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Contents
Chair’s Introduction What we achieved this year ITF’s Centenary Celebration
Financial Review
Structure, Governance and Management
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3 Independent Examiner’s Report 4 Statement of Financial Activities 6 Balance Sheet
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8 Statement of Cash Flows
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12 Notes to the accounts
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About ITF
Governing document: Memorandum & Articles of Association
Registered office : The Old Music Hall, 106—108 Cowley Road, Oxford, OX4 1JE
Patron : HRH The Prince of Wales
Board of Trustees : Mr T Hornsby CBE (resigned 18.6.2020), Ms M Grecna, Mr J Kimani, Ms M McBrien, Prof K Schreckenberg, Ms M Reru, Ms L Rainbow (app. 9.7.2020), Ms R Wanyoike (app. 9.7.2020), Ms C MacQueen (app. 9.7.2020), Dr Stephen Vickers (co-opted. 14.8.2020)
Bankers : CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Independent examiner : Graham Cole FCA, Wenn Townsend, 30 St. Giles, Oxford, OX1 3LE
Charity Number : 1106269
Company Number: 5219549
2
International Tree Foundation Annual Report 2020 - Chair’s Introduction
An introduction from our Chair, Dr Stephen Vickers
“He prayeth best, who lovest best, all things both great and small”, observes Coleridge’s narrator in The Rime of the Ancient Mariner . Those who feel such a respect for all life find a natural home in organisations devoted to trees.
Trees are a major anchor for terrestrial life. A single large tree can host thousands of individuals of hundreds of species. It can raise the humidity and lower the ambient temperature of its environment, create and stabilise soil, enhance fertility and ameliorate flooding.
These environmental services are augmented by values such as improved agricultural yield, shade, construction materials, fuel, community spaces and personal well-being. Since the Dance of the Trees
hosted by Njonjo and St Barbe Baker, Watu wa Miti, now the International Tree Foundation, has focussed upon the relationships between trees and people.
The essence of community-led forestry is that trees thrive when people in their locality value them. Whether raising rural incomes or regenerating forests, we work with local partners. The potential and responsibility of ITF projects to address gender imbalances, especially in leadership, is central for ITF.
2020 was a year of solid progress by a remarkable staff team based in Nairobi and Oxford in a year of unprecedented global challenges. As the world recovers from the pandemic, we must redouble our efforts. And as we head into our Centenary Year, I thank the ITF members, staff and trustees, without whose enthusiasm none of this would have been possible .
3
International Tree Foundation Annual Report 2020 - Achievements
What ITF and our partners achieved in 2020
We’re proud to say that in 2020 we planted 805,873 trees with 41 partners in nine African countries and the UK. To have planted nearly twice as many trees as the year before, when dealing with an unprecedented pandemic, is a testament to the resilience and creativity of ITF partners and to our community of people growing trees. We’d like to express our gratitude to everyone who supports and delivers ITF’s programme.
to twelve active partnerships across ten counties. In 2020 the communities in our Kenya programme delivered improvements in ecosystem services, preserved biodiversity, and strengthened landscape resilience whilst creating economic opportunities and improving the livelihoods of 1,984 households. 2020 also marked the expansion for our gender integration activities in Kenya, resulting in an increase of women in leadership positions to 54%.
Of particular note is the Watu wa Miti programme in Kenya, which under Teresa Gitonga’s leadership grew
Our Mount Bamboutos Initiative entered its final stage in 2020. An ambitious three-year project designed to
4
International Tree Foundation Annual Report 2020 - Achievements
conserve one of the most important biodiversity hotspots of the world. A total of 266,608 agroforestry trees were planted in 2019 and 2020 on farms around Mount Bamboutos. 400,907 native forest trees were planted to restore approximately 2,849 hectares of degraded forest land, while dealing with heightened political instability and the impact of the pandemic.
11,526 ha of degraded forest and farm land. 11,229 school children and teachers were trained in conservation and growing trees.
We also launched an ambitious new UK and Ireland Programme in 2020, under the leadership of Sam Pearce. And relaunched our Schools Programme
designed to encourage a sense of forest stewardship
In 2020, the Sustainable Community Forestry (SCF) programme had 25 active partnerships, 17 of which were funded by the Prince of Wales Charitable Fund. SCF projects grew 146,101 trees and restored
Ricardo Romero, Programme Manager
5
International Tree Foundation Annual Report 2020 - Centenary Celebrations
About our centenary celebrations, by Christine MacQueen
2022 will be an exciting and historic year as we mark a century since our founding as Watu wa Miti . Since 1922, ITF has supported people planting trees across the world whilst keeping strong roots in Africa, and particularly Kenya.
