Charily No Cotnpany 1079866 Earthwork$ Trust Llmlted 03011755 CC17a Audltèd Flnanelal Statèmants for thè pèrlod Pèriod start 01-Jan-22 To PÈriod ènd 31-Dè¢-22
Charity No Cotnpany 1079866 Earthwork$ Trust Limited 03011755 CC17a Audltèd Flnanelal Statèmènts lor the perlod Period gtart 01-Jan-22 Period end 31-Dee-22 Important information Th8 trust885 who are also thg dirtorS ol thè charity for thè purpo$g& ol the Cofflparhies A¢t 2006 8r8 as follows= Mr H M Clarke Mr J R Saulet Mr J Lane Mr C R Hlllyer Ms A F Carey Ms S E Marshall Ms J Mckenzle MrPCox Mr AJ Cohen Mr P A Clnlg110 Rgglst8r•d Oflleg= The Sustalnablllty Centre Droxford Road East Meon Petersfleld Hampshlre GU32 1HR A¢¢ountants'. Trlple Bottom Llne Accountlng Llmlted The Enterprlse Centre Unlverslty of East Anglla Norwlch NR4 Bankèr$'. The Co-operallve Bank PO Box 250 Skelmersdale WN8 6WT Indèp8nd8nt Audltor- AJ Bennewlth & Co Chartered Accountants 3 Wey Court. Mary Road Gulldford Surry GU1 4QU Senlor mombèr of $tatt In eharga of day to day op8ratlon$'. M$ C M Seaward
Charity No 1079866 Earthworks Tru$t Limited (OMMISSION Company No Audlt•d Flnanclal Statèmants for the pèrlod Period start 01-Jan-22 Period end 31-Dee-22 03011755 CC17a Contents Page Roport ol the Trusteos 1108 Stalèmènl ol Trustèès, Rèsponsibililes Auditor's Rèport 101013 Statement ol Finan¢ial Activities 14 Balaneè Shoel 1510 16 Statèmènt ol Cashllows 17 Nolos lo the Finan¢ial Stalomenls 181030
Charity No 1079866 Earthworks Trust Limited COMM Cotnpany No Audlt•d Flnanclal Statèmants for the pèrlod Period start 01-Jan-22 To Period end 31-Dec-22 03011755 CC17a Report of the Trustees R•tèrèncè and admlnlstratlvo d8ts11$ Charity number 1079866 Company rogistralion number 03011755 Registorod Offi¢o'. Thè Sustainability Contro Droxford Road East MÈon Peterslièld Hampshirè GU32 1 HR Thè trusteos who are also the diroelors ol thè eharity lor the purposes ol tho Companiès A¢t 2006 are as follows.. Mr H M Clarke Mr J R SaLJlel Mr J Lanè Mr C R Hillyer Ms A F Carèy Ms S E Marshall Ms J Mckènziè MrPCox Mr A J Cohèn Mr P A Ciniglio A¢eountants= Triplg Bottom Line Aeeounting Limited Thè EntÈrprisè Cèntro Univèrsity ol East Anglia Norwich NR4 7TJ Bankers= The Co-opèrativè Bank PO Box 250 SkèlmÈrsdale WN8 6WT Indepèndonl Auditor-. A J Bonnewith & Co Chartèrèd Aeeountanls 3 WÈY Court, Mary Road Guildlord Surry GU1 4QU Sonior membor ol staff in ¢hargè ol day to day operations.. Ms C M Sèaward
Charity No 1079866 Earthworks Tru$t Limited Company No Audltèd Flnanelal Statam•nts for thè erlod 03011755 CC17a Period start 01-Jan-22 Period end 31-Dec-22 Report of the Trustees (Continuedl l. Trustees Report Trustèès Rèport ThÈ Trustees pres6nt thèir rèport along with thè financial statèmÈnts ol thè Charity for thè yÈar Èndèd 31 Dècèmbèr 2022. ThÈ financial statemènts eomply with thè charity's trust deed, thÈ Charities Act 2011 and Accounting and Rèporting by Charitiès.. Statement of RècommÈndÈd Pra¢ticÈ applicable to eharitiÈs preparing thèir a¢¢OLJnts in accordancè with thè Finan¢ial Rèporting Standard lor smallèr ènlitigs leffè¢tiVo 1 January 20151. 1. l Obje¢tlve$ ol the Charlty The mission statèmènt ol Earthworks Trust is.. lo damonstrata, davelop andpromota knowIge, sklll$ And Ilfaslyles Ihat Impmva peopl•$ qu811ty ofllfg wlthout damaglng the local orglobal envlronmant. lo ba a dynamlc for¢0 for ¢hange, ¢reatlng enjoyablo pro¢tl¢al learnlng experlen¢e$ lor envlronmenlolly $usIAln8bla Ilvlng In pursuing this mission, we wèleomè familiès and schools., professionals and spè¢ial intorost groups,. ¢hildrèn and young oplè., adultloarnèrs,. Casual visitors, and simply anyonè with an interÈst in what wè do. Wè nurturè pèoplè and ideas and in an in¢rèasingly un¢ortain world, wè aim lo providè positive mèssagès and praeli¢al solutions lor dynami¢, ¢rèative Change. 1.2 Publ1¢ Benellt The Charity manages its site and odu¢ation programmes and assets to maximisè public bonèlit in thè dèlivory ol its mission. Thè 55 acre sito is managgd to benèlil biodivorsily and poople. Visitors are wèleomè to onjoy tho grounds al no chargè. In thè dèlivèry ol our mission statèmènt wè aim to managÈ OLJr land, our Charity and our bLJsinèssÈs as working èxamplgs of sustainability. Wè practicè and promotè SLJStainability as a pro¢Èss ol making dècisions which balaneè èconomic, soeial and ènmronmonlal la¢lors lor positive bonèlit. Wè work in partnèrship wilholher organsalions and projè¢ts who support our èthos and aims. This in¢ludès on silo partnorships with SMES and other ¢haritiès. Our procLJfomonl poli¢y means that wè aim lo support tho oeonomy ol our locality working with loeal promdors and sorvi¢es. ThÈ Charity dèlivèrs lÈarning opportunitiès lor young pèoplè and adult lÈarnèrs throLJghoLJt thè yÈar. WÈ offèr opportunitiès for voluntèèrs to support thÈ work of thÈ Charity in a varièty of ways. This ineludès practical hands-on tasks, SLJPPOrt to olli¢e and adminislralion as wèll as Trusteos and advisors. Our Education programmÈs havè boLJn¢èd baek as from SÈptèmbèr 2022 as ÈxpÈetÈd, Mth small group work and spècial Èducation sèÈing a risÈ in dèmand. Naturè thèrapy, our outdoor volunteoring programmo, and adult ¢oursoS took pla¢0 with rÈdu¢èd groLJP until rÈstrietions wèrè fLJlly liltèd.
