Report and Financlal statements forthe year ended 30 November 2023 for Borneo Nature Trust Re8lstered Charlty No.: 1142870 Borneo Nature Trust 30 Novemb￿ 2023 PaBe Informatlon SheEt Report of the T¥u51ees Report of the Independent Examlners Staietnent of Flrtanclal Actlvltles BalatKe Sheet Notestothe Nnancial Statements Borneo Nature Trust Refeience and admlnlstratfve infomlatlon 30 November 2023 YRUSTEES., Or. D J Chlvers Ms. E Monks Ms. C S McLardy Dr. S Page Ms. V H Smlth REGISTÉRED OFFICE: T￿moU￿h Innovatlon Ceptre Penryn Campus Penryn Cornwall TRIO 9TA REGISTERED C+IARITY NUMBER: 1142870 INDEPENDENT EXAMINÉR: A.N. aifle 141cholas Cllffe & Co. Limited (hartered Accountants Mill House Mlll Court Great Shelford Cambridge CB22 SLO 8ANKERS.. HSBC Bank pk 65 Cornmarkel Street Oxlord Oxfordshlre OXI 3HY Borneo Nature Trust Report of theTrustee$ 30 November 2023 TheTrustees preseni thelr report wilh thÈfinanclal statements of the Charfty forthe year ended 30 November 2023. The Trustee5 conflrm that the annual repDrt and fltianttal Statements of the charlty tomp1y with the CL¢rreTrt stat￿tary qulrements, the reoulrements ol the tharSty's governlng document and the provlslons of Statement of Re¢ommerKled Pr￿Ike ISORPI"Accountingind Reportlng by char￿leS. Issued In October 2019. STRUCTURE. GOVERNANCEAND MANAGEMENT The Borneo N8turÈ Trust IBNTI Is govemed by a Trust Deed dated 14 July 2011. The Charlty Is an uolncorporated a$$o¢latlon underthe control of its Tru5tee5. Fundlng for the Chai6rVs a¢tlvltles wlll be sought from exlstlng tharltable sources as well as Its own range of fU￿raIsIng opportuTrltle5. Itls the intentlon of BNTtiJ partnEr with Indlvklua15, companles and othÈr tharitlÈs In thE pur5uIt of hs alms. TRUSTEE RECRUITMENT PROCESS In accordan￿ with the Chaihle5 Commlsslon dlrectlves, Trustees are Inviied tololn the committee and upon acceptance are required to complete a standard Applltation FDTtn and 1ssuÈd wlth ruJES and regulatlons set out IrE the Commlsslon's document CC3a. In additlon, Trustee$ are asked to abldè by BNT'S confidentlallty rules as set out on the reverse of their acceptance letters. Trustees a￿ requlred to attend at least two meetlngs 3nnually. They may reslgn from the ¢tsmmittee at any tltThe, at whlch point a repl￿rnent would be d45CU5sed and Invited ta apply. A Choif 15 elected annually by vote leach Trustee hos an equal vote). OBJECTIVES AND ACTIVITIES BNT was formed to promote ¢onseNatlon of blologlcal dlverslty In Indoneslan Borneo, to advan￿ tho edu¢atlon of the publlc regarding troplcal brod5versity co¢)servation In Indoneslan Borneo and to promote sustalnable deveb)pment for the benefit of the publ[¢ by the pre5ervatlon, conseNatlon and protertlon of the envlronment. SUMMARYOF MAIN ACfNITIES UNDERTAKEN IN RELATION TO QBJEcllvE5 In 2023, the Char￿V transltloned from tradlng through the Trust to tradlng through a charstab￿ Incorporated Organlsatlon IBDrneo Nature Foundatlon Internatlonal. Charfty Number 11943591 resultlng In Trust actlvkles belog p￿QMInantty Ilmlted to hlsiorlc donatlons. PERFORMANCE ANOACHIEVEMENTS Durin8 the year thÈ fijnd d15trlbuted lunds totallng £18,60112022- £S43,3661 dlrÈrtly to The Bomeo Natu￿ FoundatloD in support of Conservatlon, edu¢arion aod systalnable developmeni efforts in Indonesian Borneo. The funds are v5ed to support the followlng a¢tlvlties: Edu¢atloTh and outreach for conservavon Flre-flghtlngfor habltat prtstectlon Patrol reams for conservlftg, protetting and monStorlng the forest Monltorlng of the resldent prlmate populations FINANCIAL REVIEW The Charlty recorded a net surplus In ihe year of £12.832 compared to a defklt 01 £29,156 In 2022, wlth Incomlng resoU￿e$ decreasln8 by £450.Ull from £517.732 2022 to £67,721 thls year a5 the Chailty transkkbned fiom tradlng through the Trust to tradlThg through a Char4t8ble Incorporated OrgaThisatbn. No restrkted funds are ITr defldt. Borneo Nature Trust Report ofthe Trustees Icontlnuedl 30 November 2023 FUND5 HELD AS CUSTODIAN TRUSTEE No funds aT2 held a5 CUStodlan ttiistee. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charltle5 Act 1993 require5 the tru5tÈes to prepare flnarKlal statements for each linanclal year, Eivlng a revlew of th £harlt¢s actwltles durfng the year and showlng ￿ financial pos5tion at the end of the year. In preparlng those flnanclal statements, the tru5tee5 should follow best practlce and.. select suitable attountlng pollcles and then apply them cons15tently, makeludgements and estlmatesthal are rea50n3ble and prudent,. prepaie the fI￿ar￿la1 statements on the goln8 concern basls Un￿5$ It Is IrKpproprlate to presume th&t the charlty will ¢ontlnue In buslness. The trustees are reSponsIb￿ for keeplni properaccountlng records whlch dlsclose wlth reaSc￿3b1e accuracy at any tlme the flnanclal poslth)n of the company and to enable them to ensuie that the fftnanclal statements comply wlth the Charities Act 1993. Thry are also responslble for safe8uardiNg the assets ¢f the chzrlty arvj hence for taki￿8 reasonable step5 for the preventlon and detectlon of fr8ud and other Irre8ulafitles. INDEPENDENT EXAMINERS The Independent exarnlners are Nlchola5 alffe & Co. Llmlted, Chartered A¢couniants, of Gtoatshelford, Cambrldge. Approved by the Tw5tees on 2024 and 5I8ned on thelT behalfr. Ms. V H Smith slee Borneo Nature Trust Rewt of the Independent Examlner 30 November 2023 I report onthe accounts of The 8orneo NalureTrust for the yèarended 30 November 2023. R¢$pe¢ilve responslbllltle5 of tru5tee5 and examlner The TrustÈes are responslble for the preparatlon of the 8cwunt& The Trustees con5tderthat an audlt Is not required for thls perlod U[￿er sectlon 43121 of the Charltles Act 1993 Iihe 1993 Act) and that independent examlnatk)n Is needed. Havln8 satlslled myself that the char5ty is not subject to an aUd￿t under company law and Is ellElble for Independent exarrtinallon, it Is my resFK)nslb]IY(yto: Examine the accounts under 5ectlDn 43 of the 1993 Act,. follow the protrdu¥e5 lald Ilown In the general dlrectlons Efven by the Charitles Commlsslon lunder se¢tlon 4317llbl of the Act, as arnendedl: and state whether partlcular matters have come to my atientlon. Basls ol Independentemamlnèrfs rep¢)rt examlnèiion w£s carrled In accordance wlth the General Directlons 8lven by the Charlty Commlssiots. An examination includes a revlew ol the accounting records kept by the charity and a comparison of the accounts presented wlth those re¢ords. It also Includes conslderatlon of any unusual Items or dlsclosu¥es In the accounts, and the 5eeklng of explanatlon5 from you as trustee5 concernlng any such matters. The prrxedures urNIErlaken do not provlde all the ev￿enCe that would be requlred In an audlt and. conse4uentlyi no opinlon Is glven as to whetherthe a¢couhts present a 't¥ue and falr view, ond the report ￿ Ilmited to tht)se matters setoJt In the ststement below. Inde￿Thdent examlnerfs 5taEem•nt In wnnectlon wlth my examlnatlon, no matter has Come to ourattentlon.. 