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2025-04-01-accounts

Concrete Jungle Foundation CIO

Charity Number 1177490

Trustees’ Annual Report and Accounts for the year ended 1st April 2025.

Table of Contents

Reference and administrative details 2
Structure, governance and management 2
Objectives and activities 3-4
Achievement and performance
Impact : CJF’s grant system 5
Peru 5-6
Morocco 7-8
Jamaica 8-9
Highlights 9-10
Mirleft Skatepark Construction
Opportunities for PSA apprentices
Edu-Skate Worldwide Network
Organizational improvements and achievements 11
Reshaping our support model
Working environment
Communications & Development 11
Financial Review 12-16
Receipts and payments Account for the year ended 1st April 2025
Statements of Balances as at 1st April 2025
Statements of assets and liabilities as at 1st April 2025
Notes to the Accounts for the year ended 1st April 2025

1

Reference and Administrative details

Charity name: Concrete Jungle Foundation

Other names the Charity is known by: CJF

Charity registration number: 1177490

Principal address:

Flat 2 Down House 22 Broadwater Down Tundbridge Wells TN2 5NR

Website: www.concretejunglefoundation.org

Structure, Governance and Management

Concrete Jungle Foundation was registered as a Charitable Incorporated Organisation on 9th of March 2018 and is governed by Constitution.

Current Trustees (31 March 2025):

Morgan Love (appointed on the 2nd of March 2025) Tom Critchley (appointed on the 1st of March 2025) Clément Taquet (appointed on the 1st of March 2025) Harry Gerrard (appointed on the 21st of October 2021)

Resignation of

Eugenio de la Oliva Ramos (resignation on the 15th of May 2024) Alexia Croft (resignation on the 21st of February 2025) Huw Wright (resignation on the 31st December 2024) Hanifa Blakemore Razaq (resignation on the 31st December 2024)

International Staff:

2

Objectives and Activities

Mission: To empower disadvantaged individuals and communities worldwide through fostering and sustaining the positive values inherent to skateboarding.

The objectives of the charity are:

1) To empower disadvantaged individuals and communities worldwide through fostering and sustaining the positive values inherent to skateboarding.

2) To promote community participation by building socially active spaces which provide positive outlets and opportunities for the underprivileged in habitants of those areas.

3) To provide skateboarding facilities in the interests of social welfare for recreational use of individuals who have need for such facilities by reason of their youth, disability, financial hardship or social circumstances with the object of improving their conditions of life and well being.

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit and have followed it to the best of our abilities.

The strategies employed to achieve the charity’s aims and objectives are:

a) To construct professional quality skateboarding parks, within impoverished communities, that otherwise lack adequate social and community spaces.

b) To run free-of-charge youth-based programming aimed at personal development to 6-16 years old

c) To employ and provide learning and working opportunities to 16+ years old

d) To provide organizational support to empower local people to manage the facilities.

Putting these strategies in action we are active in 3 countries; Peru, Morocco and Jamaica.

Morocco:

CJF Morocco currently works at the Fiers et Forts Skatepark, located at the Centre Fiers & Forts children’s home in Morocco, and today offers daily youth programmes to the 36 children living there + for an additional group of 165 children from the surrounding area. The skatepark and youth programmes are managed by local and international staff.

CJF Morocco reaches around 50 children and young adults per week and runs 3 programmes that promote health and well-being, access to education, community development and economic growth :

  1. Edu-Skate programme

  2. Open Skate sessions

  3. Enrichment activities

3

Jamaica:

Freedom Skatepark Foundation empowers individuals and communities within the greater Kingston area at the Freedom Skatepark, located in 8 Miles, Bull Bay, Jamaica. Working in solidarity with young adults in Bull Bay, the project is run by and for the Jamaican youth who undertake teacher, mentor, and advisory roles at the skatepark and in their communities. With community organizing as the central approach, we invest in improving the quality, relevance, and gender-responsiveness of education so the at-risk youth can receive soft, foundational, and hard skills they need to shape their own futures.

