WORLD
PARROT
TRUST
acaw C
Corey Raffel
THE WORLD PARROT TRUST
Annual Report and Financial Statements
Year Ended 31 March 2025
Charity Number 800944

The World Parrot Trust
Charity Number: 800944
Contents
Page
Reference and Administrative Details
Trustees' Annual Report
4-9
Independent Examiner's Report
10
Statement of Financial Activities
11
Statement of Financial Position
12
Statement of Cash Flows
13
Notes to the Accounts
14-29
The World Parrot Trust 800944)
Contents
Page 2

The World Parrot Trust Charity Number: 800944
Reference and Administrative Details
Charity name: The World Parrot Trust
Charity number: 800944 (England & Wales)
Registered office:
Glanmor House
Hayle
Cornwall
TR27 4HB
Trustees:
Mr D Woolcock
Mrs A Hales
Mr N Reynolds
Ms C Senni
Mr R Vonk
Mr S Martin
Mr J Davenport
Bankers:
HSBC plc
250 High Street
Exeter
Devon, EX4 3PZ
Independent Examiner:
PKF Francis Clark
Lowin House
Tregolls Road
Truro, TR1 2NA
The World Parrot Trust (800944)
Trustees' Annual Report
Page 3

Trustees' Annual Report
The Trustees of The World Parrot Trust (WPT) are pleased to present the Annual Report for the year ended 31
March 2025.
During the year, WPT made significant advances in the protection of parrots and the habitats upon which they
depend. Across Africa, Asia-Pacific and the Neotropics, the Trust delivered meaningful conservation outcomes,
strengthened responses to illegal wildlife trade, and expanded education and advocacy efforts worldwide.
These achievements would not have been possible without the dedication of our staff and volunteers, and the
continued support of our partners, funders and donors. We extend our sincere thanks to all who contribute to
WPT's mission.
Overview
The World Parrot Trust works to ensure that parrots, among the world's most threatened birds, continue to
survive and flourish in the wild. During 2024/25, the Trust delivered conservation, welfare, research and
education programmes across multiple continents, benefiting both wild parrot populations and the
communities that depend upon healthy ecosystems.
Key achievements during the year included support for the rescue, rehabilitation and release of more than
1,500 parrots; the advancement of scientific and forensic tools to combat illegal trade; and engagement with
millions of people worldwide through education and advocacy initiatives.
Looking ahead, the Trustees remain committed to strengthening conservation outcomes, maintaining the
highest standards of governance and financial stewardship, and working collaboratively to secure a sustainable
future for parrots globally.
2024/25 at a Glance
• More than 1,500 parrots rescued, rehabilitated or released
• Conservation programmes delivered across Africa, Asia-Pacific and the Americas
• DNA forensic tools and policy advocacy advanced to address illegal wildlife trade
• Education and outreach reached over one million people globally
Structure, governance and management
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 Trust 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 governing
board, and decisions are made independently of each other.
Recruitment and appointment of trustees
A new trustee may be appointed by a resolution at a trustees meeting (with 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 trustees remains low. When new trustees 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.
The World Parrot Trust 800944)
Trustees' Annual Report
Page 4

Trustees' Annual Report (Continued)
Management and Staffing
The World Parrot Trust (WPT) Trustees are responsible for overseeing the charity's governance 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, Director of Operations, who is located 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, communicators, and
administrators, supported by a global network of expert volunteers. This international group provides vital
technical expertise, financial support, and capacity-building to local partners worldwide. Additionally, WPT
champions public advocacy, raising awareness and support for parrot conservation initiatives.
To learn more about our governance, staffing, and partnerships, visit www.parrots.org/people-and-partners.
Arrangements for setting key management personnel remuneration
ALl Trustees give their time freely. Except for remuneration of Ms C. Senni, no Trustee received remuneration in
the year (Note 9).
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 to annual
performance evaluations or contract 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 other stipends, to enhance employee
satisfaction and retention.
Major risks and management of those risks
The Trustees work closely with the WPT's management team to assess and address significant risks, ensuring
any potential impact on the charity is effectively mitigated. The key risks and mitigation strategies include:
• Protection 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 income and expenditure, 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 mitigate any negative impact.
These measures reflect the Trustees' commitment to ensuring the long-term sustainability and effectiveness of
the World Parrot Trust.
The World Parrot Trust (800944)
ruste
innual Report
Page 5

