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2023-09-30-accounts

Conservation Education & Research Trust

REPORT AND FINANCIAL STATEMENTS

For the year ended 30 September 2023

Company number: 4373313 | Charity number: 1094467

Contents

Welcome 3

About Earthwatch Europe 4

Strategic report 6

Tiny Forest 8

Naturehood 10

Next Generation 12

FreshWater Watch 14

Farming with Nature 16 Earthwatch Learning 18

Innovation 20

Our commitment to equality, diversity and inclusion

19

22 Our approach to ethical 27 fundraising

Financial review

Environmental impact

Governance

28

Fundraising regulation

Earthwatch is a member of the Fundraising Regulator.

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

32

All our fundraising activity was carried out by internal staff members in 2023, and we have a number of policies in place to ensure our fundraising activity is transparent.

All staff, have received training on the implications of the General Data Protection Regulations (GDPR) which came into force in 2018.

Consolidated statement of financial activities

36

Balance sheets

37

We have ensured that all fundraising was in line with relevant data protection regulations. We received no complaints about our fundraising practices in 2023 (2022: none).

Consolidated cash flow statement Notes to the financial statements

38

39

Welcome

This Annual Review covers October 2022 to September 2023. Met Office data shows that 2023 was the second warmest year ever on record in the UK. Further afield, 2023 saw Australian wildfires, thawing permafrost and melting Arctic sea ice. These are all deeply worrying examples of the changes that are happening to our planet. This is a renewed call to action that we must together do more – and be innovative – in addressing the challenging future we face. In September 2023, the latest State of Nature report was published. This world-leading publication – involving more than 60 research and conservation organisations - reports on the status of various elements of the natural environment in the UK. The bleak headlines show that wildlife is continuing critically to decline - with nearly one in six of the 10,000 plus species assessed in Great Britain classed as threatened and at risk of extinction.

Against this backdrop, the work of Earthwatch is even more important: helping communities to connect with nature and giving them the tools and resources to create a world where we live in balance with it.

Supporting the Earthwatch team, led by our outstanding CEO Steve Andrews, has been a rewarding experience. Operating in challenging economic and societal circumstances, the Earthwatch team have set some ambitious goals for impact.

This year, FreshWater Watch celebrated its tenth anniversary and we celebrated the launch of a new programme – Farming with Nature. Both programmes will prove to be vital in helping communities and businesses to fight for better outcomes for nature and improve sustainability.

As an organisation powered by science, Earthwatch has a crucial role to play in enabling us to understand our changing planet and in turning understanding into action. We all have a role to play, together and individually. My fellow Trustees and I are thrilled to contribute to bringing Earthwatch’s exceptional field of expertise to the fore at this crucial time for society.

Lucian J Hudson Chair, Earthwatch Europe

‘Urban Owl On The Prowl - photo by Martin West, this year’s winner of the Wild Cities photography competition, sponsored by Canon Europe.’

Report and financial statements 2023 3

2 Earthwatch Europe

About

Earthwatch Europe

We connect people with nature, motivate them to protect the environment and provide them with the knowledge and tools to make change happen.

To find out more about what we do and support our cause visit www.earthwatch.org.uk

Earthwatch Europe works to create a world where we live in balance with nature.

We help communities to protect the nature around them. We build meaningful nature connections and give people the tools they need to fight for our planet.

Working alongside communities and organisations, we build an understanding and a love of nature, and help everyone to protect the natural world. Guided by science and powered by people, we create change through connection.

Powered by science

Impact led

We are an Independent Research Organisation (IRO) and we use science to better understand the environmental challenges we face, and to find solutions to these issues.

We work where we can have the biggest impact and drive the most change – in our towns and cities, our farmed fields and throughout our network of rivers, lakes and wetlands.

We are leaders in – and passionate advocates of – citizen science: engaging the public in scientific research. We empower people from all walks of life to gather data, generate environmental insights and fight for change.

By working with communities, businesses and organisations across these three areas, we can build a movement to create a world where we live in balance with nature.

Our commitment to equality, diversity and inclusion

Earthwatch is committed to creating a diverse and inclusive working environment. We value the benefits that different backgrounds, working approaches and ways of thinking can bring.

Engagement and Diversity Manager to develop activities that focus on engaging with underrepresented groups to ensure diversity of participation at Tiny Forests.

3. Put a plan in place to build a more diverse Board of Trustees

EDI in action: Earthwatch Science Camp

Through our membership of industry Equality, Diversity and Inclusion (EDI) networks, the Diverse Sustainability Initiative and the Wildlife & Countryside Link EDI Group, we will also continue to contribute to increasing diversity within the sector.

In 2023, as part of the roll-out of our new Science Camp strategy, we looked to further expand the Our EDI strategy is what makes diversity of our trustees’ skills, experience Science Camp truly come alive for the and networks particularly linked to academic community. We start with engaging younger people and people from recruitment, seeking a diverse group less advantaged and underrepresented communities on environmental issues. We of people with varied backgrounds, experiences, nationalities and worked with Diversifying Group, a Diversity interests to create a shared space, and Inclusion Services organisation, to recruit new trustees; which led to five looking to identify the attitudes that will really help the group mesh well successful appointments. together and learn from each other.

Our EDI Working Group works towards implementing our policy, embedding equality, diversion and inclusion into our programmes and culture through our five priority areas.

4. Review equity within the

There’s a lot of work that goes into building trust and openness with each group – we introduce ourselves, setting out our ways of working so that everyone can speak bravely and vulnerably. We identify questions and concerns so that we can address these individually.

Summary of key achievements in FY23

organisation, starting with a Gender Equality Plan

1. Ensure Earthwatch is a place where individuality is embraced and everyone has the opportunity to thrive

We completed another situational report in 2023 to refine our Gender Equality Plan. The up-to-date document is published on our website: Earthwatch Gender Equality Plan.

We share collaboratively-cooked breakfast, lunch and dinner, varying cuisines every day, playing music and bonding. We apply so many different learning and reflection strategies: quizzing, skimming, evaluating and questioning, all the while bringing it back to communities – where can we find them, why should we seek them out, how can we best listen to them and break the institutional academia walls to bring the benefits of research back to these people?

5. Review our existing programmes

and develop new programmes aimed at giving increased equity and increased diversity, starting with young minority ethnic people

• Naturehood Oxford: In 2023, National back to communities – where can we Lottery funding enabled Earthwatch to find them, why should we seek them empower five communities in Oxford, out, how can we best listen to them which historically have suffered from and break the institutional academia lack of support or funding, to create walls to bring the benefits of research thriving networks of wildlife-rich space back to these people? that create better, healthier places to live. Naturehood particularly focuses We help researchers use their on connecting with young people aged humanity to identify how they can 16-24, minority and disadvantaged best to connect to their values and communities, who traditionally have had apply what they’ve learnt in their limited access to public green space. work. And we make friends along the The project will run until June 2024. way – participants hug each other like friends of many years when • Branching out to underrepresented saying goodbye.

2. Identify and remove any barriers to greater equality and inclusion within our recruitment processes

Emilija Rudzinskaite, Learning and Engagement Coordinator

Report and financial statements 2022 5

4 Earthwatch Europe

Strategic report Objectives and achievements

Enabling action and connecting people with nature

16,491 17,316 participants in our projects hours spent outdoors through Earthwatch activities

Creating knowledge and advancing citizen science

3 3,059 peer-reviewed papers published people trained to collect citizen

people trained to collect citizen science data

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22,070
4,557
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trees planted with Tiny Forest volunteers

new FreshWater Watch datasets made available with open access

“Our school is situated in a densely populated part of London with very few green spaces. Many of our children live in flats without access to garden spaces. Our children love being in nature for their learning and play, so opportunities to engage with nature are valuable… As well as a way to enhance learning, we believe that access to nature and green spaces is integral to high well-being and happiness.”

Fiona Durnian, Head of School, Bygrove Primary School

Educating future generations

15,127 more young people can experience outdoor education thanks to Earthwatch programmes

582 18 teachers participated in our Tiny Forest new online learning resources created and Teach Earth training events

Helping companies transform

659 attendees at corporate engagement and learning events

14 business recommendation reports and white papers created

6

Earthwatch Europe

FreshWater Watch Champions: Dave Wallace and the Henley River Action Group

In June 2023, Henley-based citizen scientist, Dave Wallace, decided to take action against river pollution with support from River Action UK, Windrush Against Sewage Pollution and our FreshWater Watch programme. Dave shared his thoughts in a blog on our website.

“There is increasing anger about the dire state of the UK’s water industry and how lack of investment has polluted our rivers and seas. Just 14% of the UK’s rivers are in good health. The abuse of our waterways can only damage us all in the long run. Water is a precious resource.

I live in Henley. The River Thames is stunning here. There is the Henley Mile, which provides a stretch of river that is straight enough and wide to be ideal for rowing races. However, the water quality is not great. When taking part in the Henley to Marlow marathon, a 14 km swim in August 2022, I was swimming in what appeared to be raw sewage.

