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 2024
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl CONTENTS Page Trustees. report Independent examiner's rgport Statement of financial activities Balance sheet Notes to the flnanclal statements 10-20
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2024 10 31 December 2024. The Trustees confirm that the Annual report and financial statements of the charity comply with the Current slalutory requirements, the requirements of the charity's governing document and the provisions of the Stslemenl of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191. Obleetlves and actlvltles a. Pollcles and oblectlves The Vision of the CIO is 'Working with nature lo create a sustainable future for vineyards, growers and the planer, and the Mission is To support the transition towards regenerative viticulture" The objectives of the Charity are, for the public benefit.. To advance education in sustainable farming and land management techniques in viticulture including by.. the promotion and funding of research and the publication of the useful results thereof, and informing growers about different ways in which they might adopt more sustainable and environmentally friendly land management and growing techniques and related activities. To promote the improvement of the physical and natural environment by promoting biological diversity within viticulture. In selling objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Additionally, the Trustees and Executive carried out a full strategic planning prOS5. b. Actlvltles undertaken to achleve obJectlves Science Aim.. Credibility Objectives.. To be the most reliable and current source of research and best practice. To mitigate and adapt to climate change by enabling widespread adoption of regenerative praCtIS Advancing research to scientifically prove and practically demonstrate the environmental and economic benefits of biodiversity in viticulture. Activity in 2024.. Performed a literature review of all the peer-reviewed academic studies lapproximalely 1701 into aspects of regenerative viticulture., published January 2025 Collaboration with academics, inclLJding UC Davis Reported on UC Davis 5-year study on Jackson Family Wines Panellist on USDA Climate learning network on viticulture symposium in Porto Page 1
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities {continuedl Communication Aim.. Impact Objectives.. To inspire the regeneration of soil and biodiversity in viticulture and to inspire Its nomialisalion. To raise awareness of the ideas, importance and benefits of biodiversity in viticulture via seminars, workshops, social media events and tslks. Activity in 2024.. Continued to reach out to regenerative wine producers from around the world, exp8nding geographic reach Continued lo develop awareness of our work via monthly newsletters, Linkedln and social media Established new or deepened existing relationships with like-minded organisalions Napa Green Porto Protocol International Wineries for Climate Action SLJStainable Wine Round Table Invited lo attend and speak al.. World Living Soils Forum Sustsinability in Drinks Groundswell festival of regenerative agriculture (the main regenerative event for farmers in the UK) Wine Society Future of Wine panel Dutch Wine Academy panel Wine & Spirit Trade Association technical committee Discussion on climate change with Jancis Robinson and Miguel Torres at the Spanish Embassy in London Panel al the Old Vine Conference ort for rowers Aim.. Engagement Objectives. To curate a network of likminded viliculturalists and services, supporting as many produTrrs as possible. To create support. resource and training structures for people wanting to leam how to implement the techniques and reap the benefits of regenerative viticulture. Activity in 2024.. Launched the RV Guide following Bets testing beginning in April, with formal launch in May. Developed a major project called the RVF One Block Challenge. This initiative is to accompany wine prOdUr$ around the world lo start Irialling regenerative practices in a structured, risk free and supported manner. The initiative has the potential to bring many producers to start a transition lo regenerative farming and convert thousands of hectares. In 2024 the first project was prepared, for launch in Paso Robles, California In JanLJary 2025. Developed and made freely available 8 toolkit of regenerative practices on the website Published a felY available Glossary of regeneotive terminology on the website Audit of certifying bodies lo help prOdUrS navigate the certification landscape Advised The Wine Society Climate & Nature fund, drawing up criteria and supporting development and assessment Organised in person information or educational outreach days at numerous vineyards in the UK, France and Argentina, attended by leading conservationists, agroecologists, winemakers, retailers, growers, AOC groups and agronomists. Organised and participated in multiple online events including educational webinars with the Porto Protocol. Planning and design for a complete website redevelopment to significantly increase and improve grower support, including the firsl-ever global online forum dedicated to regenerative viticulture. Page 2