The Jamaican entity ‘Freedom Skatepark Foundation’ took full responsibility of the operations and finances of the facility at the start of 2024, and reaches an average of 50 children and young adults per week through 7 programmes that promote health and well-being, access to education, community development and economic growth:

  1. Edu-Skate programme

  2. Get-on-Board programme

  3. Community activities programme

  4. Homework programme

  5. Enrichment activities

  6. Girls Skate sessions

  7. Community events

Peru:

CJF Peru empowers individuals and communities within the greater Trujillo area (Northern Peru) through fostering life-skills and values inherent to skateboarding and transferable beyond. Working in solidarity with young adults in Trujillo, the project is run by and for the Peruvian youth who undertake teacher, mentor, and advisory roles at the skatepark and in their communities. With community organizing as the central approach, we invest in improving the quality, relevance, and gender-responsiveness of education so the at-risk youth can receive soft, foundational, and hard skills they need to shape their own futures.

CJF Peru works across 2 locations in Trujillo and has their headquarters at the La Rampa skatepark in Cerrito de la Virgen. CJF Peru reaches an average of 60 children and young adults per week and run 5 programmes to promote health and well-being, access to education, community development, economic growth and gender equality:

  1. Edu-Skate programme

  2. Open Skate sessions

  3. Enrichment activities

  4. Girl Skate sessions

  5. Homework programme

Monitoring, Evaluation & Learning (MEL) Framework

CJF evaluated their impact along the lines of the 2030 Agenda for Sustainable Development, which was adopted by all United Nations Member States in 2015. The agenda delivers a common plan for peace and well-being for people and the planet,now and into the future. CJF’s work focuses on the following Sustainable Development Goals in specific:

SDG 3: Good Health and Well Being SDG 4: Quality Education SDG 5: Gender Equality SDG 8: Decent Work and Economic Growth SDG 10: Reduces Inequalities SDG 11: Sustainable Cities and Communities SDG 17: Partnerships for the Goals

4

Achievements and Performance

Impact: the CJF Grant System

CJF impact model changed along with the organizational restructure in 2024: with the local partners assuming responsibility over their organization and operations, their relationship with CJF took shape in the form of CJF’s grant system.

Local partners can apply for funding with CJF for projects they are looking to undertake. If they get granted funding after the project review, they are required to report on the impact and finances of their projects. 5 grants were signed off on during this year, 4 were executed and reported successfully, 1 was cancelled.

Peru

While we now run projects across multiple continents, it all started in Perú in 2017, when CJF built its first community skatepark attached to a school in Alto Trujillo. That original park has since been demolished to accommodate the school’s expansion, but our activity in Perú continues.

In 2021, the community skatepark now known as ‘La Rampa’ was built in Cerrito, a short journey from the quiet surf town of Huanchaco. It is here, in the coastal enclave of the city of Trujillo, that the local CJF Perú team is now based. 2021 also saw the construction of the Lobitos Bowl for our local partners Waves Lobitos, a charity that supports disadvantaged youth through surfing and (now) skateboarding, further north up the coast.

Today, CJF Perú provides regular skateboarding lessons at La Rampa in Cerrito, as well as at the public skatepark known as Santa Edelmira in Trujillo. Alongside teaching our curriculum of ‘EduSkate’ lessons, the work of CJF Perú has a particular focus on female empowerment, educational workshops, and community development.

As of 2023 CJF Peru has also started to support other small skate communities across Peru by providing small community skateparks for these organizations to work at. In March 2024, the Cancas miniramp was built by a team put together by Jhikson Akamine to support the organization Cancas Skate.

At the start of 2024, CJF Peru changed their model towards full responsibility of operations in Peru. Several of the team’s members specialized in a specific project and applied for a CJF grant to execute their projects.

1) Education course to support programme execution (Arissa Moreno, CJF Peru)

This grant served to improve the quality of the educational programming of CJF Peru. Arissa Moreno, the educational coordinator of CJF Peru, was able to successfully complete a pedagogical training as educator and develop a new curriculum for her upcoming girls skate sessions.

