nes poll during the next p&rij, a5 well as malntainirvj the focus on fundral$ing to ¢>)v8r future 8xpanslon. Amount of reseNes held Para 1.22 Reasons for holding zero r83erve8 Pard 1.22 Sev•r81 rèstJicted fijnds wprv in deficit al th8 #nd of peiic*J (see Noto 171. in total amounting lo approximately £52,000. These defi¢¥ts will be addr8ss8d by rrS of Imn$f5 from unr8stsl¢led funds in the )Irst haw of 20. Details of fund malÈrlally in (Joficil Para 1.24 Several restri¢ted funds wer& in dèflcll al the end of th8 p8rKbJ (see Noto 171, in total amounlng to 8pproximatety £52,000. These deficlts will be addressed by means of Iransfers from unrestrlcted funds In thè fir51 hall of 2026. The tnjstegs do not have any Issues regarding the abillty ofthe charity ntinuiN as a going Expknallon of any uncerEainties atrK)ut tl d)arfty ¢ondnuing as a gdng con¢om Para 123 Funds held as custodlan frustees behalf of ¢thers Description of thé assets held in this capa¢lty Lion Lan(Jscapes sometlmes hokls funds as a custodian on behaifol others, such as Drganlsations th whom we have a Manthip agreement or partner organIsatn$ that (k) not have a UK tharity to re1ve funds. lunds arrive in our hQuAts and we dlstribute them to IheTn as a lump sum as as requested. The receivtng organlsations do thelr a¢o)unti ainsl these lum This year fuNds have been raised for IUCN HWC sp8cialist group. h Carofina Z The Perggrine Fund IUCN used wr accounts to reeeNe funds for Ihe devebprnenl of a rhew HWC strategy and for other genaral pr¢raMS impMentd by the HWC speclallst group. N(rth C8rr)lina Zw used our accounts to pay tho salary of an èmptyee that is legally enYe by knon I2n(L9pe$. bul wthing on behall of Pèregrine Fund who tk) not have a kgal gntity in Tanzania. The funding source was tnoved from North Carla Zoo to the Porvgrfne Fund durin the N&rn8 and objects of Ihe chatTty on whose beha thè assets are held and how Ih18 18118 within the custodlan objects
Details of arrdngements for safe Custody and segwal'on of such assets from the tharits own assèts All bjnding goes into fv oryanisation's arUnts as Custodian Funds receNed Idonation>. During funding meetings, these funds are allocaled to diffèrent projects. During this alkution prO$s. all lun(ts ralsed as cust(KJlarts V+ill be earnrked as donations and $t stralghl to them or be kept in acLounts on r¢quest of Ihg rece1 organi8ation untl n8eLled. Sèparate account trots. have rent been sgt LJP n th8 organisalion's bank account to tsLyI(otè ea5ierWWatic arvj management of Cust(Kli4n Funds. 72. Rlsk managemenl and lthnlilleatlon of rlsk The Irusts8s have not deem1 tl nec85W to set up separ818 Finance arvj Audil Risk Commiit8es but compreh&nslvts rfsk registsr L8 maintslned by the organIsationle9delEhIp. and trust8es wew the risk as8o¢i8t8d with fujS held at the Ch8riVs Board Meetings. The Charitys tJust$ès and execut4vès monltor th8 speafic risks induding OTatiOnal risks on an oru(xng basi5 and the board 15 ¢x)nfldenl that the necessary steps are being t&ken to prevent them awKI mibjats thelr impacts slK)uid thèy occur. The Trustoes reoJgnis8 the imrthance of ensurfTrJ Ihat all overseas operations are SUPFM)rted by appropriate and conslstent legal strudures. Progress during the Per1 has included