Charity Registration No. SC050047 (Scotland)
Company Registration No. SC650944 (Scotland)
AFRICAN PARKS UK
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
AFRICAN PARKS UK
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M Todd
M Hall
J H Zehner
(Appointed 1 April 2021)
M Hooft Graafland
(Appointed 18 November 2021)
B Kantor
(Appointed 18 November 2021)
C Graham
(Appointed 1 January 2022)
Charity number (Scotland)
SC050047
Company number
SC650944
Registered office
Summit House
4 - 5 Mitchell Street
Edinburgh
EH6 7BD
Auditor
Citroen Wells
Chartered Accountants
Devonshire House
1 Devonshire Street
London
W1W 5DR
AFRICAN PARKS UK
CONTENTS
Page
Trustees' report
1 - 4
Independent auditor's report
5 - 7
Statement of financial activities
8
Statement of financial position
9
Statement of cash flows
10
Notes to the financial statements
11 - 17
AFRICAN PARKS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)".

Objectives and activities

The charity's objects, as set out in Paragraph 3 of its Articles of Associations, is “to advance environmental protection, in particular the long term sustainability of national parks, protected areas and other nature areas in Africa for the benefit of nature and people by supporting the management and financing of national parks, protected areas and other nature areas in Africa, and all that is directly or indirectly related to this or can be conducive to this, all in the broadest sense.”

 

The charity acts as a fundraising entity in the UK for African Parks Network (‘APN’), a not for profit organisation based in South Africa.

APN takes on the direct responsibility for the rehabilitation and long term management of national parks and other protected areas in partnership with governments and local communities throughout Africa. The aim of APN is to rehabilitate each park under management, making them ecologically, socio-politically and financially sustainable long into the future, for the benefit of people and wildlife. APN secures long-term mandates from the government, typically for 20 years or more, puts in place critical funding solutions to secure money for the parks and installs effective management, including a board that sees representation from APN, the government and local communities.

Accordingly, the charity grants monies it receives to APN in the furtherance of its rehabilitation and long term-management of protected areas in Africa.

Achievements and performance

Despite the continued challenges resulting from the ongoing Covid pandemic, APN had an overall successful year. The organisation commenced work on the ground in Zambia’s Kafue National Park under a Priority Support Plan and concluded Memorandum of Understandings with the governments of Angola, South Sudan, and Ethiopia in preparation of new management mandates for six large protected areas. We started operations in Rwanda’s Nyungwe National Park, one of the oldest Afromontane rainforests in Africa, and undertook several important translocation projects, including the reintroduction of African Wild Dogs at Liwonde National Park and Majete Wildlife Reserve in Malawi, and Liuwa Plain National Park in Zambia. Towards the end of 2021 APN moved 30 white rhino from South Africa into Akagera National Park in Rwanda.

 

APN ended the year with 19 parks under management in 11 countries, ensuring 14.7 million hectares of some of the world’s most critical ecosystems are being effectively conserved.

 

While Covid continues to present challenges, park operations continued and for the second year running not one staff member lost their job due to Covid. Tourism levels remain depressed below 2019 levels but fundraising was strong all across the network. Despite Covid impacting travel and the ability to actively fundraise in the UK, there was been notable support from People’s Postcode Lottery contributing significantly from their Climate Challenge Fund and an Extra Award to soften a transition to quarterly payments from 2022. AP UK has also seen a small number of private donations and aims to continue to ramp up targeted fundraising activities in the UK.

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AFRICAN PARKS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021

African Parks UK – Update

2021 was the second year of operations of African Parks UK. After a year in which the charity temporarily became a promoting society of UK’s People’s Postcode Lottery’s (‘PPL’), the associated gambling licence was terminated and a new approach was approved by the African Parks UK board, with the purpose of growing and diversifying the charity’s income in the UK by pursuing new market segments. A new chairman, Mr. Jon Zehner, was appointed, assuming the position from Mr. Jonny Hughes, who had very competently led the board in its initial stages and who stepped down on the same date. In November 2021 three additional board members were appointed and plans are currently underway to enhance AP UK’s visibility and awareness to further develop and grow the charity’s income from individuals and foundations.

 

African Parks was one of 12 beneficiaries of the PPL’s Climate Challenge Fund, with £2 million coming from 3 draws in 2020 going to four protected areas in 2021: Nyungwe National Park in Rwanda, Odzala-Kokoua National Park in the Republic of Congo, Chinko Conservation Area in Central African Republic, Liuwa Plain National Park in Zambia. In 2021 we received an additional £316,030 from unredeemed prizes, which we allocated to a fifth park, Garamba National Park in Democratic Republic of Congo. An impact report is being prepared for PPL, to report on how their funding has helped to build climate resilience in these five wilderness areas.

