Ctynpany Regirtration No. 04020388 IEn8land and Wales) Charity R¢8iStratlon No. 1085057 Trust for Sustalnable Llvlng (Company Ilmited by guarantee) Report of the trustees and flnanclal statements For the year ended 30 September 2023 Trust for Sustalnable Living (company limited by zuarantee) Company genernl Infom)atlon Directors Mrc G Felton Mrs M-P Lloyd DrBAMurrer Mrj Close Mr J Poole (Resigned on 6 February 20241 Mr T Heneveld Mrs P A Tomllnson Ms S M Jackson DrJ A Reed Johnson IAppointed on 19 September 20231 Mrs C Normand (Appointed 20 March 2022, Resigned 20 February 20231 5•nlor Exe¢utlve Personnel Executive Director Flnance Manager Mr K Hansen Mrs 5 Wooden Reglstered offlc• Hamp5tead Norreys Thatcham Berkshlre RG18 ryfN Company reglstratlon numb•r 04020388 tharlty re8lstratlon number 1085057 Audltors UHY Ross Brooke Sulte I Windrush Court Abin8don Business Park Oxfordshire OX14 ISY Bankers Natlonal Westmlnster Bank PIC Winthe5ter Old Bank 105 High Street Winchester Hampshire S023 9AW Trust for Sustslnable LIvF￿ (company limited by 8uarartee) Contents Page Report of the board of trustees Independent auditors, report 8-11 Consolldated statement of financial artivlties 12 Consolldated comparative ststement of financial activities 13 Balance sheet 14 Statement of cash ftow 15-16 Notes to the financial statements 17-32 Trust for Sustainable Li¥ii¥ (company limited by guarantee) Report of the board of trustees IdlrectOfS} For the year ended 30 September 2023 2023 Trustees Report The board of trustees, who are also dlrectors of the charity for the purposes of Company Law. submit their annual report and the audrted financial statements for the year ended 30 September 2023. These accounts have been prepared In accordance with the Ststsment of Recommended Practice ISORPI "Accounting and Reporting by Charities" rebrysed in 2019. relevant accountlng standards and the Companles Act 2006. Strurture. Govern4n¢e and Mana8ement Recrultment and Appolntment of Trustees Trust for Sustalnable Llvln& henceforth referred to as T5L was rè8lstÈred as a charty on 16 February 2(h)l. It Is Incorporated as a company limlted by guarantee. number04020388 at Companies House. The charlty Is governed by its memorandum and artlcles dated 20 June 2(MXI. The charlvs wholfy-owned tradlng subsldlary. The Llvlng Ralnfore5t Limited. henceforth referred to a5 TLR, Is a company limited by shares and registered as company number 02578937 at Companies House. A board of trustees of up to ten members administers the charity. The trustees who served durlng the period and up to the date of this report are set out below. Under the artlcles of associatlon one third of the tnJstees must retlre at each Annual General Meeting and being eligible they may offer themselves up for re.elertion by a vote of the members. Day-tctrday decisions about the operatlon of the charity are made by the management staff employed by the charlty. Strategic decislons are made by the board of trustees or its deslgnated repre5entatlve. Members of the charltable company guarantee an amount not exceedin8 £1 to the assets of the charltable company In the event of winding up. The total number of guarantees as at 30 September 2023 was 8 12022: 91. New trustees are actlvely recrulted in order to allow the Board to enhance its skills In relevant areas such as education, conseNation, communications. finance, furKlraisin& buslness, law and human resources development. and to replace out80in8 tnjstees. The Board regularly discusses Potential new trustees at its quarterly meetin85. Indurtion and tralnln8 of Trustees New trustees are briefed by the Chalr of the lknird of trustees or Executtve Dlrector on the background and activities of the chartty upon joining. Incoming tru5tee5 are also made aware of Charlty Commlssion suldellnes on the roles and responstbllitles of trustees. Remuneration of key mana8ement personnel Declslons relating to the pay and remuneration of the charity5 key management personnel li.e. Executive Dlree(or, Senlor Operatlons Manager and Finance Mana6er are made by the board of trustees or Its designated representotNe, taklng into account the remuneration rates in broad￿ equivalent