Registered Charity No.: 1194359 BORNEO NATURE FOUNDATION INTERNATIONAL TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AFFINITY ASSOCIATES ICAMBRIDGEI LIMITED ACCOUNTANTS AND STATUTORY AUDITORS MILL HOUSE MILL COURT GREAT SHELFORD CAMBRIDGE CB22 5LD
Bomeo Nature Foundation International Trustees. Report and Financial Statements For The Year Ended 31 December 2024 Contents Page Charity Information Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes lo the Financial Statements
Bomeo Nature Foundation International Reference and Administrative Infomiation For The Year End 310ecember 2024 Trustees: Mrs. Laura Jacqueline D'Arcy Ichairl Dr David John Chivers Mr. Andrew Nicholas Cliffe Ms. Claire Suzanne McLardy Ms. Eleanor Marie Monks Dr Susan Elizabeth Page Ms. Victoria Helen Smith Charlty Number: 1194359 Reglstered Offlce: Tremough Innovation Cenlre, Penryn Campus, Penryn Cornwall TR10 9TA Accountants.. Affinity Associates Icambridgel Limited Accountants and Slatulory Auditors Mill House Mill Court Great Shelford Cambridge CB22 5LD Independent examiners.. Tayabali & While Chartered Accountants 5 High Green Great Shelford Cambridge CB22 SEG
Bomeo Nature Foundation International Trustees, Report For The Year Ended 31 December 2024 The Trustees present their report together with the financial statements of Bomeo Nature Foundation International IBNFII for the year ended 31 December 2024. The Trustees confirm that the annual report and financial stslements of the charity comply with the current slatulory requirements, the requirements of the charity's governing document and the provisions of the Charities SORP IFRS1021- second edition (October 20191. Introduction Borneo Nature Foundation IBNFI is the trading name of 3 affiliated non-profit oryanisalions registered in the UK (Borneo Nature Foundation Intemational, Charity No. l 194359), Indonesia (Yayasan Bom80 Nature Indonesia, Foundation with Registration No. 73. 072.023.2-711.000) and France (Bomeo Alature Foundation Frnnce, Association Loi 1901 with Registration No. W012015356) and working together with a shared mission and vision. to collaborate lo protect Borneo's rainforest, one of the most important on Earth, with science, community-led conservation and education., for a world where people and nature thrive. With a 24-year track record of conservation action, BNF has grown from a pioneering research project in the 1990s-exploring the little-known peat swamp forests of Sebangau into a leading conservation organisalion. Today, our award-winning programmes restore degraded forests, safeguard endangered species and empower local communities across multiple landscapes in Indonesian Borneo. Our impact has been recognised globally, including through the Up-Link Trillion Trees Challenge, the World Economic Forum's People's Choice Award, and the Keeling Curve Prize for climate solutions. To build on this momentum, Borneo Nature Foundation International IBNFII was launched in 2021 to strengthen global awareness, harness scientific expertise, and secure long-lerm financial support. In 2022, BNF France joined the network, extending our outreach and fundraising lo French-speaking countries. Together, these oryanisalions form a powerful partnership dedicated to protecting one of the wodd's most vital ecosystems for future generations. Structure. Governance and Management Borneo Nature Foundation International IBNFII is governed by a Constitution dated 6 May 2021. The Charity is a Charitable Incorporated Organisalion (Foundation model) under the control of its Trustees. The Board of Trustees is the key body responsible for the governance of BNFI. The Scheme of Delegation, aulhorised by the Board of Trustees, sets out the exlenl lo which the Trustees have delegated responsibilities lo the Chair, Ils Commillees and the Chief Executive and Board of Directors. Any delegated authority must be exercised reasonably and with due care and attention. Decision-makers must consider the views of appropriate support services such as Finance, HR, Legal, or of other colleagues who have specialist knowledge of the subject maller. Decisions taken under delegated authority should always be tsken in such a way that they promote the efficient operation of the Foundation's objectives. The scheme of delegation is reviewed every two years to ensure il is relevant lo the circUmstanS of the day. The Board of Trustees al ils sole discretion may revoke the scheme of delegation or any part thereof at any time. The Board of Directors is formed of the Chief Executive and appointed Executive and Non-Execulive Directors as approved by the Board of Trustees. The Board of Directors collectively develops and implements a plan for delivering BNFI'S strategy and the policies and priorities of the Board of Trustees.