Charity No 1079866 Earthwork$ Tru$t Limited (OMMIWON Cornpany No 03011755 Audlt•d Flnanclal Statèmants for the èrlod CC170 Period start 01-Jan-22 Period end 31-Dec-22 Report of the Trustees (Continuedl 2. Achièvement and Pèrformanc•- Ebrthworks Trust, Charity no 1079866 The Charity maintains thè land and property at thè Sustainability Cènlro and ils roeèipts consist mainly ol rènt,. covènantèd donations from thÈ South Downs NatLJral BLJrial Silè,. and donations from othèr ehariliès, grant giving organisalions and individuals. A nLJmbèr of signifieant eapital projèets rèmain in dèvèlopmÈnt as thèy wll rèly hèavily on su¢¢Èsslully attraeting èxtèrnal grant aid or funding. Thèrè is a prèssing nÈèd to undèrtakè major capital improvÈmonl works to our main building to rèpair, updatè improvè facilitiès and sÈrvicÈs. WÈ havè also idÈntilièd thè neod to invest in rèducing our onèrgy and C02 ¢onsumption and loolprinl. 2.1 Kay Aetlvltlès This yèar has sèèn Thè SLJStainability Cèntrè IoeLJS on building on thè suceèssès ol SLJrviving thÈ pandÈmie. Thè major Èeo rÈtrolit works to Crèatè èxtÈnd our ovèrnight accommodation facilitiès was eomplètèd and lully opÈnèd lo guèsts and groups. Wo have revièwèd our priorities and strategi¢ plan. Partnorship working and dèlivÈry ol services in partnership with others enablgd us lo dovelop and doliver some OLJtrÈaeh and onlinè sèrvieès. Thè Charity has idèntiliod limitèd s¢opo lor growth until additional indoor spa¢e is built. 2.1.1 GovÈrnancè Welcomed one new Trustee to The Board to broaden skills and expetti5e available to th8 Charity One long-standing Trustee retired as a Trustee Acknowledged the valuable contribution rnade by Chaii and Vice Chair of The Board Continued to deliver quality outputs in accounting and repotting to the Board of Trustees Continued to maintain high standards of scrutiny and managernent of the Chaiity and its associated ntÈrprisès and assets 2.1.2 Social Continued to support and delivei learning opportunitie5 in an irnaginativ8 and creative way to deliver th8 aims of thè eharity Enabled and supported teachers and leameis to gain new skills and understanding of sustainability Re-built core activities following challenges of the corona virus pandemic, whilst rnaintaining standards Offered a quality experience to volunteers Offered training opportunities for adults through our courses programtn8 Provided a quality bespoke service to bereaved families seeking natural burials Worked in partnership with others to achieve shared goals and develop mutual interests Welcomed groups and individuals to enjoy our campsite with full unrestricted service resutned Attended a variety of cotnrnunity and business event5, both in person and online to showcas8 Th8 Sustainability Cèntrè and Èco rÈtrofit works Supported the learning and developtnent of our own staff and volunteer5 Continued to maintain and develop partnership working both on-site and off-site with enteipiises and stnall businèssès that Ènhaneè thè aims ol thÈ charity
Charity No 1079866 (HARnY IOMM Earthwork$ Trusl Limiled Company No Audited Financial Statements for the eriod 03011755 CC17a Period start 01-Jan-22 Period end 31-D8c-22 Report of the Trustees (Continued) 2.1 Key Activitie$ Cont. 2.1.3 Environmental Continued lo manage our site lo maintain and 8nhanc8 its biodiversity Provided opportuniti88 for people to appreciate the natural beauty of our site and surrounding ar88 of the South Downs National Park Worked in Partn8rship with South Downs National Park to support proj8Cts and initiatiV8S through their Sustainable Communities Grant Fund Off8r8d advice to community project8 8nd oth8r organisations about organisational dev81opm8nt, practicAI solutions and retrofit of the built environment Provided acces8 to visitors lo our 55 acre Site Continued lo maintain consideration of the impact of our own activities on the local and global environment 2.1.4 Capital Improvement Programme Our planned programme of capital improvements works continu8S to mov8 forward wth two major buildings needing a complete update and refurbishment. Major capital works lo the South Downs Eco Lodge were completed in 2021. Further funds are being sought lo support the rest of the capital improvement prraMMe. Fundraising is a priority to enable further works to begin soon. The implementation of these works will enable the Charity to deliver improved and increased services 2.1.5 Training and Development Training 8nd skills d8velopment in th8 environmental and sustainable development sector continues to b8 an important area. Demand for bookings for schools, courses and bush(%aft activit18s continues. The und8rfying trend continues to show a steady demand. The John Muir Award progr8mme continues to be delivered her8 and is a flagship for the South Downs National Park. Additional w811being prograrnmes hav8 been provided to small groups of adults and young p80pI8. We continu8 to develop partnerships and n8tworks to support our specialist and short residential courses. 2.1.6 Growth and Development Under 18s Education Programm8 continues to b8 much in d8mand both for day vi81t8 and r8sid8nlial courses. Our priority capital improvement project seeks to respond to this need by providing a dedicated nder 18s learning zone. The Young Natural Ambassadors Programm8 continues to b8 SUPPOrted by a bursary to support the training of und8r 25,8. Additional funding continu88 to be sought to extend this much valu8d prraMMe. Our programm8 for adull188rning has b8en developed further 80 we are ab18 to offer a greater variety of short courses. Online bookings and improved marketing support high levels ol bookings. Accommodation bookings continue to show a steady demand. The completion of th8 eco r8trofit of the east wing of The South Downs Eco Lodge extends the overnight accommodation options for groups, individuals and eco tourism and delivers on an important element of our vision lor growth. An integrated marketing and promotion81 stratY continues to foster shared mark8ting across the organisation has been achieved. Our website continues to be designed and administered in-house and grows alongside our own development.
Charliy No 11)79866 Earthworks Trust Lirniled Company No Audlted Flnanclal Statements fort pÈrlod PÈriod start 01-Jan-22 Peri end 31-Det-22 03011755 CC17a Report of the Trustee5 Iconlinuedl 3. Portnershlp worklng ThÈ Susiainabilily CÈntrÈ continues 10 work in partnÈrship wth a number ol organisaiions thai arÈ housed on sile 10 extend the reach ol our own capacity. Their aims and key activities contribute somÈthing significant in addition 10 our own activities and programmes. WÈ nurture and support the devÈlopmeni ol small businÈsses who share our Èthos and values. Fltzroy Rural Skllls Proleet- a social enterprise project 10 Èngage adults With learning disabililiÈs in practical work-based actsvilies Beech Cafe- Organic, fair-trade tale and caiÈrÈ . ERS- Event seCes Managementfor Recycling and re-use 4. South Down$ N8iur8lBurlals South Downs Natural Burial SilÈ continuÈs 10 be a major contributor ol funds this yÈarwith £376,070 covenaniÈd 10 Earthwotks Trust. The site is highly regarded and the seNice given by the staff contributes to the site's recognition as an Èxemplar 5. Slatemeni ol Trusiee$'Respon$AbAlllle$ ThÈ Trustees a wuired lo prepare accounts for each linantial year, which give a true and fairview of thÈ staiÈ ol affairs ol the charity as at the Ènd of thÈ financial year and of thÈ surplus ordelicil of the charity lor the period. In preparing those accounts, the Trustees are required to". select suitable a(Lounting policies and then apply Ihern nSIStentlY make judgetnents and estimates that are reasonable and prudent bserve the methods and principles in the Charity SORP keep proper accounting records, which disclose wilh reasonable accurdcy at any tirne the financial position of ' arrange for the preparation of aCUnts on the going concem basis unless it is inappropriate lo presutne that the charilywill continue in the business name ' safeguard the assets of the charity and take reasonable steps for the prevention and detection of fraud and other irregularities Guldlng Prlnclples of Governance 1. Organlsatlonal purpo$e- The board is dear about Ihe charity's aitns and ensures that Ihese are being delivered effectively and sustainably 2. Leadershlp- Every charity is led by an effective board Ihat provides strategic leadership in line Ihe charitys aims and values. 3. Iniegrlty-The board acts wlh inlegrily. It adopts values, applies elhi(21 principles to achieve the chariws purpose. The board is aware of Ihe ImrtanCe ofthe public's confidence and trust in charities. It reflects the charitys ethics and values in everything il does. The trustees undertake their duties Ihis in rnind. 4. Deelslon-maklny, rlsk and conirol- The board rnakes sure that ils decision-making processes are infortned, rigorous and Iitnely and thai effective delegation, control and risk assÈssmÈnt and management Systems are sei up and monitored. S. Board effectlveness-The board works as an effective teatn. using the appropriate balance of skills, ÈxpÈrience, backgrounds and knowledgÈ to make informed decisions. 6. Equallty, dlverslty and Incluslon-The board has a clear, agreed and effective approach to supporknng Èquality. diversity and inclusion throughout the organisation and in it is own practice. This approach supports good govemance and delivery of the organisation's charitable purposes. 7. Onne$S and aceountablllty- The board leads the organisation in being transparent and accountable. ThÈ tharity is oppn in its work, unless there is a good reason for il not 10 be.