On top of the Climate Challenge Fund support, an extra award of £1 million was received from the PPL, in preparation of a move towards quarterly distributions in 2022. The extra award was allocated to Liwonde National Park in Malawi and Zakouma National Park in Chad.

The charity’s activities on the ground in the UK have been limited during the period under review. The ongoing pandemic has impacted the ability to travel and to meet with prospective donors and. Still, several smaller and larger gifts were received from individual donors. An employee was transferred from APN to the charity in May 2021 and APN continued to lead the fundraising associated activities in the UK with support from the staff from APN’s European fundraising office in the Netherlands.

Financial review

The Statement of Financial Activities set out on page 8 of the financial statements shows how incoming resources have been expended.

Incoming resources totaled £1,525,455 (2020: £2,039,038), comprising monies received from the Postcode Planet Trust ('PPT') of £1,000,000, £316,030 (2020: £2,024,038) of monies received from the PPL for the operation of lotteries, donations from APN of £68,400 (2020: £10,000), donations from individuals and other foundations of £122,895 (2020: £5,000) and gift aid receivable of £18,130 (2020: £nil).

Resources expended on charitable activities amounted to £1,434,705 (2020: £2,033,554), of which £49,333 (2020: £nil) was defrayed on raising funds, £1,373,030 (2020: £2,024,038) on charitable expenditure and £12,342 (2020: £9,576) on governance costs.

The resulting surplus for the year was £90,750 (2020: £5,484).

The Statement of Financial Position set out on page 9 of the financial statements shows the financial position of the charity at 31 December 2021.

Total assets less current liabilities amounted to £96,234 (2020: £5,484) which is represented by the closing balances on the unrestricted funds and restricted funds of £5,609 (2020: £484) and £90,625 (2020: £5,000) respectively.

The charity is committed to using resources in pursuit of its charitable objects. It is also committed to maintain a level of reserves that is prudent to meet on-going liabilities, sufficient to ensure that all commitments can be met. At 31 December 2021, the charity had free reserves of £5,609.

AP UK’s trustees feel the level of reserves are appropriate given that the charity has no office and very limited staff on its payroll. Being part of the larger African Parks network, APN signs off on the budgeted expenditures of the charity and provides the funding needed to cover the charity’s expenses.

 

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AFRICAN PARKS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021

Despite the impact of Covid on our activities in the UK, the trustees of the charity see no material uncertainties that may cast significant doubt on the charity’s ability to continue as a going concern, as the charity has no recurring liabilities and sufficient cash on hand. Part of the cash on hand includes €16.9 million in free reserves, held by Stichting African Parks in the Netherlands on behalf of APN, that can be used to bridge the funding gap at the end of each year, i.e. to fund costs that African Parks has not been able to meet through donations and revenue generating activities. African Parks has not drawn from this reserve since 2013.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

Unless the developments of the Covid pandemic cause another setback, the charity intends to expand its fundraising activities in 2022. This would include hiring fundraising staff into the organisation.

 

The trustees believe that the mission of APN has only grown in importance by the events caused by Covid, and believe its impact in the African landscape will continue to be recognized by donors. PPL has indicated they will continue their support at a level of £1.5 million for the next two years.

 

Ms Melissa Hall, one of the Trustees, will focus her role on making sure that the charity is compliant. AP UK may consider adding to the board in 2022.

Structure, governance and management

The charity is a company limited by guarantee incorporated in Scotland, with company registration number SC650944. The charity is also a registered charity in accordance with the Charities and Trustee Investment (Scotland) Act 2005, with charity registration number SC050047.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

M Todd
J Hughes
(Resigned 1 April 2021)
M Hall
J H Zehner
(Appointed 1 April 2021)
M Hooft Graafland
(Appointed 18 November 2021)
B Kantor
(Appointed 18 November 2021)
C Graham
(Appointed 1 January 2022)

None of the trustees has any beneficial interest in the charity. All of the trustees are members of the charity and guarantee to contribute £1 in the event of a winding up.

 

Board members use their own network of contacts to identify suitable candidates possessing the necessary knowledge and skills to act as trustees of the charity. At the present time, the charity has six trustees, which is considered adequate for its purposes. In accordance with paragraph 8 of the charity's Articles of Association the number of trustees shall not be less than three.

