Rogistered Charily No.. 1201851
CE031330
Future Trees Trust CIO
Report of the Trustees and FinanciaLStatements
for the yèar ended
5th Aprll 2025
Wgnn Townsend
Chartered Accountants
Oxford

Future Trees Trust
Contanl$
Pagg
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balanee Sheet
10
Statement of Cash Flows
Notes lo the Financial Slalemenls
12-24
Detailed Slalemenl of Financial Activities
25

Future Trees Trust cio
Report of the Trustees
for the year ended 5th April 202S
The trustees present their report with the financial statements of Ihg Charity for the year ended 5th April 2025. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended
Practice applicable lo charities prep8ring their accounts in accordance wlh the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1st January 20191.
OBJECTIVES AND ACTIVITIES
The governing scheme defines the charity's objects as being lo..
TO PROMOTE, FOR THE BENEFIT OF THE PUBLIC. THE CONSERVATION, PROTECTION AND
IMPROVEMENT OF THE NATURAL ENVIRONMENT BY PROMOTING AND COMMISSIONING
RESEARCH INTO HARDWOOD FORESTRY AND IN PARTICULAR RESEARCH INTO THE
GROWING AND IMPROVEMENT OF BRITISH HARDWOOD SPECIES. AND THE DISSEMINATION
OF THE USEFUL RESULTS OF ANY SUCH RESEARCH.
TOADVANCE THE EDUCATION OF THE PUBLIC IN THE SCIENTIFIC RESEARCH WORK OF THE
BRITISH AND IRISH HARDWOODS IMPROVEMENT PROGRAMME AND IN SUSTAINABLE
FOREST AND WOODLAND MANAGEMENT. ISUSTAINABLE FOREST AND VVOODLAND
MANAGEMENT IS DEFINED AS BEING DEVELOPMENT THAT MEETS THE NEEDS OF THE
PRESENT WITHOUT COMPROMISING THE ABILITY OF F.UTURE GENERATIONS-TO MEET
THEIR OWN NEEDS.)
AIM
To create genetically diverse breeding populations of tree species which contribute to the development of resilient,
healthy and productive forests and to climate change miligalion.
08JECTIVES
Through programmes of progeny trialling and the establishment of cbnal and seedling seed orchards. produce
lesled material ol our core species.
2. Through pro9rammes of plus tree selection and the estsblishmenl of clonal seed orchards, produce qualified
material of minor species, priorilising species for wood production and woodland resilience.
3. Carry out genotyping of our plus trees to characterise and better understand the genetic diversity of our
breeding populalions.
4. Fulure proof our breeding populations by incorptsraling some selected trees of non-UK origin.
5. Promote the use of improved seed by forest nurseries and demonstrate the gains that ¢an be made from using
improved material through a seiies of demonslrabon plots around the country.
6. By the means described above, contribute lo current policies to combat ¢limale change. enhancing biodiversity,
disease resilience and carbon sequestration.
7. Promote conservation of the forest seneb'c re50urce5 of UK native and naturalised broadleaved species.
Public benefit statement
The Trustees have complied with their duly lo have due regard lo the guidance on public benefit published by the
Charity Commission in exercising their powers and duties.

Future Trees Trust CIO
Report of the Trustees
for the year ended 5th April 2025
ACHIEVEMENTS AND PERFORMANCE
Our aim is lo carry out the long-lerm scientific research, trials and testing required to develop the best adapb.ve and
productive genotypes of the principal hardwood species both native and naluralised or introduced lo the UK. Our
breeding programmes with oak. ash, wild cherry. sweet cheslnul. birch, and sycamore consiLler aspects ot vigour,
form and disease resislan¢e while ensuring a broad genetic base for adaptability and resilience. The timescale is
15 10 20 years of continuous monitoring and refining before better material can become widely available. Future
Trees Trust has established the disciplines and the procedures to ensure the best possible outcomes in the shortest
possible timescale.
The increased interest in sustainable forestry and homegiown limber production has given us a unique opportunity
to demonstrate the value of our research and the need for long-lerm investment in tree breeding. Key achievements
in 2024125 include..
Progeny trials for two of our core species, silver birch and Sycamore, have now been planted with year 2
data collected this winter. These are growing well, and we will reassess them in year 5.
The Living Ash Project phase 2 has now been completed wlh the planting of 2 clonal archives.
Our Seed Sourcing Grant projects have delivered on three minor species.. hornbeam, beech. and
blackthorn, and we are progressing work on wild cherry.
Craven Field, our new research woodland. has been planted with progeny trials, a blackthorn seed $18nd.
and planting has commenced in sessile oak and wild cherry clonal seed orchards.
Supersizing Broadleaves phase 1 has been completed.
Demonslralion plots were planted in 2022 which was a very hol and dry springlsummer, and results are
poor at two of the four siles with many trees dying. We want ID repeat this work with additional seed
sources over the next bNo years.
Continued support for the Palsy Wood Scholar.
Continued support lor Eamonn Cooper PhD sludenl al Trinity College Dublin.
Staffing changas
James Macintyre has joined us as a Researcher.
Ruaridh Phillips completed his year 85 the Palsy Wood scholar and Sam Carroll has joined us as the new PWS.
Catherine Barton has joined us as our FinancelAdmin Assi51anl on a part-lime basis.
The Board of Trustees mel in person and online quarterly throughout 2024125.