In 2022 we will look back at the remarkable work of Richard St Barbe Baker and many dedicated ITF members, but above all we will look forward. More than ever our planet needs forest conservation and restoration. The role of trees in carbon capture came into focus this year, as awareness of the climate emergency sharpened and as governments and businesses reach for net zero. Though important, carbon capture is an outcome of tree planting, not an objective. ITF’s approach is broader - encompassing the range of benefits to people and planet that ensure lasting
sustainability; to resilient landscapes and communities. We don’t just plant trees, we share the knowledge and the love of them. Which means, literally, that the seeds we plant thrive and multiply.
2022 above all reminds us that to succeed, we must work together in strong relationships with our partners and supporters. While for many the experiences of lockdown revealed the benefits of trees to our sense of well-being. The pandemic also exposed the delicate balance between success and failure in the face of new and complex challenges.
We live in complicated times. We look to the continuing support, generosity and hardwork of our community - you - to make 2022 a year to remember, and to ensure that we will continue to grow trees for the next 100 years.
6
International Tree Foundation Annual Report 2020 - Acknowledgements
With thanks to our donors
Space does not permit us to thank all of our generous donors and supporters who helped us to achieve so much under this year and under such challenging circumstances.
We would like, in particular, to thank Gill and Paul Withers, The Bannister Charitable Trust, The Henry Hoare Charitable Trust, Jtree, and everyone who donated to grow trees with us.
Proud members of
7
International Tree Foundation Annual Report 2020 - Financial review
Financial review, 2020
Performance
The organisation had a slight drop in income in 2020. Total income was £642,315 (2019: £739,827), an annual decrease of 13% year on year. Total reserves at the year-end were £411,201 (2019: £346,054) of which unrestricted reserves reduced to £120,432 (2019: £164,078).
Notes on income and expenditure:
ITF has a varied funding stream, receiving grant income from several sources (43% of total), as well as donations from individual givers and fundraisers (55%) and corporate donors (2%).
ITF continues to benefit from legacies and we are extremely grateful to all supporters who kindly remember us in their wills.
The proportion of total expenditure that was spent on direct charitable activity was 88% (2019: 87%).
Expenditure on governance has increased significantly in 2020 to £48,856 (2019; £25,530) due to nonrecurring termination benefits and associated legal costs. We expect governance expenditure to revert to its long term average levels this financial year.
Key risks at the start of 2021 are:
1. Medium and long-term funding
The full impacts of the Coronavirus pandemic are as yet unknown, but there has already been an economic downturn. The long-term impacts of Britain having left the EU are also unclear. Both of these are likely to
have an effect on all areas of fundraising, in particular trust income and grant income. We observe increased competition from other organisations, especially tree planting charities.
Income from legacies is, by its nature, uncertain. It has made up a significant percentage of income in
8
International Tree Foundation Annual Report 2020 - Financial review
previous years (average 25% between 2016 and 2020).
Actons to control/mitgate:
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Increase focus on gaining new major funding from statutory bodies, trusts and foundations.
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Nurture our existing key funder relationships.
there is the possibility of internal and external misappropriation of funds.
Actons to control/mitgate:
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ITF Key Management Personnel (KMP) and Board will continue to ensure that the Finance Policy is kept current and reviewed annually.
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Reduce reliance on legacy income by diversifying funding sources, particularly by engaging corporate donors. Investments into individual fundraising are already paying off.
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Use unrestricted income to support the growth and sustainability of the charity.
2. Fraud and misuse of charitable funds
As digital communication and financial reporting becomes more widely adopted, ITF and other charities, including our partners, are exposed to risk from fraudulent activities. Additionally, ITF is aware that
- The procedures on transferring funds to external partners, particularly internationally, in order to mitigate the risk of fraud, will be followed by ITF staff and continually reviewed.