investigallon into requiremgnts for a indèpendent eDlity In KlY9. Wort will conynue in Ihe nexi p8rf¢xl to put In place formal 8gwments g)vemlng relationshi wilh overseas partner4 InckndirvJ grdntfundlng arrnngements and the use of the ¢h8rltys inlelledual propèty. structuro, Gov•rnancg and Ma9•Ment Description of d)arity's trusts.. Type of goveming tk)cumenl How is the ¢harity Constitut17 Trustee Selecti mèthtsjs induding details of any con8tilutiona1 provisions 8.g. ele¢lbn to post OT name of any person or body entlued to appoint one or mre irusl Para 1.25 Constitubon Para 125 Chaiitatlè IncorFofdted Organisalion (CIO) Para 125 Acc1ThJ to Art.34 of the Constitution. the trustees may appoint by ordlnay re8olubon a pers£ wllllng to act as a truslee. Candldates are put forward in a quarterfy board meatlng and upon approv81 ol a majonty of the Trustses, they wll be askèd to b6come a Refvrnn¢o and Adrninistratlve drtalls Charity name other name the thority u8e$ Reglst8r8d charity number Charltys principal address 1190168 Highcliffe, N8w Road. Telwmouth, TQ14 8UL Devon, Uniled Kl om
10. Tru8te6S There were no charvJes to tho Board of Trustee8 durirvJ the pEr1. Wè Ihank Prol. Dr. David Whyte M8eDonald, Brian Arthur Charles Mayhew and Adam GeoryJe Hart fortheir eontinu8d servico a8 Trust888 and caroli Chepkwono. T(Kn Leid. K6rryHary and Maureen Meengfor Ih6irsut¥)ort and guidance as meMbS of the Adwsory Board. Changès were madg to the Board of Trustees durlng the last period as a fesult of the rsqulrementto have only UK thJml(xled Trustegs for th8 purposes of setting up a savlngs dèwsit a(XnI lor thè chadty. Th1$ restriction no longer applies so the composition of thè Board is expected lo be reviewed agn in the next wiod. Nam• NaOnalIty t)ate appolnted rlod 14-04-202015 yearsl Date of retlrèment Prof. Dr. Dad Whyte Macdonald Brian Athur Charles hewOBE Prof. Adam Corge Hart Brllish British 0&11>2024 {1 yearl Brttish 03-10-2024 (1 rI Dèelaratlon8 The trustees daclaro that they h8vo opproved the 1wstees' above. Slgnad on b8hg11 of the tharlty's tsusl8 SlgnatrJro{Jl Full nam•ls} ytè KlaCdald POSI0 le.g. Soerètsry, Chalr, Ète.) Datè Chair Trusto 1310812026 1310812026 13
Indepondent Examinerfs Reportto the TTUStees of Lion Landscapa$ I report to th@ trustees on rny examination of the financial statements of Lion Landscape5 for the period ended 31 Decernber 2025. Rosponsibllities and basis of report As the trustees, you are responsible for the preparation of the financial statements in accordance wtth the requirements ofthe Chartties Art 2011. I report in respect of my examination of the diaritrfs financial ststements carried out under section 145 of the CharitiesAct 2011. In carrying out my examination I have followed the directions gwen by the Charity Commission under section 1451511bl of the Charities Act 2011. Independent examiner's 5tatsment Your attention is drawn to the fact that the charty has prepared the financial ststements in accordance with the relevant version of the Statement of Recommended practi applicable to charities preparing their financial statements in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charrties= Ststement of Recommended Practice issued on I April 2005 which is referred to in the