Trustees' Annual Report (Continued)
Charitable Purpose and Public Benefit
The World Parrot Trust exists to conserve parrot species, protect and restore habitats, and
end the wildlife trade that drives many species towards extinction. The Trust also promotes
high standards of welfare for parrots in human care and improves public understanding of
responsible stewardship.
During the year, WT's activities delivered clear public benefit by conserving biodiversity,
strengthening wildlife protection frameworks, and inspiring communities worldwide to
engage in conservation action.
The Trustees confirm they have given due regard to the Charity Commission's guidance on
public benefit.
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 without prejudice to the generality of the
foregoing in the order Psittaciformes (the parrot).
The World Parot Trust (WPT), established in 1989, is an international charity dedicated to
the conservation and welfare of parrots worldwide. Its primary objects include promoting
the survival of all parrot species and ensuring the wellbeing 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 pubic though publications like their quarterly magazines 'PsittaScene' and monthly Newsletter 'Flock
Talk:
Activities, Achievements and Performance
Conservation and Welfare
During 2024/25, WPT and its partners achieved significant conservation outcomes across multiple areas, including
parrot rescue and rehabilitation, habitat restoration, and reintroduction initiatives.
Science, Policy and Advocacy
Scientific and policy initiatives included the development of a DNA forensic tool to distinguish wild-caught from
captive-bred parrots, contributions to global research on wildlife trade, and advocacy at international forums such as
CITES.
Education and Public Engagement
Through digital platforms, community outreach and education programmes, WPT reached over a million people
worldwide, promoting conservation awareness and responsible parrot care.
Strategic Priorities and Future Plans
The Trustees review the Trust's strategy annually to ensure it remains responsive to emerging conservation
challenges. Priorities for 2025/26 include expanding reintroduction programmes, strengthening enforcement
partnerships, investing in education and technology, and enhancing welfare and biosecurity measures at the Kiwa
Centre.
Beneficiaries and Global Reach
During the year, more than 1,500 parrots benefited directly from WPT-supported rescue, rehabilitation and release
programmes. In addition, WPT worked with communities, enforcement agencies and volunteers in 12 countries, while
digital engagement extended the Trust's reach to over a million people globally.
Partnerships and Collaboration
Partnerships are central to WT's success. The Trust works closely with governments, research institutions,
non-governmental organisations and funders to deliver effective, evidence-based conservation outcomes worldwide.
The World Parrot Trust 800944)
Trustees' Annual Report
Page 6

Trustees' Annual Report (Continued)
Principal Risks and Risk Management
The Trustees recognise a range of risks, including habitat loss, illegal wildlife trade, biosecurity incidents and
funding volatility. These risks are mitigated through robust project design, staff training, diversified income
streams, and regular review of the Trust's risk register.
Financial Review and Reserves Policy
These financial statements relate solely to the UK operations of The World Parrot Trust. The Trust works
alongside two sister organisations, World Parrot Trust USA, Inc. and Canadian World Parrot Trust, which are
separately incorporated and governed in their respective jurisdictions. These entities are not consolidated into
the UK financial statements; transactions are included only where they relate directly to UK activities.
Total income for the year was £600,582 (2024: £1,172,353). The decrease in income compared to the prior year
primarily reflects the absence of a significant legacy received in 2023/24. Total expenditure for the year
amounted to £677,958 (2024: E506,561), resulting in a net deficit of £77,376 (2024: surplus £665,792).
Expenditure continued to be focused on the delivery of charitable activities, with E631,769 spent directly on
conservation, welfare, research and education programmes (2024: £485,320). Fundraising expenditure
amounted to £46,189 (2024: £21,241). Investment income of £43,589 (2024: £12,183) contributed to the Trust's
overall financial performance during the year.
The Trustees maintain a reserves policy to ensure that the Trust is able to meet its ongoing obligations, manage
cash-flow timing differences, and provide financial resilience in the event of unforeseen circumstances. The
Trustees have determined that an appropriate level of reserves is equivalent to six months of operating
expenditure. Based on total expenditure of E677,958, this represents a target reserves level of approximately
£338,979.
At 31 March 2025, total funds amounted to £1,528,795 (2024: £1,606,171), comprising unrestricted funds of
£1,462,749 and restricted funds of £66,046. Included within unrestricted funds were designated funds of
£3,983. After deducting tangible fixed assets of £38,888 and designated funds of £3,983, free reserves at the
year-end were approximately £1,419,878. The Trustees consider that free reserves significantly exceeded the
target level at the reporting date.
Restricted funds of £66,046 were held at the year end in respect of specific donor-funded projects, comprising
Indonesia £42,114; Africa £9,864; Other Worldwide Projects £13,068; and Oceania £1,000. These balances are
expected to be applied during the 2025/26 financial year in accordance with the relevant funding agreements
and project plans.
Designated funds of £3,983 were held at the year end to support future operational requirements identified by
the Trustees. These funds remain available for use at the Trustees' discretion and are expected to be applied in
the short to medium term as appropriate.
The Trustees review financial performance and cash flow on a regular basis and consider the Trust to be in a
strong financial position at the year end, with cash at bank and in hand of E1,464,906 (2024: £1,544,221).
Impact Measurement and Evaluation
WPT employs a robust monitoring and evaluation framework combining quantitative metrics, field reports, and
independent assessments. Performance indicators include numbers of birds rescued, released,
and
rehabilitated; species population trends; and levels of community participation. Scientific tools such as
satellite tracking, welfare audits, and DNA forensics underpin this work. Regular reporting to funders, Trustees,
and the public ensures transparency and continuous improvement.
The World Parrot Trust 800944)
Trustees' Annual Report
Page 7

