Company Info

Annual Report   (Financial year 08-09)     05/10/09

Business Details
Sector: Carbon Absorption Forestry
Registered address: Pantglas,
Llanddewi Brefi, Tregaron, Ceredigion. SY256PE
Tel: 07773001132
Website: www.treeflights.com
Email: admin@treeflights.com
Company Secretary: Tom O’Leary
Company Director: Ru Hartwell
Accountants: Michael S. Ramsey Ltd.
YDdol, Llandyfriog, Newcastle Emlyn, Ceredigion.   SA38 9HB
Solictors: Arnold Davies Vincent Evans.
33 High St, Lampeter, Ceredigion. SA487AB
Company Number: 6462199
Introduction
Treeflights is a non profit company limited by guarantee and registered at Companies House.  Founded in 2006, it is now planting in Wales, Peru, Sumatra, Kenya and Spain for businesses and individuals wishing to compensate for their carbon emissions or to replace consumed resources in an ethically valid way. To date a total of 7,127 trees of 40 species have been planted in all projects.

Corporate partners/clients

QJets 365 - http://qjets365.com/
Alpine Elements - http://www.alpineelements.co.uk/
Flaps International -  http://www.smarteraircharter.com/
Emtjets  -  http://www.emtjets.com/
Eco U.com  -  http://www.ecou.com/
Time in Spain -  http://www.timeinspain.com/
Holistic Holidays - http://www.hoho.co.uk/
Synergy Training  -  http://www.synergytraining.co.uk/
Concordia  -  http://www.concordia-iye.org.uk/
Date Positive  -  http://datepositive.net/
Carbon Info.Org  -  http://www.carbon-info.org/
Redbridge Assoc. -  http://www.accringtonroaddental.co.uk/index.php

Partner Planting Projects

Peru  -  Ashaninka Community, Tinkareni, Junin.
Sumatra -  Bukit Lawang Community, Medan, Aceh.
Kenya  -  Bore Community, Singwaya, Malindi, Coastal Province
Spain  -  Lanjaron Community, Granada, Andalucia
Wales  - Main planting site. Llanybydder, Carmarthenshire

(Treeflights also co-ordinates the Lampeter/Bore Community Carbon Link which aims to connect the Welsh and Kenyan communities through the medium of carbon. Detailed project information is available here: http://www.treeflights.com/phase2/lampeter-bore.html)

Website visitor statistics to date

           Web order statistics by species to date

Total orders to date    Business             Web
Wales                                     1088         1393
Peru                                            10          117
Spain                                             0             5
Sumatra                                      50             4
Kenya (Inc. CCL)                      468          122
Summary of accounts

TRADING AND PROFIT AND LOSS ACCOUNT
(For the Period 2nd January 2008 to 31st January 2009)
                                                                  £                           £
Sales                                                         9,361
Cost of sales
Purchases                                                  1,232
GROSS PROFIT                                           8,129
(86.84%)
Expenditure
Mobile Telephone                                      100
Post and stationery                                   462
Advertising                                             1,530
Motor expenses                                         661
Sundry expenses                                    1,890
Accountancy                                                288
 4,931
 3,198
Finance costs
Bank charges                                            2,479
NET PROFIT                                                                         719

Overall report for the financial year ’08 – ’09.
This year has witnessed a marked contraction in the voluntary market in carbon due in large part to the prevailing economic climate and Treeflights has experienced a significant reduction in tree orders for Wales and Peru. Fortunately, the new planting projects in Sumatra, Spain and particularly Kenya have started to attract orders that have in part compensated for the reduced demand in our established projects with the result that overall turnover has remained consistent with previous years (in the region of £10,000 per annum).

The Lampeter/Bore Community Carbon Link project which Treeflights hosts and launched in December ‘08 has drawn much interest from the media in Wales which has led to considerable orders for cashew nut trees with the partner community. We have started employing our first permanent salaried worker in Bore, Alex Katana and have supplied the Kundeni Primary School with a new laptop, inverter and solar panels. This has largely been made possible with support from the Welsh Assembly Gold Star Communities Scheme and the Waterloo Foundation. Many thanks to both. Lead organiser in Bore, Andrew Wright informed us last week that the rains had finally come and this enabled the team to distribute a further 1000 neem trees. Well done Andrew.

Another major achievement this year has been the full transferral of the ownership of our main planting site at Pant-y-pond which is now held entirely under the company’s name. In order to secure the trees and their absorbed carbon we have put in place legally binding and irrevocable restrictive covenants (with the UK Land Registry) to the effect that the land must remain as woodland and be managed for maximum carbon retention in perpetuity, irrespective of ownership. Furthermore, public access to the young forest has been likewise ensured so that all customers may visit the site, locate and check on the progress of their trees at their own discretion.

For the immediate future we do not expect a rapid upturn and expect 2110 to be a further year of consolidation rather than growth.  So we will not be launching new planting projects in the coming year, however we will continue to innovate and maintain the vision that planting trees to absorb carbon can be a valid part of our strategy to address climate change, providing it is done ethically and with recognition of the limitations. To this end, from April ’10 onwards, we are planning to give all customers the unique GPS co-ordinates for their trees, on confirmation of planting.

We would like to take this opportunity to thank all our clients, partners and in particular the many volunteers who have freely given their support over the last year. Working together we have now planted over 7,000 trees in 4 continents.     

  
   Ru Hartwell  -  Director                          05/10/09

           Alex Katana with tagged cashew, Bore 02/10/09