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2021-09-30-accounts

Conservation Education & Research Trust

Report and financial statements

For the year ended 30 September 2021

Company number: 4373313 | Charity number: 1094467

Welcome

Welcome .......................................................3 About Earthwatch ........................................4 Equality, diversity and inclusion ..................6 Fundraising ...................................................7 Strategic report ............................................8 Soil and water .......................................10 Tiny Forest ............................................13 Corporate learning ................................15 Capacity development ..........................17 Innovation .............................................20 Naturehood ...........................................22 Strategic activities ................................24 Financial review .........................................26 Administration & governance ....................30 Independent auditor’s report to the members of Conservation Education & Research Trust ......................34 Financial statements .................................37 Thank you to our supporters .....................56

Credit: Lateral North

In my introduction in the last Earthwatch Annual Report, I described 2020 as “a year like no other.” In many ways the same could be said of 2021. A year of continued challenge and uncertainty, we were united by a passion and determination to overcome the difficulties of the global pandemic.

The power of high-quality science and collective endeavour became all the more apparent at the start of Earthwatch’s financial year. In December 2020 the world’s first COVID-19 vaccine was administered, here in the UK, to the first patient outside of clinical trials. The scale and speed of this achievement – to develop, approve and start administering this life-saving medical treatment in less than eight months – cannot be overstated. It was a superhuman effort that was celebrated around the world and brought hope to billions.

Yet as society began to return to ‘some semblance of normal life’ this year, many of us remained aware of the lengthening shadow of a much greater threat to our existence. Climate change, pollution of our natural resources, catastrophic loss of biodiversity – our planet is at crisis point, and the threat to human life is far greater than anything we have so far experienced.

If this year has shown us anything, it is what we could achieve when we work together, invest in and engage with science. We know that the transformation that our planet needs, that will enable us to live within our means and in balance with nature, is possible. We mustn’t lose sight of it.

Earthwatch, a scientific organisation that is built on bringing people together for the benefit of the planet, has an important role to play in the face of this crisis. The fact that our charity has been able, throughout this difficult year, to achieve all that it has is a matter of great satisfaction to me and the Board of Trustees.

From bringing Tiny Forests to urban communities, to highlighting the extent of pollution in our waterways, our work is needed – and the Earthwatch team was determined to deliver it.

This year marked two important moments for Earthwatch Europe. The first was a cause for huge celebration: the 50th anniversary. Founded in Boston in 1971,

Earthwatch’s impact on environmental and conservation issues has since spanned the globe, in partnership with members of the public, scientists, educators and businesses. Our anniversary marked an opportunity to reflect on that impact and also to look forward, to recalibrate and set out on a path of action and empowerment.

In looking forward, we came to our second significant focus of work: the half-way point in our five-year strategy. Acknowledging the radical change the world had experienced since the creation of that strategy, Steve Andrews, our outstanding CEO, and his Executive Team conducted a detailed review of Earthwatch’s portfolio to ensure that we were achieving our important charitable aims as effectively as possible. I encouraged close joint working between our Trustees and Executive Team to collaborate on challenges and objectives. That process resulted in some tough decisions to pause or end some activity and reallocate resource to the areas where we can have the greatest impact. It also provided an opportunity to reinvigorate those areas, establishing a new vision for our work and a new determination to achieve it.

There is an impressive new energy running through Earthwatch as we close out this financial year. This puts us on an exciting and sound footing for the years to come.

Lucian J Hudson Chair, Earthwatch Europe

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About Earthwatch

Driving the change needed to live within our means and in balance with nature.

Our planet – and all life on it – is facing unprecedented challenges. Climate change and loss of biodiversity threaten our very existence and the beauty of the world as we know it.

Science has identified the causes of these challenges, and science is essential if we’re to face and solve them.

Earthwatch is an environmental charity with science at its heart.

We connect people with the natural world, monitor the health of our natural resources, and help people take action to have a positive impact.

We work together with scientists, businesses, civil society and policy-makers to drive the change we need to live within our means and in balance with nature.

Our work focuses on many environmental challenges, including climate change, biodiversity loss, freshwater pollution, sustainable agriculture and life in cities.

What we do

Helping companies to transform

Educating future generations

Advancing citizen science

Enabling action

Inclusive Objective Passionate Empowering Responsible

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Our values

Equality, diversity and inclusion

Earthwatch Europe has had an equal opportunities policy for many years. The opening paragraphs say:

Earthwatch is committed to eliminating discrimination and encouraging diversity in our workforce. To that end our policy is to provide equality and fairness for all in our employment or those applying for employment.

Earthwatch will take all reasonable steps to employ, develop and promote people on the basis of their experience, abilities and qualifications without regard to sex, marital or civil partnership status, race, gender reassignment, religion or belief, sexual orientation, pregnancy or maternity leave, age or disability.

Earthwatch will also take all reasonable steps to provide a work environment in which all who work with us are treated with respect and dignity and that is free of harassment based upon an individual’s sex, marital or civil partnership status, race, gender reassignment, religion or belief, sexual orientation, pregnancy or maternity leave, age or disability.

This policy addresses Earthwatch’s goals and responsibilities as an employer. However, as an organisation we intend to reach beyond that narrow definition.

We therefore set up a Working Group to work towards embedding equality, diversion and inclusion in the culture of Earthwatch. The Board of Trustees agreed five priorities created by this group for FY22:

and inclusion within our recruitment processes

In addition, we will join the Diverse Sustainability Initiative. This is a coalition of environmental organisations committed to addressing the poor racial diversity within the environment sector, which has been set up by the Institute of Environmental Management and Assessment (IEMA). Each member is required to:

The Equality, Diversity and Inclusion (EDI) Working Group will also look at other Charters that we might sign up to, including the Race at Work Charter set up by Business in the Community; alongside others that address the discrimination of other minority or under-represented groups. There is much work to do to ensure that these priorities deliver real change. The EDI Working Group will focus on pursuing these priorities. Each member of the group – including the CEO – now has EDI related goals within Earthwatch’s performance management system.

Fundraising

Earthwatch Europe receives the majority of its income from corporate partners. We work with some of our partners to embed sustainability within their business. Other partners support us to deliver public engagement and education programmes. Each corporation we partner with is assessed in line with our partnership ethics policy.

Income from research grants remains an important source of funding across many of our programmes. Earthwatch’s recent accreditation as an Independent Research Organisation has enabled us to partner and lead on several proposals to the UK research councils, and the establishment of our Netherlands office has expanded our ability to continue partnering with EU research organisations.

Income from Trusts and Foundations is of growing importance to Earthwatch as we continue to diversify our income streams. Earthwatch works with a variety of organisations to help fund our work to connect people to nature, monitor the health of our natural resources and promote impactful actions to reduce environmental impact.

Earthwatch has also maintained a steady income from individuals. As in previous years, individuals are able to support us via one-off donations, recurring donations, and sponsorship for marathons and other events. We continue to explore new funding routes for individuals, including digital media platforms and merchandise options, using online stores where we do not need to prepurchase stock.

Earthwatch is a member of the Fundraising Regulator. All our fundraising activity was carried out by internal staff members and approved third party providers in 2021, and we have a number of policies in place to ensure our fundraising activity is transparent.

We have ensured that all fundraising was in line with relevant data protection regulations. We received no complaints about our fundraising practices in 2021 (2020: none).

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Strategic report

Objectives and achievements

In our landmark 50th year, the COVID-19 pandemic continued to present unprecedented challenges. Earthwatch rose to meet them with a renewed approach following a thorough strategic review to ensure we were maximising our impact. This review resulted in a streamlined portfolio of programmes and a change in the way we report on our achievements to create greater clarity.

Highlights from 2021 at a glance

UK, Italy, Hungary and Romania for the MICS project.

Capacity development

We supported 25 early-career scientists from around the world through both the NERC-funded Virtual Community Science Camp and the Neville Shulman Awards.

Cos4Cloud has seen us work across the whole consortium of partners to develop promotional strategies for each of the 11 technological services aimed at helping citizen science projects to increase the quantity and the quality of observations.

We brought outdoor learning to over 10,000 pupils through our Earthwatch Education network of over 1,000 educators, predominantly in areas facing multiple levels of deprivation.

Our EU-Citizen.Science workshops gathered input from across the European citizen science community in determining the most robust ways to engage with the public and policy maker audiences.

We produced inspiring, creative and curriculum-linked learning resources and workshops in collaboration with LEGO and Guinness World Records.

Naturehood

A successful communications campaign increased the size of our Naturehood Facebook community to 30,000 followers in a matter of weeks.

Corporate Learning

More than 1,800 HSBC staff participated in our tailored Sustainability Training and Leadership programmes, which engage and empower HSBC’s employees around the world to embed sustainable practices into their day-to-day work, in support of HSBC’s climate plan and sustainability strategy.

We facilitated peer support for the network of 48 Community Leaders through the development of our Community Leaders’ portal, which houses training, resources and templates.

We designed a new virtual learning programme to inspire and empower employees across Shell, our long-term partners, to understand and activate the key themes of the Environmental Framework, with over 250 employees participating in the pilot phase.

Soil and water

We were commissioned by Tate & Lyle to conduct research into the environmental sustainability of stevia production, with results expected in FY22.

We were awarded funding from the United Nations Environment Programme (UNEP) to implement an optimally-designed water monitoring scheme in Sierra Leone.

Innovation

Eight Earthwatch scientists were among over 100 international experts on citizen science, who contributed to The Science of Citizen Science , a new book that provides a comprehensive point of entry for academics around the world who wish to add citizen science into their research or teaching curriculum.

Defra and the UK Environment Agency commissioned us to advise on how citizen science can be integrated into national fresh water statutory monitoring in the UK as part of the government’s 25 Year Environment Plan.

We completed the co-design and impact assessment frameworks with each of the four case study sites in the

We published 10 papers drawing on FreshWater Watch citizen science data and held two successful panEuropean WaterBlitzes.

Tiny Forest

We planted 16 new Tiny Forests across the UK, equating to 9,600 trees and 3,267m2 of urban woodland habitat created.

We directly engaged 865 volunteers, including 498 students and 178 teachers as part of our Tiny Forest Education programme. 765 of these volunteers were trained as citizen scientists to collect data from the forests to assess their growth and benefits using a variety of monitoring techniques.

We created and launched a dedicated online Tiny Forest Portal to showcase the growing Tiny Forest movement and each individual forest.

We delivered 16 Science Days across the Tiny Forest network, collecting data to assess the environmental benefits of these young forests.

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Spend: £734,000

Soil and water

Working to understand and address the pressure from human activity on our freshwater bodies and agricultural landscapes

Introduction

Following the FY21 strategic review, two areas of work – sustainable agriculture and fresh water – were streamlined into one programme: soil and water.

