The World Parrot Trust
Annual Report and Financial Statements
Year Ended 31 March 2024
Charity registration number= 800944

The World Parrot Trust
Contents (continued)
Reference and Adminislrative Details
Trustees, Report
2109
Statement of Trustees, Responsibililies
10
Independent Auditors. Report
11 to14
Slatement of Financial Activities
15to16
Balance Sheet
17
Cash Flow Stalement
18
Notes to the Financial Statements
19to34

The World Parrot Trust
Reference and Administrative Details
Trustees
Mr D Woolcock
Mrs A Hales
Mr N Reynolds
Ms C Senni
Mr R Vonk
Mr S Martin
Mr J Davenpori
800944
Charity Registration Number
Prin¢lpal Office
Glanmor House
Ha￿e
Cornwall
TR27 4HB
Independent Examiner
PKF Francis Clark
Lowin House
Tregolls Road
Truro
TR1 2NA
Bankers
HSBC plc
250 High Street
Exeter
Devon
EX4 3PZ
Page 1

The World Parrot Trust
Trustees, Report
The trustees present the annual report together wÈth the financial statements of the charity for the year
ended 31 March 2024.
Trustees
Mr D Woolcock
Mrs A Hales
Mr N Reynolds
Ms C Senni
Mr R Vonk
Mr S Martin
Mr J Davenport
Overview
Across the wortd, parrot species face significant risks, with nearly half of them experiencing declines
in their wild populations. Over a quarter are now globally threatened with extinclion, slruggling againsl
many threats including wildlife trafficking and deforestalion.
Since 1989, the Wodd Parrot Trust {WPT) has been at the forefront of global efforts to protecl and
preserve parrots, some of the most threatened species on the planet. Partnering with experts,
communities. and conseNationists in over 45 countries. we combine cutting-edge science with
actionable strategies to address the complex challenges pa￿OtS fa￿.
Our mission is to safeguard these remarkable birds through targeted conseNation initiatives,
advocacy, and education. By prolecting vital habitats, combating wildlife trafficking, and promoting
best practices in parrot care, we give parrots the Chan￿ not only to survive but to thrive.
The WPT focusses its worf( across ftve key areas:
Saving Endangered Species
Implementing recovery programmes for the world's most at-risk
parrots.
Fighting the Wildlife Trade - Disrupting illegal trafficking and ensuring stronger protections for wild
populations.
Protecting Wild Spaces - PreseNing the habitats parrots depend on for survival.
Improving Parrot Care - Sharing knowledge to enhance the welfare of parrots in captivity.
Inspiring Communities- Engaging and empowering people to be stewards of parrot conseNation.
Over three decades, we've contributed to saving more than 80 paffot species, ensurÉng their pla￿ in
the wild for future generalions. Together, we can continue to make a profoLAnd difference, creating a
world where parrots soar freely and harmoniously alongside us.
Governance mana
ement and structure
Nature of governing document
The World Parrot Trust (WPT) is constituted under a Trust Deed dated 23rd January 1989 and is a
Registered Charity.
Organisational structure
An independent Board of Trustees governs the World Parrot Trust. The WPT collaborates with two
sister organisations, World Parrot Trusl USA, Inc., and the Canadian World Parrot Trust. each
incorporated as a separate, independent charity within their country of origin. Each of these other
charities has its own goveming board, and decisions are made independently of each other.
Page 2

The World Parrot Trust
Trustees, Report (continued)
Recruitment and appointment of trustees
A new trustee may be appointed by a resolution at a trustees meeting (wth a quorum of 3 or more
trustees). At the end of the Term a trustee can be nominated for reappointment by the other trustees.
Induction and training of trustees
The Trust enjoys the participation of a stable board of trustees, all serving extended terms. The need
to train new Irustees remains low. When new truslees are invited to the board, they are provided with
a historical background, operating procedures, key performance indicators and communication from
the Trust's management team.
Management and Staffing
The World pa￿0t Trusl (WPT) Trustees are responsible for overseeing ihe charitys govemance and
employ Dr. Jamie Gilardi as Executive Director to manage all staff and operations. Based in the USA,
Dr. Gilardi is supported by Mr. Steve Milpacher. Direclor of Operations, who is localed in Canada.
Both leaders bring decades of expertise to their roles. ensuring the Trust operates effectively and
transparently. The Trustees retain final approval on remuneration for senior staff, guided by detailed
recommendations.
WPT'S dedicated team comprises conservation practitioners. research scientists, communicalors, and
administrators, supported by a global network of expert volunteers. This international group provides
vital technical expertise, financial supporl, and capacily-building lo local partners worldwide.
Additionally, WPT champions public advocacy, raising awareness and support for parrot conseNalion
initiatives.
To learn more about our govemance. staffing, and partnerships. visit
www.parrols.orglpeople-and-partners.
Arrangements for setting key management personnel remuneration
All Trustees give their time freely. Except for remuneralion of Ms C. Senni. no Trustee received
remuneration in the year (Note 10).
Staff pay is reviewed based on a structured matrix that evaluates multiple criteria. including job
complexity, regional living costs, work history, and individual skills and expertise. While pay reviews
are not tied lo annual performance evaluations or conlract renewals, they may occur as needed to
ensure alignment with market conditions and organisational priorities.
Compensation benchmarking involves analysing similar roles in the same region, considering factors
such as required education. responsibilities, and living expenses. All staff are compensated at or
above national minimum wage requirements. Discretionary pay adjustments may be made when
market rate analysis indicates that current compensation levels are insufficient to attract or retain
talent in critical roles, posing a potential risk to the organisation's success.
The organisation emphasises equity and inclusion in pay practices and provides additional benefits.
such as flexible working arrangements. professional development support, and olher slipends, to
enhance employee satisfaction and retention.
Page 3