P05itions in similar organisations. Page I Trust for s￿tainable LIVI￿ (company Ilmlted guardntee) Report of the board of trustees (dlrectors) contlnu For the year ended 30 September 2023 Day-to4ay management The t￿ard of trustees delegates the day-t<>day mana8ement of the charlty to its Executive Dlrector, Karl Hansen, who is supported In this task by the Flnance Mana8er, Sarah Wooden, and Senior Operatlons Manager. Rupert West. Board of trustees The members of the board of trustees dvring the period we￿. MrJD Eaose MrCG Felton Mr T Heneveld Miss S M Jackson Mrs M-P Lloyd Mrs C Nom)and (appointed 20 March 2022 and resi8ned 20 February 20231 DrBAMurrer Mr J S Poole Iresizned 6 February 202412 Mrs P A Tomllnson Dr J A Reid lappointed 19 September 20231 Related Partl TLR. the chariVs wholly-ovmed tradln8 subsidiary* provlde5 facllltles and operates the 81ft shop and café. Any dlstrlbutable proflts available are donated to the charity on an annual basis. ObJ•cllves •nd artl¥ltles Charitsble objects The objects for whlch the charity was established are: the educatlon of the publlc In relation to. and the promotlon of. the conservation of the world's ralnforests and other natural resources and specles. In support olthese objed5, TSL's vlslon Is a wodd in which everyone 15 educated and empowered to achleve a sustainable future. TSL currently focuses on two main, interlinked actlvlty areas leducatlon for sustainable development and The Ltving Rainforest visitor centrel to achieve 4 maln outcomes: Support delivery of the UN Sustainable Development Goals Connect wlth youth and the teachers and parents who support them Educate and empower Make sustainability relatable TSL works wlth a wlde fdnge of national and International or8ani5ation5 and initiatives In pursult of Its charitsble objettives. Nationally. these induded the A550ciation for Science and Dls¢overy Centres, 8riti5h and Irish Association of Zoos and Aquariums. Eco Attractions Group, University of Oxford, University of Reading and UK Space Agency, and international￿. the Global Youth Forum IKenyal, Ivey Business School (Canadal. Compass Education. Madagascar Fauna Group. Rlse la youth leadershlp Inltlative led by Schmidt Future5 and the Rhodes Trust). and other UNIESD linked initiatpies. Page 2 Trust for Sustainable LIVI￿ (company limlted ￿ guannteel Report of the board of trustees Idlrertors) contlnued For the year ended 30 Septefflber 2023 Publlc Benefft TSL operates for the educational and sustalnability benefit of societies around the world. Key aspects of publlc benefit Sn 202V23 Included: Enga8in8 Wlth 79,841 visitors12022: 71.4151 to The Livlng Rainforest- 274,993 website users 12022: 256,0421. and 38 volunteers {2022: 3SI. including re8ular volunteers. Interns and work experience students. En8a8in8 Wlth 2,436 children and teachers {2022: 2,117) from 65 countries12022: 591. who were actNely Involved In the Green Jobs themed TSL International Student Essay Competition and Debates. Video Competition. Educatlon Summlt and Mlssion Sustainability webinars and Mouldlng for Work sessions. Working with a wide ran8e of leading organlsatlon5 and InltiatNes, both national￿ and intemationally, to drlve long-tem global Improvements in Educatlon for Sustslnable Development IESOI. Promoting sustainable Ilvln& nature conservation and 5U5tsinable etommlc, soclal and envlronmental development in the UK and worldwide. hlevements and perforn)ance Hi8hli8hts over the year Included: 2023 marked the 30 annNersary of The LMn8 Ralnforest educational vishor centre In Hampstead Norreys, Berkshlre, UK. Slnce openlng In 1993, the centre has wekorned over 2 mllllon vlsltors Includlng over ￿K).CH￿l children on school trlps, to experlence a livlng ecosystem of troplcal ralnforest plants and animals. To help celebrate these first 30 years. TSL hosted a special receptlon at the UK Houses of Parliament in London wlth over 70 guests in attendance. including the Grand Prlze Winners of the last three TSL Intemational Student Essay Competltions 12021- Samantha Walker from South Africa. 