REGISTERED COMPANY NUMBER: 018112361England and Wales) REGISTEREO CHARifi NUMBER: 326585 TELEVISION FOR THE ENVIRONMENT IA COMPA14Y LIMITED BY GUARANTEEI REPORTOF THETRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023
TELEVISION FOR THE ENVIRONMENT CONTEKf5 OF THE FINANCIAL STATEMENTS FOR THE YEAR ÉNDED 31 DECEMBER 2023 Page Report of the Trustees Ito5 Independent Examiner's Report Statement of Financlal Actlvitles Balance Sheet Notes to the Flnancial Statements 9t013 Detailed Statement of Financlal Actlvltles 14
TELEVISION FOR TME ENVIRONMEIIY REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECÉMBER 2023 TVE ITelevi5ion for the Environmentl. lof over 40 years. harnesses the power of storytelling to inspife re31-world action for a more sustairnable ffuturè. We tducate millions &loball¥ about the Èn¥ironmenlal challenge5 we face and Ihdr Impart on hvmanlly. 2023 Hlihllihts: A Ye•r of Growth and Impact Preserylni Our Leiacy.. A Dlilo•l Llbrnry for ihe Firture Wt diiitited an addliional 750 films Irom our v351 archive. bringin8 us closerio creatin8 a omprehensive online Ilbrary Jccesslble to everyone. Thls Invaluable resourte will stryt as a historital record, showca5iTh8 the evolution of ènvironmental thought and acilon over decades. Researchers studenis, and the public wlll have unparalleled acc¢s$ 10 Empowerlni Youth: Cultl¥i¢in¢ th• N•x¢ G•ntr•tlDh of Steward$ Through strategic partnershlps wlth Greenwub Ilndl31 and TVCulluwa18railll. we distwlbuted oyr film5 wlthifft school% •nga8ln8 youni mlnds In •nvironrn•Trt•l il. These partnerships fostered a new generation of environmerntal advocates, By tOUrline Students to tell ihelr own $torles, we empowÈred thèm to bètomÈ activè partbcipant5 in creating a sustainablè future. Exp•ndlni Reach: Un¥•lllw ¢h• tv• Pl•rform ISt•rW¥bl A Major milest¢ne was achleved with the launch Cf our lone4walted orr platlofm at the COP28 Qubai In November 2023, This Trhnovatlvè platfofm sh¢)wcas•s our content to a wldèr audlértcé, losterini Ser en8a8emeni ènd furthering environmental educalion on a global scale. Onlkne r••ch Web51te trafflc., tve.or8 receivtd 20.580vlews and t¥e.media. Tve's nèw website, t¥e.mtdia, contlnued to showcase some ol the best Illms Irom 4round the world that lackle vllal15sue5 Ws rolsed by ihe 17 UN S0fj5 as part ol the shewcase Iof the Illms entefed at the 2022 Global 5usiainatsility Fllm Awards. These fllm5 have rerelved over 96.OOOviews. Social media reach.. Ourfour YouTube channels had 430,435 ¥lews In 2023. •nd our s131 media pagès ontinued to see positive en8a8emeni. ulldln8 P•rtntrshlp$'. Str•rwh•nlN 0r Imp•¢t We solldlfled ¢ollaboratlon5 With key players.. TVCyl¢ura: Broadcasts tve content In Bfai116an unlvefsilies, expandln8 reath wiihln ihe academ1¢ comrnunlly. 8ullfro8 Fllms.. Facllltates North Am•ricaTh dlstribution of ourlllms, ensurlniwid•r vlow•rship In tho region. University Collège London IVCLI- En8o8es Siudeni$ 8nd Illmmakers throu8h evenis and Inltlatlves, losiertng a global networ of environmental storytellèrs. P¥Èl
TELEVISION FOR THE ENVIRONMENT REPORT OF THE TRUSTEES Icont'dl FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable actlvltles l<ontd..I tve annual report 2023 Elevailng Sustalnablllty Dlscourse: Sparklnz Crutlal Conversadons Ive hosted impattful discussions throughout the year: Panel on "Sustainability In Sports featurin8 experts from Arsenal Football Club and MCC Lord5, sparking dialogue on environmental responsibility wlthln the sports industry. Thi5 panel w35 hosted in partnership wlth a sports management company DreamSetGo/Reeble at the Golf Charity day hosted by ive at the PTe5ti8lOU5 RAC Golf course in May 2023. A Summer reception showca51ri8 TVE'S work and ralslng awarenes5 for COP28 was hosled by Ive chair Mei Sim Lai and tve President Surina Narula at her residence In North London. Thi5 event rèised fLbnds and