2) Educational and girls skate programming (Arissa Moreno, CJF Peru)

This grant served to activate the Buenos Aires miniramp with programmes for the youth of the surrounding area. Buenos Aires is a large district in Trujillo comprising many smaller neighborhoods. While some have access to all basic needs, many of them still lack basic services such as paved roads and running water throughout the day. Neighbors complain of the absence of the local government

in improving their communal spaces and green areas. In Buenos Aires Sur, kids lack a variety of educational opportunities and recreational activities, outside of school.

5

Between August 2024 - February 2025, 2 people were employed to execute the following programmes:

Edu-Skate classes

This is CJF’s sports-based education programme that utilizes skateboarding to empower youth aged 6-16. The Edu-Skate programme is grounded in the belief that you can learn and practice skills through skateboarding that are not just important in skateboarding, but also in your development as a person in life: life-skills.

Edu-Skate sessions: 29 sessions

Edu-Skate Participants: 39 - 51% female participants Total attendance: 248

Girls skate sessions

A weekly session was organized for girls only: with the newly developed curriculum by Arissa, these sessions are aimed at providing a safe space for young female skaters to socialize and learn together. The sessions follow a similar structure as Edu-Skate, but with a focus on different topics centered around female empowerment. It is a space for girls to openly express themselves in a confidential environment, without fear of judgment or intimidation while building their confidence in skateboarding.

Number of sessions: 12 Unique participants: 20 Total attendance: 90

Special events

The programmes were run in 2 seasons, each finishing with a special event.

3) Community Development: miniramp construction (Jhikson Akamine, CJF Peru)

This grant served to enable the construction of the Buenos Aires miniramp in Trujillo, which would afterwards be activated by Arissa’s Educational and girls skate programming grant. Arissa and Jhikson worked together with their budgets to realise this construction project, with Jhikson taking on the organizational responsibility.

During the month of July 2024, 2 people were employed to execute the organization of the construction:

In line with CJF’s approach to construction, Jhikson included local enthusiasts in the construction process through the Planting Seeds Apprenticeship programme, to transfer skatepark construction skills and build a Peruvian skatepark construction team.

6

Morocco

In the spring of 2022, Concrete Jungle Foundation realized its sixth international project: the construction of a skatepark and implementation of youth programmes at a children’s home located in Tameslouht, Morocco. A local team was formed to manage the community skatepark and the activities that take place there, supported by an international programmes manager. In 2023, the project significantly increased its reach by opening up to the children from the surrounding village. This reach amplified even more after the earthquake that hit Morocco September 2023, and dozens of affected families settled in tents in the area around the skatepark.

As of 2024, the project is fully locally managed, without international programmes managers.

4) Educational programming (Centre Fiers et Forts / CJF Morocco)

This grant served to activate the Fiers et Forts Skatepark with programmes for the youth of the Centre Fiers et Forts children’s home and youth from the surrounding area. Tamesloht, where the skatepark is located, is the home of Centre Fiers et Forts. The children’s home takes in children that live in difficult circumstances and through an holistic approach, supports these children to build a future for themselves. The village of Tamesloht is economically disadvantaged and lacks recreational spaces for youth.

The skatepark serves as an extension of the center and runs all year round, 6 days a week. A yearly grant is provided to run programmes at the skatepark, executed by 3 staff members. 4 programming seasons were executed.

Edu-Skate classes

This is CJF’s sports-based education programme that utilizes skateboarding to empower youth aged 6-16. The Edu-Skate programme is grounded in the belief that you can learn and practice skills through skateboarding that are not just important in skateboarding, but also in your development as a person in life: life-skills.

Edu-Skate sessions: 99 sessions Edu-Skate Participants: 238 Total attendance: 2,327

Open skate sessions

Besides the reserved time slots for Edu-Skate classes, the Fiers et Forts Skatepark also hosts open skate sessions. Like the Edu-Skate sessions, these sessions serve as a socialization opportunity for the children of the children’s home and the children from the village, but without organized activities.

Number of sessions: 149 Participants: 256 Total Attendance: 2,712

Events & excursions

Every season, a number of events and excursions were organized to come together as a community, enjoy fun activities and celebrate everyone’s progression and development. These events ranged from skate competitions to mountain hikes, and from street skating excursions to a refreshing swim during the hot summer months.