Sharing my experiences on LinkedIn, I built connections with different organisations and charities focusing on highlighting the pollution problems our rivers face in the UK. In summer 2023, it was decided that we (the newly-formed Henley River Action Group) would do testing on the Henley Mile for a whole month. It would be the most intensive testing on a single

stretch of river that had ever been undertaken. Earthwatch Europe’s FreshWater Watch Team provided test kits and training so we could test for nitrates, phosphates and water turbidity (how clear the water is). The kits delivered readings within minutes, which could be uploaded to the FreshWater Watch database via an app. The results of our testing have been shared widely in the local and national news. The other outcome was that we connected more deeply with the river. By visiting and studying it daily, we got to know it intimately. The testing has opened my eyes to its struggle. We have to start treating our waterways with the respect they deserve. Solving the problem will require policy changes and innovative technologies, but the power of community-based initiatives should not be underestimated.”

“We have to start treating our waterways with the respect they deserve. Solving the problem will require policy changes and innovative technologies, but the power of communitybased initiatives should not be underestimated.”

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Report and financial statements 2023 9
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Tiny Forest

Our Tiny Forest programme creates high-quality urban green space and engages local communities, schools and businesses in a range of volunteer activities to support connection to, and action for, nature. By 2030 we want to maximise the social and environmental impacts of Tiny Forest by:

Engaging 100,000 Planting a total of 500 people with our Tiny Tiny Forests across the Forest network UK and Europe

2022/23 Objectives

Making sure that at Understanding more least half of those about the environmental locations are accessible benefits of Tiny Forest to under-served through citizen science communities and new research

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2022/23 Achievements

In the 2022-23 season, the Tiny Forest team planted 37 Tiny Forests in the UK, involving over 4,000 volunteers nationwide. We trained and worked with Local Delivery Partners to plant a further 5 forests in Scotland and 18 forests with Doncaster Council. In addition to these traditional Tiny Forests, we also established a much larger Miyawaki forest, to support research on the methodology.

Our Tiny Forest efforts extended beyond the UK as we joined forces with IVN and VolkerWessels, leading citizen science activities at six new Tiny Forests in Europe.

The Tiny Forest movement has now reached a total of 208 forests. This expansion was made possible through the generous support of various funders, including Queen’s Green Canopy, the Forestry Commission’s Local Authority Treescapes Fund, MINI marking the establishment of the first forest in the Republic of Ireland, and others such as American Express, Bloomberg, Reckitt, Vistry Group, and the 1975 band.

Community engagement

During the summer, we organized 74 community engagement events, comprising 43 Science Days, 7 Tiny Tour days with Paul and Gus from GoodGym, 18 Severn Trent community sessions, and 7 Earthwatch-led Teacher Training sessions. These events brought together 1,744 volunteers who actively participated in the Tiny Forest movement.

The dedication of our volunteers extended beyond planting as they conducted 5,349 monitoring surveys, covering crucial research topics like biodiversity, carbon storage, thermal comfort, and flood management. Currently, our scientists are rigorously analysing this data, and the findings are set to be published in January 2024.

January 2023 also saw us launch the Wild Cities photography competition with Canon Europe. The competition was a celebration of the UK’s urban green spaces and their wild inhabitants and saw over 350 entries from across the UK. As part of the competition, Canon Europe agreed to fund a new Tiny Forest, at a location chosen by the competition winner.

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Scientific collaboration

To foster collaboration and knowledge sharing, we established the Miyawaki Research Network, connecting 60 representatives from universities and practitioners across the UK, Europe, Australia, India, and Canada. This network serves as a platform for sharing expertise, discussing best practices, and developing collaborative research projects.

The Tiny Forest project was represented at important international conferences including: the British Ecological Society Symposium on Trees for Climate Change, Biodiversity, and People, the Open Innovation in Science 2023 conference, and the Citizen Science Association Annual Conference - C*Sci 2023.

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Financial Year in numbers

22,070

trees planted across 37 Tiny Forests + 1,200 trees at our large Miyawaki research forest.

5,910

volunteers directly engaged at planting and community events.

690+

Tree Keepers supported across the Tiny Forest network through events, training, webinars and resources, funded with support from Fever-Tree as our official Tree Care partner.

100%

positive feedback from adult volunteers at both planting and science days and 99% from children and young people.

Report and financial statements 2023 11

10 Earthwatch Europe

2022/23 Objectives

Naturehood

Naturehood brings people together to support underserved communities to connect with nature and to overcome barriers in creating their own nature-space around their neighbourhood. With a focus on urban areas, we work with community representatives to create better spaces for people and wildlife to live in balance, increasing community cohesion and wellbeing through collective action and shared vision.

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© Rose Hill Junior Youth Club
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The Naturehood programme has activity in both the UK and the Netherlands. In the UK, we work closely with communities in five areas of Oxford that experience high levels of social deprivation, low satisfaction with the local area, and poor access to, and connection with, nature: Barton, Risinghurst, Rose Hill, Sandhills and Wood Farm. In the Netherlands, we run citizen-science focused community projects, Maanwijk in Leusden and the ‘Doe de Dommel project’ in Het Gegraaf, Valkenswaard en Bennekel, Eindhoven.

2022/23 Achievements

Naturehood in the Netherlands

Naturehood in the UK

Thanks to funding from National Lottery Reaching Communities Fund, we worked with local community groups and stakeholders to co-create different offers for the local community with nature, including the development of sustainable community structures and local Naturehood leaders across five areas in Oxford - Barton, Risinghurst, Rose Hill, Sandhills and Wood Farm. Working with local group leaders, we helped support community wildlife initiatives such as bulb planting, toad and frog patrols, allotment activities and wildlife surveys. We also participated in more holistic activities promoting nature connectedness and mental wellness, such as health walks, community fun days and art weekends. Our Froggy Fiesta - to celebrate successful frog patrols across Oxford – was particularly well attended by school children and musician Nick Cope.

In Maanwijk, Leusden, we ran a four-month campaign to educate the community on the importance of soil health. This campaign included training with six local ambassadors and culminated in a soil health blitz in April. 80% of questioned participants felt that they learned more about soil health and would like to participate again in a Citizen Science event. Results were collected and illustrated with an infographic.

In the Doe de Dommel project encompassing Het Gegraaf in Valkenswaard and Bennekel in Eindhoven, several initiatives have been undertaken to enhance the local environment. This includes the installation of 20 tiny pools in the neighbourhood and the planting of 200 native trees and shrubs by community members. Additionally, a collaborative effort has been made to co-create a landscape design, focusing on a walking route and the greening of a park. Two citizen science bird counts were organised—one in Het Gegraaf and another in Bennekel—with 35 and 53 participants respectively. The findings from these events were compiled into an informative infographic, which was shared with both communities.

In the summer, we ran a nationwide Pollinator Picnic campaign to encourage people to host a picnic and learn about the importance of pollinators. The campaign was supported by Florette and Micheala Strachan and over 1,900 sign-ups to take part in Pollinator Picnic from St Bees to Leighton Buzzard!

Financial Year in numbers

35

community events and experiences delivered in community green spaces, with over 110 attendees and 75 school children engaged in Naturehood activities.

8

new initiatives developed through Naturehood activities and 44 actions for nature carried out (across both private and community land).

Over 300 hours of volunteer time dedicated, with 41 community leaders recruited and 7 community leader sessions held.

Report and financial statements 2023 13

12 Earthwatch Europe

31

144

Next Generation

The Earthwatch Next Generation team works with underrepresented communities to ensure that, by 2030, at least 50% of their young people feel more connected with nature and know how to take action for the environment. Underrepresented communities refer to areas in the UK where people face barriers to connect to nature, for example due to deprivation, limited access to nature and poverty.

All our projects aim to connect participants with nature and give them the tools to do this for others. Teachers receive the tools to create outdoor learning experience outside the classroom. Teach Earth, in particular, is a professional teacher training programme designed to build educators’ knowledge and confidence in leading inspiring environmental and outdoor education. Early career scientists create action plans to focus on connecting their local community to nature via citizen science and include them every step of the way.

2022/23 Objectives

Green Earth Schools create engaging nature-based solutions on school grounds for children to connect with nature every day, empowering students to take positive action for their planet.

Teach Earth is a free professional teacher training programme designed to build educators’ knowledge and confidence in leading inspiring environmental and outdoor education. Teach Earth comes in two formats, as a series of workshops running throughout the academic year and as a weekend residential.

2022/23 Achievements

2023 saw us deliver our first two Green Earth Schools at Bygrove Primary School and Sacred Heart Primary School, both in London. Our Green Earth Schools programme is all about pupil voice and co-creation and through the programme, we collaborate with school communities to identify, design, and install the optimal nature features for their grounds. Pupils are guided to design their ideas for their school’s outdoor space using Lego, as part of a creativity day exploring naturebased solutions. We also provide training to teachers to build their skills and confidence in leading inspiring outdoor and environmental learning, enabling the school to use the nature feature to maximum effect.

