Charfty règlstratlon number 1028947
RAINFOREST CONCERN
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

RAINFOREST CONCERN
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Pulido Cruz
MCBSyed
M Van Nieuwenhuyse
O Walley
M Gardner
N Page
S Schutt
Charlty number
1028947
Princlpal address
66 Great Pulteney Street
Bath
BA2 4DL
Audltor
Begbies
9 Bonhlll Street
London
EC2A4DJ
Bankers
Bardays PIC
Epsom Branch
PO Box 96
82-84 High Street
Epsom
Surrey
TK19 8BH
Tridos Bank
Deanery Road
Bristol
BS15AS
Sollcitors Chll
Philippi Prietocarrizosa Ferro DU & Uria
Av. El Golf40
Piso 20
Santiago
Chile
Solicltors - Ecuador
Bustamante Holguln
Quito
Ecuador

RAINFOREST CONCERN
CONTENTS
Page
Trustees, report
Independent audilorfs report
10-12
Statement of financial activities
13-14
Balance sheet
15
statement of cash flows
16
Notes to the financial statements
17-34

RAINFOREST CONCERN
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The accounts have been prepared in accordance with the accounting policies set out in nole 110 the accounts
and comply wltli the charity's trust deed, the Charities Acl 2011 and "Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for
accounling periods commencing from 1 January 20191. Rainforest Concem is a Charity registered with the
Charity Commission under Registration Number 1028947.
Trustees
A Pulido Cruz
M Gardner
MCBSyed
M van Nieuwenhuyse
O Whaley
N Page
S Schuti
Advlsory board
Marlin Gardner (RBG Edinburgh)
Dr John Hemming CMG
Professor Sir Ghille8n Prance FRS VMH
Prof Antonio Lara
Andrew Milchell
Chlef executive and honorary secretary
Peter J Bennett
Prlnclpal address
66 Great Pulteney Street
Bath
BA2 4DL
website"www.r8inforestconcern.org
Auditor
Begbies
g Bonhill Street
London
Bankers
Barclays PIC
Epsom Branch
PO Box 96
82-84 High Street
Epsom
Surrey
TK19 8BH

RAINFOREST CONCERN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustees and Organisatlonal Structure
Rainforest Concern is a non-governmental, non-politlC81, non-religious organlsatlon constituted under a Trust
Deed daled 15th November 1993. It is registered as a Charity With the Charity Commission.
The Trust Deed describes that there should not be less than three trustees, with no maximum number. New
Trustees are appointed following formal interviews with the Truslees and the Honorary Secretary with the Board
looking particularly for people with experience in conservalion, scientific research and fund-raising initiatlves.
The charity's Honorary Secretary is responsible for Ihe day to day operation of the charity and manages the staff
of Ihe charlty on behalf of the Trustees.
The charity has its principal office in Bath and a wide range of partner organisations wlth whom it delivers its
programme. The principal partner organisations are as detailed in Ihe activities, achievements and performance.
General purpos8 and approach
Rainforest Concem was established in 1993 for the purpose of..
Protecting threatened natural habitals, the biodiversity they contain and the indigenous people who depend on
them for their survival.
Researching, monltoring and restoring ecosystems to ensure their long-term conservation.
Fundamental to Rainforest Concern's philosophy is the establishment of strong partnerships with conservation
NGOS in the countries in which the charity operates. Sound local knowledge and regular communication Is vital
to success in the field. Over 25 years Rainforesl Concern has been instrumental in helping protect over 2.2
million hectares of natlve forest ecosystems and the vasl biodiversity they contgin. It has worked with 21 partner
organisalions and 8 indigenous tribes in 12 different countries, Colombia, Ecuador, Brazil, Peru, Chile. Surinam.
Costa Ri￿, Panama, Uganda, India, Sri Lanka and Romania. The Charity has over 2,000 members and is a
member of IUCN.
The methods and actlvllies for conSe￿atIon include..
Registration of ancestral indigenous le￿[torieS and reseNes.
Crealion of private reserves through land purchase.
Support for smallholders and rural communities to gain land title, whilst helplng establish alternalive incomes
through consetvation, habitat restoration and Ilvelihood options.
Providing environmental education for local communities and UK schools.
Facilitating academic research and volunteer opportunille5.
Rainforest Concern is not Ilmited to the conservation of rainforest as described in the Charity's Trust Deed. Its
principle guiding aim is protection of natuial ecosystems with iheir dependeiil biodiversity and indigeiious
peoples. The charity aims to COnse￿e strategicalty iniportant critically endangered ecosystems {Ihat often
include ralnforest). Ecosystems by nature are not separated and Include a wide range of habitats across
ecological gradients - inherent in watersheds, mountains, rivers and coast for example. The charity does nol aim
lo protect single species unless they are 'flagship' species that facilitate the protection of habilal. Wherever
possible the charity tries to help protect, restore and research to prevent fragmentation and degradation, striving
for connectivity.