3. Investment
ITF may invest funds at the discretion of the Board (as per the Articles of Association and Standing Orders). The charity has not held any long-term investments during the year. Should the charity have funds to invest, it would abide by its Ethical and Environmental Policies which state:
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International Tree Foundation Annual Report 2020 - Financial review
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ITF will seek to use the services of banks and other financial institutions that comply with ITF’s ethical and environmental criteria.
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ITF will wherever practicable avoid using the services of banks or other financial institutions that do not adhere to ITF’s ethical and environmental criteria.
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For savings and investments we will choose mutual societies and institutions that invest in socially and environmental responsible projects.
Reserves Policy
The Trustees review the reserves policy of the charity annually. This review covers the nature of the income and expenditure streams of the charity, and the need to match variable income with fixed costs. Trustees recognise that the charity needs to have sufficient cash and reserves to absorb short term fluctuations in income. The level of unrestricted reserves needs to
consider both the plans of the charity and the wider economic climate.
The Trustees resolved that it is appropriate to maintain a policy of having a level of general unrestricted reserves equivalent to six months running costs.
Funds as at 31[st] December 2020:
| Restricted | £290,769 |
|---|---|
| Designated | £0 |
| General | £120,432 |
| Total | £411,201 |
With general unrestricted reserves now standing at £120,432 (2019: £156,142) the reserves policy is met.
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International Tree Foundation Annual Report 2020 - Financial review
Significant Donations
During 2020, we received a number of generous donations and grants. The list below details those above £3,000:
Banister Charitable Trust, Darwin Initiative (Department of Environment, Food and Rural Affairs), Guernsey Overseas Aid and Development Commission, Get Laid Beds, Henry C Hoare Charitable Trust, Malle London, Prince of Wales Charitable Fund, SueMe, Synchronicity Earth, and TreeSisters.
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International Tree Foundation Annual Report 2020 - Structure, governance and management
Structure, governance and management
International Tree Foundation was constituted as a company limited by guarantee and is governed by Articles of Association and Standing Orders. The charity was registered with the Charity Commission in October 1965 (under former name ‘The Men of the Trees’).
Appointment and Recruitment of Trustees
The members of the Board are its Trustees for the purpose of charity law and are the Directors of the charitable company for the purpose of company law. Appointment of Trustees is governed by the Articles of Association of the charitable company. The Trustees have authority to co-opt new Trustees to fill casual vacancies arising during the year. The number of Trustees appointed should not be less than three and no more than twelve.
Three new Trustees were appointed at the AGM in July 2020 and a new Chair was co-opted in September 2020. He will be officially appointed at the 2021 AGM.
Organisational Structure
The Trustees had five full formal meetings in 2020, and numerous ad hoc meetings. In addition to the full Board meetings, there are committees for Fundraising, People and Operations, and Programmes that meet regularly. A Committee has also been set up to plan for ITF’s centenary next year. Trustees are responsible for the strategic direction and policy of ITF.
Senior Staff
The Senior Management Team (SMT) is responsible for the day to day running of the charitable company.
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International Tree Foundation Annual Report 2020 - Structure, governance and management
Pay and Remuneration
ITF is an equal opportunities employer and applies objective criteria to assess merit. Pay reviews are held with staff annually. A benchmarking process is undertaken periodically.
Risk assessment and management
The Trustees are aware of the major strategic, business and operational risks that ITF faces and are of the opinion that there are systems in place to minimise any perceived risks. Reports are regularly submitted to the Board on all issues that might affect the running of the organisation, and a risk register is maintained and reviewed regularly by the SMT, and bi-annually by the Trustees.
Public Benefit
In deciding on which activities to undertake we have taken into consideration Charity Commission guidance on public benefit. The Trustees are satisfied that the charity meets these guidelines with regard to delivering public benefit.
Approved by the Board of Trustees on 27[th] May 2021 and signed on its behalf by:
Dr Stephen Vickers, Chair Company Number 5219549
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International Tree Foundation Annual Report 2020 - Independent examiner’s report
Independent Examiner's Report to the Trustees of International Tree Foundation
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] December 2020 which are set out on pages 16 to 35.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
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International Tree Foundation Annual Report 2020 - Independent examiner’s report
than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Graham Cole
Graham Cole BA FCA
For and on behalf of Wenn Townsend Chartered Accountants Oxford, 27[th] May 2021
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International Tree Foundation Annual Report 2020 - Statement of financial activities
Statement of financial activities
Statement of Financial Activities (including income and expenditure account) for the year ended 31[st] December 2020
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the period.
