Registered Dumber.. 04752279 Charity numbgr.. 1148274 FOUNDATION FOR ENVIRONMENTAL EDUCATION (A company limited by guarantee} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) CONTENTS Page Reference and admlnlstrat5ve detalls of the charltable companyi Its TNstees and advlsers Trustees. report 2-14 Independent auditors, report on the finan(xal ststements 15- 18 Statement of financial artivitles 19 Balance sheet 20 Statement of cash flows 21 Notes to the flnanclal ststements 22-38
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Helena Ath"n9. Treagjrer Joaquin Arturo Diaz Rios lan Humphrey5 Le51ey Jones, (thairwoman Iyreydent Sasha Karajovic Sanskn"ts" Raw Menon Nikos Petrou. Vice Chair Petra Lamberha Maria khut Company reglstered number 04752279 Charity registered number 1148274 Reglstered offlce 74 The aose Norwich Norfolk NRI 4DR Company secretary Dan1 Schaffer Chlef executlve officer Daniel Schaffer Independent audltorn BW Audit ts'mited Chartered Acc(yJntsnts Statutory Auditors Berry & Warren 54 Thorte Road Norwich NRI IRY Bankers Danske Bank Holmens Kanal 2-12 1092 Copenhagen Denmark Page I
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trust (who are a150 dIrorS of the Iharity for the purtM)ses of the Companies Art} present their annual report together wth the aUdItj financial statements of Foundation for Enmronmentsl Edts'On (the tharitable company) for the year ended 31 December 2024. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitsble company's governiThJ dcKument and Ihe provigor6 of Charities SORP IFRS 102). Since the charitsble compaw qualifies as small under Secti 382 of the Companies Act 2006, the Strategic report required of medium and large companies uThJer Companies Art 2006 (Strategic Report Directors, Report) Regulations 2013 has been omitted. Strurtiirei governance and management a. Constltutlon The organisation is a charitable company limited ty guarantee, incory)orated on 2 May 2003 a1 registered a5 a tharity on 24 July 2012. The company was irKortM)rated urKJer a MemoraThYum of Association (as amerKled by special resolutions dated 8 June 2012 and 20 April 2020) which estsblished the objects and powets of the charitable company and Is governed under its Artjdes of AUatIOn. In the event of the company being wound up, memters are required to contribLrte an amount Th)t exceeding £1. b. Methods of appolntment or electlon of Trustees Trustees are usually appointed for a peric of years. Each Trustee will retire at the General Assembly following expiry of the twtryear terni of office and may lif they 50 wish} offer themselve5 for re-election, The President, who is also the chairperson, is elected for a of four years. A person may Th)t be appointed as a Trustee unless they are a nominated representative of a full memter organisab"on. Care is tsken to ensure that the &)ard of Trustees inclLMJes relevant experien to the Foundation's o)re activitr'es, experience in financial matters, legal and other relevant fidd& Organlsatlonal structure and dedslon-maklng polkles The Board of Trustees mt at least four b'mes a year and oversee finances, the present Work, and the future development of the d)arity. have regard for the adwce of the execub.ve team, to whom the management of the work of the charity arKJ the day-to-day operab.onal decisions have been delegated. The remuneration of staff is approved by the Trustees wthin annual parameters set by the Trustees. The FEE Secretariat {Head Office) is the administrabve offi of FEE. The WO of FEE Secretariat follows the FEE Artides of A551Kiation, Rule5 of Pr(Kedure arKJ Strategic Han. The FEE knetariat retx)rts and receive5 direction and feedback from the Board of Trust at four annual tK)ard mti[VJ5 arKJ on an ongoirYJ basis tRtween the FEE President and the FEE CEO arKI tetwn the FEE w(MJTamme directors aThJ the specific Board members responsible for each programme. Page 2
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 5tructiirei governance and management {continued) d. Pollcles adopted for the Inductlon and tralnlng of Trustees New Trustees are intr(x1 to the work of the charity by the Chairman of the Tru5tee5 and the executive team. Trustees are kept informed through regular internal reports (induding finanaal rewrts) and samples of printed material. All Trustees a encouraged to the ath"vits"es of the charity as well as attend events that the charity organises. On appointment Trustees are infornd of their obligatr.on in law as a Trustee of a tharity and are encouraged to acquaint themselves with the publications and guidan available from the Charity Commi55ion. . Pay pollcy for key mana9ement personnel Key management lsOnnel remuneration is remewed annually by the Trustees. f. Flnandal rlsk management The Trustees recognise that tw have overall resFonsibility for ensurirvJ that they implement an appropriate System for the management of risks, whether financial or otheN4ise, to which the charity may te exposed. For thi5 reason, the Trustees have charged an executive team with the tssk of enswring that intemal controls and the exposure to risk is reviewed on a regular bag Nevertheless, some risks are worth mentioning as the trustees recckjnlse them as high-level risks that require special monitoring and action. The first is FEE'S contractual obligations with its key funders. This risk is derived from FEE'S contrarts with the fvnders deFndiThJ on the good impkmentation of national portion of these funded projerts by the FEE member> To redu this risk, FEE has estrdblished a payment pgliry that depend5 on reporting of progress of project phases on a national e1. In addition, FEE advocates for transparency towards Its fuThJers and by the members if problems arise, they could dealt with eady on and with full involvement of the funder. By d¢ing so, FEE reduces misunderstsndings a1 miscommunications and enhances the ability to provide solutions early in the pre$S if issues arise. The trustees believe that the long lasting and continuing 5UPPOrt from a large cortK)rdte entity 5uth as the Mar5 Wrigley Foundab'on is evidence of the SUC55 of thi5 approath. With the Brexit agreement the urtertainty is reduced. And ba58J on this agreement FEE is now able to manage the fallout. special for FEE, Brexit has meant that access to EU fuThJed projects is cut off. Objectives and artivities a. Polioes and objectives The objects for which the charity is established, as slated in its Arb"des of Associab"on, are to promote for the tenefit of the public, the conservation. protection. and improvement of the physical and natural environment; and to advance the education of the public in Subj relatiro to Sustainable Development and the conservati, [OteCtK)n and improvement of the physical and natural enmronment. Page 3
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities (continued) b. Strategles for achlevlng objectlves In June 2021, the FEE General AssemtAy approv1 a new ten-year strategy, GAIA 20.'30, whith makes a commitment to prioritise all the work on emptswenrKJ dimate action, prot&ting global biodiversity and reduong enwronmentsl pollution over the comirrfj years. Many FEE memiws are adopting GAIA 20:30 into their organisation's own strategies, whilst imementation of KPts and actions needed to achieve our goals is underway through all five FEE programme& The main goals land sU0als) inclLKled in the current Strategic Plan a. EMPOWER CLIMATE AcfioN: 1> Ensure FEE'S pc4icie5 afKJ prcgramThEs meet ts enrOnMents1 goal5,' 21 Increase climate change knowledge to drive impartful action; 31 Support actions for climate resiliew; 41 Accelerate the transition to dimate neutrality; PROTEcf GLOBAL BIODIVERSITY: l} Preserve existirvJ and create new forests I nabjral areas; 21 Promote sustaina1e management of the coastal zone; 31 Combat pollinator and insect loss,. 41 Raise awareness of and SUPFQrt actions to remove invagve alEn 5peaes (IASI; REDUCE ENVIRONMENTAL POLLirrIoN: 11 Reduce litter and waste,. 21 Promote respongble production and consvmpbon: 31 Increase knowledge and take artion to red invisible pollutants; 4> Promote the circular economy mtsjel. Planned developments within Action Flan of GAIA 20:30 indLNJe both actions to be carried at an organisational level (FEE level) and at a pr(¥Jramme levd. The main acts'ons K1entified within the Attj'on Plan of GAIA 20.'30 are the followirg: 11 EDUCATION - Identify andlor develop, gather and disseminate &lucats"onal materials and reSoUS aut dimate change, biodiversity and wAluLJ"on for MeMr5, Nats"onal OreratOf5 and other audiences both within and outs'de the FEE rthor 21 ADVOCACY - Gather stories arKJ best prdctces from fflembers a1 promote them to FEE'S global audien5. Scale-up communication efforts and streThJthen FEE'S role in the global dialogue aut the strategic f(Kal areas. Produce and disseminate an advocacy guide to meMLS lobby for attion at the local and national levels and use FEE s established brand aThY tQ9ti'on to give uedibility to members. advc(acy efforts. Page 4
