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← Tree Sisters

2025-03-31-accounts

ANNUAL REPORT & ACCOUNTS.

Year end 31 March 2025

Website : ~~—______~~ treesisters.org Email : support@treesisters.org Charity Number: 1149961 Company Number: 07369954

TREESISTERS

YEAR 2024-25

IMPACT SNAPSHOT

Please note that impact measures are reported as accurately as possible within the contexts we work in. Cultural norms, such as women signing under their husband’s name, can lead to underreporting of women’s participation. Limited resources and technology may also affect data collection. TreeSisters’ financial year runs from April to March, while some projects follow local seasonal cycles. Non-financial figures are drawn from project data within our financial year (e.g. calendar year 2024) and are reported only once to avoid double-counting.

RESTORE & REFOREST

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225,332
TREES FUNDED
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90% 340 AVERAGE HECTARES SURVIVAL RATE RESTORED

23%

7

COUNTRIES AGROFORESTRY TREES

Elephants, orangutans, dik-diks, butterflies, and birds are just some of the wildlife spotted on restored lands.

COMMUNITY

19,800+ DIRECT PROJECT PARTICIPANTS

37,600

175,900

BENEFICIARIES

INDIRECT BENEFICIARIES

GENDER EQUITY

11,350

11,350 450+ WOMEN DIRECTLY WOMEN IN INVOLVED LEADERSHIP ROLES

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PROJECT
PARTICIPANTS
MEN GENDER SPLIT
39%
WOMEN
61%
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NATURE CONNECTION

EVENTS[23]

1,246

ATTENDED

3,676 REGISTERED

439

DOWNLOADED GUIDE TO FOREST BATHING

1089

VISITORS TO NATURE CONNECTION WEBPAGES

TREESISTERS

YEAR 2024-25

REFERENCE & ADMINISTRATIVE DETAILS.

Company number: 07369954
Charity number: 1149961
Registered office: 5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Trustees: Trustees, who are also company directors under company law, who
served during the year and up to the date of this report were as
follows:
J Comeau Resigned 18 September 2024
S Punja
M Salas
A Murray Appointed 13 February 2024
Z Rowe Resigned 13 August 2024
B Ansell Appointed 23 April 2025
Executive Director: G Gorman
Bankers: The Co-operative Bank Plc
PO Box 101
1 Balloon Street
Manchester
M60 4EP
Independent Godfrey Wilson Limited
Examiner: 5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

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TREESISTERS.ORG

Message from the CHAIR

Dear treesisters,

2024/25 was a year of reflection, recalibration and deep resilience.

As the world continues to face urgent challenges, economic uncertainty, ecological decline, erosion of democracy and growing inequality, TreeSisters has remained rooted in its mission. While many organisations have had to close their doors, we have made it through perhaps the most testing financial period in our history.

Getting to this place has unfortunately required difficult decisions. Most significantly, we had to reduce the size of our core team through redundancies. These choices were made only after months of exploring every possible alternative. It is important for me to use this space to express my deep respect and gratitude to those who have contributed their passion and dedication to TreeSisters. Their legacy continues to ripple through our work and shapes who we are today.

And yet, our mission is more vital than ever. The systems that have long shaped our world are faltering and urgent change is needed to shift our path before it is too late. We stand firmly for hope and for new ways of living in relationship with Nature and each other, relationships built on respect, reciprocity and care.

Amid these challenges, there has still been much to celebrate. We successfully launched our Rooted in Ethics framework, championing a non-market-based approach to forest and land restoration that places the rights of Nature and local communities at its heart. Our Nature connection offerings continue to grow and flourish, as more and more people recognise the vital importance of reconnecting with the wild Nature that lives within all of us. And our global community -you- continue to show up with generosity, courage and heart.

This year also marked a significant milestone: ten years since our first planting project. Over the past decade, TreeSisters has helped plant millions of trees, supported tens of thousands of women and fostered a movement grounded in equity and reverence for life. This anniversary invited us to reflect deeply on what is essential for the communities and ecosystems we support. What began as a mission to regreen the Earth as quickly as possible has evolved into a deeper, more meaningful approach that honours both the forests and the people that depend on them. This milestone was not just a celebration of the millions of trees planted, but also of the values, principles and continuous learning that guide our work.

In line with this approach, and our current resources, we have also needed to scale back our restoration programme. While we currently support fewer projects, our commitment to these projects, the trees, and the women and communities is absolute. We prioritise depth over breadth by standing with partners and places where our impact is meaningful and aligned with our values of respect, reciprocity and collaboration.

As we continue into 2025, we are on a path of careful stewardship and hopeful renewal. We are strengthening financial resilience, nurturing new partnerships and upholding restoration that centres people and planet over profit. Through this work, we support women facing violence, poverty and malnutrition to regreen their lands, grow food for their families and build livelihoods rooted in sustainability. We are planting deep, tangible roots, advocating for the rights of Nature, amplifying voices of dissent, courage and change, and meeting each of you where you are on your journey to reconnection. The seeds of renewal are already being sown and, with your ongoing support, they will bloom once again.

Thank you for walking alongside us. Your belief in this mission matters now more than ever.

With deep gratitude and hope,

SITAL PUNJA CHAIR OF TRUSTEES

TREESISTERS

YEAR 2024-25

TRUSTEES' REPORT.

Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice – Accounting and Reporting by Charities (effective from January 2019).

TreeSisters is a vibrant, living movement where environmental action meets deep Nature connection and gender equity. We support ethical, community-rooted planting projects that take bold climate action, uplift women, and honour the leadership of local and Indigenous communities in restoring their lands. We champion the rights of Nature and are growing a global shift—restoring our bond with the Earth and remembering what it means to live in right relationship with the natural world.

CHARITABLE

OBJECTS.

To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment by promoting biological diversity through increased green cover.

