OpenSignTM Documentld.. ThzWPjrCof Company Registration Number 07391285 Charity Registration Number 1138287 RAINFOREST FOUNDATION UK REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page no Administrative information 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
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Miss L Brown Ms L Claridge Dr E Clough Ms J Cluff Prof R Coward Ms L Curran Reid Mr S Hoyte (Resigned on 29 February 2024) Ms C Clarke (Appointed on 1 March 2024) Ms C Kabanga Tshali Mr D Morgan MsSNatt Ms O Owczarek Mr R Poore Executive Director Mr J Eisen Registered office Suite 201 Pill Box Studios 115 Covenlry Road London E2 6GG Company number 07391285 Charity number 1138287 Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Audltor Goldwins Limited Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG Pagel I
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report along with the financial statements of the charity for the year ended 31 December 2024. 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 2024 were: Miss L Brown. Ms L Claridge (Chair), Prof R Coward, Dr E Clough, Miss J Cluff (Safeguarding Trusteel, 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 2024, the Programmes were managed by Ms Ana Osuna Orozco, the Finances by Ms Emily Hodge and Operations by Ms Fleur Gatineau and Mr Jan Brulc. Structure, Govemance 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 073912851. 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 IRFUKI. 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 truslees may be sought by open advertisement or through a dialogue with candidales with relevant profiles. The ultimate decision on selection is a matter for the board of trustees. When new trustees are appointed, they are introduced 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 'familV of independent organisations, which includes Rainforest Foundations US and Rainforest Foundation Norway. These organisations, whilst sharing the same mission and objectives, are fully autonomous in terms of funding and govemance. Risk Management RFUK 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 oul appropriate mitigation measures. The register is kept under constant review by the Executive Director and also by the trustees at each board and relevant committee meeting to ensure that adequate systems and procedures are in place to manage the identified risks. The nature of our work - promoting the human rights of local and Indigenous communities in countries with often weak governance - means that we can face significant risks related to security. conflict and other external factors. Page12
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The top three key external risks that the organisation currently faces are: 1. Heightened insecurity and political unrest in the Democratic Republic of Congo, which poses risks to the safety of our staff and local partners; 2. The impact of this instability on our ability to safely and effectively deliver programmes with Indigenous Peoples and other forest communities; and 3. An uncertain funding landscape for forest protection, climate action, and Indigenous Peoples, rights, particularly in light of recent aid cuts in the United States and other donor countries. To mitigate the first two risks, we regularly review and implement robust security protocols, conduct thorough risk assessments, and maintain close engagement with local partners, communities, and authorities. In response to the Ihird risk, we are actively working to diversify our funding base and improve cosl efficiencies to strengthen the organisation's resilience and ability to withstand financial shocks. Status Rainforest Foundation UK is an international non4Jovernmental. non-political, non-religious organisation. The Articles of Association (as amended on 7 January 2025) define the Charity's Objects as being for the benefit of the public. including Indigenous Peoples and other local communities of the world's rainforests.. (a) to advance environmental conservation, protection and improvement, including but not limited to, conserving or assisting in the conservation of rainforests, including all flora, fauna, rivers, waterways and other natural resources therein; (b) to advance the education of the public on the need to conserve rainforests and other natural resources, and the need for a balance of such resources for the long-term benefit of the human race and all other living things; (c) to promote human rights, including the right to self-determination of Indigenous Peoples and local communities of the world's rainforests (as set out in the Universal Declaration of Human Rights and subsequent United Nations conventions and declarations) throughout the world, including by all or any of the following means: (i} monitoring human rights breaches; (li) obtaining redress for victim of human rights abuses-, (iii} providing technical advice to government and others on human rights matters- and (iv) raising awareness of and promoting respect for human rights issues among individuals and corporations, In furtherance of this Object, but