CHARITY REGISTRATION NUMBER: 1093680
The Sustainable Natural Resource Management Association (UK)
Unaudited Financial Statements
31 December 2023

The Sustainable Natural Resource Management Association (UK)
Financial Statements
Year ended 31 December 2023
Pages
Trustees. annual report
Ito7
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
10
Notes to the financial statements
11to19

The Sustainable Natural Resource Management Assoclation (UK)
Trustees. Annual Report
Year ended 31 December 2023
The tTUStees present their report and the unaudited financial statements of the charity for the year
ended 31 December 2023.
Reference and administrative detalls
Reglstered charfty name
The Sustainable Natural Resource Management Association (UK)
SUNARMA UK
Action Ethiopia
Working name
Charlty registratlon number
1093680
Principal office
4 Broadway
Fore Street
Hemyock
EX15 3RF
Devon
The trustees
P von Lany
C Birchall
M Roberts
Y Teferi
(Appointed 20 July 2023)
Independent examiner
N Smy ACA
Weslcotts (SW) LLP
Chartered Accountants
Queens House
New Street
Hontton
Devon
EX14 1BJ
Bankers
Lloyds Bank plc
17 Cross Street
Bamstaple
Devon
EX31 1BE

The Sustainable Natural Resource Management Association (UK)
Trustees. Annual Report fcontlnts•d)
Year ended 31 December 2023
Structure, governance and management
Governing document
The charity was formed and is governed by a declaration of Trust dated 10 June 2002. The charity is
registered wtth the Charity Commission (No. 1093680) and its principal address is 4 Broadway, Fore
Street, Hemyock, Devon, EX15 3RF.
The charity registered with the Charities Commission on 3 September 2002.
Action Ethiopia is the working name for SUNARMA UK. The charity offers technical and financial
support to our sister Ofganisation (SUNARMA Ethiopia) in Ethiopia. This document will refer to the
working name Action Ethiopia.
Recruitment and appointment of management committee
The charity is managed by a management committee who shall be Charity Trustees within the
meaning of the Charities Act. The charity shall always have al least three trustees.
In selecting persons to be appointed as trustees, the trustees shall take into account the benefits of
appointing a person who is able by virtue of his or her personal or professional qualifications is able to
make a contribution to the pursuit of the objects or the management of the charity-
No person shall be appointed as a trustee who is under 18 years of age or in such circumstances that
if he or she is already a twstee, he or she would be disqualified from office under the provision of the
following clause. No persons shall be entilled to act as a trustee until after signing a declaration of
acceptance and willingness to act in the trusts of the charity.
A trustee shall cease to hold office if he or she is disqualified from acting as a trustee by virtue of the
Charities Act. becomes incapable by reason of mental disorder. illness or injury of managing and
administering his or her own affairs., is absent without the permission of the truslees from all their
meetings held within a period of six months and the trustees resolve that he or her Offi￿ be vacated,.
or if the trustee notifies the remaining trustees of the wish to resign.
ObjectNes and activities
The principal objective of the charity is the advancement of education, the protection of health and the
relief of poverty of the people of Africa. Action Ethiopia offers technical and financial support to our
sister organisation in Ethiopia. The funds raised by Action Ethiopia are used to support programmes
managed by SUNARMA Ethiopia. The project works with rural communities in Ethiopia to help them
manage natural resources and build sustainable livelihoods more effectively. In planning our
activities for the year we kept in mind the charity commission guidance on public benefit.
Action Ethiopia has a large group of individual supporters that it communicates with digitslly and by
letter. In addition information and progress is available on two websrtes, www.actionethiopia.org and
www.sunama.org.
Action Ethiopia also keeps in touch with supporters and the general public through Facebook and
Twitter accounts.

