Company no. 6238115 Charity no. 1119286
BBC Wildlife Fund Report and Financial Statements 31 March 2012 BBC Wildlife Fund
Reference and administrative details
For the year ended 31 March 2012
Company number 6238115
Charity number 1119286
Registered office and BBC White City operational address Room 4171 201 Wood Lane London W12 7TS
Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Chairman Alec McGivan (appointed April 2012) Bernard Mercer (resigned 13 April 2011) Helen Kellie (Chair from 13 April 2011, resigned 8 December 2011) Deputy Chairman Neil Nightingale Treasurer Andrew Sykes Toby Aykroyd Yogesh Chauhan (acting chair April 2011-March 2012, resigned 23 April 2012) Sarah Ridley Shyam Parekh Georgina Domberger (nee Ponder) Lynsey Tweddle Tom Archer (resigned 8 December 2011)
Company Secretary Melissa Price
Principal staff Amy Coyte Director (left 31 December 2011)
Advisers Nick Forster (appointed 1 January 2012) Victoria Secretan (appointed 1 January 2012)
Bankers HSBC Regional Services Centre Europe PO Box 125 2nd Floor, 62-76 Park Street London SE1 9DZ
Solicitors Farrer & Co 66 Lincoln's Inn Fields London WC2A 3LH
Auditors Sayer Vincent Chartered accountants and statutory auditors 8 Angel Gate City Road London EC1V 2SJ
1 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
The trustees present their report and the audited financial statements for the year ended 31 March 2012.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005).
Chairman's Report – Alec McGivan
I write this report as the current Chair of the BBC Wildlife Fund, having been appointed as a Trustee and Chair on 23 April 2012, following the resignation of Yogesh Chauhan. Yogesh, who stood down as a Trustee and Acting Chair on leaving the BBC, has been a driving force in the establishment and success of the Fund and we are most grateful for his contribution and resolute commitment to its aims. At the AGM in December 2011, Helen Kellie resigned as chair and Tom Archer as a trustee, both having given much to the direction of the fund’s activities. The remaining Trustees have reaffirmed their intention to continue to direct and support the Fund through the remaining life of the Fund. 2011-12 has been a year of both achievement and disappointment. In July 2011, we learnt that the BBC would no longer support the BBC Wildlife Fund. However, the BBC would continue its commitment to raising awareness of wildlife issues through the production of natural history output. In addition, the Chief Executive of Plantlife, Victoria Chester, was appointed as a member of the BBC’s Appeals Advisory Committee to advise on the wildlife and conservation sector.
The BBC Wildlife Fund Trustees developed and considered carefully a range of potential formats through which the Fund might continue to raise awareness and funds to help save threatened wildlife and places. These included a digital model and the potential for a Wild Week fundraising event. Despite their very best efforts, none proved feasible and at a meeting in August 2011, the Trustees reluctantly concluded that the Fund would have to close. The following statement was issued to stakeholders: In light of the decision by the BBC to no longer support the BBCWF, with great reluctance the Board of Trustees has no choice but to implement a wind down plan for the charity.
It is with sadness that the Trustees have had to make this decision for they agree the potential of the charity to make a great and lasting difference to threatened wildlife throughout the world is clear. Helen Kellie former chair of the BBC Wildlife Fund says, "We are proud to have generated funds enabling us to support vital conservation work for a variety of wildlife. This includes bringing species back from the brink of extinction."
The BBCWF would like to thank all those in the wildlife sector who have dedicated much time and expertise to ensuring audience donations are placed to maximum effect to improve the desperate plight of wildlife. The unique nature of the fund has brought together the creative skills of the BBC with the expertise of the wildlife sector to deliver for wildlife and their habitats. The BBCWF recognises how important this has been at a time when the on-going pressures on the sector to address the growing declines in biodiversity are increasing.
The Trustees will continue to show commitment to the existing projects supported by the charity, ensuring monitoring and evaluation of the work and all governance obligations are delivered before the closure of the charity in 2012.