RAINFOREST CONCERN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Declsion maklng and operation
Rainforesl Concern has a small team with only two fvll time staff. A small team allows us to dedicate the majorily
of our income directly to projects. This had allowed the charily to support conservation of significant areas of
threatened ecosystems and indigenous land. Funding decisions are made with weekly Meetings and constant
dialogue with particularly active board of tTUStees. The charity is also strongly guided by the needs of partners
and their adaptive management requirements whilst addressing immerging threats including logging. land
invasion, minlng and climate change. The trustees advise both on strategic conseNation priorities and potential
donors. If needed they are provided with conservation or project briefs produced by the staff. Trustees are
selecled for the expertise and experience that they can bring to bear, as they follow the activitie5 and progress of
the charity. They require little Induction and are encouraged to work alongside and occasionally make trlps to
projects for capacity building. The charity seeks oul local partnership wlth experienced teams and groups on the
ground (near or adjacent to the ecosystem). The key partnership criteria are.. local experience, science-based,
social inclusion and the ability lo work effectively without support. Over recent years the charity is seeking
partnerships lo develop more social and biological science based, coi)servalion actions in light of rapid cl)oiige.
staff pay and remuneration is proporlional to responsibility operating in a flexible way, encoLiragii)g autonomy.
The pay of the director and office manager are benchmarked agaiiisl average pay levels in olhef comparable
organisations. Volunteers and trustees can be remuneraled for travel and subsistence expenses.
Speclflc objectives and activities
The Charity's objectives are to protect threatened natural habitats, the biodiverslty they contain and Ihe
indigenous people who still depend on them for their survival. At present the charity has 15 cOnSe￿allOn projects
in 8 countries.. Ecuador, Peru, Chile, Colombia, Brazil, Costa Rica, India and Romanla. The Chgrity works dosety
with local conservation organisalions in these countries to protect forests threatened natural habitats. The
charity's current partners Include..
ADEPT IRom8nial,
Carpathia Foundatlon (Romania),
CO￿OraClon Bosques de Zapallar {Chlle),
FORECOS Foundation (Chile)
Universidad Austral de Valdivia {Chile)
DECOIN (Ecuador)
Los Cedros Resetve (Ecuadorl
Funcacion Cuencas de Limon (Cosla Rica)
ReSe￿a Urpiano (Costa Rica)
Jaguar Rescue Center (Costa Rica)
Fundacion Entropika (Colombial,
Fundacion ￿errArnar (Colombial
Fundacion Gaia Amazonas {Colombia},
Gurukula Botanical Sanctuary (India),
Tribes Allve (Brazill
Royal Botanic Gardens, Edinburgh IRBGE, UK)

RAINFOREST CONCERN
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ANIA (Peru)
Central to Rainforest Concern's philosophy is the establishment of strong partnerships with local small yet
dynamic organisalions In the countries where it operates. Such long-temi partnerships have repeatedly
underpinned success of projecls. Llkewise, the charfty seeks the guldance of scientists to identify research and
cOnse￿ation priorities and provide in-situ training.
The Charity's conservation work falls into four calegories..
Conservatlon is central to our operations towards the protection and management of critically important
ecosystems, including forested land and natural habital to create protected reserves integrated to needs of local
people. This sometimes includes the purchase of land, usually in the name of the local NGO, Rainforest Concem
or the local community. The Charity places particular emphasls on the legal recognition of indigenous territory
particularly in Colombia and Brazil. Partlcular emphaslsls placed on the creation of forest corridors that connect
existing protected areas thereby reducSng fragmeiitalion. This greatly assists the effectiveness of these reserves
by enabllng species to move freely from one to another. Reforestatioii or habitat restoration of degraded
ecosystems (wllli native local provenance species) also falls into this category. The charity recogiiizes forest
dynamics and biodiversity may requlre a degree of management, especially in the absence of large anlmals.
Programmes for altemative income generation, health and education are developed with the local communities
living near Ihe projects. These are designed lo reduce the negative human impact on forests and ecosystems
arising from firewood extraction and cattle ranching for example. Examples of these projects include sustainable
small-scale hortlculture (for example cultivation of shade grown coffee), forest products, production of handicrafts
and responsible ecotourism.
Research, including ecological and blodiversity studie5 are encouraged. These can focus on baseline species
inventory and mapping., species taxonomy and discovery., key species ecology and conservation science.
European and national scienlisls as well as students from national and international universities have undertaken
and conlinue to undertake research at several of our projecls. Results are presented in the annual review,
scientific papers and on the charlty's website.
Campalgning is essential to give a voice to indigenous communities and scientists. The charity seeks to
maximize collaboration and join forces to protect critlcally important ecosystems and indigenous peoples. This
include supporting advocacy champions for areas and people othe￿iSe ignored.
Ensuring success
The principle measure of success is the protection of threatened ecosystems,. gauged by the size and strategic
location of ecosystems, as well as biodiversity conseNglion 'value' (such as endemlsm or rarity of speciesl
habitats). This is dependent on income raised, where donors require the charity to direct a5 much income as
possible lo tangible conservallon outcomes. The charity's short-term aim is to delimlt and protect- setting up
reserves with the aSni of steninilng fragmenlation and consolidaling habits as functional landscape units in close
collaboration and involvement of Ioc81 people and governmenl. The long-term aim is for ecosystem cOnSe￿allOn
to be culturally absorbed Into local communities and policy, working lo engage schools and regional
administration for example. The charity is increasingly aware of the need to monitor reserves with mapping
systems and closer dialogue with local communities, whilst the effects of cllmate change, plant pathogen, logging
and human migration are on the increase.
Competitive grant making is not especially relevant as the charity seeks out strategic local partners that are
already set-up to conserve, protect and restore land for both biodiversity and people. Grants do not requlre high
levels of stipulated compliance and reporting. However, Ihe charlly recognises that in an environment of ever
more legislative change around land protection, there is a greater need lo ensure more detailed reporting and
published research. The charily continues to use locally paid and pro-bono lawyers of hlgh Integrity to ensure
Ihat changes around land ownership and lax, are adlu51ed and adhered to for land purchase and rranagement.
No conseNation land was purchased during the year.