The Sustainable Natural Resource Management Association (UK)
Trustees. Annual Report (Continued)
Year ended 31 December 2023
Achlevements and perfomiance
Ethiopia has an ancient history that goes back millennia. For example the cultur8 in the area around
Axum, in the North of the country, predates the Pharaohs, which is quite a claim and gives hope that
the political difficulties of the last year will be overcome in a short time.
Action Ethiopia's support of our sister organisation SUNARMA has this year been more indirect,
providing funds and technical backup to the excellent team in Addis Ababa to enable them to carry out
their work effectively. The following report provided by key members of each project, outlines their
achievements. The team have guided the projects across Ethiopia, taking great strides in
environmental management, sustainable economic development and fostering community resilience.
In North West Ethiopia around Metema: Frankincense Initlatlve
The Metema frankincense initiative, centred in North Gondar, has transfomied forest governance
through strategic stakeholder engagement and robust training initiatives. Impressively, the project
convened 35 key stakeholders in biannual workshops. fostering dynamic discussions on forest
management enhancements. Training efforts notably exceeded goals. with 200 PFMC members,
including a good mix of Men and women, receiving advanced training in group dynamics, conflict
management and gender equity. These sessions exceeded participanl targets by over 250/0 improving
communff(y capabilities in sustainable forest management. The fomiulation of comprehensive forest
management plans for all participating forest cooperatives ensures a structured approach towards
forest conservation and enterprise activities, induding the production of over 340 locally made
fuel-saving stoves, enhancing both environmental sustainability and community livelihoods.
The Metema project has made signrficant strides in biodiversity conservation and environmental
management. particularly through its educational outreach, training an additional 158 community
members, marking an impressive 610/0 achievement of its target. The strategic development and
endorsement of community bylaws further improved cooperative govemance, helping to sustain
environmental stewardship. On the agricultural front, the project has distributed over 770 grafted
mango seedlings and 630 kilos of cowpeas, substantially improving community food security and soil
quality through the nitrogen-fixing properties of the plant. These initiatives have collectively generated
substantial revenue, with frankIn￿nSe sales over ETB 23.5 million Birr.
ai
A handful of raw Frankincense

The Sustainable Natural Resource Management Association (UK)
Trustees. Annual Report (eontinued)
Year ended 31 December 2023
Achlevements and perfomiance (contlnu•d)
Wof Washa Project: Enhanced Fuel-saving Stove Inltiative
Despite challenges. the cooperative has produced and distributed 175 fuel-saving stoves, helping
environmental conservation and providing health benefits for women. This initiative underscores a
commitment to advancing suslainable technologies, even in difficult environmental and political
conditions.
Taking the stove home
Tree Planting and Forest Restoration
This extensive reforestation effort has led to the planting of over 350,000 tree seedlings across 70
hectares of previously degraded land, a substantial increase from previous years. This initiative has
not only rejuvenated Ihe local ecosystem but has also improved environmental degradation issues like
flwding and soil erosion, marking a significant improvement in ecologic21 heatth and stability.

The Sustainable Natural Resource Management Association (UK)
Trustees. Annual Report (continued)
Year ended 31 December 2023
Achievements and perfomlance (contlnu•d)
Enhancing Llvelihoods around Wof-washa Forest
In partnership with WeForest and local authorities, this projecl has laid the groundwork for integrating
conservation efforts with community development. Through ongoing vegetation surveys and
collaborative project launches, it has established a robust framework for the forests. continuing
environmental and social improvement initiatives.
We would like to thank the trusts and foundations that have supported us, including the many
individual supporters who have helped advance the progress of so many Ethiopian communities.

