REGISTERED COMPANY NUMBER.. CE027303 (England and Wale5} REGISTERED CHARITY NUMBER.. 1196707 Report of the Trustees #nd Unaudited Financial Ststements for the Year Ended 31 December 2023 for Taironi H¢rlt*geTrnst Gratti Harrod Lerman Davi5 LLP Chartered A¢¢ounlants 1st Floor Healthaid Hous¢ Marlborough Hill Ham)w Middl¢s¢x IL41 iLry) Taironi HeritA¥e Trn8¢ Contents Of the Fin*ntixl Statement5 for the ye8r ended 31 Dteember 202J Page Rtport of the Trustee8 Independeht Ex*mlner's Report Statement of Fin¥DtlAI A¢tlvhi¢s BAknnce Sheet N￿e5 to the Sla¢tme￿ts T8irona Heritage Tru$t Report of the Trus¢ee5 for th¢ year ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the flnancial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of AcMOST BRIDGES Hub Jt the University of Wai¢s, pmvided the stage for THT iaun¢h their groundbreaking collaboraiiv¢ project. Muhekan Masha in November 2022. Munekan Masha was co￿leS1¥ned wilh the Kogi through their offi¢iai body. the Organisation Gonawindua Tairona {OGT) in Collaboration with aCade￿ic3 and th¢ Trust. It's primary fo¢u$ centres OD land re¢ov¢ry and r￿tOratIon in the Sierra Nevada de Satts Mana r¢gion and to restore the environmental balan¢¢ of the region. in litte with th¢ Kogi'5 ancestsxl knowledge aDd the val￿S of th¢ morevthan-human inter¢onnectedncss that are central to th¢ir worldview. In April 2023, signifKanl philanthropic fvi)din8 was Secured from the Chantecaille CoTts¢rvation Foundation. a vital slep towdrd realising the proj¢ct's goals. However, proje¢t negotiation5 faced unexpected ehallen¥es leading to ¢han8es in the dire¢tion and scope of the proje¢l, which refflected the Kogi's evolving priorities and ¢ultural coJJcern5. tk5Plte these effort5 ts adapi and align the project with the needs alld per5pective$ of the Kogi, the Chanteraille Foundation ultimaiely Withdr￿ its offer offunding. This withdrawal pwmpt¢d a major rethinking and redesign of the proje¢L ￿ts1¢h continue5 to unfold in Close ￿llabOratiOn with OGT. The ¢hAng¢s to th¢ projert w¢rr part of a broader effort to ensure that the values, con¢¢rns. and voices of th¢ Kogi people were more fully incorporated into the design and implementation of Muntkan Masha. This proce55 involved deepetting the collalx>ratiYe relationship between lh¢ Tn2st and the K0￿. as well as reafflrming a ¢ommitm¢nt to the proje¢Vs goals, despite the setbacks. In parallel to these developments, Ih¢r¢ w&$ 5ignifi¢ant governance change within the Trust oversttittg the proje¢t. On Novembtr 30, 2023, Truste¢ Falk Parra Witle r¢signed. followed by the retirement of c.hair Alon Er¢ira a month later. In January 2024. Luci Attala a$sum¢d the position of Choir, bringing a fresh perspective and leadership io the initiative. ile Alan Er¢ira remained a5 a trusttc for a perÈod. he otYi¢ially resigned from the Board in May 2024, marking the ¢nd of his dir¢Gt involvement ￿1th the Tn￿. Ih April 2024, both Alan Ereira and Luci Attala trnvelled to SaDta Mart4 Colombia, foT a crucial meeting with Kogi mamos (spiri￿81 lead¢r5) and the OGT. This m¢¢ting wa5 pivotal in ¢nsurill8 the continuatiort of the Munekan Masha proje¢L particularly in light of th¢ ¢hanges requ¢sied by the Kogi. ConStr￿¢bye disc1L￿lonS during this visit resulted in a fimdamental r¢desigD of the projeGI, in whi¢h the KogL'5 cultural values, environmentsl concerns, and holistic view of land st¢ward5hip