Just Earth Limited
Annual Report and Accounts
For the year ended 31st December 2025
Just Earth Limited
Annual Report and Accounts
For the year ended 31st December 2025
| Contents | Page No. |
|---|---|
| Charity Information | 2 |
| Report of the Trustees | 3 - 11 |
| Report of the Independent Examiner | 12 |
| Statement of Financial Activities | 13 |
| Balance Sheet | 14 |
| Notes to the Accounts | 15 - 23 |
JUST EARTH LIMITED
CHARITY INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2025
| Charity Name: | Just Earth Limited | |
|---|---|---|
| Working Names: | Just Earth | |
| Registered Numbers: | Company Number: | 9092105 |
| Charity Number: | 1158050 | |
| Registered Office: | 15 Lime Trees Avenue | |
| Llangattock | ||
| Crickhowell | ||
| Powys NP8 1LB | ||
| Website address: | www.justearth.org | |
| Trustees: | Rev Bruce Collins | |
| Mr David Cross | ||
| Mrs Alex Lloyd Davies | ||
| Mr Geir Haraldseid | ||
| Mr Robert Lankester | ||
| Rev Evelyn Lee-Barber | ||
| Mr Gerwyn Miles | ||
| Mr Peter Tyler | ||
| Secretary: | Mr Gerwyn Miles | |
| Independent Examiner: | Conway Davis Limited | |
| Chartered Certified Accountants | ||
| 4 Station Terrace | ||
| Caerphilly | ||
| CF83 1HD | ||
| Bankers: | CAF Bank Ltd | |
| 25 Kings Hill Avenue | ||
| Kings Hill | ||
| West Malling | ||
| Kent | ||
| ME19 4JQ |
REPORT OF THE TRUSTF.F.S (INCORPORATING THF, DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2025 The trustees PTesenl their report and the independently examined financial statements of the charity tor the year Lnded 31 Dccember 2025, which are alqD prepared to me¢t the rcquir¢m¢nis tor a dirc¢lors' r¢pori and accounts for Companios Acl purposes. The financial scatements comply with d]e Charities Aci 2011, the Companies Act 2006. the Memorandum and Articles of Association. and Accounting and Reporting by CILgrities: 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 l January 2019). OBJECTIVES AIYD ACTIVITIES The Charity's objects are.. (a) the relief andlor prevention of poverty in such ways as the Trustees may see fit- (b) to adNance the C11stIan faith in such ways as the Trustees may see fit. Just Earth's main focus is to benefit those living and working in Kenya, and more recently in the Democratic Republic of Congo via a partner programme. The focus is on farmers and individuals from rural fv'illages, to improve their farming methods and help set up small businesses, thereby helping alleviate poverty in their communities and provide a sustainable income. It works in partnership with local churches to help people follow Jesus in a way that empowLr% them economically, in a rclational context that build% communit! and enqures considLration is given to dcvelop enl'ironmentsl 8afe&Juarding teehniquLs to hclp build susts]inable futures. Our vision is for a world where local churches lead their communities into the fullness of life in Christ. The charity focuses on four key outcomes: Economic Empowern]eiit, Spiritual Forn]ation, Environmental Sustainability and Soclal Transformation. Economic Empowerment A school without Th'alls in which fanners learn better farn]ing techniques to enable thern to achieve higher yields, rnore diversified crops and better income in order to improve their livelihoods. Farmers undergo an intensii'e and practical two-year programme in Farmer Field Schools (FFS} of up to 36 farmers each. The curriculum is established and co-ordinated by our Director of Agronomy and delivered b! qualified agricultural facilitators, who attend the FFS every week. The course content comprises of modules in cropllivestock production, agri- business, soil and land management, climate change mitigation and adaptation with emphasis on organic farniing, value chain development and nutrition among others. Each trained farmer reaches out, on average, to 4 neighbours through farmer-to-farnier extension. Page13
Spirttual Formation The Kingydom Life Bible Study enables biblical teachingJ '1th daily agFricultural, family, and community" pra¢ti¢es. ThrougJhout the two year FFS cycle, famiers are facilitated to consider thL Chriqtian faith, values, and character, fostcring rcspon.