Company Registratlon No. 04020388 (England and Wales) Char5ty Registration No. 1085057 Trust for Sustainable Llving (Company Ilmited by guarantee) Report of the trustees and flnancial statements For the year ended 30 September 2024
Trust for Sustainable Living (company limited by guarantee) Company general information Directors Mr J Close Mr C G Felton Mr T Heneveld Ms S M Jackson Mrs M-P Lloyd Dr B A Murrer Mr J Poole (Resigned on 6 February 2024) Mr T C Randell (Appointed 24 April 2025) Dr J A Reed Johnson Mrs P A Tomlinson Senlor Execut5ve Personnel Executlve Dlrector Firbance Manager Mr K Hansen Mrs S Wooden Reglstered office Hampstead Norreys Thatcham Berkshire RG18 OTN Company reglstratlon number 04020388 Charlty reglstratlon number 1085057 Audltors UHY Ross Brooke Suite I Wlndrush Court Abingdon Business Park Oxfordshire OX14 ISY Bankers National Westminster Bank PIC Winchester Old Bank 105 High Street Winchester Hampshire S023 9AW
Trust for Sustainable Livlng (company limited by guarantee) Contents Page Report of the board of trustees Independent auditors, report 8-11 Consolidated statement of financlal artivltles 12 Consolidated comparative statement of financial activities 13 Balance sheet 14 Statement of cash flow 15 Note5 to the financial statements 16-30
Trust for Sustainable Llving (company limlted by guarantee) Report of the board of trustees (dlrectors) For the year ended 30 Septsmber 2024 2024 Trustees Report The board of trustees, who are also directors of the charity forthe purposes of Company Law. submit their annual report and the audited financlal statements for the year ended 30 September 2024. These accounts have been prepared In accordance wlth the Statement of Recommended Practlce ISORP) "Accounting and Reporting by Charities" revised in 2019, relevant accounting standards and the Companies Act 2006. Strurture. Governance and Management Recrultment and Appointment of Trustees Trust forsustainable Living, henceforth referred to asTSL, was reglstered as a charlty on 16 February2001. It Is Incorporated as a company limited byguarantee, number 04020388 at Companies House. The charity Is governed by Its memorandum and artlcles dated 20 June 2000. The charitvs wholly-owned tradlng subsidiary, The LlvSng Ralnforest Limited, henceforth referred to as 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 seNed during the period and up to the date of this reFX>rt are set out below. Under the artlcles of assoclatlon one third of the trustees must retire at each Annual General Meeting and being eligible they may offer themselves up for re-election by a vote of the members. Day-to-day declslons about the operation of the charity are made by the management staff employed by the charity. Strategic decisions are made by the board of trustees or its deslgnated representatlve. Members of the charitable company guarantee an amount not exceedlng £1 to the assets of the charltable company in the event of wlndlng up. The total number of 8uarantee5 as at 30 September 2024 was 8 (2023: 9). New trustees are actively recruited in order to allow the Board to enhance or maintain its skills In relevant areas such as educatlon. conservation, communications, finance, fundraisinE, business, law and human resources development. The Board regularly discusses potential new trustees at its quarterlv meetings. Induction and training of Trustees New trustees are briefed by the Chair of the board of trustees or Executive Director on the background and actlvltles of the charity upon joining. Incoming trustees are also made aware of Charity Commission guidelines on the roles and responsibilities of trustees. Remuneration of key management personnel Decisions relating to the pay and remuneration of the charit5 key management personnel {i.e. Executive Director, Senior Operations Manager and Finance Manager are made by the board of trustees or its designated representative. taklng Into account the remuneration rates in broadly equivalent positions in similar organisations. Page I
Trust for Sustainable Livlng (company Ilmlted by guarantee) Report of the board of trustee5 (directors) contlnued For the year ended 30 September 2024 Day-to-day management The board of trustees delegates the day-to-day management of the charity to its Executive Dlrector, Karl Hansen, who is SUPPOrted in this task by the Finance Manager, Sarah Wooden. and Senior Operatlons Manager, Rupert West. Board of trustees The members of the board of trustees during the period were: MrJDEClose Mr C G Felton Mr T Heneveld Miss S M Jackson Mrs M-P Lloyd Dr B A Murrer Mr J S Poole (resigned 6 February 2024) Mrs P A Tomlinson Dr J A Reed Johnson Related Partles TLR, the charltls wholly-owned trading subsidiary, provldes facilities and operates the gift shop and café. Any distributable proflts available are donated to the charity on an annual basis. Objectives and actlvltles Charitable objects The objects for whlch the charity was established are: the educatlon of the publlc in relation to, and the promotion of, the conservation of the world's rainforests and other natural resources and specles. In support of these object5, TSL'S vision is a world in which everyone is educated and empowered to achieve a sustalnable future. TSL currently focuses on two maln, interlinked actlvlty areas {educatlon for sustainable development and The Living Ralnforest visitor centrel to achieve 4 main outcomes: Support delivery of the UN Sustalnable Development Goals Connect with youth and the teachers and parent5 who support them Educate and empower Make sustalnability relatable TSL works With a wide range of national and international organisations and inltlatives in pursuit of its objectlves. Nationally, these Included the Association for scien and Dlscovery Centres, Brltish and Irish Association of Z005 and Aquariums, Eco Attractlons Group, Pollinating London Together, UK Space Agency, Universlty of Oxford and University of Reading, and Internationally, Botanic Gardens Conservatlon International, Central European University MESPOM programme, Compass Education, European Space Agency, Global Youth Forum, Madagascar Fauna Group, Rise (a youth leadership initiative led by Schmidt Futures and the Rhodes Trust) and UNDP Accelerator Labs. Page 2
