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2024-12-31-accounts

Charity number: 1189626

BE THE EARTH FOUNDATION

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

BAGINSKY COHEN

CHARTERED ACCOUNTANTS

BE THE EARTH FOUNDATION

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 47
Trustees' responsibilities statement 47-48
Independent auditors' report on the financial statements 49 - 51
Statement of financial activities 52
Balance sheet 53
Statement of cash flows 54
Notes to the financial statements 55 - 67

BE THE EARTH FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

S TABATZNIK, Chair

R STRENGEROWSKI B RAZACK

M HOSIOSKY (appointed 7 August 2025)

A MYERS (resigned 31 March 2025)

Charity registered number

1189626

Principal address

7 CAVENDISH SQUARE LONDON W1G 0PE

Independent auditors

BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT

Website

www.betheearth.foundation

Page 1

BE THE EARTH FOUNDATION 202 ANNUAL REPO BeThe Earth FOUNDATION Page 2

BE THE EARTH FOUNDATION Page 3

BE THE EARTH FOUNDATION our lamffily. taam. partners. and am Ilvln8 beln8L In 2024. Be The Earth and deds14xHnakln8 njodels rooted In tVUSL As Tvustees. contIn•￿d to dlrert ded by nature's the 1Tr51¥hts ol our luTrder all1￿ and Ilved those we Inieract A5 a couple. wekonbed a second chlld Imo Nve lourney has rethlorred our bellef that real tyan5fovmJtkpn happen5 Trot ol bekn8 kn seThke to the 114)WfShl￿ of all Itfe. May we C4)lltbwe io bulld Page 4

BE THE EARTH FOUNDATION Renata MinerlK> SOCIOCRACY Eve Anneck Our wvemance model Is We workln8 to ensure thai declslon-mak5nE Is collaboraih7e. equltable. and Adap¢ive. S￿1¢1(racY de(entTaAi5e5 authoriry. d15¢ributing re5pon5ibility airo55 interronnecied clrclès that embody S￿￿11[£ arèas of focu Te&&a Marketh Thls approach allows for (lear afcountablllty whlle fostertng a culiure of iTUSt. shared owner£hip. and rollective intelligenie. aligning with our rommitmen¢ to re8eneratfve system5 and economles that nurtute Ilfe. Rnanclal Legal Brow Andy Chaleff MJssey AnnE Ra￿[￿1 Gardner Mlsslo IE Straiexy Rena MlnerbD Bushra Razack Seth Tabh￿ni￿ Andrew t4yer5 Page 5

BE THE EARTH FOUNDATION THE WHOLESOME CAPITAL APPROACH WEALTH REDISTRIBUTION PHILANTHROPIC PARTNERSHIPS TRANSFORMATIVE EXPERIENCES Our Whole50me Capltal Approath 15 a s¢rategk framework that blend5 flnanclal 5teward5hAp wlth 50clal re5ponslblllty. Rather th* seeln8 ¢apltal as stsdc. vie vlew It as a dynamlc f4wce for relatlonshlps• communlty. and posldve chan8e. BeY0t￿ flnandal capltal. we harness dlverse resources - naturaL sodal 8t derstsndln¥ that true regeneratlon comes frotn Inte8radn8 all fonns of tr4ealth. Dlvetslty k at the heart of thls apwoart our efforts enrfched by muldple pe￿pe(d¥eS and asset PROGRAMMES. RETREATS & EVENTS REGENERATIVE FINANCE IMPACT INVESTING VIEW OUR THEORY OF CHANGE INSPIRING SToR￿ELuNG MARKETING & COMMS Page 6

BE THE EARTH FOUNDATION THE SPECTRUM OF CAPITAL Our Spectrum of Capltal. part of the Whtslesomt Capltal Approath. guldes futMI allotatlon and personallstd finanilal support for our partnerL li reflÈ(rs our tommitmetht to ustn8 dlverse capltal fvom grants to Impact Invesiments - io create meanlngfvl ImpacL By embfaclng a broad range (if financial too15. we ensure every deployment aligns with our mi55101L Company CORE COSTS POT sUppo￿n9 operadonal infrasmJctUTe and foundational needs ensuring the stren8th and 5tsbility of Be The Earth'5 0￿ra￿On Tntst-based donattons encour3￿n￿ experimenfadon and new oprx>mJnities allowing recipients the f￿edorn EO address presslng needs and learn by dorn& Investments In catatyijc relationships c fvndin& and colleciiwe proiects with like- inded pannew5. as well as sp)n50wing IM￿rnant in4tia Foojsed on creating tr3nslormatis expertences and driving cultural shilts toward regeneraiiorL Stra￿¢ Impact-dthn funding that exfftlmen￿ wtth bEended finance )de15 to de-risk arKI proiotype new buslne4s Idea& Dedlcated to proiotyping financial mode15 that regeneia G7Pital and prioritise social and environrtjental lrnpact with modest rewm& Page 7