We work with communities across the globe, empowering citizen scientists to monitor the health of the fresh water on which we all depend. We support community groups to campaign for cleaner water and support farmers, policy-makers and all parts of the agricultural supply chain to take steps towards more sustainable agricultural practices.

Objectives FY21

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Achievements FY21

In FY21, we reviewed our programme strategy and agreed a bolder vision of our future as well as the path to reach our goals. Our goal is to have 100,000 people safeguarding 10,000 water bodies across Europe and Africa, by 2030.

We secured funding from the United Nations Environment Programme (UNEP) to implement an optimally-designed water monitoring scheme in Sierra Leone. This followed the publication of a paper, in collaboration with UNEP and the Zambian Water Resource Authority, in Sustainability showing the value of citizen science monitoring progress towards delivering UN SDG 6. This SDG aims to ensure availability and sustainable management of water and sanitation for all.

As pioneers of the citizen science movement, we were pleased to be commissioned by Defra and the Environment Agency to advise on how citizen science can be integrated into national fresh water statutory monitoring in the UK as part of the Government’s 25 Year Environment Plan. Our research found that the WaterBlitz data, supplemented by localised ongoing monitoring by community groups, fills current data gaps and provides information that is not currently collected by the Environment Agency. Importantly, the WaterBlitz model covers a large spatial area and its potential to be scaled nationally to inform national decision-making was recognised. The value of our citizen science programme was also recognised in parliament, as the UK Government’s Environmental Audit Committee heard evidence for their enquiry into water quality in rivers. We also laid the groundwork for leading a water quality working group with the Evenlode Catchment Partnership, working with Thames Water in FY22.

In scientific outputs, we published 10 papers drawing on the FreshWater Watch citizen science data in FY21. A particular highlight was our work with Dublin City University, through which we published a paper in Science of the Total Environment that demonstrated the added value of citizen science for statutory environmental monitoring, including monitoring progress towards the UN SDGs.

10 new FreshWater Watch community groups joined the movement in FY21, in Tuscany (Italy), Lilongwe (Malawi), Rokel River (Sierra Leone), Jiansu province (China), Lake Balaton (Hungary), Cork and County Limerick (Ireland), Disley, County Fermanagh, Somerset, Loch Leven and the Esk Rivers (UK). In collaboration with Naturalis Biodiversity Centre, we added a Dutch language version to the FreshWater Watch platform and app, bringing the total number of available languages to nine.

FY21 also saw the successful continuation of our annual WaterBlitzes – events bringing together local communities to take measurements in their local waterbodies over one weekend. The Spring WaterBlitz spanned the Thames Valley, Luxembourg, Paris and Dublin and became the biggest WaterBlitz event to date, collecting 1,568 water quality measurements. The report revealed that levels of phosphates and nitrates (key indicators of the health of a waterbody) were elevated in a large number of waterbodies measured by volunteers. The Luxembourg, Paris and Dublin locations were made possible by the FreshWater Watch partnership with Royal Bank of Canada.

The Autumn WaterBlitz took place in September, marking the first time this event has been held in Eindhoven (the Netherlands) and the 12th in the Thames catchment area. A total of 631 measurements were recorded, bringing the global number of FreshWater Watch datasets to over 30,000. Measurements taken by citizen scientists during the WaterBlitz showed stark differences in water quality between the two countries, with only 12% of measured water bodies in the Thames considered as ‘good quality’, compared to 49% in Eindhoven.

The relationship between soil and water took us beyond the UK and the Netherlands in FY21, to China – the largest producer of the sweetener stevia. Tate & Lyle commissioned Earthwatch to conduct research into the environmental sustainability of stevia production. The study follows previous research conducted by Earthwatch and the Nanjing Agricultural University in 2019 to assess the environmental and socioeconomic impact of stevia farming and identify opportunities for improved farming practices (eg reduced fertilizer use).

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Spend: £871,000

Tiny Forest

Bringing the benefits of a forest into the heart of our cities and urban spaces

Introduction

The Tiny Forest movement brings the benefits of a forest – connecting people with nature, raising awareness of the environment, helping to mitigate the impacts of climate change and supporting biodiversity – right into the heart of our cities and urban spaces. Each Tiny Forest is a dense, fast-growing native woodland, typically the size of a tennis court.

This programme has seen significant growth in FY21. Following our first Tiny Forest planted in Witney (Oxfordshire) in FY20.

Objectives FY21

Our initial ambition for this innovative programme is to plant 150 Tiny Forests by 2023.

We moved closer towards this goal in FY21 with the following objectives:

The current partnership focuses on a key growing region for stevia in China, the Dongtai region in the Jiangsu province. Stevia farms were selected to study the effect of alternative fertiliser methods on plant growth, leaf dry weight and steviol glycoside content. The chemical and physical properties of soil, nutrient utilisation and nutrient loss were studied over the 2021 growing season. Farmers were then trained to measure nutrient loss to surface waters and superficial (below root zone) ground water by using methods aligned to FreshWater Watch. Results of this study are expected in 2022.

To broaden our opportunities in sustainable agricultural research and action, we developed the Soil Health Toolkit. This set of simple protocols to measure physical, biological and chemical soil properties was tested with farmers in the UK and provided them with valuable insights into the health of their soils. We also co-founded the UKSoils partnership, an ambitious new initiative that aims to kickstart a nationwide appreciation and understanding of the economic, societal and ecological importance of soil health to support action and research.

We ended the financial year with the good news that we won a grant from the Dutch Deltaplan Biodiversity Innovatiefonds, in collaboration with Aeres Hogeschool and de Vlinderstichting, to use Freshwater Watch and the Soil Health Platform to support two groups of farmers who are looking to apply more nature-inclusive farming practices. Results of this work are expected in FY22.

The Earthwatch Hong Kong Awards

Earthwatch has operated in Hong Kong since 2007, when we established a programme of activities there in conjunction with the HSBC Water Programme. This year we launched the Earthwatch Hong Kong Awards for candidates developing public engagement activities that encouraged residents to take action to protect our planet.

We looked for projects which would deliver value to communities, invest in the next generation and strengthen environmental awareness. In particular we sought applications from early career researchers (registered postgraduate students) wanting to share their knowledge and passion for the environment with the wider public of Hong Kong.

Six winners were selected and each awarded a grant of 15,000HK$ (approximately £1,400) to fund the projects they detailed in their applications. Many of the winners focus on engagement around marine and coastal environmental issues, targeting young people, including secondary school students and the wider public. The winning projects look at ecosystems, dolphins, bringing natural science research to youth and the public, combining art and wildlife conservation to engage communities, youth conservation leadership and coral restoration.

Achievements FY21

FY21 saw 16 new Tiny Forests take root across the UK. These pockets of green space were planted in Oxford (2), London (2), Bristol, Glasgow, Jersey, Leicester, Birmingham, Lancing, Wolverhampton, Swindon, Newbury (2), Doncaster and Barnsley. This equates to 9,600 trees and 3,267 m[2] of urban woodland habitat created. Although this is below our target of 25 Tiny Forests, we are pleased with this progress given the challenging circumstances delivering the project during the ongoing pandemic and have a strong pipeline of forests to plant in FY22 and beyond.

Despite COVID-19 restrictions and national lockdowns, we directly engaged 865 volunteers, including 498 students and 178 teachers as part of our Tiny Forest Education Programme. 765 of these volunteers were trained as citizen scientists to collect data from the forests to assess their growth and benefits using a variety of monitoring techniques. For each Tiny Forest we also recruit volunteer Tree Keepers – engaged individuals who look after their local forest with activities like weeding and litter picking. In FY21 we recruited a growing network of 79 Tree Keepers.

To further support engagement with our Tiny Forest communities, we created and launched a dedicated online Tiny Forest Portal to showcase the growing Tiny Forest movement and each individual forest. This tool enables easy and effective data collection and analysis to support the Tiny Forest monitoring programme as well as providing a community forum space for Tree Keepers and partners. We also produced a suite of engaging resources to support delivery of the Tiny Forest programme, including educational resources for school teachers, Tree ID guides and userfriendly surveys for each one of our environmental research topics.

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Given the growth of the project in FY21, we have worked hard to refine our delivery model to ensure scalability, efficiency and to maximise collaboration opportunities. For example, our exciting new partnership with Severn Trent Water will see us provide training on the Tiny Forest methodology to co-deliver 72 forests across the West Midlands in FY22. We have also partnered with NatureScot to train Scottish Local Delivery Partners on the methodology. In FY22, we are on target to establish 40 Tiny Forests, as well as delivery of our collaborative partnerships with Severn Trent and NatureScot.

Between May and September 2021 we delivered 16 Science Days across the Tiny Forest network, collecting data to assess the environmental benefits of these young forests. Data analysis is underway and preliminary results will be available from FY22. In addition to our core citizen science monitoring, we supported four Master’s students to conduct social and environmental research on the Tiny Forest project in FY21. Social research projects assessed people’s levels of nature connectedness (finding that Tiny Forest participants demonstrated high levels of nature connectedness), and explored public perceptions of ecosystem services which showed support for complex, interactive urban green space interventions such as Tiny Forest. The environmental research looked at soils in Tiny Forests using multiple indicators of soil quality. These projects provide a valuable baseline to see how soil quality, nutrient availability and biodiversity change over time. Following the success of this research, we plan to expand our engagement with postgraduate students in FY22.

These achievements would not have been possible without our amazing supporters and partners. In FY21 we have worked with 14 local authorities, 5 businesses and 7 pre-existing community groups to fund and deliver the project. We were also successful in securing a grant from the Defra Green Recovery Challenge Fund to establish 12 Tiny Forests. The achievements of FY21 have laid the groundwork for incredible growth of the Tiny Forest movement in FY22.

Corporate Learning

Spend: £232,000

Equipping people with the skills, passion, knowledge and networks to accelerate impact-led sustainable transformation

Introduction

Earthwatch has over 30 years’ experience partnering with business to provide award-winning corporate sustainability learning and engagement programmes.

Our corporate programmes support employees at all levels to engage with sustainability challenges, enabling them to make decisions and take actions that catalyse sustainability transformation within the business.

We empower people with the skills, passion, knowledge and networks to accelerate impact-led sustainable transformation.

Our programmes support leadership and professional development, using science and nature as a lens through which leaders gain new insights on their practice and professional goals, and the challenges of decision making under uncertainty.

Objectives FY21

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Capacity development

Spend: £267,000

Supporting and empowering educators, pupils, early-career scientists and communities

Achievements FY21

In order to make our corporate learning offering clearer for potential new partners, in FY21 we updated the way we talk about our learning programmes to make them more accessible and business relevant, with the aim of helping more companies empower their staff around their sustainability strategy and in taking action for the environment.