The Sustainable Natural Resource Management Association {UK)
Trustees. Annual Report (Gonlinued)
Year ended 31 December 2023
Financial review
The hiatus in project activity funded by Action Ethiopia as we develop new projects is reflected in a
reduced income for 2023 of £44,436 {2022: £67,343). The total expenditure was £49,267 (2022..
£65,671). Our unrestricted reseNes having decreased to £13,59312022'. £17,692).
Reserves policy
The levels of reserves are important to help with the continued funding of projects undertaken by the
charity and are continually monitored by the Trustees.
The Action Ethiopia board agree and administer the disbursement of funds against a work programme
agreed with field staff in Elhiopia. Occasional challenges on the ground such as environmental factors
(drought, excessive rain etc) or delays in response of local stake holders can mean the project runs
behind schedule. In this event the Action Ethiopia board will renegotiate the activities to bring the
project back on track and this can result in the fluctuation of the level of restricted project reserves.
The Trustees acknowledge their responsibility to ensure that the charity, at all times. retsins
unrestricted reserves to ensure that it is able to fulfil its ongoing obligations. A target for these
reserves has been set to cover 3 months of unrestricted expenditure.
The free ￿selVeS held at 31 December 2023 were £13.593 (2022: £17,692).

The Sustainable Natural Resource Management Association (UK)
Trustees. Annual Report (¢ontlnued)
Year ended 31 December 2023
Trustees, responsibllltias statement
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.,
2. observe the methods and principles in the applicable Charities SORP;
make judgrnents and a￿oUntIng estimates that are reasonable and prudent.
4. prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitrfs transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions
of the Trust Deed. 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.
The trustees, annual report was approved on ...
the board of trustees by:
and signed on behalf of
P von Lany
Trustee

The Sustainable Natural Resource Management Association (UK)
Independent Examinerfs Report to the Trustees of The Sustainable Natural
Resource Management Association (UK)
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of The Sustainable Natural
Resource Management Association (UK) (Ihe charity'} for the year ended 31 December 2023.
Responslbilities and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charily's financial statements carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145(5){b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the 8xamination giving me cause to believe thal in any material respect-
accounting records were not kepl in respect of the charity as required by section 130 of the
Act., or
the financial stalements do not accord with those records. or
the financial statements do not comply with the applicable requirements conceming the
form and content of accounts sel out in the Chartties (Accounts and Reports) Regulations
2008 other than any requirement that the accounls give a Yrue and fai¢ view which is not
matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
N Smy ACA
Independent Examiner
West¢otts (SWI LLP
Chartered Accountants
Queens House
New Street
Honiton
Devon
EX14 18J
Date: 18 Jc3

The Sustainable Natural Resource Management Assoclatlon (UK)
Statement of Financial Activities
Year ended 31 December 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Investment income
44,436
132
44.436
132
67,343
Totsl income
44,568
44,568
67,350
Expenditu
Expenditure on raising funds..
Costs of raising donations and
legacies
Expenditure on charitable activities
Totsl expenditure
21.662
27,105
21,662
27,605
25,954
39,717
500
48,767
49,267
65,671
Net {expenditureyincome
(4,199)
(500)
(4,699)
1,679
Transfers between funds
100
(100)
Net movement In funds
(4,099)
(600)
(4,699)
1,679
Reconciliation of funds
Total funds brought forward
Total funds carrled forward
17,692
600
18,292
13,593
16,613
13,593
18,292
The statement of financial adivities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 11 to 19 fonn part of thèse Ilnancial statements.

The Sustainable Natural Resource Management Assoclation (UK)
Statement of Financial Position
31 December 2023
2023
2022
Netè
Current assets
Deblors
Cash at bank and in hand
12
963
15.403
3,008
19,450
16,366
22,458
Creditors: amounts falllng due within one year
Net current assets
13
2,773
4,166
13,593
13.593
18,292
Total assets less current liabilities
18,292
Net assets
13,593
18,292
Funds of the charity
Reslricted funds
Unrestricted funds
600
17,692
13,593
13.593
Total charity funds
14
18,292
These financial statements were approved by the board of trustees and authorised for issue on
and are signed on behalf of the board by=
P von Lany
Trustee
The notes on pagas 11 to 19 form part of these flnanclal statements.
10