Charity No Cotnpany 1079866 Earthwork$ Trust Limited 03011755 CC178 Audlt•d Flnanclal Statèmants for the èrlod Period start 01-Jan-22 Period end 31-Dec-22 Report of the Trustees (Continued) 5.1 Structuro, govèrnan¢• and managèment 5.1.1 Constitution ThÈ Earthworks Trust is Charity No. 1079866 govÈrnèd by a Trust Dèèd. Earthworks Trust Ltd is a Company No. 03011755 govèrnèd by its MèmorandLJm and Articlès ol Association. Evèry nÈw Trustèè is providÈd with copiès of thèsÈ opèrational doeLJmènts. No ehangès in thè objèdivas havè OCCLJrrÈd sincÈ thÈ last annual rèport. ThÈ kÈy objèetivÈ is ènvironmèntal èducation and is ènhaneèd by thÈ many practical dèmonstration arèas on sitÈ'. èco-rènovatèd and nèw buildings, rènèwable le¢hnology, tho managemonl ol ¢onsorvalion habitats and gardèns, and woodland resloralion. The Trustees confiirn that they have referred to the guidance contained in the Chaiity Cotnrnission's general guidance on public benefit when reviewing the Trust's aitns and objectives and in planning future a¢tivitlOS. 5.1.2 Equal Opportunity ThÈ Trustèès eovÈr a Mde range ol agès and skills and WÉ continu6 to work towards éxtènding a divèrse groLJP of individuals, thinking styles and a balancèd divèrsity. Thè TrustèÈs carry OLJt an aLJdit of skills from limÈ to timè and continuÈ to èncoLJragÈ thè inclusion ol voluntèèrs in thÈ broad mix ol skills nèÈdèd lo devèlop thè work. Training is providèd to dèvÈlop thè morè traditional bLJsinèss, prolÈssional and educational skills that are gÈnèrally providod by thè Trustèes and staff. 5.1.3 PolieiÉs and Risk ManagèmÉnt A handbook providing policy and opèrational guidancè is providèd to all voluntèèrs, stall and TrustÉès. Risk assessmènts, health and safèty, food hygienè and indLJetion training arg providèd by staff. Funding lor training is sought to dèvèlop bèst praeticè and skills dèvèlopmènt. As an on-going procÈss thÈ Trustèès, throLJgh thè Exècutivè Group, assèss thè lÈvèl ol risk in rèlation to govèrnaneè, sèrvicè dÈlivèry, employmènt. hÈalth and safety, ehild protedion, financial managèmènt and information managèmènt. Tho Trustèès kèÈp LJndÈr rèvièw thè major stratègic businÈss and opÈration risks that thÈ charity and company lacÈ and ènsurÈ that monitoring systèms havè bèèn Èstablishèd so that thè nèeèssary stèps can bè takèn lo lessen risks. 5.1.4 Managemgnl and Organisalion Structure Managèmènt ol thè Trust, thè trading arm ol thè Earthworks Foundation and SoLJth Downs Natural Burial Sitè continuès in a consolidatèd fashion. Managèmènt of all thrèè entitiÈs is dong cÈntrally LJndÈr thè umbrella of Thè SLJStainability Cèntrè. Thè Trustèès mèèt bi-monthly and arè rèsponsiblÈ for thÈ stratègi¢ dirèdion and overview ol thè work ol thè Charity. Thè Chair ol thè Trust liaisÈs with a sènior mèmbèr of staff in ordèr to oversèè thè managèmènt of thè Charity. A nominatèd Executivè CommittÈè continuès to mÈèt èvèry month to liaisè with thè board of DirÈetors and kèy staff to maintain a ¢lose working rèlationship with thÈ Company and strèamlinÈ thè dÈeision making procèss. During this pèriod Jèff Lanè eonlinuèd in his position as thè Chair ol tho Board ol Trusteos and Colin Hillyèr eontinuèd as Vieè Chair.
Charity No 1079866 Earthworks Trust Limited (OMMIS510 Company No Audited Financial Statements for the riod 03011755 CC17a Peri start 01-Jan-22 Period end 31-Dec-22 Report of the Trustees (Continued) 5.1.5 Appointment of New Trustees A skills audit assesses skills and training ne8ds in lin8 Wlth priority activities within the business plan. The appointment of new Trustees is undertaken in accordance with adopted guidelines and procedures. This includes application, induction, probationary period and formal adoption as a member of The Board. 5.1.6 Review ol Financial Position We aim to.. Be self-funding from our own activities Undertake growth in a sustained and planned manner Practise and promote sustainability as a process of making decisions which balance economi¢, social and environmental factors lor positive benefit. The Charity maintains the land and property at the Sustainability Centre. Ils receipts consist mainly of Rent receipts for buildings and land occupied by tenant partners Covenanted donations from the South Downs Natural Burial Site. Income from Eco Lodge and camping Donations from other charities, grant giving organisations and ¢on¢erned individuals Our dependence on external grant funding remains reduced. However, any expansion of revenue costs remains a challenge and therefore a limitation. A number of significant projects remain in development as they will rely heavily on su¢c8ssfully atlra¢ting external grant aid or funding for capital projects. 5.1.7 Reserves Reserves are managed in accordance with the Reserves Policy of the charity which is integrated into the budget Setting and managem8nt processes. The Charity holds the following Funds.. Reserve Funds.. Unreslricled Reserve t187,500 these funds are held in the Co-op deposit account Unreslricled Reserve t72,000 las at 31st December 20221 These funds are held in accordance with our policy to hold 2 months operational costs in reserve lo ensure financial and operational stability. These funds ar8 held in CCLA'S charities deposit fund. Unreslricled Reserve £113,254 las at 31st December 20221 This is allated for essential future spending lo meet futur8 sile management and burial commitments arising from pre-sold plots on the South Downs Natural Burials Site. These funds ar8 held in CCLA'S charities investment and fixed interest funds. CCLA manage funds for charities, large and small. Their funds are d8signed to be used on their own or in combination to match our charity's individual r8quirem8nts.
Charity No 1079866 Earthwork$ Trust Limited COMMISS Cotnpany No Audlted Flnanclal Statèmants for the èrlod 03011755 CC17a Period start 01-Jan-22 Period end 31-Dec-22 Report of the Trustees (Continued) Rèstrictèd FLJnds'. Total Sum £91,455 las at 31 st DècÈmbèr 20221 This is allocatèd for èssèntial ILJtLJrè spènding to méèt futurè sitè managèmènt and burial ¢ommilmonts arising from prè-sold plots on thè South Downs Natural Burials Sitè. These funds ar8 held in CCLA'5 charitie5 inve5trnent and fixed interest fund5. 6. Grant$ and Donallon$ Thè TrLJSt has rècèivèd a numbÈr ol grants and donations during this poriod in¢luding sponsorship ol kèy events and ¢apilal projè¢ts. Theso in¢lude.' Capital Build Grant £62,400 Gift Aid.. £106 Gènèral Donations.. £8,620 to support edu¢alion proje¢ts and lo ènhaneè facilitiès and sèrvi¢es Omi¢rom Grant.. £2,667 7. Fulura Plans The Charity aims lo.. Uphold its corè aims and principlès going forward Rè build our servi¢ès lo thoir former levèls prior lo thè pandèmi¢ rèstrictions Intègratè growth and devèlopmènt in a sustainablè mannor Idèntify opportunitiès to dèvèlop and showcaso Its aims in projè¢tslpartnèrshipslprogrammes Thè principal growth arèa lor IhÈ charity in thè forthcoming pèriod will bè complÈting a phasèd eapital improvÈmÈnts programmè to thè built inlrastrLJetLJrè. hè priority has bèèn idèntiliÈd as thÈ Èeo-rètrolit ol our Èxisting accommodation bLJilding followèd by thè èdLJeation and administration building. Planning approval has bèèn grantèd lor thèsè works. Alongside this wè wll neod to in¢rèaso our ¢apa¢ity lo raiso funds from extèrnal soureès. Extending and dèvèloping sèrvicès and partnèrships to SLJPPOrt wèll-bèing and naturo therapy sèrviees, longsidè our immèrsivè èducation programmÈs is also prioritisèd. On Bèhalf ol tho Trustèès Mr J Lano Chair of Trusteos
