Regtstered Trurnber: 09389265
Charlty number: 1165742
SUSTAINABLE FIBRE ALLIANCE
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
llwii
ACEWJPBV*
2511012023
COMPANIES HOUSE
23
WR
Partners
Protecting your future.

SUSTAINABLE FIBRE ALLIANCE
IA company limited by gyardntee)
CONTENTS
Page
Reference and admlntstratlve details of the Charity. Ils Trustees and advlse
Tiustses. rnport
Independent examlnefs report
Statèment ol financlal athlllos
10
Balance sheet
Stalement of ush flows
Notes to the fjnancial statements
14-28

SUSTAINABLE FIBRE ALLIANCE
IA ct)mpany Ilmlled by guaranteel
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2023
Trustees
Una Jones. Chief Executive
Andreas Wilkes
Chartes Hubbard Ireggned 30 November 2022}
Simon Cotton (resigned 20 July 2022}
Eleni Thrasyvoukju {resign&J 20 Juty 20221
Paul Lrttlefair
Tana Dai {app)inted 8 June 2022)
Karen Perry lappc4nted 8 June 2022)
Jrxetyn Wilkinson Irestgned 20 July 20221
Company registsr•d
number
09389265
Charity r•glst•r•d
Trumber
1165742
Regi5ter•d oifKe
41 Br￿ A*Elon
Mold
Flintshire
CH7 1LT
Chlef execulive officer
Una Jones
¢ounlants
WR Partners
Chartered AccounLw
Belmont House
Shrewsbury Business Pa
Shrew5bury
Shropshire
SY2 6LG
Page 1

SUSTAINABLE F18RE ALLIANCE
IA ¢¢)mp•ny Ilmlted by guarnntsel
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JANUARY 2023
The Trustees prèsent theif annual report together wth the financKql statements of the Charty for the period from
1 FebrL￿ry 2022 10 31 January 2023. The Annual report swes the purposes of both a Trustees, report and
directors. report under company law. The Trustees corbfirm that the Annual repcfft and fina￿la1 statements of the
charilable company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the prowsions of the Statement of Recommended Practice ISORPI applicable lo
charities preparing their aecounts in accc¥dance wrth the Finanual Repo￿.n9 StarKlaTd ap￿IcatIe in the UK and
Republie of Ireland IFRS102) leffeetNe 1 January 2019).
Since the Charity qualifres as small under ￿tiOn 382 of the Companies Act 2006. the Strategic report requlre¢J
rnedium and large companies under the Companies Act 2006 Istrategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activitie5
a. Poll¢les and objoctS¥9s
The Sustainable Fibie Alliance is a gk)bal multi-slakeholder initrative with a mission lo ensure the long-term
viability of the cashmere sector. We promote SFA Cashmere Standard to encourage the adoption of
respon&ble pro¢JuclK)n practices that minimise enviwmentsl ifflpa#. safeguard herder ￿VelIhOodS and meet
high animal welfare stsndards.
The objectives ol the charty are..
To pr¢)mole sustaina￿e dèvel¢)pment for the benefft ofthe W￿1C by".
the preSeNati￿. conservab.on arwj the wotecb'on of the environment and the prudent use of resourees
the Telief of povety and lh8 improvement of the con(*tions of life in socialty economicalty
disadvantsged commUn￿e$
the promots.on of sustainable means of •thievirwJ ecorn)mic growrth and regeneration
to advance the eihJcalion of the public in subj.ects relating to suStaina￿e devdopment and the pTotects'on,
enhancement and rehatM"lil8lion of the environment and lo promote study and research in such $ubjed$
provided that the useful results of such *udy are dissemin*ed to Ihe public at large.
The wsion of the SFA is that all cashmere is ￿0dL￿ed in an enwronmentalty In"endty way that safeguards the
livelihoods of herding communities and wotects the imp￿tsnt. fragile environment in which they live.
In setting objectives and planning for ath"vities, the Trustees have given due C￿s*jerat￿ to general guidance
published by the Charity Commissim ￿L911r￿j lo public benefft. including Ihe guidance 'Public benefrt.. running a
charrty (P821'.
b. Strategies for *cht•¥ing obj•cti¥es
The Key Slrategic aims that that shape our work are..
Envirmmental resil*nce in cashmere woducKvJ regions.
Improving animal welfare wthin cashmere products'on.
Improved Iow-lemi prospects for herdiNJ communiti'es and fa￿eT$ that rety on cashmere.
Page 2