Our Teach Earth teacher training programme hosted its first secondary school cohort. A further two teacher training programmes were held in 2022/23.

We held two Science Camps for early-career scientists, at Hill End in Oxford. These camps, were well attended by a diverse group of individuals representing more than ten different nationalities and various research backgrounds. Attendees discussed

a wide range of relevant topics including forest restoration, renewable energy resources, microplastics and mental wellbeing in urban spaces. All science camp attendees were aiming to connect citizen science and communitybased research into their projects.

Online, our Earthwatch Education platform has an audience of over 7,000. This year we developed new learning resources, including new Key Stage 4 resources, supported by Hastings and new SEND resources, supported by the Benefact group.

Financial Year in numbers

early career researchers attended Science Camps.

trainee teachers and teachers trained through the Teach Earth programme. This equates to an amazing 8,490 pupils across all age groups reached indirectly through teachers every year!

Our Green Earth Schools programme worked with 60 teachers, 22 other adults and 562 pupils directly. The programme also indirectly benefited 750 additional pupils.

FreshWater 2022/23 Objectives Watch

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Financial Year
in numbers
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• 2 new strategic partnerships to upscale FreshWater Watch.

Pollution, climate change, and over-exploitation have brought many of our fresh water systems to crisis point. According to United Nations estimates, two billion people worldwide already struggle to access safe drinking water, and modelling has shown that up to 5.5 billion people worldwide could be exposed to polluted water by 2100. It is clear that now more than ever, we need to protect and improve our water ecosystems. The starting point to achieving this is understanding and improving the water quality.

Working together with local communities and partners, we have created a growing network of concerned local citizens who care about the health of their precious freshwater resources: FreshWater Watch. This involves working collaboratively with community groups around the world to use the FreshWater Watch toolkit to detect nutrient pollution and fight for real change.

Our goal of the freshwater programme is to have 100,000 people safeguarding 10,000 water bodies across Europe and Africa by 2030.

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The Clean River Kent Campaign FreshWater Watch group in Cumbria
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2022/23 Achievements

Freshwater Watch in the UK

We welcomed 46 new community groups into FreshWater Watch from across the world, bringing the total number of groups to 109 in 11 countries globally.

85% of groups surveyed are taking action to improve their local waterbodies, including advocacy, campaigning and working with farmers.

We have improved our communications with community groups, sharing monthly newsletters which highlight their work as well as share useful insights and knowledge. In the near future we are planning a series of webinars for FreshWater Watch groups so that connections and understanding can continue to grow.

Earthwatch continued to play an active role in CaSTCo – Catchment Systems Thinking Cooperative. CaSTCo brings together NGOs, water companies, communities, government and academics to provide the first framework in the UK for integrated citizen science and community monitoring for river catchments. This three-year project, which will support improved data sharing and decision making for our freshwater environments, is being funded by Ofwat and is led by The Rivers Trust.

Freshwater Watch in Africa

Our work with the United Nations has grown in Africa, with a new transnational effort to monitor the Mara River catchment in Kenya and Tanzania. This work expands on the existing FreshWater Watch groups in Malawi, Sierra Leone, Tanzania and Zambia, in order to enable citizen science data to be used to report on the UN’s Water and Sanitation Sustainable Development Goal 6.3.2.

In addition to our work with the UN we are also working with Plan International in Malawi where 73 communities are monitoring water quality across the Mulanje and Mzimba districts. This was somewhat delayed due to the impacts of tropical cyclone Freddie, but is on track now with all training complete, equipment successfully delivered to the citizen scientists and data being submitted regularly by community groups.

We’ve also supported a small but inspiring project in Limpopo, South Africa called “Diamonds on the souls of our feet” where the local youth community are learning about, monitoring and understanding water resources.

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109
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community groups established.

46

new community groups signed up in the last year.

38,148

data points on the FreshWater Watch platform.

17

16 Earthwatch Europe

Report and financial statements 2023

Farming with Nature

Intensive agricultural practices are a major driver of biodiversity loss, soil degradation and water pollution worldwide. But this doesn’t have to be the case: farming and nature can go hand in hand. In 2023 we launched the brand new Earthwatch programme, Farming with Nature. Based on insights from a range of pilot projects and conversations with stakeholders from across society and agricultural supply chains, we mapped how we can best support the transition to sustainable agriculture.

Our new programme helps farmers to improve the sustainability of their practices by working with natural processes, using local nutrient cycles and adapting agriculture to local conditions. We use a combination of learning and research that can be tailored to the needs of individual farmers and businesses. These approaches are designed to support transformation from initial stages of exploring the barriers to sustainability all the way through to testing and scaling innovations. This approach is supported by three monitoring tools that address key aspects of a healthy farm system - biodiversity, soil health and freshwater quality.

Our Farming with Nature programme is split into four main areas:

Farming with Science: Agri Business providing famers with Innovation: tools to learn together co-designing research about the soil health, projects to test naturewater quality and friendly farming biodiversity on their practices farms, and understand how they can be improved

2022/23 Objectives

Farming Knowledge Exchange: providing employees of businesses with Farming with Nature experience and the science behind it and inspire them to create change within their business

Inspiration Farms: farms that are supported and monitored to provide inspiration for farming with nature

2022/23 Achievements

Farming with Nature is our newest programme and in 2023 we developed a new strategy with a clear offering for farmers, businesses and government bodies who want to transition to sustainable practices.

During this period we successfully managed nine pilot projects including:

Financial Year in numbers

This year we started a four-year collaboration with PepsiCo who will be using Earthwatch’s soil health toolkit and additional tests to monitor crop rotation and regeneration interventions across 20 farms in 10 countries.

Trained and supported more than 75 farmers and farm advisers to use our soil health and/or freshwater citizen science tools on their farms.

We have also continued to support Tate and Lyle with their sustainable stevia programme - a plant-derived sweetener – on which we are collaborating with Nanjing Agricultural University in East China. This work builds on field research and life cycle analysis over the last few years to support stevia growers to improve the environmental impacts of stevia growing whilst improving productivity and profitability.

10 events

Convened and presented at 10 events where 155 farmers and other stakeholders learned and shared knowledge about farming with nature.

5

Developed and tested 5 biodiversity monitoring protocols for arable farmers.

By 2030, Earthwatch aim to have supported 10,000 farms across Europe and globally to re-imagine the way they farm and produce food.

18 Earthwatch Europe

2022/23 Objectives

Earthwatch Learning

Businesses are at the front line of global efforts to achieve environmental sustainability. Our Learning programme is a blend of education, personal experience and immersive, nature-based learning to inform, motivate and drive change across all levels of an organisation. This unique, immersive approach is rooted in nature and helps to accelerate transformation in our business partners.

2022/23 Achievements

We also completed our final work programme with Shell, after deciding to bring the relationship to a close. Our work with Shell focussed on developing and delivering learning programmes to support their environmental goals. These included one day in-person programmes for leaders, modular online training, seven-day naturebased experiential learning programmes for sustainability champions and resources, blogs and webinars for all staff.

We successfully engaged with two new corporate partners and had the opportunity to deliver our Hero Programmes to their key staff members:

We published three thought-leadership pieces focusing on the Business case for Biodiversity, Greenhushing and Urban Heating. These whitepapers stimulated interest and participation in our roundtable events – a series of breakfast briefings for business leaders and industry experts on themes related to our impact areas.

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Financial Year
in numbers
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13 participants Hastings - 13 participants across 1 course.

46 participants Scottish Power - 8 courses, 46 participants across 8 courses.

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600
participants
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Shell – over 600
participants across a range
of courses, events and
expeditions.
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Report and financial statements 2023 21
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20

Earthwatch Europe

Innovation

Earthwatch is a global leader in citizen science, trialling innovative tools and approaches to improve our own practice and that of the wider scientific community. Our Innovation work aims to enhance our understanding and improve the positive impact of citizen science. The Innovation team contributes to the development of citizenscience tools and resources, empowering communities to take positive action for nature.

Our Innovation research focuses on:

Advancing citizen science theory and practice

Creating platforms, collaborations and knowledge exchange that enables environmental impact within our focus areas

Creating methods and tools that will allow novel data collection and analysis within our focus areas

2022/23 Objectives

BENCHMARKS (Building a European Network for the Characterisation and Harmonisation of Monitoring Approaches for Research and Knowledge on Soils) which aims to validate and further develop indicators for soil health.

CHEERS (Producing novel non-plant biomass feedstocks and bio-based products through upcycling and the cascading use of brewery side-streams) which contributes to lower the environmental impact and increase resource efficiency of bio-based industries.

ILIAD (Integrated Digital Framework for Comprehensive Maritime Data and Information Services) which is developing a comprehensive set of digital twins of the oceans.

RURALITIES (Climate smart, ecosystem-enhancing and knowledge-based rural expertise and training centres).

