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← Conservation Education & Research Trust

2024-09-30-accounts

Conservation Education

& Research Trust

Report and Financial statements

For the year ended 30 September 2024 Company number: 4373313 | Charity number: 1094467

Contents

Contents
Welcome 3
About Earthwatch Europe 4
Strategic report 5
Nature in Cities 6
FreshWater Watch 16
Farming with Nature 22
Innovation 26
Our commitment to equality,
diversity and inclusion		 30
Our approach to ethical fundraising 31
Financial review 32
Environmental impact 35
Governance 36
Independent auditor’s report to the members
of Conservation Education & Research Trust
Consolidated statement of financial activities		 40
44
Balance sheets 45
Consolidated cash flow statement 46
Notes to the financial statements 47

2 Conservation Education & Research Trust.& Research Trust.

Welcome

4 "Earthwatch plays a xt } - vital role in helping .> people understand our changing planet and )! ‘ inspiring action to Fl 4 protect it.” j {

October 2023 - September 2024 was a year of milestones for Earthwatch. In March 2024, we planted the 250th Tiny Forest; halfway to our target of 500 forests by 2030. Each of these forests is as unique as the community which it serves and, though small, these forests are powerful tools to help people connect with nature and provide much-needed biodiverse greenspace.

This year was undoubtedly the year of freshwater for Earthwatch. Our regular FreshWater Watch programme continued to expand and, building on this, we hosted two highly successful Great UK WaterBlitz campaigns – the UK’s largest citizen science water testing events. During these WaterBlitzes, thousands of people across the UK tested the health of their local freshwater bodies, building up a data-rich picture of water health across the nation.

This year we also launched a brand-new programme – Farming with Nature. This ambitious programme helps farmers and agribusinesses to adopt more sustainable practices. The programme is grounded in Earthwatch’s core values of robust citizen science and collaborative working. Though still in its infancy, this programme is

already making great progress and I look forward to watching it develop.

In January 2025, we will welcome a new CEO to Earthwatch, Harry Barton, who will take over from Steve Andrews. Steve has given exceptional service to Earthwatch over the last five years. Though we will be sorry to bid farewell to Steve, the Trustees and I are excited to start Earthwatch’s new chapter with Harry at the helm.

As a science-led organisation, Earthwatch plays a vital role in helping people understand our changing planet and inspiring action to protect it. We empower communities to become agents of change, equipping them with the knowledge and tools to protect our environment. By fostering collaboration between scientists and communities, we work towards a sustainable future where people and nature thrive.

Lucian J Hudson

Chair, Earthwatch Europe

Report and financial statements 2024 3

About

Earthwatch Europe

Earthwatch Europe works to create a world where we live in balance with nature. We connect people with nature, motivate them to protect the environment and provide them with the knowledge and tools to make change happen.

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.

To find out more about what we do and how you can support us, visit www.earthwatch.org.uk

Impact led

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.

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.

Powered by science

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 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.

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Nature in Cities

Earthwatch Europe's Nature in Cities programme aims to create greener, healthier urban areas and improve access to naturerich spaces.

Through our community-centric work, we create new urban natural solutions, engage people of all ages in citizen science projects and offer educational programs for teachers, schools and young people, inspiring the next generation of environmental stewards and equipping them with the knowledge and skills to take action.

“We’ve had an amazing time being data scientists: making new friends, spending time in nature and improving our knowledge of trees.” Walsall Healthy Spaces Team

6 Conservation Education & Research Trust.

Overview of the year

This year we have continued to grow our Nature in Cities work, delivering community-scale nature recovery projects in 45 locations across the UK. From tree planting to pond creation, we have had the support of incredible volunteers, who have helped design, plant, monitor and maintain these new nature spaces.

Across our urban projects we have run 230 engagement events, training sessions and other activities as an opportunity for people to come together, take positive environmental actions, engage in citizen science and connect with nature. Directly engaging 8,837 people.

We have also engaged a community of over 7,600 teachers and educators to help build confidence in outdoor learning and inspire the next generation to take action for our planet.

Urban greenspace

In 2023-2024 we established 34 new Tiny Forests with communities, engaging 4, 993 volunteers nationwide.

These forests were made possible through the generous support of funders including: the Forestry Commission’s Local Authority Treescapes Fund, The WFH Foundation, Heart of Bucks Community Foundation, The National Forest, Bannister Charitable Trust, Garfield Weston Foundation, Fairhive, Kier, Canon, Microsoft, Funding Circle, Edward and Poppy Lea and many more, including our Seed Investors who support the wider programme. In addition, we have partnered with the Welsh Government to train Local Delivery Partners on how to establish Coetiroedd Bachs (Tiny Forests) in Wales.

For each Tiny Forest planted, we endeavour to recruit volunteer Tree Keepers who act as the ambassadors for the Tiny Forest, supporting with activities such as maintenance and monitoring. We now have over 690 amazing Tree Keepers supporting the national network of Tiny Forests. To support our volunteers, we have hosted two Tree Keeper parties, run 29 induction and training webinars, shared regular newsletters and helped build connections between Tree Keepers through online forums and in-person events.

Earthwatch is committed to improving the reach of our projects and reducing inequalities in access to nature. In 2023, we secured a twoyear partnership project, funded by The National Lottery Climate Action Fund to engage people from under-represented groups with the Tiny Forest movement in England and Scotland at 60 locations. We also secured a partnership with Rethink Mental Illness to explore how nature connection in urban spaces can improve mental health. Both of these partnerships are proving invaluable in building our understanding of engaging diverse audiences and potential barriers to participation and will continue into next year.

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“Being in an outside environment and doing something useful (even in some small way) to help mitigate the changing environment makes me happy. I thank you for making that happen.”

Volunteer, John Clare Recreation Ground Tiny Forest, Peterborough

Throughout the summer of 2024, we ran 61 Tiny Forest engagement events in the UK and the Netherlands, including Discovery Days, pop up stalls in local communities, workshops and local festivals, such as the British Science Festival which was a sold-out event. Discovery Days are run by Earthwatch staff and provide an opportunity for the community to come together at the Tiny Forest to connect with nature and learn about the benefits these forests can provide through citizen science and fun outdoor activities.

In the Netherlands, we led a pilot project in the Provincie Noord-Brabant to research the process of creating long-term social impact in local green spaces (Tiny Forests), using community consultation and nature events. The local communities were invited to co-create their Tiny Forest event, resulting in a varied range of events including outdoor yoga, nature walks, citizen science monitoring, nature crafting and even a bird feeder workshop. We collaborated with 20 local organisations, volunteer groups and community hubs to create and deliver these communityfocused Tiny Forest events and the project has provided valuable ideas to embed into the wider programme.

Between Oct 23 – Sept 24 citizen scientists conducted 5,458 monitoring surveys, providing valuable data on research topics including biodiversity, tree growth and carbon storage, thermal comfort, and flood management. This equates to approximately 678 hours of data collection by our volunteers! Currently, our scientists are rigorously analysing this data, and the findings are set to be published in January 2025. Results from last year’s monitoring report have been presented in several forums including at the British Ecological Society annual conference and the European Citizen Science Association (ECSA) conference. In addition, our science team has continued to coordinate the Miyawaki Research Network, bringing researchers from across the world together to explore the development and usage of tree planting using the Miyawaki method. This year we had two PhD students commence research projects on Tiny Forests and secured NERC funding to deliver an engaged listening session with community members finding out what they are concerned about in environmental science.

Report and financial statements 2024 9

Future generations

Through our education programmes, we collaborate with educators to create lasting change for all children and young people through building a strong and sustained connection to nature, building green skills for the future, and creating a space for learning and exploration that builds constructive hope.

In the past year, we delivered four Teach Earth Teacher Training Programmes in London and Leicester, supporting educators at the initial teacher training phase and with educators in Science Lead roles. We also delivered two Teach Earth in the Field residential programmes, hosting a primary phase weekend, and a secondary phase weekend. These projects were made possible through the generous support of funders including: First Sentier Foundation.

In 2024 we grew our Green Earth Schools programme, working with a further six schools across London, Bristol and South Wales - transforming schools grounds with new nature spaces to support outdoor learning and running a learning programme

to nurture equitable access to green skills and connection to nature, through the power of youth voice. All this was made possible thanks to the generous support of funders including: First Sentier Foundation; Inflexion Foundation; Isobaa and WFH Foundation. Earthwatch Europe also became a Pilot Affiliate Partner of the National Education Nature Park and will continue this partnership into the year ahead.

Green STEM Futures was piloted as a brand-new learning programme supported by a targeted intervention grant from STEM Learning, aiming to nurture equitable and inclusive pathways into green STEM careers for young people in Hackney and Tower Hamlets, London.

is * 4 a a ‘ei | Ps “The garden space will create a pee l(a 7 pasateea | safe and therapeutic environment for pupils who need time away from the hustle and bustle of busy school life. The garden will also serve a great purpose in helping pupils to thrive emotionally and socially through an enriching and holistic curriculum.” Rachael Spain, Brynteg Secondary School

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Community engagement

In August 2024 our Naturehood Oxford project, funded by the National Lottery Reaching Communities Fund, came to a close.

This project was focused on working with community representatives to create better spaces for people and wildlife and increasing community cohesion and wellbeing through collective action.

