## **Forest Peoples Programme** 

**Registered Charity No. 1082158** 

**Company Registration No. 03868836** 

**REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED** 

**31 DECEMBER 2025** 



## **FOREST PEOPLES PROGRAMME** 

## **CONTENTS** 

(A company limited by guarantee) 

||**Page**|
|---|---|
|**Administrative Information**|**3**|
|**Report of the Trustees**|**4**|
|**Report of the Auditor**|**14**|
|**Statement of Financial Activities**|**17**|
|**Balance Sheet**|**18**|
|**Cash Flow Statement**|**19**|
|**Notes to the Financial Statements**|**20-42**|
|**Income and Expenditure Account**|**43**|
|**(not part of the statutory accounts)**||





## **FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

## **ADMINISTRATIVE INFORMATION** 

## **Trustees/Directors** 

## **Secretary** 

**Principal Address and Registered Office** 

## **Statutory Auditor** 

## **Bankers** 

M Pimbert (Chair) R Halip (Co-Chair) S P Finn MJ Artist C Kalafatic P Kitelo P Borraz L Erickson (resigned 17 March 2025) R Williams S Roberts K Currey (appointed 15 January 2025) Aslak Holmberg (appointed 9 July 2025) K Newman 1c Fosseway Business Centre Stratford Road Moreton-in-Marsh Gloucestershire GL56 9NQ Crowe U.K. LLP 4th Floor, St James House St James Square Cheltenham Gloucestershire GL50 3PR NatWest Banbury Branch 1 Town Hall Buildings Bridge Street, Banbury OX16 5JS 

**Key Management Personnel** T Lomax C Doyle O Almas M L Henson A Perram B Rault H Tugendhat (resigned 17 April 2025) **Charity Registration Number** 1082158 **Company Registration Number** 03868836 

page 3 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES** 

The Trustees present their report with the financial statements of the charity for the year ended 31 December 2025. 

## **OBJECTIVES AND ACTIVITIES** 

The charitable objectives as set out in Forest Peoples Programme’s (FPP) governing documents are ‘To promote any charitable purpose for the benefit of indigenous and local peoples and other disadvantaged communities anywhere in the world who depend on forests for their livelihoods by enabling them to preserve, conserve and protect their environment and the prudent use of its resources, promoting human rights (as set out in the United Nations Declaration of Human Rights and subsequent United Nations conventions and declarations), and by the relief of poverty and improvement of the conditions of life of those communities’. 

## **OUR VISION** 

Forests are owned and controlled by forest peoples in ways that ensure sustainable livelihoods, equity and well-being based on respect for their rights, knowledge, culture and identities. 

## **OUR MISSION** 

FPP supports the rights of the peoples who live in forests and depend on them for their livelihoods. We work to create political space for forest peoples to secure their rights, control their lands and decide their futures. 

## **Our strategic goals to achieve this are:** 

- ➢ Get the rights and interests of forest peoples recognised in laws, policies and programmes. 

- ➢ Support forest peoples to build their own capacities to claim and exercise their human rights. 

- ➢ Counter top-down policies and projects that threaten the rights of forest peoples. 

- ➢ Promote community-based sustainable forest management. 

- ➢ Ensure equity, counter discrimination and promote gender justice. 

- ➢ Inform NGO actions on forests in line with forest peoples’ visions. 

- ➢ Link up indigenous and forest peoples’ movements at the regional and international levels. 

## **SUMMARY OF ACTIVITIES 2025** 

To achieve FPP’s vision our approach is to support the rights of peoples who live in tropical forests and depend on them for their livelihoods and the survival of their cultures. This includes working to open up political space (at local, national, regional and international levels) within which indigenous peoples and forest peoples’ voices and priorities can be heard, in order to advance the assertion of their rights and the effective control of their lands, so they can control and safeguard their own futures. Selfdetermination, rights to lands, territories and resources, free, prior and informed consent, and gender justice are cross-cutting core principles that underline our work. Having completed our Strategic Framework Plan 2025-2030 in 2024, an important step during 2025 was the development of an accompanying Monitoring, Accountability, Evaluation and Learning framework to capture our progress and enable us to better communicate our impact. 

Our work with Indigenous and forest peoples during 2025 spanned Africa, South and Central America & Caribbean, Asia and Oceania, under our three programme themes (Legal and Human Rights (LHRP), Responsible Finance (RFP) and Environmental Governance (EGP)). Highlights from those programmes, outlined below, are the result of strong collaborations with other actors, and first and foremost with the communities and peoples with whom FPP maintains long-standing relationships of solidarity, allyship and expert support. 

page 4 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

## **The Legal and Human Rights Programme** 

During 2025 the Legal and Human Rights Programme continued to support indigenous peoples and forest peoples and civil society partners in countries, including Indonesia, Peru, Colombia, Guyana, Suriname, Costa Rica, DRC, Cameroon, Kenya and Uganda. It continued to expand its work through the operation of FPP’s Strategic Legal Response Centre (SLRC)’s four pillars: strategic litigation and legal reform, rapid legal response, capacity building, and strengthening the community of practice. 

This included supporting 14 strategic litigation test cases against Governments and multinationals in 9 tropically forested countries across Latin America, Africa and Asia, helping advance the rights of 20 indigenous peoples. Examples of litigation include the case of the Kichwa community of Puerto Franco, Peru, where, in the first instance, the Court ordered titling of ancestral territory overlapped by a National Park created without free, prior and informed consent, and in Uganda, where a Constitutional Case in relation to fortress conservation was initiated. Urgent legal response for human rights defenders was provided in countries, including Peru, Colombia, Uganda, Kenya and Indonesia. Support for regional exchanges, such as the East African Women-led Assemblies and the Meeting of Indigenous Guards, involving 23 communities from Indigenous peoples in Peru, Ecuador and Colombia, provided opportunities for capacity building and strategy sharing. LHRP also continued to engage with human rights mechanisms, including UN Special Rapporteurs and Working Groups and with standard setting processes of multi-stakeholder initiatives, such as the Initiative for Responsible Mining Assurance and the Aluminium Stewardship Initiative. 

## **The Responsible Finance Programme** 

Working towards a global economic system that enables Indigenous Peoples and forest peoples to thrive and enjoy their internationally recognised human rights, the Responsible Finance Programme in 2025 continued supporting these rightsholders defending their lands, territories, and resources against extractive industries, infrastructure, industrial agriculture, organised resource crime, and climate/nature policies and finance that do not respect their rights. An important component of challenging existing rights-violating systems is – and has increasingly been so in 2025 – to promote alternative narratives and solutions. As part of this effort, FPP has joined two new networks that promote alternative economic models and transformation of global economic governance: the Wellbeing Economy Alliance (WEAll) and the Transformations in Economies for Rights and Resources Alliance (TIERRA). 

Programme activities were carried out across many of the countries where FPP works, including Indonesia, Colombia, Peru, Guyana, Liberia, Cameroon and DRC. Important engagement also took place at international level in 2025 with solidarity and technical ground-support provided to several indigenous delegations at COP30 in Belem as well as the organisation of two official sessions – including through the Zero Tolerance Initiative – at the Forum for Business and Human Rights in Geneva. FPP also convened, together with indigenous organisations, a Global Convening on the topic of certification, auditing and verification. This was attended by 32 indigenous representatives from 13 countries. In conjunction with this work, FPP continued its longstanding engagement in various commodity certification schemes for palm oil, timber, minerals and metal and carbon credits. 

## **The Environmental Governance Programme** 

In 2025 the Environmental Governance Programme continued to work on its key thematic streams – Territorial governance, Conservation and human rights, and Diverse cultures, knowledges and ecologies, across the 18 countries where FPP works. 

The largest project within the programme is Transformative Pathways, which was initiated in 2022 and works through a consortium of 12 partners, mostly indigenous peoples’ organisations. The project aims to advance and evidence the roles and contributions of indigenous peoples in addressing biodiversity 

page 5 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

loss in Peru, Kenya, Thailand, the Philippines and Malaysia and cuts across all the programme workstreams. 

Beyond this project, our work on conservation and human rights continues in multiple countries (particularly in the Congo Basin, East Africa, Liberia, Indonesia, Peru and Guyana) and in 2025 FPP participated in the World Conservation Congress in Abu Dhabi. We continue our work engaging with the Convention on Biological Diversity (in particular related to implementation of target 3, the monitoring framework and advancing traditional knowledge indicators in states parties to the convention. FPP has also continued its support for the Global Network on Indigenous-led Education (ILED), supporting grassroots initiatives focussed on language and culture. The programme has also continued to facilitate provision of unrestricted, self-determined funding to Indigenous Peoples and forest peoples through the continuation of Forest Visions. 

## **DIRECTORS & TRUSTEES** 

The directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. 

The Trustees serving during the year under review were: 

M Pimbert (Chair) S Roberts R Halip (Co-Chair) P Borraz MJ Artist C Kalafatic P Kitelo R Williams L Erickson (resigned 17 March 2025) K Currey (appointed 15 January 2025) SP Finn Aslak Holmberg (appointed 9 July 2025) 

All the Trustees are eligible to remain on the Board of Trustees for a five year term at which time they are eligible for re-election at the Annual General Meeting. 

The Board of Trustees are entitled to appoint additional Trustees and the methods, policies and procedures within the charity for recruitment, appointments, induction and training for Trustees are continually reviewed. 

## **ORGANISATION STRUCTURE** 

The charity is administered by the Trustees who meet twice a year in the summer and winter and who have regular contact throughout the year. At the summer Trustees’ Meeting the governing document is reviewed to ensure activities remain within permitted guidelines. Trustees are recruited and appointed by the existing Trustees based on an assessment of skills and experience. New Trustees receive a Board pack of papers and institutional policies before attending their first meeting. At a new Trustee’s first Board meeting procedures and policies are explained by existing members. There is also an induction meeting with the Director and other senior staff members as appropriate. The Audit Committee (a sub-committee of the full Board) meets twice a year in preparation for the summer and winter full Board meetings, in addition to meeting on other occasions as required. 

The Programme Coordination Management Team has a collective role in ensuring cross programme coordination and enabling FPP to remain true to its mission and values, strategic, responsive, fair, resilient, accountable and effective. It supports the development and renewal of FPP’s strategy, learning from past and present work, and enhancing our effectiveness to face complex challenges as well as contributing to finding solutions to operational challenges and funding gaps. The group meets every four to six weeks with subgroups of this team meeting between these meetings as required. 

An inflationary pay increase was approved by the Board in March 2026 of 3%. The previous increase of pay was approved by the board in 2024 and awarded to management and staff, of 2.6% from 1[st] January 2025. 

page 6 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

Remuneration for key management personnel is set at the time of recruitment and is reviewed on an ad hoc basis as and when required. 

## **WORKING WITH PARTNERS** 

FPP builds long term relationships with local non-governmental organisations in country working with local communities, providing technical support and training to enable the communities to secure their rights, control their lands and decide their futures. 

