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← Rainforest Foundation UK

2023-12-31-accounts

Company Registration Number 07391285 Charity Registration Number 1138287

RAINFOREST FOUNDATION UK

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

RAINFOREST FOUNDATION UK

INDEX TO THE REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Page no

1 Administrative information
2 Report of the trustees
11 Report of the auditors
14 Statement of financial activities
15 Balance sheet
16 Statement of cash flows
17 Notes to the financial statements

RAINFOREST FOUNDATION UK ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Miss L Brown (Appointed on 15 September 2023) Ms L Claridge Dr E Clough (Appointed on 15 September 2023) Ms J Cluff Prof R Coward

Ms L Curran Reid (Appointed on 15 September 2023) Mr S Hoyte (Resigned on 29 February 2024) Ms C Clarke (Appointed on 1 March 2024) Ms C Kabanga Tshali (Appointed on 15 September 2023)

Mr D Morgan

Ms S Natt

Ms O Owczarek Mr R Poore

Executive Director Mr J Eisen Registered office Suite 201 Pill Box Studios 115 Coventry Road London E2 6GG Company number 07391285 Charity number 1138287 Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Auditor Goldwins Limited Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report along with the financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity's Trust Deed, the Charities Act 2011, the Companies Act 2006 and 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) (effective 1 January 2019).

Reference and Administrative Details of the Charity, its Trustees and Advisers

Rainforest Foundation UK, registered charity no. 1138287 is based at Suite 201, Pill Box Studios, 115 Coventry Road, London, England, E2 6GG, United Kingdom.

The board of trustees throughout 2023 were: Miss L Brown, Ms L Claridge (Chair), Prof R Coward, Dr E Clough, Ms J Cluff (Safeguarding Trustee), Ms L Curran Reid, Mr S Hoyte, Ms C Kabanga Tshali, Mr D Morgan (Vice-Chair), Ms S Natt, Ms O Owczarek, Mr R Poore (Treasurer).

The Executive Director is Mr Joe Eisen. Throughout 2023, the Programmes were managed by Ms Ana Osuna Orozco, the Finances by Ms Emily Hodge and Operations by Ms Fleur Gatineau.

Structure, Governance and Management

The trust is an incorporated trust, constituted under Articles of Agreement and incorporated on 29 September 2010 and is a registered charity, number 1138287, (company number 07391285). The charity acquired all the assets and liabilities of the unincorporated trust, The Rainforest Foundation (UK) (charity number 801436), with effect from 1 January 2011. On 11 August 2023, The Rainforest Foundation (UK) changed its name to Rainforest Foundation UK.

The board of trustees is responsible for the overall strategic direction, governance, compliance and financial stability of Rainforest Foundation UK (RFUK). The Articles of Association provide for a minimum of three trustees and up to a maximum of twelve (those who held office during the financial year and at the date of this report are set out on page two). The trustees convene for a minimum of four board meetings per year, participate in several committees and provide ad-hoc support in their given areas of expertise. They are appointed by the board and may serve for a maximum of three-year terms not exceeding in aggregate nine years but must be re-elected by the Board of Trustees after each three-year term to continue serving as a trustee.

The board keeps the skills requirements for the trustee body under review. New trustees may be sought by open advertisement or through a dialogue with candidates in relevant sectors. The ultimate decision on selection is a matter for the board of trustees. When new trustees are appointed, they are given an introduction to the work of the trust and provided with the information they need to fulfil their roles in accordance with charity law.

Day-to-day administration of the organisation is delegated to the Executive Director and specialist staff who are mostly based in its London office. It has a number of indigenous and local partner organisations in tropical forest countries with whom it cooperates to deliver programmes.

RFUK is part of a small 'family' of independent organisations, which includes Rainforest Foundations US and Norway. These organisations, whilst sharing the same mission and objectives, are fully autonomous in terms of funding and governance.

Risk Management

The foundation has a risk management policy and maintains a risk register that lists and rates major operational, governance, funding and country-level risks according to their likelihood and severity of impact, and sets out appropriate mitigation measures. The register is kept under constant review by the Executive Director and also by the trustees at each board meeting to ensure that adequate systems and procedures are in place to manage the identified risks.

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Status

Rainforest Foundation UK is an international non-governmental, non-political, non-religious organisation.

The Articles of Association Define the Charity's Objects as Being

(1) to conserve or assist in the conservation of the rainforests of the world; including all flora, fauna, rivers, waterways and other natural resources therein;

(2) to advance the education of the general public in the need to conserve the rainforests and other natural resources of the world and the balance of such resources for the long-term benefit of the human race and all other living things therein;

(3) to relieve sickness amongst the inhabitants of the rainforests, including but without limitation, by assisting such inhabitants to access local healthcare services;

(4) to advance the education of the said inhabitants including but without limitation in the field of health and the environment.

Mission Statement

The mission of Rainforest Foundation UK is to support indigenous peoples and traditional populations of the world's rainforests in their efforts to protect their environment and fulfil their rights to land, life and livelihood by assisting them in:

Activities

The activities carried out by the charity during the period can be broadly grouped into the following thematic areas:

Land and livelihoods: Promoting Indigenous Peoples and other local communities’ rights over forest lands by supporting them to secure, protect and sustainably manage these areas and by campaigning for laws and policies that protect rainforests and their inhabitants.

