REGISTERED COMPANY NUMBER: 01811236 (England and Wales) REGISTERED CHARITY NUMBER: 326585 TELEVISION FOR THE ENVIRONMENT (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TELEVISION FOR THE ENVIRONMENT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Ito5 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t013 Detailed Statement of Financial Activities 14
TELEVISION FOR THE ENVIRONMENT (A COMPANY LIMITED BY GUAFIANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Irustees, who are also directors of the charity for the purposes of the Companies Act 2006, present theif report with the financial statsments of the charity for the year ended 31 December 2024, Objectives and Activities inspire real-world aGtion for a more sustainable planel. Our core mission is to educate millions of people globally aboul the complex environmental and sustainability challenges we face, moving beyond headlines to explore the nuances of issues like climate change, biodiversty loss, and social equty. We don't just highlight problems; we showcase the innovative and scalable solutions that can create a better, more just future for all. Our work is achieved through the production and global distribution of impactful films, and the promotion of environmental narratives across digital plafforms, educational nelworks, and high-profile intemational events. Achievements and Perforniance: A Year of Continued Impact Despite operating within a challenging financial landscape, 2024 was a year of significant strategic activty and unwavering dedicalion to our mission. We focused on strenglhening our core programmes, forging new and influential partnerships, and pioneering innovative methods of outreach to connect wilh a new generation of global citizens. Expanding Our Digital Legacy: Preserving a Four-Decade Chronicle Our vital work to digitise our unique film archive, which represents a four-decade chronicle of environmental history, has continued apace. In 2024, our dedicated team successfully preserved an additional 600 films, safeguarding these invaluable assets from physical degradation and making them secuie for future generations. This project is more than just preservation. il is the creation of a comprehensive online library that will serve as a key educational resour. This ensures that our invaluable historical record of environmental thought, action, and debate will be accessible to researchers, students, and the public worldwde. Innovating with New Media: The 'Decade of Destruction, Graphic Novel in a fomiat that is both familiar and compelling. We began developing an interactive online graphic novel based on our award-winning, landmark film series, 'Decade of Destwction,, whlch was shot in the Amazon rainforest belween 1980 and 1990. This innovative project is a strategic rnove to adapt the powerful, timeless Tnessages from the original films into a modem. interactive digital experience. By doing so, we ensure that the series. critical environmental narrative on deforestation and indigenous rights continues to resonate with younger, digitaknative audiences in a medium they can connect with directly and share widely. Nurturing Future Talent: Mentorshlp and Professlonal Development tve is deeply committed to fostering the next generation of media and environmental professionals. In 2024, we proudly mentored 24 students and young people, providing them with structured, hands-on opportunities to work alongside our experienced team. These mentees were integrated into key strategic projects, including the archival digitisation and the creative development of the new graphic novel. This programme gave them invaluable, real-world insights and practical experience in the environmental slorytelling industy, equipping them with the skills and confidence to become futuie leaders in the field.
Growing the tve StoryHub: A Global Community for Change Following its successful launch in late 2023, our orr platforni, the fve StoryHub, has become central pillar of our global distribution strategy. Throughout 2024, we have consistently enriched the platform with compelling new content, including digitised classics from our archive and new, thought- provoking films from our partners. The StoryHub is proving to be an essential tool for reaching a wider, more diverse global audience, allowing us to build a dedicated community of engaged viewers and significantly further our environmental education rnission.