The project successfully engaged with five communities in Oxford (Barton, Risinghurst, Rose Hill, Sandhills and Wood Farm) to bring people together, boost connection to nature and create more wildlife-rich spaces. The project saw a total of 1,065 local people attend Naturehood events and engaged 237 volunteers in the development and delivery of Naturehood community action plans. Community Leaders were supported in nature initiatives including bulb and tree planting, pond creation, toad and frog patrols and establishing mini meadows.

Report and fnancial statements 202 42 11

Science Camp

In 2024 we supported 24 Early Career Scientists on two Science Camps hosted at Hill End, Oxford.

Participants came from nine different countries including the UK, Oman, Venezuela, Ecuador, Nigeria, Zimbabwe, Malawi, Nepal and Iran. They represented 16 different institutions and organisations. The five day training covered topics on community engagement in research, citizen science and science communication and supported early career scientists throughout their research journey – including 11 PhD students, 9 graduates and masters students, 2 undergraduates and 2 working in the sector.

This year, we were thrilled to welcome 11 Omani early career scientists, which marked the beginning of our new programme work with Oman. The support of the British Omani Society and new partnerships with institutions in Oman made this possible. An international group promotes sharing of knowledge across borders, development of language and confidence, and growth of international networks. It enables participants to explore environmental career paths and opportunities in different contexts across the globe.

Research topics being undertaken by participants included nature based solutions to flood risk management, water quality, the impact of aquaculture on ecosystems and the threats to fish populations in wadis; community engagement work using GIS to understand the connection between humans and ecosystems in urban areas; how to develop a safe and sustainable project from seaweed and marine flora, the use of participatory communication in disaster risk reduction, using environmental science and outdoor learning as a tool to engage gypsy, Roma and traveller community children; assessing the impact of forest restoration policies in Latin America on community

rights and participation, empowering communities in high-risk areas exposed to hazards such as volcanic eruptions, earthquakes, heavy rain, and landslides, through using citizen science as a tool to connect people to science; and biodiversity projects looking at impact of tourism in nature reserves in Oman, distribution and impact of the invasive species such as the common mynah bird and palm squirrels and the restoration of Scottish peatlands.

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NATALIE

This year, we completed our first year of the NATALIE project, a five-year long European Union research project contributing to the objectives of the EU mission, “Adaptation to Climate Change”, which aims to support European regions to build resilience to climate change.

NATALIE aims to implement a range of different Nature-based Solutions (NbS) across 13 different countries, to address specific climate risks in the region. Earthwatch Europe is working with project partners in implementing citizen science activities at four of these NbS sites, with the aim to research the societal benefits of using citizen science as an engagement tool for NbS implementation.

We will address whether citizen science improves the acceptance of NbS and increases nature connectedness of its participants. In year one, we have established relationships with our European partners, selected the NbS and countries we will be delivering events in (Gran Canaria, Romania, France and Latvia) and developed our research methodologies.

Report and financial statements 2024

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Looking ahead
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As we move into 2025, we have exciting plans to deliver even more nature recovery activities with communities, providing opportunities for people to take part in practical actions for our planet using our bootson-the-ground approach.

We will continue to engage communities in nature recovery activities and establish 45 new Tiny Forests across England, prioritising underrepresented communities. Additionally, we will cocreate five new community food gardens, starting with a project in Hendon. To further enhance biodiversity and community connection, we will create a Tiny Meadow in Barnet.

We will also expand our education programmes in the coming year. We will collaborate with 10 new schools to transform their school grounds and provide educator training. The Teach Earth in the Field program will offer professional development for educators. We will continue our partnerships with the National Education Nature Park, CAPE

Alliance, and participate in a global Games 4 Change Student Challenge to foster nature connection and STEM skills.

Robust scientific research is at the heart of our Nature in Cities work. In 2025, we will release an annual monitoring report on the environmental and social benefits of Tiny Forests and publish a paper on the cultural significance of tree planting. We will continue to coordinate the Miyawaki Research Network and participate in the EU NATALIE project, exploring the role of citizen science in Nature-based Solutions. Additionally, we will collaborate with Oman to enhance environmental field research skills and support their national sustainability goals.

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2024/25 in numbers

Overall programme:

Community-scale nature recovery projects delivered in 45 locations

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0
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engagement
activities delivered
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8,837

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people directly engaged

Tiny Forest :

20,400 trees planted in 4,993 Volunteers engaged 34 Tiny Forests

Education:

Green Earth Schools 6 created Teach Earth 4 Teacher Training Packages run Green STEM Futures 1,660 1 programme run 256

teachers and educators, and 1,660 children directly engaged

5,458

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Monitoring surveys, equating to c.678 hours of data collection Teach Earth In The Field run 2

17,170 children and young people reached indirectly

Report and financial statements 2024 15

FreshWater Watch

FreshWater Watch trains communities to use our simple water monitoring toolkit to detect nutrient pollution.

It is not always possible to determine water quality at first glance. The FreshWater Watch toolkit helps to uncover the secrets hidden underneath the surface and makes the invisible, visible. With this robust data we can fight for real change.

Overview of the year

Freshwater Watch in the UK and Europe

FreshWater Watch is the largest citizen science water quality testing programme across the UK. With the support of The WFH Foundation, we ran the first Great UK Waterblitz in June 2024 followed by the second in September. 7,161 citizen scientists gathered information on the quality of their local rivers, ponds and lakes across these two weekends. Of the 1,380 and 2,338 sites investigated 75% and 61% showed poor water quality, respectively. This data demonstrated the pressing need for both improvements to wastewater treatment processes and reductions in agricultural pollution to reduce threats to vulnerable freshwater systems and species.

Our 132 community groups continued to gather regular and robust data from their local waterbodies. The regular monitoring activities of groups are incredibly valuable to our global dataset by helping to build a greater temporal and spatial picture of changing water quality over time. We welcomed 24 new groups in FY24 with wide-ranging motivations for taking part – from monitoring historically understudied ponds, to engaging school children with their local rivers. One group based in West London are now monitoring the water quality coming in and out of the Ealing Beaver Project at Paradise Fields in Greenford, Ealing to demonstrate the newly introduced Eurasian beavers’ effects on water quality over time. These projects were made possible through the generous support of funders, including Microsoft in London and Hastings Direct in East Sussex.

As part of the Thames Water Smarter Water Catchments programme we have been working with citizen scientists from the Evenlode Catchment. Over 60 volunteers have been taking monthly measurements all over the catchment, collecting 850+ datapoints this year. This data is amalgamated with data from sensors to report on water quality across the catchment to direct further activity, engage citizens, publish reports and contact the media. We have also co-hosted a series of podcasts/webinars entitled “Voices of the River” sharing insights from a wide range of passionate water advocates.

v

We continued our work as part of the Catchment Systems Thinking Cooperative (CaSTCo) project to promote citizen science as a way to monitor and protect our waters. Sharing our expertise and engaging with Statutory bodies (e.g. the Environment Agency), Rivers Trusts and other stakeholders across a number of demonstration catchments.

In Europe we have grown our activity in The Netherlands, associated with our Farming with Nature Programme, and in Italy, where a number of community groups across Bologna, north of Venice and south of Florence are gathering data on their local waterways. We also started a partnership with Italian NGO Parma Sostenibile to find ways of using the FreshWater Watch methodology in Parma – as a result of this collaboration, we hosted a two-day workshop in September 2024 and actively engaged local stakeholders, including universities, schools, and NGOs.

FreshWater Watch in Africa

This year, our work in Malawi as part of the CLIMB (Climate Influenced Migration: Big Data and Predictive Analytics) project, with Plan International supported by Jersey Oversees Aid (JOA), helped communities in Mzimba and Mount Mulanje gather water quality data for their local area.

Earthwatch has expanded its reach across Africa and we are now monitoring in more countries and regions than ever with in-country partners facilitating FreshWater Watch data collection in Sierra Leone, Kenya, Tanzania, Malawi, Zambia, and Ethiopia. This work would not be possible without the efforts of our local partners, inc. National Water Resources Management Agency (NWRMA) of Sierra Leone, the Water Resource User Associations (WRUAs) of Kenya, the Nairobi River Citizen Science group of Kenya, the Lake Victoria Basin Water Board (LVBWB) of Tanzania, the Ministry of Water and Sanitation of Malawi, WWF Zambia and the Ministry of Water and Energy (MoWE) of Ethiopia. We were delighted to bring everyone together when co-hosting a knowledge sharing workshop in Nairobi in October 2023, alongside UNGEMS/Water. FreshWater Watch data has made a significant impact, contributing to the recent progress report on Sustainable Development Goal (SDG) Target 6.3.2 for Sierra Leone and Zambia.

The WWQA funded a project looking at the challenges and opportunities of sharing citizen science data for SDG 6.3.2. The FreshWater Watch platform and methodology was utilised in case studies in Kenya, and South Africa, led by project partners KeNAWRUA and GroundTruth respectively, to look at different aspects of bringing this data together with their own research. This culminated in the development of the “Shared Statement on Collective data sharing for good ambient water quality” during an online workshop with over 100 attendees, which we co-hosted alongside Pulsaqua and other partners, in September 2024, to share our findings and garner wider interest and support on the topic.

We've expanded our global reach and championed citizen science as a powerful tool for water quality monitoring at the United Nations Environment Assembly (UNEA-6) in February. Earthwatch co-chairs the World Water Quality Alliance (WWQA) workstream on "Citizen Science for SDG 6.3.2." Our FreshWater Watch program contributed to the development of Policy and Technical Briefs the role of citizen science in improving ambient water quality, launched in September 2024. These briefs, drawing on insights from experts worldwide, highlight the significant impact of citizen science on water quality monitoring and management.