2022/23 Achievements

In 2023 we won funding for, and started, the project ProBleu (Promoting ocean and water literacy in school communities).

We also successfully applied for funding for the following long-term projects which will begin in 2024:

Our MICS tool continues to be recognised and shared at international conferences. MICS has been included as part of our contribution to several Horizon Europe proposals currently under consideration. Our learnings from the MONOCLE project, regarding exploitation and dissemination continue to support our contribution for proposals, as well as FreshWater Watch developments.

In addition to the relationships developed through the Freshwater programme and the project in Malawi in partnership with Plan International, we conducted six successful mission trips to selected African countries

to build network and identify opportunities. Relationships are being cultivated and a couple of proposals have been or will soon be submitted to the EU / UKRI that would directly fund us to work in the region.

In May two team members attended and presented (one poster on CHEERS, one session on ILIAD) at the Citizen Science Association conference, in Phoenix, Arizona. Also this year, our Innovation team were featured in two publications:

Financial Year in numbers

6

projects ongoing, with collectively over 150 project partner organisations.

12

project proposals submitted to Horizon Europe, with 3 successfully funded; strengthening collaborations with more than 30 partners.

2

peer-reviewed publications in high impact journals.

23

22 Earthwatch Europe

Report and financial statements 2023

MINI UK and Tiny Forest

Creating big changes using small spaces

The MINI UK partnership with Earthwatch was born from an initial interest in Tiny Forest’s potential for boosting biodiversity and bringing communities together, as well as the project’s innovative scalability to match forests with their retailers across the UK.

The partnership has developed from one Tiny Forest in Oxford, to bringing 14 Tiny Forests to communities across the UK.

Over the course of the two-year partnership, MINI Tiny Forest plantings have engaged over 1,600 volunteers including school children, university students, councillors, hospital staff and members of the local communities. With the final planting at Coleshill near Birmingham, a Tiny Forest has now been planted near each of the three UK MINI manufacturing sites.

Reflecting on the two-year partnership, Federico Izzo, Director, MINI UK & Ireland said, “Bringing people together, sustainability and creative use of space are all at the heart of MINI, making

Earthwatch Europe the perfect partner to help us put these values into action. I am incredibly proud of the Tiny Forests we’ve planted so far, the green space they offer communities and their positive sustainable impact.”

Ben Williams, Senior Project Manager at Earthwatch said: “Our partnership with MINI has been such an exciting journey. Between Swindon in 2021 and planting the final trees of this season in Coleshill in 2023, we’ve planted 14 Tiny Forests together. This included the first Tiny Forest in the Republic of Ireland, which will benefit clients from the Tolka River Project – a drug rehabilitation programme, and their local community.”

Over the two-year partnership, increased biodiversity has been observed at MINI Tiny Forests, which have attracted seven different butterfly species – including the Red Admiral and Skipper species – as well as frogs, newts, digger wasps’ nests and over 3,000 ground dwelling invertebrates. MINI is excited to continue monitoring the progress of its Tiny Forests, the diverse wildlife they might attract and the ways in which they are utilised by communities throughout the UK and Ireland.

Both organisations look forward to where these super tiny, super powerful forests can take them next planting season and beyond.

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Fox and the rainbow © Mark Deans
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Financial Review

Summary

We generated a combined income of £3.6 million from our generous supporters, and expenditure was £4.7 million of which £4.4 million was on our charitable activity and £0.3m on generating new income.

Total funds decreased by 24% at the end of the period due to a planned deficit budget, resulting in total funds of £3.5 million, of which £0.6 million is restricted to specific projects.

provide them with the knowledge and tools to make change happen, read more in the strategic review pages 9-23 above.

Total funds are £3.5m (2022: £4.6m), £1.8 million is free reserves which remain within the range prescribed by the trustees and represent six months’ worth of budgeted expenditure.

Following a strategic review in 2021, we took the decision to streamline our activity and use funds that had built up over previous years to strengthen our impact from connecting people with nature. Using these funds has allowed us to motivate more people to protect the environment and

Income

Source of income 2023
(£‘000)		 2022
(£‘000)		 % change
Corporate partnerships 1,578 1,980 -20%
Trust, foundation and other grants 1,186 610 94%
Research grants 306 447 -31%
Major donors and individual giving 197 114 72%
Legacies 63 132 -52%
Interest & investment income 71 85 -16%
Other income 47 27 74%
Total 3,448 3,395 2%

Earthwatch Europe receives a significant amount of its income from corporate partners. These partners support us to deliver public engagement and education programmes. Each corporation we partner with is assessed in line with our partnership ethics policy.

Individuals are able to support us via one-off donations, recurring donations, and sponsorship for marathons and other events. Our Seed Investor group of major donors continue to support us, and we are incredibly grateful for their support.

In December 2022, we launched a Christmas campaign ‘Sponsor a Sapling’. Supporters could choose a tree species and a location that was meaningful to them and create a gift certificate with a Christmas message. We were delighted that 270 saplings were sponsored for Christmas.

We have continued to generate excellent support from our corporate partners including new partnerships with Hastings Direct, Microsoft, Canon, Reckitt Benckiser Group, First Sentier, Inflexion and Admiral Group to name a few. Corporate partnership income declined slightly during 2023 due to some of our longstanding projects coming to a natural end, but this drop was replaced with continued income from trusts, foundations and grants particularly from the Local Authority Treescapes Fund to fund the Tiny Forest programme.

In April 2023, four runners took part in the London Marathon in support of Earthwatch. Keen runners Will and Stephen were joined by Gavin & Tom from Greenscape Energy. All four runners made it over the finish line and, between them raised over £6,000. We’re very grateful to them for their hard work and to everyone who sponsored them and supported our work.

Income from research grants, particularly Horizon Europe projects, remains an important source of funding across many of our programmes. Earthwatch’s accreditation as an Independent Research Organisation enables us to partner and lead on several proposals to the UK research councils and the EU. Our Netherlands office has also expanded our ability to partner with Dutch research organisations and access additional funding opportunities in Europe.

We were fortunate to receive another unrestricted gift kindly left to us in a will, and we are very grateful for each and every one.

----- Start of picture text -----
© Gavin Bulmer running the London Marathon 2023 for Earthwatch
----- End of picture text -----

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. This year we have worked with foundations such as the National Lottery Reaching Communities Fund, The WFH Foundation and the Danson Foundation to name a few.

Earthwatch has also maintained a steady income from individuals, despite the challenges of the cost-of-living crisis.

Report and financial statements 2023 27

26 Earthwatch Europe

Investment strategy

Expenditure

Type of expenditure 2023
(£‘000)		 2022
(£‘000)		 % change Total expenditure increased by £0.8m
from 2022 to 2023.
Expenditure is classifed 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 4 of the fnancial
statements below.
Earthwatch Ltd (registered in Hong
Kong) is consolidated into the SOFA
and in the Group fgures 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.
Cost of raising funds 309 433 -29%
Soil & Water 1,060 689 54%
Tiny Forest 1,567 1,552 1%
Corporate Learning 672 515 30%
Next Generation 355 265 34%
Innovation 432 472 -8%
Naturehood 179 53 238%
Other - 5 -100%
Total 4,574 3,984 15%

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 shorter-term funds preserving their capital value with a minimum level of risk.

Investments of £2.3m (2022: £2.2m) are held in Sarasin’s Climate Active Fund:

----- Start of picture text -----
Market Total Composite
Investment term
value return benchmark
Medium-term 18m – 5yrs £0.4m 0.3% 1.9%
Long-term 5yrs+ £1.9m 1.7% 5.3%
----- End of picture text -----

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.

Investments have experienced a small recovery in market value of £40k after a substantial drop in 2022, directly linked to the impact on stocks following the war in Ukraine, the government’s mini-budget and the uncertainty of a global cost-of-living crisis. The portfolios are invested for the medium and long term and fluctuate year on year, the expectation being that portfolios will deliver a positive return in the longer term.

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

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.

General Reserves

The Trustees continue to maintain a risk-based policy of holding between three and six months’ cover for operating costs in this financial year (target: £1.8m). At 30 September 2023 General Funds for the charity stood at £1.8m (2022 £2.3m), representing 6 months’ operating costs.

In longer-term planning, we will continue to invest in the projects that we believe have impact and high longterm fundraising potential, due to the end of a long term partnership we now plan to enter a break-even position by 2026 before general reserves fall below three months’ operating expenditure.

In the Group accounts, there is a further fund which represents the net current assets held in Hong Kong £50k (2022: £106k). These funds are set aside, to fund the Earthwatch HK Awards. Awards are open to applications from early career researchers (registered post-graduate students) wanting to share their knowledge and passion for the environment with the wider public of Hong Kong. Projects must deliver value to communities, invest in the next generation and strengthen environmental awareness.

Designated funds

The designated fund balance for the charity comprises the unrestricted funds held as fixed assets, eg. equipment of £62k (2022: £74k).