Trustees' Annual Report (Continued)
Fundraising
The Trust's fundraising strategy aims to maintain a diversified and sustainable income base to support its
conservation, welfare, research and education activities. During the year, income was generated from a
combination of individual donations, membership subscriptions, legacies, grants, and institutional
partnerships.
Engagement with supporters is maintained through regular communications, including a quarterly membership
magazine and electronic newsletters, which provide updates on conservation programmes and opportunities to
support the Trust's work. The Trust also benefits from supporter-led fundraising initiatives and third-party
fundraising platforms.
The Trustees oversee fundraising activity and seek to ensure that fundraising is conducted in a manner
consistent with the Trust's values and with due regard to applicable fundraising standards and regulatory
guidance
Looking Ahead
The coming year presents both opportunity and challenge. WPT will build on its achievements by expanding
reintroduction programmes, enhancing partnerships, and driving greater public engagement. As threats from
habitat loss, climate change, and illegal trade intensify, the Trust calls upon supporters, donors, and
policymakers to join in securing a future where parrots once again thrive in the wild. Through collaboration and
compassion, we can ensure these extraordinary birds keep their place in the natural world and continue to
inspire future generations.
Key Outcomes 2024/25
Region / Programme
Africa - Grey Parrot Recovery
Neotropics - Amazon & Macaw
Projects
Indonesia - Red-and-blue Lory
Initiative
Oceania - Käkã & Kea
Programmes
UK - Kiwa Centre
Global Study & Advocacy
Key Results
600 parrots treated (DRC), 25 released
(Nigeria), national ban on trapping
(DRC)
119 Puerto Rican Amazon chicks
fledged; 44 nest boxes installed; 70th
Military Macaw chick reared
326 survey points completed; IUCN
status retained as Endangered
12 Käkã rehabilitated; 12 Kea
monitoring stations; 130 anti-collision
Primary Impact
Strengthened law
enforcement and habitat
protection
Species recovery and nest site
restoration
Prevented down-listing;
community-based
conservation
Reduced human-wildlife
conflict; public awareness
100 parrots cared for; aviary upgrades; Flagship welfare & education
first-aid training
hub for Europe
DNA forensic tool; CITES engagement;
captive-breeding study
Evidence-based policy and
leadership
The World Parrot Trust (800944)
Trustees' Annual Report
Page 8

Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with
the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and
applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year
which give a true and fair view of the 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 statements, 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 statements; and
• prepare the financial statements 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 with 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 steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charitable and financial information
included on the charity's website. Legislation governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Approved by the Board of Trustees on
27-1•26
2026 and signed on its behalf by:
ATHMes
Mrs A Hales
Trustee
The World Parrot Trust (800944)
Trustees' Annual Report
Page 9

