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|||Page|
|---|---|---|
|Report of the Trustees||1 to 8|
|Independent
Examiner's|Report||
|Statement
of Trustees'|Responsibilites|10|
|Statement
of Financial|Activities||
|Balance Sheet||12to 13|
|Notes to the Financial Statements||14to 24|
|||||||||||Charity|No||1019665||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||F|t',',|||Earlhworks||Trust Limited|||Company|||||
|||||||||||||||CC17a|
|||||||Annual
accounts||for the||iud|||||
||||||Period|start|01-Jan-20||To|Period end||31-Dec-20|||
|||||||~ ~|~||||||||
|Reference||and administrative|||details||||||||||
|Charity|number||||||1079866||||||||
|Company||registration||number|||03011755||||||||
|Registered||Office:|||||The Sustainability||Centre||||||
||||||||Droxford
Road||||||||
||||||||East Meon||||||||
||||||||Petersfisld||||||||
||||||||Hampshire||||||||
||||||||GU32 1HR||||||||
|The trustees|||who are|also the|directors|of the charity for the purposes||||ofthe Companies|||Act 2006|are as|
||||||||Mr H M Qarke||||||||
||||||||Ms V Gould||||||||
||||||||Mrs M THarland||||||||
||||||||Mrs RJames|||(Appointed||18.06.2020)|||
||||||||MrJ RSaulet||||||||
||||||||Mrs M Rivett|||(Resigned||19.11.2020)|||
||||||||Mr BLamacraft|||(Resigned||16.06.2020)|||
||||||||Mr T Rollinson||||||||
||||||||Mr J Lane||||||||
||||||||Mr C R Hillyer||||||||
|independent|||Examiner:||||Triple Bottom Line Accounting||||Limited||||
||||||||The Enterprise|Centre|||||||
||||||||University
of East Anglia||||||||
||||||||Norwich||||||||
||||||||NR4 7TJ||||||||
|Bankers:|||||||The Co-operative||Bank||||||
||||||||PO Box 250||||||||
||||||||Skelmersdale||||||||
||||||||WN8 6WT||||||||
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|mattem set o|ut in the sta|ut in the sta|tement
be|low.|||
|---|---|---|---|---|---|---|
|Independent|examiner's||statement||||
|In connection|with|my examination,||no matter has come to my attention:|||
||1||which|gives me reasonable cause to believe that,
in any material
respect,||ths|
|||||~ to keep accounting
records
in accordance
with section||386of|
|||||the Companies
Act 2006, and|||
|||||~ to prepare accounts
which accord with the accounting|||
|||||records,
comply
with the accounting
requirements
of|section||
|||||396ofths Companies
Act 2006 and with the methods||and|
|||||principles
ofthe Statement
of Recommended
Practice:|||
|||||Accounting
and Reporting
by Charities
preparing
their|||
|||||accounts
in accordance
with the Rnanclal
Reporting|Standard||
|||||applicable
in ths UK and Republic of Ireland (FRS 102)update|||
|||||bulletin
effective 1st January 2015|||
|||||||||||||Charity No|taraaaa||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Earthworks|||||Trust Limited|||||||
|||||||||||||Company
No (|OM117SS|CC17a|
||||||||Annual|||accounts|for the|ried|||
|||Period start|||||01-Jan-20||||To|Period end|31-Dec-20||
|||||||||||||Restricted|||
|Recommended
categories||||||||||i/nrestrlcted||Income|Tatal this|Tatal last|
|by|activity|Details||af||awn|analysis|||funds||funds|year|year|
||||||||||||6|8|6|8|
|Income and Endowments|||||||||||||||
|Donation
and Legacies||Grants|received||||||||21 784|617,797|639,581|580,960|
|Charitable|activities|Donations||and||gift|aid||||191876||191,876|5,485|
|||Income|from||trading||||||||||
|Investments||subsidiaries|||and interest||||||||||
|||received|||||||||137058|3,846|140904|151778|
|Other||Other trading||||income|||||20.962||20 962|10107|
|Total Income||||||||||371680||621,643|993323|728 330|
|Expenditure|||||||Notes 5-7||||||||
|||Building|operating costs,||||||||||||
|Charitable|activities|depreciation|||and provision|||||of|||||
|||services||||||||212,074||539|212,613|176889|
|Other||Independent
professional|||inspection,
other
and financial.||||||3 144||3 144|3654|
|Total Expenditwe||||||||||215,218||539|215,757|180543|
|Net income/(expenditure)|||||||||||156462|621 104|777.588|547 787|
|Grass transfers
between funds||||||||||1,047,886||-1,047,886|||
|Nlavement|for year|||||||||1,204,348||426,782|777 566|547,787|
|Total funds|brought forward|||||||||1 015872||543,445|1 559317|1 011 530|
|Total funds|carried forward|||||||||2,220,220||116863|2336883|1 559317|
|Unrestricted|Restricted|Restricted|Total this|Total last|