2 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
Having reached this conclusion, the Trustees and Director developed a wind-down plan and spend out policy which would ensure that the Fund’s commitments to donors and organisations awarded grants were well met. The transparent grant making system established in 2010-11 continued, with the “golden pound” pledge meaning that every pound raised would go directly to vital conservation projects.
Profound thanks are due to all those who have played a part in the Fund since its inception in 2007, be they Trustees, staff, celebrities who have lent their support, the specialists who assessed grant applications, partner organisations, all those who submitted applications and those who have reported so thoroughly on how grants have been used to benefit wildlife and habitats. Of course nothing could have been achieved without the generosity of all those who gave financial donations large and small through the lifetime of the Fund. Its timespan may have been short but its impact will be wonderfully long lasting.
Alec McGivan Chair since April 2012
3 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
The Fund’s purpose The BBCWF has made a substantial contribution to wildlife conservation. While there are several well-known conservation charities, many, including small but vital organisations in the sector, struggle to secure the funding they need. The BBCWF helped bridge the gap, raising funds through public, broadcast-led appeals, to be passed on to organisations meeting strict criteria and after thorough assessment, calling on some of the best conservation expertise in the UK.
Structure, governance and management The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. Its overall purpose is to support UK registered charities that make measurable and significant contributions to the conservation of threatened wildlife and places. The BBC Wildlife Fund was set up by the BBC to distribute funds raised first through Saving Planet Earth and then through A Wild Night In and the fundraising efforts of, among others, individual viewers, schools and workplaces. At the same time, its purpose was to raise awareness of the need to protect not only the most endangered animals on the planet but also less well known species for which there is little or no public profile.
Trustees The Constitution provides that half of the Trustees are nominated by the BBC and half are elected by the members of the BBC Wildlife Fund. On appointment, Trustees agreed to be bound by a Code of Conduct. They received an induction pack and were invited to meet with the Chair and Director. These measures aimed to ensure that all those appointed have an appropriate working knowledge of the organisation and of their responsibilities.
The Trustees are responsible for the charity’s management of risk, endeavouring to identify major risks to which the charity is exposed and to mitigate those risks as far as possible. The Trustees maintain a risk register which is reviewed regularly. A Finance, Audit and Risk Committee was also in place through the year.
Staffing In December 2011, Amy Coyte, who had directed the work of the Fund with skill and commitment since July 2009, left to take up a new, senior role in the field of wildlife conservation. She was assisted with the administration of the Fund through the year by David Sharman who, on leaving at the end of March 2012, has also continued to develop his career in the field. To assist in ensuring a responsible wind-down of the charity, the Trustees appointed independent advisers, Nick Forster and Victoria Secretan until its closure.
The future Though the decision was taken in August 2011 to close the Fund, there remain commitments to be fulfilled. Final agreed grants are to be paid and any remaining funds dispersed. Through 2012, reports are due from those organisations that have received grants in the final rounds and these will be carefully reviewed and reported to Trustees. Formalities on the closure of the charity and company remain to be completed and a closing financial statement will be prepared. At the closure of the Fund, there will be communication with the range of stakeholders who have participated through its operation and a legacy website will be retained by the BBC for three years to inform anyone interested in learning of the achievements its grants have enabled. The BBC Outreach team will offer signposting for any enquiries and Trustees have volunteered their guidance to individuals and organisations working to meet the objectives of the Wildlife Fund.
4 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
Grants Disbursed 2011/2012 We were supported by a volunteer bank of specialist assessors, which enabled us to ensure all grant applications were assessed rigorously. A total of 21 projects were awarded grants.