The World Parrot Trust
Trustees, Report (continLfed)
Major risks and management of those risks
Tho Trustees work dosely with the wpfs management team to assess and address significant risks,
ensuring any potential impact on the charity is effectively miligated. The key risks and mitigation
stralegies include:
Proleclion of the Trust's assets, including reserves.. This is managed through robust governance
practices and regular reviews to safeguard resources and maintain financial stability.
Stability of income.. To ensure funding for our charitable goals and operating costs, the Trust
focusses on diversifying income streams. closely monitoring inGome and expendFture, and maintaining
financial reserves equivalent to at least six months of operations.
• Reputational risks.. The Trustees actively identify potential sources of reputational damage and task
the management team with developing and implementing proactive strategies to mitigale any negative
impact.
These measures reflect the Trustees, commitment to ensuring Ihe long-term sustainability and
effectiveness of the Wodd Parrot Trust.
Fundraising
WPT has undertaken 3 fundraising campaigns in 2023-24, all donations which have been received
have been made on a voluntary basis. We have publicised that we are a charity and that we accept
donations. This has been promoted through email campaigns. social media feeds and our website.
WPT has not used any professional fund-raiser or commercial participator nor engaged any
volunteers bound by any voluntary scheme or regulated fund-raising activities.
Our Director of Operations has been put in charge of fundraising and is responsible for determining
the direction and oversight of future fundraising campaigns.
We have not received any complaints in 2023-24 regarding our fundraising practices.
As an animal charity, we recognise the deep emotional connection our supporters have with the birds
we advocate for and understand the emotive nature of asking for donations on behalf of animals. Our
staff are trained to acknowledge that some of our donors may be vulnerable, and we take care not to
deliberately target elderfy individuals or other vulnerable groups. We strive to engage meaningfully
with our supporters to better understand their interests. Additionally. we are in the process of
inlroducing a new fundraising database that will help us identify and appropriately support vulnerable
donors while ensuring we work ethically with all groups.
Page 4

The World Parrot Trust
Trustees, Report (continued)
Objectives and activittes
Objects and aims
The objects of the Trust are the education of the public in aviculture, ornithology. zoology and related
sciences and in particular but withoul prejudice to the generality of the foregoing in the order
Psittaciformes (the parrot).
The World Parrot Trust (WPT), established in 1989, is an intemational charity dedicated to the
conseNation and welfare of parrots worldwide. Its primary objectives indude promoting the survival of
all parrot species and ensuring the well-being of individual birds, both in the wild and in captivity. To
achieve these goals. WPT conducts and funds conservation projects for rare parrot species globally,
encourages high standards in pet parrot care, campaigns to halt the trade in wild-caught parrots, and
educates the public through publications like their quarterfy magazine 'PsittaScene' and monthly
eNewsletter 'Flock Talk,.
Over the years. WPT has supported conservalion and welfare projects in numerous countries,
benefiting over 80 parrot species. Their comprehensive approach combines scientific research,
hands-on conservation efforts, habitat protection, and public education to protect parrots from threats
SUGh as habitat loss, illegal trade. and other human-induced challenges.
Achievements and Performance
The Wortd Parrot Trust has made remarkable strides in its mission to protect parrots worldwide. It's
always a challenge to select projects to highlight the different focus areas of our work, as inevilably.
we can only mention a small subset of our ongoing programmes in a summary like this. This reGap
takes in the key components of our efforts across all the regions where we work lo save parrols.
A full lisling of WPT'S active and completed projects can be found at: https:Ilwww.parrots.orglprojects
Our full 2023-24 Impacl Report can be found here:
hltps:l/www.parrots.orglpublications-and-facl-sheetslwpt-impacl-report-2023-24.
Africa
The World Parrot Trust (WPT) has made significant strides in Africa by combating parrot trafficking. In
southeastern Liberia. the Timneh Parrot symbolizes resilience, with a local community demonstrating
decades-long dedication to its protection. Field studies have uncovered critical roosting sites for
Timneh and Grey Parrots. enabling innovative conservation strategies. Collaborative efforts in Nigeria
have led to multiple seizures of trafficked Grey Parrots, while the Dingi Parrot Rescue Centre in the
Democratic Republic of Congo has rehabilitated and released over 200 parrots. Provincial authorities
have further supported these efforts by banning the capture and trade of Grey Parrots.
wprs genetic research has also identified Psittacine Beak and Feather Disease Virus (PBFD) in wild
Black-cheeked Lovebirds, though no symptoms were obsewed. Ongoing studies are exploring the
virus's impact and interactions with other diseases to mitigate risks for vulnerable populations.
Page 5

The World Parrot Trust
Trustees, Report (continued)
Asia & Southeast Asia
WPT'S efforts in Asia have addressed critical threats to parrot populations, including illegal trapping
and parrot-human conflict. In 2024. the joint WPT-Nalural Encounters Parrot Conservation Grants
{PCG) programme supported the Earth Crusaders Organisation {ECO} in India. With this funding
support, ECO conducted local interventions that have saved dozens of parakeets from deadly crop
netting. The ECO provided training iniliatives that have empowered forestry staff and community
responders lo effectively redLtce parrot trapping while providing essential care to hundreds of rescued
Alexandrine parakeets to be rehabilitated and released. Elsewhere in Asia, WPT worked with several
other entities to conduct investigations into Bangladesh's illegal bird trade, which led to a nationwide
ban on CITES-listed bird imports.
Indonesia
Indonesia's pa￿OIs, heavily impacted by deforestation and wildlife trade, have benefited from wpfs
conseNation initiatives. The rescue and repatriation of 60 parrots to their native islands marked a
milestone in combating illegal trade. A dedicated survey on the Red-and-Blue Lory population in North
Sulawesi has informed the installation of nest boxes to aid recovery efforts. Establishing Yayasan
KonseNasi Paruh Bengkok as a WPT affiliate has strengthened in-country consetvation,
rehabilitation. and education programmes.
Neotropics
In Central and South America, WPT has spearheaded habitat resloration and species recovery. The
reintroduction of Yellow-shouldered Amazons to Anjba after 76 years symbolizes a successful effort
to establish sustainable wild populations. In Bolivia. Blue-throated Macaw numbers are being
bolstered through nest box inslallalions and a repatriation programme in partnership with Fundacion
CLB. In El Salvador, initiatives like poaching deterrence and nest monitoring have improved
conservation oulcomes for the Yellow-naped Amazon.
Oceania
In New Zealand and the South PacifiG, WPT has advanced parrot consetvation by addressing
invasive predators and habitat loss. In Nelson Lakes National Park, efforts fof the Kea have boosted
sightings by 50°/o over three years. Collaboration with the NZ Department of Conservation and New
Zealand Parrot Trust has strengthened Kakapo recovery through innovative monitoring and trial
releases to secure habitats. On Ua Huka Island, biosecurily measures are protecting the Ultramarine
Lorikeet by preventir)g rat inlroductions to its last remaining stronghold.
These regional achievements highlight wpfs comprehensive approach to parrot consetvation,
blending community engagement, habitat restoration. anti-trafficking measures. and scientific
research and boosting results through the power of collaboration.
Page 6