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities (continued) 31 PROJEcfs - Pursue funding opwrtunits.es and partnerships for developirKJ new projects to be implemented by FEE members, aimed at reducirrfj environmental p)Ilution, reversing ts'odiversity loss, educating about FKJllution and biodiversty topics, and ervJaging youThJ teoFAe with nature. Increase promob'on of existing )Ilution-related projerts arKI sFM)wca FEE'S extenyve evrIen wothng with pollub'on reducbon and education. 41 PARTNERSHIPS - 8n'rrfJ FEE'S metlKJolcrtJies and infiuence on new audiences throloh Collatration and partnerships. Continue to strengthen FEE'S role in the UNFCCCIUNESCO Acb'on for Climate EmwerMent (ACE) and strengthen FEE'S involvement with youth organi5ation5. Develop rdab'on5hip5 to ensure that FEE has a voice in relevant forums that conneLt toUrin and dimate Chaje. Present FEE'S programmes and our members, nterests to ayerS in the knjrlsm lThJLtstry. 51 SUPPORT - Adapt the FEE financial strategy to make conbngency fvThJs available to members and National Operators who are impatted by natural dis)sters caused by dimate chaThJe, to ensure continuity of the FEE membership and programmes. Cevelop additional strategies to supw)rt members and sites affected by disasters. Pursue funding OPFQrtunities aThJ partnerships developing prolÈxts foojsed on dimate change resiliency and adaptation. 61 ACCOUNTABILITY - Ensure that organisats'onal lIaeS and events organised by FEE adhere to the FEE Environmental Policy and encourage Member 0rgani5ab.ons to apply the Policy to their operations and other events they host. Ensure that all of FEE'S suppliers and prowdets adhere to the principles of responsible products'on, and that FEE itself engages in reskwmgble con9Jmpb"on. Publlc benefit The Trustees confim that in exercising their arn1 duties, they have complied with their duty to have due regard to the guidan on public berEfit publisw by the Charity Commisyon. Achlevements and perfomiance a. Review of artivities In 2024, FEE conts'nued to advan its misson t0h a rarge of strategic activities, internal developments, and global engagements. The Board of Directors (BOD) convened in ftyjr meth.ngs throughout the year.. a virtual meeb"rKJ in Februaryi a face-to-face gathering In CoFenhagen in April, another wrtual sesgon in June, a1 a final meeting In Ottober in Trinidad and Tobago, organised in connecb.on with the Blue Flag National Operators Meeting (NOMI. These meety'rrfJs provided ValUae OprtUnleS to assess arky guide FEE'S progre55 a(TOS5 various initiatives. FEE'S restructuring efforts, inits.ated in 2022, continued to progress in preparation for a plenary psentatIon at the general meetsng scheduled for April 2025. This ongoing reorganizats.on is part of FEE'S broader commitment to becoming even more fit for pur, opbmiziThJ both operational financial struttures. Page 5
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 A key focus in 2024 was the expansion of partnerships and collaborations, parbcularly with organizations like Scouts and Sail Training Internats'onal. FEE worked to develop innovative environmentsl education approaches, strengthening its impact teyor¥J traditional educats.onal setts"ngs. Addrtionally, FEE'S engagement with UNESCO'S Greening of Educats'on Pathership (GEP) brought to an expanson of the organisations involvement in the pillars of higher education a1 rKJn-formal education, broadenirrfJ the scope of its environmental stewardship. Finally, FEE bame a memtrr of IUCN, wlKJse preSentativeS also sit in the Blue ag International Jury, suptx)rknrvJ FEE'S commitment to prot&t bi(yJiversty and push ecosystem restoration in the fields of EdLthtlon for Sustainable t)evelopment (ESD) aTrJ sustsinable tourism. FEE made significant strides in its GAIA 20:30 activities, contsitrtjting to global environmental advocacy. The alMA campaign, cwrdinated by FEE'S tourism programmes, aligned with goals of GAIA 20.30, in particular with the pillars on Climate Action. Furthermore, FEE uTrJert(K)k a revision of the Blue Hag and Green Key criteria to ensure closer alignment with the GAIA framework. SLtstainability tx)licies within the organization were tsghtened, and FEE an woth.ng on a Net Zero p)licy in eady 2025 to further strengthen its enwronmental commitments. Tr Climate ACtn Plan, initially publisw in June 2023, was renewed in June 2024, reinforcing FEE'5 commitMts urKkr t aa5gow DeJaration a1 9)lidI'ng the organization's ongoiryJ f(KUS on climate artj'on. To supwrt these efforts, FEE'S headquarters underv4ent ggnificant capaclty bulldlng in 2024. The team was expanded with the hirirKJ of a fUll-ti Communicaticffls and Marketing Director and Coordinator, as well a5 part-time Fundraising Direttor. Additional staff were brought on in the Green Key and finance department5 to meet growing demarKl% FEE also invested in the profesgonjl development of its team, with several staff members taking courses in key strategic areas to streNJthen intemal capabilities. FEE was actively involved in COP29, sending a smaller delegation due to event limitstions. The majority of the team's work fcKused on educational programme5, faolitating a1 pa'clpaknng in workshop5. FEE also took part in the Biodivergty COP in Cali, Contrib1r to disCU55ions on the intersecb'on of bi¢)Yivergty and education. FEE continued to engage with the Green Claims Directive, organizir¥J consultstions with key stakeholders such as the National Accreditation Body {NAB) in Denmark, EU Commisgon representsts"ves, and peers in the rtificats'on sector. A wcial meeting in Utretht fcard on the steps forward in aligning certification schemes with the Green Claims Direttive with Emtx)wenThJ Consumers for the Green Tran51tion Dirertive (Directive 82512024}. Stsff trdining on scheme approwdl and alignment was prowded, and a Certification scIalist role is set to introduced at the start of 2025 to further strengthen FEE'S capacity in this area. In August 2024, FEE completed its secorn1 year within the Eu-funded Horfzon projert PLAN'EAT, with UKRI funding FEE tasks uThJer the Horizon Project Guarantee. FEE'S research fcKuseil on Identi'rrtj the shortcomings of fd education in KX)IS to foster further discUonS on integrab'rrfj ftxxj education into nab'onal curricula and standardizirvJ it intemats'onally. As part of the &'oBeo project in 2024, FEE suptorted ihe deVelopnt of biceconomy education resources, adapting lesson plans to align with the LEAF prcNJramme to suptKxt the programme's offerings and encourage more uptake from the network. FEE also developed a guide with Parents International to support teachers in intr(xlucirvJ bioeconomy edtion in their teaching prad]"ce and thl communtty. In 2024, the LltterLess Campalgn (LLC) prc¥JressoJ as plann&1, except in New Zealand, where Keep New Zealand Beautiful dissolved. The FEE memtEr in Brnzil successfully managed the campaign with fewer schools than planned. An intermediate retK)rt was shared with Mars Wrigley, with a final impart assessment due in spring. The 13th anniversary wa5 markaj by a dedicated webpage, whith receiv1 1,369 unique visitors. Page 6
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 A new partnership was developed with PPG fiJrKJiry 150,rKMJ USD in payments190,000 USD by September 30, 2024, and 60,000 USD by February 28, 2025). FEE views this as a pilot pro and intends to secure a more sustainable fundirKJ partnership (PPG have committed 5 million USD to enwronmentsl 8Jucabon by 2030). Significant effort will be put into relationship building via this project. In 2024, the FEE Board of 'rert5 wa5 pleaV to approve Associate Membership for.. Australian Sustainable Deth"nations AJIIan In Australia Ekosfera In Azerbaijan Forum Pour L'Environnement La Deff*xratse Et La Liberté in Niger Egypt.. Hemaya NGO In 2024, The Board of Directors also approved Afflllate membernhlp for: Keep Australia eeautifyjl NSW Keep Australia eeautifvl Council N¢ythern Temt WESSA Botswan Sustsinability Hive in Qatar Enviro Care Society in UAE Marine Environment Protection Authority in Sri Lanka In 2024, the full member Madagaxar National Parks had its membershlp ternilnated. a. FEE Academy In 2024, there were 8,617 users against 7,277 on FEE Academy. The top 5 countries psented by users a the United Arab Emirates, the United kn'ngdom, Greece, India, aThJ Malayga. In 2024, a ggnificant majority of new users identified as educator& The three nTh)st lar courses by enrolment are 11 GAIA 20:30 Blodlverslty Course 21 Climate Change Education: From Knowledge to Action 31 Introduction to Green Key In 2024, FEE Academy h)sted 25 uniqLE course& Both Green Key and Blue Flag developed courses to train and build capacity within the FEE ne1 for control visits (Blue Flag sites) and alts (of Green Key establi5hments}. The educabonal programmes continued to run the existing programmes dedi(3ted to teacher training and programme implementsts'on. The YRE for Educators course was redevelo at the eTrJ of 2024. The Eco-khwls Seven Step COU is in the process of being redeveloFed and is expectay to be comFAeted by mKI-2025. At the end of 2024, FEE sign1 a IK)sbrw arKI 5eNce agreement with Titus Learningi endirvJ the contrdct with TMD Hosbro. b. Blue Flag In 2024, Blue Hag held Nvo intemabonal JU for Nothem and &>uthern MIsphere5. Blue Flag awarded 4,283 beaches. 732 marinas and 145 iM)ats for a total of 5,160 sites in 52 countries. That is respeLtively +71 taches, +21 marinas arKJ +23 tK)ats compared to 2023. In 2024, new countries started the implementation of the Blue Flag programme.. China, Egypt, Sint Maarten, ar¥J Sri Lanka. Page 7
