##
##
##
||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity,|its Trustees and Advisers||
|Trustees'
Report|||||2-17|
|Independent|Auditors'|Report|on the Financial Statements||18-21|
|Consolidated|Statement of Financial Activities||||22|
|Consolidated|Balance|Sheet|||23-24|
|Charity Balance Sheet|||||25-26|
|Consolidated|Statement ofCash Flows||||27|
|Notes to the|Financial|Statements|||28-57|
##
##
##
|Trustees|||Dr Robin Bidwell|CBE,Chair|CBE,Chair|CBE,Chair|CBE,Chair|||
|---|---|---|---|---|---|---|---|---|---|
||||Mr Andrew
Powell|||||||
||||Ms Idunn
Eidheim|||||||
||||Ms Charlotte
Wolff-Bye|||||||
||||Dr Jennifer Zerk|||||||
||||Mr James Sloane|||||||
||||Dr Kathleen
Mackinnon|||||||
||||Mr Alasdair Poore|||||||
||||Professor William|Adams||||||
||||Mr Robin Mortimer|||||||
|Company|registered|||||||||
|number|||02330031|||||||
|Charity registered||||||||||
|number|||328044|||||||
|Registered||office|219 Huntingdon
Road|||||||
||||Cambridge|||||||
||||CB3 ODL|||||||
|Key Management|||Mr Jonathan
Hughes,|||Chief Executive Officer||||
|Personnel|||Professor
Neil Burgess, Chief Scientist|||||||
||||Mr Evgeny Dmitriev||(resigned|||May 2021)||
||||Dr Naomi
Kingston,||Head of Operations|||||
||||Ms Hannah
Braithwaite,||||Head|of External|Affairs|
|Independent||auditors|Peters Elworthy 8 Moore|||||||
||||Chartered
Accountants|||||||
||||Salisbury
House|||||||
||||Station Road|||||||
||||Cambridge|||||||
||||CB1 2LA|||||||
|Bankers|||Barclays Bank|||||||
||||9-11StAndrews|Street||||||
||||Cambridge|||||||
||||CB2 3AA|||||||
|Solicitors|||Mills and Reeve|||||||
||||Botanic House|||||||
||||100 Hills Road|||||||
||||Cambridge|||||||
||||CB2 1PH|||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020|2020|2020|2019|
|||Note|||||
|INCOME FROM:|||||||
|Donations|||1,027,111||1,027,111|917,041|
|Charitable
activities|||9,278,257|4,920,035|14,198,292|11,753,038|
|Other trading
activities|||55,944||55,944|61,538|
|Investments||||52|52||
|TOTAL INCOME|||10,361,312|4,920,087|15,281,399|12,731,617|
|EXPENDITURE ON:|||||||
|Charitable
activities||8|10,215,459|4,946,144|15,161,603|12,509,086|
|TOTAL EXPENDITURE|||10,215,459|4,946,144|15,161,603|12,509,086|
|NET MOVEMENT|IN FUNDS||145,853|(26,057)|119,796|222,531|
|RECONCILIATION|OF FUNDS:||||||
|Total funds brought|forward||3,162,614|758,473|3,921,087|3,698,556|
|Net movement
in funds|||145,853|(26,057)|119,796|222,531|
|TOTAL FUNDS CARRIED FORWARD|||3,308,467|732,416|4,040,883|3,921,087|
##
##
##
##
##
##
||||||||As restated|
|---|---|---|---|---|---|---|---|
||||||2020||2019|
||||Note|||||
|FIXEDASSETS||||||||
|Intangible
assets|||13||13,029||57,285|
|Tangible assets|||14||1,069,254||1,003,467|
|Investments|||15||||859|
|Social investments|||16||642,928||759,145|
||||||1,725,211||1,820,756|
|CURRENT ASSETS||||||||
|Debtors|||17|2,999,570||3,432,162||
|Cash at bank and|in|hand||9,144,333||6,187,811||
|||||12,143,903||9,619,973||
|Creditors: amounts|falling due within one|||||||
|year|||18|(9,457,766)||(7,518,970)||
|NET CURRENT ASSETS|||||2,686,137||2,101,003|
|Creditors: amounts|falling due after more|||||||
|than one year|||19||(459,953)|||
|TOTAL NET ASSETS|||||3,951,395||3,921,759|
|CHARITY FUNDS||||||||
|Restricted funds:||||||||
|General
unrestricted||funds|22|2,869,112||2,861,007||
|Designated
funds|||22|1,082,283||1,060,752||
|Total unrestricted|funds||22||3,951,395||3,921,759|
|TOTAL FUNDS|||||3,951,395||3,921,759|
##
##
##
##
|||||2020|2019|