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714 Report and financial statements 2024 19

Looking ahead

We have ambitious plans to grow Freshwater Watch and its impact in 2025 and beyond.

We're enhancing our website to provide new citizen science tools and resources, making it easier for FreshWater Watch volunteers to visualise, analyse, and act on their data. This will empower them to take significant steps towards healthier freshwater environments.

We will continue our global impact, expanding our work across the UK, Europe, and Africa. We will collaborate with existing partners and communities, forge new partnerships in emerging countries, and build capacity to strengthen the connection between local communities and policymakers.

To gain deeper insights into water health, we will host more Water-Blitz events globally, combining citizen science with innovative scientific methods. We will actively participate in water quality citizen science networks like CaSTCo and WWQA, sharing knowledge, collaborating, and advocating for policy change.

Our reports, publications, and communications will raise awareness of water quality issues and provide valuable information to government agencies and decision-makers, supporting the necessary actions to protect our waterways.

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2023/24 in numbers

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Over
7,000
community
Great UK WaterBlitz contributors groups gathering
FreshWater
watch data
132
Policy and
Technical Brief
1
2
on the role of
citizen science countries using
in improving FreshWater Watch data
ambient water for SDG 6.3.2 reporting.
quality
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“The monthly testing routine compels me to carve out time for myself, encouraging me to venture to my two designated testing locations. Whether the weather is gloomy and damp or the sun is beaming down, these outings consistently have a positive impact on my mood and wellbeing.”

Catherine Napper McDonagh , member of Swords Tidy Towns and freshwater citizen scientist (https://earthwatch.org.uk/case-study/ramune-kuzminiene-making-acommunity-care-for-their-river/)

Report and financial statements 2024 21

Farming with Nature

Farming with Nature is our newest programme and aims to empower farmers and agribusinesses to adopt more sustainable practices.

By using citizen science, farmers can collect data on biodiversity, soil health, and water quality, enabling them to make informed decisions and improve their farming methods. This program promotes sustainable farming practices that benefit both the environment and the agricultural industry.

Conservation Education & Research Trust. ~~

Overview of the year

Earthwatch’s Farming with Nature programme went live in FY24 with the publication of our white paper ‘Farming with Nature’. This helped us increase our profile within the sector and across potential partners, laying out clearly our vision and approach:

Vision: re-imagined food system where food is farmed and produced in balance with nature.

Approach: we empower farmers and agri businesses with our citizen science userfriendly tools that help farmers assess and monitor their impact on soil health, water quality, and biodiversity. This hands-on involvement fosters new insights and a deeper sense of ownership.

The publication received great engagement across social media and the report was downloaded by representatives of water companies, supermarkets as well as agribusiness.

The launch of the programme also included the citizen science data platform integrating our existing tools for freshwater and soil health monitoring. And we have started trialling the integration of the biodiversity toolkit currently being developed within the PPS project in The Netherlands in partnership with Wageningen University and other industry and conservation organisations (see case study).

Farming with Science and Agribusiness innovation are now fully developed products with a track record. We concluded our first Farming with Science projects with great success, e.g. the collaboration with Rijnland where we worked with 15 farms in partnership with Wij.land, and Hoogheemraadschap van Rijnland to create a dynamic learning experience for farmers. We co-created a customised monitoring plan tailored to the unique needs of the participating farmers; provided materials and training to ensure farmers had the tools and knowledge they needed; guided the farmers in conducting field measurements effectively; and, analysed the data collected, providing valuable insights on water quality directly to participants in an easy to understand format through infocards and regular feedback sessions. We also initiated four new Farming with Science projects in the Netherlands /

Europe with RIVM (Dutch National Institute for Public Health and the Environment), Brabantse Bodem, Kolding Farming in Denmark and Naturalis in partnership with Yuverta.

On Agribusiness innovation, we started a new phase of work with Tate & Lyle, continuing to focus on improving stevia farming in China as part of their supply chain sustainability commitments. We are leveraging the results from previous years work, which included further reductions on the overall environmental impact of stevia farming through optimisation of fertilizer application and recycling of plastic film, to look into further enhancements. We have also seen an increase from 50 % to 100% participating farmers recognising climate change as a high risk to their activities as a result of participating in this program. In FY24, we also launched a new programme of work with Pepsico looking at regenerative practices and soil health in potato farms across Europe.

The white paper includes examples of these projects, and we have also demonstrated this work at relevant conferences such as Groundswell in the UK and Regenerative Agriculture Summit Europe in The Netherlands.

With a team that is fully operational, delivering on our portfolio of projects in The Netherlands and EU, we have started to investigate opportunities to grow our work into the UK which will see us partner with Greenwich University next year, to work with farmers and schools within a UKRIfunded project.

The team also leads, in collaboration with Innovation, our contribution to the EU-funded project Benchmarks, which is building a European network – and an integrated soil health monitoring framework – to advance soil research, monitor soil health and advocate for sustainable land use. It aims to validate and further develop indicators for soil health and functions, developing an Integrated Soil Health Monitoring Framework that is transparent, harmonised and cost-effective. We are developing an educational tool through a serious game design and put forward a concept for soil blitzes which we will be piloting next year.

Looking ahead

After a successful launch of our Farming with Nature programme, we are looking to establish our work, enhance our scientific credibility in this space and grow our portfolio, especially in the UK.

We will focus on refining and scaling up Farming with Science and Agri business Innovation products, ensuring they are effective and efficient. We will validate the Soil Health tool through peer-reviewed publication and develop and pilot the knowledge course product. Additionally, we will conduct Farming with Nature Blitzes to gather richer datasets and actively seek funding opportunities to research and implement innovations, particularly through EU Horizon calls. To align with UK Government initiatives, we will expand our work within the UK market, incorporating the principles of Environmental Land Management (ELMs).

After a successful launch of our Farming with Nature programme, we will establish our work, enhance our scientific credibility in this space and grow our portfolio, especially in the UK. We will do this by:

• Engaging, organising and training groups of farmers in utilising one or more of our citizen science tools to monitor the health of their farms, such as through our partnership with the University of Greenwich in the UK and Brabantse Bodem in The Netherlands, and including the piloting of our knowledge course within the renewal of our collaboration with Wij.Land in The Netherlands.

• Conducting applied research on nature-friendly practices/interventions through our work with Pepsico (potato supply chain) and Tate & Lyle (stevia farming).

• Engaging local communities and stakeholders through Blitz events to increase awareness/understanding and help build the evidence.

• Improving our monitoring and evaluation of projects to ensure learnings are incorporated and we remain relevant and impactful.

In FY25, we will also launch the Agriculture Biodiversity Toolkit online with associated resources, including training and support, alongside the Soil Health and FreshWater Watch toolkits. Our citizen science tools for farmers have the potential to evidence the improvements to soil, water and biodiversity the Environmental Land Management schemes in the UK hope to generate, through monitoring baseline levels and post interventions. We will seek opportunities to support these efforts.

2023/24 in numbers

Farming with Nature

Globally active, countries in more than 13 projects 9 project 50+ partners Our Impact

100+ farms monitored

citizen 200+ scientists 30+ farms have improved their practices

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Cultivating Biodiversity in Partnership

The Agricultural Biodiversity Watch (AB Watch) pilot project in The Netherlands is demonstrating the tangible benefits of integrating biodiversity into farmland, offering promising insights for farmers seeking to enhance both their yields and the health of their land.

One of the more compelling findings is the contrast in pollinator activity between natural habitats and cultivated fields. The preliminary data shows that areas rich in natural vegetation support a higher density and diversity of pollinators compared to intensive crop land. This finding underscores the critical importance of integrating natural elements within farming landscapes to maintain essential pollinator populations, which are crucial for both crop yields and overall farm productivity.

Additionally, the monitoring of soil fauna and bird species further reinforces the benefits of biodiversity-rich areas. Areas that include natural habitats not only enjoy healthier soils, as indicated by the diversity of soil organisms, but also experience increased bird activity, including species that play a key role in natural pest control. While this is still a pilot phase and the 148 surveys conducted by 34 farmers cannot provide definitive scientific conclusions, the initial results are promising. An enhanced version of the toolkit is planned for 2025, with the hope of involving even more farmers in the next phase of this project.

Report and financial statements 2024

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Innovation

Earthwatch Europe's Innovation team is dedicated to advancing citizen science and its impact on research, policy, and conservation.

The team work on global projects, developing new tools and methods for citizen science, analysing data, and influencing policy decisions at the European level.

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Members of the Innovation team worked at the forefront of citizen science internationally. The team presented project results at the European Citizen Science Association conference in Vienna, the CitSciAfrica Association conference in Nairobi, the Australian Citizen Science Association in Brisbane, the Living Knowledge Conference in Girona, and the Trust in Autonomous Systems Symposium in Austin.

The ProBleu project funded water-related educational projects in schools in 26 countries. Luigi Ceccaroni, the Innovation lead, who coordinates ProBleu, visited some of these schools in Albania and Spain, and carried out missions to disseminate the ProBleu funding opportunity in Morocco, Tunisia, the Faroe Islands, and Armenia.

In 2024, the Innovation team grew from four to seven members, welcoming new researchers from diverse backgrounds who bring with them fresh perspectives to our work. This growth has enriched the team and fuelled significant progress on international projects:

1. Ruralities: This initiative empowers rural communities by providing resources that help them become agents of change within simplified rural socio-ecological systems. It also focuses on using knowledge and technology to benefit these communities.