Charity No 1079866 Earthworks Tru$t Limited (OMMIWON Company No Audlted Flnanclal Statèmants for the èrlod 03011755 CC17a Pèriod start 01-Jan-22 Period end 31-Dec-22 Trustees responsibilites in relation to the Financial Statements The charity tiustees are responsible for preparing a trustees. annual report and financial statetnents in ac¢ordan¢È Mth applieablè law and Unitod Kingdom A¢¢ounling Standards Iunited Kingdom Gènerally Accepted Aeeounting Practieèl. Thè law applicablè to charitiès in England and Walès rèquirès thè Charity trLJStèès to prÈparè financial statèmènts lor èach yèar which giv6 a trLJè and fair vièw of thè statÈ ol thè affairs ol thè Charity and ol thè incoming rÈsoureès and application of rèsoureès, of thè eharity lor that pÈriod. In prèparing thÈ financial slatomonts, thè trusteos aro required to.. sèloet suilablg aeeounting policiès and then apply thom consislènlly., obsÈrvè tho methods and prineiplès in the appli¢ablè CharitlOS SORP., makè judgèments and ostimalès that are rèasonablè and prudÈnt., statÈ whÉthèr applicablè accounting standards havè bèen followèd, SLJbjèct to any matèrial dèparturÈs disclosèd and oxplainéd in tho linan¢ial slalèmènts., prèparÈ thè financial statèmènts on thè going eoncÈrn basis Ljnlèss it is inappropriatè to prèsLJmè thè charity will eontinu? in businèss. Thè trustèÈs ars rèsponsiblé lor kèèping propèr aeeounting rècords that disclosÈ with rèasonablè accuracy al any timè thè financial position of the Charity to enable thÈm to ènsurÈ that thè financial statemènts eomply with thè CharitiÈs Aet 2011, thÈ applicablè Charitiès IA¢¢ounts and Rèports) RègLJlations, and thè provisions ol IhÈ TrLJSt dèèd. ThÈy arè also rèsponsiblè lor safèguarding thÈ assèts ol thè Charity and taking rèasonablè stops lor thè prèvgnlion and dètèction ol fraud and othor irregularitiès. The trustèes are rèsponsiblo lor tho mainlènan¢è and intègrity ol tho ¢harily and linan¢ial information included on the charity s website. Legislation in the United Kingdom governing the preparation and dissèmination ol linan¢ial statements may differ fromlggislalion in othèr jurisdictions. On Behalf ol the Trustoes MrJLan Chair ol Trustèès
Charity No 1079866 Earthworks Trust Llmltèd Company No 03011755 tatements for the perlod To Period end 31-Doc- CC17a Audlted Flnanclal Poriod start 01-Jan-22 Report of the Independent Auditors to the Trustees of Earthworks Trust Limited Oplnlon Wo havo audited the financial 8latomenls ol Earthwork8 Trust Mited Itho'charilable companVI lor the year ended 31 December 2022 which comprise the Slalemeni ol Financial Activities, the Balance Sheet, the Cash Flow Slalemenl and notes lo the financial 8iaiÈmenls, Including a summary ol significant accounting poIIcio8. The financial reporting framework Ihal has been applied In their prÈparalion is applicable law and Unitod Kingdom Accounting Standards (United Kingdom Genorally Acceptod Accounting Practice). In our opinion the finanal stalement8'. givo a true and lair view of the slate ol the charitable company's affairs as al 31 December 2022. and of ils incoming resources and application ol resourcos, Including 118 income and expenditure, lor tho year thon onded., havo been properly prepared In accordanco with United Kingdom Generally Accepted Atcounling Practice., and havo been propared in accordance vAth the roquiremenls ol the Companies Act 2006. 8asls for oplnlon Wo conducted our audit in accordance With International Standards on Auditing IUKI IIASS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor'8 responsibililios for the audit of the financial slalemeni8 8QClion of our roport. We are indopendenl ol the charitable company In atcordance with the ethical requirements that aro relevant lo our audit of the financial statements in th& UK, Induding the FRC'S Ethical Standard, and w& hav& fulfill&d our other ethitAI responsibilitios In attordance with these requiremonts. We believo that the audit ovidenco we have obtained is sUffIent and appropriate to provide a basis lor our opinion Concluslons relatlng to golng concem In auditing the financial 81at&ments, we have conclud&d that the Iruste8s' use of the going concèrn basis of actounling in the preparation ol the financial statement8 is appropriate Ba8od on the work we have performed, we have not identified any maiorial uncerlainlies rolaling to events or conditions thai, individually or collectively, may ca81 significant doubl on tho charitable company's ability to continue as a going concorn lor a period ol al least twelvo months from when the financial slaloments are aulhorised lor Is8UQ. Our re8pon8ibililies and tho respOnsilItIeS of the Iru8leo8 With respect lo going concorn aro described in the relevant sections ol this report Other Informatlon The Iru8leo8 are responsible lor the other information. Tho other information comprises tho information included In the Annual Report, other than tho financial statements and our Report ol the Independont Auditors thereon. Our opinion on the finanal stalemenl8 doo8 not covor the olhor information and, except lo tho exlenl otherwise oxplicilly slalod In our report, we do not express any form ol a88urance conclusion thereon. In connection with our audit ol tho financial statements, our responsibility is to read tho other information and, in doing 80, con8idor whether the other information is materially inconsi8loni with the financial statements, or our knowledgo obtained in the audit or otheiS0 appear8 10 be materially misslaled. 11 we identify such material inconsi8loncie8 or apparent material misstalemeni8, we are required lo doiormine whether thi8 gives rise 10 a material misslalemont In the financial slalemonts Ihemselvos. If, based on the work wo havo performod, we conclude thai there is a maiorial mis8iatemenl ol thi8 Olhor information, we are required 10 report that fact. We have nothing 10 report in this regard.
Charity No 1079866 Earthwork$ Trust Limited Cotnpany No Audlted Flnanclal Statèmants for the èrlod 03011755 CC178 Period start 01-Jan-22 Period end 31-Dec-22 Report of the Independent Auditors to the Trustees of Earthworks Trust Limited Oplnlons on othor mattèrs pr8$crlb8d by thè Companlès Act 2006 In our opinion, basèd on the work undèrtakèn in thÈ COLJrsè of thè audit.. thÈ information givèn in thÈ Rèport ol th6 Trustèès lor thè financial yèar lor which thÈ financial statèmènts arè prèparéd is eonsistènt with thè financial statèmènts., and IhÈ Rèport ol thè TrLJStèès has bÈèn prèpared in a¢¢ordan¢e with applicablè lègal rÈquirÈmÈnts. M8ttar$ on whlch wo aro requlrèd to rèport by gxeaptlon In thè light ol thè knowlèdgg and undèrstanding ol the ¢harilablè eompany and its ènvironment obtained in the ¢ourse ol thè audit, wè havè not identifièd matèrial misslalèmènls in thè Rèport ol thè Trusteos. Wè havè nothing to rèport in rèspoet ol tho following maltors whoro the Companigs A¢1 2006 rèquirès us lo report lo you il, in our opinion.. adèquatè aeeounting rècords havè not bèsn kèpt or rèturns adèquatè lor our audit havè not bèÈn rÈeèivèd from branches not visitèd by LJS., or IhÈ financial statèmènts ar8 not in agrèemonl with th aeeounting rèeords and rÈturns', or certain disclosures of trust88s' rernuneration specified by law are not madè., or we havè not roeèivèd all thè information and èxplanations wo rèqLJirÈ for our aLJdit,' or thÈ trLJStèès wèrè not èntitlÉd to takè advantagÈ ol tha small companiès, èxèmption from thè rÈquirÈmÈnt to prèparÈ a Strategi¢ Rèport or in proparing thè Roport ol the Trustèes. Rosponslbllltl8$ of trust•e$ As explained tnoie fully in the Statetnent of Tru5tees' Responsibilities, the trustee5 (who are also the dirèctors ol thÈ Charitablè company lor thè purposès of company lawl arg rèsponsiblÈ lor thè prÈparation ol the financial statèmènts and for bèing satisfiÈd that thèy givè a truè and fair VIÈW, and lor SLJeh intÈrnal control as thè trustèÈs dètèrminè is nècèssary to ènablÈ thè prèparation ol financial statements that are freè from matèrial misstatèmènt, whèthèr duè to fraud or èrror. In preparing the financial statements, the tiustees are iesponsible foi assessing the charitable company'5 ability to eontinLJè as a going concÈrn, disclosing, as applicable, mattèrs related to going concern and using the going Concèrn basis of aeeounting unlèss thè trustÈès èithèr intènd to liquidate thè eharitable ¢ompany or to eèasÈ opèrations, or havè no rèalistic altÈrnativÈ but to do so. Our rasponslbllltlès for thè audlt of thè tlnanelal statèmant$ Our objèctivès arè to obtain rèasonablè assurancè about whèthèr th6 financial statèmènts as a wholè are frèè from matèrial misstatèmènt, whèthèr duè to fraud or èrror, and to issuÈ a Rèport of thè IndèpèndÈnt Auditors that ineludès our opinion. Rèasonablè assurancè is a high lèvèl ol assurancè but is not a guarantÈè that an audit eonduetÈd in a¢cordancÈ with ISAS IUKI will always dÈtÈet a matèrial misstatément whèn it èxists. MisstatÈmènts can arisÈ from fraud or èrror and arè considered matÈrial il, individually or in the aggrègatÈ, thèy eould rèasonably bè èxpè¢tèd lo inlluen¢e thè è¢onomi¢ doeisions ol usèrs taken on the basis ol thèsè financial statÈmÈnts. The exlonl to whi¢h our proeedurgs ¢an dele¢t irrogularitlos, ineluding fraud is detailèd bo10w'.