FY21 saw more than 1,800 HSBC staff participating in our tailored Sustainability Training and Leadership programmes, which were substantially redesigned in 2020 to a suite of modular online sessions following COVID-19 restrictions. We continue to deliver these sessions for HSBC across a number of business units in Europe, Asia and the Middle East. This activity builds on our long history with HSBC – we’ve worked with them for over 20 years and engaged with over 20,000 employees on a range of environmental issues from water pollution to climate change and the need for urban resilience.

Our tailored Sustainability Training and Leadership programmes engage and empower HSBC’s employees around the world to embed sustainable practices into their day-to-day work, in support of HSBC’s climate plan and sustainability strategy.

In FY21 we continued our work with Shell, another organisation we’ve worked with for over 20 years. We planned in response to the launch of the new Shell Respecting Nature goal and the ongoing restrictions caused by COVID-19. Our approach aims to generate new knowledge and commitment to the environment, enhanced internal networks, and opportunities to develop leadership skills, that help build employee momentum around Shell’s Respecting Nature commitments as part of their Powering Progress strategy.

We’ve designed a new virtual learning programme to inspire and empower employees across the organisation to understand and activate the key themes of Respecting Nature. The initial focus has been a series of introductory sessions for all employees, where over 250 people have taken part in the pilot phase. Our activity will include further roll out of the general introductory sessions, leadership workshops, and a programme targeting environmental practitioners in the coming months. A connection to nature and a fundamental appreciation of global challenges is embedded across the programme. In FY22 we plan to extend this to include in-person activities, mentor development packages and regional learning experiences.

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Introduction

We work with teachers and educators, particularly in areas experiencing multiple layers of deprivation, to build confidence, motivation and knowledge in environmental and outdoor learning, to inspire the next generation and empower them to take positive action for the planet.

We have a long history in providing career development training and capacity building opportunities for early- to mid-career researchers, in the UK and overseas. We continue to deliver programmes to support the development of environmental professionals, particularly those who have limited access to funding, training or support but who are committed to community engagement in science.

We support communities directly through activities and opportunities to connect to citizen science projects such as Tiny Forest, FreshWater Watch and Naturehood; indirectly through developing outreach and co-creation skills in earlycareer researchers; and by working directly with communities in Birmingham to understand how different groups connect to and use the environment.

Objectives FY21

National Environmental Research Council (NERC) Engaging Environments Programme:

Earthwatch Education:

Provide research and training grants for environmental scientists in the early stages of their careers through the Earthwatch Neville Shulman Awards

States of Jersey Next Generation Programme:

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Through the Teach Earth programme, we have built collaborative partnerships with six universities and teacher training providers across the UK, delivering an in-person and online learning programme of outdoor and environmental education professional development.

The Tiny Forest Schools programme has engaged schools across the UK, from Jersey to Glasgow, getting pupils hands-on with planting their own Tiny Forests, training teachers and pupils in citizen science monitoring techniques, and creating inspiring teaching resources for ages 4-16 to facilitate a strong and sustained connection to nature.

The Earthwatch Education team created a suite of 206 learning resources and 13 workshops independently and in collaboration with LEGO and Guinness World Records to enable educators to lead inspiring, creative and curriculum linked environmental education for ages 4-16, all hosted on our Earthwatch Education online platform. Key stage two and three STEM Challenges will soon be added to engage the next generation in solutions thinking in creating climate-proof cities.

Achievements FY21

NERC

Our Community Engagement Officer has worked with communities, a wide range of groups and individuals across Birmingham, leading events and joining activities such as planting days, pond creation, creation of pollinator gardens, a sustainability festival and tree planting. We are an active member of Birmingham Engaging Environments Community of Practice (BeeCOP) which brings together staff from the University of Birmingham, local environmental organisations and social enterprises to find better ways of connecting the public to science, and academics to communities.

Elsewhere in Birmingham, we commissioned BLESST, a social enterprise, to produce a short film exploring the stories of local communities and their connection to nature. The first live screening to those involved was held at the BLESST Centre in September, alongside an online screening option.

We co-created and ran the Virtual Community Science Camp between May and June in FY21. 19 early-career scientists from around the world took part and engaged in workshops over a five-week online training course to deepen their understanding around engaging communities in their research. With contributions and content from a wider range of partners and experts we have produced materials and resources which will be accessible beyond the scope of this course.

Neville Shulman Awards

The FY21 Earthwatch Neville Shulman Awards allowed us to support six early-career conservationists from Malawi, Kenya and Madagascar. The Awards enabled them to deliver research and education projects focusing on Nature in Cities, the Impacts of Climate Change, Freshwater Pollution and the Loss of Wildlife. Their work especially focuses on the local communities affected to empower them to create sustainable change.

States of Jersey programme

Through the States of Jersey Next Generation Fund we were able to offer two FY21 internship placements. The internships included a place on the Virtual Community Science Camp. We engaged 9 community members, 130 students and 10 teachers through Jersey Tiny Forest.

Earthwatch Education

Our Earthwatch Education programme focuses its efforts in engaging and inspiring schools, educators and pupils in areas experiencing multiple levels of deprivation. Within our Teach Earth and Tiny Forest Schools programmes, this has been a key element in how we choose who we work with, where we base the Tiny Forests and how we design and deliver our learning programmes, using guiding criteria to ensure equitable access to our programmes and environmental education.

Early-career scientists

Communities

Earthwatch Education

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Number of Number of Number of
Area of work Area of work Area of work
people people people
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Area of work Number of
people
Number of
people
Area of work Number of
people
Virtual Science
Camp
19
2
6
50 x events
> 480
Teacher Training
Programmes
962 formal
and informal
educators at
different career
stages
Jerseyinterns
Neville Shulman
Award winners
8,210 additional
pupils via work
with teachers
Tiny Forest 498 pupils,
178 formal
and informal
educators
2,154 additional
pupils via work
with teachers
Online platform 6,298 users
185,201 comms
reach

Total: 27 Total: >480 Total: 203,501

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Spend: £499,000

Innovation

As a leader in science and engagement, we trial innovative tools and approaches to improve our own practice and that of the wider scientific community

Introduction

Earthwatch is a global pioneer in developing the discipline of citizen science, conducting our own in-house research and partnering with other organisations to create knowledge, build resources and establish best practice for the wider scientific community.

The majority of this work currently takes place within four European funded projects:

We also have a diverse network within the citizen science community, with whom we collaborate on new research proposals that support our organisational objectives, and publish original research into the science of citizen science.

Objectives FY21

Our Innovation research focuses on:

*These projects have received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No.s 776480 [MONOCLE], 824711 [MICS], 824580 [EU-Citizen.Science] and 863463 [Cos4Cloud].

Achievements FY21

In FY21 we have continued to feel the impact of COVID-19 across our projects with delays and/or restrictions for fieldwork and engagement activities.

For MICS , with great efforts from all partners, we were able to complete the co-design and impact assessment frameworks with each of the four case study sites in the UK, Italy, Hungary and Romania. We’ve also continued to develop the online platform that will enable citizen science project coordinators to utilise the same techniques to really understand and measure the impact of their citizen-science project at any stage of the project’s lifecycle. MICS will also enable citizen scientists to measure the difference they have actually made to their environment, the economy, society, governance and science. The project has been extended to enable all objectives to be fully achieved.

MONOCLE has also been extended to enable more time for the project partners to complete all aspects of the project. We’ve continued to support local FreshWater Watch field work in Sweden, Brazil and Tanzania and our work on exploitation has delivered clear plans to ensure the outputs of the project will have maximum impact. Similarly our work on Cos4Cloud has seen us work across the whole consortium of partners to develop promotional strategies for each of the 11 technological services aimed at helping citizen science projects to increase the quantity and the quality of observations.

For EU-Citizen.Science we ran and supported several workshops to gather input from across the European Citizen Science community in determining the most robust ways to engage with the public and policy maker audiences. These contributions have been summarised and shared on the eu-citizen.science platform.

Eight Earthwatch scientists were among over 100 international experts on citizen science, who contributed to The Science of Citizen Science , a new book that provides a comprehensive point of entry for academics around the world who wish to add citizen science into their research or teaching curriculum. The landmark open-access publication was released in January 2021 by Springer publishing, and features three chapters authored by Earthwatch staff.

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Naturehood

Supporting urban wildlife through community engagement

Introduction

Naturehood is a wildlife project with a difference. Not only does it empower individuals to take wildlife-friendly actions in their own green space, it also brings people together to make changes around their neighbourhood. These community-scale strategies are designed to:

Objectives FY21

Achievements FY21

The start of the new financial year saw Naturehood seeking to consolidate its transition from a community-based, Lottery-funded pilot to a digital-first offering. The ongoing pandemic and associated lockdowns created a very challenging environment for Naturehood which, as a programme, centres on facilitating in-person community connection.

The substantial growth of our digital user base in FY20 resulted in 48 registered community groups taking part in Naturehood around the country. Following an evaluation of Leader needs during the first quarter of FY21, we developed a raft of new guidance to help them organise their efforts (for example, how to form a committee or identifying the best channels to get people involved). We also facilitated peer support and sharing of best practice through the development of our Community Leaders portal, which houses training, resources and templates.

We launched a highly successful communications campaign in January which increased our Naturehood Facebook page to 30,000 followers in a matter of weeks. The Facebook page has become the social hub for Naturehood that unites individuals who share a passion for wildlife and provides them with ideas, inspiration and guidance on how to help nature thrive in their local area. Some of our page followers have since supported Naturehood financially through birthday fundraisers, a Pollinators summer appeal, merchandise sales and direct donations.

At the start of the year we had identified the need to engage more diverse community representatives, and sought to target key under-served audiences: young

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Spend:
£199,000
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people, BAME groups, and disadvantaged communities. As such, we applied for two large grants from the Green Recovery Fund and National Lottery Heritage Fund to enable this, but we were sadly unsuccessful in securing that funding in an environment which, due to the pandemic, had become increasingly competitive.

In the Netherlands we teamed up with Drift (Dutch Research Institute for Transition) to adapt the Naturehood concept to the needs of Dutch cities and communities. Through this collaboration and a range of conversations with stakeholders, we established a need for better integration of climate change and biodiversity action and better long-term monitoring. To address this, we developed the Dutch Naturehood concept, which embodies the full Naturehood community approach and is centred around co-creation, coaching and citizen science.

We continue to seek funding with a more ambitious vision for the community-based elements of Naturehood, which aims to create greater equity of access to green space, enhances a sense of belonging and improves mental and physical wellbeing for groups who are underrepresented in the conservation movement.

