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2023-03-31-accounts

CHARITY NUMBER: 1182322

N1M TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

N1M TRUST

INDEX

Page
No.
Trustees’ Report 1 - 6
Audit Report 7 - 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 15

N1M TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their report along with the financial statements of the Charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 13 and comply with the Charity’s trust deed and applicable law.

1. Objectives and Activities

The objects of the CIO are:

Monitoring abuses of human rights; Obtaining redress for the victims of human rights abuse; Relieving need among the victims of human rights abuse; Research into human rights issues;

Providing technical advice to Government and others on human rights matters; Contributing to the sound administration of human rights law; Commenting on proposed human rights legislation; Promoting public support for human rights; Promoting respect for human rights among individuals and corporations; International advocacy of human rights;

Eliminating infringements of human rights.

In furtherance of that object but not otherwise, the Trustees shall have power to engage in political activity provided that the Trustees are satisfied that the proposed activities will further the purposes of the Charity to an extent justified by the resources committed and the activity is not the dominant means by which the Charity carries out its objects.

N1M Trust makes grants to organisations working to support environmental human rights defenders.

N1M Trust engages in public education, efforts to uphold human rights and to protect the environment.

2. Public Benefit

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit.

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N1M TRUST

TRUSTEES REPORT FOR THE YEAR ENDED

31 MARCH 2023

3. Policy on grant making

Grants from N1M Trust will support • Education / training

Grants may be made to:

N1M Trust is a grant-making entity that

Primarily N1M Trust in the fourth year of operation (this reporting period 1 April 2022–31 March 2023) has worked with Not1More, Registered company 11545187, to support six projects with advice and guidance, and also financial funding.

Funder: Allen Lane

Project Title: UK Environmental Defenders (psychosocial support) Project Details: Supporting the mental health of defenders on the frontline in the UK

Funder: Horizontal

Project Title: Brazil Amazon Defenders Collective Project Details:

Named as Tella a project to work on secure data collection with defenders of incidences of violence through a mobile App. Horizontal are based in the US and are the project and App developers, they partnered with N1M to pilot the project in Brazil and the UK.

Funder: Patrick Westoo - Private donations

Project Title: Brazil Forest Defenders

Project Details: 'DefenderDirect' support to at-risk environmentalists and land defenders in Brazil. Patrick Westoo is a long-term funder of our work particularly supporting individual defenders

Funder: Benevity Charitable Giving Project Title: Brazil Forest Defenders

Project Details: 'DefenderDirect' support to at-risk environmentalists and land defenders in Brazil.

Funder: Open Society Foundation (OSF)

Project Title: N1M Core Unrestricted Funding

Project Details: Funds given to N1M for core running purposes of the organisation. This is the second grant from OSF for core N1M costs

Funder: Enthuse - multiple donations

Project Title: Brazil Amazon Defenders Collective; Brazil Forest Defenders

Project Details: Unrestricted funding sourced through crowdfunding. See Enthuse account details and payouts record for 1 April 2022-31 March 2023

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N1M TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

N1M Trust may use staff time, free of charge, provided by members of Not1More up to three working days per month to support The Trust’s administrative needs and to support accounting. The Trust will nevertheless remain responsible for all filings, records, meeting minutes and accounts.

Many projects undertaken by N1M are supported by volunteers, who all go through a vetting process to ensure suitability.

4. Achievements and Performance

N1M Trust supported Not1More’s capacity building work with human rights and environmental organisation in Brazil, the Zé Claudio and Maria Institute.

The Trust continued to facilitate individual giving for under-supported defenders in Brazil through Benevity charitable giving and Westoo payments.

The research N1M carried out in 2020 - 2021 on behalf of UNEP into the repression of environmental defenders in SE Asia using COVID legislation was published on UNEP platforms

Not1More organised a cycle ride from London to Glasgow for COP26, and organised a patchwork gallery in Glasgow celebrating the global work of international environmental defenders.

N1M Trust supported Not1More in putting together resources to offer psychological support to environmental defenders in the UK.

Not1More’s work in the UK has also focused on research and writing reports on policing of protests in the UK.

5. Financial Review

The Trustees are happy with the position of the Charity at the end of the fourth period.

