Reglstered nurnber. 04752279 Charily numb•r'. 1148274 FOUNDATION FOR ENVIRONMENTAL EDUCATION (A company Ilmlted by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) coMrEMrs Page R•ltrèncè and admlnlstratlvè d•taSls of thè tharftablè tompany. Its Trusto•s and advlsèrs Trustèo8' rèport 2-18 Independent audltor¥ report on the flnanclal Statements 19-22 Statem•nl ol Ilnanclal actlvlll•s 23 Balanc• 3h?•l 24 St•t•m•nl of cash Ilow• 25 Nol•• lo lh• fin•ncl•l it•t•m•nls 26-42
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) REFERENCE AND ADMINISTrATIVE DEfAILS OF THE CHARABLE COMPANY. ITS TRUSTEES AND AOVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trust••s Helena Atkinson. Treasurer (appointed 15 June 20231 Joaquin Arturo Diaz Rios Laura Hickey {resioned 15 June 20231 lan Humphreys Lesley Jones, Chairwoman and President Sasha Karajovic Sanskriti Ravi Menon Nikos Petrou. Vice Chair Petra Lamberha Maria Schul Company r•ylst•r•d numb•r 04752279 Charlty r•glst•r•d number 1148274 R•gl$tor¢d ¢fll¢• 711 The Close Norwich Norlolk NRI 4DR Company $o¢r•tary Daniel S¢haffer Chlel •x•¢ullv• offl¢•r Daniel Schaffer Ind•p•nd•nt audllorl BW Audit Limit•d Chartered Accounlanls Statutory Auditors 54 Thorpe Road Norwi¢h Norfolk NRI IRY Bank•rs Danske Bank Holmens Kanal 2-12 1092 Copènhagèn Denmark Page 1
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees (who are also directors ol thè charity lor thè purposes ol thè Companies Act) present their annual report together with the audited financial statements of Foundation for Environmental Education Ilhe charitable company) for the year endèd 31 Decèmber 2023. The Trusteès confirm that the Annual report and linancial statements ol the charitable company comply with the current statutory requirements, the requirements ol the charitable companls governing document and the provisions ol the Charitie5 SORP IFRS 1021. Since the charitable company qualifiès as small tsnder section 382 of thè Companiès Act 2006. thè Stratègic report required ol medium and large companies under the Companies Act 2006 Istralegic Report and Directors, Report) Regulalions 2013 ha5 been omilled. Struclur•. gov•rnance and manag?m•nt a. Con*tSlutlon Thè organisation is a charilable company limited by guarantee, incorporated on 2 May 2003 and registered as a charity on 24 July 2012. The company was incorporated under a Memorandum of A559ciation las amended by special resolutions dated 8 Junè 2012 and 20 April 20201 which establishèd thè objects and pewèrs ol thè charitable company and is governed under its Arlicles of Association. In Ihe evenl of the company being wound up, members are requlred lo contribute on amounl not exceeding El. b. Methods ol appolnlmenl or •ledlon ofTruste•S Tru51ees are usually appointed lor a period of two year5. Each Truslee will retire at the General Assembly following èxpiry ol the two-year term ol offitè and may lif they so wish) offer themsèlvès lor rè-elèction. Thè President, who is also the chairperson, is elected for a period ol four years. A person may not be appointed as a Trustee unle55 they are a nominaled represenlalive ol a lull rnember organisalion. Care 15 taken lo ensure that thè Board of Trustees includes relèvant experiencè to the Foundation's Corè activities, èxperientè in linancial matters. l•gal and oth•r relevanl fields. L Organliatlonal itruclur• and d•cl•l•n-maklng pollcl•• The Board of Trustees mèet at lèast four times a year and oversèe linances. the present work. and the future development ol the charity. They have regard lor the advice of Ihe execulive team, lo whom the management ol the work ol the charity and the day-to-day operational decisions have been delegated. The remuneration ol stall is approved by the Trustees wilhin annual parameters set by the Trustees. The FEE Secretarial (Head Office) is the adminislralive office ol FEE. The work of the FEE Secretariat follows the FEE Articles of Association. Rules of Procedurè and Strategic Plan. Thè FEE Secretariat reports and receives éirectiDn ènd leedback from the Board ol Trustees al four annual board meelings and on an ongoing basis between the FEE President and the FEE CEO and between the FEE proyramme director5 and the sperilic Board member5 responsiblè for èach programme. Page 2
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Struclure. gov•rnance and manag•mènt Icontlnu•d) d. Pollclès adopt•d lor thè Induttlon and Iralnlng oITruste•s New Tru51e¢s art introduced tts th¢ work of the charity by the Chairnian of the Trustees and th¢ ex¢¢ulive team. Trustees are kept inlormed through regular inlernal reports (including financial reports) and samples ol printed material. All Trustees are encouraged to visit Ihe activities ol Ihe charity as well a5 attend events Ihat thè tharity organisès. On appoinlmÈnt Trusteès arè informèd of thèir obligation in law as a Trustèè of a charity and are encouraged lo acquaint themselves with the publications and guidance available from the Charity Commission. Pay pollcy lor key manag?m•nl p•rsonn•l Key management personn•l remuneralion is reviewed annually by Ihe Trustees. l. Flnanclal rl*k manag•m•nl The Trustees recognise that they havè overall responsibility lor ènsuring that thèy implement an appropriatè system lor the management ol risks. whether financial or olherwise. to which the charity may be exposed. For this reason, the Tru51ees have ¢harged an Èxè¢utive team with the task of ensuring Ihal internal ¢ontrols and the exposure to risk is reviewed on a regular basis. Nevertheless, some risks are worth mèntioning as the trusteès retognise them as high-levèl risks that require special moniloring and action. The first is FEE'S contractual obligations with its key funders. This risk is derived from FEE'5 contracts with the lunders depending on the good implementation ol the natioThal portion ol these funded projects by the FEE members. To reduce this risk. FEE has established a payment policy that depends on reporting ol progress ol project phases on a nalional level. In addition, FEE advocates lor transparèncy towards its fundèrs and by thè mèmbèrs so if probltms arisè. thèy could bè dèalt with early on and with lull involvement ol the lunder. By doing so, FEE reduces misvnderslandings and miscommunications and enhance5 Ihe ability lo provide solutions early in the process il issues arise. The Iru51ee5 believe Ihal the long lasting and continuing SUPPOrt from a large corporate entity such as the Mars Wrigley Foundation is evidence ol the success of this approach. Wilh the Brexil agreement the uncerlainty is reduced. And based on this agreement FEE is now able to manaye the fallout. Specially lor FEE. the risk regarding Brexit Is not as high now as there is clarity on what funding can be applied for. Obl•ctl¥os and actlvltlos a. Policies and objectivts Thè object5 lor which thè tharity is èstablishèd. a5 Statèd in its Articlès of As50tiation. arÈ to promotè lor thè benefit ol thè public. thè conservation, protection. and improvement ol the physical and natural environmènt,. and lo advance Ihe educalion of the public in subjects relating to Sustainable Development and the conservation. protection and improvement of the physical and natural environment. Page 3
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Obl•ctlvos and act5vltl•s IcontSnu•d) b. StratO9l•s for achlYlng oblctlvès In June 2021. Iht FEE Gentral Assembly approved a new ten-y¢ar strat¢yy. GAIA 20'.30. whi¢h makes a commitment to prioritise all the work on èmpowèring climate action. protecting global biodiversity and reducing environmental pollution over the coming years. Many FÉÉ members are adopting GAIA 20'.30 inlo thèir organisation's own strategiès. whilst thÈ implÈmèntation ol KPIS and actions nèeded to achievè our goals is underway through all live FEE programmes. The main goals land sub-goalsl included in the current Strategic Plan are: EMPOWER CLIMATE ACTION.. 11 Ensure FEE'S policies and programmes meet 115 environmental goal5'. 21 Incrèase climate chanye knowledyè to drive impactful action., 31 Support aclions lor climate resiliency., 41 A¢¢elerale the transition lo climate ntulrality.. PROTECT GLOBAL 81001VERSIT. 11 Preserve existing and create new loresls I natural areas., 21 Promote sU51ainable management of the coastal zone., 31 Combat pollinator and insect loss.. 41 Raise awareness of and support aclions lo remove invasive alien species IIAS),. REOUCE ENVIRONMENTAL POLLLmoN'. 11 Reduce littèr and waste., 21 Promote responsible production and consumption., 31 Increase knowledge and take action to reduce invisibl ptsllutants.. 41 Promote the circular economy model. Plannèd dèvèlopmènts within thè Action Plan of GAIA 20.'30 includè both actions to bè carrièd at an organisational level IFEE leveu and al a programme level. The main actions identified within the Action Plan ol GAIA 20..30 are ihe lollowing.. 11 EDUCATION Idenlily andlor develop. galher and disseminate educational materials and resources about tlimate change. biodiversity and pollution for members, National Operators and other audience5 both within and outside the FEE network. 21 ADVOCACY - Gather storiès and bèst practicès from mèmbers and promote them to FEE'S global audiènces. Scale-up communication ellorts and strenglhen FEE'S role in the global dialogue about the strategic local area5. Produce and di55eminate an advocacy guide to help member5 lobby for action at the local and national levèls and use FEE'S eslablished brand and position to give credibility to members. advocacy efforts. Page 4