%ible stcwardship, integrity.. compassion, and servant leadership. Practical ¢xprossions or raiih are ¢mphasi£cd, including praying for healing and blessing for their families and communities. Soeial Transforniation This involves encouraging school attendance, orphan and widow care as well as nutrition and food safety. Improved farni productivity aiid income enable households to acliieve food and nutrition security, access better healtli care and housing. support children's education. and live with restored dignity. Produce from demonstration plots supports vulnerable meinbers of the community. particularly widows and orphans. Environmental Sustainability We focus on household-level climate change adaptation and mitigation through tree planting, reclarnation of degraded land, soil and water conservation, and the adoption of organic and climate-smart farming practices. The approach promotes crop diversification and responsible land and livestock management to enhance biodiversity, protect natural resources, and ensure long-term environmental sustainabilitv. MAJOR OUTCOMES The ¢harity"s major outcomes for 2025 in Kenya are- 14 New FFS w¢r¢ commissioned with a total m¢mb¢rship ot 585 a¢tiv¢ members across Anglican Chllreh of Kenya dioceses in Western Kenya, bringing the total number ot operational FFS to 23. 3,594 direet household members benefited from the program, and 14J76 community members were reached indirectly through famier-to-fam]er extension (averaging 4 Iieighbours per trained farmer). Graduation of 233 farmers across 11 FFS who successfully completed tlieir learniiig cycle. Training of 24 new FFS facilitators and completion of 4 Kingdom Life workshops. Deployment of the new pastoral FFS in Samuli, where the field school was established as part of the regional footprint for the year. 11 Field Days conducted, which were attended by an aggregate of 2,152 participants, allowing local communities to visit demonstration plots and learn from JE famiers. Page14
4 Monitoring and Evaluation field I'isits successfully carried out (in March, June, July, and October) to oversee plot establishment, training, and documentation. 51,119 trees planted by FFS members duringT the year. Pre-training completed for 2026 %chools, su¢¢¢ssfully reaching 634 pro$pe¢tiv¢ f*rm¢rs across upcoming parish¢s. FFS Fanners earned a combined total ot KES 39,189,055 Irom the sale of erops and livestockjlivestock produets. Continued exploration and strategic visioning for expanding the JE FFS framework, highlighting a major inflection poiiit as the model looks to scale up in Kenya and expand its outreach to other countries. We continue to be very grateful to our many partners for generously supportingJ the work of Juql Earth. Thiq WOTk eon%i%tcntly lil'iq thL Tr'ery poor and vulnerable out ot. extremc poverty in a holistic manner and giv¢s ihom boih dignity and life ¢hoi¢¢s for ih¢ir families ihal Ihey could not oiherwise access. Maize Production and Yield Trends Baseline data Th'as collected froni each farmer prior to intervention to facilitate tracking of changes in yields, enabling a detailed assessrnent of tlie impact of tlie FFS learning program. Year l FFS Pcrformancc: Baseline data indicated that participating farmers initially produced 180.1 metric tonnes of maize from 246 acres, equivalent to an average yield of 0.73 metric tonnes per acre. After one year of FFS learning, reinforced by timely access to certified seed provided by Just Earth, production increased to 344.5 metric tonnes 0er 266 acres, achieving an averagTe yield of approximately 1.3 metric tonnes per acrc. Year 2 FFS Perform#n¢e: GraduatingJ Year 2 farrners recorded a baseline of131.6 metri¢ tonnes of maiz¢ cultivated over 189 acres (0.7 m¢lric tonncs p¢r acre). After two years of %tru¢tur¢d l¢aming, total production inerea8Ld to 275.2 metri¢ tonnes cultivated over fewer acres (165 acre4), r¢suliinbJ in an improvLd averag¢ yield of 1.67 metrie tonnes per aere. This represents a substantial gain in land-use etficiency for graduating schools.. Total Production: More than doubled (trom 131.6 to 275.2 metric tonnes). Yield Per Acre: Increased by 138.60/. (from 0.73 to 1.67 metric tonnes per acre). Land Under Cultivation: Decreased by 12.70/0, indicating significantly improved productivity per unit area. Page15
Income from Crop Sales and Livestock The evidence of crop diversification continues to grow. overcomingT traditional over-reliance on niaize and providing, better overall nutrition. Farmers earned a total of KES 21,482,700 from the sale of Crop produce (includin&J maize, beans. millet, sorgyhum. ¢assav Iri%h potato¢s, sweet potalocs. and assortcd vegLtable8). The program dcmon.