Together, FPP and its partner organisations develop programmes of work for which funding is sought. Once funding is secured activities are implemented under the terms of the respective grants. A summary of each restricted grant’s purpose is set out in Note 11. 

## **LEGAL STATUS** 

The charity was incorporated as a company limited by guarantee on 29 October 1999 and registered as a charity on 24 August 2000. The liability of the company's members for its debts is limited to their guarantee to contribute such amounts as may be required, not exceeding £1, to the assets of the company if it should be wound up whilst he/she is a member or within one year after he/she ceases to be a member. 

## **FINANCIAL REVIEW** 

The charity’s income for charitable activities in 2025 included grants for restricted activities of £5,061k (2024: £5,798k) and unrestricted fund grants of £4,435k (2024: £1,333k) of which £2,905k represents an amount accrued, in relation to Hans Wilsdorf Foundation, Waterloo, OSF, Ford Build, Packard, AESOP and CHK which will be received over the next 2-5 years, as shown in note 2. Donations in the year were £34k (2024: £91k). Total income amounted to £9,561k (2024: £7,260k). Grant proposals to Aesop, CLUA, Good Energies, Hans Wilsdorf Foundation, Nia Tero, The Christensen Fund, File Foundation, OSF, Packard Foundation, Sall Family Foundation, Sobrato and Wellspring have been successful, starting in 2025 and are medium to long term projects. The total number of grants increased from 49 to 56. 

Total expenditure on charitable activities amounted to £7,293k (2024: £7,095k). These are broken down into Staff and Related Personnel Costs at £3,132k (2024: £2,918k), Direct Programme Costs at £3,889k (2024: £3,908k), Support Costs at £184k (2024: £162k) and Governance at £47k (2024: £49k). The details of these costs are in Note 4. Our transfers to partners are analysed by country in Notes 4a and 4b. These payments are to enable our partners (local indigenous and other NGOs that we work with on the ground, and with whom we have a long-term working relationships) to carry out agreed activities in accordance with our funding agreements. 

Details of funding sources are shown in Note 2 to the accounts and details of how expenditure has met the objectives are set out in the summary of activities earlier in this report. The title of each restricted income stream is detailed in Note 11. 

We work closely with local partners in all the countries funded by our grants and have developed systems for due diligence assessments and capacity building to enable them to implement the activities on the ground where necessary. Travel by FPP staff and consultants has been closely linked to workshops, and implementation levels by partners have been steady under IKI and current and new donors. 

Total funds available at 31 December 2025 amounted to £8,011k (2024: £5,832k) of which £1,982k (2024: £2,612k) related to Restricted Funds and £6,029k (2024: £3,220k) was available for unrestricted purposes. At 31 December 2025 there was 1 restricted fund balance in deficit by £41k (2024: 0). 

page 7 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

We are continuing to seek further funding to expand our work and were very pleased to have been selected for the Ford BUILD grant, which started in early 2022 and in 2023 we signed a new contract for £1,865,079 or $2,350,000 of unrestricted funding until the start of 2027. This grant allows us to invest in the organisational resilience, at both an operational and strategic level, which will help secure the future of FPP. Furthermore, FPP was extremely pleased to secure £1.5m of unrestricted funding from Hans Wilsdorf Foundation and £840,336 or €1m from Good Energies. 

The Trustees are satisfied that the charity’s activities during the year have met their objectives and are satisfied with the financial position at the year end. 

## **RESERVES POLICY** 

The Trustees have reviewed FPP’s need for reserves in line with the guidance issued by the Charity Commission where the term “reserves” describes that part of a charity’s income funds that is freely available for its general purposes at the Trustees’ discretion in furtherance of any of the charity’s objects. 

The Trustees believe that FPP should hold financial reserves (an Emergency Operating Reserve (EOR)) because: 

- i) It has no endowment funding and is entirely dependent for income upon donor funding from year to year which is inevitably subject to fluctuation; and 

- ii) It requires protection against catastrophic or lesser but damaging events. An EOR provides the ability to continue operating when such events might arise. 

The Trustees believe that the level of the EOR should normally be the equivalent of a minimum of four months’ (non-project funded) organisational operating costs plus four months’ salary commitments for all staff. This would currently amount to approximately £1,026k (2024: £1,031k). The intention of the Trustees remains that the EOR is maintained at or above this minimum level wherever possible while recognising that there will be fluctuations in reserves from year to year and with the goal to increase EOR to 5 months operational costs over time. At 31 December 2025, the free reserves, were £6,029k (2024: £3,220k). Free reserves include fixed asset investments of £1,008k (2024: £531k) as the investments are held in deposit accounts and are freely available to use were the need to arise. 

During 2025 under the provisions of the Charities SORP (FRS 102), FPP accrued £1,500k Hans Wilsdorf grant, £400k Waterloo grant, £317k OSF grant, £309k of the Ford Build grant, £227k Packard, £75k Aesop grant and £60k CHF future cash tranches.  This has significantly increased the level of Unrestricted Funds at 31 December 2025 on the SOFA to £6,029k (2024: £3,220k). FPP will receive the cash over a number of years which means that there is a correspondingly large accrued income asset on the Balance Sheet. 


page 8 



**REPORT OF THE TRUSTEES (cont’d)** 

## **FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

Excluding the future recognised income (of the Hans Wilsdorf, Waterloo, OSF, Ford Build, Packard, Aesop, and CHK) from unrestricted reserves would leave a balance of £3,124k as at 31 December 2025.  However, £1,844k of this balance, whilst unrestricted, represents income from grants which have planned expenditure against them. Such expenditure relates, inter alia, to programmatic support and/or organisational strengthening.  If this future planned expenditure is removed, the balance, which FPP refers to as core unrestricted reserves, is £1,280k.  These unrestricted core reserves are built up over time, with no expenditure forecast against them, to provide an Emergency Operating Reserve (EOR). We plan to draw down £77k of these core reserves during 2026 in order to continue to maintain our operational capability during the year. Budgeted unrestricted core reserves at the end of 2025 are therefore £1,203k which is just higher than the desired EOR level of 4 months operational costs. As set out above, the Board aims to increase the level of the EOR to a minimum of 5 months operational costs which would require increasing levels of core support funding in the future. 

## **INVESTMENT POLICY** 

The Trustees aim to hold funds in ethical investments or interest-bearing accounts wherever possible. Part of the unrestricted reserves of £1,008k (2024: £531k) are held with ethical institutions (Triodos Bank and the CCLA) on deposit. For daily transactions and working capital demands the charity requires the flexibility and responsiveness that a multinational bank provides. This means that all restricted reserves and the balance of unrestricted reserves (£2,166k at year end) are held in interest bearing accounts with the organisation’s main bank, NatWest. 

page 9 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

## **FUTURE PLANS** 

2026 will see FPP continuing the implementation of our 5-year Strategic Framework Plan (20252030). Having developed an organisation-level Monitoring, Evaluation, Accountability and Learning (MEAL) framework during 2025, to complement the Strategic Plan, we plan to systematize that during 2026, by means of a user-friendly inputting system, database and analytics as well as finalising a strategic budget. We will also be deploying a new communication strategy, and are planning to undertake further investment to boost our fundraising capacity. We also plan to consolidate the organisational strengthening and resilience priorities identified in the context of our Ford Foundation BUILD grant, focussed on sustainability in programme management and leadership. 

FPP’s strategic approach and impact is rooted in long term relationships of support and solidarity with the communities, peoples and partner organisations we support. FPP’s focus in 2026 will continue to be on strengthening the organisation’s core capacities, responding to the headwinds in the funding and geopolitical landscape, ensuring FPP’s diverse staff are well supported, and increasing collaboration with other organisations at community, national and international levels to address the complex threats that forest communities are facing. 

Strategic priorities are set and regularly reviewed for each of the 18 countries in which FPP works and in each of its thematic focus areas. These strategic priorities reflect the emerging challenges and opportunities in each area of FPP’s programmes, allowing agility on the one hand and continuity of engagement on the other. Our Strategic Framework Plan articulates the balancing act between longterm strategies, while maintaining room for manoeuvre in order to respond to emerging challenges and opportunities. The Plan is structured through four strategic outcomes: (1) Strong and Selfgoverning Peoples and Communities; (2) Just diverse and sustainable economies; (3) Effective, accessible and just legal systems; and (4) Building solidarity and resilience. These outcomes will continue to guide our work during 2026. As we complete the last year of BUILD we will also continue to keep an eye on the ways in which our organisational resilience can be further strengthened, to ensure FPP is best equipped to meet the needs of partners. 

## **FUNDRAISING ACTIVITIES** 

The Trustees reviewed the charity’s fundraising at the Annual General Meeting in 2025 and also at the November 2025 Board Meeting. Programme Coordination and Management Team (PCMT) monitors fundraising throughout the year. Fundraising expenses are categorised in terms of staff time taken to write funding proposals and budgets. Many proposals are for grants from funders with whom we have existing relationships and so are often part of the grants that are in progress. Applications to new funders or for different pieces of work can take more time to prepare and put together but the staff time is not an additional cost to that contracted to carry out the project work. Fundraising costs are reported in the Statement of Financial Activities as £88k (2024: £94k). The charity had no fundraising activities requiring disclosure under s162A of the Charities Act 2011. 

## **PUBLIC BENEFIT** 

The Trustees have regard to the Charity Commissioners’ guidance on public benefit and the activities carried out are consistent with the requirements. The overseas projects carried out are to assist local communities to improve their living conditions and environment. Taking the Charity Commission’s guidance into consideration, the Trustees are satisfied that our public benefit requirements have been met. 

page 10 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

## **RISK MANAGEMENT POLICY** 

The Board is ultimately accountable for dealing with risk. 

The identification and assessment of risks is done by management on a rolling basis with the Board able to add, subtract, elevate or relegate. 

The assessment of gross risk is based on: 

- Severity of impact 

- Likelihood of occurrence 

In order to meet its fiduciary responsibilities and govern FPP to achieve its mission most effectively, the involvement of the Board can be described as: 

- Input to identification and oversight of ‘High Level’ risks and opportunities. A ‘High Level’ risk can be strategic (does this risk mean that FPP does not make a difference?) or Operational (does this risk fundamentally threaten FPP’s ability to continue?) 

- Sets risk appetite 

- Seeks reassurance that _**processes**_ are in place for managing operational risks rather than getting into the detail of management 

- Monitors ‘High Level’ risks 

- Holds management accountable for running the processes and taking mitigating actions 

- Receives reports of critical incidents (e.g. major fraud, kidnap) 

The Board signs off policies which have a high-risk component (e.g. staff security). 

The risk register is the primary tool used by the Board to monitor risk. At each Board meeting management reports on the movement in the ‘High Level’ risks (getting worse, staying the same, getting better) that have occurred because of changes in the operating environment or management action. 

The ‘High Level’ risks with the highest score identified in the most recent review of the register and mitigating actions are: 

1. Risk – The programme may face a constrained funding environment as a result of geopolitical and economic instability and policy changes (including ODA reductions), with additional uncertainty arising from a new US administration, the war in Ukraine, and the cost-of-living crisis. 