Trust for Sustsinable L5vin8 (company Ilmlted by guarantee) Report of the board of trustees (dlrectors) contlnued For the year ended 30 September 2024 Public Benefit TSL operates for the educational and sustainability benefit of societies around the world. Key aspects of publlc benefit in 2023/24 included: Engaging with 78,071 visitors12023: 79,8411 to The Livlng Ralnfore5t; 361,386 webslte users (2023: 274,993); and 38 volunteers (2023: 38), including regular volunteers, interns and work experience students. Engaging with 2,572 children and teachers12023: 2,4361 from 68 countries (2023". 65), who were actively involved in the Nature Based Solutions themed TSL Internatlonal Student Competitlons and other online events. Working with a wide range of leading organisations and InltlatSves, both natlonally and Internatlonally, to drive long-term improvements in Education for Sustainable Development. Promoting Sustainable livin& nature conservation and sustainable economic. social and envlronmental development in the UK and worldwide. Achlevements and perfomiance Hlghllghts over the year Included: For the fifth consecutive year. The Livlng Rainforest was nominated for"Best Geography Learning Experience" In the UK 2024 School Travel Awards, and honoured to win the top award for the third tlme in five years. For the first time, The Livin8 Rainforest was also nominated in the "Best Wlldllfe Attractlon" category. The Living Rainforest's new school tour on Climate Change has proved popular with visiting schools. TSL'S international Educatlon for Sustalnable Development actlvltles contlnued to grow, wlth schools in 120 countries having participated In the TSL Internatlonal Student CompetStSons since they were flrst launched in 2011. TSL began the redesign journey for The Livin8 Rainforest 2.0, aimed at helping to rebuild the charity5 award-winning educatlonal vlsltor centre and secure the next 30 years of operations. Key actlvltle5 Durlng the period, the key charity activities included: The L5vln8 Rainforest educatlonal vlsltor centre The Living Rainforest centre In Hampstead Norreys, Berkshlre offers a unique and inspiring educational space in which to appreciate the biological diversity of the world's tropital rainforests and explore the links between plants, animals. people and sustainable Ilving. VisStor numbers to The Living Rainforest generally held steady across two main audience categories, general public visitors at 60,963 (2023- 61,202} and school trip visitors at 17,108 (2023: 18,639}. In terms of new rainforest exhibits at the centre, the highlights included a new Stream Exhibit in Amazonica glasshouse, featuring free-ranging Trinidad Stream Frogs Imannophryne trinitatis), and an expansion of the range of orchids on dlsplay, thanks to a major donation from our lon8tlme partner, Writhlington School in Somerset. Page 3
Trust for Sustainable Living (company Ilmlted by guarantee) Report of the board of trustees {dlrectors) continued For the year ended 30 September 2024 Worklng wlth the Association of Science and Discovery Centres and the UK Space Agency, oureducation team developed a "Rainforests from Space" public engagement programme at The Living Rainforest, featuring educational activities and equipment to help visltors explore how satellites can be used to support ralnforest conservation and monitor global climate and sustainability data. The charlty launched a new Sustainability Awayday programme and hosted awayday5 at The Llvlng Rainforest and TSL for the newly-launched Oxford Next Horizons senior executive leadership programme, and groups based at the Rhodes Trust, Oxford Universlty. Key infrastructure improvements included a replacement wood chlp boller and the completion of final alterations to our new Changlng Places toilet facilities. Over the course of the year, the charity benefited from the active involvement of 3812023.. 38) regular volunteers who assisted In areas Includlng plant and animal care, education and events, PR, Site maintenance, management and administration. Looking to the future, we took the first steps In the TLR 2.0 redesSgn process by appointing a pro bono team of reglonally based design experts including Ayre Chamberlain Gaunt {archltects), Rldge (built environment consultancy), Jubb {en8lneerln8 consultancy} and Harmattan Renewables (energy consultancy), Educatlon for Sustalnable Development The TSL 2024 International Student Competition on Nature Based Solutions attracted 1,594 essay entries12023: 1,2151 from 64 countrles12023: 65). An International judging panel awarded prizes in two age categorles- primary (age 7-11) and secondary (age 12-18). The Grand Prlze was awarded to Naomi Iris Dolatre, a secondary school student from St Michael's College of Lagun3, Philippine5. A complete Ilst of winners is available on the TSL webslte, together with Ilnks to the top prlze-winning entries, For the fourth year in a row, the Student Debates took place entirely online to support the broadest posslble participation of students worldwide. The 14th Annual Debates117-18 July 2024) brought together 55 debating students {2023: 651 from 34 countries {2023: 321 to explore the topic of nature- based vs technolobry-based solutions. Inspired by the award-winning documentary film, For Tomorrow, TSL hosted a webinar in July 2024 entitled Students For Tomorrow, working in collaboration with UN DP Accelerator Labs. Over 60 students and teachers from the global TSL school network dialled in, despite a global internet meltdown on the day which caused major connectivity issues for the 135 registrants. TSL Grand Prize Winners from 2020 (Toluwanimi Wonders, Nigeria), 2022 (Dhruv Bhatt, India) 2023 (Alexander Kameoka, Japan) and 2024 (Naomi Iris Dolatre, Philippines) did a great job hosting the proceedings, including a panel discussion with film director An Tran& UNDP Accelerator Labs team leader Gina Lucarelli, and three grassroots Innovators featUd in the film (Charu Monga, India; Jamila Mammadli, Azerbaijan; Emmanuel Alie Mansaray, Sierra Leone}, and group workshops to help build students, innovation skill5. Page 4