Monitoring and rights: Tackling threats to forests and human rights through community-led monitoring, applied research, advocacy and campaigning on the underlying causes of deforestation, and by building partnerships for change.

Indigenous Peoples’ rights and social inclusion: Supporting the participation and self-determination of Indigenous Peoples, women and other marginalised groups in the protection and management of tropical forests.

Approach

The charity delivers its charitable objectives in two ways:

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

The latter constitutes the greater part of the expenditure. It also ensures that the Foundation’s work is firmly rooted in local knowledge and expertise. The Foundation has found from experience that this approach delivers maximum impact, efficiency and value to the beneficiary groups.

2023 Activities, Achievements and Performance

RFUK’s and our local partners’ programmes in 2023 covered seven countries; the Democratic Republic of Congo (DRC), Republic of Congo (RoC), Central African Republic (CAR), Cameroon, Kenya, Ghana and Peru as well as international research and advocacy on climate justice, sustainable conservation and aid effectiveness.

Land and Livelihoods programme

This programme promotes land rights and livelihoods by putting otherwise ‘invisible’ communities on the map through our MappingForRights initiative, by pushing for laws and policies that protect forests and their inhabitants, and by aiding communities to sustainably manage these areas and partake in vibrant rainforest economies.

In DRC, our ‘Forests for the Future’ project consortium including APEM, CAGDFT, GeoFirst, Reseau CREF, PREPPYG and GASHE expanded direct support to 17 community forests in Equateur, Maniema and North Kivu provinces, covering 150,000 hectares of forest – an area roughly the size of Greater London. Nine of these communities now have government-approved management plans that guide the sustainable use and protection of these areas, and several of them were able to significantly improve their livelihoods through agricultural enhancements in cacao and cassava, training and better market access. In terms of the protection of these areas, we developed a remote sensing system to track changes in forest cover and other environmental indicators, while several communities deployed our ForestLink real-time forest system to monitor illegal encroachments, resulting in dozens of alerts being sent and successful actions against industrial loggers.

Our work was not only aimed at supporting the community forests we work with to flourish, but also to create the enabling conditions for community forests to succeed more widely through capacity-building, policy advocacy and convening. As such, we continued to support community forest roundtables that brought together local communities, civil society, government, the private sector and the research community to build consensus, learning and best practices. We also provided training and technical support to the Environment Ministry including through the development and management of the national Community Forest Database that acts as a centralised repository of detailed information on the location, management and characteristics of the roughly 200 concessions covering 4 million hectares that now exist in the country. 2023 also marked the end of the “experimental phase” of the first national community forest strategy that has guided its development in the DRC over the past 5 years.

The DRC community forest and deforestation monitoring work was supported by the US Agency for International Development (USAID); Norwegian Agency for Development Cooperation (Norad); UK Foreign, Commonwealth and Development Office (FCDO) via Palladium International- Partnerships for Forests; Helen and Michael Brown Charitable Trust; Arcus Foundation; Turing Foundation; Tides Foundation ; Size of Wales; Synchronicity Earth; Swire Charitable Trust and Stichting Otterfonds.

In Cameroon, our local partner EcoDev worked with three community forests in the Central region in a sustainable agro-forestry initiative. The project provided plants, training and equipment for communities to grow food and medicinal trees. The efforts targeted women in these communities in particular. This work was supported by the Charles Hayward Foundation .

In CAR, RFUK and CADD supported around 6,000 Indigenous Bayaka and Bantu people across 14 communities to benefit from agricultural training and support, achieving strong results despite the many challenges the country faces with political instability and conflict. This work was supported by the Rainforest Fund.

In Peru, RFUK and CARE supported the Indigenous Asháninka to implement land-use plans for their titled territories in the Ene Valley region covering an area of 150,000 hectares as well as to form community surveillance committees to monitor them. The thriving Kemito Ene cooperative, an award-winning model of Indigenous-led enterprise in the Amazon, continued to go from strength to strength, providing technical assistance to 200 families to improve cocoa production through agroforestry systems. All this resulted in a yield of 740 kg of cacao per hectare, representing a 74% increase on the project baseline, as well as a 702% increase in cocoa sales. This work was supported by Good Energies Foundation.

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Monitoring and Rights programme

This programme empowers environmental and human rights defenders to monitor and defend their forests and rights, to increase civic participation by bridging the gap between remote communities and decision-making processes, and by addressing the underlying and structural causes of forest loss through applied research, advocacy and campaigns. At the heart of this is ForestLink, a breakthrough system that enables communities to transmit realtime, highly accurate and low-cost alerts of forest crime and rights abuses, and to connect with law enforcement agencies and other forms of remedy.