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Obl•ctlvos and act5vltl•s IcontSnu•d) 31 PROJECTS - Pursue funding opportunities and partnerships for developing new projects to be implemènted by FEE members. aimed at reducing environmental pollution. reversing biodiversity loss, educating about pollution and biodiversity topics and engaging young people with nalure. Increase promotion of existing pollulion-related projècts and showcasè FEE'S èxtensivè experience working Wlth pollution reduction and education. 41 PARTNERSHIPS - Bring FEE'S methodologies and influence lo new audiences through collaboration and partnership5. Continue to Strenglhen FEE'S role in the UNFCCC/uNESCO Action lor Climate Empowerment IACEI and strengthen FEE'S involvement with youth organisations. Dèvelop relationships to ensure that FEE has a voice in relevanl lorums that connect lourism and climate £hange. Present FEE'S programmes and our memt>er5' interest5 to player5 in the tourism industry. 51 SUPPORT - Adapt the FEE linancial slralegy lo make contingency funds available lo member5 and National Operators who are impactèd by natural disasters caused by climatè chan9è. to ensure continuity ol the FEE membership and programmes. Develop additional stralegies to support members and sites affected by disasters. Pursue funding opportunities and partnerships for developing projecls focused on clirnale change resiliency and adaptation. 61 ACCOUNTABILrrY - Ensure that tsrganisatlonal poli¢ies and events or9anised by FEE adhere to the FEE Environmental Policy and encourage Member Organisalions to apply Ihe policy lo their operations and other event5 they host. Ensure Ihal all ol FEÉ'S suppliers and providers adhere to the principles of re5pon5ible produ¢tion. and that FEE ilsell engages in responsible ¢onsumption. ¢ Pubut btn•fil The Trustees ¢onfirm that in exercising their power and dutie5. they have complied with their duly lo have due regard to the guidance on public benèlit published by the Charity Commission. Achl*vèmÈnts and pèrlormancè •. Revlew of 4clivllies Following the COVID 19 crisis. FEE updated it5 Travel Policy & Planning lor the FEE Head Office. focusing on thè nèed to reduce travèl-basèd Èmissions and to condenst multiple purposes in the same trip, whilè still acknowledging that physical interaclion between stakeholders is beneficial for the operations. The Board ol Directors (frusteesl met physically in 2023 at meetings held in March Imoroccol. June (The Netherlandsl, and twice in October (once physically. in Greece. and once virtually. lor an extraordinary session). Besides the general matters on the Board agenda. the main issues for distU5sion were the process to update EEE'S organisational slructur• and linaftcial systèms. This initialive. introduced earlier in 2022, vnderwenl meticulou5 preparation for presenlalion at the General Assembly IGAI. Followin9 115 introdvclion al the GA, the initiative progressed through various working groups. fostering dialoguè and èngagèment across thè organizalion. Presently. FEE is aclively engaged in discussions with its members. seeking insights lo effectively manaye the anticipated Yroh within the organization. Throughout the year. the Board of Directors IBODI has addressed membership-related matters. including the approval of new memberships and the continuous development and approval of processes and policies. This ongoing effort underscores FEE'S commitment lo fostering a dynamic and inclusive community dedicated to environmental education and sustainability. Page 5
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 In line with its slralegic objeclives. FEE diligently reported on its ollering valuable insights and contributing to broader environmental initiativès in linè with its vision and mission. This strategic reporting not only highlights FEE'S active participation bul also underscores its role as a key player in global environmental advocacy. The BoD demonstrated its commilmenl to FEES mission by actively participating in the organization's first unified NatlonaLQperatotLMeelty(NOM) in Rabat lor the three educational pro9rammes. Thi5 participation signifies the BOD'S dedication lo collaboralion and collective action. further strengthening FEE'S network and impact. In addition to the meeting in Rabat. FEE organised a virtuaL Blue Flag NOM5 in October and a physical Grèen Key NOM in Ekaterini. Greecè. in Novembèr. Additionally. FEE devoted resour¢es tts enhancing its headquarters, capacity. particularly in communication and related areas. This strategic investment underscores FEE'S proactive approach to organizalional development. ensuring ils ability lo effectively develop a coherent communications and marketing strategy, and lo fulfil ils mission In an ever-evolviny landscape. In June 2023, Ihe Foundation for Environmental Education IFEEI published ils Cllmal• Acllon Plin, following the process definèd for signatories ol the Gla$ll•JOC1•raI10n pledge lor thè Decarbonisation of the Tourism Sector, cornmitting (also via its Sustainable Tourism programme5 Blue Flag and Green Keyl to implement a series 01 actions to raise awareness about and to reduct the imp•¢ls ol climate change from tourism. FEE made a 5ignilicanl mark al COP28 by being a nolable presence in the inaugural educational pavilion. A5 the sole non-UAE represenlalivè with its dedicatèd booth. FEE showtasèd its commitment to environmental education and sustainability on a global stage. Throughout the event, FEE actively engaged in numerous se55ions, leveraging these opportunities lo present its initialive5, forge partnerships. anil elevate the visibility of its work. Notably, FEE took the opportunily lo sign agreemenls with new partners, lurther expanding its network and impact. At COP28. FEE slralegically aligned ils efforts with key global initialive5, including the Greening Edutation Partnership IGEPI and the UN Dtcadt lor Ecosysttm Rèstoration. Spècilitally, FEE presented on the integration ol suslainability principles inlo vocational education lor the hospitality worklorc8. showcasing 115 innovative approach lo embedding su51ainability praclices al the core ol educational curricula. Furthermore, FEE'S representation al the Glasgow Oeclaration booth underscored ils dedication to promoting sustainability within Ihe tourism sector. The G•n•ral Assembly (GA) marked a pivotal moment for FEE, with the election of a new BOD. Six members were re-elected. demonslraling a vole ol conlidence in Iheir continued leadership and dedication to FEE'S mission. Onè member stepped down. whilè a new BoD membèr was èlected. bringing frèsh perspectives and expertise to the board. Nolably, Ihe GA represented a significant milestone as il marked the first physical gathering Since the onset of the COVID-19 pandemic. with the last in-person GA held in 2018. Thi5 return lo physical meetings underscored FEE'S resilience and adaptability in navigating challenging circumstances. During the GA. audils lor the two previous years were approved, ensuring transparency and accountability in FEE'S finantial opèralicns. Members a150 received a tomprehensive report on thè organization's dèvèlopmènt. providing insight into its achievements. challenges, and luture direction. Furthermore, thè following day saw Ihe convening of thè first physical FRAN (FEE Règional African Netwerk) plenary meeting. In response to a series of challenges that the members ol FEE in the Global South are facing. the oryanisation established the FEE Re ional African Network FRAN in 2021. This sèssion provided an invaluable platform lor African countries and members to discuss collaboration opportunities, share insights on common challenges. and articulate their expectations regarding FEE'5 SUPPOrt in the region. By fostering dialogue and tollaboration, FEE reaflirmed its commitment to èmpowering its members and driving positive change at the regional level. Page 6
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 In 2023. FEE look proaclive steps towards fostering collaboration and partnership in response lo the emerging dirèctive on Grèèn Claims, èmpowèring consumèrs in thè green transiliort. Through the crèation of robust processes and active FEE played a pivotal role in the development of a partnership aimed at addressing future developments in sustainable tourism practices. Thi5 initiative underscores FEE'S commitmènt to promoting transparency and credibility in environmental certilications. aligning with evolving regulatory frameworks. Building on ils advocacy efforts. FEE leveraged the momentum generated by its involvement in the Running Out of Time (ROOT) initiative in 2022 10 continue advocating lor climate education. This advocacy materialized in FEE'S co-leadership ol Pillar 1 within thè Collaborating tlosèly with UNESCO, FEE is at the lorefront ol ellorts to integrate climate education into national curricula, ensuring that future generations are equipped with the knowledge and skills to addre55 pressing environmental challenyes. Through these initiatives, FEE realfirms ils position as a key player in environmental advocacy and education. driving positive change al both the local and global levels. In 2023, the Lltter Lq¥¥ Plus (LLP) ¢JmpJlgn was run Irom January to December, aiming at bolstering FEE'S global ellort5 to raise awarene55 about and combat pollution. Integral to FEE'5 GAIA..2030 51rategy. LLP seamlessly linked with thè Litter Less Campaign ILLCI, leveraging rèsourcès and actions takèn by all FEE member organizations. Notably. all participants in the LLC were also engaged in Ihe LLP, highlighting the cohesive nature ol FEE'S pollution reduction initiatives. Key achievements of the LLP include.. Clrcuiar Economy Projects In Schools.. FEE received 110 project proposals from teachers around the world and disseminated 60 grants, each about £500 to schools from 13 countries. The schools designed and implemented projects on circular economy on the whole school approach and submitted reports on their projects. Pollutlon Qulzz•s and W•blnars.' quizzes on pollution garnered significant participation, with ovèr 1,300 individuals taking part. Additionally. FEE hosted seven successful wèbinars on various pollution-related topics, attracting a total ol 1,127 participants. Global Actlon Days IGAOI.. The Iwo-weèk GAO campaign held in April witnessed a 25% incrèase in registrants compared to the previous year. With 1.581 institutions from 87 countries participatin9. GAD 2023 engaged over 217.000 participants globally. The campaign garnered substantial online engagement, with the GAD Facebook group witnessin9 a significant increasè in membership and interaction. Lèsson Plans Competition.. A Lesson Plans Compelition on pollution was Conducted for teachers. with the best four teachers rècognized for their outstanding contributions. In 2023. FEE reached a signilicanl mileslone with the conclusion ol the leslamenl lo ils commitment lo nurturing the next generalion of environmental leaders. Throughout the programme. mèntored youth showcased remarkable projects. demonstrating thèir passion lor environmental stewardship and innovative solulions. As FEE rellects on the lessons learned Irom this inilialive, a dedicated proces5 ha5 been initiated to discern the m05t eflective strategie5 lor continuing and expanding this impacllul work in the future. In the past ytars, FEE èngagèd thè sÈrvieÈs of Ztslissimèl an extèrnal consultanty firm. This partnership proved instrumental in refining and enhancing and outreach initiatives. As the ollaboration evolved. FEE rnade the strategic decision to e5tabLi5h an in-house direclor-level p051tion for communication and marketing. The recruitment process culminated in the appointment of a seasoned professional who commenced duties in earLy 2024. WhiLe transitioning towards in-house expertise, FEE will gradually phase out its rèliante on extèrnal tonsultanty support. Page 7