Number of events/excursions: 23 Participants: 166 Total Attendance: 552

7

Enrichment activities

Activities outside of skateboarding were offered to expose participants to different learning opportunities, explore their interests and create bonding experiences for the community. Activities ranged from crafts like creating pottery tiles to decorate the skatepark and making wax, to personal development activities like setting personal goals and self expression workshops.

Number of activities: 42 Participants: 164 Total Attendance: 611

Girls skate sessions

In this cultural setting, girls in general have less opportunities to go outside or play sports. To bring more girls outside and have them enjoy recreational and social opportunities, the girls sessions are organized.

Number of sessions: 12 Participants: 64 Total Attendance: 138

Graduation programme

The Edu-Skate programme conveys life-skills through skateboarding sessions. The children that have internalised the values conveyed in the classes, graduate from the programme. In the graduate programme, there is more space for autonomy and extra projects.

Number of sessions: 33 Participants: 18 Total Attendance: 187

Jamaica

In 2019, Concrete Jungle Foundation was approached by Flipping Youth to join as a founding member of what is now the Freedom Skatepark Foundation.

In March and April 2020, CJF built the Freedom Skatepark, in July 2020, the Youth Center was finalized and following the COVID restriction from the Jamaican government, the skatepark opened unofficially to the public on July 15th of 2020. The programmes started in August 2020. In October 2021, the operations of the project was completely handed over to the local team and is now 100% locally run, while supported and supervised by CJF’s international staff. 2023 signified the first year where the Freedom Skatepark Foundation (FSF) was able to fund their programming activities at 100%.

FSF is a non-profit organisation that was set up during the creation of the Freedom Skatepark. The different partner organisations involved in the Freedom Skatepark work together by combining their efforts and expertise to get the most potential (social impact) out of the Freedom Skatepark. The Freedom Skatepark Foundation serves as the central platform for funding, communication, decision-making and planning around the Freedom Skatepark.

8

5) Organizational support (Freedom Skatepark Foundation, Jamaica)

This grant was originally intended to support with obtaining the residency paperwork of the project manager of Freedom Skatepark Foundation. As the foundation was able to simplify the process, this grant was canceled shortly after.

Highlights

Mirleft Skatepark construction

During the month of November 2024, Concrete Jungle Foundation realized its seventh international project in collaboration with Wonders Around The World and Association Mirleft Surf: the construction of the Mirleft Skatepark in Morocco.

Association Mirleft Surf (AMS) has been empowering Moroccan youth through surfing since 2002, enabling the youth of Mirleft and beyond access to surfing by providing materials, coached sessions and opportunities to travel and build communities across Morocco. Wonders Around the World has been in touch with the scene in Mirleft for years, aiming to build the village’s first skatepark.

With Concrete Jungle Foundation already active in Morocco since 2022, and its focus on building local capacity through programming and the Planting Seeds Apprenticeship construction programme, this project was an excellent fit.

This project marks the first partnership of its kind between two international skate NGO’s for a charity skatepark build.

The skatepark was built over the period of 1 month by a diverse team:

The local government gave permission to build the skatepark on the most prominent public square in the village. The skatepark was built to blend in with the square and its environment through the use of the square’s tiles and mosaic patterns.

The management of the skatepark is left in the hands of Association Mirleft Surf, who have a wealth of experience in engaging the youth from the area.

Opportunities for PSA apprentices

The most dedicated participant of CJF’s Planting Seeds Apprenticeship programme was able to benefit from several learning opportunities with other organizations around the world to build on his experience in skatepark construction. Directly after his time volunteering at the Mirleft Skatepark construction, he was hired to work professionally in skatepark construction in several countries in Europe for the period of 7 months. CJF facilitated the experience by covering his travels.

9

Edu-Skate Worldwide Network

A. History

In 2020, a collection of tools and resources to facilitate the implementation of the Edu-Skate Programme were created. The toolkit includes a theoretical background of the programme, how to prepare for implementation of the programme (including teacher trainings), the full Edu-Skate curriculum and a reporting guide.

