Company number 2526443 Charity number 1002365 ## LITTORAL PROJECTS ENVIRONMENT DIRECTORS' AND TRUSTEES' REPORT AND ACCOUNTS 31 March 2025 ## **LITTORAL PROJECTS ENVIRONMENT Legal and administrative Information** ## **Directors** C Larner A.E Dennis (resigned 02 September 2024) J M Ford A Corrie (appointed 10 September 2024) ## **Trustees** J M Ford A.E Dennis (appointed 27/09/2022) C Larner ## **Secretary** C Larner ## **Company number** 2526443 ## **Registered charity number** 1002365 ## **Accountants** Whiteside and Davies Chartered Certified Accountants and Registered Auditors 158 Cromwell Road Salford Manchester M6 6DE ## **Bankers** The Royal Bank of Scotland 36 St Andrew Square Edinburgh CAF Bank Kings Mill West Malling Kent ME19 4TA ## **Registered office** 18 Mounts Bay Lodge New Town Lane Penzance Cornwall TR18 2FJ page1 ## **LITTORAL PROJECTS ENVIRONMENT STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025** |**Unrestricted Restricted**
**funds**
**funds**
**Notes**
**2025**
**2025**
**£**
**£**
**INCOMING RESOURCES**
Profit on sale of land
Donations
2
70,000
Charitable activities and registrations
2
3,647
0
interest received
61
Total income
73,708
0
**RESOURCES EXPENDED**
Direct charitable expenditure
9
116,696
**Charitable expenditure:**
Distribution costs
Governance costs
10
780
-
**Total expenditure**
12
117,476
0
**NET (OUTFLOW)/INFLOW FOR THE YEAR**
3
(43,768)
-
**Total funds:**
Brought forward
40,187
Interest receivable
Carried forward
-3,581
0|**Total**
**2025**
**£**
**70,000**
**3,647**
**61**
**73,708**
**116,696**
**-**
**780**
**117,476**
**(43,768)**
**40,187**
**(3,581)**|**Total**
**2024**
**£**
28,162
-
-
7
28,169
15,060
-
1,327
16,387
11,780
28,407
-
40,187| |---|---|---| ## **Continuing operations** None of the company's activities were acquired or discontinued during the above two financial years. ## **Statement of total recognised gains and losses** The company has no recognised gains or losses other than the profit for the above two financial years. The accompanying accounting policies and notes form an integral part of these accounts page 2 ## **LITTORAL PROJECTS ENVIRONMENT Balance Sheet as at 31 March 2025** ||**Notes**||**2025**||2024| |---|---|---|---|---|---| ||||**£**||£| |**Fixed assets**|||||| |Tangible assets|4||**541**||154,972| |**Current assets**|||||| |Current asset investments|5|**-**||12,000|| |Cash at bank and in hand||**51,243**||29,227|| |**Creditors: amounts falling due**
**within one year**|6|**51,243**
**(700)**||41,227
(71,012)|| |**Net current assets/(liabilities)**|||**50,543**||(29,785)| |**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**|7||**51,084**
**(54,665)**||125,187
(85,000)| |**Net assets**|||**(3,581)**||40,187| |**Funds:**
Unrestricted funds
Restricted funds|||**(3,581)**
**-**||40,187| ||||**(3,581)**||40,187| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. Members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for, complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. C Larner Approved by the Trustees on 23 January 2026 The accompanying accounting policies and notes form an integral part of these accounts page 3 **LITTORAL PROJECTS ENVIRONMENT Notes to the Accounts for the year ended 31 March 2025** ## **1 Accounting policies** ## **Basis of preparation of accounts** The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company has taken advantage of exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small company. ## **Depreciation** Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold land 0% Plant and machinery 15 % - 25% Straight line ## **Incoming resources** Income consists of grants, voluntary income and donations and fees generated from its charitable activities. Fees generated from charitable activities comprise of amounts receivable during the year. Voluntary income and donations are accounted for as received. Income from grants are recognised on an accruals basis when acceptance from the granting body is received and conditions for receipt have been satisfied. Grants are allocated on the basis of the project for which they were raised. ## **Resources expended** Resources expended have been included in the Statement of Financial Activities on an accruals basis, inclusive of VAT which cannot be recovered. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost category on a basis consistent with the use of these resources. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity. There were no material fundraising costs during the year. ## **Funds** Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of the charity. Page 4 ## **LITTORAL PROJECTS ENVIRONMENT Notes to the Accounts for the year ended 31 March 2025** |**2**
**Incoming resources**
**Grants receivable**
Heritage Lottery Fund