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 2023, they stand at £0.6m (2022: £1.1m).

These restricted funds originate from a mix of funders and are scheduled for expenditure on research and other activities in 2024 and future years.

Endowment funds

Earthwatch Europe holds a balance of £1.0m (2022: £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 intend to start using this fund in 2024 to start a six year programme of international fellowships on Earthwatch expeditions for young Omani scientists.

Environmental impact

We take our organisational sustainability seriously and are dedicated to ensuring that our organisational practice supports the work of our programmes in minimising our own impact on the planet.

We have been updating our Sustainability Plans and have agreed the following priorities:

----- Start of picture text -----
Areas of impact Goal Actions
Get us to a position by end of Q2 where this is Lead an assessment of what we need
measured and reported routinely. To give staff to measure; and how we can integrate
Measurement Of Carbon
and management insights into where we can measurement into our everyday work without
reduce our carbon impact. creating too much more work.
Strengthen our travel/ transport policy to further
Travel Implement
reduce pollution, with a major focus on CO2.
Strengthen our Food/ Expenses Policy to reduce
Food Implement
pollution with a major focus on CO2.
Develop clearer guidelines for purchasing of
Kit equipment, from laptops, to programme delivery Implement
kit, to stationery.
Subject to Board approval, to review our banking
Finance To achieve this by the beginning of FY26.
arrangements from a sustainability perspective.
To ensure that once we are able to move office
Electricity To achieve this by the beginning of FY26.
that we can switch to a green supplier.
----- End of picture text -----

29

28

Report and financial statements 2023

Earthwatch Europe

Governance

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

Committees, attendance and remuneration

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:

Kian Bakhtiari Manu Maunganidtze (appointed 15 December 2023) (appointed 15 December 2023)

The Board meets quarterly to consider strategic business issues, and three sub-committees meet as and when particular business demands require.

Nina Bhola

Emily Murrell

Dorothee D’Herde Ozlem Robinson (appointed 15 December 2023)

Ed Green

Sonia Shah (appointed 15 December 2023)

Finance committee

Lucian Hudson (Chair)

This committee assists the Board in its duty to supervise the Trust’s financial affairs. It also acts as an audit committee and an investment committee.

Cristian Parrino

Jos Huijbregts

Adam Powell

Geoffrey Lane (Vice Chair)

Nominations committee

Ben Wilson

This committee exercises general oversight concerning matters pertaining to the structure, composition and effectiveness of the Board and its Committees. In 2023 the nominations committee elected five Trustees to join the Board.

Dax Lovegrove Wen Yu Weng (appointed 15 December 2023)

Jack Matthews

Ad-hoc working groups

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.

These special purpose committees are of limited duration, appointed by the Board to consider a specific matter and are dissolved automatically upon submitting its final report to the Board, unless otherwise directed. During the year Trustees were nominated onto a working group to take a closer look at the charity’s relationship with a major partner and return with a recommendation on whether the partnership agreement should be renewed in 2024.

The Trustees annual risk statement

Risk is considered in key decision processes at Executive and Board level. The Board reviews the major risks faced by the Charity at least annually after a more detailed discussion at the Finance Committee. The review includes reviewing the adequacy of the actions being taken in response to each risk.

Mitigation:

The Board is satisfied that the major risks facing the Charity have been identified and are being appropriately addressed.

Overall, the Board considers that the key risks currently facing the Charity are as follows:

Delivering our charitable obligations

Financial viability and business continuity

Our current priority is climate resilience and biodiversity in urban settings; improving freshwater environments; agricultural land management; and preparing the next generation to protect the natural world. The main risks include creating fundable projects that generate support across a variety of sectors, responding quickly to the effects of climate change on our delivery, and preparing for political challenges.

The key risks, continue to be external factors such as a pandemic or economic downturn impacting our funding and delivery, but we are also at risk of not maintaining strong communication with our supporters in an ever-changing digital environment.

Mitigation:

Mitigation:

People

Our people are our greatest asset. Visible lack of leadership including failure to create a working environment in which staff and volunteers are valued and performance managed, leads to ineffectiveness and lack of understanding.

Brand and reputation

Supporters are crucial to our success and failure to uphold our reputation would lead to losing their support and our ability to empower people to make a direct contribution to scientific research.

Failure to attract, engage, develop and retain the best staff in an increasingly competitive labour market leads to reduced ability to deliver successful outcomes.

Mitigation:

Mitigation:

Compliance

Compliance covers events that could impact on reputation and operations, such as serious fraud, an information security breach, a cyber-attack or a significant health and safety or safeguarding incident.

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Report and financial statements 2023

Earthwatch Europe

Policies

Statement of going concern

Remuneration policy

The Trustees recognise that there are uncertainties in the delivery of the current strategic plan as well as in external factors such as the economic forecast. However, they consider due to the nature of Earthwatch’s income and its lack of reliance on donations from the general public, that there are no material uncertainties which would cast doubt on Earthwatch’s ability to continue as a going concern.

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, as part of the business planning and budget process to ensure we have sufficient funds available. If we do award a cost-of-living increase, we will decide on the level of pay award taking a number of factors into account, including the living wage, changes in the job market, the retail and consumer price indexes (rpi and cpi) and other relevant cost of living factors.

The trustees have considered the impact of an economic downturn on the budgets and cash flow forecasts prepared and, following this review, remain satisfied that Earthwatch remains a going concern for a period of at least one year from the date these accounts were approved.

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.

Professional Advisors

Key management personnel

Auditor:

Steven Andrews

Chief Executive

Sayer Vincent LLP Invicta House, 110 Golden Lane, London, EC1Y 0TG

Neil Bailey

Philanthropy Director

Maria Pontes

Programmes & Partnerships Director

Bankers:

Barclays Bank plc 54 Cornmarket St, Oxford OX1 3HB

John Ward-Zinski

Business Development Director

Toos Van Noordwijk (resigned 18 February 2024)

Nationwide plc

Science, Policy and Innovation Director

44 Queen St, Oxford OX1 1ET

Joanne Woolley

Director of Finance and Operations

Investment Manager:

Sarasin & Partners LLP Juxon House, 100 St Paul’s Churchyard, London, EC4M 8BU

Josh Kubale (appointed 01 May 2023)

Interim Head of Communications

Solicitors:

The total aggregated salary cost of management personnel in 2023 was £519k (2022: £475k). The increase in costs is due to the addition of the Director of Finance and Operations being in post for a full year.

Blake Morgan LLP Seacourt Tower, West Way, Oxford OX2 0FB

Stone King LLP

Boundary House, 91 Charterhouse St, Barbican, London EC1M 6HR

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 Expeditions Inc . - 1380 Soldiers Field Road, Suite 2700, Boston, MA 01235, USA Tel: +1 800 776-0188

Earthwatch Ltd, Hong Kong - Room 901/4, Hang Seng North Point Building, 341 King’s Road, North Point Hong Kong Tel: +852 28381114

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 Institute, India - 459 Augusta Point, Level 4, Sector 53, Golf Course Road, Gurgaon, 122002, India Tel: +91 124 4354160

Earthwatch Australia - 126 Bank Street, South Melbourne, Victoria 3205, Australia Tel: +61 3 9682 6828

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).

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.

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:

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 22 March 2024 and signed on their behalf by:

Lucian J Hudson Chair

Report and financial statements 2023 33

32

Earthwatch Europe

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

Conclusions relating to going concern

Opinion

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.

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 2023 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).

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.

In our opinion, the financial statements:

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.

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.

We have nothing to report in this regard.

----- Start of picture text -----
© Pine in the van” by Mark Deans
----- End of picture text -----

Opinions on other matters prescribed by the Companies Act 2006

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

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.

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.

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.

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:

Report and financial statements 2022 35

34

Earthwatch Europe

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 non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect 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:

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 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 noncompliance. 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) 20 June 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

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

Consolidated statement of financial activities

Incorporating an income and expenditure account

For the year ended 30 September 2023

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Soil & Water
Tiny Forest
Earthwatch Learning
Next Generation
Innovation
Naturehood
Total expenditure
4
Net expenditure before net losses on
investments
Net (losses)/gains on investments
11
Net expenditure for the year
5
Transfers between funds
18
Net expenditure before other recognised
gains and losses
losses on foreign exchange translation
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Endowment
2023 Total
£
£
£
£
204,736
-
-
204,736
1,306,287
1,865,384
-
3,171,671
71,126
-
-
71,126
1,582,149
1,865,384
-
3,447,533
309,006
-
-
309,006
532,128
527,981
-
1,060,109
967,973
599,136
-
1,567,109
44,381
628,039
-
672,420
161,924
187,283
5,624
354,831
107,345
324,324
-
431,669
81.277
97,505
-
178,782
2,204,034
2,364,268
5,624
4,573,926
(621,885)
(498,884)
(5,624)
(1,126,393)
40,504
-
-
40,504
(581,381)
(498,884)
(5,624)
(1,085,889)
33,883
281
(34,164)
-
(547,498)
(498,603)
(39,788)
(1,085,889)
(10,586)
-
-
(10,586)
(558,084)
(498,603)
(39,788)
(1,096,475)
2,472,033
1,114,896
1,039,788
4,626,717
1,913,949
616,293
1,000,000
3,530,242

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 18 to the financial statements.