Future Trees Trust CIO
Rgport of the Trustees Icontinuedl
for the year ended Sth April 2025
FINANCIAL REVIEW
Income
2024125 has been a great year for FL*ture Trees Trust as il's seen our team grow as we've taken on more projects.
In a change from previous years, the level of public funding now exceeds that of charitable trusts putting us on a
sounder financial footing.
Total income forlhe year was £526k, of which £356K is reslricled to research. This figure represented a significant
difference against budget and was primarily due lo the bringing forward by a year the planting of two ash archNe5
at the end of 2024125. Money received as a result of fundraising activity {bolh core and research) tolaled £236k
thanks to our very generous supporters and an increasing understanding ofthe importance of our work. Core costs
for the year lolaled £181k {2023124 £129kl. This increase is due lo a number of one off costs associated with the
move to the new CIO entily, website and IT improvemenls and branding materials plus a general increase in Costs
for professional services provided and the addition of admin support.
While we continue to be heavily dependent on Charitable Trusts and Foundations, the percentage of this income
against the total is reducing in line with previous years. Our percentage of funding from public sources ¢onlinues
lo grow and means that Ihe charity income streams are more diverse. Defra continues to SUPPOrt the Living Ash
Project and we again received funding from Scollish- Forestry. We are grateful to all our donors and supporters.
without whom our work would not be possible. A full list of our supporters is included latèr in this Annual Report.
Expendtture
Su¢¢ess securing research grants in 2023124. has enabled us lo undertake new research projects and therefore
our expenditure has broadened correspondingly. Much of our expenditure is on research both staff and project
specific expenses. We have also made investments into our Brand development and systems within the
organisalion.
Strategic Partnership wlth the National Trust
In early 2024, we launched an exciting partnership with the National Trust, aligning with both organisalions.
strategic goa15. This collaboration enabled us ID relocate lo NT Buscol and Coleshill Estsle. 8dvanTr plans for
National Cenlre, and establish a research woodland at Craven Field in Uffinglon, south Oxfordshire. By cornbining
our slrenglhs, we reduce project risk while creating a valuable sector resource. This milestone also marks Future
Trees Trust's first opportunity for direct land management, supporting our 10-year strategy and enabling us to
increase awareness of our work.
The next phase of our partnership project involves converting The Granary, 8 Grade 1 Listed heritage building, into
a National Centre for Broadleaved Tree Improvement and Outreach.
The National Centre will serve as an innovative hub fo¢u5ed on advancing environmental education, tree
improvement, and sustainable forest management.
Buiit lor learning and collaboration, il will bring together researchers, educators, and industry leaders lo drive
positive change by promoting sustainable forestry practices and environment81 stewardship. We hope this
development inspires the next generation by showcasing career opportunities in the forestry sector and
encouraging future generations lo explore these pathways while f05tering a stronger connection ID the natural
world.
The Centre wll also play 8 part in addressing climate ¢hange by promoting sustainable practices, encouraging
people lo take care of the environment and raising awareness of forestry's role in a more sustainable futu￿.
Engaging the general public. particularly children and young people, is also a key focus of the Cenlre. Educating
children about the environment fosters a generation of problem-solver5 and leaders commilled lo suslainabilily. By
teaching them about the importance of trees and forestry in achieving climate goals, we lay the foundation for a
greener future.

Future Trees Trust CIO
Report of the Trustees Icontinuedl
for the year ended 5th April 2025
In addition to the progress being made against our 10-year strategy, we h8ve also made significant progress in
terrns of infraslruclure and future resilience..
We have now moved lo the new CIO entity.
We have moved into our new ofFices al Cole5hill.
The number of highly influential people who have agreed to become Vice Patron5 and promote the work
that we do continues to grow.
We have gone through a rebranding exercise and have updated our website and all commijnicalions
materials.
We are really excited about the future and the key role Future Trees Trust can play in delivering significant
improvements across the sector and we look forward lo keeping our supporters informed of our developments over
the coming months.
RESEARCH PROGRAMMES
Our research programmes are broad bul with an overarching aim of improving the quality of planfy'ng stock in terms
of limber trails and ensuring that all our trials and orchards are genetically diverse, helping the next generation of
trees lo thrive in our changing climate.
Living Ash Proje¢l
This year saw the culmination of len years work un(Jer the Living Ash Project ILAPI with the planting ol loleranl ash
in two archives. ThroLJghoul this project, many ash resouffjes have been screened for resistance lo ash dieback,
including research Iri815 that were planted long before the arrival of the disease140.000 Ireesl. new mass $￿eenIng
Irials1155,000 Ireesl and progeny trials122,000 trees) planted by Forest Research, as well as trees in the wider
environment ranging from nature reserves lo highly managed forestry e5tales.
In the first five years of the project (LAP 11. we selected approximately 1,000 trees for tolerance lo ash dieback.
These were gralled and planted on the public forest estate in 2019 and have been monitored every year since.
However. these selections were made early on and disease progression was relatively slow in some areas. Five
years on, a third of these, unsurprisingly, have died, a third are living with the disease, and about 30Q/o are still really
healthy. Adding to this healthy third are 855 new, better. selections that we have made through LAP 2. These new
selections have had prolonged exposure and greater inoculum pressure than the original LAP 1 selections,
meaning their diebaek tolerance is likely much greater.
I seleth'ons were made on the tree's phenotype - what disease symptoms are visible. We hoped lo screen all
trees lo look for chemical markers associated with tolerance bul have not yet beon able lo gel this lo work. Genomic
predictions can also be made as lo whether the Iree contains DNA markers associated wrth tolerance. and this
work is being taken forward by colleagues al Kew.
The trees were grafted al East Marling Rèsearch in Kent in January 2024. and have grown realty well. Six ramels
Icopiesl of each tree were grafted and this winlerwere planted in the original archive in Hampshire and in a second
archive in Clackmannanshire, again on the public loresl estsle.
This work has been fully funded by Defra. for whom we are very grateful for their continued support. Going forward
we will conkn'nue lo monitor the archives and key research trials, remove any unhealthy selections, and hope lo
commence a breeding programme so that we can once again plant the graceful ash tree.

