**REGISTERED CHARITY NUMBER: 1182322**
**Report of the Trustees and Financial Statements for the Year Ended 31 March 2025**
**for**
**N1M Trust**
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
**N1M Trust**
## **Contents of the Financial Statements for the Year Ended 31 March 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 to 16|
**N1M Trust Reference and Administrative Details for the Year Ended 31 March 2025**
**TRUSTEES** R Huxley - Chair J N Clayton (appointed 2.10.25) T Cresswell Y Ndoinyo M Grant J Pettit A Farenden (resigned 4.8.25) R Wanigasinghe (resigned 19.4.24) **PRINCIPAL ADDRESS** Flat 74 Tudor Court Kings Henrys Walk Islington London N1 4NU
**REGISTERED CHARITY NUMBER** 1182322 **INDEPENDENT EXAMINER** David Nicholls FCCA Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB **BANKERS** Co-operative Bank PLC 1 Balloon Street Manchester M4 4BE
Page 1
**N1M Trust**
## **Report of the Trustees for the Year Ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The objects of the CIO are:
a) To promote for the benefit of the public the conservation protection and improvement of the physical and natural environment;
b) To advance the education of the public in the conservation, protection and improvement of the physical and natural environment;
c) To promote human rights (as set out in the universal declaration of human rights and subsequent united nations conventions and declarations) throughout the world by all or any of the following means:
- 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.
## 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.
## Policy on Grant Making
Grants from N1M Trust will support
- Education / training
- Environment / conservation / heritage
- Human Rights / religious Or Racial Harmony / equality Or Diversity
Grants may be made to:
- People of A particular Ethnic Or Racial Origin
- Other Charities Or Voluntary Bodies
- Other Defined Groups
- The General Public / humankind
Page 2
**N1M Trust**
**Report of the Trustees for the Year Ended 31 March 2025**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims (continued)**
N1M Trust is a grant-making entity that
- Makes Grants To Individuals
- Makes Grants To Organisations
- Provides Other Finance
- Provides Services
- Provides Advocacy / advice / information
- Sponsors Or Undertakes Research
- Acts As An Umbrella Or Resource Body
N1M Trust primarily makes grants to Not1More, Registered company 11545187, to support projects with advice and guidance, and also financial funding. In the sixth year of operation (this reporting period, 1 April 2024 - 31 March 2025), projects supported are:
## **Donations**
## **Individual donors towards Forest Defenders Conference Guinea Bissau (FDC5)**
Project Details: Organising N1M's Forest defenders conference 2025
## **Martin Stanley**
Network Building Dinner
## **Richard Lord**
Cop do Povo
## **Donations from Stripe and Enthuse**
Various donations:
- Unrestricted donations
- Support for widowed environmental defender, Fanta
- Urgent Appeal! Casa de Respiro Florestal, Forest Respite House
- People's COP fundraiser
- Monthly Support for At-Risk Brazilian Environmental Defenders
- Simbor school fundraising
## **Grants**
## The Waterloo Foundation
Project Title: Cambodian Forest Protection, ''Defending Cambodia's Unprotected Forests - Building Community Networks for Forest Protection in Prey Preah Roka''. Supporting the biodiverse protected area, Prey Preah Roka, in North East Cambodia.
## **Joseph Rowntree Charitable Trust**
Project Title: Parliamentary accountability for environmental protesters.
This project progresses a route towards accountability for human rights violations against environmental protesters, seeking a parliamentary inquiry and organising two events exploring the effectiveness of existing mechanisms for accessing justice
## **Open Society Foundation**
Project Title: Strengthening Environmental Defenders in West Africa.
Building resilience for communities and defenders, establish community Spirit Forests, that are recognised in the law and the spiritual Mandinka traditions, and build up Youth Network, Den Kula, with members already across the countries of Senegal, Guinea-Bissau, Guinea Conakry and The Gambia and incorporate contacts in Sierra Leone, Mali and Burkina Faso who want to join the network.