2022- Dhruv Bhatt from Indla: and 2023 - Alexander Kameoka from Japan). Looklng ahead to the nexl 30 years. a major fundralsln8 campaign was announced to rebuild the rainforest centre by 2030. For the fourth consecutive year. The Livin8 Rainforest was nominated for"Best Geography Learning Experience" in the UK 2023 School Travel Awards. and was honoured to wln the top award for the second time. In September 2023. The Living Rainforest launched a new "Cllmate Change and Human Impacts" school tour. adding to its existing schools educatlon programme. T5L's Intematlonal Education for Sustainable Development artlvitles contlnued to 8row, with schools In 117 countrles havlng participated in the TSL International Student Competitions since they were first launched in 2011. As part of the 30 anniversary celebratlons, TSL hosted a special trip to the UK for its three most recent Grand Prize Winner Students. together wlth thelrTeacher Champions and parents. including visits to the Nature-Based Solutions Initiative, Universlty of Oxford. to learn more about the potential of nature-based solutions to addre55 multiple global challenges- Houses of Parliament. London; The Living Rainforest,. and the University of Readin& to learn more about their world4eading dimate research and sustalnabillty education programmes. Trust for Sustainable Lm￿ Icompany limtted by zuarantee) Report of the board of trustees (dirÈetors) continued For the year endèd 30 September 2023 In the Natwest 2023 Social Enterprise 100 Awards, TSL was ￿mEn1$ed as a Top 5 Climate Champion Finalist and runner up {Highly Commended) awardee. Kty artlvltles During the period, the key activitles of the charlty Included: The Lmng Ralnlorest edu¢atlonal vlsltor centrn The Living Rainforest centre in Hampstead Norreys, Berkshire offer5 a unlque and inspiring educatlonal space in which to appreciate the biological diversity of the world's tropical rainforests and explore the Ilnks between plant5, animals, people and sustainable Ilvln8. Visitor numbers to The Lfving Rainforest contlnued to recover postlovld, Increaslng by over 8,400 lor around 12%1 across two maln audlences. the general publlc lup from 55,015 to 61,202} and School trips lup from 16.4(M) to 18,639). The hlgher ¥lsltor numbers ena￿￿ed revenues- and the charit¢s overall flnancial situation- to improve si8nlficantly compared with the previous flnancial year. Overall. the charlty a¢h￿Ved a small net surplus, which was a cause for celebration given the continuin8 economic challenges faced by most UK visltor attractions including museums. science centres, zoos and botanic 8ardens, The F15herfs Turacos, Trlnldad Stream Fro8s, Roul-roul Partrldges and Ralnbow Fish in The Llvln8 Rainforest glass1￿￿se5 all mana8ed to breed successfvlly and ￿rne of Ouf rarest orchids flov￿red, includlng Stanhopeas and Gongoras. Key infrastructure Improvements over the year included new thermal and shadlng screens in the Amazonlca 8la55house, an upgraded iguana and water monltor enclosure in the Small Islands 81asshouse. and a new Chan8in8 Places toilet facillties in the Entrance Walkway. Over the course of the year. the charlty benefited from the active Involvement of 3812022: 351 regular volunteers who assisted in areas includlng plant and animal care. educatlon and events, PR, slte maintenance, management and administration. Educatlon for Surtalnable Developrnent The 2023 Essay Competltlon on Green Jobs attracted 1,215 essay entries12022: 1.122) from 65 countrles12022: 591. An international Judging panel awarded essay prizes in two age categoriès - primary lage 7-111 and secondary lage 12-181. The Grand Prlze was awarded to Alexander Kameoka, secondary school student from Fukuoka International School, Japan. A complete Ilst of winners is available on the TSL webslte, together with links to the top priitrwinning entrie5. For the third year In a row. the Student Debates and Education Summit took place entlrely onllne to support the broadest Possible participation of schools from around the world. The 13th Annual Debates18-9 June 20231 brought together 65 debating students12022: 691 from 32 countries12022: 311 and a Zoom audlence of 588 people across the 2 days. The Green Jobs Education Summit attracted 18S participants across three separate V￿bInars.I1> "Empowering