R&GIsfERED CHARITY NUMBER: 279598 TRugfEES' REPORT AND UNAUDITED FJNANCIAL STATEf¥tENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 FOR THE GEORGF. ADAMSON & TONY FrrzJoHN WILDLIFE TRUST THE GEORGE ADAMSON & TONY FrrLIOHN WILDLIFE TRUST CONfE￿rS OF THE FINANCIAL STATEMETrrrs FOR THE YEAR ENDED 30 SEFfEMBER 2025 Page Trn$tt¢s' Report IDdependeDt Exalniner's Report Statement of FIuAnci81 Activlties B912nce Sheet Notes to the Financial Ststements to 14 TEIF, GEORGE ADAMSON & TONY Fl'fLJOHN wtLDLIFb TRusr TRUSTEES, RF.PORT FOR THE YEAR EINDED 30 SEFfEMBER2025 The tru8tees pres¢Ilt their rtport with the fin8JiL-ial slalejiiejits of the diarity for the year ended 30 Sepl¢ii)ber 2025. The tru%ttvS have adilplted the provisioiis of Aiiuulltiiig aiid Rtportiiig by C.harities'. Slat¥iiitnt of Reioli￿]ended Praitice appliiable to diiirities pieiiAiiJig their a￿L0}Int$ in a¥iorJanie with the Finwibkai RepDrting StaTrd8rd appliiable in the UK and Repiibli¢ of Irelaiid (FRS 102) (effe￿live l Jajiiiary 2019}. The &iounts have been pr¢pared in aiknoidaiice with the ￿coUntIng poli¢i¢s set out in note I to the accounts ￿ld coiiiply with die trLISt's Twst Dted, and the Charities Act 2011. Objectives and activities The Tni8t's objects are to adTrai1￿C the edukatioii of the piiblic in die SCIen￿e of zoology by the study of wildlife in its n￿1]Iral habitat p￿tI¢ll[arlY in Tanthiia, Kenj'a aiid the reit of Afri￿a. The policies adLttpled in furtheriulie of th¥Se objtLts are tlie di%stmination and piibli￿all0n of rebLarJi dala 9￿d infornialion carried by V￿.i0115 biidies on difftEalt 5pec.ics, the provision of regular teaching fa￿llItieS for sc.lJool-age childr¢ii. tyjubatioiial trips to Jiulioiia] parks, ajid ali eiiviwiui)tJilal ediiidlion prog￿ttime cOndU￿1¢d in the loul ¢oniIiiunities. fhere no cliaiige in thtsc dwllig the reportuig yeai. In iollaEoi?tion with Kenja Wildlife Servsce (KWS). the Trust is focused on the rehabililalion of KoTa Nalional Patk, Kenya. The Trnstees have paid diie regard io guidance i5Eued by the Charity ConimT%%ion in de￿IdIng what a￿tiVItieS the tr￿st sholild tak¢. Mnst of the &tivitj¢b of the TrLlSt have been in aci0rdan￿t with Section l (bl of the TnTgt Deed which slal¢s that in furdieiiUl¥e of the oLijeil>. the Tru* sliall have the power to 'proniott the prbJcTraiion ioIis¢Tr'ation of wildlife gejitrally for the purpib%t of sttjdy and r¢staT￿li info the n8ttiral scitl1￿ts end in p￿tIc.￿lar Zoiilogy, ￿]d to eslabli.4h. fonm. maiiJtHin aiid nI￿lage saiithiari¢s and i)atural re>efv¢s in order to fai-ililat¢ the sttidy of the wildlife and to allow wild aniLMals ￿ld plant life to breed and propagale in their natural ￿1vITOnmelIt.. Public b¢￿tfIt The Trustees have giveii dJe CA)nsidualion to the ChaTLty Conimi%sioii'5 published guid8nce on tlie operation of the Pliblic bejiefit requir#IiictJt. Truqt gctivity The'lnist coiitiniies to focus its cfforts on the rel)abililatli)n and devclopment of Kora Nationa] Park. We held tAte1￿1ve disbllqqlLI115 With KWS lead¢rs]iip, ineliiding the Seiiior A*si%lAnt Direi-tOL". f¢b￿.di1Ig ai¢as of CLKiperatiotJ for in[j￿triCtU￿dl dtvelopin¢iit, support for KWS, th¢ lll]l￿1t￿llt Wildlifr Recovery Progr￿lime for the Friii¥e-eaTed Oryx, id the Coiiimunity OUtrea￿h Progr￿1￿1¢. The Tnisvs aim%, provisiojial and plaTuied alttvilies, are split into six categori¢s: nfrÉLStructute: FO￿Used on developing roads and trai-ks. airstrips, the basL¥can)p ￿ld wo￿£hop, con1mun1￿I)tio￿ nttwoiks, aiid watei- calcliiiicnt. 