The World Parrot Trust
Independent Examiners Report
For the year ended 31 March 2025
I report to the Trustees on my examination of the accounts of The World Parrot Trust for the year
ended 31 March 2025.
Responsibilities and basis of report
As the charity Trustees of The World Parrot Trust you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of The World Parrot Trust's accounts carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since The World Parrot Trust's gross income exceeded £250,000 your examiner must be a member of
a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the
examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The World Parrot Trust as required by section 130
of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view' which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Darren Perry BA (Hons) ACA DChA
Francis Clark LLP
Lowin House
Tregolls Road
Truro
TR1 2NA
Date: 27 January 2026
The World Parrot Trust (800944)
Independent Examiners
Page 10

The World Parrot Trust
(Charity no. 800944)
Statement of Financial Activities (SoFA)
For the year ended 31 March 2025
Notes
2
3
4
Unrestricted
Funds (E)
Restricted
Funds (E)
Total Funds
2025 (E)
Total Funds
2024 (E)
Income from:
Donations and legacies
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
250,355
-
43,589
293,944
306,638
556,993
306,638
43,589
600,582
1,133,368
26,802
12,183
1,172,353
5
6
21
-46,189
-170,141
-216,330
77,614
-184,650
-107,036
21
1,569,785
1,462,749
-
-461,628
-461,628
-154,990
184,650
29,660
36,386
66,046
-46,189
-631,769
-677,958
-77,376
-
-77,376
1,606,171
1,528,795
-21,241
-485,320
-506,561
665,792
-
665,792
940,379
1,606,171
All income and expenditure derive from continuing activities. The notes on pages 13 to 28 form part of these
financial statements.
The World Parrot Trust (800944)
Statement of Financial Activities
Page 11

The World Parrot Trust
(Charity no. 800944)
Statement of Financial Position
For the year ended 31 March 2025
Notes
Charity 2025 (E)
Charity 2024 (E)
Fixed Assets
Intangible assets
Tangible assets
13
14
2,175
36,713
38,888
4,350
54,567
58,917
Current Assets
Stocks
Debtors
Cash at bank and in hand
15
16
17
Creditors: amounts falling due within one year
Net current assets
Net assets
Funds of the charity:
Restricted funds
Unrestricted funds
Total funds
18
13,307
12,786
1,464,906
1,490,999
-1,092
1,489,907
1,528,795
10,840
6,523
1,544,221
1,561,584
-14,330
1,547,254
1,606,171
21
66,046
1,462,749
1,528,795
36,386
1,569,785
1,606,171
The financial statements on pages 10 to 29 were approved by the Trustees, and authorised for issue
on 27:1:26 and signed on their behalf by:
...
AT-Hales
Mrs A Hales
Trustee
The World Parrot Trust (800944)
Statement of Financial Position
Page 12

World Parrot Trust
(Charity no. 800944)
Statement of Cash Flows (Indirect Method)
For the year ended 31 March 2025
Notes
Charity 2025 (E)
Cash flows from operating activities
Net income/(expenditure) for the year
Adjustments for non-cash items:
Depreciation
Amortisation
Investment income
-77,376
14
13
4
17,854
2,175
43,589
-13,758
Working capital adjustments
(Increase) / Decrease in stocks
(Increase) / Decrease in debtors
Decrease in creditors
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
Purchase / sale of tangible fixed assets
Net cash flows from investing activities
Net increase / (decrease) in cash and cash equivalents
15
16
18
-2,467
-6,263
-13,238
-35,726
-43,589
-43,589
-79,315
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
1,544,221
1,464,906
The World Parrot Trust (800944)
Statement of Cash Flow
Charity 2024 (E)
665,792
16,435
2,175
-12,183
672,219
1,619
-3,295
-3,107
667,436
12,183
-31,147
-18,964
648,472
895,749
1,544,221
Page 13

Notes to the Financial Statements
For the year ended 31 March 2025
1. Accounting Policies
General information
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) -
(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 otherwise stated in the relevant accounting
policy notes.
These accounts relate solely to 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 governing
document, under the World 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 Parrot Trust.
Therefore, the financial results of these foreign operations are not consolidated or reflected in these financial
statements, other than in the form of contributions towards UK activities such as donations and purchases of
goods.
Going concern
The Trustees have considered the charity's ability to continue as a going concern and are satisfied that there
are no material uncertainties that may cast significant doubt on the charity's ability to continue operations for
at least twelve months from the date of approval of these financial statements. In making this assessment, the
Trustees have taken into account their intention to transfer the activities of the charity to a Charitable
Incorporated Organisation (CIO). The Charity Commission has approved the registration of the CIO (charity
number 1212263); however, the CIO is not yet active and no formal transfer agreement is currently in place.
Accordingly, the financial statements have been prepared on a going concern basis.
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 sufficient 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 charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
World Parrot Trust 800944)
Notes to the Accounts
Page 14