6. Reserves Policy

The aim is to have sufficient reserves will be held to enable running costs to be met for at least three months. The amount of free reserves held as at 31 March 2023 £74,658.

7. Structure, Governance and Management

Trustees are selected on their skills relevant to the Charity’s title deeds.

Every new trustee must be appointed for a term of two years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Trustees must sign the Trustee Declaration.

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N1M TRUST

TRUSTEES REPORT FOR THE YEAR ENDED

31 MARCH 2023

The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

New trustees will be invited to join conversations or informal meetings with the other board members, and / or with staff of Not1More, the not-for-profit company that is working with N1M Trust to implement a number of projects supported by the Trust.

The charity has no staff but receives voluntary support for administration from the staff of Not1More (see below).

N1M Trust has an Agreement with Not1More, a charitable incorporated company, limited by guarantee, registered in England and Wales, Registered company number: 11545187.

Having identified significant shared aims between N1M Trust and Not1More, the parties have agreed to cooperate, jointly fund and work together on projects when the project objectives and activities are charitable, advance the Purposes of N1M Trust and present an effective way to advance and support the welfare of environmental defenders.

Any joint venture will have educational merit; or will advance human rights, specifically Articles 3, 5, 8, 9, 10, 19 and 20 of the Universal Declaration of Human Rights, or Articles 3, 8, 10, 18, 20, 25, 26, 27, 28, 29, 32 of the UN Declaration of the Rights of Indigenous Peoples; or will contribute to the protection of the natural environment, specifically areas deemed to be of national or international importance, or that play a significant role in mitigation of or adaptation to climate change

8. Risk Management

The Trustees have conducted a review of the major risks to which the charity is exposed. Systems or procedures have been established to mitigate the risks which the Charity faces.

All risks fall into the low or medium categories. Internal control risks are minimised as the Trustees authorise all transactions.

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N1M TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

Trustees and Advisers

Legal and Administrative Status

The N1M Trust is a registered charity No. 1182322

The Trustees holding office during the year

Dr J Pettit Ms M Grant Dr R Huxley Mr Y Ndoinyo Ms J Poinelli Mr A Farenden (appointed 27 June 2023) Ms R Wanigasinghe (appointed 27 June 2023)

Advisers :

Banker: The Co-Operative Bank Auditor: Wenn Townsend 5 Gosditch Street Cirencester Gloucestershire GL7 2AG Principal Address: Flat 74, Tudor Court Kings Henrys Walk Islington London N1 4NU

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N1M TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

Trustees’ Responsibilities

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the Board of Trustees on 19 January 2024 and signed on its behalf by:

……………………………………… Joann Poinelli

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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF

N1M TRUST

Opinion

We have audited the financial statements of N1M Trust (the ‘Charity’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF

N1M TRUST

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement, set out on page 6, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, The Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF

N1M TRUST

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF

N1M TRUST

Use of our report

This report is made solely to the Charitable Company’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Wenn Townsend Chartered Accountants Gosditch House 5 Gosditch Street Cirencester Gloucestershire GL7 2AG

Date: 22 January 2024

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N1M TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note 2023 2022
General Restricted Total Total
Fund Fund Fund Fund
£ £ £ £
INCOME FROM:
Donations, Legacies and
Charitable Activities
Donations 2 - 27,398 27,398 27,425
Grants 2(a) 81,773 1,000 82,773 162,394
───── ───── ───── ─────
Total Income 81,773 28,398 110,171 189,819
───── ───── ───── ─────
EXPENDITURE ON:
Charitable Activities 3 101,090 65,030 166,120 120,688
Other Support Costs 4 4,800 - 4,800 4,322
───── ───── ───── ─────
Total Expenditure 105,890 65,030 170,920 125,010
───── ───── ───── ─────
Net Movement on Funds
for the Year (24,117) (36,632) (60,749) 64,809
Balance b/fwd 98,775 71,686 170,461 105,652
───── ───── ───── ─────
Fund Balance carried forward at
31 March 2023 74,658 35,054 109,712 170,461
═════ ═════ ═════ ═════