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Strategic activities

Spend: £274,000

Growing our networks to maximise our impact and funding base for the future

Introduction

During 2021, our 50th anniversary year, we explored and delivered several new initiatives. These strategic activities were designed to innovate, expanding our reach and approach to engaging the public with environmental action, and also support our fundraising activities, ensuring that we continue to have impact and financial security for the next 50.

Objectives FY21

Achievements FY21

To bring our work to more people by piloting ‘Earthwatchers’, a citizen science platform that makes tangible links to the big issues of our time and offers an engaging and rewarding long-term experience to participants.

We launched Earthwatchers on 1 February 2021, and within the subsequent weeks saw over 2,000 users register on the platform, participating in our first three projects:

  1. RiverWatch: Plastic Pollution, which enabled participants to choose a location near a river, stream, canal or estuary and then count and categorise the litter they find.

To explore a potential partnership with the Hill End Outdoor Education Centre in Oxford, including the benefits to Earthwatch of having a physical site on which to run activities supporting our charitable mission.

  1. Your Household Footprint, which gives users the opportunity to track up to three different household activities that contribute to our carbon footprints (travel, recycling and heating).

In partnership with Mitsubishi Corporation, take our decade long coral reef research in the Seychelles into active conservation, by focusing on certain reef areas and species that are better able to withstand thermal events and applying an innovative approach of coral restoration, the Mars Assisted Reef Restoration System. This project contributes to finding solutions to coral loss and the impact of climate change.

  1. Tree Tracking, an ongoing project where participants monitor a tree, or set of trees, over a period of time to help us build a dataset on trees in different environments.

Survey responses (at three months after the launch) showed that 83% of participants enjoyed contributing to scientific research, with 67% also saying that they feel part of a wider movement.

To mark 50 years of Earthwatch in an anniversary publication and at a celebration event, reflecting on our achievements and reconnecting with supporters to share our future direction.

As a result of the strategic portfolio review in June 2021, however, Earthwatchers was ‘paused’ to allow increased focus, and impact, in other programmes of work. The site remains fully functional and we look forward to implementing the valuable insights and learnings we have gained from the pilot, and continuing work on this project at a suitable time in the future.

We commissioned a feasibility study for a potential partnership with Hill End, drawn up by visitor attraction agency TVAC. This work was supported by a working group of staff and Trustees to establish Earthwatch’s vision for the site and identify connections between our charitable mission and that of Hill End. Although the feasibility study highlighted significant opportunities for both income generation and environmental impact, both charities decided not to continue exploring this avenue because it took them too far away from their core mission. However, Earthwatch will remain open to exploring opportunities to develop new ways of engaging the public with the environment in this manner.

Our work in the Seychelles on coral conservation with the support of Mitsubishi was impacted heavily by COVID-19 and our inability to travel. We are in conversations with our local partner, SNPA, to discuss the legacy of this 15year project, but have taken the decision, together with Mitsubishi, not to continue it.

We produced our publication 50 Years of Creating Knowledge and Inspiring Action , a collection of 50 stories demonstrating the impact of Earthwatch’s work and the subsequent change it has inspired for so many who encounter it. Our anniversary appeal, which included sponsorship of the celebration book, raised £25,000 from sponsors, through both individual and corporate philanthropy.

The year culminated in the 50th anniversary celebration event, generously supported by the Mitsubishi Corporation Fund for Europe and Africa. The event was a resounding success, bringing together more than 200 supporters and proving to be a powerful tool in reconnecting, rekindling and initiating relationships. It showcased our new projects and approaches, and enabled us to further develop relationships with donors, charitable trusts and foundations, corporate partners and community fundraisers. In total there were approximately 200 attendees, over 20 speculative conversations were initiated about future projects, and more than £5,000 was raised directly.

Earthwatch and Mitsubishi Corporation have worked together since 1993, making the company one of our longest-standing partners.

Coral reef conservation is one of Mitsubishi Corporation’s key areas of focus for their environmental work. As well as funding the Global Coral Reef Conservation Project since 2006, Mitsubishi Corporation has also played a vital role in supporting local scientists, funding training opportunities for more than 70 local scientists within the East African region, and assisting research directly through volunteering opportunities for employees. We are very proud of the impact of this partnership, through which Seychelles coral reefs have become more resilient, protecting these vital ecosystems against climate change and other threats.

In addition to our work on coral reefs, Mitsubishi Corporation has supported Earthwatch through its charitable foundation, the Mitsubishi Corporation Fund for Europe and Africa. The funding we have received over several years has enabled Earthwatch to reach out to new audiences through a range of public debates, film competitions and engagement initiatives. We are grateful for their support of the Earthwatchers initiative and the 50th anniversary celebration during the challenging financial landscape we faced in 2021.

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Financial review

Summary

2021 was a year of transition for Earthwatch Europe, with a reduction in some of our longstanding sources of funding but positive advances in securing a wider breadth and number of new funders. These green shoots were set against the backdrop of the continuing global pandemic, which prevented face-to-face activity for much of the year. As a result, our income has reduced from £2.1m in 2020 to £1.3m in 2021, but with long-term funding agreed during the second half of 2021, we are likely to see a bounce back in 2022.

In spring, we undertook a planned strategic review. This was the halfway point of our 2019-2023 strategy, a chance to reflect on what was going well and to consider whether the organisation was on track to meet its impact and income expectations. The conclusion of the review was that our set of programmes was too broad for effective fundraising and was diluting our potential for impact. During the summer, the number of programme areas were reduced to prioritise those that are most effective and impactful; each of these priority areas has a revised delivery and impact plan to accompany it. This has allowed more concentrated and effective fundraising strategies, from which we are beginning to see the results.

Whilst we anticipate an increase when we look ahead to 2022 and are pleased with the progress being made since the strategic review, the need to secure new sources of income and impact remains urgent. The £1.1m reduction in unrestricted funds was planned in order to develop and grow our activities, but further substantial reductions will quickly erode our General Funds.

As we look ahead to 2022, we are projecting a lower reduction in general reserves of less than £1m. This projection relies on us meeting challenging new income targets, but the progress made in 2021 has been carried into the early part of 2022 and so we are currently on track to meet these. In light of the ongoing challenge, the Board will continue to scrutinise ongoing financial results and future forecasts.

The financial results relate to the operations of Earthwatch Europe (Conservation Education & Research Trust); please see below for the range of connected international charities within the Earthwatch family. Whilst our focus is on the UK, Europe, Africa, the Middle East and India, we have many programmes that take us further afield and a number of international programmes in which we collaborate with other Earthwatch charities.

Expenditure

Income

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2021 2020 Type of 2021 2020
Source of income % change % change
(£‘000) (£‘000) expenditure (£‘000) (£‘000)
Corporate Cost of raising
705 1,159 -39 498 592 -16
partnerships funds
Research grants 148 438 -66 Soil & Water 734 1,146 -36
Trust, foundation Tiny Forest 871 9 9,578
189 107 +77
and other grants
Corporate
232 1,279 -82
Major donors and Learning
20 35 -43
legacies
Capacity
267 275 -3
Unrestricted Development
72 80 -10
individual income
Innovation 499 565 -12
Interest and
Naturehood 199 684 -71
investment 119 150 -21
income Strategic activities 274 41 568
JRS Income 18 88 -80 Total 3,573 4,594 -23%
Total 1,271 2,056 -38% Total expenditure reduced by close to £1m from
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Total expenditure reduced by close to £1m from 2020 to 2021. This reduction was pandemic-induced: many activities had to be delayed or cancelled due to ongoing restrictions. This was particularly relevant in some areas such as corporate learning, where a larger programme of in-person events was possible in the first half of 2020.

Income has reduced by 38% from 2020 to 2021, predominantly from reductions in research grants and corporate partnerships.

The reduction in research grants is just an output of the payment schedules within these projects, with funds received in advance for activities in this financial year. In terms of corporate partnership income, this reduction is due to a single partnership with Shell. The funding for the partnership was over £900k in 2020 but, due to COVID-19, that funding will now spread over a period of more than two years.

Reductions in expenditure were offset by the success of our Tiny Forest programme, where socially distanced planting was possible under most COVID-19 restrictions and community and school events were able to start again during spring.

Expenditure is classified into our six strategic programmes of work, along with fundraising on the Statement of Financial Activities (SOFA). Objectives and achievements in each area are laid out above in the Trustees Report and a detailed analysis of expenditure is shown in Note 6 of the financial statements below.

When we look past the Shell partnership, we have had a positive year in both corporate partnerships and grants, with new sources of funding from a much wider range of partners including Defra, Fever-Tree, Thames Water, Severn Trent and Tides Foundation.

Income from the job retention scheme reduced as we welcomed staff back from furlough in 2021 and investment income was weaker in 2021.

Earthwatch Ltd (registered in Hong Kong) is consolidated into the SOFA and in the Group figures on the balance sheet (see note 12). The impact of this consolidation is minimal, as all the income for Earthwatch Ltd is received from Conservation Education & Research Trust.

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Reserves

General reserves

The Trustees continue to maintain a risk-based policy of holding six months’ cover for operating costs (target: £1.9m, calculated with a view to projected spend). At 30 September 2021, General Funds for the charity stood at £2.8m (2020: £3.2m), representing less than 9 months’ operating costs. We retain a level of reserves above our stated target but this does not take into account our anticipated spending. After a reduction of £0.4m in 2021, we expect a further reduction in General Funds in 2022 through planned expenditure supporting our strategic priorities.

We face a significant challenge to ensure that this trend does not continue. In longer-term planning, we expect to return to a break-even position before reserves dip below 6 months’ operating costs. We will continue to invest in the right projects that we believe have impact and high long-term fundraising potential, but we must build on the results of the last few months to succeed.

In the Group accounts, there is a further fund which represents the net current assets held in Hong Kong (£119k). They have been set aside, as they must be used for expenditure within Hong Kong.

Designated funds

The designated fund balance for the charity is a combination of two elements: the Capital Fund made up of unrestricted funds held as fixed assets, eg equipment (£28k); and funds that are already committed to delivering existing projects across our strategic priorities that originate from a variety of funders. These funds have not been restricted by the funder (2021: £0.8m, 2020: £1.4m), but all are allocated for spending in 2022 or beyond with little possibility of redirection.

Restricted funds

The restricted fund balance is made up of funds that have been received in advance, but are committed to specific programmes as requested by donors. At 30 September 2021, they stand at £0.8m (2020: £2.0m).

These restricted funds originate from a mix of funders and are scheduled for expenditure on research and other activities in 2022 and future years.

Endowment funds

Earthwatch Europe holds a balance of £1m (2020: £1.0m) in Endowment Funds, which represents an endowment provided by the Sultanate of Oman. The interest earned was intended to support Omani students and scientists to participate in our projects. The progress of this fund has been hampered initially by low interest rates and the COVID-19 pandemic. We hope to start this in 2022, if we can do so safely.