2. CHEERS: This project aims to enhance the value of underused products and waste from the brewing industry, converting them into bio-products.

Overview of the year

In 2024, the Innovation team started three new long-term projects funded by the European Union’s Horizon Europe research programme:

• CROPS (Curating, replicating, orchestrating, and propagating citizen science across Europe), written and coordinated by Earthwatch, which supports upscaling citizen science activities and produced a podcast on Spotify.

The MICS tool, developed by the Innovation team to measure the impact of citizen science, continued to be recognised and shared at international conferences. MICS has been included in several Horizon Europe proposals prepared in 2024. The learnings from the MONOCLE project regarding interoperability, communication and dissemination continued to support new proposals.

3. Publications – This year, the Innovation team edited a special issue on “Citizen science and the resources nexus for sustainable development” in the journal Sustainability Nexus Forum and authored four publications.

Molina, E. B., Turo, M., Ceccaroni, L., Woods, S., Parkinson, S., Sprinks, J., Lessin, G., Simis, S. G. H., Flynn, K. J., Butkeviciene, E., Costa, P., Ribeiro, A., Cardoso, F., & Piera, J. (2024). New opportunities to promote blue schools: scholar grants, educational resources, and citizen science under the ProBleu project. EDULEARN24 Proceedings , 10224–10225.

Parkinson, S., Ceccaroni, L., Edelist, D., Robertson, E., Horincar, R., Laudy, C., Ganchev, T., Markova, V., Pearlman, J., Simpson, P., Venus, V., Muchada, P., Kazanjian, G., Bye, B. L., Oliveira, M., Paredes, H., Sprinks, J., Witter, A., Cruz, B., Das, K., & Woods, S. M. (2024). The Iliad digital twins of the ocean: opportunities for citizen science. ARPHA Proceedings , 6, 61–65.

Sprinks, J., Maccani, G., Fraisl, D., Leal, A. S., Gras-Velazquez, A., Liconti, A., Fritz, S., Azevedo, C., Ceccaroni, L., & Parkinson, S. (2024). CROPS: changing the scale of citizen science towards the transnational level. ARPHA Proceedings , 6, 101–105.

Nankanja, A., Ndyamuhaki, I., Ssemulondo, I., Wamema, Z., Ceccaroni, L., & Streichert, L. C. (2023). A One Health Social Science Approach to Water Security and Gender Equity in Rural Uganda. One Health Cases , 2023, ohcs20230026.

4. Iliad: This project, led by Stephen Parkinson at Earthwatch, is developing virtual representations of the sea, known as “digital twins.” These digital twins incorporate data from various sources, including Earth observations and citizen science.

Report and financial statements 2024 27

Looking ahead

In 2025, ProBleu will expand and support the Network of European Blue Schools by funding more projects to improve ocean and water literacy across school communities.

The Innovation team will focus the dissemination efforts in the following countries: Israel, Kosovo, Luxembourg, Malta, and Ukraine. CROPS will support the transition of citizen science from a small-scale to a Europe-wide level, moving it towards a modern, open-science approach. more4nature will continue to create a transformative change in conservation efforts regarding zero pollution, biodiversity protection and deforestation prevention by including citizens and communities as critical actors in collaborative environmental compliance assurance. CircleUp will encourage over 100 households to adopt ‘circulareconomy’ buying, using and disposing behaviours to reduce the amount of waste they produce. Ruralities will identify and nurture a community of facilitators who can lead and inspire within their respective fields. These facilitators will contribute significantly to initiatives such as the Ruralities Augmented Knowledge Alliance and the AfricanUnion—European-Union campaign ‘Rural Thrive 2050.’ This will be accomplished through the co-creation of a participatory, multi-actor design. CHEERS will offer five bioproducts for industrial applications, including disinfectant, microbial protein, ectoine and caproic acid. And Iliad will develop virtual representations of the sea that integrate data from multiple sources, including citizen science.

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----- Start of picture text -----
2023/24 in
numbers
Seven projects
ongoing with
180
partner
organisations.
Thirteen project
proposals submitted
to Horizon Europe,
strengthening
collaborations
with
partners.
40
peer-reviewed
» publications in
journals with
impact factor.
4
multi-million-pound
international
projects
2 coordinated
anus
successfully
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28 Conservation Education & Research Trust.

Our commitment to Equality, diversity and inclusion

Earthwatch Europe believes everyone has the potential to take action to protect the nature around them.

We work to connect all people with nature and give them the tools they need to fight for our planet. We use science to better understand the environmental challenges we all face, and to involve everyone in finding solutions to these issues, championing findings collected by people at the grassroots to bring about change from the local to national level.

We believe that all people, communities and organisations, no matter their background, identity, ability or circumstance, should have the opportunity to be part of the science, build knowledge, create connections and take action.

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.

EDI at Earthwatch

Earthwatch Europe is committed to the RACE Report and bringing about change in the environment sector. We are members of industry EDI networks, The Diverse Sustainability Initiative and the Wildlife & Countryside Link EDI Group, and contribute to increasing diversity within the sector.

We have an equal opportunities policy which addresses Earthwatch’s goals and responsibilities as an employer. We aim to provide equality and fairness for all in our employment or those applying for employment.

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

Key achievements in FY2024/25

Identify and remove any barriers to greater equality and inclusion within our recruitment processes and to staff retention

• Review all new job descriptions advising that we are aware that our requirement list may not acknowledge all relevant transferrable skills and encouraged applicants to apply even if they did not meet all essential criteria.

Continue to build and support a diverse Board of Trustees

In 2024 five new trustees were recruited with the help of Diversity Group and have added greater diversity of lived experience to our Board of Trustees. Our new recruits reflect our wish to work with more diverse audiences including younger people, those from less advantaged and underrepresented communities on environmental issues. Trustees also submitted data to the RACE Report.

Review equity within the organisation, starting with a gender equity plan

30 Conservation Education & Research Trust.

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

Green STEM Futures

In 2024, in partnership with STEM Learning, we worked with 45 young people, six educators and nine STEM Ambassadors as part of a pilot programme supporting four schools in Hackney and Tower Hamlets to raise understanding, aspiration and access to green STEM jobs in the future. Working with both urban primary and secondary schools with high pupil diversity in terms of social, economic and ethnic diversity and focusing on storytelling, youth voice and community connections, we supported young people to uncover how their interests and hobbies can develop into green STEM careers, educators to develop their knowledge and connected in STEM Ambassadors to share their own personal journeys.

Before meeting them, Harmonie, a secondary student from Our Lady’s, had informally shared that she is disillusioned with STEM because there are never any Black women in STEM. She said, “I’ve never seen a Black woman engineer. When I think of STEM, I think of inequality.” Upon checking in with her at the following event, she said, “It was really empowering to see Simone. I will be making a speech in an assembly about representation of Black women in STEM”.

Rethink - Seasons of Healing

Funds from Rethink Mental Illness enabled us to work with people with lived experience of loss and mental health difficulties, focusing on Tiny Forests and nature spaces in Hammersmith and Fulham. Increased levels of nature connection is proved to demonstrate the highest improvement rate for people with mental health difficulties. Earthwatch have the tools and the network of locations in urban spaces to create a significant difference in people’s lives. We ran an in-person workshop, bringing together experts by experience (people with experience of mental health difficulties and loss) to explore how nature connection in urban spaces can improve mental health. We came away from the workshop with ideas we wanted to pilot and explore at the network of Tiny Forests across Hammersmith and Fulham.

Oxford Health NHS Foundation Trust

Oxford Health NHS Foundation Trust is working to support local nature recovery strategies through the development of their biodiversity action plan. They launched their commitment to tree and native hedgerow planting by working together with Earthwatch to establish a Tiny Forest at the Littlemore Mental Health Centre and the Tiny Forest has played an important part in developing weekly nature sessions for service users from Oxford Clinic.

DeafBlind UK

Members of DeafBlind UK, along with their carers, joined the planting session at John Claire Recreation Ground in March this year. The carers signed with them about the plants, and members were able to hold the trees and feel the leaves. The charity HQ is in Peterborough, and we worked with them to find outdoor activities on their doorstep.

Our approach to ethical fundraising

Fundraising regulation

Earthwatch Europe is a member of the Fundraising Regulator. Alongside our high standards, we follow their codes of practice to ensure that our fundraising meets the highest standards, and supporters have the best possible experience.

Fundraising is carried out by our staff and third-party fundraisers who help us raise awareness of Earthwatch and encourage people to support the long-term financial sustainability of protecting the natural world.

To protect and maintain the high standards that we and the public expect, we ensure that professional fundraisers adhere to our policies and practices, with particular attention paid to vulnerable people.

All Earthwatch staff, as well as our fundraising partners, have received training on the implications of the General Data Protection Regulations (GDPR) which came into force in 2018. We also fully comply with all current regulations and guidelines.

Report and financial statements 2024 31

Financial Review

Summary

This year, we received a total income of £3.4 million (2023: £3.6 million) thanks to the generosity of our supporters.

Our total expenditure was £4.5 million (2023: £4.7 million), with the majority—£4.2 million (2023: £4.4 million)—directed toward our charitable activities and £0.3 million (2023: £0.3 million) spent on generating future income.