| Note | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total 2019 | |
|---|---|---|---|---|---|---|---|
| funds (£) | funds (£) | 2020 (£) | funds (£) | funds (£) | (£) | ||
| Income from: | |||||||
| Donatons and legacies | 2 | 127,961 | 508,491 | 636,452 | 228,626 | 504,605 | 733,231 |
| Membership subs, sponsorship, events | 5,465 | - | 5,465 |
6,136 | - | 6,136 |
|
| Investments | 3 | 398 | - | 398 |
460 | - | 460 |
| Total income | 133,824 | 508,491 | 642,315 | 235,222 | 504,605 | 739,827 | |
| Expenditure on: | |||||||
| Raising funds | 68,599 | - | 68,599 |
81,118 | - | 81,118 |
|
| Charitable actvites | 4 | 108,284 | 400,285 | 508,569 | 179,500 | 360,820 | 540,320 |
| Total expenditure | 176,883 | 400,285 | 577,168 | 260,618 | 360,820 | 621,438 | |
| Net income/(expenditure) | (43,059) | 108,206 | 65,147 | (25,396) | 143,785 | 118,389 | |
| Transfers between funds | 13 | (587) | 587 | - | (305) |
305 | - |
| Net movement in funds | (43,646) | 108,793 | 65,147 | (25,701) | 144,090 | 118,389 | |
| Fund balances brought forward 01.01.2020 |
164,078 | 181,976 | 346,054 | 189,779 | 37,886 | 227,665 | |
| Funds balances carried forward | |||||||
| 16 31st December 2020 |
120,432 | 290,769 |
411,201 |
164,078 |
181,976 |
346,054 |
International Tree Foundation Annual Report 2020 - Balance sheet 31[st] December 2020
Balance sheet 31[st] December 2020
| Note | £ | 2020 |
£ |
2019 |
|---|---|---|---|---|
| Fixed Assets | ||||
| Tangible assets 9 |
1,805 | 3.276 | ||
| Current Assets | ||||
| Debtors 10 |
34,941 | 37,213 | ||
| Cash at bank and in hand | 422,476 | 334,638 | ||
| 457,417 | 371,851 | |||
| Creditors:Amounts falling due within one year 11 |
(48,021) | (29,073) | ||
| Net Current Assets | 409,396 | 342,778 | ||
| Total Assets less Current Liabilites | 411,201 | 346,054 | ||
| Net Assets | 411,201 | 346,054 | ||
| Funds | ||||
| Restricted funds | 290,769 | 181,976 | ||
| Unrestricted funds | ||||
| General fund | 120,432 | 156,142 | ||
| Designated funds | - | 7,936 | ||
| Total funds 13 |
411,201 | 346,054 |
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International Tree Foundation Annual Report 2020 - Balance sheet 31[st] December 2020
Balance sheet 31[st] December 2020 (cont)
For the year ending 31[st] December 2020, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
- The members have not required the company
to obtain an audit of its accounts for the year in question in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the Board of Trustees on 27[th] May 2021 and signed on its behalf by
Dr Stephen Vickers, Chair Company number: 5219549
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International Tree Foundation Annual Report 2020 - For the year ended 31[st] December 2020
Statement of Cash Flows
For the year ended 31[st] December 2020
| Note | 2020 (£) |
2019 (£) |
||
|---|---|---|---|---|
| Net cash fow from operatng actvites 14 |
87,650 | |||
| Cash fows from investng actvites | ||||
| Interest received | 398 | 460 | ||
| Purchase of fxed assets | (509) | (786) | ||
| Proceeds from sale of fxed assets | 299 | - | ||
| Net cash fow from investng actvites | 188 | |||
| Change in cash and cash equivalents in the period | 87,838 | |||
| Cash and cash equivalents brought forward at 1st January 2020 | 334,638 | |||
| Cash and cash equivalents carried forward at 31st December 2020 | 442,476 |
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
Notes to the Accounts for the year ended 31[st] December 2020
1 Summary of significant accounting policies. General information and basis of preparation.
International Tree Foundation is a charitable company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information in these financial statements. The nature of the charity’s operations and principal activities are detailed in the Trustees’ Report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting 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) issued in October 2019, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Fund accounting
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Board of Directors in
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
furtherance of the charitable objectives of the charitable company.