In Peru, the Indigenous federation FENAMAD deployed ForestLink to bolster protection of forests in Madre de Dios to great effect. Together with the provision of legal support for the communities to follow up on the alerts, this proved highly effective in the fight against rampant illegal logging and mining in this highly biodiverse region, resulting in the identification and destruction of illegal camps and equipment worth millions of dollars. This has demonstrated the vital role of grassroots, Indigenous-led monitoring in combating environmental crime and can serve as a model that can be replicated across the Amazon and beyond. This work was supported by the Waterloo Foundation, Ernest Kleinwort Charitable Trust and Network for Social Change .

In Cameroon, with the support of our partner EcoDev, communities in the dense forests of the Yoko district in the Mbam-et-Kim region sent ForestLink alerts about infractions by two logging companies, prompting an investigation by the Standardised Independent External Monitoring System (SNOIE) network that ultimately led to the suspension of these permits. These successes inspired communities elsewhere in the area to take up forest monitoring, leading to the suspension of a third logging company in the Ngambé-Tikar district. This work was supported by Earth InSight, a project of the Resources Legacy Fund.

In Kenya, an adapted version of ForestLink, Haki Ardhi, was used by women in the Taita Taveta and Kakamega counties to report on land rights violations. Together with Kenya Land Alliance and TMG Think Tank, women’s groups were also trained in how seek to access to remedy.

In RoC, RFUK and our partner CJJ launched an exciting new project that will support communities in the Lekoumou, Likouala and Sangha regions to deploy ForestLink to monitor human rights violations linked to the natural resource exploitation and to receive accompanying legal support, particularly for women and Indigenous Peoples. This work was supported by the Agence Française de Développement (AFD) and Earth InSight, a project of Resources Legacy Fund.

Research, Advocacy and Campaigns

Building on our on-the-ground monitoring work, our research and campaigns continued to tackle the root causes of deforestation in the Congo Basin as well as the false solutions to these threats that harm communities and perpetuate environmental destruction elsewhere.

Following the DRC’s government’s decision in in July 2022 to auction 30 oil and gas blocks, RFUK and our local partners have been at the vanguard of efforts to tackle the threat posed to millions of hectares of intact tropical forests, the carbon-rich peatlands, more than a dozen protected areas and the ancestral lands of thousands of communities. Working with diverse coalitions of Congolese and international actors, we amplified the voices of affected local communities and organised joint statements, press conferences and information campaigns for national and international audiences to powerful effect. This work was supported by the Hampshire Foundation, Arcus Foundation and Earth InSight, a project of Resources Legacy Fund.

While tackling threats from hydrocarbons, logging and other industries, we have also been working to address the sharp rise in exploitative carbon offset projects in tropical forests. In the DRC, we supported local communities to understand and exercise their rights in the face of such projects. At the international level we published an influential first-of-its-kind comparative analysis of the world’s leading forest offsetting and REDD+ schemes used by some of the world's biggest polluters, finding these are often failing forests, people and the climate by allowing millions of credits to be generated that simply do not represent real emissions reductions.

Our sustainable conservation and human rights campaign continued to expose human rights impacts of ‘fortress conservation’ models that are still prevalent in many of the Congo Basin’s protected areas and to push for greater accountability of conservation agencies on this issue. In the Republic of Congo, RFUK and our partner CAD supported local communities who were subjected to alleged violations by rangers of the Ntokou Pikounda National Park. In DRC, with our partner APEM we campaigned for the rights of communities in the periphery of the Lomami and Salonga National Parks, including by calling for fair and effective grievance and redress mechanisms for these

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

areas. At the national level, RFUK, APEM and GeoFirst. advocated for the integration of Indigenous Peoples’ rights into Congolese Conservation Law and contributed to new national guidelines on human rights and grievance mechanisms. This work was supported by the Arcus Foundation and Tides Foundation.

Partnerships

RFUK is not a grant-making organisation. We enter into partnership agreements with other organisations in order to downstream funds and implement projects and campaigns. All local partners are fully autonomous organisations with their own financial management and governance structures. The contractual agreement is determined through close dialogue between RFUK programme staff and potential partners. Partnership agreements are monitored with strict financial controls and due diligence procedures, in line with the Foundation’s internal guidelines and requirements.

Programme staff periodically visit partner offices and field sites to monitor and support project, research and advocacy activities, and maintain regular communication with them in the interim periods. Partners are required to provide regular narrative and financial reports on project activities.

Fundraising

The Foundation aims to establish a diverse funding base of institutional donors, charitable trusts and foundations, and individual givers. It is also open to support from the corporate sector subject to ethical review. Our fundraising mix is regularly reviewed according to a range of factors including charitable needs, likely return on investment and projected levels of free reserves.

Fundraising standards : We are members of the Chartered Institute of Fundraising (IoF) and the Fundraising Regulator, and as such abide by the Code of Fundraising Practice. We abide by the Fundraising Regulator's Fundraising Promise, and strive to ensure our fundraising is open, honest, legal and respectful. We operate an 'optin' model of freely given, specific, informed, unambiguous consent for contact, whether that be via email, post or the telephone.

Fundraising on our behalf: We engage members of the public via digital channels, such as social media and through emails, discussing ways in which they can support us, appropriately and proportionately. We require any professional fundraising agencies working on our behalf to adhere to our fundraising standards.