Trust for Sustalnable Lfvlng (company lim5ted by guarantee) Report of the board of trustees (dlrectors) contlnued For the year ended 30 September 2024 In addition, we partnered with ITN Business to create vldeo content for COP28, showcasin8 TSL'S leadership role in sustainability education in the UK and internationally. Special Thanks The Trustees wish to record their appreciation to the staff and volunteers, whose passion and dedication to the work of TSL and the Living Rainforest is warmly recognised. We wish to thank our annual members and other donors who agreed to glft ald whlch enabled us to benefit from £84,880 {2023: £88,364) in charitable tax reclaims. We wish to record our gratitude to the Gerald Palmer Eling Foundation, The Lockwell Trust, The Syder Foundatlon, Alfa Chemlcals and our anonymous donors for their generous donations. The Trustees would Ilke to thank Wrlthllngton School for its generous gift of tropical rainforest orchids to The Llvlng Ralnforest, and the followlng organlsatSons and Indlvlduals for their generous pro bono professional support over the course of the year. Ayre Chamberlain Gaunt, Ridge, Jubb and Harmattan Renewables. In response to our Winter Energy Appeal in Jan 2024, there was a surge of donations from the publlc. Includlng 29 new midslze donors, ralslng over £IO.000. The charity also delivered its first Giving Day activityi with a digital appeal raising £11,770 includin8 Gift Aid towards four animal enclosures and activities from 43 supporters. including elght new mldslze donors. We are grateful to all our appeal donors for their 8enerous support. Plans lor 2024125 Our key plans include: Fundraising to support the vital on-going work and future plans of TSL, includlng Increaslng educatlonal opportunlties for disadvantaged youth Developing an initial design brief for The Living Rainforest 2.0, the UK'S first carbon neutral ralnforest facllity Developing new animal exhibits with a focus on the southern rainforest zone including a larger Toucan enclosure, and new plant exhibits including Bromeliads and Water Bananas. Annual Financial Review Our total reserves as at 30 September 2024 were £211,154 (2023: £283,177) and of these funds £13,181 (2023: £19,430) We restricted fund5. The Board of Trustees and senior managementteam are placing special emphasis on the need for resilience planning to help withstand wider economic and environmental uncertainties; on the development of new income streams. and on the critical importance of fundraising to help meet any financial deficits. Pa8e S
Trust for Sustainable Llvlng {company Ilmited by guarantee) Report of the board of trustees (directors) contlnued For the year ended 30 September 2024 Free reserves policy The board of Trustees reviews the reserves policy on an annual basis. The long-term pollcy is that current free reserves (unrestrlcted current assets less unrestricted current credltors) should be sufflcient to cover 3 months, normal operating expenditure for the group (£225,000), plus an additional IO% contingency to cover general fluctuations in expenditure, totalling £247,500 of current free reserves. In the short to medium term {Ito 3 years), it was not possible to secure that level of reserves so the aim was to cover I month of operating costs plus an additional IO% contlngency to cover general fluctuations in expenditure, totalling £83,000 of current free reserves. Ih As at 30 September 2024, the unrestricted reseeS were £197,973 {2023." £263,747), however the current free reserves remained In deficit. At year-end, our free reserves were insufflclent to meet 1.5 months of operatln8 expendlture and therefore fell below target. Tradln8 subsldlary The activities of the Trust's wholly-owned tradlng subsidiary, The Living Rainforest Ltd, are Integral to the delivery of key aspects of the Trust for Sustainable Living's activities, includin8: the current leasehold of the Living Rainforest vlsitor centre; the shop and café functions whlch are important aspects of the overall visitor experience, and the sharlng of staff resource across both entities. While the Trustees believe that the parent charity would in fact be worse off flnancially without these Important sub51dlary functions, the charity will contlnue to strlve to generate proflts In Its trading subsldiary. Prlnclpal rlsks and un¢ertalnties The board of trustees has considered a risk. reglster to revlew the major risks facing the charlty and Is satisfied that systems have been established to mitigate those risks. Top risks identified In the risk register included: financing, buildlng infrastructure and weather conditions. Key factors affecting future financial performance include the need for: resilience planning to help withstand on-going economic and environmental uncertainties regular repair and renewal of aging Infrastructure through strategic reinvestment developing new income streams and fundraising for future developments Public Benefft The Trustees confirm that they have cornplied with the duty in Section 1715) of the 2011 Charities Act to have due regard to public benefit guidance published by the Charity Commission. Responslbllltles of the board of trustees The board of trustees are responsiblefor preparing their report and the flnancial statements In accordance wlth applicable law and regulations. Page 6
Trust for Sustainable Living (company15mlted by guarantee) Report of the board of trustees (directors) continued For the year ended 30 September 2024 Company law requires the board of trustees to prepare flnancial statements for each financial year which give a true and fairview of the state of the affairs of the charitable company and the group as at the balance sheet date and of the incoming resources and application of resources, including income and expenditure, of the group for the financial year. In preparing those financial statements, the board of trustees are required too: select sultable accountlng pollcies and then apply them consistently; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is InapproprSate to presume that the company will continue on that basis. The board of trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial ststements comply with the Companies Act 2006. The board of trustees Is also responsible for safeguarding the assets of the charltable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of dlsclosure to audltors So far as the trustees are aware, there is no relevant audit information of which the companVs auditors are unaware, Additionally, the trustees have taken all the necessary steps that they ought to have taken in order to make themselves aware of all relevant audit information and to establish that the companvs auditors are aware of that informatlon. Audltors Ross Brooke Limited have expressed their willin8ne55 to be re-appoSnted as auditors of the charity. This report has been prepared in accordance with the provisions applicable to companles entltled to the small companies, exemption. Approved by the board of trustees onloliRfand signed on its behalf by: Barry Murrer Dlrertor Page 7