2. Rediiciii d￿lia ¢ lo Kora e¢ mailll¢jian￿¢. 3. Su pLrt for Ken infrdstructuie. 4. Wildlife RewOV¢ Pro rkuiinie Centred on the I￿0very, prute￿tion, and ￿￿to￿k111g of vllli)traLile Species. 5. CoiiTrni Outr￿￿17 IiIiie.' Including ediii.atioiial support, w%ler prOJe￿t8, and lo￿al eIiiployllTreiit opportunities. 6. ToiTri ].' Siipportijig the develllpIll￿￿lt of sites and faknilities to eiicoiirage 511*1ainable 8rowEh. t￿￿. Including support for developiiient of infr￿trUctUre. and road cleariiig and a Wildlife Serv ces LL).. Ptoviding tsseiitial re￿)Ur￿¢S. vehicle suppo¢ aod development of ws Over the last y¢ar, the collaboiative work in Kora National PaAc has taken iiyirK)rtat]t Steps forward, deliveriiig ad*¢lJiieinails in infi￿truc￿lrc ￿ld roiiiInututy developmenL while strring the stage for the wiid]ife reco*ery progrdtwne for the Friiig¢-cated Oryx (Oryx bei%a callotisl. Page I THE GEORGE ADAMSON & TONY FITZJOIIN WILDLIFE TRUST TRUSIEES, REPORT FOR THE YEAR ENDED 30 sEvfEMBER 2025 Major Aetlvities ID the Field nfrastructure Develo ent and aintenance Signific4tLt effort has been directed toward up8rading base operations and expallding pa￿ acccss.. K&tnpi ya Simba (KYSI Wotkghop.. Maintenattce of all systems, inGluding com￿nU￿1¢￿tIOnS. so1￿. water, and electr&¢ity, is ongoing. A new workshop been tstsblished. Constsuction is undernvay hr new garaging for heaTry plant machinery in the Wor￿]10P area. - Aviation.. Airknrafts whosÈ maintenan¢e is part fi￿ded by the tsu5t reccivcd Certifiuks of AiThvortbin¢ss. The Super Cub twuired complex niaini¢iian¢e in Nairobi, includillg prcsSUt¢ tests on fu¢] tatths and replac¢nient of fu¢1 lines due to a le8k. The main airstiip in thc ￿entre of the park was extended. levelled and Cle5￿¢d by locally recruited te8Jlls. using plant and tnaGhin¢ry part fund¢d by the tmsL and a KWS grader. Thc Kenya Civil ATrialion Authority visit&J ¥Ad approved tlie airstrip for licensing. The n¢w airstrip inthe uorth-east was extended. re-all￿ed, and de-sttunped. lioad Nehvorks.. D¢v¢lopmeDt of road networbs contirLues, ¢mployin8 many workers from the surrounding torDmullitie5 foT bush-¢learing, road n￿l￿tenanCe and oyening-up of old tr￿ks. Teams repaired bad sections of the Mwingi Natioiial Reserve acccss road, 8nd a JCB was deployed for these work5. kn old blade is being used to smooth out comigations on the ac£tss roads. - Communications". The radio network was exp8nd￿l0 widen coverage. Dama oraE Bush ¢l¢aring h&s bc¢ll Carried out ott the wtern and w¢sl¢m sides of the park by tew recwited from the local are4 and support¢d by GA&TFwf