Notes to the Financial Statements
For the year ended 31 March 2025 (Continued)
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as
the gift to which they relate.
Investment income
Income from investments is included in the year in which it is receivable.
Other income
Membership fees, including life 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 once paid the membership fee is not refundable.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it 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 consistent with the use of resources.
Raising funds
These are costs incurred in attracting voluntary income and those incurred in trading activities that raise
funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities 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
charity 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 the 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 at 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 at cost, less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
The World Parrot Trust (800944)
Notes to the Accounts
Page 15

Notes to the Financial Statements
For the year ended 31 March 2025 (Continued)
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% per annum straight line
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost 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% per annum straight line
25% per annum straight line
25% per annum straight line
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard
for obsolete and slow-moving stocks. Cost is determined using the first-in, first-out (FIFO) basis. Items donated
for resale or distribution are not included in the financial statements until they are sold or distributed.
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 instrument.
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 effective interest method.
The World Parrot Trust (800944)
Notes to the Accounts
Page 16

Notes to the Financial Statements
For the year ended 31 March 2025 (Continued)
2. Income from donations and legacies
Unrestricted
Funds (E)
Donations and legacies;
Donations from individuals
Legacies and bequests
Grants, including capital
grants;
Grants & project income
Membership fees
Income from donations
and legacies
69,488
175,599
Restricted Funds Total Funds 2025 Total Funds 2024
(E)
(E)
(E)
69,488
175,599
133,145
948,731
306,638
5,268
250,355
306,638
306,638
5,268
556,993
43,236
8,256
1,133,368
3. Income from other trading activties
Total Funds 2025 (E)
Total Funds 2024 (E)
Merchandise sales
Events income
Investment income
22,707
4,095
26,802
Other Trading Activities
The charity had planned a trading initiative, Naturally Parrots, intended to generate income through
merchandise sales to help offset the costs of parrot care and rehabilitation at the Kiwa Centre. During the year,
no income was generated from this initiative as it did not reach the point of trading, and the project has since
been put on hold following the departure of the responsible staff member.
As a result, no income from other trading activities is recognised for the year. Any associated costs incurred in
preparation for this initiative have been reviewed and reclassified where appropriate, but they do not result in a
net trading surplus or deficit.
The World Parrot Trust (800944)
Notes to the Accounts
Page 17

Notes to the Financial Statements
For the year ended 31 March 2025 (Continued)
4. Investment income
Unrestricted
Funds (E)
Restricted Funds Total Funds 2025
Total Funds 2024
Interest receivable on bank
deposits
43,589
43,589
12,183
Investment income
43,589
43,589
12,183
5. Expenditure on Raising Funds
Unrestricted
Funds (E)
Restricted Funds Total Funds 2025
Total Funds 2024
(E)
(E)
(E)
Fundraising trading costs
46,189
46,189
21,241
Fundraising trading costs
46,189
46,189
21,241
The World Parrot Trust (800944)
Notes to the Accounts
Page 18

Notes to the Financial Statements
For the year ended 31 March 2025 (Continued)
6. Expenditure on charitable activities
Activity
undertaken
directly
361,200
100,427
Activity
support costs
Total 2025 (E)
Total 2024 (E)
Regional Conservation Projects
Wages and Salaries
Insurance
Printing, postage and telephone
Sundry expense
Conferences and travel
General Admin Expenses
Accountancy fees
Bank interest and charges
Depreciation & amortisation
Consultancy fees
Support expenses
Expenditure on charitable activities
461,627
67,075
1,256
17,613
5,963
3,263
30,767
4,435
844
20,029
10,705
8,192
170,142
361,200
167,502
1,256
17,613
5,963
3,263
30,767
4,435
844
20,029
10,705
8,192
631,769
367,446
56,935
1,490
3,947
748
1,981
14,331
12,863
1,017
18,610
5,952
485,320
Categorisation of Charitable Expenditure
During FY 2025, certain charitable expenditure categories were reviewed and refined to improve consistency
and clarity of presentation. As part of this review, costs previously classified under Advertising and Promotion
were reclassified to General Administration, as these expenses were assessed to relate primarily to internal
operational support rather than direct charitable outreach or programme delivery.
In addition, expenditure items arising in FY 2025 that did not align with the prior-year expense groupings have
been presented within a new Support Costs category. This includes, for example, maintenance and equipment
support costs, which support the delivery of charitable activities but are not directly attributable to a specific
programme.
These changes were made to better reflect the nature of the underlying costs and to enhance the usefulness of
the financial information to users. Comparative figures have been reviewed and adjusted where necessary to
ensure consistency.
The World Parrot Trust (800944)
Notes to the Accounts
Page 19

