2025-03-31-accounts

sequestration lliiiiNINII *AEBIIII•JA• (￿MpA￿Es HOUSE Rep)rtand Accounts Year ended 31 March 2025 uestrusLo col￿nY number. 07611￿9 Registered Charity: 1143397

the ecological sequestration trust Contents P*g• Company wdonnat ependent eXaMw￿$ wort TW$t￿ rwort Statement of fKwn¢ial a¢iivilie 12 13 Notes to tNwncial stat&7WI$ 15 P8gB 2

the ecological sequestration trust Company infomiation forthe ear ended 31 March 2025 Trnsle Prole5sor Peter He&1 ￿E FREr¥J FRSA Pmfessor NiLfjy Shth 08E FREng Barbara Ryan Fb)bin Slott The E¢ologlul Sequ••tr•ilM Tntst is • th¥lt¥)le COMp￿Y Ilmlted by guvanto¢ T•glstthd In England and Wales 07611969 Raglst•w•d Charlty Nmbar. 1143397 LoTKlon EC2A 4bE

the ecological sequestration trust Independent examinef s report forthe earended 31 Marth 2025 Indynd•rt examTrnrfs Thport to th• In￿le¢S olThe Ecologi￿$ seq{￿$￿￿¢1￿l Trust l Yeport to the trustee5 on my exaninalion of t￿fin￿la1 stat•merrts ol the cornparbylorthe y ended 31 March 2025 are sef otst on pages 12 to 21. Th￿$ wort is sokly to the trusteès a5 a body, In Xcordaico ￿1th the tharfues Act 2011. Uy eX￿rnation been ￿dertaken so t10t I might state lo th8 tsusiees tIK&se matters l am requifwj to Stale to th￿ in an tndependurt exwninerfs report for ro other purptsse. To the fullest exlent pennitled by law. I do r)t accept ora6SLMne respons￿IlIty to anyone Dther than the TNst and the tru51e¢s as 8 body. forrny examinatw)n, fortrM$ report, or.fortlB opinion$ I have fom)ed. R•5ponslbllil¥s and of i•port As the tr115tees of chwltable company {awJ also Ils dI￿t0￿ forthe p￿pOSeS of compary law) you ￿ ￿ponSIble forlhe prpparatbon of ts firw(a statement$ kn accoTdance qth thg rEquir￿ents of the Cknilies Act 2011 I'IIE a)11 Act'l I report in respect of my of yoweharfiy's financial &thn•rts as earrifAI urKIw 5￿tIOn 145 of t￿ 2011 Act arbj In crying Qut my èxiftation I have followed alltha aPp￿C￿le di￿¢￿0n$ given by the Charty Commission UThjerS￿tsQn 145151(bl of the 2011 Act. lfidepend•rt examlnerf5 •tement thechwrty's grossin¢om8exceeds £250,(th yourexwnirv rrntsi be a mÈmb¢r of a bo¢Jy listsj in section 145 of the 2011 Aci. Iconfimi Ihat l am q￿rti£d to ￿dertak0 Ihg exam¢nation becats$e l am a member of the knstitute of (Jwler•J Accourtarts in ErKJI￿ aThJ Wales. thich is 0￿01 trÈ listed bodies. I have complet•AI my uWnirwt￿n. I corrfirn thet no mtW5 Iwve come. to my attention in conTh%lion with my exanin￿l0￿ givmvj rne catse to bdleve that in any materf#l rèspect: • aCCDwliThJ rncoBJs Th)t kept kn rnspect ol etro1itablec0rnp￿ as rwuired by secton 130 01 the 2011 ACL or • the fir￿￿lar stwnenls do rKJl ￿0rd tAilh I•￿se ￿cOrdS.. or • firwcial statements do Thjt complyith applicable rw4ulrwnerts Co￿8￿g the fi 4rKI ¢onterrt of frrwKia 5tstements sd oul in t￿ I￿￿tioS (Accowrts aTKI Reports} uIBtions 2008 other ￿Y wu1￿m￿￿ Ifrot the fi￿￿81 ststements give a Irue and fwr vithrf is nol a matter con5idpml as pwt of ￿ iThJe￿1￿t examtnatlDn. Paqe 4

the ecological sequestration trust Independent examIne￿S report for Ihe ear ended 31 March 2025 I have ￿ concans arml love ¢ome a¢￿sS rK) 0￿r matters in connection wth the exarnination lo Wthich a￿tIOn S￿Uld be ¢Jr&•m ￿ this report in ordwto enable a proper￿d￿stand￿rg of t &counls to be rexhed. re8dNng my cortlusion on the finBncid stknn•rts. I havo conside￿1 the adeqv8cy of th d￿ClOS￿E5 in rKste 1.2 to the f￿￿la1 statemerrts ¢orrterturg the charit&>le company's ability ID corrtinue as a going concem. Ihe Trustoes have confimw th contlrnjal supportwÈll beavailablè fwpm P￿)lessor and aThJ expect that futWE SOLwce5 of furwjry qll be •Jequ*e for.the compaThy's netrjs. kndep&ryl&)t Examin Dale.. 15 Sept•nber 2025 P8go 5