Bomeo Nature Foundation International Trustees, Report for the year ended 31 December 2024 {continued} Trustee Recrultment Process Trustees are appointed for a term of four years by a resolution passed al a propedy convened and quorale meeting of the charity trustees. In selecting individuals for appointment, the charity Iruslees must have regard to the skills, knowledge snd experience needed for the effective administration of the cio. Each new charity trustee is provided with a copy of the current version of the constitution and a copy of the CIO'S latest Trustees, Annual Report and Financial Statements. A charity Iruslee may retire by notifying the CIO in writing and may otherwise cease to hold Offi if specific clauses In the Constitution are meL A Chair Is elected annually by vote leach Trustee has an equal vote). There musl be at least three charity Iruslees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee. The maximum number of charity Iruslees is twelve. The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum. Charitable Aims and Objectives The Objects of the CIO, as set out in ils Conslitulion, are.. Environmental protection to promote, for the benefit of the public, the conservation, protection and improvement of the physical and natLJral environment. This is achieved by conserving biological diversity in Indonesian Borneo and by advocating for policies and practices that address the global climate crisis. Advancing education- to advance the education of the public in the conservation of tropical biodiversity in Indonesian Borneo, including the promotion of study and research, provided that the results of such research are made openly available to the wider public. Promoting sustainable development- for the benefit of the public by.. preserving, conserving and protecting the environment and ensuring the prudent use of natural resoUeS., relieving povety and improving living conditions in socially and economically dis8dv8n18ged communities in Indonesian Borneo., promoting sustainable methods of achieving economic growth and regeneration. Strategies to Achieve Our Objectives To deliver these objects and ensure public benefit, BNF International employs the following slralegies.. Advancing scien facilitating rigorous science in partnership with Indonesian and international institutions better lo understand ecosystems, wildlife, and local communities and to infomi effective conservation strategies. Slrenglhening programmes- enhancing the effectiveness of Borneo Nature Indonesia's conservation programmes through strategic advice, programme design support, monitoring and evaluation and capacity-building opportunities for staff and partners. Securing resources- raising funds through grants, long-lerm partnerships with corporate and individual donors, NGOS, and zoos worldwide to sustain and expand conservation action in Indonesian Borneo. Raising awareness deploying global outreach and education initiatives to strengthen conservation awareness and inspire meaningful action.
Bomeo Nature Foundation International Trustees, Report for the year ended 31 December 2024 {contlnued) Publlc beneflt In setting these objectives and delivering our slralegies, the Trustees have had regard to the Charity Commission's guidance on public benefit. Our work provides clear benefits to the public by safeguarding globally significant rainforests, supporting local communities lo improve their wellbeing and livelihoods, advancing scientific understanding of biodiversity and climate issues and inspiring global action on conservation. Performance and achlevements AdvanciTng science.. Over the past 12 months, BNF International.. Published landmark research papers documenting the biodiversity impacts of and recovery from fire disturbance in tropical peatlands, the ecology and conservation importance of lowland mosaic heath forest on Borneoand environmental education impacts, among others. Produced a port for local government gardIng biodiversity presence and conservation in the Barilo Ulu landscape. Supported novel student research projects, including two PhD lone Indonesianl, six masters, I0 Indonesian) and three bachelors, projects (two Indonesian), on topics ranging from bioacoustics to reforestation and ape ecology. Built a new field lab for monitoring orangutan health, kickstarting research on this understudied topic. Facilitated multi-disciplinary research projects within the KaLi consortium, including on multiple topics closely aligned with BNF'S goals le.g., reforestalionl, culminating in a highly successful workshop in Palangka Raya allended by numerous local government and community stakeholders that featured prominently in local media. StrengtheniTng progr8mmes.' Created and expanded a Datsbase repository lo store data and information from all of BNF'S working areas Finalised a Big Stats data file with all the information needed lo support funding proposals, partnership pitches and outreach. Provided quarterly processed Programmes M&E data to BNF international, especially important for grant reporting Analysed a huge tree planting, growth and survival dat8sel for our tree p18nting partners Analysed the impact of canal-blocking on peatland hydrology Assisted the development of BNF Indonesia's Annual Workplans and Annual Funding Matrix.