SUSTAINABLE FIBRE ALLIANCE
IA cixnpany limited by guarantee)
TrUSTEES' REPORT ICOllllNUED}
FOR THE YEAR ENDED 31 JANUARY 2023
Objectlves and actlvltjes Icontlnuedl
c. Acfjvltles undertaken to achleve obSectl¥es
The SFA works with the end to eThJ cashmere SUFvly chain. eonr*th"ng herders lo brands and retailers in the
global fashion industy. We offer a 9lobally-focused. 5o¢ally-adapted solution fN sustainable cashmere. We
promote the SFA cashme￿ Slan¢Yard to enc£•urage the adopt￿ of res￿nsi￿e practices that benefit people.
livesloek and the environment. Our standard allows companies lo demonslrale their commrtment lo transfomiing
the cashmere Sect￿ and make credible dabms at¥)ul the suslainakn.lrty of thwr cashmere products.
d. Maln a¢￿VitieS undertaken to further the CharltyS purposes for the publk benefll
The Trustees have referred lo the guidarte contaned in tr* Chanty Commis$h￿'S general guidance on public
benefft wf*n reviewing the charitys awns obpdives in planning fijlure a(knties.
Achlevements and performance
a. Main aehlevements ofthe Charlty
In the twefve month pen'od lo 31.01.23 the Sustainatde Fibre Al1rar￿e ISFA} expanded ils activrties whilst .*..'
strengthening the administration fvnctions that support it. SFA'S activities and scope of influence have expanded
due to the chartys increased Interact￿ wth internab.onal partrws. Membership has remained stable whilst we
have had increased c￿trIbUt￿n$ from project *fjrk arKJ registrations I￿ SFA'S cha￿ of Custody program.
b. Revlew of activlties
In 2022, the SFA saw her¢Jer communrties ioiThng SFA have almost th)ubled in number from Ihe wevious year
across China and Mongolia.
The SFA continued ils increased focus m training and engagement wi1h herders and supporting mèrket,...
connections for respwsibly produced cashmere. In 12 Mlhs lo 31.01.23, SFA'$ certification and work
programme continued to ir￿ease its participants. This has led to demand for SFA fibre increasing. bringing
beneffts to the herders vtho predu￿ rt ￿th in the SFA standard.
This would not have been p0￿ble wthout our membets. c￿e support. the tireles5 Work of our team in the UK
antl Mongolia. and the commitment and dedication of our Strateg￿ partner in China IICCAW, that has ensured
SFA is in an inwsing p￿tsOn of strength to athieve the ctsiectives described above.
Th• SFA global standards and certification programm• strengthened and dev•10￿d
Following tsvo years of revision and consuttatr"on, the SFA launched ils new global standard system in December
2022. The SFA Cashmere Standard defines best praCtI￿S for responsble cashmere production. The standard
vers the most pressing susLiinability issues associated wilh fibre production and outlines the intended
outcomes achieved through the standard's adoption; the standard Tevision and consutiations folk)wed a rigorous
mullistskeholder, scIen￿based review process. putts"ThJ peO￿e at its heart and actively engaging herders,
maintaining SFA'5 commitment to the 1ntemakn.onal sw.al ar￿ Envifonmental AC￿edItation and Labelling
Alliance's IIS6ILI Standard Setting Code and adherence to transparency.
Page 3

SUSTAIMABLE F18RE ALLIANCE
IA company Ilmited by guarantee
TRUSTEES. REPORT Icoi¥nNUED)
FOR THE YEAR ENDED 31 JANUARY 2023
A¢hiev•ments and performance (continued)
Supportlng. women and youth beyond slandard Impl•ment*tk>n
Beyond slandar(J setting and implementation we continue to support V•tynen. ywth communilies across the
regions in which we Wofk, examples of our is as fdk)ws'.
Women's empowerment prwam involved over 10(K) herding Y+￿Men in the Cashme￿ supply chain.
supported by J Crew.
Young herders education program beneffted a total of 760 sdwl children from 7 schools, across 4
regions of Mongoli8". SUPPOrted by Johnslons of Elgin.
Community governance development support and training- financial trairing provided to the herder
communty kaders lo iKsease th￿r financial re￿IlenCe. This work was supported by Khan Bank.
SFA herder cooperalives received 'Green Loan- finarte fr¢)m Khann bank al preferential rates. 37 Herder
etroperatives benefited from thi8 program.
Looklng forward
In 2023, the SFA will continue lo deeFen impact aUOS5 our herder communits.es and further seale our
standard across new chosen countries.
It ts becoming ¢v¢r dearer that the urgency of our mtssK)n in suppth'ng biodiversty, and increasing need to
build resilience against the climate needs systemic change * natw)nal and inl8rnational level and that
sl9n￿c8nt scaling up of funding is requi￿￿.
We wll wntinue to facilitate sector wide collaborations and create an enabling environment for an integratèd
landseape approach for rangeland suslainabilty lo drive change at scale in partnership wrth local, regional.
national and intematicffial partner5.
The stsndard and best prath.ces that SFA has developed have the potential to help wder rangeland-based
livestock sector value chains, enabh'ng foundations for a systematK approach to reduce vulnerabilty to climate
change and enhance the resilience of herdef wmmuniti'es globally.
Financial review
. Golng Concern
After making appropfiate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in opeth'onal existence for the foreseeab￿ future. For this reason, they continue to adopt
the going concern basis in weparir¥J the financlal statements. Further details regarding the adoption of the going
concem basis can be found in the accounts"ThJ poliues.
Page 4

SUSTAINABLE FIBRE ALLIANCE
IA company limited by guarantsel
TrUSTEES' REPORT ICOP¥llNUEDI
FOR THE YEAR ENDED 31 JANUARY 2023
b. Reserves polky
The Trustees have adopted a policy of hawng minimum total reserves of £50.0(M). in order to guarantee_
ontinuity of charita￿e activrties. The Trustees will further revRw this policy as the activities of the Charity
ontinue to grow. The Charivs reserves at 31st January 2023 amounted to £95,649 {2022.. £53,366}.
Free reserves at 31 January 2023 were £77.765 12022:.£10.9791.
Page 5

