GROWING
TOGETHER
il

REPORT INTRODUCTION
Tom Skirrow- Chair of Board
As Chair of The Art of Forests, it is a trl￿ FAeasure to present ow fi'rst
Annual Report for the year e￿ling 31 December 2025.
This first year of being a registered ch8rity tss been cne d steady
progress and growing contidence in the value of our commmity. and
tts activities. The challenges that face tfK)se working to restore 8ThJ
protect nature remain si8nrficant ArourKI the world. practitioners
are navigating ir)creasingly complex environmental, fina￿181 and
SOCI81 landsc8pes, often with limited opporturwties to learn frLYn one
another or access ttr￿ suppK)rt tlw reed. Against this backdrop, The
Art of Forests has continued to provide 8 space where pe0F￿e can
conrEct across disciplines, geographbes and institutions in a spirit ot
friet￿lshIP. reciprocity and shared pwwse.
What makes The Art of Forests distir£tive is not simth the breadth
of our membership. but the quality of the r￿at￿¢nShIpS wthin tt.
We bring tcgether practitioners. project de￿loper$. researchers,
tinancier& commurity leaders and others workn￿ at different rKJints
in the nature restoration ecosystem. By Creati￿ opwrtunities for
honest conversation and pract￿al exchange. we ￿[p br￿ge the
divKles that can otherwise hinder progress.
Throughout 2025, we cOntin￿d to strengthen ow ro￿ as 8
trusted convenor. Our dialogue initiatives created opportynities
for participants to share experiences and perspectrves that
are often absent from formal discu￿OnS. ImportanOy, these
conversations demnstrated that many of the barriers faced across
the sector are shared. even where t1￿Y are experienced differenuy.
Part￿1pantS repeatedly highlghted tl* Val￿ of devdoping a greater
understanding of one another's realities constraints contritMJtir
to a n￿re nuanced and colla￿ratIve appr08ch to prOblenF￿1￿r8.
()Jr knoWledge-S￿9rIng work also evolved 0￿r tF* year. A great
example of our work in practice is a workstream that was lJJilt from
earlier discussions around land rights and tenure,. this exparKled into
deeper, more practical discuSs￿nS and case studies on communtty
berEfit sharing and partsierships. One of the rrnst encoura8irE
aspects of t￿se exchanges has been the willirgness of members to
share lessons. tools insights that might traditionally remain within
indrvTrdual organisations. gjch as management plans or community
agreement templates. This generosity reflects the culture that has
develcped wrthin Art of Forests reinforces our bdief thgt
collective progress depends on openness arKI trust.

8 a small charity, we remain rrdndful of our responsibility to use o
resources Careful￿ and effectively. Much of that have achieved
h8s been made possible throu8h the dedication cl trustees staff,
volunteers 8nd members who continue to cOntrib￿e th￿r time.
expertise and energy because they believe in oiK mis&cn. While our
tinanc181 and operatbonal capacrty remains n￿dest and u￿eY￿1n.
our influence is increasin8ly demor6trat&J through the comectio
we facilitate, the conversatKins we enable and the confidence cur
members place in our conynunity.
None of this would be possible W[[￿Ul those cfM)ose to walk
alongsKle u& On behalf of the Board, I would like to eXtL￿d my sincere
thanks to our members. partners, supporters and furKlers for IF￿1r
continued encouragement 8r)J commitment. I would also like to
recognise the hard work a￿1 ded￿a￿Cli of my fdlcfvv trustees ar)
everyone invO￿d in tt* day-to-day runrmng of Organisati￿1.
As we l(xik ahead. we (k) so with Opti￿1$M. The environment81
challenges we face are profound and urgent, but so tcL) is the
determination of those working to address therYL The Art of Forests
was fourKled on the belief that meanin8tul change happens through
relationships.. by bringing people together. fosterin8 ufKJerstarKJin8
and creatin8 LVWrt￿1tieS to leam from one amther. The experIe￿eS
of the past year have ody strengthened that convictiorL
l am proud of what The Art (A Forests has aclieved dwing 2025. 8Tr
grateful to all those wh) have contribjted to this jour￿Y. Together. we
continue to build a community capable of sur4)ortin8 the peO￿e and
organisations working to restore and protect nature for the beneh't of
pecple and the planet.
Tom Skim>w
Chair ol TnJstee& l)) of Ttre Art of Forests P(swd d Trus
4 August 2026