To advance the education of the public in the conservation, protection and improvement of the physical and natural environment, in particular, but not exclusively by the provision of training and support to encourage leadership and participation in the work of the charity and environmental protection in general, with a particular focus on women.

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TREESISTERS

YEAR 2024-25

OUR VISION

OUR MISSION

A world where Nature and people flourish in connection, equity, and harmony.

To partner to facilitate and inspire ethical forest restoration.

To centre women and gender equity in our work.

To inspire connection with Nature to promote a consciousness shift from consumer to restorer.

STRATEGIC OBJECTIVES.

Increase, restore and protect forests and trees through women and community-led projects

Champion the global shift to centring Nature through restoration, connection and education

Fulfil our mission by adopting the most ethical approaches and operational best practices in our leadership, programmes and relationships

With reference to the above, the trustees have had regard to the guidance issued by the Charity Commission on public benefit.

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TREESISTERS

YEAR 2024-25

ACHIEVEMENTS & PERFORMANCE.

We began 2024–25 with two core objectives in response to both a shifting funding landscape and our ongoing commitment to long-term, meaningful impact:

These objectives were grounded in our three strategic goals and formed the foundation of our efforts to adapt, grow, and deepen our impact in a year marked by change.

At the outset, we set ambitious goals:

Despite significant obstacles, including a reduced team and continued financial pressures across the charity sector, we made strong, meaningful progress:

In a climate of increasing global uncertainty, TreeSisters has continued to demonstrate resilience and adaptability. We are proud of what we’ve achieved under pressure and deeply grateful to the individuals, donors and partners who made this progress possible.

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TREESISTERS

YEAR 2024-25

RESTORE & REFOREST

In 2024–25, we deepened our commitment to holistic, communityled restoration. Guided by our revised Restoration Strategy, we shifted away from large-scale reforestation and prioritised projects rooted in ecological integrity, local leadership, and longterm stewardship.

We supported ten projects across seven countries, with a deliberate focus on initiatives where women and communities are central to restoring ecosystems and building resilience. Despite a challenging funding environment, these achievements were made possible through dedication, partnership, and shared vision.

However, financial pressures required difficult decisions. We reduced support for projects in Borneo, Uganda, and Kenya, and did not renew funding for projects that reached the end of their terms in Bolivia, the DRC, and Colombia. These initiatives remain powerful examples of women-led restoration, and we continue to seek funding to build on their legacy.

Looking ahead to 2025–26, we are reviewing our restoration support model to ensure we continue offering meaningful value, both financial and non-financial, to our partners. We look forward to sharing new developments as this work evolves.

We also piloted a new model of collaboration through our Restoration Community of Practice, a global learning circle bringing together partners to exchange knowledge, offer mutual support, and co-create innovative practices. We'll continue to explore opportunities for deepening relationship and sharing wisdom across our partnerships in 2025 onwards.

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Photo © Yorenka Tasorentsi Institute/Aquaverde
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TREESISTERS

YEAR 2024-25

OUR PROJECTS

In 2024–25, TreeSisters funded £328,061 (Previous year £660,174) for 10 restoration projects, funding 225,332 trees planted across:

Bolivia Borneo Brazil Colombia Democratic Republic of Congo Kenya Uganda

Our projects not only restore Nature, they nurture and strengthen the knowledge, agency, and wellbeing within the communities who call these lands home. We remain committed to ensuring our funding reaches the roots - of forests, of communities, and of systems change.

Photos top to bottom © Association Voix Libres, Alpha Women’s Empowerment Initiative, Yorenka Tasorentsi Institute/Aquaverde

YEAR 2024-25

TREESISTERS RUKOKI, UGANDA In partnership with the Alpha Women Empowerment Initiative, and building on a successful implementation in Mbunga sub-county, this pioneering project integrates ecological restoration with gender equity and livelihood improvement. Women are at the heart of the work, restoring degraded landscapes while tackling poverty, food insecurity, and gender-based violence.

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HIGHLIGHTS
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All photos © Alpha Women’s Empowerment Initiative

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YEAR 2024-25

Rukoki, Uganda

SPOTLIGHT ON... Gender Champions

Trained women are now able to mediate in families experiencing domestic violence. Their impact is tangible - with reporting showing these ‘Gender Champions’ are reducing conflict, increasing household harmony, and transforming community norms.

“The rate of gender-based violence in my village is reducing... We meet with couples and families having cases of gender based violence. Through this effort some of the couples which were formerly involved in gender based violence are getting mind set change and have restored harmony in their families”.

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YEAR 2024-25

TREESISTERS TUNARI NATIONAL PARK, BOLIVIA In partnership with Association Voix Libres, this project links reforestation with gender empowerment and cultural revitalisation. By planting trees, communities, and especially women, reclaim both land and agency.

HIGHLIGHTS

All photos © Association Voix Libres

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YEAR 2024-25

Tunari National Park & Surrounding Rural Communities, Bolivia

SPOTLIGHT ON... Biocultural Restoration

“We are not just planting trees — we are planting our future.”

Indigenous customs such as Ayni (reciprocity) and Pachamama ceremonies were integrated into the restoration process, reinforcing cultural traditions.

In rural communities like Primero de Mayo and Chimboco, tree-planting was accompanied by rituals to thank Mother Earth, promoting a deeper connection to Nature.

After completing tree-planting activities, communities held Apthapi (food-sharing ceremonies), strengthening social ties and gratitude.

“Every tree planted is a blessing for the Pachamama”

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YEAR 2024-25

SOUTH KIVU, THE DEMOCRATIC REPUBLIC OF THE CONGO (THE DRC)

In a region where past NGO efforts struggled, this project didn’t just bring forests back — it rebuilt trust. In partnership with Association Voix Libres and AFIA FEV, the work was truly community-led, with women driving real change for both the environment and their communities.