Designated funds comprise funds set aside by the Board of Directors out of unrestricted funds for specific future purposes or projects.
Restricted funds comprise monies raised for, and their use restricted to, a specific purpose, or donations subject to conditions imposed by the donor or through the terms of an appeal.
Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliability and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay on the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
1 Summary of significant accounting policies (cont.)
is included in the financial statements for volunteer time in line with the SORP (FRS 102).
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity, however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Investment income and bank interest receivable is fully accrued at the balance sheet date.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive
obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
The costs of raising funds consist of investment management fees and merchandising costs.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities, and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on the basis of estimates of the proportion of time spent by staff on those activities.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Tangible fixed assets are depreciated at rates calculated to write off the cost of each asset over its estimated useful life as follows:
Debtors and creditors receivable/payable within 1yr
Debtors and creditors with no stated interest rate
and receivable or payable within one year are recorded at transaction price.
Operating leases
Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.
Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Office equipment, furniture and fittings 25% Straight line basis
Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
1 Summary of significant accounting policies (cont.)
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. In performing this review, the trustees have factored in the anticipated impact of COVID-19 on its global operations. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
Notes to the Accounts (cont.)
2. Donations and legacies
| 2020 (£) | 2019 (£) | |
|---|---|---|
| Donatons including related gif aid | 117,833 | 121,164 |
| Appeals | 13,950 | 18,516 |
| Legacies | 230,767 | 160,000 |
| Grants | 273,902 | 433,551 |
| Total | 636,452 | 733,231 |
3. Investment income and interest
| Bank interest receivable | 2020 (£) 398 |
2019 (£) 460 |
|---|---|---|
| Total | 398 | 460 |
4. Charitable Activities
| 2020 (£) | 2019 (£) | |
|---|---|---|
| Plantng, protecton, preservaton of trees | ||
| UK | 3,286 | 7,998 |
| Internatonal | 230,782 | 231,824 |
| Other direct costs | 25,757 | 21,733 |
| Staf costs | 150,475 | 131,312 |
| Ofce support costs | 12,326 | 25,571 |
| 422,626 | 418,438 | |
| Raising awareness of importance of trees | 3,185 | 28,291 |
| Newsleter, journal publicaton and website | 600 | - |
| Staf costs | 27,139 | 55,276 |
| Ofce support costs | 6,163 | 12,785 |
| 37,087 | 96,352 | |
| Governance costs | 48,856 | 25,530 |
| Total Charitable Actvites | 508,569 | 540,320 |
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
| 5. Total expenditure | Plantng, grants payable (£) |
Other direct costs (£) |
Staf costs (£) |
Ofce costs (£) |
2020 (£) | 2019 (£) |
|---|---|---|---|---|---|---|
| Cost of generatng funds | - | 20,016 |
39,339 | 9,244 | 68,599 | 81,118 |
| Tree plantng, protecton, and preservaton | 234,068 | 25,757 | 150,475 | 12,326 | 422,626 | 418,438 |
| Promoton of tree awareness | - | 3,785 |
27,139 | 6,163 | 37,087 | 96,352 |
| Governance costs | - | 5,135 |
27,113 | 16,608 | 48,856 | 25,530 |
| Total | 234,068 | 54,693 | 244,066 | 44,341 | 577,168 | 621,438 |
| Support costs comprise: | 2020 (£) | 2019 (£) | ||||
| Accountancy and payroll | 3,332 | 1,849 | ||||
| Bank charges | 2,367 | 2,023 | ||||
| Computer maintenance and services | 2,216 | 855 | ||||
| Depreciaton of fxed assets | 1,039 | 1,052 | ||||
| Director meetngs, travel expenses and insurance | 476 | 1,783 | ||||
| Miscellaneous expenses | 505 | 413 | ||||
| Professional fees | 16,584 | 19,223 | ||||
| Ofce insurance, light, heat and cleaning | 535 | 2,621 | ||||
| Ofce rent and rates | 14,026 | 20,286 | ||||
| Staf recruitment, training and travel | 2,528 | 8,848 | ||||
| Telephone, printng, postage and statonery | 676 | 1,591 | ||||
| Volunteer expenses | - | 3,354 | ||||
| Exchange rate loss | 2 | 29 | ||||
| Losses on disposal of fxed assets | 55 | - | ||||
| Total | 44,341 | 63,927 |
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
Support costs are allocated on the basis of estimates of the proportion of time spent by staff on those activities.