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 In 2023, FEE'S commitment to global environmental education was exemplified through the deployment ol a mèmber ol its network to South Afrita. This initiative was part of thè FEE Ambassadoes Programn)È, aimed at extending FEE'S reach and impact across diverse regions. The selecled member travelled to South Africa to lend support to the development of the LEAF {Learning about Forests) programme in the country. In August 2023, FEE concluded its firsl year wilhin the with UKRI funding FEE la5k5 under the Horizon Project Guarantee. The project engaged Naticnal Operators INOs1 from Belyium. Italy, Greece, Spain. Poland. Germany, and Sweden. As leader ol the Consultation Working Group ICWGI ol re51auran15, FEE recruited 26 re51aurants across 10 countries. lacililaling data collection on their needs and ¢urrent initiatives lor offering Sustainable and healthy food options. In Octobèr 2023, the first physical Consortium Meeting took place in Barcelona. where FEE presented the project's initial outcomes. FEE'S involvement focu5e5 On examining the role of education in shaping better food environments through curriculum and school practice As an associatèd partner ol Ihe BioBeo projèct. FEE'S ovèrall aim is to develop and implement an education programme to improve underslanding and engagement across society regarding circularity and th bioeconomy. FEE Head Office a150 joined a Steeriny Commitlee meeting held in Warsaw in November. In 2023, the FEE Board ol Directors Was pleased lo for.. Sint Maarten, Environmental Protèction in the Caribbean {EPICI Armenia, 'ISSD' Innovative Solutions tor Sustainable Oevèlopment of Communities Estonia. Foundation Tartu Environmental Education Cènlre had their membership status changed and became an associalè member In 2023, The Board ol Director5 a150 approved the upgrading of ihe following to EuILM.. Poland, Polish Foundation for Environmental Education Trinidad and Tobago. Green T & T Chile, Fundaction Educarse Nèw Zealand. Keep New Zealand Beautilul Malaysia, Green Growih Asia Foundation Oenmark, National Park Skjoldungernes Land In 2023. the full member ECAT had its In re5pon5e to Ihe unfortunate Loss of a key figure within the FEE Headquarters, the organization, in consultation with the Board ol Directors. embarked on a restructuring initiative aimed at fortifying its educational programmes. Recognizing the increased workload and evolving opportunilies within this vital area. FEE made the strategic decision to employ two director-level position5. These new role5 were designed to provide focused leadership and support in developing and expanding FEE'S educational initiatives to better align wilh emerging opportunities and demands. Page 8
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Additionally. as thèse expanded opportunities would necessitatè additional resources, FEE initiatèd a process at the end of 2D23 to recruit in wilhin the organization, lo commence in 2024. This proactive step underscorès FEE'S commitmènt to sècuring thè nècèssary rèsources to sustain its growth and effectively address the evolving needs ol ils educational programmes. By investing in talent and resources, FEE is positioning itself to further advance its mission of environmental education and sustainability on a global scale. In a dèrnenstration ol thÈir commitmÈnt to Èxpanding FEE'S global rtach and impatt. sèveral members of the Board ol Directors IBOOI actively engaged in exploring. initiating. and supporting the memberghlps In Soulheast Asla. This proactive involvement included significant effort5 such as Iravelling to the region to cultivatè rèlationships and fostèr partnerships Conducivè to membership yrowth. a. FEE A¢ad•my In 2023. 5092 new users joined FEE Academy. resulting in a lolal 017277 users by the end of 2023. The lop 5 countries rèpresented by users are thè United Arab Emirates. thè Unitèd Kingdom, Greecè. India. and Malaysia. In 2023, a significant majorily (almost 4000 users) of new users identifi8d as educalors. In 2023. FEE Academy hosted 21 unique courses. Both Green Key and Blue Flag developed Courses to train and build capacity within the FEE network lor Control visits IBlue Flag sitesl and audits lof Green Key establishmenlsl. The educational programmes conlinved to run the existing prograrnmes dedicaled lo teacher Iraining and programme implemenlalion. Several courses were also Iranslated in 2023. The Learning & Teaching about SDG5 course. funded ihrough the Alcoa WS projètt, was translated into French. Spanish. Norwegian, Ilalièn, Arabic and Mandarin. Thè GAIA 20.'30 Biodiversity and Pollution courses were also translated into Italian, Arabic and Mandarin. Thè Climate Change Education.. From Action to Knowled9è course, dèvelopèd in partnership with thè Office lor Climat• Education was ollicially launched in April 2023. and had over 1000 enrolled parlicipanls by D&cemb8r. The Eco-schools Seven Steps coursè began a critical tool for FEE as a co-lead ol Pillar l of the Greening Education Partnership, wilh over 1000 parlicipants enrolled in the course and a course complelion rate cl ju5l under 50%. Through the Green Key projecl with GIZ Cambodia. Ihe Basics lo Suslainability in Tourism and Hospilalily course was launched by thè ènd ol the year. Page 9
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 b. Blue Flag In 2023, Blue Flag held Iwo international juries lor the Northern and the Southern hemispheres. Bluè Flag awarded 4,212 beaches, 711 marinas and 122 boats lor a total 015.045 sites in 52 countries. That is respectively -& beaches. -23 marinas and 46 boats compared to 2022. The global balance was mainly impacted by the loss of Blue Flag awarded sites in Russia and Ukraine1-60 BF sites between the two countries). The US and Albania received Iheir lirsl Blue Flag awards, opening new regional areas. In 2023, Blue Flag International renewed its corporale partnership agreement with Pick a Pier for another two years 1202312021bl. FEE applied lor an EU funded large scale project toward5 ec05y5tem restoration and coastal resiliency with thè FUTURE BLUE Consortium. Evèn il unsuccessful, this built on the good relationship with Econcrete. The cooperation with Econcrete in regard ol the European Project 'Living Ports" has been completed. FEE and ECOn¢rete are seeking new ways lor collaboration with potential fundings, e.g. Call lor projects, etc. Blue Flag International IBFII answèred an EU Interrey Baltic call for proposal togèther with GERICS. DOC, FEE Lalvia, and EUCC-D. The project locus•s on Climate Adaplalion Local Communities Action Plan in the Baltics and was approved. The proje¢l ki¢ked oll in September 2023. BFI continues Its engaye in data sharing with EU research institutions and participates in the EU Tourism Dashboard and started a collaboration lor the EU Nature 8ased Tourism assessment. FEE was approached lo join Ihe UN Ocean Decade NGO taskforce. The BF International Director reprèsents FEE and thè nètwork on this plallorm. The global Blue Flag criteria revision Working parties kicked off early 2023. with the selling up of seven working groups looking at the GAIA 20.'30 pillars and other important themes lor the standard. A seriès ol virtual meeting5 culminating al the Blue Fla9 Vlrtual NOM in October 2023 have been held lor each working party. The work is still under way during 2024. In 2023, the BF International Coordinator has started a remote posl-graduale 5peciali5alion degree on a parl- lime basis to support thè necessary revision of the Bluè Flag processès in light of thè EU Grèen Claims Directlves and lourism verification standards expeclalions. BFI attended several partners. internalional confèrences in 2023. including the ICOMIA International Conference in Portugal, Sail Training Inlernational Conference in France, as well a5 the national conference5 in Turkey and Spain. Page 10
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 L Gr•on Key In 2023. Green Key experiènced significant expansion. witnessing a remarkable surge in cèrtified eslablishments. The programme saw a nearly 30% increase, with Ihe number ol certified establishments growing from approximately 3,700 to around 4.800 by the end of the year. Green Keys growlh was facilitated by successful collaborations Wlth major international hotel chains and tour opèrators. Building on Èxisting partnerships with prominÈnt namès such as Radisson Htrtèl Group and NH. Green Key expanded ils reach by welcoming three new international hotel chains, including Accor Hotels and IHG Ilnlercontinentall. Additionally. strengthened cooperation with tour operators like Jet2holiday5 further propelled Green Key's impact. In 2023, Green Kèy solidified partnerships with key industry stakeholders to advance sustainable lourism efforts. Notably. formal agreemenls were established with the Sustainable Hospitality Allian¢e and the Caribbean Hotel and Tourism Association. aiming to emp¢*wer sustainable tourism initiatives globally. including certilication programmes in the Caribbean region. Internally. Green Key introduced nèw onlinè application and audit tools to streamline cèrtification processes. Partnering with a new databas8 provider enabled faster collaboration with online booking platforms, enhan¢ing visibility lor certified establishments and ¢altring lo Ihe growing intere51 in sustainable accommodations among travellers. Green Kels impact was lurther undèrscored by increasing attèntion in the media and online platforn)s. The programme's website experienced a significant surge in unique visitors. reflecting heighlened interest in St151ainable lourisffl and in Ihe programme s work. Addilionally. media monitoring inilialive5 yielded p0511ive results. indicating growing recognition and visibility for Grèen Kèy in the public sphere. Page 11