Bomeo Nature Foundation International Trustees, Report for the year ended 31 December 2024 {contlnued) S8curing rgsourcgs.. Continued successfully lo support Yayasan BNF Indonesia's conservation activities through a focused fundraising strategy. Stewarded 30+ existing partnerships with 1 OOO/D partnership retention and secured funding through the submission of 59 funding proposals. Recruited a Partnerships and Philanthropy Lead tssked with diversifying sources of income. Developed 8 5-year zoo engagement strategy Join the "Iyo for the Planer network to initiate new corporate partnerships Formalised BNF'S due diligence policy and procedure to verify legitimacy and integrity of potential funders, support greater transparency and accountability and protect beneficiaries and reputation. Rolled out a new Customer Relationship Management ICRMI sofvare internally to improve worthow and data management. Ralslng awareness Led the creative brand strategy, mission and vision, presenting the idea lo Yayasan BNF Indonesia and BNF International through pitches and workshops. Redesigned the BNF website lo make content more attractive and accessible for online audiences. Successfully launched a Big Give campaign, "Givg a Dam" to raise partnership funding and individual giving in support of our hydrology restoration acbvities. The campaign was extremely well received. Produced BNF'S impact report. Sent 45 email newslellers to supporters in the past 12 months. Oversaw an increase of web visits by 10,000, increase of social visibility by 35010, increase of subscribers by 700, increase of brand exposure via advertising, radio, events and more of 250k+ Worked with external fundraisers and partners lo host jumble sales, vinyl nights and engaging workshops for children., held local events at sustainability fairs, science fairs and careers fairs.
Bomeo Nature Foundation International Trustees, Report for the year ended 31 December 2024 {contlnued) Future Plans Over the next 12 months, focus will remain on BNF'S core objectives. In the Sebangau Landscape, BNF will.. Continue to implement the new 3-year agreement signed with the Sebangau National Park, which extends our working area lo the entire Park area. Continue to support the newly creative collaborative multi-stakeholder working group involving the Sebangau National Park, BNF, lF and BOSF, initially focused on coordinating canal- blocking efforts. Carry out replanting in Medawai, a new restoration zone in the soulh-wesl of the Sebangau National Park and will support the Pl PUM ecosystem restoration concession adjacent to the Park as well as conduct a new project lo protect rainforest habilal In the buffer zone belween the Park and Pl PUM. Place an increasing focus on social forestry in buffer zones, including both established and potential areas, partnering with like-minded NGOS in the region lo improve management of social forests. In the Rungan Landscape, BNF will.. Continue the transition from creating new social fOStry areas to managing and protecting existing ones,. and Continue the work to establish a protected corridor lo include social forestry areas, government protected areas and areas under private lease Iplanlations, ecosystem resloralion concessions). BNF will also explore long-lerm funding under nature-based solutions schemes. Cross-landscapes, BNF will increase ils focus on developing local capacity through.. more internal training., 8 SC8led-up scholarship scheme for Indonesian students and partners to develop the next generation of conservationists., a renewed education strategy to reach more people, in partnerships with the communications team to ensure wider local awareness of our activities.