The list of 2011/2012 Grants is as follows:
Project name Organisation Funding agreed Location Saving the Albatross – the RSPB £9,750.00 Brazil Albatross Task Force The Ethiopian Wolf Born Free £6,000.00 Ethiopia Conservation Programme Strengthening Marine Pretoma/Whitley Fund £5,000.00 Costa Rica Conservation through for Nature collaborative efforts with the Ministry of Environment (MINAE) and the Fisheries Sector Defining the Boundaries: Whale & Dolphin £5,000.00 UK Protecting the UK’s whales, Conservation Society dolphins and porpoises
Exploration and WCS/ZSL £6,453.00 Guatemala participation to reduce conflicts between scarlet macaw conservation and timber management. Great Bustards and Stone The Great Bustard £5,000.00 UK Curlews Group Bechstein’s Bat Survey Bat Conservation Trust £5,900.00 UK
Mull Eagle Watch: 24/7 Mull & Iona Community £5,000.00 UK Trust The Yatton and Hawk and Owl Trust £5,511.00 UK Congresbury Community Owls Project Sustainable Fish City Sustain £10,000.00 UK London British Trust for £9,840.00 UK and Africa Satellite tracking Cuckoos Ornithology Protection and The Marine £5,000.00 Malaysia regeneration of coral reefs Conservation Society threatened and degraded by destructive fishing. Antiguan Racer FFI £10,000.00 Kenya Conservation Project: Saving the “World’s Rarest Snake” and its Coastal Ecosystem. Saving the Madagascar Wildfowl & Wetlands £5,685.00 Madagascar pochard Trust (WWT)
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Report of the trustees
For the year ended 31 March 2012
Project name Organisation Funding agreed Location Waveney fen raft spider Suffolk Wildlife Trust £9,970.00 UK East Sussex project Protecting Critically Save the Rhino £5,000.00 Indonesia Endangered Sumatran International Rhinos and their Habitat Expanding the Large Blue Butterfly Conservation £10,000.00 UK butterfly landscape in the Polden Hills Crayfish in Crisis – SW Buglife £9,032.00 UK England Mapping the Deep: The Marine Biological £8,000.00 UK Plymouth mapping the distribution of Association of the sensitive deep-sea habitats United Kingdom to enable their future protection through the establishment of marine protected areas. Ruaha Carnivore Project: WildCRU £5,500.00 Tanzania Mitigating human-carnivore conflict in Tanzania's Ruaha landscape The Last Survivors Durrell Wildlife £9,684.00 Dominican Republic Conservation Trust and Haiti
Reports on the projects have shown that they are progressing well and that the grants have been well managed. The value of the contribution to this work made by public donations has been apparent. A few highlights among many are:
. Satellite tracking of Cuckoos: Ground-breaking information has emerged on Cuckoo migration. The public profile of this project, including being closely watched on Autumnwatch, has also stimulated debate within the conservation community, highlighting the decline of the Cuckoo and migratory birds in general.
. Enhancing the protection of four community forests: This project has enabled the Community Conservation and Development Committee of Iko Esai village in Nigeria to attract other funding partners to support education on the importance of tree cultivation and practical projects ranging from the construction of a community centre to improving its ecotourism site, planting tree seedlings, building boreholes and a bridge. Achievements such as these help prevent primate hunting and preserve the habitat of endangered species, including red-capped mangabeys and drill monkeys.
. Sustainable Fish City: Organisations collectively serving well over 100 million meals a year have committed to play their part in marine conservation through robust sustainable fish-buying policies.
. The recovery of the Kibale / Queen Elizabeth National Park (Dura) Corridor in Uganda: Rangers have been able to move into areas they had not patrolled in over three decades. The quick response to alarm calls from the community have had positive results with residents no longer resorting to poisoning foraying animals, especially elephant, in order to protect their crops and property.
6 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
. Antiguan Racer Conservation Project: Saving the “World’s Rarest Snake” and its Coastal Ecosystem.
Brought back from the brink of extinction, the Antiguan racer population on key islands has risen from 50 in 1995 to 890 in the survey completed in 2011. Learning from this project has been shared across the region.
. Fen Raft Spiders: In Suffolk, UK, this project has enabled the setting up of new populations and securing existing populations, with record numbers of spiderlings and the expansion of reintroduction sites
Continued Support of 2010/2011 Grants We have continued to monitor all grants from last year to ensure that donors’ money is being used in a beneficial and effective manner. We have hence received progress or final reports from all 38 projects that were awarded grants in 2010/11 and have released second instalments of grants to 12 of these projects after reviewing their progress.
