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COMPANY REGISTRATION NUMBER: 07842375
CHARITY REGISTRATION NUMBER: 1145364
Friends of Gondwana Rainforest
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Friends of Gondwana Rainforest
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
Friends of Gondwana Rainforest
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024 .
Reference and administrative details
Registered charity name
Friends of Gondwana Rainforest
Charity registration number
1145364
Company registration number
07842375
Principal office and registered
Ash House
office
Breckenwood Road
Fulbourn
Cambridge
CB21 5DQ
The trustees
Ms C Blyth
(Appointed 23 December 2023)
Prof G Greer
Mr A S Hardwick
Mr M Shardlow
Independent examiner
Nicholas Diss BSc(ECON)FCA
Structure, governance and management
The company is registered with the Charity Commission.
The principle beneficiary of the charitable activity has been the Cave Creek Rainforest Rehabilitation Scheme in Australia.
Objectives and activities
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Our objectives are to conserve the world's rainforests and particularly, but not exclusively, Gondwana Rainforest, including the preservation of the bio-diversity of the rainforest eco-systems; to restore, rehabilitate, enhance and manage remnant and re-growth rainforest and particularly, but not exclusively, Gondwana Rainforest; to re-vegetate ex-rainforest lands, including, without limitation, the establishment and on-going management of rainforest plantings of significant ecological value and particularly, but not exclusively, Gondwana Rainforest; to advance the education of the general public in the need for ecological sustainability and resource conservation of the world's rainforests.
Achievements and performance
The trustees are pleased to have been able to support the Cave Creek Rainforest Rehabilitation project.
The trustees have established and maintain a website to provide information about Gondwana rainforest and to promote the preservation of the rainforests.
Financial review
The trustees are keen to increase income from various sources so as to secure adequate future funding.
Plans for future periods
The trustees anticipate that they will continue to support the Cave Creek Rainforest Rehabilitation Scheme.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 13 February 2025 and signed on behalf of the board of trustees by:
Mr M Shardlow
Trustee
Friends of Gondwana Rainforest
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Friends of Gondwana Rainforest
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Friends of Gondwana Rainforest ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements 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 (FRS 102).
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 to enable a proper understanding of the accounts to be reached.
Nicholas Diss BSc(ECON)FCA Independent Examiner
Reardon & Co Ltd
Ash House
Fulbourn
Cambridge
CB21 5DQ
13 February 2025
Friends of Gondwana Rainforest
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Investment income
5
134
134
----
----
----
Total income
134
134
----
----
----
Expenditure
Expenditure on charitable activities
6,7
360
360
360
----
----
----
Total expenditure
360
360
360
----
----
----
----
----
----
Net expenditure and net movement in funds
( 226)
( 226)
( 360)
----
----
----
Reconciliation of funds
Total funds brought forward
6,818
6,818
7,178
-------
-------
-------
Total funds carried forward
6,592
6,592
6,818
-------
-------
-------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Friends of Gondwana Rainforest
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
10
6,250
Cash at bank and in hand
7,072
1,048
-------
-------
7,072
7,298
Creditors: amounts falling due within one year
11
480
480
-------
-------
Net current assets
6,592
6,818
-------
-------
Total assets less current liabilities
6,592
6,818
-------
-------
Net assets
6,592
6,818
-------
-------
Funds of the charity
Unrestricted funds
6,592
6,818
-------
-------
Total charity funds
12
6,592
6,818
-------
-------
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 13 February 2025 , and are signed on behalf of the board by:
Mr M Shardlow
Trustee
Friends of Gondwana Rainforest
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Ash House, Breckenwood Road, Fulbourn, Cambridge, CB21 5DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by guarantee
The company is under the control of the Board of Trustees. It is made up of four trustees. Friends of Gondwana Rainforest is a charity limited by guarantee and has no share capital. In the event of the company being wound up, the liability of each of the Members is limited to £1.
5. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Other interest receivable
134
134
----
----
----
----
6. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Support costs
360
360
360
360
----
----
----
----
7. Expenditure on charitable activities by activity type
Support costs
Total funds 2024
Total fund 2023
£
£
£
Governance costs
360
360
360
----
----
----
8. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
480
----
----
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
10. Debtors
2024
2023
£
£
Other debtors
6,250
----
-------
11. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
480
480
----
----
12. Analysis of charitable funds
Unrestricted funds
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
General funds
6,818
(6,458)
(360)
Unrestricted fund 2 - desc in a/cs
6,592
6,592
-------
-------
----
-------
6,818
134
(360)
6,592
-------
-------
----
-------
At 1 April 2022
Income
Expenditure
At 31 March 2023
£
£
£
£
General funds
7,178
(360)
6,818
Unrestricted fund 2 - desc in a/cs
-------
----
----
-------
7,178
(360)
6,818
-------
----
----
-------
13. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
6,592
6,592
-------
-------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
----
----