%tratiDn plots also servod as a sourc¢ ol"qualily planling inal¢rials: supplying higyh-yielding sweel polalo vines and disease-free cassava cuttings trom the bulking plot at the Bishop Muge Avocado Farm. Furthem]ore, training on livestock production techniques (covering housing, feeding, breeding, and disease control for dairy, sheep, goats, chicken, pigs. and beekeeping) has heavily contributed to mixed fanning systems. c.rop residues are utilized as fodder, while livestock manure remains key to organic crop famiing and environmental sustainability. Income from the sale of livestock and livestock products (cattle, milk, sheep. goats, chickens, eggs, and honey) amounted to KES 17296,855. bringing total on-farni earnings to KES 39,189,055. Cumulative Livestock Holdings Owned by FFS Members (2025) Cattle Sh¢¢p Goats Chicken Pigs Bee Hives 1,284 1,236 670 10,855 20 58 Environmental Sustainability This pillar remains viLql in promoting environmental resilience through the adoption of climate change adaptation and mitigation strategies at the t.ann leN'el, which grows more urgent as cliinate volatility becomes increasingly pronounced. Farn]ers are trained in land management techniques, organic fanning, soil erosion control, and are encouraged to establish and maintain a minimum of 25 trees annually (including at least 5 fruit trees). Climate Change Adaptation Strategies Implementation of conservation practices 15 routinely monitored by facilitators to ensure technical backstopping. The aggregate adoption rates across the program areas illustrate high technology transfer.. Page16
Number of Farmer5 Adopting Climate Change Strategies (2025) Dite hes Con tour Fall ow Min imu Mul chi Crop Divers ifieati on ou ht Tol era Pastur elFodd er Cons. Irri gati on po st age nt 173 239 163 452 187 280 121 ioi 264 Tree Planting A total of 51,119 trees Th'ere planted by FFS members in 2025, bringing the cumulative total number of trees planted through Jiist Earth interventions to date to 262,167. The agro-forestry nurseries established in Year I plots continue to successfully distribute seedlings to farnlers for baseline farm expansion. So¢i#l Tr#nsforni#tion Randomized fami.judging and documentation was ¢ondu¢ted a¢ro%.% 62 farms belonging to Year 2 FFS cohorts to evalu&te technology transler and document transforn]ation at the Iiousehold level. Livelihood improvemeiils are visible in enhanced employment creation, tood safety, household asset accumulation, and community suppori systems. Highlighted Sueeess Stories from the 2025 Farni Visits Vietor Otieno (Emmanuel Chemelil FFS, Maseno East): Aged 42, Victor achieved full-time fami employment b! integrating apiculture, poultry. horticulture: and aquaculture. He manages l O Langstroth hives )'ielding l 00 kg of honey annually, marketed directly at his farm gate. He has established 200 trees on his fann, facilitated 2,000 more in his community, and cultiN'ates improved fodder species to sell to neighbours. Everl} ne Chepkemboi (Canaan Eshikulu FFS, Maseno North): Aged 26. Everlyne transformed her smallholding into a mixed dairy and crop enterprise. Using FFS insights on feed formulation and value addition. she processes milk into )'ogurt and mala (fermented milk) for direct sale, reinvesting the profits into an intensive, zero-grazing sheep production venture. Regina Tinjaa (Mwangaza Lelan FFS, Kapenguria}: AgTed 40, Regsina managJes a 7-acre mixed fclrnl g7roiwingi rnaize, be(Ins, putcltoes, bananas, and pa55ion fruit. She maintains 4 dairy cows and 21 O trees, utilizingy Compost and terra¢ing. Her fami profits enabled her to build a pern]anent brick home and install a river-linked water pumping) sygL'm. Page17
Spiritual Formation Spiritual formation remains a core domain of the JE model. working in direct partnership ith local churches. Church leaders tacililale the King,dorn Life Bible study to foster responsible stewardship, integJrity, and community cohesion. In 2025, 9i°/o of the local vie*r8 %UCC¢%Stully facilitated the deliv¢rv of thc training, and mcasurable %piritual Iransfomialions wer¢ do¢uin¢nl¢d with t¢stimoniLs of r¢lationships r¢¢on¢il¢d and physical healings experienced. Demonstration Plot Ineome and Utilization Local church leaders ensured that 50 /0 of the income generated from the sale of crops on demoiistration plots was used to support orphans, widows. elderly individuals. and N'ulnerable community inembers. Across the dioceses of Kitale, Eldoret. Kapenguria, Maseno East, and Maseno North, a toLql of KES 293,758 from demonstration plot sales was utilized for community social support, including paying secondary school fees for needy students and providing relief to disabled or vulnerable families. In-country Sustainability: Bishop Muge Avocado Farm We continue to manage the strategic avocado plantation on the l O-acre site at the Bishop Muge Centre in Kitale. on land supplied rent-free under contract by the Diocese of Kitale. The plantation is now in its third year of development. It is our objective that this avocado farm