 

Trustees are recruited on the basis of their existing relevant knowledge. Information relating to the charity's legal status, finances and activities are provided in advance of appointment. Trustees are expected to identify their training needs and to take measures to ensure that these needs are met.

 

The charity's policy is set by the Board of Trustees and the day-to-day management exercised by Sophie Vossenaar.

 

The trustees may appoint or re-appoint a person who is willing to be a trustee, either to fill a vacancy or as an additional trustee.

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AFRICAN PARKS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees hold office for four years (a "term") from the date of their appointment and shall then retire. A retiring trustee may, if willing to act, be re-appointed for a further term unless that trustee has already held office for two consecutive terms, in which event, that trustee shall not be eligible for re-appointment until a one year break period has elapsed.
Statement of trustees' responsibilities

The trustees, who are also the directors of African Parks UK for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charitable company for that year.

 

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; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate 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 and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemptions.

The trustees' report was approved by the Board of Trustees.

J H Zehner
Trustee
Dated: 6 May 2022
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AFRICAN PARKS UK
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF AFRICAN PARKS UK

Opinion

We have audited the financial statements of African Parks UK (the ‘charity’) for the year ended 31 December 2021 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-
- 5 -

give a true and fair view of the state of the charitable company's affairs as at 31 December 2021 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's 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 to 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 requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the 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 to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

AFRICAN PARKS UK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF AFRICAN PARKS UK
Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the trustees' report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

-

adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-
certain disclosures of trustees' remuneration specified by law are not made; or
-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material 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 not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

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AFRICAN PARKS UK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF AFRICAN PARKS UK

Our approach was as follows:

 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charity’s trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body,and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Hannah Sibley FCA (Senior Statutory Auditor)
for and on behalf of Citroen Wells
10 May 2022
Chartered Accountants
Statutory Auditor
Devonshire House
1 Devonshire Street
London
W1W 5DR
- 7 -
AFRICAN PARKS UK
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2021
2021
2021
2020
2020
2020
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
1,068,800
140,625
1,209,425
10,000
5,000
15,000

Other trading activities

Lottery income

3
316,030
-
316,030
2,024,038
-
2,024,038
Total income
1,384,830
140,625
1,525,455
2,034,038
5,000
2,039,038
Expenditure on:
Raising funds
4
49,333
-
49,333
-
-
-
Charitable activities
5
1,330,372
55,000
1,385,372
2,033,554
-
2,033,554
Total expenditure
1,379,705
55,000
1,434,705
2,033,554
-
2,033,554
Net income for the year/
Net movement in funds
5,125
85,625
90,750
484
5,000
5,484
Fund balances at 1 January 2021
484
5,000
5,484
-
-
-
Fund balances at 31 December 2021
5,609
90,625
96,234
484
5,000
5,484

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 8 -
AFRICAN PARKS UK
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2021
31 December 2021
2021
2020
Notes
£
£
£
£
Current assets
Other receivables
11
18,130
-
Cash at bank and in hand
586,745
14,125
604,875
14,125
Current liabilities
12
(508,641)
(8,641)
Net current assets
96,234
5,484
Income funds
Restricted funds
13
90,625
5,000
Unrestricted funds
5,609
484
96,234
5,484
The financial statements were approved by the Trustees on 6 May 2022
J H Zehner
Trustee
Company Registration No. SC650944
- 9 -
AFRICAN PARKS UK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Notes
£
£
£
Cash flows from operating activities
Cash generated from operations
16
572,620
14,125
Net cash used in investing activities
-
-
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
572,620
14,125
Cash and cash equivalents at beginning of year
14,125
-
Cash and cash equivalents at end of year
586,745
14,125
- 10 -
AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
Charity information

African Parks UK is a private company limited by guarantee incorporated in Scotland. The registered office is Summit House, 4 - 5 Mitchell Street, Edinburgh, EH6 7BD.

 

The nature of the charity's operations and principal activities are set out in the Trustees’ Report.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, based on the ongoing financial and operational support from the African Parks Network. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

The charity receives proceeds of lotteries by The People's Postcode Lottery ('PPL'). The charity has no ability to alter the price of tickets, determine the prizes or reduce the management fee. As such, PPL are treated as acting as the principal. Net proceeds due to the charity are recognised under lottery income in the Statement of Financial Activities. The analysis of the proceeds is detailed in note 3.

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AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
1.5
Expenditure

Resources expended are included in the Statement of Financial Activities on an accruals basis.