the ecological sequestration trust Trustees report (incorporating a Directors report) forthe ar ended 31 March 2025 Our obl•cd¥•s To attrdctthe talent and eKPWti5etoest)k"sh and the Ttwl. ongside • Wid mdtidlsclplin￿ alvlsory rtt4rJrk. We have contwKd to attract Plah profi eXp￿￿selOact #STr￿teeS and Adwsory Boanj member5. PNot Prrjlects glob8A resèarch grDUP $limm•l down butslill rneets in small grLTrUPS. Weare now cO￿enIng a large group expwts are wothing on the rurat fE5ilience progrnmme in ￿"suMU County Kerya usiro iivJr&ed syslems tlinkwN. To Idertrfy and attract sponsorship io fur the woth of TAtst iMpl￿ne￿ o stratwic aims. Se¢urtrry spons0tsh￿l contlrmjes to be challwoirYJ. Wè have, l¥JMEver. buill the Resilience 8rDkws delivery m into a viable busiFWS p￿¥141r￿￿ swvlce5 aligned to our Si¥8tegK wrn5 basi¢ slabilty to th8 sm¥M team is ￿8blIng the group to buikl new partrw5hip5 8ThJ opporturylies, s￿h as that V•ith Dutch cornpaly Twst 2 knpxt, in Kwya. Thi8 is aclknilrvj si9nrfic•rtrnornwrtum. To develop an open40ure8 ￿&￿-bs￿l Integratéd U￿an4￿rat e5vJn modd {resih"￿ce.1oI to iepiesent 8fKI proposed econofftcs aThJ rnsoU¥cef￿￿ aTrl IMsfoFmatiDrfj lorrryional decision)7akiThJ sipport to actry¢vg the Gk>b4 Goats. ff OPPOrtLwaties to b￿[d on the prototm VtbarHural dttign rnodd have beth limit&J f this year_ We have COr￿rUe￿ to deve expwiisè appltiors of Systems Ihinking In city-rEgion setting5. uslng data dii¥en modds. W•tich is us to build knol&Jge arnj èxpertise lo 8upportfulur¢developm¢nls in thT5 rn. We a￿ $￿portIng Trust 2 trrpact in this continue to b¢d forfurKJir4J ith some SUCGgs¥. %thich 1$ 8lrEady enabling th15 to prDgress in Kenya. Thvp 8re positiveenquiries for tts pktforn In thna and Africa. Our obiecth¥es for 21Q&2028 a￿:. to identify and attwt gmls Spon50￿hlp to fund tho w)rf¢ of th• TNst through th• dv4•1oprMnt of owassocialion Tmih Tntst 2 Imp￿t. to contirwe to grow th8 Re5iliW￿o Brokws entity to a sustai1￿10 profitabl& bu51r ilwough Stah'￿ up ilh Tr￿1 2 TFu5t in other regKJn5 arouTrJ Lake Victoii¥ uslng Strategk •lm$ 2025 . 2030 is Y•rf(Ing to a livevyew progrwnmg. TAith th8 folk1W￿ sliategic obsoctives.. To establlsh clty4tylon demon•tr•torn of iRt•gr•ted pfntng round th• I￿rtd. For e¥h of tttse. to devdop o POrtfoNo ol eollabofatlon. techTr)looy Pgge 6