Our Charitable Objectives
and How We Deliver Them
During the year ended December 2025,
The Art of Forests pursued the following
charitable objectives.
Our charitable objectives ale to advance
environmental protection for the public
benefit worldwide by:
Objective I
Uniting organisations who are dedicated to
the advancement of environmental protection,
afforestation, reforestation. ecosystem restoration
and nature conaservation.
Objective 2
Advancing education by fostering a space for the
exchange of information and best practices and
to make the useful results and guidance available
and accessible for people globally.
Objective 3
Fosterng sustainable and resilient livelihoods through.
but not limited to. the provision of education and
knO￿edge, facilitatK)n of access to technok)gy and
innovations, and financial support to encourage
tree plantin& agroforestry, conservation and other
such activitEs concerning the elimination of
the detrimental effects ot climate change and
environmentsl degradation.

How These Objectives are Delivered in Practice
The Art of Forests gJFPtrts menbers n the desi
Mp￿mentati)Tr scaring of their nature-based
8obJtiorts. We h&ft close to 200 I￿1￿￿val membws
reryeseniing over 130 org￿lSatIC￿￿ third4
oJr members are ￿er81(*S ar￿ devekws n the
Fèforestaiim Afftyest8ticn 8rKI R*tor8DC*I 4xce
whilst others 8re in F*ol￿t'SurPcrt' rc4e5 such 85
ttehnc4w. fnance aG8derria.
The Art of Forests A¢fvctAtes lorour membas and
f￿lIft￿e$ sh8ring irlorm8tv)n cm p￿1￿ updates.. we
so ￿ld didogue ￿entS al¢Ming merrtjers to
spea direcly *ith rewlatw bcMlie5 such &$ carbr
sttrKlrxd& pc4y makers in¥e*us.
The Trt￿lees hwe had ¢JJe regard ￿ the Charity
Cr￿mISSi￿.5 gud8rce cffi pl1trA￿ trenelii n
Aethrtknce h￿th seeuon 17 of Chariries Act 2011
T*then makrE decisons enwring cxJr ￿tr¢i￿eS reman
fctused cn deSbering p)sni¥e ￿1c(*re3
fcK ttre ccrtnmthity we seple. wrth al res0￿¢￿8
de(%cated to charit&)￿ aim&
We I￿lIf¢￿e ￿ 0￿r* sp￿e fr)r merrters io Cor￿eCt
drecdy thdicated Wh8tsApp d￿Me
fr>CLksng on IfifferÈnt trpic4 ￿ch As biom
qJantlfrCat￿￿ Lgnd riBht4 or FYOPCt mJ)a8emeni
0￿he$. We 4$0 run events tfjsed ￿ the
•nèrEeni of tmjf merrbèo nviting wÈrts ta
tyesent on sFeeific tLViC& These are he￿ over Zocm
Bs we community-only *ents vknich 81(M peer-t
FEer sharng. supprrt. probkni Nkntr*r5
t￿ access ￿CL¥dI￿S of Al past e*rts ttrwh
Shtred online (*Ne.