Future Trees Trust CIO
Report of the Trustees Icontlnuedl
for the year ended Sth April 2025
Supersizing Broadleaves
This year saw the conclusion of our Supersizing Broadleaves Project which has been supported over the last three
years by the Forestry Commission's Tree Production and Innovation Fund ITPIFI. Asking the question 'Whal
happens when you lake the best seed available. raise il in the best way for that species, and establish it in the best
way possible for a particular sile?, we planted three full factorial tll815 with 48 various Irealmenls to answer this.
We used seed from tree improvement programmes for silver birch, pedunculale oak and sycamore and compared
these lo typical source identified planting stock., we raised Ihem in two common nursery practices of bare Tool and
cell grown, and then planted them with different establishment prolo¢ols, applying weed conlrol, lertilizer, a
combination of these or no treatments as a control.
Two of our trials planted on restock siles unfortunately suffered attack by three species of weevils in May 2024, a
common pest of coniferous planl81ions and much less known lo allack ljroadleaves. We carried out a rapid
assessment ol every tree in spring, and also recorded survival, growth and darnage this winter. Results were really
interesting with the sycamore and birch that were badly damaged by weevil dying and the oak surviving, probabty
due lo a larger root Collar at lime of planting land thus were not girdled) and with bigger laprools and resources.
Because the trials are large and well designed, there are sufficient trees to still answer the original question. We
only have one year data al present, so results are very provisional. The TPIF is being launched again in 2025, and
we hope lo secure follow-on funding to allow us lo monitor these trees foT a few years more yet.
Mlnor Spe¢ies and Wild Ch&rry
These aim lo enhance seed supply of improved beech and wild cherry, as well as laying the ground work for future
improvement programmes of other potential species like hornbeam and wild service. In two years, we have found
109 beech and 62 hornbeam plus trees, and the best of these beech trees have been climbed and graftwood
collected lo establish a seed orchard al our new research sile.
This winter, the team made a mammoth effort, travelling across the country. lo collect graftwood from 51 plus trees
of beech, cherry 2nd oak from Devon lo Cumbria. We had two researchers in the field throughout January
accompanying climbers and collecting precious graftwood.
We have made around 500 beech grafts and await results later this year. There was favorable weather for beech
growth last year. so the quality of gTaftwDod was good, and we are hoping to improve our number of successftjl
grafts Irom the previous year. We also made almost 1.000 grafts froffl 114 cherry selections, including 18 new
ones. Beech and cheiry grafts will be deployed in new elonal seed orchards al our research woodland. Craven
Field, next winter.
Also al this site, over winter, we have planled a genetically diverse blacklhorn seed sland to aid seed supply of this
species as well as provide a source of pollen and food for local wildlife.

Future Trees Trust CIO
Report of the Trustees Icontinuedl
for the year ended 5th April 2025
Supporting Young Researchers and FO￿$ters-The Patsy Wood Scholarship Programme
The legacy grant thal we received from the Palsy Wood Trust in 2017 has enabled u5 to support several early
career foresters and researchers and 15 proving very su¢¢essful. There is a chroni¢ shortage within the sector of
Skilled young people. and particularly a lack of understanding of forest genetic resources and the role these play in
helping lo deliver resilient, productive and healthy woodlands. This yearfs scholai is Sam Carroll who is working
with the Future Trees Trust with an additional placement with English Woodlands. Our current PhD sludenl.
Eamonn Copper, is investigating genetic diversity within British and Irish oak populations.
Future Plans
Building on the success of the last few years, we have exciting plans for the future which include..
Raising funds to develop the Granary barn lin partnership with the National Trusll lo provide an educational
centre that will showcase the work of Future Trees Trust and the importance of forestry and the broader
Woodland Sector.
Recruit additional Trusleesto ensure we have the skills required to help the organisalion increase ils impact
over the next few years.
Recruit a Senior Researcher lo ensure we have the capacity lo cairy out all the projects identified in our
10 year strategy.
Work with partners lo deliver research projects that have a lasting impact on the sector.
Identify new partnerships that will help us achievè our ambitious future goals.
Reserves pollcy
The trustees deem that reserves should be sufficient to allow the charity lo continue ils work for as long as possible
in the event that income should diminish, especially in a period of economic uncertainty. Given the current economic
climate, and the long term nature of our worf(. the Iruslees believe il is prudent lo rnainlain a financial reserve of al
least tyvelve months, core operatin9 ¢osls as a contingency against unexpected circumstances, with Six months of
these costs held in a designated fund. As al 5th April 2025, free reserves lotaled £96,77012024'. £1[￿,825). and
the Iruslees are conlenl that this is broadly in line with the above target.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The Charity is consliluled as a Charitable Incorporated Organi5alion ICIOI, registe￿d on the 6th February 2023.
The Trustees are legally responsible for the govemance and management of the Charity, and responsible for the
selling of slralegie5 and policies for ensuring that these are implemented.
Related parties
There are no related parb'es.
Risk management
The charity's ttuslees have considered the major risks lo which the charity 18 exposed and have systems and
procedures in place lo manage the significant risks and lo miligale any adverse oul¢omes.