cultivated awareness arnone new svpporters of tve. Collaboratlon with Ralnoance Fllm Fesllval London for ? panel on "The Power of Fllm for Change." Thls event brou8ht tO8Èther esteemed filmmakerS1 policymakers, and TVE trustees to expSore the transformalive potential of storytellin8 In driving environmental change. Thls was hosted in November. Celebrallni Su$141nablllty Champlons,. The 12th Annual TVE Global Sust•inablli¢y Fllm Awaid$ IGSFAI The GSFA ie¢elved over 7S entries from 32 countries, reco8nlzln8 outstanding work tackling envlronmental challenges. The awards were hosted successfully by tve at the MayfaSr hotel, London In November. Selected film5 W@re uploaded to our dedicated GSFA YouTube channel and webslte ltye.medla I for global access, In$plrln8 industry peers and wider audiences to take action. Flnanclal 5ust•ln•blllty: TVE relie5 on 8enerous donatlon5 and Successful fundraising initi?tiYes to conlinue Its vital work. This year, we hosted a series of evenl5: Charlty 8011 dav Panel dlscusslon on 'Sustalnability in Sports. Summer reception at the residence of our trustee, SuTln? Narula. These events raised vital funds and cultlvated awareness among new supporters. enstsrin8 the longevlty of our prlaM$. iooklni Ahead: 8tsSldlni 4 Su$taln•ble Future To8¢iher tve remains committed to making environrnenlal storytelling èccessible to all. In 2024, our focus areas Include.. Continulng the dl8lt12alion of our film archive, preservlng and unlockin8 a wealth of environrnent41 knowledge. Éxpanding d151rlbution and audlence reach Ihrou8h our orr platform, ¢onnectlng wlth more vlewers globally. Fosterin8 further partnerships to amplify our Impact and create a coljaboratlve network of environmental advocate5. Securing fundin8 to ensure the longevity of our program5 and contbnued support for environmental education. W• thank our donors* partn•rs. and svpport•rs loi thelr Invaluable ¢ontrlbuilon$. Toiètr, we ¢an cre•te ¥ l•$ilw Imp•¢t on the envlronment. Pale 2
TELEVISION FOR THE ENVIRONMENT REPORT OF THE TRUSTEES Icont'dl FOR THE YEAR ENDEO 31 DÉCEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Comp•ny Number 01811236 IEngland and Wale51 Reglstered Charlty Number 32658S Re8lstered offl¢e 8-10 Queensbeiry Place London SW7 2EA Trust¢es AIWClark MSLai S Narula N Nuttall A Ayub N Kumar M Kaushik Emefltus Tfustees The Lord 5t john of 81etso Richard Creèsev Lady Glenarthur Chrlstopher Oakley Mon. Treasurei Tan Su Ping - Appointed 30 September 2024 Independent Examlner Gareth Rees PB A550ciate5 2 Castle Buslness Village Statlon Road Hampton Mlddlesex TW12 28X Pa8e 3
TELEVISION FOR THE ENVIRONMENT REPORT OF THE TRUSTEES (Cont'd FOR THE YEAR ENDED 310ECEM8ER 2023 REFERENCE A14D ADMINISTRATIVE DETAILS Bankers Triodos Bank NV Deanery Road Bristol BSI SAS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also directors of Television for the Envlronment for the purposes of company lawl are responsible for preparin8 the Report of the Trustees and the financial statemÈnis In accordance wlth applicable law and United Kingdom Aecountlng Standards Iunited Kin8dom Generally Accepted Accountin8 Practlcel. Company law requlres the trustees to prepare financial 5tatemenis for each financial year which give a true and fair view of the State of affair5 Of the charitable company and of the incoming resourcès and application of resources, including the income and expenditure, of the charitable company for ihat perlod. In prerIng those financial statement5, the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charity SORP; Make judgements and estlmates that are reasonable Jnd prudent; Prepare the financial statements on the going contern basls unless it is appropriate io presume that the charitable company will continue in business. The tru5tee5 are responsible for keeping proper accountln8 records which disclose