BE THE EARTH FOUNDATION 2024 IN NUMBERS In 2024 we have disbursed. £952.396 We bellth* that Investments play an knportant wole In hvth -in philanthropic funding of dlfferent types ol flnandal capltat ranBln8 Irom donakn to and invested Founda￿On and all proflts are elther relnvested or donated seekln8 £242:8 1 -ol" under the same vision Page 8

BE THE EARTH FOUNDATION PHILANTHROPY 8t INVESTMENTS tqjllanthropy • InT￿StMents OVER THE YEARS 2020 202J 2022 2023 2024 Page 9

BE THE EARTH FOUNDATION DISBURSED BY REGION 2022 2024 OVER THE YEARS UK GLOBAL fo Éioo.000 È2Oo.(K￿ È31)0.(M)0 È400.(K•O £500.(￿ É600.( Page 10

BE THE EARTH FOUNDATION 2024 CIRCLE SPENDING 21J% i&rA Page 11

BE THE EARTH FOUNDATION 2024 £250 IN DETAIL EIJL152 Eii2.545 t2￿￿￿• t20.945 É15.417 Page 12

BE THE EARTH FOUNDATION IN ACTION. THIS LOOKS LIKL.. 53.4% 46.6% 29.5% 74.5% 25.5% E4)Ff Page 13

BE THE EARTH FOUNDATION 50.3% 49.8% 31.0% 93.9% Page 14

BE THE EARTH FOUNDATION THE STORIES BEHIND THE NUMBERS Page 15

BE THE EARTH FOUNDATION PRO ES Rooted In CQmTnunl¢y. d)ur Programmes elewate cha￿ge￿akerS (hrough human- ceii¢Ted. holi5¢ic experiences (￿rre￿lIed with our Fellow& By iiurturing those who drfve impact. we cultivate change from the ground up - filling unnoticed gaps and (reating ripples ¢ha¢ re50nate far beyond. Our 1*08rammes support Indlvlduals In creatlng change In the world around them. trustln8 In thelr wlsdom and Intultlon to brfn8 shared vlslon5 to Ilfe. 2024. we ran Pro8rammeE Flow Aura. & GI￿n8 Clrcle. VIEW OUR FELLOWS DIRECTORY Page 16

BE THE EARTH FOUNDATION FLOW FUNDING DECENTRALISING DECISION-MAKING Flow FundlTh8 was fouThdÈd by Marlon Wèber. a fourth-8enÈratlon phllanthroplst from the R(Ickefeller f4imily. who refer¢￿ tradidonal bureauiratic grAnt- making In favour of trust relatÉonshlp- bulldlrtg at thè heart of htr work It dècèntrallsès thè of d￿lS10Th-MakIng re8arding fund alloiation. distributing authorlty morè wlddy. We have bullt on Matlon's model to develop own Pro8ramme. whlch not only supports fund retipients but also mpowers athd cothnects leaders and artmsts actoss our three focus re8lon TOTAL DISBURSED= É227.302 | Page 17

BE THE EARTH FOUNDATION What stands out is how transformative it is to move money very fast without bureaucracy or red tape. lrfs created a different kind of energy flow. restoring trust in a way tharfs often missing in traditional funding systems. MANISH JAIN Deschoolino Champlon. Sworoj Fam>veNsiry C￿F￿ftdef. Flow FundeT Wlsdom Keeper Page 18

BE THE EARTH FOUNDATION SATISH KUMAR HELFNA NORBERG-HODGE Isljo VAtr4UANA SHIVA HOSKEN READ THEIR STOIUES HERE YAMIN MAIA Page 19

BE THE EARTH FOUNDATION 66 66 so grateful thot t&eAV IT￿ bvays of b¢lAw lft O•e of the been the ablllty to often wIthO￿ forn￿• organlsadons behlnd them. compored to tradldonal qrnRI-makln& there-s somethlng It It operates Oll such dlfferent value dIffe￿IlL These ore Indfvlduols who desplte huvljw Iltde The nlpple Is Port ol the moglG FOrn￿r Direcrorblsustainabillty Instiftn¢ Flow FunderAttivi La*yer. Auth￿. Climotr Justice Activis¢ Flow Funder Ivisdom Keeper Page 20

BE THE EARTH FOUNDATION vtE WVULVJ DANIELE LUSTODIO ALINE MATLILIA ROSENBERG READ THEIR STORIES HERE SCHIJLSCHFPJK FERFIANDES Page 21