The planned use of reserves, alongside some exceptional one-off costs, resulted in a 30% reduction in our total funds (2023: 24%). These exceptional costs included surrendering our office at Mayfield House in Oxford, as part of a strategic shift to hybrid working. Since the pandemic, hybrid working has improved our employees’ work-life balance, expanded our ability to attract talent, and reduced ongoing costs by enabling us to downsize office space. At the end of this financial year, our total funds stand at £2.5 million (2023: £3.5 million), of which £0.6 million (2023: £0.6 million) is restricted to specific projects.

Over the past few years, we have deliberately used reserves built up in earlier periods to amplify our impact. This approach was part of our 2021 strategic plan to prioritise activities that connect people with nature and empower them to protect the environment. These efforts have reached more people than ever, equipping them with knowledge and tools to create meaningful change. For more details, see our strategic review on pages 9–23.

Looking ahead, we are confident in our financial plan to achieve balance in 2025. Our focus for the next five years will be on deepening our impact in urban areas, agricultural landscapes, and freshwater ecosystems. All this work will be supported by citizen science initiatives and public engagement, helping to advance sustainable practices both globally and locally.

At year-end, our free reserves total £0.9 million (2023: £1.9 million), is equivalent to four months (2023: six months) of budgeted expenditure. This remains within the range set by our trustees.

Our 2025 budget includes an approved deficit, utilising funds from a 2012 donation by the Sultan of Oman and restricted funds received in 2024 for our Nature in Cities programme. Our general reserves will remain unchanged.

32 Conservation Education & Research Trust.

Income

Source of income £000’s 2024
(£‘000)		 2023
(£‘000)		 % change
Corporate partnerships 638 1,578 (60)%
Trust, foundation and other grants 1,506 1,186 26%
Research grants 843 306 231%
Major donors and individual giving 192 197 -
Legacies 3 63 (95)%
Interest & investment income 164 71 57%
Other income - 47 (100)%
Total 3,398 3,448 1%

Historically, our income from corporate partners has included significant contributions from Shell, with whom we collaborated for over two decades. This partnership involved engaging Shell employees in environmental research and conservation projects, enhancing sustainability leadership skills, and advancing scientific research. However, this formal partnership concluded in 2023, with minimal activity continuing into 2024.

Direct, Canon, First Sentier, Irish Dog Foods, Funkin Cocktails, Fever Tree and Admiral Group, among others.

Research Grants, particularly Horizon Europe projects, remain 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.

As a result, corporate income experienced a noticeable decline in 2024. Despite this, we have secured strong support from both new and existing corporate partners, including partnerships with Hastings

Included in Trusts and Foundations is income from the Local Authority Treescapes Fund (LATF). LATF funding continues to play a pivotal role in delivering our Nature in Cities programme. This government-backed initiative, administered by the Forestry Commission, aims to restore trees outside of woodlands, particularly in urban and peri-urban settings. The LATF focuses on areas where tree planting can bring the greatest benefits to people, biodiversity, and climate resilience, such as parks, streets, schools, and other community spaces.

Many of our Tiny Forests are part-funded through this programme. Our work under the LATF is delivered in partnership with local council offices, who play a key role in identifying planting sites and coordinating community involvement. This funding is further bolstered by match contributions from trusts, foundations, and corporate partners, ensuring that our projects are both sustainable and impactful.

Earthwatch has maintained a steady income from individual supporters. These contributions come through oneoff and recurring donations, as well as fundraising efforts such as sponsorship for marathons and other events. Our Seed Investor group, consisting of major donors, continues to provide invaluable support, and we are deeply grateful for their generosity and commitment to our mission.

Expenditure

Type of expenditure 2024
(£‘000)		 2023
(£‘000)		 % change
Cost of raising funds 347 309 12%
Nature in Cities 2,438 2,773 (12)%
Farming with Nature 465 380 22%
Fresh Water 791 681 16%
Innovation 503 432 16%
Total 4,545 4,574 -

Total expenditure decreased slightly in 2024.

Expenditure is classified into four 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 financial statements below.

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

Report and financial statements 2024 33

Reserves

General Reserves

The Trustees continue to maintain a risk-based policy of holding between three and six months’ cover for operating costs in the following financial year. At 30 September 2024 General Funds for the charity stood at £0.9m (2023 £1.9m), representing 4 months (2023: 6 months’) operating costs.

In 2024, we implemented a range of cost-cutting measures to set a course for achieving a net break-even position after transfers by 2026. These measures included strategic resource planning, which led to the difficult decision to make thirteen redundancies. We also downsized our office space to align with our hybrid working model and discontinued projects that were no longer cost-effective or delivering the desired impact.

In the Group accounts, an additional fund is reported, representing the net current assets held in Hong Kong, totalling £3k (2023: £50k). These funds were designated to support the Earthwatch Hong Kong Awards, a programme aimed at earlycareer researchers (registered postgraduate students) who are passionate about sharing their environmental knowledge with the wider Hong Kong public.

The programme focused on projects that deliver value to communities, invest in the next generation, and enhance environmental awareness. As this initiative nears its conclusion, we plan to make Earthwatch Institute dormant during 2025. Any remaining funds will be awarded to organisations with similar charitable objectives, in accordance with our articles of association.

Designated funds

The designated fund balance for the charity comprises the unrestricted funds held as fixed assets, eg. equipment of £27k (2023: £62k).

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 2024, they stand at £0.6m (2023: £0.6m).

These restricted funds originate from a mix of funders and are scheduled for expenditure on research and other activities in 2025 and future years.

Endowment funds

The endowment fund originates from a generous gift by the Sultan of Oman in 2012. In 2024, we conducted two visits to Oman to design a programme aimed at supporting both current and future generations of conservation practitioners, researchers, and policymakers in the region.

This initiative will deliver expert guidance, practical training, peer learning, and ongoing support through our pioneering and internationally recognised Science Camps. With the agreement of the Sultan’s Office, we will now utilize the endowment fund to support this transformative three-year project.

Investment strategy

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

Investments of £1.6m (2023: £2.3m) are held in Sarasin’s Climate Active Fund:

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Composite
Investment term Market value Total return
benchmark
Medium-term 18m – 5yrs 0.4m 4.5% 4.9%
Long-term 5yrs + 1.2m 9.3% 10.2%
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34

Conservation Education & Research Trust.

During 2024 we withdrew £0.9m from long-term investments to fund operational development. In doing so, we realised a gain on the sale of assets of £104k.

Remaining investments experienced a small recovery in market value of £120k 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 costof-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 a caseby-case assessment of the vulnerability of each company to climate change and whether it will be able to develop a climateaware strategy that will deliver attractive long-term returns for shareholders. This is a very similar approach to the one that Earthwatch takes with its own corporate partnerships, and we are therefore pleased to be able to invest in such a fund with Sarasin.

Both the Finance Committee and the Board review the performance of the funds on a quarterly basis and meet regularly with Sarasin & Partners to discuss performance and investment.

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 agreed the following priorities for our Sustainability Plans:

IMPACT: Measurement of carbon

Our goal is to: Get us to a position where this is measured and reported routinely. To give staff and management insights into where we can reduce our carbon impact.

2025 priority: Lead an assessment of what we need to measure; and how we can integrate measurement into our everyday work without creating too much more work by June 2025.

IMPACT: Travel

Our goal is to: Strengthen our travel/ transport policy to further reduce pollution, with a major focus on CO2.

Progress: We launched a revised travel policy during 2024 outlining the importance of sustainable travel. We restrict travel by air unless no other transport is available or where travel by other means may have a detrimental effect on a person’s wellbeing.

We also introduced sustainable travel days through the Climate Perks accreditation. The policy allows paid travel time where employees elect to travel for their annual holidays via land or sea rather than via air.

2025 priority: We will review options for electric-only hire vehicles.

IMPACT: Food

Our goal is to: Strengthen our food / expenses policy to reduce pollution with a major focus on CO2.

Progress: We revised our policy to include that when catering at an event and we are paying, we should only provide vegetarian and vegan food.

2025 priority: Review whether we can go a step further on vegan food and using suppliers who use less packaging.

IMPACT: Kit

Our goal is to: Develop clearer guidelines for purchasing of equipment, from laptops, to programme delivery kit, to stationery.

2025 priority: Review our procurement policy and find ways to reduce our carbon footprint via economies of scale and better buying.

IMPACT : Finance

Our goal is to: Subject to Board approval, to review our banking arrangements from a sustainability perspective.

Progress: Conducted research of ethical banks in the UK that can offer multi-currency accounts.

2025 priority: Switch banks by 2026.

IMPACT: Electricity

Our goal is to: Ensure that once we are able to move office we can switch to a green supplier.

Progress: We moved to a shared office space and have no control over the electricity provider. The current providers are Positive Energy and YU Gas.

2025 Goal: We will encourage a more sustainable energy source where possible.

Report and financial statements 2024 35

Governance

Other working names: Earthwatch Institute (Europe), Earthwatch (Europe), Earthwatch Institute Company number: 4373313 Charity number: 1094467

Registered office and operational address: 102 – 104 St Aldates, Oxford, OX1 1BT

Country of registration: England & Wales

Country of incorporation: United Kingdom

Licence: Conservation Education and Research Trust operates under the trading name Earthwatch Europe. The use of the Earthwatch trademark is granted by Earthwatch Institute Inc., 300 Washington St., Ste. 713, Newton, MA 02458, under a perpetual licence agreement.