SUSTAINABLE FIBRE ALLIANCE
(A company Ilmited by guarantse)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENOED 31 JANUARY 2023
Structure. govornance and managemenl
a. Constitutlon
The company is registered as a Charit*￿ company limited by guarnnlee itorporaled in England and Wales. It
was set up by Artides of A$s￿latIC￿, ¢Jated 14th Januwy 2015 and then amended on 4th February 2016.
The company was granted tharilable stalus ￿ 24th Feb￿￿ry 2016 and is a registered charity number 1165742.
b. Melhods of appointment or election of Trustees
The management of the eompany is the responsibilty of Ihe Twslees. who are elerAed by ordinary resolution by
the exists.ng Trustees in accOrdar￿ vthh the companys art￿e$ of association.
¢. oryanIsa￿0Tra1 strncture and dKlslon-maklng pollcles
The charity is managed by rts Board. which cong$1s of rts Chair (also a Trusteel, its CEO {also a Trustee}, and
four other Twslees. Management of day to day operations is delegated to the CEO, supported by teams in the
UK and in Mongolia. The Charity Commis$i¢)n hove granted pemission for the CEO lo draw remuneration for
her services as CEO as well as being a Tnjstee.
d. Rlsk managemenl
SFA have a Risk Register proeedure in pl&e for evaluab.ng the strategic. cyerational. ffinance and compliance
risks that the charty is exposed to. The Risk Register is used to suppcwt the identrfication and evaluation of risk.
as %vell as the desKJn and implement effeth.ve measures, not onty to reduce risk and limit the impact if such risks
materialise. Trustees regularty assess the major risks to charity is exposed, in particular those
related to the operations and finances of the ¢harty, both in the UK and in Mongolia. The Trustees have
assessed both the impact and likelihood of each source of risk and are satisfied that systems and procedures
are in place lo mits.gate our expKJ5ure I￿re ever FM)ssible.
Plans for futsre perlods
The tyeosion was tsken to revise the SFA codes rf PTacti¢e structure into a global voluntary standard with
consistent implementsbon befvfftn counln"es. ensuring that all certffied producers and processors apply critical
social, enV1￿Ments1 and animal Welfa￿ urteria. As a membership alliance. it has been crucial lo use Ihis
revision as an opportunity lo gain consensus and a deeFer understanding of the links between the latest
scientific understanding and tTaditional knowledge, pracb.ces and ￿rtO￿anCe an¢J to gamer buy-in antt support
frorn a balance of stakeholders Igovemmental, academic, NGO'S. producers). In line with ISEAL best practices,
the muf(islakeholder outTeach continues lo allow for targeted stskeholder input and public consultation, lo ensure
breadth and depth of expertise invdvement for a robust standard and a$swa￿e system that generates Credible,
positive change to the SFA and the communibes in vthich Y￿ supm.
The development and implementation of the Global stpA)dard act as a catal￿1 for continuous, measurable
improvements by producers and processors around environmental, swal and animal welfare issues. AloThJside
this, the SFA wll continue to engage in ￿￿JectS which chamyon sustsinable development and address specific
issues or blocks to sustainable development along the cashmeie value chain. Strong partnerships with a variety
of trusted and esteerned projeet partners have been cemente{1 and are belng fvrther developed. These indude
membership engagement on projects addressing iSSL*S 1￿Ch as John Lews, support of Produeer
Cooperatives. J.Crew support of Women's Emwjwerrnent projects and y￿rg herder training supported by
Johnslon's of Elginl, with various UN agenoes (s{￿h as FAO. UNDP and UNIDO). NGOS Isuch as WWF}.
financial Institutions such as E8RD. World Bank and Khan Bank. academic institutions and espeoally ICCAW
Page 6

3USThJllABLE FIBRE ALUANCE
IA company lknlt•d ty ouarnnt••)
TRUSTEES. REPORT ICONTINUEOI
FOR THE YEAR ENDED 31 JANUARY 2023
Plans lorfutsr• p•rfods I￿￿1n￿od1
I￿r pfjrtrw In Chiw This app￿￿ l* ensuffj a coh•rwrt effort Ihat supports SU8t8inabilty In the caghme
industy that herders. IIAir l•rnlw' Ir¥*h)ots *l*e *)blrorthenlal Impxt and raisl
8nimal wfjllare.
Wth the current Global le￿ on ￿ effedi¥￿ ol suslainabThty in1b*N￿. tho introduclion Df ￿lCoMed
r•gul4lton (especial￿ afound •nvnrwnental daims a￿1 due d1pJe￿I and increased ty corporatos. SFA
action along the end40￿ ¢a$hrneTe vau8 ¢tr0in.
Sl•lem•nt of Trugt•ts' rnsponslbilitl••
The Trustees Iwbo are th Ihe of tr* Charty the wrymes of ecmpany law) are responsble for
preparing the Tru5tees' rwt aKI the fina￿￿al stslem8nts accLxilance wrth applicab￿ and United
Kingdm Accolurting Stand8rd$ Iunited Ggnernltyknemed A¢GountYg Practtt}.
Company law rewres the TnJstee8 to P￿p8ft financial slatemenls lor each fin8ncwl . Under Company law, th•
Tru8lees mu8t not approve the financial $18temonts unless they arn satthd thal they givo a true and fair vw of
the state ol affairs ol the Chanty and CA Is inccrring M$cw￿$ and 8Wication of resourcos. induding h8 Incomo
8nd expenditure, forthat pelic￿. In prèp*ing Ihese financid slat•nen18. theTn￿5 are required to..
select surtablo armunting pokr88 and then appty o>nststenty,
obseThe the n*thods ar¥J princw oftr• Charilie6 SORP (FRS 102):
make I￿19MentS and ￿coUrt1r￿ e51imatsS that are reo¥xth and wudenl
sMe whether 8pplicabl8 UK ALrounting Stsnd•rd$ FRS 102) been folknA*d. subpd to ary m•twi•l
departur￿ diydosed and explained m thB finwK4al st*eMe￿.,
prapafv the ffinancia ststements on wrvJ ¢onwn b06is unless l 15 in•ppropriote to prosume that the
Charity will c￿tinUe in busine$8.
the Chartys lrnnsactiM$ •xl disdose wrth rn•sonabbe x¢urn¢y at any time the financiol position of th8 Chawity
and enable them to enyjre t1￿¢ IhB finan¢i81 ststWTKnts ¢ompty wrth the Ccmpanies Act 200S. Th8y are also
responsible for safeguardin9 the assets of the Charity and herK* for t*ing reasonable steps lor the prevention
and detection offraud Ond dhgr
pwo4•d by ots¢fthe M￿)berS of thg bowd ￿T￿￿tee5 ar•J sIg￿j M th8Sr behalfty.
go
Un8 Jono¥
Chief ExeoJts¥e
LoiioIIOLS
Page 7