Mitigation – Implement an active resource-mobilisation approach, including the rapid development of new proposals, development of a new funding roadmap, and sustained donor relationship management, alongside targeted dialogue on funding modalities for Indigenous Peoples. 

2. Risk – Cyberattacks and Data breaches. 

Mitigation – Cyber Essentials Certification. Provision of IT security training for all staff and consultation with external IT providers, regarding current threats. 

3. Risk – Development and execution of advocacy messaging or litigation is insufficiently robust undermining partners, achievement of goals, FPP's ability to operate or existence. Reputational damage arising from other undesirable or unmanaged activity undermines FPP's ability to operate or existence. 

Mitigation – Ensure all external messages and litigation support activities are communitydriven and checked by partners and signed off by appropriate Programme Coordinators, prior to submission/ publication; coordination and checking in with other like-minded NGOs and actors in the field; defamation checks with legal advice sought where necessary ensuring staff are aware of defamation risks & have appropriate training. 

page 11 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

4. Risk – Staff put at risk where there are security issues in high-risk countries where we work or travel to. 

Mitigation – Management seeks to mitigate this risk through the provision of appropriate security awareness training for staff and through the ongoing monitoring of country-specific risk conditions in locations where personnel work or travel. Guidance, protocols and control measures are reviewed and updated on a timely basis to reflect changes in the operating environment, with the objective of reducing staff exposure to security-related incidents and strengthening organisational preparedness and response. 

FPP has continued to take steps to further strengthen safeguarding across its work including through the development and rollout of its code of conduct, safeguarding policy and adapted partner due diligence methodology. 

During 2025 FPP has not reported any safeguarding incidents but has reported a fraud incident with one of our Congo Basin partners to the Charity Commission and grant funders. 

## **GOING CONCERN** 

The trustees have reviewed the plans and forecasts for 2026 and 2027, including reviewing the assumptions for the forecasts. As at the date of signing these financial statements, the Trustees’ and the management team’s forecasts up to 31 December 2027 indicate that the Charity will be able to continue to operate as a going concern.  Even the most pessimistic scenario shows that the organisation can continue to operate as a going concern, albeit at a much lower level and capacity than present. The Trustees and the management team are regularly monitoring the position to determine the right way forward as events unfold. 

## **RELATED PARTIES** 

The related party transactions during the year are disclosed in Note 14. 

## **TAXATION STATUS** 

The Company is a charity within the provisions of the ICTA 1988 (Income and Corporation Taxes Act) and hence no corporation tax is payable on income received, which is properly applied for its primary purpose. 

## **CHARITY GOVERNANCE CODE** 

FPP senior management and board trustees continue to ensure FPP complies with the UK regulatory environment for charities, including the Code. 

## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** 

The Trustees (who are also directors of FPP for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). 

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they 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 estimates that are reasonable and prudent; 

page 12 



**FOREST PEOPLES PROGRAMME Year ended 31 December 2025** 

**REPORT OF THE TRUSTEES (cont’d)** 

- 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 business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions, 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 and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS** 

So far as the Trustees are aware, there is no relevant audit information (as defined by Section 418(2) of the Companies Act 2006) of which the company’s auditors are unaware and each Trustee has taken all the steps that he or she ought to have taken as a Trustee in order to make himself or herself aware of any relevant audit information and to establish that the company’s auditors are aware of that information. 

This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with the special provisions of the Companies Act 2006 relating to small entities. 

## **AUDITORS** 

A resolution will be put to the Annual General Meeting proposing that Crowe U.K. LLP will be reappointed as auditor. 

ON BEHALF OF THE BOARD: 

Signature redacted for security 

R Williams 

TRUSTEE 

Date: 

21 May 2026 

page 13 



**FOREST PEOPLES PROGRAMME** 

**INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF FOREST PEOPLES PROGRAMME** 

## **Opinion** 

We have audited the financial statements of Forest Peoples Programme (‘the charitable company’) for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 December 2025 and of 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. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

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

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

page 14 



**INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF FOREST PEOPLES PROGRAMME (cont’d)** 

## **FOREST PEOPLES PROGRAMME** 

- the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: 

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

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

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

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

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

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement set out on pages 12 and 13, 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, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

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

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

## **Extent to which the audit was considered capable of detecting irregularities, including fraud** 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. 

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. 

page 15 



**INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF FOREST PEOPLES PROGRAMME (cont’d)** 

## **FOREST PEOPLES PROGRAMME** 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were taxation and employment legislation. 

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. 

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant income, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, and the Audit Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, designed audit procedures to test the timing of grant income, reviewing accounting estimates for biases, reviewing regulatory correspondence including that with the Charity Commission, and reading minutes of meetings of those charged with governance. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. 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 auditor’s 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. 

## Signature redacted for security 

Guy Biggin Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor 4[th] Floor St James House St James Square Cheltenham Gloucestershire GL50 3PR 

Date: 26 May 2026 

page 16 



**FOREST PEOPLES PROGRAMME** 

**STATEMENT OF FINANCIAL ACTIVITIES [incorporating an income and expenditure account] For the year ended 31 December 2025** 

|Note<br>**Income from**<br>Charitable Activities<br>2<br>Donations<br>Other Income<br>Bank Interest<br>**Total**<br>**Expenditure on**<br>Charitable Activities<br>4<br>Raising Funds<br>**Total**<br>**Net Income / (Expenditure)**<br>5<br>**Other recognised gains and losses**<br>Transfers between funds<br>**Net movement in funds**<br>**Reconciliation of Funds:**<br>**Total funds brought forward:**<br>**Total funds carried forward:**<br>11, 12|**2025**<br>**£**<br>4,435,362<br>33,112<br>3,058<br>27,141<br>4,498,673<br>1,633,243<br>56,156<br>1,689,399<br>2,809,274<br>-<br>2,809,274<br>3,219,771<br>6,029,045<br>**Unrestricted**<br>**Funds**|**2025**<br>**£**<br>5,060,950<br>800<br>-<br>220<br>5,061,970<br>5,660,044<br>31,797<br>5,691,841<br>(629,871)<br>-<br>(629,871)<br>2,611,886<br>1,982,015<br>**Restricted**<br>**Funds**|**2025**<br>**£**<br>9,496,312<br>33,912<br>3,058<br>27,361<br>9,560,643<br>7,293,287<br>87,953<br>7,381,240<br>2,179,403<br>-<br>2,179,403<br>5,831,657<br>8,011,060<br>**Total**<br>**Funds**|**2024**<br>**£**<br>7,130,941<br>90,831<br>-<br>38,012<br>**Total**<br>**Funds**|
|---|---|---|---|---|
|||||7,259,784|
|||||7,095,264<br>94,442|
|||||7,189,706|
|||||70,078<br>-|
|||||70,078<br>5,761,579|
|||||5,831,657|



The notes on pages 20 to 42 form part of these financial statements 

page 17 



**BALANCE SHEET 31 December 2025 Registered No. 03868836** 

## **FOREST PEOPLES PROGRAMME** 

|Note<br>**Intangible Fixed Assets:**<br>Website<br>7<br>**Fixed Assets:**<br>Interest Bearing Deposit Accounts<br>8<br>**Current Assets:**<br>Debtors<br>9<br>Cash at Bank and in hand<br>**Current Liabilities:**<br>Amounts falling due within one year<br>Creditors<br>10<br>**Net Assets**<br>**The funds of the charity:**<br>Restricted Income Funds<br>11<br>Unrestricted Funds<br>12<br>**Total charity funds**|**2025**<br>**£**<br>35,690<br>1,007,876<br>4,014,376<br>3,147,991<br>8,205,933<br>194,873<br>8,011,060<br>1,982,015<br>6,029,045<br>8,011,060|**2024**<br>**£**<br>-<br>530,598<br>2,258,286<br>3,227,557|
|---|---|---|
|||6,016,441<br>184,784|
|||5,831,657|
|||2,611,886<br>3,219,771|
|||5,831,657|



These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. These financial statements have been prepared in accordance with the Companies Act 2006 and Financial Reporting Standard 102. The financial statements on pages 17 to 42 were approved and authorised for issue by the Trustees on 21 May 2026 and signed on their behalf by: 

Signature redacted for security 

R Williams 

TRUSTEE 

The notes on pages 20 to 42 form part of these financial statements 



**FOREST PEOPLES PROGRAMME** 

**CASH FLOW STATEMENT 31 December 2025** 

**Registered No. 03868836** 

|Note<br>**Cash flows from operating activities:**<br>**_Net cash provided by operating activities_**<br>15<br>**Cash flows from investing activities**<br>Interest from investments<br>**_Net cash provided by investing activities_**<br>**_Change in cash and cash equivalents in the_**<br>**_reporting period_**<br>**Cash and cash equivalents at the beginning of the**<br>**reporting period**<br>**Change in cash and cash equivalents due to**<br>**exchange rate movements**<br>**_Cash and cash equivalents at the end of the_**<br>**_reporting period_**<br>16|**2025**<br>**£**<br>411,527<br>27,361<br>27,361<br>438,888<br>3,758,155<br>(41,176)<br>4,155,867|**2024**<br>**£**<br>(7,280)<br>38,012|
|---|---|---|
|||38,012|
|||30,732<br>3,785,844<br>(58,421)|
|||3,758,155|



The notes on pages 20 to 42 form part of these financial statements 

page 19 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **1. ACCOUNTING POLICIES** 

## **Company Information** 

Forest Peoples Programme is a registered charity and as such is a non-profit making organisation. The number of members at 31 December 2025 is 11 and their liability on a liquidation is limited to £1 each. Forest Peoples Programme is registered as a company limited by guarantee with no share capital, in England and Wales under number 03868836 and its registered office is 1c Fosseway Business Centre, Stratford Road, Moreton-in-Marsh, GL56 9NQ. Forest Peoples Programme is a Public Benefit Entity registered with the Charity Commission under number 1082158. 

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. 

## **Basis of Accounting** 

The financial statements have been prepared under the historical cost convention, in accordance with the Financial Reporting Standard 102, the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities and applicable accounting standards. 

## **Income** 

All income is accounted for gross. 

Income from donations and grants, including government grants, is included in income when there is evidence of entitlement, the amount can be measured and the receipt is probable. When donors impose conditions which have to be fulfilled before the charity becomes entitled to such income, the receipt of income is not included in income until the pre-conditions for use have been met and is instead treated as deferred income and held on the balance sheet. Investment income is included when receivable. 

## **Expenditure** 

All expenditure is accounted for gross, including irrecoverable VAT, and is recognised on an accruals basis as a liability is incurred. Expenditure is allocated to specific projects and administration costs are allocated against projects in accordance with the terms of the project contracts. 

## **Allocation of Costs** 

The Charitable Activity Costs include all costs attributable to delivering and supporting the main charitable activities of the organisation. All support costs are allocated to Charitable Activities. 