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 d. Eco-schoois In 2023, the Eco-schools programmè èngagèd over I million tèachèrs and morè than 14 million students across 49,600 schools in 74 countrie& Eco-schools expanded to include Bangladesh and Armenia. while Australia Iransitioned its membership to KA8 regional ollices. However, ECAT in the UAE ended its membership, leading to collaboration with Ihe UAE Ministry ol Education. The programmÈ also èxtended to 47 intèrnational schools in non-membèr Countries. Per50nnel change5 saw the addition of two Directors ol Education. a coordinator for the EU project PlanEAT and Ecocampus, and an additional part-limè employee to support International Schools managèment alongside her role as Eco-schools NO in Argentina. The inaugural joint educational programmes NOM lor Eco-schools. YRE, and LEAF was held in Rabat, Morocco. hosted by The Mohammed Vl Foundation lor Environmenlal Protection. FEE Ecocampus underwent review. wilh plans lor a development Strategy and the first inl8rnalional conleren¢e s¢h¢duled lor 20211. The Eco-schools WS project concluded. while Ihe E-SPACE project, sUPPOrted by Prall & Whilnel5 E-STEM Awards, concluded succèssfully in mulliple countries. FEE participated in Ihe New European Bauhaus (NE8-LABI project launch. By building on the concept ol Open Schooling. the selected pilot sites will develop concrete and replicable climatè action plans, raising citizen awareness activities to lacilitate social innovation. promote education and Iraining lor 5UStainability. In 2023, a lotal 0147 inlernational schools were actively part ol FEE'S ESO programmes in 21 countries. Two international schools Irom Saudi Arabia renewed Iheir Green Flag award, and two new international schools were awarded with a new Green Flay. onè from Botgwana and one from Cogta Rica. Aller thè closure of the nnual registration window on January 31sl. 2024. nin• new International Schools registered. FEE played an active role in Ihe development ol thè Greening Education Partnership IGEPI, launched by the UN Secrelary General in 2022. and was well-represented ai COP28 in Dubai, facilitating discussions on various environmental topics. Additionally. thè FEE Teather Award was celèbratèd on World Environment Day, with a call lor new applicants launched later in Ihe year. Page 12
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 o. Young Rèportors lor th• Envlronmènt As the former YRE Director sadly passèd away in July 2023 duè to illnèss. thè Hèad Oflice staff had to re- prioritise aciivities until a new Education Director has taken over. Nevertheless, the YRE programme managed to run the main activities and mainlain close communication with the member countries. In 2023, we ran YRE in 7154 schools in 44 countries. involving 336,284 students and about 2B,000 teachers. Our awarenes5-raising YRE activities reached about 5 million people around the globe, calling for environmental actions. The YRE Competition saw 22.789 entries. where 7.804 wère articles. 13,142 photos and 21.103 videos. Our member in Brazil. IAR as well as Czech RepubliL TEREZA will no longer be running YRE. The new Media Category was approved in 2023 and will become part of Ihe International YRE Competition startin9 2025 and will be communicatèd to NOS during 2024. Thè new catègory will locus on podcasting lor 202412025 competition and th•n in 202512026, th• artistic journalism category will be implemented. The YRE Director attended and was a kèynote speaker at the 6th WOSM Conference organised from Isl until 3rd December in Paris. During Ihi5 conlerence, LWD also ran a workshop session with Scout Leaders from areund the world lo show how they could implement the YRE programme in their scout groups and how YRE can be used as a tool to help support Greening ol Education Partnership IGEPI pillar 4 and foster youth leadership. The collaboration wilh UNESCO'S ASPnel schools is expanding through the YRE-Lilter Less Campaign and more tountries tomè on board. Currently we have 10 UNESCO countries that partitipate in LLC activitiès and 3 more will likely join in year 3 01 the campaign. In 2023, the Littèr Less Campaiyn had been combined with the Littèr Lèss Plus Campaign and was opèn up lor 11 ol FEE Educational Programmes. For mor• delails. please look at Ihe LLP section. YRE-LLC strengthened the collaboration bètween YRE and scouts NOSMI by presenting YRE and LLC at the Jola Joti international online scout evenl in October. Our successful collaboration wilh UNESCO ASPnet scheols throu9h the YRE-LLC is also èxpanding to more countriès. Page 13
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 f. Lèarnlng Aboul For•ls In 2023. thè LEAF programme was implèmented in over 3.900 schools across 27 countries. Ovèr 669.00 students and 23,700 teachers participated in the programme, including planting over 275,000 trees worldwide. In 2023. Germany and Scotland completed their 2022123 free pilot year running the LEAF programme, while FEE member in Brazil. IAR and FEE Latvia indicated they would no longer be running LEAF in 2024. At the international lèvèl. LEAF is lèadin9 FEFS involvèmènt in thè UN Dècadè on Ecosystèm Rèstoration as a Supporting Actor. FEE is also co-leading the Education Challenge 6.1 which aims to embed ecosystem re51oralion education IEREI into formal and non-formal education system5 worldwide by 2030. Alter the last meeting with UNESCO and NAAEE in Seplember, il was agreed that the next prograrnme efforts will locus on the establishment of an Advisory Board. A list ol members lor the advisory ¢ommittee and their suitability were reviewed. In September. LEAF was represènted lonlinel at thè International Confèrence on Sustainability Education IICSEI and gave a presentation on Ihe UN Decade on Ecosystem R•storation's initiative. For third year. LEAF has been selected as one of the most impacllul and scalable innovations in education by the 2024 HundrEO.org Global Colleclion. FEE has also linked teachers from the nelwork using the eTwinning plallorm with the University ol Hohenhgim (Germany) lo a55151 with the pilot of an educalional bioeconomy board game. FEE HO participated in the lir51 Advisory Board of the sister project - GEN B. Through the LEAF programme. FEE se¢ured ¢xtnded funding from the Helvellyn Foundation until 2025. supporting aclions aligned with the UN Decade on Ecosystem Restoration. g. Global Forest Fund In 2023. the Kenya Organization for Environmental Education IKOEE), a mtmbèr organizètion ol FEE, continuèd its irnpacllul Global Forest Fund IGFF) project. Tree Planting as a Pathway lo Green Growth and Sustainability,, with significant succe55. The proiecl locused on educating students and leachers about the benefits ol trees. forestry practices. and actively èngaging them in activitiès such as irrigation and monitoring ol planted trees. To èmpowèr studènts. KOEE lormtd a student ttam tasked with lÈèding thè projèct and èdutating thèir pèers about the economic. social. and environmental benefits of Irees. Additionally. capacity-building sessions were conducted for teachers and parents. emphasizing Ihe incorporation of Iree-related information into leaching lèssons and promoting trèe nurturing within Communities. Monitoring activitie5 included the capture ol photos and videos tts track thangès in thè plantèd sitè ovèr timè and assess tree survival rates. Efforts were also directed towards site management. including weeding, to ensure optimal growth conditions. Despile challenges such as drought and curriculum con51raints impacting tree survival, KOEE remains cornmilted to the project's suttess. planning lor the replacement ol dead tree5 and future planling activilies with the onset ol expecled long rains in early April. Page 14
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Fundralslng act5vltl•s and Sncomè g•n•ratSon Total fund balance on 31 Oecèmber 2023 was £1.510.038 {2022'. el.277.7911. comprised ot. 1.260,86712022.. £1.128.I911 Unr¢51ricted funds 249,17112022.. É149,300IRestricled lunds FEE does not have any third-party fundraisers acting on its behalf and has not received any complaints about its lundrai5ing activity over the last year. Flnanclal RevS•w a. Golnq conc•rn Alter making appropriate •nqviri•s. the trustees have a reasonable expectation thal the charitable company ha5 adequate resources to conlinue in operational existence for the foreseeable future. For thi5 reason, they continue to adopt the going concern basis in prèparing the linancial slalèments. Furthèr dètails regarding thè adop¢ion ol the going concern basis can be found in Ihe Accounting Policies. b. R•%•rv•i poucy The Trustees aim is to establish unrestricted reservès amounting to 6 months of operating costs however. the Truslees are also committed to Ihe continuing growth and developmenl ol ihe charity and therefore it is recognised that rèsèrves are also rèquired tts deliver this objettivt and as a rèsult. it may take some time lo achieve the targel level of reserve Thè charity's Irèe reserves total £l.161.56112022.' el.045.4691. Free rèsèrves allocated lor cover for operating costs on the 31 December 2023 amounted to É600.000 Iwilh lh• remainder allocaled for growth). This is about 80% 01 the full required amount and FEE aims lo continue to increase the reserve lynd5 whenever possible towards the 6 months targel. This allocation is generally done based on recommendations from the GA on prioritization ol use of lunds. Invgstm•nts pollcy The Trustees have a policy of placing Ivnds into short-term cash deposits. which oller an acceptable level ol risk for the charity. Page15