Introduction Caroline Pakel-
Executive Director & Community Lead
Whether you are readirg this as a memter. supporter. patron.
ambassador of tFE Art of Forests or gmply as sOrrE0￿ curious to
more about the Charity its activitE& ￿eaSe be wdcorre!
Registsring the Art of Forests as a charity with the UK tharity
commission in November 2024 Ma￿ed ttrE ￿xt iteration for a
community of land stewards which had 0ri8in8lly grown Or88r￿C811Y
8s 8 need for friendship and help in the desgn, devdoprrEnt
8nd implementation of thar Afforeststion, Reforest8tK)n and
Revegetation FKoject.
Indeed, when initially laU￿hed by Celia Frarris 8nd Sarah Scott
at COP26 in Glasgow in November 2021. our beginnings were veyy
humble. It is only ttrNgnks to a sponsorship from Terrafomation
that we were able to experiment and eX￿Ore what the ccmmurnty
needed for the first ￿rIOd of 25 years.
Gaining a charitable status was key to r￿￿1$ of a wider
range of funders and Spor￿orS arKI amplty Ihe work cOThj￿t￿l
thus f8r. And so it was. as we were granted funds fr￿7) the Robert
Bosch Foundation in January 2025. 2025 suddenly became mt
only our first operational year as a charity but our first experIe￿e
of being funded to a level that allowed tlE implementatior) of solid
organisation81 str￿tureS and ￿￿esseS the cor￿OI￿￿a￿Cffi of o
kncmledge sharing online platform and the wototyping of acfvocacy
work wtth fi'nance.
To both TerrafOrmBti(￿ and the Robert Bosch FO￿dat￿n. we
remain grateful. For th￿r shared Msion and U￿￿erstandirE of the
need for Sljch community as the Art of Forests for thar bdief
8nd trust wlich have ope￿d the door to many new conversatiorn8
8nd possibilit￿&
The work to support those wh) protect restore and heal the land
and the comMunit￿S who depend on it for t￿1r surviwdl a
wellbeing keeps on. We ho￿ to attract contiwed interest from
those who can frdcilirate th"s support Mcwi￿ forward. If you are one
of them. please get in lot￿h!
W*mest wishes. C•rofine hkel
Ewuuve Direa(w & C¢ynrrnJnity Le8d
3 AuKu5t 2026

ptslie
The work t(bSU4polthose
who protect,frestore and
heal the land and th£
communitses who de
P-D, it for their surviva! a
SNellbeing keeps on.
14
jl

Trustee's Report: Highlights of our activities
This year was focused on building our membership
base and offering responsive support to emerging
member needs. Insights raised by members
directly shape our planned activities - from
launching new workstreams and expert sessions,
to conducting surveys, publishing guidance,
or convening stakeholders on topical issues.
Objective I
Uniting organisations who are dedicated
to the advancement of environmental
protection. afforestation. reforestatio
ocosystern restoration and nature
conservation.
￿rked on eyarding *pbsite to en(nur8ge
lo enajle (firtt nah￿)rk￿8 be￿een rrEmtEr5. We
set up ￿ inta&tNe tr*mters rn4)' cffi oJr website,
81wng mwnbers fynd wSi￿r$I to each 01￿
8btr*l reporL w(K*Ed on B prIV￿e memtrEfS
b. b%l)ere memters upload prohles cortA
det818.' this is io Iwnch in 202&
We oflicialy IwrKhed the Art d F￿e$l$ chwffy
Lond<)n Climate Action v￿k in June 202& rasin8
I18re￿$S lor our woth 8rKI tyjr rnembws as ￿11 8s
wc*king wih m￿Y oiher olg￿l￿1C
dsobÈpn a LInk￿lItt c*nppA8n ￿1th st*t8d
in Octc*)er 2025 and ce￿￿Th￿ed In￿ 2026,. this has
alohed us to ￿cTh￿e our MeM￿r$, the be￿li1$
of tEinE 8 merrtjer. netbth rew rrÉfflbers
We grevrf oJr memtership to194 ty the end of 2025
a)gJrirE dl members had ￿CesS toour a￿[￿e
tsApp communfty chats." ttre oiSr* sP￿e
P￿￿ed ro include over 30 c￿ne￿. We held
resporsNe online everts to manbern to 0)nn￿t
Pp￿1 8rther cwer Zocm didcELtt.