educators in E5D". bringing together educators from Seychelles, Phillpplnes and Nigeria wlth education leaders from un￿eTsIty College London, University of Reading and American School Trust for Sustainable Li¥lTra (company Ilmlted by zuarantee) Report of the board of trurtees Idlrertorsl contlnued For the year ended 30 Septem￿1 2023 Dubai; 121 "Organisations creating opportunities for youth to en8a8e in 8reen ski515", featurlng Global Youth Forum (Kenya) and Youth Environmental sep11￿ IUKI and131 "Finding an(i securing green jobs", wlth the Jobs with Porwi5e IUKI green jobs portal. Thi5 yearf5 T5L Sustslnabllity Challenee video competition, focused on 'My Local Sustainability Challenges.. received 85 video entrie5 from 19 countries and. durlng the public online votin8 process, received 15,834 social media engagements. Working With ZooLab, we co-hosted a Ilve 'M155ion Sustainability4 weblnar. featuring the top video entries and exploring dlfferent sustainability challenge5 beSn8 faced around the world and how they are belng addressed locally, with featured guest speakers includin8 Anthea Lawrence ISeychelles}. Ingrid Henrys (Gambia) and Lynne MacTav15h {South Africa). Working with ASDC and the UK Space A4enry. we developed a "Rainforests from Space" education projert to be delivered at The Living RainfO￿5t from Summer 2023 to Dec 2024. The project features new educational artivities and equipment to help visitors explore how satellites can be used to help protett rainforests and monitor 8lobal cllmate and sustainabiltty data. Worklng wlth Compass Education ICE), TSL hosted the first UK-based. In-person Level I CE educators workshop, Teathinq & Leorninq for c Su5talnable World.. A System Thinking Approcch, whlch was attended by 7 primary and secondary educators from Chester. Devon and eerkshlre. We partnered with Global Youth Forum on a 6-month pllot èducatlon pro8ramme called Mouldln8 4 Work, aimed at SUPF)Ortin8 young people in Africa to develop employabllty skSlls and support the achlevement of the UN SDGS. TSL led workshops on goal settlng. effective communication, and job seeking and intervlew skills. 15 students participated in the pilot study with 4 of them se¢urlng unpald Internshlp5 wlth TSLto create educatlonal content foryouth on different sustalnablllty theme5 including gender equality and sustalnable agrfculture. TSL was also named a global partner ofthe Rlse Pro8ramme and received partnerfvndln8 from Schmldt Fulures to support the promotion of the Rise YoLrth Challen8e launched In September 2023. Specl•l Thanks The Trustees wish to record their appreclatlon to the staff and volunteer5, wh05e passlon and dedlcatlon to the work of TSL and the Living Rainforest is warmly feco8nised. We also wlsh to thank our annual members and other donors who agreed to gift aid which enabled us to benefit from £88,36412022.. £72,821) in charTtable tax reclaims. We also wish to record our gratltude to Greenham Trust. Gerald Palmer Eling Foundation, ASDC Our World from Space. Schmidt Futures, Alfa Chemlcals, Skycares and The L3n8ley Academy for their generous donation5. The Trustees would also like to thank the followlng or8anSsations and indiNryduals for their generous support in providing pro bono professional 5UPPOrt over the course of the year- Lewis Foundation Idesignl, Virginia Monahan Imarketingl, Tom Randell IPRI. Kerry Taylor {rnarketin81. Hans lor 2023124 Our key plans include.. Beglnnlng the redesign joumey for The Living Rainforest 2.0 vlsitor centre Completing the new Stream Exhibit in Amaionica glasshouse Partnering With ITN Buslness to create video content around COP28 Tn4St for S￿￿Inable UV1￿ {￿MPanY Ilrnlted by guarantee) Report of the board of trustees {dlrectors) contlnued For the year ended 30 Sept•mber 2023 Annual Flnanclal Revlew Our total re5er¥es as at 30 September 2023 were £283,17712022: £274,449) and of these funds £19,430 (2022- £19,430) were restricted fvnds. Despite the contlnulng etonomic challen8es across the UK, we saw a recovery In the overall financial performance of the charity in 2022-23. However. we need to remain vigilant and work to rebulld reserves. F￿¢ re5er¥es policy The board of