## **CHEETAH CONSERVATION FUND - UK**
Charity Number 1193293
FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2025
|**CONTENTS**|**Page**|
|---|---|
|Trustees' Annual Report|2|
|Report of the Independent Examiner|5|
|Statement of Financial Affairs|6|
|Balance Sheet|7|
|Notes to the financial statements|8|
1
**CHEETAH CONSERVATION FUND - UK**
## **TRUSTEES' ANNUAL REPORT**
The Trustees present their report and the financial statements of the Cheetah Conservation Fund - UK ( _**“the Charity”**_ ) for the year ended 28 February 2025.
## **LEGAL STATUS**
The Charity is a Charitable Incorporated Organisation ( **“CIO”** ) governed by a constitution dated 16 September 2020 and registered with the Charity Commission on 28 January 2021.
## **TRUSTEES**
The Trustees who served the Charity during the period were as follows:
Giles Clark Katie Clements Dr Jane Galton Laurence Morgan Spencer Phillips (chairman) Ahson Toru Julia Wall-Clarke
## **OBJECTIVES OF THE CHARITY**
The Charity undertakes to promote for the public benefit the conservation and protection of the cheetah and other predators, and the ecosystems of their natural habitats, including local communities where humans and cheetahs co-exist, through the provision of grants to affiliated Cheetah Conservation Fund organisations in Africa for conservation, education, research and promoting biodiversity.
## **ORGANISATION**
The Charity works in association with Cheetah Conservation Fund Namibia (CCF Namibia), a registered voluntary trust in Namibia and the Cheetah Conservation Fund Somaliland (CCF Somaliland). The Charity also collaborates closely with Cheetah Conservation Fund USA and other international affiliates in Canada and Europe, all dedicated to raising funds for cheetah conservation.
## **RESERVES POLICY**
The Trustees have considered their policy on financial reserves in light of the planned activity of the Charity and have concluded that they should have as a minimum the equivalent of three months' operating expenditure available in reserve.
## **TRANSFER OF ASSETS FROM UNINCORPORTATED CHARITY**
The Charity is a CIO. The Trustees of this charity are the same as those of an unincorporated charity with the same name and same charitable objectives (charity number 1079874). The assets and trade of the unincorporated charity were transferred into this CIO on 1 March 2024. Donations received into the legacy unincorporated charity’s bank accounts during the year to 28 February 2025 have been transferred and recognised as income in this CIO.
2
**CHEETAH CONSERVATION FUND - UK**
## **GRANT MAKING POLICY**
Requests for grants are reviewed and approved by the Chair and Board of Trustees. Grants are provided for cheetah conservation, education, farmer training and research into cheetah behaviour, reproduction and ecology as well as for general upkeep and welfare of orphaned cheetahs.
## **TRUSTEE SELECTION**
Trustees are identified by members of the board and their inclusion is subject to a vote in accordance with the Trust Deed.
## **REVIEW OF MAJOR RISKS**
The Trustees have considered risks and feel that risk management policies currently in place are sufficient.
## **PUBLIC BENEFIT STATEMENT**
When planning our activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit.
## **CHARITY'S PRINCIPAL ADDRESS**
Cheetah Conservation Fund UK c/o 46 Abbot’s Ride, Farnham, Surrey, GU9 8HZ
Approved by the Trustees on 9 December 2025 and signed on behalf of the Trustees by
Spencer Phillips
Chairman
3
**CHEETAH CONSERVATION FUND - UK**
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE CHEETAH CONSERVATION FUND-UK
I report on the accounts of the Cheetah Conservation Fund - UK for the year ended 28 February 2025, which are set out on pages 5 to 9.
## **Respective Responsibilities of the Trustees and the Independent Examiner**
The Trustees are responsible for the preparation of the accounts; you consider that an audit is not required this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to: examine the accounts under section 145 of the 2011 Act;
- i. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- ii. to state whether particular matters have come to my attention.
## **Basis of the Independent Examiner's Report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
During the year the charity assumed the activities, assets and liabilities of the unincorporated charity with the same charitable purposes and trustees. In accordance with the Charities Act 2011, Charity Commission guidance and the Charities SORP, this transfer represents a restructuring under common control and has not been treated as income for the purposes of determining gross income.