Report and financial statements 2023 37

36 Earthwatch Europe

Balance Sheet

Consolidated cash flow statement

For the year ended 30 September 2023

Note
Fixed assets:
Tangible assets
10
Investments
11
Current assets:
Debtors
14
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
18
Total net assets
Funds:
Endowment funds
Restricted income funds
Unrestricted income funds:
Designated funds
General funds
Non-charitable trading funds
Total unrestricted funds
Total funds
18		 The Group
The Charity
2023
2022
2023
2022
£
£
£
£
61,505
73,521
61,505
73,521
2,278,570
2,171,318
2,278,570
2,171,318
2,340.075
2,244,839
2,340.075
2,244,839
760,406
1,362,950
759,789
1,362,371
802,072
1,639,164
787,402
1,607,984
1,562,478
3,002,114
1,547,191
2,970,355
(372,311)
(620,236)
(406,859)
(692,096)
1,190,167
2,381,877
1,140,332
2,278,258
3,530,242
4,626,717
3,480,407
4,523,097
3,530,242
4,626,717
3,480,407
4,523,097
1,000,000
1,039,788
1,000,000
1,039,788
616,293
1,114,896
616,293
1,114,896
61,505
73,521
61,505
73,521
1,802,609
2,294,892
1,802,609
2,294,892
49,835
103,620
-
-
1,913,949
2,472,033
1,864,114
2,368,413
3,530,242
4,626,717
3,480,407
4,523,097

For the year ended 30 September 2023

Cash flows from operating activities
Net expenditure for the reporting period
(as per the statement of financial activities)
Depreciation charges
Gains/(losses) on investments
Dividends, interest and rent from investments
Decrease/(increase) in debtors
Decrease in creditors
Net cash (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets
Movement in cash held by investment managers
Proceeds from sale of investments
Purchase of investments
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
(1,067,353)
27,875
(40,504)
(71,126)
602,544
(277,047)		 2023
£
(825,611)		 2022
£
(956,597)
16,842
380,091
(85,335)
(812,939)
(217,237)		 2022
£
(1,675,175)
71,126
(15,859)
(66,748)
-
-		 85,335
(62,020)
(10)
1,807,021
(91,938)
(11,481) 1,738,388
(837,092)
1,639,164		 63,213
1,575,951
802,072 1,639,164

Approved by the Trustees on 22 March 2024 and signed on their behalf by

Lucian J. Hudson Chair

Report and financial statements 2023 39

38

Earthwatch Europe

Accounting policies (continued)

Notes to the financial statements

For the year ended 30 September 2023

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.

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.

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.

Legacy income is recognised once a reasonable estimate of its value can be made and providing there is no evidence of any significant contentious claims concerning the deceased’s estate. Where a legacy is for part of the residue of an estate, the deceased’s will, initial statements of assets and liabilities, and draft estate accounts, are used to calculate the estimated value of the bequest. This estimate is only recognised as income once the executors have proved the will (i.e. obtained probate).

f) 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.

g) Fund accounting

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 whollyowned 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

c) Public benefit entity

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

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.

h) 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:

Report and financial statements 2023 41

40 Earthwatch Europe

pp

Accounting policies (continued)

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

i)

Grants payable

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 22%
TinyForest 33%
Corporate Learning 14%
CapacityDevelopment 7%
Innovation 13%
Naturehood 4%
Other 0%

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.

k) Operating leases

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:

m)

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.

n) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

o) Cash at bank and in hand

p) Creditors and provisions

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

l) 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.

q) Financial instruments

The charity has both basic and non-basic financial assets and financial liabilities. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Non-basic financial instruments are measured at fair value with any gain or loss going to the statement of financial activities.

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.

Report and financial statements 2023 43

42

Earthwatch Europe

r) 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.

s) 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.

t) Related party transfers

Unrestricted donations of £1,200 were received during the year from another not-for-profit entity that one Trustee served on. There were no other related party transactions in the year (2022: £1,200)

2 Income from donations and legacies

Donations 2023
Total
£
204,736
204,736		 2022
Total
£
272,864
272,864

3 Income from charitable activities

Corporate income
Other grants and donations
Total		 2023
Unrestricted
Restricted
Total
£
£
£
659,975
895,072
1,555,047
646,312
970,312
1,616,624
1,306,287
1,865,384
3,171,671		 2022
Unrestricted
Restricted
Total
£
£
£
1,527,510
452,480
1,979,990
118,965
937,964
1,056,929
1,646,475
1,390,444
3,036,919
4 Analysis of expenditure (current year)
Charitable activities
Cost of
raising
funds
Soil &
Water
Tiny
Forest
Corporate
Learning
Next
Generation
Innovation
Naturehood
Governance
costs
Support
costs
2023
Total
£
£
£
£
£
£
£
£
£
£
Staff costs
256,405
429,807
612,594
245,640
156,021
235,256
89,876
48,136
576,755
2,650,490
Research and field costs
-
103,723
24,209
-
26,000
-
3,050
-
-
156,982
Engagement costs
-
219,047
519,256
263,743
67,593
38,022
25,585
-
-
1,133,246
Development and
fundraising
52,601
1,067
222
155
419
259
496
-
-
55,219
Audit
-
-
-
-
-
-
-
16,694
-
16,694
Trustee costs
-
-
-
-
-
-
-
1,275
-
1,275
Office costs
-
-
-
-
-
-
-
-
263,574
263,574
Finance & HR costs
-
-
-
-
-
-
-
-
154,686
154,686
Other costs
-
25,194
9,939
2,131
2,697
4,176
960
-
96,662
141,759
Total expenditure 2023
309,006
778,838
1,166,220
511,669
252,730
277,713
119,967
66,105
1,091,677
4,573,929
Support costs
-
265,211
378,000
151,572
96,272
145,163
55,459
-
(1,109,677)
-
Governance costs
-
16,060
22,889
9,179
5,829
8,792
3,356
(66,105)
-
-
Total expenditure 2023
309,006
1,060,109
1,567,109
672,420
354,831
431,669
178,782
-
-
4,573,929		 4,573,929
-
-		 4,573,929
1,091,677
(1,109,677)
-		 -

Report and financial statements 2023 45

44 Earthwatch Europe

4b
Analysis of expenditure (prior year)
Charitable activities
Cost of
raising
funds
Soil &
Water
Tiny
Forest
Corporate
Learning
Next
Generation
Innovation
Naturehood
Other
Governance
costs
Support
costs
2022
Total
£
£
£
£
£
£
£
£
£
£
£
Staff costs
330,065
224,682
506,414
173,917
103,214
215,063
21,624
2,137
50,139
545,474
2,172,729
Research and field costs
-
45,471
74,979
-
35,262
-
1,500
-
-
-
157,212
Engagement costs
-
208,982
546,778
197,255
39,301
74,523
11,957
733
-
-
1,079,529
Development and
fundraising
102,808
-
-
-
-
-
-
-
-
-
102,808
Audit
-
-
-
-
-
-
-
-
16,796
-
16,796
Trustee costs
-
-
-
-
-
-
-
-
-
-
-
Office costs
-
-
-
-
-
-
-
-
-
197,235
197,235
Finance & HR costs
-
-
-
-
-
-
-
-
-
155,207
155,207
Other costs
-
25,331
6,491
1,057
2,258
5,243
110
65
-
61,804
102,359
432,873
504,466
1,134,662
372,229
180,035
294,829
35,191
2,935
66,935
959,720
3,983,875
Support costs
-
172,913
389,733
133,845
79,433
165,510
16,642
1,644
-
(959,720)
-
Governance costs
-
12,060
27,181
9,335
5,540
11,543
1,161
115
(66,935)
Total expenditure 2022
432,873
689,439
1,551,576
515,409
265,008
471,882
52,994
4,694
-
-
3,983,875		 4b
Analysis of expenditure (prior year)
Charitable activities
Cost of
raising
funds
Soil &
Water
Tiny
Forest
Corporate
Learning
Next
Generation
Innovation
Naturehood
Other
Governance
costs
Support
costs
2022
Total
£
£
£
£
£
£
£
£
£
£
£
Staff costs
330,065
224,682
506,414
173,917
103,214
215,063
21,624
2,137
50,139
545,474
2,172,729
Research and field costs
-
45,471
74,979
-
35,262
-
1,500
-
-
-
157,212
Engagement costs
-
208,982
546,778
197,255
39,301
74,523
11,957
733
-
-
1,079,529
Development and
fundraising
102,808
-
-
-
-
-
-
-
-
-
102,808
Audit
-
-
-
-
-
-
-
-
16,796
-
16,796
Trustee costs
-
-
-
-
-
-
-
-
-
-
-
Office costs
-
-
-
-
-
-
-
-
-
197,235
197,235
Finance & HR costs
-
-
-
-
-
-
-
-
-
155,207
155,207
Other costs
-
25,331
6,491
1,057
2,258
5,243
110
65
-
61,804
102,359
432,873
504,466
1,134,662
372,229
180,035
294,829
35,191
2,935
66,935
959,720
3,983,875
Support costs
-
172,913
389,733
133,845
79,433
165,510
16,642
1,644
-
(959,720)
-
Governance costs
-
12,060
27,181
9,335
5,540
11,543
1,161
115
(66,935)
Total expenditure 2022
432,873
689,439
1,551,576
515,409
265,008
471,882
52,994
4,694
-
-
3,983,875		 3,983,875
-		 3,983,875
959,720
(959,720)		 -
66,935
-
(66,935)		 -
Other
£
2,137
-
733
-
-
-
-
-
65		 2,935
1,644
115		 4,694
Naturehood
£
21,624
1,500
11,957
-
-
-
-
-
110		 35,191
16,642
1,161		 52,994
Innovation
£
215,063
-
74,523
-
-
-
-
-
5,243		 294,829
165,510
11,543		 471,882
Next
Generation
£
103,214
35,262
39,301
-
-
-
-
-
2,258		 180,035
79,433
5,540		 265,008
Corporate
Learning
£
173,917
-
197,255
-
-
-
-
-
1,057		 372,229
133,845
9,335		 515,409
Tiny
Forest
£
506,414
74,979
546,778
-
-
-
-
-
6,491		 1,134,662
389,733
27,181		 1,551,576
Soil &
Water
£
224,682
45,471
208,982
-
-
-
-
-
25,331		 504,466
172,913
12,060		 689,439