Trustess Report continued ...... Elevating Sustainability Discourse on the Global Stage In 2024, fve continued to host and participate in impactful discussions on a global scale. We were proud to have a significant Psence at the Cannes Filrn Festival, where we contributed to a vital discussion on "Women in Cinema and Sustainabilty," a strategic intervention to place environmental issues and female leadership at the heart of the intemational film industry. Our annual Charity Golf Day, a comerstone fundraising event, was successfully held at the prestigious RAC Club, serving as a key networking event that brought together our valued supporters and stakeholders. A summer reception was also graciously hosted by our trustees to showcase tve's ongoing projects and raise aWanesS for the upcoming COP29. The 13th Annual tve Global Sustslnability Film Awards (GSFA}: A Global Showcase at the iconic BAFTA 195 Piccadilly, London. The awards, global prestige continues to grow, attracting an impressive 98 entries from across 28 dtfferent countries, demonstrating the event's truly intemalional reach and influence. In a significant new partnership, tve collaborated with University College London (UCL), which brought academic rigour and fresh perspectives to the judging process by hosting the awards, shortlisting on its campus. The awards celebrated the outstanding work of companies and institutions in communicating sustainability, and the nominated films were showcased on our tve.media platform, inspiring industry peers and a global audience to aim for higher standards in their own communications. Financial Review The 2024 financial year has been one of significant challenge for the charity, reflecting a difficult fundraising climate for the non-profit sector as a whole. Total incoming resources were £66,075, a substantial decrease frorn £95,026 in 2023. This fall in income is primarily due to a reduction in funds raised from our fundraising and marketing activities. I n response to this challenging environment. the trustees took proactive and prudent steps to manage the charity's SourCes. Total expenditure was carefully managed and reduced to £86,660 from £90,236 in the previous year, representing a decrease of £3,576. Despite these diligent cost-saving measures, the sharp fall in income resulted in a net deficit for the year of £20,584. This has had a significant irnpact on our reserves, which stood at £17,494 at the year's end (2023.. £38,079). highest priority for the coming year is to develop and implement a robust and diversrfied fundraising strategy. We are actively exploring new grant opportunities, strategic corporate partnerships, and innovative individual giving campaigns to rebuild our reserves to a sustainable level and ensure the long-term financial health of the charity. Future Plans Tve remains steadfast in its commitment to making environmental storytelling accessible to all. In 2025, our key strategic focus areas will be: Securing a Sustainable Funding Base: Our foremost priority is to secure new, multi-year funding to ensure the longevity of our core programmes and support our vital mission for the years to come. Launching the Graphic Novel: We will actively seek development funding to complete and launch the 'Decade of Destruction, interactive graphic novel, pioneering a new and exciting way to engage modern audiences with legacy content. Expanding Our Digitsl Reach: We will continue to expand the content library and user base of our tve StoryHub, leveraging digital marketing to connect with more viewers globally and build a vibrant online community.
Completlng the Archive Dlgitlsation: We will seek dedicated funding to continue and aclerate the vital work of digitising our filrn archive, preserving this unique asset and unlocking its full educational potential. Fosterlng Strateglc Partnershlps: We will continue to build on our sucSsful partnerships, like that with UCL, to amplify our impact, share resources, and create a collaborative global network of environmental advocates. We extend our sincere and heartfelt thanks to our donors, partners, and supporters for their invaluable contributions and belief in our mission during a difficult year. Together, we can navigate these challenges and continue to create a lasting, positive impact on the planet.