Trustees

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

Kian Bakhtiari

Manu Maunganidtze

Nina Bhola

Emily Murrell (appointed Vice Chair 6th September 2024)

Dorothee D’Herde (retired 6th September 2024)

Ozlem Robinson

Ed Green

Sonia Shah

Lucian Hudson (Chair)

Cristian Parrino (retired 6th September 2024)

Jos Huijbregts (Treasurer)

Geoffrey Lane (retired 6th September 2024)

Adam Powell

Ben Wilson (appointed Vice Chair 6th September 2024)

Dax Lovegrove (retired 6th September 2024) Jack Matthews

Wen Yu Weng

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.

Committees, attendance and remuneration

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

Finance committee

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.

Nominations committee

This committee exercises general oversight concerning matters pertaining to the structure, composition and effectiveness of the Board and its Committees. In 2024 the nominations started the process of recruiting a Chief Executive Officer.

Ad-hoc working groups

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. There were no requirements needed in 2023/24.

36 Conservation Education & Research Trust.

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.

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

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.

Mitigation:

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.

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.

Mitigation:

Financial viability and business continuity

The key risks, The ongoing challenge of securing sustainable funding, as government funding constraints and broader fundraising difficulties within the charity sector impact income streams.

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.

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:

Report and financial statements 2024 37

Policies

Remuneration policy

Our approach to remuneration is designed to ensure we can attract and retain the talented and motivated people we need to achieve our mission and deliver our strategic goals. It is applied consistently across the organisation, both in terms of how we set salaries and the benefits we offer our employees.

Pay is reviewed annually by the Executive Team, 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.

Statement of going concern

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.

The trustees have considered the impact of unforeseen risk 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.

Key management personnel

Professional Advisors

Auditor:

Steven Andrews

Chief Executive Officer

(resigned 17 December 2024)

Harry Barton

Chief Executive Officer

(appointed 6 January 2025)

Philanthropy Director

Neil Bailey

Programmes & Partnerships Director

Maria Pontes

Sasha Woods

Science, Policy and Innovation Director Director of Finance and Operations

(appointed 26 February 2024)

Joanne Woolley

Earthwatch went through a difficult restructure during the year and as a result both Josh Kubale (Director of Communications) and John WardZinski (Business Development Director) were offered and took alternative roles within Earthwatch outside of the Executive Team.

The total aggregated salary cost of management personnel in 2023 was £519k (2023: £519k).

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

Bankers:

Barclays Bank plc 54 Cornmarket St, Oxford OX1 3HB

Nationwide plc 44 Queen St, Oxford OX1 1ET

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

Solicitors:

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

Stone King LLP Boundary House, 91 Charterhouse St, Barbican, London EC1M 6HR

38

Conservation Education & Research Trust.

Connected charities

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

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

Earthwatch Australia - Suite G-06, 60L Green Building 60 Leicester Street, Carlton, VIC 3053, Australia Tel + 61 (0) 3-9016-7590

Earthwatch Expeditions - 300 Washington St., Suite 713, Newton, MA 02458, United States Tel: 1+ (800) 776-0188

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

Earthwatch India - 314, 3rd Floor, DLF Qutab Plaza, DLF Phase-1, Gurgaon-122002 India Tel: +91 124 4088958

Statement of Trustees’ responsibilities

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

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

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

In so far as the Trustees are aware:

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

This Report, which includes the strategic report, was approved by the Trustees on 14 March 2024 and signed on their behalf by:

Lucian J Hudson Chair

Report and financial statements 2024 39

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

40 Conservation Education & Research Trust.Earthwatch Europe

Opinion

We have audited the financial statements of Conservation Education & Research Trust (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 30 September 2024 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other Information

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

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

Report and financial statements 2024 41

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

Matters on which we are required to report by exception

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

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

Responsibilities of trustees

internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

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

Capability of the audit in detecting irregularities

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

statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report

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

Jonathan Orchard (Senior statutory auditor)

12 May 2025

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

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

Consolidated statement of financial activities

Incorporating an income and expenditure account

For the year ended 30 September 2024

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Fresh Water
Nature in Cities
Farming with Nature
Innovation
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
losses on foreign exchange translation
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Endowment
2024 Total
£
£
£
£
149,569
45,686
-
195,255
611,711
2,427,202
-
3,038,913
164,296
-
-
164,296
925,576
2,471,888
-
3,398,464
346,948
-
-
346,948
441,400
349,686
-
791,086
1,081,423
1,325,477
31,181
2,436,081
137,156
328,225
-
465,381
28,686
474,313
-
502,999
2,035,612
2,477,701
31,181
4,544,494
(1,110,036)
(4,813)
(31,181)
(1,146,030)
119,761
-
-
119,761
(990,275)
(4,813)
(31,181)
(1,026,269)
26,000
-
(26,000)
-
(12,010)
-
-
(12,010)
(976,285)
(30,813)
(31,181)
(1,038,279)
1,913,949
616,293
1,000,000
3,530,242
937,664
585,480
968,819
2,491,963

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.

44

Conservation Education & Research Trust.

Balance Sheet

As at 30 September 2024

Company number 4373313

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
2024
2023
2024
2023
£
£
£
£
26,744
61,505
26,744
61,505
1,660,701
2,278,570
1,660,701
2,278,570
1,687,445
2,340.075
1,687,445
2,340.075
864,766
760,406
878,097
759,789
411,404
802,072
403,926
787,402
1,276,170
1,562,478
1,282,023
1,547,191
(471,651)
(372,311)
(481,287)
(406,859)
804,518
1,190,167
800,736
1,140,332
2,491,963
3,530,242
2,488,181
3,480,407
2,491,963
3,530,242
2,488,181
3,480,407
968,819
1,000,000
968,819
1,000,000
585,480
616,293
585,480
616,293
26,744
61,505
26,744
61,505
907,138
1,802,609
907,138
1,802,609
3,782
49,835
-
-
937,664
1,913,949
933,882
1,864,114
2,491,963
3,530,242
2,488,181
3,480,407

Approved by the Trustees on 14 March 2025 and signed on their behalf by

==> picture [104 x 8] intentionally omitted <==

Lucian J. Hudson Chair

Report and financial statements 2024 45

Consolidated cash flow statement

As at 30 September 2024

Cash flows from operating activities
Net expenditure for the reporting period
(as per the statement of financial activities)
Depreciation charges
Loss on sale of fixed assets
Purchase of fixed assets
Dividends, interest and rent from investments
Gains on investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
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		 2024
£
(1,038,279)
31,244
5,181
(1,664)
(164,296)
(119,761)
(104,360)
99,340		 2024
£
(1,292,594)		 2023
£
(1,096,475)
27,875
-
(15,859)
(71,126)
(40,504)
602,544
(247,925)		 2023
£
(841,470)
164,296
66,271
782,889
(111,530)		 71,126
(66,748)
-
-
901,926 4,378
(390,668)
802,072		 (837,092)
1,639,164
411,404 802,072

46 Conservation Education & Research Trust.

Notes to the financial statements

As at 30 September 2024

1 Accounting policies

a) Statutory information

The registered office address is 102-104 St Aldates, Oxford, OX21BT.

b) Basis of preparation

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

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

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

The charitable company also operates a branch in the Netherlands. The branch is part of the UK company, and therefore there is no requirement to prepare fully separate accounts. The branch's financial activities are consolidated into the UK company’s accounts.

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.

Report and financial statements 2024 47

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

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

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

48 Conservation Education & Research Trust.

Notes to the financial statements (continued)

i) Grants payable

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

j) Allocation of support costs

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

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

Fresh Water £234,145
Nature in Cities £672,523
Farmingwith Nature £133,161
Innovation £171,360

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

k) Operating leases

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

Report and financial statements 2024 49

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.

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

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

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

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

50 Conservation Education & Research Trust.

Notes to the financial statements (continued)

p) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting fro a past event that will probably result in the transfer of funds to a third party and the amount due settle the obligation can be measured or estimated reliably. Creditors and provisions are norma recognised at their settlement amount after allowing for any trade discounts due.

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.

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 (2023: £1,200)

Report and financial statements 2024 51

2 Income from donations and legacies

2
Income from donations and legacies
Donations Unrestricted
Restricted
2024
Total
£
£
£
149,569
45,686
195,255
149,569
45,686
195,255		 2023
Total
£
204,736
204,736

3 Income from charitable activities

Corporate income
Other grants and donations
Total		 2024
Unrestricted
Restricted
Total
£
£
£
167,878
470,536
638,414
443,833
1,956,666
2,400,499
611,711
2,427,202
3,038,913		 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

52 Conservation Education & Research Trust.

2024 Total £ 2,672,669 187,128 878,887 64,396 15,900 2,163 468,888 131,387 123,076 4,544,494 - - 4,544,494
Support costs £ 509,419 - - - - - 462,994 131,387 38,076 1,141,876 (1,141,876) - -
Governance costs £ 51,249 - - - 15,900 2,163 - - - 69,312 - (69,312) -
Innovation £ 261,272 32,303 65,367 110 - - - - 4,890 331,639 161,553 9,806 502,999
Charitable activities Nature in
Farming with		 Cities
Nature		 £
£		 1,025,395
203,030		 104,813
104,012		 607,316
83,460		 3,811
-		 -
-		 -
-		 5,894
-		 -
-		 19,130
13,427		 1,765,558
332,220		 634,037
125,540		 38,486
7,620		 2,438,081
465,381
Cost of
Fresh		 raising
Water		 funds £
£		 Staff costs
265,303
357,001		 Research and field costs
-
50,813		 Engagement costs
-
122,744		 Development and
fundraising
60,346
129		 Audit
-
-		 Trustee costs
-
-		 Office costs
-
-		 Finance & HR costs
-
-		 Other costs
21,299
26,254		 Total expenditure 2024
346,948
556,941		 Support costs
-
220,746		 Governance costs
-
13,399		 Total expenditure 2024
346,948
791,086