can provide income across man> decades to help support the farn] school programmes. We are in year 3 and the trees are just beginning to bear fruit for haTrest. Orchard Management & Apiary Development Agronomir Pra¢ti¢es: Desmodium was extensively established as a live mulch aTound the avocado plant canopie% to reduLe moisturc 1088 and enhance organic 8011 fLrlility. The fam]'s ilgation infrastruelure was lully ulili£cd lo protLCt the orchard during the intense dry spells encountered during the first quarter ot the year. Apiari, Expansion: In July 2025, fifty concrete beehives were installed on-site in partnership ..Ith Mr. Bee Company (Nairobi) to enhance natural pollination and establish an independent honey production enterprise. Six hives acliieved rapid, successful colonization withiii the first few months. Climatic Conditions and Crop Progress The latter half of the year recorded unusuall! high rainfall and persistent wet. cold weather across the Kitale region. This sloived the fruit maturation process and delaj'ed avocado fruition. However, the farm remains very well-tended. and the directors are focused on ensuring a robust, expanded harvest in 2026 as the trees approach productivity ages. Challenges Faced No work of this nature is free from difficulty and navigating environmental and operational hurdles prol'ides vital learning points for refining our implementation model. Key challenges addressed in 2025 include: Page18
Climatic F.xtrenies: The yeaT opened with a prolongTed drought and higJh temperatures acr055 all operational areas. dela!ingJ rainfall until late M(irchlearly April, which disrupted early production planning. Mid-yeaT then brougJht seN'ere raintall and flash floods that left rural access roads impassable, particularly in the Mt. Elgon region. Input Transitions: we have been moving away from expensive fertilizer to high- quality eoinposling. This is more effort, but cost-effective and better for the environment- it requires good communication by the facilitators to have good buy-in to this approach. Recruitment Thresholds: Maintaining high operational standards required rigorous recruitnient tilters. For example. duriiig tlie 2026 pre-training sessions: Chepchoina Parish (Kitale Diocese) fell short of the minimum group threshold after drawiiig onl}, l O fam]ers, meaning a school could not be formally commissioned there. Overall we are very grateful lor a year of a strong and flourishin&J t¢ain across all lay¢rs ot"th¢ charity. We give thanks for this blessing. FUTURE PLANS Just Earth is at a clear inflection point. Following many years of delivering faithful, verifiable results in Western Kenya. a season of strategic scale-up is arriving. alongside a broader outreach to other countries. Our focus going into 2026 includes further codifying our educational and spiritual offerings, buildingT Strong regional partnerships, and initiating a pilot program in Sierra Leone. while expanding growing programs in the Democratic Republic of Cong70 (DRC). We remain imrnensely gsrateful to our Church, Trust and individual partners whose gFenerous support has enabled us so far. We will require gFreater funding to deliver all the opportunity now open to us. FINANCIAL REVIEW Performanee in the Year Donations totalling £308.965 were received during the year from indii'iduals, churches, and by way ot"grant froni charitable trusts. Other income totalled £4,300 resulting in total incoine of £313.265. Expenditure during the year totalled £288,379. The result for the year was a surplus ot"£18,294 once currency related costs are factored in. With the deinand of programme expansion across Kenya and other African countries, Just Earth i¥ill need to significantly expand its donation income to meet the opportunity. This is a priority for the charity directors. Page19
Public Benefit We have referred to the guidance contained in the Charity Comrnission's general guidance on public benefit when Teviewing7 our aims and objectives and in planningF our future projects. In particular, the trustees consider how planned projects will Contribute to the aims and obj¢¢tiv¢s they hav¢ s¢t. Th¢ paragraphs above provide further infomiation. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Just Eartli Limited is a registered charity and company limited by guaraiitee, governed by its Memorandum and Articles of Association dated 18 June 2014. Reeruitment and Appointment of Trustees The goTrerning body of Just Earth Ltd is the board of trustees who meet from time to time to discuss the affairs of the Charity.. The dav_to-day management operations are overseen by Alex Lloyd Davies (Director} and financial rnanagernent is overseen by Geryn Miles (Director). Induction and Training of Trustee5 The need for new Trustees is reviewed regularly, and when appropriate, names are presented at a trustees, meeting for consideration. The existingJ trustees make any new appointments. Upon appointment, trustees are inforined of their obligTations in law and are g7ji'en copies of the Memorandum and Articles of Association and previous accounts. A third of all truslees retire at each Annual General Meeting and are eligible to stand for re-election. R¢s¢rv¢s Policy It is the policy of the charity to try to hold unrestricted reserves. not designaled for a specific use where possible, to enable a greater level ot discretion for funding charitable activicies. We also aim to maintain free reserves ai a level sufficient to enable us to make a responsible and managed exit from our projects should funding cease. With our tree Unrestricted reserves at £165,775 (December 2024.. £145,080), the charity maiiitains sufficieiit resources to support its ongoing cominitinents. Responsibilities of the Trustees The trustees (who are also directors of Just Earth Limited for the purpose of company law} are responsible for preparing the Trustees, Annual Report and the financial ststements in accordance with applicable law and 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 charitable company and of its incoming resources and application of resources, including income and expenditure. In preparing these financial statements. the trustees are required to- Page | 10
Select suitable accounting policies and then apply them consistently- Make judgFements and estimates that are prudent and reasonable- State whcther applicable accounting standard% and £tatementq of ReeDmmcnd¢d Practice hawe b¢cn lollow¢d, subject to any inal¢rial d¢pariur¢s disclos¢d and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records wliich disclose with reasonable accuracj at an). time the financial position of the charitable coinpany and which enable them to ensure that the financial statements coinplj with the Companies Act 2006. They are also responsible for safeguardiiig the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board on 28 August 2026. Peleri iler IAug 28 2026 14 34 39 F+11 Peter Tyler Trustee Pagel 11
JUST EARTH LIMITED
REPORT OF INDEPENDENT EXAMINER FOR THE YEAR ENDED 31ST DECEMBER 2025
Independent examiner's report to the trustees on the unaudited financial statements of Just Earth
I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31st December 2025.
Respective responsibilities of trustees and independent examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of
-
Recommended Practice: Accounting and Reporting by Charities have not been met; or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Dated: 28 August 2026 MRS KATHRYN SHORT 4 Station Terrace Conway Davis Limited Caerphilly Chartered Certified Accountants CF83 1HD
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JUST EARTH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds 2025 | Funds 2024 | ||
| Note | £ | £ | £ | £ | |
| Incoming resources: | |||||
| Donations and legacies | 3 | 290,023 | 18,942 | 308,965 | 188,425 |
| Charitable activities: | - | - | - | - | |
| Activities for raising funds | |||||
| Trading activities | 4 | 1,221 | - | 1,221 | 1,465 |
| Investments | |||||
| Bank interest received | 3,079 | - | 3,079 | 2,495 | |
| Total Income | 294,323 | 18,942 | 313,265 | 192,385 | |
| Expenditure on: | |||||
| Raising Funds | |||||
| Fundraising costs | 5 | 765 | - | 765 | 834 |
| Operating costs of trading activities | 5 | 16,017 | - | 16,017 | 16,924 |
| Charitable activities | 6 | 259,804 | 11,793 | 271,597 | 221,823 |
| Total Expenditure | 276,586 | 11,793 | 288,379 | 239,581 | |
| Net income | 17,737 | 7,149 | 24,886 | (47,196) | |
| Other recognised (losses) gains | |||||
| Foreign exchange (losses)/ gains | 7 | (5,425) | (1,167) | (6,592) | 9,454 |
| Net Movement in Funds before transfers | |||||
| 12,312 | 5,982 | 18,294 | (37,742) | ||
| Transfers between funds | - | - | - | - | |
| Net Movement in Funds after transfers | 12,312 | 5,982 | 18,294 | (37,742) | |
| Total funds brought forward | 219,791 | 12,835 | 232,626 | 270,368 | |
| Total funds carried forward | 232,103 | 18,817 | 250,920 | 232,626 | |
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JUST EARTH LIMITED
BALANCE SHEET AS AT 31ST DECEMBER 2025
| Note Fixed Assets Tangible assets 9 Current Assets Stock Debtors 10 Cash at bank and in hand Creditors Accruals 11 Net current assets Total assets less current liabilities Net assets Represented by: Unrestricted funds 12 Restricted funds 13 |