The World Parrot Trust
Trustees, Report (continued)
Publications
The World Parrot Trust (WPT) actively engages global audiences through diverse educational
materials and Gommunication platforms to raise awareness and foster conservation efforts.
Psittascene Magazine
Launched in 1989, Psitlascene is WPTS flagship quartet1y magazine. delivering updates on Ihe
organisation's initiatives alongside in-depth articles about field conservation efforts. The publication
also features insights into parrot behaviour and care, equipping caregivers wilh valuable knowledge to
enhance parrot welfare. Available in both print and digital formats, Psittascene is accessible to WPT
rnembers and serves as a vital resource for parrot enthusiasts woddwide.
Flock Talk Newsletter
Flock Talk is WPT'S free monthly email newsletter. offering a lively mix of parrot-related news,
conservation updales. pet care tips, and engaging links. Presented in a friendly and accessible tone, it
appeals to a broad audience while educating readers about critical issues facing parrots loday.
Parrots.org
The WPT'S official website, W￿.parrOtS.Org, is a comprehensive hub for parrot-related resources. It
features a wealth of content, including podcasts, blogs by field researchers and avian experts. an
encyclopedia profiling every parrot species, and a referen￿ library covering various aspects of parrot
care. Visitors can also access digital editions of WPT'S print publications. explore an extensive photo
gallery, and leam about the Trust's ongoing projects and achievements.
Social Media Outreach
WPT'S presen￿ on major social media platfomis like Facebook, X (fka Twitter), YouTube, and Flickr
plays a crucial role in amplifying ils message. The WPT leverages these platfoms by engaging
hundreds of thousands of users annually to share stories. raise awareness, and rnobilize support for
parrot conservation. These efforts ensure that WPT'S mission reaches a diverse and global audience.
Through these outreach and communication channels. WPT continues to inspire. educate, and
connect people to the critical work of protecting parrots and their habitats.
Public benefit
The trustees confirm that they have complied with the requirements of section 4 of the Char¢ties Act
2011 to have due regard to the public benefil guidance published by the Charity Commission for
England and Wales.
Page 7

The World Parrot Trust
Trustees, Report (continued)
Financial review & roserrfes policy
The financial results reflect the activities of the Worfd Parrot Trust operation based in and run from Ihe
United Kingdom Head Office. Non-profiucharities in the USA and Canada are registered in their own
counlries under the Worfd Pa￿0t Trust name but operate independendy, while others such as Benelux
and Sweden remit funds to the UK. Thè results of these foreign operations are not reflected in these
financial statements other Ihan in the form of contributions towards UK activities such as donations,
purchases of goods and purchases of Psittascene magazine.
The chariws total reserves stand at £1.606,171 {2023 (as restaled).. £940,379) comprising restricted
funds of £36,38612023= £19,768) and unrestricted fijnds of £1,569.785 (2023.. £920.6111 {of which
£1,506,885 are free reserves). The Trustees have set a reserves policy to maintain fLsnds of at least
£450,000 to cover short-term staff and contracted costs. The Trustees may invest money in securities
or other irlvestmenls {inGluding land), whether producing income or not. on the advice of their financial
advisors. Monthly Reports and Trustee Meetings are held to ensure the Trust continues to be a going
concern.
In the forthcoming year, the Trustees will use its additional reserves to exlend and expand their
haritable activities. This will be done by investing in its capacity to support administrative and
fundraising efforts within the United Kingdom. The Trust will also support increased conseNation and
habitat prolection efforts in Cenlral and South America, Africa, the South Pacific, New Zealand and
Indonesia by providing support to local in-country partners and hiring independent contractors.
WPT will invest in efforts to further research the impacl of wildlife trade in parrots and publish the
results. General education and awareness about parrot conservation and welfare will be enhanced
through additional publications (digital and print), the launch of a podcast, and by increasing its
publishing of materials on social media. Further, WPT will continue its small grants programme (Parrot
Conservation Grants) to support independent organisations and researchers seeking to conserve
parrots.
Principal funding sources
The principal funding sources for this operating year are identified as a donation from Mr. Joe
Davenport which has been used towards general support and matched funding during our year-end
fundraising and froTn bequests from Margaret E Hunter. Beryl Richards. Valerie Collman. and Derek
Head.
Other major sources of income included grants and donations from Natural Encounters Conservation
Fund INECFI, Ernest Kleinwort Charitable Trust, Wildlife Conseryalion Society," Folke H Peterson
Foundation,
Blackpool Zoo, Wobum Safari Park. William Haddon Charitable Trust. Zoomarine
(Mundo Aquatico, Portugal), Paradise Park. and The Walker 597 Trust.
Generous financial support was also received from numerous individual private donors. C. K Cemal, J
Worley, P. Molesworth, C. Hart. S. Buchin. F. Vogel. and via online fundraisers (Just Giving,
Facebook, Easy Fundraising and Charity Aid Foundation) as well as from WPT'S branch in Benelux.
'Funds received from a grant through World Parrot Trust U.S.A..
Page 8