fl￿ds. ort for Wildli ervices ws OurpartneT5hip with KWS ¢ontinues to build ort many ycars of worktO8¢th¢r: - Ranger Suprort.. KWS stationed a full tompany of r2ngeT5 in K0￿ Marking th¢ first time in the parws history sudj a deployment has occurred. The Trust's previDUS donation of platoon b&ses enabled these new recn]its to bc aciomtnodatcd. - Infrastrn¢ture for R￿e[S.. Having formally handed over txvo constrncted KWS platoon b&se& the Tn￿ are now planning to ￿Sta1] a 14Tse multi-unit at the new platoon b2se on the w¢st¢rn side of the pèrk. end plan to raise funds for another Miiall base in the north-central aro as well a larger platoon b&se in the north-western ￿ea Iwhi¢h could also support futuretourism dcv¢lopment). - Critical Logistics.. We continu¢ ow support forKWS ranBers in the field through the provision of water fucl. Wildlift R¢tover Pro am -eared Or x bcisa callo The Wildlife Recovery Programrnc for the frin8e-eaTed Oryx is a corncrstonc proj￿¢ for thc lollg-temi enviro]]mental rel￿bilItation attd development of Kora. - Planning and As5¢ssm¢nt. ID collaboration with KWS. we identified the cole ￿¢a for th6 pniMwnm¢, bLsed on habitat, se¢urity, management capzbility, and proximity to illfrasou¢ture alld water sources. Thi5 location showed footprints of a Small number of oryx (two adults ￿ld one calQ- Preparatory Work5.. A new n)ad section WDS opetted to GirGllmvent thi5 cor¢ are4 which will aIso 5eTve as the p¢ripheral fence lin¢ forthe f￿st Construction phase. - Biodivwsity Sutvey.. The r¢search team from th¢ Wildlife Rescarch Training Institute {WRTD conducted tbeir initial recce in August 2025. - Future Infrastructtwe.. Onkne 4)provals are grallted, we will mobiEize to construct the first pl￿e of infr￿ttUcttWe, including apredator-prcM)fti8ht-lo¢k electric paddocL night-titne stabling. watertroughs, and staff ac¢onimod&tion. nit Pro Th¢ Conununity OLrtreth￿h Pro8rBnune is A Vit8] componcnt of the T￿￿t'S missioJL focusing cduc4tion. wat¢r atkd community ¢ngag¢m¢nt.. Pag¢ 2 THF. GEORGI ADAMSON & TONY FITZJOHN WILDLIFE TRUSI. TRUSTEES, RF.PORT FOR THE YEAR ENDED 30 SEVI'EMBER 2025 Educational: A new optji b￿lda M'as conslruknted at Kamauuru Priiiiary School. Gr¢aliii8 Stabilsty aiid nlii¥h-needed ¢0)] SPa￿e for t￿￿herS gllid pupil5. At Aba81i la (Boka) se￿Lindary School, whidi will be the only secondary school in the aTe4 a 950-n)elr¢ perÉmet¢r fet)i¢ was ¢oI]%t￿{ted to pieveiit I￿ld-grabbillg, theft, aiid un￿l)lIt[01]cd gr￿ing by livcslock. CoDStrLILlJoii of a kil￿￿)¢JI and a banda will c4)lnrt)en￿e at Katllit]bini Prunary Sclicol aiid Ikaayuni Primary Scliool in Se.ptenibei 20'?5. Discu8%ioiTrs Oll developiiig TrOialioIial trniniiig at Mildilli5yi Sevondary School. usiiig a large banda co(Jsthi¥led by T￿$15 Afribdn Sc.hools, whi¥h is ¢urt¢Jiily beiiig u%ed for develLipjJig aIid nurtllrllig skills. Water: The Tru%t SUCC¢NsfvIIy ￿011]p]eled the r￿St boreliole projei-t * Kanimbini Prlljiary S¢hoLII. Wattt struck at 190 n)eters and is ekptited to provide niLideidie flow. suffiil¥Jii for the