Registered number: CE025409 Charity number: 1195208 THE REGENERATIVE VITICULTURE FOUNDATION (A charitable incorporated organisation) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl CONTENTS Page Trusts8s' raport Independent examiner's report Statsment of financial acti¥iti8s Balance sheet Not to th• financlal statsm•nts 10-20
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together V1h the finanoal stslements of the Charity for the year1 January 2023 to 31 December 2023. The Trustees confimi that the Annual report and financial statements ol the charity comply wth the current statutory requirements, the requirements of the charivs goveming document and the provisions of the Statement of Recommended Practice {SORPI applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Ob1ècV0 nd actlvltlos a. Policies and objectives The objects of the CIO are, for the public benefft.. 111 To advance education in sustainable fanning and land management ¢hniques in viticulture including by.. lal the promotion and funding of research and the publication of the useful resutts thereof, and Ibl infomiing growers about differenl ways in which they might adopt more sustsinable and environmenlalty friendly land management and growng techniques and related activilies. 121 To promote the improvement of the physical and natural environment by promoting biological diversity wrthin vilicukure. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a chanty IP821'. The Vision of the CIO is "Working wth natu to creale a Sustainable future for vineyards, growers and the planet. and the Mission is'To support the transition towards regenerative viticuliure.. b. Strat•gles for achieving obje¢tiv•s caling a netwoth of wne producers. researchers and leaders in regeneratwe agriculture and vili¢ullure Advancing research to SentifIcallY prove arKI practically demonstrate the environmental and economic benefits of biodiversity in wtscullure Developing resources and programmes lo infomi and support the educators at key wne institution$ Raising awarene55 of the ideas, importance and benefits of bdIVerSIty in vilicuf(ure via seminars, workshops, social media events and talks Creating support, resource and training slructures for people wanting to leam how to implement the techniques and reap the beneffts of regeneTalive vrticulture Page 1
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Oblo¢¥•$ and actlvltl•$ l¢ontlnu•d) c. Activities undertaken to achieve objectives Continued to raise funds to support ath'vitses Recrurted a Programme Director with responsibilib.es induding communieating to growers. retsilers, wne organisations via websrte. social media and newsletter., collaborating wrth partner organisations Continued lo reach out lo regenerative wine produceTS from around the worfd, initially focused on English speaking wines regions. including the US. South Afn'¢a. Australia. NZ and the UK Written a guide to Regenerative Vibculiure and worked with website developer to progress f( to beta testing stage as an online self-assessmenl tool to". Identify practices that we consider to be usefvl in famiing vines regeneratively To help growers recognise good pradices they already have in their vineyards, assess their level of integration and ¢Jiscover other practices that they could consider To find out where growers most feel they need support so that we know ere best to direct resources To signpost growers lo local Iike-minded vineyards. to fom the basis of regenerative eommunities Undertaken a Lrterature Review of regenerative vrticulture wilh the National Institute of Agricultural Botany Trust INIAB is a registered charity and a centre of Innovatson in crop science in the UK and across the worfdl.. Scientific analysis of all the published peer-reviewed studies {around 1701 that relate lo regenerative vilicukure Identifying scientific evidence that supports RV and gaps in evidence, so that we can direct resources Organised RVF speakers lo attend seminars and eonfeTen¢es in perwn and online throughout thè year. This has enabled good practice to be shareil an¢J raise¢J the profile of both RV and the RVF. building credibility for the Foundation Developed awareness of our work and developments in RV globally wa newsletters and social media.. Monthly Newsletter Isubscribers doubled ftom 500 to over 1000 subscribers, representing 55 countries (split 24% UK, 22% USA. 8% Australia. 