Charity number: 1151933
TREEANGLE FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
BAGINSKY COHEN
CHARTERED ACCOUNTANTS
TREEANGLE FOUNDATION
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
TREEANGLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2026
Trustees
ORIANA DONATI ILLANES JASON NEWMARK PABLO FRIEDLANDER MANNO FRANCA DE ANDRADE IGNASI TARRES GARCIA
Charity registered number
1151933
Principal office
930 HIGH ROAD LONDON N12 9RT
Accountants
BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT
Page 1
TREEANGLE FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The Trustees present their annual report together with the financial statements of the Charity for the year 1 February 2025 to 31 January 2026.
OBJECTIVES AND ACTIVITIES
a. Policies and objectives
The principal object of the charity is to provide environmental restoration, the advancement of education, relief of poverty, and any other purposes which are exclusively charitable according to the law of England and Wales as the Trustees may from time to time determine.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
FINANCIAL REVIEW
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves
Total incoming resources during the year amount to £239,096 (2025: £346,324) and resources expended amount to £244,046 (2025: £431,598) leaving a net deficit of £4,990 (2024: deficit of £85,274).
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Constitution
Treeangle Foundation is a registered charity, number 1151933, and is constituted under a Trust deed executed on 10 December 2012.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
PLANS FOR FUTURE PERIODS
The Charity aims to continue to make donations to causes that the Trustees deem appropriate.
Page 2
TREEANGLE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They 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.
Approved by order of the members of the board of Trustees on 27 June 2026 and signed on their behalf by:
Pablo Friedlander (Jun 27, 2026,11:15pm) PABLO FRIEDLANDER (Trustee)
Page 3
TREEANGLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TREEANGLE FOUNDATION ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2026.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Neil Cohen Dated: 27 June 2026 Neil CohenNeil Cohen (Jun 27, 2026, 3:33pm) FCA BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT
Page 4
TREEANGLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2026
| Note INCOME FROM: Donations and legacies 2 TOTAL INCOME EXPENDITURE ON: Raising funds 3 Charitable activities 4,5 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward Net movement in funds TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds 2026 £ 239,096 239,096 - 244,086 244,086 (4,990) 7,956 (4,990) 2,966 |
Total funds 2026 £ 239,096 239,096 - 244,086 244,086 (4,990) 7,956 (4,990) 2,966 |
Total funds 2025 £ 346,324 346,324 |
|---|---|---|---|
| 80,341 351,257 431,598 |
|||
| (85,274) | |||
| 93,230 (85,274) 7,956 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
TREEANGLE FOUNDATION
BALANCE SHEET AS AT 31 JANUARY 2026
| Note FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank and in hand CURRENT LIABILITIES Creditors: amounts falling due within one year 9 NET CURRENT ASSETS TOTAL NET ASSETS CHARITY FUNDS Restricted funds Unrestricted funds 10 TOTAL FUNDS |
2026 £ 4,666 4,666 (1,800) |
2026 £ 100 2,866 2,966 - 2,966 2,966 |
2025 £ 9,416 9,416 (1,560) |
2025 £ 100 7,856 |
|---|---|---|---|---|
| 7,956 | ||||
| - 7,956 |
||||
| 7,956 |
The financial statements were approved and authorised for issue by the Trustees on 27 June 2026 and signed on their behalf by:
Pablo Friedlander (Jun 27, 2026,11:15pm) PABLO FRIEDLANDER (Trustee)
The notes on pages 7 to 13 form part of these financial statements.
Page 6
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. ACCOUNTING POLICIES
- 1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Treeangle Foundation 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.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 7
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. ACCOUNTING POLICIES (CONTINUED)
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
- 1.5 Cash at bank and in hand
Cash at bank and 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.
- 1.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
- 1.7 Financial instruments
The Charity 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 measured at amortised cost using the effective interest method.