TELEV1510N FOR THE ENVIRONMENT REPORT OF THE TRusfEES (Cont'd> FOR ThE YEAR ENDED 31 DECÉMBER 2024 REFERENCE AND ADMINislliATIVE DAlL$ Bankers Triodo5 Bank NV Deanery Road Bristol BSI SAS STATEMENT OFTRusfEES' RESPONSIBILITIE5 The Iruslees (who are also director5 of Televi5iofb for the Environment for the PUTpose5 of company lawl are responslble for preparin8 the Aeport of thè Trustèes and the flnancial Statements in 袢ordance wlth appllcable law and Unlted Kingdom Accountin8 Standards (United Ingdom Generally Accepted Attounting Practlcèl. Company law require5 the trustees t¢ prepare financial statements for eath financial year which glve a true and fair view of the state of ?ffairs ot thè eh3rltable company and of the in¢omin8 resouices and appllcation of resources, including the incorne and expenditure. of the charitable mpany for that period. In preparing those financial Statements. the trustee5 are required to.. select suitable accounting policies and then appty them consistently; Observe the methods and principles in the Charity50RP: Make jud8ements and estimates that are a$Onable and prudent; Prepare the ffinancial statements on the going concem basls unless it Is appropriate to presume ihat the tharitable cornpany will continue in business. The trustees are responsible for keeping prgper acwuntine records which disclose wrth re350nable accuracy at any tlme the financial posltlon of the charltable company and to enable them to ensure that the financial statement5 comply with the Companies Act 2L)J6. They are a150 responslble for safeguardingthe assets of the charltable o)mpany and hence for takin8 reasonable step5 for the prevention nd deteciion of ffaud and other irreKularitie& Approved by order ofthe board of Trustee5 and 5i8ned on its behalf by: M S Lai~ Chair of Trvstees
INDEPENDENf EXAMINER'S REPORTTO THE TRUSTEES OF TELEVISION FOR THE ENVIRONMENT Independent examinerfs report to the trustees of Television for the Environment I'the companV} I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2024. Responslbllltles and basis of report As the charivs trustees of the Company land also its direttors forthe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitvs accounts as carried out undersection 145 of the Charities Act 2011 { the 2011 Act,). In carrying out my examination I have followed the Directors given by the Charity Commission undersection 14515} (b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I can confinn that no matters have come to my attention In connection with the examination Biving me cause to believe: l) Accounting records were not kept in respert of the Company as required by section 386 of the 2006 Act; or 2) The accounts do not accord with those records. or 3} The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a true and fair view which is not matter considered as part of an independent examination," or 4) The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS102}). 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 orderto enable a proper understanding of the accounts to be reached. Gareth Rees Independent examiner PB Associates 2 Castle Business Village Station Road Hampton Middlesex TW12 2BX Date..
TELEVISION FOR THE ENVIRONMENT STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 2023 Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 1,609 2,500 Charitable activities Fundraising and Marketing Distribution of films 64,326 89.833 2.652 Investment income Total 140 66.075 41 95,026 EXPENDITURE ON Charitable activities 86,660 90,236 Total 86,660 90,236 NET INCOME/(EXPENDITURE) 20,5841 4,790 Total funds brought forward 38.079 33,289 TOTAL FUNDS CARRIED FORWARD 38,079 The note5 form part of these financial statements
TELEVISION FOR THE ENVIRONMENT (REGISTERED NUMBER: 01811236) BAIANCE SHEET AS AT ai DECEMBER 2024 Unrestricted Funds 2024 2023 Notes CURRENT ASSErs Debtor5 Cash at bank 35,871 12,494 48,365 14,131 57,888 CREDITORS Amounts falling due within one year 30,8711 ( 19,809) NET CURRENT ASSETS 17,494 38,079 TOTAL ASSETS LESS CURRENT LIABILITIES 17,494 38,079 NET ASSETS 17,494 38,079 FUNDS Unrestricted funds 17,494 38,079 TOTAL FUNOS 17,494 38,079 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024. The member5 have not required the company to obtain an audit of its financial statements forthe year ended 31st December 2024 in accordance with Section 476 of the Companies Att 2006. The trustees acknowledge thelr responsibilities for: a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006, and b) preparing financial statements which gNe a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otheise comply with the requirements of the Companies Art 2006 relating to financial statement5, so far as applicable to the charitable company. These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies iegime. The financial statements were approved by the Board of Trustees on 23 December 2025 and were signed on its behalf bv: M S Lai - Chair of Trustees The notes form part of these financial statements
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I) ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance wwth the Charities SORP (FRS 1021 ' Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Flnancial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The Trustees consider that there are no material uncertainties about the charivs ability to continue as a going concern. Income All incoming resources are included in the SOFA when the Charity is legally entitled to the income and it is probable that the income will be received and the amount can be measured reliably. Legal entitlement is considered to be the combination of when the contract for project work is signed by both parties and the contracted costs begin to accrue following work commenced on the project, so as to match the income generated against the costs incurred on each project. Incoming resources are classified as restricted. designated or unrestricted in accordance with the requirements of 50RP 2015. Restricted incoming resources are those that are subject to special conditions imposed by the funder, and on completion of such a project any unspent fund5 will be returned to the funder. Designated incornin8 resources are subject to special conditions imposed by the funder but on completion of such projects any remaining balance is transferred to the General Fund. Unrestricted incoming resources are those funds that are not subject to any restrictions and can be expended at the discretion of the Trustees in furtherance of the Charit(s objectives. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to 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 reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 on the basis consistent with the use of resources.