w¢r¢ prioritised. The trip Tjot only marked a r¢airin￿atlOD of the shared cornmitm¢nt to the projert but also fa¢ilitst¢d an official hanMOST BR[￿Es and oth¢r partners. io 85S15t in prol¢¢ting Kogi tenitory and Kogi communities under threat from illegal industrial expansion and Climate chang¢ and help the Kogi spr¢ad their traditional knowlcd8e so it ¢an be of benefit to other so¢i¢ties and cultures, p¥rti¢ularly conventional 5cien¢¢ and ¢nvironmcntal knowledg¢. srRUCTURE, GOVERNANCE AND MANAGEMEP4T Governing documtttt The charity is ¢Otitrolled by its governing th)allJ]enL a de¢d of trusL and cOnsti￿t¢S a limited company. limited by guarantee. as defined by the Companie5 Act 2006. Re¢rnitm¢nt and xppolntment of n¢w trustees New trusi¢es are app)inted where it is felt that they would add value to the charity by b¢ing a tlustee. OrgaDiMtional Structure There is no pern)an¢nt organisational str￿tyre and the office is maintained by the chaim)en of th¢ T￿￿*¢t¢s. Induction trgining of truslees The tn￿tee appointed is chosen on criteria including familiarity with the work of the trust. REFERENCE AND ADMINISTrATtVR DETAILS Registered Comp*Dy number CE027303 ffnglaTKI aThd Wales) Registered Chrity Thumb¢r 1196707 Rtgl$ttred office IS Chaddesl¢y Terrace Swansea Wesi Glamorgan SAI 6HB Trnsttts A Ertira {resign¢d 15.5.2024) D Tsimprikidou {appoinr¢d 9.3.2023) (resigned 28.6.2024} J Mertinez (r¢signed 6.9.20231 Dr F X Parrd Witte (resi8ned 1.12.2023) B Hoffinan Dr L Attsla F J Nock (resigned 26.10.2023} Ms P GOmers￿l (appOin￿d 31.8.2023) Pag¢ 2 TairoBa Htritsge Trust Report ofthe Trus¢tts for the year ended 31 D¢cember 2023 REFERENCE AND ADMINISTrATIVE DrfAILS Independellt Examiner Jeremy Ham)d FCCA Grant Harrod Ikrnmn Davis LLP Charter¢d Ac¢ountants 1st Floor He81thaid House Marlljorough Hill Horrow Middles¢x HAI IUD Approved by order of the iK)ard of trustees on15th November 2024 and 518ned on its behalf by.. Ms P Gomersall- TrLLStee Page 3 Indep¢ndent Eiamlner'$ Re￿rt to the Trknsteej of T4ironA Heritsgt Trnst Indtpendtnt exaTniner'5 rtport ¢0 the trus¢ee5 oIT#iroDa Heritage Trust ('the Cornpany,) I report to the ¢harity tr￿eS on njy eKAmination ofthe ac¢ounts of the Company hr ih¢ y¢ar ¢nded 31 Dec¢mb¢r 2023. Responsibilities and b4$i9 fjf report As the charity'5 tru5tee3 of the Company {and also its dir¢¢tor5 foI the purpos¢s of company law) you ar¢ r¢spon5ible foT the preparation of ih¢ a¢wunts in accordan¢¢ with the requirements of the Companies A¢1 2006 ethe 2006 Aci'l. Having satisfied myself that the ac¢ounts of the Company are not required to be audited under Part 16 o( the 2006 A¢¢ and are eligible for independerf examination, I report in respect of rny examination of your charity's accounts as carried out under Section 145 of the ChaTilies Act 2011 Dhe 2011 Act,). tn carryryng out my examination I have followed the Direciions given by the Chariry Commission under Se¢tiOD 145151 Ib} of the 2011 Act. IDdep¢ndeBt exatniDtr's statem¢Dt I have completed rny examination. I confjrni that no matters hav¢ ¢ome to my attention in cortne¢tion with the ¢xominaiion givin8 rn¢ rause to believe.. accounting rewtds w¢re not kept in resP¢¢t of the Company as r¢quir¢d by SectiOD 386 of the 2006 Actr. or the accounts dg not accord with those rewrds,. or th¢ account5 do not ¢omply with the a¢¢ounting requirements of Section 396 of the 2006 A¢t other than