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Flnanclal RevSew Icontlnuèd) d. Summary ol flnanclal porfonnantè The FEE Slalulory A¢¢ounls 2023 ¢ontinu¢d the ctsnsolidated financial report in¢luding all ol FEE'S international activities with the general administration, all programmes and all projects being part of the financial reporting in the account5. The following comments relale to the statutory accounts and budget lor 2023-. Incom• and Exp•ndltur• accounts a. The overall income lor the year is e67k higher than budgeted. The moin reason for this is that FEE received an agreement from Helvellyn whom will contribute £50k per year lor 3 years lo support FEE activities. These funds will be unre51ricled, however, use ol these funds have already be planned lo ensure they meet the ayreèment terms. Other contributiny lactor for thè growth of 2023 is attributed to the exponèntial growth ol the Green Key International Hotels. b. Wages and salaries budget are É71k lower than budget. The difference is mainly due to stalling changes during the year. c. Travel and Meetings have not had a significant change compared to the budgeted amount. FEE is also continuing to minimise ils travel need5 to meel the GAIA 20..30 slrafegy. d. PR and Marketing are É80k lower ihan budgeled. The conlributing lactors lor this were related to the educational team hèld a joint NOM in Marth 2023. Grant expenses have not had a 5ignilicanl change compared lo the budgeted amount. l. Other expenses are £158k lower than budgeled du• to lh• change in timing of some ol th• budget8d development expenditure. l. The overall net income for the year is e379k higher than budgeted. The main reason for this for the same rèasons stated above. Balance sheet a. Debtors at Ihe end of 2023 include unpaid feesnevies from member organisalions. The value ol the individual receivables have been evaluated and accounted for. b. The cash in bank at year-end amounl lo tl,476.596 and are all placed in accounls in Danske Bank affiliate5. Page 16
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Plans lor futur• pèrS¢ds During the coming years FEE will nèèd to increasingly implèment its ten-yèar GAIA 20-.30 strategy focusing on Climate Change, Loss ol Biodiversily and Environmental Pollution as the main themes for its work. FEE plans lo execute this strategy on a four-year cycle that will allow lor meèsurernent. evaluation and change when needed. All FEE programmes follow focused two-yèar action plans driving the strategy implementation and measure the impacl of these aclions at all levels ol the programmes engagemen¢. FEE will report annually lo its mèmbèrs on thè progrèss il has madè basèd on thÈ KPIS it has sÈt to mèasurè this impatt. FEE will continue to develop materials, projects and partnerships aimed at increasing the strategy impact. FEE continuès to develop its capacity to apply and lèad largè seale governmental and institutional projects likè the EU Horizon 2020 and UK Aid calls. By doing so. FEE can increase its impact and position while in¢rementin9 and diversifying its sources ol lunding to do S¢. FEE will continue duriny 2024 to apply lor number ol calls lor projects and locus both on education and on coastal development, lorwarding the GAIA 20:30 strategy and 115 objectives as part ol the planning and implementation ol these projects. In line with ils commitment to environmenlal educalion and sustainabilily, FEE prioritized the expansion ol its ESD programmes, with a parti¢ular Io¢us ¢n the GEP. Ellorts were and will be directed l¢*wards in¢reasing the number ol schools and teachers engaged in these programmes. facilitating the integration ol climate change education into educational curricula. Simultaneously, FEE will dedicate resources lo enhancing its non-formal educational capacity and impact le.g. Scouls, Sail Training Inlernational). FEE will focus on developing innovalive approache5 to engage diverse audiences and foster environmental stewardship beyond traditional educational settings. Thèse ellorts aim to maximize FEE'S reach and ellectiveness in promoting Sustainable practices and behaviours. Looking ahead, fundraising will play a pivolal role in supporting FEE'S luture endeavours. particularly in advancing the obieclives oullined in the GEP and the UN Decade ol Ecosystem Restoration. FEE 15 POi5ed lo increase ils activè lundraising activities through various channels, including governmèntal grants and corporate loundations, lo secur• the resources necessary to drive meaningful impact. FEE intends to look at how to further develop its tourism-based programmes to make surè that its commitment to the Glasgow Declaration malerialises in conlinuous improvemenl and updales ol ils climate attion plan. During 2024. the 81ue Hag programme will have a physical NOM in Trinidad and Tobago. bringing National Operators together to discuss relevant developments in the programmes and in thè implementation ol GAIA 20.30, to share plans and opporlunities lor the fulure. and to lavour inlernal networking. In 2024, the stalf of FEE Head Ollice will continue lo parlicipate in international Conferences, such as COP 29 on Clirnale Change and more. so Ihat Ihe experiences and best praclices from the network, as well as the agenda ol GAIA 20=30 can be brought to thè attention ol local, regional, national and internationèl decision- makers, while ensuring that its commitmenl to reduce travel-related emissions is implemented. Lastly, FEE will continue in its effort to build solid and valuable partnerships to synergise with other corporate and institulional organisations and increase the impact according to FEE s GAIA 20:30 strategy. Page 17
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) TRUSTEES REPORT {COIfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Statom•nt of Trust••¢ r•spon*ibillti•s The Trusteès (who are also the dirèctors ol the charitablè company lor the purposes ol company lawl arè responsible for preparing Ihe Trustees. report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kinydorn Generally Accepted Accountin9 Practice). Company law requires the Trustees lo prepare financial slalemenls for each financial year. Under company law, the Trustees must not approve the tinancièl stètèments unlèss they are satisfièd that they give a true and lair view of the slate of allairs ol Ihe charitable company and ol ils incoming resources and application ol rèsourcès. including its in¢tsme and expendilure. for Ihal period. In preparing these financial statements. the Trustees are required lo.. select suitable accounting policies and Ihen apply them consistently. observe the method5 and principles ol the Charitie5 SORP IFRS 1021,. make judgments and accounling estimates that are reasonable and prudent- slate whether applicable UK Accounling Standards IFRS 1021 have been followed, subject lo any malerial departure5 di5c105ed and explained in Ihe financial statementS,' prepare Ihe financial slalements on the going concern basis unle55 1115 inappropriate to presume Ihal the charitable company will conlinue in busines The Trustees ar• responsible lor keeping adequale accounting records that are sufficient to show and explain the charitable company'5 transactions and di5c105e with reasonable accuracy at any time Ihe financial p051tion of thè charitable company and ènablè them to ènsurè that the linancial statèments comply with thè Companies Act 2006. They are also responsible lor safeguarding the assels ol the charitable company and hence for taking reasonable steps lor the prevention and dele¢iion ol fraud and olher Irregularities. DlJclo•ur• ol Inlormallon lo •udllors Each of the persons who are Truslees al the time when this Truslees. report is approved ha5 conlirmed Ihat.. so lar as that Trustee is aware. there is no relevant audit information of which the charity's auditors are unawarè. and that Trustee has taken all thè steps that ought to have bèen takèn as a Trustee in order to be aware ol any rèlevant audit information and to establish Ihal the charitys auditors are aware ol that information. Approved by order ol the members ol the board of Trustees and signed on Iheir behalf by.. Lesley Jones Chairwoman and President Date.. 26.04.2024 Page 18
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION Oplnlon We have audited Ihe financial statemenls of Foundation lor Environmental Edutation (thè 'charitablè tornpan for the yèar ènded 31 Detèmbèr 2023 which tomprisè thè Statement ol financial activities, the Balance sheet, the Statement ol cash Ilows and the related notes. including a summary of significant accounting policies. The linancial reporting Iramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Thè Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland. (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the linancial slalements.. give a true and lair view of thè state of thè charitablè companls allairs as at 31 Decèmber 2023 and ol ils in¢oming resour¢Ès and applicatitsn of rtsourtès. intludiny its in¢ome and expènditurè lor the year then ended.. have been proptrly prepared in accordance with United Kinydom Generally Accepted Accounting Pra¢tice', and have been prepareil in accordance with the requirements ol the Companies Act 2006. Basli for oplnlon We ¢ondu¢ted our audit in a¢¢ordan¢e with Inttrnati¢*nal Sland)rds on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those slandards are lurther dèscribed in the Auditors. responsibilities lor the audit of the financial statemen15 seclion of our report. We are independent of the charitable company in accordance with thè ethical rèquiremèftts that arè rèlevant to our audit ol the financial statements in thè United Kingdom, including the Financial Reporting Council's Ethical Slandard, and we have fulfilled our oth8r ethical re5ponsibililies in accordance with these rtquiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis lor our opinion. Conclujlons r•latlng to golng conc•rn In auditing the financial slalements. we have concluded that the Trustees. use ol the going concern basis ol accounting in the preparation of ihe linèn¢ial statements is appropriate. Based on the work we have performed. we have not idenlified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concern lor a period ol al lèast twèlve months from whèn thè financial statemènts are authorised lor issue. Our responsibilitiès and the responsibilities ol the Truslees with respect to going concern are described in the relevant sections ol this report. Page 19
