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2025-02-28-accounts

Registered number: 14690360 Charity number: 1209520

SPACE FOR THE WILD

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

SPACE FOR THE WILD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Chairman's statement 2 - 3
Trustees' report 4 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 17

(A company limited by guarantee)

SPACE FOR THE WILD

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2025

Trustees M Doherty
P Kelly
A Kerr
K Newton
S Sheppard
Company registered
number
14690360
Charity registered
number
1209520
Registered office
1 Claydon Business Park
Great Blakenham
Ipswich
Suffolk
IP6 0NL
Independent Examiner
Larking Gowen LLP
Chartered Accountants
1 Claydon Business Park
Great Blakenham
Ipswich
IP6 0NL

Page 1

(A company limited by guarantee)

SPACE FOR THE WILD

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

It is with deep pride and gratitude that I present the second annual report and financial accounts for Space for the Wild, covering the period ending 28 February 2025.

Our vision remains rooted in a shared belief: that protecting the natural world is both a necessity and a moral duty. Over the past year, we have built on the strong foundations laid in our inaugural year—translating intent into impact. With every step forward, we are proving that with passion, integrity, and community support, real change is possible.

Our Mission in Action

At Space for the Wild, we are committed to safeguarding habitats, promoting regenerative farming, and rescuing and rehabilitating wildlife—both native and exotic. As the climate and biodiversity crises intensify, our work becomes ever more urgent. We continue to champion holistic approaches to conservation, putting habitat restoration and long-term ecological health at the heart of all we do.

Highlights from 2024 to 2025

Space for the Wild brand guidelines, which marked an important step in defining our identity. While we are proud to have been created by Jimmy’s Farm and Wildlife Park, these guidelines have helped us establish a distinct platform and voice. This clarity of identity now allows us to communicate our mission more effectively and extend our reach further afield.

Bear Rescue and Strategic Partnerships

We are incredibly proud to have supported the rescue of Diego, a bear in need of urgent rehoming. Building on this success, during he period we deepened our relationship with the Romanian rescue centre Bear Again, laying the groundwork for exciting developments in the 2025 to 2026 period.

Pannington Hall – Future HQ Vision

We continued our discussions with the National Lottery Heritage Fund and submitted a formal bid to support the development of Pannington Hall as the official headquarters of Space for the Wild. We hope this new base will serve as a centre for innovation, conservation, and public engagement.

Education, Outreach and Community Nights

Our Space for the Wild Open Nights returned with renewed energy. These event was one of conservation, storytelling and engagement. By welcoming the public, we helped raise awareness and build support for our ongoing projects.

Collaboration with Nature’s SAFE

We continue to work closely with Nature’s SAFE, one of the UK’s leading charities in cryopreservation and species preservation. In the coming year, we hope to formalise this partnership with a Memorandum of Understanding. As part of our long-term vision, we aim to establish a dedicated conservation and research centre within our proposed HQ at Pannington Hall to support the ground-breaking work of both charities.

Page 2

SPACE FOR THE WILD

(A company limited by guarantee)

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

Financial Overview

For the year ending 28 February 2025, Space for the Wild recorded a total income of £35,211.

Total expenditure was £4,294. We are pleased to report a positive balance, allowing us to carry forward reserves of £37,627 to support our expanding programmes into 2025 and beyond..

Looking Ahead

We enter our third year with renewed energy and ambition. Our priorities include:

As ever, we will continue to ensure that every pound entrusted to us is spent with care, purpose, and impact.

A Message of Thanks

None of this would be possible without our incredible community. To our supporters, donors, and volunteers: thank you for standing with us. Your belief in our mission fuels every success. To my fellow trustees: your wisdom, drive, and dedication are a constant source of inspiration. Special thanks to Stevie Sheppard who continues to research and pursue projects around the globe to further our mission and key objectives.

Together, we are building more than just safe spaces for wildlife—we are helping to secure a future where wild nature can thrive once more.

Thank you for being a part of this journey.

M Doherty Chair of Trustees

Page 3

(A company limited by guarantee)

SPACE FOR THE WILD

TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

The Trustees present their annual report together with the financial statements of the Charity for the 1 March 2024 to 28 February 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

This report highlights the continued growth and achievements of the charity as we build upon the foundations established in our inaugural year.