Silioiil's needs and for sliaring with the siirroimdtng ¢oIDiniinity. A Water User Coiiiinitttt ha5 b¢en establislied to tnaTraxe ￿01)i1n￿nilY u8ag& Community Enggg¢ment- The'l'rusl di'ployed a JCB to level badly degraded grouiid at Boka Priniary SGlicKbl to crcule a fcotball pitch. S￿￿r￿ eiiuipin¢ot {filOtball posts and nets and foothalls. volltjbail p)Sts' ￿ld n¥ls and voll¢yballsl do11￿1￿ to four schools. We supported a tea-br¢ak porridge proordltLme at Mbalainbala (Asako) Priiiiary School to help eI).%ute allendan¢e ￿1)id drought condttioJi.%. We doiidltd 110 seedli]w to Katumbiiii Primary School, whi￿h can now k watered using the tt¢w boTehol& Tourism Foni)al approval received for the Histori¢a] Ediikittion Centre and Replica Caiop sites. B115h cleariIig is coiiiplete. and we are ready for CODstruLtion to ¢oiiiIilen￿t, startiiig with die peiiplietaj fenit for the replica cAii)p. This ra￿llity will pion10t￿ the park's histi)ry aiid eticourage tourisln. And fjiially. a rv>iilt of thi5 Iw'd woA( and tlie KWS partnership. Nvg're deltgliled to see anecdotally that the wildlife is coiiiiiig back to Kora. tn Janu*ry 2025, a large herd of ovei" fify-fjve elepbants. pJ￿i￿rIlY feIJiales calwrs, crLI)Ned it]to Kora ￿lJi] nojth ofthe Tana Rivcr. We have had sightijigs of a feinale ow with her ¢alf n¢ar tlie Tatia River. a5 well ￿ a lelipard wid a dieetah with ciibs. Otlier lloIAble sightings lliknliide kudLI. gerttjiuk, z¥br< Wdter bLicK ff4 Ockndsiooal oryx, al￿ a rare sighting of an 83rdvark. FINANCIAL REVIEW Financial po.gition Utve>triKl¢d do1)al￿oJl and gr￿lt Ill￿01￿e in the year. ill¥ludiiig gift aid reiovtrdble. &iiountcd to £122.352 {2024.. £64,671). an inknrea>e of £57.681. Restrivted inkniimc in tlje year aiiioiinttd to £92,856 (2024.. NL.) Ther¢foie. incliidiiig gift aid rtcovetablc. dol￿tiOn and giaiit in￿OI11e in tli¢ yeaT ￿llo￿nted to £215.208. InvestineIJt i￿￿0]11e fell to £13 120.4.. £4471 aIl of wli1￿h K'as uijresliicted. Total inconie for the j¢ar £215,221 (20?4.. £65,118) with £122,36_f relati1￿ to the unr¥sIri￿ted ￿ndS and £92,856 relating to the r&stti¥ted fiinds. The clTraiity's ulueslr1￿tCd eApeIiditure dewF¥as¢d by £39,509 to £103.$60 {2024: £143,069), Restri¥led exp¢Taditure tolalled £46,768 {2024.- £l%tILI. The Chai ity inade a loss on Te*ali)ation of the investnients of £1.870 12024.. a 8ain of £15,926) whi¥li goes through the unr¢Jlrj￿led fviid. Th¢re was u1￿¢Strib1ed net ￿￿OnIe of £10,935 (2024.. £62,025 net eipendittire) and restriiled iiet itt¢Otne of £46,088, whicli 8iTres total net of £63.023. As a rc>iilt, the u1￿¢￿tr&￿ted asid rtslriknted funds at the end of the yL¥r wei'e £164.745 aiid £46,088 Te>peknlively. Totsl fimds aE the eiid of the year were £210.833. Investmeut policy and objeetive5 The tri¥1r￿ Piili¥y of maintainiiig siiffikniettt Tebervrs is to engiire that twelve to eighte¢n moiiths of rnnning costs arc held at all tiiiies, has iolltiniitd to work well. Our core supporter baie has r¢tnaiiied sltadfast in theiT lojalty froi individuals ￿ld ¢liatitsble tTllS1s. The