## **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.|| |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.| |---|---|---| |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| - Ø The creation of a project plan for the development of the research institute - 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:||| |---|---|---| |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**||| |---|---|---| ||
**CHRISTOPHER BLACKFORD**|| ||
**CHAIRMAN**|| ||
**6TH FEBRUARY 2024**|| ||
**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 A￿enack Street Falmouth Comwall TR113JH Thousand Y￿L￿st 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 const*tution 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 raInfO￿St restora￿On 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 RaInfo￿St 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¥ Tr*Jsl li 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.. a￿O￿nINj 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 JA￿2024 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 fUr￿S 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 RaJ￿rt 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.. a￿O￿nINj 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