We work with some corporate partners who support us through financial donations, as well as employee fundraising. We also receive one-off support from companies, as unsolicited donations. Some of our corporate partners sell goods or services and donate a proportion of the sale price to us. These arrangements are governed by legal agreements in line with current consumer and charitable law. Our corporate partnerships are also subject to our ethical policy and each corporate partner will go through a stringent due diligence process before a partnership is entered into.

Monitoring of fundraising activities and protecting people in vulnerable circumstances: We have a set of standards and principles that we require all professional fundraisers working on our behalf to adhere to when delivering fundraising campaigns online.

The Charity does not tolerate the use of language or behaviours that intentionally mislead or seek to unduly influence people, or the use of subterfuge or misrepresentation. We are committed to making sure all fundraising engagements adhere to the guiding principles of the Code of Fundraising Practice in being legal, open, honest and respectful.

We are committed to ensuring that we treat the public sensitively and respectfully at all times, taking special care to protect people who may find themselves in vulnerable circumstances. We have dedicated safeguarding and whistleblowing policies and procedures to ensure best practice in this regard.

This approach has been developed in consultation with the charity safeguarding staff and is in line with the requirements of the Charities (Protection and Social Investment) Act 2016, the Mental Capacity Act 2005, as well as with the IoF's Treating Donors Fairly guidance, and the Direct Marketing Association's Guidelines for Dealing with Vulnerable Consumers.

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Complaints : We are always sorry to receive complaints relating to our fundraising, as we're keen for all our supporters to have a positive experience engaging with us. We understand, of course, that some of our activity may invite expressions of dissatisfaction, which we will always record in order to improve our fundraising. Complaints, however, will only be recorded when there has been a potential or actual breach of the fundraising code, a lapse in our high standards, or a concern raised where an investigation has been instigated. In 2023, we received 0 such complaints.

Communications

Our communications in 2023 included the management of our three websites (rainforestfoundationuk.org, mappingforrights.org and forestlink.org) and social media channels (Twitter, Facebook, Instagram, LinkedIn and YouTube) as well as direct supporter communications through newsletters and appeals. Over the course of the year, we also published several publications, briefings and map stories, featured in a number of international and specialist media outlets and spoke at numerous international conferences and meetings on rainforest and human rights related issues.

Operations and Finance

Throughout the year, we made significant improvements to our operational, compliance and financial functions, ensuring growth of our programmes is supported by robust internal systems, policies and procedures.

This included expanding our Finance and Operations team, enhancing our internal controls and upgrading our IT systems and cybersecurity measures, and strengthening our HR procedures including through a new appraisal policy and enhanced training offerings. We also decided to move to a smaller office space, in line with our commitment to reduce our environmental impact and overhead costs.

Governance

2023 saw a significant strengthening of RFUK’s overall governance including through the:

The Board also approved several new or revised policies aimed at strengthening the organisation, including:

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Safeguarding

In accordance with Article 5.2 of its Articles of Association, the Board authorised the engagement of Josceline Cluff (Safeguarding Trustee) as a consultant to conduct a comprehensive review of RFUK’s safeguarding policy and procedures. This decision was reached during the meeting held on 21 March 2023. The Board determined that this contract was in the best interest of RFUK, aligning with its commitment to maintaining robust safeguarding practices.

During the reporting period, we received an allegation concerning a local partner entity. Following our duty of care, we initiated an investigation and engaged an external expert to thoroughly assess the allegation. After a comprehensive inquiry, the external investigator concluded that the allegation lacked substantiation and warranted closure.

Financial Review

Restricted fund main sources: US Agency for International Development (USAID) £840,431 Norwegian Agency for Development Cooperation (Norad) £367,444 Agence Française de Développement (AFD) £234,166 Hampshire (Montpelier) Foundation £232,389 Arcus Foundation £232,175

Unrestricted fund main sources: Donations and legacies £250,180 Fundraising events £16,425

Direct charitable expenditure accounts for 94% of total organisational expenditure.

Investments and Reserves

The total value of our reserves is £1,345,553 The reserve of restricted funds, £965,602 is held solely for projects expenditure.

The unrestricted funds reserve is £379,951. Unrestricted reserves are held as funds for the organisation’s core costs. The charity’s policy, which is reviewed on a yearly basis, is that unrestricted reserves should not normally fall below £325,000, which is approximately three months of recurrent expenditures. The charity considers it is a going concern as debts are able to be paid as they fall due and the 12-month forecast shows a positive situation.

The charity generally has too little long-term reserves to make investments possible. Any fund reserves are generally held in a short notice deposit account, where they generate limited returns. The charity holds no investment property. Any gains from foreign exchange movements or interest on short-term banking of project grants are reinvested in support of the objectives of the grant, where required by the donor.

The main reason for holding reserves is to ensure that the charity has enough resources to guarantee that our programmes can be supported through to their conclusion or passed on in an orderly manner to another organisation. It is the Foundation’s policy never to commit funds that it does not have, and most project funding is therefore committed only when there are guaranteed long term (almost always external) sources to support it. The restricted funds held by the charity are only kept for as long as is necessary to organise the use of the funds.