Investment strategy

Earthwatch holds the majority of its funds in an investment portfolio managed by Sarasin. The funds held and the returns on each are shown in the table below. Earthwatch Europe’s investment policy is to produce the best financial return with an acceptable level of risk. The objective for funds held in the long term is to generate a return at least in line with inflation (RPI), with shorterterm funds preserving their capital value with a minimum level of risk.

The funds are subject to positive screening to ensure that our investments match our charitable objectives. In particular, we are proud to have our long-term reserves (£1.95m) invested in Sarasin’s Climate Active Fund.

The Sarasin & Partners Climate Active Endowment Fund is a multi-asset investment portfolio that aims to bring about, and benefit from, action by businesses to strengthen their resilience to climate change in line with the Paris Climate Accord. Investment and divestment decisions are made using a case-by-case assessment of the vulnerability of each company to climate change and whether it will be able to develop a climate-aware strategy that will deliver attractive long-term returns for shareholders. This is a very similar approach to the one that Earthwatch takes with its own corporate partnerships, and we are therefore pleased to be able to invest in such a fund with Sarasin.

Both the Finance Committee and the Board review the performance of the funds on a quarterly basis and meet regularly with Sarasin & Partners to discuss performance and investment. In December 2020, the Board made a decision to withdraw funds amounting to £1.5m from our medium-term investment in order to cover cashflow for the next two years. This decision was made due to financial uncertainty in the markets and the cash needs of the organisation over the next two years.

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Amount Interest
Type of
Bank held at rate/Return
Account
30.9.21 in period
instant
Nationwide £351k 0.05%
access
current
Barclays £1.16m n/a
accounts
1-3 month
Sarasin £17k 0.7%
deposits
Income and
Sarasin reserves £2.30m 2.4%
fund
Climate
Sarasin £1.95m 11%
Active Fund
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Remuneration policy

Our approach to remuneration is designed to ensure we can attract and retain the talented and motivated people we need to achieve our mission and deliver our strategic goals. It is applied consistently across the organisation, both in terms of how we set salaries and the benefits we offer our employees. Pay is reviewed annually by the Executive, and an increase amount (rather than a percentage increase) can be agreed for all employees with over six months’ service. This is set by taking account of the market, cost of living increases and the organisation’s ability to pay. We offer paid internships and review and maintain internal pay relativities; pay progression is linked to development in the role and growth of the role. Our salaries and benefits are compared to other similar not-for-profit organisations.

Gender pay gap

At the end of our financial year, the average hourly salary for women in the organisation was 29% below the average hourly salary for men (2020: 15% below). In median pay, the hourly figure for women was 4% below the median hourly pay for men (2020: 13% below).

These aggregate figures do not tell the full story. We have significantly more women than men in the organisation (33 women, 18 men) with many more at lower levels of the organisation. We are close to having a balance at the top of the organisation and, as shown below, women are on average paid more than men in three quartiles.

Earthwatch Europe is far below the threshold for reporting on gender pay (with fewer than 250 employees), but we believe it is important for organisations to be transparent. However, as a smaller organisation, individuals that fill certain positions (whether men or women) can have a larger bearing on the statistics.

During 2021, we had the following split of men and women in each pay quartile:

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Lowest quartile 2021 2020 2nd quartile 2021 2020
Men 15% 31% Men 15% 19%
Women 85% 69% Women 85% 81%
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Average pay for men in this quartile is 5% below women (2019: 14% below).

Average pay for men in this quartile is 6% below women (2020: 4% above)

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3rd quartile 2021 2020 Top quartile 2021 2020
Men 54% 37% Men 58% 47%
Women 46% 63% Women 42% 53%
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Average pay for men in this quartile is 2% below women. Average pay for men in the quartile is 13% above women (2020: equal) (2020: 13% above)

Women make up 65% of the workforce in 2021, with a higher proportion of women to men in two quartiles and only slightly more men in two others. The only quartile where women are paid less than men on average is the top quartile. Earthwatch has a male CEO and this role will have a significant impact on the statistics depending on male or female post-holder.

For more information on our work to improve equity, diversity and inclusion, please see page 6.

Statement of going concern

The Trustees recognise that there are uncertainties in the delivery of our strategic plan as well as in external factors such as the COVID-19 pandemic, although none are so significant that they affect going concern. As detailed in our reserves policy, we hold general reserves to provide cover to allow us to adjust our strategic plan and continue activities. We are satisfied that the charity has the resources to operate for the foreseeable future and therefore the accounts have been prepared on a going concern basis.

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Administration and governance

Key management personnel

Other working names: Earthwatch Institute (Europe), Earthwatch (Europe), Earthwatch Institute Company number: 4373313

Charity number: 1094467

Registered office and operational address: Mayfield House, 256 Banbury Road, Oxford, OX2 7DE

Country of registration: England & Wales Country of incorporation: United Kingdom

Trustees

The Trustees who were in office throughout the year and up to the point of approval of these financial statements, unless otherwise stated, were as follows:

The average age of our Trustees at 30 September 2021 was 50 (2020: 52); this is significantly lower than the average age of a Trustee across the voluntary sector, which is 61 (Charity Commission report, January 2017).

Lucian J. Hudson
Geoff Lane
Superna Khosla
Iain Coucher
Dorothee D’Herde
Lisa King
Dax Lovegrove
Chair
Vice-Chair
Treasurer (resigned May 2021)
y p, y .
Earthwatch provides Trustees with governance
training when they join the organisation. As part of
their induction, Trustees will also spend time with the
Chief Executive and relevant members of the Executive
Management Team who will provide them with an
overview of Earthwatch Europe and its current priorities
and challenges. A Trustee handbook, which contains
all relevant background information and links to key
documents, is also provided.
Ed Green
Adam Powell
Jack Matthews
Nina Bhola
Cristian Parrino
Emily Murrell
Ben Wilson
(joined Jan 2021)
(joined Jan 2021)
(joined Jan 2021)
(joined Jan 2021)
Jos Huijbregts (joined Jan 2021,
Treasurer from May 2021)

Chief Executive

Steven Andrews

Neil Bailey Maria Pontes Clara Stevenson John Ward-Zinski Amy Crosweller Toos van Noordwijk

Philanthropy Director Programmes & Partnerships Director (maternity leave until May 2021) Programmes & Partnerships Director (maternity cover until May 2021) Business Development Director Acting Director of Fundraising & Communications (from July 2021) Science, Policy and Innovation Director

Operations Director (until September 2021, then was retained as a consultant)

Peter Stimpson Operations Director (until September 2021, then was retained as a consultant) The total aggregated salary cost of management personnel in 2021 was £415k (2020: £372k). The increase in costs is due to the addition of the Director of Business Development role to the management team in order to strengthen this function.

Governance structure

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The Board
Governance, direction and fiscal
responsibility
The Executive
Strategy development and
day-to-day management
Ad-hoc Working Groups
Finance Committee Nominations Committee
Examples include Investment
Recommend decisions on financial, Recommend recruitment of new
Committee and Corporate
risk and audit matters Trustees
Partnership Development Group
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Auditors, Bankers, Solicitors

Auditor: Sayer Vincent LLP

Investment Manager: Sarasin & Partners LLP

Bankers: Barclays Bank plc, Oxford; Nationwide plc

Solicitors: Blake Morgan LLP, Oxford, and Stone King LLP, London

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Risk management

The Executive Team reviews risks regularly and produces a full risk register for discussion at least once per year at Board level with regular summaries of movements in key risks provided frequently throughout the year. A key risk mitigation summary is included along with any details of further work to mitigate key risks.

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Key risk Explanation Mitigation
Our ability to raise funds relies
on having an appealing and
Our impact depends on being able
impactful portfolio of work and
to secure funds. We are building a
Failure to secure new income and clear and focused outcomes in
wide pipeline of new funders but we
meet financial targets. each programme. We will continue
still need many more to meet our
to work on this in order to give
strategic objectives
fundraising teams the best chance
of delivering funds
At the end of the year, markets were
becoming increasingly volatile due
Earthwatch holds its reserves in to a mixture of supply chain issues,
investments and these funds are inflation and ongoing pandemic
Downside risk on investments. required to support our transition related issues. We have decided
over the next few years towards a to pursue a more conservative
financially sustainable organisation. investment strategy as a result,
holding a greater percentage of
funds in cash.
We have commenced a financial
As we have expanded our sources
IT systems not fit for purpose in a systems review which will lead
of funding, our financial system has
growing, diversifying organisation. to the implementation of a new
come under increasing strain.
system in Spring 2022.
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Connected charities

The Charity works in association with the following affiliated licensed charities who all have similar missions, and contribute to and participate in the same international programme of science and engagement activities.

Earthwatch Europe harnesses this network of connected charities to ensure global capability to deliver large-scale programmes and partnerships. The coverage across the Americas, Asia and Australia means that we can deliver globally whilst retaining a local focus.

Earthwatch Australia

Earthwatch Institute, India

Suite G-06, 60L Green Building 60 Leicester Street Carlton, VIC 3053

459 Augusta Point, Level 4, Sector 53, Golf Course Road, Gurgaon, 122002, India

Tel: + 61 (0) 3-9016-7590

Tel: +91 124 4354160

Earthwatch Expeditions Inc.