Objective 2
Objective 3
Advancin8 education by fostering a space
for the exchan8e of information and best
pra¢ti¢es and to make th8 useful results
and guidance available and a¢ce$$ible for
people globally.
Fostering sustainable and resilient
livelihoods through, but not limited to.
the provision of education and knowledg8.
tacilitation of acce$$ totechnology and
innovations, and Ilnancial supportto
encourage tr88 planting, a8rotorestry.
conservation and other such a¢tivitie$
concerning the elimination of the
detrimental effects of climato change
and environmental dègradation.
We hekl 34 onlire Zoom dakws in 202& wh.ch
toteJ￿ 747 inc5v*Jud registrat1)￿ f0CL￿ed c
trpics th8t emer6*d from ￿￿nber corwers8tth)ns as
timety re￿V￿[. mcA8t ptpukT W•￿￿Stre￿A$ k)r
the on L￿￿1 Rghts &r*l Ternre. Ic¥ vA)£h
ekl three ordine di*¥u* QLer*itC8fiCll
frx wtrich %*e hekl sevffi try end of ttre ye¥.
Our Secret￿al keerts in ccffimuric￿lon with thjr
memLws. reaches to new memlers. byho We
8Ctivety ￿kIr￿ 4anst the detriffentg effects of
clin&Tr ch8rEe and ￿¥￿Or￿renf4 dey&J8ri(n
(￿r Y￿￿kstreamS C￿ 8 wide rry el irtlLdr¥.
- Agroftytsiry [re￿I￿AoEY
B￿)dIversItY
- B￿rro$S Qua)tikAtitin
- 8hJe Carbon
- C8rbon siw￿¥d5 Hub
Y￿rked to laclitste difectcomrrnnicthie
between mertjers Fx)1'c￿n8kerS
8nd other srakehcA(kns such as certi￿8￿￿ bcxJie&
We A sei& of e￿n[S with reweseniotives fr<Yn
the Symb'osis Inves1￿ coaliti)rL as well as
dieJ(wes *ith matr￿ credii verifi(8tiC
5tWKlwds brxyy
- FirnncirE ￿￿Ing
FuThSng Opp¢Jtunilies
- Rights TenJre
- Loed Cixnmurity Engagement
- Verra ARR Methodd*4ry
- PRIMedH InfI￿￿ing
- S8feguarcÈ aid ￿1￿1 Irnp￿t
- Symb'oss RPF
so r&sed &￿renesS drec1￿ Ic¥ tsjr manbers
and their This inckJded a ￿rVeY of memters,
eX￿er￿eS in C￿￿1)n rn8rkEL wh£h was corrpi
intr& a feprt ￿th t**h quditative and wAnb"tatNe dats
andysis in 202&
We invite exFerts io speak and present cn specifc
t￿1¢* such 8$ T￿¥ Rinwdo cffi tsrmers rn￿8￿1
n8lLwd re8eTwattin {FMNRI ￿ Professcy Shbun
l)Jeg8n Ircm ihe Eurcpthn Sp￿e A&wKy. E8th gJest
i5 irvited to treir expvtise. but 8&0 f￿1&t￿te
n discussion in every sessioTr 81owin8 al merrbets.
voices to te F*rd.
Al e¥er¢s we recc*(kn 8r(l ￿p￿￿led ￿ 8 shwed
rrÈmbef5' Gwle ￿Th￿R r£ludnE a tr￿cTI[￿
eetw)8 summary, enbt4ng 81 membtrs io 8cctss
nformath)n frcm 81 sessicr6 regardbss of ￿l￿tIlty
me20ne.