Trustees reviews the reSer￿S policy on an annual ba515. The long-temi pollcy Ss that current free reserves funrestricted current assets less unrestricted current creditors15hould be sufficient to cover 3 months, nornal operatin8 expendlture for the group1£225,0001, plus an addltlonal IO% contin8ency to cover general fluctuatlons in expendlture, totalling £247.500 of current free reserves. In the short to medium temi Ilto 3 years). it was not possible to secure that level of reserves so the aim wasto cover I month of operatin8 costs plus an addltional IO% contlngency to cover 8eneral fluctuatlons in expenditure, totalllng £83,(XKI of current free reserves. As at 30th September 2023. the unrestrlrted reserves were £263,747 12022: £260.0191, however the current free reserves remalned In deficit. At year*nd, our free reseNes V￿re insufficient to meet 1.5 months of operating expenditure and therefore fell below target, but our overall bank balance remalned posltlve at the end of the flnancial year. Trldlns subsldl•ry The actlvltles of the Trust's wholly-owned tradlng subsldlary, The Llvln8 Rainforest Ltd. are Integral to the delivery of key aspects of the Trust for Sustsinable Livin¢s activities. including.. the current leasehol(i of the tiving Ralnforest visitor centre: the shop and café funrtions which are important asperts of the overall vlsltor experience, and the sharing of staff resource auoss both entities. While thè Trustees belleve that the parent charty would In fact be worse off financially without these important subsidiary functions, the charity will continue to strNe to generate proffts In Its tradin8 subsidiary. Prln¢lpal rlsks and uncwtalniles The board of trustees has consldered a risk ￿giSter to review the major risks facing the charity and Is Satisfied that systems have been established to mitlgate those risks. Top risk5 identified In the rlsk regtster Included., financing. bulldlng Infrastructure and weather condltlons. Key fartor5 affecting future financlal perf0rrnan￿ indude the need for: resilience planning to help withstand on-going economic and environmental uncertainties regular repair and renewal of aglng Infrastrurturethrou8h stratew'c reinvestment developlng new income streams and fundraising for future developmerrts Page 6 Trust for Sustainable Living (company Ilmlted by guarantee) Report of the board ol tr￿te*S {dlrectors} contlnued For th• year ended 30 September 2023 Publ1¢ Benefrt The Trustees confirm that they have complled wlth the duty in Section 17151 ol the 2011 Charities Act to have due regard to public benefit guidance published by the Charity Commission. Rwponslbllltles ol the board of trustees The board of trustees are re5pon51ble for preparfr4thelr report and the financial ststements in accordance with applicable law and regulatlons. Company law requires the board of trustees to prepare financlal statements for each flnancial year whlch glve a true and falr vlew of the state of the affairs of the charitable company and the group as at the balance sheet date and of the irKomin8 resources and application of resources, including Income and expenditure, of the group for the financlal year. In preparin8 those financial ststements, the board of trustees are required too: select suitable accounting pollcSes and then appty them conslstently: make Judgements ènd estimates that are reasonable and prudent; prepare the flnanclal statements on the going concern basis unless It Is Inapproprlate to presume that the company wlll contlnue on that basls. The board of trustees is responsible for maintaining proper accountlng records whlch dlsc105e with reasonable accurary at any tlme the financlal position of the charltable company and to enable them to ensure that the financial ststements comply with the Companie5 Art 21x6. The board of trustees is also responsible for safe8uardin8 the assets of the charitable company and the group and hence for taklng reasonable steps for the prevention and detertion of fraud and other Irre8ularities. Statement of dlxlosure to audlllxs So far as the trustees are aware. there is no relevant audit information of which the companvs audltors are unaware. Additlonalfy, the