HIGHLIGHTS

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YEAR 2024-25

South Kivu, the DRC

SPOTLIGHT ON... Community Relays

For a community shaped by past instability and distrust of outside aid, this project became a beacon of what’s possible when restoration is rooted in trust and local leadership. At its heart were the ‘Community Relays’, 40 women trained to lead community engagement and project activities. They helped identify reforestation sites, organised planting, distributed seedlings, and monitored tree survival rates, replanting where necessary.

Each relay supported 20 households, going door-to-door to raise awareness about reforestation and train families in planting, maintenance, and forest protection.

These women weren’t just participants; they were change agents. Often with little or no formal education, and in many cases survivors of sexual violence, they led training sessions, answered questions, and coordinated reforestation work. For many, it was their first time coordinating community activities and speaking in public — an experience that transformed their self-esteem and social standing.

"This is the first time I’ve stood in front of people and spoken for an hour, explained what we would do, and done it well. It feels incredible."

– Relay leader, South Kivu

By equipping women with tangible skills and recognising their contributions, the project helped communities reimagine what leadership can look like and who it can belong to. This project proved that environmental restoration is not just about trees: it’s about dignity, trust, and the power of women to shape their futures.

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YEAR 2024-25

AMAZON RAINFOREST, BRAZIL

In partnership with the Yorenka Tasorentsi Institute and Aquaverde, this Indigenous-led, community restoration project delivers ecological and social impact. As the region recovers from forest fires and droughts, and local political pressures unsuccessfully threatened the project's continuation, the Ashaninka work with youth and Indigenous leaders to restore forests, strengthen community nutrition, and safeguard Indigenous knowledge and culture, showing how reforestation can support lives, ecosystems, and identity.

HIGHLIGHTS

All photos © Yorenka Tasorentsi Institute/Aquaverde

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YEAR 2024-25

Amazon Rainforest, Brazil

SPOTLIGHT ON... Community Resilience

In recent years, the Yorenka Tasorentsi Forest Garden Project has faced extraordinary challenges. In 2023, devastating fires spread across the region, followed by severe flooding in 2024 that damaged young trees and made planting difficult. Though the project’s lands were spared from direct fire, the surrounding smoke brought its own toll: countless insects were lost, depleting vital pollinators and disrupting the reproduction of trees and flowers.

Political pressures added to these environmental challenges. During the 2024 municipal elections in Marechal Thaumaturgo, one candidate openly opposed the continuation of the project. In response, the Ashaninka team mobilised, leading awareness campaigns and advocating for Nature protection and sustainable initiatives across the region. Their efforts were crucial in ensuring that reforestation activities could continue.

Through fire, flood, and political uncertainty, this project has demonstrated the strength of community resilience and grassroots activism. By combining restoration with advocacy and grounded partnerships, the Ashaninka people continue to defend their forests, culture, and future.

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oon: We apply our traditional knowledge through practical actions passed down from generation to generation. The Earth has the power to restore itself if we allow it. Our role is to support this natural transformation by enriching the soil without pesticides, using time-tested techniques such as planting ingá, bananas, and other species that regenerate and nourish the land.

TREESISTERS

YEAR 2024-25

GENDER EQUITY

Restoration Helps Women, and Women Help Restoration

"We are either going to have a future where women lead the way to make peace with the Earth or we are not going to have a human future at all." — Vandana Shiva

Restoring the Earth requires confronting the systems that have caused harm. Current power structures have fuelled both the oppression of women and the destruction of Nature. These issues are inseparable. Healing one requires addressing the other.

Despite being most affected, women are often excluded from restoration planning and leadership. Evidence shows that when women lead forest restoration, both ecological and social outcomes improve.

In Uganda, women-led projects have achieved a 97% tree survival rate, far above global averages. Women bring knowledge of local ecosystems, traditional land care practices, and community management strategies that are essential to success.

Globally, women are disproportionately affected by environmental degradation. Social, economic, political, and legal inequalities mean women rely directly on forests for food, water, firewood, and medicine. These resources are increasingly threatened by climate change. Scarcity forces women to travel further to collect essentials, increasing both physical strain and exposure to gender-based violence. During natural disasters, women are more likely to die, and survivors often face long-term health consequences.

Photo © Alpha Women’s Empowerment Initiative s i ee a am le oe ch,

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TREESISTERS

YEAR 2024-25

Restoration as a Path to Empowerment

Community-led restoration can challenge gender inequality while strengthening ecosystems. When women are given leadership, resources, and recognition, they do more than restore forests. They restore livelihoods and families, while improving community resilience.

In Uganda, kitchen gardens and agroforestry training improved household nutrition and contributed to a reduction in domestic violence. As one participant shared:

“…the area being so fragile and prone to soil erosion, the harvests are poor. When the produce is low, it leads to hunger, and where there is hunger, there is domestic violence.”

In Kenya, economic empowerment through forest-based income has shifted household dynamics. Dorothy, MEFECAP Secretary, said:

“Because if [you give] one thousand to a man, maybe he can spend 700 for himself and then come with that... 300. but for the lady, she will spend all 1000 in the household”

Across TreeSisters projects, supporting women to lead strengthens families, improves food security, and enhances land stewardship.

Women as Forest Stewards

Women have long been stewards of the forest, preserving ecological knowledge, medicinal practices, and sustainable land care across generations. The goal is not to give women a voice—they already have one—but to support, amplify, and ensure it is heard in decision-making spaces.

Gender equity is central to our approach. TreeSisters is committed to increasing opportunities for women, embedding equity across restoration work, and ensuring future forests are nurtured by those who know them best.

The movement must include everyone, regardless of gender, but centring women corrects historical power imbalances and elevates voices that have been silenced. Inclusion of women and non-binary people is key to a restored, just, and sustainable world.

This year in our projects:

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TREESISTERS

YEAR 2024-25

RECONNECTING WITH YOUR ROOTS

Connecting with, and healing our relationship with Nature

"We are not in Nature. We are Nature. When we are truly aware of this, we can create harmony rather than destruction.”