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 In 2024, Blue Aag International has frU1 its strdtegic development toward5 the alignment wth new arKI rew5ed EU legislation that will tx)tentially have an impact on its preSSeS woddwide in the coming years. Communicath"on and fundraisirwj strategies have en des.gned aThJ put in pla duriThJ this year aThJ to be fully unrolled in 2025. Blue Flag Intemational continues trj support the FEE members in th'r engagement with EU and other specific projects which are aligned and sup the FEE GAIA 20".30. BFI conb'nue5 to erwJage in dats sharirYJ wth EU research Institutions and participates in the EU Tourism DashtM)ard and stsrted a collaboration for the EU Nature Based Tourism assessment. FEE was apprOad to Jn the UN Ocean Decade NGO tsskforce. The global Blue Aag criteria reviyon 15 undergoing, th a rew draft set of criteria for beaches align&1 with FEE GAIA 20'.30 being finalized, while the work on the marina aThJ txiats criteria kn'cked-off early 2025. Thi5 work goes Sn parallel with the ue Ra9 prcw revigon. Blue Flag International organized a Flag National Operator meetiro in October 2024 in Tobago with representatives of numerous FEE Members runnir4J programme. Strategy. development. good practi5, arKI networking were prominent on the agenda. Blue Hag Intemational attended a variety of partners. events, 9Jch as the Spanish national Blue Flag event, MEfs Amsterdam, EU eeath SOS project meth'rrfjs, Sun&8lue Cororess, and a meeting organised by UN Tourism in Costs Rica. G Green Key Green Key exFerienced marA4e growth in 2024, expaThJirKJ by almost 40%. Cerb'fied establishments rose from around 4,8LKJ in late 2023 to approximatety 6,700 across more than 75 countries. This expansion underscores Green Key's Irrj 1nfiUee in sustainable tounsm globalty. Key partnerships with international hotel ohains a1 tour operators ftjelled ihis growth, Notable renewals include agreements with Radi550n Hotel Group and IHG, while rew collaborations were established with Four Sea50n5, Hyatt Hotels, and Leonardo Hotels, among other& Gr*n Key al conb'nu&J its cooperation with tour operators such as Audnkomatkat and Jet2holidays. Green Key deepened its relationships wth corwrate partners like Wemer-mertz, Ecolab, Reza Hygiene, and Beirholm, while adding Diversey to its roster in 2024. CdlalxKab've efforts with other cerb'fication programme5 and organi5ab.ons sh as PAx)king.com and Trdvdlyst further aMplifij its impaLt, rnenting its role a5 a leader in sustainability. New national operators in Argentina, Armenia. Australia, Azerbaijan. Chile, a1 Malta joined the programme, reflerting its growing global appeal. In response to Y0m1ng EU directives, Green Key is rewgng its cerb'fication processes to align with new regulatory wuirefflents, en5urirvJ (Dmpliance and credibility. Green Key's wgbility grew significantly, with almost 500kn increase in webgte traffic with 203K unique website visitors in 2024. Media nN)nitoring effotts have futhr highlighted its prominence and reach in promoting 5U5tainable h05Pitality. Page 8
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 d. Eco-schools The latest figures from 2024 show that 52,552 •Is, 628,785 teachers and 11,901,939 students ère engaged in the Eco-schools {ES) programme in 100 countries {78 wa a FEE member and 22 wa international schools). 2024 saw the estsblishment of Ectrschcds in Arn10. AZertljèn, Egypt and Niger, with SC15 in Jmbabwe and Zambia being supported by WESSA through a partner NGO in South Africa. FEE members in Colombia and Eojador decided to initiate establishment of ES followiNJ dIUOnS with FEE HO. FEE has been contscted by tential members in Nepal, 3mbabwe and P4)tswana currently preparing to apkly for FEE membership to run ES. Work is ongoing to find a memter in UAE aThY meanwhile, the UAE SCIlS are working directly with FEE Head Office as Internab'onal Schcds. FEE'S new members in Australia are struggling to sustain the programme, while the member organis)b'on in Madagaxar had its membership terminated in 2024. ES celebrated the 30th Anniversary of E¢trStrKds in 2024. thJring 'A Year of Action on Climate Change Education, the anniversary was linked the GreeniThJ EdLatn Partnershlp and marked by countrles around the world. FEE Ecocampus underwent review, with plans for a devdopment strategy and the first international conferen was held in Lisk)n, co-organised by ABAAE arKI FEE in collaboratK)n with the Polytechnic Institute of Lisbon. It gathered over 100 participants from more than 15 counthes worldwide, 82 presentations and workshops, 12 )sters, and l award reMCY FEE Ecocampus in Porttfrjal. The website of FEE Ecocampus Ihttps'.l/www.eccKampu5.global) ha5 been launched and will be updated on an ongoing basis. FEE is rK)W the official coordinator of the GEP Higher Education Group with high-level partnership gained from HESI, SDSN, Learning Flanet lnskn.tute and Daniella Tilbury. e* Young Reporters for the Envlronment YRE has Ulergone a sgnificant falift. Tr utxjated webyte now appeals to various target groups and highlights lesser-known aspects like Twinning, Hanning GAD, YRE Courses, and Leadership. This revamp involved ueating new administrative pr(Kesses, urlatirj existirg ore5, a1 communicab'ng with NOS. As a result, the YRE Competition page saw a record of 11,204 unique visitors in 2024, up from 8,193 in 2023. These efforts also helped centralize traffic to the corrett pages. For the YRE International Competition 23124, FEE shared 42 posts on Instagram and Facek, with higher engagement than the previous year. The Exposure YRE Winner page r1Ved 8,224 views beeen October and November 2024. The YRE course ft)r TeacFvs has been ujated to make it easer to complete and to enharKe understanding and ervJagernent. The new category in the YRE CoMtItIon is being developed with reSouS to help students, teathers, NOS, and FEE staff create high-quality tthcasts. These rewurces will guide them on proper submi5gon via Podio and assessment usrvJ the YRE compets'tion Chrome extenwn. Director for Educats"on Lee Wray-Daws, ddivered YRE training to young tpIe from Sail Training International wfK) will be reporting from intemats'onal voyage and also rewewiTrJ BF assessment aiteria for boats. This is part of FEE'S work to build on syreryies btheen BF YRE. Page 9
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 FEE is worknng on irKTea%ng the engagement of YRE memt%r5 in promots'ng the programme at international level. The annual evaluation 9Jrvey of the programme has en modffied to indLNJe collection of material that can be used for PR (case stories, tkntos, links, etc) f. Learning About Ecosystems and Forests In 2024, the LEAF projramme was imFlemented in over 3.400 3CmS5 24 countrie5. Over 570,000 students and 24,000 educators parkncipated in the programme, spending a totsl of over 110,000 hours dedicated to outdoor edUCatn. jl over 8LKI %tes part"patl in tr& planb.ng acb"vits"es woddwide. In 2024, it was agreed by the LEAF Intemabonal Stwirvj Committee to change the name of the projramme to 'Learning about Ecosystems and Forests.. At the start of 2024, Fran, Mauntius, Niger arKI Sweden joined the LEAF programme, however Sweden decided not to contsnue in 2025. FrarKe, Maurib'us and Ni9er were unable to ath'vely implement the programme. Addltionally, Brazil, Latvba, Germany and Georgia left the t*C•Jramme. At the intemats'onal level. LEAF is leadiryj FEE'S invclvement in UN Decade on Ec05y5tem Restoration as a Supporting Actor. FEE is also cTrleadiThJ the Education ChallerKJe 6.1 and Initiative 2, which both aim to embed ecosystem restorats'on educabon {EREI into formal and non-fomwl education systems worldwide by 2030. Two meetings were held with the Adwscry brd in 2024. Efforts were made to establish a Mou with a flagship restoration ste. LEAF ha5 also been cc4ydinating FEE'S involvement in the EU project BioBeo, artively incorporats'ng bioeconomy education in 2024 Global Artj'on Days and adapts'rKJ the projett's education rnaterials to align with the LEAF pedagogical cyde. LEAF has al played an advisory role to The Hellenic kniety for the Protecbon of Nature IHSPN) in their role in the GenB Through the LEAF pr0jram, FEE secured addonal ftJrKJir#J from the Helvellyn FoUlation until 2025, supporbr¥J actions aligrEd with the UN Decade on Ecovem Re5torab'on. g. Global Forest Fund In 2024, the Global Ft Fund was wt on hold. It has teen a challenge to njn this with the public as It does not align well with the core acts'wtr'es of the FEE prcxJrammes. Deason has been taken to identify a programme or organisation that speoalizes in 'fied cariKJn offsth'ng and runs the same with educational programmes. Some of the allocated fvnds will trE used as part of the Re5torats'on Education work as a Fmlot. Page 10