Trust for Sustainable Living (company limlted by guarantee) Independent auditors report to the members For the year ended 30 September 2024 Oplnlon We have audited the financial statements of Trust for Sustainable Llvlng (the 'parent charitable companWI and its subsidiary (the 'group') for the year ended 30 September 2024 which comprise the consolidated statement of financial actlvities, balance sheets, statement of cash flow and notes to the financial statements, Including a summary of signlflcant accounting policles. The financlal reporting framework that has been applied in thelr preparation is applicable law and Unlted Kingdom Accounting Standards, including Financlal Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accountlng Practicel. In our opinion the financlal statements: give a true and falr vlew of the state of the affairs of the group and the parent charitable company as at 30 September 2024 and of the group's incoming resources and appllcatlon of resources, including its Income and expenditure, for the year then ended; have been properly prepared In accordance with Unlted Klngdom Generally Accepted Accountlng Practice; and have been prepared in accordance wlth the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audlt in accordance with Internatlonal Standards on Auditing (UK) (ISAS (UK}} and appllcable law. Our responsibilities under those standards are further described In the Auditorfs responsibilities for the audit of the financial statements sectlon of our report. We are Independent of the group and the parent charltable company In accordance with the ethlcal requlrements 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 requSrements. We believe that the audlt evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Concluslons relatlng to golng concern In auditin8 the financlal statements, we have concluded that the trustees, use of the golng concern basis of accounting In the preparatlon of the flnancial statements is approprSate. Based on the work we have performed, we have not identified any materlal uncertainties latingtO events orconditionsthat, indlvldually or collectively, may cast slgnificant 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 wlth respect to going concern are descrSbed in the relevant sectlons of this report. Other Informatlon The other information comprises the information included in the Trustees. Annual Report, other than the financial 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 coverthe other information and, except to the extent otherwise explicitly stated in our report, we do not express anv form of assuran conclusion thereon. Page 8
Trust for Sustainable Living (company limited by guarantee) Independent auditors report to the members For the year ended 30 September 2024 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 course of the audit or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material misstatement5, we are required to determine whether this gives rise to a material misstatement in the financial statements themselve5. If, based on the work we have performed, we conclude that there Is a materlal mlsstatement of thls other Informatlon, we are requSred to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 21)06 In our opinion, based on the work undertaken in the course of the audit: the Informatlon glven In the Trustees, Annual Report whlch Includes the Dlrectors, Report forthe financial yearfor which the financial statements are prepared 15 consistent with the financial statements; and the Trustees, Annual Report which includes the Directors, Report have been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained In the course of the audlt, we have not Identlfled materlal mlsstatements in the Trustees, Annual Report. We have nothlng to report In respect of the followlng matters where the Companles Act 2006 requlre us to report to you if, in our opinion: the group or parent charitable company has not kept adequate and suff icient accounting records, or return5 adequate for our audlt have not been recelved from branches not vlslted by us; or the parent charltable companyflnancial statements are not In agreement with the accountlng records and returns; or certain disclosures of trustees. remuneration specified by law are not made,. or we have not recelved all the Informatlon and explanations we require for our audlt; 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. Responslbllltles of trustees As explained more fully in the Statement of Trustees, Responsibilities set out on page 7, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financlal statements and for being satisfied that theygive a true and fair view, and for such internal control as thetrustees determine Is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error. In preparing the flnancial statements, the trustees are responsible for a55es5in8 the group'5 and parent charitable companls 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 group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Page 9
Trust for Sustslnable Llvlng (Company Ilmited by guarantee) Independent auditors report to the members For the year ended 30 September 2024 Audltorfs responslblllties for the audit of the flnancial statements We have been appointed auditor under the Companies Act 2006 and report In accordance with this Act. Ourobjectives are to obtain reasonable assurance aboutwhetherthe financial statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an auditorf5 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. Mlsstatements 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 financlal statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outllned above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting Irregularities, including fraud is detailed below., We have considered: o the nature of the charlty and sector, control environment and operatln8 performance; o the charitvs own assessment, including assessments made by key management, of the risks that irregularities