The expenditure on raising funds is the cost of applying for new and renewing existing grants. 

Contributions to Overheads are apportioned to contracts in accordance with agreed contract terms. They are allocated to specific overheads when the budget lines within a grant agreement specify that this is the case. For most of our grants this is not the case and overhead contributions are set against the unrestricted overhead and staff costs of the organisation within the financial year. 

Field Costs are part of Charitable Activity Costs. These payments are to enable our partners (local indigenous and other NGOs that we work with on the ground, and with whom we have a long-term working relationship) to carry out agreed activities in accordance with our funding agreements. 

page 20 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **Intangible Fixed Assets and Amortisation** 

Intangible fixed assets with a value greater than £5,000 are capitalised at cost and written off by equal annual instalments over their expected useful lives (website in 2025: 3 years). 

## **Financial Instruments** 

With the exception of fixed asset investments as noted below, the charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like accounts receivable and trade and other accounts payable. 

Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. 

Fixed asset investments are investments held for the longer term and deposits, with a maturity of longer than three months. Deposits within fixed asset investments are held as long-term cash deposits i.e for longer than twelve months, and earn a fixed rate of interest. Cash which is needed for daily grant expenditure is held as cash and cash in hand. Some bank accounts are interest bearing but the balances on these accounts fluctuate on a regular basis. 

## **Fund Accounting** 

Funds held by the charity are either: 

- Unrestricted general funds: these are funds which can be used in accordance with the general charitable objects of the charity at the discretion of the Trustees. Within the unrestricted funds, designated funds can be set aside for specific areas of work by the Programme Coordination and Management Team. This separation is an internal matter and the funds are deemed to be fully flexible. 

- Restricted funds: these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

## **Going Concern** 

FPP prepared 2026 and 2027 budgets and forecasts which take into account expected changes in the funding streams and which demonstrate that the charity will be able to continue to operate for the foreseeable future. The charity has identified secured funding over the next 12-18 months. In addition, it has also identified grant funding renewals and opportunities which have been applied for or are in the process of being applied for and which the Trustees have a high expectation will be successfully secured. Based on this funding and the related expenditure models the Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence and meet all its obligations as they fall due in the normal course in the short to medium term. On this basis, the Trustees consider it appropriate to continue to prepare the financial statements on the going concern basis. 

## **Foreign Currencies** 

Transactions in foreign currencies are recorded at monthly rates during the year. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. 

## **Presentational and Functional Currency** 

The functional currency of FPP is considered to be pounds sterling because it is the currency of the primary economic environment in which the charity operates. The financial statements are presented in pounds sterling. 

page 21 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **Pensions** 

Auto-enrolment was applicable for FPP from 1 July 2016 and the charity follows the guidelines for pension contributions according to the auto-enrolment rules. The pension scheme is a defined-contribution scheme administered by Aviva. Eligible staff are auto-enrolled, unless they request to opt-out. Staff may contribute more than the statutory minimum contributions for employees. The charity follows the minimum contribution levels for employers. Pensions are allocated across funds in the same way as salary costs. 

## **Operating Leases** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

**Judgements in applying accounting policies and key sources of estimation uncertainty** Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include the following: 

## _Accruals_ 

Included in accruals are liabilities where the amount and/or timing of its settlement is uncertain. An accrual is only recognised where: 

- There is a present obligation at the reporting date as a result of a past event; 

- It is probable that a transfer of economic benefit will be required in settlement; and 

- The amount of the settlement can be estimated reliably. 

## _Deferred Income_ 

Income is recognised when there is evidence of entitlement, the amount can be measured and the receipt is probable. Where terms and conditions have not been met, or, uncertainty exists as to whether FPP can meet the terms and conditions otherwise within its control, the income is not recognised but deferred as a liability until it is probable that the terms and conditions imposed can be met. 

page 22 



**INCOME AND EXPENDITURE ACCOUNT For the year ended 31 December 2025** 

## **FOREST PEOPLES PROGRAMME** 

## **2. INCOME FROM CHARITABLE ACTIVITES** 

|**RESTRICTED INCOME GRANTS**<br>Arcadia<br>Arcus GLOBAL 2024-26<br>Arcus Liberia 23 via SESDev<br>Aurora Trust Alumni Network<br>Aurora Trust Peoples' Legal Sch<br>Aurora Trust - Indonesia 2024<br>Christensen Mosopisyek 2024<br>CFLI Canada Fund for LI 24<br>CIPDP-2025 (VOICE)<br>Climate and Land Use Alliance - 2021-25<br>CLUA 3rd Leadership Course 25<br>CJRF Global 2024 COP29<br>ECF EU Advocacy 2023-24<br>ECF EU Advocacy 2024-25<br>ECF EU Advocacy 2025-26<br>File Foundation Cam/DRC 2025-27<br>File Foundation SLRC 2024-26<br>File Foundation - Global<br>Ford Foundation - Zero Tolerance Initiative<br>Freedom House 2023<br>Front Line Defenders<br>Full Circle DRC 2024-26<br>Full Circle DRC 2024-26 Millipede Foundation<br>GIZPECO 2024-25<br>Global Greengrants EDC Col 25<br>Global Greengrants EDC Peru 24<br>Hans Wilsdorf Foundation<br>HCV Network PoM 2023<br>Good Energies via YMKL 2024-26<br>Sub total|2025<br>2024<br>£<br>£<br>202,754<br>208,255<br>421,686<br>435,354<br>27,323<br>28,399<br>-<br>15,879<br>-<br>14,291<br>-<br>67,980<br>-<br>19,841<br>-<br>29,019<br>5,369<br>-<br>(5,746)<br>5,701<br>-<br>7,874<br>-<br>7,143<br>-<br>42,373<br>36,270<br>36,017<br>26,087<br>-<br>184,962<br>-<br>214,286<br>259,843<br>187,970<br>313,643<br>-<br>78,740<br>(259)<br>17,497<br>-<br>2,917<br>160,746<br>165,792<br>39,683<br>39,683<br>-<br>250,852<br>3,053<br>-<br>11,905<br>436,571<br>-<br>48<br>20,169<br>-<br>20,168<br>1,940,803<br>2,099,335|
|---|---|



page 23 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **INCOME FROM CHARITABLE ACTIVITIES (cont’d)** 

|**RESTRICTED INCOME GRANTS**<br>Sub total brought forward<br>International Climate Initiative (IKI)<br>IWGIA - Indigenous Navigator 2022-25<br>JJCT Radio & Emergency<br>Joseph Rowntree CT PBI 2023-5<br>Joseph Rowntree CT PBI 2025-7<br>Nia Tero Foundation - Global<br>Nia Tero via APA<br>Nia Tero Access to Justice<br>Paul K. Feyerabend Foundation<br>Rainforest Fund - Costa Rica 2023<br>Packard Foundation via YMKL 2024-26<br>Rainforest Foundation US - Guyana 2023<br>RF Alliance AFI 2023<br>Rainforest Danida 25-26<br>Rainforest Trust - SRDC<br>SAGE 2023 Indonesia<br>Sage Indonesia via YMKL 2025-26<br>REDAA<br>Sage Peru 2023<br>SECO Indonesia<br>Resourcing Justice CRIMA 2025-26<br>ReWild Kawari Funds PNP 2024<br>ReWild Kawari Funds Carbon Market translations<br>Rutu Foundation Congo Basin 2024<br>Rutu Foundation 2025<br>Size of Wales Kenya 2023-24<br>SizeofWales Peru Rapid Res2024<br>Size of Wales Peru Match 2023<br>Souter Charitable Trust Peru 2025<br>Synchronicity Global Foundation<br>SwedBio at the Stockholm Resilience Centre 2021-24<br>Swedish Postcode Lottery Foundation<br>Tenure Facility- APA<br>Tenure Facility- SRDC<br>Wellspring 2022 Gender<br>Wellspring  - Zero Tolerance Initiative via SVFT<br>Wellspring Philanthropic Fund - Zero Tolerance Initiative 2023<br>WWF OECMs 2023<br>Grand Total|2025<br>2024<br>£<br>£<br>1,940,803<br>2,099,335<br>1,697,780<br>1,659,304<br>69,096<br>182,410<br>30,714<br>-<br>-<br>27,000<br>9,250<br>158,731<br>58,515<br>14,283<br>-<br>74,627<br>-<br>-<br>749<br>30,510<br>38,917<br>-<br>22,901<br>19,862<br>27,380<br>15,152<br>12,698<br>26,515<br>-<br>114,459<br>-<br>-<br>1,181<br>12,097<br>-<br>-<br>500,000<br>78,219<br>25,197<br>71,110<br>78,621<br>25,000<br>-<br>47,359<br>12,603<br>2,222<br>8,661<br>20,007<br>6,982<br>7,083<br>7,185<br>10,000<br>15,000<br>5,000<br>5,000<br>21,384<br>26,000<br>3,000<br>-<br>-<br>3,000<br>348,900<br>271,599<br>-<br>504,042<br>12,953<br>52,155<br>-<br>21,088<br>(1,203)<br>16,998<br>186,567<br>-<br>-<br>3,289<br>9,470<br>110,000<br>5,060,950<br>5,797,810|
|---|---|



page 24 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **2. INCOME FROM CHARITABLE ACTIVITIES (cont’d)** 

|**UNRESTRICTED INCOME**<br>Access to Work<br>Aesop Foundation<br>Christensen Fund - EGP<br>CHK Foundation 2024<br>CLUA Global 2025-26<br>Hans Wilsdorf Foundation EGP<br>Ford Build 2022-2026<br>Good Energies 2025-2030<br>OSF RFP 2025<br>Packard Foundation Indonesia 2024<br>Packard General Support 2025<br>Sall Family Foundation<br>Sobrato Foundation 2025-26<br>Waterloo 2025-29<br>Wellspring Gender 2025-2028<br>**TOTAL INCOME FROM CHARITABLE ACTIVITIES**|2025<br>2024<br>£<br>£<br>6,244<br>-<br>225,000<br>-<br>284,672<br>204,724<br>-<br>180,000<br>148,148<br>-<br>1,500,000<br>-<br>-<br>388<br>840,336<br>-<br>476,190<br>-<br>-<br>238,095<br>338,346<br>-<br>189,394<br>209,924<br>277,778<br>-<br>-<br>500,000<br>149,254<br>-<br>4,435,362<br>1,333,131<br>9,496,312<br>7,130,941|
|---|---|



Included in 2025 unrestricted income is £2,905k accrued income in relation to confirmed grants from Hans Wilsdorf, Waterloo Foundation, OSF, Ford Build, Packard, Aesop, and CHK foundation where the cash will be received in the next 1 – 4 years. 

