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THE PROFOREST INITIATIVE

Registered charity 1137523 · accounts filings on the Charity Commission register

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Latest income
£1.1m
Latest spending
£1.0m
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The charity reported a surplus of £23,505 for the year ended 31 December 2024, with total income decreasing to £1,054,204 from £1,540,689 in the prior year. Unrestricted reserves increased to £402,400, which the trustees state is above the annual operating cost and provides a buffer against short-term funding gaps. The auditor confirmed the appropriateness of the going concern basis with no material uncertainties identified.

What the accounts disclose

Related-party transaction: Proforest Ltd recharged The Proforest Initiative £510,941 for costs of charitable activity paid on its behalf.
“During the year ended 31 December 2024 Proforest Limited recharged The Proforest Initiative £510,941 (2023: £536,242) for costs of charitable activity paid on its behalf.” — page 27
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Gravita Audit Oxford LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.1m
Total spending
£1.0m
Reserves (reported)
£402k
Employees
0

Reported reserves equal ~4.7 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Brazil · Cameroon · Central African Republic · Colombia · Congo · Congo (Democratic Republic) · Gabon · Ghana · Indonesia · Ivory Coast · Liberia · Malaysia

Income and spending

Financial year endIncomeSpending
31/12/2024£1.1m£1.0m
31/12/2023£1.5m£1.6m
31/12/2022£2.6m£2.6m
31/12/2021£2.2m£2.2m
31/12/2020£2.0m£2.1m

Common questions

Is THE PROFOREST INITIATIVE financially healthy?

The charity reported a surplus of £23,505 for the year ended 31 December 2024, with total income decreasing to £1,054,204 from £1,540,689 in the prior year. Unrestricted reserves increased to £402,400, which the trustees state is above the annual operating cost and provides a buffer against short-term funding gaps. The auditor confirmed the appropriateness of the going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Gravita Audit Oxford LLP.