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Thanks

We offer special thanks to all the following organisations and individuals, who gave us more than £2,000 each: US Agency for International Development (USAID); Norwegian Agency for Development Cooperation (Norad); Agence Française de Développement (AFD); Arcus Foundation; Rainforest Fund; Samworth Foundation; Tides Foundation; Synchronicity Earth; Size of Wales; Turing Foundation; The Waterloo Foundation; Hampshire (Montpelier) Foundation; Resources Legacy Fund (Earth InSight); The Helen and Michael Brown Charitable Trust; Stichting Otterfonds; Palladium International (Partnerships for Forests); The Swire Charitable Trust; TMG Research GmbH; The Big Give Trust; Impact Fund; Spears-Stutz Charitable Trust; The Bryan Guinness Charitable Trust; Langdale Trust; The Oakdale Trust; The Rhododendron Trust; Ticket Tailor; Carluccio's; Alexander Maass; Dr Elizabeth Baldwin; John West; Aram Matthew; Ariel Korstrom; Kelly Mossman, Michele Martin.

We would also like to offer our sincere thanks to the hundreds of individual donors, fundraisers and volunteers that supported our work over the year.

Plans for the Future

RFUK will continue to implement our 2022-2025 strategic plan encompassing our aims to achieve lasting change for forests and forests peoples. This sets out the strategic approach, guiding outcomes and targets for our programmes as well as those for the supporting fundraising, communications and operational pillars of our work.

For our Monitoring and Rights programme, we will:

For our Research, Advocacy and Campaigns, we will:

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RAINFOREST FOUNDATION UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Public Benefit

The trustees have complied with section 17 of the 2011 Charities Act, having due regard for the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives.

Statement of Responsibilities of the Trustees

The trustees (who are also directors of Rainforest Foundation UK for the purposes of company law) are responsible for preparing the Trustees’ Annual 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 of the incoming resources and application of resources, including the incoming resources and application of resources, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate 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 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.

ON BEHALF OF THE BOARD :

Ms Lucy Claridge

Date: 11th June 2024

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INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF RAINFOREST FOUNDATION UK

FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion

We have audited the financial statements of Rainforest Foundation UK for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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 Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs 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 the charity'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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF RAINFOREST FOUNDATION UK

FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion on other matter prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they 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 Charityʼs 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 Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

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

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

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INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF RAINFOREST FOUNDATION UK

FOR THE YEAR ENDED 31 DECEMBER 2023

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

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. 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 for the audit of the financial statements is located on the Financial Reporting Councilʼs 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. Our audit work has been undertaken so that we might state to the charity’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 charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

……………………………….

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

8 July 2024

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RAINFOREST FOUNDATION UK STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Donations and legacies
Events and other income
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Other
7
Total expenditure
8
Net income for the year
Other gains/(losses)
Transfers between funds
Net movement in funds
9
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 2023
2022
Unrestricted
Restricted
Total
Total

Funds
Funds
Funds
Funds
£
£
£
£
250,180
-
250,180
423,574
16,425
-
16,425
17,323
-
2,549,093
2,549,093
2,559,920
15,396
-
15,396
2,251
282,001
2,549,093
2,831,094
3,003,068
79,528
7,500
87,028
63,008
176,058
2,245,438
2,421,496
2,369,513
63,203
-
63,203
57,870
318,789
2,252,938
2,571,727
2,490,391
(36,788)
296,155
259,367
512,677
(118)
-
(118)
108
-
-
-
-
(36,906)
296,155
259,249
512,785
416,857
669,447
1,086,304
573,519
379,951
965,602
1,345,553
1,086,304

All of the above results are derived from continuing activities.

There were no other recognised gains or losses other than those stated above.

The attached notes form part of these financial statements.

Page | 14

RAINFOREST FOUNDATION UK BALANCE SHEET AS AT 31 DECEMBER 2023

Note
Fixed Assets:
Tangible fixed assets
12
Current Assets:
Debtors
13
Cash at bank and in hand
Creditors: Amounts falling due within
one year:
14
Net Current assets
Creditors: Amounts falling due in more
than one year:
15
Total net assets
Reserves:
Unrestricted funds
Restricted funds
19		 2023
£
£
1,397
313,251
1,196,432
1,509,683
(85,527)
1,424,156
(80,000)
1,345,553
379,951
965,602
1,345,553		 2022
£
£		 2022
£
£
1,799
380,136
901,383
1,281,519
(77,014)
1,204,505
(120,000)
1,086,304
416,857
669,447
1,086,304
1,086,304
416,857
669,447
1,086,304

Approved by the Board of Trustees on 11th June 2024 and signed on its behalf by:

……………………………………

Ms Lucy Claridge Trustee

Company registration no. 07391285

Page | 15

RAINFOREST FOUNDATION UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Note
2023
£
17
Cash flows from investing activities:
Interest income
15,396
Sale/ (purchase) of fixed assets
(562)
Cash provided by / (used in) 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
18
Net cash provided by / (used in) operating activities		 Note
2023
£
17
Cash flows from investing activities:
Interest income
15,396
Sale/ (purchase) of fixed assets
(562)
Cash provided by / (used in) 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
18
Net cash provided by / (used in) operating activities		 2023
£
280,215
14,834		 2022
£
2,251
(1,302)		 2022
£
335,971
949
295,049
901,383		 336,920
564,463
1,196,432 901,383

Page | 16

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting policies

a) 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 - effective 1 January 2019) - (Charities SORP FRS 102) and the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charity'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.

c) 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.

d) Donations of gifts, services and facilities

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

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

e) 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.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Restricted funds are funds which the funder has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

Designated funds are unrestricted funds set aside by the Trustees for particular purposes.