## **3. TAXATION** 

As a charity, FPP is generally exempt from corporation tax on income it receives which is properly applied for its charitable purpose. 

page 25 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **4. CHARITABLE ACTIVITY COSTS** 

|Note<br>**Staff and Related Personnel Costs**<br>UK Salaries & Fees<br>Overseas Staff Fees<br>Consultants<br>Other Staff Costs<br>**Direct Programme Costs**<br>Travel and Project Monitoring<br>Translation, Publications and<br>Research Documents<br>Equipment & IT<br>Indigenous Participation<br>Field Costs (incl transfers to Partners) 4a<br>Workshops<br>**Support Costs**<br>Rent, Rates and Insurance<br>Light, Heat and Cleaning<br>Telephone and Communications<br>Communications and Visibility<br>Membership Subscriptions<br>Postage and Stationery<br>Depreciation<br>Bank Charges and Interest<br>Sundry Expenses<br>**Governance**<br>Auditor's Remuneration<br>Legal & Professional Fees<br>Contribution to overheads<br>Foreign Exchange Losses/(Gains)<br>**Total Charitable Activities**|2025<br>Unrestricted<br>£<br>882,356<br>265,232<br>87,251<br>75,894<br>1,310,733<br>59,930<br>56,958<br>94,403<br>109,973<br>286,566<br>33,204<br>641,034<br>55,062<br>7,304<br>4,633<br>11,118<br>2,893<br>1,912<br>11,896<br>13,730<br>26,514<br>135,062<br>23,299<br>3,540<br>26,839<br>(434,445)<br>(45,980)<br>1,633,243|2025<br>Restricted<br>£<br>1,006,069<br>598,012<br>214,768<br>2,241<br>1,821,090<br>260,606<br>98,430<br>16,435<br>318,998<br>2,483,765<br>70,154<br>3,248,388<br>6,772<br>397<br>3,593<br>11,990<br>7,061<br>1,608<br>-<br>17,460<br>-<br>48,881<br>20,084<br>-<br>20,084<br>434,445<br>87,156<br>5,660,044|2025<br>Total<br>£<br>1,888,425<br>863,244<br>302,019<br>78,135<br>3,131,823<br>320,536<br>155,388<br>110,838<br>428,971<br>2,770,331<br>103,358<br>3,889,422<br>61,834<br>7,701<br>8,226<br>23,108<br>9,954<br>3,520<br>11,896<br>31,190<br>26,514<br>183,943<br>43,383<br>3,540<br>46,923<br>-<br>41,176<br>7,293,287|2024<br>Total<br>£<br>1,786,312<br>770,775<br>319,785<br>41,054|
|---|---|---|---|---|
|||||2,917,926|
|||||314,847<br>137,159<br>131,736<br>318,446<br>2,955,530<br>50,302|
|||||3,908,020|
|||||59,763<br>8,465<br>11,103<br>13,296<br>19,211<br>4,801<br>-<br>32,138<br>13,240|
|||||162,017|
|||||48,638<br>242|
|||||48,880|
|||||-<br>58,421|
|||||7,095,264|



page 26 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **4a. FIELD COSTS** 

|Transfers to Partners By Country:<br>Antigua and Barbuda<br>Bangladesh<br>Cameroon<br>Colombia<br>Costa Rica<br>Democratic Republic of Congo<br>Ecuador<br>Guyana<br>Indonesia<br>Kenya<br>Liberia<br>Madagascar<br>Malaysia<br>Namibia<br>Nepal<br>Netherlands<br>Panama<br>Paraguay<br>Peru<br>Philippines<br>Republic of Congo<br>Suriname<br>Tanzania<br>Thailand<br>Tuvalu<br>Uganda<br>United Kingdom<br>USA<br>Venezuela<br>Equipment for Partners<br>Other Field Costs|2025<br>2024<br>£<br>£<br>4,348<br>6,038<br>13,500<br>28,361<br>65,821<br>146,467<br>143,041<br>100,029<br>30,427<br>36,758<br>125,249<br>211,889<br>-<br>3,150<br>49,113<br>125,151<br>403,303<br>422,873<br>258,204<br>222,279<br>54,394<br>31,265<br>13,981<br>13,968<br>60,945<br>61,171<br>-<br>3,150<br>-<br>3,175<br>-<br>11,745<br>26,236<br>19,794<br>22,392<br>5,679<br>378,735<br>384,475<br>150,473<br>101,466<br>135,724<br>111,456<br>42,423<br>91,842<br>-<br>11,339<br>383,576<br>375,253<br>4,500<br>8,750<br>28,943<br>70,026<br>227,628<br>195,297<br>8,582<br>-<br>-<br>7,470|
|---|---|
||2,631,538<br>2,810,316<br>45,753<br>42,612<br>93,039<br>102,602|
||2,770,330<br>2,955,530|



page 27 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **4b. TRANSFERS TO PARTNERS** 

|to Significant  Partners:<br>Democratic Republic<br>of Congo<br>Indonesia<br>Asia Indigenous Peoples Pact Foundation<br>Thailand<br>Republic of Congo<br>Kenya<br>Peru<br>El Gobierno Territorial Autónomo de la<br>Nación Wampis<br>Peru<br>Peru<br>Colombia<br>Kenya<br>Peru<br>Thailand<br>United Kingdom<br>Malaysia<br>Philippines<br>Thailand<br>Colombia<br>Liberia<br>United Kingdom<br>Indonesia<br>Other<br>Federación de Comunidades Nativas del Ucayali y<br>Afluentes<br>University of Oxford’s Interdisciplinary Centre for<br>Conservation Science<br>PACOS<br>Yayasan Masyarakat Kehutanan Lestari<br>Fundacion Science International<br>Indigenous Information Network<br>Instituto de Defensa Legal<br>Inter Mountain Peoples Education and Culture in<br>Thailand Association<br>LifeMosaic<br>Partners for Indigenous Knowledge Philippines<br>Pgaz K'Nyau Association for Sustainable Dvlopm't<br>Secretaría Técnica de la Comisión Nacional<br>Social Entrepreneurs for Sustainable Development<br>Actions pour la Promotion et Protection des Peuples et<br>Espèces Menacés en RDC<br>AKAR Foundation<br>Chepkitale Indigenous People Development Project<br>Association CECD<br>Chirapaq - Centro de Culturas Indígenas del Perú|2025<br>£<br>76,577<br>62,876<br>135,887<br>114,607<br>137,522<br>121,041<br>81,108<br>50,688<br>53,290<br>91,023<br>84,953<br>114,524<br>104,235<br>60,945<br>146,223<br>133,165<br>66,734<br>54,394<br>80,320<br>291,257<br>570,169<br>2,631,538|2024<br>£<br>70,303<br>66,717<br>110,003<br>46,599<br>112,996<br>84,799<br>89,378<br>59,794<br>68,144<br>81,403<br>67,861<br>147,621<br>69,937<br>61,171<br>95,167<br>117,629<br>18,272<br>31,266<br>68,144<br>272,645<br>1,070,468|
|---|---|---|
|||2,810,316|



Transfers to Significant  Partners: 

page 28 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **5. NET INCOME** 

||2025|2024|
|---|---|---|
||£|£|
|_Net income is stated after charging:_|||
|Operating lease costs|33,047|36,162|
|Statutory audit services|22,050|19,962|
|Statutory audit services for the prior year|1,038|2,076|
|Non-statutory audit services|15,414|20,652|
|Non-statutory audit services for the prior year|-|5,948|



## **6. STAFF COSTS & TRUSTEES’ EXPENSES** 

|Wages & Salaries<br>Social Security Costs<br>Pension Costs<br>Overseas Staff<br>Total<br>Number of Employees receiving<br>remuneration in the year in the<br>following bands:<br>£60,000 - £70,000<br>£70,001 - £80,000<br>£80,001 - £90,000|2025<br>£<br>1,702,426<br>213,912<br>50,494<br>877,120<br>2,843,952<br>2025<br>2<br>3<br>1|2024<br>£<br>1,646,937<br>177,722<br>47,482<br>777,309|
|---|---|---|
|||2,649,450|
|||2024<br>3<br>3<br>-|



The average headcount was 69 (2024: 66). The average Full Time Equivalent headcount was 58 (2024: 56). 

During the year key management personnel were remunerated in total £482,585 (2024: £500,527). 

During the year payments were made to two Trustees for the provision of legal consultancy services and accountancy support provided to the Charity, see related party transactions note 14 a total of £21,463 (2024: £21,885 for the same 2 Trustees). Travel, subsistence and accommodation costs were reimbursed to 6 Trustees in 2025 for £9,464 (2024: £6,633 for 4 Trustees). 

page 29 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **7. INTANGIBLE FIXED ASSETS** 

## **Website** 

## **Cost** 

Addition at 3 April 2025 Amortisation 

**Net Book Value at 31 December 2025 Net Book Value at 31 December 2024** 

£ 47,586 11,896 35,690 - 

## **8. FIXED ASSET INVESTMENTS** 

||£|
|---|---|
|Balance At 1 January 2025|530,598|
|Interest earned during the year|17,279|
|Deposited during the year|459,999|
|Balance at 31 December 2025|1,007,876|



The total value of the funds are held within UK registered banks. 

## **9. DEBTORS** 

|**10. CREDITORS**<br>Accounts Payable<br>Accruals<br>Social Security and Pension Contributions<br>Prepayments<br>Accrued income<br>Staff advances<br>Other Debtors||2025<br>£<br>50,487<br>131,676<br>12,710<br>2025<br>£<br>22,556<br>3,982,893<br>5,628<br>3,299<br>4,014,376||2024<br>£<br>58,122<br>2,181,827<br>17,145<br>1,192|
|---|---|---|---|---|
|||||2,258,286|
|||||2024<br>£<br>35,525<br>141,943<br>7,316|
|||194,873||184,784|