The World Parrot Trust
Trustees, Report (continued)
Plans for future periods
The World Parrot Trusl IWPT) is steadfast in ils long-temi conservation and welfare initiatives across
various regions. In 2024 and 2025, WPT will continue its dedicated efforts in countries including the
United Kingdom, Bonaire, Brazil, Bolivia, Costa Rica, the European Union, Honduras. Indonesia,
French Polynesia, New Zealand, and Nigeria. These projects focus on preserving critical habitats,
protecting endangered parrot species. and enhancing the welfare of captive parrots.
Additionally, WPT supports targeted. shorter-term conservation and anti-wildlife trade activities in
other countries, including Aruba. Colombia, the Democratic Republic of Congo, Guinea-Bissau, India.
Malawi, Mexico. Rwanda, Sierra Leone, South Africa, Tanzania, Uganda, and Zambia. By
collaborating wrth local partners and communities, WPT aims to address immediate threats lo parrot
populations and their environments. Through these sustained and expanding efforts, WPT is
committed to advancing global parrot conservation and promoting the well-being of these remarkable
birds in both wild and captive settings.
Building on our continued growth and development over the past year. Ihe Board of Trustees has
Garefully reviewed our current structure and concluded that transitioning to a Charitable Incorporated
Organisalion {CIO) is the most appropriate next step. This change will enable us to strengthen our
governance framèwork, ensure clearer accountability, and offer enhanced protection for the charitls
trustees. We believe that acquiring CIO status will not only safeguard our long-term viability but also
help us better serve our beneficiaries by providing a more robust and sustainable platfonn for our
ongoing projecls. We anlicipate completing this transition during the forlhcoming year and remain
committed to maintaining Ihe highest standards of transparency and compliance throughout the
process.
The annual report was approved by the Trustees of the charity on
behalf by:
and signed on its
Mrs A Hales
Trustee
Page 9

The World Parrot Trust
Statement of Trustees, Responsibilities
The Trustees are responsible for preparing the Trustees. report and the financial slatemenls in
accordance with Ihe United Kingdom Accounling Standards (United Kingdom Generally A¢¢epted
Accounting PraGtice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial
year which give a tnje and fair view of Ihe state of affairs of the charity and of the incoming resources
and application of resources of the charity for that period. In preparing these financial stalements, the
Trustees are required to:
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial stalements., and
prepare the financial slatements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose wwth reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions of the constitution. The Trustees are also responsible for safeguarding the
assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud
and other irregularities.
The Trustees are responsible for the maintenance 2nd integrity of the charitable and financial
information included on the charitys website. Legislation goveming the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees of the charity on .................... and signed on its behalf by=
Mrs A Hales
Trustee
Page 10

The World Parrot Trust
Independent Auditor's Report to the Trustees ofThe World Parrot Trust
Opinion
We have audited the financial statements of The Worfd Parrot Trust (the 'charity') for the year ended
31 March 2024, which comprise the Stalement of Financial Activities, Balance Sheet. Cash Flow
Statement, and Notes to the Financial Statements, including a summary of signifiGant accounting
policies. The financial reporting framework thal has been applied in their preparation is United
Kingdom Accounting Standards. comprising Charities SORP - FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and applicable law {United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming
resources and application of resources. including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice", and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in Ihe auditor
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant lo our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requiremenls. We believe that the audit eviden￿ we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing Ihe financial statements. we have concluded that the Trustees use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo
events or conditions that, individually or collectively. may cast significant doubt on the charity's ability
to continue as a going concern for a perii)d of at least twelve months from when the original financial
statements were aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The Trustees are responsible for the other information. The other information comprises the
information included in the Trustees report. other than the fjnancial statements and our auditor's
report thereon. Our opinion on Ihe financial statements does not cover the other informalion and,
except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance
conclusion thereon.
Page 11

The World Parrot Trust
Independent Auditor's Report to the Trustees of The World Parrot Trust
(continued)
In connection with our audit of the financial statements. our responsibility is to read the other
information and, in doing so, consider whether the other information is malerially inconsistenl with the
rinancial statements or our knowledge obtained in the audit or otheNise appears to be materially
misstated. If we identify such material inconsislencies or apparent material misslatements, we are
required to determine whether there is a material misstatemenl in Ihe financial statements or a
material misstalemenl of the other infonnation. If, based on the wotk we have performed, we Gonclude
that there is a material misstatement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters where the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion:
the information given in the financial slatements is inwnsistent in any material respect with the
trustees, report.
sufficient accounting records have not been kept-
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
ResponsTbilities of Trustees
As explained more fully in the Slatement of Trustees. Responsibilities (set out on page 10), the
Trustees are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view. and for such intemal control as the Trustees determine is necessary lo
enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.
In preparing the financial statements. the Trustees are responsible for assessing the charity's ability to
continue as a going concern. disclosing. as applicable. matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
We have been appointed as auditor under the Charities Act 2011, s144 and reporl in aGGordance with
regulations made under the Acl and relevant regulations made or havin9 effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from malerial misstatement, whether due to fraud or error. and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, but is nol a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a malerial misstatement
when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expeded to Influen￿ the economic decisions of users
taken on the basis of these financial statements.
Page 12

The World Parrot Trust
Independent Auditor's Report to the Trustees ofThe World Parrot Trust
(continued)
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, ouuined above, to delecl material misstatements in respect
of irregularities. including fraud. The extenl lo which our prO￿dureS are capable of detecting
irregularities. including fraud is detailed below=
As part of our audit planning, we obtained an understanding of the legal and regulatory framework
thal is applicable to the charity and the sector in which it operates to identify the key laws and
regulations affecting Ihe entity. The key laws and regulations we identified were fundraising
regulations, health and safely. employment law and data protection. We also considered those laws
and regulations that have a direct impact on the preparation of the financial statements, primarily the
Charities Act 2011 and compliance with the Charsties Statement of Recommended Practice.
We discussed with management how the compliance with these laws and regulations is monitored
and discussed policies and procedures in place. We also idenkn'fied the individuals who have
responsibility for ensuring that the entity complies with laws and regulations and deals with reporting
any issues if they arise. As part of our planning procedures. we assessed the risk of any
non-Gompliance with laws and regulations on Ihe enlity's ability to continue trading and the risk of
material misstatement to the accounts.
We assessed the susceptibility to the charitys financial statements to material misstatement, induding
how fraud might occur as part of the audit planning process. We determined that these risks are
medium as the charity operates on a not for profit basis reducing any personal incentive. however it
also receives and uses public funds which may be subject to reslrictions. We audited the risk of
management overrsde of controls through tesling journal entries and other adjustments for
appropriateness and evaluating the business rationale of significant transactions oulside the nomal
course of business.
Based on this understanding we designed our audit procedures to identify nonvcomplianGe wilh such
laws and regulations. Our procedures involved the following:
We reviewed legal and professional costs to identify any non-compliance or legal costs in relation to
non-compliance
We reviewed the board minutes for anything unusual.
We made enquires to management regarding their knowledge of any non-compliance with laws and
regulations that could affect the financial statements.
We reviewed a sample of expenditure to confinn it has been incurred and allocated correctly.
We reviewed the risk register for anything unusual.
As part of our enquiries, we discussed with management whether there have been any known
instances. allegations or suspicions of fraud of which there were none.
Becausè of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements. The risk of not
detecting a material misstatement due lo fraud is higher than the risk of not detecting one resulting
from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations. or the
override of intemal controls. We are also less likely to become aware of instances of non-compliance
with laws and regulations that are not closely relaled to events and transactions reflected in the
financial statements.
A further desGription of our responsibilities is available on the Financial Reporbng Council's website
al- www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
PKF FranGiS Clark is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
Page 13