RAINFOREST CONCERN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ConseTvatlon work is undertaken either directly by the charity and their associates, or by supporting sludenls
locally with grant funding channeled through local NGO. Grants paid to prolecls in the year tolaled £61,887 and
work undertaken directly £187,465 In addition to land purchases.
The Trustees have considered the Charity's oblecls and activities during the year and believe thal Ihey have
complied with the duty in seclion 4 of the Charities Act 2011 to have due regard to public benefit guidance
published by the Commission.
Voluntary help
The charity has well eslablished volunteer programmes and benefited from numerous volunteers during the year.
These include grovps of gap year students as well as malure volunteers who work on projects that include tree
planting, IraS1 maintenance and data collection. The charity has not provided in the accounts for an estiniate of
the value given by volunteers as the work they undertake, does not f811 within the SORP recommendallon for Ihe
valualion of gifts in kind.
ACHIEVEMENTS AND PERFORMANCE
Ecuador
Neblina Reserve.. The reserve was expanded wilh the purchase of 318 hectares of land with good forest cover.
The majority of this was fvnded under a new partnershlp with Beyond ONE. The camera trap programme
continued. The 2nd year of the PTES funded eagle programme. Funding from the Cobalt Trust helped facllilate
basellne biodiverslty research at the reserve and infrastruclure creation. We also continued to support outreach
projects and environmental education programmes.
Llurimagua: Rainforest Concern continued to successfvl support the long running legal appeal to protect the
community cloud forests of Llurimagua from the copper mining with a win in the Provincial Court April, 2023.
Los Cedros Resetve- Rainforest Concern conlinued to support the reseNe. Work continued on setting up new
management struclvres, with the participatlon of local communlties, as required by the Constitutional Court.
Training for membors of local communities as para ecologists, aiid forest wardens.
Chlle
El Boldo.. During 2023 we have continued to work with Patricio Pliscoff in his the Climale Refugia Study. This 4
year Iiivesllgalion aims lo identify areas that can act as refugla from climate chai)ge for Chlle's blodlversily. The
stLidy will use sensors lo lake measures of the forest condllions Sncludliig temperature, humidity, and vogetalion
mapping. We are also coiitinuing the camera trap study, which is Ihe firsl one lo be doiie in the area and collects
data about the anlmal species liviiig in the Zapallar forest corridor. During 2023 we have worked on a new IMa5ter
plan including all the properties of the corridor. this has been done also with the sUPPOrt of the Ibafiez Alklnson
Foundation. After the 2023 fires thal affected the area. an extensive report was done by the institute of Ecology
and Biodiversity.
Nasampulli.. During 2023 maintenance work was done lo the reseNe's infrastruclure.. basic repairs to the road,
cabin, trails and signs. 6 bridges where replaced in the main road, as well as the main gate. A small warehouse
was built near Ihe cabin and a barbed wired fence was installed in the main access to prevent caltle from
enlering the southern properties. During the summer the ranger was pemanenuy statioiied in the reserve and
two students completed their internships assisting him cin differenl lasks. Flnally, ecological restoration activities
have also taken place during 2023 such as collecting Araucaria Araucana seeds and plantlng them in selected
areas. During February a small bird sludy (photos and registry) was done by Matias Cortés. The camera trap
study with the 10 cameras provided by Nature Spy conlinued during 2023.

RAINFOREST CONCERN
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Costa Rica
Urpiano: The 2023 nesting season continued to be challengii)g with little civil authority presence on the beach
and an increase in poachers because of the difficult econoniic siluatioii. The team patrolled the 4.2 km beach
dally dLlflng the season aiid saved 153 of 745 nests1145 nests saved, 2022), 10.508 eggs were protected al Ihe
nursery aiid 6,305 iieonales were released to the sea. 14 traiiieesliips awai'ded. Repairs were made to the
facllities, although 8 liuge storm destroyed Ilie staff dormitories arid anollier bullding.
Colombla
Tieri'Amar.' 2023 saw the Coloinblan Ecosystein Awareness Projecl continue this time in southern Colombia
focusing on six rural schools In different river basiiis and National Parks. Lessons dellvered and field activities
carrled out. followed by final evaluations. June 2023. In one location a plant nursery was also buill to grow food
for the school.
Romania
Progress on Rainforest Concern I Planet Foundation grant of £1 Jf3,750 to Fundatia ADEPT TransllvanSa for
restoratlon of farni bLiildings in the Angofa Valley and of associated grasslaiids. Havliig met land exceeded) the
grassland coiiservation largels in 2022, the farmhouse restoration was completed In late 2023. All activities and
expenditure under this granl have been completed.
More detailed information on these projects may be found on the Charity's webslte.. rainforestconcern.org
Dissemlnation
Traffic lo the website showed a considerable increase and we continued to receive favourable comments.
The charity continues lo publlsh four monthly on-line newsletters. Typically, Ihese shorter editions cover four
projects. A paper edition of Rainforest Review will be published In Ihe coming year.
There was increased activity of social media {Facebook, Linkedln, X and Instagram). Instagram havlng 12,600
followers.
Schools programme
The charity declded to renew ils UK school programme. During the year Helen Brown, a former RC
administrator, started undertaking school lalks in the Wlnchester and Bath areas.
FINANCIAL REVIEW
As shown in the Stalemeiit of Financial Activlties, Ilie Charity's inconie for 2021 showed a considerable Increase
over the previous year 10 £1.057,111 (2022.. £602,225) Similarly expenditure made in the dlrecl execulSon of the
Cliarily's objectives of direct and grant funded acllvitles decreased to f 351 ,590 {2022'. £398,223) excludiiig land
purchases and fundraising costs.
In the pursuil of Its objectives, Rainforest Concern buys land for conservatlon of rainforests and other threatened
habitats and therefore holds title to forested laiid which is included in Assets. Land PLirchased in the current year
was £352.21712022'. £39,534). Support costs amounted to £105,031 (2022.. £92,321). and are apportioned as
shown in the Slatement of Financial Activities.
Strategic purchases of ralnforesl land requlre considerable time and negotiation and transaclions may take up to
a year before Ihe doeds are traiisferred. Fund5 held by sollcitors on belialf of the charity at Ihe year-end awaiting
the transfer of lille deeds totaled a furtlier £27.575.

