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 V￿1h 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. Ob1èc￿V0￿ *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 c￿aling a netwoth of wne producers. researchers and leaders in regeneratwe agriculture and vili¢ullure Advancing research to S￿entifIcallY 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 b￿dIVerSIty 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 G￿en. 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