Cost allocation includes an element of judgement and the charity has had to consider the cost benefit of detailed calculations and record keeping. Therefore the support costs shown above are a best estimate of the costs that have been so allocated.
6. Staff costs and numbers
| 2020 (£) | 2019 (£) | |
|---|---|---|
| Gross pay | 206,983 | 225,237 |
| Employer's NI | 13,370 | 15,463 |
| Employer's pension contributons | 8,956 | 9,691 |
| Life assurance and other employee benefts | 14,757 | 1,448 |
| Total staf costs | 244,066 | 251,839 |
Total termination benefits during the year amounted to £14,000 (2019: £nil). The average number of
employees analysed by function was:
| # 2020 | FTE | # 2019 | FTE | |
|---|---|---|---|---|
| Plantng, protecton, preservaton and | 6 | 5 | 8 | 5 |
| promoton of trees | ||||
| Fundraising and income generaton | 2 | 2 | 3 | 2 |
| Total | 8 | 7 | 11 | 7 |
No employees received total employee benefits (excluding employer pension costs) exceeding £60,000 during the current period (2019: one).
7. Trustees’ and key management personnel remuneration and expenses
The Trustees neither received nor waived any remuneration during the period (2019: £nil).
The total amount (including employer pension costs) received by key management personnel is £134,207 (2019: £163,862). The Trust considers its key management personnel comprise the Programmes
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
Manager, Head of Fundraising and Finance and Facilities Manager. In the prior year this also included the Chief Executive until his departure.
No (2019: three) Trustees were reimbursed for directly incurred out of pocket expenses during the period totalling £nil (2019: £1,270).
8. Net income/(expenditure)
| 2020 (£) | 2019 (£) | |
|---|---|---|
| Net income/(expenditure) stated afer charging | ||
| Examiner's remuneraton | 2,640 | 2,040 |
| Depreciaton of fxed assets | 1,416 | 1,963 |
9. Tangible Fixed Assets - office equipment, furniture and fittings
| Cost | £ |
|---|---|
| At 1stJanuary 2020 | 8,738 |
| Additons | 509 |
| Disposals | (1,315) |
| At 31stDecember 2020 | 7,932 |
| Depreciaton | |
| At 1stJanuary 2020 | 5,462 |
| Charge for the period | 1,416 |
| Eliminated on disposal | (751) |
| At 31st December 2020 | 6,127 |
| Net book value | |
| At 31st December 2020 | 1,805 |
| At 31stDecember 2019 | 3,276 |
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
10. Debtors: amounts falling due within one year
12. Analysis of net assets between total funds
| Trade debtors | 2020 (£) - |
2019 (£) 833 |
Fund balance as of 31.12.20 represented by: |
Unrestricted funds (£) |
Restricted funds (£) |
Total (£) |
|---|---|---|---|---|---|---|
| Other debtors | 15,882 | 19,728 |
Tangible fxed assets | 1,051 | 754 | 1,805 |
| Prepaid expenditure | 1,574 | 6,215 |
Cash at bank and in hand | 117,044 | 305,432 | 422,476 |
| Accrued income | 17,485 | 10,437 |
Other net current assets | 2,337 | (15,417) | (13,080) |
| Total | 34,941 | 37,213 |
Total | 120,432 | 290,769 | 411,201 |
| 11. Creditors:amounts falling due within one year | Fund balance as of 31.12.19 represented by: |
Unrestricted funds (£) |
Restricted funds (£) |
Total (£) | ||
| 2020 (£) | 2019 (£) | Tangible fxed assets | 2,444 | 832 | 3,276 | |
| Trade creditors | 42,465 | 13,040 | Cash at bank and in hand | 153,347 | 181,291 | 334,638 |
| Accrued expenditure | 2,986 | 9,989 | Other net current assets | 8,287 | (147) | 8,140 |
| Employers pension contributon | 2,135 | 1,738 | Total | 164,078 | 181,976 | 346,054 |
| Other tax and social security | 435 | 34 | ||||