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The Charity's objects are restricted specifically, and only for the public benefit to promote, for the benefit of the public the conservation, protection and improvement of the physical and natural environment, biodiversity and natural habitats of endangered species by:

Our charitable activities are focused on delivering these objectives in a measurable and impactful way, and we are proud of the achievements made during our first year.

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)'.

Page 4

SPACE FOR THE WILD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

Achievements and performance

a. Main achievements of the Charity

2024–25 has been a transformative year for Space for the Wild, with key achievements including:

Bear Rescue and Partnerships

Building on our first bear rescue, we deepened our relationship with the Romanian rescue centre Bear Again, laying the groundwork for exciting developments in the future. These rescues underscore our commitment to animal welfare and our capacity to respond rapidly to critical needs.

Our collaboration with Jimmy’s Farm and Wildlife Park remains central, enabling expert care and long-term welfare provision for rescued animals. We also deepened our partnership with Bear Again and progressed plans to formalise collaboration with Nature’s SAFE, a leading charity in cryopreservation and biodiversity preservation.

Pannington Hall – Future HQ Vision

We advanced discussions with the National Lottery Heritage Fund and submitted a bid to develop Pannington Hall as our headquarters. This project aims to create a centre for innovation, conservation, and public engagement, ensuring a sustainable platform for our mission.

Education and Public Engagement

Our Open Nights programme returned with strong public participation, transforming conservation into accessible and inspiring experiences for the community. These events fostered awareness of our projects and broadened public support for our mission.

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. Results for the year and reserves policy

For the year ending 28 February 2025, Space for the Wild recorded total income of £35,211 and total expenditure of £4,294.

We are pleased to report a positive balance, with reserves of £37,627 carried forward into 2025–26. These reserves provide financial stability as we expand our conservation programmes and prepare for larger-scale projects.

It is the aim of the charity to maintain unrestricted funds which are free reserves of the charity at a level which equates to approximately 12 months of unrestricted expenditure. We have established a reserves policy to ensure the charity is financially resilient.

Page 5

(A company limited by guarantee)

SPACE FOR THE WILD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

Structure, governance and management

Space for the Wild is a registered charity incorporated in February 2023, governed by our constitution which sets out our objectives, structure, and the responsibilities of the Trustees. The Board of Trustees retains overall responsibility for setting strategic direction, ensuring compliance with our charitable objectives, and overseeing the sound management of funds and resources.

During 2024–25, we strengthened governance through regular Trustee meetings, comprehensive risk reviews, and by advancing long-term strategic planning, including our vision for a future headquarters at Pannington Hall. New Trustees are appointed via a transparent selection process, and ongoing training and development remain in place to ensure the Board continues to operate effectively.

a. Constitution

The charity is constituted as a company limited by guarantee, and is governed by a Memorandum and Articles of Association, last updated in August 2024.

b. Methods of appointment or election of Trustees

New Trustees are appointed through a formal process, ensuring that individuals with the right skills and experience are added to the Board. We also provide ongoing training and development opportunities to ensure Trustees are well-equipped to carry out their responsibilities effectively.

c. Risk Management

The Trustees continue to identify and manage risks in key areas:

d. Plans for the Future

As we enter our third year, our strategic priorities include:

Page 6

(A company limited by guarantee)

SPACE FOR THE WILD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

Structure, governance and management (continued)

e. Conclusion

The Trustees are proud of the progress made in 2024–25 and are energised by the opportunities that lie ahead. From wildlife rescues to habitat restoration and public education, Space for the Wild continues to demonstrate that collective action, guided by compassion and science, can deliver lasting change.

We extend our deepest gratitude to our donors, supporters, and volunteers, whose commitment fuels every achievement. Together, we are building a legacy of conservation that will safeguard habitats, wildlife, and communities for generations to come.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

P Kelly Trustee

Date:

Page 7

(A company limited by guarantee)

SPACE FOR THE WILD

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

Independent examiner's report to the Trustees of Space for the Wild ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 28 February 2025.

Responsibilities and basis of report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

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. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Christopher Yeates FCA DChA

Larking Gowen LLP Chartered Accountants Ipswich

18 November 2025

Page 8

SPACE FOR THE WILD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2025

Note
Income from:
Donations and legacies
3
Fundraising
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
10,362
24,849
35,211
1,725
2,569
4,294
6,710
30,917
37,627		 Total
funds
2025
£
10,362
24,849
35,211
1,725
2,569
4,294
6,710
30,917
37,627		 Total
funds
2024
£
70,904
51,146
122,050
10,734
104,606
115,340
-
6,710
6,710

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 17 form part of these financial statements.