not othep4vise, the Trustees shall have power to engage in political activity provided that the Trustees are satisfied that the proposed activities will furtherthe purposes of the Charity to an extentjustified by the resources committed and the aclivity is not the dominant means by which the Charity carries out its Objects. Mission Statement The mission of Rainforest Foundation UK is to support Indigenous Peoples and other communities of the world's rainforests in their efforts to protect their environment and fulfil their rights to land. life and livelihood. Activities The activities carried out by the charity during the period can be broadly grouped into the following thematic areas.. Land and Livelihoods.. RFUK promotes the tenure rights of local and Indigenous communities as the foundation of their self-determined development. We push for laws and policies that recognise community property rights, support participatory mapping and sustainable land-use planning of these areas, and promote vibrant rainforest economies by providing technical inputs, supporting cooperatives and boosting a¢sS to markets. Page13
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Monitorin and Ri hts= Tackling threats to forests and human rights through community-led monitoring, applied research, advocacy and campaigns on the underlying causes of deforestation. and by building partnerships for change. Cross-cutting elements of our work include strengthening civil society and the participation Indigenous Peoples, women and other marginalised groups in the protection and management of tropical forests, and by deploying technologies that reverse power relations and support greater accountability and transparency in forest governance. Approach The charity delivers its charitable objectives in two ways= 11) through direct delivery using its own staff, especially for technical and project management support, research and advocacy" and. 121 through partner organisations. involving substantial support to increase local capacity in the design, implementation and monitoring of projects. The latter constitutes the greater part of the expenditure. It also ensures that RFUK'S work is firmly rooted in local knowledge and expertise. RFUK has found from experience that this approach delivers maximum impact, efficiency and value to the beneficiary groups. 2024 Activities, Achlevements and Perfomiance RFUK'S and our local partners, programme activities in 2024 covered six countries., the Democratic Republic of Congo (DRCI, Republic of Congo IROCI, Central African Republic (CAR), Cameroon, Kenya and Peru, as well as international research and advocacy on climate justice and sustainable biodiversity conservation. Land and Livelihoods ro ramme This programme demonstrated the critical role that Indigenous Peoples and other local communities play in the management and protection of tropical forests. In DRC, our 'Forests for the Future, community forest project with APEM, CAGDFT, GeoFirst, Reseau CREF, PREPPYG and GASHE expanded the area under community control to nearly 155,000 heclares of forest- an area the size of Greater London. With their rights secured, communities were supported to develop simple management plans for these areas and to improve agricultural practices, gain market access and strenglhen value chains. The expansion of the 'Mutuelles de Solidarité, (MUSO) model fostered economic cooperation among women's producer groups, boosting income and creating shared savings and loan systems. These funds help buy tools and seeds, and to reinvest in local development projects, promoting growth and self-sufficiency. Our work also promoted the enabling conditions for community forests to succeed more widely in DRC through capacity-building, policy advocacy and stakeholder convening activities. Community forest roundtables brought together local communities, civil society, government and the private sector to share best practices, while a community forest fair in Mbandaka connected local producers with responsible buyers. Al the policy and institutional level, we supported civil society organisations to advocate forthe inclusion of community forests and other provisions in the draft national forest policy and continued to provide technical assislance lo the Environment Ministry in the management of the National Community Forest Database. This now provides detailed geographical information on 240 concessions in the country covering 4.5 million hectares. The DRC community forest and deforestation monitoring work was supported by the US Agency for Intemational 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 CAR, RFUK and CADD provided agricultural training and assistance to 14 Bantu and Indigenous Bayaka communities grouped in two prospective community forests. supporting their self-led forest management, sustainable livelihoods and pooled access to markets and finance despite the many challenges the country faces with political instsbility and conflict. We also supported the technical contributions of Central African civil society Page14