The World Parrot Trust
Independent Auditor's Report to the Trustees of The World Parrot Trust
(continued)
Comparative period
In the previous accounting period the charity was subjecl only to an Independent Examination.
Therefore the comparative figures for the period ended 31 March 2023 are unaudited.
Use of our report
This report is made solely to the charity Trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit wod( has been undertaken so that we
might state to the Trustees those matters we are required to state to Trustees in an auditors. report .
and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume
responsibility to anyone other than the charity and its Trustees as a body, for our audit work, for this
report. or for the opinions we have formed.
Qtf a(rL
PKF Francis Clark. Statutory Auditor
Lowin House
Tregolls Road
Truro
TR12NA
Date:...31 January 2025
Page 14

The World Parrot Trust
Statement of Financial Activities
Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Restricted
funds
Total
2024
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Inveslmenl income
1,095.614
26,302
12,183
37,754
500
1,133,368
26,802
12,183
Total Income
1.134,099
38,254
1,172,353
Expenditure on:
Raising funds
Charitable aclivities
(21,241)
{453.642)
(21,2411
(485,320
(31,678)
Tolal Expenditure
{474,883)
131.678)
506,561)
Net income
Gross transfers between funds
659,216
(10,042)
6,576
10,042
665.792
Net movement in funds
649.174
16.618
665,792
Reconciliation of funds
Total funds brought foTward (as restated)
Total funds carried fO￿ard
920,611
19,768
940,379
22
1.569,785
36,386
1,606,171
The notes on pages 19 to 34 form an integral part of these financia5 statements.
Page 15

The World Parrot Trust
Statement of Financial Activities
Year Ended 31 March 2024 (continued)
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestrlcted
funds
£{As
restated)
Total
2023
£(As
restated}
Restricted
funds
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
364,390
22,541
3.061
30,895
395,285
22,541
3,061
Total income
389,992
30,895
420,887
Expenditure on:
Raising funds
Charitable activities
(37,353)
436,833)
(37,353)
(532,598)
95,765)
Total expenditure
{474.186)
95,765}
569,951)
Net expenditure
Gross transfers be￿een funds
(84.194)
(72,628)
(64.870)
72,628
{149,064)
Net movement in funds
(156,822)
7,758
{149,064}
Reconciliation of funds
Total funds brought forward
1.077,433
12.010
1.089,443
Total funds carried forward
22
920,611
19,768
940,379
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 19 to 34 fomi an integral part of these financial slatemenls.
Page 16

The World Parrot Trust
Balance Sheet
31 March 2024
2023
£(As
restated)
2024
Note
Fixed assets
Intangible assets
Tangible assets
14
15
4,350
54,567
6.525
39,855
46,380
58,917
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
18
10,840
6,523
1,544,221
12,459
3,228
895.749
1,561,584
911,436
Creditors: Amounts falling due within one year
19
(14.330)
{17,437)
Net current assets
1,547,254
893,999
Net assets
1,606,171
940,379
Funds of the charity:
Restricted income funds
Restricted funds
36,386
19,768
Unrestricted income funds
Unrestricted funds
1,569,785
920,611
Total funds
22
1,606,171
940,379
The financial statements on pages 15 to 34 were approved by the Trustees, and authorised for issue
on ..3ts.:i.:.fand signed on their behalf by.
Mrs A Hales
Trustee
The notes on pages 19 to 34 fomi an integral part of these financial statements.
Page 17

The World Parrot Trust
Cash Flow Statement
Year Ended 31 March 2024
2023
£{As
restated)
2024
Note
Cash flows from operating activities
Net cash incomel{expenditure)
Adjustments to cash flows from non-cash items
Depreciation
Amortisation
Investment income
665,792
1149,064)
16,435
2,175
{12.183)
672.219
3,030
2,175
3,061}
{146.9201
Working capital adjustments
Decrease stocks
Ilncreaselldecrease in debtors
Decrease in creditors
16
17
19
1,619
(3,295)
(3.107
3,771
2,180
(3,969
Net cash flows from operating activilies
667,436
(144,938
Cash flows from investing activities
Interest receivable and similar income
Purchase of intangible fixed assets
Purchase of tangible fixed assets
12,183
3,061
{8,700)
39,128)
14
15
(31,147)
Net cash flows from investing activities
18,964)
(44,767)
Net increasel(decrease) in cash and Gash equivalents
Cash and cash equivalents al 1 April
648,472
(189.705}
1,085,454
895,749
Cash and cash equivalents al 31 March
1,544,221
895,749
All of the cash flows are derived from continuing operations during the above periods.
The notes on pages 19 to 34 fom) an integral part of these financial statements.
Page 18