6% France, 39% other) Consistent social media engagement inueasing followers lo 850 for 'nkedln, 600 for Instsgram, and 140 for Facebook Linked wlh like-minded organisalions such as Napa Gen. Inlemalional Wineries for Climate Action, Porto Protocol and Sustainable Wine Round Table to maximise reach and avoid duplication of efforts Linked wth academic5. authors. joumalists specialitie5 in the field of regenerative viticulture 8uilt a datsbase of resources in the fomi of portS. articles. podcasts. videos and case studies Ithich will provide evidence of the benefits of regenerative faming practices in vineyards Page 2
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Oblo¢¥•$ and actlvltl•$ l¢ontlnu•d) d. Main activities undertaken to further the Charitys purposes for the public benefit Raised awareness of regenerative viticutture through participation in online and in person events globally. sharing best pradice wrth a broad Tange of audiences. including growers, wine educators. large retailers, with RV now included on the syllabus ofthe leading wne education programme Provided a source of informab.on and point of contsct for grape growers around the worfd who need 5UPPOrt and information lo rebuild their vineyard soils and ieslore biodiversity above and below ground, mib'gating climate change Undertaken a literature rewew vh)ich. vh)en published in 2024, will proville the lentifiC evidence behind R V and highlight where research 1$ required, enabling resources to be directed towards gaps in the evidence base stsrted a free online repository of s¢ienb'fic reports, artides, podcasts, videos and case studies lo inspire growers and give them the confidence to affect change Developed an R V Guide to bela lesb.ng stsge vA)ich. vthen published on the RVF website, will enable grape growers to identify existing good viticurture practices. assess how integrated they are in their vineyard management and discover new practios that they Could Consider. These practices can help regenerate vineyard soils and biodiversty lo deliver a healthy vineyard ecosystem vthich in turn will help the global fight against species loss, environmental degradation and climate change. The R V Guide's accompanying map will enable growers lo find others near them who are also trialling RV for peer-lo-peer support. This will accelerate uptske as growers can see success or failure of specffic practices in similar contexts to their own Developed ideas around caibon insetting and ¢reats"ng finanual incents"ve$ tor wine producers to sequester carbon in soil Shared content on social media and via monthly newsletter, showcasing goc*d practice around the world, informing growers of what is possible. inspiring change. sharing events lo enable growers lo find support locally In the UK, hosted evenl$ al vineyards to share good prath.ce in petson, lrialling a template for regional groups globally A¢hievemtrnts and rfOrmanC& . Maln achS8V8mgnts of th8 Charity Secured fvnding via donation5 (one-off and annuall induding wine produceT5, dislribLrtors, inslilutions, publications as well as from private donations Hired a Programme Director (Rebecca Sykes) who started in April 2023, has an Msc in Viticulture and a strong track record in govemance. This has resulted in a new delegated committee structure wlh robust temis of reference, reporting to quarterly, minuted full trustee meets'ngs Increased awarenes5 of the benefits of regenerative VTb"cultuTe across the wne industry Developed a ¢onla¢t database of prath"tsoners in generats"Ve farming vtho have evidence of the environmental beneffts Become a credible source of inform8ts.on for growets seeking to find out about RV Page 3