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 organisations to several ongoing legal reforms in the country including the development of a new forest code, land code and an Indigenous Peoples law. This work was supported by the Rainforest Fund. In Peru, we supported the geolocation of 227 smallholder plots of cacao producers, in the Ene Valley afriliated with our partner Kemito Ene, an award-winning Indigenous-led cooperative in the Amazon, to deploy ForestLink technology to demonstrate traceability of their forest-friendly cacao to tap into rising global demand for deforestation- free products and ensure compliance with stringent EU export regulations. Kemito Ene also achieved a significant milestone by selling 90 tonnes of cocoa beans, reinforcing the potential of sustainable Indigenous enterprises in international markets. Another landmark achievement in 2024 was the First Women's Congress of the Ene, organised by our Indigenous partner CARE. Over 100 Indigenous women gathered to discuss key issues affecting their communities, culminating in the election of 15 representatives. This milestone amplifies women's voices in local governance and ensures their priorities are integrated into regional and national decision-making. The work in Peru was supported by Size of Wales,. and Good Energies FoLJndation. Monitorin and Ri hts ro ramme The programme collaborated with local communities, Indigenous populations and civil society organisations to drive meaningful action against forest crime and rights abuses. Through our monitoring initiatives centred around our ForestLink tool we strengthened communities, ability to protect their forests and connect with law enforcement, improving access to justice. empowering local actors and reinforcing accountability. In Peru, RFUK and FENAMAD made significant strides in forest monitoring, expanding ForestLink's reach in Madre de Dios, southeastern region of Peru's Amazon, from 18 to 30 communities. This strengthened the ability of Indigenous groups to report and respond to environmental crimes, reinforcing local responses to deforestation events. ForestLink alerts supported five operations against illegal mining, leading to arrests, including the capture of four miners in Puerto Luz. This has demonstrated the vital role ofgrassroots, 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. Our work in Kenya with the Kenya Land Alliance, TMG Research GmbH, and Shibuye Community Health Workers addresses the intersection ofgender-based violence IGBV) and land rights violations. Using Haki Ardhi, a community monitoring tool adapted from ForestLink, we tracked hundreds of cases in Taits Taveta, Kakamega and Trans Nzoia counties. Paralegal Iraining enabled communilies lo address violations and support victims, while legal and advocacy follow-up actions ensured greater accountability and access to justice. This work was supported by TMG Research GmbH. In Cameroon, we advanced real-time monitoring of forest threats and strengthened the SNOIE (the Standardised External Independent Monitoring System) methodology, a civil society-led, Iso-certified independent forest monitoring system. Throughout the year, our local partners FODER and EcoDev conducted real-time monitoring missions which enhanced oversight of forests and supported broader civil society adoption of SNOIE. This work was supported by the AgenGe FranGaise de Developpement (AFD) and Earth Insight, a project of Resources Legacy Fund. In the Republic of Congo, our project with CJJ and ClientEarth strengthened environmental defenders, legal capacity to defend forests and rights. Community monitoring identified several issues such as illegal foresl exploilation, land rights violations, GBV, misallocation of development funds, discrimination against Indigenous Peoples and human- wildlife conflicts, leading to follow-up and enforcement actions. It also supported the development of a draft legal order on community forests. If adopted, this would represent the first time in the counlry that communities will be able to claim collective rights to their forests. This work was supported by the Agence FranGaise de Développement (AFD)," Hampshire (Montpelier) Foundation," and Earth Insight. a project of Resources Legacy Fund. In DRC, we tackled threats from extractive industries, particularly oil and gas, mining and logging, through awareness-raising, community-led forest monitoring and advocacy. Partnering with APEM, GASHE, Reseau CREF and DGPA, we trained local monitors in ForestLink and expanded its use in Equateur. South and North Kivu provinces, as well as supporting verification missions and law enforcement actions. This work was supported by the Schmidt Family Foundation I Ith Hour Project, Hampshire (Montpelier) Foundation.. Arcus Foundation and Earth Insight, a project of Resources Legacy Fund. Page15
