Financial Reporting | FY25
Caribbean Biodiversity Fund Financial Statements for FY25
The Caribbean Biodiversity Fund financial statements for FY25, covering the year ended September 30, 2025, are now available. Filed with the UK Companies House, they detail the organization’s regional environmental grant making, investment performance, and overall financial health across a full year of operations.
The filing covers income and expenditure, the position of the Endowment Fund, activity across each program window, and the independent auditor’s opinion. The summary below highlights the headline figures. The complete audited statements are available for download at the end of this page.
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Net Assets $162.98M Up from $154.58M in FY24 |
Total Income $18.52M $13.53M grants, $4.98M investments |
Grants Awarded $11.43M Within $15.42M charitable spend |
Key Financial and Operational Highlights
Net Assets
Total fund reserves grew to $162,980,279 as of September 30, 2025, up from $154,576,683 at the end of FY24. The increase of roughly $8.4 million reflects a year in which income and investment gains together exceeded charitable expenditure.
Revenue and Gains
Generated $18.52 million in total income, comprising $13.53 million in grant income and $4.98 million in investment returns, alongside $6.04 million in net investment gains. The mix underlines a model that pairs donor and partner contributions with returns from long term invested capital.
Charitable Activity and Grants
Executed $15.42 million in total charitable expenditures, which included $11.43 million in direct grant awards distributed across Caribbean conservation trust funds and partner organizations. Grant awards therefore accounted for close to three quarters of all charitable spending during the year.
Core Program Windows
Channeled funding across three main pillars: the Conservation Finance Program (supported by an Endowment Fund with a market value of $114.73 million), the Climate Change Program (Ecosystem-based Adaptation Facility), and the Nature-Based Economies Program (Advancing Circular Economy Facility).
Audit and Compliance
Received an unqualified audit opinion from Azets Audit Services, confirming that the financial statements present a true and fair view of CBF’s financial status.
Inside the Three Program Windows
The Conservation Finance Program remains the anchor of the portfolio. It is supported by an Endowment Fund carrying a market value of $114.73 million at year end, which represents the largest single component of net assets and the source of the investment income reported for the period.
The Climate Change Program operates through the Ecosystem-based Adaptation Facility, directing resources toward adaptation work that uses natural systems to build resilience in coastal and marine environments across the region.
The Nature-Based Economies Program operates through the Advancing Circular Economy Facility, supporting approaches that link environmental outcomes to viable economic activity for Caribbean communities and enterprises.
Governance and Assurance
The Caribbean Biodiversity Fund financial statements are prepared annually and filed with the UK Companies House, where they are publicly accessible. For FY25, Azets Audit Services issued an unqualified opinion, the strongest form of assurance an external auditor can give, confirming that the statements present a true and fair view of the organization’s financial position. Publishing the full filing here is part of CBF’s commitment to transparency with donors, partner trust funds, and the wider public.
Document
CBF FY25 Audit and Financial Statements
Companies House filing, PDF format.
Download the Caribbean Biodiversity Fund FY25 financial statements (PDF)