wlth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financi31 statements comply with the Companles Act 2006. They are also responslble for safe8uardin8 the assets of the charitable company and hence for takin8 reasonable steps for the prevention and detectlon of fraud and other Irregularlties. Approved by order of the ljoard of Trustees and signed on Its behalf bv,. M S Lal . Chair of Tfusiees Pa8e 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE5 OF TELEVISION FOR THE ENVIRONMENT Independent examlnerfs report to the trustee of Telev151on for the Envlronment Ilhe companVI I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2023. Responslbllltles and basls of report As the charity's trustees of the Company land also its dirèctors for the purposes of company lawl you are responsible for the preparation of the account5 in accordance with the requlrements of the Companles Act 20061.the 2006 Act'l, Havlng satlsfled myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are eligible for Independent examlnation, I report In respect of my examination of vour charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examlnatlon I have followed the Direclor5 given by the Charity Commlsslon under section 145151 Ibl of the 2011 Act. Independent examinerfs statement I have completed my examlnation. I can confirm that no matters have come to my attention in connection wlth the exam5natlon 8ivlnB me cause to belleve.. 11 Accountln8 records were not kept in respect of the Company as requlred by section 386 of the 2006 Act,. or 21 The accounts do not accord with those records. or 31 The accounts do not comply with the accountSng requlrements of section 396 of the 2(M)6 Act other than any requirements that the accounts glve a true and fair view which is not a matter considered as part of an independent examinaiion: oi 41 The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportln8 by chafltles lappllcable to charities preparing their accounts In accordance with the Financial Reportin8 Standard appllcable in the UK and Republic of Ireland IFR510211. I have no concern5 and have come acros5 no othèr matters in connèction with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Garelh ftee$ Independent examiner P8 Ass¢xiate5 2 Castle Business Vlllage Stailon Road Hampton Middlesex TW12 28X Date.. .2311212024.,,... Pale S
TELEVISION FOR THE ENVIR014MENT STATEMENT OF FINAI4CIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcled Funds 2023 2022 Notes INCOME AND ENDOWMENTS FROM.. Donations and legacies 2,SOO 782 Charltable actlvltles Fundraising and Marketing Distribution of films 89,833 2.652 59,013 6,596 Investment income Tot•1 41 95,026 29 66,421 EXPENDITURE ON Charitable activities 90.236 65.988 Tot•1 90.236 65,988 NET INCOMEI{EXPENOITURE) 4,790 432 Total funds brought forward 33,289 32,857 TOTAL FUNDS CARRIECI FORWARD 38,079 33,289 The notes form part of these financlal slatements Page 6
TELEVISION FOR THE ENVIRONMENT (REGISTERED NUMBER: 018112361 BALANCE SHEET AS AT 31 OECEMBER 2023 Unle¢ted Funds 2023 2022 Note5 CURRENT ASSETS Debtors Cash at bank 14,131 43,757 57.888 6.993 47,285 54,278 CAEDITORS Amounts falling due within one year 19,8091 1 20.989 } NET CURRENT ASSETS 38,079 33,289 TOTAL ASSET5 LESS CURRENT LIA8ILITIES 38,079 33,289 NET ASSETS 38,079 33,289 FUNDS Unrestricted fund5 38,079 33.289 TOTAL FUNDS 38,079 33,289 The charltable company is entitled to exemption from audit under Sectlon 477 of the Companles Act 2006 for the year ended 31st December 2023. The members have not required the company to obtaSn an audlt of Its flnancial 5t31emenls for the year ended 31st December 2023 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge their respon5ibilitie5 for.. al ensurln8 that the charitable company keeps accountine iecords that comply with Se¢tlon 386 and 387 of the Companie5 Act 2006, and bl preparing flnancial statements which give a