extant regulations but has now been withdrawn. l understsnd that this has been done in order for the financial Statements to provide a true and fair view in accordance with UK Generally Accepted Accounting PCtICe. I have completed my examination. I confirm that no matters have come to my attention in connettion with the examination giving me cause to believe that in any material respect accounting records were not kept in respect ofthe trust as required by section 130 of the Charities Art 2011. the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set OLrt in the Chartyes (Accounts and Reports) Regulations 2008 other than any requirement that the financial ststements give a true and fair wew, which is not a matter cor)sidered 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 orderto enable a proper understsnding of the financial ststements to be reached. Gary Randall ACA Prydis Accounts rnited Clyst House Manor Drive Clyst St. Mary Exeter EX5 1GB Date: 18 26 14
Llon Land8p&S Pe(1 Endad 31 Dents 2025 stat•ment of ftnanelal aetlvEtlos for the perlod ended 31 Daeèmber 202S Ilncludlng summary Ineome and •xpendltur• ac¢ount) Unrestrlct•d Restrl¢tsd Inrome funds Total funds 31.12.2025 30.IM.25 Income (Nptg 31 Incomo and endowmants from: Donatlons, legacles and grants Othar Total 82.793 24.8D7 107.600 511.339 594,132 24,807 618,939 1,454.414 3.669 1458.083 511 339 Expenditure {Nots 4) Expéndlture on: Charflable acovfties 246.381 757.408 1,003,78g 1.184.083 Total 246.381 1,003.789 1.184 083 Ngt Incomellexpondltsjrnl Il•tmovementln funds -138,781 -138,781 -246.OS9 -248.069 484,850 -384.850 274,000 274,000 Rsconcllla(lon of funds." Tolal fund8 brought forvrdrd Trarfer of fund8 1.089.736 12.827 1.c,898 -12.827 2.187.634 1.913,634 Total lunds canléd forward 963.782 839.002 1,802.784 2,187,634 15
Llon Landscapes Poiiod Ended 31 De¢8rnb8r 2025 Balance sheet as at 31 t>acendMr 2025 Total 31.122025 Totsl 30.04.2025 In¢ome fvnd5 Fixed a8¥¢ts Tangiblè 8ssets (Note 91 13,811 204.711 218,522 253.171 Current a#sols D8btors Invaslrnenls Cash al bank and in ha Tot•1 cuYrentasse(s INot8 10) Note 11) (Note 121 18.059 19.187 938,078 18.059 19.187 1622,133 1 659 379 26,172 19,050 1.906 837 1954,059 redltors: aThounts falllng due wlthln one yoar (Note 131 19.596 25.353 49,764 75.117 Not cuffentassgts 949,971 634.291 1584 262 1934.463 rotal assets 18s5 Current 114bllftl8s 963.782 839.002 1 802,784 2 187,634 Totsl not assets Fund¥ ¢fthe Charfty R•strlcted Incom? funds Unr•strlctsd funds Total funds 963,782 839.CK)2 1,802,784 2,187,834 (Note 17) 839.002 839.IX)2 963.782 1.802.784 1.097,898 1089,738 2.187,634 ,782 963,782 839,002 Slgn•d by twa trust•gs on behalf of all tho trustses Signad Print Na D8te on Id 12026 Print Name Brian 131 ur Kfa hew 2026 18
Lion Landscapes Pedod Ended 31 De¢ber 2025 statèmént of Cash Flows IFRS 102 1 Charit588 SORP) PTepared in acixJrdane8 wlth Section 7 of FRS 102 and 14 of fhe Chariues SORP IFRS 1021 Cash flows from op6rating acllvttl8S Nel cash wowd8d by opèratlng 8dwti8s (see Note A) Cash flows from invasting aclwiliÈ Purchases of taNJiblè flxèd assets Proceeds from disposal of tangible Ilxed assets Nel cash usèd In Investing athities Cash flows from financing admlies Nat C88h from financing aclivllles