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 This year also marked the launch of ForestEye. an innovative mapping tool that offers local communities and grassroots organisations easy access to high-resolution, regularly updated, localised deforestation analysis. Designed for low-connectivity areas, this web-based platform enhances their ability to combat deforestation, defend Indigenous and community territories. generate evidence of forest crime and enforce environmental protections. Research Advocac and Cam ai ns RFUK'S campaigns played a critical role in addressing industrial threats to tropical forests whilst also challenging the false climate solutions to forest loss that disproportionately impact those least responsible for the ecological crisis. Amid intense advocacy by our civil society partners and local communities, the DRC hydrocarbons minister cancelled a controversial auction of 27 oil blocks that potentially threatened millions of hectares of primary forests and peatlands. We supported a new civil society-led campaign 'Our Land Without Oil. to resist future harmful oil exploitation and to promote a low-carbon future for the country. RFUK continued its efforts to sustain and accompany the work of local and national civil society, supporting the establishment of Réseau EDH (Engagement Environment et Droits Humains) - a network of 17 leading Congolese civil society and Indigenous organisations intended to better coordinate informalion flows between Kinshasa, the provinces and local levels and to amplify the campaigning and advocacy of its members. Through our Climate Justice Strategy, we supported local communities in the Congo Basin to understand and exercise their rights concerning harmful industries and offset projects. As well as disseminating awareness-raising tools in local languages, we documented the exponential increase and social impacts of carbon projects in the DRC and promoted an alternative non-market funding architecture for forests. "Beyond Offsets,, a joint publication with Forest Peoples Programme and Fem, outlines sources of such funding. such as progressive taxation and the redirection of environmentally harmful subsidies, as well as the channels through which this funding can more directly and equitably reach frontline communities. Our Sustainable Conservation and Human Rights campaign continued to address the severe human toll of'fortress conservation, while promoting righls-based alternatives to forest protection. In collaboration with CAD, we supported local communities living around Ntokou-Pikounda National Park in the Roc who have faced alarming rights abuses, including mistreatment by 'eco-guards', arbitrary arrests, and restrictions on their freedom of movement, to seek recourse and call for a new park management regime. RFUK published research covering dozens of protected areas in the Congo Basin, which despite having made some progress some progress on human rights awareness, still offer insufficient protections or recourse to impacted local communities and Indigenous Peoples. Our 'Righting Wrongs, report urges accountability and redress for the past and ongoing harms caused by such projects and highlights the pressing need for culturally appropriate, independent and sufficiently resourced Grievance and Redress Mechanisms (GRM). This campaign also had an international component. In Oclober, RFUK supported several of our local partners to participate in Biodiversity COP15 in Colombia where they mel with global policy makers to call for Indigenous and community-led approaches lo achieving the UN global target of conserving 30 percent of the earth by 2030130x30}, among other issues. In December, RFUK and our partners were able to advocate for several community protections in the 'Couloir Vert, in DRC, one of the world's largest protected areas the size of France that extends from Beni in the easl of the country to Kinshasa in the south-west. These include a legal requirement for any large development or conservation project within the zone to obtain the free, prior and infomed consent (FPIC) of local communities and commitments to promote the participatory governance of Ihe reserve. It's creation also necessitated an amendment to DRC'S 20214 nature conservation law to introduce the concept of a 'community protected area'_ the first time Ihat such a category has existed in the country. Our research and campaign activities were supported by various donors including the Schmidt Family Foundation I Ilh Hour Project,. Arcus Foundation,. Hampshire (Montpelier) Foundation and,. Big Give Trust. Partnershlps 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 govemance structures. The contractual agreement is determined through Page16