Earthwatch Institute, Japan

1380 Soldiers Field Road, Suite 2700, Boston, MA 01235, USA

Food Science Building 4F University of Tokyo 1-1-1, Yayoi, Bunkyo-ku Tokyo 113-8657 Japan Tel: + 81-3-6686-0300

Tel: +1 800 776-0188

Earthwatch Ltd, Hong Kong

Statement of Trustees’ responsibilities

The Trustees (who are also directors of Conservation Education & Research Trust for the purposes of company law) are responsible for preparing the Trustees’ annual report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This Report, which includes the strategic report, was approved by the Trustees on 25 February 2022 and signed on their behalf by:

Lucian J Hudson Chair

Room 901/4, Hang Seng North Point Building, 341 King’s Road, North Point Hong Kong

Tel: +852 28381114

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Independent auditor’s report to the members of Conservation Education & Research Trust

Opinion

We have audited the financial statements of Conservation Education & Research Trust (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 30 September 2021 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other Information

The other information comprises the information included in the trustees’ annual report, including the strategic report, other than the group financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other information, and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the group financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this

other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters

prescribed by the Companies Act 2006

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

Matters on which we are required to

report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report, including the strategic report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

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

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect

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of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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 regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report

This report is made solely to the charitable company’s members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Orchard (Senior statutory auditor)

28 March 2022

for and on behalf of Sayer Vincent LLP, Statutory Auditor

Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

Financial statements

Conservation Education & Research Trust

Consolidated statement of financial activities

(incorporating an income and expenditure account)

For the year ended 30 September 2021

Note
Income from:
2
Charitable activities
3
4a
11
5
Reconciliation of funds:
18a
Total funds brought forward
Total funds carried forward
Transfers between funds
Net income / (expenditure) before other
recognised gains and losses
(Losses) / gains on foreign exchange translation
Net movement in funds
Net income/(expenditure) for the year
Total expenditure
Net income / (expenditure) before net gains
on investments
Charitable activities
Net gains on investments
Soil & Water
Tiny Forest
Corporate Learning
Capacity Development
Other
Innovation
Naturehood
Raising funds
Investments
Total income
Expenditure on:
Donations and legacies
Unrestricted

£
109,620
311,668
119,239
Endowment
£
-
-
-
Restricted
£
-
730,652
-
2021
Total
£
109,620
1,042,320
119,239
Unrestricted
£
168,035
996,806
135,477
Endowment
£
-
-
6,939
Restricted
£
-
740,580
7,948
2020
Total
£
168,035
1,737,386
150,364
540,527 - 730,652 1,271,179 1,300,318 6,939 748,528 2,055,785
498,233
472,101
315,271
22,615
91,103
86,552
57,863
91,369
-
-
-
-
852
-
-
261,622
555,840
209,445
174,640
412,451
140,789
182,807
498,233
733,723
871,111
232,060
266,595
499,003
198,652
274,176
592,132
1,086,477
2,068
(110,356)
194,168
227,112
684,978
40,979
-
-
-
-
-
96
-
60,014
7,125
1,389,779
81,123
338,280
-
-
592,132
1,146,491
9,193
1,279,423
275,291
565,392
684,978
41,075
1,635,107 852 1,937,594 3,573,553 2,717,558 96 1,876,321 4,593,975
128,488
(1,094,580)
-
(852)
-
(1,206,942)
128,488
(2,302,374)
56,333
(1,417,240)
-
6,843
-
(1,127,793)
56,333
(2,538,190)
(966,092)
(20,685)
(852)
-
(1,206,942)
20,685
(2,173,886)
-
(1,360,907)
49,773
6,843
(68)
(1,127,793)
(49,705)
(2,481,857)
-
(986,777)
(11,970)
(852)
-
(1,186,257)
-
(2,173,886)
(11,970)
(1,311,134)
31,462
6,775
-
(1,177,498)
-
(2,481,857)
31,462
(998,747)
4,771,574
(852)
1,040,640
(1,186,257)
1,956,956
(2,185,856)
7,769,170
(1,279,672)
6,051,246
6,775
1,033,865
(1,177,498)
3,134,454
(2,450,395)
10,219,565
3,772,827 1,039,788 770,699 5,583,314 4,771,574 1,040,640 1,956,956 7,769,170

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18a to the financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial

36

37

Conservation Education & Research Trust

Conservation Education & Research Trust

Company no. 4373313

Balance sheets

As at 30 September 2021

Note
Fixed assets:
10
11
Current assets:
14
Liabilities:
15
17a
18a
Endowment funds
Total unrestricted funds
Funds:
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total net assets
Total funds
Non-charitable trading funds
Restricted income funds
Unrestricted income funds:
Designated funds
General funds
Tangible assets
Investments
The group
2021
£
28,343
4,266,482
2020
£
39,920
5,019,004
The charity
2021
£
28,343
4,266,482
2020
£
39,920
5,019,004
4,294,825
550,011
1,575,951
5,058,924
165,270
2,837,979
4,294,825
549,351
1,514,904
5,058,924
164,584
2,824,548
2,125,962
(837,473)
3,003,249
(293,003)
2,064,255
(894,605)
2,989,132
(417,641)
1,288,489 2,710,246 1,169,650 2,571,491
5,583,314 7,769,170 5,464,475 7,630,415
1,039,788
770,699
830,271
2,823,717
118,839
1,040,640
1,956,956
1,396,128
3,236,691
138,755
1,039,788
770,699
830,271
2,823,717
-
1,040,640
1,956,956
1,396,128
3,236,691
-
3,772,827 4,771,574 3,653,988 4,632,819
5,583,314 7,769,170 5,464,475 7,630,415

Consolidated statement of cash flows

For the year ended 30 September 2021

Reconciliation of net income / (expenditure) to net cash flow from operating activities

Cash flows from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rent from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash (used in) / provided by operating activities
Purchase of fixed assets
Proceeds from sale of investments
Purchase of investments
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Net cash used in investing activities
Movement in cash held by investment managers
Cash flows from investing activities:
Dividends, interest and rents from investments
2021
£
(2,185,856)
11,577
(128,488)
(119,239)
(384,741)
544,470
2021
£
(2,262,277)
2020
£
(2,450,395)
48,915
(56,333)
(150,364)
297,787
(302,515)
2020
£
(2,612,905)
119,239
-
28
1,000,340
(119,358)
150,364
(666)
35,919
3,751,876
(3,161,312)
1,000,249 776,181
(1,262,028)
2,837,979
(1,836,724)
4,674,703
1,575,951 2,837,979

Approved by the Trustees on 25 February 2022 and signed on their behalf by

Lucian J.Hudson Chair

38

39

Conservation Education & Research Trust

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

1 Accounting policies

a) Statutory information

Conservation Education & Research Trust is a charitable company limited by guarantee and is incorporated in the United Kingdom.

The registered office address is Mayfield House, 256 Banbury Road, Oxford, OX2 7DE.

Notes to the financial statements

For the year ended 30 September 2021

1 Accounting policies (continued)

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the Trustees’ annual report for more information about their contribution.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

These financial statements consolidate the results of the charitable company and its wholly-owned subsidiary Earthwatch Limited on a line-by-line basis. Transactions and balances between the charitable company and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two companies are disclosed in the notes of the charitable company's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually

evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d)

Going concern

The Trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g)

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Endowment funds represent donations which are treated as capital.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds allocated by the Trustees for particular purposes.

i)

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Other expenditure represents those items not falling into any other heading

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j)

Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient, but there is uncertainty about either the timing of the grant or the amount of grant payable.

40

41

Conservation Education & Research Trust

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

Notes to the financial statements

For the year ended 30 September 2021

For the year ended 30 September 2021

1 Accounting policies (continued)

k) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff cost, of the amount attributable to each activity:

Soil & Water 18%
Tiny Forest 27%
Corporate Learning 7%
Capacity Development 11%
Innovation 20%
Naturehood 6%
Other 12%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Operating leases

Rental charges are charged on a straight-line basis over the term of the lease.

1 Accounting policies (continued)

q) Creditors and provisions

s) Foreign currency transactions

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling using the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net incoming resources for the year.

t) Pensions

The charitable company operates a defined contribution pension scheme on behalf of its employees. The assets of this scheme is held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund. The charitable company has no liability other than for the payment of those contributions.

m) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold improvements Life of the lease
Furniture and equipment 5-7 years
Computer equipment 3-5 years

n)

Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

42

43

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

Income from donations and legacies
Coronavirus Job Retention Scheme
Donations
2021
Total
£
90,828
18,792
2020
Total
£
80,086
87,949
109,620 168,035

All income from donations and legacies is unrestricted.

3 Income from charitable activities

Corporate donations
Other grants and donations
Total
Unrestricted
£
177,875
133,793
Restricted
£
526,956
203,696
2021
Total
£
704,831
337,489
Unrestricted
£
942,737
54,069
Restricted
£
216,457
524,123
2020
Total
£
1,159,194
578,192
311,668 730,652 1,042,320 996,806 740,580 1,737,386
2020
Total
£ 2,346,649 387,801 802,884 308,582 141,381 15,352 1,272 210,176 102,352 112,044 165,482 4,593,975 - - 4,593,975
2021
Total
£ 2,172,392 177,447 614,137 - 176,795 14,466 144 192,482 35,445 124,668 65,577 3,573,553 - - 3,573,553
Support costs £ 479,100 - - - - - - 192,482 35,445 124,668 32,227 863,922 (863,922) - - -
Governance
costs
£ 47,002 - - - - 14,466 144 - - - - 61,612 - (61,612) - -
Other £ 153,997 - 12,097 - - - - - - - 500 166,594 100,420 7,162 274,176 41,075
Naturehood £ 75,680 330 69,409 - - - - - - - 364 145,783 49,350 3,519 198,652 684,978
Innovation £ 270,428 696 30,856 - - - - - - - 8,104 310,084 176,343 12,576 499,003 565,392
Charitable activities Corporate
Learning
Capacity
Development
£
£
89,940
142,810
-
6,380
78,388
17,114
-
-
-
-
-
-
-
-
-
-
-
-
-
-
900
525
169,228
166,829
58,649
93,125
4,183
6,641
232,060
266,595
1,279,423
275,291
Tiny Forest £ 348,681 67,079 207,312 - - - - - - - 4,453 627,525 227,371 16,215 871,111 9,193
Soil & Water £ 243,316 102,962 198,961 - - - - - - - 18,504 563,743 158,664 11,316 733,723 1,146,491
Cost of raising
funds
£ 321,438 - - - 176,795 - - - - - - 498,233 - - 498,233 592,132
Analysis of expenditure (current year) Staff costs Research and field costs Engagement costs Research & engagement by affiliates Development and fundraising Audit Trustee costs Office costs IT costs Finance & HR costs Other costs Support costs Governance costs Total expenditure 2021 Total expenditure 2020

44

45

Support
costs
£ 559,851 - - - - - - 210,176 102,352 112,044 37,255 1,021,678 (1,021,678)
Governance
costs
£ 49,565 - - - - 15,352 1,272 - - - - 66,189 -
Other £ 20,281 (2,671) 5,081 - - - - - - - 1,235 23,926 16,106
Naturehood £ 261,138 37,005 164,733 - - - - - - - 1,281 464,157 207,386
Charitable activities Corporate
Learning
Capacity
Development
Innovation
£
£
£
278,601
96,600
280,198
111,335
41,586
-
310,491
54,156
36,482
308,582
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
34,825
1,263
11,773
1,043,834
193,605
328,453
221,255
76,716
222,523
Tiny Forest £ 46,024 - (77,669) - - - - - - - 1,919 (29,726) 36,551
Soil & Water £ 303,640 200,546 309,610 - - - - - - - 75,931 889,727 241,141
Cost of
raising funds
£ 450,751 - - - 141,381 - - - - - - 592,132 -
Staff costs Research and field costs Engagement costs Research & engagement by affiliates Development and fundraising Audit Trustee costs Office costs IT costs Finance & HR costs Other costs Support costs

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

5 Net income for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2021 2020
£ £
Depreciation on tangible fixed assets 11,577 48,915
Operating lease rentals:
Property 96,860 96,000
Auditor's remuneration (excluding VAT):
Audit 12,900 12,650
Under/(over) accrual from prior year (1,014) (512)
Other services 864
Foreign exchange (gains) or losses 11,970 (31,462)

6 Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

2021
2020
£
£
1,870,641
2,042,302
18,824
-
192,649
204,369
90,276
99,978
2,172,390
2,346,649
2021
2020
No.
No.
1
1
The following number of employees received employee benefits in excess of £60,000 (excluding employer national insurance and
employer pension costs) during the year between:
Social security costs
Employer’s contribution to defined contribution pension schemes
Salaries and wages
Redundancy and termination costs
£90,000 - £99,999
2021
£
1,870,641
18,824
192,649
90,276
2020
£
2,042,302
-
204,369
99,978
2,172,390 2,346,649

The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel were £415,650 (2020: £372,182).