trustees have taken all the necessary steps that they ought to have taken in order to make themselves aware of all relevant audit infomiation and to establish that the ¢ompanWs auditors are aware of that information. Audltors Ross Brooke Llmlted have expressed their willingness to be re-appointed as auditors of the charlty. This report has been prepared in accordance with the provisions applicable to companies entltled to the small companles, exemption. Approved by the board of trustees on and signed on its behalf by: Barry Murrer Director Page 7 Trust for Sustalnable Uvln8 Icompany Ilmlted ty guarantee) Independent audltors report to the memb•rs For the year ended 30 September 2023 Oplnlon We have audited the finanoal statements of Trust for Sustainable Living Ithe 'parent charttsble companrf} and Its subsidiary (the 'group'l for the year ended 30 September 2023 whith comprise the consolidated statement of financlal actl7Aties. balance sheets. ststement of cash flow and notes to the financial Statements, Includin8 a summary of si8nificant accounting policies. The financlal reportlng framework that has been applled In their preparation is applicable law and Unlted Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reportin8 Stsndard appllcable in the UK and Republic of Ireland Iunited Kingdom Generalty Accepted Accounting Practicel. In our opinion the financial statements: Ive a true and fair view of the state of the affalrs of the group and the Pa￿nt charrtable company as at 30 September 2023 and of the group's incoming resources and appllcatbn of resources. Including its income and expenditure. for the year then ended; have been property prepared in accordance with Unlted Klngdom Generally Accepted Accountln8 Practice,. and have been p￿Pared in accordance wlth the requlrements of the Companies Act 2006, B451s for oplnlon We condurted our audit In accordance with International Stsndards on Audltln8 IUKI IISA5 IUKII and appllcable law. Our responslbilltie5 Under those standards are furtheT described In the Audltorfs responslbillties for the audbt of the financial statements section of our report. We are independent of the group and the parent charitable company In accordance with the ethical requirements that are relevant to our audtt of the financlal ststernents in the UK, includin8 the FRCS Ethical Standard. and we have fulfilled our other ethical responslblllties in accordance with these requirement5. We belleve that the audlt evlden¢e we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu51ons relatlns to qolng con¢•rn In audltlng the flnanclal statements. we have concluded that the trustees. use of the going concem basls of accounting in the preparatlon of the financial statements is approprlate. Based on the work we have perfomed. we have not identified any material uncertainties relating to events or condbtlons thal individually or collectN*ely, may cast Significant doubt on the charftable company's ablllty to continue as a going concern for a period of at least tWe￿e months from when the flnan¢lal statements are authorised for issue. Our responsibilities and the respon5ibilrtie5 of the trustees with ￿SpeCt to goi￿& concern are descrlbed In the relevant sectlons of thls report. Other inforniation The other infomation compriso the infomation included in the Trustees, Annual ReporL other than the financlal statements and our auditorfs report thereon.The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not ¢over the other infomation and, except to the extent othepwise explKitly statsd in our report, we do not express any fomi of assurance conclusion thereon. Tfust for Su51ainable LIVI￿ (company Ilmited byguaRnteel Independent audltors report to members For the year ended 30 Septemb•r 2023 Our responslbility is to read the other infomiation and, in doin8 so, consider whether the other information is materially incon51Stent wlth the financial ststements orour knowledge obtained In the course of the audit or otherwlse appears to be Material￿ misstated. If we Identlfy such material incon515tencies or apparent material mi55tatements, we are required to determine whether this 8rves rise to a material mlsststement in the