In 2021, researchers from Glodsmith’s University of London conducted a study on the impact of the Edu-Skate programme on beneficiaries at the Freedom Skatepark in Jamaica.

In 2021, a trial phase started to implement the Edu-Skate Programme in contexts outside of CJF’s project locations. Skateboard Club Vienna and Free Movement Skateboarding took part.

Finally, in March 2022, the Edu-Skate Worldwide Network (ESWN) was launched.

B. The Network

The Network aims to connect social skate projects and exchange knowledge and ideas on the implementation of life-skills focused skateboarding classes (The Edu-Skate programme), in order to support each other in delivering high quality skateboarding sessions for our beneficiaries.

The following organizations took part in the Network this year: Skateboard Club Vienna (Austria) All Boards Family (France) Free Movement Skateboarding (Greece) JRSkates (Malaysia) Skate Nottingham (UK) CJF Peru Skate Haven CIC (UK) Freedom Skatepark (Jamaica) Skaid (Austria) CJF Morocco

C. The 2024 Report

The Network offers a space for exchange that allows us to analyze the impact from a multilateral perspective. This not only guarantees more effective monitoring of the collective work as a network but is also an opportunity for learning and mutual support between the partner organizations in the network.

10

Organizational improvements and achievements

Reshaping our support model

This year signified the first full year of CJF’s changed support model. All organizational and operational matters are now managed by the local projects autonomously. CJF supports them financially through a grant system, as financial self-sustainability is often the last and most difficult hurdle to overcome for these local organizations.

With operations and organization shifted to the local level, the capacity needed on the international level in the sense of management and organization is significantly reduced. CJF staff moved to the board, which signified that this year there was no paid staff in the organization on the international level.

- Working Environment (2024 2025):

No staff contracts

No staff meetings

Board meeting every quarter

AGM:

Project based (Morocco): - Tim van Asdonck from May 2022 in Morocco

Communications & Development

Newsletters: 1

Blogs: 1

CJFamily

Grants

Achievements:

Successfully fundraise £47,930 over the course of the financial year

11

Financial Review

General Fund General Fund Restricted Fund Total 2025 Total 2024
£ £ £ £
Total Receipts 47,930 - 47,930 86,292
Total Payments 45,824 - 45,824 114,232
Surplus/defcit for the year 2,106 - 2,106 (27,940)

Concrete Jungle Foundation held unrestricted funds of £7,181 at the year end. Concrete Jungle Foundation held restricted funds of £0 at the year end.

Any reserves must be used towards CJF operations and programmes worldwide.

Approved by the trustees on XXX and signed on their behalf by:

C. Taquet

Date 18/03/26

Clement Taquet

12

Clement Taquet (Mar 18, 2026 21:25:31 GMT+1)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

CONCRETE JUNGLE FOUNDATION

CHARITY REGISTERED NO.1177490

I report to the charity trustees on my examination of the receipts and payments accounts of the charity for the year ended 1 April 2025 which are set out on the following pages.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 the 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 examiners' statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

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

James Wheelan FCCA Date: 19/03/26 James Wheelan Accountancy Limited Chartered Certified Accountants Minshull House Stockport SK4 2LP