Nat Increase in cash and cash equfvalents Cash and cash equlvalents at beginning of year Cash and cash equlvalonts al ol year -267,063 -20,079 2,438 -17,641 -284,704 1,906,837 1.622,133 Note A.. Recondlkglon of nèt nK)vemenl In funds to nèt ¢ash [ded by operalJrvJ araivitiès Nel movemonl In funds Adjustments for non-cash items.. Depreciation of tangible fixed assets Lossllwofit} on the sale ot fixed assets (Gainlnoss on revaluation of investmants INorking caplial movemants: {InCreasgVdeaso in dèbtors Increas91{dec8Sl in ttèditors within one year Nel cash provided by operating actlv1ti8S -384,849 54.729 -2.438 10,113 55,520 -267,063 Cash and (ash equivalents comprise cash at bank and in hand. Bank overdrafts rèpayablè on demand (non9 in the yèar) would be indudèd as a ¢omw)nent of cash and cash gquivalènls. 17
Uon Land9¢8pes Pthod dEd 31 Dewb£rSJ25 Notss to Iht aecounts lorth• lIDd ded 31 D££br202s l. Charlty Statu$ The Ghgr6ty became a CIO (charft8b OryM5alk)nl on 20 kn&221. Lts¢knity rèJtrakn rnjMr 18 1190168 and li k5 vernd by tts cOnBttttiOn. 2. Accountlnq ptblelo& Basls of ptsp¥ation T$8 arLounts have been prepar1 urKIw hL4orKa rxJSttxvet revakthn trj far¥e li ac£udance ith FRS 102, iths re(gsed I costor IrdrWti[ unbss {he58 Stated in Ihè rdevarl Tthls) ks these a((tht arwJnts have ten prep£red in aLwrdce vith ts Slatemenl¢f Re(a)mm8th Pucunting eTh1 Reportinu by Charities pr8parfng th8lr actx>unts kn attord&nce th8 FlnaThxl Ratty Slondwd appkxbk in th8 UK Re¢ of trebtxl IFRS 1021 IS on 16 July 2014 and with the Charitt8s Acl 2011. The chsrftyixtslltutes a wilic tn8fit enbmy 85 by FRS 102. Pre8tnt8tlon currentty The finandal 8tat8menL% are pr658ThtJ P(KThts SiwlrvJ {£1. Slerty Ih&ChariVs lunctiord currenry. bèlng t rrOTY ofthe prlmary 8conomk @nvironmenl in the Charfty (¥les. The Chty carrns (xrt ovThBs8rnd $0 8180 transarI8 Sn other (JJrr8TrSg9. prCAllY th8 Kenyan Shill (KES}. Tanzanian str.ilng (TZSI 8ThJ US IU5DI Fordgn gXGhv4 Monetsry assets and IL9b19& kn fO9n rrend£S are atthe rale5 ofèx(thw Nllny at the balan sh8Ot date. Transactions in foreign cwronck>s are tran&gled Into stedir¥J 01 r8te8 of ex¢hry rukng at ldate01 transxtN. Exeh8ty dlffweDtts are taken Into arUntIn 8rrfvlng * th8 nat kncomB l expErN. Golng conBorn Th8 tru8tEes wnsider th Ihwe am nts materbl LwrwWnll85 abothts dwws a5 a gc4rvJ L¥)Thxm. Recognltion of In¢omo l ly rwnlsed orth• ¢harity ho$ 8ntlknwt to th8 inojm. rn8 4kgtylJw Milhqt r8the ts resour6 and tho nyetary value can be me•sur8d ith sUffit lality. Of18•1tlng There hds been no Offset ofassats and 18bkn&. ¢er. unl8s8 rwred or FRS 102 SORP FRs 102. Grwt& 8nd donatlon Grants and thnaltns are only indUd kn thaSoFA Vthen thggenw81 knc¢>me rptwlthjn criterf8 are mt15.10 to 5.12 FRS102 SORPI. In Ihg e8S8 of performance relatthj grants, these aro IrKluded kn th8 SoFAorts Ihe thwity has tKowded Ihe r81at&J servk¥5 orftt the pthan rth conditbns. Donated Se¢8$ and f#ellltk8 Donated servlcé8 and laolitie5 aw¥ In the 5CFAthern atthe v4u8 ofthe gblb) th6ch¥ty provid¥d tha Va ofthè ghl can b& tll88sur8d reliabty. Donated service5 and facilitie5 that ¥e ImTh%dvtdy are #s IrKorne slith an Owalent grmunl reLY)gni$8d 88 an èXP8n8e un¢JaT tho approat9 he3dingkn the SOFA. The vue of any Thtary r8fved is rwt Includ•J In Ihe aL¥[ts t1 1$ d88cthed In tho Iru8te88' report. Expendliurn and Ilab115tlo• Liabilitt8s ar6 regnISed 4ttere il lik8ty than notthatthere a bgal cf oblykn the tharty to pay out r8swf( and the omounl ofthe l93tM ¢on ba measuredwkn r8aBL¥th ctsnty. and su ort costs SApporl costs havE been allocd go¥erna ojsts DttrswJpryL GO¥nanCe i¥)5ts alu>st8 Involylnll wtdlc accourrt3bifity the charfty and rtSc(xnplnc8 and pr8¢8. 18