Charity No 1079866 Earthwork$ Trust Limited Cotnpany No Audlted Flnanclal Statèmants for the èrlod 03011755 CC178 Period start 01-Jan-22 Period end 31-Dec-22 Report of the Independent Auditors to the Trustees of Earthworks Trust Limited Wè obtainèd an undèrstanding ol thè lègal and règulatory framèworks that arg applicablè to thè Èntity and dètèrminÈd thÈ most significant arg thosè that rèlatÈ to FRS 102 SORP, pension laws and règulations, salariès and wagès laws and rÈgulations and tax règulations. We assessod the risks ol material misstatement in rÉspècl ol fraud as follows.. Enquiries madè ol managÈmÈnt and thosè ehargad with goveraneè as wèll as thÈ sÈrvicÈ organisation in rÈlation to payroll sèrvieès Analytical procÈdurès wèrè usèd to idonlify il there wère any unusual or Ljnèxpèctèd rèlationships Discussions with managèmènt to idèntify any fraud risk factors ol related party rèlationships and transactions BasÈd on tha rÉsults ol our risk assèssmènt wè designed our audit pro¢odur?s lo identity non-¢omplian¢ with SLJeh laws and rÈgulations idèntifièd abovè. EnqLJiriès wèrè madè ol managÈmÈnt and thosè ehargèd with govÈrnancÈ. Wè eorroboratÈd OLJr Ènquiries through thè rèvièw ol Board minutÈs and othèr papÈrs providÈd. Thèrè was no eontradictory èvidèncÈ. Wè eonsidÈrÈd thÈ risk ol fraud through managèmènt ovarridè, and, in rèsponsè, wa incorporatad testing ol manual journal èntriÈs into our audit approach. We tested yèar ènd journals as wèll as journal èntries throughout thè yèar. Thoro Woro no transactions identifièd outsidè thè nomal ¢ourse of businoSS. BasÈd on tha rÉsults ol our risk assèssmènt wè dèsignÈd our audit procodurès lo idÈntify and to addrèss material misstatÈmÈnts in rÈlation to fraud. Wè incorporatèd an èlèmènt ol unprèdietability in IhÈ sÈlèction ol the naturè, timing, and exlonl ol audit proeèduros. WhèrÈ transaction mèèting risk critoria were idonlilied, wè ¢arried out furthèr work such as additional testing to source information. A lurthÈr dÈseriplion ol our rèsponsibilitiÈs lor the audit ol IhÈ financial statèmènts is loeatèd on thè Financial Rèporting Council's wèbsitè at www.Ir¢.org.uklaudilors responsibilitlos. This dos¢ription forms part ol our Rèport of thè IndèpèndÈnt Auditors. Usg of our report This report is madè $01oly lo tho ¢harilablè ¢ompany's mèmbers, as a body, in a¢eordaneè with Chaptèr 3 ol Part 16 01 thè Companiès Ad 2006. Our audit work has bÈèn Ljndertakèn so that wè might statè to thè charitablè eompany's mèmbers thosÈ matters we arg rèquirèd to state to thèm in an auditors. rèport and lor no other purpos6. To thÈ fullest èxtènt permitted by law, wè do not accept or assumè responsibility to anyonè othèr than thè eharitablè eompany and thè Charitablo company's mombèrs as a body, for our audit work, for this rèport, or lor thè opinions WÈ havè formèd. 12
Charity No 1079866 Earthwork$ Trust Limited Cotnpany No Audlted Flnanclal Statèmants for the èrlod 03011755 CC178 Period start 01-Jan-22 Period end 31-Dec-22 Report of the Independent Auditors to the Trustees of Earthworks Trust Limited A J Bènnèwth FCA,FCPA, FFA, FFTA, FIPA, DchA, FRSA Isènior Slalutory Audilorl lor and on bohalf ol Bennèwith 2018 Limited Islalulory Audilorsl 3 Wèy Court Mary Road Guildford Surrèy GU1 4QU Dat8.. 13
Charity No 1079866 Earthworks Tru$t Limited Cotnpany No Audltèd Flnanelal Statemants for thè erlod 03011755 CC17a Period start 01-Jan-22 Period end 31-Dec-22 Section A Statement of Financial Activities Rastrletad Incomè fund$ Rècommèndèd Catogorlès by aetlvlty Unrostrlct lund$ Total th1$ ygar Totsl lasl Dètalls of own 8nalysl$ Incomè and Endowm&nts Notè 4 Donation and Lèga¢iès Grants rècÈivÈd 7,400 64,045 71,445 381,832 Charitablo activitiès Donations and gift aid Income Irotn trading SLJbsidiariès and intèrest rÈceived 53,868 53,868 21,565 Invostments 377,830 377,830 203,369 Othèr OthÈr trading incoma 6,767 6,767 10,415 Total Ineomo 445,865 64,045 509,910 617,181 Exp8ndlturg Notès5-7 Building opèrating costs, dèprèciation and provision ol sèrvicés Charitablo activitiès 244,567 67,564 312,131 215,436 epen ènt Inspè ion, other profÈssional and linaneial. Othèr 9,247 9,247 3,726 Total Expèndltur8 253,814 67,564 321,378 219,162 Nèt Incomallèxpèndlturèl 192,051 3,519 188,532 398,019 Gross transfars bètwagn lund$ 2,542 2,542 Movèm8nt for yaar 189,509 977 188,532 398,019 Total funds brought forward 2,473,883 261,019 2,734,902 2,336,883 Total funds ¢arrl8d forward 2,663,392 260,042 2,923,434 2,734,902 The nèl movomenl in funds roforred lo above is tho nel outgoing resoureès as dolined in thè Stalomenl ol RècommèndÈd Pra¢ticÈ lor Accounting and Rèporting issued by thè Charity Commission lor England & Walès and is rÈeon¢ilèd to th? total funds as shown in the Balaneè Shegl on Pagès 15 and 16 as rgquirgd by the said statèmènt. All aetivitiès dèrivè from continuing opÈrations. The notes on pages 18 10 30 form an intègral part ol thosè a¢¢ounls. 14
Charity No Company 1079866 Earthworks Tru$t Limited 03011755 CC17a Audlted Flnanclal Statèmènts for the èrlod èrio 01-Jan-22 Period end 31-Dec-22 Section B Balance Sheet Unrèstrict&d Rèstrictèd Total thi$ funds funds year Total last year Flxad assats Tanglblè assèl$ Nota 8 2,158,819 54,796 2,213,615 2,173,068 Invèstmènts Noto 9 91,455 91,459 45,857 Total flxèd ass•t$ 2,158,823 146,251 2,305,074 2,218,925 Currènt assèts Debtors Not• 10 774,587 774,587 541,516 Cash at bank and In hand 375,901 113,791 489,692 478,043 Totsl currant as$8ts 1,150,488 113,791 1,264,279 1,019,559 Cr•dltors= amounts lalllng duè wlthln ona yaar Nol•11 17,729 17,729 4,723 Nat currènt a$sètsllllabllltl•$l 1,132,759 113,791 1,246,550 1,014,837 Total ass•t$1g$$ Currgnl 3,291,582 260,042 3,551,624 3,233,762 Cr•dltors= amounts lalllng duè aftar onè yèar Not•11 628,190 628,190 498,860 Nat 8SSèt$ 2,663,392 260,042 2,923,434 2,734,902 Funds of th8 Charlty Unrèstrlctèd lunds Not• 12 2,663,392 2,663,392 2,473,883 Rastrlet8d lund$ Not• 13 260,042 260,042 261,019 Total Charlty fund$ 2,663,392 260,042 2,923,434 2,734,902 15
Charity No Cotnpany 1079866 Earthworks Tru$t Limited (OMMI 03011755 CC178 Audltèd Flnanelal Statamènts for thè Period Period Start end rlod 01-Jan-22 31-Dec-22 Section B Balance Sheet Icontinuedl Thè financial statèmÈnts havè bèÈn praparèd in a¢¢ordan¢e with the spe¢ial provisions ol Part 15 01 th Companiès Aet 2006 rèlating to small companigs. The trustèes acknowlèdgg their responsibilitiès for.. lal Ènsuring that thè eharitablÈ company keops a¢¢ounling rè¢ords that ¢omply with sè¢tion$ 386 and 387 ol the Companies Ael 2006, and Ibl prÈparing linaneial statèmÈnts whieh givè a truÈ and lair vièw ol thÈ statè ol affairs ol thè charitable eompany as at thÈ ènd of èach linaneial yèar ènd and of its surplus or dèficit for Èaeh financial yèar in a¢cordan¢È wth thè rèquiremènts of Sedions 394 and 395 and which othènmsè Comply with thÈ rèquirèmènts of thè Companies Ael 2006 rglating to linan¢ial slalèmènts, so lar as applicablg to th eharitablÈ company. Thèsè linaneial statèmonts have boèn prèparod in a¢¢ordan¢o With thè spÈeili¢ provisions ol Part 15 01 th Companiès Act 2006 rolaling to small ¢haritablo Companiès and in a¢¢ordan¢è Mlh FRS102 SORP. The notes on pages 18-30 form an intègral part ol thesè accounts. Thè flnanclal statèmènts wèr approvèd by tha Board ol Trustèès and slgn•d by trustèès on behalf of 811 thg tru$to&s a$ follow$= Slgnatur8 Prlnt Nam Datè of approval 16