— Thich Nhat Hanh

Restoring the Earth is not only about planting trees. As we support the regeneration of forests, we also invite people to restore their connection with the living world, to remember the simple truth: we are Nature. From the climate crisis to oppressive power structures, our disconnection from the systems that sustain life lies at the root of the challenges we face. Reconnection offers a pathway to healing, both for ourselves and for the Earth.

We believe this reconnection must be accessible to everyone. We meet people where they are, offering simple, meaningful practices that can be woven into daily life. Each an invitation and reminder that belonging to the living world brings both joy and responsibility: to live within Earth’s limits and to give back in reciprocity.

Studies consistently show that people who feel close to Nature experience greater wellbeing, lower stress, and stronger immune systems. Just as importantly, they are more likely to protect and nurture the environment. Reconnection is therefore not just personal, it is essential for addressing overconsumption, climate change, and ecological destruction.

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NEW NATURE CONNECTION OFFERINGS

This year we launched new resources to support that reconnection:

Through these offerings, we’re providing practical, accessible ways for people to reconnect with Nature, notice its rhythms, and bring small, meaningful acts of care and awareness into daily life.

TREESISTERS

YEAR 2024-25

EVENTS & ENGAGEMENT

Despite a smaller Impact and Engagement team, TreeSisters continued to provide spaces for learning, reflection, and participation in a global movement rooted in community, collaboration, and care.

Throughout the year we hosted 23 events , with over 1,200 people attending live and more than 3,500 registrations . These gatherings invited people to reconnect with the living world, learn from grassroots leaders, and join a community committed to restoration.

Two restoration-focused webinars shone a spotlight on women-led movements across our global projects. Women at the Heart of Restoration featured powerful stories from Kenya, Colombia, and Uganda , while Roots of Resilience: Transforming Lives and Landscapes with Edible Forests explored projects in Bolivia and the Democratic Republic of Congo. Both events introduced TreeSisters to new audiences learning about restoration that nourishes both ecosystems and communities.

Our online gatherings continued to offer space for community and reflection. Monthly Full Moon Meditations drew 881 participants , many of whom return regularly, showing the strength of this shared practice. Together, participants paused, reconnected with the rhythms of Nature, and nurtured a sense of global solidarity.

TreeSisters also spoke at virtual events hosted by Regenerosity and V-Fest, reaching new audiences and building alliances with aligned organisations. Across the year, we attended eight community and sector events, strengthening networks with Earth-centred changemakers and regenerative movements.

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ROOTED IN ETHICS

As part of our Rooted in Ethics programme, we held a virtual launch panel in May 2024 with Dr Mindahi Bastida, Grandmother Jyoti Ma, Yeye Luisah Teish, and Myra Jackson, who shared powerful expressions of care for Earth’s living systems.

We also hosted an in-person ceremonial launch at Keble College, Oxford, where guests Dr Bastida and Dr Geraldine Patrick Encina contributed wisdom rooted in the biocultural land care cycles of the Otomi-Toltec and Mayan calendars of Mexico. Waters and flowers from across the UK were brought to the altar, honouring Nature and celebrating the knowledge carried within the framework. Attendees included International Tree Foundation, Lawyers for Nature, Be The Earth, and organisers from the Nature-Based Solutions Conference.

Following the launch, Rooted in Ethics was shared across new networks through partnerships with Be the Earth and Regenerosity, as well as through blogs and online content. With a smaller team we were not able to build the momentum we envisioned, yet this work remains central.

Looking ahead to 2025–26, we aim to expand awareness and secure funding so Rooted in Ethics can be more accessible, more widely adopted, and more deeply integrated into restoration practices and society.

TREESISTERS

YEAR 2024-25

10 FOR THE TREES

To celebrate 10 years since our first tree planting project, we launched 10 for the Trees , a global campaign inviting people to spend 10 minutes in Nature each day for 10 weeks.

Over 800 people signed up to the campaign, joining a shared journey of reconnection with the natural world.

Each week participants received an email with a different Nature-based activity alongside ways to learn more about our planting projects, give back to

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the Earth and deepen their relationship with the living world.

The campaign celebrated a decade of restoration while inviting people to support the next chapter of our work through an optional £10 or $10 donation at sign-up.

10 for the Trees offered a simple, grounding rhythm and a collective reminder that small, consistent acts of care can ripple outwards and help regenerate our planet.

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TREESISTERS

YEAR 2024-25

FUNDRAISING & SUPPORTER ENGAGEMENT

This year brought a more challenging fundraising environment, with overall income lower than in previous years. Like many charities, we were not immune to the wider economic climate, which put additional pressure on both household and business finances. Despite this, we sustained a strong and committed giving community and deepened engagement through fundraising and stewardship activities. While our income targets were not fully met, important progress was made across all key fundraising streams.

Individual donations, both one-off gifts and monthly contributions, remained the largest proportion of our income. We ran two successful match-funding campaigns, with thanks to The Big Give Trust. We are especially grateful to our regular givers, whose ongoing support provides stability in uncertain times.

Business partnerships were also affected by financial pressures, with some partners reducing contributions. Even so, a number of long-standing partners maintained or increased their support, and new businesses joined our growing network. We continued to strengthen our partnership offer, facilitating workshops and providing resources to engage employees and customers. We also began developing our Nature at Work offering, bringing the benefits of Nature into the workplace to enhance wellbeing, productivity, and sustainable business practices.

Special thanks to Pukka Herbs, Scott Dunn, Faith in Nature, and Giant Deckchairs for their commitment to business as a force for good.

"It’s important to me to play my part, however small, in this crucial mission. Thank you for all the incredible work you and the TreeSisters team do. I am proud to be part of this community."

Photo © Yorenka Tasorentsi Institute/Aquaverde

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YEAR 2024-25

TREESISTERS

“We can be part of a movement that rebalances power dynamics in some of the most deprived areas, empowering women and local communities while putting nature at the centre of all their decision-making. I want to be part of that, even in a small way, building a greener and more sustainable world while making travel a force for good.”