Page 9

SPACE FOR THE WILD (A company limited by guarantee) REGISTERED NUMBER: 14690360

BALANCE SHEET AS AT 28 FEBRUARY 2025

Note
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 1,640
40,632
42,272
(4,610)		 28 February
2025
£
37,662
37,662
37,662
-
37,662
37,662		 80,571
28,419
108,990
(102,280)		 29 February
2024
£
6,710
6,710
6,710
-
6,710
6,710

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

P Kelly Trustee Date:

Page 10

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

1. General information

Space for the Wild is a charitable Company, limited by guarantee without share capital. It has a Charity number of 1209520 and Company number of 14690360. The registered office address can be found on the Charity information page in these financial statements. The principal activity is to promote, for the benefit of the public the conservation, protection and improvement of the physical and natural environment, biodiversity and natural habitats of endangered species.

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 Companies Act 2006.

Space for the Wild 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.

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.

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.

Grants payable are charged in the year 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 year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 11

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

2. Accounting policies (continued)

2.4 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.6 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.

2.7 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.

2.8 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.

Page 12

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

3. Income from donations and legacies

Donations
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
10,362
57,381
13,523		 Total
funds
2025
£
10,362
70,904		 Total
funds
2024
£
70,904

4. Income from fundraising events

Fundraising
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
24,849
49,460
1,686		 Total
funds
2025
£
24,849
51,146		 Total
funds
2024
£
51,146

5. Expenditure on raising funds

Fundraising expenses
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
1,725
10,734
-		 Total
funds
2025
£
1,725
10,734		 Total
funds
2024
£
10,734

Page 13

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

6. Analysis of expenditure by activities

Support costs
Grants
Total 2024
Analysis of support costs
Legal & professional fees
Postage
Stationery
Independent Examiners fees
Bank charges
Sundry expenses		 Grant
funding of
activities
2025
£
-
-
-
100,000		 Support
costs
2025
£
2,569
-
2,569
4,606		 Total
funds
2025
£
2,569
-
2,569
104,606
Total
funds
2025
£
179
-
-
2,180
210
-
2,569		 Total
funds
2024
£
4,606
100,000
104,606
Total
funds
2024
£
-
44
26
2,280
190
2,066
4,606

Page 14

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

7. Analysis of grants

Grants to
Institutions
2025
£
Grant to The Essex Pig Company Limited
-
Total 2024
100,000
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2025
£
-
100,000
2025
£
2,180		 Total
funds
2024
£
100,000
2024
£
2,280

8. Independent examiner's remuneration

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 28 February 2025, no Trustee expenses have been incurred (2024 - nil).

10. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 28 February
2025
£
-
1,640
1,640		 29 February
2024
£
80,571
-
80,571

Page 15

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

11. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income
Grants accrued		 28 February
2025
£
150
4,460
-
4,610		 29 February
2024
£
-
2,280
100,000
102,280

12. Statement of funds

Statement of funds - current year

Balance at 1
March 2024
£
Unrestricted funds
General Funds
6,710
Statement of funds - prior year
Income
£
Unrestricted funds
General Funds
15,209
Restricted funds
Restricted Funds
106,841
Total of funds
122,050		 Income
£
Expenditure
£
35,246
(4,294)
Expenditure
£
Transfers
in/out
£
(4,606)
(3,893)
(110,734)
3,893
(115,340)
-		 Balance at
28 February
2025
£
37,662
Balance at
29 February
2024
£
6,710
-
6,710

Page 16

(A company limited by guarantee)

SPACE FOR THE WILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

12. Statement of funds (continued)

Restricted Funds:

The restricted funds were raised in order to support the rescue of a Brown Bear, ‘Diego’, from a zoo in Orsa Predator Park in Sweden and to provide him with a new enclosure at Jimmy’s Farm and Wildlife Park in Suffolk, UK. The funds were raised via a GoFundMe crowdfunding page, a Charity Ball held in October 2023 and fundraising appeals across social media.

13. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 28 February 2025.

Page 17