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024
1 Accountsng policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparÈng Iheir accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The World Parrot Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless othetwise stated in the
relevant accounting policy notes.
These accounts relate solely lo the World Parrot Trust operation based in and run from the UK head
office.
Not for profit charities in the USA and Canada are registered in their own countries, with their own
goveming document, under the Worfd Parrot Trust name. Whilst these charities work with the UK
World Parrot Trust and the USA charity has trustees in common, these charities are considered to
operate independently and are not under the control of the UK World Parrol Trust.
Therefore the financial results of these foreign operations are not consolidated or reflected in these
financial stalemenls, other than in the form of contributions towards UK activities such as donations,
purchases of goods and purchases of Psittascene magazine.
Going concern
The Trustees consider that there are no material uncertainties about the charivs ability to continue as
a going concern. In making their assessment, the Trustees have considered their intentions to transfer
the activities of the charity to a Charitable Incorporated Organisation. The Trustees have submitted an
application to form the new CIO but this has yet lo be approved by the Charity Commission and hence
no formal agreement is yet in place. Therefore the accounts have been prepared on a going concern
basis.
Reclassification of comparative amounts
The way in whiGh expenses are allocated between charitable activity categories has been amended to
more accurately represent the nature of the activities undertaken. Both periods have been adjusled
and so they remain comparable.
Page 19

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Prior period errors
A restatement has been made in relation to a prior period error where items of a capital nature were
expensed. As a result of the restatement. total conservation project expenditure at 31 March 2023 has
decreased by £34.320 and fixed assets increased by £34,320. As a result brought forward reserves
have inGreased accordingly from £906.058 as previously reported to £940,349.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a
general nature is recognised when the charity has entitlement to the income, it is probable that the
income will be received and the amount can be measured with sufficienl reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the
amount can be reliably measured. Where these are granted in relation to a specific purpose the
amount is transferred to restricted funds and released accordingly.
Grants receivable
Grants are recognised when the tharity has an entitlement to the funds and any condilions linked to
the granls have been met. Where perfomiance conditions are attached to the grant and are yet lo be
met, the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same
time as the gift lo which they relate.
Investment income
Income from investments are included in the year in vthich it is receivable.
Other income
Membership fees, including lrfe members, are credited to the Statement of Financial Activities on a
cash basis as and when received. No provision is made for any amount carried forward to future
periods on the grounds that On￿ paid the membership fee is not refundable.
Expenditure
All expenditure is reGognised once there is a legal or constwctive obligalion to Ihat expenditure, tt is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consislenl with the
use of resources.
Raising funds
These are costs incurred in atlracting voluntary income and those incurred in trading aclivities that
raise funds.
Page 20

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. 11 includes both costs that can be allocated directly to such adivities
and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charily is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of Ihe Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively to charitable purposes.
Intangible assets
Intangible assets are stated in the Balance Sheet al cost less accumulated amortisation and
impairment. They are amortised on a straight line basis over their estimated useful lives.
Tangible fixed assets
Individual fixed assets costing £50 or more are initially recorded al cost. less any subsequent
accumulated depreciation and subsequent accumulated impairmenl losses.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated
residual value. over their expected useful economic life as follows:
Asset class
Computer software
Amortisation method and rate
25°A per annum straight line
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cosl or valuation, less any
estimated residual value. over their expected useful economic life as follows=
Asset class
Furniture and Equipment
Land and Buildings
Motor Vehicles
Depreciation method and rate
25 /0 per annum straight line
25 10 per annum straight line
25°k per annum straight line
Stock
Stock is valued at the lower of cost and estimated selling price less costs lo complete and sell, after
due regard for obsolete and slow moving stocks. Cost is determined using the firsl-in. firsl-oul {FIFO}
basis. Items donated for resale or distribution are not included in the financial statements until they
are sold or distributed.
Page 21

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in
furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the
trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
Financial Instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions of the inslrument.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Recognition and measurement
Basic financial instruments are initially recognised at transaction price and subsequently measured at
their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the eiffective interest method.
2 Income from donations and legacies
Designated Unrestricted
funds
funds
Restricted
funds
Total
2024
Total
2023
Donations and legacies.
Donations from
individuals
Legacies and bequests
Grants, including capital
133.145
948,731
133,145
948,731
242,579
142.718
Grants & project income
Membership fees
5,482
37.754
43,236
8.256
8.256
9.988
5,482
1,090,132
37,754
1,133,368
395,285
Page 22

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
3 Income from other trading activities
Designated Unrestricted
funds
funds
Restricted
funds
Total
2024
Total
2023
Trading income.
Merchandise sales
Events income.
Events income
1.900
20.307
500
22,707
22,541
100
3.995
4,095
Total trading income
2,000
24,302
500
26,802
22.541
4 Investment income
Unrestricted
funds
Total
2024
Total
2023
Interest receivable and similar income-
Inlerest receivable on bank deFK)Sits
12,183
12.183
3,061
5 Education and Literature
The WPT'S education efforts are multifaceted and crucial in achieving our mission. The Trust focuses
on raising awareness about the plight of wild parrots, many of which are threatened by habitat loss,
the pet trade. and other human-related activities.
One of the key educational strategies is developing and disseminating informative resources. These
include publications. articles, and online materials covering parrot conseNation. biology. and ecology.
The Trusl ensures these resources are accessible to a broad audience. from scientists and
onservationists to educators and the general public.
Another significant aspect of WPTS educational work involves Gommunity outreach and engagement.
The World Parrot Trust conducts workshops, seminars. and presentations in communities around the
globe, particularly in regions where parrots are native. These initialives aim to foster a deeper
understanding and appreciation of parrots, encouraging local communities to participate actively in
their conservation.
Furthermore, the Trust collaborates with schools and educational institutions to inlegrate parrol
conservation into curricula. Through these collaborations, they aim to inspire the next ger)eration of
conservalionists and instill a lifelong respect for these remarkable birds and their habitats.
Overall, the World Parrot Trust's educational efforts are integral to ils mission, combining research,
outreach, and community involvement to promote the conservalion of parrots worldwide.
Page 23

