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 com￿nY 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 com￿nY 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 Dan￿1 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 com￿nY Ilmltod by guarnntsg)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trust￿ (who are a150 dIr￿orS of the Iharity for the purtM)ses of the Companies Art} present their annual
report together wth the aUdIt￿j financial statements of Foundation for Enmronmentsl Ed￿ts'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 a￿1 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 A￿UatIOn. 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 m*t 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 m￿ti[VJ5 arKJ on an ongoirYJ basis tRtween the FEE
President and the FEE CEO arKI tetw*n the FEE w(MJTamme directors aThJ the specific Board members
responsible for each programme.
Page 2

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 inforn*d 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 deF*ndiThJ 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 a￿1 miscommunications and enhances the ability to
provide solutions early in the pr￿e$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 SUC￿55 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 com￿nY 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 approv￿1 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 im￿ementation of KPts and actions needed to achieve our goals is
underway through all five FEE programme&
The main goals land sU￿0als) inclLKled in the current Strategic Plan a￿.
EMPOWER CLIMATE AcfioN:
1> Ensure FEE'S pc4icie5 afKJ prcgramThEs meet ts en￿rOnMents1 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 sustaina1￿e 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 reSoU￿S a￿ut
dimate change, biodiversity and wAluLJ"on for MeM￿r5, Nats"onal OreratOf5 and other audiences both within and
outs'de the FEE rthor
21 ADVOCACY - Gather stories arKJ best prdctces from fflembers a￿1 promote them to FEE'S global audien￿5.
Scale-up communication efforts and streThJthen FEE'S role in the global dialogue a￿ut the strategic f(Kal areas.
Produce and disseminate an advocacy guide to meML￿S 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 com￿nY 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 metlK*JolcrtJies and infiuence on new audiences throloh Collat￿ration and
partnerships. Continue to strengthen FEE'S role in the UNFCCCIUNESCO Acb'on for Climate Em￿werMent (ACE)
and strengthen FEE'S involvement with youth organi5ation5. Develop rdab'on5hip5 to ensure that FEE has a
voice in relevant forums that conneLt toUri￿n and dimate Cha￿je. 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 t￿0￿h 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, a￿1 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 ValUa￿e Op￿rtUn￿leS 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 p￿sentatIon
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 com￿nY 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 a￿1 rKJn-formal education, broadenirrfJ the scope of its
environmental stewardship. Finally, FEE b￿ame a memtr*r 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 ACt￿n Plan, initially publisw in June 2023, was renewed in June
2024, reinforcing FEE'5 commitM￿ts urKkr t￿ aa5gow DeJaration a￿1 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 a￿1 pa￿'clpaknng in workshop5. FEE also took part
in the Biodivergty COP in Cali, Contrib￿1r￿ 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 fcar*d 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
s￿cIalist 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 f￿d education in ￿￿KX)IS to foster further discU￿onS 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 deVelopn￿t 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 ed￿tion 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 receiv￿1 1,369 unique visitors.
Page 6