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Fundraising activities and income generation In 2024, FEE took significant Steps to enhance its ra19j capaoty by hiring a dedicated part-time, in-hou fundraiser. This inlatIVe, originally set in motion by the Board of Dirertors in 2023, was developed throughout the second half of 2024 to align with FEE'S GAIA 20:30 strdt8Jy. As part of this effort, FEE idenb'fied four key funding priorikn'es that will gJppKwt FEE'S gk)bal impact leadership In gjstairiability &JLtsb'on'. Greening schools in Africa - DeVeloj a regicTr5pe(ific mcmjel to advan E'S leadership role in the UN'S Greening Education Partnership (GEP). Biodiversity education Creating nEthcJolchJies to integrate bicJiversty educab'on into 5chcxJls and conservation projects, reinforcing FEE'S commitment to the UN Decade on Ecosystem Restoraty'on. Community-led sustainability through sport - Estsblishing projects that engage Ictal communities in sustainability through sports and community ntre5. Expanding the Blue Flag programme in the Global South - SupF¥)rting the implementstion and growth of the Blue Flag programme in new regions. FEE does not have any third-paty furKlraisers acting on its behalf and has not recaved any complaints about its fundraisro activity i)ver last year. Flnanclal Rev5ew a. Golng concem After makn'ng apwopriate enquirie5. the trustees have a reaab expecktr'on that the tharitsble company ha5 adequate re50urces to Continue in operab'onal existeno for the foreseeable future. For this rean, they continue to adopt the going concem bag's In prepariTrJ the finanaal statements. Further details regardin9 the adoption of the goirKJ corThn bags can be fouThJ in the Accounb"ThJ Policies. b. Reserve$ poli The Trustees aim is to establish unrestrirted reserves amntiryJ to 6 months of OFeratiryJ costs however, the Trustees are a150 committed to the continuirg growth and development of the charity and therefore it 15 recognised that reserve5 are al requir&J to deliver this ObjtiVe arnl as a result, it may take some time to achieve the tsrget level of reserves. The charity's free reserves total El,571,766 (2023.. EI,161,561). reseryes allocated for cover for operats'ng Costs on the 31 December 2024 amounted to E.000 {with the remainder allted for growth). This is aut 50% of the full required amount arKJ FEE aims to continue to IeaSe the reserve funds whenever sSIble towards the 6 months tsrget. This allocabon is general d¢Me bawj ¢M recommendats.ons from the GA on prioribzabon of use of funds. Total fund balan on 31 Decemter 2024 was Q.134,824 (2023.. É1.510,038). comprised of.. 1,747,949 (2023.. É1,260,867) Unrestricted furKIs 86,87512023: Q49,171)Restiicted fuThJs Page 11
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review (continued) G Investments pollcy The Trustees have a of plaang furKJ5 Into 5hort-temi (zsh de'ts, whith offer an acPtable level of risk for the d)arity. d. Summary of financial perforniance The FEE Ststutory Accounts 2024 continLd the cortsolidated finala1 reF¥)rt induding all of FEE'S international ath'vities with the general administration. all prc4Jrammes a1 all projects teing part of the financial repOrj in the accounts. The following comments relate to the finarrial statements aThJ bLMSJet for 2024: Income and ExPendIre accounts al The overall income for the year is E471,193 hher than bLKh3eted. The main rean for this is that there has been significant growth with the Green Key International hotds over 2024, making up almost 50% of the gross profit. FEE was al) able to secure two new project fijnders throLNJhout the year which was unexpected and contributed to the profit. Helvellyn's contribUtn of £50,000 was increased to £62,500. to continue support of FEE activits'es. The additr'onal Helvellyn funds are vnrethcted, however, use of these fvnd5 has already treen planned to ensure they meet the agreement term5. b) Wages and salaries are É44,642 lower than twjdgeted as the CPI increase had teen mIalcUlated, error rectified in future budgets. c) Administrative expenses a E16,299 lower than as there was an overhaul of suppliers and expenses and savings were made in all aS posgble. d) Travel and Meets'rrfjs exFenses are É56,936 higher than bLJgeted. The increase is related to growth in Green Key International hotels and audit costs as9Xiated with these which are reimbursed by the hote15. During the year there was a lot of effort put into sharing costs amongst the teams, espeoally in regard to BF & GK, who shared costs of control travel to r&luce overall expense& &ime travel expense5 also received insuran daim refunds that also Lyought down the costs. el PR & Marketing are E58,984 lower than budgeted. Dunng year worf< was completed on development which ha5 been capitali5ed in the yearrnl finanoal statements. n other Extknses are É221,468 loVr than budgetaj, this is mainty due to FEE'S C02 offset being on hold due to the Information In the Green Claims direth.ve ar¥J a lorKJ-temi x)luts"on still not yet in pla. Also, the development funds budgeted for FEE growih and development had delays so these costs will LE seen in 2025. g) The overall net profit for the year 15 É635.650 higher than bw. The main reason for this is a5 per reasons stated in part a atK)ve. Page 12
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review (continued) Balance sheet a. Debtors at the end of 2024 indvde unpaid feesllevies from member organisations. The value of the individual receivables have trttn evaluated arKI account1 for. b. The cash In bank at year-end amount to É1,883,420 and are all plac8J in accounts in Danske Bank affiliates. Plans for future periods In the coming year, FEE will conts'nue its commitment to implements'TrJ the GAIA 20.'30 strategy, fCj on aimate Change, Biodiversity Loss. aThJ Enwronmental Pollution. The strategy will be executed in four-year cles, with tr40-year action plans for all FEE pr(gramS, ensuring measurable impart through annual reportin9 and KPIS. FEE also an5 to expand fts ESD programmes, increasng and teacher participation, and integrating dimate change education into curricula. Additionally, FEE will lead a workn'ng group to develop higher education 5tsndard5 under the Greening of Education Partnership {GEP). The foajs 15 a150 on encouraging more members to take up YRE and LEAF programmes and re9)Ur are being developed to supp)rt the same including an IT atforM. FEE is preparirvj both Green Key and BILE Hag for charvJes in EU legislaknon, IludIrj the Green Claim5 Directive and the Empowering Consumers for the Green Trangtion Dirertive. The organization is actively engaging with the NAB in Denmark (DANAKI aThJ with the T5CA (Tourism Sustsinabilty Certifications Alliance) to ensure a sm¢xJth transiti¢)n and the involvement of National Operators aTrJ meMrs. The CEO of FEE serves on the Board of Directors of TSCA. FEE will conts'nue refining its tourism-based programmes and its climate artion commitments, ensuring continuous updates to its aimate Actson Plan in alignment with the Gla>Jow DedaratKJn. In addition, the organisation will be engaged in the tyeparation of Strateg meetings for the network, induding the General Assembly {GA) takn.ng pla in Greece, in May 2025, and the NOMS in Malaysia (Educational programmes) and France {Green Key). FEE remains committed to participating in international conferen, induding COP30, IUCN Congress and UNOC, to adv(te for prath.ces and promte the GAIA 20:30 strategy. These engagements aim to Influen global decision-makers while maintsining a commitment to redng travel-related emissions. Additionally, FEE will participate in ihe IUCN fneral Conference to con)nue expandirrfJ its global influence and partnerships. Members. Ilablllty The Members of the charitaNe company guarantee to contriLxJte an amount not exc*ding Él to the assets of the tharitable company in the event of wThJiThJ up. Page 13