BE THE EARTH FOUNDATION AURA INVESTING IN WOMEN AS DRIVERS OF REGENERATION ra Is one of Be The Earth"5 orl8lnal pnwammes. reclalmlng women's wlsdom as a transfonnatl¥e foKe for re8eneratln8 c1￿(reated by Renata Minerbo and Eve knnerke. it nur¢ures women leaders and their communities through a leminin centrir len5. Roo¢ed In care. 1¢ 5uppon5 attfvlsts. Indigenous l*xders. and ionimunlty bulldets shapln8 a tnore beautlful world. At Its heatL Aura stren8thens re8enerad¥e economles by focuslng on women - bulldinE the loundatlon for Snner. organi5ational. and coniniunity leader5hlp e55en¢ial for true regeneratlon. TOTAL DISDURSED= £78.163 Page 22

BE THE EARTH FOUNDATION Aura shifted my perspective. showing nie that activism is something that you do on a day-to-day basis. Irfs not just picketing on the streets: lrfs the sniall actions we take every day. DONA GEAGEA Woter Govemonce s￿1￿11S( PhD Reseotrchei on "Recommoning Water. Aura Fellow Page 23

BE THE EARTH FOUNDATION 11 // PATRICIA READ THEIR STOIUES HERE Page 24

BE THE EARTH FOUNDATION 66 ivhen ljolned A#rffj ffjy Ille fr1¢ ernpty. I dldii'i beyoJAd my chlldren and my it gave nle a soffe sp4vce where I could . beglR to flnd my pufftpose 4md dtscover who l tr￿llY ONL Femlnkne w1511om seelng beyond the Surface and perttmng ￿l￿t Isn-t Immedlately vlslble. Wben I wo5 ui•le ro open thls $0<¢711ed -thlrd eye • Auro Ilelped li￿ see that my Pffsslon Is helplng Othe￿ especl¢A I heywhy 17m I In thP ke1otloj￿￿p. PhD of A7hnent4 Aura Fellow Page 25

BE THE EARTH FOUNDATION GMNG CIRCLE REDISTRIBUTING WEALTH THROUGH COLLEcfivE WISDOM Glvtng Clrcle5. emerglng In the 19905. 8aln@d popularlty as a collaboratfve. tommunity-drlven phllanthropy mtsdÈL Often called -the way women glve.- they Challenge hlerarchScal flnanclal systems wlth t￿St￿ed fundln& Our Glvlng cl￿1￿ tonvtned slx remarkable W4)men - acdvlsts. experts. and thou8ht leaders io Co-create fundlne crfterla and distyibuie re50urres. democrat15ing phllanthropy. Dlscontlnued In 2025. It dell¥erÈd meanlnthil results but overfapped wlth Flow Fundln& whlch achleved slmSlar Impact with Je55 admin and fjme re5(iurre. R&i£LD TOTAI DISBURSED: £73.675 Page 26

BE THE EARTH FOUNDATION 14u>LiLA trVN>LLA CLAUDIA VISONI suzi ABBY ROSE WORKSH P HERE MUSA GWEBANI Page 27

BE THE EARTH FOUNDATION TS Llke a mycellal network weave conne(tlon5 and offer nour15hment acr055 the ec0S￿le￿$ In whlch we worl(. We creace and sUPI￿rt spaces for deep connÈctlon. ￿flec￿ts￿ and regeneratlon - r*cogn151ng thai flollrlshln8 be¥ln5 Wjth our relatiOll5hlp to sell. others. and nature. Each year. we IK•St and sponsor events across the UIL Brazll. and South Afrlca. t￿ether Fellows. Parmets. and fvlend5 to spark creatl¥lty. shate and nurnire colle(dvÈ In a world of growlng d15connertlon. we centre human connectlon In all we do. TOTAI DISBURSED: £75.1 74 Page 28

BE THE EARTH FOUNDATION OUR FIRST FESTIVAL UNITING GRASSROOTS AcfMSTS & WEALTH HOLDERS In July 2024. we h05ted our fi￿1 UK festlval at 42 Acrès. a regÈnÈratlvÈ retrèat In the heart of Somer5eL There. we Eathered 80 communlty members - 8ras5fOOts actmsts. wealth holdets. and Chan￿make￿ - for a transformatfvt ex￿rIenCe tha¢ en8a% head. hand5. and hearL ThtOU8h thou8ht-proYokln8 talks. C￿a￿Ve workshops. and soulful momÈnts of conneaion - from wild 5VlllllS to fireside Storytelling we nurtured trust. sparked collabotadon. and collectl¥e vt5ion f(Ir the tnore beautiful world our heart5 know 15 P0551ble. Page 29

