Trustees’ Annual Report for the period
From January 2023 To December 2023
Charity name: Thousand Year Trust
Charity registration number: 1201579
Objectives and Activities
| SORP reference | |||
|---|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charitable objectives as laid out in the constitution of Thousand Year Trust are: 1. The promotion, protection, and expansion of temperate rainforest. 2. The creation and facilitation of farming clusters focused on the integration of agroforestry methods within agricultural systems. 3. The advancement of research, knowledge and skills development opportunities in restoration ecology not just associated with temperate rainforest restoration but nature recovery across Europe. The Thousand Year Trust is the only charity in the UK dedicated to restoring our temperate rainforests. The mission of the charity is to TRIPLE the amount of rainforest growing across the UK over the next 30 years from 330,000 acres to 1 MILLION acres. |
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| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
These objectives are being met through three project initiatives: Thousand Year Project The Thousand Year Project is working to implement a large-scale demonstration of how to restore temperate rainforest on land previously used for lowland farming, with the area used for grazing sheep. This unique programme will showcase how farming temperate rainforest can become a financially sustainable alternative to traditional farming. Cornwall Rainforest Project The goal of this project is to triple the amount of temperate rainforest growing across Cornwall from approx. 4,000 to 12,000 acres, focusing on the eastern Cornish climatic envelope. This will be a world-first in terms of the scale of habitat restoration of which we, as a country, can be proud. UK Rainforest Research Institute We will create an inviting space for academics invested in our mission to come to our site and study our existing patch of rainforest while uncovering how we can best preserve, protect and expand what we have. With accommodation and desk space we can host the |
| best minds from around the world with the intention of creating a thriving body of evidence to be shared with other rainforest guardians and we'll be able to understand our own rainforest intimately to keep it in pristine condition. |
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|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees can confirm that there has been a focus on the public benefit of the activities of the charity. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Thousand Year Trust has proactively engaged with educational programmes across the South West to Para 1.38 Contribution made by offer 10 placements for research and land volunteers management.
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Achievements for the Thousand Year Project have included: Ø By early February 2024 close to 25,000 trees will have been planted. Ø Beavers have been reintroduced to the Bedalder river valley with immediate ecological benefit Ø A study identifying the potential for Wild Cat reintroduction has commenced The priority for Cornwall Rainforest Project has been to secure a partner with experience in successfully applying for the Government Landscape Scale Recovery scheme. In Q4 Swallowtail was appointed as this partner. Achievements in developing the UK Rainforest Institute have included: Ø Appointment of two sector leading Co-Directors for the research programme Ø Progressing with agreement of university partnerships with University of Exeter, University of Plymouth and Eden Project Learning |
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Ø The creation of a project plan for the development of the research institute
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Ø Development of a programme of activity and key research milestones for the research programme
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set Investment performance Para 1.41 against objectives Other
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the year the charity had £5,400.58 in the bank |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Thousand Year Trust reserves policy sets out the need for building reserves to cover core running costs within the charity and to give security to the charity’s main 3projects. |
| Amount of reserves held | Para 1.22 | £0 |
| Reasons for holding zero reserves |
Para 1.22 | 2023 was the first year of operations with the team only appointed from August onward due. The charity is currently operating with a minimal committed cost base by using casual worker contracts and through using self-funded educational placements to accomplish the work of the charity. The tree-planting is funded through a EWCO grant which gives certainty to the completion of the planting initiative. |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The commitments of the charity to habitat restoration require long term operations as it will take many decades for recently planted sites to mature. This continuity is a risk. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Grants from charitable funds, donations from corporate partners and individual giving are the main forms of income for the charity. The Fundraising & Operations Assistant is working on fundraising initiatives for c.2 days per week with a pipeline of funding proposals worth £1,200,000 on which we are awaiting responses – this includes significant investment in key projects as well as an element of core cost. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | The constitution for Thousand Year Trust is the governing document. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is Incorporated. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The board of trustees has been selected for their varied skills sets and includes individuals with backgrounds in rainforest research, land management, law, finance and research. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 |