Page | 17

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Accounting policies (continued)

g) Expenditure and irrecoverable VAT

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

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

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. Support costs are allocated between cost of raising funds and charitable activities.

i) Tangible fixed assets

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:

Computer and office equipment 4 years straight line Fixtures and fittings 5 years straight line

j) 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.

k) 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.

l) Creditors and provisions

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

m) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 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.

Page | 18

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Detailed comparatives for the statement of financial activities

Income from:
Donations and legacies
Events and other income
Charitable activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Other
Total expenditure
Net income / (expenditure) for the year
Other gains/(losses)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3. Income from charitable activities
Grants and project income
4. Income from investments
Bank interest		 2022
2022
2022
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
423,574
-
423,574
17,323
-
17,323
-
2,559,920
2,559,920
2,251
-
2,251
443,148
2,559,920
3,003,068
51,008
12,000
63,008
206,794
2,162,719
2,369,513
50,870
7,000
57,870
308,672
2,181,719
2,490,391
134,476
378,201
512,677
108
-
108
-
-
-
134,584
378,201
512,785
282,273 291,246 573,519
416,857 669,447 1,086,304
2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
£
-
2,549,093
2,549,093
2,559,920		 2022
2022
2022
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
423,574
-
423,574
17,323
-
17,323
-
2,559,920
2,559,920
2,251
-
2,251
443,148
2,559,920
3,003,068
51,008
12,000
63,008
206,794
2,162,719
2,369,513
50,870
7,000
57,870
308,672
2,181,719
2,490,391
134,476
378,201
512,677
108
-
108
-
-
-
134,584
378,201
512,785
282,273 291,246 573,519
416,857 669,447 1,086,304
-
2,549,093
2,549,093
2,559,920
2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
£
15,396
-
15,396
2,251
15,396
-
15,396
2,251

Page | 19

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

5. Raising funds

Salary costs
Other costs		 2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
£
64,531
7,500
72,031
52,132
14,997
-
14,997
10,876
79,528
7,500
87,028
63,008

Other costs consist of communications and media, management and office, and the costs associated with staging events and participating in various fund raising events, such as the London Marathon.

6. Charitable activities

Charitable activities
Project activities
Project support costs
Other
Salary costs
Trustees’ expenses
Payroll and professional fees
Safeguarding fees
Audit fees		 2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
£
15,991
1,447,201
1,463,192
1,442,026
160,067
798,237
958,304
927,487
176,058
2,245,438
2,421,496
2,369,513
2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
£
42,917
-
42,917
47,569
5,616
-
5,616
302
4,241
-
4,241
3,999
4,429
-
4,429
-
6,000
-
6,000
6,000
63,203
-
63,203
57,870

7. Other

All the above costs, included in ‘other’, are the governance costs of the charity. The salary costs are apportioned based on time spent. The remaining costs are the actual amounts. The governance costs have been partially met through restricted funds, as agreed by funding providers through their inclusion of ‘core costs’ in the respective budgets.

8. Total Expenditure

Total Expenditure
Raising funds
Charitable activities
Other		 Staff
Other
2023
2022
costs
costs
Total
Total
£
£
£
£
72,031
14,997
87,028
63,008
781,533
1,639,963
2,421,496
2,369,513
42,917
20,286
63,203
57,870
896,481
1,675,246
2,571,727
2,490,391

Page | 20

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. Net income / (expenditure) for the year

This is stated after charging / (crediting):

Operating lease rentals: Property
Depreciation
Auditors remuneration (net amount)		 2023
2022
£
£
71,160
71,740
964
2,537
5,000
5,000

10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2023
2022
£
£
772,993
769,062
92,404
67,878
31,084
26,651
896,481
863,591

One of the employees received employee benefits (excluding both employer's NIC and pension contributions) between £70,000 - £79,999 during the year.

The total employee benefits including Employer's NIC and pension contributions of the key management personnel were £248,664 (2022: £240,546).

None of the trustees received any remuneration during the year (2022: none). There were trustees’ meeting expenses of £5,616 in the year (2022: £302).

The average number of employees (head count based on number of staff employed) during the year was 21 (2022: 21).

11. Taxation

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

Page | 21

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. Tangible fixed assets

Tangible fixed assets
Cost
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year		 Office
equipment
Fixtures and
fittings
2023
Total
2022
Total
£
£
£
£
25,326
21,016
46,342
47,541
562
-
562
1,302
-
-
-
(2,501)
25,888
21,016
46,904
46,342
24,175
20,368
44,543
44,507
640
324
964
2,537
-
-
-
(2,501)
24,815
20,692
45,507
44,543
1,073
324
1,397
1,799
1,151
648
1,799
1,799

All of the above assets are used for charitable purposes.