Notes to the Financial Statements
For the year ended 31 March 2025 (Contnued)
7. Expenditure on conservation projects
Unrestricted
Funds (E)
Restricted Funds Total Funds 2025
(E)
(E)
Total Funds 2024
(E)
Conservation Projects
118,276
Africa Projects Expense
Neotropics Projects Expense
Indonesia Projects Expense
Kiwa Centre Expense
Education Expense
Other Worldwide Projects
Expense
Total expenditure on
conservation projects
107,824
35,491
50,754
172,958
60,950
107,824
35,491
50,754
172,958
60,950
156,249
57,218
33,650
33,650
35,703
461,627
461,627
367,446
8. Net incoming / outgoing resources
Total Funds 2025 (E)
Total Funds 2024 (E)
Net incoming / (outgoing) resources for the
year include:
Depreciation of fixed assets
Amortisation of software
Net incoming / (outgoing) resources
17,854
2,175
20,029
16,435
2,175
18,610
The World Parrot Trust (800944)
Notes to the Accounts
Page 20

Notes to the Financial Statements
For the year ended 31 March 2025 (Continued)
9. Trustees remuneration and expenses
During the year the charity made the following transactions with Trustees:
Ms C Senni
Ms C Senni received consultancy remuneration of £12,850.74 (2024: £12,998) during the year as permitted by
the governing 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.
10. Staff costs during the year were:
Total Funds 2025 (E)
Total Funds 2024 (E)
Wages and salaries
170,140
124,292
Social security costs
15,874
9,590
Pension costs
3,305
2,014
189,319
135,896
Average number of persons (including senior management / leadership team) employed by the charity during
the year expressed by average headcount was as follows:
Administation
6
5
No employee received emoluments of more than £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 in note 9.
The World Parrot Trust (800944)
Notes to the Accounts
Page 21

Notes to the Financial Statements
For the year ended 31 March 2025
11. Auditors remuneration
Total Funds 2025 (E)
Total Funds 2024 (E)
Fees for audit work
Fees for non-audit services
-
6,250
3,250
Fees for independent examination
4,435
4,435
9,500
12. Taxation
The charity is a registered charity and is therefore exempt from taxation.
13. Intangible fixed assets
Total Funds 2025 (E)
Costs
At 1 April 2024
At 31 March 2025
11,362
11,362
Amortisation
At 1 April 2024
Charge for the year
At 31 March 2025
7,012
2,175
9,18/
Net book value
At 31 March 2025
At 31 March 2024
2,175
4,350
The World Parrot Trust (800944)
Notes to the Accounts
Page 22

Notes to the Financial Statements
For the year ended 31 March 2025
14. Tangible fixed assets
Land and
buildings
Furniture and
equipment
Costs
At 1 April 2024
Additions
Disposal
At 31 March 2025
239,372
58,325
239,372
58,325
Depreciation
At 1 April 2024
Depreciation for the year
At 31 March 2025
187,544
16,366
203,910
57,336
613
57,949
Net book value
At 31 March 2025
At 31 March 2024
35,462
51,828
376
989
The World Parrot Trust (800944)
Notes to the Accounts
Motor vehicles
6,195
6,195
4,445
875
5,320
875
1,750
Total Funds 2025
(E)
303,892
303,892
249,325
17,854
267,179
36,713
54,567
Page 23