Reference and Administrative details
| Charity name | Thousand Year Trust |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1201579 |
| Charity’s principal address | Cabilla Manor Cardinham Cornwall PL30 4DW |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Chris Blackford | ||||
| GuyShrubsole | ||||
| Samantha Skinner | ||||
| Colin Shaw | ||||
| Henrietta McIndoe | October 2023 |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Merlin Hanbury-Tenison – Managing Director Ennia Bosshard – Research Co-Director Harrison Carter – Research Co-Director
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
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|---|---|---|
CHRISTOPHER BLACKFORD |
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CHAIRMAN |
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6TH FEBRUARY 2024 |
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6TH FEBRUARY 2024 |
REGISTERED CHARITY NUMBER: 1201579 GSONS 0 8 JUL 1014 RECEIVED FALMOUTH Report of the Twstees and Unaudited Finan¢ial Statements for the Perlod 13th January 2023 to 31st Jan ary 2924 for Thousand Year Twst Hodgsons Chartered Accounlanls 48 Aenack Street Falmouth Comwall TR113JH
Thousand YLst nts of the Flnancial Statsments for the Peritxl 13th Janu 2023 to 31stJan Pago Report of the Truste•s I to 3 Indepondent Examlnorfs Report statement of Flnancial Actlvities Balan¢9 Sh9et Notss to the Flnancial Statements 7 to 9 Detailed Statsment of Flnanclal Actlvltles 10
Thousand Year Trust Report of the Trustees for the Period 13_t_h_ January. 2023 to 31st Janua 2024 The trustees present their report with the financial statements of the charity for the period 13th Janu8ry 2023 to 31 sl January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms The charitable objectives 8518¢d out in the consttution of Thousand Year Trust aro.. 1. The promotion, prolectÈon, and expansion of temperate rainforest 2. The creation and facililalion of farming clusters focused on th8 integration of agroforesty methods within agricultural systems 3. The advancement of research, knowledge and skills development opportunities in restoration ecology not just associated with lemperale raInfOSt restoraOn bul nature recovery across Europe The Thousand Year Tnjst is the only charity in the UK dedicated lo restoring our temperate rainforesls. The mission of the chartiy is to triple the amount of rainforest growing across the UK over the next 30 years from 330,000 acres lo 1 million acres. These objectives are being met through three projecl ini118tives.. Thousand Year Project The Thousand Year Projed is working to implement a large-scale d8fflDllSlration of how lo reslore temperate rainforest on land previously used for lowland farming. wlh the area used for grazing sheep. This unique programme will showcase how farming lempef21È rainforest can become a financially sustainable allemalive to traditional farming. Comw811 RaInfoSt Project The goal of this project is to triple the amount of temperate rainlorest growing across Cornwall trom approx. 4,000 to 12,000 acres, focusing on the eastern Cornish dimatic envelope. This wll be a world-fiFsI in terms of the scale of habitat restoration of which we, as a country, can be proud. UK Rainforest Research Instit4Jte We will create an inviting space for academics invested in our mission lo come to our sile and study our existing patch of rainforest while uncovering how we can best Pfeserve, protect and expand what we have. With accommodation and desk space we can host the best minds from around the world with the intention of Cfealing a thriving t)ody of evidence to be shared with other rainforest guardians and we'll be able lo understand our own rainforest inlimalely lo keep il in pristine condition. Public benefit The trustees can confirm that they have had regard for the Charity Commission's guidance and there has been 8 focus on the public benefit of the activities of the charity. Voluntsers Thousai3d Yea¥ TrJsl li<lS PfoaGtiY¢ly eiiy¢isJ¥d vv*llE eduLciliuridl prug1¢Ill[F7eS tlie SDtJLtI Webl to off8r 10 plaentS for research and land management. Page 1
Thou Lnd Year Trust Re ort of the rustees for the Period 13th Janua 2023 10 31st Janua 2024 ACHIEVEMENT AND PERFORMANCE Charltable activities Achievemènts for the Thousand Year Project have included.. - By early February 2024 ck)se to 25.000 trees will have been planted. - Beave have been reintri)duced to the Bedalder river valley th immediate e¢ological benefit - A study identifying the potential for Wild Cal reintrLxJuction has commer)ced The priority for Comwall Rainforest Project has been to secufe a partner wilh experience in successfulty applying for the Govemmenl Landscape Scale Recovery scheme. In Q4 Swallowtail was appointed ag this partner. Achievements in developing the UK Rainforest Institute have included-. - Appointment of two sector leading Co-Directors for the research programme - Progressing with agreement of university partnerships with University of Exeter. University of Ptymouth and Eden Project Learning The creation of a project plan for the devek)pmenÉ of the research institute - Developmenl of a programme of activity and key research milestones for the research programme. FINANCIAL REVIEW Flnanclal posltion During the year, the charity made nel income of £4,198. At the year end the charity had the following on the balance shaet.. Current Assets of £6,839 Current Liabilities of £2.641 Net Assets of £4.198 all of which are in the fomi of unrestricted funds. PrinGipal fundlng s¢)urce$ Grants from charitable funds. donations from Cofporale Partne and indwKlual giving are the main fomis of income for the Charity. The Fundraising & Operations Assistant is working on fundraising initiatives for 2 days per week wtth a pipeline of fijnding pmposals worth £1,200.000 on which w8 are awaiting r8sponses - this includes signtficanl investment in key projects as well as an element of core cost. Resarves policy The Thousand Year Trust reserv8s policy sets out the need for building resgvves to cover core running costs within tho charity and to give secltrily to the charity's main 3 projects. 