Grant Celebration Event On the 24 May 2011, grantees were invited to a celebration event along with BBC staff at the BBC Media Centre at which Bill Oddie, writer, comedian and naturalist spoke of the important role the BBC Wildlife Fund played in supporting projects covering a wide range of wildlife, not simply the charismatic species often highlighted. Helen Kellie, then BBCWF Chair, Amy Coyte, BBCWF’s Director, and Tim Scoones Springwatch producer, welcomed and addressed the audience before giving the stage to Kate Jones of ZSL for a wildlife address and to 7 of the 38 projects funded by the £1.2 million raised as part of the 2010 Appeal. These projects were represented by Hannah Williams, WWF, Dr. Elizabeth Wood, Marine Conservation Society, Michael Keigwin, Uganda Conservation Foundation, Andrew Whitehouse, Buglife, Geoff Hilton, Wildfowl and Wetland Trust, Dr. Nigel Bourne, Butterfly Conservation and Jenny Daltry, Fauna and Flora International.
Design Week Award The BBC Wildlife Fund’s Almost Extinct calendar, designed by The Chase, received much praise and was awarded the prize for Print Communications, sponsored by Source, in the Design Week Awards 2012. The calendar presented powerful images with the message that every day, thousands of endangered species get closer to extinction and that by working together, we can help save them.
Financial Report - Treasurer Andrew Sykes
Since the fund’s foundation, the BBC has broadcast two live fundraising appeals for the BBC WF but decided it was not able to support such appeals in the future. This decision by the BBC ultimately led to the BBC WF Trustees’ decision to wind down the fund. All donation mechanisms were closed. The small number of regular donors, such as those contributing through Payroll Giving, were contacted. In the early months, some donations received were included in the Restricted Fund, to be passed on to organisations meeting the Fund’s donations criteria. Later, any individual cheques were returned, with regret and with thanks for the donor’s concern for wildlife species and places. A few regular donations into the Fund’s bank account were harder to trace but every effort is being made to contact those individuals.
During the year, a total of £29,703 was received in donations and £161,325 distributed in grants. Since the Fund’s inception, it has provided over £3 million in grants to support vital conservation work both here in the UK and abroad. We are pleased to have played a part in this achievement and to have disbursed these donations efficiently and effectively at minimal cost. We thank all those who have donated their time and resources, including all our volunteer assessors.
7 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
The Trustees approved a wind down plan in August and reiterated their resolution that the fund’s obligations would be met. The monitoring and evaluation of all current grants will continue and the remaining restricted funds will be disbursed to help save threatened wildlife and habitats.
Given that the intention is to close the Fund during the next financial year, any funds currently held in reserve will be expended, within the ethos of the “golden pound” meaning that all donations received will be passed on directly as grants and not used to cover administrative costs. The BBC’s loan to the BBC Wildlife Fund made in 2007 was substantially repaid during the year. The running costs of the charity have always been covered by investments, corporate support, other direct support and Gift Aid reclaimed on donations.
Statement of responsibilities of the trustees
The trustees (who are also directors of BBC Wildlife Fund for the purposes of company law) are responsible for preparing the report of the trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 judgments and accounting estimates that are reasonable and prudent; . state whether applicable UK 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 charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware: . there is no relevant audit information of which the charitable company’s auditors are unaware; . theandtrustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
8 BBC Wildlife Fund
Report of the trustees
For the year ended 31 March 2012
Auditors
Sayer Vincent were appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on and signed on their behalf by
Alec McGivan Chairman
9 Independent auditors' report
To the members of
BBC Wildlife Fund
We have audited the financial statements of the BBC Wildlife Fund for the year ended 31 March 2012 which comprise the statement of financial activities, balance sheet, and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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. Our audit work has been undertaken so that we might state to the charitable company's members 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 and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of trustees and auditor As explained more fully in the Statement of responsibilities of the trustees set out in the report of the trustees, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.
Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.
Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charitable company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the report of the trustees to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Opinion on financial statements In our opinion the financial statements:
. give a true and fair view of the state of the charitable company’s affairs as at 31 March 2012 and of its incoming resources and application of resources, including its income and expenditure, 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.