£ £ £ £ 66,328 74,711 - - 7,944 4,078 180,655 157,405 188,599 161,483 4,007 3,568 4,007 3,568 184,592 157,915 250,920 232,626 250,920 232,626 232,103 219,791 18,817 12,835 250,920 232,626 2025 2024 |
£ £ £ £ 66,328 74,711 - - 7,944 4,078 180,655 157,405 188,599 161,483 4,007 3,568 4,007 3,568 184,592 157,915 250,920 232,626 250,920 232,626 232,103 219,791 18,817 12,835 250,920 232,626 2025 2024 |
|---|---|---|
| 188,599 | ||
| 4,007 | ||
| 4,007 | ||
| 232,626 | ||
| 232,626 219,791 12,835 |
||
| 232,626 |
For the 12 months ended 31 December 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved and authorised for issue by the trustees on
28 August 2026 and signed on their behalf by:
Peter Tyler
Director
Company number: 9092105
Page|14
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025
1. Company information
Just Earth Limited is a company limited by guarantee and registered in England and Wales, registration number 9092105, and a registered charity, number 1158050. The registered office is 15 Lime Trees, Avenue, Llangattock, Crickhowell, Powys. NP8 1LB.
1.1 Basis of preparation of financial statements
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 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.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
Just Earth Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless stated in the relevant accounting policy note.
These accounts include the activities of the Kenyan branch.
These accounts have been prepared on a Going Concern basis which the trustees continue to believe is appropriate.
The financial statements are prepared in sterling (£) and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2 Income
All income is recognised in the Statement of Financial Activities when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be reliably measured.
Donations, legacies and similar incoming resources are reported gross and the related fundraising costs are reported in fundraising costs.
Grants are recognised as income when they are received provided conditions for receipt have been complied with, unless they relate to a specific future period in which case they are deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable.
Page|15
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
1.3 Expenditure
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Raising Funds represents expenditure incurred in motivating the individual supporters, trusts and other organisations to contribute to the work of the charity.
Charitable activities represents those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.
Governance represents those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.
All costs including support costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on the basis of an estimate of the proportion of time spent by staff on the activity.
Support costs are those costs which do not in themselves constitute an activity, instead they enable output creating activities to be undertaken. The cost category includes the central or regional office functions such as general management, human resources and payroll administration, budgeting and accounting, and information technology.
1.4 Fund accounting
The charity maintains various types of funds as follows:
General unrestricted funds represent income which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds represent income set aside by the trustees out of general unrestricted funds for specific future purposes or projects.
Restricted funds represent income to be used in accordance with specific restrictions imposed by donors or which has been raised by the charity for particular purposes.
Page|16
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
1.5 Fixed assets and depreciation
The threshold for capitalisation of assets is set at £100 per item. Depreciation is calculated using the straight line method so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Farm buildings | - | 10% |
|---|---|---|
| Motor cycles and vehicles | - | 20% - 25% |
| Fixtures, fittings and equipment | - | 10% - 50% |
1.6 Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities.
1.7 Stocks
Stocks are stated at the lower of cost and net realisable value.
1.8 Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand.
1.9 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.
Non-monetary assets purchased in foreign currencies are translated into sterling at the rate of exchange ruling on the date of acquiring the assets.
Transaction in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Financial Activities.