13. Debtors

Debtors
Prepayments
Accrued income
Other debtors
Creditors: amounts falling due within one year
Bank loans and overdraft
Trade creditors
Taxation and social security
Pension fund
Other creditors
Deferred income		 2023
2022
£
£
31,892
28,423
261,859
328,507
19,500
23,206
313,251
380,136
2023
2022
£
£
40,000
40,000
16,286
17,361
16,889
14,903
6,568
-
3,813
3,348
1,971
1,402
85,527
77,014

14. Creditors: amounts falling due within one year

Deferred income represents amounts received in advance for the events due to take place in next financial year.

Page | 22

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Creditors: amounts falling due after one year

**15. ** Creditors: amounts falling due after one year
2023 2022
£ £
Bank loans 80,000 120,000
80,000 120,000
The bank loans are secured against the charity's assets.
**16. ** Analysis of net assets between funds
Unrestricted
Restricted
Total
funds funds funds
£ £ £
Tangible fixed assets 1,397 - 1,397
Net current assets 458,554 965,602 1,424,156
Long term liabilities (80,000) - (80,000)
Net assets at the end of the year 379,951 965,602 1,345,553
Unrestricted
Restricted
Total
Analysis of net assets between funds 2022 funds funds funds
£ £ £
Tangible fixed assets 1,799 - 1,799
Net current assets 535,058 669,447 1,204,505
Long term liabilities (120,000) - (120,000)
Net assets at the end of the year 416,857 669,447 1,086,304
**17. ** Reconciliation of net income / (expenditure) to net cash flow from operating activities
2023 2022
£ £
Net income / (expenditure) for the reporting period 259,249 512,785
(as per the consolidated statement of financial activities)
Depreciation 964 2,537
Interest received (15,396) (2,251)
(Increase)/ decrease in debtors 66,885 (136,245)
Increase/ (decrease) in creditors (31,487) (40,855)
Net cash provided by / (used in) operating activities 280,215 335,971
**18. ** Analysis of cash and cash equivalents
At the start Other
At the end
of the year Cash flows changes of the year
£ £ £ £
Cash at bank and in hand 901,383 295,049 - 1,196,432
Total cash and cash equivalents 901,383 295,049 - 1,196,432

Page | 23

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

19. Restricted funds - movements

Restricted funds - movements
Funder/Project
Project restriction		 Restricted funds - movements
Funder/Project
Project restriction		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£
USAID - US Agency for International Development
(2020)		 Improving livelihoods and land use in DRC through community forest activity - 840,430 (840,430) - -
Norad - Norwegian Agency for Development
Cooperation(2021)		 Improving livelihoods and land use in DRC through community forest activity 208,187 367,444 (366,237) - 209,394
Tides Foundation(2023) Improvinglivelihoods and land use in DRC through communityforest activity - 24,842 (916) - 23,926
Helen & Michael Brown Charitable Trust(2023) Improvinglivelihoods and land use in DRC through communityforest activity - 94,740 - - 94,740
StichtingOtterfonds(2023) Improvinglivelihoods and land use in DRC through communityforest activity - 30,559 - - 30,559
Palladium International (Partnerships for Forests)
(2023)		 Improving livelihoods and land use in DRC through community forest activity - 28,000 (28,481) - (481)
Swire Charitable Trust(2023) Improvinglivelihoods and land use in DRC through communityforest activity - 25,000 - - 25,000
SynchronicityEarth(2020) Monitoringsustainabilityof communityforests in DRC 1,547 (1,547) - -
SynchronicityEarth(2022) Monitoringsustainabilityof communityforests in DRC 18,167 24,146 (22,087) - 20,226
Turing Foundation (2021) Building an Independent and Sustainable Community Forests Database in
DRC		 (1,807) 1,807 - - -
Turing Foundation (2023) Building an Independent and Sustainable Community Forests Database in
DRC		 - 45,733 (20,195) - 25,538
Rainforest Fund(2023) Communityforests in CAR - 55,832 (55,832) - -
Resources LegacyFund(Earth InSight) (2023) Mappingand MonitoringCongo Basin Threats - 158,963 (98,595) - 60,368
Hampshire Foundation (Montpelier Foundation)
(2023)		 DRC programme and organisational support - 232,389 (30,149) - 202,240
Arcus Foundation (2021) Lomami Landscape Community Engagement for Sustainable Conservation,
DRC		 12,383 - (12,383) - -
Arcus Foundation(2022) Lomami National Park CommunityConservation,DRC 150,726 153,042 (167,087) - 136,681
Arcus Foundation (2023) Congo Basin Apes Habitats and Community Lands Extractive Industries and
Infrastructure Threats		 - 79,133 (77,273) - 1,860
Tides Foundation(2021) Sustainable conservation in DRC 12,981 - (12,981) - -
Tides Foundation(2023) Sustainable conservation in the Congo Basin - 32,500 (27,975) - 4,525
Size of Wales(2022) Understanding patterns of deforestation in DRC 9,159 - (9,159) - -
Size of Wales(2023) Understanding patterns of deforestation in DRC - 15,320 (7,675) - 7,645
AFD - Agence Française de Développement (2023) Legal capacity and participation of environmental defenders in the Republic
of Congo		 - 234,166 (128,667) - 105,499
TMG Research Gmbh(2022) Gender and Land Rights Project in Kenya (5,704) 47,547 (52,345) - (10,502)
Charles Hayward Foundation(2022) Forests,Communities,Climate Change and Food Securityin Cameroon 14,900 - (14,900) - -
Good Energies Foundation (2021) Kemito Ene: sustainable cocoa production to improve Asháninka livelihoods,
Peru		 147,052 - (145,416) - 1,636
Waterloo Foundation (2022) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 17,018 50,000 (40,270) - 26,748
Network For Social Change (2022) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 3,313 - (3,313) - -
Ernest Kleinwort Charitable Trust (2022) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 3,159 - (3,159) - -
Belvedere Trust (2021) Kemito Ene: Forest-friendly farming for sustainable development of
Asháninkapeople in Peru		 3,366 - (3,366) - -
Samworth Foundation(2021) Organisational core funding 75,000 7,500 (82,500) - -
669,447 2,549,093 (2,252,938) - 965,602