Future Trees Trust Clo
Report of the Tru$tee$ l¢ontinuedl
for the year ended 5th April 2025
REFERENCE AhlD ADMINISTFATIVE DETAILS
Charlty R¢gistration Number-
1201851
CIO Number=
CE031330
TrusteÈs
C Calahan
R Coppock
J Hubert (resigned 215.. Jènuary 20251
J L&VJh-Pembert￿ (Chairl
A Sn¢Mden
A Stafford
Principal Offic•
Unit 3
The Sheepyard
Home Farm
Goleshill
SN6 7PT
Ind&pendent Examlner
8 Hayes FCA
Wenn Townsend
30 Sl Gile$
Oxford
OX1 3LE
Bankors
Barclays Bank PLC
Lelcesier
LE87 2BB
Aprxovad by order of the board of Irust88$ On .
. 2025 and signed on its behalf by..
h-Pemberton
rust

Independent Examiners. Report to the
Trustees of Future Trees Trust CIO
I report lo the charity Iruslees on ry examination of the accounts of Future Trees Trust Ithe Trust) for the year
ended 5th April 2025.
Responsibilities and basis of report
As the charity Iruslees of the Trust you are responsible for the P￿paratIOn of the accounts in accordance with the
requirements of the Charities Ad 2002 {Yhe Act'l.
I report in respect of my examination ofthe Trust's accounts carried out under section 145 oflheAct and in carrying
out my examination I have followed all applicable Directions given by the Charity Commission under section
14515llb) of the Act.
Independent examlner's statement
Since your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can
confirm that l am qualified to undertake the examination because l am a registered member of the ICAEW which
is one of the listed bodies.
I have completed by examination. I confim that no material matters have come lo my allenlion in connection with
the examination giving me cause lo believe that in any material respect".
a￿OUntIng records were not kept in respect of the Trust as required by section 130 of the Ad.. or
the accounts do not accord with those re¢ords', or
the accounts do not Comply wilh the applicable requirements conceming the form and conlenl of accounts
sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair viewwhich is not a maller considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
s Bsc FCA
Wenn Townsend
Chartered Accountants
Oxford
2025

Future Tree5 Trust CIO
ststement of Financial Activities
for the year ended 5th Aprll 2025
2025
Total
Funds
2024
Totsl
Funds
Unrestrlcted
Funds
Restrlcted
Funds
Notes
Income and Endowments from
Donations, grants and legacies
Investment income
169.708
302
355,507
525,215
302
535,779
4,738
Total
170,010
355.507
525,517
540,517
Expendlture on
Raising funds
86.195
86,195
63,372
Charitable a¢tivitie5
Scientific research and testing
82,401
341,425
423.826
438,886
Total
168,596
341,425
510,021
502,258
Net incomellexpenditurel
1.414
14.082
15.496
38.259
Transfers between funds
4,756
14.7561
Ngt movement in fund$
6,170
9,326
15,496
38.259
Reconciliation of funds
Totsl funds broughtfotward
235,375
258,146
493,521
455,262
Total funds carried fornard
241,545
267.472
509,017
493.521

Future Trees Trust cio
Balance Sheet
As at 5th April 2025
2025
Totsl
Funds
2Q24
Total
Funds
Unrestrlctsd
Funds
Rèstricted
Funds
Notes
Flxed Assets
Tangible assets
10
775
T75
1,550
Current Asset5
D&blors- funding recoverable
Cèsh ai bank
2,000
246.644
61,656
234.772
63.656
481.416
33,660
493.230
248,644
296,428
545.072
526,890
Creditors
Arnounls falling du8 within one ygar
11
17,8741
128,9561
136.8301
134,9191
Net Current Ass&t$
240,770
267.472
508.242
491.971
Total Assets less Current Liabilities
241.545
267.472
9,Q17
493,521
Net Assets
241.$4S
267.472
509,017
493.521
Funds
Unrestricted fiJnds-
General fund
Designated fund
12
97,545
144.000
108,375
127,000
241.545
235.375
Restricted funds
267,472
258,146
Total Funds
509.01T
493.521
The financial 5tatemenls were approved by the Board of Trustees aNI aulhorised fof issue
and were signed on its behalf by..
2025
h*emberton
u$t
-10-