may occur either as a result of fraud or error; any matters we identified having reviewed the charitws policies and procedures relatin8 to: identlfying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detectlng and respondlng to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud. and the Internal controls established to mitlgate risks of fraud or non-compllance wSth law5 and regulations; o the matters discussed amongst the audit engagement team. As a result of these procedures, we consldered the opportunltles and Incentives that may exist withln the organisation for fraud and identified the greatest potential for fraud in the areas in whlch management is requlred to exercise signlflcant judgement, such as the disclosure of adjusting items. In common with all audits under ISAS (UK), we are also required to perform speciflc procedures to respond to the rlsk of management override. We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determinatSon of material amounts and disclosures in the financial statements. The key laws and regulations we considered In this context were the Companies Act, Charltles Act and tax legislatlon. 8ecause of the inherent limltations of an audit, there is a risk that we wlll not detect all irregularities, including those leadlng to a materlal misstatement in the financial statements or non-compliance with regulation. This risk Increases the more that compliance with a law or regulation is removed from the events and transactions reflected In the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regardlng irregularities occurrlng due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or mi5repre5entation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. https.'//www.frc.org.uk/Auditorsresponsibilitieses. This descrlption forms part of our auditorfs report. Page 10
Trust for Sustalnable Llvlng {company Ilmited by guarantee) Independent auditors report to the members For the year ended 30 September Z024 Use of our report This report is made solely to the charitable companWs 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 compan*s trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable companls trustees as a body, for our audit worl forthis report, or for the opinions we have formed. Grace Pay (Senior Statutory Auditor) For and on behalf of UHY Ross Brooke, Statutory Auditor UHY Ross Brooke Suite I Windrush Court Abingdon Business Park Oxon OX14 ISY Date: 2510912025 Pa8e 11
TRUST FOR SUSTAINABLE LIVING (A Company Lirnited by Guarantee) CONSOLIDATED sfATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestrirted lunds Restrlrted furbd5 2024 Total Total funds 2023 funds 2024 2024 Notè Incomefrom: Donatlons 98,613 4,603 851,003 25335 98,613 37,314 851,003 253,83S 94,431 Grants Income from charitable artlvltles Other trading actlvlties 32.711 866,310 243,361 Total Income 1,208,054 32,711 1,240,765 1,204,102 Expendlture on: Ralslng funds Charitable activities 227,500 1,063,985 227,500 I85,288 210,998 989,376 21,303 Total exp•ndlture 1,291,485 21,303 IA12,788 1,200,374 Net lexpendlture)Ilncome 183N31) 11,408 (72,0231 3,728 Transfers between funds 16 17,657 117.657) Net movement In funds 165.7741 16,249) (72.023) 3,728 Re¢onclllatlon of funds: Total funds brought forward 263,747 19,430 283,ITI 279,449 Total funds carrl•d forward 16 197.973 13.181 211,154 283,177 The Statement of Financlal Actlvities Includes all gains and1055es reco8n15ed in the year. All actlvities derived from continuing operatlons during the above two flnancial perlods. The notes on pages 16 to 30 form part of these financial statements. Page 12
TRUST FOR SUSTAINABLE LIVING (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING INCOME AND EXPENDITURE ACcour) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestricted funds 2023 Restrlcted funds 2023 Totsl funds 2023 Note Income from: Donations 94,431 866.310 243,361 94,431 866,310 243,361 Income from charltable artlvltles Other trading artivities Total Income 1.204,102 1,204,102 Expendlture on: Raising funds Charitable activities 210,998 989376 210,998 989,376 Total expendlture 1,200,374 1,200,374 Net (expendlture)/ln¢ome 3,728 3,728 Net movement In funds 3,728 3,728 Reconclllatlon of funds: Total funds brought forward 260,019 19,430 279,449 Total funds carrled forward 16 263,747 19,430 283,177 The Statement of Financial Activities includes all gains and losses recognlsed In the year. All actlvltles derSved from contlnulng operatlons durlng the above two financial periods. The notes on pages 16 to 30 fomi part of these flnanclal statements. Pa8e 13
TRUST FOR SUSTAINABLE LIVING (A Company Llmited by Guaranteel NUMBER: 04020388 BALANCE SHEET AS AT 30 SEPTEM8ER 2024 roup 2024 roup 2023 ar 2024 2023 Note Flxed assets Intangible assets Tangible assets Investments li 29.924 344,719 23,579 425,466 29.353 329,594 loo 2252 402,183 100 12 13 374.643 449,045 359.047 425,135 Currenl assets Stock Debtors Cash at bank and In hand 32,308 42,923 41,635 31.601 39,871 26,840 14 144.827 30,129 133,390 20,302 116.866 98,312 174,956 153.692 Uabllltles Credltors: amounts falling due wlthln one year 15 (214.5291 1165,645} 1171,735) (133,679} Net current Illabllltle5)/assets (97,663) 167,3331 3,221 20,013 Credltors.. Amounts fallin8 due after more than one year 15 165,826) 198,5351 1$8,4961 (81,1411 Total net assets 211,154 283.177 303,772 364,007 Funds Restricted Income funds Unre5trlcted Income funds 13,181 197,973 19.430 263,747 13,181 29091 19,430 344.577 Total funds 16 211,154 283,177 303.7n 364,007 The financl31 statements on pa8es 12 to 30 were approved by the Trustees, and authorlsed for Issue on 22ffj(.25..... and are signed on their behalf, by: Barry Murrer Trustee Pa8e 14
TRUST FOR SUSTAINABLE LNING (A Company Llmited by Guarante•l STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 sh flows from operatln8 actlvltlas Net ¢a$h provlded by operatlng actlvhles 77.401 103,953 Cash flowj frorn Investlni actlvltles Purchase of tangible fixed assets {30,2271 130.227) 140,910} 140,910} C•$h ffl0 from finan acthiltl•g Overdraft re-analysis Repayments of borrowings Net ash provlded by (used In) finaIng artlvftles 4,983 147,558} (32,379) (32,3791 142,575} Chan8• In cash and cash •qul¥alents In th• y•ar 14795 20,468 Cash and cash equlvajents at the be8lnnln8 of the year 26,840 6,372 Cash and cash equlv•lents at the end of the year 41.635 26,840 Re¢ondllatlon of net In¢ome/{expendlture) to net cash flow from Operat1 artlvltles N•t movement In funds (72,0231 3,728 Depreclatlon Decrease/lincrease) in stocks Decrease/lincreasel in debtors (Decrease)Iincrease in creditors 104,629 17071 13.052) 48,554 91,488 666 29,383 121,312) N•t cash provld•d by (us•d In) op•rntln8 attlvltl•s 77,401 103.953 Page 15