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 close dialogue beeen RFUK programme staff and potential partners. Partnership agreements are monitored with strict financial controls and due diligence procedures, in line with RFUK'S internal guidelines and requirements. Programme stsff 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 RFUK 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 lo a stringent ethical review process. Our fundraising mix is regularly reviewed according to a range of factors including charilable needs, likely return on investment and projected levels of free reserves. Fundraisin standards: We are members of the Chartered Institute of Fundraising (loF) and the Fundraising Regulator, and as such abide by the Code of Fundraising Practice. We abide by the Fundraising Regulatorfs Fundraising Promise, and strive to ensure our fundraising is open, honest. legal and respectful. We operate an 'opi- in, model of freely given, specific. informed. unambiguous consent for contact. whether that be via email, post or the telephone. Fundraisin 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 supporl 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. Monitorin of fundraisin activities and rotectin eo le 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 ofsubterfuge 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 always treat the public sensitively and respectfully, 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 Inveslmenl) Act 2016, the Mental Capacity Act 2005, as well as with the loF's Treating Donors Fairly guidance, and the Direct Marketing Association's Guidelines for Dealing with Vulnerable Consumers. Com laints: We are always sory 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 dissatisfaclion, 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 Ihe fundraising code, a lapse in our high standards, or a concern raised where an investigation has been instigated. In 2024, we received no such complaints. Communlcatlons Our communications in 2024 included the management of our three websites (rainforestfoundationuk.org, mappingforrights.org and forestlink.org) and social media channels (X. Facebook, Instagram, Linkedln and YouTubel as well as direct supporter communications through newsletters and appeals. Overthe course of the year, we also published several publications, briefings and map stories, featured in several international and specialist media outlets and spoke at numerous international conferences and meetings on rainforest and human rights related issues. Page17
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Operations and Finance Throughout the year, we made significant improvements to our operational, compliance and financial functions, ensuring delivery of our programmes is supported by robust internal systems, policies and procedures. This included consolidating our Finance and Operations team, enhancing our internal controls, continuing to upgrade our IT systems and cybersecurity measures, and strengthening our HR procedures. We also moved to a smaller office space, in line with our commitment lo reduce our environmental impact and overhead costs. Governance In 2024, the Board of Trustees convened quarterly, maintaining attendance rate exceeding 90%. To enhance governance effectiveness, the Board operates through three committees.. the People Committee. Finance, Risk and Compliance Committee., and Communications and Fundraising Committee. These committees met six times throughout the year to advise and decide on specific aspects of RFUK'S operations. Overall. 2024 saw the strengthening of RFUK'S overall governance, including through the.. Recruitment of a new trustee to repla a retiring trustee; Revising the Charity's Objects- to more accurately reflect the activities of the organisation and to allow it to continue to be effective; Establishing a Communications and Fundraising Committee, which provides guidance and support for communication and fundraising initiatives to enhance visibility. public engagement, and financial sustainability, The Board also approved several new or revised policies aimed at strengthening the organisation, including.. Complaints Policy- to enhance ways to report and channel safeguarding and whistleblowing complaints to the responsible RFUK staff and trustees: New Digital Engagement Strategy- to support delivery of our programmes, campaign and fundraising goals., Code of Conduct - to protect the well-being of anyone who comes into contact with the organisation and to explicitly outline the expected behaviours of our representatives- Modern Slavery and Human Trafficking Policy - to enhance prevention and eradication of modern slavery and human trafficking in all of our work- Data Protection Policy - outlining our handling of personal data in line with data protection standards and legal requirements. Safeguarding During the reporting period, we received one allegation regarding a staff member working for a local partner, which led to an initial investigation conducted by an independent Safeguarding investigator, who determined that the complaint could be closed with no further investigation warranted. There were no other safeguarding complaints or incidents recorded during the reporting period. We continue to develop our systems, processes and policies in this area. Among other policies our Safeguarding, Whistleblowing and Complaints policy are available on our website. Modem Slavery The Board approved a new Modem Slavery and Human Trafficking policy. This policy upholds our commitment to preventing and eradicating these practices in all their foms. We adhered to the Modern Slavery Act 2015 by conducting due diligence, risk assessments, and training, and by cascading our policy to ensure compliance across all our programmes. No cases of modem slavery of trafficking were reported or discovered in 2024. Page18