Future Trees Trust CIO
Statement of Cash Flows
for the year ending 5th April 2025
2025
2024
Rèconciliation of net movement in funds to net cash flowfrom operating activities
Nel movement in funds
Depreciation charge
Investment income
Ilncreaselldecrease in debtors
IDe¢reasellincrease in creditors
15,496
775
13021
129,9961
1,911
38,259
775
14.7381
16,7311
31,554
Net cash flow from operating activities
{12.1161
59,119
Cash flow from operatlng activities
112,1161
59,199
Cash flows from investing actlvltles
Interest income
302
4,738
Purchase of tangible fixed assets
12,3251
Cash used in investing activities
302
2,413
Increase in cash and cash equivalents in the year
111,8141
61.532
Cash and cash equivalents at the beginning of the year
493.230
431,698
Total cash and cash equivalents at the end of the year
481.416
493,230
-11-

Future Trees Trust CIO
Notes to the Financial Statements
for the year ended 5th Aprll 2025
Accounting policies
Basis of prèparing the financial statement5
Future Trees Trust CIO is a Charitable Incorporated Organisalion ICIOI in England I Wales. The address
of the registered office is given in the charity information on page 5 of these financial slalements. The
nature of the charit￿$ operation5 and principal adivilies are detailed in the Trustees Report.
The CIO acquired the nel assets of the unincorporated Future Trees Trust (registered charity 1103202} on
6th April 2024, and this has been accounted for using merger accounting as required by the FRS 102 SORP
in order lo present a true and fail view.
Under merger accounting the comparative fi'gures in these accounts represent the results and financial
position ol the unincorporated charity Ithere was no activity in the CIO befoie then),
As al the transfer dale the old unincorporated charity reported..
£'ooo
540
15021
Total income
Total expenditure
Nel movement in funds
38
Nel assets
Represented by..
Unrestricted funds
Restricted funds
236
258
Total funds
494
The charity conslilutes a public benefit entity as defined by FRS 102. The financial slalements have been
prepared in accordance with Accounting and Reporting by Charities.. s￿tement of Recommended Pra¢li¢e
applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable In the United Kingdom and Republic of Ireland (FRS 1021. the Charities Act 2011, and UK
Generally Accepted Accounting Pra¢lice.
The financial slalemenls are prepared on a going concern basis under the historical cost convention.
modified lo include certain items al fair value. The financial slalemenls are presented in sterling which is
the fLJnclional currency of the Charity. The significant accounting policies applied in the preparation of these
financial slalemenls are sel out below. These policies have been consislenlly applied tts all years
presented unless otherwise staled.
-12-

Future Trees Trust CIO
Notes to the Financial Statements
lor the year ended 5th April 2025
Income recognltlon
All incoming resources are included in the Slalemenl of Financial Activities {SoFAI when the charity is
legally enlilled lo the income after any performance conditions have been mel, the amount can be
meaSU￿d reliably and il is probable that the income will be received.
For donations lo be recognised the charity will have been notified of the amounts and the settlement date
in writing. 11 there are conditions allached lo the donation and this requires a level of performance befo
enlillemenl can be obtained then income is deferred until those conditions a￿ fully mel or the fulfilmgnl ol
those conditions is within the ¢onlrol of the charity and il is probable that they will be fulfilled.
Donated facilitie5 and donated professional services are recD9nised in income at their fair value when thei
economic benefit is probable. il ean be measLJred reliably and the charity has control over the item. Fair
value is determined on the basis of the value of the gift to the charity. For example, the amount the charity
would be willing to pay in the open market for such facilities and services. A Ctsrresponding amount is
recognised in expenditure. No amoljnl is included in the financia5 slalemenls for volunteer time in line with
the SORP. Further detail is given in the Trustees, Annual Report.
Investment inc¢)me is earned through holding cash deposit balances, and includes interest received.
Interest income is recognised using the effective interest method.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling
the charity to that expenditure, it is probable that a transfer of economic benefi'ts will be required in
selllemenl and Ihe amount of the obligation can be measured reliably. Expendilvre is accounted for on an
accruals basis and has been classified under headings that aggregate all cost related lo the category.
Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a
basis consislenl with the use of resources.
Grants offered subject to conditions which have not been mel al the year end dale are noted as a
commitment bul not a￿rUed as expenditure.
Tangible fixed assets
Tangible fixed assets are slated al cost lor deemed costl or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable lo making the asset capable of
operating as inlended.
Depreciation is providecl on all tangible fixed assets. al rates calculated to write off the Cost. less estimated
residual value. of each asset on a 5yStemalic basis over rts expected useful life as follows..
Computer equipment- 33Yo on cost
Taxation
The charity is an exempt charity within the meaning of s¢hedule 3 of the Charities Ad 2011 and is
considered lo pass the lesls set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets
the definition of a charitable company for UK corporation tax purposes.
-13-