Lbn Land ed 91 Own[2025 Baslc fnandal Irb8lruments The charity accounts for b8skllnan¢>al hk%truments r8wgnf&) as pw parawh 10.7 FRS102 SORP. easLeMl IB a& P paragraphy 11.17 to 11.19, FRS102 8ORP. A858ts r u88 b charf Thg$e are ¢8pilallsJ ar uad at cost KtW(an b8 than cth cost at ba81 £10D. Dgpie¢iaUon 1$ w0ded on tarbglbfv8d aÈ88ts 80 as lo1[6 off tha ¥alualkn. s$ any è8timat8d r88thal ¥u. over thdr gxp8cted u88fu5 8con(¥ni¢ lifo 46 folk)ws'. Asset ¢la$s D•pl}Ion nthod and rala 25%Strjhl b&si8 % strapjht Ino 25% strdght kn8 b 20% swht basts P&nt Hnd machlwry MolorvÉhkb8 Fixture6 fitllngs v¢itm•nts Unllst8d Inv88tmetts 8re Y¥Jued al Initiatyat cogt and subsewlty atfqtrvBbJe W markgtvaluolatthe lessrvalu ¢ennol mea$urod relably In rAse ft Is M6rth at cr1 ss 3. An8ty818 of Incom• Income funds Total funds La81Y8ar Donat108, legacla8 and qrants.. Donalon5 gifts Gene graTrls wovided bygovarnrrII0tsrag8I 82.793 511.339 594,132 91.334 1,363 080 1454 414 81793 511.339 O¢h¥i: Intest Incom8 oth8f R8vonu6 Gain () revalualkn ol knv8sfment8 1,357 2.326 -14 24.664 138 24,eoT 24,864 138 24.807 TOTAL INCOME 107,6 511.339 618,939 1.458.083 4. Exp•ndltur• atyBls DI expèndltum Unre¥trktod Rostrfctvd funds Income funds Total funds Last Ygar Expondllw• on ¢horftoblts actMflÈ8 Generdl acOv1ti08 Depredallon Govelnanw ¢o.$- noie 6 705270 52.138 938,536 .729 1.106,258 87,025 2,591 10.524 246.381 TOTAL EXPENOITURE 757.408 1.003,789 1.184.083 19
n iAndscap od eTKled 31 De¢emter2025 5. Funds a8 agent BaLts¢è held al stsrt Dlyear mnI reced in ye¥ Baknntu hekl aty6ar8nd ntpald out 8rlod ended 31 Dember2025 DeÉcrfplMtnam ofparty IUCN- HWC Speualist PffjjeGt (not a p8ty1 42.492 82.442 -114,255 10.679 Year Jj 30 A rf12025 IUQN- HWG Spec4alist Pr¢4ect IrNA O relth party) 143,081 -101,233 42,492 YeareThJ•J 30 A ri12024 IUCN- t4WC Spo(allst Pn4gGt (not a pBrfy) 83.385 41.698 -124 439 644 6. 8POrt Costs 31.1225 30.04.25 Fee¥ paid for Ind0pdenteXarTl reeral Total 10,524 10,600 Dqtalls ol certaln typo5 of •xpondltur• 31.12.25 30.04.25 Support cost Indondent oyamknafjon fee Oiherfees paid to oxarnkner Totaf 5,015 1,2LNTr 31.1125 30JM25 7. Pgld employee 7.1 Staff Costs Sa18rig8 wages Soc4al security ws16 P8n8lrm costs IdefinE(J pL8nl Totsl 81aff tA)sts 319,288 28,006 3.362 350.6 S15,813 30,654 5,649 552.116 No ompkny¢68 recalv ery)byee bweft51oxthSrMJ ernpw (xtstslkylha reF•NbrvJ ofnxrn than £60.0fy). 72 Awrage head count In the )pai 31.1225 20.04.25 Nmber Nrer Management Fld staff C8mp Stall AdTnlnlstratk Research Project dlrector8 Fundrai8ing & comrnunk2tton aff Total 54 13 13 89 87 8. P8nslon contrlbutlon$ P•Mlon ¢¢• clbuOn$lo th6 8rnpby88 whemgs torthe FrK#J to £3.362 IYJ.0425.. £5.6491. The charity opw*88 a defined 8chema. Th& pensY)n forth8 pwkwj rnpre88ntscoTrtrfrt thJe by thB tharfty to the $th8m8.