RAINFOREST CONCERN
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Since the charlty operaies to achieve high conservauon impact with low overhead costs, it has not expended a
high percentage of resources to monitor chaiiges In protection status of vulnerable ecosystems. Our approach
has been to seek aiid fiiid experienced truslwurthy in-counlry partners with necessary ecological monitoring
capacities and deep local kiiowledge of socio-economic conditions. However, the charity monitors carefulty the
expenditure and legal compllance to ensure funds are used for the conservation outcomes for which they were
raised. OLir trustees realise that It is Incunibenl upon IFiem to look for ways to build OLJr capacity for science-
based monlloring and risk assessment across the garnut. Most ecDsyslems and rural livelihoods are being
affected by climate change, arid Ilie charity is increasingly aware of the i)eed lo assess and monitor.. biodiversity,
flood and fire risk, change to carboii stocks. Impact of human migrant, amongst others.
The Charity's Trustees held an AGM on 41h December 2023.
Investment policy
The Trustees have the power to Invest in such assets as they see fit. However, the charity's current policy is to
keep any surplus liquid funds in short-lerm deposits which can be accessed readily. The charity is would like to
improve Ils interest rate return howevor this has proved difficult when funds 3re often required at short notice.
Risk management
The major risks to whlch Ralnforest Concern Is exposed are reviewed annually and systems have been
established to mitlqate those risks. Wheiiever posslble this aspect is covered by insurance. As required the
charity has Employers Liabilily Insurance, The charlty ensures all partners, volunteer5 and employees are aware
of the UK Brlbery Act of 2010 and operato in a Ir81isparenl fashion. The Trustees and staff are experlenced in the
countrSes Iii whlch the charlty operates, as siich partnerships are forged solely with known trustworthy
organlsalions and individuals. All employees and volunteers are thoroughly briefed before working with overseas
partners. insured befo￿ travel with Immunlsation updates and follow UK Forelgn and Commonwealth Office
travel advice. Funds are only transferred through inlernalional in-counlry baiik braiiches. Land purchase funds
are not Iransferred lo th@ local pRrtnerslNGO's. Funds are handled by Ihe cliarlly's lofteii long-standing} l@gal
representatives, and only Iraiisferred al the time of purchase. Management and project funds are transferred lo
partiiers in quarterty transfers and only througli international banks. UK banklng is low-rlsk and held In several
accounts.
The charity is aware of the possibility of illegal land invasion or government expropriation, and in 25 years have
not suffered in this way. The charity endeavours lo reduce risk lo conservation areas held or supported, by
maSntaining long-terni dlalogue wlth partners and an awareness to goveriimental policy change, Iiislabi1Sty and
adluslmenls. As referred to. the key rlsk reduction strategy Is to ensure that local people benefit from the
eslabllshmenl of conservatloii areas land proleclsl With ecosystem services and resources. This also Includes
land ownership with governmenl level land title registration and national support for conserv&tion concessioiis.
Reserves policy
It is the pollcy of the Trustees to retain reserves equivalent lo approxlniately one year's operating expenditui'e
and to Gover any comiiiilted grant funding for the lorthcoinlng year. Al Ilie year end the reserves held by the
charity tolaled £2, 568,933. Of the total reseNes held £436,314 were restricted In their use and £2,132,619 are
unrestTiCted.
Of the unrestricled funds £1 ,645,966 is invested in rainforest land and a further £1,964 in the charity's funclional
fixed asset5 such as office computer5 and so accordingly is not available to freely spend on the charity's day to
day activities. These allocations leave £484,689 available for general charily use.
Tliere were no conimilled grants at the charity's year end the operating expenditure in 2023 (expenditure
exc￿ding discrellonary grai)ts} tolaled £417,279. The free reseNes of the charity exceed this target flgure and
the trustees consider that the charily lias sufficient rese￿e$ to be able to cover short-term income lluctuation5
and to carry out the plan for future action detsiled in this report.

RAINFOREST CONCERN
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Grant making pollcy
The Trustees coiisider grant making an effective means of deliverlng ald using local partners. Local pariners
have access to facilities, experiise, staff or other resoui'ces, in Ihe field and Ihey may be better placed to dellver,
speedlly aiid effectively. Tlie projects which Ilie Charlly Ghooses lo support are reconimended lo us, iii particular
by our partner organisations
Plans for the future
The Charlty will develop and SLlPPOrt ils exlsting projects wliilsl looking for aiid respondlng lo new conservatlon
priorltles and oppoitunities in the comlng year with lundiiig souglit for these purprjses. The charlly's website will
be regularly updaled on at least a moiilhly basls and with emphasis lo provlde an Im¢ige-ricli and educational
website.
The Trustees are clear that short-term achievements are high 8nd even excepllonal when benchmarked against
olhei. c0115ervallon organi5alions of similai. size. 14owover due the rapldly developlng global volallllty around
clSniale change, food supply and ecological populatlon dlsplaGement, amoiigst other issues. they are also clear
that the charity needs to develop a clear vision and strategy for long-term coiiservation oulcomBs, that include
ensuring ¢onseNallon benefits are enjoyed by local people. This requires the charily to look for additional
resear¢h support, to demonslrale how ecosystem service5 Sustaln Ilvelihoods and agriculture and wellbeS11g.
Fundraislng
The charlly does not conlraGI wilh any commercial fundralslng agencies, Accordlngly, no member of the charlty
or agency acting on Ils behalf Is a meinber of a fundraislng regulatory body or bound by a regulatory standard,
and the charlty does not have regulatory procedures in place coverlng fundraisli)g. No complaints have been
recelved by the charity from its fundraising.
The charity only sends fuiidraisliig malerlal and updates on Ilie cliarlly's work to Indlviduals who have actively
opted in lo receive conlacl of Ihis nature froni the charity in order lo protect the publlc from intrusion. We alm to
proteGt vulnerable member5 of the publlc fron) perslstenl contact by ensuring ihal updates on the charity's
adlvities are not too frequent, and are controlled at chief executive level.
Our approach lo fLindraislng1s that we never cold call members of the public as poteiitial donors atthough we do
rea¢h out to corporate eiitllies and charllablo trusts. We reach the public through the production of our
Ralnforest Reviow arid aim to raise funds by valuing long temi relationships with our funders.