| Deferred income | - | 4,272 | ||||
| Total | 48,021 | 29,073 |
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
| 13. Statement of funds | Balance at 1/1/20 (£) |
Income (£) |
Expenditure (£) |
Transfers (£) | Balance at 31/12/20 (£) |
|---|---|---|---|---|---|
| Restricted funds | |||||
| Internatonal Programmes: | |||||
| Africa Drylands | 3,704 | - | (1,297) |
- | 2,407 |
| Sustainable Community Forestry | 105,639 | 112,389 | (112,190) | (1,183) | 104,655 |
| Watu wa Mit (previously Centenary Campaign) | 49,853 | 94,288 | (94,122) | (777) | 49,242 |
| Mount Bamboutos Initatve | 17,396 | 107,436 | (92,942) | (1,134) | 30,756 |
| Save Kafuga Forest | - | 160 | (2) | - | 158 |
| UK Programmes: | |||||
| Community Tree Plantng | 2,102 | 4,218 | (3,292) | - | 3,028 |
| Susan Cooke Legacy | - | 190,000 | (92,342) | - | 97,658 |
| Tree Power | 2,865 | - | - | - | 2,865 |
| Trees Journal | - | - | (3,681) | 3,681 | - |
| UK Well-being in the Woods | 417 | - | (417) | - | - |
| 181,976 | 508,491 | (400,285) | 587 | 290,769 | |
| Unrestricted funds | |||||
| General fund | 156,142 | 132,470 | (167,722) | (458) | 120,432 |
| Designated funds | |||||
| Watu wa Mit (previously Centenary Campaign) | 7,805 | 1,354 | (9,159) | - | - |
| Sustainable Community Forestry | 131 | - | (2) | (129) | - |
| 164,078 | 133,824 | (179,883) | (587) | 120,432 | |
| Total funds | 346,054 | 642,315 | (577,168) | - | 411,201 |
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13. Statement of funds (cont) |
Balance at 01.01.19 (£) |
Income (£) |
Expenditure (£) |
Transfers (£) |
Balance at 31.12.19 (£) |
|---|---|---|---|---|---|
| Restricted funds | |||||
| Internatonal Programmes: | |||||
| Africa Drylands | 3,704 | - | - | 3,704 | |
| Sustainable Community Forestry | 19,035 | 128,527 | (41,923) | - | 105,639 |
| The Nkhata Bay Natural Way | (7,492) | 7,187 | - | 305 | - |
| Watu wa Mit (previously Centenary Campaign) | (53) | 159,117 | (107,711) | (1,500) | 49,853 |
| Mount Bamboutos Initatve | (6,358) | 167,535 | (142,111) | (1,670) | 17,396 |
| UK Programmes: | |||||
| Community Tree Plantng | 3,944 | 3,514 | (5,356) | - | 2,102 |
| Tree Power | 22,909 | - | (18,544) | (1,500) | 2,865 |
| Trees Journal | 20 | - | (6,490) | 6,470 | - |
| UK Fruit-full | 2,177 | 18,741 | (19,418) | (1,500) | - |
| UK Well-being in the Woods | - | 19,984 | (19,267) | (300) | 417 |
| 37,886 | 504,605 | (360,820) | 305 | 181,976 | |
| Unrestricted funds | |||||
| General fund | 163,317 | 232,238 | (242,878) | 3,465 | 156,142 |
| Designated funds | |||||
| Watu wa Mit (previously Centenary Campaign) | 22,828 | 2,701 | (17,724) | - | 7,805 |
| Sustainable Community Forestry | 80 | 54 | (3) | - | 131 |
| Tree Power | 2,576 | - | - | (2,576) | - |
| Save Kafuga Forest | 978 | 229 | (13) | (1,194) | - |
| 189,779 | 235,222 | (260,618) | (305) | 164,078 | |
| Total funds | 227,665 | 739,827 | (621,438) | - | 31 346,054 |
International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
13. Statement of funds (cont)
International Programmes
by DEFRA – Darwin Initiative, and TreeSisters.
Africa Drylands
A bequest from the Estate of the late Mrs MM Gare in 1999, to be utilised in the environmental regeneration of the Sahara region through the establishment of community tree planting projects.
Watu wa Miti (previously Centenary Campaign)
Supporting the planting of trees in Kenya by local community-based organisations. Funders include: TreeSisters, Guernsey Overseas Aid and Development Commission, Big Give Christmas Challenge, Just One Tree, Paul and Gill Withers, individual and corporate donors.