Future Trees Trusl CIO
Notes to thè Financial Statèments Icontinugdl
for the year ended 5th April 2025
Accounting policie5 Icontinugdl
Fund accounting
Unreslri¢led funds are available for use at the discretion of the Iruslees in furtherartce of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use ol each designated fund is sel out in the notes to the financial slalemenls.
Reslricled fund5 are funds which are to be used in accordance with specific restrictions imposed by donors
or which have been raised by the charity for particular purposes. The cost of raising and administering such
funds are charged against the specific fLJnd. Thè aim and use of each reslricled fund 15 sel out in the notes
to the financial statements
Hire purchase and leasing commitments
Renta15 paid under operating leases are charged to the Slalement of Financial Activities on a slraighl line
basis over the period of the lease.
Debtors and ¢redltors receivable I payable within one year
Debtors and creditors with no slated intere51 rate and receivable or payable within one year are recorded
al transaction price. Any losses arising from impairment are recognised in expenditure,
Employee benefits
When employees have rendered setvi¢e lo the charity, short-lerm employee benefits to which the
employees are entitled are recognised at the undiscounted anK)unl expected lo be paid in exchange for
that service.
The charity operates 8 defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.
Going concern
The financial slalemenls have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The Iruslees have considered the level of funds held and the expected level of
income and expenditure for 12 months from aulhorising these financial slalemenls_ The budgeted income
and expenditure is sufficient Mth the level of ￿serveS for the charity to be able lo continue as a going
Concern.
-14-

Future Trees Trust CIO
Notes to the Financial Statements Icontinuedl
for the year ended 5th April 2025
Donationsp grants and legacies
2025
2024
ALA Green Charitable Trust
Alfred Williarns Charitable Trust
Brian D Newman Foundation
Britford Bridge Trust
Calisen Impact Charitable Trust
Chapman Charitable Trust
DCR Allen Charitable Trust
DEFRA
Dr PR Morrison
DS Smith Trust
Duke of Devonshire
Dulverton Trust
Earl Fitzgerald Charitable Trust
Earth Trust
Edward Cadbury Grant
Emerton Christie
Esme Mitchell Trust
Evolving Forests
FC England
FC England- Beech
FC England- SSBL
Finnis Scott Foundation
Frazier Trust
Gresham House
HDH Wills 1965 Trust
Hugh Fraser
Hugh Symonds
lan Addison Charitable Trust
John Coales Charitable Trust
John Swire Charitable Trust
Langdale Trust
Leslie Carter Charitable Trust-
Lord Belslead Charitable Selllement
Lord Faringdon Charitable Trust
Maelor Forest
Martin Wills Fund
Miriamog Trust
Nollingham University
Pilkin9lDn Charitable Trust
Provincial Grand Charity of Derbyshire
Pye Settlement
Ralclifl Foundation
Richard Radcliffe Charitable Trust
Rither Sounds Foundation
Rolhermere Foundation
Sandra Charitable Trust
Scollish Forestry
Scottish Forestry Trust
Shanley Foundation
Stanley Grundy Foundation
15.000
3,000
2,500
8,590
15,000
12,250
3,000
8,000
135,542
5,000
9.750
5,000
123,324
30,OQO
2.500
1.975
5,000
2,000
2,000
1,500
80.819
3,000
170,261
18,455
12,117
4,000
2,000
10,000
30.000
2,000
2,000
2.000
2.000
2.000
5,000
10,000
8,000
3.000
2,000
1.500
4,679
1,500
25,000
1,500
2.535
3.000
2,500
3,000
2,000
2.000
3.000
2,000
2,000
2,000
5,000
3,000
33,000
35,300
2,500
5,000
6,000
2,500
2,500
-15-

Future Trees Trust CIO
Notes lo the Flnancial Statemènts (continued}
for the year ended 5th April 2025
Donationsi grants and legacies {continuedl
Tay Charitable Trust
The Barber Charvet BCT
The Cobb Charity
The Ormonde Charitable Trust
The Rockley Charity
The Snyder Foundation
Tilhill Forestry
Trees Please Limited
Trees Scott Gredine
Vaslern Timber
Whitaker Charitable Trust
Woodland Heritage
Xylem Global
Sundry other donalions1£1.000 and underl
2,000
10.000
1.500
2,000
2,500
2.000
2,000
10,000
1,500
2,500
2,000
2,000
4,000
10.000
5,000
10,000
4.000
2,000
2,000
48,875
22.522
525.215
535,779
-16-

Future Trees Trust cio
Notes to the Flnancial Ststements Icontinuedl
for the year ended 5th April 2025
Investment Income
2025
2024
Deposit account interest
302
4,738
Charltable activities costs
Expenditure on charitable activities comprised
2025
2024
Scientific research and lesling
Support costs Inole 51
Depreciation of eompuler equipment
328,376
94,675
775
372,605
65,508
775
423,826
438,886
Expenditure on scientific research lesling comprised..
2025
Unrestricted
2025
Restricted
2025
Total
2024
Total
Birch Group
Cherry Group
Oak Group
Sycamore Group
Living Ash Project
NTIS
Pv1￿ Legacy
Sustainable Seed Source Project
Supersizing Broadleaves
Other projec15
8,893
28.148
28,006
2.179
92,530
3,830
131,391
19.300
7,361
8.738
6,893
28,148
28,006
2.179
92,530
3,830
131.391
19,300
7,361
8.738
10,941
9,285
41,335
4,943
86,279
6.402
38,818
65,228
85,689
23,685
328,376
328.376
372,605
-17-