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS (Contd) FOR THE YEAR ENDED 31 DECEMBER 2024 I) ACCOUNTING POLICIES (Contd) Taxatlon The Charity is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 orsection 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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 included in the notes to the financial statements. Fore5gn currencles Assts and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Tran5aCtion5 in foreign currencie5 are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Operating leases Rentals payable under operating leases are charged to the Ststement of Financial Activities in the year in which they are payable. Film library The company has a library of films comprising of film5 made since the formation of the company in 1984. The value of these films to the company is the value of the future income flows that will come from the Sale of these films, or footage from them. Owing to the uncertainty of these future flows, no value is ascribed to the film library in these Financial Statements. 2) DONATION5 AND LEGACIES 2024 2023 Donations 3) INVESTMENT INCOME Deposit account interest 140 41 10
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS {Contd) FOR THE YEAR ENDED 31 DECEMBER 2024 4) INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Fundraising and marketing Distrlbution of films 64,326 89,833 2,652 5) CHARITABLE ACTIVITIES COSTS 2024 2023 Direct costs Support costs 85,669 991 86,660 87,740 2,496 90,236 6) TRUSTEES, REMUNERATION ANO BENEFITS There are no trustees, remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023. Trustees, expenses There are no trustees, expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023. 7) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors VAT 29,916 8,445 8) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals and deferred income 11,062 19,809 1,500 18,309 li
TELEVISION FOR THE ENVIRONMENr NOTES TO THE FINANCIAL STATEMENTS (Contd) FOR THE YEAR ENDED 31 DECEMBER 20Z4 g) MOVEMENT IN FUNDS At l January 2024 Nèt At31 De¢ember 2024 movement in funds Unrestrirted fund5 General fund 38,079 ( 20,584) 17,494 TOTAL FUNDS 38 079 Net movement in funds included in the above are asfollows= Incomlnz re50urce5 Resources expended Movement in fund5 Unrestrlcted funds General fund 66.075 ( 86,660) 1 20,584) TOTAL FUNDS Compar¥tive5 for movement in fund5 At l Janu 2024 Net At31 December 2024 movement In funds Unrestrlrted funds General fund 33.289 4,790 38,079 38.079 TOTAL FUNDS 33.289 Note: Followin8 the completion of the Environment and Oevelopment Projects. all excess Restricted Funds are treated as Unrestrtcted Funds. Comparative net movement in funds included in the above a as IoMI rèsources Resources Movement expended lfi funds Unrestricted funds General fund 95,026 { 90.236) 4.790 TOTAL FUNDS 95.027 ( 90.236) 4,790 12
TELEVISION FOR THE ENVIRONMENT NOTES TO THE FINANCIAL STATEMENTS (Contd) FOR THE YEAR ENDED 31 OECEMBER 2024 101 MEMBERSHIP Television for the Environment is a charitable company limited by guarantee of its members. At present there are 3 members, each of whom guarantees up to £1. 13
TELEVISION FOR THE ENVIRONMENT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total Funds 2023 Total Funds INCOME AND ENDOWMENTS Donations and legacies Donations 1,609 2,500 Char5table activities Fundraising and Marketing Distribution of films 64,326 89,833 2,652 64,326 92,485 Investment income Deposit account Inte$t Total 140 66,075 41 95,026 EXPENDITURE ON Charitable activities Environment and Development Projects 86,660 90,236 Total resources expended 86,660 90,236 NEf INCOME/(EXPENDITURE} 20,584 4,790 This page does not form part of the statutory financial statements 14