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Flnan¢lal r•vl•w . Going concern After making appropriate enquiries, the Trustees have a reasonable expectats'on that the Charity has adequate resources to continue in operational existence for the foreseeable fijture. For this reason, they continue to adopt the going concern basis in preparing the financial ststements. Further details regarding the adoption of the going concern basis ¢an be found in the accounb.ng lICies. b. Rosorves policy Rationale Reserves - the fund$ a ¢harty keeps in reserve - can strengthen a charity's resilience again$l, for example. drops in income, the demands of a new project or other unexpected need for fvnds, or covering unforeseen operational costs. Reserve5 are that part of a charity's unrestn.cted funds that is freely available lo spend on any of the charity's purposes. A good reseNes poliw gives confidence to stskehol¢Jers Ihal the Charity's finances are being properly managed and wll also provide an indicator of ils future funding nee(l$ and it¥ overall re$ilien¢e. Amount The Iruslees aim to maintain free reserves in unrestricted fijnds al a level 1¢h equates to approximately four months, worth of annual expenditure. The trustees considef that this level wll provide sufficient funds lo ensure that support and govemance costs are covere<l and to respond to applications for funding for programmes lo rther the Foundation's purpose. Eglablishmenl Al the creation ol the Foundation in 2021. and during rts initial year of operation, there was no measure of annual expenditure. and we propose a target reseThes amount of £20.000. Review This policy wll be reviewed annually, bul the trustees will monitor the levels of reserves held throughout the year. al least quarterfy. Structuroj govornanc• and management a. Constitution The Regenerative Viticulture FOundatn is registered as a charilable incorporated organisation and was set up by a Charity Commission Scheme. b. Methods of appointsnont or elKtion of Trustsos The management of the Charity is the spOnSIbl1 of the Tnjstees are elected and ctFopted under the terms of the Constitution. Page 4
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Rgfèrenco and admlnlstratlv• d•tall$ of Charlty. Its trust and advls•rs Trustees S Cronk. Chair lappoinled 12 January 20211 M Casteel, Trustee (appointed 12 January 20211 Dr A Nesbitt. Trustee (appointed 12 January 20211 J Saxgren. Trustee (appointed 12 January 20211 M Gamman MW. Trustee lappoinled 12 February 20211 J Howard-sneyd MW. Trustee {appointed 28 September 20211 K Hughes, Trustee (appointed 9 December 20221 R8gist8red nUMr CE025409 Charlty rog15tsred numb•r 1195208 Rgglstsrgd offi¢e 18a King Street Maidenhead SL6 1EF Accountsnts Donald Reid Limited 18a120 King Street Maidenhead Berkshire SL6 1DT Statsm•nt of Trust•e$' r•sponslbiliti•J The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charitie5 in England and Wales requires Ihe Trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the Charty and of ils incoming resources and application of resources. including ils income and expendrtuTe, for that period. In preparing these financial slalemenls. the Trustees are requireil lo". select suitable accounting poli¢ies and then apply them nsIsteny". observe the methods and principles of the Charities SORP IFRS 1021.. make judgments and accounting eslimales that are reasonable and prudent.. stsle whether appli¢able UK Accounting Stsndards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial slalements on the going concem basis unless il is inappropriate lo presume that the Charity wll continue in business. The Tru51ees are responsible for keeping adequate accounts.ng records that are suffirjenl to show and explain the Charity's Iransaclitsns and disclose wrth reasonable accuracy at any time the financial p¢silion of the Chanty and enable them to ensure that the financial ststements Comply wth the Charities Act 2011. the Charity IAccoLJnts and Reportsl Regulations 2008 and the provisions of the constitution. 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 Irregularib"es. Page 5
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Approved by order of the members of the board of Trustees and signed on their behalf by.. £44v L- S Cronk Chair Date..29 Oct 2024 Page 6
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Indèpènd•nt Examln•r'$ Report lo th Tru$ts•$ of R•g•n•r4tlvo VICultUr• Foundallon I'th• Charity'l report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023. Responsibilitios and Basis of Report As the Trustee$ of the Charity you are responsible for the preparion of the a¢Unts in accordance wth the requirernents of the Charities Act 2011 {Ihe 2011 Act'l. I report in respect of my examination of the Charity$ a¢u1$ carried out under section 145 of the Charities Act 2011 Ilhe 2011 A¢t'l. In carryng out my examination I have followed the Dire¢b'ons given by the Charity Commission under Sethn 14515llbl of