The Sustalnable Natural Resource Management Association (UK)
Notes to the Financial Statements
Year ended 31 December 2023
General infomiation
The charity is registered charity in England and Wales and is unincorporated. The address of the
principal office is 4 Broadway, Fore Street, Hemyock, Devon. EX15 3RF.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Stsndard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Praclice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charilies
SORP (FRS 102)) and the Charities Act 2011.
Accounting pollcies
Basis of preparation
The financial stalements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
Th8 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concem
There are no material uncertainties about the charity's ability to continue.
Cashflow statement
The charity has taken advantage of the exemption in FRS102 from the reqUi￿rnent to produce a
cashflow statement because it is a small charity.
Judgements and key sources of estimation uncertainty
The preparation of the financi81 statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experien￿ and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purF)oses.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the t8rms of an appeal, and fall into one of two sub-classes.. restricted income funds or
end0￿￿ent funds.
11

The Sustainable Natural Resource Management Association (UK)
Notes to the Flnanclal Statements (eontinu8dJ
Year ended 31 December 2023
Accounting policies (contlnuedj
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably rneasu￿d. The following specific policies
are applied to particular categories of income-.
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measufe reliably, in which case the value is derived from the cost to the
donor or the estimated resale value. Donated facilities and services are recognised in the
accounts when received rf the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracls for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes
any VAT which cannot be fully recoVe￿d. and is classified under headings of the statement of
financial activities to which it relates-
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resour￿. Direct costs
attributable to a single activity are allocated directly to that aclivity- Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiabl8 and consistent basis.
12

The Sustainable Natural Resource Management Association (UK)
Notes to the Financial Statements (Continu￿)
Year ended 31 December 2023
Accounting policies (eofttinu¢dJ
Flnancial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial inslruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the a￿angement constitutes a financing transaction, where
it is recognised at the present value of the future payments discounted at a market rate of
interest for a similar debl instrument.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Donations and legacies
2023
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Individuals and Trusts
Just Giving (General)
5,611
5.611
Other donations and legacies
Donations generated by Direct Mail
38,141
38,141
44,436
44,436
2022
Unrestricted
Funds
Restricled Total Funds
Funds
2022
Donations
Individuals and Trusts
Just Giving (General)
Humanitarian Assist
10.307
71
10,307
71
10,000
10,000
Other donations and legacies
Donations generated by Direct Mail
46,965
46,965
57,343
10,000
67,343
13

The Sustainable Natural Resource Management Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank Inte￿St
132
132
Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Cost of public appeals
Other costs of generating funds
17,114
4,548
17,114
4,548
21,099
4,855
25,954
21,099
4,855
21,662
21,662
25,954
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Cost of public appeals -
Direct Mail campaign
17,114
17.114
21,099
21,099
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other costs of generating funds -
UK travel
Consultancy
Donors and grant reporting
Just Giving expenses
212
3,306
1.026
311
212
3,306
1,026
311
3,306
1.026
216
3,306
1.026
216
4.548
4.548
4,855
4,855
14

The Sustainable Natural Resource Management Association (UK)
Notes to the Flnancial Statements (continued)
Year ended 31 December 2023
Expenditure on charitable activities by fund type
2023
Total
Funds
2023
Unrestricted
Funds
Reslricted
Funds
Field activity in Ethiopia -
wO￿aSha - Fuel saving stoves
500
Trainlng and support in Ethiopia -
SET staff training and operational support
Technical and policy advice
13,527
2,018
13,527
2.018
Public awareness
3,032
3,032
Support costs
8,528
8,528
27,105
27,605
2022
Total
Funds
2022
Unrestricted
Funds
Restricted
Funds
Field activity in Ethiopia .
Wofwasha - Fuel saving stoves
8,015
8,015
Training and support In Ethiopia
Visits to Ethiopia
SET staff training and operational support
Technical and policy advice
Proposal and report writing
268
8,089
2,018
5,000
2,735
3,003
8,089
2,018
5,000
Public awareness
Project development
3,032
3,032
1,015
1.015
Support costs
9,545
9,545
27,952
11.765
39.717
15