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustev. responsibilities The Trustees (who are also directors of the (haritsble company for the purpo*s of company law} are responsibk for preparirrfJ the Trustees. repcrt the finanoal Statennts in accordan with applicable law and United Kingdom Airourbting StsrKJard5 (United lthngdom Generally Accepted AccountirvJ Prattl1. Company law requires Tnjstees to prepare financial statents for eath finaroal . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the tharitsble company al of its irtoming reSoUS and application of resources, including its income and expenditure, for that period. In weparing these financial ststements, the Trustees are required to.. select Suitable accounbng policies and then aprAy them congstently,. observe the methods and prilpleS of the Charities SORP {FRS 102); make judgments and accounts'ng e5b'mates that are reasonable and prvdent; state whether applicable UK Accountir4J Stsndards {FRS 102) have been followed, Subject to any material departures disclosed and explained in the financial ststements; prepare the financial ststements on goir#J cor(em basis unless it is inappropriate to presume that the charitak4e company will continue in br. The Trustees are responsible for keepiThJ adequate accountsng records that are sufficient to show and explain the charitable companvs trans3Ctions and dixlose with rea9)nable acojracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 respongble for s)feguardiThJ the assets of the oharitatje company and hen for taknng reasonable step5 for the prevention and detection of fraud and other irregularities. Dlsc105ure of Inforniatlon to audltors Each of the persons who are Trustees at the time when this Trustees, rekKJrt Is approved has confirmed that.. 50 far as that Trustee is aware, there is relevant aaIt lftrnatn of which the tharity'5 auditors are unaware, and that Trustee has taken all the step5 that 0ht to have been taken as a Trustee in order to be aware of any relevant audit inf0mtion and to estatAish that the tharitys ajitorS are aware of that information. Approved by order of the members of the board of Trustees arKI signed on t1r behalf by.. onNJ Lesley Jones Chairwoman arKJ President Date: 25.04.2025 Page 14
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION Opinion We have audited the financial ststements of Foundation for Enwronmental EdLKation (the 'charitable company,) for the year eTrJed 31 DMr 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the rat notes, irKJuding a summary of gnificant accounb'ng policies. The financial reporting framework that has been applied in their preparats'on is applicable law and United Kingdom Accounting Standards, indudiro Financial Re"ng Stsndard 102 The Financial Repon9 Standard applicable in the UK and Republic of IrelaThJ' {United Kingdom GerallY Apted Acujunting Practice). In our opinion the financial statements.. give a twe aThJ fair wew of the stste of charitable companvs affairs as at 31 December 2024 and of its incoming resources and apiCab.0n of rurCes, ill*ing its income and expenditure for year then ended; have been property prepared in accordance with Unrted kn"ThJdom Generally Accepted Accounting Practlce; and have been prepared In ordan th the requlrements of Companles Act 2006. Basis for oplnlon We conducted our alIt in accordarKe with International Stsndard5 on Auditir¥J (UK) (ISAS (UK>) and applicable law. Our K)nsIbIlitieS under those standards are furtlkr described in the Auditors, resrxinsibilities for the audit of the finarrial statements sethon of our report. We are indepa)dent of the charitsble company in accordatKe with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Finanoal ReFK)rtirvJ CourKil's Ethical Stsndard, aThJ we have fulfilled our other ethical responsibilities in accordance with these requirements. We tdieve that the alt eviden we have obtained 15 sufficient and appropriate to provide a bag's f¢y our opinion. Conduslons relatlng to golng concern In auditing the finanoal ststements, we have Col1ed that Tru5tees' Use of the going COnM ba515 of accounting in pparatIOn of the finanoal staterrents is aopriate. Based on the work we have performed, we have Th)t identified any material uncertainties relating to events or conditions that, intjiwdually or collectively, may cast ygnificant doubt on the charitable companvs ability to continue as a goiro corKern ts a periThY of at least tjvthe months from when the financial statements are authorised for issue. Our responsibilities and the restongbilits.es of the Trustees wth respect to goiro coreM are descrlbed In the relevant sections of this reFX)rt. Page 15
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION ICONTINUEOI other inforniation The other information compises the inf0mtion iluded in the Annual repM)rt otlw than the financial Statements and our AjItOrs. retK)rt thereon. Tr Trustees are re5Fon9ble for the other information contained within the Annual report. Our opnion on the finala1 statements dS not cover the other inft)rmation and, except to the extent otherwise explicitly stat&xl in (Mjr rewrt, we do not express any fomi of aSran condusion thereon. Our re4nbility is to read the other information arNJ, In doing so, corsider whether the other informatson is materially incon9Stent with the finanoal ststements or our knowledge obtained in the course of the audit, or otheNise opar5 to be materialty misstated. If we identify such material inconsistenoes or apparent material mi55tatements, we are required to determine whether this gives rise to a material misstatement in the financial ststements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this otlw informab"on, we are required to rekwxt that fart. We have nothing to reEKsrt in this regard. Oplfilon on other matters prescrlbed by the Companles Art 2006 In our opinion, based on the wor1( uThJertaken in the course of the audit.. the informab'on given in the Trustees. report for the finaroal year for which the financial ststements are prepared is con95tent with the finaroal tements. the Trustees, rert has been prepared in PKCOrdan with aFf4tsbk legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understandiThJ of tharitsble company aThJ its enmronment obtained in the course of the audit, we have not identified material misststements in the Tru5tee5' report. We have nothing to report in reskd of the following matters in relation to which Companies Art 2006 requlres us to report to you if, in our opinion: adequate accounting rec(Yds have t ken kep¢ retums adequate for our audit have not treen reiVed from branches not visited by us; or the financial statements are mt in agreement with Occwnti4 records and retum5,' or certain disclosures of Trustees, remuneration specified by law are rKst made. or we have not received all the informabon a1 explanations we require for our audit,. or the Trustees were Th)t entitled to prepare the finanaal statements in accordanTr with the small companies regime and take advantage of small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the Trusteeg reswnsibilits.es siatemenL the TrLtstees (who are also the directors of the charitable company for the purpyxs of company law) are reS[sible for the preparation of the financial Statements and for being satisfied that they give a and fair view, and for such internal control as the Trustees determine is necessary to enae preparation of finanaal Statements that are free from material misstatement, whether to fraud or error. In preparing the financial statements, the TrLtst a reble for assesgng tharitable company's ability to continue as a going conrn, disdogThJ, as applicable, matters related to going conTrrn and using the going corrn basis of accounty'rvJ unless the Tru51ees either intend to liquidate the charitable company or to cease operations, or have rK) realistic altemative but to Ik) s). Page 16