BE THE EARTH FOUNDATION hlormally irfs about the outconies and the achievements. rather than How are you? How is your well-being. And so gatherings like this give me an idea of where we could be in the fiiture. lrfs beautiful. KATE TAYLOR-SMITH Direaor of Frocal Bloomirrg Ajumni. UK Fe51i¥al 2024 Attendee Page 30

BE THE EARTH FOUNDATION GATHEIL CONNECT. TRANSFORM JUNE AUGUST SEPTEMBER SEPTEMBER NOVEMBEJi *érar3 Page 31

BE THE EARTH FOUNDATION Llke e(o￿te￿5 thrlvlng through symb10515. our parther5hlp5 are bullt on tr￿5( tollaboratlon. and shared purpose. We move beyond tradltlonal grant-￿¥1￿ C0-crea￿￿E bespoke proje￿ that weave together pooled fvnd5. netWOTks. and alllances co ampllfy ImpacL A5 we learn how co move from an e%￿centrIC to an ￿4￿centrIC economy. our parthership5 are centred around reiiproiity: we 5trlve to add a5 much value as we der1￿ from thenL VIEW OUR RECIPROCITY HIVE Page 32

BE THE EARTH FOUNDATION POOLED FUNDS POOLING RESOURCES FOR GREATER IMPAcr We participate in Pooled Fund5. a%matln% flnanclal contrlbutlon5 from multlple donors to create a larger. collective resource that can be allocated Enore effertively wlth collaboratlve dedslon-makln& fundo C￿￿- HADNIC 50CIOAMBIENTAL TOTAL DISBURSED: £ 132.252 FLOW FUND Page 33

BE THE EARTH FOUNDATION CLICK THE MAP TO EXPLORE GIFTS SPACE FOR EMERGENCE We allocate a portlon of our phllanthropy budget to .￿ft5. trnst-based. unrestrlcted 8rants for mergent initiatlves to bloom. These are offered on a bas15 and suble<t to ITU51ee d15cre¢lon. TOTAL DISBURSED: £ 1 12.565 Page 34

BE THE EARTH FOUNDATION LEARN BY DOING We embody the concept of -learn by doln&- forglng strategic alliance5 to plor￿r regenerative approaches to wealth redlstrlbutlon - enabllng transfonnatlon through coltaboratlon and praC￿re. STRATEGIC ALLIANCES FOR TRANSFORMATION OTAL DISBURSED: £ 142. 160 OOAMA DE I ACTO INsT￿u Page 35

BE THE EARTH FOUNDATION NETWORKS WÈ actl¥e and loyfttl partldpants In meMbe￿h1p netwo￿ allgned to our values across both phllanthwopy and Investmen HE NEW PARADIGM IS BASED IN NETWORKS- - SATISH KUMAR .TOTAL DISBURSED: £ 13.4 17 OGIFE avoa THE FUNDER Environmentol Funders Network OF PRACTICE EDGE COLETIVO DOAR DE FORMA FUMDERS ALLIANCE toniic PATRIOTIC@ MILLIONAIRES Page 36

BE THE EARTH FOUNDATION SPONSORSHIPS We sponsor a range of even￿ publlcadons and prfzes that all8tt ¥Ath our mlssfton and C11ck bèlow to dlscover. TOGETHER WE GO FURTHER ITQTAL DISnURSED- É72.76.71 OXFORD LUSH REAL tlcsurgcncc &EIXLffllSt SPR PR NG ZE FARMING Next Frontiers Conference CONFERENCE Page 37

BE THE EARTH FOUNDATION •• PHILAN Rooted In experfmentadon and ImpacL our Phllanthroplc Venture Pot brld8es the space between phllanthropy and I￿estrnenL Irfs the final step In our Spe((rnm of Capltai before Impact Investment By str*e8kally deployln8 Jow-remrn capltal and experfmentln8 wlth blended Ilnance models. we sUPPOrt vlslonary Ideas that push the boundarles of fe8enerathe finance. Our alm Is to de-rfsL prototype. and open new pathways year eXperIen￿al re8enerathTe a8Tlculture tralnlng prozramme ploneered by TOTAL DISBURSED: £25.000 Page 38

BE THE EARTH FOUNDATION The prlnciples of regeneration tunlng In. observlng. adapting - can-t be learned in a classroom. They need to be experienced. The accelerator model. with its immersive. hands-on approach felt the perfect fiL CLARE HILL Regenerotive Fam7er C<>FOur￿r of Planton Fom7 & R￿ts to Regeneroiio Page 39