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review Restricted fund main sources: US Agency for International Development (USAID) £861.703 Norwegian Agency for Development Cooperation (Norad) £393,033 Schmidt Family Foundation £266,567 Hampshire {Montpelier) Foundation £227.732 Arcus Foundation £227,194 Unrestricted fund main sources- Donations and legacies £349.871 Fundraising events £14,589 Direct charitable expenditure accounts for 95% of total organisational expenditure. Investments and Reserves The total value of our reserves is £1,475,857. The reserve of restricted funds. £1.016.731 is held solely for projects expenditure. The unrestricted funds reserve is £459.126. 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 £400,000, 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 litlle 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 RFUK'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 {almosl 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. 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 FranGaise de Développement (AFD); Arcus Foundation. Rainforest Fund: Samworth Foundation,. Tides Foundation., Synchronicity Earth.. Size of Wales,. Hampshire (Montpelier) Foundalion- Resources Legacy Fund {Earth InSight}', The Schmidt Family Foundation,. The Helen and Michael Brown Charitable Trust- Palladium International (Partnerships for Forests); TMG Research GmbH', The Big Give Trust,. Langdale Trust; The Rhododendron Trust; Ticket Tailor., Carluccio's- Ernest Kleinwort Charitable Trust, NeOrk for Social Change,. Souter Charitable Trust; Summerhill Trust., The Britiord Bridge Trust,. The Ericson Trust., Mr John Robb; the late Mr Geoffrey Dawson. 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 In 2025, RFUK will launch a 10-year vision for a new era of forest protection that hamesses the power of grassroots and Indigenous organisations, fosters a new generation of forest defenders and builds communities of practice in key strategic areas to deliver impact at a much-enlarged scale. Public Benefit The trustees have complied wrth 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. Page19
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 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 ststements 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 forthat period. In preparing these financial statements, the trustees are required to= select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 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- there is no relevant audit information of which the charitable company's auditor is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that. 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 Uniled 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: 24 June 2025 Page | 10
OpenSignTM Documentld.. ThzWPjrCof INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RAINFOREST FOUNDATION UK FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion We have audited the financial statements of Rainforest Foundation UK for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balan 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- give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its income and expenditure for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK}} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit ofthe financial ststements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded Ihat 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 wilh respectto going concem 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 auditor's 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 infomiation is materially inconsistent wilh the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misslated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statemenls or a material misslatement 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. Pagel 11
OpenSignTM Documentld.. ThzWPjrCof INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RAINFOREST FOUNDATION UK FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit". the information given in the trustees, report (incorporating the directors, report) forthe financial year forwhich the financial statements are prepared is consistent with the financial statements,. and the trustees, report (incorporating the directors. report) have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understsnding of the Charity and its environment obtained in the course of the audit, we have not idenlified 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: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us- or the financial ststements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of the trustees As explained more fully in the Trustees, Responsibilities Statement. the truslees (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 Charity's ability to continue as a going concern, disclosing, as applicable, rnatters related to going concem 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 bul to do so. Our responslbllltles for the audlt of the flnanclal 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below. Page | 12