SUSTAINABLE FIBRE ALLIANCE
{A comp•ny Ilffllted by guarantee
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2023
Indopendent Examinerfs Report lo the Tn￿te•S of Sustalnable Flbre Alllance {Ihe Charltyj
I rep)rt to the charity Trustees ￿ my examinat￿ of the accounts of the Charity for the year ended 31 January
2023.
Responslbllltles and Basb5 of Report
As the TfU$tees of the Charty land its direclrxs for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of Ihe Companies Act 20C6 Ilhe 2006 Act?.
Having Satisf￿ myseK that tt* accounts of the Charty we rtrJt required to be aL￿rted under Part 16 of the 2006
Act and a￿ eligible for independent examination. I rew)rt in respect of my examination of the Charitys accounts
carried out under seth.on 145 of the chanb.es Act 2011 {Ihe 2011 Act'l. In carrying out my examinatson I have
followed the Direetions given by the Charrty Cc*xmisgon under seclion 1451511bl of the 2011 Act.
Page 8

SUSTAINABLE F18RE ALUANCE
IA company limlted by 9uarantee)
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JANUARY 2023
Independent Examlnefs Statement
Since the Charitys gross irwme exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualtfied to undertake the examinabon because l am a member
of the Institute for Chartered Accountants in England artd Wale5. which is one of the listed bodies.
I have completed my examir*knn. I confim that no matters have come to my attention in eonneetion wth the
examination giving me cause to believe..
accounting records were not kept in ffjSFeCt of Charity as reqiired by secaion 386 of the 2006 Act", or
the accounts do not accord with UK¥se records." or
the accounts do Th)t compty with the accounkn.ng requirements of section 396 of the 20C6 Acl other than
any requirement that the accounts give a and faif view is not a matter cOns￿ered as part of
an independent examinab'on" or
the a¢￿Unts have not teen p￿Pared in xcrKdance wilh the meth¢>Js and principles of the Slalement of
Recommended Practice for accounting and ￿PortIng by Chant￿ lapplicable to charities preparing their
accounts in accordance with the Finanaal Rewrting SlarKlard appliCa￿e in the UK and Republic of
Ireland IFRS 102)1.
I have no concems and have come aL¥oss no other matters in eonnectKJn with the examination to thch
attention should be drawn in this report in order to end￿e a proper understsnding of the accounts to be reathed.
Thls report is m•Ye sdely lo the Chèrivs Trustees, as a t￿y. in accordance wth Part 4 of the Charities
IAccounts and Reports} Regulations 2008. My work has been undertaken so that I might state to the Charitys
Trustees those matters l am required to stste to them in an IrKJependenl examinerfs fewt and for no other
purpose. To the fullest extent pemitted by law, I do not accept or assume resw)nsibility to anyone other than the
Charity and the Chariws Trustee5 as a b(MJy. for my wth or for this report.
Signed".
S J Tweedle
8Sc FCA DCh4
WR Partners
Chartered Accounlanls
Belmont House
Shrewsbury Bu&ness Park
Shrewsbury
SY2 6LG
Page 9

SUSTAINABLE F18RE ALLIANCE
IA Company Ilmlted by guarantee)
STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOLINTI
FOR THE YEAR ENDED 31 JANUARY 2023
As reslaled
Tolal
funds
2022
Restrlcted Unrestrlcted
funds
fund$
2023
2023
Total
funds
2023
Income from:
Donations and legaoes
154.170
620,918
775.088
529,038
Total Income
154.170
620.918
775.088
529,038
Expenditu￿ on:
CharilabK8 actiwbes
212h13
555.392
767.806
557,020
Tol•l ¢xp•nditurn
212,413
555.392
767,805
557,020
Net lexpendilureVincom•
Transfers be￿een lunds
158.2431
11.334
65.526
(11.3341
7,283
(27.982)
14
Net movement In funds
146.9091
54,192
7.283
(27,982)
Reconcillatlon of funds:
Total fund5 brought lo￿ard
Nel movement in funds
58.522
146.909)
88.366
7.283
116,348
{27.982)
64.192
Tolal funds carrled forwanl
11,613
84.036
95.649
88.366
The Slalement of Finanaal Act￿￿leS includes all gains and losses recognised in the hear.
The ￿ on pages 14 to 28 fom) part of these finarKial statements.
Page10