2 Net movement in funds
| Net movement in funds | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| The net movement in funds for the year is stated after | charging: | |
| Depreciation and other amounts written off tangible | ||
| fixed assets: | ||
| Owned assets | 16,106 | 16,396 |
| (Profit)/Loss on disposal of fixed assets | - | - |
| Independent examiners fee | 900 | 875 |
Page|17
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
3. Donations and legacies
| 3. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Donations from organisations, | 90,023 | 18,942 | 108,965 | 188,425 | |
| churches and individuals | |||||
| Other trusts | 200,000 | - | 200,000 | - | |
| 290,023 | 18,942 | 308,965 | 188,425 | ||
| 4. | Income from activities for raising funds Unrestricted funds £ Produce sales 1,221 |
Restricted Funds £ - |
Total Funds 2025 £ 1,221 |
Total Funds 2024 £ 1,465 |
|
| 5. | Cost of raising funds | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Other costs | 765 | - | 765 | 834 | |
| 765 | - | 765 | 834 | ||
| Fundraising costs of trading activities: | |||||
| Employee costs | 4,529 | - | 4,529 | 3,750 | |
| Other costs | 4,347 | 4,347 | 5,565 | ||
| Depreciation | 7,141 | - | 7,141 | 7,609 | |
| (Loss) on disposal of fixed assets | - | - | - | - | |
| 16,017 | - | 16,017 | 16,924 | ||
| 16,782 | - | 16,782 | 17,758 | ||
| 6. | Charitable activities | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Farm School Activities in Kenya | 84,872 | 6,115 | 90,987 | 64,824 | |
| Employee costs | 107,957 | 5,678 | 113,635 | 81,810 | |
| Travel & Accommodation costs | 33,949 | - | 33,949 | 27,092 | |
| Administration Costs | 24,061 | - | 24,061 | 22,518 | |
| Bad debts | - | - | - | 1,711 | |
| Depreciation - charitable activites | 8,965 | - | 8,965 | 8,787 | |
| Houston Baptist Project | - | - | - | 15,081 | |
| 259,804 | 11,793 | 271,597 | 221,823 |
Page|18
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
Administration costs include the Governance costs of £875 (2024: £875) that relate to the Independent Examination of the accounts.
7. Other (gains)/losses
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Total Funds|Total Funds|
|funds|Funds|2025|2024|
|£|£|£|£|
|Profit/(loss) on foreign exchange|(5,425)|(1,167)|(6,592)|9,454|
----- End of picture text -----
The charity operates in two main locations, UK and Kenya. A significant proportion of transactions, assets and liabilities are denominated in the Kenyan Shilling, and this gives rise to exchange gains and losses during the financial year, and to translation gains and losses at the financial year ends.
8. Staff numbers and cost
----- Start of picture text -----
||||
|---|---|---|
|Employment costs:|2025|2024|
|£|£|
|-|
|CEO salary|18,333|
|Staff salaries|79,674|73,843|
|-|
|Employers pension contributions (CEO)|1,100|
|Employers pension contributions (staff)|7,821|5,915|
|Employers medical costs|5,702|4,712|
|Casual and volunteer staff|2,231|526|
|Other staff costs|3,303|564|
|118,164|85,560|
----- End of picture text -----
The CEO is based in the UK, and all other staff in Kenya.
Number of employees:
The average monthly number of employees during the year, calculated on the basis of average monthly head count, was as follows:
----- Start of picture text -----
||||
|---|---|---|
|2025|2024|
|Charitable activities|7.3|7.0|
----- End of picture text -----
No staff member was paid more than £60,000 in the financial year. No trustee received any remuneration during the year (2024: £nil). Expenses reimbursed to the trustees amounted to £7,033 for travel, asset purchase and third party services (2024: £2,368).