the ecological sequestration trust Trustees report (incorporating a Directors report) forthe earended 31 March 2025 integration arwj irfra51ruclwe projects involwng gkjbal and local partn8rs. To lurth•r dèv•l¢)p. test and deploy t>ols ltsr collaborntÈon and systems thlnklng to support Inlegrnted plannino in dty ffeglons in order to develop Practic￿ ddiver&bl8 5cenwios for low cabon. heathy. just aThJ fesili&)t Urb￿ development. To bulld on our glolkal Ixinging talent and expertisè tO9Èther sts as r4>idly deploy to9¢th￿￿th resourres 10 5UPPOrt climaie compatible impact. The E¢olo9lca Sequestration Tn￿t is a chantable company limit&J by guar8ntee No. 07611969, 4ncoryJorattd under WKI gov￿￿ by itsmemorandwn and Articles of A580Ciatton. Ecological Sequestrst￿n Tw51 fEgiSlered iltt the Charity fAJmmtS5ion as a chariiy in EnglaTh3 and Wales on 21.April 2011. Pk•. 1143397. Tr admirNslrntive deta￿s ol the ¢haritable company are det&led on page 3 forthe yew 31 Mach 2025. Th• obcts of as set OL in fv kn¢les of ASsocK￿l￿n. Ihe conserytition of thè nurJ fofth¢ publt beTfit by pmmoting the red￿tI)n of grEen1￿use gase5. pwbcu5aty {withoui limrtation) by develJping wtd advwing cwbon sequestrnkn.on methods lo cart)on dioxide levds in lh8 almosphErB'. and to promote cary forthe pth1￿ bemfit research irth climaie change and methods tr dut• dimate chengq trj p￿Ik"s￿ wdely dissrnte the resAts of s￿￿ rese￿h. Publ1¢ l)en•llt Trustees have TrfwrEd to the gutdance N th¥ th￿tY Commission's general guida[￿e on Public Benefit le¥￿W￿j our aims aThJ objectives arwj in plannlryJ our fulure activlllos. In partiCLlw, Ihe pIar￿ed actiwtieswill have a d1￿Cta￿l positivebenefilforindividuals. wmmurAII aTrJ economlès tlrough the improveo utilisation ol scarce resources and r85uAJ"ThJ rèjuctlon In damage to the wlronmert. An tr￿pIe of IIHS is agr04O￿$try and feforBStlon In Kenya. liftry the rutal •coMmy. impmvitwj biodr¥w5rty a￿1 r&tuc¢ng flood risk. 14•uwllment and aPPQMnknwbt otTvuste Tnjstees are listed on pages 8 arKI 9 arnl eonstitutetho Boanl that manages the company. Trustees arn recnAtad accordtrvJ to a range of skSlls exPeri￿Ce required to ensLtre the oryanisation'sobje¢ti¥es ¥e %eved. Tr nwnimum Nmbw of 8owd membw5 is twv. One thl of tnjstees must reli￿ at exh anr•Jal genernl meetir#J. bute all etigible forrebBCtKJn. Normalty. TA￿te0S may ser4e a maximwn of thwyeats at %%kn'¢h polnt they mv51 tthe a break fmm off¢ Tlws nAe may be diwpliod by a ￿r￿m0(￿ rasolutKJn of the TTh¢slees. Indu￿0￿ and tralnlng ofTNste•s appoint￿￿ T￿teeS are provided ith ￿ inforrn3tK)n p￿k detsilir4J the Carity's wtsrk. its partneTships aThJ ils currntt pollae¥. A progrnmme of me•tirrtJs is set up for Trusteas vlth Ihe Chak 8rvJ key members ol staff. ThE Bowd 18 responsible forthe policy strnt&Jy of The Ecologic81 Sequestration TRBI arKI 118 subsidiary Resilience Brokers Limited. ensuring the long4ern SUSI￿nabl1lty of theorgani58tion along with ils finar£ial and kgal probity. It is also rESpO￿lbI8fOrthe appolntff￿nt of Trttslees. Execuiive Management is rtspofisib￿ forimpknmantiro policies strategie5 Ihat have be￿ 8pproved by tl Bo¥d. ¥A1 for pro9ressirg organiSa￿￿al objectives. The 8oartl aims to.me8t quartwty I￿1¥aS firorKial opwat10￿1 ￿portS Ex¢cuti¥e Management Tewn. P4¥e 7

the ecological sequestration trust Trustees report (incorporating a Dlre¢tors report) for Ihe ear ended 31 March 2025 Risk maRag•menl The 8oanJ and Ex￿11￿ Marojwt Team examine the piindpal aTBas of t chari￿5 operdtion5 and it regulaty considets the m4or risks that may arise in ¥ch of these eas. Thé Executive Mwwement Teom continues to Mortor¢a￿UlIY fv financAal otrt¢owe tlatives uTrJ¥taken during the year. It ￿ done this in the kno%bledge that Weserye funds negj to I￿rnaSe in line vAth th8 (arity's re5eryes policy. Thls is an wea tljat ￿rtInUe to bfr monIto￿lj ¢arèlLAly in Irght ol future Ptr￿. The TruWeBs l¥kn we aso the Drrectots for cor￿￿4 law) e'. Prol. Petw Professor Peter Hea(J is a civil •)J st￿￿tural engineef aThJ T￿o9￿￿￿ed YJrfd kadw in maior bridges. advanced corrpos tschrnjlogy and integrnted syst￿￿ planThng for susianab dev¢lopmert ark rt910￿, WID￿Jr9 lor Mathsg11. AECOM KJ Awp. 2￿ he was nam&J by Ihe (athian Newspaper 0150 peoP￿that CO￿d.s￿e ￿ pla￿v wa5 cr¢ed by Time rnagazlne of 30 globd ¢¢o-heroes. April 2011 I￿Se1 up The EcotogrcalWu•strationTnJs( a Ch￿"ty uch has brought toget14er the vrtd's top SCi&rtists. enginee￿. Or￿mIS15. 11Th￿Cle￿. heahh. ecokigy otW specialÈsls cr•e wxw.rnsithencè.io tool to hdp acc8k¥&te t8¢kling ciifflate change and i￿uSi¥e ts3onwaiwe deve10prn￿rt. k was pyototypoj us￿ by tl Accra IAetn) Aw to creale ￿ inlegratd syste invdstm•rtt plan to meet the Unital Nation5 Sustarrt) Devd0prn￿I Goal SDG6- ater sanitation by 2030. As extwsivdy ilh the UNDRFi Peter i¥ visiliry prolessorinsLStairAble systems engirwbng at Uriver5ity olBrist atso ture5 on P&lofflMrte Based Pmcurtrrnrt at Oxlud Bro¢kes Lknivetsity. 19Se he ••A￿led the OBE forhs on Second S￿ern Crossir#J project arml then in 2011 the C3E for services to Civil Erwjiftety and Emtimmient. Pnrf. Niloy Sh Professor Mlay He•d of Departrnwrt of thewThcal E￿IrteenThj and Di￿lor of tho for Proctss Sy$ten ETrJine8rirq at knpen CollwJe Londofk H8 has co￿h0￿￿ 0¥8r 200 ttthrical papas Dn ￿eryy syst￿$ moddliry engIn￿ng. bS0-erwy syst•m5. hYd￿gen irrfrdslnJCtu￿$, suppty cha Moéel￿ng, prvc85s Oplirnis￿Jn, b￿cl￿rniCat PfDcess desrgn,.aThJ plart safety. He has developed on optsmisation4)ased de&ign Met￿)dO￿)gYfly8v￿¢ty of wy syst￿￿$ ￿th St￿￿9 spatk￿.8nd lemporal aspects. ay ￿ reCeN￿ a Nmbef of aAFrds irthing the Junlor )￿lOn M&181 (1936). ￿ RAEngl￿1 EnginBwrng FellO￿hIp1l997- 2C¥J1). t1 RO￿ Society of Clvn¢slry Bwlby aThJ F>rf 120051. knpwial College Rectorfs Award for Research Excdl8n¢e 121JA), RAErg AlacRobert AvMd (20071 ￿ knperi81 Co118ge Erwal￿￿n9 TeaclM"rva Excell￿ce Awa￿1 12Cthk Ho Va5 Ar￿￿ the (£E lor ser¥ic8s lo decarboThsin9 tho ecoromy in Barbw•Ryan 8barn J. RY￿ w•5 the. S￿rts1at Dir8ctor of th8 rtttgovemm•rt￿ Grow> on E•th ¢J)swvations (GEO) kn ￿e¥s. P￿8