Grant income declined slightly, largely due to increased competition for available funds. However, we worked on refining our business case and processes, submitting 11 grant applications during the period, a significant increase on previous years.

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Strengthening relationships with supporters remained a priority. We introduced a range of stewardship activities to keep our community connected to the impact of their giving. These included restoration webinars, Forest Bathing and Grounding resources, Full Moon Gatherings , and Seasonal Transition meditations in celebration of the Solstices and Equinoxes. Our Nature Connections Book Club and the introduction of TreeSistersbranded t-shirts and e-cards provided additional touchpoints for engagement, enabling supporters to feel part of a wider movement of restoration and rebalancing.

We managed fundraising expenditure carefully, prioritising cost-effective activities and long-term value. This resulted in an increase in our net return to 3.6 (2024: 2.2) despite reduced income. The investments made in donor communications, digital engagement, and stewardship have laid the groundwork for future growth. These investments are designed to improve donor retention, reactivation, and income resilience.

We are deeply grateful to all individual donors, business partners, and grant funders for their generosity in an economically difficult year. Your support sustains our mission, allowing us to keep planting, restoring, and inspiring change. Thank you for standing with us, and with the trees.

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TREESISTERS

YEAR 2024-25

OUR PEOPLE

Resilience, Connection and Shared Purpose

The year 2024–25 brought both change and challenge for the TreeSisters team. A shifting funding landscape necessitated a difficult restructuring and a pause on recruitment, reducing our staff from 17 to 7. Several consultancy contracts were also ended to manage costs effectively.

Despite a smaller team, TreeSisters continued to operate with focus and resilience. The streamlined structure allowed for greater agility, closer collaboration, and clearer shared intent.

The dedication, creativity, and commitment of every team member has been

remarkable, and we are deeply grateful for the care they bring to both our work and to each other.

We are also extremely grateful for the contributions of volunteers, whose expertise and generosity strengthened our work. One longstanding donor and management specialist facilitated a team strategy session, providing space to reflect, reconnect with our mission, and co-create our direction for the year ahead. Another volunteer supported communications, including authoring a compelling piece on her personal fundraising efforts for our project in Colombia.

As we move into 2025–26, we remain grounded in our shared commitment to Nature, equity, and restoration, energised by the relationships and values that shape everything we do.

Before the restructure, the team gathered in June 2024 in Oxford for the Rooted in Ethics launch event. This included time in Nature, a workshop, as well as restorative yoga, providing vital opportunities to build team spirit, celebrate achievements, and share inspiration. For a fully remote organisation, these moments of connection are invaluable.

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TREESISTERS

YEAR 2024-25

LOOKING AHEAD.

As we step into 2025–26, TreeSisters remains rooted in the principles that have guided our work for years: care for the Earth, the uplifting of women in a world shaped by partriarchal values, deep commitment to ethical, community-led restoration, and the vital importance of reconnecting with the natural world. At the same time, we recognise that this moment calls for evolution, courage, and clarity.

As always, we move forward with gratitude to our community, partners, donors, and team. Together, we will continue to reforest the Earth, restore relationship, and reimagine what is possible when women rise for Nature.

Our focus for the year ahead will be on four interconnected pillars:

1. Ethical, Community-Led, and Women-Led Restoration

2. Nature Connection

We will continue to champion restoration that uplifts women, centres local and Indigenous knowledge, and supports communities as leaders in ecological healing. In 2025–26, we will refine how we measure and communicate the impact of this work to ensure transparency, learning, and scalability.

We are also reviewing our restoration funding model to ensure it is both financially sustainable and deeply values-led. This includes exploring ways to provide deeper non-financial value to our partners, such as knowledge exchange, mentorship, and community building.

Restoring the planet begins with restoring our relationship with the natural world. Over the next year, we will continue to expand accessible, inclusive, and inspiring opportunities for people to reconnect with Nature.

We will review and enhance our existing offerings to ensure they remain meaningful and impactful, while exploring new partnerships and funding to broaden the reach of this work.

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TREESISTERS

YEAR 2023-24

3. Advocacy and Systemic Change

4. A Strong and Resilient TreeSisters

Nature needs our voice more than ever. TreeSisters stands for systemic transformation—shifting from consumption to restoration, from patriarchy to equity, and from colonial structures to community sovereignty.

In 2025–26, we will explore how to more intentionally use our voice, stepping further into advocacy and systemic change. This work may include raising awareness, education, influencing policy and culture, amplifying grassroots voices, and standing in solidarity with movements that restore justice alongside ecosystems.

We are committed to strengthening our internal foundations to ensure TreeSisters continues for as long as we are needed. This includes:

JOIN THE MOVEMENT.

We need your support. Becoming a treesister is more than planting trees. It is believing there is a better way and taking real steps to rebuild our relationship with the Earth and with each other.

Give Back to Nature

Reconnect with your Roots

TREESISTERS.ORG/GIVE

Registered Charity No. 1149961

PAGE 29

TREESISTERS.ORG

TREESISTERS

YEAR 2024-25

FINANCIAL REVIEW.

Overall income for the year decreased by £250,334 to £660,391 (2024: £910,726), and the organisation’s net movement in funds was a deficit of £213,234 (2024: deficit of £626,029). The decrease in income has slowed compared to last year (27.5% vs 36.2%) with the biggest fall in individual giving by 23.7% (2024: fall of 30.4%). The decrease in the net movement in funds also slowed partly due to the smaller decrease in income and partly due to reduced salary costs following a mid-year restructuring.

We have continued to support our existing restoration partners where funds allowed, using reserves for that purpose. Although we were required to reduce our spending levels, our commitment to ethical forest restoration led by women, local communities and Nature has not wavered, directing £328,061 to vital projects in the Global South.