Structure and Governance
Structure
Reference and
Athninistration Details
Thè Charity is regBieral as a Chait8trAe Inefjrw8ted
(*gani￿ll0n (cio). and esia)Ished un(Èr
CL)nailuti¢K vA)ich d81es b&k to12th knembef 2(r24.
The Art of Fo￿stS is 8 UK Charity ￿￿stsfed
12th ￿￿ernb￿ 2024.
The CIO rrthd was c￿￿ed ty itre ￿)m￿sSic￿
r￿￿rÈè tr) re<pJtsis frcxn thè charitsb￿ Seetrjr. It is
nthv incorporated lorn of ch&i(y which is r￿1 a linitsd
ccmpany c¥ SLknje￿ io cOm￿ry ￿gUlat￿N
The chwity was registered as a Chari*b￿ lrtorpor8ted
or8￿1￿1(￿ (CDX ￿t￿liShed Und￿ the F(￿nd￿l
c￿￿￿ttItiC￿l 8 legal ￿￿ment b%thich Sets CAJI
the Obl￿ts and the chaiity, how iheae
11 be 8thiniste
The ch8r11￿5 ￿Et 2011 creates the t*5ic
frArrebyork lor the CIO. This ITJY)ework ts C(ry￿le￿
u￿ler the lollowng regulati)
Thè ChBrilab￿ lrt0rwat￿I Or8*iS8tion5 (C£nerBO
fè8ulattir£ 2012 {General Regulattins)
Chwlty Roglstered Nunber
Thec￿rrtab￿ hCXyw￿￿￿ Ckwts*i)ns{IrsL*+erty&)d
DisscAuucffi) Re￿I￿lon5 2012 ('Dissckniion Re£￿￿ti￿￿'>
121C
Bowd d Trustees
The CIO to wh.eh the tharity is est*)&shed
' the Fwndab'on ￿xIe1 its NYJiin8
rrembers are the chwity's trustee& Th) ￿der
rrÈmbef5hiB aid a5 of 3Èt tknembtt 2025. Ihere
e live trustee memÈer& the of
MrT￿Ma$ James Skirnyw ICh&"T. ￿$gnrfj l Mty 2026)
MrAndthvHe•kl (Aipoinied l ￿errt)* ￿24. Ch
sirce l Mty 2026)
MrFYedwk (Apwnred I Ith)￿￿er 20241
Mk*s Fr•rte5e# Matr￿ty IApwirtaJ l No*mter 2024)
MrArnlrn¥M•eCtyma￿ IApwnted l No*mter 20241
MrK(11 Dknh (APFQIrt￿ 3 2026)
DrTonthoza U8ar¥a (Afpointed 3 M￿ch 20261
Mrlfylll Sh￿d￿ (ApFO1rt￿ 3 Mwch 2026)
MrJwnes l•lrritelwl (App)Irt￿ 3 M8rth 20261
8￿teert can becw* 8 memter ol ihe chwity. I
CIO is up. ttre r￿berS of the CK) rK)
ility to contribjie to its ￿lS arxy no p&scrnl
respor8bility for setling (is detrts 8nd ￿e￿.￿ties.
Governance
Ex•cuti%• fArnetor & L•
The P4)8rd of Trugtees ￿lminister ihe chtrty." M￿￿n8
the afftirs of the cia ￿ exwosing its py*￿r&
h sdecting in(fjvidLJd5 fcK ypointrneni
ch8rity Speci￿ regbrd to the sklls krK)*edg¢
e4)erier￿e fteeC￿d fu the dfeCtI￿ &lrnnisv*i
of the CK).
P*
Re8ist8r8d *xldre8s
S8lterton
nks
Ffeshwatsr
The rnj£Yity of board meairgs ty trustees are
4d e*trcni0l￿. to minirrise tr￿1 8rKI
vronM￿le1 irnplc8tD￿ aid ensure ihe 8ffpir5
the thbrit% detsion rrÉking be
rwlwty thrcwtthi ihe ￿.
IS￿ CX Wght
P040 9ST
Ern*il address infO￿h￿rt¢j￿C￿e$t￿¢X8
11

Financial Performance
The linancid report. 1Th￿pe￿￿en￿Y exwnined ￿ t
found In the folowing p*es of this rewi.
The Trustees bre p￿aSed io rwt thai the charity h&
mei wrth trjr Fro'ect's funrth&sing targets in oJr fvst fftr.
A totd gmss •M￿nt raised
£102,070
Expendtturg tIrt￿￿d
£62,161
Net cAsh funds at the ond d tNs fknHnclal year totsllod
£39,909
This repui w85 ￿￿0ved
the B￿d of TrlE[￿ eit
drv* He&kl
t￿yPerS<In ofthe Board
Ch beh4f of The Art of Foresi$ &)wd cl Trus*e8
25 AugLJS= 2C26
12

Reserves Policy
The Art of Forests is ￿tIve￿ seekirÉ ln￿$t￿Cted
fur(Iing to ￿hleVe tke thsired ￿Ve1 of reserlfft
rriiiE8te risk cl unfrxeseen costs and temprK8ry C85h
fbw Sh￿1￿&. The Art of Ftrests ￿Se￿*S pc4ty
r￿eWed updatrd during May 202& This pdry
LS Xttvely Moni￿red r￿￿led & ihe P￿l￿d
Trustees. m&iin8S tw￿¢ month
The trLBtees hwe designated reser￿ whwe thwe
e pl￿￿&d crynmitments th8t c￿￿?[ tr* mrf trty
ttipar&l fuiure intorrE ÈkTr. Ihese res@¥e5 arè
oken doh*n into a numter OF funds that rel￿e t
FU￿1&
D•dr•d
R•s•p4e8
by..
3181 D•cwnbw
2025
al Fun
topro4i¢* toma8t wlu8seen èy￿0$
£zo
E2011
roswve
costor fè(wirq fLfftdry loc an w8ent pK)I￿L
5wJ sri months of stwwrt Costs.
Pwg)r¥wl Rasw¥•
£I&LK)O
Tryéo months to&ts
ofGrant
Irr(y
ÉSJ
topro4i¢* e4th if (¥￿t IxLYr
Cash Fkjw
Éio
n••J to thcrt-twm dthits ina c8
Wet. for èxam0• mLffiey
Tot•1
£2,017
13