Report and financial statements 2024 53

Charitable activities
Cost of
raising
funds
Soil &
Water
Tiny
Forest
Corporate
Learning
Next
Generation
Innovation
Naturehood
Other
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
256,405
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
497
-
-
55,220
52,601
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
119,968
66,105
1,091,677
4,573,926
309,006
Support costs
-
265,211
378,000
151,572
96,272
145,164
55,458
-
(1,091,677)
-
-
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
-
-
4,573,926
309,006		 Charitable activities
Cost of
raising
funds
Soil &
Water
Tiny
Forest
Corporate
Learning
Next
Generation
Innovation
Naturehood
Other
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
256,405
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
497
-
-
55,220
52,601
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
119,968
66,105
1,091,677
4,573,926
309,006
Support costs
-
265,211
378,000
151,572
96,272
145,164
55,458
-
(1,091,677)
-
-
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
-
-
4,573,926
309,006		 309,006
-
-		 309,006
4,573,926
-
-		 4,573,926
1,091,677
(1,091,677)
-		 -
Other
£
48,136
-
-
-
16,694
1,275
-
-
-		 66,105
-
(66,105)		 -
Naturehood
£
89,876
3,050
25,585
497
-
-
-
-
960		 119,968
55,458
3,356		 178,782
Innovation
£
235,256
-
38,022
259
-
-
-
-
4,176		 277,713
145,164
8,792		 431,669
Next
Generation
£
156,021
26,000
67,593
419
-
-
-
-
2,697		 252,730
96,272
5,829		 354,831
Corporate
Learning
£
245,640
-
263,743
155
-
-
-
-
2,131		 511,669
151,572
9,179		 672,420
Tiny
Forest
£
612,594
24,209
519,256
222
-
-
-
-
9,939		 1,166,220
378,000
22,889		 1,567,109
Soil &
Water
£
429,807
103,723
219,047
1,067
-
-
-
-
25,194		 778,838
265,211
16,060		 1,060,109

54 Conservation Education & Research Trust.

Notes to the financial statements (continued)

5 Net income for the year

This is stated after charging / (crediting):

Depreciation on tangible fixed assets
Loss on the sale of assets
Operating lease rentals:
Property
Auditor's remuneration (excluding VAT):
Audit
Under/(over) accrual from prior year
Foreign exchange (gains) or losses		 2024
2023
Total
Total
£
£
31,244
27,875
5,180
-
185,343
115,200
15,900
14,850
-
2,040
(12,010)
(10,586)

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

Staff costs were as follows:

Salaries and wages
Redundancy and termination costs
Social security costs
Employer’s contribution to defined contribution pension schemes		 2024
Total
£
2,271,363
42,731
257,588
100,987
2,672,669		 2023
Total
£
2,289,335
7,607
251,263
102,285
2,650,490

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:

2024 2023
No No
£80,000 - £89,999 1 1
£60,000 - £69,999 4 4

The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel were £508,166 (2023: £519,153).

The charity Trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity Trustee received payment for professional or other services supplied to the charity (2023: £nil).

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £2,163 (2023: £1,275) incurred by 13 (2023:3) members relating to attendance at meetings of the Trustees.

Report and financial statements 2024 55

7 Staff numbers

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

2024 2023
No No
63 66

The actual number of employees at 30 September is 51 (2023: 66); the full-time equivalent is 48.2 (2023: 59.7), 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 (2023: £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

10
Fixed assets
The group & charity
Leasehold Furniture and Computer Software Total
improvements equipment equipment
£ £ £ £ £
Cost
At the start of the year 60,503 55,750 52,917 71,546 240,716
Additions in year - - 1,664 - 1,664
Disposals in year (60,503) (55,750) (46,584) - (162,837)
At the end of the year - - 7,997 71,546 79,543
Depreciation
At the start of the year 49,294 55,211 49,067 25,639 179,211
Charge for the year 6,050 517 2,676 22,001 31,244
Disposals in year (55,344) (55,728) (46,584) - (157,657)
At the end of the year - - 5,159 47,640 52,799
Net book value - - 2,838 23,906 26,744
at the end of the year
At the start of the year 11,209 539 3,850 45,907 61,505
All of the above assets are used for charitable purposes.

56 Conservation Education & Research Trust.

Notes to the financial statements (continued)

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
Movement in cash held by investment managers
Fair value at the end of the year
Investments comprise:
UK Common investment funds
Amounts held as cash		 2024
Total
£
2,278,570
111,530
(782,889)
119,761
1,726,972
(66,271)
1,660,701
£
1,660,212
489
1,660,701		 2023
Total
£
2,171,318
-
-
40,504
2,211,822
66,748
2,278,570
£
2,211,822
66,748
2,278,570

Report and financial statements 2024 57

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 in the statement of financial activities, based on the audited financial statements as at 30 September which are prepared in Hong Kong dollars (HK$). The results have been converted at the year-end exchange rate of 9.56 HK$ per £ (2023: 10.47 HK$ per £).

The Trustees are, Joanne Woolley, Steven Andrews and Gitte Venicx.

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

Income and expenditure
Outgoing charitable resources
(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		 2024
Total
£
(46,053)
(46,053)
49,835
3,782
6,459
(2,677)
3,782		 2023
Total
£
(53,785)
(53,785)
103,620
49,835
53,826
(3,991)
49,835

13 Parent charity

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

2024 2023
Total Total
£ £
Gross income 3,398,464 3,622,929
Result for the year (987,143) (1,042,690)

58 Conservation Education & Research Trust.

Notes to the financial statements (continued)

14 Debtors

14
Debtors
Trade debtors
Amounts owed from subsidiaries
Accrued income
Prepayments and other income		 The group
2024
2023
Total
Total
£
£
258,402
285,310
-
-
522,645
348,059
83,719
127,037
864,766
760,406		 The charity
2024
2023
Total
Total
£
£
257,839
285,309
13,894
-
522,645
348,059
83,719
126,421
878,097
759,789
759,789

15 Creditors

15
Creditors
Trade creditors
Taxation and social security
Amounts owed to subsidiary undertakings
Accruals and other creditors
Deferred income (note 1)		 The group
2024
2023
Total
Total
£
£
58,886
127,858
53,507
52,614
-
-
124,628
162,717
234,631
29,122
471,651
372,311		 The charity
2024
2023
Total
Total
£
£
58,539
127,858
53,507
52,614
9,983
38,539
124,628
158,726
234,631
29,122
481,287
406,859
406,859

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
2024
2023
Total
Total
£
£
29,122
287,312
(29,122)
(287,312)
234,631
29,122
234,631
29,122		 The charity
2024
2023
Total
Total
£
£
29,122
287,312
(29,122)
(287,312)
234,631
29,122
234,631
29,122		 The charity
2024
2023
Total
Total
£
£
29,122
287,312
(29,122)
(287,312)
234,631
29,122
234,631
29,122
29,122

Report and financial statements 2024 59

Notes to the financial statements (continued)

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
£
£
£
£
£
-
26,744
-
-
26,744
691,882
-
968,819
-
1,660,701
219,038
-
-
585,480
804,518
910,920
26,744
968,819
585,480
2,491,963

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
£
£
£
£
£
-
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

18a Movements in funds (current year)

At 1 October
2023
Income &
gains
Expenditure
& losses
Transfers
At 30
September
2024
£
£
£
£
£
1,000,000
-
(31,181)
-
968,819
1,000,000
-
(31,181)
-
968,819
68,716
377,657
(349,686)
49,925
146,612
503,086
1,143,714
(1,325,477)
(75,925)
245,398
41,993
321,366
(328,225)
-
35,134
2,498
630,151
(474,313)
-
158,336
616,293
2,472,888
(2,477,701)
(26,000)
585,480
61,505
-
(36,425)
1,664
26,744

60 Conservation Education & Research Trust.

18a Movements in funds (current year continued)

Unrestricted funds:
General funds
Non-charitable trading funds
Total unrestricted funds
Total funds		 At 1 October
2023
Income &
gains
Expenditure
& losses
Transfers
At 30
September
2024
£
£
£
£
£
1,802,609
1,045,337
(1,965,144)
24,336
907,138
49,835
-
(46,053)
-
3,782
1,913,949
1,045,337
(2,047,622)
26,000
937,664
3,530,242
3,518,225
(4,556,504)
-
2,491,963

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
Total restricted funds
Unrestricted funds:
Designated funds:
Capital fund
Total designated funds
General funds
Non-charitable trading funds
Total unrestricted funds
Total funds		 At 1 October
2022
Income &
gains
Expenditure
& losses
Transfers
At 30
September
2023
£
£
£
£
£
1,039,788
-
(5,624)
(34,164)
1,000,000
1,039,788
-
(6,624)
(34,164)
1,00,000
202,433
436,253
(527,981)
-
110,705
268,308
524,226
(599,136)
-
193,398
406,138
409,902
(628,038)
281
188,283
75,950
190,882
(187,284)
-
79,548
123,812
203,010
(324,324)
-
2,498
38,255
101,111
(97,505)
-
41,861
1,114,896
1,865,384
(2,364,268)
281
616,293
73,521
-
(27,875)
15,859
61,505
73,521
-
(27,875)
15,859
61,505
2,294,892
1,622,653
(2,132,960)
18,014
1,802,609
103,620
-
(53,785)
-
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

Report and financial statements 2024 61

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. £31,181 of the funds have been utilised this year on creating a funding programme alongside the Omani Authorities to provide support for the current and next generation of conservationist practitioners, researchers and policy makers in Oman through expert guidance and content, practical training, peer learning and support through our pioneering and recognised Science Camps.