The charity Trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). No charity Trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £ - (2020: £1,272) incurred by 0 (2020:10) members relating to attendance at meetings of the Trustees.

7 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

2021 2020 No. No. 57 66

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

46

47

Conservation Education & Research Trust

Conservation Education & Research Trust

10 Tangible fixed assets

Notes to the financial statements

For the year ended 30 September 2021

Notes to the financial statements

For the year ended 30 September 2021

11 Investments

The group & charity

The group & charity
Additions in year
Net book value
At the start of the year
Eliminated on disposal
Charge for the year
At the end of the year
Depreciation
Disposals in year
At the end of the year
At the start of the year
Cost
At the start of the year
At the end of the year
Leasehold
improvements
£
60,503
-
-
Furniture &
equipment
£
87,038
-
(4,637)
Computer
equipment
£
356,126
-
-
Total
£
503,667
-
(4,637)
60,503 82,401 356,126 499,030
31,144
6,050
-
79,105
3,262
(4,637)
353,498
2,265
-
463,747
11,577
(4,637)
37,194 77,730 355,763 470,687
23,309 4,671 363 28,343
29,359 7,933 2,628 39,920

The group and charity

Movement in cash held by investment managers
Additions at cost
Fair value at the end of the year
Fair value at the start of the year
Net (loss)/gain on change in fair value
Disposal proceeds
Investments comprise:
UK Common investment funds
2021
£
5,018,976
119,358
(1,000,340)
128,488
2020
£
5,553,207
3,161,312
(3,751,876)
56,333
4,266,482 5,018,976
- 28
4,266,482 5,019,004
£
4,266,482
£
5,018,976
4,266,482 5,018,976

All of the above assets are used for charitable purposes.

12 Subsidiary undertaking

The charity controls the subsidiary, Earthwatch Limited, a company limited by guarantee incorporated in Hong Kong, by virtue of having an employee who is a Trustee of the subsidiary. Control was deemed to have passed to the charity as of 1 October 2013. The subsidiary is engaged in the same charitable activities as the charity. All activities have been consolidated on a line by line basis in the statement of financial activities, based on the audited financial statements as at 30 September which are prepared in Hong Kong dollars (HK$). The results have been converted at the year-end exchange rate of 10.48 HK$ per £ (2020: 9.97 HK$ per £).

Anna Shannon, ex-HR Director, Peter Stimpson, Director of Operations and Scott Kania, CEO of Earthwatch Expeditions, our US affiliate are also directors of the subsidiary.

A summary of the results of the subsidiary is shown below:

Income and expenditure

Income and expenditure
Balance sheet
Profit/(loss) for the year
Outgoing charitable resources
Current liabilities
The aggregate of the assets, liabilities and funds was:
Current assets
Fixed assets
Reserves carried forward
Funds
Incoming resources
Reserves brought forward
2021
£
-
(19,916)
2,020
£
37,081
(109,209)
(19,916)
138,755
(72,128)
210,883
118,839 138,755
-
133,264
(14,425)
-
153,925
(15,170)
118,839 138,755

48

49

Conservation Education & Research Trust

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

13 Parent charity

The parent charity's gross income and the results for the year are disclosed as follows:

2021 2020
£ £
Gross income 1,271,179 2,055,785
Result for the year (2,185,856) (2,450,395)

14 Debtors

Debtors
Trade debtors
Prepayments and accrued income
Other debtors
2021
2020
£
£
410,197
34,741
18,987
15,471
120,827
115,058
550,011
165,270
The group
2021
2020
£
£
410,197
34,741
18,926
15,407
120,228
114,436
549,351
164,584
The charity
550,011 165,270 549,351 164,584

15 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals and other creditors
Taxation and social security
Amounts owed to subsidiary undertakings
Deferred income (note 16)
Trade creditors
2021
2020
£
£
41,894
12,692
58,951
13,510
-
-
366,284
266,801
370,344
-
837,473
293,003
The group
2021
2020
£
£
41,894
12,692
58,951
13,510
71,599
139,809
351,817
251,630
370,344
-
894,605
417,641
The charity
837,473 293,003 894,605 417,641

Notes to the financial statements

For the year ended 30 September 2021

17a Analysis of group net assets between funds (current year)

General
unrestricted
funds
£
Tangible fixed assets
-
Fixed asset investments
4,266,482
Net current assets
(1,323,926)
2,942,556
General
unrestricted
funds
£
Tangible fixed assets
-
Fixed asset investments
5,019,004
Net current assets
(1,643,558)
3,375,446
Analysis of group net assets between funds (prior year)
Net assets at the end of the year
Net assets at the end of the year
General
unrestricted
funds
£
-
4,266,482
(1,323,926)
Designated
funds
£
28,343
-
801,928
£
-
-
1,039,788
Endowment
funds
Restricted
funds
£
-
-
770,699
Total funds
£
28,343
4,266,482
1,288,489
2,942,556 830,271 1,039,788 770,699 5,583,314
Designated
funds
£
39,920
-
1,356,208
£
-
-
1,040,640
Endowment
funds
Restricted
funds
£
-
-
1,956,956
Total funds
£
39,920
5,019,004
2,710,246
3,375,446 1,396,128 1,040,640 1,956,956 7,769,170

17b Analysis of group net assets between funds (prior year)

16 Deferred income

Deferred income represents prepayments for contracted goods or services that have yet to be delivered.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
2021
2020
£
£
-
82,337
-
(82,337)
370,344
-
370,344
-
The group
2021
2020
£
£
-
82,337
-
(82,337)
370,344
-
370,344
-
The group
2021
2020
£
£
-
82,337
-
(82,337)
370,344
-
370,344
-
The charity
2021
2020
£
£
-
82,337
-
(82,337)
370,344
-
370,344
-
The charity
370,344 - 370,344 -

50

51

Conservation Education & Research Trust

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

18a Movements in funds (current year)

Total endowment funds
Restricted funds:
Defra/National Lottery Heritage Fund
Glasgow City Council
Various
NERC
SC Johnson
Kirklees council
Wolverhampton City Council
Doncaster Council
Tides Foundation
Countryside Properties Dudley
Nature Scot
Tomoro & Kassama Trust
Lego Partnership
World Water Quallity Alliance
Waterschap de Dommel
Bath Spa University
Mitsubishi Fund for Europe and Africa
Total restricted funds
Total designated funds
General funds
Non-charitable trading funds
HSBC Climate Partnership
EU Citizen
Total unrestricted funds
Neville Shulman Earthwatch Award
EU - MONOCLE
Designated funds:
Capital fund
Other
40th anniversary fellowship
Total funds
OVO - Tiny Forests
S C Johnson
Keep Wales Tidy
Jersey Government
Unrestricted funds:
COS4Cloud
Jersey
HSBC SLP Programme
Endowment funds:
MICS
At 1 October
2020
£
1,040,640
Income & gains
£
-
Expenditure &
losses
£
(852)
Transfers
£
-
At 30
September
2021
£
1,039,788
1,039,788
28,303
30,526
39,704
282,335
40,244
51,017
-
-
91,755
-
1,283
536
29,061
5,250
895
-
8,706
11,090
4,780
8,334
96,768
-
-
19,865
4,087
4,873
9,591
-
1,696
-
770,699
28,343
801,928
830,271
2,823,717
118,839
3,772,827
5,583,314
1,040,640 - (852) -
43,093
92,751
76,478
1,226,207
180,912
74,211
43,149
110,242
74,927
34,986
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
87,040
6,275
8,821
111,107
-
1,900
14,000
124,950
12,500
8,100
20,000
72,000
14,266
12,500
16,000
100,020
5,000
13,423
19,865
5,000
7,220
22,220
8,445
40,000
(14,790)
(62,225)
(36,774)
(943,872)
(140,668)
(110,234)
(49,424)
(119,063)
(94,279)
(34,986)
(617)
(13,464)
(95,889)
(7,250)
(7,205)
(20,000)
(63,294)
(3,176)
(7,720)
(7,666)
(3,252)
(5,000)
(13,423)
-
(913)
(2,347)
(12,629)
(8,445)
(58,989)
-
-
-
-
-
-
-
-
-
-
20,685
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,956,956 730,652 (1,937,594) 20,685
39,920
1,356,208
-
311,667
(11,577)
(845,262)
-
(20,685)
1,396,128 311,667 (856,839) (20,685)
3,236,691
138,755
228,859
-
(641,833)
(19,916)
-
-
4,771,574 540,526 (1,518,588) (20,685)
7,769,170 1,271,178 (3,457,034) -

Notes to the financial statements

For the year ended 30 September 2021

18b Movements in funds (prior year)

Total endowment funds
OVO - Tiny Forests
Wild Days
Natural Environment Research Council
SC Johnson
Total restricted funds
Total designated funds
General funds
Non-charitable trading funds
Respires
COS4Cloud
Groundtruth
Endowment funds:
40th anniversary fellowship
MICS
HSBC WA / STP
Total funds
Designated funds:
Capital fund
Other
Total unrestricted funds
HSBC Climate Partnership
HSBC SLP Programme
Other funds
EU Citizen
Unrestricted funds:
Restricted funds:
Neville Shulman Earthwatch Award
EU - MONOCLE
Jersey
At 1 October
2019
£
1,033,865
Income & gains
£
6,939
Expenditure &
losses
£
(156)
Transfers
£
(8)
At 30
September
2020
£
1,040,640
1,033,865 6,939 (156) (8) 1,040,640
66,719
33,164
77,987
1,218,259
267,538
1,151,781
236,478
-
82,528
-
-
-
-
-
-
-
-
106,745
-
7,948
49,099
-
110,305
-
13,301
1,152
183,111
80,900
32,728
38,390
95,000
29,849
(21,263)
(47,158)
(1,509)
-
(135,725)
(1,079,901)
(247,844)
-
(52,680)
(1,152)
(72,869)
(5,973)
(32,728)
(38,390)
(54,013)
(29,849)
(2,363)
-
-
-
-
(71,880)
(24,728)
-
-
-
-
-
-
-
(6,001)
-
43,093
92,751
76,478
1,226,207
180,912
-
74,211
-
43,149
-
110,242
74,927
-
-
34,986
-
3,134,454 748,528 (1,821,054) (104,972) 1,956,956
88,169
1,576,571
-
996,806
(48,915)
(1,230,471)
666
13,302
39,920
1,356,208
1,664,740 996,806 (1,279,386) 13,968 1,396,128
4,175,623
210,883
303,512
37,081
(1,333,456)
(109,209)
91,012
-
3,236,691
138,755
6,051,246 1,337,399 (2,722,051) 104,980 4,771,574
10,219,565 2,092,866 (4,543,261) - 7,769,170

Purposes of endowment funds

The 40th Anniversary Fellowship consists of a donation of £1,000,000 from the Oman Government to set up an endowment fund. At 30 September 2021, there is unspent income from the fund of £39,788 which is included in the total. We are currently negotiating with the relevant parties to agree objectives for the Fund going forward.