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N1M TRUST

BALANCE SHEET 31 MARCH 2023

Note 2023
2022
£ £
Current Assets
Debtors 6 - -
Cash at Bank and in Hand 7 114,512 178,723
───── ─────
114,512 178,723
Deduct:Creditors 8 4,800 8,262
───── ─────
Net Assets 109,712 170,461
───── ─────
Unrestricted Funds
General 74,658 98,775
Restricted Funds 35,054 71,686
───── ─────
109,712 170,461
═════ ═════

Approved by the Trustees on 19 January 2024 and signed on its behalf by:-

………………………………………………

Joann Poinelli Trustee

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N1M TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Basis of accounting

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) (Charities SORP (FRS 102)). N1M Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The Charity has applied Update Bulletin 2 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

1. Accounting Policies

a) Income

All income is included in the Statement of Financial Activities when awarded and due.

b) Expenditure

Resources expended are recognised in the year in which they are incurred.

c) Fund Accounting

Unrestricted general funds comprise those funds which the committee members are free to use in accordance with the charitable objects. Restricted Funds can only be used for the purposes identified.

2 Donations

2 (a)
3.
2023
2022
£
£
Other donations
27,398
27,425
═════
═════
Grants
2023
2022
£
£

Allan Lane Foundation
1,000
-
United Nations Environment Programme
-
4,714
Open Society Foundation
81,773
148,060
Martin Stanley
-
-
Calouste Gulbenkian Foundation - 9,620
─────
─────
82,773
162,394
═════
═════
Charitable Activities
2023
2022
£
£
Direct Cost
166,120
120,688
═════
═════

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N1M TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED )

FOR THE YEAR ENDED

31 MARCH 2023

4.
5.
6.
7.
8.
9.



Other support costs
2023
2022
£
£
Audit Fees
4,800
4,322
═════
═════
Staff Costs and Trustees’ Remuneration
There were no staff costs during the year.
Trustees received no remuneration in the year
Expenses reimbursed to Trustees during the year amounted to £nil.
Debtors
2023
2022
£
£
Debtors
-
-
═════
═════
Cash at Bank and in Hand
2023
2022
£
£
Current Account – Co-Operative Bank
114,512
178,723
═════
═════
Creditors: Amounts falling due
within one year
2023
2022
£
£
4,800
8,262
═════
═════
Analysis of Net Assets by Fund

Unrestricted Funds
Total
Total
General
Restricted
2023
2022
£
£
£
£
Debtors
-
-
-
-
Cash at bank
79,458
35,054
114,512
178,723
Creditors
(4,800)
-
(4,800)
(8,262)
─────
─────
─────
─────
74,658
35,054
109,712
170,461
═════
═════
═════
═════

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N1M TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10. Funds

Funds
Total Total
General
Restricted
2023 2022
£
£
£ £
Surplus for the period 74,658
35,054
109,712 170,461
═════
═════
═════ ═════
Movement in Funds
Movement
B/Fwd
Income
Expenditure Transfer Funds
£
£
£ £ £
Net movement in funds, included
In the above are as follows:-
Unrestricted funds
General fund 98,775
81,773
(105,890) - 74,658
─────
─────
───── ───── ─────
Restricted funds
Environmental Defenders UK 5,097
1,000
(-) - 6,097
Forest Defenders Brazil 300
-
(-) - 300
Amazon Defenders Collective 55,804
27,398
(54,545) - 28,657
Together We Ride 10,485
-
(10,485) - -
─────
─────
───── ───── ─────
71,686
28,398
(65,030) - 35,054
─────
─────
───── ───── ─────
TOTAL FUNDS 2023 170,461
110,171
(170,920) - 109,712
═════
═════
═════ ═════ ═════
Name of Restricted Fund Description, nature and purpose of fund

Environmental Defenders UK

The aim is to raise awareness and support for people who are protecting natural environments and to research

the challenges they face.

Forest Defenders Brazil

The project is to raise awareness to protect the lives of those protecting forest, land and water around Brazil.

Amazon Defenders Collective

The projects’ aim is to help protect people and the Environment, including by building a self-care centre and respite house.

Together We Ride

This project for a designated bike ride between London and Glasgow, and public engagement at COP26.

11. Related Party Transactions

During the year the Charity provided grants of a total of £116,510 (2022 £98,334) to Not1More, a Community Incorporated Company registered in England and Wales under common control.

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