Resource Extraction Monitoring Organisation

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 04905100

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	-		579
Cash at bank and in hand		1,789		40,411

		1,789		40,990
Creditors: Amounts Falling Due Within One Year	5	(1,983 )		(25,642 )

NET CURRENT ASSETS (LIABILITIES)			(194 )		15,348

TOTAL ASSETS LESS CURRENT LIABILITIES			(194 )		15,348

NET (LIABILITIES)/ASSETS			(194 )		15,348

Income and Expenditure Account			(194 )		15,348

MEMBERS' FUNDS			(194)		15,348

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Ms Valerie Vauthier

Director

29/04/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Resource Extraction Monitoring Organisation is a private company, limited by guarantee, incorporated in England & Wales, registered number 04905100 . The registered office is 23 Albert Street, Cambridge, CB4 3BE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

In common with similar organisation, REM relies on a small number of current contracts for operating income. Due to the operating policies of the funders, these are rarely agreed more than one year in advance. However, the company has a good record of successfully obtaining new contract work and the Directors are confident that sufficient contracts will be obtained to justify preparation of the accounts on a going concern basis.

2.2. Turnover

Income

Income is recognised as amounts are invoiced and due, including amounts received under grant funding from NGOs, Foundations and International Finance Institutions.

Grants

Government Grants are recognised when the grant has been received and is recognised as income over the necessary to match them with related costs, for which they are intended to compensate. The income of the organisation comes from government grants, private companies, foundations and NGOs.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

2.4. Reserves

Reserves are intended, amongst other, for:

- Closure costs including redundancy and other legal charges

- Legal advice/protection

- Cashflow support

- Unforeseen emergencies

- Fluctuation in income

- Late payment by funders

- 3 months operating costs

- Project development and implementation

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	-	579

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	41	3,230
Other taxes and social security	826	751
Accruals and deferred income	1,116	21,661

	1,983	25,642

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Resource Extraction Monitoring Organisation

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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