|---|---|---|---|---|
|funds||funds|year|year|
|9||a|6|9|
|1 939,653|||1 939653|914,939|
|102 171||52 434|154605|148091|
|2 041 824||52 434|2 094258|1 063030|
|368799|||368799|236 489|
|605604||64 229|669833|483 129|
|974 403||64 229|1 038632|719616|
|451 007||345000|796007|223 331|
|523 396|-|280 771|242 625|496,287|
|2 565 220|-|228 337|2336883|1 559317|
|2565220|-|228 337|336883|1559317|
|2 220 220|||2 220 220|1 015872|
|||116,663|116663|543445|
|2 220 220||116663|2336883|1 559317|
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|Note 2||A|ccounting
polic|ies||
|---|---|---|---|---|---|
|ASSETS||||||
|Tangible fixed|||assets for use|These are capitalised
if they can be used for more than one year, and cost at||
|by charity||||least E100. They are valued at cost or a reasonable
value on receipt.
They are||
|||||used for chariitable
purposes.||
|Irsrestme nts||||Investments
in securities
are valued
at closing realisable
prices at the balance||
|||||sheet date.
The difference
between
opening
and closing valuation
of securities||
|||||is realised as a gain or loss in the income and expenditure
account.||
|Capital Grants||||Gifts of tangible
fixed assets or grants ofa capital nature
given for specific||
|||||purposes
and fully utilised
in the furtherance
of the objects ofthe charity are||
|||||credited to a relevant
restricted
fixed asset fund designated
for this purpose.||
|||||The related fixed asset is shown
on the balance sheet at the full cost of||
|||||acquisition
and depreciated
over the useful
life in accordance
with the||
|||||depreciation
policy (below). The restricted
fund is transferred
to general funds|on|
|||||acqusition
of the related assets and is not amoitisied
over the life of the assets.||
|||||Any specific restrictions
imposed
by the grant
making
body, beyond use by the||
|||||charity for the purposes
of it's normal charitable
activgies,
on use of the assets,||
|||||is disclosed
in the Fixed Assets notes.||
|Depreciation||||Depreciation
is provided
on all tangible
fixed assets at rates calculated to write||
|||||off the cost on a reducing
balance method over their expected
useful economic||
|||||lives as follows:||
|||||Freehold
property
and refurbishments
at varying
rates on cost||
|||||Plant and machinery
at varying
rates on cost||
|||||Outdoor construction
at varying
rates on cost||
|INCOttE AND|||ENDOWMENTS|||
|Recognltlon||of Incoming||Income from grants,
legacies, donations.
appeals,
fundraising
and investments|is|
|resources||||recognised
in the Statement
of Financial Activities
(SOFA) on receipt pmviding||
|||||there are no conditions
that would vith hold payment
outside of the chaiYites||
|||||control
including
receipts
which are subject to restrictions
because potential||
|||||withholding
is In control of the charity.||
|Incoming resources with||||Where incoming
resources
have significant
related expenditure
(as with||
|related expenditure||||fundraising
or contract income) the incoming
resources
and related expenditure||
|||||are reported gross
in the SOFA.
Rental income is reported
net of collection||
|||||charges
on a receivable basis.||
|Grants and donations||||Grants and donations
are only included
in the SOFA when the charity has||
|||||unconditional
entitlement
to the resources.||
|Tax reclaims|||on donations|Incoming
resources
from tax reclaims are included
in the SOFA at the same time||
|and gifts||||as the gift to which they relate.||
|Contractual||Income and||This is only included
in the SOFA once the related goods or services have been||
|performance||related grants||delivered.||
|Gifts in kind||||Gifts in kind are accounted
for at a reasonable
estimate
of their value to the||
|||||charity or the amount
actually
realised.||
|||||Gifts in kind for sale or distribution
are included
in the accounts as gifts only||
|||||when sold or distributed
by the charity.||
|||||Gifts in kind for use by the charity are included
in the SOFA as inconing||
|||||resources
when receivable.||
|Donated services and||||These are only included
in incoming
resources
(with an equivalent
amount
in||
|facilities||||resources
expended)
where the benefit to the charity is reasonably
quantifiable,||
|||||measurable
and material.