the 2011 A. Independent Examlnerf8 Stst•monl I have Completed my examination. l Confim that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Charity a$ required by sects'on 386 of the 2006 AGI., or the accounts do not accord wlh those records., or the accounts do not comply the accounting requirements conceming the fom and conlenl of accounts sel out in the Chantie$ (A¢unt$ and Reports) Regulation$ 2008 other than any requirement that the accounts give a 'true and fair. view vthich is not a matter considered as part of an independent examination. the accounts have not been prepared in accordance wth the methods and principle8 of the Statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matters in connection wth the examination lo which attention should be drawn in thi5 report in order to enable a proper understanding ofthe accounts to be reached. This report is made solely to the Charty's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reportsl Regulations 2008. My rk has been undertaken so that I might state to the Charity's Trustees those matters l am required lo state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permrtted by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body. for my work or for this pOrt. 30 Oct 2024 Signed.. Dated.. Daniel Reid IFCAI ICAEW Donald Reid Limrted 183120 King Street Maidenhead Berkshire SL6 1DT Page 7
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 Unrnstrictsd Total Total funds funds funds 1 January 1 January 19 July 2021 2023 to 2023 to lo 31 D•¢•mb•r 31 D袕mber 31 Dec8mber 2023 2023 2022 Nots Income from: Donations and legacies Investments 82.485 10 82,485 10 63, 760 Total incomo 82,495 82,495 63, 160 Exp8nditure on: Charitable acliwtses 29,497 29,497 59,048 Total axpondlture 29,497 29,497 59,048 Ng1 movemgnt In fund¥ 52,998 52,998 4,112 Rgconclllatlon of funds: Total funds brought forward Nel movement In funds 4,112 52,998 4,112 52,998 4,112 Total funds carrl•d forward 57,110 57,110 4,112 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 10 20 fom part of these financial statements. Page 8
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritsble incorporatsd organi$ationl REGISTERED NUMBER. CE02S409 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Mole Intangible assets 10 4,391 4.391 Current assets Debtors Cash at bank and in hand 11 79,409 39,475 80.370 39,4T5 Creditors.. amounts falling due wlhin one year 12 {27,6S11 (35,363) N•t current a$$•ts 52.719 4,112 Totsl 88s0ts le$$ current1Sabillti 57,110 4,112 Total not assots 57.110 4,112 Charlty lunds Restricted funds Unrestricted funds 13 13 57.110 4,112 Total funds 57.110 4,112 The financial statements were approved and aulhorised for issue by the Trustees 29 Oct 2024 and signed on their behalf by.. on £44- d- S Cronk (Chair of Twsleesl The notes on pages 10 to 20 fomi part of these financial stalements. Page 9
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information The Regenerative Viticulture Foundation is a Charitable incorporated organis*ion incorporated in the Unrted Kingdom and is registered in England and Wales. The registered office address is Regenerative Viticulture Foundation, 18a King Steet, Maidenhead. SL6 1EF. Accounting poll¢le$ 2.1 84¥1s of proparatlon of financlal ststèmonts The financial slalemenls have been prepad in accordance the Charities SORP IFRS 1021 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 IFRS 1021 leffecbve 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charits"es Act 2011. The Regenerats've Vilicullure Foundation meets the definitson of a public benefit entity under FRS 102. Assets an¢J liabilits'es are initialty recogni$ed at historical cost or tran$a¢lion value unless otherwise stated in the relevant accountiThJ policy. 2.2 Incom8 All income is recognised once the Charity has enliUemenl to the income. il is probable that the income wll be received and the am¢)unl of income receivabbe can be measured reliably. 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 CeIVed in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. whe en11ment occurs before inwme is received. the income 1$ accrued. 