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Page 8
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
2. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2026 | 2026 | 2025 | |
| £ | £ | £ | |
| Donations | 239,096 | 239,096 | 346,324 |
3. EXPENDITURE ON RAISING FUNDS
Fundraising trading expenses
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2026 | 2026 | 2025 | ||
| £ | £ | £ | ||
| Impairment of loan (see prior year accounts) | - | - | 80,341 |
4. ANALYSIS OF GRANTS
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2026 | 2026 | 2025 | |
| £ | £ | £ | |
| Ecological Restoration and Educational | 224,153 | 224,153 | 326,582 |
Page 9
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
4. ANALYSIS OF GRANTS (CONTINUED)
The Charity has made the following material grants to institutions during the year:
| 2026 | 2025 | |
|---|---|---|
| £ | £ | |
| Name of institution | ||
| Fundacion de Actividades Biosfericas, Argentina | 224,153 | 326,582 |
5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
| Ecological Restoration and Educational Total 2025 |
Grant funding of activities 2026 £ 224,153 326,582 |
Support costs 2026 £ 19,933 24,675 |
Total funds 2026 £ 244,086 351,257 |
Total funds 2025 £ 351,257 |
|---|---|---|---|---|
Charitable activities relate to 3 ecological restoration projects managed by Fundacion de Actividades Biosfericas, Argentina.
More details can be found on our website:
https://www.treeangle.org/
ANALYSIS OF SUPPORT COSTS
| Accountancy fees Consultancy Events and fundraising Legal and professional fees |
Activities 2026 £ 1,800 16,860 - 1,273 19,933 |
Total funds 2026 £ 1,800 16,860 - 1,273 19,933 |
Total funds 2025 £ 1,560 13,017 8,667 1,431 24,675 |
|---|---|---|---|
Page 10
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
6. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration amounts to an independent examiner fee of £1,800 (2025 - £1,560).
7. TRUSTEES' REMUNERATION AND EXPENSES
During the year, consultancy fees of £16,860 (2025 - £10,538) were paid to Pablo Friedlander who is also a trustee of Treeangle Foundation.
During the year ended 31 January 2026, no Trustee expenses have been incurred (2025 - £NIL).
8. FIXED ASSET INVESTMENTS
| Cost or valuation At 1 February 2025 At 31 January 2026 Net book value At 31 January 2026 At 31 January 2025 |
Investments in subsidiary companies £ 100 100 100 100 |
|---|---|
PRINCIPAL SUBSIDIARIES
The following was a subsidiary undertaking of the Charity:
| Name | Company | Registered office or principal | Class of | Holding |
|---|---|---|---|---|
| number | place of business | shares | ||
| Treeangle Products Limited | 10790475 | 930 High Road | Ordinary | 100% |
| London | ||||
| N12 9RT |
The financial results of the subsidiary for the year were:
Name
Net assets £
Treeangle Products Limited
100
Page 11
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals 10. SUMMARY OF FUNDS SUMMARY OF FUNDS - CURRENT YEAR General funds SUMMARY OF FUNDS - PRIOR YEAR General funds |
Balance at 1 February 2025 £ 7,956 Balance at 1 February 2024 £ 93,230 |
Income £ 239,096 Income £ 346,324 |
2026 £ 1,800 Expenditure £ (244,086) Expenditure £ (431,598) |
2025 £ 1,560 Balance at 31 January 2026 £ 2,966 Balance at 31 January 2025 £ 7,956 |
|---|---|---|---|---|
| 11. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|---|---|
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR |
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2026 £ 100 4,666 (1,800) 2,966 |
Total funds 2026 £ 100 4,666 (1,800) 2,966 |
|---|---|---|
Page 12
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
- ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 100 9,416 (1,560) 7,956 |
Total funds 2025 £ 100 9,416 (1,560) 7,956 |
|---|---|---|
Page 13
Issuer
Baginsky Cohen
Document generated Sat, 27th Jun 2026 15:24:57 BST
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Envelope generated with fingerprint e93fad01110c83ef6e1408ce7ef7a63f by neil@baginskycohen.com (81.137.243.195) Document generated with fingerprint b81edb26e62fe6b9820c9d9bff640999 (81.137.243.195) Document generated with fingerprint da577bef59528042ab8f8aae4396f4d6 (81.137.243.195) Pablo Friedlander has been assigned to this envelope. (81.137.243.195) Neil Cohen has been assigned to this envelope. (81.137.243.195) Sent the envelope to Pablo Friedlander (pablofriedlander@gmail.com) for signing (81.137.243.195) Document emailed to pablofriedlander@gmail.com Sent the envelope to Neil Cohen (neil@baginskycohen.com) for signing (81.137.243.195) Document emailed to neil@baginskycohen.com Neil Cohen opened the document email. (146.75.168.38) Neil Cohen viewed the envelope (82.11.62.5) Neil Cohen signed the envelope (82.11.62.5) Pablo Friedlander opened the document email. (66.102.8.232) Pablo Friedlander viewed the envelope (153.67.110.247) Pablo Friedlander opened the document email. (66.249.93.38) Pablo Friedlander viewed the envelope (153.67.111.131) Pablo Friedlander signed the envelope (153.67.111.131)