|---|---|---|---|---|---|
||||Note||E|
|CASH FLOWS FROM OPERATING ACTIVITIES||||||
|Net cash|used
in operating
activities||24|3,327,162|3,951,341|
|CASH FLOWS FROM INVESTING ACTIVITIES||||||
|Dividends,|interests
and rents from investments|||52||
|Purchase|of intangible
assets|||(8,000)||
|Purchase|oftangible
fixed assets|||(233,256)|(83,669)|
|NET CASH USED IN INVESTING ACTIVITIES||||(241,204)|(83,669)|
|CHANGE|IN CASH AND CASH EQUIVALENTS|IN THE YEAR||3,085,958|3,867,672|
|Cash and|cash equivalents
at the beginning
ofthe year|||6,187,843|2,320,171|
|CASH AND CASH EQUIVALENTS AT THE END||OF THE YEAR|25|9,273,801|6,187,843|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020f|2020|2019|
|Project|income|9,278,257|4,920,035|14,198,292|11,753,038|
|TOTAL|2019|8,937,676|2,815,362|11,753,038||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
||Rent|55,944|55,944|61,538|
||TOTAL 2019|61,538|61,538||
|7.|INVESTMENT INCOME||||
|||Restricted|Total|Total|
|||funds|funds|funds|
|||2020|2020|2019|
||Bank interest||52||
||||52||
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
|Support of conservation|and biodiversity|||||
|initiatives||10,215,459|4,946,144|15,161,603|12,509,086|
|TOTAL 2019||9,693,052|2,816,034|12,509,086||
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
|Support of conservation|and biodiversity|||||
|initiatives||11,711,125|3,450,478|15,161,603|12,509,086|
|TOTAL 2019||8,811,079|3,698,007|12,509,086||
##
##
##
##
##
||||Support of|||
|---|---|---|---|---|---|
||||conservation|||
||||and|||
||||biodiversity|Total|Total|
||||initiatives|funds|funds|
||||2020|2020|2019|
|Staff costs|||5,387,349|5,387,349|4,669,838|
|Collaborators|& consultants||6,233,817|6,233,817|3,330,249|
|Travel and subsistence|||168,793|168,793|882,561|
|Conferences|and|meetings|7,576|7,576|4,857|
|Foreign currency||(gain)/loss|(86,410)|(86,410)|(76,426)|
||||11,711,125|11,711,125|8,811,079|
|TOTAL 2019|||8,811,079|8,811,079||
##
##
##
##
|||Support of|||
|---|---|---|---|---|
|||conservation|||
|||and|||
|||biodiversity|Total|Total|
|||initiatives|funds|funds|
|||2020|2020|2019|
|Staff costs||852,674|852,674|739,111|
|Staff training|and welfare|133,155|133,155|274,461|
|Promotion||20,363|20,363|27,212|
|Printing,
postage and stationery||83,700|83,700|97,933|
|Subscriptions||272,352|272,352|269,822|
|Premises costs||146,167|146,167|157,379|
|Insurance
costs||69,617|69,617|84,330|
|Office equipment||1,346,979|1,346,979|1,352,161|
|Bank charges||12,558|12,558|18,213|
|Bad debts||50,000|50,000||
|Depreciation||217,913|217,913|165,527|
|Other||151,896|151,896|432,003|
|Governance|costs (note 10)|93,104|93,104|79,855|
|||3,450,478|3,450,478|3,698,007|
|TOTAL 2019||3,698,007|3,698,007||
##
|Analysis ofgovernance
costs|||
|---|---|---|
||2020|2019|
|Legal and professional|69,878|47,785|
|Trustee expenses|1,127|3,774|
|Audit fees|22,099|28,296|
||93,104|79,855|
##
##
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||F||
|Fees payable|to the Charity's|auditor||for the audit ofthe Charity's|annual|||
|accounts||||||12,500|14,150|
|Fees payable|to the Charity's|auditor||in respect of:||||
|All non-audit|services not included||above|||3,500|9,260|
##
||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2020|2019|2020|2019|
|Wages and salaries|5,207,006|4,476,945|5,110,251|4,476,945|
|Social security costs|500,138|447,677|482,183|447,677|
|Pension costs|532,879|484,327|528,918|484,327|
||6,240,023|5,408,949|6,121,352|5,408,949|