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 ￿'rert￿5 wa5 plea￿V 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 ￿p￿sented 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 a￿lts (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 sign￿1 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 t￿aches, +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 com￿nY Ilmltod by guarnntsg)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
In 2024, Blue Aag International has fr￿U￿1 its strdtegic development toward5 the alignment wth new arKI
rew5ed EU legislation that will tx)tentially have an impact on its pr￿eSSeS 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 apprOa￿d to J￿n 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 practi￿5, 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 ￿mar￿A￿4e 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 Ir￿￿r￿j 1nfiUe￿e in sustainable tounsm globalty.
Key partnerships with international hotel ohains a￿1 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 s￿h as PAx)king.com and Trdvdlyst further aMplifi￿j its impaLt, ￿rnenting its role a5 a leader
in sustainability.
New national operators in Argentina, Armenia. Australia, Azerbaijan. Chile, a￿1 Malta joined the programme,
reflerting its growing global appeal. In response to Y￿0m1ng 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 com￿nY 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 Arn￿10. AZert￿ljèn, Egypt and Niger, with SC￿15 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 dI￿U￿OnS 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 SCI￿lS 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 EdL￿at￿n 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 ￿reMC￿Y 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 U￿lergone a sgnificant fa￿lift. 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, ur￿latir￿j existirg ore5, a￿1 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 Face￿￿k, with higher
engagement than the previous year. The Exposure YRE Winner page r￿1Ved 8,224 views be￿een October and
November 2024. The YRE course ft)r TeacFvs has been u￿jated to make it easer to complete and to enharKe
understanding and ervJagernent.
The new category in the YRE CoM￿tItIon is being developed with reSou￿S 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 t￿pIe 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 com￿nY 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 edUCat￿n. jl￿ over 8LKI %tes part￿"pat￿l 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 b￿rd 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 add￿onal ftJrKJir#J from the Helvellyn FoU￿lation until 2025,
supporbr¥J actions aligrEd with the UN Decade on Ecovem Re5torab'on.
g. Global Forest Fund
In 2024, the Global F￿t 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 com￿nY 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 ￿￿ra19￿j capaoty by hiring a dedicated part-time, in-hou
fundraiser. This in￿latIVe, 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 - DeVelo￿￿j a regicTr5pe(ific mcmjel to advan￿ ￿E'S leadership role in the
UN'S Greening Education Partnership (GEP).
Biodiversity education
Creating nEthc*JolchJies to integrate bic*Jiversty 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 rea￿ab￿ expecktr'on that the tharitsble company ha5
adequate re50urces to Continue in operab'onal existeno for the foreseeable future. For this rea￿n, 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 am￿ntiryJ 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 Obj￿tiVe 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 all￿ted for growth). This is a￿ut
50% of the full required amount arKJ FEE aims to continue to I￿eaSe 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 com￿nY 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 ac￿Ptable level of risk
for the d)arity.
d. Summary of financial perforniance
The FEE Ststutory Accounts 2024 continL*d the cortsolidated fina￿la1 reF¥)rt induding all of FEE'S international
ath'vities with the general administration. all prc4Jrammes a￿1 all projects teing part of the financial repO￿r￿j in
the accounts.
The following comments relate to the finarrial statements aThJ bLMSJet for 2024:
Income and ExPendI￿re accounts
al The overall income for the year is E471,193 h￿her than bLKh3eted. The main rea*n 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 contribUt￿n 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 mI￿alcUlated, 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 a￿S posgble.
d) Travel and Meets'rrfjs exFenses are É56,936 higher than bL*Jgeted. 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 year*rnl finanoal statements.
n other Extknses are É221,468 loV￿r 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 com￿nY 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 account￿1 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, fC￿￿￿j 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(gram￿*S, 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, I￿ludIr￿j 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 meM￿rs. 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 red￿ng travel-related emissions.
Additionally, FEE will participate in ihe IUCN f*neral 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 com￿nY 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 Staten￿nts in accordan￿ with applicable law
and United Kingdom Airourbting StsrKJard5 (United lthngdom Generally Accepted AccountirvJ Prattl￿1.
Company law requires Tnjstees to prepare financial staten￿ts 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 reSoU￿S 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 pri￿lpleS 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 b￿r￿.
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 a￿aIt l￿ft￿rnat￿n of which the tharity'5 auditors are
unaware, and
that Trustee has taken all the step5 that 0￿ht to have been taken as a Trustee in order to be aware of
any relevant audit inf0m￿tion and to estatAish that the tharitys a￿jitorS are aware of that information.
Approved by order of the members of the board of Trustees arKI signed on t￿1r behalf by..
onNJ
Lesley Jones
Chairwoman arKJ President
Date: 25.04.2025
Page 14

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 D￿M￿r 2024 which comprise the Statement of financial activities, the Balance sheet,
the Statement of cash flows and the r￿at￿ 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 Repo￿n9 Standard applicable
in the UK and Republic of IrelaThJ' {United Kingdom Ge￿rallY A￿pted 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 ap￿iCab.0n of r￿urCes, i￿ll*￿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 a￿lIt 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 a￿lt 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 Co￿l￿1ed that Tru5tees' Use of the going COn￿M ba515 of
accounting in p￿paratIOn of the finanoal staterrents is a￿opriate.
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 cor￿eM are descrlbed In the
relevant sections of this reFX)rt.
Page 15