trustecs konsider the unrestri￿tCd reseJv¢s to be sufficient for the ch￿ity'S ntedg. Pa8e 3 THE GEORGE ADAMSON & TONY FITLTOHN WILDLIFE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPIIMBER2025 srRucfuRE. GOVERJYANCE AND MANAGEMINT The trust M'a5 eblablisheA by Trnst Deed as the Kora Wildlifr Trnst on 26 Febnwy 1980 amended by s¢heme5 dated 19 December 1988, 21 September 1990 gnd 14 JgAuary 2025. The name was chang¢d in 1988 to honour George Adamson and to free th¢ Trust from a perceived geographical lillllidlion to its activities. In 2025. agaill the nam¢ ch￿IE¢d to conimemordte our fornier field dRreGtor Tony Fit401)n. New nTrembers ose elected by other trustees at ￿etting5 which ar¢ held not les5 than twice a year. New membcts are invited to join when d)ey 8Je cleatly ablt to o)ntribute specific skills of relevance to the Dbjects of the tsust. AppTopriate training i&provided to all new trustees to they are equipped for their toI¢s. Trusttcs have delegated th¢ day-toaay monagement of the trust to th¢ Treasurer, Co.si￿at0riCS and the administrator in the UK. REFERENCE AND ADMIMSTRATIVE DETAILS Registertd Charity DuThber 279598 Prillcipal address 141A High Street EdeLibnd8e Kent rN8 SAX Trustees R Marshall-Andrews KC P Chauv¢au B Jathian (resigncd 7.5.2025) A Marrian A Harbord J Thomson Ichairnall) R Co1￿ (resigned 2.12.20241 K Grant S Ne￿kar M Chaplin D Peaccck Indepelldtot Examiner Keclings Limited Chartered T&K Advisers and Chartered Certified Accountants Bioad House l The Broadway Old Hatfield Herfordshire AL9 5BG Approved by order of the board of trust￿5 on 26 January 2026 and si￿ed on its behalf by.. J Thomson. Th]stee Page 4 INDEPENDENT EMMINER'S REPORT TO THE TRUSTEES OF THE GEORGE ADAMSOIN & TOEIY FITZJOHN WILDLIFE TRUST Independent examiDer's report to the tru$tees of The George Adxm40n & Tony Fitzjobu Wildlife Trust T I'e&iilrt to the CITr￿￿ty trLlSteiS on iny tAaii)iiialion of the aCLounts Df The George Adan)son & Tony Fit4ohn Wildlife Trust (the Tn]st} for the y￿r tjided 30 Seplciiibtr 2025. ReJpoTisibilities and b#sis of r¥poi1 As the cliaiity trLi4lt￿S of the Trust you ate fv'spoii¥ible for the pr¢paration of the aicounts in ac(ordai)ie with th¢ reiiuireiiieiits of the Cliarities Act 2011 ('die Act). I report in r￿*pe¥t of my e*dmiiialioii of the Tn￿t'S aiiounts carried out uiider Seition 145 of the Act aiid in carryiiig oiit Iny t_￿illiliaI10n I have followed all appliiable Dire￿￿10n5 8iveJi by the Charity Cominis£iOn unde¥ Setylion 14515Xb} of the Act. Illdtpendent examin¢r's stateffteDt I have i4)iiipltled ffly exaiiiiiiation. l eoiifTh that no mattrial iknatt¢rs have com¢ to my atteiition in coill)¢kntion with the examination giving me uaiise to believe that in at]y niaieri31 respeknt.. a¥￿L7t1￿tllIg re£ords were noi kept in Tespect of the Trust as re4uira by Sekntion 130 of the Act. or the accouiits do iicrt aliord with tho?e reii)rdi', or the aiiLTrunts do not ioiiiply wilh the appli￿&b}e requiremen￿ Con￿¢r111ng the fonn and ¢otJtent of aKiount5 Set out in the Cliarities (Accoiints ￿ld Reports) Rcgulations 2008 otlier tlian ￿lY iEqUireJii￿it that the &iounts givc a true and fair view whicli Is Doi a niattti" coiisidbred ￿ part of ind¢peiideiit exsulliiialion. I have no COn¥ems have ¢o¥iie aifLlsS lio Other niattt[S jll ¢{Ni￿]e￿"110ll with the t￿T￿l￿￿tiOn to whith attet)tion should be drkLwn in thi5 l¢P)rt in order to eIiable a pioptr undelslklliding of the acioiiIilS to be reawhed. Rekhon Ali ACCA Keelings Limited Cliartcied T&x Advisets and Cliarteied Certificd Aiiourtlants Broad l.1011se l The BroadwF4y Old Hatfield Hertford.-hire AL9 511G 26 j￿Illary 20?6 Page 5 THE GEORGE ADAMSON & TONY FrrLIOHN WILDLIFE TRUST STATEMEKf OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 Total ft%tsd$ 2024 Total funds U￿r¢str￿Cted fvnd Re5tri¢ted funds Notes INCOME AND ENDOWMENTS FROM Dollation5 and legacies 122?52 92356 215208 64.671 447 Invesknent iEw>rne 13 13 65,118 Totgl 12¥65 92,856 215221 EXPEP4DITURE ON Charitable Activities ChaTitsble Activities 103.560 46,768 150J28 143.069 Net gaIn￿(lOSseS) on investm6nts U170) (lJ70) 15.926 NET INCOMKI1￿ENDrr[rRE) 16,935 46.088 63.023 (62.025) RECONCILIATION OF FUNDS Total funds brought forward 147.810 147,810 209,835 TOTAL FUNDS CARRIED FORWARD 164.745 46.088 210.833 147.810 CONnNUtNG OPERATIONS The slÈtement of f￿anCial activities includes all gains and losses rem￿lS¢d ati the ycAr. The notes forni part of th¢se finÉncia] statements Page 6 THE GEORGE ADAMSON & TONY FrrzJoHN WILDLIFE TRUST BALANCE SHEET 30 SEFfEMBER 2025 2025 Totgl funds 2024 Total nds Unrtstrikni fund Reslrivted fillid5 Nolts FIXED ASSETS Inv¥slTn¢Iits 120,432 120,432 122.403 CURIiF.iYr ASSETS Debiors.. ainouiits falling due within one year Cash at baI]k 7,740 43,852 7,740 89.940 8,331 22,176 46.088 51592 46,088 97.680 30,507 NET CURRENT ASSETS 51592 46,088 97,680 30.507 TOI'AL ASSETS LESS CURRENT LIABILITIES 172.124 46,088 218,212 152,910 ACCRUALS AND DEFERRED INCOME (7J79) (7a79} 15,100} NET ASSETS 164.745 46,088 210,833 147,810 FLQ¥DS 10 Unreilri¥ted funds Rt>trjited fuiids 164.745 46,088 147.810 TOTAL FUNDS 210,833 147.810 The financial staten)&ils were appioved by the Board of Tnjsttts and auth0Th5ed for ibsue on 26 Janijary 2026 and were $i￿ed on its beh8lf by.. J Thoinh equiTraleIits in¢ltsde Li35h in haiid. deJh)sits held at oll with bank￿. other short-terni liouid inve£lineiit5 with original n)aftii'ili¢s of three mont115 or liNNq, ￿]d ate basic fin￿1ClaI a%K¢Is. Fin8ncial iD8truments The ttiiqt hts clt¥ted to apply the provisioiis of Sebtioii I I 'Basic Finall￿la1 Insic finaneial assets BIL sic fiiidIitsial tssels, which iJicliid¢ debtiirs and cash and balanves, are initially meL2%ured ai trdlISa￿tloiI Pfiit in¢liidiiig trAri%action Gosts. Fi118ll¥ia] asJ¢lS ¢las4ified as rtkntivablc withirt oi)e?ear are iiot amortised. Ba.sic fin8Dcial liabilities BIL sic fiiixttuial liahilitjcs. in¢ludiJig ¢iediliirs ￿]d baith loaTlS inilially Itlogiiiqed at ti'aiisaction pi'ice ullless t]ie 2rrdiig¢iiieiJt ￿011411￿7tts a fiiiat]ciiig tr￿1%4￿￿-tI0n. wh¢ie the debt instrniii¢iit