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities {continuedl Achievements and performance a. Main achievements of the Charity Expanded donor base lo support increased resources and wider and faster roll out of aclivilies, including for the website redesign. Added resource of wine industry specialist Anne Jones as Development Director IPTI Accelerated international reach with open days and lor outreach visits in 4 countries and vineyards helped in all main winemaking continents. The RVF and its website recognised as a key credible Sour for information on regenerative viticulture globally, including its online RV Guide and map where 188 vineyards were listed after just 7 months of soft launch Dozens of growers self-declared as starting or increasing their transition to regenerative farming as a result of RVF infomialion, contact or assistance, including 7 AOC Cotes de Provence growers who initiated AGW Regenerative Certification (all 7 received rtIfication in earfy 20251 Established as the leading provider of regenerative vilicullure communication and information on online plattorms, such as Linkedln and Instagram. Linkedln followers trebled in 2024, Inslagram followers more than doubled, plus nearly 2000 newsletter subscribers {+50'/01. A number of aclivilies, projects and initiatives carried out in 2024 were for action or launch in early 2025. Of these, the following merit mention in this report.. The Peer-reviewed literature review, completed in 2024, was published January 2025 and has Sin been top-performing item on the Researchgale website, with a very impressive Research Interest Score. The RVF One Block Challenge launched in Paso Robles, California, in January 2025. This garnered international interest and attention, and other 1 BC'S have subsequenuy been launched in several countries around the world. The RVF 1 BC will be rolled out globally in 2026 The new website for which planning and funding was achieved in 2024, was successfully developed and launched. Page 3
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue In operational existence for the foreseeable future. For this reason, they continue lo adopt the going conrn basis in preparing the financial stalemenls. Further details regarding the adoption of the going COnM basis can be found in the accounting policies. b. Reserves policy Rationale Reserves the funds a charity keeps in reserve - can strengthen a charity's resilience against, for example, drops in income, the demands of a new project or other unexpected need for funds. or covering unforeseen operational costs. Reserves are that part of a charity's unrestricted funds that Is freely available lo spend on any of the charity's purposes. A good reserves policy gives Confiden to stakeholders that the charity's finan$ are being properly managed and will also provide an indicator of ils future funding needs and Ils overall resilience. Amount The trustee5 aim to maintain free reserves in unrestricted funds at a level which equates lo approximately four months, worth of annual expenditure. The Iruslees consider that this level will provide sufFicienl funds to ensure that support and governan costs are covered and to respond lo applications for ftjnding for programmes to further the Foundation's purpose. Establishment At the creation of the Foundation in 2021, and during ils initial year of operation, there was no measure of annual expenditure, and a target reserves amount of £20.000 was proposed. In 2024 the Trustees maintsined the reserves policy of £20,000. Review This policy will be reviewed annually, but the Iruslees will monitor the levels of reserves held throughout the year, at least quarterly. Structure, governance and management a. Constitution The Regenerative Viticulture Foundation is registered as a charitable incorporated organisabon and was set up by a Charity Commission Scheme. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Conslitulion. Page 4
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Reference and administrative details of the Charity, its trustees and advisers Trustees S Cronk, Chair M Casteel, Trustee Is1gned 23 July 20251 Dr A Nesbitt, Trustee J Saxgren, Trustee M Gamman MW, Trustee J Howard-sneyd MW, Trustee K Huohes, Trustee C Thompson, Trustee Registered number CE025409 Charity registered number 1195208 Registered office 1010 Eskdale Road Winnersh WOKINGHAM Berkshire RG41 5TS Accountants FLB Audit LLP Chartered Accounlanls 1010 Eskdale Road Winnersh Triangle Wokingham RG41 5TS Page 5
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ststement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢pIed Accounting Practice). The law applicable lo charities In England and Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principle5 of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements", prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) 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 irregularities. Approved by nrA<ar nf the members of the board of Trustees and signed on their behalf by.. S Cronk Chair Dale." 29 October 2025 Page 6
