This report has been prepared in response to the request in decision 1/CMP.3 for the Adaptation Fund Board to report on its activities at each session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP). It provides information covering 1 July 2022 to 30 June 2023 on, inter alia, progress with respect to the Adaptation Fund, in particular on the implementation of tasks mandated by the CMP and the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA), and decisions and action taken by the Adaptation Fund Board to be noted by the CMP and the CMA, as appropriate. An addendum, covering 1 July to 12 October 2023, will be issued after the 41^st meeting of the Adaptation Fund Board.