Purposes of restricted funds

Restricted funds comprise grants and donations received for specific purposes, to be applied to project-related costs in line with funder agreements.

During the year, £49,925 was transferred from the Nature in Cities programme to the FreshWater Programme. This transfer repurposed funds previously provided by a corporate partner, with the funder’s agreement, to support the FreshWater Watch (FWW) project in Africa.

A total of £26,000 was transferred to three Nature in Cities projects. Although these funds were earmarked for specific projects by Earthwatch, they were received as unrestricted income, which is why they are reflected within general funds.

An amount of £1,664 was transferred from general funds to designated funds, representing the value of acquired fixed assets.

United Nations Environment Programme – Citizen Science for GEMS/Water and SDG 6.3.2

Included in the water programme was restricted income of £110,770 (2023: £38,367), and total expenditure amounting to £115,459 (2023: £34,760). The project commenced the year with an opening balance of £4,689 on 1 October 2023. There was no balance remaining at the end of the financial year, as all funds were fully utilized.

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 are as follows for each of the following periods:

Less than one year
One to five years		 Property
2024
2023
Total
Total
£
£
13,500
96,000
-
96,000
13,500
192,000

20 Legal status of the charity

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

62

Conservation Education & Research Trust.

Notes to the financial statements (continued)

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
4
11
5
19
Total expenditure
Net expenditure before net losses on
investments
Net gains on investments
Net expenditure for the year
Transfers between funds
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
2023Total
£
£
£
£
204,736
-
-
204,736
1,306,287
3,171,671
71,126
-
-
71,126
1,865,384
-
1,582,149
- 3,447,533
1,865,384
309,006
-
-
309,006
1,060,109
1,567,109
672,420
354,831
431,669
178,782
527,981
599,136
628,039
187,283
324,324
97,505
532,128
967,973
44,381
161,924
107,345
81,277
-
-
-
5,624
-
-
2,204,034
4,573,926
2,364,268
5,624
(621,885)
(5,624)(1,126,393)
40,504
-
40,504
(498,884)
-
(581,381)
(1,085,889)
33,883
-
(498,884)
(5,624)
281
(34,164)
(547,498)
(1,085,889)
(10,586)
-
-
(10,586)
(498,603)
**(39,788) **
(558,084)

(1,096,475)
2,472,033
1,114,896
1,039,788 4,626,717
(498,603)
**(39,788) **
1,913,949
616,293
1,000,000 3,530,242

Report and financial statements 2024 63

Thank you to our supporters

Trusts, Foundations and Government

Grants

The Banister Charitable Trust

The Beatrice Laing Trust British Omani Society Climate Action Fund- National Lottery Cobb Charity Coop Local Community Fund Doris Field Charitable Trust Edward Hoare Charitable Fund Forestry Commission - Local Authority Treescapes Fund Frozen Foundation Garfield Weston Foundation Heart of Bucks Community Foundation Jersey Overseas Aid The Kusuma Trust The Linder Foundation M J Camp Foundation Mr and Mrs J A Pye’s Charitable Settlement National Lottery Community Fund Network for Social Change The Oakdale Trust Plan International Provincie Noord-Brabant (Province Noord-Brabant) Rethink Mental Illness RIVM The Tomoro Foundation The WFH Foundation Waterschap de Dommel Waterschap Rijnland Welsh Government

Corporate Partners

Admiral BlackRock Cariparma Change X Fairhive FeverTree The First Sentier Foundation Funding Circle

Funkin Cocktails

Hastings Direct The Inflexion Foundation Irish Dog Foods Isobaa Kier Microsoft Pepsico Stephen Einhorn Tate & Lyle United Utilities VolkerWessels

Supporters and Seed Investors Alexander Paraskeva

Canon Dr Charlotte Bannister-Parker Connor Smith Dean Bradshaw Edward Hoare Eleos Compliance Ganzorig Ulaankhuu Geoff Lane Ian West Isky Gordon Judith and George Mason Lisa and Tony King (The King Award for Innovation) Neville Shulman CBE Nigel and Shane Winser Paul Baker Penelope Gowler Peter Saffrey Phil Clarke (Consciam Limited) Price & Myers Richard Webb Rima Chai Shaan Boolell Shamita Ray Shona Goulds (Emerald Pensions Consulting Ltd.). Sir Crispin Tickell Yvette Pinder

Landowners and Local Authorities

Ashby de la Zouch Town Council

Barnsley Metropolitan Borough Council Biggleswade Town Council Birmingham City Council Blackpool Council Bradford Council Bristol City Council Buckinghamshire Council Cambridge City Council Cambridgeshire County Council Central Bedfordshire Council Charnwood Borough Council Cheshire East Borough Council Chippenham Town Council City of Wolverhampton Council Countryside Partnerships Cranfield University Darlington Borough Council Derby City Council Doncaster Council Dudley Metropolitan Borough Council Eastleigh Borough Council Flitwick Town Council Frome Town Council Glasgow City Council Hinckley & Bosworth Borough Council Isle of Anglesey County Council Kirklees Council Lancing Parish Council Leicester City Council Lichfield District Council Littlemore Mental Health Centre London Borough of Barnet London Borough of Bromley London Borough of Ealing London Borough of Enfield London Borough of Hammersmith and Fulham London Borough of Haringey London Borough of Lewisham London Borough of Redbridge London Borough of Southwark Newcastle City Council North East Community Forest North Northamptonshire Council North Warwickshire Borough Council

64

Conservation Education & Research Trust.

North West Leicestershire District Council Northern Ireland Housing Executive Nottingham City Council Oxford City Council Peabody Peterborough City Council Solihull Metropolitan Borough Council South Staffordshire Council South Swindon Parish Council Stafford Borough Council Thames Water The City of Edinburgh Council The Council of the City & County of Swansea The Guinness Partnership Tolka River Project University of Glasgow Wakefield Council Walsall Council West Berkshire Community Hospital Wirral Council Witney Town Council

Scientific Partners and Universities

All members of the Miyawaki Research Network Association for Advancing Participatory Sciences Australian Citizen Science Association CETRI Cranfield University CSIC (Consejo Superior de Investigaciones Científicas) and all ProBleu partners Derby University Emissions Analytics Essex University European Citizen Science Association European Commission - Horizon 2020 and Horizon Europe Harper Adams University HAS green academy IHE Delft and all More4Nature partners Imperial College London - School Public Health, Environmental Research Group INOVA+ and all CROPS partners The Lisbon Council Mahou and all CHEERS partners NERC Netcompany Intrasoft and all Iliad partners Office International de l’Eau and all NATALIE partners

PEDAL Consulting and all RURALITIES partners Riga Technical University and all CircleUp partners Romea Strata UKRI University of Greenwich University of Leicester University of Nottingham University of Oxford University of Sheffield University of Southern Denmark University of Warwick Wageningen University and all BENCHMARKS partners Yuverta LLO

Partners

BoerenNatuur Brabant West

British Rowing CAPE Alliance Diwan of the Royal Court - Oman Environment Authority - Oman Environment Society of Oman Field Studies Council Forest Education Network England Games for Change GoodGym Greening Education Partnership HAS Green Academy Hill End Outdoor Education Centre Hoogheemraadschap De Stichtse Rijnlanden IVN LEGO London East Teacher Training Alliance Maasarend Natural History Museum Naturalis NatureScot Oman Botanic Gardens Outward Bound Oman River Action Rivers Trust RIVM Royal Academy of Management STEM Learning Sultan Qaboos University University of East London WI (National Federation of Women’s Institutes) WijLand WWQA Yuverta

Community

supporters

Beautiful Barton

Buurttuin Bietje bij Bietje (Den Bosch) Evenlode Catchment Partnership Natuurwerkgroep Gestel (SintMichielsgestel) Oxford Clean Rivers Initiative members Oxford Hub Sandhills Naturehood

The communities, churches, schools and community centres in Barton, Risinghurst, Sandhills, Rose Hill and Wood Farm Warwick Warriors - Rose Hill Wild About Risinghurst

A big thank you to all the communities and groups close to our 250+ Tiny Forests who contribute so much - from planting to weeding to discover days. All our amazing Tree Keepers - we tipped over the 700 mark this year! A big thank you to all the community groups (150+) who collect Freshwater Watch data around the globe and use it to advocate for freshwater health.

Trustees

Adam Powell

Ben Wilson (appointed Vice Chair 6th September 2024) Cristian Parrino (retired 6th September 2024) Dax Lovegrove (retired 6th September 2024) Dorothee D’Herde (retired 6th September 2024) Ed Green Emily Murrell (appointed Vice Chair 6th September 2024) Geoffrey Lane (retired 6th September 2024)

Jack Matthews Jos Huijbregts (Treasurer) Kian Bakhtiari Lucian Hudson (Chair) Manu Maunganidtze Nina Bhola Ozlem Robinson Sonia Shah Wen Yu Weng

Report and financial statements 2024 65

==> picture [131 x 36] intentionally omitted <==

Earthwatch Europe

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