TRUST FOR susfAINA8LE UVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting polides Trust for Sustainable Livlng Is a CharStable Company limlted by guarantee in England and Wales. In the event of the charity being wound up, the Ilablllty of the guarantee is £1 per member of the charkty. The reglstered offlce is Hampstead Norreys, Thatcham, Newbury, Berk5hlre, RG18 OTN. 1.1 Bas15 of preparatlon of flnanclal statements These financial statements have been prepared in accordance with Accountlng and Reportin8 by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordan with Section IA of Financlal Reportlng Stsndard appllcable in the UK and Republlc of Ireland {FRS 102} (effective l January 2019)- Icharltles SORP IFRS 102)), the Financial Reportlng Standard appllcable in the UK and Republic of Ireland and the Companles Att 2006. Trust for Sustalnable Llvlng meets the definltlon of a publlc benefit entlty under FRS 102. Assets and Ilabllltles are Inltially recognised at historical cost or transartlon value unless otherwise stated In the relevant accountlng policy note. The flnanclal statements are prepared In sterlln81 whlch Is the functional currency of the company. Monetary amounts In these flnancial statements are rounded to the nearest £. There are no materlal uncertalnties regardln8 the CharlVs ablllty to continue as a going concern. Reference to the 'Charity' In these flnanclal statements means the 'charltable company, and reference to the 'Trustees' Means the 'dlrectors'. 1.2 Group flnanclal statements These flnanclal statements consolidate the results of the charlty and its wholly-owned subsidiary The Livlng Ralnforest Limited on a Ilne b¥ Ilne basls. A separate Statement of Flnancial Artlvltles, or income and expendlture account, for the eharlty Itself Is not presented because the charity has taken advantage of the exemptions afforded by sectlon 408 of the Companles Act 2006 and SORP, 1,3 Golng concern These financial statements are prepared on the going concern basis. After assessing all the latest Information available, we belleve the company will continue operating for at least the next 12 months and there are no materlal uncertalntles preventing it from doing SO. It Ss the Dlrectors, assessment that the use of the golng concern basls in preparln8 these financial statements Is appropriate. 1.4 Income Charftable tradlng actlvltles Income from admlssion fees is included in Income in the period to which It relates. Income from annual memberships Is included in the income when received. Commerclal tradin8 activities Income from commercial activities is included in the perlod In whlch the group is entitled to recelpt. l>onatlons and grants Page 16
TRUST FOR SUSTAINABLE LIVING (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from donations and grants, includlng capital grants, Is Included in Incomlng resources when the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably, except when donors Impose conditions which have to be fulfi'lled before the Charity becomes entitled to Use such income, the income is deferred and not included until the pre<onditions for use have been met. Interest recelvable Interest is included when recelvable by the charity. 1.5 Expendlture Expenditure is Included In the Statement of Flnanclal Activlties on an accruals basls, inclusive of any VATwhlch cannot be recovered. Once there is a legal or constructive obligatlon to make a payment to a thlrd party, it is probable that settlement will be required and the amount of the obllgatlon can be measured reliably. Support costs Support costs have been allocated between the charitable activltles on the basis of an estimate of the proportion of time spent by staff on those activities, or on a direct basis depending on the nature of the expense. See note 6 for more details. 1.6 Operatln8 l¢a$es Rentals payable under operating leases are charged to the Statement of Flnancial Artivltles 35 incurred on a straight line basis over the term of the lease. Page 17
TRUST FOR SUSTAINABLE LIVING (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 1.7 Intanglble fixed assets Intan8ible assets acquired separately from a buslness are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses Amortlsatlon Is recogni5ed so a5 to write off the cost or valuation of assets less their residual values over their useful Ilves on the following basis: Webslte costs Other computer software 4- 10 years on cost 4 years on cost 1.8 Tan8lble flxed assets and depreclatlon Assets costin8 £400 or more are capitalised as tangible fixed assets and are carried at cost, net of depreclatlon and any provision for impairment. Depreciation 15 provided on all tan8ible fixed assets, at rates calculated to write off the cost of each asset on a stralght-line basis over its expected useful Ilfe, as follows: Exhibits Plants Plant and equlpment Leasehold improvements 1.10 Stocks Stock Is Included at the lower of cost and net reallsable value. Cost Is based on the cost of purchase on a first in flrst out basls. 5%- 25% on cost 15% on cost 15%-33% on cost Stralght Ilne over 20 years 1.11 Debtors Debtors with no stated Interest rate and receivable within one year are recorded at transactlon price. Any losse5 3ri5ing from impairment are recognlsed In expenditure. 1.12 Credltors Creditors are reco8nlsed when there Is an obli8ation at the balance sheet date as a result of a past event, it 15 probable that a transfer of economic beneflt wlll be requlred In settlement, and the amount of the settlement can be estimated reliably. Liabilitles are recognlsed at the amount that the Charltable Company antlclpates St wlll pay to Settle the debt or the amount it has recelved as advanced payments for the goods of servlces it must provide. Page 18