Notes to the Financial Statements
For the year ended 31 March 2025
15. Stocks
Total Funds 2025 (E)
At 31 March 2024
Purchase
Sold
At 31 March 2025
10,840
6,826
-4,359
13,307
16. Debtors
Total Funds 2025 (E)
Trade Debtor
Trustee Advance
Prepayments
At 31 March 2025
1,003
6,710
5,073
12,786
17. Cash and cash equivalents
Total Funds 2025 (E)
Cash at bank
Other cash and cash equivalents
At 31 March 2025
1,464,906
1,464,906
The World Parrot Trust 800944)
Notes to the Accounts
Total Funds 2024 (E)
12,459
-1,619
10,840
Total Funds 2024 (E)
575
5,948
6,523
Total Funds 2024 (E)
1,539,381
4,840
1,544,221
Page 24

Notes to the Financial Statements
For the year ended 31 March 2025
18. Creditors
Total Funds 2025 (E)
Total Funds 2024 (E)
Other creditors
Accruals
At 31 March 2025
1,092
1,092
2,930
11,400
14,330
19. Related party transactions
The Trust receives management and staff assistance, along with promotion support, 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, the Trust received £4,804 (2024 - £4,355) from Paradise Park from donation boxes, the Parrot
Show, and merchandise sold through the Park's shop. Paradise Park now collects 40% plus VAT of gross sales
from selling WPT merchandise in its gift shop (2024 - previously recorded as at no cost to the Trust).
The Trust received Enil (2024 - £40,500) from Paradise Park as reimbursement of aviary costs incurred on
behalf of the Park.
During the year, the Trust paid £5,327 (2024 - £7,297) to Paradise Park in respect of commission on merchandise
sales, peppercorn rent, and reimbursement of costs incurred on behalf of the Trust.
During the year, payments of £10,329 (2024 - £11,990) were made to World Parrot Trust U.S.A., a charity with
common trustees, in respect of donations and reimbursement of expenses. Receipts of £25,292 were received
from World Parrot Trust U.S.A as project income. A balance of Enil (2024 - £550) was outstanding at the year
No unconditional donations were received from a trustee of the charity during the year (2024 - £100,000).
In the prior year, the Trust has entered into a 7-year lease agreement with Alison Hales and Nicholas Reynolds to
lease land at Paradise Park for a peppercorn rent. There were no amounts outstanding at the balance sheet
date (2024 - nil).
Trustee advance
During the year, the charity made a payment to local tax authorities on behalf of a trustee (Joseph Davenport)
due to temporary banking and access issues while the trustee was based overseas. The amount is expected to
be fully repaid to the charity in the following financial year and has therefore been recognised as an amount
receivable at the reporting date. The trustees consider this arrangement to be short-term and recoverable.
The World Parrot Trust (800944)
Notes to the Accounts
Page 25

Notes to the Financial Statements
For the year ended 31 March 2025
20. Contingent assets
At 31 March 2025, the charity had been notified of two legacies that were probable but not capable of being
reliably measured in full and therefore are treated as contingent assets.
The Trustees were aware of amounts due from the Valarie Coltman Estate, although the precise sum was not
known at the year-end. As noted in correspondence from the estate solicitor dated 25 April 2024, interim estate
accounts had been prepared in draft and were under verification by the deceased's accountants. The Trustees
consider it probable that these funds will be received once the estate is finalised. Subsequent to the year end, a
payment of approximately £80,832 was received from this estate.
The charity was also notified in March 2025 of a further legacy denominated in South African Rand. At the year
end, the expected proceeds were approximately ZAR 104,464 (equivalent to around £4,500 at prevailing
exchange rates). As probate had not been completed and the final amount was not measurable at the year end,
no amount has been accrued. A payment of £4,076 was received in July 2025.
No other notifications of legacies had been received at the year end which met the criteria for recognition
under the Charities SORP. Any further amounts receivable in respect of estates remain uncertain at the balance
sheet date.
The World Parrot Trust (800944)
Notes to the Accounts
Page 26