the ecological sequestration trust Trustees report (incorpordtsng a Directo￿ report) forlhe arended 31 March 2025 S￿￿arNI to 2018. GEO is comprised uf nearfy 100 Mwnber States, the European Commlssion. ar￿ W I￿tema￿on￿ 5¢bentir ar•J toemie￿ partn oNJanLzations. Lknder Bartjara's leJ￿h[p. mlttkjns of sat￿￿e Images and other eth obseNaVDn data have been made available to the general pubknc ai rK) ch4e. seleniisls, plarmrs policy makws lo m9k¢ b$tt8r4nfonn&J deusions on pffjbJ8ms that tran5Cond polilical b0￿darieS. Her t)rk addresses ciitical Issues lft agrieLdture, biodiversity. clirna1ech￿O. disaster planr¥ng. &ryeruy. heallh wvj watw. Since becomirKJ Director of GEO in a112, 8artJ8ra has vnrf(ed b. knt8grte earth ob5eryion systems from 8JDthI the into SI￿1e, comprehensNe sy3tem lh uses co￿rdInal8￿ data l) ￿)W environm￿tal factors smpact ￿rnan Irf•. Robon Stott Rob￿ Slott is a ret"r&l consul&Mt physici￿ lifètime Inte￿St in d￿￿Pirvj nY)rt SO¢taWy arKI ￿0￿>Micalty eq￿1 societies, t•thich created ithin enwronmurtal bmits. are optimal precur50TrTor good health. ajdition to ￿JoYI￿J Ixs ￿leS as father glar￿SlatIV. Robin ffe11s￿$ exwcis< lich he sees as a m•Jic bullel in the pwentlDn of r￿n￿COMMUr0c)1e disease. He wns. cycks J¥J prnctise¥ tal chl gul•ty. Is a 8Strommw. Page 9