The value placed on these msources
is the estimated||
|||||value to the charity of the service or facility received.||
|Volunteer|help|||The value of any voluntary
help received
is not included
in the accounts
and is||
|||||described
in the Trustees
Annual
Report.||
|||||~ '
~|||
|---|---|---|---|---|---|---|
|Note 2|Accounting|||policies (continued)|||
|EXPENDITURE|||AND UABIUTIES||||
|Liability|recognition|||Liabilities
are recognised
in the SOFA on an accruals basis as soon as there is||a legal|
|||||or constructive
obligation
committing
the charity|to pay out resources.||
|VAT||||VAT which cannot be recovered
is included
with|the expense to which
it relates.||
|Taxation||||As a registered
charity, the company
is exempt|from income and corporation
tax to||
|||||ths extent that income and grants ars applicabls|to charitable
purposes
only.||
|Governance||costs||Include costs ol the preparation
and examination|of statutory
accounts,
the costs of||
|||||trustee
meetings
and costs of any legal advice|to trustees
on governance
or||
|||||constitutional
matters.|||
|||||Resources expended
are allocated to particular|activities where the cost relates||
|||||directly to that activity.|||
|Grants|with|performance||Where the charity gives a grant with conditions|for its payment
being a specific|level|
|conditions||||of service or output to be provided,
such grants|are only recognised
In the SOFA once||
|||||the recipient of the grant has provided
the specified service or output.|||
|Grants|payable||without|These are only recognised
in ths accounts
when|s commitment
has been made|and|
|performance||conditions||there are no conditions
to be met relating to the|grant which remain
in the control of||
|||||ths charity.|||
|||||Support costs include
central functions
and have been allocated to activity cost|||
|||||categories
on s basis consistent
with the use of resources, e.g. allocating
property|||
|||||costs by floor areas, or per capita, staff costs by the time spent and other costs by|||
|||||their usage.|||
|Funds held||by|the charity|Funds
held are either:|||
|||||Unrestricted
general
funds —these are funds which can be used
in accordance||with|
|||||the charitable
objects at the discretion
ofthe Trustees|||
|||||Designated/restricted
funds —these are funds which can only be used for particular|||
|||||purposes
within the objects of the charity.
Restrictions
ariss when specified
by||a|
|||||donor or when funds are solicited on the explicit|understanding
that they
will be||
|||||applied to particular
restricted purposes.|||
##
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|||||||||||Total last|Total last|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||Analysis|||||funds|Income
funds|year|year||
||||||||6|6|6|6||
|Donations|and|||||||||||
|Legacies||Capital grants||||||617,797|617,797|542,|173|
|||Revenue|grants||||21 784||21,784|18,787||
|||||||Total|21 784|617797|639581|560|960|
|Charitable
Activities||Donations|received||||3087||3087|4|498|
|||Gift aid|||||188789||188789||987|
|||||||Total|191876||191 876|5|485|
|Investment|income|Income from trading|||subsidiaries||132332||132332|145|967|
|||Gain on Investment|||(Restricted|Fund)|||3 846|4,468||
|||Bank interest|||||4728||4 726|1|343|
|||||||Total|137058|3846|140904|151|778|
|Other incoming||||||||||||
|resources||Rental income|||||7,594||7 594|10|107|
|||CJRS (Furlough)||grant income|||13368||13,368|||
|||||||Total|20 962||20 962|10|107|
|Total Income (See||SOFA)|||||371,680|621 643|993323|728|330|
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|||This year|Last year|
|---|---|---|---|
|||Number|Number|
|Fundraising||||
|Charitable|Activities|||
|Governance||||
|Other||||
|Total||||
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|||Freeludd|Plant and|Outdoor|Total|
|---|---|---|---|---|---|
|||property|machinery|construction||
|||8||||
|Balance brought|forward|1 151998|177003|69988|1 398 989|
|Transfers||||||
|Additions||1 050,287|1 385||1 051 671|
|Revaluations||||||
|Disposals||||||