Lkn Lond8ca Perbd ended 3f Dnber225 9. Tangl)1g flxod assèts FIXre%, MotorVohlcl88 flttlngs and •quIpMrt 31.1225 30.0425 Total Cost A ¥lartof year Adtitit5 DIskK>5a At end of the yèar 137.399 73 271.725 12,680 409,124 20,079 335,689 152,840 .79,403 144.798 284,405 429,203 Doproclallon At starlof ypar Charge forthe year Ellmlnaled dlsF#)sa18 At end oflho yegr 78,867 16.950 77.088 37,779 155.955 54,729 112.338 66,892 -23,2T5 114 867 Net boOkVa• Npt bookvaluts atlh8 end ofthe5or 48.981 169.$38 218.519 253 171 Th8r8 8r8 dlÉpo$ql tAoce8d$ £1436 recogn In th6y8afBY a v8N¢bwas scld transd lo Lbn LarKIBCaP88 durfng tho mergèr % RCP. This v8lN'cb was Introdur to th6 ffK&Y &5Eet r8gl&ter4th M val. 10. DobtOf8 and pr¢paymontB 31.1225 31J.0425 Prapayments 4nd accrued kn[8 Trad8 DgbttVS Olhw d8bto Tot 1D,407 16,579 11. Investmanl• Convarllbkn Loan- Sa0t(td- 7M t)rditWyshares 31.12.25 19,187 30N25 19.050 In 20121 Lkjn landscapes boLtht a in Bkn&Lld Icf £4.264. tt was¢Xx)by knto shBr8s in Octobar 2021. Thè Shares are Stat alfalr value as at 31 D8¢%rnb8r 2025 (UnrBall8J gdTh£14.9231. 12. Cash at bankand In hand 31.1225 30.0425 Cgsh at bank and kn hand Total 1622 133 1 906.837 13. erEdltor8 and )¢¢TlS Amourts falllng duè wllhln on8swr 31.12.25 3CI.04.25 Trad0 lxodltors othér credltor8 Taxes and 80cial $8curfty L¢rualB arxl deloiY8d Inco Total 6,113 328 8,051 528 2.890 5,721 75,1 19.595 14. TrusteD remunoratlon ond lJon8ffts Non8 ofthe trust888 have p&Y any remuneraoon orrwM8d anyother frcdn an p1¥Ath the th8rityor a relaw entity. 15. Twst••8' 8XP8nso5 There re transacbons b8Wn <arftyarNJ trustees kn lTr*CUry8ntT8F P. 21
Lhn Larnl8caws Perbd ended 31 DEnber225 16. Grants and donatkpn8 modè AnglyBls ofgrant8 and {yoU$ pd Onc4u(kd kncostofcharlth athltsesl Grants to Insututlons 31.12.25 Total 30.04.25 Totql Analysls Donalknns to wn8ervqDG195 thal partsdp& in ts WIWIID R ClwllÈng8 Dmations 01 th)gi FoundalK)n th8ri1able Inkql Donation8 lo Loisaba CDmmunty Trust Donaknon8 towarfs th8 Cost of Rangor&w>rk Donati lo Naibung3 CoervanCY Donatiw to Ilmsfflusl Conserwanty Donation b QI Mgi30r Donakn'on$ to kntrKodB for the Pur& Misceitsnèou8 DonalKY 1.360 9,259 9.999 4.000 2.000 iooo 4,605 2,271 3.059 2.387 2.L¥JO 4,fA)5 4,55g