Purposes of restricted funds

The Neville Shulman Earthwatch Award Fund is a donation from the author and environmentalist Neville Shulman CBE, set up to fund Earthwatch fellows from developing countries who are emerging leaders in conservation. Two awards of £4,000 are given each year to fund a project in the fellows’ home country with a view to further enhance their professional skills in conservation. A further four awards of £500 are given each year to fund fellows’ participation in a local workshop and/or conservation conferences.

52

53

Conservation Education & Research Trust

Conservation Education & Research Trust

Notes to the financial statements

For the year ended 30 September 2021

18 Movements in funds (continued)

Purposes of restricted funds

2018 was the 10th year of Neville’s Awards programme, which was based on an investment of £150,000 in 2008. In 2018, Neville confirmed his wish to continue supporting Earthwatch and agreed to continued support for an additional 10 years at a level of £20,000 per year; Neville has so far made donations which total £66,600. These awards now better represent the Earthwatch focus areas. Selection criteria has been adapted to ensure candidates, whose projects meet our new strategy focus and have an impact on local communities and stakeholders, are selected.

The HSBC Climate Partnership was a five-year international research and engagement programme on climate change, funded by HSBC Holdings plc. Following the completion of the programme in 2012, HSBC agreed that the fund would be retained by Earthwatch to fund future projects or used to increase Earthwatch’s capacity to deliver future programmes. From 2017, Earthwatch began to use these funds to support community engagement activities.

The HSBC Water Programme is an eight-year programme designed to deliver research and engagement on freshwater sources and the ecosystems they support worldwide. The aim of the programme is education of HSBC staff and the local communities about critical local and global freshwater challenges. The evolution of this programme led to the development of the Sustainability Training Programme in 2017. The programme focuses on regional scientific research projects, investigating nature-based solutions for climate resilience, building understanding of these issues and how these connect internally to sustainability and the bank’s priorities.

Notes to the financial statements

For the year ended 30 September 2021

19 Operating lease commitments

The group's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

The group's total future minimum lease payments under non-cancellable operating leases is as
periods:
follows for each of the following follows for each of the following
Over five years
One to five years
Less than one year
2021
2020
£
£
96,860
96,000
291,440
384,000
-
-
388,300
480,000
Property
388,300 480,000

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

The HSBC Sustainability Leadership Programme is a residential programme for Senior Managers within HSBC designed to deeply engage business leaders in climate change and sustainability issues; leading to decisions and actions which make HSBC a more sustainable business. Participants work with Earthwatch scientists on a climate change-related research project and take part in structured sustainability learning sessions relevant to HSBC - the programme is co-delivered by Earthwatch and HSBC.

It has now been agreed with the States of Jersey that we can spend the endowment. It has been agreed to spend the remainder of the fund over the next five years, with a particular focus on supporting education, teachers and emerging scientists. The first training using this fund took place in February 2019.

The EU – Monocle, MICS, COS4Cloud and EU Citizen restricted balances are residual balances on a range of EU funded grants that are in progress. All balances are held for utilisation in 2021.

The grant from the OVO Foundation will see us plant a number of Tiny Forests as well as engaging schoolchildren with the environment using these forests. This is a three-year grant which began in July 2019.

The Wild Days project was an initiative to provide online nature-based activities, and was partly funded by donations from LEGO, the Tomorro foundation and T & M Rembaum.

The Natural Environment Research Council funded project is research into the Community for Engaging Environments and the Earthwatch Naturehood programme.

The donation from SC Johnson is for the River Plastics project.

Transfers from restricted funds to general funds are made on the basis of agreed margins where applicable.

Purposes of designated funds

The Capital Fund is the funds of the group/company which are represented by the net book value of tangible and intangible fixed assets.

Other designated funds are monies received in advance for projects that are not restricted but have committed activities in future years. These funds are not for general use.

54

55

Thank you to our supporters

Corporate Partners

Fever-Tree

The Guinness Partnership

Guinness World Records

HSBC Holdings plc

LEGO® Group

MINI Electric

Mitsubishi Corporation

OVO Foundation

Royal Bank of Canada

Royal Dutch Shell plc

SC Johnson

Severn Trent Water

Tate & Lyle plc

Thames Water

Isobaa

Trusts and Foundations, Governmental and Research Grants

The Chapman Charitable Trust

Department for Environment, Food and Rural Affairs

Edward Hoare Charitable Fund

ESRC (for the DeSCiPHER and RESPiRES projects)

European Commission - Horizon 2020

The GreenSquareAccord Community Fund

Henry Robert Bull Charitable Trust The Hobson Charity

The Kusuma Trust

Mitsubishi Corporation Fund for Europe and Africa

Miss Edith Mary Sage Charitable Trust

Mr and Mrs J A Pye’s Charitable Settlement

National Lottery Heritage Fund

NatureScot

NERC

States of Jersey

The Prime Foundation

The Tomoro Foundation

UKRI (for the EDGE project)

UNEP World Water Quality Alliance

William Dean Countryside and Educational Trust

Waterschap De Dommel

Local Authorities

Barnsley Metropolitan Borough Council

Birmingham City Council

Bristol City Council

Doncaster Council

Glasgow City Council

Lancing Parish Council

Leicester City Council

London Borough of Hammersmith and Fulham

London Borough of Redbridge

Oxford City Council

South Swindon Parish Council

Witney Town Council Wolverhampton City Council

Partner Institutions

Agencia Estatal Consejo Superior

Australian Citizen Science Association

Autorita’ Di Bacino Distrettuale Delle Alpi Orientali

The Birmingham Institute of Forest Research (BIFoR)

Brooklyn College

Cary Institute of Ecosystem Studies Centre for Ecology and Hydrology

Centre for Environmental Science and Engineering at the Indian Institute of Technology in Mumbai

Chinese University of Hong Kong

Citizen Science Association

CNRS- French National Centre for Scientific Research

Consejo Civil Mexicano para la Silvicultura Sostenible (CCMSS)

Deinvestigaciones Cientificas and all Cos4Cloud partners

Dublin City University Water Institute

Ecole Nationale des Ponts et Chaussées

Environment Agency

European Citizen Science Association

GeoEcoMar

Geonardo Environmental Technologies Ltd

IHE Delft

Imperial College London

INRA

IVN Natuureducatie

Keep Wales Tidy

Khalifa Univeristy of Science and Technology (formerly the Masdar Institute)

KWR Watercycle Research Insititute

London East Teacher Training Alliance (LETTA)

Museum für Naturkunde Berlin and all other EU-Citizen.Science partners

Nanjing Agricultural University

Nanjing Institute of Geography and Limnology at the Chinese Academy of Sciences

Naturalis Biodiversity Center

Plymouth Marine Laboratory and all other MONOCLE partners

Riverfly Partnership

The River Restoration Centre

Rivers Trusts and all other organisations participating in FreshWater Watch

Seychelles National Park Authority

Small Woods

Stichting RAVON en FLORON

Sustainable Soils Alliance

UK Centre for Ecology and Hydrology (UKCEH)

University College Cork

University of Arizona

University of East London

University of Luxembourg

University of Oxford

University of Reading and all other NC4EE partners

University of Sheffield – Institute for Sustainable Food

Water Resource Management Authority Zambia (WARMA)

Wild Oxfordshire

Wilson Center

Wiltshire Wildlife Trust

Witney Town Council WWF Romania

WWF Zambia

Science and Policy Advisors

Dr Anne Bowser

Dr Stijn Brouwer

James Finigan

Dr Russell Hill

Jessie Oliver

Dr Michael Pocock

Iulia Puiu

Professor René van der Wal

Stuart Warner

Arron Watson

Dr Doug Wilson

Professor D. Smith

Community Supporters

Florence Park Community Centre

Flo’s in the Park

Marston Community Gardening Group

Sustainable Southmead (Bristol)

The Conservation Volunteers (TCV) Scotland

Jersey Trees for Life

Beyond Autism Post-19

West Beach Residents Association (Lancing) South Park Users Groups (Redbridge, London)

Newbury Environment and Wildlife Team (Speen)

Witney Land Army

Supporters

(arranged alphabetically)

Craft Media

Lucky Generals

Adrian Bland

Andrew Pindar OBE DL

Andrew and Lori Stevenson

Angela and Jeremy Palmer

Cassandra Mayer Clare and Ralph Smith

Darren Towers

Denise Parker

Edward Hoare

Elaine Massie and Richard Lawson

George and Judith Mason Ken and Jenny Sparrowhawk

Lisa King

Michael and Tanya Rembaum

Neil Bailey

Neville Shulman CBE

Nigel and Shane Winser

56

57

Peter Saffrey

Rima Chai

Richard and Nina Webb Rosey and Robin Murphy Sarah and Crosbie Burns

Shamita Ray

Simon Martyn

Sue Alexander and Paul White

Tink and Bruce Munro

Contributors and Ambassadors

Nick Baker

Cathal Flood

David Lindo

John Pratt

Paul Rose

Michaela Strachan

Trustees

Nina Bhola

Iain Coucher

Dorothee D’Herde

Ed Green

Lucian J. Hudson – Chair

Jos Huijbregts

Lisa King

Superna Khosla – Treasurer (retired February 2021)

Geoff Lane – Vice-Chair

Dax Lovegrove

Dr Jack Matthews

Emily Murrell

Cristian Parrino

Adam Powell

Ben Wilson

Volunteers

Paul Baker

Tony Strong

58

Earthwatch Europe Mayfield House, 256 Banbury Road Oxford, OX2 7DE, United Kingdom +44 (0) 1865 318 838 hello@earthwatch.org.uk www.earthwatch.org.uk Earthwatch Institute (Europe) is a registered charity in England and Wales, no. 1094467.

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