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION ICONTINUEOI Auditors. responsibilities for the audit of the finanaal statements Our objectives are to obtain reax>nable assu at#)Ut WI the finarKial statements as a W)le are free from material misststement. whether due to fraud or error, and to issue an Auditors. report that includes our opinion. Reasonable assurance is a high level of assurdnce. but is not a guarantee that an audit conduLted in accordance with ISAS {UK) will always detert a material missiatement when it est$. Misstatements can arise from fraud or error and a congdered material if, individually or in the aggregate, they could reasonably be expected to influence the ecommic decisions of Ltsers taken on the bags of these fina31 statements. Irregularities, including fraud, are inarKes of mn-c0mpllan with law5 afKI regulations. We desgn prOdureS in line with our responsibilib'es, oudined at)ve, to detttt material missiatements in respett of IegulatIes, ncluding fraud. The objectives of our audit in rest*rt of fraud are: to identify and assess the risks of material mi55tstement of the financial ststements due to fraud.. to obtsin 5uffioent appropriate audit evidence regardirrfJ the assessed rlsk5 of material misstatement due to fraud, through deggniThJ and implementing appropriate responses to those assessed risks,. and to respond appropriatdy to instsnces of fraud or suspected fraud identified during the audit. However, the pnmary respongbility f¢x the prevention aThJ detection of fraud rests with tth the management aThJ those charged g)vemarKe of charitable company. Due to the field in whith the chartsble company OFerate5, we idents'fd the aa$ most likely to have a direct material impact on the financial statements as: compliance with UK accounting standards, the Companies Att 2006 and the Charities Act 2011. In addition, we congdered the 0On5 of other laws and regulations which, whilst not hawng a direct impact on finanoal statements. are fundamental to the charitsble company's ability to operate Indling EmtAoyment Law. GDPR aTrJ compliare with various other regulations relevant to the operatr'on of the charitable company. Our approach to identsfylrrfj and asseOng the ri4( of material misstatement In respect of Irregularities Indudlng fraud and nOnMplIan with laws and regulations, i1]ed the followng.. Enquiries with management any kmwledge or svsFthJ Instan of non-complian with law5 and regulaty'ons and fraud,. Reviewing board minutes; Reviewing legal and profesgonal fees ts indicat(Ks of litigab'on. Reviewing transactions Wlth countries on the Finanoal Action Task Fce listing aThY enquiring with management alxjut the due diligence prcKedures and controls in pla. Reviewing financial statement dixlosvres te5)'ng to SVPFX)rtiro dCMentatiOn to assess compliance with applicable laws and regulatior6' Assessng the risk of material misststement of finaal Statents. induding the risk of material misststement due to fraud aThJ how it MhE r. by hohJiThJ disws90ns with management and those tharged with governan. Challenging assumpts'ons judgements made by management in their ggnificant accounting e5ty'mates, in particular in relation to provi90n for W debts: a Auditing the risk of management override of contrds. indling ihrough te5brg of joumal entiies and other adjustments for appropnateress. Page 17
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL EDUCATION ICONTINUEOI Due to the inherent limitstiorbs of an alt, there is a risk that we will rK)t detett all legUlarlties, including those leading to a matenal misstatement in the financial ststements or non-compliance with regulats"on. This risk increases the more that compliance with a law or regulation is removed from the events and transactions refletted in the financial statements, as we will tt less likely to tecome aware of instsn5 of non-complianTr. The risk is also greater regarding irregulantyes occurriTrJ due to fraud rather than etTor, as fraud involves intentional concealment, forgerytr colluOn, omisson or misrepresentstion. A further descriptson of our restbilitieS for alt of finanaal statements is IcKated on the Financial Reporting Counol's web9te at.. www.frGor LKlito ngbilibes. This desoipb'on forms part of our ALJditors' report. Use of our report This report is made solely to the tharitable companvs membus. as a boty, in accordance with Chapter 3 of Part 16 of the Companie5 Art 2006. Our alIt WO has been uThYertaken so that we might State to the tharitable company's members those mattets we are required to stste to them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume reSnSIbIlity to anyone other than the charitable compary and its membe. as a W. for our audit work, for this report, or for the opinions we have formed. JfvLv Joanne Fox BA FCA (Senlor statutory audltor) for and on behalf of BW Audit Limited Chartered Accountants Statutory Auditors Berry & Warren 54 ThorFe Road Norwich NRI IRY Date: 29 April 2025 Page 18
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Nots Income from: O)aritable activities Investments 1.909.298 48.117 833,000 2.742,298 48,11T 2, 199,055 Total Income 1.9S7,415 833,000 2.790,415 2, 199,055 Expendlture on: aritable activities 1.470.333 695,296 2.165.629 1,966,808 Totsl expendlture 1,470,333 695,296 2,165,629 1,966.808 Net movement In funds 487.082 137,704 624,786 232.247 Reconclllatlon of funds: Total funds brought forward Net movement in funds 1,260,867 487.082 249,171 137,704 1,510,038 624,786 Y,277, 791 232,247 Totsl funds carrled forward 1,747,949 386,875 2,134,824 1,510.038 The Ststement of financial attivities indudes all gains and losses rn1 in the year. The Th)tes on pages 22 to 38 fomi part of these finala1 ststements. Page 19
FOUNDATION FOR ENVIRONMENTAL EDUCATION A company limitèd by guarant891 REGISTERED NUMBER: 04752279 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Fixed ats IntsrYJible assets 176,183 99,306 176.183 99,306 Current assets Debtors Cash at bank and in haThJ 352.202 1.883,420 316, 183 1,476.596 2,235,622 1, 792, 779 Creditors: amounts fallirrfj due within one year io {276,9811 (382.047? N¢t ¢urr¢nt ats 1,958,641 Y,410, 732 Total net assets 2,134,824 7,510,038 Charlty funds Restricted funds Unrestricted funds li 386,875 1,747.949 249, 171 1,260,867 li Total funds 2,134,824 1,510.038 The Trustees acknowledge their rest&tlitieS for complying with the requirements of the Att with respert to accounting rordS armj preparnbon of finartial statemen The financial ststements have teen prepared in ac(cKdae with proM&c5 apFlicable to entities subject to the small companies regime. The financial statements v4ere approvaj arKJ authorised for isyje by the Trustees and %gned on their behalf by.. Lesley Jones Chairwoman arKI President Date: 25.04.2025 The note5 on pages 22 to 38 fomi part of finala1 siatements. Page 20
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activities Net cash used in OFerating actiwties 514.250 223,007 Cash flows from Investlng artlvltles Purchase of intangible assets {107.4261 (40,669? Net cash used In Investlng actlvltles {107,4261 140,6691 Change in cash and cash equivalents in the year Cash and cash equirdlents at the teginniThJ of the year 406,824 182.338 1,476,S96 1,294,258 Cash and cash equlvalents at the end of the year 1,883.420 7,476.596 The notes on pages 22 to 38 fom) part of these finala1 ststements Page 21
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General inforniation The charitable a)mpany is a company limited by guarant. The members of the company are the Trustees named on page l. In the event of the d)aritable company being wound up, the liability in respect of the guarantee is limited to £1 rer mter of the charitsble company. The add55 of the registered Offi is 74 The aose, Norwich. Norfolk NRI 4DR aThJ the head Offi is scaliagade 13. DK- 2450 Copenhagen SV, Denma. Accounting poliaes 2.1 Basls of preparatlon ot Ilnandal statements The financial statements have been wepared in an with the Charits'es SORP (FRS 102) - Accounting and ReFM)rtiThJ by Charities: ststent of Recommended Practs applicoble to charits'es preparing their accounts in aCcOrdae with the Finaroal Reporting Stsndard applicable in the UK and Republic of Irdand (FRS 102) (effective l January 20191, the 'naal Rerx)rtirrfJ Standard applicable in the UK arKI Republic of IrelaThJ (FRS 102) the Companies Act 2006. Foundabon for Enwronmental EdatIOn meets the definition of a public tenefit entity under FRS 102. Assets aThY liabilities are In'allY recognised at hi5torKal cost or transaction value unle55 otherwise stated in the relevant accounb'TrJ pJiry. 2.2 Golng concern The Trustees have considered orMJoirwJ finarKial unrtaInty of increasiryJ inflation and the threat of recesgon. The level of unrestn'rted reseNes p)$9ble finaroal savings means that the charity is in a gxI postion to withstsrKJ the impart in sFK)rt-term. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aUthoring these finanoal Statemen Tr TrLtstees congder that the bLMJgeted income and expenditure is sufficient with the level of unrestricted reseNes for FEE to be able to meet its liabilities as they fall due. For this rea50n, the Trustees consder it appropnate for the financial statements to continue being prepared on a going cor(em bags. 2.3 Income All income is recognised On the tharitable compary has entitlement to the income, it is probable that the irKome will tE re•ve{l and the amount of ir(ome r1Vable can be measured reliably. The main source of income relates to memrship fees and programme lewes charged to FEE member organisations as well as from ctr(yrab"on agreements with corwrate partners (mainly Wrigley FouThJation) providirvj fuThJiTrJ for swfic pro). TFEse are rec(xJnised when FEE has entiuement to the income. Page 22