Hadfield Trust
Covid Recovery Programme
Small donations
**3**
**Surplus for the year**
This is stated after charging:
Accountants fee
**4**
**Tangible fixed assets**
**Cost**
At 1 April 2024
disposal
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**2025**
**Unrestricted**
£
-
Freehold
land and
buildings
£
155,431
(155,431)
-
-
-
-
-
155,431|**2025**
**Restricted**
**£**
**-**
**2025**
**£**
**780**
Plant and
machinery
£
17,744
17,744
17,203
-
17,203
541
541|2024
Total
£
0
2024
£
780
**Total**
**£**
**173,175**
**(155,431)**
**17,744**
**17,203**
**-**
**17,203**
**541**
**155,972**| |---|---|---|---| All fixed assets are used for direct charitable purposes. Fixed assets are stated at cost. Any donated assets are stated at the value at the date of donation or the value at the balance sheet date if materially different. The land and buildings have been transferred to Factum Foundation London on the 19th August 2024 Page 5 ## **LITTORAL PROJECTS ENVIRONMENT Notes to the Accounts for the year ended 31 March 2025** |**5**
**Current asset investments**
Various paintings to be sold||**2025**
**£**
-
-|**2024**
**£**
12,000
12,000|**2024**| |---|---|---|---|---| Various paintings were donated to the charity in a prior year to help raise funds for various projects. The trustees estimate the value of the remaining paintings to be in the region of £12,000. These have now been delivered to Factum on 04 June 2025 and a note sent informing they have been received by the Charity |**6**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income
**7**
**Creditors: amounts falling due after one year**
Other creditors|**2025**
**£**
-
700
700
**2025**
**£**
54,665|**2024**
**£**
69,265
1,747
71,012
**2024**
**£**
85,000| |---|---|---| creditors include an amount of £54,665 due to C Larner The company is limited by guarantee and has no share capital. Page 6 ## **LITTORAL PROJECTS ENVIRONMENT Notes to accounts** ## **for the year ended 31 March 2025** |**9 Direct charitable expenditure**
Conferences and event costs
Project conservation
Support costs (see note 11)
Distributions
**Distribution costs**
Distribution costs
**10 Governance costs**
Insurance
Independent Examiners fees
**11 Support costs**
Telephone and fax
Sundry expenses
subscription
Printing, postage and stationery
Computer and website expenses
Bank charges
Repairs
Motor and travel
Advertising and PR
services
Legal fees||**2025**
Unrestricted
fund
£
3,338
8,356
105,000
116,694
780
780
-
358
1,370
60
-
(625)
7,194
8,357||**2025**
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-|**2025**
**Total**
**fund**
**£**
**3,338**
**8,358**
**105,000**
**116,696**
**780**
**780**
**-**
**-**
**358**
**1,370**
**60**
**-**
**-**
**-**
**(625)**
**7,195**
**8,358**|2024
Total
fund
£
55
5,139
9,868
-
15,062
547
780
1,327
269
77
340
1,785
60
777
6,560
9,868| |---|---|---|---|---|---|---| page 7 ## **LITTORAL PROJECTS ENVIRONMENT** ## **Notes to accounts** **for the year ended 31 March 2025** |**12**
**14**|**Expenditure**
Direct charitable expenditure
Motor travel and subsistence
Telephone and fax
Insurance
Independent Examiners fees
Sundry expenses
Printing, postage and stationery
Repairs
Services
Legal
Conservation
Computer and website expenses
Bank charges
**Funds**
**Funds**
Cumbria Fells & Dales Leader + Programme
Lodgemill Land
Save the Merz Barn & Cylnders
Arts and Agriculture
Restricted funds
Unrestricted funds
Total funds|2025
Unrestricted
£
105,000
780
357
625
-
7,195
3,338
1,371
60
117,476
Bal B/F
**1.04.2024**
£
11,871
-
-
34,955
5,306
28,390
17
28,407|2025
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
0
Incoming
resources
£
-
-
-
-|**2024**
**Total**
**£**
**105,000**
**-**
**-**
**-**
**780**
**-**
**357**
**(625)**
**7,195**
**3,338**
**1,371**
**60**
**117,476**
Resources
expended
£
-
0
-|2024
Total
£
5,194
-
269
547
780
77
340
777
6,560
1,785
60
16,389
**Balance**
**31.3.25**
**£**
**11,871**
**-**
**0**
**34,955**
**5,306**
**28,390**
**17**
**28,407**| |---|---|---|---|---|---| page 8