Opinion on other matter prescribed by the Companies Act 2006 In our opinion the information given in the report of the trustees for the financial year for which the financial statements are prepared is consistent with the financial statements.
10 Independent auditors' report
To the members of
BBC Wildlife Fund
Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
. adequate accounting records have not been kept; 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.
Pamela Craig (Senior statutory auditor) 9 November 2012 for and on behalf of Sayer Vincent, Statutory Auditors Sayer Vincent, 8 Angel Gate, City Road, LONDON EC1V 2SJ
11 BBC Wildlife Fund
Statement of Financial Activities (incorporating an Income and Expenditure Account)
For the year ended 31 March 2012 2012 2011 Restricted Unrestricted Total Total Note £ £ £ £ Incoming resources Donations received 10,277 19,426 29,703 1,488,284 Interest receivable 3 - 793 793 2,137
Total incoming resources 10,277 20,219 30,496 1,490,421
Resources expended Costs of generating funds - 3,864 3,864 80,703 Grant-making 4, 5 164,075 59,330 223,405 1,305,079 Governance costs 4, 6 - 4,408 4,408 5,112
Total resources expended 4 164,075 67,602 231,677 1,390,894
Net (outgoing)/incoming resources for the year (153,798) (47,383) (201,181) 99,527
Reconciliation of funds Total funds brought forward 155,198 87,391 242,589 143,062
Total funds carried forward 1,400 40,008 41,408 242,589
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16 to the financial statements.
12 BBC Wildlife Fund (Limited by guarantee) Company no. 6238115 Balance sheet
As at 31 March 2012
2012 2011 Note £ £ £
Current assets Debtors 12 16 120 Bank deposit account 276,801 576,008 Bank current accounts 60,884 185,329
337,701 761,457
Liabilities Liabilities: amounts due within one year 13 296,293 308,868
Net current assets 41,408 452,589
Liabilities: amounts falling due after one year 14 - (210,000)
Net assets 41,408 242,589
The funds of the charity 15, 16 Restricted funds 1,400 155,198 Unrestricted funds General funds 40,008 87,391
Total charity funds 41,408 242,589
Approved by the trustees on and signed on their behalf by
Alec McGivan Chairman
13 BBC Wildlife Fund
Notes to the financial statements
For the year ended 31 March 2012
1. Accounting policies
a) Basis of accounting The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Companies Act 2006. They follow the recommendations in the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005). The decision was taken in August 2011 to close the Fund. Final agreed grants are to be paid and any remaining funds dispersed. The trustees have plans in place to ensure a responsible wind-down of the charity such that all liabilities are met. For this reason the accounts are prepared on the going concern basis although the charity is expected to have ceased activity by the end of the next financial year. b) Incoming resources All incoming resources are recognised where there is entitlement, certainty of receipt, and the amount can be measured with sufficient reliability. The following specific policies are applied to particular categories of income: (i) Voluntary income is received by way of donations and legacies and is included in full in the statement of financial activities when receivable. All gift aid and interest receivable is treated as unrestricted income.
(ii) Interest on government securities, dividends on equities and interest on bank deposits are accounted for on an accruals basis. c) Resources expended All expenditure is accounted for on an accruals basis and, in accordance with the requirement of the SORP, and has been classified under headings that aggregate all costs related to that d) Grants payable Grants payable are payments made in furtherance of the charitable objectives of the charity. Grants are recognised upon an obligation being created in accordance with FRS 12, once approval has been given by the trustees to pay grants and this intention has been conveyed to e) Charitable activities Costs of charitable activities includes grants made and an apportionment of overhead and support costs as shown in note 4. f) Support costs Support costs have been allocated between charitable activity and governance. Support costs related to charitable activity have been apportioned based on the individual number of grants made in recognition of the administrative burden of awarding, monitoring, and assessing grants. g) Governance costs Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the statutory audit together with trustees' expenses and an apportionment of overhead and support costs. h) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charitable objectives of the BBC Wildlife Fund and have not been designated for other purposes. Restricted funds are funds which were raised by the BBC's 2007 Saving Planet Earth series which are to be disbursed to wildlife conservation projects working internationally and in the UK.