true and fair view of the state of affairs of the charitable company as at the end ol each flnancial year and of Its surplus or deficit for each financial year In accordance with the requirement5 of Section 394 and 395 and whlch otherwise comply wlth the requlrements of the Companies Act 2006 relatin8 to financlal statements, 50 far 3$ applltable to the charitable company. These financial statements have been prepared in accordance with the provislons appllcable to chafltable companies subject to the small companies regime. The financlal statement5 were approved by the Board of Trustees on on Sts behalf by., were signed M S Lai Chair of Trustees The notes form part of these financial statements Page 7
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 11 ACCOUNTING POLICIES Basls of preparlng the flnanclal statemenls The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared In accordance with the Charities SORP IFRS 102) ' Accountlng and Reportlng by Charltles: Statement of Recommended Practice applicable to charltles preparlng their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january 20191,. Flnanclal Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hlstorical cost convention. The Trustèes conslder that there are no materlal uncertaintiès about thè char•t¥'s ablllty to contlnue as a goln8 concern. Income All incomlng resources are Included in the SOFA when the Charity Is legally entitled to the Sncome and it is probable that the Income wlll be recelved and the amount can be measured reliably. Legal entitlement Is ¢onsldered to be the comblnatlon of when the Contract for project work Is $18ned by both parties and the contracted costs begln to accrue fo11owin8 work commenced on the project. so as to match the Income generated against the costs Incurred on each project. Incomln8 resources are classlfled as restrlcted, desl8nated or unrestrlcted In accordance with the requirements of SORP 2015. Restricted incomin8 resources are those that are subject to special conditions imposed by the funder, and on completion of such a project any unspent funds will be returned to the funder. Designated incomin8 resources are subject to special conditions imposed by the funder but on completlon of such prolects any remalnlng balance Is transferred to the General Fund. Unrestrlcted Incomlng resources are those funds that are not subject to any restrictions and can be expended at the dlscretlon of the Trustees in furtherance of the Charlty's objectlves. Expendlture Liabilities are recognised a5 expenditure as 500n as there is a legal or constructive obligation committing the charlty to that expendlture, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured rellably. Expenditure is accounted for on an accrual basi5 and has been classified under headlngs that aggregate all cost related to the category. Where cos15 cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with the use of resources. Pa8e 8
TELEV151QN FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS {Contd) FOR THE YEAR ENDED 310ECÉMBER 2023 11 ACCOUNTING POLICIES {Contd) Taxatlon The Charity Is considered to P055 the test5 Set out in Para8raph I Schedule 6 Flnance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Acrordin8ly. the Charity is potenttally exempt from taxatlon in respect of income or capital gains reeeived wlthln categorles covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such Income or 8alns are applled e¥clu5ively to charitable purpose5. Fund actountln Unrestricted funds can be used In accordance wlth the charitoble objectives at the discretlon of the trustees. Restrlcted funds Can only be used for partlcular restrlcted purposes within the objects of the charity. Restrictions aiise when specified by the donor or when funds are raised for particular restrlcted purposes. Further explanation of the nature and purpose of each fund Is