Page | 24

RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Restricted funds - movements 2022
Funder/Project
Project restriction		 Restricted funds - movements 2022
Funder/Project
Project restriction		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£		 Balances
Transfers
Balances
b/fwd
Income
Expenditure
to/(from)
c/fwd
£
£
£
£
£
US Agency for International Development (2020) Improving livelihoods and land use in DRC through community forest activity - 737,137 (737,137) - -
Norwegian Agency for Development Cooperation
(2021)		 Improving livelihoods and land use in DRC through community forest activity 117,767 537,184 (446,764) - 208,187
Turing Foundation (2021) Building an Independent and Sustainable Community Forests Database in
DRC		 12,200 41,527 (55,534) - (1,807)
SynchronicityEarth(2020) Monitoringsustainabilityof communityforests in DRC 11,900 - (10,353) - 1,547
SynchronicityEarth(2022) Monitoringsustainabilityof communityforests in DRC - 24,519 (6,352) - 18,167
Rainforest Fund(2021) Communityforests in CAR - 55,889 (55,889) - -
Foreign, Commonwealth & Development Office
(2021)		 Embedding community real time monitoring to sustain livelihoods and forests
in Central and West Africa		 (6,213) 264,550 (258,337) - -
TMG Research Gmbh(2022) Gender and Land Rights Project in Kenya - 18,265 (23,969) - (5,704)
Fondation Ensemble (2019) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 10,590 - (10,590) - -
Waterloo Foundation (2022) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 - 50,000 (32,982) - 17,018
Network For Social Change (2022) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 - 6,378 (3,065) - 3,313
Ernest Kleinwort Charitable Trust (2022) Real time monitoring to empower indigenous peoples to protect the Amazon
rainforest,Peru		 - 7,500 (4,341) - 3,159
Good Energies Foundation (2021) Kemito Ene: sustainable cocoa production to improve Asháninka livelihoods,
Peru		 (19,180) 380,863 (214,631) - 147,052
Belvedere Trust (2020) Kemito Ene: Forest-friendly farming for sustainable development of
Asháninkapeople in Peru		 3,366 - - - 3,366
Arcus Foundation (2021) Lomami Landscape Community Engagement for Sustainable
Conservation,DRC		 123,084 - (110,103) - 12,981
Arcus Foundation(2022) Lomami National Park communityengagement,DRC - 166,048 (15,322) - 150,726
Tides Foundation(2020) Sustainable conservation in DRC 2,848 - (2,848) - -
Tides Foundation(2021) Sustainable conservation in DRC - 27,500 (15,117) - 12,383
Size of Wales(2021) Understanding patterns of deforestation in DRC 10,951 - (10,951) - -
Size of Wales(2022) Understanding patterns of deforestation in DRC - 20,000 (10,841) - 9,159
Charles Hayward Foundation(2022) Sustainable agroforestry - 14,900 - - 14,900
Samworth Foundation(2021) Organisational core funding - 150,000 (75,000) - 75,000
Samworth Foundation(2021) Organisational transformation and innovation 23,933 - (23,933) - -
Other Restricted Funds Other Restricted Funds - 57,660 (57,660) - -
291,246 2,559,920 (2,181,719) - 669,447

20. Acknowledgements

Rainforest Foundation UK would like to thank the companies and organisations (too many to mention here) for their invaluable support during the year.

21. Related party transactions

Rainforest Foundation UK is part of the International Rainforest Foundation Network, which consists of a number of autonomous organisations based in Oslo, New York and London.

In 1989, a Rainforest Fund, which is based in New York, was set up in order to provide funding to the Rainforest Foundation projects. Donations of £55,832 were received during the year (2022: £55,889).

During the year one of the trustees, J M Cluff was paid a sum of £1,200 for safeguarding consultancy services provided to the charity.

Page | 25