BE THE EARTH FOUNDATION he week after I left lob. I tTansforn•udont7L ce g I had never navlgotÈd before. hovlllg always worked In larger corpornte se(￿ng READ THE STORY HERE On that Ilrst nlghc slttlng In a clrcle around a Ilre. we were osked.. Whot are yot• leowlng behlnd? Seventeen Ye0￿ of corporote hurt I sal4 throwlng o sdck Into the flankek- Page 40

BE THE EARTH FOUNDATION Ii4VESTMENTS Investments allgn wlth the same mlsslon and ethlcal prlnclples as our philanthropy. channelin8 all our wealth service of lih. We value prollts that go beyond money. Invesdng In soclal. natural. and splrftual wealth wÈth equitable thrnls for falr return5. We i(Kreate mode15 that hallenge the profit￿￿ven 5¢atus quo. prforft151ng ecoDomfje5 that benellt both people and planeL Operatin8 within a c105ed-loop model. our investment arnj - a 5ubsldlary of the pa￿￿( foundatlon - reln¥ests prollts to fvrther mlsslon. TOTAL INVESTED: É242.8 10 VIEW OUR PORTFOLIO Page 41

BE THE EARTH FOUNDATION My favourite thing about Roots? lrfs a bit f""k the system-. but in the humblest way. we.re just people growing food in a field. ED MORRISON F￿nder of R￿)ts Allotsrjents Page 42

BE THE EARTH FOUNDATION R•• love physAca people ond to me s￿. come here energf. In our people wlth tha nq the Impart ￿ hove on our sltr& Pe<wle r ve h d a redlty shlt wee Ily ¢leansed of thot I heolth CAts& pro¥ldl Is amazln We've seen a 221% ot our Bath stte4n hedgeh(w Ilttern thls creo5e In blodlver51ty 3 Yea￿ we.ve Ik7d 3 READ THE Whlle everyone on s l Aned1#7 bees. buttertlles. and moths are one ol our Roots sitéR the￿re Creodng these bt75tlons f sofe 1$ wlcked. I lo1￿ IL- st wal In abu sftkr ance. IllnatO￿ _ Page 43

BE THE EARTH FOUNDATION LESSONS LEARNT 8t WISDOM EARNT 2024 was a year of sl%nlftcant challenges. partlcularly In governance. We weshaped our team to allen wlth both Be The Earth's evolvlng vlslon and the peT50nal a5pITatlon5 (If those 1¢: seeking the dellcaqe We navl8at@d d￿PIY human thallÈn8ts - wlth tx￿￿￿tIng bolh These moments tested us. yet reaffirmed thaL as a Ilvln8 System. Be The Earth remalns ￿llIe￿L Our ablllty to adapL support one another. and move forward wlth Integrfty Is at the core of how we operaie. Thi5 year brought a key realisaiion= our approaih to irnp￿t investing needs a re5eL To align more deepty viith our mi55ion. v•e tnade the Strategic detision to pause neY4 investnients and refl￿t how Be The Ear¢h caD best rontribute ¢0 the seaor. But beyoDd reasse55ing Investments. we ha¥e also leamtd that our own flnanclal model needs to be as ￿lIlent as the futhre we seek to ctwte. Be The Earth Is not a convendonal 8rant-8lver. a typlcai NGO. nor a tradltlonal Investor. 1¢ gulde5 how we (1￿￿•ale capltal wlth Intentlon. ¢nsutln8 that phllnthropy Investnn¢ and tollaborkn tO8etlw to dtl¥e rtal change. In 2025. our fotus Is to refine thls model. noi just to 5UStaln Be The Earth. bui to ampllfy Impact - flowln8 ￿s0￿￿ In ways that t￿lY nurture all beln8 Page 44

BE THE EARTH FOUNDATION 2025: BEYOND FUNDING tundln8 aTMI Investlng- 8enèratlve flnante space. We remakn commltted to alon8slde Ilke-mlnded funders. foundad4)ns. and UHNWIS who undw5tand that capftsl rnu5t Ilow to create changw. thai belng abou¢ IL As we move Into 2025. we are ready to expand the conversatfo share more of lourney. and brlDg s¢akeh¢)Ide￿ Into the fOOnL The tlme has come to fotm a bttsader alllantè tommltted to re¥erteratlve fu￿**$- collectlvely to reshape how wealth Is d1sts1b￿ed and stewarded for planetary wellbeln Page 45

BE THE EARTH FOUNDATION AT IS CREATED BY Hu￿kns CAN BE CHANGED BY HUMANS Page 46

BE THE EARTH FOUNDATION

FINANCIAL REVIEW

GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

RESERVES POLICY

The target minimum Reserve Fund is equal to three months of average costs. This will be calculated each year after approval of the annual budget, and reported to the Trustees. Reserves are intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, or uninsured losses. Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap. If the Reserves are used, they will be replenished within a reasonably short period of time.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

Be The Earth Foundation is a registered charity, number 1189626, and is constituted under a Trust deed.