## **SCCAN**
Project Title: Ayrshire Climate Adaption Network.
To understand what information is available specific to Ayrshire on Climate Impacts and Adaptation and share climate related films online and build a network of people to come together and talk about the issues raised in each film.
Page 3
**N1M Trust**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **OBJECTIVES AND ACTIVITIES**
## **Tenacious Award**
Project Title: End the use of protest injunctions to suppress protest in the UK Injunctions. Utilise strategic research to garner the attention of the media and policy makers to affect a change in approach to policy and legislation.
## **James Thornton**
Contribution to N1M core, FDC5, and supporting our fledgeling work in Tanzania.
## **The Roddick Foundation**
A grant for core support.
## Contributions Made by Volunteers
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.
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Guinea Bissau**
1. Our Forest Defenders Conference 2025 was a success. Our conference report is available on our website.
2. Not1More continues to develop funding in support for widowed environmental defender, Fanta.
3. We have strengthened the networks of environmental defenders in West Africa. This has included: developing Building resilience for communities and defenders; establish community Spirit Forests, that are recognised in the law and the spiritual Mandinka traditions; and build up Youth Network, Den Kula.
## **UK**
1. We have engaged a consultant to progress a route towards accountability for human rights violations against environmental protesters. The consultant will support us in the grassroots to parliament aspect of this work. We hosted a round table for activists, lawyers and NGOs at our Garden Court grassroots access to accountability event.
2. Our Brick Court event on injunctions established collaboration with Liberty and CASP Legal which resulted in the Law Commission's consultation on contempt of court organising a roundtable so that grassroots activists impacted by injunctions were able to have their experiences recorded in the consultation. We host Solidaritea meetings, where activists meet online with a cuppa to talk about which issues are concerning them and help assess the direction of our work.
3. We are building an understanding of climate impacts and environmental defenders issues in Scotland through our Ayrshire Climate Adaption Network.
4. Our injunctions toolkit was nominated for the Sheila McKechnie Foundation Young Campaigner Award and won the Tenacious Award.
## **Tanzania**
We anonymously published articles in order to continue to draw attention to the evictions of Massai communities. We established a fundraising team which is a collaboration between Not1More, TEST and volunteers.
## **Brazil**
We have developed a program for Cop do Povo and for the People's Tribunal at COP. We fundraised in order to support our partner organisation IZM who have rented a house in Belem for civil society representatives attending COP, and are fundraising towards supporting international defenders at COP.
## **Cambodia**
The Cambodia team continue to support the biodiverse protected area, Prey Preah Roka, in North East Cambodia. Working with local communities and youth, the team build skills in GPS mapping and use of media. We also work to keep the team safe in an adverse political environment.
## **Development & sustainability of Charity**
Hosted a dinner in London to draw together our supporters and build a sense of community among funders and supporter of N1M. We have secured Gift Aid to be collected through donations, Stripe and Enthuse.
Page 4
**N1M Trust**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **FINANCIAL REVIEW**
## **Financial position**
The charity generated a net surplus of £36,176 for the year ended 31 March 2025 (2024: deficit of £49,964).
At 31 March 2025, total reserves stood at £95,924 (2024: £59,748), with £42,549 of these being unrestricted general reserves (2024: £21,723) and £53,375 being restricted reserves (2024: £38,025).
## **Reserves policy**
We are continuing to fundraise to build up reserves in adherence to our reserves policy of 3 months unrestricted expenditure.
