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 subleFOur￿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& PeINCOME 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 12. 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