METHODS OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

FINANCIAL RISK MANGEMENT

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

STAFF HANDBOOK

A Staff Handbook outlining the way in which Be the Earth Foundation interacts with, governs, protects, and supports its staff is currently under review to ensure it is aligned with the principles of the organisation.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report 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 requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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BE THE EARTH FOUNDATION

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 members of the board of Trustees on 29 October 2025 and signed on its behalf by:

S TABATZNIK (Chair of Trustees)

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BE THE EARTH FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BE THE EARTH FOUNDATION

OPINION

We have audited the financial statements of Be The Earth Foundation (the 'charity') for the year ended 31 December 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, 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 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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

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BE THE EARTH FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BE THE EARTH FOUNDATION (CONTINUED)

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of our knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements 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.

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

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 Auditors' 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 50

BE THE EARTH FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BE THE EARTH FOUNDATION (CONTINUED)

• In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

USE OF OUR REPORT

This report is made solely to the Charity's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. 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 Auditors' 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 its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT

29 October 2025

Page 51

BE THE EARTH FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME FROM:
Donations
4
Charitable activities
5
Investments
6
TOTAL INCOME
EXPENDITURE ON:
Charitable activities:
Grant expenditure
7
Grant related support costs
8
TOTAL EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
Transfer between reserves
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2024

£
2,061,426
689
35,103		 Restricted funds
2024
£

53,454
1,000

-
Total
funds
2024
£

2,114,880
1,689

35,103
 Total
funds
2023
£

1,978

16,212

10,493
2,097,218
54,454
2,151,672		 28,683
860,669
337,354
106,146

-
966,815

337,354
686,898

238,873
1,198,023
106,146
1,304,169		 925,771
899,195
(51,692)
847,503		 (897,088)

4,004,070
899,195
(30,144)


21,548

(51,692)
30,144


4,025,618

847,503
-

4,922,706

(897,088)
4,873,121
-		 4,873,121 4,025,618

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 55 to 67 form part of these financial statements.

Page 52

BE THE EARTH FOUNDATION

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling due within one year
15
NET CURRENT ASSETS / LIABILITIES
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
16
Unrestricted funds
16
TOTAL FUNDS		 2024
£
3,272,689
1,669,768		 2024
£
3,493
100,000
 2023
£



4,529,613
1,619,059		 2023
£
-
100,000
103,493




4,769,628
 100,000




3,925,618
4,942,457
(172,829)		 6,148,672
(2,223,054)


4,873,121 4,025,618

-
4,873,121
21,548
4,004,070
4,873,121 4,025,618

The financial statements were approved and authorised for issue by the Trustees on 29 October 2025 and signed on their behalf by:

S TABATZNIK (Chair of Trustees)

The notes on pages 55 to 67 form part of these financial statements.

Page 53

BE THE EARTH FOUNDATION

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities 18
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Purchase of tangible fixed assets
NET CASH PROVIDED BY INVESTING ACTIVITIES
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
Cash and cash equivalents at the beginning of the year
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR		 2024
£
19,506		 2023
£

(1,318,226)
35,103
(3,899)
10,493

-
31,204
10,493
50,710
1,619,058
(1,307,733)

2,926,791
1,669,768
1,619,058

The notes on pages 55 to 67 form part of these financial statements

Page 54

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

Be The Earth Foundation is an unincorporated Trust registered as a charity in England and Wales. The address of its principal place of business is 7 Cavendish Square, London, W1G 0PE and the nature of its operations are set out in the Trustees' Report.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Be The Earth Foundation 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.

2.2 INCOME

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 55

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES (CONTINUED)

2.3 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.4 INTEREST RECEIVABLE

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 INVESTMENTS

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.6 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 CASH AT BANK AND IN HAND

Cash at bank and 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.

Page 56

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES (CONTINUED)

2.8 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.9 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGMENT

In the application of the Charity's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimate and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods

Page 57

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. INCOME FROM DONATIONS

Donations
Gift Aid received from subsidiary undertakings
TOTAL 2024
Donations
Grants
TOTAL 2023
5.
INCOME FROM CHARITABLE ACTIVITIES
Retreats and events
6.
INVESTMENT INCOME
Bank interest receivable		 Unrestricted
funds
2024
£
-
2,061,426
2,061,426		 Restricted
funds
2024
£