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poliaes (continued) 2.4 Expenditure ExperKliture is rerogniwl an accrua15 bags Or there is a legal or con5tnKtive obligab'on to transfer ecorK)mic benefit to a third party, it is probable that a traIr of economic benefits will be required in settlement and the amount of the oiligation can measured reliably. Expenditure is dassfied by athvity. The costs of each ath.vity are made up of the total of direct costs and shared Costs, indudiro support costs involved in undertaknng each actiwty. Dirett costs attributable to a grole activity are allocated direcdy to that acb'vity. Shar&1 costs which contribute to more ttron one arti7ty and suprx)rt costs which are t attributsble to a single artivity are aptx)rtioned between those attwibes on a basis consistert with the use of rurce& Central staff costs are allocated on the bags of time spent, and depreciation charges allcoted on the port+on of the asset's use. xpenditure on charitsNe actiwties 15 irrr direcuy undetsknThJ the activities which further the charitable company's obitttives, as well as any a$9XJated 9JPPOrt costs. G0vemae co&s are those Irrred in connection wth administration of the charitable company and compliarKe wrth constitutional statutcry requirements. All expenditure is incluyve of irrecoverable VAT. 2.5 Interest recelvable Interest on ftjnds held on depogt is IndjaY when receNable and the amount can measured relia¥ by the charitsble companyi this is nc*mally upon rK)tification of the interest paid or payable by institution with whom the funds a deP'ted. 2.6 Penslons The tharitsble company rateS a defined contribution [SlOn scheme and the penson charge represents the amounts paYae by ttE dpritable company to fijnd in respect of the year. 2.7 Operating leases Rentsls paid uThJer OFffits'rrfJ kases are tharged to the Statement of finarrial activities on a straight- line bass over the lease term. 2.8 Foreign currencies Monetary assets and liabilibes denomirsated in foreign currenaes are translated into euros at rates of excharvJe ruliThJ at reFM)rting date. In the prior year, transactions in foreign currenaes were tranated into euros at the rate ruling on the date of the transaction. In the ojrrent year, tran&acb"ons In foreign currencies are translated into steding at the rate ruling date of the transathon and converted into euros usng the average excharvJe rate at the year . Exchange gains arKJ losses are rWnls in the Statement of finan(ial aLtivities. Page 23
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poliaes (continued) 2.9 Presentational currency These financial #ateffits are prepared in Euro& Tr 5teding Euro exchange rate as at 31 Cecember 2024 was é1.208 and as at 31 DEnber 2023 was El.153. 2.IOTaxation The charitsble company is congdered to Pass tes set out in Paragraph I Sthedule 6 of the fv.nan Art 2010 and tFrefore it meets the definib.on of a tharitable company for UK cortxiration tax purtKises. Accordingty, the d)aritable company is p)tenb"ally exempt from taxation In respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Art 2010 or Section 256 of the Taxation of Chargeable Gains Art 1992, to the extent that such income or gains are applied exdugvdy to purFx)ses. 2.IlIntsn9lble assets and am¢)rtlsatlon Intangible assets cosb'rKJ É5,(KKI or nTh)re are capitalised and reccxjnised when future economic benefits are probable, aThJ the c05t or value of the asset can be measured reliably. Intsngible assets a inrtialty recognised at cost. After recognib'on, under the cost model, intsrKJible assets are measured at cost less any accumulated amortisation and any accumulated Impalrment Amorti5ation is provided on following bases: Datsbase Trademarks Website 20 % straight line 10 % straight line 20 % straight line A55ets in the course of CstrUcbon are rot aThb)rtised unts'l they are brought into use. 2.12Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at annt prepa rt of any trade discounts due. 2.13Cash at bank and in hand Cash at bank and in haThJ (ash a1 short-terni hJhIY liquK1 investsnents with a short maturity of three monihs or less from the date of acquisti or opening of the depogt or similar account. Page 24
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poliaes (continued) 2.14Liabilities and provisions abilities are recogni%d when there is an dAation at the Balar sheet date a5 a result of a past event, it is probable that a transfer of noMiC benefit will k required in settlement, and the amount of the settlement can esb"mated reliably. abilities are reco3nised at the amount that the tharitsble company antiopate5 it will pay to settle the debt or the amount it has received as a¢fvanced payments for goods or service5 it must provide. Provisions are meagjred at the best estimate of the amounts required to settle the obligation. Where the effert of the time valLE of morey is material. the provision is based on the present value of those amounts, discounted at pre-tax dixount rate that reflects the risks specffic to the liability. The unwindirrfJ of tlk discount is rn1$&j in the Ststement of financial acb'wties as a finantr C¢)St. 2.ISFlnandal Instrnments The charitable company onty has finanoal assets a1 financial lbili.es of a knnd that qualify as baslc financial instruments. Basic financial instruments are initially reccgni5ed at transaction value arKI subsequendy measured at th•'r settlement value. 2.16Fund accountlng General funds are unrestn'cted ftJThJs which are available for use at the discretion of the Trustees in furtherance of the general objtiveS of fv tharitsble company aTrJ whith have rK)t been deggnated for other purpK)ses. Restricted funds are funds whKh are to Ltsed in accordartt with StlfiC restrirtions imposed by donors or which have tttn raised by the tharitsble company for particular purpose5. The costs of raising and administering such fvnds are tharged against ihe 5peafic fvnd. The aim arKI use of each restricted fund is set (Krt in the rK)tes to the financial statements. Investment income, gains and losses are alhxated to the atoropriate fund. Page 25
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable artivities Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Fees and other income Blue Flag Eco-schods 410,026 245,529 239,209 28,518 17,434 ,582 410,026 245.529 4SS.381 519,716 67.612 1,044.034 216,172 491, 198 50, 178 75,452 YRE LEAF Green Key 1,909,298 833,000 2,742,298 Unfftslncted Restrict&d funds funds 2023 2023 Tol81 funds 2023 Fees and other income Blue Flag Eco-Sch¢xAs YRE 562,939 224. 183 562,939 224. 183 292,250 594,468 32,071 493. 144 185.686 29,008 15.973 455.427 106,564 565,460 16,098 37,717 LEAF Green Key 1,473.276 725.839 2, 199,055 Page 26
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by aclivities Support costs 2024 Total funds 2024 Activities 2024 Meetings & other administrati costs Blue Flag Eco-schods 697,780 184,954 315,507 393,256 107,459 450,025 697,780 184.954 315.507 393,2S6 107.459 450,025 16,648 YRE LEAF Green Key Professional fees 16,648 2,148,981 16,648 2,165.629 Meetings & other administration costs aThJ profess'onal fees are 9JPWt costs in relation to the charitable ath'vities. rolal funds 2023 Actrvrties Support costs 2023 2023 Meetlngs & other admlnlstrats.on costs Blue Flag Eco-schods YRE LEAF 611, 138 146.6T5 611.138 146,675 317.143 493,363 70,864 302.244 25,381 317. 143 493,363 70,864 302.244 Green Key PrOfeOnal fees 25,381 1.941.427 25.381 1,966.808 Page 27
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities (continued) Analysis ot dirert costs Meetlng$ & oth*r admln ¢o$ts 2024 Blue Flag Eco-S¢hools 2024 2024 YRE 2024 LEAF 2024 Staff costs 561,942 3,146 130,745 {17,107) 9.667 9,387 122.771 234,465 155,314 88,086 Amortisation Travel aThJ admin expenses Lossl{gainl on foreign exchange PR materia15 Bad debt write off 49,754 65,480 217,057 16,089 11,647 782 14,585 977 20,494 391 3,284 697,780 184,954 315,507 393,256 107,459 Total fund$ 2024 Green Kgy 2024 Staff costs Amortisation Travel aThJ admin expenses Lossl{gain) on foreign exchange PR materia15 Bad debt wrrte off 223,186 16,460 178,536 1,385.764 19,606 657.661 117.107 90.507 12.550 30,830 1,013 450,025 2,148.981 Page 28
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities (continued) Analysis ot dirert costs (continued) Meelings & other admin costs 2023 Blue Flag Ec(>Schools 2023 2023 YRE 2023 LEAF 2023 Staff costs Amoitsation Travel and admin expenses Lo/{gaIn) on foreign exchange PR materials Bad debt write off 430.824 107,DT9 205.935 170,432 51,873 3.061 156,039 6,369 13.064 1, 781 26,296 93,996 291, 744 14, 706 13.30D 17.272 31. 187 4,285 611. 738 146.6T5 317. 743 493.363 70,864 Tol81 funds 2023 Green K8y 2023 Staff costs Amortisation Travel aThJ admin expenses Lossl{gain) on foreign exchange PR materia15 Bad debt write off 187, 116 10, 709 87,052 7, 153,259 13, 770 669,833 6,369 96.415 1, 787 17,367 302.244 1,941,427 Auditors. remuneration 2024 2023 Fees payable to the charitable companys aJitor for alt of tharitatrAe company's annual accounts 13.023 12.070 Page 29
