**2022** YAKUM ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2022 CONTENTS PAGE |Chairman’s Report|1| |---|---| |Trustees’ Annual Report|2| |Independent Examiner’s Report|5| |Financial Review|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes on the Financial Statements|10| CHAIRMAN’S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 ## CHAIRMAN’S REPORT In 2022, the post-COVID world watched as soaring temperatures, droughts, floods and forest fires hit record highs across the globe. In the face of these global climatic disasters, YAKUM has been more motivated than ever to reach its goals – reforestation and conservation of indigenous forests has never been more important. In 2022 YAKUM set out to organise its operations and administration to prepare for growth, to be able to respond to the global situation at an appropriate scale. Solid administration and operations enables development of a transparent, efficient and credible organisation. In the field, whilst doubling our tree planting operations through our teams in the Napo and Sucumbios provinces, and planting more than 200 species of trees, YAKUM also worked with Amisacho to develop and sell the Siekopai’s first community-harvested non-timber forest products, harvested by climbing 30-metre Morete palms and collecting medicinal mushrooms. Our Napo team were then trained in soil regeneration best practices and developed YAKUM’s first Soil Centre to generate tree nursery soil mix within the nursery itself from kitchen, agricultural and human waste, rainforest soil microorganisms, and biochar. We also implemented use of Inga leguminous trees and composting fruit trees in the field to improve forest regeneration and fruit production in our plots. Sacha Kuyrana youth purchased 3 hectares to reforest, built an edible mushroom lab, a fish farm and a commercial nursery. Further afield, Mike McColm carried out an interview process in Siekoya Remolino to design an ecological credits project to support forest and cultural conservation from the inside out. In the office, team member Juan Ponce built a new data management system to manage our tree planting data - a huge step forward in being able to evaluate our work and make our work transparent and visible to communities, our team, collaborators and donors. A robust accounting system set up by Trustee Zyg de Goris in collaboration with accountant Natalia Escobar, now enables greater administration capacity and the ability to analyse and report on our spending of funds. The UK Board of Trustees elected a new Chair, Alex McFarlane-Watts, who has done an exceptional job of mobilising the Trustees and producing YAKUM’s Annual Impact Report, of which you are reading the second edition. In 2023, YAKUM will consolidate its field teams, grow its work on non-timber forest products, develop a new strategy for fundraising and communications, and develop new tools to evaluate its impact so far. Support for YAKUM’s work has grown, and we are now executing projects with significant funding from serious partners Bos+, Rotary, LUSH and Regenerosity, all of whom trust our work. We are tremendously grateful to all our supporters, every one of whom make our work possible. 1 TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 ## Objects and Activities Summary of objects of the charity set out in its governing document. The mission and objectives of the CIO are: - Our Mission - Regenerating Amazonian rainforests, foods and cultures with indigenous communities. 1. Community initiatives - Identifying and supporting informed community-led initiatives. 2. Tree Planting - Selecting & planting the most useful, nutritious, or medicinal tree species and varieties with community partners . 3. Growing food forests - Establishing, caring for and monitoring trees to maturity. 4. Food sovereignty - Celebrating, harvesting, processing and selling Amazon superfoods. Summary of the main activities in relation to these objectives - Reforestation of indigenous territories with important trees producing important medicines, foods, and materials, which benefit the community directly through ecosystem services, improved access to food, improved nutrition and health, reinforcing cultural knowledge and identity, and providing livelihood. - Mapping territories improves forest management and provides communities with insight into economic, educational and cultural opportunities which contribute to conservation. - Workshops based around soil improvement, to improve food production and sequester carbon. - Workshops and follow-up on processing food provides a way for Amazonians to conserve their foods out of their short fruit seasons (Amazonian climate makes food rot incredibly fast and outside of fruit season there is little access to important vitamins) and provides alternative livelihoods. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. Policy on Social Investment. We do not make cash investments, although we consider our field work to be a considerable investment in community development and forest conservation ## Contribution made by volunteers Volunteers in Ecuador attending work “minga” days to help bagging up saplings and planting trees in Napo province. Volunteers in indigenous communities helping to carry out and monitor reforestation in their territory, support from them to accommodate our staff during visits. Volunteer support in communications and artwork from UK and Spanish friends. Some in-person medium-term volunteers have participated in diverse activities. 2 TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 ## Reference and Administrative details |Charityname|YAKUM| |---|---| |Registered charitynumber|1186064| |Charity’s principal address|2 BARKER CLOSE
RICHMOND
TW9 4ET| |Bank|The Co-operative Bank
6th Floor,
1 Balloon Street,
Manchester M60 4EP| |Independent Examiner|Best4Business
44-45 Beaufort Court
Admirals Way
London