53,454

-		 Total
funds
2024
£

53,454

2,061,426
53,454
2,114,880

Unrestricted
funds
2023
£
500
-
500
Restricted
funds
2023
£

-

1,478

Total
funds
2023
£

500

1,478
1,478
1,978
Unrestricted
funds
2024
£
689
Restricted
funds
2024
£
1,000

Total
funds
2024
£

1,689
Unrestricted
funds
2024
£
35,103
Total
funds
2024
£
35,103

Total
funds
2023
£

10,493

Page 58

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. ANALYSIS OF GRANTS

The table below shows the grants to institutions and individuals:

Programmes
Aura
Blooming
Blossom
Flow Funding
Giving Circle
Retreats & Events
Programme Overheads
Partnerships
Bridging
Networks
Pooled Funding
Sponsorship
Mission & Strategy
Passion Pot
Learn by Doing
Discretionary
General
Design & Communication		 2024
£
78,163
-
-
227,302
73,673
49,207
-
25,000
13,417
142,252
72,767
124,156
142,160
-
18,718		 2023
£

20,101

83,588

826

90,577

74,588
69,505

14,063

62,500

9,000

138,265

50,000
-
-

62,722

11,163

686,898
966,815

Page 59

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. ANALYSIS OF SUPPORT COSTS

Auditor's remuneration
Bank charges
Computer expenses
Consultancy
Depreciation
Difference on foreign exchange
Learning and development
Legal and professional fees
Office expenses
Staff costs
Travel and meetings
TOTAL 2024
Bank charges
Computer expenses
Consultancy
Independent examination
Learning and development
Legal and professional fees
Office expenses
Staff costs
Travel and meetings
TOTAL 2023
9.
AUDITORS' REMUNERATION		 Grant Making
2024
Governance
2024
Total funds
2024
£
£
£
-
5,400
5,400
824
-
824
8,626
3,697
12,323
33,112
14,191
47,303
-
406
406
16,139 - 16,139
1,250
536
1,786
15,188
10,126
25,314
781
335
1,116
101,034
100,284
201,318
20,086
5,339
25,425
197,040
140,314
337,354
Grant Making
2023
Governance
2023
Total funds
2023
£
£
£
5,696
-
5,696
9,296
3,984
13,280
30,803
13,201
44,004
-
3,300
3,300
14,151
6,065
20,216
9,222
6,148
15,370
2,141
224
2,365
55,133
55,132
110,265
21,938
2,438
24,376
148,380
90,492
238,872
Fees payable to the Charity's independent examiner for the independent
examination/audit of the Charity's annual accounts
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above		 2024
£

5,400
-		 2023
£

3,300
6,929

Page 60

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. STAFF COSTS

Wages and salaries
Social security costs
Contributions to pension scheme		 2024
£
180,438
15,503
5,377		 2023
£

98,144

9,470

2,651
201,318
110,265

The average number of persons employed by the Charity during the year was as follows:

2024 2023
No. No.
Administration 5 3

No employee received remuneration amounting to more than £60,000 in either year.

11. TRUSTEES' REMUNERATION AND EXPENSES

During the year, one Trustee has been paid remuneration or has received other benefits from an employment with the Charity and this was approved by the Charity Commission. The value of Trustees' remuneration and other benefits was as follows:

2024 2023
£ £
R Strengerowski Remuneration 48,000 26,769

During the year ended 31 December 2024, travel expenses totalling £2,713 were reimbursed to 2 Trustees (2023 - £5,646 to 2 Trustees).

Page 61

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

  1. TANGIBLE FIXED ASSETS
COST OR VALUATION
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for the year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
13.
FIXED ASSET INVESTMENTS
COST OR VALUATION
At 1 January 2024
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Computer
equipment
£
-
3,899
3,899
-
406
406
3,493

-
Investment in
subsidiary
company
£
100,000
100,000
100,000
100,000

Page 62

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13. FIXED ASSET INVESTMENTS (CONTINUED)

PRINCIPAL SUBSIDIARIES

The following was a subsidiary undertaking of the Charity:

Name Company Principal activity Class of Holding
number shares
Be the Earth Investments Limited 07641556 A social enterprise working in
Ordinary
100%
unison with Be The Earth
Foundation to provide flexible
funding and investment in
businesses
committed
to
accelerating the regeneration of
life
on
earth.