the ecological sequestration trust Trustees report (incorporatlng a Dlreclorn report) forthe ear ended 31 Mar¢h.2025 Flnanclal ro¥l•w Total income Total income forthe pwiod wnouftled to È120.2CI 12024: £125.4751. This decrease in ￿VenUe is attribthed to a deC￿aSed don8tion recthveJJ f rom ourtrading m Resit￿nce Brokers. Total expwidllu Total expenditwe for ￿0￿n1•Y to £2,137 {21)24.. Oflh¢ lotstexpendilurE off2,137. ￿ (£1.2011 w•5..sperfori Chafirab￿ a￿¥￿185 aml pnimr¥tr the (Jwrfty. kn 2024, of the iotsl exptyKlilure of Q504., .70%'1£1.7541 was spent on Gtrthniable aclfvities ￿ proll￿tir￿J [￿ty. Th• Epmainiry 5rA12024: 30%) was sperrt on govemance. The cl￿ gernrated a net swplus foitryew of £118.06312024: net £123.971) thi¢h resulted in a cb)sing w￿3t￿e￿ funds baarKe of wabve £442,ILTh) 12024.. rejatlve £560,163). Reserv•s ptsli6y And gorng concwn The Ecokngicd SeqUtrstrnl￿n Trust aim5 to acFMevè a levd of UThB5tricted reseNE5 Ihal VAII allow It sufficient stabilily to plan aheal for lulwe ¥entwes. thi15t krnving that il can ¢onllrbve its operaliorts and meet comfflffments in the of ￿ walp￿￿] SI￿011 in irtome. We continue wth our long4enn partr￿$11"p vthlh a Dutch cornpry, Tntst 2 Imp&t, h¢ch stores the wnbilions of IheTnLst and is pulbrrtj subs￿11￿ in4ind elfort into mldliplg bids lryl￿Jry fof projertsin Kenya. ofvthich sevwal have beeft successf ul. These pmiects, and thefunding Tri5￿. ill fund agreed by Resilience on new data moddlinu and pnvision cl ollaborion pletforms. Agre￿entS are in place forthis w)￿. Resilience 8f0k￿ •? beiTrJ approacld for similar support on UK basa1 pro9wmes. tt is Trustees, Intent￿n to ¢nsure that nEW prniecls a￿ uThjertak￿ only the￿ ts sufficiorf specificattdiiicffla avai10bleto c0vw￿l&l￿ costs. Future Income is anticlpat8J frnm Ihe ongoiTrJ support of Professcy as TAWII as donatK•rts from ourtrlSr4J ami RaSilie￿e Brokets. The Trt￿l has walive raswves th hwe been fundeA by a k)￿froM p￿lesSo1￿￿ Mrs Head, detals Df Mlx'ch we gIV￿1n nole 13 lo the accounts. ￿ loan capitsl is repayablè by agreernent &iher in full orp8rt subject to the Trust ￿VIrO sufficient funding to do so. Wrthout tte support of Ilys 108n it is dothtful that the Trust coUd Cominue oparating. Th8 Irustee5 have corrfirmationfrom Pyofessorond Ihal tlw wll ￿￿lI¥Je io Bupport thoTnJst d wll ntst rwulre th& r8p8ymeN of tl thEil iurnjing dlows. respon¥lbilitses Th Trust¢es, th arp th8 of the cornpanyforthe purposes of compwy law, arp rnsponsible for pw¥rir@ the Arwl Report w¥J the FInar¢I￿ Statements in accort8nce vlh applicab￿ and Wed Krydorn Accountiry Slandarfs (United Kingdom Genwally Accepbj Accounting Pwticel. Company law reouirES thè Board of DireCto￿rr￿tee5 to prepafy fiftanclal $18ietRetlts for ¢a¢h fInJ￿ial period.thal give 8 far ¥1￿ of the.slate of"•lfairs of the .tyTtabl8"Compgny as * tt% bèrtt sheet date, ard of its InGorns rB50uicég 8nd appucatlon of rBsourcos. Including arnl expenditure. for the fir￿￿tal p•lod. kn preparfng fifianci￿ ststemprts. the Bowd of DI￿torS￿Oj5lees a￿ to.. • se{￿t suitable a¢¢owrtv¥J proclwEs ￿d appty thun consisknlty, • obserye the mettrKds IIHt ?SB reasonable aTrJ pl￿Jent, . stste th&her applieable UK XCOLmlir4T $taFKlwds aTrJ Stalern￿ of fpcornmerKled pr¥ctic8 have been srtiiect to ffj rnaleri￿ dep￿tU￿ disclL)58J lulty explaned in the fina￿1￿ statements. and . prepare fi￿￿al stal¥Trwts on the 'goiry cOr￿arn. bas￿ unl8SS it i¥ Irp￿pA#Ie b that ¢lwfty wll conbnue in opwaion. Pag& 10

the ecological sequestration trust Trustees report (incorporating a Directors report) forthè èarended 31 Ma￿h 2025 The Boaft1 of DitectorslTrttstee5 a￿ won5th18formirth"r¥r4J proP￿￿COUntrft9 recorfs thal disclosevith reasonable accuwacy al ary time fI￿claI posilion of the Chwbtsble Company, d erAble them to er￿u￿ firweial $tatgnerts ¢omply the Companies Act 2006. The Board of 01￿Ctors￿￿￿steeS we oL%o resporn8￿￿ forsaleguwdiryJ the assets ol the tha￿table Compry and hence for taking reasonable steps to and other I￿eg￿an1ie￿. accord8r£e ith company law. tr thmp8rty's TDJslees and Dlrttots 7Atho held offi￿al the date of the approval of ttris Tntstees, R¥Jort certrfy that as DirectOF5 of th• Chèntable CKJrnp￿ h￿e laken all the stepsthat oughito have tak￿ in orderlo make thwns8lvg5 avrèrE of any ￿le¥￿t inforrnation. Trms ￿pOrt is pwlwed in T￿ordanCe ¥Ath the 8ccO￿lIvj policies sel out on p#g•s 15.16 and 17 oftho tpKhed finrtial sfatements and complywith ￿ chwftable CQTnpany'smemoraThJum and art￿leS of association. applicable I￿S ￿Ulrern￿ of the Stalem¢nt of Recornm￿d￿J Pmctice applicable lo chatities prepwiry fLiwnck81 statements in aCco￿ar￿e vrith the Fln8neSal RePO￿r￿j Stsndwd applic¥Jle in the UK and Republi¢ of IrelaiKI IFRS 1021. Thls rnport wa$ appoved by of Trttstèts Bnd s(gr*d on thdrbehaif by: Pft>f&sor Peter Comp¥ny Diwvctorlchair of TA￿l￿e5 Dkn 15 September 2025

the ecological sequestration trust Statement of financial activitles (incorporating an income and expenditure account) forlhe ear ended 31 March 2025 P•4Acl&d Lknrnlcl•d fvThJs fvnts Tcal nds nds Incomlry r•gX4tte5 IX),3X) 1￿.2()) 1475 Tdal incun1￿ lE￿j[ceS 1ZJ.X¥J 1XJ,3XI 126,475 Exp•nd1￿f• ritable actNt (1.2011 (1.Z)11 11.754) ITS)) 2.13n- (2, 13n Nd in Lew¥J inc4Jnd I￿￿￿'tur8) kYth8 y 118.￿3 118,t63 121971 Tdal fvn(k tdTh¥ht fl3￿¥￿d Fund balaffe at 31 Il•reh I￿.16• (W1831 IW. 1341 Thwe ￿l9￿se￿J or losses lh￿ Imse slai•d *ov#. The notss on p¥Jes 75 to 22 fomi pwt of accounis. AH rnlat? to coftlinulrvJ oper?￿n&. Page 12