## **10. CREDITORS** 

page 30 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **11. RESTRICTED INCOME FUNDS** 

|Arcus Foundation - Global 2024-26<br>Arcus Foundation - Liberia 2023/25<br>Aurora Trust - Indonesia 2024<br>CIPDP-2025<br>Climate and Land Use Alliance (CLUA) 2021-25<br>Climate and Land Use Alliance (CLUA) - 3rd Leadership Course 25<br>The Canada Fund for Local Initiatives<br>European Climate Foundation - ECF EU Advocacy 2024-25<br>European Climate Foundation - ECF EU Advocacy 2025-26<br>File Foundation - Global<br>File Foundation Congo Basin 2025-27<br>File Foundation Indonesia 2025-26<br>File Foundation SLRC 2024-26<br>The Ford Foundation – Zero Tolerance Initiative<br>Freedom House<br>Front Line Defenders<br>Full Circle Foundation<br>Full Circle Foundation - Millipede Foundation<br>GIZ – Deutsche Gesellschaft für Internationale Zusammenarbeit<br>Global Greengrants Fund – EDC Peru 2024<br>Global Greengrants EDC Col 25<br>Good Energies Foundation – Via YMKL 2024-26<br>High Conservation Values Network – PoM<br>Hans Wilsdorf Foundation<br>International Climate Initiative (IKI Full)<br>IWGIA - Indigenous Navigator 2022-25<br>JJCT – Emergency Fund Peruvian Amazon<br>JJCT – Kichwa radio in San Martin<br>Joseph Rowntree Charitable Trust (JRCT) - PBI 2023-5<br>Nia Tero Foundation - Global<br>Nia Tero via APA<br>Nia Tero Access to Justice<br>Packard Foundation – Via YMKL 2024-26<br>Rainforest Danida 25-26<br>Subtotal carried forward<br>Arcadia - Environmental Governance Programme|b/f at<br>01.01.25<br>Income<br>Expenditure<br>Transfers in / (out)<br>c/f at<br>31.12.25<br>£<br>£<br>£<br>£<br>£<br>221,664<br>202,754<br>200,870<br>-<br>223,548<br>378,551<br>421,686<br>507,127<br>-<br>293,110<br>20,199<br>27,323<br>26,341<br>-<br>21,181<br>43,242<br>-<br>43,242<br>-<br>-<br>-<br>5,369<br>5,369<br>-<br>-<br>43,728<br>(5,746)<br>37,982<br>-<br>-<br>8,000<br>-<br>8,000<br>-<br>-<br>2,158<br>-<br>2,158<br>-<br>-<br>22,890<br>36,270<br>59,160<br>-<br>-<br>-<br>26,087<br>6,964<br>-<br>19,123<br>55,220<br>-<br>55,220<br>-<br>-<br>-<br>184,962<br>139,572<br>-<br>45,390<br>-<br>187,970<br>164,316<br>-<br>23,654<br>187,297<br>214,286<br>291,312<br>-<br>110,271<br>37,081<br>-<br>37,081<br>-<br>-<br>-<br>(259)<br>(259)<br>-<br>-<br>216<br>-<br>216<br>-<br>-<br>65,669<br>160,746<br>134,769<br>-<br>91,646<br>7,683<br>39,683<br>38,152<br>-<br>9,214<br>197,173<br>82<br>197,255<br>-<br>-<br>5,273<br>-<br>5,273<br>-<br>-<br>-<br>3,053<br>613<br>-<br>2,440<br>12,869<br>-<br>9,466<br>-<br>3,403<br>-<br>48<br>48<br>-<br>-<br>-<br>436,571<br>134,596<br>-<br>301,975<br>11,729<br>1,697,780<br>1,750,946<br>-<br>(41,437)<br>38,580<br>69,234<br>107,814<br>-<br>-<br>-<br>30,714<br>28,954<br>-<br>1,760<br>312<br>-<br>312<br>-<br>-<br>18,167<br>9,250<br>24,507<br>-<br>2,910<br>28,755<br>158,731<br>83,267<br>-<br>104,219<br>-<br>14,283<br>14,283<br>-<br>-<br>-<br>74,627<br>6,332<br>-<br>68,295<br>20,184<br>-<br>16,152<br>-<br>4,032<br>-<br>26,515<br>-<br>-<br>26,515|
|---|---|
||1,426,640<br>4,022,019<br>4,137,409<br>-<br>1,311,250|



page 31 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **11. RESTRICTED INCOME FUNDS (cont’d)** 

|Subtotal brought forward<br>Rainforest Alliance AFI 2025<br>Rainforest Foundation US – Guyana<br>Rainforest Fund – Costa Rica<br>Rainforest Trust - SRDC<br>REDAA - The International Institute for Environment and Development (IIED)<br>Resourcing Justice CRIMA 2025-26<br>Restricted Donations - Wampis<br>ReWild Kawari Funds PNP 2024<br>ReWild Kawari Funds PNP 2025<br>ReWild Kawari Funds Carbon Market translations<br>Royal Anthropological Institute<br>Rutu Foundation<br>Sage Indonesia via YMKL 2025-26<br>SAGE Fund - 2024/2025 Peru<br>SECO Kaleta Indonesia – (Swiss State Secretariat for Economic Affairs)<br>Size of Herefordshire<br>Size of Wales - Kenya<br>Size of Wales Peru Match 2025<br>Size of Wales RapidRes 2025<br>Sobrato Foundation<br>Souter Charitable Trust Peru 2025<br>Swedbio 2021-2024<br>Tenure facility via APA and SRDC<br>The Swedish Postcode Lottery Foundation<br>Wellspring Philanthropic Fund – Gender and 2022<br>Wellspring Philanthropic Fund – Zero Tolerance Initiative<br>World Wildlife Fund<br>**Grand total**|b/f at<br>01.01.25<br>Income<br>Expenditure<br>Transfers in / (out)<br>c/f at<br>31.12.25<br>1,426,640<br>4,022,019<br>4,137,409<br>-<br>1,311,250<br>-<br>15,152<br>15,152<br>-<br>-<br>-<br>19,862<br>19,862<br>-<br>-<br>-<br>30,510<br>29,764<br>-<br>746<br>-<br>114,459<br>68,584<br>-<br>45,875<br>297,824<br>-<br>216,273<br>-<br>81,551<br>-<br>25,000<br>10,000<br>-<br>15,000<br>-<br>400<br>400<br>-<br>-<br>692<br>1,611<br>2,303<br>-<br>-<br>-<br>45,748<br>34,551<br>-<br>11,197<br>7,651<br>2,222<br>9,873<br>-<br>-<br>5,882<br>-<br>5,882<br>-<br>-<br>3,924<br>27,090<br>31,014<br>-<br>-<br>-<br>12,097<br>9,041<br>-<br>3,056<br>3,808<br>78,219<br>62,204<br>-<br>19,823<br>7,882<br>71,110<br>78,992<br>-<br>-<br>-<br>400<br>376<br>-<br>24<br>-<br>10,000<br>10,000<br>-<br>-<br>-<br>21,384<br>20,403<br>-<br>981<br>-<br>5,000<br>5,000<br>-<br>-<br>91,262<br>-<br>91,262<br>-<br>-<br>-<br>3,000<br>-<br>-<br>3,000<br>9,084<br>348,900<br>357,984<br>-<br>-<br>15,415<br>12,953<br>28,368<br>-<br>-<br>512,080<br>-<br>205,443<br>-<br>306,637<br>59,703<br>(1,203)<br>58,500<br>-<br>-<br>111,467<br>186,567<br>115,158<br>-<br>182,876<br>58,572<br>9,470<br>68,042<br>-<br>-|
|---|---|
||2,611,886<br>5,061,970<br>5,691,841<br>-<br>1,982,015|



page 32 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **11. RESTRICTED INCOME FUNDS (cont’d)** 

## **Arcadia – Environmental Governance Programme** 

Core support for the Environmental Governance Programme. 

**Arcus Foundation – Global 2024-26** 

Land rights and landscape governance for Lobéké NP, Cameroon; Messok-Dja, RoC; Kahuzi-Biega NP, DRC and Tanjung Puting NP, Indonesia. 

**Arcus Foundation – Liberia 2023/25** 

Advancing Customary Land Rights in Liberia Conservation Agenda. 

## **Aurora Trust – Indonesia 2024** 

Uncovering the shadow operations of commodity and mineral mining 

companies in Indonesia, and using the evidence to secure restitution for forest communities. 

**CIPDP – 2025 VOICE** 

Support for Boititap Korenyo (The Wealth of Our Lands), through Chepkitale Indigenous People Development Project, Kenya. 

## **Climate and Land Use Alliance (CLUA) 2021-25** 

Support to ensure global policies, intergovernmental and private sector initiatives, and finance for forest and climate protection address the drivers of tropical deforestation and enable increased recognition of forest peoples’ rights. 

## **Climate and Land Use Alliance (CLUA) – 3rd Leadership Course 25** 

Support an event to develop capacities for the leaders to understand and participate in COP 30. 

## **The Canada Fund for Local Initiatives** 

Strengthening the Exercise of the Right to Free Prior and Informed Consent (FPIC) in Wapichan Villages. 

## **European Climate Foundation - ECF EU Advocacy 2024-25** 

Improve integration of key concerns of indigenous and forest peoples in EU policies, defend achievements in EU’s environmental, human rights and climate laws and policies against political pushback, and support their effective implementation. 

## **European Climate Foundation - ECF EU Advocacy 2025-26** 

Land Use sector and is designated to contribute to a shift in narratives and values in the EU in support of climate, nature and social justice (including indigenous peoples’ and forest peoples’ rights), through public communications and citizen engagement (including EU-global south citizen and community exchanges and learnings). 

## **File Foundation - Global** 

Implementing Strategic Litigation Options in Indonesia in Defence of Forest Peoples’ Rights & Defending forests through defending rights in the Congo Basin. 

## **File Foundation Congo Basin 2025-27** 

Implementing legal options in the Congo Basin in defence of Forest People's rights **File Foundation SLRC – 2024-26** 

Strategic Legal Response Centre (SLRC) 

## **The Ford Foundation – Zero Tolerance Initiative** 

To end violence, intimidation, and killing of Indigenous Peoples and other human rights defenders linked to global supply chains. 

## **Freedom House** 

Zero Tolerance Initiative. 

page 33 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **11. RESTRICTED INCOME FUNDS (cont’d)** 

## **Front Line Defenders** 

Temporary relocation of Bacirebera Mbuwa Kalimba (“Mbuwa”), Gonzalo Mahangaiko Malenga (“Majafa”), and Manassé Sirire Christian (“Manassé”) for 3 months. 

## **Full Circle Foundation** 

Support for the project: Securing forests through Securing Forest Peoples’ Rights: DRC Whakatane and the Batwa of Kahuzi-Biega, which aims to enable the Batwa of Kahuzi-Beiga, DRC and Kauzi-Biega National Park (PNKB) itself to contribute to building a community driven, nationally supported, globally networked Whakatane process. 

## **GIZ – Deutsche Gesellschaft für Internationale Zusammenarbeit** 

Strengthening national implementation of global biodiversity targets. 

**Global Greengrants Fund – EDC Peru 2024** Support for Quinto Inuma Alvarado's family and legal case. 

**Global Greengrants Fund – EDC Columbia 2025** Charitable activities of OPDS Montes de Maria. 

## **Good Energies Foundation – Via YMKL 2024-26** 

Securing a Just Energy Transition and Emissions Reduction for Indigenous Peoples and Local Communities in Indonesia. 

## **High Conservation Values Network – PoM** 

Landscape and local efforts to protect biodiversity and secure livelihoods. **Hans Wilsdorf Foundation** 

Healthy Forests, Resilient Communities: Securing land rights and conservation in Liberia. **International Climate Initiative (IKI Full)** 

Transformative Pathways: Indigenous peoples and local communities leading and scaling up conservation and sustainable use of biodiversity. 

## **IWGIA – Indigenous Navigator 2022-25** 

Indigenous Navigator - towards full and effective recognition and realisation of Indigenous Peoples’ rights. 

## **The JJ Charitable Trust – Emergency Fund Peruvian Amazon** 

Emergency Fund to provide emergency support for 12 months for forest communities in the Peruvian Amazon. 

## **The JJ Charitable Trust – Kichwa radio in San Martin** 

Continue its Kichwa radio programmes in San Martin, Peru. 