Bomeo Nature Foundation International Trustees, Report for the year ended 31 December 2024 {contlnued) Financial Review Total income for 2024 was £713,370 with expenditure focused on programmes in Borneo and support functions in the UK. BNF International operates a reserves policy designed to hold sufficient unrestricted funds lo cover al least three months, operating Costs and to manage financial risk. At year end, reserves stood at £102,173, which Trustees consider appropriate. BNF Intemational does not hold Investments beyond standard bank accounts and the charity has no borrowings. 2024 principal funding sources (above £50,000 per yearl to BNF International came from The Orangutan Project1£279,3551, Arcus Foundation 1£135,0491 and the US Fish and Wildlife Service 1£77,5421. The Orangutan Project (TOPI is a long-term partner of BNF. TOP has supported the resloralion and patrol work of the BNF team in the Sebangau landscape since 2009, our vital Scien and monitoring programme since 2013 and activities in the Rungan landscape since 2019. In 2024, TOP'S support evolved to organisalional support across all areas of work of BNF. Arcus Foundation is also a long-lerm partner of BNF, having provided grant funding continuously through 3-year grant cycles since 2013. Arcus, latest grant provides general operating support that is vital in helping us achieve landscape protection, restoration and fire prevention and capacity building, training and research objectives. Over the years, BNF has also successfully applied for funding, and received valuable support from the US Fish and Wildlife Service, with the first gfftnl awarded in 2017. The current grant closes esrly in 2025 and has been funding personnel and programme costs for habitat protection, resloralion and habitat monitoring activities. Risk Management Approach The Trustees recognise their responsibility for identifying, assessing and managing the risks faced by BNF International In delivering charitable objectives. The principal risks identified during the reporting period include.. FITnancial sustainabiTlity.' relian on grant and partnership funding In a competitive and changing landscape, mitigated by bringing in new stsff with expertise in corporate fundraising to diversify income sources,. developing a prudent reserves policy,. close monitoring of cash flow,. and close allenlion to donor retention. Operational delivery.. logistical challenges and the risk of natural hazards such as fire, mitigated by detailed risk assessments and miligalion measures developed for landscape-wide projects,. emergency fire-fighting fund put in place., Performance risk,. failure lo achieve intended conservation outcomes or programme objectives due to environmental, technical or capacity conslrainls mitigated by close coordination and communication lines across BNF Indonesia and International to sel aliStiC tsrgels in funding applications and report and discuss any anticipated deviations lo funders in a timely manner,. staff training and staff recruitment where appropriate to bring in relevant expertise. Compliance and govemance risks.. ensuring Complian with UK, Indonesian and international laws and regulations, including safeguarding and data protections, miligaled by adoption of up-104ate policies and procedures in line with BS8848 guidelines, regular coordination with relevant authorities including Indonesian immigration and ensuring relevant agreements are in place, with lawyer oversight where necessary. Reputational risk.. potential harm from association with partners or funders whose values or practices conflict with BNF'S mission and vision, mitigated by developing a robust due4iligenee policy and careful monitoring of communications and stakeholder engagement.
Bomeo Nature Foundation International Trustees, Report for the year ended 31 December 2024 {contlnued) Reserves Policy BNF International's reserves policy requires that general reserves are reviewed on at least an annual basis to ensure they are at an appropriate level and sufficient to protect necessary expenditure in the short term from any sudden drop in income. Applying the assumption set out in the policy, we have decided for the 2025 fiscal year lo apply a range of £80,000 to £180,000 which represents approximately 8 10 18 weeks of budgeted unrestricted funds expenditure. Staff remuneration The pay of all staff is reviewed annually according lo BNFI'S pay policy to determine cost of living adjustments and whether any individual increases are warranted. In view of the nature of the charity, the Trustees benchmark from time to lime against pay levels in other similar organisalions. Statement of Trustees, responsibilities The Charities Act 1993 requires the Iruslees to prepare financial statements for each financial year, giving a review of the charity's activities during the year and showing its financial position al the end of the year. In preparing those financial statements, the trustees should follow best practice and.. select suitable accounting policies and then apply them consislenuy., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charity and lo enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Indopgndont Examiners The independent examiners are Tayabali & Vwiite, Chartered AccoLJntants, of Great Shelford. Approved by the Trustees on 2025 and signed on their behalf.. Dai•& TIMO 31 Otl. 25 15..r*..30GMT Mrs Laura J D'Arcy- Trustee