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
||||No.|No.|No.|No.|
|Management|and administration||16|12|13|12|
|Research and|operational|staff|145|121|143|121|
||||161|133|156|133|
##
##
##
|Group|Group|
|---|---|
|2020|2019|
|No.|No.|
##
##
##
|13.|INTANGIBLE ASSETS||
|---|---|---|
||GROUP AND CHARITY||
|||Software|
||COST||
||At 1 January 2020|150,090|
||Additions|8,000|
||At 31 December 2020|158,090|
||AMORTISATION||
||At 1 January 2020|92,805|
||Charge for the year|52,256|
||At 31 December 2020|145,061|
||NET BOOK VALUE||
||At 31 December 2020|13,029|
||At 31 December 2019|57,285|
##
##
##
##
##
||Long-term|Fixtures,|||
|---|---|---|---|---|
||leasehold|fittings and|Computer||
||property|equipment|equipment|Total|
|COST OR VALUATION|||||
|At 1 January 2020|1,698,932|114,646|255,964|2,069,542|
|Additions||118,330|114,924|233,254|
|At 31 December 2020|1,698,932|232,976|370,888|2,302,796|
|DEPRECIATION|||||
|At 1 January 2020|899,286|51,868|114,921|1,066,075|
|Charge for the year|33,978|28,901|102,778|165,657|
|Foreign exchange
movement||(2)||(2)|
|At 31 December 2020|933,264|80,767|217,699|1,231,730|
|NET BOOK VALUE|||||
|At 31 December 2020|765,668|152,209|153,189|1,071,066|
|At 31 December 2019|799,646|62,778|141,043|1,003,467|
##
##
##
##
##
||Long-term|Fixtures,|||
|---|---|---|---|---|
||leasehold|fittings and|Computer||
||property|equipment|equipment|Total|
|COST OR VALUATION|||||
|At 1 January 2020|1,698,932|114,646|255,964|2,069,542|
|Additions||116,367|114,924|231,291|
|At 31 December 2020|1,698,932|231,013|370,888|2,300,833|
|DEPRECIATION|||||
|At 1 January 2020|899,286|51,868|114,921|1,066,075|
|Charge for the year|33,978|28,748|102,778|165,504|
|At 31 December 2020|933,264|80,616|217,699|1,231,579|
|NET BOOK VALUE|||||
|At 31 December 2020|765,668|150,397|153,189|1,069,254|
|At 31 December 2019|799,646|62,778|141,043|1,003,467|
##
##
##
##
##
||||Investments|
|---|---|---|---|
||||in|
||||subsidiary|
||||companies|
|At 1 January 2020 (as|previously|stated)|760,004|
|Prior year adjustment|(note 16)||(759,145)|
|At 1 January 2020 (as|restated)||859|
|Disposals|||(859)|
|AT 31 DECEMBER 2020||||
|NET BOOK VALUE||||
|At 31 December 2020||||
||||859|
|At 31 December 2019|(as restated)|||
##
##
##
##
##
||||Programme|
|---|---|---|---|
||||related|
||||investments|
|COST OR VALUATION||||
|At 1 January 2020 (as|previously|stated)||
|Prior year adjustment|(note 15)||759,145|
||||759,145|
|IMPAIRMENT
PROVISION||||
|Provision
for the year|||(116,217)|
||||116,217|
|NET BOOK VALUE||||
|At 31 December 2020|||642,928|
|At 31 December 2019|(as restated)||759,145|
##
##
##
##
##
||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|2020|2019|
|||||||||E|||
|DUE WITHIN ONE||YEAR|||||||||
|Trade debtors|||||||1,365,187|2,305,922|1,365,187|2,305,922|
|Accrued
income|||||||1,291,109|860,301|1,291,109|860,301|
|Other debtors|||||||183,701|171,101|175,160|171,101|
|Prepayments|||||||82,691|60,090|125,524|60,085|
|Financial
assets|at||fair|value|through|profit|||||
|and loss|||||||42,590|34,753|42,590|34,753|
||||||||2,965,278|3,432,167|2,999,570|3,432,162|
|CREDITORS: AMOUNTS||||FALLING DUE||WITHIN|ONE YEAR||||
||||||||Group|Group|Charity|Charity|
||||||||2020|2019|2020|2019|
|Trade creditors|||||||352,972|267,512|344,955|267,512|
|Amounts
owed to|group undertakings||||||||218,496|759,999|
|Other taxation and||social||security|||161,662|137,528|160,723|137,527|