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION {CONTINUEDI Oth•r Inforniallon The other intormation tomprisès thè information intludtd in tht Annual rèport othèr than thè finantial statements and our Auditors. report thereon. The Truslees are responsible lor the other information contained within the Annual report. Our opinion on the financial statements does not cover the other inlormation and. except to the extent otherwise explicitly stated in our rèport, wè do not express any form ol assurancè conclusion thereon. Our responsibility is to read the olher information and, in doing so. consider whether the othèr information is materially in¢on51StÈnt with th¢ financial statemènts ¢*r our knowlèdge obtainèd in thè course ol the audit. or otherwise appears to be materially misslaled. 11 we identify such material inconsi51encies or apparent malerial misslalemenls, we are required lo determine whether this give5 rise lo a material misstatement irt thè lirtancial statemènts themselves. If. basèd on the work we have performed, we conclude that Ihere is a malerial misstatemenl of Ihis olher inlormation, we are required to report that fact. We have nothiny to report in this regard. Oplnlon on oth•r matt•rs prejcrlbqd by the Comp•nl•s Acl 2006 In our opinion. based on the work undertaken in the course of Ihe audit.. the information given in the Trustees. report lor the financial year lor which the financial slalements are prepared 15 consistenl with ihe financial statemenls. Ihe Trustees. report has been prepared in accordance with applicable legal requirements. Mèlt•rs on whlch w• ar• r•qulr•d lo r•port by •xc•ptl•n In the light of our knowledge and understanding of the charitable company and it5 environment obtained in the course ol the audit. we have not idènlilied material misstatements in the Trustees. report. We have nothing to report in respecl ol the following matter5 in relation lo which Companie5 Act 2006 requires us to report to you il. in our opinion.. adequate accounling records have not been kepl, or returns adequale lor our audit have not been received from branches nol visited by us., or Ihe financial statemenls are not in agreement with the accounting records and relurns., or certain disclosures ol Truslees. remuneralion specified by law are not made., or we have not received all the inlormation and explanations we require lor our audit,. or Ihe Trustees were nol entitled to prepare the financial slatements in accordance with the small companies regime and take advantage ol the small companies. exemptions in preparing Ihe Trustees. report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more lully in Ihe Truslees. responsibililies statement. Ihe Trustees (who are also the direclors ol the charitable company lor the purposes ol company lawl are responsible lor the preparation ol the financial statements and lor being satislied that they give a true and fair vièw, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemènt, whether duè to fraud or error. In preparing the linancial slalements, Ihe Trustees are responsible for assessing the charitable companvs ability to continue as a yoing contèrn. disclDsing, as applicable. matters related to going concèrn and using thè going concern basis ol accounting unless the Trustees either inlend to liquidate the charitable company or lo ease operation5. or have no realistic alternative but lo do so. Page 20
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION {CONTINUEDI Audltors. r•spons5b51511•s for th• audlt of th• financ5al slat•ments Our objectives are to obtain reasonable assurance about whether the linantial statèmènts as a wholè arè frèè from material misslalement. whelher due to Iraud or error, and lo issue an Auditors, 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 IUKI will always detect a material misstatèment when it exists. Misstatements can arisè from fraud or error and are considered malerial il. individually or in the ag9regate. they could reasonably be expectèd to influence the econtsrnic decision5 01 users taken on the basis ol these finan¢ial 5tatement5. Irregularities, including Iraud. are inslances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect ol irregularities. including Iraud. Thè objectivès ol our audit in respèct ol fraud are,. to idèntify and assess thè risks of material misstatemènt ol the financial slalements due to Iraud: to obtain sullicienl appropriale audit evidence regarding the assess8d risks ol malerial mi551alemenl due lo fraud, Ihrough designing and implefflenling appropriate responses lo those assessed risks.. and to respond appropriately to instances ol fraud or suspècted fraud identified during the audit. However, the primary responsibility lor the prevention and deleclion ol fraud rests with both the management and those char9èd with 9ovèrnan¢e of thè charitabl* company. Due lo the lield in which the charitable company operate5. we idenlified the area5 most likely lo have a direct material impact on the financial statemènts as.. compliancè with UK accounting standards. thè Companies Act 2006 and Ihe Charities Act 2011. In addilion, we considered the provisions ol other laws and regulation5 which, whilst not having a direct impact on the linancial statements, are fundamental to the charitable companls ability to operate including Employment Law. GOPR and compliance with various other regulations relevant to the operation ol Ihe charilable company. Our approach to idenlifying and assessing Ihe risk ol malerial misslalement in respect of irregularities including fraud and non-compliance wilh laws and regulalions. included the following.. Enquiries with management about any knowledge or suspected instances ol non-compliance with laws and règulations and fraud., Reviewing board minutes., Reviewing legal and professional fees for indicators ol litigation- Reviewing transactions with counlries on the Financial Action Task Force listing and enquiring with management about the due diligence procedures and conlrols in place., Reviewing financial statemenl disclosures and testing lo supporting documenfafion to assess compliance with applicable laws and regulalions.. Assessing the risk of material misslalement ol the financial statemenls, including the risk ol material missfafement due to fraud and how it might occur, by holding discussions with management and those charged with governance.. Challenging assumptions and judgements made by management in their significant accounting estimates. in particular in relation to provision for bad debts.. and Auditing the risk ol management override of conlrols, including through testing ol journal entries and other adjustments lor appropriateness. Page 21
FOUNDATION FOR ENVIRoNmEAL EDUCATION IA company lirnited by guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF FOUNDATION FOR ENVIRONMEKfAL EDUCATION {CONTINUEDI Due to the inherent limitations of an audit, there is a risk Ihal we will not detect all irregularities, including those leading to a material mi551alement in the linancial statements or non-compliance with regulation. Thi5 risk increases the more that eompliancè with a law or regulation is removed from the events and transactions reflected in the linancial statements. as we will be less likely to become aware of instances ol non- ¢ompliance. The risk is a150 greater regarding irregularities occurrin9 due to fraud rather than error, os fraud involves intentional concealment. forgery. collusion. omission or misrepresentation. A furthèr des¢riplion ol our responsibilitiès ltsr thè audit of thè financial statemÈnts is locatèd on the Financial Reporting Council's website at.. www.1rc.or .uk auditorsres onsibilities. This description forms part ol our Audilor5' report. Us• of our r•port This report is made solely lo the ¢haritable ¢ompan(s members. as a body. in a¢¢ordan¢e with Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company'5 member5 those matters we are required to State lo them in an Auditors, report and lor no other purposè. Te thè fullest extent permitted by law. wè do not accèpt or assumè rèsponsibility to anyone other than the charitable company and its members. as a body, lor our audit work, lor this report, or lor the opinions we have formed. Joann• Fox BA FCA IS•nlor statulory audlt•r} lor and on behalf ol BW Aud1¢ Llmlted Chartered Accountants Sialutory Audilors 56 Thorpe Road Norwich Norlolk NRI IRY Dale.. 29 April 2024 Paye 22
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) STATEMEKf OF FINANCIAL AcnvmES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNTJ FOR THE YEAR ENDEO 31 DECEMBER 2023 Unr•strlcled lunds 2023 R•%trlctod funds 2023 Total funds 2023 Tot¢yl fvnds 2022 Notè Incom• Irom: Charitable activities 1.4?3.216 725.839 2.199.055 1,755,176 Total incom• 1.473.216 725.839 2.199,055 1,755,176 Exp•ndltur• on: Charitable activities 1.340.840 125.968 1,966,808 1,771,661 Total •xp•ndllur• 1.340.840 625.968 1,96é,808 1,771,661 N•t mov•m•nt In funds 132.376 19,871 232.247 116,485) R•concSllallon ol lund& Total funds brouyhi forward Nel movement in funds 1.128.491 132.376 149.300 19.871 1.277,791 232.247 1,294,276 116,485) T•l•l fvnds ¢arriod f•n¥ard 1.240.867 249.171 I.SIO.038 1,277,791 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 26 to &2 fomi part of these linan¢ial statements. Page 23
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) REGISTERED NUMBER: 04752279 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Not• Flxed assets Intangible assets 91.306 83,022 99.306 83,022 Curr•nl as8•ts Debtors Cash at bank and in hand 316.183 Ih76.596 309,217 1.294,258 1.792.779 1,603,475 Creditors.. amounts lalling due within one year 10 (381047) 1408,7061 N•t current ••s•t% 1.410,732 1,194,769 Total n•t asiots 1.510,038 1.277,791 Charlly funds Rèstricltd funds 249.171 1260,867 149,300 Unrestricted lunds 1,128,491 Total funds 1.510,038 1,277,791 The Trustees acknowledge Iheir responsibilities lor complying with the requirements ol the Act wilh respect lo attounting rttords and preparation of finantial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. Thè financial statÈments wèrè approvèd and authorised lor issue by thè Trustèès and Signèd on thèir behalf by.. Lesley Jones Chairwoman and Prèsidènt Date.. 26.04.2024 The notes on pages 26 10 42 fom) parl of these linancial statements. Page 24