For the year ended 31 March 2025, three months expenditure equalled £66,237. At 31 March 2025, unrestricted free reserves stood at £42,549, an increase of £20,826 from the prior year. The Trustees recognise that the unrestricted reserves are below target and are seeking ways to continue to increase the level of reserves over time acknowledging that there is a necessary balance between growing reserves and delivering current charitable activities. Notwithstanding the need to increase reserves to the target level, the Trustees consider that the current level of reserves is sufficient to provide the necessary working capital for the forthcoming year and the Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **PRINCIPAL SOURCES OF FUNDS**
N1M Trust received income from:
## **Grants:**
Waterloo Foundation Joseph Rowntree Charitable Trust Open Society Foundation SCCAN Tenacious Award Roddick Foundation James Thornton
## **Individual donations from:**
Gisela Moreau Martin Stanley Richard Lord Small monthly donations from supporters via Stripe & Enthuse
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
N1M Trust was established as a charity on 05 March 2019 and is a Charitable Incorporated Organisation (CIO) governed by its constitution.
## **Recruitment and appointment of new trustees**
Trustees are selected on their skills relevant to the charities 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.
The charity trustees will make available to each new charity trustee, on or before his or her first appointment: - a copy of the current version of the CIO constitution; and - a copy of the CIO's latest Trustees' Annual Report and statement of accounts.
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.
## **Key management remuneration**
The charity has no staff but receives voluntary support for administration from the staff of Not1More Ltd, Registered company number: 11545187.
The management of the Trust is undertaken by the trustees, who do so on a voluntary basis and so are of the opinion there was no remuneration paid to key management personnel in the year to 31 March 2025.
Page 5
**N1M Trust**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Related parties**
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.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
J Pettit - Trustee
Page 6
## **Independent Examiner's Report to the Trustees of N1M Trust**
## **Independent examiner's report to the trustees of N1M Trust**
I report to the charity trustees on my examination of the accounts of N1M Trust (the Trust) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Nicholls FCCA Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Date: .............................................
Page 7
**N1M Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
159,914
**EXPENDITURE ON**
**Charitable activities**
3
To promote, support and engage in both human
and environmental rights
139,088
**NET INCOME/(EXPENDITURE)**
20,826
**RECONCILIATION OF FUNDS**
Total funds brought forward
21,723
**TOTAL FUNDS CARRIED FORWARD**
42,549|**Restricted**
**funds**
**£**
141,210
125,860
15,350
38,025
53,375|**2025**
**Total**
**funds**
**£**
301,124
264,948
36,176
59,748
95,924|**2024**
**Total**
**funds**
**£**
70,063
120,027
(49,964)
109,712
59,748|
|---|---|---|---|
## **CONTINUING OPERATIONS**
This statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities in both years.
Comparative figures for the previous year by fund type are shown in Note 7.
The notes on pages 10 to 16 form part of these financial statements
Page 8
**N1M Trust**
## **Balance Sheet 31 March 2025**
|**Notes**
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds:
General fund
Restricted funds
**TOTAL FUNDS**|**2025**
**£**
1,148
243,981
245,129
(149,205)
95,924
95,924
95,924
42,549
53,375
95,924|**2024**
**£**
-
64,548
64,548
(4,800)
59,748
59,748
59,748
21,723
38,025
59,748|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. T Cresswell - Trustee
The notes on pages 10 to 16 form part of these financial statements
Page 9
**N1M Trust**
**Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
N1M Trust is a Charitable Incorporated Organisation (CIO) and governed by its constitution. It was registered as a charity in England (registered number 1182322) on 5 March 2019. Its registered address is 74 Tudor Court, King Henry's Walk, London, N1 4NU
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with: - the Charities and Trustee Investment (Scotland) Act 2005; - Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006; - the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
- '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, published in October 2019 (FRS 102)' ("the Charities SORP");
- UK Generally Accepted Accounting Practice; and
- the historical cost convention.
The charity 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.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **Going Concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Page 10
continued...