2023 vras the first year of operations with the team only appointed from August onward due. The chaty is CLfrrently operating with a minimal commilled cost base by using casual W0er contracts and through using self-funded educational placements to accomplish the woik of the charity. The tree-planting is ftjnded through a EWCO grant which gives certainty to the completion of the planting Golng concern The Iruslee's have given Consideration to the charills going concern and concluded that the commitments of the charity to habitst resloratson require long lem operations as il will lake many decades for recently planted sites to malure. This continuity is a risk. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlted by ils governing document. a deed of trust and eonslilutes an unincorporaterl chaiity. Thousand Year Twsl is controlled by ils governing document. a constilution for a charitable irworale(I organlsation ICIOI using the foundalion model. Page 2
Thousand Year Trust Report of the Trustees for the Penod 1_3_th January.?0_23 to 31st January_-20_24 STRUCTURE, GOVERNANCE AND MANAGEMENT RecTUltment and appointment of new trustees The board of trustees has been selected for their varied skills sets and includes ind¢viduals wtth backgrounds in rainloresl research. land management, law, finall and research. REFERENCE AND ADMINISTRATVrfE DETAILS Registered Charlty number 1201579 Principal address Cabilla Manor Cardinham Bodmin Cornwall PL30 40W Tru$tses G E Shrubsole DrCNShaw C Blackford Ms S Skinner Mrs H Mclndoe {appointed 4.12.23) Independent Examlner James Hodgson BA (Honsl FCA Hodgsons Chartered Accountants 48 Arwenack Street Falmotjth Cornwall TR113JH Approved by order of the board of trustees on ............................................. and signed on its behalf by.. C Blackford - Trijstee Page 3
Inde endent Examlnerfs RaJrt to the Trustees of Thousand Year Trusl Independent éxaminerfs report to the trust805 of Thousand Year Trust I report lo the charity trustees on my oxamination of the accounts of Thousand Year Trust (the Trust) for the period 13th January 2023 to 31 st January 2024. Responslbllltles and basis of report As the charity tmstees of the Trust you are responsible for the prepardtion of the accounts in accordance wlh the requirements rjf the Charities Act 20111'the Acl'}. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Chartty Commtssion under Section 14S{5)Ib> of the AGt. Ind@Ddenl examiner's Statemènt I have completed my examination. I confimi that no material matters hsve come to my attention in connection with the examination giving me cause to believe that in any material rewct.. aOnINj records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do nol accord with Ihose records.. or the accounts do not comply with the applicab requirements concerning the fom) and content of accounts set osjl in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vfew which is not a matter considered as part of an Independent examination. I have no concems and have come across no other matters in connection wilh the examination to which attent*on should be drawn in this report in order tr) enable 8 proper understanding of the accounts to be reached. James Hodgson BA {Honsl FCA Hodgsons Chartered Accountants 48 Awenack Street Falmouth Comwal TR113JH Pag8 4
Thousand Ygar Tru$t Statement of Financial Activities forthe Period 13th Janua 2023 to 31st Janua 2024 Unreslricled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 42,005 EXPENDITURE ON Charitable activities Charitable aetivilies Support co- 19,501 18,306 Totsl 37,807 NET INCOME 4.198 TOTAL FUNDS CARRIED FORWARD 4,198 The notes lorm part of these financial statements Page S
Thousand Year T Balance Sheet 31st Janu 2024 Unrestricted fund Notes CURRENT ASSETS Debtors Cash at bank 5,424 1A15 6,839 CREDITORS Amounts falling due williiii Liiie ytsar (2.641) NET CURRENT ASSETS 4198 TOTAL ASSETS LESS CURRENT LIABILITIES 4.198 NET AssErs 4,198 FUNDS Unrestricted funds 4.198 TOTAL FUNDS 4,198 The financial stalements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by: L.f.ÉtXK C Blackford- Trustee The notes fomi part of these financial slalements Page 6
Thousand Year Trust Noto$ to the Financial Statements for the Period 13th Janua 2023 to 31st January 2024 ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the char*ly, which is a public benefit entity under FRS 102, have bèen prepared in accordafi with the Charities SORP IFRS 102} 'Ac¢ounling and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}', Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Finanoal Activities once the charity has enlillement lo the funds, ¢t is probable Ihat the income will be received and the afflotjnt can be measuTed reliably. Expendlture Liabilities are recognised as exp&ndilure as soon as there is a legal or conslTU¢t¢ve obligation committing the charity lo that expenditure, it Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured lIablY. Expenditure is accounted for on an accruals basis and has beon classified under headings that aggregate all cost related lo the category. Wheie costs cannot be directly attributed lo particular headings they have been allocated lo actsv¢lies on a basis consistent with the uge of resources. Taxation The charity is exempt from lax on its charitsble activities. Fund a¢¢ountlng Unrestiicled funds can be used in accordance wilh the charitable objectives at the discretion of the Iruslees. Restricted fLsnds can only be used for particular restricted purposes within the objects of the chaTIty- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is in¢lL¢ded in the notes to the financial slalemenls. CHARITABLE ACTIVITIES COSTS Support costs Isee note 31 Direcl Costs Totals Charitable activities Support costs 19,501 19.501 18.306 18,306 19,501 18,306 37.807 Page 7 continued...