is 5iiied at th¢ pr¥S¢Jlt valiie of the fiilure payIiieIits dis¢ciutiled at a M￿.k¢t late of ffttercst. Fillankn￿al liabilities rlassified as pajable within one yknar are not 8morDsed. DerecognitioD Of flnancial liabilitie5 FinaDiial liabilities are dettiogiiised whett tlie trust's coiitrai*ual obligJlions expire or are disbharged or n￿elled. Accounting e5tim#tes and signÉficaut judgetnents In the appli￿￿110￿1 of the tniqt's avioiintiiiu policies. the Truste¢s art iwuira to niake jiidgeiJietit5. es1iinal¢s and assiiiiiption5 aiK)ut tlie ¢arryiJig ￿lIOL￿t of as>els aiid liabilitit5 that are not riadily appat¢Jit from other Sour￿¢$. The esliiiiatts aiid as%il¥ldled &KilllllPtions ar¢ ed on historiwal txp¢rieJiie wid otheT f￿1<71.5 that are considered to be rele&ant. Actual r¢sults iiiay differ from these estiiii#les. The trU%teti do not coiisider tjiat there are ciin¢&iily any jiidsemellts aiio eNtiii)ates of nilte. DONATIOP4S AND LEGACIES Unrestricted funds Re5tiicted funds Total 2025 Total 2024 DonAtiOJJ5 and gills G￿11$ 122,352 172,708 42,$00 54,671 10.000 42,$00 122,352 92.856 215,208 64.671 Pa8e 9 coi)linued... THE GEORGE ADAMSON & TONY FrrLFOHN WILDLIFE TRUST NOTES TO THE FINANCIAL sfATEMENfs- tontiuued FOR THE YEAR EPIDED 30 SEvfEMBER 2025 Th￿STMENT 2025 2024 13 447 tnvesknellts CHARrrABLE AcrivrrIFS cosrs 2025 2024 PlÈne costs 8nd a$9Jciated wsts Travel MedicaL insiifdlLce Webbile c4)CS Accounlatlty7 and independent e.xatlliDalion Other Costs 13.939 2.219 5,724 4.236 Govetnanr Governance 6.000 16,045 5,100 3,485 Govemance Governance 38203 18,545 Pagc 10 ontinued... THE GEORGE ADAMSON & TONY FITZJOHN WILDLIFE TRiIST NOTES I'O THE FINANCIAL STATEME4NTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 TRUSTEES, REMUNEILITION AND BENEFITS Trustees, expell%es Tliere were no tru%ie¥'S' expens¢s paid for the year ejided 30 Seplembtt 2025 nor for th¢ yiar ellded 30 SepleJiiEer 2024. No Thitec5 (or wiy peryons c0juie￿t¢O with th¢in) re￿e1ved any rcmuiieiation dLtrii)g the year or135t year. co￿￿PARATIVEs FOR I'HE sfATEMENf OF FINANCIAL ACI'IVITIES Unr¢>trivled fiind Restricted fuiids Tot81 nd5 IP4COME AND NDOWMENTS FROM Doiiation5 wid Itua￿leS 64,671 64,671 Inv¢%tn)eiit illknOITI¢ 447 447 Total 65,118 EXPENDITURE ON Charitshle activities Charitable Activities 143.069 143,069 Net gain5 on inve>ttnents 15,926 15.926 NET INCOMEI(EXPENDITURE} 162,0251 (62.025} RbCOTrICILIATION OF f4UNDS Totsl fvnas broiight fOrn¥￿d 209.835 209,835 TOTAL FUNDS CARIUED FORWARD 147.810 147,810 FIXED ASSET INVESTMENTS Listed (￿RKET VALUE At l Otylober 2024 Refvaluatioiis 122,403 (1,871) At30 S¢pt¢znber 2025 120 432 NET BOOK VALUE At 30 Sepleiiiber 2025 120,532 At 30 Sept¢nib¢r 2024 122.403 There were no iniesttiieIit ag)¢ts oiitside the UK. Pagell contirtued... THE GEORGE ADAMSON & TONY FrrzJoHN WILDLIFE TRusr NOTES TO THE FINANCIAL STATEll￿NTS- tontillued FOR THE YEAR ENDED 30 sEvfEMBER 2025 FIXED ASSET INVESTMENfs- continued Cost orvaluation at 30 S¢ptember 2025 is reprc5cnt¢d by.. Listed investments Valuation ill 2018 