P8DadEnW31 DI225 17. Chirlty fvnds 17.1 Detsllty tyf fuDdg h•Jd and mosw•rtadwkvJ tswr4nt r•p•rfh¥ pev Fund Fund nom Typ• Expendllu forward 1.Iw.736 11827 Aza crValiDTr QM; FuThl CCT 8rwJ park lrfpA Twia. R BAND Found¥bn 2024 O hTz 9272 -11.807 .2,535 35.864 Cknlantt Metropart Zoo and largo tsrnfvore5 around Ruaha 52,Ot5 -10m1 76,142 DEFRA epacLyNllJI InTan 58.931 15.Q58 -6,815 67,174 Dwtthcurry F 40,375 Dlsnty CLYrner¥thn Fund TJgUPPtytaii pr4ec4th Ruoha East Cotz)18r8r&Z arShip$fws sd s1wJI n Ruaha -9,012 24021 5,165 .165 4.179 21.753 FourthUw88grn Grart CornTrwrgqnglts In -24242 6,013 Ctyfflitl gliOn b)Sghj Larp1a. S818rf0¥. ccfbBmfits. fi Iucm 9.134 21,518 4.559 25,3 Leldw CDn¥eNaUr Tofund sa¢$&¢¢ 4.e83 Lyra InArtr Awwlfa 4,015 1,585 F kngwrtofthe tArrt In MllwÈukefjCr¥JityZoo 4032 NaFl&6Z To LEO 9thrf85 &c4J5ts 35.438 -13,287 22.151 4WI CCTand ¢on58rvabmw4ran. 1185ewch r. RuthllaThl SBbJs 21746 74 -108,695 -11.103 OryxLlmll8J Oxford I Indu4vlty accelerelt LFL.Oevd(wgntofL FrfwdlyLfvBstod¢ in Ke Zalrabu blp to Lwr 18.3fj4 -2.269 14,D AMBHn FoLmdali Colatrjkn L8lA 4374 4.782 408 SaNna knon CoTwfvBlkA)- Saflra UDn Corw )rnM¢aMet& Ttap SCmé 47 Thg CCGTru8tr Funds tyWla t(Ywath thèL Defèndqr5WOrt In 14u•ha 7th) Urm rdlthu. wJpw¥trf Th9 Mahffe ConsYaw Lkn Kansets & tyalthg siwxlo CnThU4yROThers 51716 Y2M04 49,582 46.536 Thè N&bJreCOn5eN Hcbhu$-PP8 den 7.741 7.741 Th8 NatweCon8erva Wlhjlile Protetaon &Anrf4o%hin8 A£Ov.'ties sM21-s¥. OVD 5 OF4rnkn1 costs kn .1,452 45,770 TUskTrt1 Y15 -180 Ewrfffton Grarrt-o1th kn Rutha iLD. c0ntlcloffl¢ws CCT benefi18 & otheropalvxwl cost Tu5kYrwl 31.588 )25f 1,332
Llon LÈnd8c PaTbJd Frthd 31 D£certh2025 Fund nc4$ carThwl fvrwwd Fund nambs Pryiq aThl Rèstrktlrf WRC 23-SurvAI forthB R8wqr& Q7,D30 4,82Q .144N8 Tuth Ywgt skTru8t Utthla Univ@r81ty of Oxfotd Wudhte C•nSery8UC IL LRF.REja-Cfl RryFwlld1 Ruaho (satieS, CCT benerkn. QP¥AVonal fA15ts1 WIILlifeCon8er¥&tkxi Iuon ReeCh end ¥21 ftocov Fu> SVA0OsyStQrn Wlhthlf8 Ci•$wYthn I PhD t(x$e¢VabC1k R¥eOveryFj Wlldlwe CDn6wvAUon (LK Rg¢Dvery FL} NPS 11,250 43,W23 58,740 15f.165 103MJ 37J71 97 135.654 114.491 3.022 61,469 1S17 3,547 81.471 -11.186 64,285 To hiw1w).vAol t¢rI NIUOn prffjmmas Ruaha 13TrJxapDand WooOLnd Parkzoo rJ.128 S91 49,415 14J6S 3,591 Zoo Mlaft LDraryrarng In Ruaha Z() NèwEryl&nd TaTrzanb'¥ SobJs4q5gtere I(apO The North Carollna Zoo AddrE551ng ConserYdilonThrtsts in TaNani3'5Sdous Land5Trr Increasing cervatIon Knowkd8e and Awaren thrOuthkllMe aths In SouthemTanz3nia. In Wjpportofmb3 Schdar5hlp Progrnrnyne which dlrecty re55ES the edvuiiLylthaIgÈ$f1Ced by YulrnÉrablefamifie5. 42&) 4610 Phoen100 7,431 4.420 Rotterdarn Zou 823 451 451 Abigall Rose WhKtsker M Pu12e Foundatlo Steve TaylOrCon5athn Award Tusk Trnst 19,070 15.070 7,605 1S),975 150,975 T0181 wtrktsd Inc knds -11827 511339 .757408 TOW FLd$•S perba19rtr shè 618939 resirlttÈd IrK0mefU, URI Unrfrsts FundS1h bal8nrth85 attherM be wd•Jth*2edthth tsftsth8ff cl228.