Charity No Company 1079866 Earthworks Tru$t Limited 03011755 CC17a Audlt•d Flnanclal Statèmènts for th• èrlod Pèriod start 01-Jan-22 Period end 31-Dec-22 Section C Statement of Cashflows 2022 2021 Cashflow from opèratlng actlvltlès Nèt incomellèxpènditurèl bèforè tax lor thè réporting pèriod las pèr thè statèmènt ol financial aetivitièsl Adjustmènts for.. Bad dèbt provision Dèprèciation ¢hargès Dividènds, inlorèst and ronts from invoslmonts Ilncroasèlldè¢rease in slo¢k Ilncroasèlldè¢rease in debtors Ilncroasèlldè¢rease in ¢rèdilors 188,532 398,019 37,216 25,787 233,071 172,718 142,336 292,424 Nat cash provld8d byllus8d Inl opèratlng actlvltle$ 135,013 41,336 Cash flow provld8d byllus8d Inl InStIng 8¢tlvltl•$ Paymènts to acquire tangible fixed assets Dividènds, inlgrèsl and ratos from invoslmonts 77,762 259,202 45,602 4,506 Nat cash Ilow from Inv8stlng actlvltlg$ 123,364 263,708 Cash Ilow from flnanelng actlvltlg$ Rgpaymonl ol loans Nat cash provld8d byllus8d Inl Ilnanclng aetlvltlg$ Changè In cash and cash gqulv81ont$ In thg roportlng p•rlod Cash and cash •qulval•nt$ at thè b8glnnlng of th• r8portlng pèrlod 11,649 305,044 478,043 783,087 Cash and cash •qulval•nt$ at thè ènd of th• r•portlng pèrlod 489,692 478,043 Cash and cash •qulval•nt$ ¢on$l$t of= Cash at bank and in hand 489,692 478,043 Noti¢è deposits Iless than 3 months) Cash and cash •qulval•nt$ at thè ènd of th• r•portlng pèrlod 489,692 478,043
Section D Notes to the Accounts Note 1 Ba$1$ of preparatlon 1.1 Ba$1$ of ac¢ountlng Thèsè accounts havè bÈèn prèparÈd on thè basis ol historie cost convèntion, with thÈ Èxcèption ol invèstmènts which arè ineludèd at markèt valuÈ, and in accordancè with Aeeounting and Reporting by Charitiès.. Statèmènt of RècommèndÈd PradicÈ applicable to eharitiès preparing thèir accounting in aeeordaneè with thè Financial Rèporting Standard applicablè in thè UK and Rèpublie of Irèland IFRS 1021 issuèd on 16 July 2014. In prèparing thè linaneial statements thè eharity follows bÈst practicè as laid down in thè Slalèmènt ol RècommondÈd Pracli¢e, applieablè Ac¢ounling Standards and thè Charities Ael 2011. Tho partieular accounting poli¢iès followèd arè sèl out bolow. 1.2 Examptlon from prèparlng consolldat8d flnanel81 statèmant$ Th8 financial statèmènts eontain information about Earthworks TrLJSt Limitèd as an individual charity and do not contain consolidatÈd financial information as thè parÈnt ol a group. Thè Charity is èxÈmpt undèr Sèction 399 01 the Companios A¢1 2006 from the rèquirèmènt to proparè ¢onsolidalèd linan¢ial stalomènls. 1.3 Chang8 In basls of aceountlng Th8rè have bÈèn no changes to thè basis ol a¢¢ounling. 1.4 Chang8$ to prèvlous ac¢ount$ Thoro aro no adjustments lo prèvious awounls. 18
Section D Notes to the Accounts Icontinuedl Note 2 A¢¢ountlng poll¢le$ ASSETS Tanglblè flxad as$8ts for uso by charlty ThÈsè arè eapitalisèd il thÈy Can bè usÈd lor morè than ong yèar, and eosl at lèast £500. Thèy arè valuèd at eosl or a rèasonablè value on rè¢gipt. They arè Ljsèd lor charitablè purposès. Invèstmènts in sècuritiès arè valuèd at elosing rÈalisablè pri¢Ès at tho balancè shÈèt datÈ. Thè diffèrèneè bètwèèn opèning and closing valuation of sècuritiès is rèalisèd as a gain or loss in thè ineomè and ÈxpÈnditurÈ aeeount. Invè$tm8nt$ C8pItsI Grant$ Gifts ol tangiblè fixed assets or grants ol a Capital naturè givèn lor spècilie purposès and fLJlly utilised in thè lurthèraneè of thè objèds of thè charity are erÈditèd to a rèlèvant rÈstrietÈd fixèd assèt fund dèsignatèd for this PLJrpose. ThÈ rèlatèd fixèd assèt is shown on thÈ balaneè shèÈt at thÈ lull eost ol aequisition and deprèciatèd ovèr thè usèful lifè in accordancè with the dèprèciation policy Ibèlowl. Thè rèstrictèd fund is transfèrrèd to gènèral funds on acqusition ol thè rèlatèd assèts and is not amortisièd ovÈr thè lifÈ ol thè assèts. Any spècifie rèstrietions imposèd by thÈ grant making body, bèyond Ljsè by thè eharity lor thÈ PLJrposÈs ol it's normal charitablè activitiès, on usè ol thè assets, is diselosod in thè Fixed Assèts notès. D&prèclatlon Deprèeiation is providod on all tangiblÈ fixèd assÈts al rates ¢alculalèd to writÈ oll thÈ cost on a rèdueing balance mèthod ovor thèir expected usèful èeonomic livès as follows.. Frèèhold propèrty and rÈlurbishmÈnts Plant and machinèry Outdoor eonslruclion al varying ratès on ¢osl al varying ratès on ¢osl al varying ratès on ¢osl INCOME AND ENDOWMENTS Raeognltlon of In¢omlng Incomè from grants, lègaciès, donations, appèals, fLJndraising and rg$our¢o$ invèstmÈnts is rÈeognisèd in thÈ Statèmènt ol Financial Adivitiès ISOFAI on rÈeèipt providing thèrè arè no eonditions that would with hold paymÈnl outsidè ol thè ehairitès eontrol including rÈeèipts whieh arè subjèct lo rÈstrietions bÈeausÈ potÈntial withholding is in control of thè eharity. WhèrÈ ineoming rèsourcÈs havè signilieant rÈlatèd èxpènditurè las with fundraising or eontract incomè) thè ineoming rèsour¢Ès and rèlatèd èxpènditurè arè rèportÈd gross in thè SOFA. Rèntal incomè is rÈportod nel of collÈetion chargès on a rèeèivablè basis. Grants and donations arè only ineludèd in thè SOFA when the ¢harity has Ljnconditional ÈntitlèmÈnt to thè rÈsoureès. Tax rècl8lm$ on donatlon$ Incoming rèsoureès from tax rèclaims arè ineludèd in the SOFA at thè same and glfts timè as thÈ gift to which thèy rèlatè. Contractual Incomè and This is only ineludod in th? SOFA on¢0 the related goods or sorvi¢es hav pèrft)rmanca ralatèd grant$ bèèn dèlivèrèd. Glfts In klnd Gifts in kind arè aCCOLJntèd for at a rèasonablo Ostimalè ol thèir valuo to the charity or thè amount actually rèalisÈd. Gifts in kind lor salè or distribution are ineludèd in the accounts as gifts only whèn sold or distributÈd by thÈ charity. Gifts in kind for usè by thè ¢harily ar? in¢luded in thè SOFA as ineoming rÈsourcès whÈn rÈeèivablè. ThÈsè arè only includÈd in incoming rÈsour¢ès (with an èqLJivalÈnt amount in rÈsour¢ès èxpèndèd) whèrè thè bènèfit to thè Charity is rèasonably quantifiablè, measurablè and matèrial. Thè valuè plaeèd on thÈsè rÈsour¢ès is thè èstimatèd valuÈ to thè Charity of thÈ sÈrvicè or facility rèeèivèd. ThÈ valuè of any volLJntary hèlp rÈeèivèd is not ineludèd in thè accounts and is dès¢ribèd in the Trustèès Annual Report. In¢omlng rasourcès wlth rg18t8d èxpèndlturg Grant$ and donatlon$ Donated sèrvlcos and Voluntèèr holp 19