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDEO 31 DECEMBER 2023 2023 2022 Cash flows from operatlng adl¥ltles Nel cash used in operating activities 223,007 158,236) Cash IIow9 Irom Investlng actlvitles Purchase ol intangible assels 140,6691 113,316) Net cash us•d In Inve5tlng acllvttl•s 140,6691 113.3161 Chang• In c•Jh and cagh •qulval•nls In the y••r Cash and cash equivalents al the be9inning of the year 18Z,338 171.5521 1.294.258 1.365,810 Cash and cash •qulval•nts at th• •nd of th• y•ar 1,476,596 1,294,258 Thè notes on pages 26 to 42 form part of these linancial statements Page 25
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 General Inlormation The charitable company is a company limited by guarantee. The members of the company are the Trustèes namèd on payè l. In thè evènt ol thè charitable tompany bèing wound up, the liability in respect ol the guarantee is limited to £1 per member ol the charitable company. The address ol the reg15tered olfice is 74 The Close. Norwich. Norlolk NRI 4DR and the head office is Scandiagade 13, DK- 2450 Copènhagen SV. Oenmark. Accountinq polici•s 2.1 Bas1• af pr•parallon of financSal slal•m•nt• The linan¢ial slalements havt been prepared in a¢¢ordan¢¢ with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in Ihe UK and Rèpublic ol Ireland IFRS 1021 lèlfeclivè l January 20191. thè Financial Rèporting Standard applicable in Ihe UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006. Foundation lor Environmental Education meels the definition of a public benefit entity under FRS 102. A5sels and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant a¢¢ounting poli¢y. 2.2 Golng conc•rn The Trustees have considered the ongoing financial uncertainly ol increasing inflation and th8 threat of rt¢ession. The level ol unrestricted reserves and possible linan¢ial savings means Ihal the charity is in a good position to withstand the impact in the short-term. The Trustees have considered Ihe level ol lunds held and the expected level ol income and expenditure lor 12 months Irom authorising thèst linancial stalemtnts. Thè Trustèes consider that thè budgètèd incomè and expendilure is sufficient with the level ol unrestricted reserves for FEE to be able lo meet its liabilitie5 as they lall due. For ihi5 reason. the Trustees consider it appropriale for the financial statemènts to continue being preparèd on a going concern basis. 2.3 In¢omo All incoffle is recognised once the charitable company ha5 entillement to the income, it is probable that the income will be received and thè amount of income rèceivablè can be measurèd reliably. The main source of income relates to membership fees and prograrnrne levies charged to FEE member organisations as well as trom co-operation agreements with corporate partners (mainly Wrigley Foundation) providing funding lor specilic projects. These are recognised when FEE has entitlèment to the income. Paye 26
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Actountlng polltls {conllnutdl 2.4 Expenditure Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit to a third party. it is probable that a transfer ol econornic benefits will be required in settlement and the amount ol the obligation can be measured reliably. Expenditure is classified by aclivily. The c0515 of each activily are made up of the total of direcl costs and shared c0515, including support costs involved in undèrtaking each activity. Direct costs attributable to a singlè activity are allocated direclly to Ihal aclivity. shared costs which conlribule to more than one activity and support costs which Jre not attributable to a single activity are apportioned between those activities on a basis consistent with the use ol resources. Central staff costs are allocated on the basi5 01 time spent, and depreciation charges allocated on the portion ol the asset's use. Expendilure on charitable aclivities is incurred on directly und8rtaking th& activiti•s which further the charitable ¢ompan(s objeclive5, a5 well as any associated support cost5. Governance costs are those incurred in connection with administration ol the charitable company and compliance with constitutional and statutory rè4uirèments. All expendilure is inclusive of irrecoverable VAT. 2.5 P•nslons The charilable company operales a defined contribution pension scheme and the pension charge represent5 the amounls payable by the charitable company to the fund in respect of the year. 2.6 Op•ratSng l•as•s Rentals paid under opèrating leases are charged lo the Statement ol financial activities on a straight-line basis over Ihe lease lerm. 2.7 For•lgn curr•ncl• Monetary assets and liabilities denominatèd in foreign currències arè translated into èuros at rates ol exchange ruling at the reporting date. In the prior year, transactions in loreign currencies were translated into euros at the rate ruling on the dale of the transaction. In Ihe current year. transactions in loreign currencies are translated into sterling at the rate ruling on the date of the transaction and Converted into euros using thè average exchange rale al the year end. Exchange gains and losses arè recognised in the Statemènt of linancial activitiès. 2.8 Prèsèntational turrèncy These linancial slalemenls are prepared in Euros. The sterling Euro exchange rale as at 31 Decèmber 2023 was £l.153 and as at 31 December 2022 was el.127. Page 27
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Actountlng polltl*s {conllnutdl 2.9 Taxation The charitable company is considered to pass the tesls sel out in Paragraph I Schedule 6 01 the Finance Act 2010 and therefore it meets the definition of a tharitable company lor UK corporation tax purposes. Accordingly, the charilable company is potentially exempt from taxation in respect ol income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extènt that such income or gains are applied exclusively lo charitable purposes. 2.10 Intanglbl• ais•ts and amortllatlon Intangible assèts costing É5.000 or more are capitalisèd and recoynised when future economic ben•lits are probable. and lh• cost or value ol Ihe asset can be measured reliably. Intangible assets are initially recognisèd at cost. Alter recognition. undèr the cost model, intangible assets are measured at cost less any accumulated amortisalion and any accumulated impairment losses. Amortisalion 15 provided on the following bases- Dalabase Trademarks Website 20 % straight line 10 % straight line 20 % straight line 2.11 Oebtors Trade and other debtors are re¢tsgnised at the seltlemenl arnounl after any trade dis¢tsunl offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.12 Cash al bank and In hand Cash at bank and in hand include5 cash and short-term highly liquid investments with a shorl maturity ol three months or less from thè date ol acquisition or openin9 01 the deposit or similar accounl. Page 28
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Actountlng polltl*s {conllnutdl 2.13 Liabilities and pro¥i5i0ns Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event. it is probable thal a transfer of economic benefit will be required in settlement, and the amount ol the settlement can be eslimated reliably. Liabilitiès are rècognisèd at the amounl that thè charilablè company anticipates il will pay to sèttlè the debt or the amount it has received as advanced payments for Ihe goods or services il musl provide. Provisions are measured al the be51 estimate of the amounts required lo sellle the obligation. Wherè the èllect ol thè timè valuè ol monèy is matèrial. thè provisien is based on thè presènt valuè ol those amounls. discounted at the pre-tax discount rate that rellecls the risks specific to th8 liability. The unwinding ol Ihe di5counl is re¢ogni5ed in Ihe Slalemenl of financial activities as finance cost. 2.14 FlnancSal Inslrum•nts The charitable company only ha5 financial a55et5 and financial liabilitie5 01 a kind that qualify a5 basic linancial instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly measured al their seltlement value. 2.15 Fund accountln9 Genèral funds are unrèstricted lunds which are availablè lor use at the discrètion ¢1 thè Trusteès in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Restricted funds are lunds which are to be used in accordance with specific restrictions imposed by donors or which have bèèn raisèd by thè charitablè company lor partitular purposès. The tosts ol raising and administering such lunds are charged against the specilic fund. The aim and use of each reslricted fund is sel oul in the notes to the financial stalements. Paye 29
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Income frorn charftable actlvitle5 Unrtstrltted funds 2023 Rtstrlttod funds 2023 Total funds 2023 Feès and other income 562.939 224.183 185,686 29,008 15.973 455,427 562.939 224.183 292.250 594,468 32,071 493,144 Blue Flag Eco-S¢hools YRE 106.564 565,&60 16.098 37,717 LEAF Green Key 1,473,216 725,839 2,191,055 Unrestricted fvnds 2022 Restricred fvnds 2022 Totul fvnds 2022 Fees and other income 392.880 269.121 194,432 392,880 269,121 252,069 Blue Flag Eco-schools 57,637 YRE 28,762 io,c 307,397 473,822 16,829 4,396 502,584 26,829 311,693 LEAF Green Key 1,202,592 552,584 1,755,176 Page 30
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Analysls ol expenditure by aclivlties Support costs 2023 Total funds 2023 2023 Mèetings & other administration costs Blue Flag Eco-S¢hools YRE 611.138 146.675 317.143 493.363 70.861b 302,244 611.138 146,675 317.143 493,363 70,864 302,244 25.381 LEAF Green Key Professional lees 25,381 1.941,627 25,381 1.966,808 Meetings & other administralion costs and professional fees aro support costs in relation to the charitable activitie% Total fvnds 2022 Activities Support cosrs 2022 2022 Meelings & other adminislration costs Blue Flag Eco-schools 520.477 520,477 159.607 214,490 532,461 159,607 214,490 532,461 YRE LEAF Green Key Professional lees 88,031 215,763 88,021 215,763 4Q.842 40.842 1,730.819 40,842 1,771,661 Page 31
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Analy51s ol expenditure by aclivllies {continued} Analygis of direct costs Meetln95 & oth•r admln cosls 2023 Blu• Flag Eco-schools 2023 2023 YRE 2023 LEAF 2023 Staff eosts 430,824 3,061 156.039 6.369 13.064 1,781 107.079 205.935 170,432 51.873 Amor115alion Travel and admin expenses L0s5llgainl on loreign exchange PR materials 26.296 93,996 291.744 16,706 13.300 17,212 31.187 4,285 Bad debt write oll 611.138 146,675 317,143 493,363 70,864 Total funds 2023 Gr••n K•y 2023 Starr costs 187,116 10,709 87,052 1,153.259 13,770 669,833 6,369 90,415 1.781 Amorli5ation Travel and admin expenses Lo5511gainl on loreign exchanye PR materials 17,367 8ad debt write off 302,244 1.941.427 Page 32