Notes to the Financial Statements
For the year ended 31 March 2025
21. Funds
Balance at 1
April 2024
Incoming
resources
Unrestricted funds
General
Designated
Total unrestricted funds
Restricted funds
Africa Projects
Oceania Projects
Neotropics Projects
Indonesia Projects
Kiwa Centre
Publications / Education
Other Worldwide Projects
Total restricted funds
1,565,802
3,983
1,569,785
293,944
Resources
expended
-216,330
Transfers
Balance at 31
March 2025
-184,650
293,944
-216,330
-184,650
1,118
1,458,766
3,983
1,462,749
9,864
1,000
42,114
9,834
-
65
-
25,369
36,386
1,606,171
116,570
1,000
22,941
92,868
37,234
14,675
21,350
306,638
600,582
-107,824
-
-35,491
-50,754
-172,958
-60,951
-33,651
-461,629
-677,959
-
2,715
135,659
46,276
184,650
13,068
66,046
1,528,795
Restricted Funds
In the current year, the charity updated its chart of accounts to improve the presentation and tracking of
restricted activities. Restricted income and expenditure are now recorded by specific region and/or project,
with each regional or project category representing a separate restricted fund.
As a result of this restructuring, the restricted funds presented in the current year may not directly align with
the restricted fund headings disclosed in the prior year. Where this occurs, prior-year restricted funds have
either been mapped to the relevant regional or project fund,or merged where they relate to the same
underlying charitable activity. The old mapping of prior-year restricted funds is provided on the next page.
During the year, transfers were made from unrestricted funds to cover overspends on restricted activities
where expenditure was incurred in advance of the receipt of related restricted income.
This change does not affect the total level of restricted funds held. The revised structure provides clearer
reporting of how restricted funds are applied across the charity's conservation programmes, in accordance
with UK charity SORP guidance.
The World Parrot Trust (800944)
Notes to the Accounts
Page 27

Notes to the Financial Statements
For the year ended 31 March 2025
21. Funds (Continued)
Balance at 1
April 2023 (as
restated)
Incoming
resources
Unrestricted funds
General
920,611
Designated
Total unrestricted funds
920,611
Restricted funds
ECPA
65
IZ-BT
FHP-AP
1,118
HYMA
4,823
PACO
867
NECF-AG
9,870
BZ-HY
2,722
KTPN
65
LOVE
238
EKCT
Kiwa Centre
DNER
WYCC
WAG
USFS
TSWB
DZKW
Total restricted funds
19,768
Total funds
940,379
The World Parrot Trust (800944)
1,126,618
7,481
1,134,099
1,422
19,533
10,000
1,005
3,946
549
549
500
750
38,254
1,172,353
Notes to the Accounts
Resources
expended
-471,385
-3,498
-474,883
-4,099
-238
-10,000
-7,788
-3,946
-549
-549
-3,259
-500
-750
-31,678
-506,561
Transfers
Balance at 31
March 2024
-10,042
-10,042
1,565,802
3,983
1,569,785
65
1,422
1,118
4,823
867
25,304
2,722
65
6,783
-
-
3,259
10,042
36,386
1,606,171
Page 28

Notes to the Financial Statements
For the year ended 31 March 2025
21. Funds (Continued)
For comparative purposes, certain prior-year restricted fund balances have been re-presented by mapping old
account codes to the current regional or project-based fund structure. No balances were released, written off,
or eliminated; all were transferred in full to the corresponding new fund codes.
Key mappings:
• ECPA - Echo Parakeet Project → Other Worldwide Projects
• IZ-BT - Indianapolis Zoo (Blue-throated macaws) → Neotropics Projects
• FHP-AP - Folke H Peterson (African Parrots) → Africa Projects
• HYMA - Hyacinth macaws → Neotropics Projects
• PACO - Patagonian conures → Neotropics Projects
• NECF-AG - Natural Encounters Conservation Fund (Action Grants) → Other Worldwide Projects
• BZ-HY - Berlin Zoo (Hyacinth macaws) → Neotropics Projects
• KTPN - Neighborly (Kiwa trees) → Kiwa Centre
This reclassification does not affect the total restricted funds reported
22. Net assets
Fixed assets
Current assets
Current liabilities
Total net assets
Fixed assets
Current assets
Current liabilities
Total net assets
23. Net cash flows
General funds
38,888
1,420,970
-1,092
1,458,766
General funds
58,917
1,521,215
-14,330
1,565,802
Designated funds
Restricted funds
3,983
3,983
66,046
66,046
Designated funds
3,983
3,983
Restricted funds
36,386
36,386
Total funds at 31
March 2025
38,888
1,490,999
-1,092
1,528,795
Total funds at 31
March 2024
58,917
1,561,584
-14,330
1,606,171
At 1 April 2024
Cash flows
Cash and cash equivalents
1,544,221
-79,315
As 31 March 2025
1,464,906
The World Parrot Trust (800944)
Notes to the Accounts
Page 29