SUSTAINABLE FIBRE ALUANCE
IA company lirnited by guarantee)
REGISTERED NUMBER: 09389265
BALANCE SHEET
AS AT 31 JANUARY 2023
2023
2023
2022
2022
Note
Fixed assets
Tangible assets
6.271
5.823
6.271
5,823
Current assets
st￿ks
Deblo
Cash al bank and in hand
10
11
827
273,400
111,528
246, 720
97,098
385.755
343.818
CredilcKs'. amounts fallin9 ¢*Je *ithin one
year
12
1296.3771
(267,275)
Net current assets
89.378
82.543
Totsi •ssets less curr•nt liabilities
95.649
88.366
Net assets
95.649
88.366
Total net assets
95.649
88,366
p￿ell

suST￿NABLE FIBRE ALUANCE
(A company Ilmtted by guarante•)
REGISTERED NUlJlBER: 0938926S
BALANCE SHEET ICONllNUEDI
AS AT 31 JANUARY 2023
2023
2Q2
Charfty fvrtd$
Re6tiicted fvnds
UnrestrKt•d fvryjs
14
14
11,113
,522
Tot•1 fund•
96.649
88.366
The Choi*iwas enlit￿ to exaiytton fr<*n urKlw stttion 477 olthe Comp•ni8s kl 2C#X.
The m&nber8 nrA requY•d Iht Curybary to ci*ain for ts y8ar in wrAJrfance
8e¢tiw 476 of CompoThes kt 20CO.
The Twstees acknothedge thetr r8spMsibfjties for *ith the rewirnments of tho Act Tthith re8pect to
The fmancial statsments havg b8gn In ac¢MlarKe the prtr*iwm to entit*s subject to
the small compan￿$ regwn8.
Tho fmarK4al sl*anonts V•we 4pwob*d and fty Muo byth• Tw6t••s and signed M their behalf by..
Una Jones
Chief Ex•cutTrn
Date. ts>14 019A)LS
Th¢ ¢)n pag¢¥ 14 to 28 fom part ofthe88f*)•ncial slatem
Page 12

SUSTAINA8LE FIBRE ALUANCE
(A company Ilmlted by gu•Antee
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDEO 31 JANUARY 2023
2023
2022
Cash flows from operatlng adlvlues
Net cash used in operating actwrties
17.913
3,234
Cash flows from Investln9 acllvltles
Purchase of laThJi￿e fixed assets
13,4831
(5.452)
Net ¢•sh used in investing a¢bvities
13.483)
(5.4521
Cash flm from financlng acthttles
Net cash provlded by flnanclng actlvltles
Change In cash and cash equfvalents In the year
Cash and cash equi4talents al Ihe beginning of the
14.430
{2,2181
99.316
97,098
ash and cash equivalents at the end of the year
111.528
97,098
The notes on pages 14 to 28 fom part of Ihese fina￿la1 statements
Page13

SLISTAINABLE FIBRE ALLIANCE
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
General information
Sustainable Fibre Alliance is a charitable company. limrted by guarantee and inwporaled tn England and
Wales. The mernters of the charity are the trustees named on pa9e 1 of these accoun1$. In the evenl of
the charitsble company being wound up. the liabilrty in respect of the guarantee is limited to £1 per
member ofthe tharitable company.
Accountlng pollclos
2.1 ￿$1$ of preparatlon of finan¢lal statements
The finanual slalemenls have been prepared in a¢￿Idance with Ihe Charities SORP IFRS 1021-
Accounbng and Reporting by Charit￿$.. Statement of Recommended Practice applicable to charities
preparing their accounts in acccxdance wrth the Finanaal Reporting Standard appliCa￿e in the UK
and Republi¢ of Irdand (FRS 102} (effective 1 January 20191. the Finanual Reporting Standard
applicable in UK and RepU￿1C of Ireland IFRS 102) and the Companie5 Act 20C6.
SustainatAe Fibre Alliance meets the definition of a public benefit entsty uThJer FRS 102. Assets and
liabilities are inibally recognised at historical cost ¢X transaetK>n value unless othewse Slated in the
relevant accounting pdry.
2.2 Going concern
After making enqui￿$, tr* Trustees have a reasonable expectabon that the Charty has adequate
resources to eonbnue in opelalional existence for the foreseeable future. The Charity therefore
conts.nues lo adopt the gtyn9 ￿cern ba￿S in prepariThJ its financial statements.
2.3 Incom•
All income is reccgnised once the Chanty has errtrtlement lo the income, it ts probable that the
income wll be retsNed and the amount of incg)me receNable can be measured reliably.
other income is re￿nised in the period in which il is receivatAe and to the exient Ihe goods have
been Pro￿ded or on compleb.on of the seNKe.
Subseriplion income is rec￿niSed when memters undertake to join or renew bul is Ireated as
deferre¢J to the ex1ent that rt ￿MeS to the unexpired membership tenn..
Page 14