14 BBC Wildlife Fund
Notes to the financial statements
For the year ended 31 March 2012
2. Incoming resources
The incoming resources are attributed to the principal activity which is the distribution of funds raised by donations to help support projects protecting the world's endangered wildlife.
3. Investment income 2012 2011 £ £
Interest receivable 793 2,137
4. Resources expended Grant funded Support costs costs activity costs Total Total (note 5) (see below) 2012 2011 £ £ £ £
Costs of generating funds - 3,864 3,864 80,703 Grant-making 164,075 59,330 223,405 1,305,079 Governance costs (note 6) - 4,408 4,408 5,112
164,075 67,602 231,677 1,390,894
Support costs can be analysed as follows: 2012 2011 Total Total costs costs £ £
Staff costs (note 7) 31,082 131,928 Bank charges 77 74 Auditors' remuneration (note 8) 4,300 5,040 Trustees' expenses (note 8) 108 72 Website development costs 1,372 2,820 Other costs 30,663 106,917
67,602 246,851
15 BBC Wildlife Fund
Notes to the financial statements
For the year ended 31 March 2012
5. Grants 2012 2011 £ £ Bat Conservation Trust 5,900 10,000 Birdlife International - 10,000 Born Free 6,000 - British Trust for Ornithology 9,840 20,000 Buglife 9,032 53,269 Butterfly Conservation 10,000 13,799 CEROPAN - 23,223 Durrell Wildlife Conservation Trust 9,684 16,000 Fauna & Flora International ("FFI") 10,000 152,116 Hawk & Owl Trust 5,511 - Kent Wildlife Trust - 39,964 London Wildlife Trust - 19,837 Manx Waters Conservation 10,000 - Marine Biological Association of the UK 8,000 29,900 Marine Conservation Society 5,000 35,000 Mull & Iona Community Trust 5,000 - Orangutans - 10,000 Peoples' Trust for Endangered Species - 19,084 RSPB 9,750 19,896 Save the Rhino International 5,000 40,000 Suffolk Wildlife Trust 9,970 18,000 Sussex Wildlife Trust - - Sustain 10,000 10,000 The Great Bustard Group 5,000 - Tusk Trust - 54,000 Uganda Conservation Foundation - 19,980 Vodafone 'World of Difference' grant 2,750 - Whale & Dolphin Conservation Society 5,000 - Whitley Fund for Nature 5,000 179,240 WildAid - 25,000 WildCRU 5,500 18,900 Wildfowl and Wetlands Trust 5,685 119,446 WWF UK - 70,000 Zoological Society of London ("ZSL") 6,453 117,389 164,075 1,144,043
6. Governance 2012 2011 £ £ Trustees' expenses 108 72 Auditors' remuneration (see note 8) 4,300 5,040 4,408 5,112
16 BBC Wildlife Fund
Notes to the financial statements
For the year ended 31 March 2012
7. Staff costs and numbers Staff costs were as follows: 2012 2011 £ £ Salaries and wages 27,663 111,587 Social security costs 2,251 11,583 Pension contributions 1,168 8,758 31,082 131,928
Total emoluments paid to staff were: 28,831 120,345 No employee earned more than £60,000 during the year. The average weekly number of employees (full-time equivalent) during the year was as follows: 2012 2011 No. No. Support 0.80 2.75
8. Net outgoing resources for the year
This is stated after charging / crediting: 2012 2011 £ £ Auditors' remuneration: . Audit fee - current 4,300 5,040 Trustees' remuneration - - Trustees' reimbursed expenses 108 72
9. Trustees' remuneration and reimbursed expenses
During the year 2 trustees (2011: one) were reimbursed for expenses for travel, subsistence and entertaining, totalling £108 (2011: £72).
In addition to reimbursed expenses of £108 (2011: £72), Trustees' expenses include £nil paid by the charity on behalf of the trustees(2011: £nil).
No trustees received any remuneration for services to the charity during the current year or previous period.