|Other creditors|||||||95,762|110,109|79,077|109,406|
|Accruals and deferred|||income||||8,660,760|6,189,105|8,643,380|6,189,105|
|Financial
liabilities||at|fair|value|through|profit|||||
|and loss|||||||11,135|55,421|11,135|55,421|
||||||||9,282,291|6,759,675|9,457,766|7,518,970|
##
##
##
##
##
||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2020|2019|2020|2019|
|||||||E|||
||||||Group|Group|Charity|Charity|
||||||2020|2019|2020|2019|
|Deferred|income at||1 January 2020||5,849,305|2,429,418|5,849,305|2,429,418|
|Resources deferred|||during the year||8,119,450|5,849,305|8,112,166|5,849,305|
|Amounts|released|from previous||periods|(5,849,305)|(2,429,418)|(5,849,305)|(2,429,418)|
||||||8,119,450|5,849,305|8,112,166|5,849,305|
##
||||||Charity|Charity|
|---|---|---|---|---|---|---|
||||||2020|2019|
|Amounts|owed|to|group|undertakings|459,953||
##
##
##
##
||||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019|2020|2019|
|||||||||||E|||
|FINANCIAL||ASSETS|||||||||||
|Financial||assets|measured||at|fair|value||||||
|through|income and||expenditure||||||9,316,391|6,222,596|9,186,923|6,222,564|
||||||||||Group|Group|Charity|Charity|
||||||||||2020|2019|2020|2019|
|FINANCIAL||LIABILITIES|||||||||||
|Derivative||financial|instruments||measured|||at|||||
|fair
value||through|income|and||expenditure|||||||
|held as|part ofa trading
portfolio||||||||(11,135)|(55,421)|(11,135)|(55,421)|
##
##
##
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1||||31|
||||January|||Transfers|December|
||||2020|Income|Expenditure|in/out|2020|
|UNRESTRICTED FUNDS||||||||
|Unrestricted|general|funds|2,101,862|10,361,312|(10,215,459)|(21,531)|2,226,184|
|Designated|funds -|Fixed Asset||||||
|fund|||1,060,752|||21,531|1,082,283|
||||3,162,614|10,361,312|(10,215,459)||3,308,467|
|RESTRICTED FUNDS||||||||
|WCMC Beijing|||758,473|101,298|(123,893)||735,878|
|WCMC Europe||||79,211|(82,673)||(3,462)|
|Restricted|projects|||4,739,578|(4,739,578)|||
||||758,473|4,920,087|(4,946,144)||732,416|
|TOTAL OF FUNDS|||3,921,087|15,281,399|(15,161,603)||4,040,883|
##
##
##
##
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at||||31|
|||||1 January|As restated|As restated|Transfers|December|
|||||2019|Income|Expenditure|in/out|2019|
|||||F|||P||
|UNRESTRICTED FUNDS|||||||||
|Unrestricted||general|funds|2,559,235|12,731,617|(12,508,414)|(680,576)|2,101,862|
|Designated||funds -|Fixed Asset||||||
|fund||||1,139,321|||(78,569)|1,060,752|
|||||3,698,556|12,731,617|(12,508,414)|(759,145)|3,162,614|
|RESTRICTED FUNDS|||||||||
|WCMC Beijing||||||(672)|759,145|758,473|
|Restricted|projects||||2,815,362|(2,815,362)|||
||||||2,815,362|(2,816,034)|759,145|758,473|
|TOTAL OF||FUNDS||3,698,556|15,546,979|(15,324,448)||3,921,087|
##
##
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||31|
||||1 January|||Transfers|Gains/|December|
||||2020|Income|Expenditure|in/out|(losses)|2020|
||||f||||f||
|UNRESTRICTED|||||||||
|FUNDS|||||||||
|Unrestricted|||||||||
|general funds|||2,861,007|10,535,940|(10,390,087)|(21,531)|(116,217)|2,869,112|
|Designated
fixed asset||funds-
fund|1,060,752|||21,531||1,082,283|
||||3,921,759|10,535,940|(10,390,087)||(116,217)|3,951,395|
|RESTRICTED|||||||||
|FUNDS|||||||||
|Restricted|projects|||4,739,578|(4,739,578)||||
|||||4,739,578|(4,739,578)||||
|TOTAL OF
FUNDS|||3,921,759|15,275,518|(15,129,665)||(116,217)|3,951,395|
##
##
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||31|
||||1 January|||Transfers|Gains/|December|