We are cognisant of the need to return to a balanced budget, and have plans in place to do so during 2025-26. This includes investing our resources wisely in fundraising activities to generate longterm sustainable income, whilst keeping costs under constant review. As mentioned in last year's report, we have already implemented a robust income generation plan to improve the stewardship of both new and existing members of our generous giving community. We are aware of the many external factors outside of our control, especially during a time of global uncertainty, and we continue to adjust.

RESERVES POLICY.

The trustees have reviewed the financial statements and consider that adequate resources continue to be available to fund the activities of the organisation for the foreseeable future. In considering adequate reserves, the trustees take into account risk and the strategic plans of the organisation and have agreed to a policy of three months of core costs as the unrestricted reserves required, estimated at £100,000. Core costs include all nontree program staff and all ongoing contracted expenses to support the running of the organisation.

As at 31 March 2025, the unrestricted reserves exceeded this requirement at £213,234 (2024: £399,295).

MANAGING RISK.

The trustees have overall responsibility for managing the risks of the organisation, and they ensure that the employees and volunteers are aware of the importance of risk management within the organisation by having in place a risk policy and reviewing this on a regular basis. Risks are identified through reviewing and understanding the organisation's systems and processes and the potential risks that may arise. Where possible, risks are managed in a way as to eliminate the risk. Where this is not possible, then the risk is managed by having control systems within the organisation to manage the risk.

Key risks identified through the risk management process include:

Meeting reserves policies due to

PAGE 30

TREESISTERS.ORG

TREESISTERS

YEAR 2024-25

S TRUCTURE, GOVERNANCE & MANAGEMENT.

The company was established under a Memorandum of Association, which established the objectives and powers of the company and is governed under its Articles of Association. The Board of Trustees is responsible for the overall governance of the charity.

On 31 March 2025, the board was made up of three trustees with a fourth appointed shortly after the year end.

Recruitment of trustees is undertaken by the trustees and Executive Director. Potential trustees meet with and are interviewed by the Chair and the Executive Director prior to putting the proposal to the entire board. Once appointed, new trustees will be given an induction programme, including meeting with the Chair of Trustees and key team members, alongside an induction pack covering key information on the charity.

TreeSisters supports the principles of the Charity Governance Code, and we will review our practice against the Code’s requirements as part of continuously improving our governance arrangements.

The Leadership Team meets weekly to review strategy, operational performance, to set operating plans and targets. The Executive Director and Head of Finance and Operations meet weekly to measure financial performance against our annual budget, and they facilitate a financial review at each meeting of the trustees. The Leadership Team, with delegated authority from the Executive Director, make all decisions regarding the day-to-day operation and running of the organisation. Any strategic risks that exceed the authority of the Executive Director are taken to the trustees.

PAGE 31

TREESISTERS.ORG

TREESISTERS

YEAR 2024-25

SETTING PAY & REMUNERATION.

Our rates of pay are set out in a policy which notes we benchmark rates of pay against the industry average, and when a new role is created, the pay offered is within 10% of the average to ensure fairness. Finances permitting, an annual review is undertaken to consider inflation and any cost of living pay rise that should be reflected, which will be reviewed and approved by trustees. Any other pay rises, e.g. performance related, are considered in line with the People Strategy. During the period 202425, no pay rises were applied due to economic uncertainty.

FUNDRAISING POLICY.

Our fundraising activity currently consists primarily of individual giving, corporate donations/sponsorship and grants. Our fundraising approach is primarily through digital means using the website, social media and email campaigns. All fundraising campaigns are analysed to

FUNDRAISING Nature is not somewhere you visit. It is POLICY. us and it is home. Shifting our perception and reconnecting with Nature will change how we live and treat the world.

assess performance and identify any learning points.

Fundraising carried out on TreeSisters' behalf by companies is covered in agreements to ensure compliance with all legal requirements and with our branding guidelines. Individual fundraising is done through platforms such as JustGiving and Facebook and must comply with all requirements of those platforms and our brand guidelines.

We have registered with the Fundraising Regulator under the Code of Fundraising Practice and will be updating our processes in line with the updated code by November 2025.

During the financial year, we received no complaints about our fundraising.

Our safeguarding policy covers individual fundraising for the charity; in addition, the above-mentioned measures would ensure we do not involve vulnerable individuals in fundraising activities.

We are rebalancing power structures, embedding gender equity, and uplifting and empowering communities to lead the restoration of their lands.

PAGE 32

TREESISTERS.ORG

TREESISTERS

YEAR 2024-25

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES.

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:

enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

The above report has been prepared in accordance with the special provisions relating to the small companies regime as set out in Part 15 of the Companies Act 2006.

Approved by the trustees on 22 October 2025 and signed on their behalf by:

Sital Punja, Chair of Trustees

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which

PAGE 33

TREESISTERS.ORG

TREESISTERS

YEAR 2024-25

INDEPENDENT EXAMINER’S REPORT.

To the trustees of TreeSisters

I report to the trustees on my examination of the accounts of Tree Sisters (the charitable company) for the year ended 31 March 2025, which are set out on pages 36 to 51.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides bookkeeping services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. 2.the accounts do not accord with those records; or

  3. 3.the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. 4.the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

PAGE 34

TREESISTERS.ORG

TREESISTERS

YEAR 2024-25

INDEPENDENT EXAMINER’S REPORT .

To the trustees of TreeSisters

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

William Guy Blake

Date: 22 October 2025 William Guy Blake ACA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

PAGE 35

TREESISTERS.ORG

Tree Sisters

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Restricted Unrestricted
Note
£
£
Income from:
Donations
3
94,716
561,502
Other trading activities
-
1,591
Investments
-
2,582
Total income
94,716
565,675
Expenditure on:
Raising funds
-
181,928
Charitable activities
152,023
569,808
Total expenditure
5
152,023
751,736
6
(57,307)
(186,061)
Reconciliation of funds:
Total funds brought forward
57,307
399,295
Total funds carried forward
-
213,234
Net expenditure and
net movement in funds		 2025
Total
£
656,218
1,591
2,582
660,391
181,928
721,831
903,759
(243,368)
456,602
213,234		 2024
Total
£
900,865
-
9,861
910,726
405,442
1,131,313
1,536,755
(626,029)
1,082,631
456,602

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.