## **Joseph Rowntree Charitable Trust (JRCT) - PBI 2023-5** 

Changing the dynamics of power and accountability by raising the voices of those on the front line of corporate abuse. 

## **Nia Tero Foundation - Global** 

Indigenous Peoples' Monitoring & Reporting on the Global Biodiversity Framework. 

## **Nia Tero Foundation – via APA** 

Protection/Preservation of Amazon basin through enhanced governance of Indigenous Peoples. 

## **Nia Tero Foundation – Access to Justice** 

Access to Justice for Indigenous Peoples in Guyana. 

## **Packard Foundation – Via YMKL 2024-26** 

Support for securing a just energy transition and emissions reduction for indigenous peoples and local communities in Indonesia. 

## **Rainforest Danida 2025-26** 

Indigenous-led Forest Protection in Critical Amazon Landscapes. 

page 34 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **11. RESTRICTED INCOME FUNDS (cont’d)** 

## **Rainforest Alliance – AFI 2025** 

Accountability Framework Initiative: participation in steering group, support development of Human Rights related content. 

**Rainforest Foundation US – Guyana** 

Support for the project “Protecting forests through protecting rights in Guyana”. **Rainforest Fund – Costa Rica** 

Support for the Indigenous Project for the Bribri of Saltire entitled: Defence of the Ancestral and Legal Rights of the Bribri People in Costa Rica 

## **Rainforest Trust - SRDC** 

Securing the effective conservation and management of approximately 3 million hectares of tropical forest in the Wapichan wiizi (territory), located in Southern Guyana. 

## **Reversing Environmental Degradation in Africa and Asia (REDAA) - The International Institute for Environment and Development (IIED)** 

Advancing recognition and implementation of indigenous peoples' rights to improve land and resource governance and reverse environmental degradation in Congo and DRC. 

**Resourcing Justice – CRIMA 2025-26** 

CRIMA/People of the Centre – agro-biodiversity conservation initiative and participation in UNFCCC COP30 October 2025. 

**Restricted Donation Wampis** 

Friends of the Earth Scotland contribution to Wampis leaders. 

**Re:wild Kawari Funds PNP 2024-25** 

Securing Indigenous Peoples’ Rights in Carbon Markets in Indonesia. 

**Re:wild Kawari Funds Carbon Market translations** 

Translation of carbon market animations. 

**Royal Anthropological Institute** 

Urgent Anthropology Fellowships. 

## **Rutu Foundation** 

FPP support to the Rutu Foundation for ILED Network Secretariat functions 2024. GAGGA-GAC “Women Leading Climate Action” | ILED small grants fund – Africa Region 2024-2025(ILED G-04). 

## **SAGE Fund – 2025-26 Indonesia via YKML** 

Assisting indigenous communities to protect their rights and livelihoods through the screening for High Carbon Stock and High Conservation Values. 

**SAGE Fund – 2024-25 Peru** 

Demanding accountability and respect for Indigenous Peoples' rights in carbon market-based conservation initiatives in San Martin, Peru. 

**SECO Kaleta Indonesia – (Swiss State Secretariat for Economic Affairs)** 

Strengthening And Scaling The Mosaic Initiative. 

## **Size of Herefordshire** 

Support for the protection of the rainforest and lands of the Wampis people in Peru. 

**Size of Wales – Kenya and Peru grants** 

Funding for three separate projects: Support for the Wapichan mapping project in Guyana; Securing Wampis territory, biodiversity and livelihoods in northern Peru: Securing Ogiek community lands, indigenous forest, knowledge and livelihoods, Cheptikale, Mt Elgon, Bungoma County, Kenya. 

page 35 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **11. RESTRICTED INCOME FUNDS (cont’d)** 

## **Sobrato Foundation** 

To support Indigenous peoples in Peru, Colombia, and Indonesia to secure new land titles and promote sustainable land and forest use. 

## **Souter Charitable Trust – Peru 2025** 

Peru Territorial Emergency Fund. 

## **SwedBio at the Stockholm Resilience Centre** 

Support for promoting diverse cultural values of biodiversity and ecosystem services so that strong and resilient communities have the capacity and authority to sustainably govern and use their lands and resources, improve their well-being and effectively engage in diverse knowledge platforms at all levels, based on self-determined development. 

## **Tenure facility via APA and SRDC** 

Securing and Enhancing Indigenous Land Tenure in Guyana (Phase II). 

## **The Swedish Postcode Lottery Foundation** 

Standing Up for Amazonian Territories of Life: Empowering Indigenous Peoples in the Peruvian and Colombian Amazon to secure and self-govern ancestral forests. 

**Wellspring Philanthropic Fund – Gender and 2022** 

Gender justice in indigenous and forest peoples’ land rights. 

## **Wellspring Philanthropic Fund – Zero Tolerance Initiative** 

For the Zero Tolerance Initiative to end violence, intimidation, and killing of Indigenous Peoples and other human rights defenders linked to global supply chains. 

## **World Wildlife Fund** 

Conservation Pathways: Conservation policy options to strengthen the recognition of IPs and LCs territorial governance and conservation outcomes. 

## **12. UNRESTRICTED FUNDS** 

|Balance at 1 January<br>Income for the year<br>Expenditure for the year<br>Balance at 31 December<br>Designated Funds<br>Non-designated Funds|2025<br>£<br>3,219,771<br>4,498,673<br>(1,689,399)|2024<br>£<br>3,146,434<br>1,457,144<br>(1,383,807)|
|---|---|---|
||6,029,045|3,219,771|
||-<br>6,029,045|-<br>3,219,771|
||6,029,045|3,219,771|



Unrestricted funds include accrued income of £1,500,000 from Hans Wilsdolf Foundation, £400,000 from Waterloo, £317,416 from OSF, £309,206 from Ford Build, £227,235 from Packard, £75,000 from Aesop and £60,000 from CHK Foundation, recognised under the provisions of the Charities SORP (FRS 102) which will be received over the next one to four years. 

page 36 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|Fund balances at 31 December 2025 are represented by:<br>Fixed Asset (Website)<br>Fixed Asset Investments<br>Current Assets<br>Current Liabilities<br>Fund balances at 31 December 2024 are represented by:<br>Fixed Asset Investments and Other Assets<br>Current Assets<br>Current Liabilities<br>Total Net Assets at 31 December 2025<br>Total Net Assets at 31 December 2024|Unrestricted<br>Funds<br>Restricted<br>Funds<br>£<br>£<br>35,690<br>-<br>1,007,876<br>-<br>5,095,248<br>2,067,119<br>(109,769)<br>(85,104)<br>6,029,045<br>1,982,015<br>Unrestricted<br>Funds<br>Restricted<br>Funds<br>£<br>£<br>530,598<br>-<br>2,749,043<br>2,736,800<br>(59,870)<br>(124,914)<br>3,219,771<br>2,611,886|Total Funds<br>£<br>35,690<br>1,007,876<br>7,162,367<br>(194,873)<br>8,011,060<br>Total Funds<br>£<br>530,598<br>5,485,843<br>(184,784)|
|---|---|---|
|||5,831,657|



## **14. RELATED PARTY TRANSACTIONS** 

Two Trustees (2024: two) provided consultancy services to the Charity. The nature of consultancy services included accountancy and legal support to the charity.  The total received was £21,463 (2024: £21,885). 

Nil in 2025, in 2024 the son of a Trustee provided administrative support in Q1 to the finance team worth £2,194 and the daughter of one member of the Programme Coordination Management Team (Key Management) provided catering and accommodation services worth £400. 

There were no other related party transactions to disclose. 

page 37 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **15. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES** 

|**Net income for the reporting period (as per the**<br>**statement of financial activities)**<br>_Adjustments for:_<br>Foreign Exchange Losses<br>Interest from bank & investments<br>Purchase of intangibles (Website)<br>Amortisation (Website)<br>(Increase) in debtors<br>Increase / (decrease) in creditors<br>**_Net cash provided by operating activities_**|2025<br>2024<br>£<br>£<br>2,179,403<br>70,078<br>41,176<br>58,421<br>(27,361)<br>(38,012)<br>(47,586)<br>-<br>11,896<br>-<br>(1,756,090)<br>(77,397)<br>10,089<br>(20,370)<br>411,527<br>(7,280)|
|---|---|



## **16. ANALYSIS OF CASH AND CASH EQUIVALENTS** 

||2025|2024|
|---|---|---|
||**£**|**£**|
|Cash at bank and in hand|3,147,991|3,227,557|
|Notice deposits (less than 3 months)|1,007,876|530,598|
|**Total cash and cash equivalents**|4,155,867|3,758,155|



## **17. RECONCILIATION OF NET DEBT** 

|At start of year<br>Cashflows<br>Transfer to Deposit Account<br>Foreign exchange movement<br>At end of year|**Cash at Bank**<br>**and in hand**<br>**Cash**<br>**Equivalents**<br>**Total**<br>3,227,557<br>530,598<br>3,758,155<br>421,609<br>17,279<br>438,888<br>(459,999)<br>459,999<br>-<br>(41,176)<br>-<br>(41,176)<br>3,147,991<br>1,007,876<br>4,155,867|
|---|---|



page 38 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **18. OPERATING LEASE COMMITMENTS** 

The following total operating lease payments for land, buildings and equipment are committed to be paid: 

|Within one year<br>Between two and five years|2025<br>2024<br>£<br>£<br>33,101<br>31,424<br>17,616<br>50,424<br>50,717<br>81,848|
|---|---|



page 39 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **19. STATEMENT OF FINANCIAL ACTIVITIES FOR PRIOR YEAR - 2024** 

|**Income from**<br>Charitable Activities<br>Donations<br>Bank Interest<br>**Total**<br>**Expenditure on**<br>Charitable Activities<br>Raising Funds<br>**Total**<br>**Net Income**<br>**Other recognised gains and losses**<br>Transfers between funds<br>**Net movement in funds**<br>**Reconciliation of Funds:**<br>**Total funds brought forward:**<br>**Total funds carried forward:**|2024<br>£<br>1,333,131<br>86,831<br>37,182<br>1,457,144<br>1,336,280<br>47,527<br>1,383,807<br>73,337<br>-<br>73,337<br>3,146,434<br>3,219,771<br>Unrestricted<br>Funds|2024<br>£<br>5,797,810<br>4,000<br>830<br>5,802,640<br>5,758,984<br>46,915<br>5,805,899<br>(3,259)<br>-<br>(3,259)<br>2,615,145<br>2,611,886<br>Restricted<br>Funds|2024<br>£<br>7,130,941<br>90,831<br>38,012<br>Total<br>Funds|
|---|---|---|---|
||||7,259,784<br>7,095,264<br>94,442|
||||7,189,706|
||||70,078<br>-<br>70,078<br>5,761,579|
||||5,831,657|



page 40 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **20. RESTRICTED INCOME FUNDS FOR PRIOR YEAR - 2024** 