The financial results of the subsidiary for the year were:

Name Income/Gains Expenditure Profit/(Loss) for Net assets
£ £ the year £
£
Be the Earth Investments Limited 699,292 (140,032) 559,260 5,631,382
14. DEBTORS
2024 2023
£ £
DUE AFTER MORE THAN ONE YEAR
Amounts owed by group undertakings 3,071,510
2,376,994
3,071,510
2,376,994
DUE WITHIN ONE YEAR
Funds held with overseas Partners 101,321
60,751
Gift aid receivable from subsidiary -
2,061,426
Other debtors 20,000
30,000
Prepayments 79,858
442
3,272,689
4,529,613

Page 63

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxation and social security
Accruals
Deferred income
DEFERRED INCOME
Deferred income at 1 January
Gift aid receivable from subsidiary
Restricted donations deferred during the year
Amounts released from previous periods		 2024
£
65,721
7,568
31,200
68,340		 2023
£

39,073

-

56,427

2,127,554
172,829
2,223,054

2024
£
2,127,554
-
45,000
(2,104,214)

2023
£

-

2,061,426

66,128

-
68,340
2,127,554

During the year, gift aid receivable from the trading subidiary of £2,061,426 in relation to 2023 profits were received and recognised as income in 2024.

Deferred income at the year end relates to three restricted grants, two relating to the Milipede Foundation and one relating to the Land, Food, Medicine project in 2025.

Page 64

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at 1
January 2024
£
Income
£
Expenditure
£
Transfer
between
reserves
£
UNRESTRICTED FUNDS
General Funds
4,004,070
2,097,218
(1,198,023)
(30,144)
RESTRICTED FUNDS
Land, Food and Medicine Programme
-
30,006
(60,150) 30,144
Aura Programme
21,548
19,448
(40,996)
Retreats and Events
-
5,000
(5,000)
21,548
54,454
(106,146)

-
TOTAL OF FUNDS
4,025,618
2,151,672
(1,304,169)
-
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 January
2023
£
Income
£
Expenditure
£
UNRESTRICTED FUNDS
General Funds
4,881,056
27,205
(904,191)
RESTRICTED FUNDS
Land, Food and Medicine Programme
-
1,478
(1,478)
Aura Programme
41,649
-
(20,101)
41,649

1,478

(21,579)
TOTAL OF FUNDS
4,922,705
28,683
(925,770)		 Balance at 1
January 2024
£
4,004,070		 Balance at 1
January 2024
£
4,004,070		 Income
£

2,097,218		 Income
£

2,097,218		 Expenditure
£

(1,198,023)		 Expenditure
£

(1,198,023)		 Transfer
between
reserves
£
(30,144)		 Transfer
between
reserves
£
(30,144)


Balance at 31
December
2024
£

4,873,121

-
-
-
-
21,548
-
30,006

19,448
5,000
(60,150)

(40,996)

(5,000)
30,144
21,548
54,454
(106,146)
 -
-
4,873,121
Balance at
31 December
2023
£

4,004,070

-

21,548

21,548

4,025,618
4,025,618
2,151,672		 -
-
41,649
1,478

-
(1,478)

(20,101)
41,649
1,478
(21,579)
4,922,705
28,683		 (925,770)

Page 65

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD

Unrestricted
funds
2024
£
Tangible fixed assets
3,493
Fixed asset investments
100,000
Debtors due after more than one year
3,071,510
Current assets
1,802,607
Creditors due within one year
(104,489)
TOTAL

4,873,121
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD
Unrestricted
funds
2023
£
Fixed asset investments
100,000
Debtors due after more than one year
2,376,994
Current assets
3,684,002
Creditors due within one year
(2,156,926)
TOTAL
4,004,070		 Unrestricted
funds
2024
£
3,493
100,000
3,071,510
1,802,607
(104,489)
 Restricted
funds
2024
£

-

-

-

68,340

(68,340)		 Total
funds
2024
£

3,493

100,000

3,071,510

1,870,947

(172,829)
4,873,121 - 4,873,121
Restricted
funds
2023
£

-

-

87,676

(66,128)
Total
funds
2023
£

100,000

2,376,994

3,771,678

(2,223,054)
21,548
4,025,618

Page 66

BE THE EARTH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING 18. ACTIVITIES

Net income/expenditure for the period (as per Statement of Financial Activities)
ADJUSTMENTS FOR:
Depreciation charges
Interest received
Decrease/(increase) in debtors
Increase/(decrease) in creditors
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES		 2024
£

847,504
406
(35,103)
1,256,924
(2,050,225)		 2023
£

(897,088)

-

(10,493)

(2,615,837)

2,205,192
19,506
(1,318,226)

19. RELATED PARTY TRANSACTIONS

During the year to 31 December 2024, the Charity held events at 42 Acres at a cost of £32,222 (2023: £46,903) and provided a grant of £30,000 towards Agriwilding (the process of rewilding parts of land). Two of the Trustees, Mr S Tabatznik and A Myers are directors of 42 Acres Limited and the charity's subsidiary, Be the Earth Investments Limited, is a minority shareholder in 42 Acres Limited.

At the year end, a loan balance of £3,071,510 (2023: £2,376,995) was due from the Charity's trading subsidiary, Be the Earth Investments Limited, in support of its activities.

Page 67