E14 9XL| ## Trustees Alexander McFarlane-Watts Georgina White Zygmunt de Goris Jedrzejowski Corporate trustees Director name: ## Nicholas Ovenden ## Structure, Governance and Management Description of charity’s trusts: Foundation Charitable Incorporated Organisation (“CIO”) Type of governing document: Constitution of a Charitable Incorporated Organisation whose only voting members are its Charity Trustees Charity constitution: CIO Trustee selection methods: Personal search and recommendation Trustee selection policies and procedures. - Apart from the first Charity Trustees, every Trustee must be appointed 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. ## Risk Management The Trustees updated the risk assessment during the year and continue to monitor identified risks and seek appropriate mitigations. The Trustees believe that systems are in place to mitigate most significant risks. 3 TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 ## Policy for Induction and Training of Trustees New Trustees are taken through an induction process by the Chairman or another Trustee. Information for new Trustees is contained in an Induction Pack containing relevant policy documents. Trustees have access to courses and seminars relevant to their positions and have peer support through regular meetings. ## Trustees’ Responsibilities in Relation to the Financial Statements The charity Trustees are responsible for preparing a Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently. - observe the methods and principles in the Charities SORP. - make judgements and estimates that are reasonable and prudent. - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. 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 Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection for fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement as to disclosure to our Independent Examiners In so far as the Trustees are aware at the time of approving our Trustees’ annual report: - there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the company’s external examiner is unaware, and - the Trustees, having made enquiries of fellow Trustees, have each taken all steps that he/she is obliged to take as a Trustee to make themselves aware of any relevant audit information and to establish that the examiner is aware of that information. ## Trustee Remuneration and benefits. None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. By Order or the Board of Trustees Alexander McFarlane-Watts Chair Dated 7[th] July 2023 4 Cbrnty 1186061. Regijlnd. Eff£lxdand IV&lei YAKUM Independent Examiner's Report ror the vear ended 31" Decetnber 2022 liidependent F_yaminers R¢ortJoribe)'earended31" De¢ember2022 To the Trustees of YAKUM I repor[ on rh¢ ACLDUAts OE rhe ch#rttabk tn]5t. 1'.4KLF.11 (ttg. no.: 118&)64} for tht ve2t ended IL Respective responsibilities of Trustees and Examiner -Is the chanE%'s Ttustee5, you are ryoosible for the preparauon nf the accounis. lou coasider that a auoir Js not requlted fw Ihe year ended 315t D utsd¢r stcooo 144 of the Chariues .4ci 2011 Irhe".Icrf). And thar 9n Jndeptndcni ttsmination Js needed. It ib tny rtsP)0￿bi]lry to.. il t_KaminC rhc a￿OunrS (under stcrion 14) of the.4cT). ul To folloiv rhc procedurtt ￿"d domry) in the Gtnerni DirectiOEJS giNrn by the Charity Comrnis5Jon londer section 147151(b) of rhe.ltt). and ill) tn 4rare u'hcther p*nicEdxr matters h2%e come to my anentiort. Basis of independent examinees statement l}" exRtninaiion was cartted OUT Ln aCCo￿an(C wirh the Chatities .Itr ?011. .10 examination includes re&iew of the accowittng records kepr bTr' the chariti.and a comFatison of rh¢ *¢ounis presettted thDSt records. Il Jncludes consideratiott of any unusual iians or di5rlosure5 iti thc accounis and seeking explAnattons from Ihe Twsrtts concerning such nullers. The protcdure¥ undettakcn do rLOt PtDTrdt all thc ￿d￿}ce thar woujd be ryuired iti audiL and conse(wenrl3' no opinioll is pveo as to wh￿h¢[ Ihe accounts present a'ttue and faxe view. and the reporr LS iimired to rhose mAttets set out ￿ the srareo*ni below. Independent examiner's statement In The ctsurse tsE m}" examinarion, rto matEtr b95 mme tn m¥ 3rrerttton (other th3n rhaE th"sclosed below): il which ￿¥¢$ mt ieASonable cause ro beiitie d]at material rtspecr. the wuiretncnt5.' io kccp propei gccountJn8 Lecords Èr) accordance secrxon 130 of the.4¢r. to prtp#re 3ccounts Th.￿Ch accord 'th the accounuftg ftcord5 2nd compty with the arcounnng rtquiremtAt5 of the.4ct h3%t nor bcen mer.. or Ail ro which. Jn mi opinion. Atteotion sbould be dtraT%￿ ￿ order to tslablc a pw undcrsrgndJn8 of the ACLounis to be re#ched_ Nut*# Ortega ACCA llJe.lssociafii)rt of Charte￿d Certi6ed.4ccountants l)n behatEof B￿14b￿sineSS.l¢¢oUttta0ts & Co. Lt(L 44-45 Eltaulott Court tA)ndo Date.. 7ib Jui). l)J? FINANCIAL REVIEW FOR THE YEAR ENDED 31 DECEMBER 2022 ## FINANCIAL REVIEW Another year of incredible progress in 2022. Thanks to our partners we generated almost £150,000 of critical resource through grants and donations, an increase of 44% the previous year. In 2023 we are looking to maintain this rate of increase in fundraising to allow us to increase our impact further. Combined UK and Ecuador income was £ 147,472. The increase was achieved by the acquisition of reputable major donors who will continue to support Yakum in the future and continued support. There were also substantial private donations which contributed so much to Yakum’s survival in previous years and continued progress in 2022. ## Income Income to Yakum, as a whole, follows two different routes. To avoid double currency conversions donations received in currencies other than GBP are routed directly to Ecuador where possible. Income received in UK for the year 2022 was £28,796 (2021 £21,003). Income received by Yakum in Ecuador for 2022 was $146,704 = £118,674 (2021 £81,623). Funds transferred to Ecuador from UK were recognized as $47,474 Giving a gross total received in Ecuador of $194,178 ## Funds transfer to Ecuador The fund transfer issues we had in 2021 were resolved in early 2022 and we are now able to make transfers to Ecuador efficiently. ## Reserves UK reserves at the end of 2022 were £2,078 representing 6 months expenditure. However, in January 2023 we received a gift aid payment of over £5,000 which will cover costs for 18 months which the trustees consider to be more than adequate. 7 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ## Income and expenditure |**Yakum**
**UK**
**Note**
**Incoming**
**Resources**
Donations
1