the ecological sequestration trust Balance Sheet as at 31 March 2025 Com an No. 07611969 Cash in Iwk in h•¥1 501 502 9.S17 CF•ditorn' •mounts f•lllng du• T￿1Th 1 y••r Trado and other pyatles 1310.13n p37.185) {132.0001 (132.0001 . (442.137) {469.1851 10 Ngt liabliti8s 4Y2.620 468.683 .Tiilzl 4ss•ts I•s5 currnrt kJlts"os 14316201 {468.683} Cf8ditfy￿ hlliug du• In morn Ihan 1 yw . Loans payatl6 11 19.4801 (91,4801 Total net lknbllhlv 2.100 (560.1631 Resknct•d Uniencted fvnts '(4421001 (560.163) Tqrtal .(4411001 (560.163 These financid statements have been preparpd in accord￿¢& ith thè provislons applicable to ci>mpanies SLbject lo the sman wmp•d•5' ryim For ti year 31 March 202S ￿ COMp￿Y ertltle41 to exemptlon from wjdii under section 47T of the Comp￿leS Act Acfl relathw to small eomparries. Dirncto￿. rnspon5Iiliéres." . The mgmbws hav? not rvqulrwj th• cornpany lo obtwn w a￿11 of its accounts forthe year In qE￿lIOn kn accowdance wilh section 476 of Ihe Act., • Thtr dirttors knowledge t￿11 Tesportsibitities forcomplyiThJ with of the AeA ¥4ith fe5pect lo ¥c￿Urrt1￿9 rewrds the prepion of accounts. The flnarKlal statements Wo epprov•d •rl •Jlhorfsed by 6￿¢J. Sign•J on beh81f of the Boanj of T￿￿188&.. fRPJ Proltssor Peter Company Dirnctorl of TnBtees 0*.. 15 Sept&nb•r 2025 Pggg 13

the ecological sequestration trust Statement of cash flows forthe ear ended 3.1 March 2022 The r•Jtes on pages 15 to 21 fomi ￿ lrtegrnl part of these aceourts 20 Ca ¢)pernYng acfjTAles 12 {1101 NEt (decrnas•ylttGrea In cash and ¢•th •qulval•nts (110) Cath and equlvalentsal the ylart af perfod 611 Cath and ¢ath ￿Valents at the end of

the ecological sequestration trust Notes to the financlal statements forthe ear ended 31 March 2025 Ae¢wnting pollcl•6 The prfnerpal ace¢unknng policie5 &Jopted in the prepa￿l￿n of tlse fInar￿1¥ statemenls are spt o bek)w. 1.1 Basls of proparatlon The finenrAal statements have been pryiwpd uThJer the lystorical cost conVmt￿)ft accordpAr ilh UK Generalty Accepted Accowting Pwlicc. tts CXIMpan￿ Act 2(lJ6 arKI Tr FinarKiaS Reporting standaTd applicable in the LK and Republ¢ of I"FRS 1￿ and 'Aectsunting and Reporting by Ch•ftl6s.' Statem￿1 of Recommw•)J Prath"c- applicable to thwitles apptythg FRS102 fsoRP"I. Tr Ecological Sequestrion Trust meets the deftnrtiorof a publK benefrt entity urNJer FRS102. Assets a￿ liabilities alp initi￿ty recognised * lu"$tori￿ costor transxiion value unless olheThsi58 Stated in th• evant accounts'ng policy note($ 1.2 Preparallon ol a¢¢ouThts on * 9olng eancem basls Th• trustee3 have cordi￿ation Irom Professrw¥J Mr5 Hèad that IW iil contTrn￿ to support Ihe Tnjst and Vlill not requirn tho repayment of loan urtil ftmdiThJ alk)￿. The trLk%iees are of the view thal Ihis ongoing support by Pmfessor and Head as TA￿1 0$ pro$pectivlundirvJ sources have secured tl immediate fLrtU￿ of the Trust fortt nt¥t 12 to 18 months ar1 thal on tINs basis the assesSrn￿t of lh& tNstees 1$ that th8 chwity is a gory ¢oncenk 1.3 In¢om• rB¢ognltlon omo from cha11t￿ ￿l¥ll1e8." ￿orne is rt¢ooiys•J overthe pe￿￿ that thè s￿lee 15 provided: vO￿nI￿ iwjmo: Patron wwj doTh)r income is recogr•sed the iru>me is recei¥•J .. Granis receIV￿ forspwific pU￿ose$ ar• allocaw agartst the exp¥Mlltwe to tlw relate l¢Nn re51ricted furyjs. hv8Stmfjrt Inrom•: knv8Stmant Irwmo rrfogni$&1 brthme 15 Transactions in fowgn CLxYenoes are initialty at raies ol exchxge PWEvailiNJ on the dates of the tractions. Monètary assets li)ilbties dw¥)mirTrated in such ar? retrydnslated at tha rntas pravdllng on dat& P￿1￿8 and b)$88s wsing on ￿Ch￿96 ¥e Induded In tho nat profit or kiss for the yt. 1.5 Taxath)n Th¢ Mmp3ty 1$ ¢onsKlor8d to pass thetesls set oul in P••Jr8ph 1 Sthed￿e 6 of the Flnance Act 2010 and thereforn bt meets tr defir¥tion of a chaNtable company for UK cowporation tax purposes. Accordir#Jly. fv compaby Is r#)t liable to ivKome tax or ¢orporion I&K d•lved froffl its charitab actNittes. 1.6 Grants payabl• Grants p8yablernpwent ￿0￿1$ bythe Ch￿tY during yearforclwriable purposgs. Grants payabtè •B urwjw credilorn in the balance sheet represent tts full liability to pwy granis l) ipients ovw full dU￿tIOn of th&r (esewch pffjjecls. grants a￿ recogni8ed as bwng pay8bl ortc8 the rEcipient has met the cor￿l￿Or& forreceipt and the gMt has been minufed at the tN$t¢es' methrvJ. Pag• 15