|**20. RESTRICTED INCOME FUNDS FOR**|**PRIOR YEAR - 2024**|
|---|---|
|Allen & Overy Foundation<br>Arcadia - Environmental Governance Programme<br>Arcus Foundation - Cameroon<br>Arcus Foundation - Multi-country<br>Arcus Republic of Congo 2022-24<br>Arcus DRC 22-24<br>Arcus Cam 2022-24<br>Arcus Foundation - Global 2024-26<br>Arcus Foundation - Liberia 2023/25<br>The Ashden Trust<br>The Ashden Trust - Hiding Shadows<br>The Ashden Trust - Political Ecology<br>Aurora Trust - Alumni Network<br>Aurora Trust - Indonesia 2024<br>Aurora Trust - Shadow Companies<br>Aurora Trust - People’s Legal School Peru<br>Climate and Land Use Alliance (CLUA) 2021-25<br>Climate and Land Use Alliance (CLUA) - Peru & Colombia 2023-24<br>Climate and Land Use Alliance (CLUA) - 3rd Leadership Course 25<br>The Canada Fund for Local Initiatives<br>Climate Justice Resilience Fund - 2024 (COP29)<br>The Christensen Fund – Mosopisyek 2024<br>European Climate Foundation - ECF EU Advocacy 2023-24<br>European Climate Foundation - ECF EU Advocacy 2024-25<br>File Foundation - Global<br>File Foundation – 2023 & 2024-26<br>The Ford Foundation – Zero Tolerance Initiative<br>Freedom House<br>Front Line Defenders<br>Full Circle Foundation<br>Full Circle Foundation - Millipede Foundation<br>GIZ – Deutsche Gesellschaft für Internationale Zusammenarbeit<br>Global Greengrants Fund – EDC Peru 2024<br>Good Energies Foundation - SLRC<br>Good Energies Foundation - Global<br>Good Energies Foundation – Via YMKL 2024-26<br>High Conservation Values Network – PoM<br>International Climate Initiative (IKI Full)<br>IWGIA - Indigenous Navigator 2022-25<br>JJCT – Colombian Amazon Nɨpodɨmakɨ<br>JJCT – Emergency Fund Peruvian Amazon<br>JJCT – Kichwa radio in San Martin<br>Joseph Rowntree Charitable Trust (JRCT) - PBI 2023-5<br>Nia Tero Foundation - Global<br>Open Society Foundation (OSF) via SCPDA<br>Packard Foundation - Indonesia<br>Packard Foundation – Via YMKL 2024-26<br>Subtotal carried forward|b/f at<br>01.01.24<br>Income<br>Expenditure<br>Transfers in / (out)<br>c/f at<br>31.12.24<br>£<br>£<br>£<br>£<br>£<br>53,645<br>-<br>53,645<br>-<br>-<br>222,622<br>208,255<br>209,213<br>-<br>221,664<br>8,011<br>-<br>8,011<br>-<br>-<br>223,153<br>-<br>223,153<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>435,354<br>56,803<br>-<br>378,551<br>28,372<br>28,399<br>36,572<br>-<br>20,199<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>15,879<br>15,879<br>-<br>-<br>-<br>67,980<br>24,738<br>-<br>43,242<br>33,511<br>-<br>33,511<br>-<br>-<br>11,816<br>14,291<br>26,107<br>-<br>-<br>228,423<br>5,701<br>190,396<br>-<br>43,728<br>5,108<br>-<br>5,108<br>-<br>-<br>-<br>7,874<br>(126)<br>-<br>8,000<br>-<br>29,019<br>26,861<br>-<br>2,158<br>-<br>7,143<br>7,143<br>-<br>-<br>-<br>19,841<br>19,841<br>-<br>-<br>31,630<br>42,373<br>74,003<br>-<br>-<br>-<br>36,017<br>13,127<br>-<br>22,890<br>164,203<br>313,643<br>422,626<br>-<br>55,220<br>63,003<br>259,843<br>135,549<br>-<br>187,297<br>-<br>78,740<br>41,659<br>-<br>37,081<br>16,528<br>17,497<br>34,025<br>-<br>-<br>-<br>2,917<br>2,701<br>-<br>216<br>14,746<br>165,792<br>114,869<br>-<br>65,669<br>-<br>39,683<br>32,000<br>-<br>7,683<br>-<br>250,852<br>53,679<br>-<br>197,173<br>-<br>11,905<br>6,632<br>-<br>5,273<br>248,857<br>-<br>248,857<br>-<br>-<br>79,371<br>-<br>79,371<br>-<br>-<br>-<br>20,168<br>7,299<br>-<br>12,869<br>(1,285)<br>20,169<br>18,884<br>-<br>-<br>(61,029)<br>1,659,304<br>1,586,546<br>-<br>11,729<br>105,299<br>183,193<br>249,912<br>-<br>38,580<br>94<br>-<br>94<br>-<br>-<br>22,951<br>-<br>22,951<br>-<br>-<br>11,809<br>-<br>11,497<br>-<br>312<br>7,750<br>27,000<br>16,583<br>-<br>18,167<br>39,712<br>58,515<br>69,472<br>-<br>28,755<br>14,729<br>-<br>14,729<br>-<br>-<br>38,982<br>48<br>39,030<br>-<br>-<br>-<br>22,901<br>2,717<br>-<br>20,184|
||1,612,011<br>4,050,296<br>4,235,667<br>-<br>1,426,640|



page 41 



**FOREST PEOPLES PROGRAMME** 

**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025** 

## **20. RESTRICTED INCOME FUNDS 2024 (Cont.)** 

|Subtotal brought forward<br>Paul K. Feyerabend Foundation<br>Rainforest Fund – Costa Rica<br>Rainforest Foundation US – Guyana<br>REDAA - The International Institute for Environment and Development (IIED)<br>Royal Anthropological Institute<br>Restricted Donations - James Thornton<br>Rainforest Alliance – AFI 2024<br>ReWild Kawari Funds PNP 2024<br>ReWild Kawari Funds Carbon Market translations<br>Rutu Foundation<br>SAGE Fund – 2023 Indonesia via YKML<br>SAGE Fund - 2024 Peru<br>Sall Family Foundation 2022-23 Restricted<br>SECO Kaleta Indonesia – (Swiss State Secretariat for Economic Affairs)<br>Size of Herefordshire<br>Size of Wales - Kenya<br>SizeofWales Peru Rapid Res2024<br>Size of Wales Peru Match 2022<br>Size of Wales Peru Match 2023<br>Size of Wales Peru Match 2024<br>Sobrato Foundation<br>SwedBio at the Stockholm Resilience Centre<br>The Swedish Postcode Lottery Foundation<br>Synchronicity Global Foundation<br>Tenure facility via APA and SRDC<br>Waterloo Foundation<br>Wellspring Philanthropic Fund – Gender and 2022<br>WWellspring Philanthropic Fund – Zero Tolerance Initiative<br>World Wildlife Fund<br>**Grand total**|b/f at<br>01.01.24<br>Income<br>Expenditure<br>Transfers in / (out)<br>c/f at<br>31.12.24<br>1,612,011<br>4,050,296<br>4,235,667<br>-<br>1,426,640<br>-<br>749<br>749<br>-<br>-<br>1,982<br>38,917<br>40,899<br>-<br>-<br>-<br>27,380<br>27,380<br>-<br>-<br>-<br>500,000<br>202,176<br>-<br>297,824<br>21,554<br>-<br>15,672<br>-<br>5,882<br>-<br>-<br>-<br>-<br>-<br>-<br>12,698<br>12,698<br>-<br>-<br>-<br>12,603<br>11,911<br>-<br>692<br>-<br>8,661<br>1,010<br>-<br>7,651<br>-<br>14,166<br>10,242<br>-<br>3,924<br>5,544<br>1,181<br>6,725<br>-<br>-<br>-<br>25,197<br>21,389<br>-<br>3,808<br>-<br>-<br>-<br>-<br>-<br>13,633<br>78,621<br>84,372<br>-<br>7,882<br>463<br>4,000<br>4,463<br>-<br>-<br>5,000<br>15,000<br>20,000<br>-<br>-<br>-<br>5,000<br>5,000<br>-<br>-<br>952<br>-<br>952<br>-<br>-<br>2,440<br>-<br>2,440<br>-<br>-<br>-<br>26,000<br>26,000<br>-<br>-<br>407,128<br>-<br>315,866<br>-<br>91,262<br>-<br>271,599<br>262,515<br>-<br>9,084<br>-<br>504,042<br>(8,038)<br>-<br>512,080<br>-<br>3,000<br>3,000<br>-<br>-<br>-<br>73,243<br>57,828<br>-<br>15,415<br>47,416<br>-<br>47,416<br>-<br>-<br>245,430<br>16,998<br>202,725<br>-<br>59,703<br>201,743<br>3,289<br>93,565<br>-<br>111,467<br>49,849<br>110,000<br>101,277<br>-<br>58,572|
|---|---|
||2,615,145<br>5,802,640<br>5,805,899<br>-<br>2,611,886|



page 42 



**INCOME AND EXPENDITURE ACCOUNT For the year ended 31 December 2025** 

## **FOREST PEOPLES PROGRAMME** 

|**Income:**<br>Grants<br>Donations<br>Other Income<br>Bank Interest<br>**Expenditure:**<br>UK Salaries & Fees<br>Overseas Staff Fees<br>Consultants<br>Other Staff Costs<br>Travel and Project Monitoring<br>Translation, Publications and Research Documents<br>Equipment & IT<br>Indigenous Participation<br>Field Costs (incl transfers to Partners)<br>Workshops<br>Rent, Rates and Insurance<br>Light, Heat and Cleaning<br>Telephone and Communications<br>Communications and Visibility<br>Membership Subscriptions<br>Postage and Stationery<br>Depreciation<br>Sundry Expenses<br>Auditor's Remuneration<br>Bank Charges and Interest<br>Legal & Professional Fees<br>Foreign Exchange Losses/(Gains)<br>Fundraising Costs<br>**NET SURPLUS**|2025<br>£<br>9,496,312<br>33,912<br>3,058<br>27,361<br>9,560,643<br>1,960,516<br>878,807<br>302,019<br>78,135<br>320,536<br>155,388<br>110,838<br>428,972<br>2,770,331<br>103,358<br>61,834<br>7,701<br>8,226<br>23,108<br>9,954<br>3,520<br>11,896<br>26,514<br>43,383<br>31,190<br>3,540<br>41,176<br>298<br>7,381,240<br>2,179,403|2024<br>£<br>7,130,941<br>90,831<br>-<br>38,012|
|---|---|---|
|||7,259,784|
|||1,872,141<br>777,307<br>319,785<br>41,054<br>314,847<br>137,159<br>131,736<br>318,446<br>2,955,530<br>50,302<br>59,763<br>8,465<br>11,103<br>13,296<br>19,211<br>4,801<br>-<br>13,240<br>48,638<br>32,138<br>242<br>58,421<br>2,081|
|||7,189,706|
||||
|||70,078|



This page does not form part of the statutory accounts. 

page 43