Future Trees Trust CIO
Notes to the Finan¢lal Statements Icontinuedl
for the year ended 5th April 2025
Support costs
Charltable
Activities
Total
2025
Total
2024
Fundralslng
Support costs comprise the below items.
and were allocated on a us2geltime basis..
Consultancy costs
Salary costs
Office rent
Other support cost5
Governance costs Isee note 6}
56,309
6,685
728
17,498
4,975
11,314
60,160
728
17.498
4,975
67,623
66,845
1.456
34,996
9,950
103,222
8.393
10,306
6,957
86,195
94,675
180,870
128,878
Governance costs
2025
2024
Meeting expenses
Accountancy and legal fees
3,488
6,482
2,249
4,708
9.950
6.957
Trustees, and key management personnel remuneration and expensas
There werg no Iruslees, remuneration or other benefits for the year ended 5th April 2025 nor for the
year ended 5th April 2024.
Trustees, expenses
During the year ended 5th April 2025 travel expenses of £1.082 were paid lo four of the Irustees12024'.
one paid £2221.
The total amount of employee benefits received by key management personnel is £122,23012024'.
£52.8231. The Trust consiclers ils key management personnel comprise the CEO and Head of
Research.
-18-

Future Trees Trust CIO
Notes to the Financial Statements Icontinuedl
for the year ended 5th April 2025
Staff costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
173,605
12.729
8,618
107,955
10,512
5,723
194,952
124,190
No employee received emoluments in excess of £60.00Q.
The average number ol employees during the year was 612024.. 4). Full-lime equivalent numbers of
staff were as follows..
2025
2024
CEO
Head of Research
Researcher
Research Technician
Patsy Wood SGholar
Adminislralor
0.12
Independent examlner's remuneration
The independent examiner's remuneration amounts to an independent examination and accounts
preparation fee of £2.25012024". £2,040).
10.
Tangible fixed asset5
Computer
Equipment
Cost
Al 6th April 2024
Additions
4.319
Al 5th April 2025
4,319
Depreclation
Al 6th April 2024
Charge for year
2,769
775
At 5th April 2025
3.544
Net book value
Al 5th April 2025
775
At 5th April 2024
1.550
Credltors: amounts falling due within one year
2025
2024
Other creditors
36,830
34,919
-19-

Future Trees Trust CIO
Notes to the Financial Statements Icontinuedl
for the year ended 5th Aprll 2025
12.
Movement in funds
Transfers
between
funds
Al
6.4.24
Net
income
At
5.4.25
Unrestricted funds
General fund
Designated fund
108,375
127,000
1,414
4,756
114,545
127,000
235.375
1,414
241,545
Restricted funds
Birch Group fund
Cherry Group fund
Chestnut Group fund
Craven Field fund
Oak Group fund
Living Ash Project
NTIS
Palsy Wood Trust Legacy
Sycamore Group fund
Sustainable Seed Source fund
Supersizing Broadleaves fund
Outreach and Comms fund
Other restrided fvnds
7.147
15,8691
3,593
1,278
3,593
3.766
11.244
21,823
19,394
6,177
186,355
6,653
7,259
109
3,766
11,244
13,7731
114.0251
170
14,610
1,596
7,OQ8
25,598
33,419
6,007
171,745
5,057
253
109
4,756
291
14,7561
14701
{1791
258,146
14,082
14,7561
267,472
Total funds
493,521
15,496
509,017
Nel income. included in the above are as follows-.
Incoming
resources
Resources
expended
Movement
In funds
Unrestrlcted funds
General fund
Restricted funds
Birch Group fund
Cherry Group fund
Craven Field fund
Oak Group ftjnd
Living Ash Project
NTIS
Patsy Wood Trust Legacy
Sycamore Group fund
Sustainable Seed Source fund
Supersizing Broadleaves fund
Other restricted funds
170,010
1168.5961
1,414
5,400
43,219
20,400
32,548
123,819
5,000
27.750
10.000
68,939
13,(M5
5,387
{11.2691
(39.6261
{9.1561
136,3211
1137,8441
14,8301
{13.1401
{8,4041
161,9331
113,0451
15.857}
15.8691
3,593
11.244
13,7731
114,0251
170
14,610
1.596
7.006
14701
Total funds
525,517
1510.0211
15,496
-20-

Future Trees Trust CIO
Notes to the Financlal Statements Icontinuedl
for the year ended 5th April 2025
12.
Movement in funds {continued)
Comparatives for movement in funds
Transfers
Net
income
At
6.4.23
between
funds
At
5.4.24
Unrestricted funds
General fund
Designated fund
76.899
127,000
31,476
108,375
127,000
203.899
31,476
235,375
Restricted funds
Birch Group fund
Oak Group ftjnd
Living Ash Project
NTIS
Palsy Wood Trust Legacy
Sycamore Group fund
Sustainable Seed Source fund
Supersizing Broadleaves fund
Outreach and Comms fund
Other reslricled funds
7,498
16,256
8,303
4,409
210,063
13511
9.340
25,116
1.598
138,3181
5,057
253
109
4.756
17771
7,147
25,596
33,419
8,007
171,745
5,057
253
109
4,756
4.057
4.834
251,363
6,783
258,146
Total fund$
455,262
38,259
493,521
Nel income, included in the abovè are as follows..
Incoming
resources
Resources
expended
Movem&nt
in funds
Unrestricted funds
General fund
Restricted funds
Birch Group fund
Oak Group fund
Living Ash Project
NTIS
Palsy Wood Trust Legacy
Sycamore Group fund
Sustainable Seed Source fund
Supersizing Broadleaves fund
Outreach and Comms fund
Other re51ricled funds
181,259
1129,7831
31.476
10,590
50.675
111.395
8,000
500
10,000
65.481
85.798
25,000
11,819
110,9411
141,3351
186,279}
16,4021
{38.8181
14,9431
165,2281
185,6891
120,244}
112.5961
13511
9,340
25,116
1.598
138.3181
5,057
253
109
4,756
1777}
Total funds
540,517
1502.2581
38,259
-21-