5 Net income for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2023 2022
Total Total
£ £
Depreciation on tangible fixed assets 27,875 16,842
Operating lease rentals:
Property 115,200 96,860
Auditor's remuneration (excluding VAT):
Audit 14,850 13,550
Under/(over) accrual from prior year 2,040 -
Foreign exchange (gains) or losses (10,586) 12,251
6
Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management		 personnel
Staff costs were as follows:
2023 2022
Total Total
£ £
Salaries and wages 2,289,335 1,880,544
Redundancy and termination costs 7,607 -
Social security costs 251,263 210,113
Employer’s contribution to defined contribution pension schemes 102,285 82,072
2,650,490 2,172,729

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:

2023 2022
No No
£80,000 - £89,999 1 1
£60,000 - £69,999 4 2

The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel were £519,153 (2022: £474,881).

The charity Trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity Trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £1,275 (2022: £nil) incurred by 3 (2022:nil) members relating to attendance at meetings of the Trustees.

Report and financial statements 2023 47

46 Earthwatch Europe

7 Staff numbers

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

2023 2022
No No
66 55

The actual number of employees at 30 September is 66 (2022: 58); the full-time equivalent is 59.7 (2021: 51.6), the difference being due to job shares and part-time positions held by employees.

8 Related party transactions

Aggregate donations from related parties were £1,200 from one Trustee, made up of £100 monthly donations from Richmond & Kingston Crossroads Care (2022: £1,200).

9 Taxation

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

10 Fixed assets

11 Investments

The group and charity

The group and charity
Fair value at the start of the year
Additions at cost
Disposal proceeds
Net (loss)/gain on change in fair value
Cash held by investment managers Fair value at
the end of the year
Investments comprise:
UK Common investment funds
Amounts held as cash		 2023
Total
£
2,171,318
-
-
40,504
2,211,822
66,748
2,278,570
£
2,211,822
66,748
2,278,570		 2022
Total
£
4,266,482
91,938
(1,807,021)
(380,091)
2,172,729
10
2,171,318
£
2,171,308
10
2,171,318

The group & charity

Cost
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Disposals in year
At the end of the year
Net book value
at the end of the year
At the start of the year		 Leasehold
improvements
£
60,503
-
-		 Furniture and
equipment
£
82,401
-
(26,651)		 Computer
equipment
£
360,460
1,999
(309,542)		 Software
Total
£
£
57,686
561,050
13,860
15,859
-
(336,193)
60,503 55,750 52,917 71,546
240,716
43,244
6,050
-		 80,881
981
(26,651)		 356,994
1,615
(309,542)		 6,410
487,529
19,299
27,875
-
(336,193)
49,294 55,211 49,067 25,639
179,211
11,209 539 3,850 45,907
61,505
17,259 1,520 3,466 51,276
73,521

All of the above assets are used for charitable purposes.

Report and financial statements 2023 49

48 Earthwatch Europe

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$). The results have been converted at the year-end exchange rate of 10.47 HK$ per £ (2022: 10.29 HK$ per £).

During the year Trustees, Joanne Woolley, Steven Andrews and Gitte Venicx were appointed.

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

Income and expenditure
Outgoing charitable resources
Profit/(loss) for the year
Reserves brought forward
Reserves carried forward
Balance sheet
The aggregate of the assets, liabilities and funds was:
Current assets
Current liabilities
Funds
13
Parent charity
The parent charity's gross income and the results for the year are disclosed as follows:
Gross income
Result for the year		 2023
Total
£
(53,785)
(53,785)
103,620
49,835
53,826
(3,991)
49,835
2023
Total
£
3,622,929
(1,042,690)		 2022
Total
£
(15,219)
(15,219)
118,839
103,620
106,201
(2,581)
103,620
2022
Total
£
3,395,118
(941,376)

14 Debtors

14
Debtors
Trade debtors
Accrued income
Prepayments and other income		 The group
2023
2022
Total
Total
£
£
285,310
992,370
348,059
241,601
127,037
128,979
760,406
1,362,950		 The charity
2023
2022
Total
Total
£
£
285,309
992,370
348,059
241,601
126,421
128,400
759,789
1,362,371
1,362,371

15 Creditors

Trade creditors
Taxation and social security
Amounts owed to subsidiary undertakings
Accruals and other creditors
Deferred income (note 16)		 The group
2023
2022
Total
Total
£
£
127,858
118,280
52,614
67,364
-
-
162,717
147,280
29,122
287,312
372,311
620,236		 The charity
2023
2022
Total
Total
£
£
127,858
118,280
52,614
67,364
38,539
74,440
158,726
144,700
29,122
287,312
406,859
692,096		 The charity
2023
2022
Total
Total
£
£
127,858
118,280
52,614
67,364
38,539
74,440
158,726
144,700
29,122
287,312
406,859
692,096
692,096

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		 The group
2023
2022
Total
Total
£
£
287,312
370,344
(287,312)
(370,344)
29,122
287,312
29,122
287,312		 The charity
2023
2022
Total
Total
£
£
287,312
370,344
(287,312)
(370,344)
29,122
287,312
29,122
287,312		 The charity
2023
2022
Total
Total
£
£
287,312
370,344
(287,312)
(370,344)
29,122
287,312
29,122
287,312
287,312

Report and financial statements 2023 51

50 Earthwatch Europe

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

Tangible fixed assets
Fixed asset investments
Net current assets
Net assets at the end of the year		 General
unrestricted
funds
Designated
funds
Endowment
funds
Restricted
funds
Total
funds
£
£
£
£
£
-
61,505
-
-
61,505
1,278,570
-
1,000,000
-
1,000,000
573,874
-
-
616,293
1,190,167
1,852,444
61,505
1,000,000
616,293
3,530,242

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

Tangible fixed assets
Fixed asset investments
Net current assets
Net assets at the end of the year		 General
unrestricted
funds
Designated
funds
Endowment
funds
Restricted
funds
Total
funds
£
£
£
£
£
-
73,521
-
-
73,521
2,171,318
-
-
-
2,171,318
227,194
-
1,039,788
1,114,896
2,381,878
2,398,512
73,521
1,039,788
1,114,896
4,626,717

18a Movements in funds (current year)

)
At 1 October
2022
£
1,039,788		 Income &
gains
£
-		 Expenditure
& losses
£
(5,624)		 Transfers
£
(34,164)		 At 30
September
2023
£
1,000,000
1,039,788 (5,624) (34,164) 1,000,000
202,433
268,308
406,138
75,950
123,812
38,255		 436,253
524,226
409,902
190,882
203,010
101,111		 (527,981)
(599,136)
(628,038)
(187,284)
(324,324)
(97,505)		 -
-
281
-
-
-		 110,705
193,398
188,283
79,548
2,498
41,861
Unrestricted funds:
Designated funds:
Capital fund
Total designated funds
General funds
Non-charitable trading funds
Total unrestricted funds
Total funds
18b
Movements in funds (prior year)
Endowment funds:
40th anniversary fellowship
Total endowment funds
Restricted funds:
Soil & Water
Tiny Forest
Corporate Learning
Capacity Development
Innovation
Naturehood
Other
HSBC Climate Partnership
Total restricted funds
Unrestricted funds:
Designated funds:
Capital fund
Other
Total designated funds		 At 1 October
2022
£
73,521		 Income &
gains
£
-		 Expenditure
& losses
£
(27,875)		 Transfers
£
15,859		 At 30
September
2023
£
61,505
73,521 - (27,875) 15,859 61,505
2,294,892
103,620		 1,622,653
-		 (2,132,960)
(53,785)		 18,014
-		 1,802,609
49,835
2,472,033 1,622,653 (2,214,620) 33,883 1,913,949
4,626,717 3,488,037 (4,584,512) - 3,530,242