RAINFOREST CONCERN
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of trustees, responslbllltles
The Iruslees are responsible for preparing the Trustees, Report and the financial statements in accordance wilh
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requlres the trustees lo prepare financial statements for
each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming
resources and application of resources of the charity for that year.
In preparing these financial statements, the truslees are required to..
select sultable 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 financlal stalemenls., 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 keeplng sufficient accountlng records that disclose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statements comply with
Ihe Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provislons of the trust
deed. They are also responsible for safeguarding ihe assets of the charity and hence for taking reasonable steps
for the prevention and detection of fraud and other Irregularilies.
Audltor
In accordance with the company's articles, a resolution proposing that Begbies be reappointed as auditor of the
company will be put at a General Meeling.
Disclosure of inforniatlon to audltor
Each of the trustees has confirmed that there is no Information of whlch they are aware whlch is relevant to the
audil, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to
identify such relevant information and to establish that Ihe auditor is aware of such information.
The trustees, report was approved by the Board of TTUStees.
N Page
Trustee
Dated: 17 July 2024

RAINFOREST CONCERN
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF RAINFOREST CONCERN
Opinion
We have audited the financial statements of Rainforest Concern (the 'charity') for the year ended 31 December
2023 which comprise the stalement of financial activities. the balance sheet, the statement of cash flows and notes
to the financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and Uiiited Kingdoni Accounting Standards. including Financial
Reporting Standard 102 The Fji?ancial Reporting standa￿ applic8bl@ in the UK and Republic of Ireland (United
Kingdom Generalty Accepted Accounting Piacticel.
In our opinion, the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming
resources and application of resources. for the year then ended,.
have been propetly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnion
We conducted our audit in accordance with Intemational Slandards on Auditing (UK) {ISAs (UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for th8 audit of
the fin8ncial statements section of our report. We are independent of the charity in accordance wlth the ethical
requlrements that are relevant to our audit of the financial statement5 in the UK, Including the FRC'S Ethical
Slandgrd. and we have fulfilled our other ethical responsibilities in accordance with Ihese requiremenls. We believe
that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concern
In auditing the financial slatements, we have concluded that the Irustees, 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 nol identified any material uncertainties relaling to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilltSes and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other infomiation
The other infomiation comprises Ihe intomiation included in the annual ieport other than the financial statements
and our auditovs report thereon. The Irustees are responsible for the other information conlained within the annual
report. Our opinlon on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is lo read the other Iiiformatlon and, in doliig so. consider
whether the other information is materially inconsistent wllh the flnanclal statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially mi55tated. If we identify such material inconsistencies
or apparent material misstatements, we are required to delermine whether this gives rise to a material misstatement
in the financial stalements 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 Ihis regard.
Matters on whlch we are requlred to report by exceptlon
We have nolhing to report in respect of the following matters in relation to which the CharitSes (Accounts and
Reports} Regulations 2008 require us to report to you if, in our opinion..
the information given In the financial statements is Inconsistent in any material respect with the trustees,
report., OT
sufficient accounting records have not been kept., or
the financial stalements are not in agreement wilh the accounling records; or
we have not received all the information and explanations we require for our audit.
10-

RAINFOREST CONCERN
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RAINFOREST CONCERN
Responsibllltles of trustees
As explained more fully in the statement of truslees, responsibilitles, the trustees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for Such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatemenl. whether due to fraud or error. In preparing the )Inancial statements, the Irustees are responsible for
assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related lo going
concern and using the going concern basis of accounting unless the trustees either intend 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 section 144 of Ihe Charities Acl 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or ertor, 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 mis5talement when it exists. Misstatements can arise from fraud or
error and are considered material if, Individually or in Ihe aggregate, they could reasonably be expected to inlluence
the economic deGision5 of users taken on Ihe basis of these financial statements.
Extent to which the audlt was capable of detectlng irregularltles, Including fraud
Irregularlties, including fraud, are instances of non-compliance with laws and regulalions. We design procedures In
line with our responsibilities, outlined above, to detect material misstaternents in respect of Irregularities, including
fraud. The extent lo whlch our procedures are capable of detectlng irregularities, including fraud Is detalled below:
Agreement of the financial statement disclosures to underlying supporting documentation to assess compliance
with those laws and regulations having an impact on the financial statements and dlsclosure Tequirements. In
particular, Accounting and Reporting by Charities: Ststement of Recommended Practice.,
Enquiries and confirmation of management and the trustees as to Iheir identification of any non-compliance with
laws or regulations, or any actual or potential claims.,
Review of mlnutes of the Board meeting during the perlod.,
incorporating unpredictability into the nature, timing andlor extent of tesllng.
Evaluation of the selection and application of Ihe accounting policies chosen by the charity.
In relation to the risk of management overrbde of intemal controls, by undertaking procedures to review joumal
entries and evaluating whether there was evidence of bias that represented a risk of material misstatement due to
fraud.. and
We assessed the susceptibility of the charity's financial statements to material misstatement. including how fraud
might occur by considering the key risks impacting the financial statements.
Our audit procedures were designed lo respond to risks of material misstatement in the financial statements,
recognising that the risk of not detecting a material misstatement due lo fraud is higher than the risk of not delecting
one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations
or through collusion.
There are inherent limitations in the audit procedures perfomied and the further removed non-compllance with laws
and regulations is from the events and transactions reflected in the financial statements, the less likely we are to
become aware of it.
A further descrlpiion of our responslbililies is available on the Financial Reporting Council's website at.. https:11
www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditor's report.
11

RAINFOREST CONCERN
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RAINFOREST CONCERN
Use of our report
This reporl is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's trnslees
those matters we are required to state to thern in an auditorfs report and for no other purpose. To the fullest extent
pem)itted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or for Ihe opinions we have formed.
Begbles
-18107124.......
Chartered Accountants
ststutory Auditor
9 Bonhill Street
London
EC2A4DJ
Begbies is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a
company under section 1212 ofthe Companies Act 2006.
12

RAINFOREST CONCERN
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Current flnanclal year
Unrestricted Restrlcted
funds
funds
2023
2023
Totsl
Total
2023
2022
Notes
Income from:
Donalions and legacies
Investments - interest
313,727
3,658
739,726
1,053,453
3,658
601,743
482
Tolal Income
317,385
739.726
1,057,111
602,225
Ex
endlture on:
Raising funds
127,575
127,575
116.777
Charitable activities
Conservation
92,263
259,327
351,590
398.223
Total expendlture
219,838
259,327
479,165
515,000
Net incoming resources before Iransfers
97,547
480,399
577,946
87,225
Gross transfers between funds
352,217
{352,217)
Net income for the yearl
Net movement In funds
449,764
128,182
577,946
87,225
Fund balances at 1 January 2023
1,882,854
308,132
1,990,986 1,903,761
Fund balances at 31 December 2023
2,132,619
436,314
2,568,933
1,990,986
The statement of financial actlvitles Includes all gains and losses recognised in the year.
All income and expenditure derive from contlnulng activities.
13-