financial statements themselves. If, based on the work we have performed, we conclude that there Is a material misstatement of this Other Informatlon, we are requlred to report that fact. We have nothing to report in this re8ard. Oplnlon$ on other matters preKribed by the Ctympanles Act 2006 In our opinlon, based on the work undertaken in the course of the aud￿.. the informatlon glven in the Trusteeg Annual Report which includes the Directors, Report for the flnanclal year for which the financial rtatements are prepared is con515tent with the flnanclal 5tatements,' and the Trustees, Annual Report whlch Includes the Directors. Report have been prepared in accordance with applicable legal requirements. Matters on whlch we Jre requlred to report by exceptlon In the light of the knowledge and understandin8 of the group and the parent charitable company and Its environment obtalned In the course of the audtt. we have not Identified materlal mlsstatements In the Trustees, Annual Report. We have nothlng to report In respect of the following matters where the Companles Act 2C*J6 requ1￿ us to ieport to you if, in our opinion- the group or parent charltsble company has not kept adequate and sufficlent accountlng records. or returns adequate for our audit have not been rece￿ed from branches not visited by us,. or the parent charltable company flnancial statements are not in a8reement wlth the accounting records and returns; or certain disclosures of trustees, rernUnernt￿n specified by law are not made: or we have not receNed all the infomatlon and explanations we requlre for our audlt: or the trustee5 We￿ not enthled to prepare the financial statements in accordance with the small companSes' regime and take advanta8e of the small companles, exemptions. Responslbllltles of trustees As explained more ful￿ in the Statement of Trustee< Responsibilities set out on page 7, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparatlon of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 15 necessary to enable the preparation of the financial statement5 that are free from material mlsstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the group'5 and parent charltable companVs ability to continue as a going ￿ncern. disclosin& as appllcable. matters related to going concern and using the goin8 concern basis of accounting unless the trustees either intend to liquidate the group or the parent charltable company or to cease opèrations. or have no reallstic alternative but to do so. Pa8e9 Trust for Sustsinable LIVI￿ {company lirnited ty0￿rantee1 Independent audltors report to the members For the year ended 30 September 2023 Audltorf5 responslbllltles for the lu￿1t of the Ilnanclal stalements We have been appointed auditor under the Companies Act 2CN)6 and report In accordance with this Act. Our objectlves are to obtain reasonable assurance about whether the flnanclal statements as a whole are free from material misstatement. whether due to fraud or error, and to i55ue an auditorf5 report that Includes our opinion. Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted In accordance wlth ISAS IUK) will always detect a material misstatement when It ex15ts. Misstatements can arise from fraud or error and afe considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic declsions of users taken on the basis of these financial statements. Irre8ularitles, Includin8 fraud. are instances of non 164,988 13.543 746,701 55,538 1.078.904 86,782 DSsposals 30 Seplember 2013 5,546 179,369 178,531 802,239 1,165,686 Net b¢x)k values 30 September 2023 55,492 120.997 225.695 402.183 30 September 2022 49.414 129,313 269,328 448,055 Page 26 Trust far Sustalnable Livi￿% (company limited by wanntee) Notes to the financial ststements {contlnued} For the year ended 30 September 2013 io. Intsn8lble fixed assets: Group Website Totsl Cost l October 2022 Additions 35.682 35.682 30 September 2023 35,682 35,682 Oepreclatlon l Ortober 2022 Char8e for the year 8,534 3.S69 8,534 3.569 30 September 2023 12,103 12,103 Net 1X￿k values 30 September 2023 23,579 23,579 30 September 2022 27,148 27,148 Intsnllble fixed assets: Charlty Webslte Total l October 2022 Addltlons 34,123 34,123 30 September 2023 34,123 34,123 Depreclatlon l October 2022 Charge for the year 7,858 3.413 7,858 3.413 30 September 2023 11,271 11,271 Net book values 30 September 2023 22,852 22,852 30 September 2022 26,265 26,265 P¥e 27 Trust for Sustalnable Llvk¥ (company Ilmlted by guarantee) Notes to the flnandal ststements Icontlnued For the year ended 30 September 2023 ii. Invesimerrts Investment in subsidiary 100 Net book value at 30 September 2023 and 30 September 2022 Details of the investment are shown in r)ote 3. 