OpenSignTM Documentld.. ThzWPjrCof INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RAINFOREST FOUNDATION UK FOR THE YEAR ENDED 31 DECEMBER 2024 In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our prOdureS included the following= We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to the intemal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. We inspected the minutes of meetings of those charged with governance. We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. 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 regulalion. 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 Council's website at.. Iwww.frc.org.ukJauditorsresponsibilities]. 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 26 June 2025 Page | 13
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total Funds 2023 Total Funds Unrestricted Funds Restricted Funds Note Income from: Donations and legacies Events and other income Charitable activities Investment income 349,871 14,589 349,871 14,589 2,540,760 20,498 250,180 16,425 2,549,093 15,396 2,540,760 20,498 Total income 384,958 2,540,760 2,925,718 2,831,094 Expenditure on: Raising funds Charitable activities Other 84.059 172.790 48.247 16,934 2.472.697 100,993 2,645,487 48,247 87.028 2,421.496 63,203 Total expendlture 305,096 2,489,631 2,794,727 2,571,727 Net income for the year 79,862 51,129 130,991 259,367 Unrealised gainl(lossl on foreign currency (687) 16871 11181 Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward 79,175 51,129 130,304 259,249 379,951 965,602 1,345,553 1,086,304 Total funds carried forward 16 459.126 1,016,731 1,475,857 1,345,553 All of the above results are derived from continuing activities. There were no other recognised gains or losses olher than those stated above. The attaGhed notes form part of these financial slatements. Page | 14
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed Assets: Tangible fixed assets 12 4,882 1,397 Current Assets: Debtors Cash at bank and in hand 13 333.873 1.311,659 1.645.532 313,251 1.196,432 1.509.683 Creditors: Amounts falling due within one year: 14 (134,557) (85,527) Net Current assets 1.510.975 1,424,156 Creditors: Amounts falling due in more than one year: 15 (40,000) (80,000) Total nel assets 1,475,857 1,345,553 Reserves.. Unrestricted funds Restricted funds 459,126 1,016,731 379,951 965,602 19 1,475,857 1,345,553 Approved by the Board of Trustees on 24 Junc 2025 and signed on its behalf by: Cla Trustee Company registration no. 07391285 Page | 15
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2024 2023 2023 Nel cash provided by l (used in) operating activities 17 100,194 280,215 Cash flows from investing activities: Interest income Salel {purchasel of fixed assets 20.498 {5.465) 15,396 (562) Cash provided by l (used inl investing activities 15,033 14,834 Change in cash and cash equivalents in the year 115,227 295,049 Cash and cash equivalents at the beginning of the year 1,196,432 901,383 Cash and cash equivalent8 at the end of the year 18 1,311,659 1,196,432 Page | 16
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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 20191- (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 Ihat 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 facililies 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 accordan with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the truslees, 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 nomally upon notification of the interest paid or payable by the bank. Q 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
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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.. Costs of raising funds comprise of trading costs and the costs incurred by the charity in inducing third parties to make voluntary contributions to it. as well as the cost of any activities with a fundraising purpose. Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs. 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 cosls, 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 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 exptIOn of bank loans which are subsequently measured at amortised cost using the effective interest method. Page | 18
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. Detailed comparatives for the statement of financial activities 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total Funds Income from: Donations and legacies Events and other income Charitable activities Investment income Total income 250,180 16,425 250,180 16,425 2,549.093 15,396 2,831.094 2,549.093 15,396 282.001 2,549,093 Expenditure on: Raising funds Charitable activities Other Total expenditure 79,528 176,058 63,203 318,789 7,500 2,245,438 87,028 2,421,496 63,203 2,571,727 2,252,938 Net income l {expenditurel for the year (36,788) 296.155 259,367 Other gainslllosses) (118) (118) Transfers beeen funds Net movement in funds (36,906) 296,155 259,249 Reconclllatlon of funds: Total funds brought forward 416,857 669,447 1,086,304 Total funds carrled forward 379 951 965 602 1345 553 3. Income from charltable actlvltles 2024 Total 2023 Total Unrestrlcted Restrlcted Grants and project income 2.540,760 2,540,760 2,540,760 2,540,760 2,549,093 2,549.093 4. Income from investments 2024 Total 2023 Total Unreslricled Restrlcted Bank interest 20,498 20.498 20.498 20.498 15,396 15,396 Page | 19