111 whlch 8lves me re450ft4ble ￿use to belÈeve tha4 In any materlal respect, the requlrements.. to keep accountlng records In a¢tord8nce wlth S￿lI0n 41 of the Act,. and to preparE accounts whlch atwrd wlth the accouDtln8 rewrds ¥nd to comply w5th the accountlng requlrements of the 1993 Act have not been met,. or 121 to whlch, in my oplnlon, attenti£￿ slKJuid be drawn In order to enable a proper underslandlng of the account to be reached. Dated.. A N CIKFe forand on behalf ot Nlcholas ciwfe & Co. Llrn￿ed Char￿red Aceountants Mill House hrtlll Court Great Shelford Cambridge CB22 5LD Borneo Nature Trust Statement of Flnanclal Actlvltle5 30 November 2023 Re#￿ted funds iknrestrlcted funds Tgt&l Total 2022 2023 Incomln8 iesou¥£es Volunt2rylncome Incomefrom 8ttlvltles generatin8futtds Incomefrom chèrltsble 3cfjvitks OthÈrlrtceme 3fj,626 31,0gS 67,721 517.422 286 24 Total Intomlng resources 36.6Z6 31,095 67,721 517,7a2 Resour¢e5 expeDded Cc5tof eeneratlng voluntary IncomÈ C05t Df charitable aCt]￿tIeS Govermnce Other re50urce5 ￿pended 48,309 4,740 61 48,509 4.740 1,840 543,366 750 2,772 1,779 rotal rqsouTce$ expeNted 1,779 53,110 S46￿88 Net InmIn￿ loutgdngl resour¢es 34,847 122,0151 12,832 129,1561 Tr4nsfer5 bÈtt¥Èenfunds Netmovement In lund51or Iheyear 26,998 7.849 12,812 129,1561 Balance broughtlorward 136 136 29.292 Balwnce Carrted forward 7,849 156 All Incomlng ￿SOUrceS and resource5 exwnded d￿1Ve from corst1n￿4rV& actlvkie5. The notes on pa8es 7 to 8 form partof thesÈ financlal st8temeThts. Borneo Nature Trust Balante Sheet 30 November 2023 2023 2022 Current assets Cash at bank and In hand 14,618 Cred5tors: amounts falllng due wlthln one year 750 Net curreDiassets 136 Total asset5 less ¢uiient11obllllle5 Reserves Restrlcted Fund5 u￿restrICted Fund5 7,849 ON BEHALF OF THE TRUSTEES: Approved by the Trustees o 2024 aThd slgned on thelr beh81f. .VHSmith- stee Borneo Nature Trust Notes to the Flnancial Staternent5 30 November 2023 ACCOUNTING POLICIES Accountlng conventlon The flnanclal statements have been prepared underthe hlstDrlEal cost ￿nVentIOn and In accotdance vllth appllcable attountlng standards and In compllarKe with StatemeTrt of Ilecommended Prattl￿ on A¢¢ountlng by Charltles. Iwome Income rÈcelvable In cash as grants and donatlon51s Included In full In the statement of financlal attivltles as swn as It Is ascertalnable. Mlscellaneous sales and bank Interest are rÈtognlzed on recelpt. IdÈntTrFl8ble Income provlded In kfnd Is recoenlted as both Income aTrd expeThditure. Resources expended ResourtÈs expended are allDC8ted tothe dlfferentfunds asthe cost5 ar15e. Funds Restrl¢ted lunds consLst of monles provlded by granl or donatlon foT speclfic purp05e& Designated lund5 con$151 of monies earmarked by the Twstees for speclflc purp05es. Unre5trlrted fund5 COT1515t of monies piovlded foi general chailtabtÈ artlvlties. INCOMING RESOURCES 30.11.23 30.11.22 Voluntary Income Donatknns TOP IRestrlrtedl Donation5 re OAUK (Restrletedl General donatlons Iunrestylctedl 36,626 31,095 517,708 67,721 Other lfjcomp Bank Interesi re￿1Ve￿ 24 67,721 517,732 RESOURCES EXPENDED 30.11.23 30.11.22 Cost of 4eneratln8 voluntary Intome nd-rntslngcosts Cost of chirltableattlvltke$ Donatbn ¢0 Bomeo Nature Fourxlatlon Other donatloDs and charges 18.601 26,731 543.366 45.332 543,366 Borneo Nature Trust Notestothe Flnanclal Statements 30 November 2023 AESOURCES EXpEN￿D ¢Onllnued 30.11.23 30.11.22 GoverDance Independent examlnatlon Trustees, expense5 4.740 750 4,740 750 Other costs 8at)k charges and other 1.840 2,772 IA40 3,522 CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR 30.11.23 311,11.22 Accrued expenses 1,650 750 ANALYSIS OF NET A55ETS BETWEEN FUNt>s Rostrkted Unrestrlcted Funds Funds T¢)tal Funds Cur￿t)t assets Current Ilabllltles 7,849 6,769 11.6501 14,618 1,6501 Net assets 7.849 5.119 12,968 TRVSTEEY REMUNERATION ANLI EXPENSES No trustees recelved remuneratlon orthe relmbursement of expenses In the years ended 30 November 2023 or 2022.