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examlnerfs Report to the Trustees of The Regeneratlve Vltlculture Foundatlon I'the Charlty'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Responslbllltles and Basls of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examlner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or the accounts do not accord with those records", or the accounts do not comply with the accounting requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an Independent examination. the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's Trustees those matters l am required to stsle to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted 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 report. Signed.. Dated.. 30 October 2025 Daniel Reid IFCAI ICAEW FLB Audit LLP 1010 Eskdale Road Winnersh Triangle Wokingham RG41 5TS Page 7
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Other trading activities Investments 93,905 588 11 93,905 588 11 82,485 10 Total income 94,504 94,504 82,495 Expenditure on: Charitsble activities 89,413 89,413 29,497 Total expenditure 89.413 89,413 29,497 Net movement In funds 5,091 5,091 52,998 Reconclllatlon of funds: Tot81 funds brought forward Nel movement in funds 57,110 5.091 57,110 5.091 4,112 52,998 Total funds carrled forward 62,201 62,201 57,110 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 20 form part of these financial statements. Page 8
THE REGENERATIVE VITICULTURE FOUNDATION IA charitable incorporated organisationl REGISTERED NUMBER: CE025409 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Intangible assets 5,504 4,391 5.504 4,391 Current assets Debtors Cash al bank and in hand 12 1,702 80.228 961 79,409 81,930 80,370 Creditors.. amounts falling due within one year {25,233) (27,651) Net current assets 56,697 52,719 Total assets less current liabilities 62,201 57,110 Total net assets 62,201 57,110 Charity funds Reslricled funds Unrestricted funds 14 14 62,201 57,110 Total funds 62,201 57,110 The financial statements were approved and authorised for issue by the Trustees on 29 October 2025 and signed on their behalf by.. £44- d- S Cronk (Chair of Trustees) The notes on pages 10 to 20 form part of these financial statements. Page 9
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Infomiatlon The Regenerative Viticulture Foundation is a Charitsble incorporated organisalion incorporated in the United Kingdom and is registered in England and Wales. The registered office address is The Regenerative Viticulture Foundation, 1010 Eskdale Road, Winnersh, Wokingham, Berkshire, RG415TS. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Regenerative Viticulture Foundation meets the delinilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income reiVed for specific purposes bul not expended during the period is shown in the relevant funds on the Balan sheet. Where income is reiVed in advan of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is reived, the income is accrued. Income lax recoverable in relation to investment income is recognised at the time the investment income is re1Vable. 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 selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. 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 lo 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 lo a single activity are apportioned beleen those activities on a basis consislenl with the use of reSoUrs. 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 direcdy undertaking the aclivits'es which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 10
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnuedl 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 notificab'on of the interest paid or payable by the institution with whom the funds are deposited. 2.5 Intanglble assets and amortlsatlon Intangible assets are capilalised and recognised when future economic benefi'ts are probable, and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intsngible assets are measured al cost less any accumulated amortisalion and any accumulated impairment losses. Amortisalion is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life. Amortisation is provided on the following basis.. Website costs 33 Yo Straighl-line 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al 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 dale of acquisition or opening of the deposit or similar account. 2.8 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balan sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, 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 reiVed as advanced payments for the goods or setvices it musl provide. Provisions are measured at the best estimate of the amounts required lo 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 rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finan cost. Page11
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontlnuedl 2.9 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 Fund accountlng General funds are unreslricled 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. Investment income, gains and losses are allocated to the appropriate fund. Income from donatlons and legacles Unrestrlcted funds 2024 Total funds 2024 Donations 93,905 93,905 UnStricted funds 2023 Total funds 2023 Donations 82,485 82,485 Income from other trading activities Income from non charitsble trading activities Unrestricted funds 2024 Total funds 2024 Total funds 2023 Nel income - all trading activities 588 588 Page 12