Valuation in 2019 Valuation in 2020 Va]uation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Va]uation in 2025 726 15.033 11,457 28,268 31,822 9.171 24,926 (1,871) 120532 DEBTORS: AMOUNTS FALL￿G DUE wrriiIN Of4E YEAR 2025 2024 PrepaYm￿lts and accrned income 7.740 8J31 ACCRUALS AND DEFERRED INCOM 2025 2024 Accruals and deferred income 7J79 5,100 io. MOVEMENT IN FUNDS Net movement in funds At 1.10.24 At 30.9.25 Unrestricted fuDds General fmlld 147,810 IA935 164,745 Re5trtcted fuDds NatjOll8] Patk ￿f[9stnkn Fund TAS Continiiaiion and Growth Kord Maintengnce Fund 5.081 35,000 6,007 5.081 35,000 6,007 46.088 46,088 TOTAL FUNDS 147.810 63,023 210,833 Page 12 continued... THE GEORGE ADAMSON & TONY FrrzJoHN WILDLIFF. TRUST NOTES TO THE FINANCIAL sfATEMENI"S- CODtiDued FOR THE YEAR ENDED 30 SEFI'EMBER 2025 MOVEMENT biTIYDS- continued io. Net moveiiient in fifftd5, ittcliided in the ab)*e are ￿ follo￿'S.. Incoming r¢sourknts Re￿7[1￿￿$ expeiided Gaills and 10ssGS Mowtii)tiit in ￿lidS Unre5tri£ted futLds General fui)d (101,560) (1,870) 16,935 122?65 Restricled funds INatioiial Pai'k InfiJ>truvttiie Fuiid TAS Coiitinuation ￿]d Grothrth Kor&MathitiiHnce Fund 5,081 3S,000 6,007 SOJ56 35.000 7,500 (45.275) (1.493) 92356 (46,768) 46,088 (1,870) 63,1123 TOTAL FUNDS 215321 (150J28) Compgrativ¢$ for move￿ellt in fund5 Net oweinci in fi]iids At 1.10.23 At 30.9.24 Uur¢stricted funds G￿le[al fuiid (62,025 } 147,810 209,835 209,835 {62,025) 147,810 TOTAL FUNDS Cx)nipargtive net movtmti)t in tunds, incliided itt the above are ￿ follows: Inconiing Rt50ufi¢S t.￿p¢llded Gaiiis ?￿d Mowtnient in fvijds Unrestricted fuods 65,118 (143,069) 15,926 (62,025) 162.025) TOTAL FUNDS 65,118 (143.069) Page 13 ¢oDtinua... THE CEORGE ADAMSON & TONY FITZJOHN WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMEPITS. conttnued FOR THE YEARENDED 30 SEFfEMBER 2025 io. MoVE1￿￿Tr[r IN FUNDS- Continued atu fthe nds Nation31 Park IDfra$trnctllre Fujjd - this fund is to support th¢ trLisVs work in Kora - specifically these funds n be used towards the pur¥hase and operation of teGlmical equipment for building infr&5truGture of the n8tional park, for wildlife management of animals in their natural habil&t purthase of seNi¢es related to prote￿tiOn of animals in the fight agaiiist p0￿hing and monitnring of thtm. con)munity outrcacb and enviroDmentsl education aclivities in settlemuits neighbo uringthe national park. TAS Cottttnuation and Growth - this fvnd is to support the continuation and gToNrfI of thc commuttity outteach progtam 'Trusls for Afric￿ Sch(H)Is' (TAS). Funds go towards supporting sch(M)Is in the collllnunities surroluiding KoraNatiollal P ark. Kora MaitLÉeDaoce Futsd- this fimd will be used to wntiibute towards running G05ts of thc plant ￿ath1￿Cry atLd vehicl¢s. including fuel, tyes and vtljicle ￿￿￿te￿ance, for KWS vehiclc support. the development of the accc55 roads includin8 to bus h-cltarthe 2￿cess road5 and prote￿￿10￿ ofthe riverine for¢sL ii. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year enda 30 September 2025. Pa8c 14