Bomeo Nature Foundation International Independent Examiner's Report for the year ended 31 December 2024 I report on the accounts of Bomeo Nature Foundation International for the year ended 31 December 2024. Respective responsibilities of trustees and examiner The TrLJStees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this period under section 43121 of the Charities Act 1993 Ithe 1993 Actl and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, it is my responsibility to.. Examine the accounts under section 43 of the 1993 Act., Follow the procedures laid down in the general directions given by the Charities Commission lunder section 4317llbl of the Act, as amended), and slate whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordan with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.11 also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and fair view, and the report is limited to those mallers sel out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to our attention.. 111 which gives me reasonable cause lo believe that, in any material respect, the requirements.. lo keep accounting records in accordance with section 41 of the Act,. and lo prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been mel., or 121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. Dated.. 31st October 2025 SRFWhite For and on behalf of Tayabali & White Chartered Accountants 5 High Green Great Shelford Cambridge CB22 SEG
Bomeo Nature Foundation International Statement of flnanclal actlvltles for the year ended 31 December 2024 Restricted Unrestricted Totsl Total funds funds funds funds 2024 2024 2024 2023 Notes INCOMING RESOURCES Donations 351 265,033 265,384 213,782 Charitable 8Ctivities 184,237 242,887 427,124 449,560 Other toding activities 19,676 19,676 44,540 Investment income 1,186 1,186 1,171 Total Income 184,588 528,782 713,370 709,053 OUTGOING EXPENDITURE Raising funds 186,505 186,505 189,747 Charitable activities 184.588 410,298 594.886 522,367 Total expenditure 184.588 596,803 781.391 712.114 Net deficit for the year being net movement in funds {68,021) {68,0211 13,0611 Funds brought forward al 1 January 2024 170,194 170,194 173,255 Transfer between funds BALANCES CARRIED FORWARD 102,173 102,173 170,194 The notes on pages 1110 14 form part of the financial slatemenls.
Bomeo Nature Foundation International Balance Sheet As at 31 December 2024 Notes 2024 2023 Fixed assets Tangible assets 10 2,600 417 2,600 417 Current assets Debtors Cash at bank and in hand 7,261 98,871 176,554 106,132 176,554 Creditors Amounts due within one year 11 16,5591 16,7771 Net current assets 99,573 169,777 Total assets less current liabilities 102.173 170,194 Net assets 102.173 170,194 Unreslricled fvnds 102.173 170,194 Total funds 102,173 170,194 On behalf of the Trustees Approved by the Trustees on 2025 and signed on their behalf". Signed D'Ar Mrs Laura J D'Arcy- Trustee The notes on pages 1110 14 form part of these financial statements. 10
Bomeo Nature Foundation International Notes to the Financial Statements for the year ended 31 December 2024 1.Accounting policios Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with Awounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities In preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 lèffeelive 1 January 20191. Going concern basis of aeeounting The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material UnrtaInlieS about the charity's ability to continue as a going concern. Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Trustees in the furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of administering such funds are charged against the specific fund. Designated funds consist of monies earmarked by the Trustees for specific purposes. Fixod Assets Fixed assets are staled at cost or valuation. Depreciation is charged at the following rate.. Office equipment 33 /0 on cost Foreign Currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling al the balanee sheet date. Transactions in foresing currencies are translated into steHing at the rate of exchange ruling at the date of Iransacb'on. Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Recognition of income Income is recognised and included in the Statement of Financial Activities ISOFAI when the charity becomes entitled lo, and virtually certain lo re1Ve, the income and the amount of income can be measured with sufficient reliability. Income receivable in cash as grants and donations is included in full in the slalement of financial activities as soon as il is ascertainable. Miscellaneous sales and bank interest are recognised on receipt. Identifiable income provided in kind is recognised as both income and expenditure. Recognition of expendituro 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. All expenses including support costs and governan costs are allocated lo the applicable expenditure headings. Raising funds include all expenditure incurred by the charity lo raise fLJnds for ils charitable purposes and includes costs of fundraising artivilies, events and non-charitable trading. 11