TRUST FOR susfAINABLE LIVING (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 1.13 Penslons Costs The Charity operates a defined contribution pension scheme. Contributions are charged to the Income and expendlture account as they fall due, and are allocated against the re5trlcted and unrestrScted funds on a dirett bas15. 1.14 Fund accountlng General funds represent unrestricted funds which are available for use at the dlscretion of the Trustees in furtherance of the 8eneral objertive5 of the Charlty and whlch have not been designated for other purposes. Restrlcted fund5 Incorporate grants and donations, whlch, although contributing towards the general objectives of the Charlty, carry speciflc Instructions by the donor as to how the monles should be applied. At the balance sheet date, the accumulated balance represents those sums which have yet to be applied in the manner instructed. TheTrustees are of the opinion that there are sufficient liquid assets available to meet the Charity's obll8atlons Imposed by the restricted funds, all of which are short term, and that it is not necessary to approprlate assets into a separate fund. Jud8ements and key soue$ of estlmation unc•rtalnty Accountlng estlmates and jud8ements are continually evaluated and are based on hlstorical experlence and other factors, IncludSng expectations of future events that are belleved to be reasonable under the circumstances. There are no critical accounting estimates and a55umptlons or critical areas of judgement. Page 19
TRUST FOR SUSTAINABLE LIVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from charftable activities Unrestricted fund$ 2024 Restrl¢ted funds 2024 Total funds 2024 Total funds 2023 Visitors Centre Grants Stream 4 Stream Other income 838,310 4,603 838.310 37,314 835,293 32,711 12,693 855,606 12,693 888,317 31,017 866,310 32.711 Other tradln8 actlvltles The wholly owned trading 5ub51dlaryp The Llvlng Ralnforest Limlted, whlch provldes facllltles and operates the 81ft shop and caféi pays any d15trfbutable proflts to the charlty by81ft ald. The charlty owns the entlre Issued share capltal of 100 ordlnary shares of £1 each. The company re8lstratlon number of the tradlng subsldlary Is 02578937 and Its re8lstered offlce Is The Llvlng Ralnforest, Hampstead Norreys, Thatcham, Newburyi Berkshlre, RG18 OTN. A summary of the tradin8 results Is shown below. SummJry profft and loss account Not• 2024 2023 Turnover Cost of sales Admlnistratlve expenses Net profitl(10ss) 253,835 1227,5001 {38,1231 111,788) 243,361 {210,998} 136,441) {4,078} The assets and Ilabllltles of the subsldlary were: Flxed asset5 Intanglble assets Current assets Credltors,. amounts fallln8 due wlthln one year Credltors., amounts falllng due after more than one year 15,125 571 43,913 {144,7971 {7,3301 192,518) 23,283 727 38,238 {125,584) 117,394) 180,730) Reserves Share capltal Share premium account Profit and loss account 11)0 153.548 {246,1661 192.518) loo 153,548 {234.378) 180,730) Page 20
TRUST FOR SUSTAINABLE LIVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 I Cost of sales Unrestrlcted funds 2024 Restrlcted nds 2024 Total funds 2024 Total funds 2023 Staff Purchases 104,618 122A82 104.618 I2282 94,599 116,399 227,500 227,500 210,998 Analysls of expendfture on tharftabl• artlvltles Unrestrlcted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Vl$ltor attrartlon ¢entre Greenhouse costs Wildlife and plant costs Exhibit improvements Advertising and public relations Functions and events Premises costs Depreciation Charges S,927 28,724 23,061 31,028 4,947 151,726 94,609 19A26 359A48 5,927 28,724 23,061 31,028 4,947 173,029 4,729 3LI)06 3L263 25,982 6,244 170yO 90,193 18,538 378N95 21,303 19,426 380,751 21.303 Schools essay competition 4,983 4,983 8.970 Support costs (Note 6) 699.554 699.554 601,911 Total charitable costs 1,063.985 21.303 1,085,288 989,376 Page 21
TRUST FOR SUSTAINABLE LIVING (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs Unrestrlrted funds 2024 Restrlcted fvnds 2024 Total funds 2024 Total funds 2023 Governance Travel and entertaining Premises expenses Hire of equipment Depreciation Telephone Printing and statlonery Professional fees Accountancy General expenses Bank and interest charges Stsff costs Total 14A53 1.553 75.243 14A53 1,553 75,243 12,747 1,855 61,875 66 3.019 3,019 3,904 8,708 16,938 4,962 53,733 16,894 500,147 699,554 1,326 3,601 8,729 2,079 5,015 50,054 15,271 439,293 601,911 8,708 16,938 4,962 53,733 16A94 500,147 699,554 All support costs are dlrect costs, for the basls of allocatlon, except for stsff costs whlch are allocated on the basls of an e5tlmate ofthe proportlon of tlme spent. Audltors rernuneratlon 2024 2023 Audlt fees 9,500 Pa8e 22
TRUST FOR SUSTAINABLE LIVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Staff costs 2024 2023 Wages and salaries Social security costs Pension costs Other staff costs 561.084 29,451 11,296 2,934 604.765 491,620 31,248 8,527 2,497 533,892 One employee earned between £80,000 - £90.000 per annum (2023: One employee ben £80,000 - £90,000). Staff numbers The avera8e numbers of persons employed durlng the perlod expressed as average headcount was as follows. 2024 2023 Visitor attractlon Commerclal trading 25 15 23 15 40 38 Executlve personnel 2024 2023 Total remuneratlon 108.535 109,130 10. Net outgolng resource5 for the year 2024 2023 Depreciatlon Amortisation Audlt fees 92,380 5,248 9.500 87,919 3,569 9.000 Page 23
TRUST FOR susfAINABLE LIVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER Z024 11. Intangible flKed assets GROUP Oihér computer softwar• Webslte Total Cost orvalu•tlon At l October 2023 Addltlons 35.682 1,818 35.682 11,593 9.775 At 30 September 2024 37,500 9,775 47.275 Depreclatlon At l October 2023 Charge for the year 12,lOJ 3,901 IZ.103 5,248 1,347 At 30 September 2024 Net book valu• At 30 September 2024 16,004 1,347 17,351 21.496 8,428 29,924 At 30 September 2023 23,579 23.579 CHARITY Other computer 50ftware W•bslt• Totsl Cost or valuatlon At l October 2023 Addltlons 34,123 1,818 34,123 11,593 9,775 At 30 September 2024 35.941 9,775 45,716 Depredatlon At l October 2023 11.271 3,745 11.271 5,092 Char8e for the year 1347 At 30 September 2024 15.016 1,347 16,363 Net book vilue At 30 September 2024 20,925 8,428 29.353 At 30 September 2023 22,852 22,852 Pa8e 24