SUSTAINABLE FIBRE ALLIANCE
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
ountlng polklgs Icontlnuedl
2.4 Expènditu
Expendilure is recc•3nised once Ihere is a legal or tXffl$tr￿tIYe 0￿19allOn lo transfer 8cononN¢ benefit
to a third party. rt is probab￿ that a Iransfer of economic benefits Voill be required in settlement and
the amount of the oblHJation can be measured reliably. Expenditure is dassified by activity. The costs
of each activity are made LV of the lotsl of dire(* costs and shared costs. inclLtding support ctssts
invdved in undertakiThJ each activity. Direcl costs at1n'buta￿e to a single acts'vity are allO￿ted directly
to that actiwty. Shared costs whith contribute to more than one activity and support costs which are
not attribula￿e to a ￿ngle actNity are apportNJned be￿n those aCtivrt￿s on a basis consistent w¢lh
the use of resources. Central staff eosts are allocated on the basis of ts.me spent. and depreciation
charges allocated M the portion of the assefs use.
Expenditure on chanta￿e aclivibes is incurred rffl direclty undertakir¥J activilies vthich further the
Charitys ¢)biectsves, as well as arry associaled support costs.
l expenditure 1$ induwve of irrecoverable VAT.
2.5 Foreryn currencles
Monetary assets and l￿bIll￿e$ denominated in foreign C￿rren￿e$ ￿ tran￿ated into sterfing al rates
of exchange ruling at the reporting date.
Transacti￿5 in forwgn currencies ¥e translated into sterling al the rate ruling on the date of the
transaclion.
Exchange gains and losses are reo)gThsed in the Statement of Finanek81 Activrties.
2.6 Tangible fixed assets and depreclation
Tangible fixed assets are initi.ally recognised at cost. After re￿nItiOn, under the cost model, tsngible
fixed assets are measured at ￿$1 less ac￿MUlated depreaation and any a￿M￿lated impairment
losses. All costs incurred to bring a twigiNe fixed asset into its intended %%r•rkn'ng condili¢)n should be
induded in the measurement of cosL
Dyeoation is tharged so as to allo¢*e the ￿$1 of lang1b￿ fixed assets less Ih8ir residual value
over Iheir estimated usefiA lives. ugng Ihe strawht-Iw￿ method.
Depfeciation is pwded on the fdl(ywng basis..
Off￿ equipment
33% Stra￿N-line
2.7 Stocks
Stocks are valued at the lower of cost aThJ realisable value after making due allowance for
obsolete and slow-moving stocks.
2.8 1)ebto
Trade and other debtors are reeognised at the setdemenl amount after tny trade th$count offered.
Prepayinents are valued at the amount prepaid net of any trade discounts due.
Page1S

SUSTAINABLE F18RE ALLIANCE
IA ¢¢mpany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Accountlng pollcle51cont5nued)
2.9 Cash at bank and In hand
Cash at bank and in harKI indudes eash and short-temi h.ghty IiquKI investments a short maturrty
of three months or less from thè date of acquisi11￿ or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an ct)ligation at the Ba￿￿8 sheet date as a resutt of a past
event. il is probable that a transler of economic be￿fil will be rewired in settlemenl, and the amount
of the settlement be estimated reliably.
Liabilities are recogni5ed at the amount that the Charity anticipates it VAI pay lo settle the debt or the
amount il has received as advanced payments for the goods or seNices it musl provide.
Provisions are measured at the best estimate of Ihe amounts required lo settle the Obl￿a￿on. Where
the effect of the time value of money is material. the provision 1$ based on the present value of those
amounts, discounted al the pre•tax disccyjnt rate that reflects the risks SPeaf￿ to the liabilty. The
unwinding of the discount is rewgnLsed in the Statement of finanaal activitie5 as a finance cost.
2.11 Financial instfuments
The Charity only hos fina￿[al assets and financial liabilthes of a kind that qualify as basie financial
instruments. Basic finarrial instrumen15 afe inits.ally recognised at transaction value and subsequently
measured at their setllemenl value wrth the exception of bank h)ans whith are subsequently
measured al amortised cost uyng the effectwe interest meU)od.
112 Pensions
The Charity operates a defined contribution ￿n$11)n scheme and the pensi¢)n charge represents the
amounls payable by the Charity lo the fund in respect of the year.
113 Fund aecountlng
General fvnds a￿ unreslricted fuThJs vthich are available for use al the discretion of the Trustees in
furtherance of the general obJectNes of the Charity arKI vknich have not been desgnated for other
purposes
Re$tri¢ted funds are fund5 whth are to b8 used in accordance speafie reslrietions imposed by
donors or %￿ich have been raised by the Charity for parts"cular purposes. The costs of raising and
adminislellng suth funds a￿ charged against the speufic fund. The aim and use of each restric¢ed
fund 15 Sel out in the notes to the financial stateffl￿ts.
Page 16

SUSTAINABLE FIBRE ALUANCE
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Income fvom donations and legacles
As restated
Total
lunds
2022
Restrlcted Unrestrlcted
funds
funds
2023
2023
Total
funds
2023
Donalions
154.170
620,918
775.088
529,038
Total 2022 as Trst8ted (see nole 13)
106,496
422.542
529,038
Analysis of ex￿ndI￿re on Charitable a¢tivltles
Summary by fund type
Restvicted Unrestricted
lund$
funds
2023
2023
Total
2023
Total
2022
Charitabte Actwil
212,413
555.392
767.806
557,020
Totsl 2023
212.413
555.392
767.805
557.020
Total 2022
63,036
493,984
557.020
Page 17