12. Debtors Group 2023 Charlty 2023 2022 Trade debtors Prepayments Other debtors Amount due from subsidiary 8,961 25,234 5,676 17,475 21,193 30.586 8,961 25,135 5,676 93,618 17.475 20.807 28,666 79,427 39.871 69,254 133,390 146,375 13. Credltors: amounts falllryg due wlthln one year Group Charlty 2023 2022 2022 Bank loans and overdrafts Trade creditors Other taxes and soclal securlty Other credltors Hire purchase 26.867 41,180 19.099 66,147 12.352 50,896 158.270 1,925 40.150 16,867 32,375 18,166 66.271 12352 22,274 136.580 1,331 30.229 165,645 251,241 133,679 190,414 The bank loan and overdraft is secured on the assets of TSL. Page 28 Trust for Sustalnable Llvlng Icornpany Ilmlted by 8uarantee) Notes to the financlal statements {contlnued) For the year ended 30 September 2023 14. Creditors: amounts falllng due after more than one year Group 2023 Charity 2022 2023 2022 Bank loan 79.476 103,fy)S 62.082 75,791 Hire Purchase 19,059 19,059 98.535 103,(KlS 81.141 75.791 A loan for £175,OLX) was taken out In settlement of the EU Ilablllty durlng March 2014, orlglnally the loan had beèn for £190,(￿ In March 2012. this Is secured on the property operated by the group and its associated assets. The repayment date of the loan Is 11 Aprll 2027. In FY21, the Llvln8 Ralnforest received a bounce back loan for £ 50,rxio. thls Is a 6 year loan, no repayments were due In the flrst 12 month5. Interest is char8ed at a rate of 2.5 %. The first repayment was in June 2021. Operat1￿ lease ¢ommliments Lessee At the reportlng end date the charity had outstanding commitments for future mlnimum lease payments under non-cancellable operatlns leases. a5 follows: 2023 2022 Less than l year 1-5years More than 5 years 25,921 56,382 25,0 28,126 77,303 30,CbJO 107.303 135.429 16. Transa¢tlons wtth tntst•es No trustees have been paid any remuneration or recelved any other benefits from employment with the Charity or a related entity. 17. Related paity transactlons As the year4nd The Living Rainforest knmited ¢)wed The Trust forSu5tainable Livirq £93,61812022: £79.4261. During the yearTrust for Sustainable Living re¢ognised costs totalling £ 75012022.. £7501 from Eco Attractions Group knmtted, a company K Hansen Is a director of. No amounts were outstanding at theyearend. TNst for Sustalnable Ll¥in8 (Company limited by guarantee) Notes to the flnanclal ststernents Icontlnued) For the year ended 30 September 2023 At the year-end there was a balance held on behalf of the Charity by Gardner Leader LLP, a limited liability partnership C Felton Is a Partner of totalling £ 55112022.. £551}- During the year Trust for Sustsinable Llving ￿0gnIsed costs totslling £ 8312022.. £ 1281 from Klara Hansen. the daughter of Karl Hansen. At the year*nd there was £ nil due from ￿ar3 Hansen. ReseNes As noted in the accounting policies, Trust for Sustalnable Living ITSLI has taken advantage of Section 408 of the Companles Act 2LM)6 from the requirement to present a company income and expenditure account. The net incomin8 resources forTSL for the year were £7,80612022.' out8oln8 £112,407). 19. Control The company Is controlled by the board of trustees. 20. Analysls of net assets between funds R•strf¢ted Unie5trlcted Funth Funds Totsl Funds Tanglble and Intanglble fixed assets Current assets Credltors 53.269 45.110 178,949) 395.776 53.202 1185,231) 449,045 98,312 1264,1801 At 30 September 2023 19,430 263,747 283,177 21. Grnup net fvnd5 movement summary ftestrlcted Unrestrlrted Funds Funds Total Funds As at l October 2022 Income Expenditure Transfer between funds 19,430 260.019 1,204,102 (1.200.374) 279,449 1.204.102 11.2CKI,3741 As at 30 September 2023 19.430 263,747 283,177