||||2019|Income|Expenditure|in/out|(losses)|2019|
||||f||||f||
|UNRESTRICTED|||||||||
|FUNDS|||||||||
|Unrestricted|||||||||
|general funds|||2,559,235|9,916,255|(9,693,052)|78,569||2,861,007|
|Designated
fixed asset||funds-
fund|1,139,321|||(78,569)||1,060,752|
||||3,698,556|9,916,255|(9,693,052)|||3,921,759|
|RESTRICTED|||||||||
|FUNDS|||||||||
|Restricted|projects|||2,815,362|(2,815,362)||||
|||||2,815,362|(2,815,362)||||
|TOTAL OF
FUNDS|||3,698,556|12,731,617|(12,508,414)|||3,921,759|
##
##
##
##
##
##
|GROUP|ANALYSIS OF NET ASSETS BETW|EEN FUNDS - CURRENT PERI|OD||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|Tangible|fixed assets|1,069,254|1,812|1,071,066|
|Intangible|fixed assets|13,029||13,029|
|Current assets||11,411,688|827,391|12,239,079|
|Creditors|due within one year|(9,185,504)|(96,787)|(9,282,291)|
|TOTAL||3,308,467|732,416|4,040,883|
##
|GROUP|ANALYSIS OF NET ASSETS BETW|EEN FUNDS - PRIOR PERIOD|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2019|2019|2019|
||||F||
|Tangible|fixed assets|1,003,467||1,003,467|
|Intangible|fixed assets|57,285||57,285|
|Current assets||8,860,833|759,177|9,620,010|
|Creditors|due within one year|(6,758,971)|(704)|(6,759,675)|
|TOTAL||3,162,614|758,473|3,921,087|
##
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Tangible|fixed assets|1,069,254|1,069,254|
|Intangible|fixed assets|13,029|13,029|
|Investments||642,928|642,928|
|Current assets||12,143,903|12,143,903|
|Creditors|due within one year|(9,457,766)|(9,457,766)|
|Creditors|due after one year|(459,953)|(459,953)|
|TOTAL||3,951,395|3,951,395|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2019|2019|
|Tangible|fixed assets|1,003,467|1,003,467|
|Intangible|fixed assets|57,285|57,285|
|Investments||760,004|760,004|
|Current assets||9,619,973|9,619,973|
|Creditors|due within one year|(7,518,970)|(7,518,970)|
|||3,921,759|3,921,759|
##
##
##
||RECONCILIATION|RECONCILIATION|OF NET MOVEMENT|IN|FUNDS|TO|NET CASH|FLOW FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|---|
|24.|ACTIVITIES|||||||||
|||||||||Group|Group|
|||||||||2020|2019|
||Net income|for the period (as per Statement||of Financial||Activities)||119,796|222,531|
||ADJUSTMENTS FOR:|||||||||
||Depreciation|charges||||||165,657|117,976|
||Amortisation|charges||||||52,256|44,262|
||Dividends,|interests|and rents from investments|||||(52)||
||Decrease
in debtors|||||||474,726|443,295|
||Increase
in|creditors||||||2,566,902|3,203,503|
||Fair value (gains) on||forward exchange contracts|||||(52,123)|(80,226)|
||NET CASH|PROVIDED BYOPERATING ACTIVITIES||||||3,327,162|3,951,341|
|25.|ANALYSIS|OF CASH AND CASH EQUIVALENTS||||||||
|||||||||Group|Group|
|||||||||2020|2019|
||Cash
in hand|||||||9,273,801|6,187,843|
||TOTAL CASH AND||CASH EQUIVALENTS|||||9,273,801|6,187,843|
|26.|ANALYSIS|OF CHANGES
IN NET DEBT||||||||
|||||||At 1||Other non-|At 31|
||||||January|||cash|December|
||||||2020||Cash flows|changesf|2020|
||Cash at bank and
in||hand||6,187,843||3,085,958||9,273,801|
||Derivatives||||34,753|||7,837|42,590|
||||||6,222,596||3,085,958|7,837|9,316,391|
##
##
##
##
##
|payments|und|er non-cancellable
operating
leas|es as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2020|2019|2020|2019|
|||||E|||
|Not later than||1 year|33,289|33,289|33,289|33,289|
|Later than|1 year and not later than 5years||114,123|133,155|114,123|133,155|
|Later than|5years|||19,481||19,481|
||||147,412|185,925|147,412|185,925|
##
##
##
##
##