|Balance carried|forward|2202285|178388|69988|2450 660|
##
|$.2 Accumu|lated|depreciation
and|Impairment
provisions||||||
|---|---|---|---|---|---|---|---|---|
|||||Freehold|Plant and||Outdoor|Total|
|||||property|machinery||construction||
|Balance brought||forward||248 153|172,250||63647|484 050|
|Depreciation|charge for year|||20 900|4 231||1 826|26 957|
|Impairment|provisions||||||||
|Revaluations|||||||||
|Disposals|||||||||
|Balance carried||forward||269053|176|1|85 4'73|511007|
|LS Net book value|||||||||
||||Brought forward|903845|||6 341|91493$|
||||Carried forward|1 933232|1$06||4 515|1 939853|
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||||Shares in|Usted||Total|
|---|---|---|---|---|---|---|
||||group|irwestments|||
||||undertakings||||
|||||148|089|148091|
|||||3,846||3,846|
|||||2|668|2 668|
|Balance|carried|forward||154|603|154605|
||Brought|forward||148|089|148091|
||Carried|forward||1|603|154605|
##
|Amounts
falling|due within|Amounts|falling due after|falling due after|
|---|---|---|---|---|
|one year||more|than one year||
|This year|Last year|This year||Last year|
|368,758|236,437||||
|41|51||||
|368,799|236,488||||
##
|Amounts
falling|due within|Amounts|falling due after|falling due after|
|---|---|---|---|---|
|one year||more|than one year||
|This year|Last year|This year||last year|
|345 000|||||
|88,212|||||
|361,720|220 825||||
|1 075|2,507||||
|796,OO7|223,332||||
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|EHDC - Maintenance|EHDC - Maintenance||||Grant for landscape
maintenance
over 5 yearn|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|EHDC - Improvement|||||Grant for landscaping
improvements
(frontage|and||car|park)|||
|WstherDown|Lodge|2|||Donations
from various sources towards
New|Learning|||Centre|||
|Transfers|between||funds|||||||||
||||||Reason for transfer|||||Amount|(E)|
||||||This fund was kept
in an investment
fund,
Not|all||||2,400||
|Between unrestricted|||and restricted|funds|income was required
for the site management|and|burial|||||
||||||commitments.|||||||
||||||In line with the accounting
policy for Assets; Capital|||||1,050,287||
||||||Grants s one off transfer was made from restricted|||to||||
|Between restricted||and unrestricted||funds|unrestricted
funds
on capitalisation
of expenditure|||in||||
||||||relation to WetherDown
Lodge 2 (New Learning|Centre)||||||
|Between unrestricted|||and designated|funds|Operational
Costs have decreased,
therefore
months
reserves
have also decreased.|the|2|||13,026||
|Between unrestricted|||and designated|funds|These funds have been chosen to be designated
trustees
and
will be used on excpetional
items||by ths|||187,500||
|Designated|funds|||||||||||
||||||Pu
ose ofthe desi
nation|||||Amount||
||||||These funds are held in accordance
with our policy|||to||57,024||
|General Reserves|||||hold 2 months
operational
costs in reserve to|ensure||||||
||||||financial
and o erstional
stability.|||||||
||||||These funds ars held following a decision by the|||||187,500||
||||||trustees to ensure
any exceptional
items can|be mst.||||||
|Gift Aid on NLC Donation|||||The funds arose from a gift aid claim on a large|||||||
||||||donation
in respect of the new learning
centre|||||||
##
|Note 14
Related Party Tran|Note 14
Related Party Tran|sacfions|sacfions|sacfions|||
|---|---|---|---|---|---|---|
|Balance outstanding
to Earthworks||Foundation|||Limited:||
|Opening
balance (01/01/20)||||||5220,824|
|Plus: Committed
Donations
to|Foundation|||in year||6129,226|
|Less: Cash Transferred
During|the|Year||||&11670|
|C(osing Balance (31/12/20)||||||6361,720|
|Balance outstanding
from South Downs||||Natural|Burial Limited:||
|Opening
balance (01/01/20)||||||5235,593|
|Donations
from SDNB Limited|in year|||||5132,332|
|Less: Cash Transferred
During|the|Year||||612|
|Closing Balance (31/12/20)||||||9367,913|
|Balances outstanding
from Wood4Heat|||Limited:||||
|Opening
balance (01/01/20)||||||5845|
|Donations
in year||||||50|
|Closing Balance (31/12/20)|||||||
|Note 15
Ultimate
Controlling||Party|||||