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
6 Expenditure on raising funds
Unrestricted
funds
Total
2024
Total
2023
Fundraising trading costs-
Fundraising
Cosls of goods sold
7,062
14.179
7,062
14.179
3,501
33,852
21,241
21,241
37,353
7 Expenditure on charitable activities
Activity
undertaken
directly
Total
2023 (As
restated)
Activity
support costs
Total
2024
Consetvation Projects
Welfare Projecls (including
Kiwa cenlro)
Wildlife Trade Projects
Education and Literalure
Wages and Salaries
Insurance
Printing, postage and
lelephone
SLAndry Expenses
Conferences and Iravel
Advertising and promotion
Accountancy fees
Bank interest and charges
Depreciation
Consullancy & legal fees
118,276
118,276
206,948
156,249
35,703
57,218
14,198
156.249
35,703
57.218
56.935
1.490
204,188
45,067
47,387
42.737
1,490
3.947
748
1,981
14.331
12,863
1,017
18,610
5,952
3,947
748
1,981
14,331
12,863
1,017
18,610
5,952
1,762
6,693
1,431
6,036
5,526
1,687
5,205
668
381.644
103,676
485,320
532,598
A restatement has been made in relation to a prior period e￿or when items of a capital nature were
expensed. As a result of Ihe restatement, lotal conservalion projects at 31 March 2023 has decreased
by £34.320.
In addition to the restatement of a prior period error, the way in which expenses are allocaled between
charitable activity categories has been amendèd to more accurately represent the nature of the
activities undertaken. Both periods have been adjusted and so they remain comparable.
Page 24

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
8 Conservation projects
Restricted Designated General Total funds
fund
Fund
Fund
2024
Total funds
2023 (As
restated)
ACPR
51,135
558
CIN-WT
EKCT
10,000
10,000
7,500
4,960
7,040
24.002
1.396
(4,823>
3.258
51
FHP-AP
IFF-L
WBFF
BZ-HY
HYMA
IFAW
KAKA
7,788
7.788
TBPA
125
NECF-AG
4,099
238
4.099
238
LOVE
DZKW
750
750
DNER
3,946
500
3,946
500
TSWB
USFS
3,259
549
3,259
549
WAG
wycc
549
549
Designated project
General consetvation
projects
2,797
86.598
86.598
108.949
31,678
86,598
118,276
206.948
Page 25

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
9 Net incomingloutgoing resources
Net incomingl{outgoing) resources for the year indude=
2024
2023
Depreciation of fixed assets
Amortisation of software
16.435
2.175
3,030
2,175
10 Trustees remuneration and expenses
During the year the charity made the following transactions with Trustees:
Ms C Senni
Ms C Senni re￿iVed consultancy remuneration of £12.998 (2023- £14,287) during the year as
pem)ilted by the goveming document.
This was in relation to consultancy work on bird trade.
The Trust receives management and staff assistance along with free promotion without charge from
Paradise Park where the Trust is based. Mr N Reynolds and Mrs A Hales are partners in Paradise
Park.
No Trustee expenses have been incurred.
11 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
124,292
9,590
2,014
114,275
3,686
1,918
135,896
119,879
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year expressed by average headcount was as follows:
2024
2023
Administration
No employee received emoluments of more that £60,000 during the year
The key management personnel of the Charity are considered to be the trustees. No remuneration
was received by the trustees, other than as set out note 10.
Page 26

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
12 Auditors remuneralion
2024
2023
Fees for audit work
Fees for non-audit services
6,250
3,250
5,526
9,500
5.526
13 Taxation
The charity is a registered charity and is therefore exempt from taxation.
14 Intangible fixed assets
Other
intangible
asset
Total
Cost
At 1 April 2023
11.362
11,362
Al 31 March 2024
11,362
11,362
Amortisation
At 1 April 2023
Charge for the year
4,837
2,175
4,837
2.175
At 31 March 2024
7.012
7,012
Net book value
At 31 March 2024
4,350
4,350
At 31 March 2023
6,525
6,525
Page 27

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
15 Tangible fixed assets
Land and
buildings Furniture and
£(as
equipment
restated)
Motor
vehicles
Total
Cost
At 1 April 2023
Additions
208,225
31.147
58.325
6.195
272,745
31.147
At 31 March 2024
239.372
58.325
6,195
303,892
Depreclation
Al 1 April 2023
Charge for the year
172,728
14.816
56,592
744
3.570
875
232,890
16,435
At 31 March 2024
187.544
57,336
4,445
249,325
Net book value
At 31 March 2024
51,828
989
1,750
54,567
At 31 March 2023 (as restated)
35.497
1.733
2,625
39,855
16 Sto¢k
2024
2023
Stocks
10,840
12,459
17 Debtors
2024
2023
Trade debtors
Prepayments
575
5.948
575
2,653
6,523
3,228
Page 28

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
18 Cash and cash equivalents
2024
2023
Cash at bank
Other cash and cash equivalenls
1,539,381
4.840
891,552
4,197
1,544,221
895.749
19 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals
6,548
3,905
1,182
5,802
2,930
11,400
14,330
17,437
20 Related party transactions
The Trust receives managemerit and staff assistance along with free promotion w5thout charge from
Paradise Park where the Trust is based. Two of the Trustees. Mr N Reynolds and Mrs A Hales, are
partners in Paradise Park. During the year £4,355 (2023 £2.479} was raised for The World Parrot
Trust by Paradise Park through donation boxes at the Park and the Parrot Show as well as through
merchandise being sold in the Park's shop at no cost to the Trust. The Trust also received £40,500
(2023.. £nil) from Paradise Park as reimbursement of aviary costs incurred on behalf of the Park. The
Trust paid £7,297 (2023 £nil) to Paradise Park to reimburse expenses incurred. The Trust also
entered inlo a 7 year lease agreement with Alison Hales and Nicholas Reynolds in the year to lease
land at Paradise Park for a peppercom rent. There is no amount outstanding at the balance sheet
date {2023: £nil).
During the year unconditional donations of £100.000 (2023 £100,000) were received from a trustee
of the charity-
During Ihe year £11,990 was paid to Wortd Parrot Trust U.S.A. (a charity with Common trustees) in
respect of donations and to reimburse expenses incurred. A balance of £550 {2023= £550) was
outstanding at the year end and included in debtors.
Page 29