Sat, 27th Jun 2026 23:15:07 BST This envelope has been signed by all parties (153.67.111.131) Sat, 27th Jun 2026 23:15:07 BST Signed document confirmation emailed to pablofriedlander@gmail.com (153.67.111.131) Sat, 27th Jun 2026 23:15:07 BST Signed document confirmation emailed to neil@baginskycohen.com (153.67.111.131) Sat, 27th Jun 2026 23:15:07 BST Signed document confirmation emails have been sent to all parties. Document URL: https://api.signable.app/shareable/envelope?t=acc11e8c-8c71-459a-815ad8ead7c6b774 (153.67.111.131)
Charity number: 1151933
TREEANGLE FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
BAGINSKY COHEN
CHARTERED ACCOUNTANTS
TREEANGLE FOUNDATION
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
TREEANGLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2026
Trustees
ORIANA DONATI ILLANES JASON NEWMARK PABLO FRIEDLANDER MANNO FRANCA DE ANDRADE IGNASI TARRES GARCIA
Charity registered number
1151933
Principal office
930 HIGH ROAD LONDON N12 9RT
Accountants
BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT
Page 1
TREEANGLE FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The Trustees present their annual report together with the financial statements of the Charity for the year 1 February 2025 to 31 January 2026.
OBJECTIVES AND ACTIVITIES
a. Policies and objectives
The principal object of the charity is to provide environmental restoration, the advancement of education, relief of poverty, and any other purposes which are exclusively charitable according to the law of England and Wales as the Trustees may from time to time determine.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
FINANCIAL REVIEW
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves
Total incoming resources during the year amount to £239,096 (2025: £346,324) and resources expended amount to £244,046 (2025: £431,598) leaving a net deficit of £4,990 (2024: deficit of £85,274).
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Constitution
Treeangle Foundation is a registered charity, number 1151933, and is constituted under a Trust deed executed on 10 December 2012.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
PLANS FOR FUTURE PERIODS
The Charity aims to continue to make donations to causes that the Trustees deem appropriate.
Page 2
TREEANGLE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They 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.
Approved by order of the members of the board of Trustees on 27 June 2026 and signed on their behalf by:
Pablo Friedlander (Jun 27, 2026,11:15pm) PABLO FRIEDLANDER (Trustee)
Page 3
TREEANGLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TREEANGLE FOUNDATION ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2026.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Neil Cohen Dated: 27 June 2026 Neil CohenNeil Cohen (Jun 27, 2026, 3:33pm) FCA BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT
Page 4
TREEANGLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2026
| Note INCOME FROM: Donations and legacies 2 TOTAL INCOME EXPENDITURE ON: Raising funds 3 Charitable activities 4,5 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward Net movement in funds TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds 2026 £ 239,096 239,096 - 244,086 244,086 (4,990) 7,956 (4,990) 2,966 |
Total funds 2026 £ 239,096 239,096 - 244,086 244,086 (4,990) 7,956 (4,990) 2,966 |
Total funds 2025 £ 346,324 346,324 |
|---|---|---|---|
| 80,341 351,257 431,598 |
|||
| (85,274) | |||
| 93,230 (85,274) 7,956 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
TREEANGLE FOUNDATION
BALANCE SHEET AS AT 31 JANUARY 2026
| Note FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank and in hand CURRENT LIABILITIES Creditors: amounts falling due within one year 9 NET CURRENT ASSETS TOTAL NET ASSETS CHARITY FUNDS Restricted funds Unrestricted funds 10 TOTAL FUNDS |
2026 £ 4,666 4,666 (1,800) |
2026 £ 100 2,866 2,966 - 2,966 2,966 |
2025 £ 9,416 9,416 (1,560) |
2025 £ 100 7,856 |
|---|---|---|---|---|
| 7,956 | ||||
| - 7,956 |
||||
| 7,956 |
The financial statements were approved and authorised for issue by the Trustees on 27 June 2026 and signed on their behalf by:
Pablo Friedlander (Jun 27, 2026,11:15pm) PABLO FRIEDLANDER (Trustee)
The notes on pages 7 to 13 form part of these financial statements.