Future Trees Trust CIO
Notes to the Financial Statement5 Icontinuedl
for the yèar ended 5th April 2025
12.
Movement in funds Icontlnuedl
Unrestricted funds
Our accounts indicate nel unreslricled assets 01 £241,545. This sum reflects the unrestricted donation5
ieceived throughout the year in addition lo opening funds. As no specific reslriclion was applied by each
donor. the total amount of each donation has to be reported in our accounts as unreslricled income.
Our reserves policy, as slated on page 3 of the accounts, is lo holcs a design*ed reserve of six months
of operating eos15. with a further six months covered by free reserves.
Accordingly, although our accounts show unreslricled assets of £241.545, this i￿ludeS the sum we have
designated to support halfof our operating costs for 2025126- £84,000 based on the 2025126 budget. Of
the remaining £157.545. a further £60.000 has i￿en designated for expected fuiure research
infraslru¢lure costs.
Restrlcted funds
In 2017, Future Tree5 Trust were awarded a legacy grant from the Palsy Wood Trust lo enable us to
employ our first research staff. Al that lime, funding was for a Head of Research and research assistant
for five years. In addition lo this, il included funds to support two doctoral students and five
apprenticeships. The Head of Research started work in 2018, and the Researcher in 2019. To dale, we
have supported two PhD Students, and four apprenli¢eships.
We conlinue lo raise funds lo support these positions through specific project work, and this therefore
allows this restricted fundin9 to extend further. £186.355 of our £267.472 restricted funding remains in
the Palsy Wood Trust fLJnd and continues lo support these positions.
The remaining £81,117 sits across our main project work for our core species.
Material fund movemènts and balances are detailed above.
13.
Related party disclosures
During the year ended 5th April 2025 there were no transactions wlh related parties {2024'. None).
-22-

Future Trees Trust CIO
Notes to the Financial Statements l¢ontinuedl
for the year ondgd 5th April 202S
14.
Comparative Statement of financial activities
2024
Total
Funds
Unrestricted
Funds
Restricted
Funds
lllcome and Endowments from
Donations, grants and legacies
Investment income
156,521
4,738
379.258
535,779
4,738
Total
161.259
379.258
540,517
Expenditure on
Raising funds
63.372
63,372
Charltable activities
Scientific research and lesling
Public education and lobbying to
further charitable objectives
66,411
372.475
438.886
Total
129.783
372.475
502,258
Net Incomellexpenditurel
31.476
6.783
38,259
Transfers between funds
Net movement in funds
31.476
6,783
38.259
Reconciliation of funds
Total funds brought forward
203,899
251,363
455,262
Total funds carried fotward
235,375
258,146
493,521
-23-

Future Trees Trust CIO
Notes lo the Financial Statements Icontinuedl
for the year ended 5th Aprll 2024
15.
Comparative balance sheet
2024
Total
Funds
UnrestrS¢ted
Funds
Restricted
Funds
Fixed Assets
Tangible assets
1.550
7,550
CurrentAssets
Debtors- funding recoverable
Cash at bank
33,660
259.405
33.660
493.230
233,825
233,825
293,065
526,890
Creditors
Amounts falling due within one year
{34.9191
134.9191
Net CurrentAssets
233,825
258,146
491,971
Total Assets less Current Liabilitles
235,375
258,146
493.521
Net Assets
235.375
258,146
493,521
Funds
Unreslricled funds..
General fund
Designated fund
108,375
127,000
235,375
Restricted funds
258,146
Total Funds
493,521
-24-

Future Trees Trust CIO
Detailed Ststement of Financlal Activities
for the year ended 5th April 202$
2025
2024
Income and endowments
Donations and legacies
Donations
525.215
535.779
Investment income
Deposit account interest
302
4,738
Total incomlng resources
525.517
540,517
Expenditure
Charitable activities
Computer equipwenl depreciation
Scientific research and testing
775
328.376
775
372,605
329,151
373,380
Support costs
Core salaries
Consultancy fees
Fundraising fees
Motor expenses
Office rent
Travelling and subsistence
Website expenses
Staff training
Telephone
Postage and slalionery
Miscellaneous expenses and subscriptions
Insurance
Bank charges
66,845
11.314
56,309
4,710
1.456
1.049
17.807
1,920
900
6,093
1.533
902
82
70,236
32,986
2,114
8,393
954
1.065
1,161
1,fl95
1.848
737
1.243
89
170.920
121,921
Governance costs
Meoling expenses
Accountancy and legal fees
3.468
6.482
2,249
4,708
9,950
6,957
Total resources expended
510,021
502,258
Net incomellexpenditurel
15,496
38,259
This page dtxs not form part of Ihe statutory fInar￿la1 statements
-25-