RAINFOREST CONCERN
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Prior flnanclal year
Unrestrlcted Restrlcted
funds
funds
2022
2022
Total
2022
Notes
Income from:
Donations and legacies
Investments - interest
252,247
482
349,496
601,743
482
Total Income
252,729
349,496
802,225
Ex
endlture on:
Raising funds
116,777
116,777
Charitable gctlvilles
Conservation
82,582
315,641
398,223
Total expendlture
199,359
315,641
515,000
Net incomlng resources before transfers
53,370
33,855
87,225
Gross transfers bel￿een funds
39,534
139,534)
Net movement in funds
92,904
15,679)
87,225
Fund balances at 1 January 2022
1,589,950
313,811
1,903,761
Fund balan¢e8 at 31 December 2022
1,682,854
308,132
1,990,986
14-

RAINFOREST CONCERN
BALANCE SHEET
AS AT31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Land for conservatlon
12
13
1,964
1,645,966
2,097
1,293,749
1,647,930
1,295,846
Current assets
Debtors
Cash at bank and in hand
14
259,896
672,266
48,901
658,972
932,162
707,873
CredIto￿. amounts falling due wlthin
one year
15
(11,159)
112,733)
Net current assets
921,003
695,140
Total assets less current Ilabilitles
2,568,933
1.990,986
Income funds
Restric
funds
18
436,314
308,132
Unres
ricted fund
Designated funds
General unrestricted funds
17
1,647,930
484,689
1,295,646
387,008
2,132,619
1,682,854
2,568,933
1.990,986
The accounts were approved by the Trustees on 17 July 2024
NLd?iy'
N Page
Trustee
15-

RAINFOREST CONCERN
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operatlng actlvltiès
Cash generated from operations
88,434
23
362,701
Investlng actlvltles
Purchase of tangible fixed assets
Purchase of land for con$eNallon
Intorest receivéd
(849)
{352,217)
3,658
(2,847)
(39,534)
482
Net cash used In Investlng actlvltles
(349,408)
(41,899)
Nat increase In cash and cash equlvalents
13,293
46,535
Cash and cash equivalents at beglnning of year
668,972
612,436
Cash and cash oquivalents at end ol year
672,266
858,972
16-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Charliy Information
Rainforest Concein Is an unincorporated organlsation constituted under a Twst Deed dated 151h November
1993.11 is registered as a CharSly With the Charity Commission.
1.1 Accounting convention
The accouiils have been prepared in accordance with the cliarity's tru51 deed, Ilie Charities Act 2011 and
"Accountiiig and Reporting by Charities.. Slalement of Recominended Praclico applicable to charilies
pi'eparli)g Ihelr accoui)ts iii accordaiice with the Fiiianclal Reporting Standard applicable in Ihe UK and
Republlc of Ireland IFRS 1021" (as amended for accounting periods commenclng from 1 January 2019). The
cliarily is a Publlc 8enefil Entity as deflned by FRS 102.
The flnanclal stalenients have departed from the Charilles (Accounts and Reports) Regulalions 2008 only to
the exlenl required to provide a true and fair vlew. Thls departure has involved following the Statement of
Recoinmended Practice for ch8rit1es applyliig FRS 102 rather than the verslon of the Sl8temeiit of
Recommended Pracllce which is referred lo in tlie Regulations bul wliich has slnce been withdrawn.
The financial statements are prepared in sterliiig, which is the functional currency of the charity. Monetgry
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 oul below.
1.2 Golng concern
At the Ilme of approving the financlal statements. tlie trusiees have a reasoiiable expectation that Ihe charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the twslees
continue to adopt the golng concern basis of accounling in preparing the financial statements.
1.3 Charltable funds
Unrestrlcled fuiids 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 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounls can be measU￿d reliably, and it is probable that income will be received.
Cash donatlons are recognlsed on receSPt. Oiher donatioiis are recognised once the charity has been notified
of the donation. Income tax recoverable in relatlon to donatlons received under GiftAid or deeds of covenant
Is recognis8d at the time of the donation.
Legacies are recognised on the earfier of receipt or when the charity has been notified of an impending
distribution, the amount Is known, and recelpt is prcibable.
1.5 Resources expended
All expenditure is iiicluded on an accruals basis and Is recognlsed when there is a legal or constructive
obligation to pay for expenditure.
Fundraising Gos15 include those costs incurred in raising the profile of the charity and ils work, and other
expenses incurred in obtaining funding.
17-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
The charity has only one charitable activity which is conseNation.
Dlrect project costs includes payments to maintain and preserve the cl)arily's own G0115ervalion land,
undertake other conservation aclivllies and the cosls visiting the charlly's owii 8nd grant project5. Costs are
recognised when incurred by the charity. Where costs, such as salaries, are InGurred In part far direct
activities and in part for support activitie5 an estimate is made of lime Spent on each activity.
Grants to partner projects are recorded when the partner is infomied that they will be recelving funding
without further approval processes.
Govemance cost5 are the costs associated with the governance arrangements of the charity.
Support costs are the general costs Incurred in support of meeting the charity's objectives, fundraising and in
monllorlng and awarding grants. Support costs are allocated in proportion to offlce-based staff salaries for
each activity.
All cost include any Irrecoverable VAT.
1.6 Tangible fixed assets
Tangible fixed assets are inilially measured at cost and subsequenlly measured at cost or valuation, net of
depreciation and any Impairmenl losses.
Depreciation is recognised so as to write off the cosl or valuation of assets less thelr residual values over their
useful lives on the following bases..
Fixtures, fittings & equipment
Computers
200/0 Straighl line
330/0 reducing balance
The galn or loss arising on the disposal of an asset is determined as the difference between Ihe sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Land for conservation
Land for conservation is land acquired by the charity and is recognised at cost. The treeliold land lias not
been depreclated as allowed by ihe SORP for assets With indefinite Ilves. The assets aro reviewed annually
for impaimient
1.8 Impalmient of fixed assets
At each reporting end date, the cliarlty rpviews the carying amounts of ils langible to delemiine whether
there is any indlcation that those assets have suffered an Impairment loss. If 8ny such Indication exlsts. the
recoverable amount of the asset Is esllmaled in order lo determine the extent of the Impairment loss lif any).
1.9 Cash and cash equivalonts
Cash and cash equlvalenls include cash in hand and deposits held at call with banks.
18-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
(Continued)
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of it5 financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity become5 paty to the
contractual provisions of the inslrument.
Flnancial assets and liabilities are offset, wlth the net amounts presented in the financial slatements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liabiliiy simullaneousty.
Basic financlal assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured at
transaclion price Including transaction costs and are subsequentty carried at amortised cost. Financlal assets
classified as receivable within one year are not amortised.
Basic financial liabllltles
Basic financial liabililies, including creditors and bank loans are initially recognised at transaction price.
Financial liabililies dassified as payable wilhin one year are not amortised.
Amounls payable are classified as current liabilities rf payment is due within one year or less. If not, they are
presented as non-current liabilities.
Derecognition of financial liabilities
Financial liabilities are derecognised when the chaiity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are
received.
Termlnalion benefits are recognised immediatety as an expense when the charity Is demonstrably commltted
to temiinate the employment of an eTnployee or lo provide termlnation beneffts.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due,
19