36

Tree Sisters

Balance sheet

As at 31 March 2025

Note
Fixed assets
Tangible assets
11
Current assets
Stock
12
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
14
Net current assets
Net assets
15
Funds
16
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
1,798
23,501
193,044
218,343
(9,228)		 2025
£
4,119
209,115
213,234
-
213,234
213,234		 2024
£
8,104
1,798
64,111
432,525
498,434
(49,936)
448,498
456,602
57,307
399,295
456,602

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 22 October 2025 and signed on their behalf by

Sital Punja - Chair

37

Tree Sisters

Statement of cash flows

For the year ended 31 March 2025

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Loss on the sale of fixed assets
Decrease in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from sale of fixed assets
Purchase of tangible fixed assets
Net cash provided by investing activities
Decrease in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(243,368)
2,294
(2,582)
871
40,610
(40,708)
(242,883)
2,582
820
-
3,402
(239,481)
432,525
193,044		 2024
£
(626,029)
5,854
(9,861)
-
19,636
13,737
(596,663)
9,861
-
(9,378)
483
(596,180)
1,028,705
432,525

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

38

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

Tree Sisters is a charitable company limited by guarantee registered in England and Wales. The registered office address is 5th Floor Mariner House, 62 Prince Street, Bristol, BS1 4QD.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Tree Sisters meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The influence of the economic climate has had some impact on the Charity resulting in falling donations, however, the fact that payments to restoration partners, which is the Charity's main expenditure, are wholly dependent on the volume of donations received during the year mitigates this. The charity holds unrestricted, general reserves of £213,234, which is more than 3 months of core costs and a cash balance of £193,044. Because of this, the trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Interest receivable

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

39

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:

ities on the following basis:
2025 2024
Raising funds 17.3% 26.0%
Charitable activities 82.7% 74.0%

h) Redundancy costs

Where an employee receives a termination benefit the full cost is recognised at the date the employee is notified.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment

4 years' straight line

Items of equipment are capitalised where the purchase price exceeds £500.

j) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

40

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

m) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Grants payable

Grants payable are charged in the year in which the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached have been fulfilled. Grants offered subject to conditions at the year end are noted as a contingent liability but are not accrued as expenditure.

o) Provisions

A provision is recognised in the balance sheet when the charity has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

p) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

q) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

r) Foreign currency transactions

Transactions in foreign currencies are reported at the monthly average exchange rates published by HMRC. Monetary assets and liabilities denominated in foreign currency are translated at rates of exchange on the balance sheet date. Exchange differences arising on foreign currency transactions are recognised in the Statement of Financial Activities.

s) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

41

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

s) Accounting estimates and key judgements (continued)

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described below.

Depreciation

As described in note 1i to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. Depreciation rates in operation during the current and prior period are described in note 1i.

Contingent liabilities

As described in note 1n to the financial statements, grants subject to conditions at the year end are noted as a contingent liability but are not accrued as expenditure.

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
and net movement in funds		 Restricted
£
£
199,021
701,844
-
9,861
199,021
711,705
-
405,442
889,804
241,509
889,804
646,951
(690,783)
64,754
Unrestricted		 2024
Total
£
900,865
9,861
910,726
405,442
1,131,313
1,536,755
(626,029)

42

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

3. Income from donations

Individual giving
Corporate giving
Grant income
Gift aid
Total income from donations
Prior period comparative:
Individual giving
Corporate giving
Grant income
Gift aid
Total income from donations		 Restricted
£
£
-
482,477
79,716
54,740
15,000
10,000
-
14,285
94,716
561,502
Restricted
£
£
38,070
596,575
107,467
89,254
53,484
-
-
16,015
199,021
701,844
Unrestricted
Unrestricted		 2025
Total
£
482,477
134,456
25,000
14,285
656,218
2024
Total
£
634,645
196,721
53,484
16,015
900,865

4. Government grants

The charitable company received no government grants in the current or prior period.

43

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

5. Total expenditure

Total expenditure
Staff costs (note 9)
Grants to partners (note 7)
Consultancy
Donation fees
Administrative costs
Fundraising / marketing
Learning and engagement
Audit and accountancy
Website and IT costs
Depreciation
Insurance
Travel
Profit / loss on asset disposal
Restoration costs
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
102,605
-
23,015
14,387
-
12,561
2,448
-
-
-
-
-
-
-
155,016
26,912
181,928		 Charitable
activities
£
271,630
328,061
13,588
-
-
-
1,511
-
-
-
-
-
-
380
615,170
106,661
721,831		 Support and
governance
costs
£
102,735
-
-
-
12,747
-
5,304
4,200
2,359
2,294
1,743
1,320
871
-
133,573
(133,573)
-		 2025
Total
£
476,970
328,061
36,603
14,387
12,747
12,561
9,263
4,200
2,359
2,294
1,743
1,320
871
380
903,759
-
903,759

Total governance costs were £4,200 (2024: £10,500)

44

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

5.
Total expenditure (continued)
Prior period comparative
Staff costs (note 9)
Grants to partners (note 7)
Consultancy
Donation fees
Administrative costs
Fundraising / marketing
Audit and accountancy
Website and IT costs
Depreciation
Restoration costs
Foreign exchange loss
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
222,683
-
49,328
17,486
412
11,315
-
18,217
-
-
1,767
321,208
84,234
405,442		 Charitable
activities
£
184,284
660,174
38,706
-
962
-
-
-
-
12,148
-
896,274
235,039
1,131,313		 Support and
governance
costs
£
262,234
-
-
-
19,892
658
11,682
18,953
5,854
-
-
319,273
(319,273)
-		 2024 Total
£
669,201
660,174
88,034
17,486
21,266
11,973
11,682
37,170
5,854
12,148
1,767
1,536,755
-
1,536,755

45

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

6. Net movement in funds

This is stated after charging:

Depreciation
Loss on disposal of fixed assets
Trustees' remuneration
Trustees' reimbursed expenses
Auditors' / Independent examiner's remuneration (excluding VAT):
Statutory audit
Independent examination		 2025
£
2,294
871
Nil
Nil
-
3,500		 2024
£
5,854
-
Nil
Nil
8,750
-

In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements. Our independent examiners have also provided bookkeeping services to the charity during the year.

