NOTES TO THE ACCOUNTS

23. ANALYSIS OF UNRESTRICTED AND DESIGNATED FUNDS

24. ANALYSIS OF RESTRICTED FUNDS

1. A transfer of £275K from General Fund to Carbon was made allocating the gift aid received from the Trading company for 2021 profits. £5K of other transfers were made supporting reimbursement to partners for visit costs.

2. Transfers were made to a range of restricted projects as they were identified during 2022.

3. Transfers were made to a range of restricted projects as they were suitably identified during 2022.

4. £76K was transferred to General Fund to match expenditure in 2022.

5. £82K was transferred to General Fund to match expenditure in 2022.

1. A transfer was approved from General Fund to Action Fund to provide additional funding to support future conservation projects.

2. Transfers were made to a variety of restricted projects as they were suitably identified during 2021.

3. Transfers were made to restricted projects as they were suitably identified during 2021 including land acquisitions in Borneo, India, Peru and Bolivia.

4. Transfers were made to match payments expended and for future-year project commitments during 2021, supporting conservation programmes in Peru and Argentina.

5. A transfer of £200K was made from General Fund to support the development of future income and infrastructure development for the Trust over the future strategy period. £120K was transferred to General Fund to match expenditure in 2021.

6. Transfers of £48K were made from the Digital Transformation Fund to General Fund to match expenditure incurred on the implementation of the Customer Relationship Management database.

7. Transfers were made to support a variety of restricted conservation projects and an allocation of legacy funding taken to General Fund to contribute to core costs of the organisation.

24. ANALYSIS OF RESTRICTED FUNDS (CONTINUED)

24. ANALYSIS OF RESTRICTED FUNDS

DESCRIPTION OF FUNDS:

The above funds, listed by campaign, specific programme of work or country, represent funds received specifically for carrying out activities within those areas. Specific programme funds are detailed below in addition to those that are in deficit;

• Brand Amplification campaign is a fund where we have received restricted funding from a supporter to assist in raising the awareness of the organisation following a review of our overall branding as an organisation. These funds are expected to be drawn down in 2023 and 2024.

• Buy an Acre is a fund that receives donations from supporters where their donation can on average support land purchase for £100 per acre.

• Carbon receives donations from individuals to support our carbon sequestration projects. The fund is in deficit at the end of 2022 but future donations are anticipated to clear this balance.

• The Digital Transformation fund is restricted funding from a three- year grant from Allan & Gill Gray Philanthropies. This was awarded to contribute towards our digital transformation work over the strategy period to 2025.

• John Burton Memorial fund was set up in memory of our founder and has raised funds to support those project areas that he felt most passionate about. It is expected that funds will be disbursed in 2023 to Armenia and the Gran Chaco in Argentina to support conservation activities.

• Keepers of the Wild is a fund where donations received support ranger costs and equipment across a range of our programme partners.

• Partner symposium is a fund where we have received restricted funding from a supporter to assist in the costs of holding the 2023 symposium. This fund will be drawn down in 2023.

• Plant a Tree is a fund where donations support reforestation projects across a range of our programme partner. It is in deficit at the end of 2022. This was due to recognition of multi- year commitments to partners under this area. We anticipate that funds will be raised over the future years (one to three years) to cover the committed expenditure.

• Small grant programme is a fund where we have received restricted funding from a supporter to provide funding to innovative, high risk or scoping funding to Conservation Partners which may lead to larger scale projects being implemented.

• The Ecuador fund is in deficit at the end of 2022. This arose due to land purchase commitment being recognised from the Autumn appeal where some of the future funding will not be received until 2023 and 2024.

• Kenya is in deficit at the end of 2022. We have committed and recognised full project costs for two years. We have secured grant funding for $300K but this is dependent on project milestones and progress and will be matched against expenditure as the project activities progress.

• Tanzania is in deficit at the end of 2022. This is due to recognition of full project costs. Funding has been pledged by a corporate supporter but their donation is based on a percentage of sales. This will be underwritten from Action Fund should the full project funding not be received from the donor.

• Uganda is in deficit at the end of 2022. This is due to recognition of a three-year project where funding for 2022 and 2023 has been pledged by a corporate supporter but the donation is based on a percentage of sales. This will be underwritten from Action Fund should the full project funding not be received from the donor.

• Zambia is in deficit at the end of 2022. We have recognised full project costs and have secured grant funding that will be matched against project expenditure as it arises during 2023.

25. ANALYSIS OF ENDOWMENT FUNDS

26. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS (CONTINUED)

DESCRIPTION OF FUNDS:

1. The San Rafael Fund, an expendable endowment, was set up with $1 million from Conservation International in 2013 and is represented by Fixed Asset Investments. The fund is available for the operational running costs of the San Rafael reserve in Paraguay.

2. UK – Kites Hills represents a permanent endowment of land owned by WLT in Gloucestershire which was gifted as a legacy.

26. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

27. RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVITIES

28. LEGAL STATUS OF THE TRUST

WLT is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.