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY Ilmltod by guarnntsg)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL
EDUCATION ICONTINUEOI
other inforniation
The other information compises the inf0m￿tion i￿luded in the Annual repM)rt otlw than the financial
Statements and our A￿jItOrs. retK)rt thereon. Tr Trustees are re5Fon9ble for the other information contained
within the Annual report. Our opnion on the fina￿la1 statements d￿S 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 aS￿ran
condusion thereon. Our re4￿n￿bility 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 op￿ar5 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, re￿rt 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 resk*d 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
re￿iVed from branches not visited by us; or
the financial statements are mt in agreement with ￿ Occwnti￿4 records and retum5,' or
certain disclosures of Trustees, remuneration specified by law are rKst made. or
we have not received all the informabon a￿1 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 ena￿e preparation of finanaal Statements that are free from material
misstatement, whether to fraud or error.
In preparing the financial statements, the TrLtst￿ a￿ re￿￿￿ble for assesgng tharitable company's ability
to continue as a going con￿rn, disdogThJ, as applicable, matters related to going conTrrn and using the going
cor￿rn 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 com￿nY 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 e￿st$. Misstatements can arise
from fraud or error and a￿ congdered material if, individually or in the aggregate, they could reasonably be
expected to influence the ecommic decisions of Ltsers taken on the bags of these fina￿31 statements.
Irregularities, including fraud, are in*arKes of mn-c0mpllan￿ with law5 afKI regulations. We desgn prO￿dureS
in line with our responsibilib'es, oudined at*)ve, to detttt material missiatements in respett of I￿egula￿tIes,
ncluding fraud.
The objectives of our audit in rest*rt of fraud are: to identify and assess the risks of material mi55tstement of
the financial ststements due to fraud.. to obtsin 5uffioent appropriate audit evidence regardirrfJ the assessed
rlsk5 of material misstatement due to fraud, through deggniThJ and implementing appropriate responses to
those assessed risks,. and to respond appropriatdy to instsnces of fraud or suspected fraud identified during the
audit. However, the pnmary respongbility f¢x the prevention aThJ detection of fraud rests with t￿th the
management aThJ those charged g)vemarKe of ￿ charitable company.
Due to the field in whith the chartsble company OFerate5, we idents'f￿d the a￿a$ 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 ￿0￿￿On5 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 Ind￿ling EmtAoyment Law. GDPR aTrJ compliar￿e 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 nOn￿MplIan￿ with laws and regulations, i￿1￿]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 F￿ce listing aThY enquiring with
management alxjut the due diligence prcKedures and controls in pla￿.
Reviewing financial statement dixlosvres te5)'ng to SVPFX)rtiro dC￿MentatiOn to assess compliance
with applicable laws and regulatior6'
Assessng the risk of material misststement of fina￿al Staten￿ts. induding the risk of material
misststement due to fraud aThJ how it M￿hE ￿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. ind￿ling ihrough te5brg of joumal entiies and other
adjustments for appropnateress.
Page 17

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY Ilmltod by guarnntsg)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FOUNDATION FOR ENVIRONMENTAL
EDUCATION ICONTINUEOI
Due to the inherent limitstiorbs of an a￿lt, there is a risk that we will rK)t detett all l￿egUlarlties, 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 instsn￿5 of non-complianTr.
The risk is also greater regarding irregulantyes occurriTrJ due to fraud rather than etTor, as fraud involves
intentional concealment, forgerytr collu￿On, omisson or misrepresentstion.
A further descriptson of our rest￿￿￿bilitieS for a￿lt 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 a￿lIt 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 reS￿nSIbIlity 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 com￿nY 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 r￿n1￿ in the year.
The Th)tes on pages 22 to 38 fomi part of these fina￿la1 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 a￿ts
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 a￿ts
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￿&t￿litieS for complying with the requirements of the Att with respert to
accounting r￿ordS armj preparnbon of finartial statemen
The financial ststements have teen prepared in ac(cKda￿e with ￿ proM&c￿5 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 fina￿la1 siatements.
Page 20