**N1M Trust**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
N1M Trust is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|**Unrestricted**
**funds**
**£**
Donations
2,196
Gift aid
1,003
Grants
156,715
159,914|**Restricted**
**funds**
**£**
8,106
-
133,104
141,210|**2025**
**Total**
**funds**
**£**
10,302
1,003
289,819
301,124|**2024**
**Total**
**funds**
**£**
5,648
-
64,415
70,063|
|---|---|---|---|
Grants received, included in the above, are as follows:
|Allan Lane Foundation
Freedom House
Frontline Defenders
Gisela Moreau
James Thornton
Joesph Rowntree Charitable Trust
Martin Stanley
Open Society Foundation
Richard Lord
Roddick Foundation
Scottish Communities Climate Action Network
The Social Change Lab
Waterloo Foundation|**2025**
**£**
-
-
-
5,000
50,000
36,604
4,000
125,215
-
15,000
11,500
10,000
32,500
289,819|**2024**
**£**
3,000
2,070
6,080
-
12,000
-
-
-
2,800
-
5,965
-
32,500
64,415|
|---|---|---|
Page 11
continued...
**N1M Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **3. CHARITABLE ACTIVITIES COSTS**
|To promote, support and engage in both
human and environmental rights
**4.**
**GRANTS PAYABLE**
The total grants paid to institutions during the year was as follows:
Guinea-Bissau
Not1More Limited
R Latchford
Traditional Ecosystem Survival
**5.**
**SUPPORT COSTS**
Audit Fee
Preparation and Independent Examination of Accounts|**Grant**
**funding of**
**activities**
**(see note**
**4)**
**£**
262,848|**Support**
**costs (see**
**note 5)**
**£**
2,100
**2025**
**£**
53,266
190,288
-
19,294
262,848
**2025**
**£**
-
2,100
2,100|**Totals**
**£**
264,948
**2024**
**£**
-
110,800
4,427
-
115,227
**2024**
**£**
4,800
-
4,800|
|---|---|---|---|
Page 12
continued...
**N1M Trust**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**fund**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,522
**EXPENDITURE ON**
**Charitable activities**
To promote, support and engage in both
human and environmental rights
76,800
**NET INCOME/(EXPENDITURE)**
(64,278)
**Transfers between funds**
11,343
**Net movement in funds**
(52,935)
**RECONCILIATION OF FUNDS**
Total funds brought forward
74,658
**TOTAL FUNDS CARRIED FORWARD**
21,723
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued Income
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
Deferred Income
Other Creditors
Grant payable|**Restricted**
**funds**
**£**
57,541
43,227
14,314
(11,343)
2,971
35,054
38,025
**2025**
**£**
1,148
**2025**
**£**
2,100
130,805
4,800
11,500
149,205|||**Total**
**funds**
**£**
70,063
120,027
(49,964)
-
(49,964)
109,712
59,748
**2024**
**£**
-
**2024**
**£**
4,800
-
-
-
4,800|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
Deferred income is comprised of income received in 2024/25 and to which the charity was not entitled in the year.
|**At 1 April**
Deferred in year
Released in year
**At 31 March**|**2025**
**£**
-
130,805
-
130,805|**2024**
**£**
-
-
-
-|
|---|---|---|
Page 13
continued...
**N1M Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|||
|---|---|---|
|**Unrestricted**
**Restricted**
**fund**
**funds**
**£**
**£**
Current assets
180,254
64,875
Current liabilities
(137,705)
(11,500)
42,549
53,375
**Comparatives for analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Current assets
26,523
38,025
Current liabilities
(4,800)
-
21,723
38,025
**MOVEMENT IN FUNDS**
**At 1/4/24**
**£**
**Unrestricted funds**
General fund
21,723
**Restricted funds**
Amazon Defenders Collective
18,413
Climate Change Engagement
5,965
Emergency Response G-Bissau
4,150
Environmental Defenders UK
9,097
Forest Defenders Brazil
400
KH- Forest Protection
-
UK Injunctions
-
38,025
**TOTAL FUNDS**
59,748|**2025**
**Total**
**funds**
**£**
245,129
(149,205)
95,924
**2024**
**Total**
**funds**
**£**
64,548
(4,800)
59,748
**Net**
**movement**
**in funds**
**£**
20,826
-
-
(4,150)
-
-
12,500
7,000
15,350
36,176|**2024**
**Total**
**funds**
**£**
64,548
(4,800)
59,748
**2023**
**Total**
**funds**
**£**
114,512
(4,800)
109,712|
|||**At**
**31/3/25**
**£**
42,549
18,413
5,965
-
9,097
400
12,500
7,000
53,375
95,924|
## **11. MOVEMENT IN FUNDS**
Page 14
continued...