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
crftical accountlng estlmates and judgements
In Ihe applicatioii of the charity's accounting policles. the tTUStee5 are required to Inake judgements, estlmates
and assumptions about tlie carrying amouiil of a55els and liabililles that are iiot readily appareiil from olher
sources. The estimates and assoclaled assumpiioiis are based on historical experience aiid other factors that
are considered lo be ielevanl. Actual results may differ from these estimates.
The eslimales and underfying assumptlons are reviewed on an ongolng basis. Revisions to accounting
estlm3tes are recognlsed in the period in whlch the estiiiiate Is revlsed where the revision affects only 11)81
period, or in the period of the revision and future periods where tlie revision affects both current and future
periods.
Critical judgements
Carrylng value of land for conseNatlon
In accordance with FRS 102 the land for conseNallon 15 recorded al cost. The charlty has not opted for a
policy of revalualion with regards to the conservatioii land owned, bul does revlew for impairment annually.
Given the Inherent difficulties In valuing such land, and so ensuring the land is iiol impaired, a level of
judgenient is required. In considerlng whether Ihere has been ali inipairment Ihe physical condlllon of the
land Is considered in addltion to Ihe continuing legal rights of ownership.
Raising funds
2023
2022
Fundra15in
and ublicl
Seeking donalioiis, grants and legacies - share of governance costs
Fundraislng and donor events
Fundraising agenls
Advertising, website and newsletter
Staff costs
Support costs
4,333
1,979
18,999
3,460
44,787
58,350
4.333
1,980
17,390
3,166
42,952
51,289
127,575
116,777
Forthe year ended 31 December 2022
Fundraising and publicity
116,777
116,777
21