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Wages salaries Social securty costs Contribution to defined contribution pewLW thmes 1,291.068 8,773 85.923 7,071.593 7,086 74,580 1,385.764 1, 153.259 The average number of Fer employed by thritatAe compary duriTrJ the year was as follows: 2024 No. 2023 No. Employees 18 76 The number of employees wh)se employee benefits (exduding emF4oyer Fenslon costs) exceeded 60,000 was.. 2024 No. 2023 No. Ln the barKI £70,001- £,1)00 In the barKJ £80,001- £,1)00 In the baThJ ÉiiO,001- É120,( The baThJs detsiled atx)ve are the Euro equivalent to the Stedirvj baThJ disdosures as required in the SORP. The fluctuation in the nUMr of employees receiwThJ employee benefits in excess of É70,001 is due to movements in the value of the exchange rate. There have Lwn Th) Sgnificant staff changes during the year. Key management kwsonnel have aggregate MUrration of £574,082 (2023.. É581,869). Trustees. remuneration and expenses During the year, ro TnJ5tees received any remurvation or other berefits (2023- 1£). Reimbursement of Trust& expnses are set cyrt in note 20. Page 30
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Intangible assets W•bslt• Sn course of construction Website Trademarks Datsbase Total At l January 2024 Additions 154.985 119.910 72,584 26,541 347.479 107.426 80.885 At 31 December 2024 80,88S 154,985 119,910 99,125 454,90S Amortlsatlon At l January 2024 Charge for the year 145,440 2,663 68.694 11.991 34,039 15,895 248.173 30.549 At 31 December 2024 148,103 80,685 49,934 278,722 Net book value At 31 December 2024 80.885 6,882 39.225 49,191 176.183 At 31 Demter2023 9.545 51,216 38,545 99,306 Debtors 2024 2023 Due wlthln one year Trade debtors Other debto 241,012 34.026 77.164 167,891 21,651 126,641 Prepayments accrued IrOn 352,202 316, 183 Page 31
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Creditors: Amounts falling due within one year 2024 2023 TtBde creditC5 other creditors Accruals and deferred income 48,001 156,398 72.582 66.911 121,000 194, 136 276.981 382,047 2024 2023 Deferred income at l January 2024 Resource5 deferred during the year Amounts released from previws periojs 173,877 28,007 1156,7901 f 98,524 143.654 (168,301) 45.094 173.877 Deferred income rdates to membership fees arKI levies invoicoj in advan that the charity is not yet entitled to. Page 32
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Statement of funds statement of funds- current year Balance at 31 Decembèr 2024 Balancè at 1 January 2024 In¢ome Exp•ndltur• Unrestrlrted funds General Funds 1,260,867 1,957,415 11,470,333> 1,747.949 Restrfcted fvnds Wrigley (Phase 5} Global Forest W30 Dev GFF GIZ Project 22-25 Synopsys PlanEat 186,167 45,814 17,190 491.198 {459.4371 217.928 45.814 17,190 9.459 36.712 1,580 60.704 12.5121 75,452 65,963 89,272 80,937 50.178 165.9931 {29,251 167,692 {20.2331 {52.6901 PPG Industhes Europe Sarl BioBEO 249,171 833,000 1695,2961 386,87S Total of fundg 1,510,038 2,790,41S 12,165.6291 2,134,824 Page 33
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Statement of funds (continued) Restricted Funds The kn.tter Less campaign is Ing Implemented through the YouThJ Rep)rted for the Enwronment IYRE) nd Eco-schools programmes, run by the Fwndation for Environmental Education and funded by Wrigley Company Foundation. The cAmpan and pro3ramme are open to stlents aged 11 to 21 WFK) art as journalists, investigating the proteM of litter arKI rerxwtirKJ in their community via print, photography or video. Global Forest Fund minimises effects of C02 emissions by planb'ng trees. Alcoa Fund is an environmentsl literacrf inibative programme started in 2016 to educate children abput en1ronmentsI issues through scien, techrK)logyi engineering and math skn"Ils. The Wrlgley 30 year annlvernary grant IW301 fijnds intemal capacity building and development in regards to communication (Commsl, development and promotion of the Global Forest Fund {Dev GFF) and the establishment of a regional African rEtwork by sUPP)rting Afn'can countres (SAC>. GIZ Projert 22-25 Is a pr(*Jramme to Improve the Com"veness of National Enterprlses In Cambodia by promoting tourism sectorfs recow following COVID aThJ integratr'rKJ sustainable practi5 as part of the rebuild. Synopsys are supportirYJ FEE to enable the laurKh of the Eco-school programme in Armenia as part of FEE'S commitment to meetsng the global targets of the Greening Educabon Partnership. PlanEAT is a Horizon EuroFe researth project, fiJThJed by the European Commission, which aims at transforming fojd systems and focxy environments towards healthy and sustainable dietary behaviour. The project started in Septemter 2022 will last for 4 yeats. PPG Industries Europe Sarl is suptx)rb'ng FEE in a tWO•year partnership from 202+2026 to facilitste the creabon of new educational materials, itKILyJiThJ Eco-khcKsls handLks, instruth.onal Mdeos, onllne courses, teacher training materials. These rts)ur5 will be made available in multiple larouagewnduding EThJlish. thne, Spanish, Portuguese. and ensure global acssIbIlIty and impart. BioBEO is a two-and-a-half-year project with 15 partners to develop and deploy an education programme to enhance engagement across xoety regarding lifeswe, circularity and '0ecOMmy, ugng 5 bioeconomy themes . InterCOnedneSs. outd( LeamirrfJ, FreStr¥, tsfe Below Water and The Food Lwp. Page 34
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Statement of funds (continued) statement of funds- prior year Balance 8t 1 January 2023 Salance al 31 December 2023 Incom8 Exp8nditur8 Unrestrlrted funds General Funds 1. 128.491 1,473.216 {1,340.840) 1,260.867 Restslrted fvnds Alcoa (Phase 5) WgleY (Phase 5) Global Forest W30 Dev GFF GIZ Projert 22-25 BioBEO PlanEat E-space STEM 26,761 58,872 45.874 17,190 663 10,063 565,460 (36,824) (438, 165) 186, 167 45,814 17,790 37.717 16,098 57.264 39.237 (38,380) (16,098) (57,264) (39,237) 149.3CQ 725.839 (625,968? 249, 177 Total of funds 1,277. 791 2, 199.055 (1,966,808) 1,510,038 Page 35
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Analysis of net assets between funds Analysis of net assets between funds- rrent period Unrestricted Restricted tunds tunds 2024 2024 Total funds 2024 Intangible fixed assets Current assets Creditors due within one year 176,183 1,848,747 1276,981) 176.183 2,235,622 1276.9811 386,875 Total 1,747,949 386,875 2,134.824 Analysls of net assets between funds- prfor perlod Unreslncted Restricted funds funds 2023 2023 Total lunds 2023 Intsngible fixed a$5ets Current assets 99.306 1,515.641 (354.0801 99.306 1, 792, 779 (382,0471 277, 138 (27,96T? Creditors due wthin one year Total 1,260.867 249, 171 1,510,038 Page 36
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Reconciliation of net movement in funds to net cash flow from operating artivities 2024 2023 Net income for the pericKi {as Fer Ststement of finaroal Activities) 624,786 232.247 Adjustments for: Amortisation charges Decrea5el(increa5e) in debtors Increaselldecrease) in credrtors 30,549 {36.019 {105.0661 24,385 (6,966) (26,659) Net cash provided by operating aclivities 514.250 223.007 l& Analysls of cash and cash equlvalents 2024 2023 Cash in hand 1,883,420 Y,476,596 Total cash and cash equlvalents 1,883.420 7,476,596 15. Analysls ot changes In net debt At31 December 2024 At 1 January 2024 Cash flo Cath at bank and In haThJ 1,476.S96 406.824 1,883.420 1,476.S96 406.824 1,883,420 Page 37
FOUNDATION FOR ENVIRONMENTAL EDUCATION IA comnY Ilmltod by guarnntsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Capital commitinents 2024 2023 Contracted for but not provided in these finanaal statements Acquisition of intsrgible assets 36,230 17. Penslon commltments The charitable company OFerates a defined contribution Fenyon scheme. The assets of the scheme are held separately from those of the charitae company in an iThYeFendently administered fund, The penson cost charge represents contn'butions payable by the tharitable company to fund and E37 (2023.. Enil> was payable to the fvnd at the balan sheet date arKI s induded in creditor% l& Operatlng lease commltments At 31 December 2024 the tharitable company had commitments to make futu minimum lease payments under non-cancellable operats'rvj leases as follows: 2024 2023 Not later than l year 72,023 72, 189 19. Related party transactlons The Trustees represent 0r organisabons who are al memttrs of FEE and pay membership fees alorrfJ with other members. Any transactions betjyeen FEE arKJ member organi5ations in which Tru5tee5 have an interest are sUb]t to normal commeraal term During the year, 5 {2023.' 8) Trustees received reimtsjrsement for travel expenses to and from Committ meetings and in connection with bugness of the charity totallirYJ E14,079 12023.. 12,557)- At the year erKI Enil {2023: Énil) Wds OUt#andirrfJ. Further costs of trustee travel and 5ubsstence for attendance at member Mting5 arKI Conferen were paid by the charity on the same basis as any other meMrS atte[Ing. No trustees r1Ved any remuneration (2023: thil). FEE rents its head Offi from the Danish Outdoor Courril which is a member organisation of FEE. Total rent for the year as É73,1)49 {2023.. ,639). Page 38