SUSTAINABLE FIBRE ALLIANCE
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 JANUARY 2023
Analysls of expenditure by activities
Actlvittes
undertaken
dlreetty
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
ChariLible Activrtes
488.3
279.505
767,805
557,020
Totsl 2023
488.300
279,505
767,805
557.020
Total 2022
363. 169
193.851
557,020
An•lysi$ of direct costs
Total
funds
2023
Total
funds
2022
Activities
2023
Staff costs
Charitable project costs
Conferenee eosts
Training and accre1lrtat￿ costs
Research costs
Mongolian latwJur tharges
176.160
34.862
17.457
230,334
2,898
26,589
176,160
34.862
17.467
230.334
2.898
26.589
198,976
45.078
2,041
69,311
1.260
46.503
Total 2023
488,300
488,300
363. 169
Tot812022
363, 169
363, 169
Page18

SUSTAINABLE F18RE ALLIANCE
IA company Ilmlted by guaTantstl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Analysls of expèndlthre by athltles (eonllnu•d)
Analysis of support costs
Total
funds
2023
Total
funds
2022
Activities
2023
Staff cosls
Depreciats'on
Travel costs
Office expenditure
Finance eosts
Communications and internet
Rent and rc*)m hire
102.951
3.0&8
32.849
19,554
8.105
35,446
422
3.414
12,542
4.154
57.032
102.951
3.036
32.849
19.554
8.105
35.446
422
3.414
12.542
4.154
57,032
41,840
2,206
T,395
17.743
2.332
14,230
Insurance
Other experKll￿re
Other staff costs
Mongolian lal)our charges
10,302
97,803
Total 2023
279.505
279.505
193.851
Total 2022
193,851
193,851
The analysis of the 2022 comparative figures has been ffjstaled to refieet a more accurate allttalion of
costs in line eurrent year figures.
Independent examlnerfs remunerntlo
2023
2022
Fees payable to the Chartys independent examiner fLY the independent
examination of the Charitys annual accounts
3.570
2. 760
Page 19

SUSTAINABLE FIBRE ALLIANCE
(A company IlmSted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Stsff Costs
2023
2022
Wages and salaries
Social S￿urity costs
contributic￿ to defined contribution pension schemes
250.958
18.038
10,115
222,045
14,624
4, 147
279.111
240,816
The average number of persons emFAoyed by Ihe Charity during the year was as follows..
2023
No.
2022
No.
Employees
No employee received reM￿l*"0n amountirvJ to more than £60.OW in either ￿tar.
The infomation provided throughou¢ this note disdoses details for the charitable companls Workfor￿ in
the United Kingdom.
The avefa9e number of persons emplo>*d in the UK is six there are also three members of contract Staff
employed by the SFA in the UK. the cost of these is Presented in the accounts wthin both direct and
support costs in Note 5. The informalion wovided throughout this note discloses details for the charitable
companys workforce in the United Kingdom.
The chariL*Ae company 8lso has a team of 9 employèes in Monwh'a and 37 short-temi seryice
contractors for whom rt completes regulatory filing in MorKJolkq." the cost of this team is wesenled in the
accounts within both direct and support costs in Note 5.
Page 20

SUSTAINABLE FIBRE ALUANCE
IA company Ilmfted by guardnteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Tru$tggs' remun¢ratk>n and expenses
During Ihe year, the charty has paid a salary to the Chief Executive, Una Jones, who is also a Trustee.
The charty has obtained permissi￿ from the Chanlies CommiS￿On for Una Jones to be paid
remunerabon for her role as Ch￿f ExeculNe. The value of Trustees. remuneration and other benefits was
as loll¢)ws.'
2023
2022
Remunera11￿ {inc pension
Jntributions}
Pension c0ntr*xrt￿S paid
Una Jones
52,984
6,659
48,020
1.516
During the year ended 31 January 2023. expenses ￿talling £E.210 were reimbursed or paid directty to 1
Trustee (2022- £9031.Thi$ induded travel. accommodation. $usten￿￿e. meeb.ngs and training.
Page 21

SUSTAINABLE FIBRE ALUANCE
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Tanglble flxed assets
Offl¢•
equlpment
C05t or valuatlon
At 1 February 2022
Addrtions
.732
Al 31 January 2023
13,215
Depr8clatlon
Al 1 February 2022
Charge for the ￿al
3.909
3.035
Al 31 January 2023
Net book valug
At 31 January 2023
6.271
Al 31 Janu8ry 2022
5.823
10.
Stocks
2023
2022
Finished g&)ds and 9￿d6 for resale
827
Debto
2023
2022
Due withln one year
Trade debt¢ys
Other debtors
Prepayynents and a¢￿[￿1 income
267.350
246.609
111
6,050
273,400
246, 720
Page 22

SUSTAINABLE FIBRE ALLIANCE
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
12. Credllors: Amounts f•lllng due within one year
As restated
2022
2023
Trade creditors
Llher taxation and social secur
Other creditors
Accruals and deferred income
14,805
20,364
3.422
257,786
10,506
5. 720
1,891
243, 158
296.377
261.275
13.
Prior year adjustm•nts
During the prior year income was received fcf membership on a rollirvj 12 month basis. A proportion of
this income related lo 2023. A prior year adjustment has been made to restate this income as deferred
wthich has resulted in a fall in I￿Orne and opening reserves of £240.164 and a corresFX￿dlng increase in
credilors of £240,164.
Page 23

