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 prO￿S5. 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 praCtI￿S 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 lik￿minded 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 prOdU￿r$ 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 f￿elY available Glossary of regeneotive terminology on the website Audit of certifying bodies lo help prOdU￿rS 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 con￿rn basis in preparing the financial stalemenls. Further details regarding the adoption of the going COn￿M 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 I￿s1gned 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