tr
Art

Independent Examiner's Report
Ind8p8nd•nt Examinqrf# r•p(rt to the trugtq•s al ThB Art ol For•sts
I to the trustees cn my a8mn8ticffj ol the ￿¢￿nIS ot the &JcF4e chwty f
the period to 31st f*certer 202&
As the tharily truaÈè5 of thÈTfUSi. IrAJ WÈ responsib￿ fcA thè pryfAtion of ttrÈ
8ccoJnts n ￿l￿darte vlith ihe requrai)ents d the charit￿$ kt 2￿1 {"the Acr J
I report in r￿Fect of my e)3mir¢ticfft d the T￿￿'S a(cour¢s ￿rrEd uThJer
seciDn 145 of the 2011 Aa and n t*rwn8 my exvnl￿Dry I fcAbb%Ed thÈ
Dl'recti)ns gNen ty the Charity thrrm1ss1L￿ under secti￿7 I￿5)(b} of
the Att. The ￿c0JntS W be￿ P￿Fered ￿ 8 Rec8pts Pwmer¢s b8sis in
ace0rd￿è with settion r43 crf thè èct
l eonh"m thai i trove the rewisite sklis exp￿"e[￿e the In<*perTrdeni
Ex8min8fi(m ihis chwity 10 tte &8￿rdS feqJired 8s set cxJt li AFpendix 5 c
CC32 Atthc￿￿ rebred frcKn 8S an Bttourt8nt ￿ &8 8 rrÉmber of 8 lis￿d
professi￿￿ atctyJntbncy bjty. I cortinut tts condud a Thjmber of ertarThriations on
voluntary b88iS year. l c(J)fimi th￿laM irK*perKknt d the charity as
set wi in tJ"recti)n 2 of CQ2
I have comFJeted fty exwninaiitrL I tt￿firn that no mawial mtttters have cfft to
my 8ttenti￿ in cc¥v)ecil￿ With the extrnin￿L}ft Thl)Trch gives me cwse to bd*¥e
that irL 8ry material ￿SPeCt
act￿Nting reeords V•*rÈ kerrt in ¥bith SÈCXits) IX) Act
the èc£ourts do noi Ibith the ￿t￿nt1Th8
l ￿ r#) c(￿eMS Cofre ￿rC8S Th) other rrotters in conrecti)n ￿1h
the ey3rninatDn to vthich al￿ntI￿ sh(MJld ￿ drA¥bm in or(*r io prcper
understsndr4g ol the &c(yJnis to be re&hed.
Andrew Mo(*e (hdependent Ex•ffdner)
Bbawentr¢
Sw￿lIfynmn
Ystr8d Pèeurig
SY25 6AW
15

Tilrt
Financial Statements
Financial Statements
for the Year Ended 31st December 2025
Charity Registered Number 1210898
I'r
. ril.