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment Income Unrestricted funds 2024 Total funds 2024 Investment income 11 11 Unrestricted funds 2023 Total funds 2023 Investment income - local cash io 10 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Professional 73,242 652 73,242 652 Office expenses Travel and accommodation Communicationlcollaboralion 5,599 607 5,599 607 Accountancy Bank charges Foreign exchange gainsllosses Subscriptions Website costs AmortlS8tion 3,381 88 3,381 68 174 174 1,938 1,296 2,456 1,938 1,296 2,456 89,413 89,413 Page 13
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture on charltable actlvltles Icontlnuedl Summary by fund type Icontlnuedl UnStricted funds 2023 Total 2023 Professional 25,449 641 1, 193 1,550 133 25,449 841 1,193 1,550 133 Office expenses Travel and accommodation Accountancy Bank charges Foreign exchange gainsllosses Amortisation (140) 671 (140) 671 29,497 29,497 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Totsl funds 2024 Professional Office expenses Travel and accommodation Communicationlcollaboralion Accountancy Bank charges Foreign exchange gainsllosses Subscriptions Website costs Amortisation 71,603 1,639 652 73,242 652 932 4,667 607 5,599 607 3,381 68 3,381 68 174 174 1,938 1,938 1,296 2,456 1,296 2,456 74,473 14,940 89,413 Page 14
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by actlvltles Icontlnuedl Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Professional Office expenses Travel and accommodation Accountancy Bank charges Foreign exchange gainsllosses Amortisation 24,902 547 25,449 641 1,193 1,550 133 641 1, 193 1,550 133 (140) 671 (140) 671 24,902 4,595 29,497 Independent examiner's remuneration 2024 2023 Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts 1,380 1,250 Page 15
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff 2024 2023 Wages and salaries 37.080 24,902 37,080 24,902 The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Employees No employee reiVed remuneration amounting to more than £60,000. 10. Trustees. remuneration and expenses During the year ended 31 Dember 2024, travel expenses were reimbursed or paid directly lo Trustees. The Trustees do not consider the amounts lo be material. Page 16
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Intanglble assets Webslte costs Cost At 1 January 2024 Additions 5,062 3,570 At 31 December 2024 8.632 Amortisation At 1 January 2024 Charge for the year 672 2,456 At 31 December 2024 3,128 Net book value At 31 December 2024 5,504 At 31 December 2023 4,390 12. Debtors 2024 2023 Due within one year Trade debtors Prepayments and accrued income 1.583 961 1,702 961 Page 17
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Credltors: Amounts falllng due wlthln one year 2024 2023 other loans Trade creditors Other taxation and social security Pension fund loan payable Accruals and deferred income 17.537 3,021 25,779 19 113} 4.688 503 1,350 25,233 27,651 14. ststement of funds ststement offunds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds Reserves 57,110 94,504 (89,413) 62,201 Statement of funds - prlor year Balan at 31 December 2023 Balance al l January 2023 Income Expenditure Unrestricted funds Reserves 4,112 82,495 {29,497J 57,110 Page 18
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Summary offunds Summary offunds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expendlture General funds 57.110 94,504 189,413} 62,201 Summary offunds - prlor year Balan 8t 31 December 2023 Balance 81 l January 2023 Income Expenditure General funds 4,112 82,495 (29,497) 57,110 16. Analysis of net assets between funds Anatysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Intangible fixed assets Current assets Creditors due within one year 5,504 81,930 125,2331 5,504 81,930 125.2331 Total 62,201 62,201 Page 19
THE REGENERATIVE VITICULTURE FOUNDATION IA charitsble incorporated organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Analysls of net assets between funds {contlnuedl Analysls of net assets between funds - prlor perlod UnStricted funds 2023 Total funds 2023 Intangible fixed assets Current assets Creditors due within one year 4,39f 80,370 (27,651) 4,391 80,370 (27,651) Total 57,110 57,110 17. Capitsl commitments 2024 2023 Contracted for but not provided in these financial statements Acquisition of intangible assets 36,000 18. Related party transactions At the period end, included in other creditors is the amount of £17,537 (2023.. £25.779) owed by the charity to a trustee. 19. Post balance sheet events Since 31 December 2024 we have launched a major initiative in several countries, called the RVF One Block Challenge, which accompanies wine producers around the wodd to start Irialling regenerative practiS in a structured, risk free and supported manner. The Initiative has the potential to bring many producers lo start a transition to regenerative famiing and convert thousands of hectsres. It will be rolled out globally In 2026. We also developed and launched a completely new website aimed at increasing grower support, in particular with the launch of the first*ver online user forum dedicated to regenerative viticulture. Page 20