the ecological sequestration trust Notes to the financial statements forthe arended 31 March 2025 1.7 Flxed assets and deproelauon Assèts a￿ i￿lU￿￿￿ at cost ￿ ae Capit￿ls￿ cost exC￿S t￿. Depreciaiion i¥ providgj ox all tangible fixed 8$$et8 in w8e at rtes cakLAateJ to ￿te off ￿ cost or v&Wion. i•ss estim residu￿ vatue. of each asset over its expected ￿elL￿ life. as follovffj.. Computei •q￿pM•￿- o¥w 3 y l.a Expend1￿1 An expendiliH¥ is 4¢countgd for on an a¢cruals b3si5 arKI ha5 been clas$rf¢ed undw headirHJs th¥1 Jgregate al cosis rElat8d to th8 category. Qw"table expe￿Illula include5 all &xpenditure direct rdating to the Obl￿t$ ol tha Cl)arft&1￿ Company. prtmar¥ly sub-granl expenditu￿, and is allocaled on actual cosl basi8. Goveffwlce costs are Ihose costs lorif￿ Cornpli￿e vlth constitutiona statLrt(>ry rnqultyn￿l$. ￿lOcat￿l on ￿ actual ¢ost ba515. Support costs are thjse functbjns Ihat assist the V￿￿k ol Ihè chty but do not directly undertak8 chathiable acts'vities.SwJportGosts includtbxkofficec051&fnancear#J govemartecosts￿ich support thg Tntsts Activilies. The ba585 on %%thich support costs hJve bew allo&71￿ we set Qui nolg 5. 1.9 In¥¢thnts Investrnents held as fixèj a55ets am sIK>WTr at cost less provrsion for impTment 1.10 Debtors Tr8de 8nd othBr debtorn I￿ recogThs&J at sett$eMw￿ altw any tr•Je dlscourt Offe￿1. PrepaYM￿tS arg valv8d at the prepaid. netof any tTrde discoLWrts du& AccA￿l Imjmeoftd tsx Tecovwabk Is induded al tr besl eslinate ol the amounts rec&vte at Ihe bdan¢e stret date. 1.11 C•¥h al b•nk and in hand ash at bank aNI in h￿rt includes cash s￿rt twm hrghly Ihiuid investnRnts with a shgrt matutfjly of three months or less from the date of xquisition or opwry of dèp051t or similar account. 1.12 Creditois C￿1110￿ a￿ rwni5ed 7Afi¢ro ts ch•ity has a prns•it oblig•lkni￿￿RN. f￿rn a pa51'wrt thl w]H pmbBbly resullln tr3n5fw of lunds to a tlwftl pty.•rKI the pJnoL¥rt lo:$ptIletl￿ ob￿9•¢i0n.C0nts.e Measu￿ or ￿tIMated rdiably. Creditors aTrJ pro¥isioAs are mcoynised at their settlemenl amount after allo￿n9 for any twle discounts due. Prnvisions are r￿asured at the best eth"m8te of t￿ nO￿ts w￿red ts settl¢ oblhJlon. 1.13 FIn￿da1 instrumènty Financi￿ assots and liabilr5 aTB [￿OgI¥seAj tt clty b￿oMe1 a P4Tty to the contraotual provisio￿ of InSttL￿. AH finwKial a5sels WKI liabilties arB m￿SUrE￿ at I￿￿a￿lOn price linclUdw￿ transaction costs). chaiity h85 finwal assets Ilabffttles of a kind ttwt q￿tIlY 0$ basic fl￿￿￿[81 inBtmments. Basic fin￿1 instnjmenls iTrtiaUy r￿ognIS￿ al Iransaction vue and subs•quentty mèasurnd at I￿r SI￿￿￿ent vak*. 1.14 Unr•stricl•d Funds Untpslricted funds are f￿￿S walabte fDr use in accory1￿ TAilh th• th•lta>le oblFcliv¢s. P8gg 16