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable actlvlties
Total
2023
Total
2022
Conservatlon
Activitles undertaken directly
Staff costs
Consultants and freelance fees
Neblina ReseNe Ecuador- management and
support
Nasampulll Reserve Chile- management and
support
35,829
19.729
34,362
20,831
88,056
74,417
32,138
26.249
175,752
155,859
Grant funding of actlvltles (see note 71
129,157
201,332
Share of support costs (see note 10)
Share of governance costs (see note 10)
43,214
3.467
37,565
3,487
351,590
398,223
Analysis by fund
Unreslricted funds
Restricted funds
92,263
259.327
351,590
For the year ended 31 December 2022
Unrestricted funds
Restricted funds
82,582
315,641
398.223
22-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charltable activities
(Contlnuedl
Expenditure by activity
Dlrect
Support
costs
Total
2Q23
Direct conservation costs
Neblina Reserve Ecuador- management and
support
Nasampulli Reserve Chile - management and
support
Grants lo projects and partners
55,558
8,506
64,064
88,056
13.481
101,537
32,138
129,157
4.920
19,774
37,058
148.931
304,909
46,681
351.590
Direct
Support
costs
Total
2022
Direct conseNation costs
Neblina Reserve Ecuador- management and
support
Nasampulli Reserve Chile- management and
support
Grants to projects and partners
55,193
6,340
61,533
74,417
8,549
82,966
26.249
201,332
3,015
23,128
29,264
224.460
357,191
41,032
398.223
Further details of projects by geographical area are contained in the Trustees, Report and note 18.
Support costs are allocated in proportion to expenditure on charitable activities.
Conservation
ConseNalion
Graiil
ivin
The charity achieves its objects by awarding grants to partner projects to protect the rainforest and its
inhabitants and purchase land for conservation purposes. Grants for conservation purposes and research
are identified as grants in these accounts, regardless of whether the activity lakes place on the tharit￿S or
third party land.
clivilies uiidertaken directl b Ilie charit
Where suitable partners cannot be found for land purchase the chadty may purchase this in its own narne.
Costs for the maintenance and protection of this land along with monitoring this, and all partner projects, are
recorded under activities undertaken directty, except when paid as grants to partners.
The allocations have been revised in these accounts to identify aclivities on the Chile and Ecuadorian
reserves.
23-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Grants payable
2023
2022
Grants payable
Jaguar Rescue Centre- Cosla Rica
Munnarakkunnu Trust- India
The Heart of Belize & Selvana - Belize
Los Cedros - Ecuador
Decoin - Ecuador
Fundatia Adepl- Romania
Fundacion Tlerramar- Colombia
Corporacion Bosques de Zapallar- Chile
Urplano Reserve- Costa Rlca
Fundacion Cuencas de Limon- Costa Rica
Other- below £2,000
25,396
9,100
15,490
33,440
7,008
45,215
1,000
8,631
15,843
65.605
46,942
17,925
7,989
8,950
20,328
1,626
129,157
201,332
Conservalion
The charity carries out its charitable objects through grants to third parties, its own research and
conservation activities and by land purchases. Accordingly the level of each type of acllvity varies across
years. During the year the charity had acquired tille lo land for conseNalion to the value of £352,217 (2022:
£39,534) in addition to making the above payments for grants, and maintenance and research costs
detailed In note 5.
The purchase of land for conservation is shown in the accounts as an addition to land for conservation
assets, and funds held by third parties for future purchases are shown in other deblors. The cumulative lotal
of land for conservation purchases and grants in 2023 was £481,374 (2022= £225,023).
Commitments
No grants included In the above figures were unpaid at the current or prior balance sheet date, subject to
conditions yel to be met by the recipienl.
Trustees
None of the Irustees (or any persons connected wlth them) received any remuneration from the charity during
the year {2022.'£0I. No Iruslees visited the charity's projects and had their flights and other expenses paid by
Ihe chariiy in the current or prevlous year. One Iruslee claimed general travel expenses during the year of
£227 (2022:£0I. For other relaled party transactions please see note 21.
Taxation
The charity is exempt from lax on income and galns falllng wtthin section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitsble objects.
24-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Support costs
Support Costs
Governance
costs
2023
2022
staff costs
Depredation
Consultancy, legal and professional fees
Rent, rates, utilities and seNice charges
General expenses
Bank charges and fees
34.719
982
9,753
21,893
28,234
1,650
34,719
982
9.753
21,893
28,234
1,650
33,134
1,049
7.238
21,192
20.378
1,530
Audit fees
7,800
7,800
7,800
97,231
7,800
105,031
92,321
Analysed between
Fundraising
Charitable activities
54,017
43,214
4,333
3,467
58.350
46,681
51,289
41.032
97,231
7.800
105.031
92.321
Govemance costs Includes accrued and paid fees to the 8udltors of £6,500 excluding VAT (2022- £6,500
excluding VATI for audit, bookkeeping and glft aid return fee.
Support costs have been allocated according to offic&based staff wages.
25-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
Number of employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
2023
2022
Employment costs
106,250
7.221
1,864
101,156
7,374
1,918
Wages and salaries
Social securlty Costs
other pension costs
115,335
110.448
The number of employees whose annual remuneration was £60,000 or more,
not including eniployels penslon coiitributions, were..
2023
Number
2022
Number
£70,001-£80,000
Employers, pension contributions of £1,210 were made in total for the hlgher paid employee (2022.. £1,321).
26-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Tanglble flxed assets
Flxturets.
fittin95 &
èqulpment
Computers
Tot81
Cost
At 1 January 2023
Additions
12,921
3.853
849
16.774
12.921
4,702
17.623
At 31 December 2023
Depreciation and Impalrment
At 1 January 2023
Depreciation charged in the year
12,921
1,756
982
14,677
982
12,921
2,738
15,659
At 31 December 2023
Carrylng amount
At 310ecember 2023
1,964
1,964
2,097
2,097
At 31 December 2022
13 Land for Conservation
Land for
conservatlon
1,293,749
352,217
At 1 January 2023
Purchases of18nd for conservation
1,645,966
At 31 December 2023
Land for conservation assets are areas of rainforest land owned across Ecuador and Chile. The charlty
purchases areas of conservation land in its own name when It is not possible for land lo be held by local
partners. The land is held Is SUPPOrt of Rainforest ConceTlI'S charltable objects and the charity works wlth
local groups in its maintenance and protection.
Five year purchase summary of conservation land
2023
2022
2021
2020
2019
24,336
126,017
Purchases
352,217
39,534
27-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Debtors
2023
2022
Amounts falling due wlthln one year:
256.135
3,761
45,417
3,484
Other debtors
Prepayments and accnjed income
259,896
48,901
other debtors includes £27,575 (2022.. f16.754) held by third parties for land purchase5 spannin9 the year
end. No legal commitments were outstanding at either year end in respect of these traiisactions.
other debtors also includes a £200.000 bequest to which the charity was entitled at the year end, but was not
received until March 2024.
15 Creditors: amounts falling due wlthln one year
2023
2022
4,142
420
6.597
3,182
710
8,841
Other taxation and social security
other creditors
Accruals and deferred Income
11,159
12,733
16 Retlrement benefit schemes
Defined contributlon schemes
The charity operates defined conlrlbution penslon schemes for all qualifying employees under the automallc
enrolrnent njles. The assets of the scheme are held separately from those of the charity in Independently
administered funds.
The charge to profit or loss in respect of defined contribution schemes was £1,864 (2022 - £1,918).
28-

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J 141

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Operating lease commitments
At the reporting end dale the charity had oulslanding commilments for future minimum lease payments under
non-cancellable operating leases for oftice space rented, which fall due as follows..
2023
2022
Within one year
3.400
3,100
21 Related party transactlons
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2023
2022
Aggregate compensation including employels nalional Insurance and pension
89,573
85.905
Transaction5 With related parties
During the year the charity entered into the following transactions with related parties..
During the year key management personnel had an outstanding salary advance of £2,962 12022- £2,982)
which was repaid by the balance sheet date. During the 2021 year a staff loan was made for £25,000 which is
being repaid in monthly instalments and carries an interest rate of 2 %. The balance at the year end stood at
£12,411 (2022.. £17,340) and was repaid in full after the year end.
The donations for the year include £100,290 (2022= £125,991) from the Swiss Planet Foundation, an
organisation of whose board the Chief Execulive of Rainforest Concern is a president. The grants are given
for specific prolecls, with £28,128 in Ecuador and £72,162 for activities and grants in Costa Rica (2022..
£62,872 in Ecuador and £63,119 for aGlivities and grants in Chilel.
Total unrestricted donations from trustee5 and their connected parties were In aggreg91e £23,998 (2022..
£75,621).
During the year under review, no trustee received paymenl or remuneration from the charity {2022.' none).
-33-

RAINFOREST CONCERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
22 Analysls of changes in net funds
The ch8rlty had no debt durlng ihè year.
23 Cash generated from operatlons
2023
2022
Surplus forthe year
577,948
87,225
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(3,658>
982
{482)
1,049
Movemen1$ in working Gapilal..
(Increase)Idecrease In debtors
(Decrease) in credilors
(210,995)
(1,574)
11,052
(10,410)
Cash genernted from operations
362,701
88,434
34-