Lbn Lr¥pea Perw Enthd 31 DQC4nÈr25 17.2 0913ts +)fJhthaIrURd1 hqhland dwingtho perlod Fwnd ceb Fwthd Pwrpowe ond Typ• Exp•n¢Nlure lo1[d 117.179 43,61S Aza ContseNaUon ts1 Fund CCT and pwk bip8TBnz PJJihA BAND FndalK2O24 tIr ID Tz 21,510 -12,23B 9,272 115.&SD 47.854 79,099 Re50fvlngthfl1ct betretn hL'mans and large carnl¥ore5 around Ruaha Na'JDnal Pari TanLanl? eveldnd Moirowk Zoo 81521 4T,813 34.20B DEFRADwtn C&C. capscttybu1bJ InTzaa 119.591 17,663 -78.328 58.9SI DennhCurryFL 75241 40.672 LXBn&y¢onserthw Fund To support d pr0hLl¥rt kn RL& Ea$icolZty) l8r6v8rdz ScM¥8bpSa(>)tySI slud h Ruaha CCT CCT+ K8 Tanzan 271 34,033 3.978 4,502 5,f6S 15,743 -19,922 4.179 Fwndabon So fJr8nt In¢rgasirvJ Conknufflity 8enth 50,243 -17,988 32255 conftktml1kn. LafiElplw. Sa98. CCT I1. 19.891 -10,7S7 .134 To 412 Lwa InAfik¥ Schoolw11Jb8 Cewefvat'on Fund 8UPwrtlh• 4.600 Mllwaukeocountyzu LaThJscaw. To ftd LE0eS & (xts CTKI pfDW.. ècolcgk21 tB8earth In RSha orbj SB&x DHr%th LFL.[vdOFl ofL FetyLtOck In 4.037 95Zoo 20.135 44.093 48.7 NAWI 31,Jl6 S9,079 -70.64 22,746 Cw( LknK8d Oxfurd I lThlusl¥ awd£ralo¢ 141 42,180 40,17T 16,364 4269 4,7 .7,Of7 8,374 Saflna LltsnC4)nserVo11. Safins Lncon961 corTwnunltyCarnera frap schen For CCT -1 763 Th6 CCG Trtl Cfen¢l¥s KYkln Ru 7LK Th¥Naturfj ConThan ccarfng, traning n Rawors & tralnlr6 240.416 7.366 The NabJe Qon8&varw HolllhuB-PPBthmoB 4205 63,716 Thg NaurfyCon8er¥£ncy Wlldlrfe ProtectTr &AnP0athf ActivieS SM21-Sal*es. ( rall781 ¢ostskn Ker 10.4 4.728 7,741 Tusk TN61 11. -10.354 715
LIOnLdICapP Pertrrtd EndEd31 Dewknr2025 Tud¢Tru81 (LD. CA>no[(1cs and Btaif8knh 24.013 -37.425 31,5e8 RC23.0rtftfthR• progrm -27,ST3 21.7e Tu8kTnrnt FUNI bolan EXp•ndUro Fwd nws foM#rd -7.112 -169.4D8 6.703 157.465 Tusk Trust UMW VnlYwtyOxfo Wildwe con5wrtlvi(ffi R9VPry Fund) Wllthife Cons¢N8tyon Iuon Re8oarr R9rovwyFundl W1111è (LK) Re¢ov8ry FUj) Ylld5rf¢ C0n89Nau (L Recov8ryFundl IPAPS 13,815 2W,114 .7 LRF4lh- kn Ru8h& ISrfea. CCT Wiy. 46.717 -9W3 11.880 1n737 114,491 9.547 3,547 79.238 -37,051 81A71 Lak14 TD 9UStain hwan. dAfe ojn rn¥0n In lh8 RuthA 3.630 Woodllgnd PAIKZ( 15,926 -122 13ndscap8 ,128 31 WWF 31A26 41.744 -7,742 Ltj proJrdmF in Fknha 6.ty11 -7.467 Zoo NEInd Tranig's 5ekxL8-NFr9 The North Carollna ZOO Addrn¥conserwÈti0nThTeats In TatVania,sSe L8ndsrape Increaslfjgconseryatian %nowledge and AwarenESS thrDU8h Wlhllle aub5 in Southern Tantsnia. lrn supportof Simb3 Schdarship Pro8raMmewhkth direct addres%5 theeducatbil chaIn8e$ faced by ¥ukner4ble famlle& 11,gM 4250 Phoenlx Zoo 5.73 -705 Rotterdam Zoo 78 3285 -1.12Q.4e4 Tot wtrictod 848,811 Z8.847 1.150.oe3 -1.184 063 Totsl Fundts 89 bEn¢Seet