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Analy51s ol expenditure by aclivllies {continued} Analygis of direct costs (continued) Meetings & other odmin cosrs 2022 81ue Flog 2022 Eco-schools 2022 YRE 2022 LEAF 2022 Staff costs 374.085 3,128 140.889 133,525) 24.933 10.967 99,431 103,659 169,496 51,022 Amortlsalion Travel and admin expenses Lossllgainl on foreign ex¢hanye PR materials Bad debt write oll 44,785 71,413 322,037 31,991 15,391 36,958 2,460 40,928 520.477 159,607 214,490 532,461 88,021 Totol funds 2022 Green Key 2022 Staff costs 133.179 6,383 930,872 9,511 Amortisation Travel and admin expenses Lossllgainl on loreign exchange PR materials 44.878 655,993 133,5251 154,541 31,323 Bad debt write oll 13,427 215, 763 1,730,819 Auditors. remuneration 2023 2022 Feès payable to the charitable companls auditor ftsr thè audit of the charitable companys annual accounts 12.070 12,750 Page 33
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Staff cos15 2023 2022 Wages and salariès Social security costs Contribulian to dèlinèd contribution pension sthemès 1.071.593 7,086 74.580 850.411 6,454 74.007 1.153,259 930.872 The average numbèr ol persons employed by the charitable company during thè yèar was •$ follows.. 2023 No. 2022 No. Employees 16 13 The number ol employees whose employee b•nelils (excluding employer pènsion costs) exceed&d 60,000 was.. 2023 2022 In the band e70,001 e80.000 In the band f 80,001 £90,000 In the band e110.001- e120.000 The bands detailed above are the Euro equivalent to Ihe Sterling band disclosures as required in the SORP. The flurtuation in the number ol employees receiving employee benefits in excess of e70.001 12C122.. 71,0001 is due to movements in the value ol thè exchange rale. There have been no significant slafl changes during the year. Key management personnel have aggregate remuneration of e581,86912022.' £545,844). Trusl•e¥ r•mun•rallon and •xp•ns•s During the year, no Trustees received any remuneration or other benelits12022- CNILI. Rèimbursement ol Trustee èxpènsès arè set out in note 18. Page 34
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Intanglble assets Website Trademarks Database Total Cosl At l January 2023 Addition5 154.985 119.910 31.915 40,669 306,810 40.669 Al 31 December 2023 154.985 119.910 72,584 347,479 Amortl*all¢n At l January 2023 Charge lor the year 142,777 2.663 56.703 11.991 24,308 9,731 223,788 24,385 Al 31 December 2023 145.440 68,694 34.039 248.173 N•t book valu• Al 31 December 2023 9.545 51,216 38.51b5 99.306 At 31 December2022 12,208 63,207 7,607 83,022 D•btor• 2023 2022 Du• wllhln on• y•ar Trade debtors 167.891 21,651 126.641 252,929 31,206 Other debtors Prepayments and accrued income Granls receivable 25,082 316,183 309,217 Page 35
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 10. credIto Amounts lalllng due wlthin one year 2023 2022 Trade creditors 66.911 2.434 118,566 194,136 66,280 Other taxation and social security Other treditors 102,680 239,746 Accruals and deferred income 382,047 408,706 2023 2022 Deferred income at l January 2023 Resources deferred during the year Amounts released Irom previous periods 198,524 143,654 068.3011 150,355 198,524 1150,355) 173,877 198,524 Deferred income relates to levies invoiced in advance for 2024 E¢o-S¢htsol prtsjtcts and grant income that the charity is not yel enlitled to. Page 36
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Statement ol funds Statemenl ol funds - current year Balanc• al I January 2023 Balanc• at 31 December 2023 Incomo Exp•ndltur• Unr•strlct•d lund* General Funds 1.128.491 1.473.216 0,340.8401 1.260,867 R•itrlct•d lunds Al¢oa IPhase 51 Wrigley (Phase 51 Global Forest W30 Dev GFF 26.741 58.872 45.814 17.190 103 10.063 565.460 134,8241 1438.1651 186,167 Ib5,814 17.190 GIZ Projecl 22-25 BioBEO 37,717 14.0?8 57.264 39.237 138.3801 06.0181 157,2641 (39.2371 PlanEat E-space STEM 149.300 725.839 1625.9681 249,171 Tolal of funds 1.277.791 2,191.055 11.966.808) 1,510.038 Paye 37
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Statement ol funds (conlinuedl Restricted Funds The Lilter Less campaign is being implemented through the Young Reported lor the Environment (YREI and Eco-Sch¢¢Ls programmes. run by the Foundation for Environmental Education and funded by Wrlgley Company Foundatlon. The campaign and Ihe progrèmme are open to students aged 11 to 21 who act as iournalisls. invesligaling the problem ol litler and reporting in Iheir community via print, photography or video. Global For•sl Fund minimises eflects of C02 emissions by planting trees. Alcoa Fund is an environmental literacy initiative programme started in 2016 to educate children about environmental issues through s¢itn¢e. technology. engineering and math skills. The Wrl9ley 30 year annlv•rsary granl (W301 funds internal capacily building and development in regards to communication {Commsl. dèvèlopment and promotion ol the Global Forest Fund (Dèv GFF) and the establishment ol a regional Alrican nelwork by supporting African countries ISACI. ESpace- sfEM is a programme to develop and test a methodology to promote è circular economy in schools through Ihe Eco-schools Seven Step5. The programme was piloted in Slovenia and Latvia with su¢¢ess and the grant will be used to support eight devtlopin9 countries in South America. Alri¢a and Asia with small financial grants and to develop resources in additional languages ol French. Spanish antl Arabic. GIZ Prol•ct 22-25 is a programme to improv• Ihe Compelitiven•ss of National Enterpris85 in Cambodia by promoting Ihe tourism seclorfs recovery following COVIO and inlegraling sustainable pra¢li¢es as part of the rebuild. BloBEO is a tw)-and-a-hall-year project with 15 partners to develop and deploy an education programme to enhance engagement across society regarding lifestyle, circularity and bioeconomy, using 5 bioeconomy Ihemes - Inter¢onnecledne55. Ouldoor Learning, Forestry, Life Below Water and The Food Loop. PlanEAT is a Horizon Europe research project. funded by the European Commission, which aims at transforming food syslems and food environments towards healthy and sustainable dietary behaviour. The project started in September 2022 and will last lor 4 years Page 38
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Statement ol funds (conlinuedl Statemenl ol funds - prior year Bolonce ot l Jonuory 2022 Bultince ot Tronsfrrs 31 December in/out 2022 Income Expenditure Unr•slrict•d funds General Funds 1.067.151 1.202.592 {1.125.134J (16.118) 1,128.491 R••lrld•d lunds Alcoa IPhase 51 Alcoa (Phase 31 Wrigley (Phase 51 Wrigley (Phase 4) Wrigley (frans11ionl Toyota Y5 Global Forest W30 Dev GFF Lucart 50.075 123,314} {47,081} 1414,950} 143,918} (72,476} (29,917} 26.761 47.081 473.822 58,872 43,918 72,4176 29,917 12.534 18.5 333 14829 16,451 4S,814 17,190 1333) Earth Action Hub 2.276 f2.276} f3,633J f7,562} GIZ Project 22-25 PlanEat 663 7.562 227,125 552,584 1646,527) 16,118 149,300 Total of funds 1,294,276 1.755.176 {1,771,661} 1,277,791 Page 39
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 12. Analysls ol net assets belween fvnds Analygis of net a55ets belween fvnd5- currenl year Unr•gtricl•d lunds 2023 R•stric¢•d funds 2023 Total fund5 2023 Intangible lixed assets Current assets 99,306 1.515,641 {354,0801 99,306 1,792,779 1382,0471 277,138 127,9671 Creditors due within one year Tot•1 1,260,867 249,171 1,510,038 An•ly$l$ ¢1 n•t •$$•t$ b•tw••n fvnd•- prlor y•ar UnrestrKted fvnds 2022 Restricted funds 2022 Totol funds 2022 Intangible fixed assets Current a55e15 Creditors due within one year 83,032 1,454,175 1408,706} 83,032 1,603,475 1408,706) 149,3LYI Tolal 1,128.491 149,300 1,277,791 Page 40
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 13. Reconclllatlon ol net movement in lunds to net cash flow from operatlng adivltles 2023 2022 Nel incomelexpendilure for the year (as per Statèment ol Financial Activities) 232.247 116.485) Adjuslm•nls lor. Amortisation charyès Decrea5e/lincrea5el in deblors Increase/lde¢reasel in creditors 24,385 16,9661 126,6591 21,502 177,014) 13,761 N*t ¢•$h pr•¥ld•d byl{ts$¢d SD) ¢p•ratlng •¢tlvltl•s 223.007 158,236) 14. Analys5• ol rash and ¢ash oqulv4l•Tht$ 2023 2022 Cash in hand 1.476,596 1,294,258 Tol•1 Cash and cash •qulval•nls 1,476,596 1,294,258 15. Analys1• ol chang0s In n•1 d•bl A131 December 2023 At l January 2023 Cash flows Cash at bank and in hand 1.294.258 182.338 1.476.596 1.294.258 182,338 1,476.596 Page 41
FOUNDATION FOR ENVIRONMEPffAL EDUCATION IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 16. Penslon cornmltments The charitable company operales a defined conlribulion pension scheme. The a55ets of ihe scheme are held separatèly from thosè of the charitable company in an indèpèndently administèred fund. The pension cost charge represents conlribulions payable by the charitable company to the fund and Énil 12022.. el.3581 was payable to the fund at the balance sheet date and 15 included in creditor5. 17. Opèratlng l•a$• commllm•nt# Al 31 December 2023 the charitable company had commilrnenls to make lulure minimum lease payments under non-cancellablè operating lèases as follows.. 2023 3022 Not latèr than l year 72.189 72,189 18. R•lal•d party traniactlon* The Trustees represenl other organisations who are also mèmbers ol FEE and pay membership lees along with other members. Any transactions between FEE and member organisations in which Trustees have an interest are subje¢l to normal commercial terms. During the year, 8 Trustees received reimbursement for travel expenses lo and from committee meètin9s and in connèttion with thè business of the charity totalling É12.557 12022.. É9.8151. At thè year end £1,272 I£Nill was outstanding. Further costs ol truslee travel and subsistence for attendance at member rneetings and conlerences were paid by Ihe charity on the same basis a5 any other member5 attending. No tru5tee5 re¢eived any remuneration12022= enil). FEE rents its head office Irom the Danish Outdoor Council which is a member organisalion of FEE. Total rent lor thè year as £84,639 12022.. £B5.8041. Page 42