 

Expenditure on charitable activities comprises expenses incurred in pursuance of the charity's principal activities.

 

VAT is charged against the expenditure heading for which it was incurred.

 

Governance and support costs, which are included in expenditure on charitable activities, are those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

1.6
Cash and cash equivalents

Cash and cash equivalents include deposits held at call with banks.

1.7
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including other payables are initially recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2021
2021
2021
2020
2020
2020
£
£
£
£
£
£
Donations and gifts
1,068,800
140,625
1,209,425
10,000
5,000
15,000
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AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
3

Lottery income

Unrestricted
Unrestricted
funds
funds
2021
2020
£
£

People's Postcode Lottery ('PPL') income

316,030
2,024,038

During the year the charity received the balance of the unredeemed prizes in relation to lotteries held by PPL in 2020. No lotteries were held by PPL on behalf of the charity in 2021.

4
Raising funds
Unrestricted
Total
funds
2021
2020
£
£

Fundraising

Staff costs
49,333
-
49,333
-
5
Charitable activities
2021
2020
£
£
Grant funding of activities (see note 6)
1,373,030
2,024,038
Governance and support costs (see note 7)
12,342
9,516
1,385,372
2,033,554
Analysis by fund
Unrestricted funds
1,330,372
2,033,554
Restricted funds
55,000
-
1,385,372
2,033,554
- 13 -
AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
6
Grants payable
2021
2020
£
£
Grants to institutions:
GambleAware
2,000
-
African Parks Network
1,371,030
2,024,038
1,373,030
2,024,038
7
Governance costs
2021
2020
£
£
Audit fees
4,320
4,320
Accountancy
7,740
4,320
Legal and professional
217
876

Bank charges

65
-
12,342
9,516
8
Auditor's remuneration

The analysis of auditor's remuneration is as follows:

Fees payable to the charity's auditor:
2021
2020
£
£
Audit of the charity's annual accounts
4,320
4,320
Non-audit services
All other non-audit services
7,740
4,320
9
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

 

Included in other payables is £1 owed to a trustee, following monies advanced to the charity during the prior year.

- 14 -
AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
10
Employees

The average monthly number of employees during the year was:

2021
2020
Number
Number
Fundraising
1
-
0
Employment costs
2021
2020
£
£
Wages and salaries
42,553
-
Social security costs
5,047
-
Other pension costs
1,733
-
49,333
-
11
Other receivables
2021
2020
Amounts falling due within one year:
£
£
Other receivables
18,130
-
12
Current liabilities
2021
2020
£
£
Other payables
1
1
Accruals and deferred income
508,640
8,640
508,641
8,641
- 15 -
AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
13
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Balance at
1 January 2021
Incoming resources
Resources expended
Balance at
31 December 2021
£
£
£
£
APN Majete Wildlife Reserve
5,000
-
(5,000)
-
APN Matusadona Park
-
140,625
(50,000)
90,625
5,000
140,625
(55,000)
90,625

APN Majete Wildlife Reserve

In the prior year the charity received a donation for £5,000 from the Thandizo Foundation solely for the purpose of African Parks Network park management of the Majete Wildlife Reserve. The amounts were granted to African Parks Network during the year, to be applied for the park management of the Majete Wildlife Reserve.

 

APN Matusadona Park

The charity received donations from an individual and the Corton Hill Trust, of £90,625 (inlcuding gift aid) and £50,000 respectively. These amounts were solely for the purpose of African Parks Network park management of Matusadona Park, The donations from the Corton Hill Trust, of £50,000 was granted to African Parks Network during the year, to be applied for the park management of Matusadona Park.

14
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2021
2021
2021
2020
2020
2020
£
£
£
£
£
£
Fund balances at 31 December 2021 are represented by:
Current assets/(liabilities)
5,609
90,625
96,234
484
5,000
5,484
5,609
90,625
96,234
484
5,000
5,484
15
Related party transactions

During the period under review, the charity had the following transactions with African Parks Network ('APN'), a South African based not for profit organisation.

 

Donations received from APN totalled £68,400 (2020: £10,000)

 

Grants payable in the period to APN amounted to £1,371,030 (2020: £2,024,035). Included in other payables is £500,000 of grants pledged to APN at the year end.

- 16 -
AFRICAN PARKS UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
16
Cash generated from operations
2021
2020
£
£
Surplus for the year
90,750
5,484
Movements in working capital:
(Increase) in other receivables
(18,130)
-
Increase in other payables
500,000
8,641
Cash generated from operations
572,620
14,125
- 17 -
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