2.3 Expendituro Expenditu is recognised once there is a legal or conslnjth.ve oblig8b.on lo transfer economic benefit lo a third party. il is probable that a transfer of economic benefits wll be required in settlement and the amount of the obligation can be measured reliably. Expen(Jitu is classified by aclivily. The Costs of each activity are made up of Ihe 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 contnbute lo more than one activity and support costs which are not attributable lo a single aclivty ale apportioneil between those activities on a basis consistent with the use of resources. Central stsff costs are allo¢aled on the basis of tsme spent. and depreciab'on charges allo¢ated on the portion of the asset's use. Expenditure on charitable activities is incurred on direcuy undertaking the aclivf(ies vthich fvrther the Chanty's objedives, as well as any as50cialed support cost5. All expenditure is inclusive of irrecoverable VAT. Page 10
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.4 Interest receivable Interest on funds held on deposit is included Sthen receivable and the amount can be measured reliably by the Charty.. this is normally upon nobficabon of the interest paid or payable by the institution with 0M the funds are deposited. 2.5 Intangible assets and amortisation Intangible assets are Captslised and recognised vthen ftjlure economic benefits are probable, and the cost or value of the asset can be measured reliably. Intangible assets are initialty recognised al cost. After recognition, under the cost model, intangible assets are measured at cost less any ae¢umulaled amortisalion and any accumulated impairment losses. Amortisation is provided on intangible assets at rales calculated lo write off the cost of each asset on a $traight-line basis over its expected useful life. Amortisation is provided on the followng basis.. Website costs 33 % straight-line 2.6 0gbtor¥ Trade and other debtors are Teeognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount Prepa net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or le35 from the date of acquisitson or opening of the deposit or Similar account. 2.8 Llabllltles and provlsions Liabilities are recognised vthen there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be iequired in settlement, and the amount of the settlement can be estimated reliably. Liabilities a recognised at the amount that the Chartty anb"cipates il wll pay to settle the debt or the amount it has received as advanced payments for the good$ or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rale that refle¢ts the risks specific lo the liability. The unwinding of the disLInt is recognised in the Ststemenl of financial activities as a finance cost. Page 11
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.9 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instwments are initially nised al transaction value and subsequently measured at their settlement value wth the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.10 Fund accountlng General fijnds are unreslncled fiJnd$ which are available for use at Ihe di$crets'on of the Trustees in furtherance of the general objethes of Ihe Charity and which have not been de$ignaled for other purposes. Restrided funds a funds vthich a to be used in aecordance WTth specific restrictions imposed by donors or vh)ich have been raise<l by the Charity for particular purposes. The costs of raising and administering such funds are charged against the $ifiC fund. The aim and use of each reslricled fund 1$ set out in the note$ to the financial statements. Investment income, gains and l¢Yases are allocated lo the appropriate fvnd. Income from donalons and1gga¢l•¥ Regtrictsd Unrnstrict•d Total fund$ funds fund$ 1 January 1 January 1 January 2023 to 2023 to 2023 to 31 31 31 December D•combor Doc•mbor 2023 2023 2023 Donations 82,485 82.485 Restricted UnrEstricled Total funds funds nds 19 Juty 2021 19 July 2021 19 Juty 2021 31 31 December December 2022 2022 31 December 2022 Donations 7,500 55,660 63, 760 Page 12
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment income Unrestrict8d Totsl Total funds funds funds 1 January 1 January 19 July 2021 2023 to 2023 to lo 31 31 31 D*¢¢mbor Do¢ambor December 2023 2023 2022 Investment income 10 An8ly$ls of oxpgndlture ¢)n Charitsbl? a¢llv•tses Summary by fund ty Unrmtrlcted funds 1 January 2023 to 31 Decemb•r 2023 Total 1 January 2023 to 31 0oc8mb•r 2023 Professional Office expenses Travel and accommodation 25,449 641 1,193 1,550 133 11401 671 25.449 641 1,193 1.550 133 11401 671 Accountancy Bank charges FOign exchange gainsAosses Amortisation 29,497 29.497 Page 13