The Trustees take an active role in the running of the charity, and one Trustee is also employed in the separate role of CEO. These together comprise the key management personnel of the charity. No Trustee receives any remuneration for their role as Trustee. CEO remuneration is as disclosed above, and the total employment benefits, including employer pension contributions, of the key management personnel of the charity was therefore £19,433 (2024:£nil)
Page|19
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
9. Fixed Assets
| 9. Fixed Assets |
|||
|---|---|---|---|
| Farm buildings £ Cost As at 1st Jan 2025 13,941 Additions 4,888 Disposal - As at 31st Dec 2025 18,829 Depreciation As at 1st Jan 2025 2,713 Charge in the year 1,644 Eliminated depreciation on disposals - As at 31st Dec 2025 4,357 Net Book Value As at 31st Dec 2025 14,472 As at 31st Dec 2024 11,228 10. Debtors Prepayments Other debtors Working capital loans 11. Creditors: Amounts falling due within one year Provisions Accruals Salary Related Accruals Employee Reimbursements Accounts Payable |
Farm buildings £ 13,941 4,888 - |
Motor cycles & vehicles Fixtures, fittings & equipment £ £ 44,508 55,669 - 2,835 - - |
Total Funds 2025 £ 114,118 7,723 - |
| 18,829 | 44,508 58,504 |
121,841 | |
| 2,713 1,644 - |
18,484 18,210 8,675 5,787 - |
39,407 16,106 - |
|
| 4,357 | 27,159 23,997 |
55,513 | |
| 14,472 | 17,349 34,507 |
66,328 | |
| 26,024 37,459 2025 £ 5,841 2,103 - 7,944 2025 £ 602 1,049 1,772 342 242 4,007 |
74,711 2024 £ 3,335 743 - |
||
| 4,078 2024 £ 647 875 2,046 - - |
|||
| 3,568 |
Page|20
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
12. Unrestricted Funds
| 12. | Unrestricted Funds | ||||
|---|---|---|---|---|---|
| General | Total | ||||
| Fund | |||||
| £ | £ | ||||
| Balance at 1 January 2025 | 219,791 | 219,791 | |||
| Net income for the year | 17,737 | 17,737 | |||
| Foreign exchange losses | (5,425) | (5,425) | |||
| Balance at 31 December 2025 | 232,103 | 232,103 | |||
| 13. | Restricted Funds | ||||
| Houston | ACK | Pioneer | Total 2025 | ||
| Baptist | Donation | Church | |||
| Project | 2021 | Haugesund | |||
| Project | |||||
| £ | £ | £ | £ | ||
| Balance at 1 January 2025 | 11,925 | 737 | 173 | 12,835 | |
| Net income for the year | - | - | 7,149 | 7,149 | |
| Translation movements | (793) | (49) | (325) | (1,167) | |
| Balance at 31 December 2025 | 11,132 | 688 | 6,997 | 18,817 | |
| 14. | Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| funds | funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Tangible assets | 66,328 | - | 66,328 | 74,711 | |
| Cash at bank and in hand | 161,838 | 18,817 | 180,655 | 157,405 | |
| Other net assets/(liabilities) | 3,937 | - | 3,937 | 510 | |
| 232,103 | 18,817 | 250,920 | 232,626 |
15. Taxation
As a charity, Just Earth Limited is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
16. Related parties
The charity is related to the Maseno Trust in that Rev. Bruce Collins, Alex Lloyd Davies, David Cross and Gerwyn Miles are directors and trustees of both charities. Just Earth Limited is a corporate entity, formed to do the work of the Maseno Trust, which is now dormant. There were no related party transactions between the two charities during the year (2024: £nil).
Page|21
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
The charity is also related to Just Earth USA, Inc., in that Rev. Bruce Collins, Peter Tyler and Gerwyn Miles are directors of both the charity and the corporation. Just Earth USA, Inc, is a not-for-profit corporation formed to assist with raising funding for the charity's activities, by providing a tax efficient means for US donors to support the work of the charity. The Charity received funding of £nil from Just Earth USA, Inc, during the year (2024: £nil).
The total amount of donations received during the year from related parties was £4,625 (2024: £34,200).
17. Controlling parties
In the opinion of the trustees there is no single ultimate controlling party of the charity.
18. Company limited by guarantee
Just Earth Limited is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page|22
JUST EARTH LIMITED
NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025
19. Statement of Financial Activities (including income and expenditure account) for the year ended 31 December 2024
| Note Income from: Donations and legacies 3 Charitable activities: Activities for raising funds Trading activities 4 Investments Bank interest received Total Income Expenditure on: Raising Funds Operating costs of trading activities 5 Fundraising costs 5 Charitable activities 6 Total Expenditure Net income Other recognised (losses) gains Foreign exchange (losses)/ gains Net Movement in Funds before transfers Transfers between funds Net Movement in Funds after transfers Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds Total Funds 2024 £ £ £ 173,223 15,202 188,425 - - - 1,465 - 1,465 2,495 - 2,495 |
|---|---|
| 177,183 15,202 192,385 |
|
| 16,924 - 16,924 834 - 834 206,742 15,081 221,823 |
|
| 224,500 15,081 239,581 |
|
| (47,317) 121 (47,196) 7,072 2,382 9,454 |
|
| (40,245) 2,503 (37,742) - - - |
|
| (40,245) 2,503 (37,742) 260,036 10,332 270,368 |
|
| 219,791 12,835 232,626 |
Page|23