TRUST FOR SUSTAINABLE UVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL StATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. Tanglble flxed assets GROUP Improvements to property Plant& equlpment Plant$ EKhlblts Totsl Cost or valuatlon At l October 2023 Addltions 1.313.510 1,157 286,712 9,901 299,528 7,576 1.905,296 18,634 At 30 September 2024 Depreclitlon At l Ottober 2023 1314,667 5,546 296,613 307,104 1.923,930 1.066.951 58,794 7.001 5.546 228,802 21,234 178.531 12.352 1rt79,830 92.380 7,001 Charge for the year other adjustments At 30 September 2024 N•t book valu• At 30 September 2024 1,132,746 5,546 250,036 190,883 1,579,211 181.921 46,577 116,221 344.719 At 30 September 2023 246,559 57,910 120,997 425,466 CHARITY Improvements to property Plant & equlprnent Plants Exhlblts Total Cost or valuatlon At l Ottober 2023 Addltlons 1,027,934 1.157 234,861 8.195 299,528 7,576 1,567,869 16,928 At 30 September 2024 Depr•d•tlon At l Ortober 2023 1,029,091 5,546 243,056 307,104 1,584,797 802.239 57,485 179,370 19,680 178,531 12,352 1.165,686 89,517 Charge for the year At 30 September 2024 Net book value At 30 September 2024 859.724 199.050 190.883 1.255,203 169.367 44.006 116,221 329,594 At 30 September 2023 225.695 55.491 120,997 402.183 Page 25
TRLIST FOR SUSTAINABLE UVING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfEMBER 2024 Imiestments Cost Investment in subsldlary Net book value at 30 September 2024 and 30 September 2023 100 Details of the investment are shown in note 4. Debtors Group 2024 Ch•rlty ZQZ4 2023 2023 Trade debtors Other debtors Popayments and accrued Income Amounts owed by 8roup undertakln8S 7,241 6,059 29.623 8,961 5,676 25.234 7.241 6.059 29,524 102,003 8,961 5,676 25,135 93,618 42,923 39,871 144.827 133,390 Crndltors: amounts lalllno due wlthln one year Group 2024 Charlty 2024 2023 2023 Trade credltors Flnance leases Loans 45.554 10,066 29,483 115,569 13,857 41,180 12,352 26,867 66.147 19.099 37,207 10,066 19,483 94,167 lo12 32,375 12,352 16.867 53.919 18,166 Other credltors Taxatlon and soclal 5ecurlty 214.529 165,645 171,735 133,679 The bank loan and overdraft Is secured on the assets of TSL. Page 26
TRUST FOR SUSTAINABLE UVING {A Company Limited by Guarantee) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Credltors: amounts falllng due In greater than one year Group 2024 Charlty 2024 2023 2023 Flnance leases 11,096 54,730 19,059 79,476 11,096 47,400 19.059 62,082 Loans 65,826 98,535 58,496 81,141 A loan for £175.000 wa5 taken out In settlement of the EU Ilablllty durlng March 2014. orl8lnally the loan had been for £190,rxio in March 2012, thls 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 Llvlng Ralnforest retelved a bounce back loan for £ SO,000, this is a 6 year loan, no repayments were due in the first 12 months. Interest is tharged at a rate of 2.5 %. The first repayment was in June 2021. 16. Funds Analysls of movements In Unrestr1rt funds Balan¢e at 30 S•pt•mber 2024 Cktob•r 2023 Income Expendlture Transftts General unrestrlcted funds 263,747 1308,054 (1,291,485) 17,657 197.973 Total 263.747 1,208,054 {1.291,485) 17.657 197.973 Analy515 of mweffl¢nts In unrestrfcted fvnd$- prevlou$ year Balance ai 30 September 2023 Balance at I Ortober 2022 Income Expendlture Transfers General unrestricted funds 260,019 1.204.102 11.200,3741 263.747 Totsl funds 260,019 1.204.102 11.200,3741 263.747 Pa8e 27
TRUST FOR SUSTAINABLE LMNG (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Analysls of movements In rertrlcted funds Balan It 30 September 2024 Balance ai I Ortober 2023 Income Expendltwe Transfers RISE Our World from Space Elln8 Trust Cfver5eas Projerts Gfvlng Dav Stream 4 Stream 7,994 5,500 10,000 16,192) 15,111} iio,0001 1,802 389 1,773 1.773 9,217 9,217 17.657 {17,657} 117.6S71 Total funds 19,430 32,711 121.3031 13,181 Anatysls of movements In rct•d funds- prev10 y•ar Balance at 30 S•pt•mbtr 2023 8alan¢e •t I O¢tober 2022 Income Expendlture Tr•nsl• Overseas Projects Stream 4 Stream 1,773 17.657 1,773 17,657 Totsl funds 19,430 19.430 Name of rtstrl¢t•d fund D•Krlptton, n4lure and pwpwoj of the fund RIS Money received to help promote Rise which is a global initiative of Schmidt Futures and the Rhodes Trust that finds promising young people and provides them with opportunities that allow them to work together to serve others over their lifetimes. Our World from Space Money recelved to develop a programme to engage,inspire and involve schoolaged children and their famllles In the UK'S role In Space and to promote an understanding of the value of Space for the future sustainabilitv of Planet Earth Elin8 Trust Money received to be spent on the rebuild of the Rainforest. Overseas Projects Money received in donations to pass on to designated overseas projerts. Stream 4 Stream Money ralsed to bulld a stream In the Llvln8 Ralnforest. 6lvln8 Day Money raised for Ralnfore5t Improvement projects to the blue dart fr08 enc105ure an the mudskippers breedingfa¢ility Pa8e 28
TRUST FOR SUSTAINABLE UVING (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 17. Analysls of net assets between funds Group Unrestrl¢ted funds 2024 general funds 2024 Total lunds 2024 Flxed a55ets Current assets Credltors 327,234 84,211 1213,472) 197.973 47.409 32,655 {66A831 13.181 374.643 116,866 (280.355) 211.IS4 Analysls of 8roup net assets between funds- prior year Restrlcted general funds 2023 Unr•strlrted funds 2023 Total funds 2023 Flxed assets Current assets Credltors 395,776 53,202 {185.2311 53369 45,110 178ts491 449,045 98,312 1264.1801 263,747 19,430 283,177 op•ratI has• commiim•nti At the reporting end date, the group had outstanding commitments for future minimum lease payments under non-canttllable operating leases. which fall due as follows- 2024 2023 Amounts due within one year Amounts due between one and fNe ye Amounts due after 5 years 25.921 35.461 20.0(K) 25,921 56,382 25.000 81,382 107.303 Page 29
TRUST FOR SUSTAINABLE LIVING (A Company Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 19. Transartlons wlth truste•s No trustees have been pald any remuneration or received any other benefits from employment wlth the Charity or a related entity. 20. Related party transartlons At the year-end The Llvlng Ralnforest Limited owed The Trust for Sustalnable Llvin8 £102,00312023: £93,618). Durlng the year Trust for Sustalnable Llvlng recogntsed Costs totalllng £ 75012023: £7501 from a company with shared dlrector. No amounts were outStandlng at the year end. At the year-end there wa5 a balance held on behalf of the Charlty by a Ilmlted Ilablllty partnershlp a dlrertor of the company is a Partner of totallln8 £ 55112023.. £551). Page 30