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 5. Raising funds 2024 Total 2023 Total Unrestricted Restricted Salary costs Other costs 59.956 24.103 84,059 16,934 76,890 24,103 100,993 72,031 14,997 87,028 16,934 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 2024 Total 2023 Total Unrestricted Restricted Project activities Project support costs 32,219 140,571 172.790 1,460,909 1,011,788 2,472,697 1,493,128 1,463,192 1,152,359 958,304 2,645,487 2,421.496 7. Other 2024 Total 2023 Total Unrestricted Restricted Salary costs Trustees, expenses Payroll and professional fees Safeguarding fees Audit fees 32,467 673 4,795 4,312 6,000 48,247 32,467 673 4,795 4,312 6,000 48.247 42,917 5,616 4,241 4,429 6,000 63,203 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 Staff costs Other costs 2024 Total 2023 Total Raising funds Charitable activities other 76,890 932.458 32.467 1,041,815 24,103 1,713,029 15.780 1,752,912 100,993 87,028 2,645,487 2.421,496 48,247 63,203 2,794,727 2,571,727 Page | 20
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. Net income l (expenditure) for the year This is stated after charging l (crediting).. 2024 2023 Operating lease rentals: Property Depreciation Auditors remuneration (net amount) 44,491 1,980 5,000 71,160 964 5,000 10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows.. 2024 2023 Salaries and wages Social security costs Pension costs 898,437 106,129 37,249 1,041.815 772,993 92,404 31,084 896,481 Orse of the employees received employee benefits (excluding both employerfs NIC and pension contributions) between £70,000 - £79,999 during the year. The total employee benefits including Employerfs NIC and pension contributions of the key management personnel were £251,13612023'. £248,664). None of the trustees received any remuneration during the year (2023: none). There were Irustees, meeting expenses of £673 in the year {2023'. £5.616). The average number of employees (head count based on number of staff employed) during the year was 22 (2023. 21). 11. Taxatlon Th8 charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. Page | 21
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tangible fixed assets Office Fixtures and equipment fittings 2024 Total 2023 Total Cost At the start of the year Additions in year Disposals in year At the end of the year 25.888 1,917 21,016 3,548 21.016 46,904 5,465 21,016 31,353 46,342 562 27,805 46,904 Depreciation At the start of the year Charge for the year Eliminated on disposal At the end of the year 24,815 20,692 1.034 21,016 710 45,507 1,980 21,016 26,471 44,543 964 25,761 45,507 Net book value At the end of the year 2,044 2,838 4,882 1,397 At the start of the year 1,073 324 1,397 1,397 All of the above assets are used for charitable purposes. 13. Debtors 2024 2023 Prepayments Accrued income Other debtors 15,045 291,070 27.758 333,873 31,892 261,859 19,500 313,251 14. Credltors: amounts falllng due wlthln one year 2024 2023 Bank loans and overdraft Trade creditors Taxation and social security Pension fund Accruals Other creditors Deferr8d incom8 40,000 35,124 13,664 40,000 16,286 16,889 6,568 38,419 2,710 4,640 134,557 3,813 1,971 85.527 Deferred income represents amounts received in advance for the events due to take place in next financial year. Page | 22
OpenSignTM Documentld.. ThzWPjrCof RAINFOREST FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Creditors: amounts falling due after one year 2024 2023 Bank loans 40,000 40,000 80,000 80,000 The bank loans are secured against the charity's assets. 16. Analysis of net assets between funds Unrestricted Restricted funds funds Total funds Tangible fixed assets Net Gurrent assets Long term liabilities Net assets at the end of the year 4,882 494,244 40,000 459,126 1,016,731 4,882 1,510,975 40,000 1,475,857 1,016,731 Unrestricted Restrlcted funds funds Tolal funds Analysis of net assets between funds 2023 Tangible fixed assets Net current assets Long term liabilities Net assets at the end of the year 1,397 458.554 180.000) 379,951 1,397 1,424,156 (80,000) 1,345,553 965,602 965,602 17. Reconcilialion of net income l (expenditure) to net cash flow from operating activities 2024 2023 Net income l (expenditure) for the reporting period (as per the consolidated statement of financial activities) Depreciation Interest received (Increase}I decrease in debtors Increasel (decrease) in creditors Net cash provided by l {used in) operating activities 130,304 259,249 1,980 120,4981 120,622 9,030 100,194 964 {15,396} 66,885 {31,487) 280,215 18. Analysis of cash and cash equivalents At the start of the year Cash flows Other At the end changes of Ihe year Cash at bank and in hand Total cash and cash equivalents 1,196,432 1,196,432 115,227 115,227 1,311,659 1,311,659 Page | 23
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