Section D Notes to the Accounts Icontinuedl Note 2 Ae¢ountlng poll¢le$ {¢ontlnuedl EXPENDITURE AND LIABILITIES Llablllty r¢¢ognlllon Liabilities ara rÉcognisèd in the SOFA on an aeeruals basis as soon as thoro is a lÈgal or constructivè obligation committing thÈ charity to pay out rÈsourcès. VAT whi¢h ¢annol bè rocovered is includod with tho Oxponsè lo whi¢h it rèlates. As a règistèrèd eharity, thè eompany is èxempt from incomè and eorporation tax lo thÈ Èxlonl that ineomè and grants arè applicablè to charitablè purposos only. Ineludè eosls ol thè prèparation and èxamination ol statutory accounts, thè eosts ol trustèè mèÈtings and ¢osts ol anylogal advicè to Irusloès on govèrnanee or constitutional mattèrs. VAT Taxatlon Govornancè costs Rosour¢• allocatlon Rèsourcès èxpèndÈd aro alloealèd lo parti¢ular aetivitiès whèrè the eosl relatès dirèetly to that activity. Whèrè thè charity givès a grant with conditions lor its paymènt bèing a spÈeili¢ lÈvèl ol sèrvieè or output to bè providÈd, such grants arè only rÈeognisèd in thé SOFA oncè tho recipiènt ol thè grant has provided the spoeiliod sèrvicè or output. Grants payablè wlthout ThèsÈ arè only rècognisèd in thè a¢¢OLJnts whèn a eommitmènt has bèÈn made pèrformanco and IhÈrÈ arg no conditions lo be mot relating lo tho grant whi¢h remain in the eondltlons control ol thè eharity. Support Co$ts SLJPPOrt Costs includÈ cÈntral lunetions and hav6 bèèn alloeatèd to activity Cost Catègoriès on a basis eonsistènt with thÈ usè of rèsoLJreès, È.g. allocating propÈrty costs by floor arèas, or pèr eapita, staff eosts by thè timè spènt and othèr eosts by thèir usagè. Funds hèld arè èither.. Grants wlth pèrformanco ¢ondltlons Funds held by th• eharlty Unrestricted general funds- these ale funds which can be used in accordance with thè eharitablÈ objècts al the diserètion ol thè TruslèÈs Designatedlrestricted fund5- these ale fund5 which can only b8 Used for partiCLJlar purposès within thÈ objÈets ol thÈ charity. Rèstrictions arisè whèn spÈeifiÈd by a donor or whèn fLJnds arg solicitèd on the expli¢il understanding that thèy Mll bÈ applièd lo particular rÈstrietÈd purposÈs. Note 3 Winding up or di$$olution of the eharlty 11 upon Mnding up or dissolution of thè Charity thÈrè rèmain any assèts, aftèr th6 satisfaction ol all dèbts and liabilities, thè assÈts rèprèsÈntÈd by thè rèmaining accumulatèd fund shall bÈ transfèrrèd to somè othèr Charitablè body or bodios having similar objè¢ts to the ¢harity. 20
Section D Notes to the Accounts Icontinuedl Note 4 Analy$l$ of In¢ome and Endowments Unrostrlctgd funds Rèstrlctèd Income fund$ Totsl Th1$ Total L8$t yoar yoar Analys1$ Donatlons and Lagaclès Capital grants 64,045 64,045 364,388 Revènuè grants 7,400 7,400 17,444 Total 7,400 64,045 71,445 381,832 Charltablè Actlvltlès Donations recoivod 53,762 53,762 20,881 Gift aid 106 106 684 Total 53,868 53,868 21,565 Invastmènt Incom8 Income from trading subsidiariès 376,070 376,070 200,678 Gain on Invéstment IReslri¢led Fund) 2,106 Bank inlèrèsl 1,760 1,760 584 Total 377,830 377,830 203,369 Othèr Incomlng rèsourcès Rental income RS IFurloughl grant in¢omo 6,767 6,767 7,200 3,215 Total 6,767 6,767 10,415 Totsl Ineom• SOFA) 445,865 64,045 509,910 617,181 21
Section D Notes to the Accounts Icontinuedl Note 5 Analy$l$ of Expendlture Restrlcted Ineomo fund$ An8lysl$ Unrestrlet8d funds Total Total Thls yèar Lost ar Charltabl8 8¢tlvltl•$ Rates, watèr and sèrvice eharggs Insuran¢e 3,860 3,860 4,649 15,152 15,152 13,932 Offi¢0 SalarièslPayroll Fundraising a¢tiviles Equipment rèpairs and rènowals Sundry oulgoings Subseriptions Deprè¢iation ol tangible fixèd assets Lègal and Prolgssional Fèès Grant Expèndituro Grants payablè lo subsidiariès 22,682 22,682 26,488 665 665 150 150 1,450 107 107 120 80 80 85 34,332 2,884 37,216 25,786 2,952 2,952 1,016 64,680 64,680 19,643 164,587 164,587 122,265 Total 244,567 67,564 312,131 215,436 O¢hgr IndèpÈndènt A¢¢ountant's inspection I Audit 6,750 6,750 750 A¢¢ounlan¢y and book koèping eosls Bank charges 2,364 2,364 1,840 133 133 1,136 Total 9,247 9,247 3,726 Total Expèndltur8 {$8è SOFA) 253,814 67,564 321,378 219,162 Thè charlty has no dlvlsablè charltable aetlvltlès, as Its solè charltablè actlvlty Is thè malntonaneè of th• grounds. Th*rOr, rèallocatlon of support and govèrnancè costs arè not posslblè Note 6 Tru$tee remuneratlon ThÈrÈ wèrè no Irusloes, rèmunoration or othèr bènefits lor the poriod èndèd 31 Dè¢embèr 2022 or 31 Dè¢èmbor 2021. 22
Section D Notes to the Accounts Icontinuedl Note 7 Detalls of eertaln Item$ of expendlture (In¢luded In expendlture) Th1$ yoar Last yoar Analysls Numbor ol trustèÈs who woro paid expenses Trust9• •xpènsè$ Naturè ol the expenses zèro zèro Total The above oxponse wèrè waivèd and giftod ba¢k lo tho Trust and treatod as donations. Th1$ y&ar Last yoar Analysls Audltors fè&$ Auditors lèes 6,000 Total 6,000 Analysls Thls yaar Last yaar Fa8s for Independent exatninei's fees èxamlnatlon and Othèr fèès Ilor èxamplè.. advicè, Consultaney, othar aecountancy aeeountaney sèrvieesl paid to the independent f9•$ examinèr or auditor 750 750 2,364 1,840 Total 3,114 2,590 Key Management Per$onnel Thè total amount ol employèè bènolils lineluding omployèr pènsion ¢ontribulions and èmployor national insuraneè eontributionsl rècèivèd by kèy managemènt pèrsonnèl lor thÈir sorvico$ 10 the ¢harity was £35,181.89 for one employ?012021.. £26,488.42, ono omployeel Staff Co$ts Th1$ yoar Last yoar S818rlè$ and Soclal sacurlty P&nslon eosts Othèr èmploy8è Totsl statt ¢o$t$ 32,150 2,048 984 24,676 1,177 636 35,182 26,488 No employees received employee beneflt$ (ex¢ludlng employer pen$lon ¢o$t$} for the reportlng perlod of more than £60,OIXI Average head ¢ount In the year Thls yaar Numbèr Last yaar Numbèr The parts of the eharlty In whl¢h the Fundralslng employees work Charltablè A¢tlvltl•$ Govèrnancè Othèr Tot81 23
Section D Notes to the Accounts (continued) Note 8 Tanglble flxed a$sets 8.1 Cost or valuatlon Frèahold propèrty Plant and maehlnary Outdoor eonstructlon Total Balaneè brought forward Translgrs 2,459,287 178,388 72,188 2,709,863 Additions 77,339 423 77,762 Rèvaluations Disposals Balancg ¢arrl8d forward 2,536,626 178,388 72,611 2,787,625 8.2 A¢cumulatèd d8prgel8tlon and Impalrmont provl$lon$ Frè&hold propèrty Plant and maehlnary Outdoor eonstructlon Total Balancè brought forward Dèprèciation chargè for yoar Impairmènt provisions Rèvaluations 292,417 177,523 66,854 536,794 35,364 278 1,574 37,216 Disposals Balancg ¢arrlgd forward 327,781 177,801 68,428 574,010 8.3 Nat book value Brought forward Carrlgd forward 2,166,870 5,334 2,173,068 2,208,845 587 4,183 2,213,615 24
Section D Notes to the Accounts Icontinuedl Note 9 Investments 9.1 Cost or markot valuatlon Sharas In group undèrtaklngs Invèstmants Totsl Al 1 January 2022 Rèvaluations 45,855 45,857 4,801 4,801 Additions 50,400 50,402 Disposals Balancg ¢arrl8d forward 91,455 91,459 Sharè Capital has beon roeognised in tho ¢urronl yoar lor Wood4Hèat Limitod, a dormant ¢ompany 9.2 Nèt book valuo Brought forward Carrl¥d forward 45,855 45,857 91,455 91,459 Note10 Debtor$ and prepayment$ Analysls of d8btor$ Amounts falllng du& wlthln on& y&ar Thls ar Last yaar Amounts falllng dua aftèr morè than on& ar Thls yoar Last year Tradè debtors Amounts owèd by group undgrtakings Othèr dèbtors 759,506 541,436 15,081 80 Total 15,081 80 759,506 541,436 Note 11 Credltors and a¢erual$ Analysls of ¢r8dltor$ Amounts falllng du& wlthln one yèar Thls ar Last yaar Amounts falllng dua aftèr morè than ona year Thls ar Last year Bank loans and ovèrdrafts Dèfèrrèd Ineom 8,750 Tradè ¢rèdilors 799 Amounts owèd lo group undèrtakings Othèr eroditors 628,190 498,860 8,974 3,924 Tolol 17,729 4.723 628,190 498,860 25