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure on charitable activities (continued) Summary by fund typ• l¢ontlnuedl Restricted Unrestricted funds funds Total 19 Juty 2027 19 July 2021 79 Juty 2021 lo lo lo 31 31 31 Dember December De¢ember 2022 2022 2022 Employment settlement Profe$$ional Office expenses Printing and stationery Travel and a0MM0daIiI Accountancy Bank charges 43,008 7, 125 74 43,008 14,625 74 334 1,000 334 1,000 7,500 51,548 59,048 Analys18 of •xp•ndltur• by actbvltlos A¢tlvltles nd•rtak•n directly 1 January 2023 to 31 DeCeMr 2023 Support costs 1 January 2023 to 31 De¢emb¢r 2023 Total funds 1 January 2023 to 31 Decemb•r 2023 Professional Office expenses Travel and accommodation 24,902 547 25.449 641 1.193 1.550 133 11401 671 1,193 1,550 133 11401 671 Accountsncy Bank charges Foreign exchange gainsllosses Amortisalion 24,902 4.595 29,497 Page 14
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities Icontinuedl ActIvitS undertaken Support Total directly costs funds 19 July 2021 19 July 2027 19 July 2021 lo lo lo 31 31 31 December December December 2022 2022 2022 Employment settlement Professional 43.008 14,625 43.008 14,625 74 Office expenses Printing and stationery Travel and accommodation Accountancy Bank charges T4 334 1,000 334 1,000 57.633 1,415 59,048 Indopondont oxamlnor's rnmun•ratlon 1 January 19 Juty 2027 2023 to 31 D•combor 2023 31 December 2022 Fees payable lo the Charity's independent examiner for the independent examination of the Charitys annual accounts 1,2SO 1,000 Page 15
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Staff 1 January 19 Juty 2021 2023 to lo 31 31 December December 2023 2022 Wages and salaries 24,902 24,902 The average number of persons employed by the Charity during the year was as follows.. 1 January 19 Juty 2021 2023 to lo 31 31 Decembor December 2022 No. 2023 No. Employees No employee received remuneration amounting to more than £60,000. Twstg9s' rgmuneratlon and •xpgn$g• During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- Nil). Page 16
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Intangible assets Wobsltg costs Cost Additions 5.062 Al 31 December 2023 5.062 Amortisation Charge for the year 671 Al 31 December 2023 671 Not book value At 31 Decernber 2023 4.391 Al 31 December 2022 11. D•btors 2023 2022 Duo within one yoar Prepayments and accrued income 961 961 Page 17
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Creditors: Amounts falling due within one year 2023 2022 Other loans Other tsxaty'on and social security Pension fund loan payable A¢cnJals and deferred income 25.779 19 $03 34,363 1.350 1,000 27,6S1 35.363 13. Stat8mgnt of fund$ Stat•mènt of funds - ¢urr•nt y•ar Balanco at 31 Docgmbor 2023 Balan¢• at 1 January 2023 Incom• Expandlturn Unr•strlct•d funds Reserves 4.112 82,495 129,4971 57,110 Statoment of funds - prior year 8al8nce at 31 December 2022 Income Expenditure Unre$trl¢ted funds General Funds- all fvnds 55,660 (51,548) 4,112 R8strfct8d funds Restricted Funds- all funds 7,500 (7,500) Total of fun(ts 63,160 (59,048) 4,112 Page 18
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Summary offunds Summary of funds - curr•nt y•ar Balance at 31 December Balance at 1 January 2023 Income ExndItur0 2023 General funds 4.112 82.495 {29.4971 57.110 Summary ol lund$ - prlor yèar 8alanc8 at 31 December 2022 Income Expenditure General funds Restricted funds 55.660 7.500 (51.548) (7.500) 4,112 63.760 (59.048) 4,112 15. Analy$ls of net assets bet%n lund$ Analysls of not assets b•t¥wen fundB- current year Unrestrrcted funds 2023 Total fund$ 2023 Intangible fixed assets Current assets Creditors due wthin one year 4,391 80,370 {27,6511 4.391 80.370 127,6S11 Totsl 57,110 57.110 Page 19
THE REGENERATIVE VITICULTURE FOUNDATION IA ¢haritabl• in¢oryx)ratsd organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1S. Analysis of net assets between funds (continued) Analys1$ of n•t assets bètwn funds- prlor year Unrestricted funds 2022 Total funds 2022 Current assets Creditors due wthin one year 39,475 (35,363) 39,475 (35,363) Total 4,112 4,112 18. R•lat•d party tran8actbon8 Al the period end. included in other creditors is the amount of £25,779 (2022.. £34,363? owed by the charity to a Iruslee. Page 20