Receipts and Payments Account for the year ended 1st April 2025

Receipts
Donations
Independent donations
Monthly donations
Fundraising activities
Fundraising - Donorbox
Individual fundraising events
Gift Aid repayments
Merchandise sales
Cashback
Crypto currency
Grants
New Line Skatepark
THE SKATEROOM
VF Vans France
Skateboard GB
CJF USA
EA Skate
British Moroccan Society
Paypal Giving
Vincent Milou
NHS Distribution
Visa
Voluntees contribution
Total Receipts
2,231
9,120
-
603
-
716
116
-
5,756
23,053
-
-
-
-
-
50
2,088
2,231
1,966
-
47,930
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,631
13,233
7,101
1,618
-
1,419
144
-
11,984
23,939
4,250
4,000
6,480
7,994
200
41
-
-
-
2,258
86,292
-
1,058
598
-
-
321
8,233
10
15
37
221
80
61
5,229
-
720
1,515
-
2,231
9,120
-
603
-
716
116
-
5,755
23,053
-
-
-
-
-
50
2,088
2,231
1,966
-
47,930
2,297
-
85
-
-
-
-
134
-
26
-
-
-
1
-
-
51
18,616
2,297
-
85
-
-
-
-
134
-
26
-
-
-
1
-
-
51
18,616
General Fund
£
General Fund
£
Restricted Fund
£
Restricted Fund
£
Total 2024
£
Total 2024
£
Total 2025
£
Total 2025
£
Payments
Organisation_(1/2)_
Fundraising and awareness
Fundraising expenses
Merchandise
Postage
Events
CJFamily
Administration UK
Shop Online
Salaries
Bank accounts fee
Paypal fee
DonorBox fee
Money exchange
Fixed Cost
Equipment
Other
Training
Accountant
Currency fuctuations
CJF Grant Payments

The notes on page 16 form an integral part of these account.

13

Payments
Organisation_(2/2)_
Loan Administration NL
Salaries
Programmes Management
Postage NL
Accountant
Bank fee
Project - Jamaica
Volunteer Expenses
Overweight luggage
Programmes
All programmes
Unspent currency
Project Manager
Shipping/clearance
Volunteer House
Project - Peru
Programmes
All programmes
Unspent currency
Overweight luggage
Project Manager
Volunteer House
Documentary
Construction
PSA programme
Project - Morocco
Construction (Mirleft)
Pre-trip
Plane tickets
Materials (Tamesloht)
Others
ATM withdrawals
Unspent currency
PSA Programme
Programmes
All programmes
Project Manager
Grant
Shipping/clearance
Communications
Unspent currency
Total Payments
Surplus/defcit for the year
-
-
90
-
84
-
-
-
-
-
-
-
-
-
-
-
-
1,556
243
2,227
7,398
11,093
1,643
-
280
-
-
-
-
-
-
45,824
2,106
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
90
-
84
-
-
-
-
-
-
-
-
-
-
-
-
1,556
243
2,227
7,398
11,093
1,643
-
280
-
-
-
-
-
-
45,824
2,106
40,192
17,525
-
1,079
-
-
8,926
-
-
-
-
21,634
-
-
88
-
255
-
-
-
-
505
-
-
2,166
-
3,370
255
139
-
114,232
(27,940)
General Fund
£
Restricted Fund
£
Total 2024
£
Total 2025
£

The notes on page 16 form an integral part of these account.

14

Statement of Balances as at 1st April 2025

Funds at start of fnancial year
Bank balance at start of year
Currency at start of year
Total funds at start of year
Funds at end of fnancial year
Bank balance at end of year
Currency at end of year
Total funds at end of year
5,076
-
5,076
7,181
-
7,181
-
-
-
-
-
-
5,076
-
5,076
7,181
-
7,181
General Fund
£
Restricted Fund
£
Total 2025
£

Statement of assets and liabilities as at 1st April 2025

General Fund Restricted Fund Total 2025
£ £ £
Cash at the end of the year 7,181 - 7,181
Other monetary assets
THE SKATEROOM - - -
Loan/Grant 173 - 173
Liabilities
Accountancy fees 918 - -

The notes on page 16 form an integral part of these account.

15

Notes to the Accounts for the year ended 1st April 2025

a) Nature and purpose of funds

Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the aims and objectives. The trustees maintain a single unrestricted General fund for the day-to-day running of the charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are received for specific purposes.

b) Restricted fund

Financial year 2024-2025

c) Related party transactions

None of the trustees receives payment of remuneration.

d) Currency use

Concrete Jungle Foundation manages 3 different currencies (GBP, EUR, USD, MAD). The currency exchange rates used to create this Annual Return are as followed:

Approved by the trustees on XXX and signed on their behalf by:

C. Taquet Clement Taquet Date 18/03/26

16

Clement Taquet (Mar 18, 2026 21:25:31 GMT+1)