The Sustalnable Natural Resource Management Assoclatlon (UK)
Notes to the Financial Statements Iconlinuedj
Year ended 31 December 2023
Expenditure on charitable activitles by activity type
2023
Total
Funds
2023
Unrestricted
Funds
Restricted
Funds
Office costs
Accounlancy fees
Independent examination f88s
Cost of trustees, meetings
Management costs
4,051
1.426
950
83
2,018
4,051
1,426
950
83
2,018
8,528
8,528
2022
Tolal
Funds
2022
Unrestricted
Funds
Restricted
Funds
Office costs
Accountancy fees
Independent examination fees
Cost of trustees, meetings
Management costs
4,940
1,426
950
211
2,018
4,940
1,426
950
211
2,018
9,545
9,545
Independent examination fees
2023
2022
Fees payable to the independent examiner for..
Independent examination of the financial statements
950
950
10. Staff costs
The charity had no employees during the current or previous year.
11. Trustee remuneration and expenses
No remuneration or other benefrts from employment with the charity were received by the
trustees. Two trustees were re-imbursed expenses of £83 (2022: £348) during the year.
12. Debtors
2023
2022
Prepayments and accrued income
Other debtors
356
2,652
963
963
3,008
16

The Sustainable Natural Resource Management Association (UK)
Notes to the Financial Statements (coniijjued)
Year ended 31 December 2023
13. Creditors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
295
2,478
1,748
2,418
2,773
4.166
14. Analysis of charitable funds
Unrestrlcted funds
2023
At
1 January
2023
At
31 December
2023
Income Expenditure
Transfers
General funds
17,692
44,568
(48,767)
100
13,593
2022
At
1 January
2022
At
31 De￿rnber
2022
Income Expenditure
Transfers
General funds
10,013
57,350
(53,9061
4,235
17,692
The object of the charity is the advan￿ment of education. the protection of health and the relief
of poverty of the people of Africa, especially Ethiopia.
General unrestricted funds are funds held in reserve to be made available for the purpose of
furlhering the objectives of the charity whilst not being restricted to any specific project or itam of
expense.
Designated funds are general unrestricted funds which have been allocated by the Trustees, to a
particular project. These funds are not restricted by the original donor.
17

The Sustainable Natural Resource Management Association {UK)
Notes to the Financial Statements (continved)
Year ended 31 December 2023
14. Analysis of charitable funds (contlnuod)
Restrlcted funds
2023
At
1 January
2023 Income Expenditure Transfers
At
31 December
2023
Metema Covid 19
Wofwasha - Fuel saving stoves
Humanitarian Assist
600
(600
500
1500)
600
(500)
(100)
2022
At
1 January
2022 Income Expenditure
At
31 December
2022
Transfers
Metema Covid 19
wO￿aSha - Fuel saving stoves
Humanitarian Assist
600
6,000
600
(8,015)
(3,750)
{11,765)
2,015
(6,250)
(4,235)
10,000
6,600 10,000
600
These funds are specifically ring fenced for the prosects described earlier, supported by donors
and held in reserve prior to transfer to Ethiopia.
15. Analysis of net assets between funds
2023
Unrestricted
Funds
R8Stricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
16,366
(2.773)
13,593
16,366
12,773)
13,593
2022
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Current assets
Creditors less than 1 year
Net assets
21,858
(4,166)
17,692
600
22,458
(4,166)
18.292
600
18

The Sustainable Natural Resource Management Associatlon {UK)
Notes to the Financial Statements (contInu￿)
Year ended 31 December 2023
16. Related parties
Executive officer costs and allocation
These allocations are based on best estimates of time apportioned to the activities indicated.
Time °
£ cost
Charitable activities
Technical, policy and field support
Public awareness
18
26
2.018
3,032
Other expenditure
Governance
18
2,018
Cost of raising funds
Fund raising
Writing and reporting to donors
Total apportioned costs
1,026
3.306
29
100
11,400
19