At 1 October
202
£
1,039,788		 Income &
gains
£
-		 Expenditure
& losses
£
-		 Transfers
£
-		 At 30
September
2022
£
1,039,788
1,039,788 - - - 1,039,788
14,464
252,869
51,016
97,474
70,770
-
1,772
282,334		 170,538
630,674
81,005
74,082
389,431
44,714
-
-		 (146,944)
(625,736)
(101,149)
(107,086)
(338,372)
(6,459)
(3,773)
(282,334)		 164,375
10,501
375,266
11,480
1,983
-
2,001
-		 202,433
268,308
406,138
75,950
123,812
38,255
-
-
770,699 1,390,444 (1,611,853) 565,606 1,114,896
28,343
801,928		 -
829,424		 (16,842)
(641,104)		 62,020
(990,248)		 73,521
-
830,271 829,424 (657,946) (928,228) 73,521

Report and financial statements 2023 53

52 Earthwatch Europe

General funds
Non-charitable trading funds
Total unrestricted funds
Total funds		 At 1 October
2021
Income &
gains
Expenditure
& losses
Transfers
At 30
September
2022
£
£
£
£
£
2,823,717
1,187,501
(2,078,948)
362,622
2,294,892
118,839
-
(15,219)
-
103,620
3,772,827
2,016,925
(2,752,113)
(565,606)
2,472,033
5,583,314
3,407,369
(4,363,966)
-
4,626,717

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. Since inception in 2023 the fund has generated £39,788 of income, £9,878 was used during 2023 and the remaining £24,286 was transferred to general funds to be used in 2024 to fund a meeting with Oman authorities, developing a concept for the drawdown of funds and reviving our work supporting Omani scientists.

Purposes of restricted funds

Restricted funds include many individual grants and donations for specific purposes, which will be applied to future costs over the lifespan of projects.

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.

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:

Less than one year
One to five years		 Property
2023
2022
Total
Total
£
£
96,000
96,860
96,000
194,580
192,000
291,440

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.

21 Statement of financial activities (prior year)

21
Statement of financial activities (prior year)
Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Soil & Water
Tiny Forest
Earthwatch Learning
Next Generation
Innovation
Naturehood
Other
Total expenditure
4
Net expenditure before net (losses)/gains on
investments
Net (losses)/gains on investments
11
Net expenditure for the year
5
Transfers between funds
19
Net income/(expenditure) before other
recognised gains and losses
Gains/(losses) on foreign exchange translation
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Endowment
2022Total
£
£
£
£
272,864
-
-
272,864
1,646,475
-
1,390,444
3,036,919
85,335
-
-
85,335
2,004,674
-
1,390,444
3,395,118
432,873
-
-
432,873
445,862
-
243,577
689,439
822,094
-
729,482
1,551,576
378,742
-
136,667
515,409
136,174
-
128,834
265,008
119,621
-
352,261
471,882
35,735
-
17,259
52,994
921
-
3,773
4,694
2,372,022
-
1,611,853
3,983,875
(367,348)
-
(221,409)
(588,757)
(380,091)
-
-
(380,091)
(747,439)
-
(221,409)
(968,848)
(565,606)
-
565,606
-
(1,313,045)
-
344,197
(968,848)
12,251
-
-
12,251
(1,300,794)
-
344,197
(956,597)
3,772,827
1,039,788
770,699
5,583,314
2,472,033
1,039,788
1,114,896
4,626,717

Report and financial statements 2023 55

54

Earthwatch Europe

Thank you to our supporters

Trusts and Foundations, Governmental and Research Grants

Corporate Partners

Accenture UK

Allianz Global Investors

Blackrock

The Ann D Foundation The Banister Charitable Trust The Beatrice Laing Trust The British Omani Society

Bloomberg LP

Canon

Countryside Properties

First Foundation

The Chapman Charitable Trust

Florette

Cobb Charity

Funding Circle

Co-op Local Community Fund

Hastings Direct

The Danson Foundation

Hypnos

Department for Environment, Food and Rural Affairs

Isobaa Merino

James Hambro

Doris Field Charitable Trust

LEGO

Edward Hoare Charitable Fund

Manutan

European Commission - Horizon 2020

Marston Properties

Forestry Commission - Local Authority Treescapes Fund

Pepsico

Garfield Weston Foundation

Reckitt

Green Recovery Challenge Fund

Scottish Power The Benefact Group

Greenscape Energy

The Hobson Charity

The Kusuma Trust

The Linder Foundation

The Mather Family Charitable Trust Miss Edith Mary Sage Charitable Trust

Mr and Mrs J A Pye’s Charitable Settlement

National Lottery Community Fund NatureScot

NERC

The Nineveh Charitable Trust

The Oakdale Trust

Plan International

The Prime Foundation

Queen’s Green Canopy Southwark Climate Action Fund

States of Jersey

The Tomoro Foundation

UKRI

UNEP World Water Quality Alliance

William Dean Countryside and Educational Trust

Waterschap De Dommel Welsh Government

The WFH Foundation

Supporters and Seed Investors

The 1975 (band)

Paul Baker

Nazish Bana

Canon Dr Charlotte Bannister-Parker

Adrian Bland

Stephen Brindle

Rima Chai

Phil Clarke

Oliver Coddington

Tamsin Davies

Claire Doe

Otgontsetseg Dogsom

Isky Gordon

Shona Goulds (Emerald Pensions Consulting Ltd.)

Edward Hoare

Lisa and Tony King (The King Award for Innovation)

Geoff Lane

Erdenechimeg Luvsantseren Munkhzorigt Manaljav Judith and George Mason David Masters Price & Myers Shamita Ray Kirsty Saddler Peter Saffrey Alexander Shone Neville Shulman CBE The Tomoro Foundation Ganzorig Ulaankhuu The WFH Foundation Ian West

Richard Webb Brad Wickens Steve Williams

Nigel and Shane Winser

Will Arnold Stephen Norbury Tom Brewster Gavin Bulmer Dylan Still

Landowners & Local Authorities

Barnsley Metropolitan Borough Council Birmingham City Council Blackpool Council Bowling Park Primary School Bradford Council Bristol City Council Buckinghamshire Council Cambridge City Council Cambridgeshire County Council Central Bedfordshire Council

Charnwood Borough Council

The Guinness Partnership

Cheshire East Borough Council Thames Water Chippenham Town Council Tolka River Project City of Wolverhampton Council University of Glasgow Countryside Partnerships Wakefield Council Cranfield University Walsall Council Darlington Borough Council West Berkshire Community Hospital Derby City Council William Torbitt Primary School Doncaster Council Wirral Council Dudley Metropolitan Borough Council Witney Town Council Eastleigh Borough Council Frome Town Council Universities and Glasgow City Council Research Partners Hinckley & Bosworth Borough Council Hobbayne Primary School Cranfield University Kirklees Council Derby University

Cranfield University Derby University

Essex University

Lancing Parish Council Leicester City Council Lichfield District Council

Harper Adams University University of Leicester

University of Notttingham University of Sheffield

Littlemore Mental Health Centre London Borough of Barnet London Borough of Enfield

University of Warwick

Association for Advancing Participatory Sciences

London Borough of Hammersmith and Fulham

Australian Citizen Science Association

London Borough of Haringey London Borough of Lewisham London Borough of Redbridge London Borough of Southwark Oxford City Council

CSIC (Consejo Superior de Investigaciones Científicas) and all Cos4Cloud and ProBleu partners

European Citizen Science Association

Mahou and all CHEERS partners

Newcastle City Council

Netcompany Intrasoft and all Iliad partners

North Warwickshire Borough Council Northern Ireland Housing Executive

Office International de l’Eau and all NATALIE partners

Nottingham City Council

PEDAL Consulting and all Ruralities partners

Peabody

Solihull Metropolitan Borough Council South Swindon Parish Council South Staffordshire Council Stafford Borough Council

University of Nottingham

University of Oxford

Wageningen University and all BENCHMARKS partners

The City of Edinburgh Council

The Council of the City & County of Swansea

Report and financial statements 2023 57

56 Earthwatch Europe

Earthwatch Europe Mayfield House, 256 Banbury Road, Oxford, OX2 7DE, United Kingdom

01865 318 838

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Earthwatch Institute (Europe) is a registered charity in England and Wales, no. 1094467

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