7. Grants payable

Total grants paid to institutions during the year were as follows:

Eden Reforestation Projects
International Tree Foundation
Boa Foundation
Health in Harmony
Aquaverde
CORDESPA
Voix Libres
WECAN
Alpha Women Empowerment Initiative
Yorenka Tasonrentsi Institute
Grant commitments
Grant commitments brought forward
Grant commitments during the period
Grants paid during the period		 2025
£
-
102,408
-
25,620
15,895
33,508
92,099
20,028
23,986
14,517
328,061
2025
£
-
328,061
(328,061)
-		 2024
£
95,319
206,818
18,427
62,470
37,540
30,152
119,299
76,020
14,129
-
660,174
2024
£
-
660,174
(660,174)
-

8. Grant commitments

46

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

9. Staff costs and numbers

Staff costs were as follows:

Staff costs and numbers
Staff costs were as follows:
Salaries and wages
Social security costs
Pension costs
Redundancy and settlement		 2025
£
405,004
37,139
8,591
26,236
476,970		 2024
£
594,684
58,052
12,983
3,482
669,201

Redundancy and settlement costs totaling £26,236, comprising statutory redundancy payments, (2024: £3,482) were paid in the year. Redundancy and settlement costs have been funded from unrestricted general funds.

Employees earning more than £60,000 during the year:
Between £60,000 and £70,000		 2025
No.
1		 2024
No.
1

The key management personnel of the charitable company comprise the Executive Director and Head of Finance. The total employee benefits of the key management personnel were £135,106 (2024: £129,046).

Average head count 2025
No.
12		 2024
No.
17

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

47

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

11. Tangible fixed assets

Cost
At 1 April 2024
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
12. Stock
Donated goods for sale		 £
11,860
(3,845)
8,015
3,756
2,294
(2,154)
3,896
4,119
8,104
2025
£
1,798
Computer
equipment		 Total
£
11,860
(3,845)
8,015
3,756
2,294
(2,154)
3,896
4,119
8,104
2024
£
1,798

48

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

13. Debtors

Prepayments
Accrued income
Other debtors		 2025
£
6,745
13,470
3,286
23,501		 2024
£
8,827
47,648
7,636
64,111

14. Creditors: amounts falling due within 1 year

Creditors: amounts falling due within 1 year
Accruals
Other creditors
Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2025
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2024		 £
-
-
-
-
£
-
57,307
-
57,307
Restricted
funds
Restricted
funds		 2025
£
8,196
1,032
9,228
£
4,119
218,343
(9,228)
213,234
£
8,104
441,127
(49,936)
399,295
General
funds
General
funds		 2024
£
30,936
19,000
49,936
Total
funds
£
4,119
218,343
(9,228)
213,234
Total
funds
£
8,104
498,434
(49,936)
456,602

15. Analysis of net assets between funds

49

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

16. Movements in funds

Movements in funds
Transfers
At 1 April between At 31 March
2024 Income Expenditure funds 2025
£ £ £ £ £
Restricted funds
Forest Restoration
(formerly Trees) 57,307 94,425 (151,732) - -
Gender Equity - 270 (270) - -
Nature Connection - 21 (21) - -
Total restricted funds 57,307 94,716 (152,023) - -
Unrestricted funds
General funds 399,295 565,675 (751,736) - 213,234
Total unrestricted funds 399,295 565,675 (751,736) - 213,234
Total funds 456,602 660,391 (903,759) - 213,234
Purposes of restricted funds
Forest Restoration Funding for forest restoration projects.
(formerly Trees)
Gender Equity Funding to champion women's leadership in restoration and support
projects that centre women and promote gender equity globally.

Nature Connection Funding to develop programmes and initiatives to raise awareness of, connection to and appreciation for Nature.

Prior period comparative
Restricted funds
Trees
Behaviour change fund
Education fund
Cooking stoves
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2023
£
680,750
53,231
14,109
-
748,090
334,541
334,541
1,082,631		 Income
£
176,341
-
15,000
7,680
199,021
711,705
711,705
910,726		 £
(799,784)
(53,231)
(29,109)
(7,680)
(889,804)
(646,951)
(646,951)
(1,536,755)
Expenditure		 £
-
-
-
-
-
-
-
-
Transfers
between
funds		 £
57,307
-
-
-
At 31 March
2024
57,307
399,295
399,295
456,602

50

Tree Sisters

Notes to the financial statements

For the year ended 31 March 2025

17. Contingent liabilities

Grant commitments under current agreements are not recognised because the liability is not certain as the conditions attached to the grant were unfulfilled at the year end.

Due within 1 year
Due within 1-5 years		 2025
£
167,653
6,923
174,576		 2024
£
487,710
330,273
817,983

18. Related party transactions

For the year ended 31 March 2025 trustees donated a total of £3,908 (2024: £nil) to the charity.

51

Thank you for your ongoing support of Treesisters. Treesislers Fifth Floor, Mariner House 62 Prince Street Bristol England BS14QD UK Charity ID. 1149961 IJ Treesisters Image credits Front cover." @ CORDESPA, Internotional Tree Foundation. Alpho Womens Empowermentlnitiotive. Yorenka Tosorentsi Institute/Aquaverde, International Tree Foundation. A550ciotion Voix Lib All other uncredited images É) TreeSister&