Th nd Year Trust Notes to th• Flnancial Ststonients - eontinued for the Perio 13th Janua 2023 to 31st JA2024 SUPPORT COSTS Govemance costs Managemènt Totals Supwrt costs 13,116 5,190 18.306 Support costs, included in the above, are as foll¢)ws'. Management Support Gosts Vvebsile Insurance Brand development 2,376 196 10.544 13,116 Govemance costs Support costs Ac¢ount2ncy and legal fees 5.190 TRUSTEES. REMUNERATION AND BENEFITS There re rto trustees, remuneration or other benéfits for the period ended 31sl January 2024. TTUStg0s' gxpens8s There were no Iruslees. expenses paitl for the period ended 31st January 2024. STAFF COSTS Wages and salaries Social security costs 18,595 19.031 The average monlhly number of employees during the period was as follows: Administration Managing ditector No empk)yees received emoluments in excess of £60.000. Page 8 continued...
Thousand Year Trust Notss to the Financlal Statements- continued for_the Period_13th January.2023 to 31st Janua INDEPENDENT EXAMINER'S FEES The amoLtnts payable to the independenl examiner for the period are as follows.. Independent èxamination £600 Accountancy seNices £600 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 5.424 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security other creditors 1.094 1.547 2.641 MOVEMENT IN FUNDS Nel movement in funds At 31.1.24 Unrestricted funds General fund 4,198 4,198 TOTAL FUNDS 4.198 4.198 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fUrS Unrestricted funds General fund 42,005 {37,8071 4.198 TOTAL FUNDS 42,005 {37,807} 4.198 10. RELATED PARTY DISCLOSURES During thc poriod ended 31st January 2024 8 loafi of ES,000 was provided to the charity by the managing director, Mr M Hanbury-Tenison. This was subsequently repaid in the same period. Furthermore, land owned by Mr M Hanbury-Tenison has been used by the charity and ils voluntÈers. The volunteers have providecl woodland management services lo protect and expand temperate rainforest in line with the chariV5 charitable objective. No payment has been madg for the use of the land or the services provided. Page 9
Inde endent Examlnerfs RaJrt to the Trustees of Thousand Year Trusl Independent éxaminerfs report to the trust805 of Thousand Year Trust I report lo the charity trustees on my oxamination of the accounts of Thousand Year Trust (the Trust) for the period 13th January 2023 to 31 st January 2024. Responslbllltles and basis of report As the charity tmstees of the Trust you are responsible for the prepardtion of the accounts in accordance wlh the requirements rjf the Charities Act 20111'the Acl'}. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Chartty Commtssion under Section 14S{5)Ib> of the AGt. Ind@Ddenl examiner's Statemènt I have completed my examination. I confimi that no material matters hsve come to my attention in connection with the examination giving me cause to believe that in any material rewct.. aOnINj records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do nol accord with Ihose records.. or the accounts do not comply with the applicab requirements concerning the fom) and content of accounts set osjl in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vfew which is not a matter considered as part of an Independent examination. I have no concems and have come across no other matters in connection wilh the examination to which attent*on should be drawn in this report in order tr) enable 8 proper understanding of the accounts to be reached. Jaff$ Hodgson BA {Honsl FCA Hodgsons Chartered Accountants 48 Awenack Street Falmouth Comwa TR11 3JH Pag8 4