the ecological sequestration trust Notss to the financial statements forthe ar ended 31 March 2025 1.15 Critical aecountinq elmate# afid artas oljvdgernent the apph"cafion of the clwty's ￿count[r￿j poltctes. the fnxtees arB ￿￿Ted to mp jwJg¢ments. estimates and assumptions about the cary￿g amount of asseis and liabilities that are not readlly apparant other sources. The estimattss ￿ associated assLmpliorts a￿ based on historicd experi#￿ and other factor5 thai we cortsider&J to be Telev￿1. Aclu81 results may drfI&f￿M thes• Tho estimates and undertying assumptions ¥ Ftrvi¢d on an ongtsing basis. Revisions to accountirg estinates arè recognised ui the p•iod in thB estirnate 1$ wised. rf the revksion affecis only that pviod. or in the pwiod of the wision ttl fvtwe p&iods rf the rnvi5ion af1￿ts both currerrt and futUFB periods. critKal &countiTrJ estimetes to dedare. D•tsfi8d c¢¥npwaives for the slat•m•nt of fin￿¢1•1 Klivldes PldÈd Unwglcted funds fund$ Tol•l fvnds Incornlng rems 126,475 126.475 Tolal kn¢O￿Ag r850ufe8s 128.475 126,475 ExpendltrJr on CaiitoWe act￿leS Goswnanro costs (1.751) P.S)4) (expjndlurn) thx tl y•or 123,971 123.971 TtX81 fvr•J$ kwDU￿t fomwd 1684.134) 1684.134> FuThl balance at 31 March 69).163 P8ge 17

the ecological sequestration trust Notes to the financial statements forthe ar ended 31 Mard) 2025 R•#our￿$ expended ~ Charflable a¢tlvlll•s OlreL1 co Support Total Grdnts aar￿1 InSura￿e$ Comput•r eX￿r ¢)thtr c(sts 1.128 1,128 73 1.128 1,3J1 2tr24 Support Dlre¢¢cgsts To¢al GRrts In511rarte5 $1 Crnput8r expenses oth￿ dfice cc£t5 {e8T) 25 750 tl8t In¢ornln9 resourc•sl(r4sourc•¥ exP￿ded) This 13 slalaj afttr c￿1￿. 2D25 LWeei8t*Jn oftsThJible fixed 85S•ts by IM T￿t 750 P￿16

the ecological sequestration trust Notes to the financial ststements for the ear ended 31 March 2025 2025 2024 Full time •Juswl¢nt emFd 26 At 1 Wil 2￿23 At 31 Marth 2ff24 Not book ￿1￿• At 1 2023 At 31 ma￿ 2024 Subsfdl4ry undertngs The follo￿￿j Subskli￿ ￿l￿￿kIl4$ of Iho ￿Mp￿-. Plam• Class ofthaT05 Hvldirvj Re51kwce 8rcw5 Sundry 9,250 Cr•dltOff&' falllng du• Twlthln 1 ywr 2024 73.425 AC¢n￿lS 188.647 201.698 45,(W 59.C 310.137 337,185 othw ¢￿dito￿ Total 10. Pro¥lslons P￿19

the ecological sequestration trust Notes to the financial ststements forlhe ar ended 31 Marth 2025 2025 2024 Prni$icfft tr grants 131OCiI 132.LKQ 11. am JJ25 LI?￿ 91.480 11 R•condllatlon of n•1 I￿￿nd1￿1•y1tte¢ffi? ts n•1 ¢ash flow trom opvallng •cllvlO 2025 Net (xpen¢S1fft) kny Dwecial￿n imparnent oflangi4e Ixed ass 118. 123.071 {Decfea$eyinGr&e in crnto Ioecrease inr¥ease in108ns payable Net cash low from owabn ti¥lis (27,048) ,000 IYJ5) 1ffi.081) 59,000). {110) 12. Trvjtre remun•rallo No trustees receiv￿ norwaivwj ffjmwwatlon or expert5es dutlrvj the year (2tr24'. th111. No Iruste&s rec￿ed any rwmbwsement for Exp•ises Incuffed durirvj the year12trL4.. £Nil 13. Relaled party transartlt)n$ NAMÈ ol r•l#trd Rola15wthlp tr• DexrtplloD 011 th• TNSI 1C#YA 8thid•y l>owdto 188.647 201,69B Prol&gw P Held •nd Hoad (k•atityb rec4lJ n.750 08,020 1>4*d to Prnf+knVS 54,480 150.480 P8g8 20

the ecological sequestration trust Notes to the financial statsments forthe ear ended 31 March 2025 Profe550rP Head is thè fjoimian ol Ihe Tntst. At the yw èFkl. the thrity had loans outslandirva to f5sorP 14ead and Mrs S HeaJ totalling £54.4WJ12024.. £1gJ.4801 of ¥hich £45,C(JO is CLI￿Ent12024. £59.0￿1 The ban capit814s wayable by a3reemert wlher in ful or part subject to ￿ TnBt having Sufflcityt fwiding lo do so. 14a. MO¥￿•￿ts In fundj (Gufftnt y•ar At 1 April )24 In￿￿￿e EXpnd1￿ffe At 31 March &gains 2025 fteslilcted ￿ndS (WJ.1831 IXl.2fy) 12,13n (442.lC￿) Totsl l¥r41$ 1560.1631 120,20D P.1371 {H2,1W. In f4Jnds (￿10r y•¥1 At 1 InwTr• E¥p•nditiK• At 31 March & ga•ns & l¢)ws 2024 ilJ4.134) 126.475 .504) (580,183) Talal funth . (ffjB4.134) 128.475