Bomeo Nature Foundation International Notes to Financial Ststements for the year ended 31 December 2024 Icontinuedl Donatlons Restricted 2024 351 Unrestricted 2024 238,979 25.812 242 2023 Individual Gift Aid Donations al events Give donations ivin via online lalforms 208,420 1,189 758 1,250 2,165 213.782 Le Total: £351 £265.033 Charitable Activities Restricted 2024 69,787 41,535 66,058 6,857 Unrestricted 2024 7,754 8,899 151,894 60,350 2023 Government rants Grants and artnershi s with Zoos Grants and artnershi s with NGOS Grants and artnershi s with Cor orates Transfer from artner or anisation Total: 83,630 71,073 271,086 23,771 £184 237 £242 887 £449 560 Other Trading Activities and Income Restricted 2024 Unrestricted 2024 6,167 2023 Field assistance to research students rima ose tradin Field course rima ur Consultanc work rima Book sales rima Merchandise sales Expenses repaid by partners {primary ur ose Iradin Other Total: 1,173 ose tradin ose todin ose Iradin 34,649 222 362 4,445 700 11,699 £19 676 3,689 Investment Income Restricted 2024 Unrestricted 2024 £1.186 2023 Bank interest £1.171 Expenditure on Raising Fund5 Support the furthèring of BNF'S conservation action in Indonesian Borneo Staff and contractor costs inc. taxes and pensions Office costs Travelling costs Website and software Operational costs Allocation of support and govemance costs Total 2024 Costs 2023 Costs 148,214 5,481 2,602 4,310 3,882 22,018 £186,505 143,792 18,120 16,050 1,840 5,872 4,073 £189,747 12
Bomeo Nature Foundation International Notes to Flnanclal Statements for the year ended 31 December 2024 {contlnued) Expenditure on Charitable Activities Act for and facilitate the advancement of rigorous science Enhance the effectiveness of BNF'S conservation ro rammes Strengthen conservation awareness and inspire action 69,139 2024 Total 2023 Total Staff and contractor costs inc. taxes and ensions Programme lemenlalion costs Office costs Research e Travellin costs erational costs Allocation of support and overnance costs Total 62,465 140,655 272,259 202,280 23,797 189,935 213,732 238,906 5,481 573 8,172 471 22,016 2,789 5,526 13,796 573 25,490 ment 9,981 3,551 22,016 4,738 1,565 22,016 22.579 7,387 12,219 5,587 66,048 £122.975 £368.927 £102.984 £594,886 £522.367 Support costs Support and governance costs for 2024 amount to £88,064 (£16,292 in 20231 and have been apportioned between the cost of raising funds and cost of charitable activities as follows.. 25O/D allocated to cost of raising funds and 75'ts allocated to charitable activities and split evenly between.. 11 act for and facilitate the advaneement of rigorous science, 21 enhance the effectiveness of BNF'S conservation programmes, and 31 strengthen conservation awareness and inspire action. 8. Cash flow statement Statement of Cash Flov for the year ended 31 December 2024 2024 2023 Net cash (used Inll provlded by operating activities 178.8691 {3351 Net cash flows from investing activities Interest received Change in cash and cash equivalents 177.6831 836 Cash and cash equivalents brought forward 176 $54 175718 Cash and cash equivalonts carried forward 176554 13
Bomeo Nature Foundation International Notes to Flnanclal Statements for the year ended 31 December 2024 {contlnued) Average Number of Employees Average number of employees, including directors, during the year was as follows. 912023 - 91. 10. Tangible fixed assets Computer Equipment Cost: At 1 January 2024 Additions 2,657 3,900 At 31 December 2024 6,557 Depreclatlon.. At 1 January 2024 Provided during the period 2,240 1,717 At 31 December 2024 3,957 Net book value: Al 31 December 2024 2.600 Al 1 January 2024 417 11. Croditors - amounts falling due within one year 2024 2023 Accruals and deferred income Pension creditor 4,332 2,227 5,120 1,657 6,559 6,777 12. Trustees, remuneration and expenses Fees of £604 12023 £6041 for payroll and accounting services were paid to Affinity Associates (Cambridge) Limited, fomierly Nicholas Cliffe & Co. Limited, a company of which A.N. Cliffe (Trusleel is a director. No other Iruslees received remuneration in the year ended 31 December 2024 12023 nil) and no expenses were reimbursed lo other trustees in the year ended 31 December 202412023- nill. 14