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
21 Contingent assets
At 31 March 2024 the charily had been informed of three bequests due lo the charity with oulstanding
balances. However these all relate lo a percentage share or balan￿ of an estate and the charity has
been unable to reliably estimate the amount due to the charity as al the year end. Interim payments of
£900,000 have been recognised on receipt during the year. Two further payTTrents of £150,000 and
£25,594 have been received since the year end, but these have not been accrued as the income
recognition criteria were not considered to have been met at the year end. Any further balance
beyond these amounts is currently unknown.
A third bequest was expected in the region of £200,000 however probate had not been granted al the
year end, and therefore this has nol been accrued. No related amounts have been received since the
year end.
Page 30

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
22 Funds
Balance at
1 April
2023
£(as
restated)
Balance at
31 March
2024
Incoming Resources
resources
expended
Transfers
Unrestricted funds
General
Unrestricted income fund
920,611
1.126,618
{471.3851
(10,042)
1.565,802
Designated
Designated Fund
7.481
3,4981
3,983
Total unrestricted funds
920,611
1,134.099
(474,883)
(10,0421
1.569.785
Restricted funds
ECPA
IZ-BT
FHP-AP
HYMA
PACO
NECF-AG
BZ-HY
KTPN
LOVE
EKCT
Kiwa Centre
DNER
wycc
WAG
USFS
TSWB
DZKW
65
65
1,422
1.118
4,823
867
25.304
2,722
65
1.422
1.118
4,823
867
9,870
2,722
65
238
19.533
(4.099)
1238}
{10,000)
{7,788)
{3,946)
1549)
1549)
{3.259)
1500)
750
10,000
1.005
3,946
549
549
6,783
3,259
500
750
Total restriGted funds
19,768
38,254
31.678)
10,042
36,386
Total funds
940,379
1,172.353
506,561)
1,606,171
Page 31

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Balance at
31 March
2023
£(As
restated)
Balance at
l April
2022
Resources
expended
£{as
restated)
Incoming
resources
Transfers
Unrestricted funds
General
Unrestricted income fund
1,077,433
375.321
(454,824}
{77.319)
920,611
Designated
Designated Fund
14.671
(19.362)
4,691
Total unrestricted funds
1.077,433
389,992
(474,186)
{72,628}
920,611
Restricted
ACPR
IFF-L
ECPA
FHP-AP
HYMA
KAKA
EKCT
PACO
NECF-AG
BZ-HY
TBPA
KTPN
LOVE
WBFF
IFAW
CIN-WT
3,796
7.040
65
2,533
(51,697)
(7.040)
45,368
65
1,118
4,823
6,078
{4,960}
4.823
{52)
(7,500)
52
7.500
867
867
9,870
2,722
9,870
4,118
(1,396)
(125)
125
65
65
238
238
(24,002}
(3.258)
558
24,002
3,258
Total restricted funds
12,010
30,895
(95,765)
72,628
19,768
Total funds
1,089.443
420,887
569,9511
940,379
Page 32

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
The restricted funds are held in order lo finan￿ specific projects relating to a particular species and
particular location, as summarised below.
ARAM - Macaw Recovery Network (Great Green, Scartet Macaw)
ACPR - Worfd Parrot Trust (African Conservation)
BTMA - Worfd Parrot Trust (Blue-throated Macaws)
ABC-L - ABC {Lovebirds)
PS-L - The Parrot Society (Lovebirds)
CIN-WT - CINTOC Cenler for Illicit Networks and Organized Crime (Wildlife Trade)
EKCT - Ernest Kleinwort Charitable Trust {Orange-fronted ParakeeVBlue-throated Macaw)
ECPA - World Parrol Twst (Echo Parakeet)
FHP-AP Folke H Peterson {African Parrots)
GIT-WT GITOC Global Initiative Against Transnational Organized Crime (Wildlife Trade)
IFF-L - Isdell Family Foundation (Lovebirds)
NECF-AG - Natural Encounters ConseNation Foundation (Action Grants)
BZ-HY Berlin Zoo (Hyacinth Macaws)
KAKA- World Parrot Trust {Kakapo)
INDO - World Parrot Trust Ilndonesia ConseNation)
WAP - Worfd Animal Protection (Wildlife Trade}
WAP-L - Wot1d Animal Protection (Lovebirds)
KTPN - Neighbourly {Kiwa Trees)
WBFF - World Parrot Trust (Wildlife Trade)
YSAM - World Parrot Trusl Iyellow-shouldered Amazon)
TBPA- World Parrot Trust (Thick-billed Parrot)
HYMA - Wodd Parrot Trust {Hyacinlh Macaws)
LOVE - World Parrot Trusl (Lovebirds species)
Kiwa Centre - Support for the ongoing running costs and care of birds at Kiwa Centre
PACO - Vvorld Parrot Trust {Patagonian Conures)
BZ-HY - Berlin Zoo {Hyacithn Macaws)
DNER - Puerto Rican Department of Natural Resources (to support the Puerto Rican Amazon Parrot)
DZKW - Dudley Zoo {lo support the Kiwa Centre)
IZ-B T - Indianapolis Zoo (Blue-throated Macaws in Bolivia)
TSWB - Turaco Society (funding support for Wild Bird trade)
USFS - US Forest Service (to support the Puerto Rican Amazon Parrot)
WAG- Woburn Safari Park {to support African Greys)
WYCC - Woburn Safari Park (to support Yellow-crested Cockatoo)
Designated Funds and Transfers
Designated funds include donations of £7,481 received during the year. allocated to African Grey
parrots.
Transfers were made from unrestricted funds to cover excess restricted fund expenditure.
Page 33

The World Parrot Trust
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
23 Analysis of net assets between funds
Total funds
at 31 March
2024
Unrestricted funds
General
Designated
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
58.917
1,521,215
14,330)
58,917
1.561,584
(14,330)
1,606.171
3,983
36,386
Total net assets
1,565.802
3,983
36,386
Total funds
at 31 March
2023
£(As
restated)
46,380
911,436
17,437)
Unrestricted
funds
£ (as restated)
46,380
891.668
17,437)
Restricted
funds
Tangible fixed assets
Current assels
Currenl liabilities
19,768
Total net assets
920.611
19,768
940,379
24 Analysis of net funds
At 1 April
2023
Financing At 31 March
cash flows
2024
Cash at bank and in hand
895,749
648,472
1,544,221
Net debt
895,749
648,472
1,544,221
Page 34