any re4uir¢m¢D¢ that the accounts give a tnie and fair vi¢w which is not a matter ¢onsid¢red 18 part of an ind¢p¢ndent examinatiotj" or the accounts have noi been prepared in a¢¢ordance ￿ryth the methLMls and principles of tbe S(atement of Recommended Practice for a¢counting and reportin¥ by chariti¢s (applicable ¢0 ¢harili¢s pr¢parin8 their accounts in accordènce with the Financial Reporting Siandard applicable in th¢ UK and Republic of Ireland (FRS 102)). I have ￿ concerns and hav¢ come acros5 no other matters in connection with the examinatioth to which attention should be drawD in this report in order to enable a proper under$ianding of the accounts ￿ be r¢a¢hd. Jeremy Harrod FCCA Grant Harrod Lemw t>avis LLP Chartered Accountants 1st Fl(x)r H¢althaid Housc MaAb)rough Hill Hanow Middlesex HAI IUD li Page 4 T¥irona Heritsge Trust Statem￿t of Fing￿111 Activilies the year ended 31 December 2023 Period 22.11.21 Year Ended 31.12.23 Unrestricted fimd 31.12.22 Totsil Notes INCOME AND ENDOWMKNTS FROM Donations and legacies 16,662 59.513 EXPENDITURE ON Charitable Sctiviti Charit*bl¢ A¢tiYiti¢s 12.761 33.729 NET INCOME 3.901 25.784 RECONCILIATION OF FUNDS Total fi￿dS brought foNard 25,784 TOTAL FUNDS CARRIED FORWARD 29,685 25,714 The notes fomi part of th¢se financia] stat¢meiiis Page 5 T*irona Heritage Trnst Balallee Sheet 31 December 21123 2023 Unrestri¢t¢d fjjnd 2022 Tota] fund5 Notes CURRETrrf ASSETS CAsh at bank 30.765 26,864 CREDITORS A￿K>untS failin8 due within one year (1,0801 {1,080) NET CURREKf ASSETS 29,685 25.784 TOTAL ASSETS LESS CURRENT LIABILrriES 29,685 25,784 NET ASSE15 29.685 25,784 FUNDS Unrestricted funds 29.685 25.784 TOTAL FUNDS 29,685 25.784 The ¢hftritable company is entiiled ts> exemption from hudit under Section 477 of the Companies Act 2006 for the yrar ended 31 De¢ember 2023. The members have not Tequired the company io obtain an audit of lis finan¢ial staten*rtts for ihe y¢ar ¢nded 31 Decemb¢r 2023 ITr accordance with Section 476 of the Companies Art 2006. The knJs*es a¢knowled8e their re4￿nsibIlitieS for (a) e￿￿ring th&t th¢ charitable COTnpany keeps a¢eounting records that comply with SertiO]k$ 386 aod 387 of the Companies Act 2006 and preparing financial stat¢rnent5 whi¢h giv¢ a true and fair vi¢w of the state of affairs of the charitable company as at the end of ¢a¢h fjnancial year and of its surplus or deficii for Vdeh financial year in a¢wrdance the requirements of Sertitsns 394 Ind 395 ahd whi¢h otherwise cornply with lh¢ requirements of the Companies A 2006 relating to flnancial statements, so far as applicabl¢ io the charitsble company. (b) These finftn¢iai statements have been prepared ac¢ordan¢¢ with the provisions applicabl¢ to charitabk ¢ompanie5 subject to th¢ sm211 companies regime. The financial 5taiements were approved by the Board of Trt￿e$ aJ)d authorised for issue ..15th.Noueml)or.2a24and were sis￿d on its behlfby: on P Gomcrsall. Trt￿le¢ The notes forn) part of these financial statements Pag¢ 6 Tairon* Htrit*ge Trust Note5 lo tbe Fio*nci•l StAtements for the year ended 31 DecttnbeT 2023 ACCOUNTING POLICIES sis of prepATing the fithaDelal Ststements The financial statements of the charstable Company, wlllch is a publi¢ benefil entity Undtr FRS 102, have been prepared in aceordancc with the Charities SORP {FRS 102) AccountiD8 and Reporting by Charities.. Siai¢m¢nt of Recommended Pra¢lic¢ applicable tts Chorities preparing their a¢¢ounts in accordartre with th¢ Financial Reponing Stsndard applicable in the UK and Republic of Ireland {FRS 102) {¢fft¢tive l January 2019),, Financial Rrporting Standard 102 'Th¢ Financial Reportitig Standard applicable in the UK ond liepublic of Ireland. and the C'ompanies A¢t 2006. The finatKial stat¢n%nts have been prepared under the hIS￿riCal ￿51 eonvention. Income All income is recognised in the Stat¢m¢nt of Financial A¢tivi¢i¢s on¢e the charity has enliilcmcnt to ihe fut)ds, it i$probable that th¢ incom¢ will be re¢eived alld th¢ amount cav be rneasurcd reliably. Expenditure Liabilities ar¢ reco8ni5¢d a5 expenditure as soon as there is a leg81 or con￿￿¢1]ve obligation committing the charity lo that expenditure, it is probable that a transkr of e¢onomi¢ benefits will ￿ required in settl¢ment and the amount of the obligation can be measured reliably. Expenditure is a￿Ourt*d for on an accrua15 basis and has been ¢lassifi¢d under headings that aggregate ail cost relaied ro the ¢ategory. Wkn¢re ¢osls ¢annot be dir¢¢tly attributed to particular headings they have been allo¢at¢d to activities ort a basis consistent with the us¢ of TxxAtIo Th¢ charity 15 exempt from corporation its ¢haritsbl¢ actiwties. Fulld Atcounting Unre5trtcted (und$ ¢an be used in accordan¢¢ with the ¢haritsble objectives at the di￿retion of the trustce5. Restricted fimd5 can only b¢ used for particular restrid¢d purposes the objects of the charity. Restrictions rise when sp¢¢ifLed by the doDor or wh¢n funds are Taised for parti¢ular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes io the finan¢i81 statements. TRUSTEES, REMUNERATION AND BENEFITS Th¢re were no tNstee5' remuneration or other benefits for the year ended 31 Lk¢ember 2023 nor for the period ¢nded 31 De¢emb¢r 2022. Trnstees. *xpÈnses There were trustees, expenses paid foT the year ¢nd¢d 31 DecembeT 2023 nor for the period ended 31 December 2022. COMPARATIV&S FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 59,513 EXPENDITURE ON Chiriiable *Ctl￿tIeS Charitable Adiviiies 33,729 NET INCOME 25,784 Pag¢ 7 continued... T•irona Heritsge Trnst No¢¢s to the FiDgD¢i*I StaleJnthts- t&￿titsued for the year ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢ontinued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 25,784 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accruals and deferred incom¢ 1,080 1.080 MOVEMENf IN FUNDS Net movem¢nt in fvnds At 31.12.23 At 1.1.23 U￿￿triCted fundT General fund 25,784 3,901 29,685 TOTAL FUNDS 25,784 3,901 29.685 Net mov¢ment in funds, included in the above are as follows: Ittcoming Resourr¢$ ¢xpend¢d Movement in fimds Unrestricted funils Gerteral fund 16,662 (12,761) 3,901 TOTAL FUIYDS 16,662 (12,761) 3,901 Compardtives (or movem¢Dt in fund5 Net movcmeni in fund5 At 31.12.22 Unrestrltt¢d funds Generdl fund 25,784 25.784 TOTAL FUNDS 25,784 25.784 Pag¢ 8 continued... T*iron8 Heritage Thist Not¢s to the Fi￿￿£1*1 Stst¢JDents- e•ntinlled for the year ended 31 Detember 2023 MOVEMENT IN FUNDS- continued Comparative net movernent iti fi￿ds, in¢luded in the above are as follows-. Incoming re50ur¢es ResoU￿¢S expended Movement in fijnds Unrestricted General fund 59.513 (33.n9) 25,784 TOTAL FUNDS 59,513 (33.729) 25.784 RELATED PARTY DISCLOSURES There were no related party transo¢tions for th¢ year ended 31 December 2023. Page 9