## **Independent Examiner's Statement**
In connection with my examination, no matter has come to my attention which gives me cause to believe that in any material respect:
- the accounting records were not kept in accordance with Section 130 of the 2011 Act; and
- the accounts did not accord with the accounting records;
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair” view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Thomas Walker (ICAEW number 4291499)
4
## **CHEETAH CONSERVATION FUND - UK**
## STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 28 FEBRUARY 2025
|**Note**
**Unrestricted**
**Funds**
**2025**
**Restricted**
**Funds**
**2025**
**Total**
**Funds**
**2025**
**Total**
**Funds**
**2024**|**Note**
**Unrestricted**
**Funds**
**2025**
**Restricted**
**Funds**
**2025**
**Total**
**Funds**
**2025**
**Total**
**Funds**
**2024**|
|---|---|
|**INCOMING RESOURCES**
Donations and legacies
2
136,052
61,806
197,858
-
Charitable activities
1,886
-
1,886
-
Interest receivable
3
1,818
-
1,818
-||
|**TOTAL GROSS INCOME**
**139,757**
**61,806**
**201,562**
**-**||
|Transfer from unincorporated charity
8
90,311
6,943
97,255
**-**||
|**TOTAL INCOMING RESOURCES**
**230,068**
**68,748**
**298,817**
**-**
**RESOURCES EXPENDED**
Raising funds
(96,728)
-
(96,728)
-
Charitable expenditure:
Charitable activities
4
(44,804)
(25,779)
(70,583)
-||
|Governance
5
(2,372)
-
(2,372)|-|
|**TOTAL RESOURCES EXPENDED**
**(143,904)**
**(25,779)**
**(169,683)**
**-**
**NET (OUTGOING)/ INCOMING**
**RESOURCES FOR THE YEAR**
**86,164**
**42,970**
**129,134**
**-**
Balances brought forward
-
-
-
-||
|Balances carried forward
**86,164**
**42,970**
**129,134**
-||
The notes on pages 7 to 9 form part of these financial statements
5
## **CHEETAH CONSERVATION FUND - UK**
## BALANCE SHEET AS AT 28 FEBRUARY 2025
||**Notes**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
|**CURRENT ASSETS**||||
|Cash and cash equivalents||129,134|-|
|Accrued income||-|-|
|**TOTAL CURRENT ASSETS**||**129,134**|**-**|
|**CURRENT LIABILITIES**||||
|Accrued expenses||-|-|
|**TOTAL ASSETS LESS CURRENT**||**-**|**-**|
|**LIABILITIES**||||
|**FUNDS**||||
|Restricted|7|42,970|-|
|Unrestricted||86,164|-|
|**TOTAL FUNDS**||**129,134**|**-**|
These financial statements were approved by the members of the Board of Trustees on 9 December 2025 and were signed on their behalf by
Spencer Philips
Chairman
The notes on pages 7 to 9 form part of these financial statements
6
**CHEETAH CONSERVATION FUND - UK**
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2025
## **1. ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by 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) and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS102.
## **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 reasons. The cost of raising and administering such funds are charged against the specific fund.
## **Incoming resources**
All incoming resources are accounted for on an accruals basis. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. Donated products and services are included as income at their estimated value and a corresponding amount included in charitable activities. No amounts are included in the financial statements for services donated by volunteers.
## **Resources expended**
All expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered. Fund raising costs are those incurred in seeking voluntary contributions and include the cost of disseminating information in support of charitable activities. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
## **Going concern**
At the time of approving the financial statements the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the accounts on a going concern basis.
## **2. DONATIONS AND FUNDRAISNG**
|Donations
Legacies|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
132,018
61,806
193.824
-
4,034
-
4,034
-|
|---|---|
||**136,052**
**61,806**
**197,858**
**-**|
7
## **CHEETAH CONSERVATION FUND - UK**
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2025
|**3.**
**INTEREST RECEIVABLE**
Bank interest
**4.**
**CHARITABLE ACTIVITIES**
CCF Namibia
CCF Somaliland
CCF USA
**5.**
**GOVERNANCE**
Expenses
Bank charges|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
1,818
-
1,818
-
-
2,310
2,310
-
44,804
-
44,804
-
-
23,469
23,469
-|
|---|---|
||**44,804**
**25,779**
**70,583**
**-**|
||2,157
-
2,157
-
215
-
215
-|
||**2,372**
**-**
**2,372**
**-**|
## **6. TRANSACTIONS WITH TRUSTEES**
There were no transactions with any trustees in the year to 28 February 2025 (there were no transactions in the year to 29 February 2024).
## **7. RESTRICTED FUNDS**
|Kenya cheetah support
Livestock guard dog
programme
Reducing Illegal Wildlife
Trade
Legal / wildlife crime
Rewilding cheetahs
Cheetah care
**Total**|**Balance at**
**29 February**
**2024**
**Transferred**
**from CIO**
-
320
-
4,563
-
60
-
-
-
-
2,000|**Balance at**
**29 February**
**2024**
**Transferred**
**from CIO**
-
320
-
4,563
-
60
-
-
-
-
2,000|**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**28 February**
**2025**
320
-
640
7,195
(2,310)
9,448
-
-
60
23,469
(23,469)
-
5,454
-
5,454
25,368
-
27,368|
|---|---|---|---|
|||
-||
|||
2,000||
||**-**|
**6,943**|**61,806**
**(25,779)**
**42,970**|
8
**CHEETAH CONSERVATION FUND - UK**
## 8. **TRANSFER OF ASSETS FROM UNINCORPORATED CHARITY**
As noted in the Trustees’ Annual Report, the assets and trade from an unincorporated charity (with the same name, charitable objectives and same trustees as this CIO) were transferred into this CIO on 1 March 2024.
9