**N1M Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Climate Change Engagement
Emergency Response G-Bissau
FDC5
KH- Forest Protection
Right to Protest- JRCT
Tanzania
UK Injunctions
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
159,914
(139,088)
20,826
11,500
(11,500)
-
-
(4,150)
(4,150)
38,106
(38,106)
-
32,500
(20,000)
12,500
36,604
(36,604)
-
12,500
(12,500)
-
10,000
(3,000)
7,000
141,210
(125,860)
15,350
301,124
(264,948)
36,176|
|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Amazon Defenders Collective
Cambodia Forest Protection
Climate Change Engagement
Emergency Response G-Bissau
Environmental Defenders UK
Forest Defenders Brazil
**TOTAL FUNDS**|**Net**
**movement**
**At 1/4/23**
**in funds**
**£**
**£**
74,658
(64,278)
28,657
599
-
500
-
5,965
-
4,150
6,097
3,000
300
100
35,054
14,314
109,712
(49,964)|**Transfers**
**between**
**funds**
**£**
11,343
(10,843)
(500)
-
-
-
-
(11,343)
-|**At**
**31/3/24**
**£**
21,723
18,413
-
5,965
4,150
9,097
400
38,025
59,748|
|---|---|---|---|
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continued...
**N1M Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Amazon Defenders Collective
Cambodia Forest Protection
Climate Change Engagement
Emergency Response G-Bissau
Environmental Defenders UK
Forest Defenders Brazil
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
12,522
(76,800)
(64,278)
5,026
(4,427)
599
32,500
(32,000)
500
5,965
-
5,965
8,150
(4,000)
4,150
3,000
-
3,000
2,900
(2,800)
100
57,541
(43,227)
14,314
70,063
(120,027)
(49,964)|
|---|---|
## **12. RELATED PARTY DISCLOSURES**
During the year the Charity provided grants of a total of £190,288 (2024: £110,800) to Not1More, a charitable incorporated company, limited by guarantee, registered in England and Wales, Registered company number: 11545187.
## **13. PURPOSE OF FUNDS**
General - The unrestricted 'free reserves' of the charity.
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.
Emergency Response Guinea-Bissau - A project to gain emergency support funds for a widowed forest defender living in Simboree, Guinea- Bissau, who suffered loss of her animals and property due to inter-community conflict of logging of community forests
Cambodia Forest Protection - Supporting the protection of Cambodia's 'paper parks' - protected areas in the North East of the country that are officially protected but suffer high levels of illegal logging. Forest monitoring and community support to patrol, monitor deforestation and to strengthen youth environmental defenders.
Climate Change Engagement - Raising awareness in Ayrshire and across Scotland of grassroots efforts to mitigate and adapt to climate change. Supported by Scottish Communities Climate
KH- Forest Protection- Cambodia team work closely with local communities and frontline defenders to conduct campaigns, and build a youth network building to protect forests in Cambodia
Right to Protest- JRCT- Assess the usefulness of existing tools and build grassroots access to parliament in order to uphold democratic rights in the UK.
Tanzania- Capacity building, especially in project management and fundraising for indigenous Maasai grassroots who are facing land grabs in Tanzania
UK Injunctions- a campaign to end the us of protest injections which are increasingly blocking democratic engagement in the UK.
FDC5- The Forest Defenders Conference series is steadily building an international network to articulate the needs, successes and demands of frontline defenders.
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