Receipts and Payments Account
The Art of Forests
For the year ended 31 December 2025
R•atrkt•d lthr#trfct•d
R•e•5pts
82.Tas
3.&)8
8S803
M￿b￿Slip &Jbscipiion8
76248
16248
Ba￿L Cash B8c*
19
T•t•l A•¢dpts
81￿5
B275
IOZ070
Ptym•nts
Prc4•ct C•%ts
A￿￿LI1￿ & M*kètin8
COns￿tarrtS
9.081
44351
E4*nt Spx• Hr•
4.3
4380
Sth)mit CLXts
115
s￿•V An&Vsis & R•wtviq
l620
1.820
Tra*1 & S￿*S&s18￿•
3.827
6.282
Tat•l Pril•et Costs
43353
644
$8.$97
SUp￿rt Co¥t•
£CO￿¥￿V Fees
40
40
8ard( Fws
compl￿•c(¥￿
85
85
IT &)ttw￿8 & Cel)￿mabl&S
4XJ
lJ34
l664
3￿)
512
Pay￿nt S•Thi¢* F••$
770
770
SthLYioDns
189
169
Tr￿n1￿ & D•V*jpM￿t
Website Dw•bpM￿l & H(*tng
llo
T￿•1 suP￿rt Costs
950
1614
3.S64
Totsl P•ym•nts
44x13
17.258
N•t he•lpt• & Payrmnts IMo¥•mffit kn Funth
37.892
39.909
Tat•l Fundiewrl•d lo￿Vd ••at 31* D•e•mb•Y 2025
37.892
39.909
17

Statement of Assets & Liabilities
The Art of Forests
As at 31 December 2025
31 O•t 2025
Ass•ts
CA%h and h*)d
39.￿9
Tatd CUrr￿t AM•ts
Furds
37B92
Lkyestr￿e¢j FurKts
2017
T•td Funth
The Fnanckal St&eM￿lS were appythed and
Jihorised ICY i8S￿ try the Tru8*e8 (
25 Augus: 2026
J sigred on their teh8f ty.
Andrew Herjd
Ch&ir of Trustres
The rw)tes on pg8e 19 form
of these fin￿CId sts*ments.
18

Notes to the Financial Statements
The Art of Forests
For the year ended 3tst December 2025
l. Accounting Policies
4. Transactions with trustees
B•sls olAeeountlr
There *tfe Th) during the reLgted io
trLtstres' rernurer8ti)n ber￿fvtS. tr11s￿e w&5
These aCc￿ntS we on 8 rec8pts
payments b8si4 lolbbvng best FY&lise as l&d dtr+￿ in
statwwt of reCcmm￿jed ￿￿￿t￿e"Ac0)Urtln8
d Rep)rting by C*8riies" ISORP2019). Tmih al
rtswxjè apèns& shovm on a eAsh b&*i
p•d £50.S) ￿t-to-Pr￿kE[ travd &pense&
5. Transactions with
related parties
Fund ACc￿ntI￿
Un￿tric￿d fuTrJs we w81J)le fu L￿e a itre
dsue1￿ of rhe trLEtees in ￿rther>￿e of itre g￿Er81
d)&rit8b￿ Obl￿11¥e$. Restrrted furyls We donthl fc
8 P&trubr prq￿t ￿ PLfFose. itre L￿e of *thich
s reStr￿ted ￿ thai ryqert cx Pur￿5& These ￿lIde
attirE grart5 ayj contracts from irdiv*Juds
i)StibJtwx6 Ic* yoMs*)n of SFecth'c ￿tiVitIeS iy
There we no tr￿SaCtI(￿S during the with itrtsae
pefSCfftS enDtits t￿1 we dosely conneaed with
Ihe ch¥i(y cf its trustees (rebted wrties).
6. CIO guarantees and
secured debts
2. Going concern
The irustees corlirm n fLcc¢darte vrfith the Ch¥itatAe
Ir￿c￿3￿d Org￿l58t1CfftS IGènef8D Re￿IstIc￿5
2011th￿ at the￿Ar the Clodid not ha¥eAry
oJtstsN&ry8 gU&￿te& to tliTd p&ties nor any thbl
Se0J￿ C￿ assets of the CD.
The therity i8 c*)er8ting cn a &rJirE o)nwn b8si&
)ing coyern assessment is the bo8rd
of trustees vthth h&5 a rea&*&Jlè th
the Art ol Fcxests has $Jf￿len1 res(NJrces to Cl￿tI￿Je
n orEr*h)n ar le8St 8 ye8r frcm ihe d*e c
5EninE tti5 trustees reput ar￿ ftr thè
foreseetsb￿ futu￿.
3. Charitable activities
Grant& FI0￿rt Boxeh Stiftth8
Unr•stTrkt•d
202S
R•stAet•d
2025
Toial
2025
8Z795
.Tr5
81795
•Z795
19

forests
..•o:Art bf For
'_1*