SUSTAINABLE FIBRE ALLIANCE
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
14. Statement of lunds
ststemenl of f•Jnds- ctsrrent year
Reststed
Balance al 1
February
2022
Balance al
Trangfets 31 January
Inloul
2023
Income EX￿nd11￿re
Unrestricted funds
General Funds- all funds
620.918
($55.392
84.036
Restrlcted funds
EDRB Project
Young Herder Trainin9
Programme
Small RLwninanis Project
UNDP Project
Volume Based Fee
ACEBA Afganistan
Apprenticeship
30.741
8.279
138.614)
406
10,000
{19.516)
{11.419)
116.6631
(119.247)
1.936
10.000
6.330
1,419
668
9.247
110.000
6.226
10.000
6.226
16.954)
58,$22
154.170
1212.413)
11,334
11,613
Totsl of fvnds
ns.OBB
1767.805)
9S.649
Page 24

SUSTAINABLE FIBRE ALLIANCE
IA ¢ompany lirnlted by guaranlee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
14 Stat•mont olfunds q¢ontInu￿)
Statement of funds- prlor year
Restated
Balance at
31 January
2022
Balanc8 81
l Febmary As Trstated
2021
Income Expenditure
Transfe
inloul
Unrestrkted lunds
General Funds- all funds
112.244
416,059
(493.984)
(4.475)
29.844
Restricted funds
EDRB Project
ExpK)rt Developmenl Project
Empoweimenl of Women
Project
Young Herder Training
Programme
Small Ruminants Project
UNDP Project
3.554
45,198
(18.017)
(1.893)
30.741
1.343
(43, 132)
3.132
11.451
10.1
6.330
11,451
10,000
6,330
4,104
7 12.979
(63,036J
4,475
58,522
Total of funds
116.348
529.038
(557,020J
88.366
15.
Summary of funds
Summary of funds- cufferrt year
Balance at 1
February
2022
Balance at
Transfers 31 January
Inlout
2023
Income Expendlture
General fiJnds
620.918
154.170
1555.3921
1212.4131
(11.334)
11.334
84.036
11.613
Resth"cted funds
$8.S22
88.366
775.088
(767,8051
95.649
Page 25

SUSTAINABLE FI8ftE ALLIANCE
IA company IlmSted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
15. Summary of funds (continued)
Summary of lund5 - pTioT year
Balance at
l Febwary As resfal8d
2021
Income Ex￿nditure
Balance al
31 January
2022
Trnnsfe
inloul
General funds
Reslrided funds
t12.244
4. 104
416.059
112.979
(493,984)
(63,036)
(4.475)
4,475
29,844
58,522
116.348
529,038
(557.020)
88,366
16. Anaty$l$ of net assets between funds
AnalysSs of net assets bet￿n funds- current yeai
Restricted Unrestrbcted
funds
funds
2023
2023
Total
fvnd¥
2023
TarvJible fixed assets
Current assets
Creditors due wthin one year
6,271
374,142
{296.377}
6.271
385,765
{296.3771
11.613
Total
11.613
84.036
9S.649
Anatysls of net assets between funds- prior y￿r
Restaled
Rest17Cted un￿s1￿Cted
fvnds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Current assels
Creditors due *ithin one ￿aT
5.823
5.823
285,296
343.878
(261,275) (261.275)
58.522
Totsl
58.522
29,844
88,366
Page 26

SUSTAINABLE FIBRE ALLIANCE
(A company 1Smlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
17.
Reconciliation of net movement in funds to net Il¢>w from opernting activities
Rest8ted
2022
2023
Net in¢omelexpenditure for the year {as per Stslemenl of Financial
Activities)
7.283
(27,982J
Adjustments for:
Oepreciatson charges
Oeerea5ellincreasel in stocks
Inuease in debtors
Inuease in creditors
3.035
{8271
126.6801 (209,309)
35.102
238,319
2.206
Net cash provlded by op•ratlng a¢tl¥ttl•s
17.913
3,234
1& Analysls of cash and cash equfvalents
2023
2022
Cash in hand
111.528
97,09810*
Total cash and cash equivalents
111.528
97,098
19. An•lysi$ of ehanges in net debt
At1
February
2022 Cash flow5
At31
January
2023 .
Cash at bank and in harvj
97,098
14,430
111,528
97,098
14,430
111,528
Page 27

SUSTAINABLE FIBRE ALUANCE
IA cornpany Ilmtted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
20. Penslon c¢mmhments
The Charity opefates a defined conth'bution pension scheme. The assets of the scheme are held
separatety from those of the charity in an independently administered luThJ. The pension cost charge
represents contnbutions paid by the charity to the fund and arnounled to £9.593 12022". £4,147).
contribub.ons of £3.422 (2022.. £1.891) were payaNe lo the fund at the tsala￿e sheet dale and are
induded in Creditors.
21. R•lated party ttsnsacti¢)n$
There have been no payments matje to Andreas Wilkes (Trusteel in the 12 mths to 31.01.202312022'.
£20,000). The payment was lo carry out a scowng research prq'ect as a con5Urtanl WTth expert skills in
Land Management the Chinese language. This work is out￿de of the remit of the board Iru51ee.
This year, Charles Hubbard ￿r￿Stee ￿gned 30111r20221 has been paid £30.484 {2022".nil) for setting
up the accre(Fitation system in Mongdia. He was able to (k) this due to his specific and exlensive
expertise in standard setting and assessment syslems. This role went far beyond the role of a Charity
Trustee.
The daughter of Chades Hubbard ffrustee resigned 30111r2022) is employed by the charity and
rKeived a salary aTrJ beneffts of£20,16612022: £20.079).
Page 28