Section D Notes to the Accounts Icontinuedl Note 12 Unrestri¢ted Funds Thls ar Last y8or Analys1$ Balanco brought forward Not ineoming rosour¢es Transfor lo rostricted funds Gonèr81 fund$ 2,473,883 2,220,220 192,051 50,297 2,542 203,366 Balaneo carrlgd forward 2,663,392 2,473,883 Roprèsontèd by - Fixèd assets Not ¢urrènt assets 2,158,823 2,275,249 1,132,759 198,633 Long tèrm liabilitlOS Balaneo carrlgd forward 628,190 2,663,392 2,473,883 Total Funds 2,663,392 2,473,883 Note 13 Restrl¢ted Funds Movom8nts of malor fund$ Rastrlcted fund$- 2022 Fund balanc8s brought forward Transl&r$ to rèstrlctèd funds Fund balancès carrlad forward Incom Expèndltur8 Burial Silo 56,930 40,400 5,875 91,455 SDNPA Covid 19 Rè¢ovèry Restricted Various 12,500 12,500 45,000 1,645 46,305 South Downs National Pad( Grant 62,400 2,884 59,516 Capital Improvemonts 146,589 37,858 108,731 Total Rostrlctgd Fund$ 261,019 2,542 64,045 67,564 260,042 26
Section D Notes to the Accounts Icontinuedl Note 13 Restri¢ted Funds Cont. Unr•strlet8d Funds.. 2022 Fund balancas brought lorward Transfars b8twè&n funds Fund balanc8$ Carrlèd forward Incom8 Ex ndltura Dè natèd Fund GÈnèral RèsÈNèS 61,374 10,626 72,000 Genèral Funds sel asidè lor opèrational andlor capital costs Major Donor Gill Aid 112,180 1,075 113,254 187,500 187,500 GÈnèral Funds 2,225,009 125,348 444,791 253,814 2,290,638 Total Unrè$trl¢tgd Funds 2,473,883 2,542 445,866 253,814 2,663,392 Total Fund$ 2,734,902 509,911 321,378 2,923,434 Funds: 2022 The 'Buiial Site. fund is all excess funds from South Down5 Natural Burial Site Limited that ar8 donated to Earthwoik5 Trust LimitÈd lo support thè eharitablÈ objÈetivès. The 'SNDPA Covid 19 Recovery. fund was a giant received to provide oiganisational financial support Costs whilst opèrating LJndÈr Covid Rèstrietions and eompènsatè lor loss ol ineomè. Corè eosts. The 'Restricted- Various. funds are giants and donations from various sources with restrictions such as the Young Natural Ambassador Programmè and thè EdLJeation ProgrammÈ. Each donation is spènt according to thè donors wishès. Th8 'South Down5 National Park Giant, is a grant towaid5 the Ready Steady Glow programtn8 to provide sotne n8W tripl8 glazèd windows and a nÈw roof to thÈ LÈarning Hub. Th8 'Capital Improvements. fund 15 for capital works to buildings and site Infia5tructur8 itnprovern8nts. Tran$fers between fund$ Reason for transfer This sum was transferred to an investment fund- allocatÈd lo site manag8tnent in the longterm Amount 1£) 40,400 Bètwèèn unrèstrietèd and rèstrictèd funds Deslgnated funds Pur ose of the desi nation These funds are held in accordance with our policy to hold 2 months operational costs in reservè to ensurÈ financial and operational stability. This sum was tho inlrodu¢tion ol a now COIF dèposit fund Amount 72,000 Genèral RèseNes GÈnèral Funds sÈt asidè lor operational ndlor Capital costs 102,180 Thesè ILJnds arè hÈld follong a dècision by thÈ trustèès to ensurè any Èxcèptional itèms ean bè mèt. Thè fLJnds arosÈ from a gift aid claim on a largè donation in roSPè¢t of the newloarning eèntrè 187,500 Major Donor Gill Aid 27
Section D Notes to the Accounts {continuedl Note 13 Re$tri¢ted Funds Cont. Movèm&nt$ of major lunds Rèstrlctèd fund$'. 2021 un balance$ brought fomard rans to rèstrlctèd fund$ èrs un balancès carrlad forward In¢omè Exp8ndlturo Burial Site 52,434 2,400 2,096 56,930 EHDC-Improvèmènl SDNPA Covid 19 Roeovory Rèslri¢tèd - Various 4,240 4,240 23,500 11,000 12,500 3,532 45,000 3,532 45,000 Capital Improvèmènts INow Learning Control 32,957 205,756 319,388 146,589 Total Rèstrlctèd Fund$ 116,663 203,356 366,484 18,772 261,019 Unr&strlct8d Fund$= 2021 Fund balanc•$ brought lOard Fund balancès carrlad forward Transfers b&lwèen funds Incomè Ex ndltura Desi nated Funds Genoral Rèsèrvos 57,024 4,350 61,374 Major Donor Gilt Aid 187,500 187,500 Gènèral Funds 1,975,697 199,015 250,687 200,390 2,225,009 Tolol Unroslrl¢tgd Fund$ 2,220,221 203,365 250,687 200,390 2,473,883 Total Fund$ 2,336,884 617,171 219,162 2,734,902 28
Section D Notes to the Accounts Icontinuedl Note 13 Restri¢ted Funds Cont. Funds: 2021 The 'Buiial Site. fund is all excess funds from South Down5 Natural Burial Site Limited that ar8 donated to Earthwoik5 Trust LimitÈd to support thè eharitablÈ objÈetivès. The EHDC Improvèmènt Grant is lor lands¢aping improvemonts to the frontagè and ¢ar park The 'SNDPA Covid 19 Recovery. fund was a giant received to provide oiganisational financial support Costs whilst opèrating LJndÈr Covid Restrietions and eompènsatè lor loss ol ineomè. Corè eosts. The 'Restricted- Various, funds are giants and donations from various sources with restrictions such as the Young Natural Ambassador Programmè and thè EdLJeation ProgrammÈ. Each donation is spènt according to thè donors wishès. Th8 'Capital Improvements. fund 15 for capital works to buildings and site Infia5tructur8 itnprovern8nts. Tran$fers between funds Reason for transfer This fund was kept as an invèstmènt fund. Not all ineomè was rèquirèd for thè silè managèmènt and burial commitmènts In linè with thÈ accounting policy for AssÈts,. Capital Grants a onè off transfèr was madè from rèstrictèd to unrestrictèd funds on eapitalisation ol èxpènditLJrè in rèlation to WèthèrDown Lodgè 2 INÈW LÈarning CÈntrÈl Operational Costs have incrèasèd, thÈrèforÈ thÈ 2 months reserves have also in¢reasèd. Amount 1£) 2,400 Bètweèn unroslrielod and rèslri¢tèd funds 205,756 Bètweèn rèstri¢tèd and unrèslri¢tèd funds Bètwèèn unrèstrietèd and dÈsignatèd fLJnds 4,350 Deslgnated fund$ Pur ose of the desi nation These funds are held in accordance with our policy to hold 2 months operational costs in rÈsèrvè lo ènsure financial and operational stability. These funds are held following a decision by the trusteès to ensure any exceptional items can be mel. The funds arosÈ from a gift aid claim on a largè donation in rospè¢t of thÈ nÈw lèarning eèntrè Amount 61,374 GÈnèral RèsÈNèS 187,500 Major Donor Gill Aid 29
Section D Notes to the Accounts Icontinuedl Note 14 Related Party Transa¢tlon$ Balan¢e outstanding to Earthworks Foundation Limitèd= Oponing balancÈ1011011221 Plus.. Committèd Donations to Foundation in year Lèss.. Cash Transfèrrèd During thÈ Yèar Closing Balan¢e1311121221 498,860 164,587 -35,257 628,190 Balan¢e outstanding from South Downs Natural Burial Limitod.. Opèning balancÈ1011011221 Donations from SDNB Limitèd in yÈar Lèss.. Cash Transfèrrèd During IhÈ Yèar Closing Balan¢e1311121221 540,591 376,070 -158,000 758,661 Balan¢es outstanding from Wood4Hèat Limitod.. Opaning balancÉ1011011221 Donations in yèar Closing Balan¢e1311121221 845 Earthworks Foundation Limitod is a connèetèd eompany limilod by guaranloè. South Downs NatLJral Burial Sitè Limitèd and Wood4Hoal Limitèd are wholly ownèd subsidiariès of Earthworks Trust Limitèd. Note 15 Ultlmate Controlllng Party The ¢harity was under the eonlrol ol tho trustèès throughout tho year. Note 16 Future Commltments Minimum lèaso payments under non-¢aneèllablè oporatingloasès fall duè as follows.. 2022 2021 Within onè yèar Betweèn two and Iivo yoars 1,391 3478 4,869 30