**Total income**

**Expenditure**
Donation to
Yakum Ecuador
2
Cost of charitable activities
Annual report
Professional fees
3
Travel
Service Fees
Insurance
Licenses and
Internet
**Total expenditure**

**Net movement in**
**funds for the**
**year**
**4**
Funds brought forward
1st January
**Funds carried forward**
**31st December**|**2022**
**2021**
**Unrestricted**
**Restricted**
**Funds**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
14,096
14,700
28,796
5,794
15,209
21,003| |---|---| ||**14,096**
**14,700**
**28,796**
**5,794**
**15,209**
**21,003**| ||13,934
27,831
41,765
-
-
-
500
-
500
-
-
-
480
-
480
1,500
-
1,500
1,387
-
1,387
-
-
-
84
-
84
56
-
56
-
-
-
-
-
-
2,964
-
2,964
238
-
238| ||**19,349**
**27,831**
**47,180**
**1,794**
**-**
**1,794**| ||**- 5,253**
**- 13,131**
**- 18,384**
**4,000**
**15,209**
**19,209**
5,253
15,209
20,462
1,253
-
1,253| ||**- 0**
**2,078**
**2,078**
**5,253**
**15,209**
**20,462**| 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |**Balance Sheet**
**Note**
**CURRENT ASSETS**
Debtors
Cash at Bank
3
Total Current Assets
**CURRENT LIABILITIES**
Creditors- amounts falling due within 1 year
4
Accruals
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
Represented by:
**ACCUMULATED FUNDS**
**Unrestricted funds**
**Restricted funds**|**£**
0
4,254|**2022**
**£**
**2,078**|**£**
0
21,962|**2021**
**£**
**20,462**| |---|---|---|---|---| ||4,254
1,696
480||21,962
1,020
480
1,500|| ||2,176|||| |||**2,078**||**20,462**| |||2,078||**5,253**
15,209| |||**2,078**||**20,462**| Z de Goris Jedrzejowski Treasurer 9 NOTES TO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 1. Donations received in the year |Donor
Project
Lush
Pam Zygmunt de Goris
Other personal donations|Restricted
Unrestricted
14,700
13,000
1,096| |---|---| ||14,700
14,096| ## 2. Donations Made Donations received in mid 2021 were transferred to Ecuador in January 2022 ## 3. Cash at Bank |**Cash at bank and in hand**
**Currency**
**Bank**
**Currency**
**amount**
**Cooperative**
**GBP**
2,149.21
Cashplus
GBP
1,737.46
Equals
USD
-
PayPal
GBP
367.30
**Total Cash at bank and in hand**|**GBP**
**amount**

2,149.21

1,737.46

-

367.30| |---|---| ||**2,104.76**| ## 4. Creditors Representing Airfare expenses not reclaimed until 2023 ## 5. Trustee Remuneration and benefits. None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. 10