17 BBC Wildlife Fund
Notes to the financial statements
For the year ended 31 March 2012
10. Related party transactions
Shyam Parekh also served as a trustee of the RSPB during the year. Grants paid to RSPB during the year amounted to £9,750 (2011:£19,896). Shyam stepped out of trustee meetings when final recommendations with regards to RSPB applications were made by the grant review group to the Board of Trustees.
Andrew Sykes became a trustee in July 2009. He is chairman of Fauna & Flora International. Grants paid to Fauna & Flora International during the year amounted to £10,000 (2011: £152,116). Andrew Sykes did not take part in the grant assessment process. Andrew stepped out of trustee meetings when final recommendations with regards to FFI applications were made by the grant review group to the Board of Trustees.
Georgina Domberger became a trustee in June 2008. During the year she was an advisor to BBC Wildlife Fund. She is director of Whitley Fund for Nature. Grants paid to Whitley Fund for Nature during the year amounted to £5000 (2011 £179,240). Georgina Domberger is a member of the Grant Review Group. Georgina did not take part in assessment of Whitley Fund for Nature grant applications or discussions pertaining to Whitley Fund for Nature grant applications. Georgina also stepped out of the Grant Review Group meetings or Trustee meetings when Whitley Fund for Nature applications were discussed.
Lynsey Tweddle served as a trustee of the Born Free Foundation, which received grants totalling £6,000 from BBC Wildlife Fund (2011: £0). Lynsey was not part of the team assessing grant applications.
11. Taxation
The company is a registered charity under Section 505 of the Income and Corporation Taxes Act 1988, and no liability to corporation tax arose during the year.
12. Debtors 2012 2011 £ £
Gift aid receivable 16 120
16 120
13. Creditors: amounts falling due within one year 2012 2011 £ £
Grants approved but not paid 283,585 293,584 Trade creditors 1,600 9,294 Loan from British Broadcasting Corporation 5,000 - Accruals and deferred income 6,108 5,990
296,293 308,868
18 BBC Wildlife Fund
Notes to the financial statements
For the year ended 31 March 2012
14. Creditors: amounts falling due after one year 2012 2011 £ £ Loan from British Broadcasting Corporation - 210,000
On 2 August 2007 the British Broadcasting Corporation (BBC) advanced to BBC Wildlife Fund (the Fund) a loan of £210,000 to be applied in or towards the Fund's fundraising and related costs for the BBC's Saving Planet Earth season during 2007. The loan is unsecured, interest free and repayable either six months from transmission of the last programme in the BBC series of the summer of 2010 or by the date on which the Fund is to be wound up, or such other date as the parties may agree. £186,000 was reimbursed to the BBC under a memorandum of understanding dated 7 December 2011. Of the remaining balance, £19,000 has been granted to the Fund to cover the costs of winding up the organisation, while £5,000 is held as a creditor and will be passed on to the BBC once the wind-up is complete. This will allow the BBC to cover on-going costs, such as the maintenance of the Fund's website, which will continue to make available information regarding the grants disbursed over the lifetime of the Fund. 15. Analysis of net assets by fund Total Total Restricted Unrestricted funds funds funds funds 2012 2011 £ £ £ £ Current assets 284,985 52,716 337,701 761,457 Current liabilities (283,585) (12,708) (296,293) (308,868) Long term liabilities - - - (210,000) 1,400 40,008 41,408 242,589
16. Movements in funds At the start of Incoming Outgoing At the end the year resources resources Transfers of the year £ £ £ £ £ Restricted funds: Grants payable 2009 56,241 - - (56,241) - Grants payable 2010 96,207 10,277 (161,325) 56,241 1,400 Vodafone 2,750 - (2,750) - -
Total restricted funds 155,198 10,277 (164,075) - 1,400 General funds 87,391 20,219 (67,602) - 40,008 Total funds 242,589 30,496 (231,677) - 41,408 Purposes of restricted funds The principal activities in the year were to disburse the funds received through the 2010 appeal to wildlife conservation projects working internationally and in the UK. The Vodafone restricted fund represents money received from Vodafone to fund a 'World of Difference' grant.
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