Mount Bamboutos Initiative
Funds to restore the degraded mountain ecosystem of Mount Bamboutos in Cameroon, while improving the quality of lives for local communities. Funded
Nkhata Bay Natural Way
Embedding community stewardship of natural
resources in the Nkhata Bay North district of Malawi. Funded by the Big Lottery Fund.
Save Kafuga Forest
Strengthening communities’ natural resources access and management in Kafuga Forest, Uganda.
Sustainable Community Forestry
Supporting local community-based organisations to raise and plant trees and to manage and restore local forests. Major funders include: Prince of Wales Charitable Trust, Guernsey Overseas Aid and Development Commission, Charles Haywood Foundation, John Lally Foundation, Synchronicity Earth, Plant for the Planet, New North London Synagogue, individual donors.
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
UK Programmes
Community Tree Planting
Helping local communities in the UK plant trees. Funded by the Orentreich Family Foundation and individual donors.
UK Fruitful Communities
Bringing together partners to support young people across England to develop community orchards. Funded by the Big Lottery Fund through Learning through Landscapes.
Susan Cooke legacy
A bequest from the Estate of the late Susan Cooke, to carry out work in Northern Ireland.
UK Well-being in the Woods
Engaging young people in woodland activities to improve their well-being and mental health. Funded by the Postcode Local Trust.
Tree Power
Education programme supporting teachers and schools to inspire new generations about the local and global importance of trees and forests.
Trees Journal
The production of ITF’s annual publication. Contributions to the costs of this are made by our other programmes.
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International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
13. Statement of funds (cont.)
| From To Notes |
From To Notes |
From To Notes |
|---|---|---|
| Restricted Mount Bamboutos Initatve |
Restricted Trees Journal | A contributon from the Mount Bamboutos Initatve to the Trees Journal. |
| Restricted Sustainable Communi- ty Forestry |
Restricted Trees Journal | A contributon from the Sustainable Community Forestry to the Trees Journal. |
| Restricted Watu wa Mit (previously Centenary Campaign) |
Restricted Trees Journal | A contributon from Watu wa Mit (previously Centenary Campaign) to the Trees Journal. |
| Unrestricted funds | Restricted Trees Journal | A contributon from unrestricted funds to the Trees Journal. |
| Designated funds: Sustainable Community Forestry |
Restricted Sustainable Community Forestry |
Movement of designated to restricted funds, to close the designated fund account. |
14. Reconciliation of net movement in funds to net cash flow from operating activities
| 2020 (£) | 2019 (£) | |
|---|---|---|
| Net income for period | 65,147 | 118,389 |
| Depreciaton charge | 1,416 | 1,963 |
| Loss on disposal of fxed assets | 265 | - |
| Interest receivable | (398) | (460) |
| Decrease in debtors | 2,272 | 26,072 |
| Increase in creditors | 18,948 | 4,977 |
| Net cash fow from operatng actvites | 87,650 | 150,941 |
15. Lease commitments
At 31[st] December 2020 total future minimum lease payments under non-cancellable operating leases
were as follows:
| Land and buildings 2020 (£) 2019 (£) |
Land and buildings 2020 (£) 2019 (£) |
Land and buildings 2020 (£) 2019 (£) |
|---|---|---|
| Due within one year 6,380 4,320 |
34
International Tree Foundation Annual Report 2020 - Notes to the accounts for year ended 31[st] December 2020
16. Related party transactions
International Tree Foundation Kenya, a charity, was incorporated under Kenyan law during the year ending 31[st] December 2019, to enable Kenyan donors to make donations to help ITF meet its objectives. The Board of Trustees of ITF Kenya is a subset of the full ITF Board of Trustees, therefore ITF Kenya is viewed as being controlled by ITF and therefore a subsidiary for accounting purposes.
For the year ending 31[st] December 2020, ITF was entitled to exemption from preparing consolidated accounts as the parent and the group headed by it qualify as small under section 383 of the Companies Act 2006 and the parent and the group are considered eligible for the exemption as determined by reference to sections 384 and 399(2A) of the Companies Act 2006.
ITF Kenya is deemed a dormant entity as no transactions took place during the year.
There were no other related party transactions to disclose in 2020 (2019: none).
17. Contingent assets
At the year end the charity was entitled to legacy income on a share of a residuary estate that had not yet been received. The amount of the payment is unknown, and thus the criteria for income recognition are not met.
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