Included In the notes to the financlal statement5. For•lin currencles Assts and liabilities in foreign currencies are translated into sterllng at the rates ol exchange ruling at the balance sheet date. Transactions in forÈi8n currenties are translated into sterling at the rate of exchange rulin8 at the date ot transaction. Exchange differences are taken into account in arfivlng at the operatln8 result. Opeiatln8 leases Rentals payable under operating leases are char8ed to the Statement of Financial Activities in the vear in whlch they are payable. Film library The company has a Ilbrèry of films comprlslng of films made since the formation of the company In 1984. The value of these fllms to the company is the value of the future income flows that will come from the sale of these fllms. or footage from them. Owing to the uncertalnty of these future flows. no value is ascribed to the fllm Ilbrary in these Financial Statements. 21 DONATIONS AND LEGACIE5 2023 2022 Donations 2,500 782 31 INVESTMENT INCOME Deposit account interest 41 29 Pa8e 9
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS (Conidl FOR THÉ YEAR ENDÉD 31 DECEMBER 2023 41 INCOME FROM CHARITABLE AcfiviTIES 2023 2022 Fundraising and marketing Distiibution of fllms 89,833 2.652 S9,013 6,596 65,609 51 CHARITABLE ACTIVITIES COSTS 2023 2022 Direct costs Support costs 87,740 2,496 90,236 65,259 729 65,988 61 TRUSTtE5' REMVNERATION AND OE14EFITS There are no trustees. remuneration or other beneflts for the year ended 31st December 2023 nor for the year ended 31st December 2022. Trustees, expenses There are no trustees, expenses pald for the year ended 3151 Decernber 2023 nor for thè year ended 31st December 2022 7) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors VAT 8,445 5,686 14,131 2.710 4,284 6,993 Page 10
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS {Contdl FOR THE YEAR ENDED 31 DECEMBER 2023 81 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Accruals and deferréd income 1,500 18,309 19,809 2,300 18.689 20.989 91 MOVEMENT IN FUNDS At l January 1023 Net fflo¥ement In funds At31 Decembef 2023 Unie5trlcted lunds General fund 33,289 4,790 38,079 TOTAL FUNDS 33,289 4,790 38,079 Net movement in funds Included in thè above are as follows: Incomlng resouros Re50urce$ oxp•nd Movement In lunds Unrestflcted funds General fund 95.026 1 90,236) 4,790 TOTAL FUNDS 95,026 1 90.2361 4,790 Page 11
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS ICoDtdl FOR THE YEAR ENDED 31 DECEMBER ZO23 91 MOVEMENT IN FUNDS {Conid) Comparallves for movement ln funds At l January 2023 Net movement In funds At31 December 2023 Unrestrlcted funds General fund 32,857 432 33,289 TOTAL FUNDS 32,857 432 33,289 Note.. Followin8 the completion of thè Envlronment and Development Projects, all excess Restricted Funds are treated as Unrestricted Funds. Comparative net movement in funds Included in the above are as In¢omlni resources Re50urc•s expended Movement In funds Unre$trl¢ted funds General fund 66.421 1 65,988) 433 TOTAL FUNDS 66.422 1 6S,988 J 433 10) MEMBERSHIP Television for the Environment is a charltable company limited by 8uaraniee of ils members. At present there are 3 members, each of whom 8uarantees up to El. Page 12
TEIEVISION FOR THE ENVIRONMENT DETAILED STATEMENT OF FINANCIAL A1VITIES FOR THEYEAR ENDED 31 DECEMBER 2023 2023 Taial Funds 2022 Total Funds INCOME AI4D ENI>OWMENTS Donatlons and legacles Donations 2.SlX> 782 Charltable acti¥ltles Envlronment and Development Prolects Fundraising and Marketin8 Distribution of films 89.833 2,652 59,013 6,S96 92,485 65,609 lnvestmeni Income Oep05it account interest Total 41 29 95,026 66.420 EXPENDITURE ON Charltable actlvltles Envlronment and Development Projects 90,236 65,988 Total resources expended 90,236 65,988 frIET INCOMEIIEXPENDITURE) 432 This page does not form part of the statutory financial statements Pa8e 13