Page 6
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. ACCOUNTING POLICIES
- 1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Treeangle Foundation 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.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 7
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. ACCOUNTING POLICIES (CONTINUED)
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
- 1.5 Cash at bank and in hand
Cash at bank and 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.
- 1.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
- 1.7 Financial instruments
The Charity 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 measured at amortised cost using the effective interest method.
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Page 8
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
2. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2026 | 2026 | 2025 | |
| £ | £ | £ | |
| Donations | 239,096 | 239,096 | 346,324 |
3. EXPENDITURE ON RAISING FUNDS
Fundraising trading expenses
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2026 | 2026 | 2025 | ||
| £ | £ | £ | ||
| Impairment of loan (see prior year accounts) | - | - | 80,341 |
4. ANALYSIS OF GRANTS
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2026 | 2026 | 2025 | |
| £ | £ | £ | |
| Ecological Restoration and Educational | 224,153 | 224,153 | 326,582 |
Page 9
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
4. ANALYSIS OF GRANTS (CONTINUED)
The Charity has made the following material grants to institutions during the year:
| 2026 | 2025 | |
|---|---|---|
| £ | £ | |
| Name of institution | ||
| Fundacion de Actividades Biosfericas, Argentina | 224,153 | 326,582 |
5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
| Ecological Restoration and Educational Total 2025 |
Grant funding of activities 2026 £ 224,153 326,582 |
Support costs 2026 £ 19,933 24,675 |
Total funds 2026 £ 244,086 351,257 |
Total funds 2025 £ 351,257 |
|---|---|---|---|---|
Charitable activities relate to 3 ecological restoration projects managed by Fundacion de Actividades Biosfericas, Argentina.
More details can be found on our website:
https://www.treeangle.org/
ANALYSIS OF SUPPORT COSTS
| Accountancy fees Consultancy Events and fundraising Legal and professional fees |
Activities 2026 £ 1,800 16,860 - 1,273 19,933 |
Total funds 2026 £ 1,800 16,860 - 1,273 19,933 |
Total funds 2025 £ 1,560 13,017 8,667 1,431 24,675 |
|---|---|---|---|
Page 10
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
6. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration amounts to an independent examiner fee of £1,800 (2025 - £1,560).
7. TRUSTEES' REMUNERATION AND EXPENSES
During the year, consultancy fees of £16,860 (2025 - £10,538) were paid to Pablo Friedlander who is also a trustee of Treeangle Foundation.
During the year ended 31 January 2026, no Trustee expenses have been incurred (2025 - £NIL).
8. FIXED ASSET INVESTMENTS
| Cost or valuation At 1 February 2025 At 31 January 2026 Net book value At 31 January 2026 At 31 January 2025 |
Investments in subsidiary companies £ 100 100 100 100 |
|---|---|
PRINCIPAL SUBSIDIARIES
The following was a subsidiary undertaking of the Charity:
| Name | Company | Registered office or principal | Class of | Holding |
|---|---|---|---|---|
| number | place of business | shares | ||
| Treeangle Products Limited | 10790475 | 930 High Road | Ordinary | 100% |
| London | ||||
| N12 9RT |
The financial results of the subsidiary for the year were:
Name
Net assets £
Treeangle Products Limited
100
Page 11
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals 10. SUMMARY OF FUNDS SUMMARY OF FUNDS - CURRENT YEAR General funds SUMMARY OF FUNDS - PRIOR YEAR General funds |
Balance at 1 February 2025 £ 7,956 Balance at 1 February 2024 £ 93,230 |
Income £ 239,096 Income £ 346,324 |
2026 £ 1,800 Expenditure £ (244,086) Expenditure £ (431,598) |
2025 £ 1,560 Balance at 31 January 2026 £ 2,966 Balance at 31 January 2025 £ 7,956 |
|---|---|---|---|---|
| 11. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|---|---|
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR |
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2026 £ 100 4,666 (1,800) 2,966 |
Total funds 2026 £ 100 4,666 (1,800) 2,966 |
|---|---|---|
Page 12
TREEANGLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
- ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 100 9,416 (1,560) 7,956 |
Total funds 2025 £ 100 9,416 (1,560) 7,956 |
|---|---|---|
Page 13
Issuer
Baginsky Cohen
Document generated Sat, 27th Jun 2026 15:24:57 BST
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