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 fina￿la1 ststements
Page 21

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 add￿55 of the
registered Offi￿ is 74 The aose, Norwich. Norfolk NRI 4DR aThJ the head Offi￿ is sca￿liagade 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: stste￿nt of Recommended Practs￿ applicoble to charits'es
preparing their accounts in aCcOrda￿e with the Finaroal Reporting Stsndard applicable in the UK
and Republic of Irdand (FRS 102) (effective l January 20191, the ￿'na￿al Rerx)rtirrfJ Standard
applicable in the UK arKI Republic of IrelaThJ (FRS 102) the Companies Act 2006.
Foundabon for Enwronmental Ed￿atIOn 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 un￿rtaInty 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 g￿xI 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 aUthori￿ng
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 r￿1Vable can be measured reliably.
The main source of income relates to mem￿rship 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 com￿nY 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 traI￿r 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
arti￿7ty 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 r￿urce& 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 ir￿rr￿ direcuy undetsknThJ the activities which further the
charitable company's obitttives, as well as any a$9XJated 9JPPOrt costs.
G0vema￿e co&s are those Ir￿rred 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 Ind￿jaY 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 paYa￿e 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 tran￿ated 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 com￿nY Ilmltod by guarnntsg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting poliaes (continued)
2.9 Presentational currency
These financial #ate￿ffits are prepared in Euro& Tr 5teding Euro exchange rate as at 31
Cecember 2024 was é1.208 and as at 31 DE￿nber 2023 was El.153.
2.IOTaxation
The charitsble company is congdered to Pass te*s set out in Paragraph I Sthedule 6 of the
fv.nan￿ Art 2010 and tF*refore 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 C￿strUcbon 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 ￿ an￿￿nt prepa￿ rt of any trade discounts due.
2.13Cash at bank and in hand
Cash at bank and in haThJ (ash a￿1 short-terni h￿JhIY 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 com￿nY 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 dA￿ation 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 r￿n1$&j in the Ststement of financial acb'wties as a finantr C¢)St.
2.ISFlnandal Instrnments
The charitable company onty has finanoal assets a￿1 financial l￿bili￿.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 obj￿tiveS 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 St￿lfiC 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 com￿nY 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 com￿nY 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
PrOfe￿Onal fees
25,381
1.941.427
25.381
1,966.808
Page 27

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 com￿nY 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 a￿Jitor for ￿ a￿lt of
tharitatrAe company's annual accounts
13.023
12.070
Page 29

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 Fe￿r￿ 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 nUM￿r 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 ￿MUr*ration 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& exp*nses are set cyrt in note 20.
Page 30

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 D￿emter2023
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 Ir￿On
352,202
316, 183
Page 31

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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 creditC￿5
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 com￿nY 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 com￿nY 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 cAmpa￿n and pro3ramme are open to st￿lents aged 11 to
21 WFK) art as journalists, investigating the prot￿eM 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
en￿1ronmentsI 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
practi￿5 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 handL￿ks, instruth.onal Mdeos, onllne
courses, teacher training materials. These rts)ur￿5 will be made available in multiple
larouagewnduding EThJlish. thn￿e, Spanish, Portuguese. and ensure global ac￿ssIbIlIty
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 . InterCOn￿edneSs. outd(￿ LeamirrfJ, Fr￿eStr¥, tsfe Below Water and The Food
Lwp.
Page 34

FOUNDATION FOR ENVIRONMENTAL EDUCATION
IA com￿nY 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)
W￿gleY (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 com￿nY 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 com￿nY 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 com￿nY 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 charita￿e 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 0￿r 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 M￿ting5 arKI Conferen￿ were paid by the charity on the same
basis as any other meM￿rS atte[￿Ing.
No trustees r￿1Ved 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